Business
Govt To Purchase Cassava Floor Plants – Minister
The Federal Government has commenced plans to facilitate the purchase and installation of 18 large scale high quality cassava flour plants that would mill 1.3 million metric tonnes of high quality cassava flour per year.
The plants which would be run by the private sector, would be fully operational within 18 months, all across the cassava growing areas of the country, just as the nation’s cassava flour policy was directed at replacing some of the wheat flour in bread with a view to saving over N250 Billion annually “in wheat imports”.
Disclosing this Thursday while speaking at the end of a 3-day 39th Regular Meeting of the National Council on Agriculture and Rural Development held in Enugu , the Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, explained that this alone would make Nigeria the largest producer of cassava flour in the world. ”While skeptics at home wonder, other countries are noticing and applauding Nigeria. Already few African countries have indicated they would import high quality cassava flour from Nigeria as they too wish to follow Nigeria’s example in substituting cassava flour for wheat”.
Continuing, the minister further said: “The tide is turning. Africans are waking up and turning what used to be a poor man’s crop into a commercial crop for the breakfast table and Nigeria is leading the way. Our time for freedom has come. Our president has set a clear direction: We must eat what we produce, and produce what we eat. Mr. President eats cassava bread. Our cassava flour policy is directed at replacing some of the wheat flour bread to save over 250 Billion naira annually in wheat imports”.
He maintained that “Our research institutions, International Institute of Tropical Agriculture, Federal Institute for Industrial Research have produced cassava bread. In the past, cassava farmers got excited and grew cassava but the flour mills did not buy the flour from the cassava processors and caused the collapse of some 135 small and medium scale processors” he stated.
According to him, the largest bakeries in Nigeria have all signed on to commercialise the cassava bread”, adding that the United Trading Company {UTC} had launched its cassava bread on a commercial scale.
The minister also disclosed that Nigeria’s Cocoa Transformational action plan was already making waves across Africa, adding that the release of the Eight Cocoa Hybrids in Nigeria “now puts us in a position to reach the One Million MT export volume within ten years”.
On efforts to make Nigeria self sufficient in rice production, Adesina regretted that Nigeria spends over 350 Billion Naira per year or one billion every day to import rice, disclosing that “our rice transformation plan action plan has a target to make Nigeria self sufficient in rice production by 2015”.
His words: “We are working to ensure that Nigeria has 100 industrial scale rice mills with capacity in place to mill 2.1million MT of high quality rice that can compete with imported rice. They will be in operation within 18months, run by the private sector”.
Also speaking at the ceremony, the Deputy Governor of Central Bank of Nigeria (CBN), in charge of Financial System Stability, Dr. Kingsley Moghalu, revealed that the apex bank had initiated a policy through which a concrete plan had been designed to facilitate lending to farmers.
The policy, Nigeria Incentive Based Risk Sharing System for Agricultural Lending, (NIRSAL), he said would gulp N 75 billion to ensure its step-by-step based implementation.
Explaining the rationale behind the CBN’s NIRSAL policy, he said it was worrisome that despite the fact that agriculture contributed about 40 percent to the country’s GDP, it received less than 2 percent of bank’s lending.
He said the reason for the development was not un-connected to the much attachment to oil sector, stressing that “we are ready to change all that. Banks will now have overwhelming desire to lend to the people for agricultural purposes. Agriculture is a miracle about to happen”.
According to him, banks would be rated by the apex bank on how they lend to agriculture, adding “implementation of NIRSAL based lending is targeted to commence this March, 2012”.
Business
NIGCOMSAT Seeks Policy To Harness AI Potentials
The Nigerian Communications Satellite Limited (NIGCOMSAT), the country’s satellite operator, has called for immediate promolgation of policy action that will enable the country to harness the potentials of Artificial Intelligence (AI).
NIGCOMSAT, also warned that Nigeria risks missing out on Africa’s projected $1.2trillion share of the global AI economy by 2030.
Managing Director of NIGCOMSAT, Nkechi Egerton-Idehen, disclosed this in a statement issued at the weekend following her participation in the Meeting of the National Council for Communications, Innovation, and Digital Economy.
“Artificial intelligence is reshaping industries, economies, and societies worldwide, with projections that it will contribute up to $15.7trillion to the global economy by 2030. Africa stands to gain $1.2trillion of this if the right policies and innovations are in place”, Idehen said, citing a PricewaterhouseCoopers report.
The NIGCOMSAT MD underscored the transformative potential of AI in agriculture, highlighting its applicability in Benue State, widely regarded as Nigeria’s “food basket.”
According to her, machine learning tools could revolutionize agricultural practices by improving pest detection and optimizing planting schedules using satellite imagery.
“AI offers us the chance to not only flourish economically but also to achieve food security. However, we must ask ourselves if we are prepared to manage this technology responsibly”, she added.
Idehen also noted that internet access remains a significant barrier to AI adoption in Nigeria.
“For AI tools to be effective, basic digital infrastructure is essential. Addressing this gap must be a priority.
“AI is happening. We have the opportunity to manage this technology revolution responsibly, both in Africa and globally, through innovation and governance”, she said.
In August 2024, the Federal Ministry of Communications, Innovation, and Digital Economy released a draft National Artificial Intelligence Strategy, aiming to position Nigeria as a global leader in AI.
Corlins Walter
Business
We Have Spent N1bn On Electrification -LG Boss
The Chairman of Emohua Local Government Council, Chief David Omereji, has said the council has so far spent over N1 billion for the electrification of communities in the area.
Omereji said this while addressing staff of the council at the council headquarters recently.
He said the move was part of his administration’s resolve to ensure peace and development of the LGA.
According to him, the Council spent about N29 million on monthly basis for the maintenance of the Emohua Local Vigilante group known as OSPAC, with each member being paid a stipend of N100, 000 monthly.
He diaclosed that 11 out of the 14 wards are currently enjoying electricity, while efforts are on to light-up the remaining ones.
“I also want to use this opportunity to inform the political class for purposes of records and for the understanding of the people that the Council under my watch have done more than enough”, he said .
The Emolga boss explained that all that have been achieved were through the personal effort of the Council, without support from anybody as rumoured in some quarters.
Omereji further reaveled that a number of other projects, including roads, fencing of schools, hospitals, courts premises, and reconstruction of some abandoned buildings at the Council Headquarters are being undertaken by his administration.
He enjoined the people of the area to support his administration’s drive to bring purposeful development to the LGA.
The Emohua Council boss, who reiterated his hatred for noise making, stated that his works would speak for him, and solicited the support of staff of the council and the entire people of the area.
He noted the fact that some people may not be happy with his achievements, saying that he would remain focused, while advising critics of his government to do so constructively with facts and figures.
King Onunwor
Business
Ogoni Rejects NNPC-Sahara OML11 Deal … Wants FG’s Intervention
The Movement for the Survival of the Ogoni People (MOSOP) has raised some ethical questions over a Financial and Technical Services Agreement (FTSA) between Sahara Energy and West African Gas Limited (WAGL), an affiliate of the Nigerian National Petroleum Company (NNPC).
MOSOP said the agreement was not done in good faith, not in the interest of the Nigerian people, and did not follow due process.
Foremost Ogoni born activist and MOSOP leader, Fegalo Nsuke, who made this known in Abuja, weekend, described the Sahara-WAGL deal as fraudulent, deceptive and an insult on the intelligence and integrity of the Nigerian nation.
Nsuke called on President Bola Ahmed Tinubu to cancel that FTSA between Sahara Energy and WAGL, noting that the agreement is fraught with irregularities and deceptive.
“What Sahara and the NNPC did in the FTSA between Sahara and WAGL is shameful and depicts high level corruption in public service of our country.
“WAGL is an affiliate of Sahara and the NNPC. How then can Sahara go into an agreement with its own affiliate? It’s as good as going into an agreement with itself. This is deceptive and fraudulent”, Nsuke said.
He continued that “Sahara Energy is certainly not a company the Ogoni people want on their soil and we are calling on Mr. President, Bola Ahmed Tinubu, to terminate any deal between the NNPC and Sahara Energy over OML 11, and to allow for an inclusive arrangement that considers a fair treatment of the Ogoni people in the distribution of revenues from natural resource extraction on Ogoni soil.
“The last Ogoni Congress has been unequivocal on the Ogoni demand for justice and has given a clear path to resolve the three decade old conflict between all critical parties.
“It will be good to explore this path to peace and development for Ogoni and for our country”.
Nsuke accused Sahara Energy and the NNPC of frustrating the progress made by MOSOP to achieve a permanent solution to the Ogoni problem.
He urged a presidential intervention with deep consideration for a fair treatment of the Ogoni people in order to permanently address the problem.
He noted that Sahara Energy should give up on the Ogoni area to allow for an engagement in the interest of the country and the people.
Recall that MOSOP and Sagara Energy have recently been engaged in a row in what MOSOP describes as an unholy relationship between Sahara Energy and the NNPC over OML 11.
MOSOP expressly rejected Sahara Energy and called for a fair treatment of the Ogoni people in natural resource extraction in Ogoni.
It noted that Ogoni people, led by MOSOP, paid the sacrifice to take the oil from Shell, hence “the position of MOSOP must be taken into consideration in decisions relating to resumption of oil production in Ogoni”.
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