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Experts Want FG To Review Workers’ Salaries

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Some financial experts and other Nigerians last Thursday urged
the Federal Government to review upwards the wages it currently pays its
workers.

They spoke with our correspondent on contemporary living
standards in Lagos.

According to them, a substantial increase in wages will
complement the government’s efforts to tackle corruption and other social
vices.

They noted that the economy would remain stagnant until
wages match contemporary levels of inflation.

Mr Okechukwu Unegbu, a former President of the Chartered
Institute of Bankers of Nigeria (CIBN), pointed out that the high level of
inflation had eroded the value of workers’ salaries which, he said, had
remained stagnant.

Unegbu observed that periodic upward review of wages would
reinvigorate economic activities and create the liquidity needed in the system,
as well as encourage investment among workers.

“Low wages make workers to be less productive, create
discord in families and compel a majority of them to engage in shady deals to
make ends meet,” he said.

Mr Harrison Owoh, the Managing Director, HJ Trust and
Investment Ltd., Lagos, attributed the increase in corruption and other social
ills among the working class to the prevailing “dismal wages’’.

Owohsaid that the inability of the Nigerian working class to
financially support extended family members to create small businesses had
contributed to the army of unemployed youths and high level of poverty
nationwide.

“A well paid worker will not only support extended family
members in operating small businesses, but would find it difficult to engage in
corruption or any social vices,” he said.

Owoh said that the absence of social security benefits also
compounded the problem of poor wage earners.

Mrs Abisola Egbedi, a Human Resource Officer with Rhine
Ltd., Ikeja, said that Nigerian workers earned less than their counterparts
elsewhere.

“A World Bank research conducted sometimes ago shows that
over 120 million Nigerians live on less than two dollars (N320) per day.

“ The situation has not improved even with the N18,000
minimum wage; it is very hard for people to survive on that kind of salary in a
country where most goods are imported.’’

Mr Henry Idemudia, a career counsellor in Lagos, said that
the nation’s poor wage profile had robbed the country of committed workers
interested in professional career growth.

“Job seekers are no longer concerned about the prospect of
the jobs they get.

“They are only interested in the salary they will earn; this
is the reason many people want to work in multinational companies and oil firms
who pay their staffs huge salaries,’’ Idemudia said.

Mrs Olubunmi Oyefeso, a Lagos-based civil servant, told our
correspondent that there was a need for the government to periodically shore up
the minimum wage to meet current economic realities.

“Our salary is not good enough; we are grossly underpaid. We
live on loans; without loans we can’t embark on meaningful projects like having
houses and cars of our own.

“We would have finished spending the salary before it is
even paid at the end of the month; we would have incurred lots of debts.

“We buy necessities like food and clothing on credit; it is
like a cycle. At the end of the year, we always have nothing to show for our
labour,” she said.

Mr Uche Anyim, a medical doctor, appealed to the government
to increase workers’ purchasing power through improved wages.

“Many Nigerians are struggling to make ends meet; they can’t
live the kind of lives they desire because of poor wages.

“How can people buy goods when they do not have money? It is
good to encourage the growth of foreign and local businesses in the country; we
should, however, empower people who will buy their products,” Anyim said.

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USTR Criticises Nigeria’s Import Ban On Agriculture, Others

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The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the  Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.

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Expert Seeks Cooperative-Driven Investments In Agriculture 

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A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.

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NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

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The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.

King Onunwor

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