Business
PH Residents Hail Plan To Cut NASS Members’ Wages
Some residents of Port
Harcourt have described the plan by the President-elect, Gen. Muhammadu Buhari, to cut-down the wages of National Assembly members and political office holders in the presidency if he assumes office as a step in the right direction.
They were of the opinion that the wages of members of the National Assembly and top political office holders in the country are not in tandem with the economic reality of the country and even supported that such cut should start from the local government areas.
George Nwakanma, in his reaction yesterday said, “it is funny that some councilors take home as huge as N300,000.00 each and members of the National Assembly go home with several millions each when the nation lacks money to build roads and provide social amenities for the people”.
Nwakanma advocated for reduction of the take home of the political office holders to a little higher than what obtains in the Federal Civil Service salary structure.
Another respondent, Ibifuro Jackson, in his own submission, said time has come for a total review of what any political office holder takes home as salary.
Jackson noted that the high and attractive wages of the officers is the reason why perchance for political offices was to strive that aspirants wish to even die for it.
Grace Elemuwa, a school teacher who also supported the reduction suggested that it was also wrong to make the Governors and deputy-Governor’s pensionable.
According to the teacher, “making such high political offices was quite unfair because of the already much attractions. One day the Councillors and Council Chairmen would also want to make their positions pensionable”.
Another respondent Kenneth Toms, said, “Mr. President should start the cut from his position and if you ask me, I suggest, let all the salaries governors take home be the same irrespective of how rich their various states are”.
Toms expressed disappointment that when the unemployment level has gone so high and the economy of the nation is being surrounded by uncertainties, there is need to reduce what the political leaders take home at the end of the month.
“He blamed the poor state of the nation to uncontrollable wastage by the political leaders and stressed that “just few months ago we were swimming in excess crude account but today workers cannot get their due monthly salaries”.
Toms also called for probe on how the National Assembly and their State counterparts spent their various constituency funds.
“We must change a system where legislators at all levels are given free hands to spend huge amount belonging to their constituencies. There must be transparency and proper accountability”, he maintained.
“A situation where Assembly members merely give bicycles, motor bikes and mere tokens as if they are their personal donations from very huge constituency funds must change”, he stated.
Chris Oluoh
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
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.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
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.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
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.
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