Business
Senator Advocates Sufficiency In Rice Production Before Import Ban
Chief Marketing Officer, Dangote Group, Mr Oare Ojeikere (left), beneficiary, Mrs Ebiokpo Endurance (middle) and South-South Zonal Cordinator, Prince Chinonye Ikegwuraka with the cheque,during a mega million promo in Port Harcourt, recently. Photo: Nwiveh Donatus Ken
The Chairman, Senate Committee on Agriculture, Senator Abdullahi Adamu says sufficiency in rice production by Nigerian farmers must be certain if ban on rice importation is to make any meaning.
Adamu told newsmen in Abuja on Friday that Nigeria‘s current level of rice production was not commensurate with its teeming population.
The senator said ban on importation of rice would be sustainable if certain factors were properly addressed, including the issue of supply and demand and accurate census of the population.
“There are quite a number of factors: we must not kid ourselves, the population that we say we have, I believe we are more than the official figure we are throwing around.
“We are more than 170 million people: the fact is that we are not producing enough to feed this population,
“So, even if you wake up tomorrow and say stop bringing in anything food, yes; you can do that.
“You can start tuning the psyche of the population to accept the reality and try to adjust but is that the best approach?
“What is inhibiting our capacity to stop importation is the issue of supply and demand and unfortunately we don’t have enough of what we want.”
He, however, said that the ban on the importation of food crops would go a long way in stimulating the indigenous farmers to increase their level of production of the banned items for improved earnings.
The erstwhile President of All Farmers Association of Nigeria (AFAN) further said that rice importation was in a way increasing unemployment and inducing more losses for Nigerian farmers.
“Those who are into the business of importing, they will do anything to make sure that the import regime continues because that is how they make their money.
“The countries from where they import the commodities support our people buying from them and support the government or talk good of the government that supports import to our country from their countries.
“Each time we import from these countries we are putting their farmers in business and we are making their economy tick to the extent of our involvement economically with the produce we buy.
“I believe that the very fundamental responsibility, basis of any government, as we keep saying, is the protection and security of life and property.
“It starts with life and without food there can be no life; when you eat good and nutritious food that ensures your health and growth then you can pursue other legitimate businesses.
“So protection of life and property starts in a very ordinary way with capacity to feed: every citizen should be able to have three meals.”
He gave assurance that the present administration would make good its promises to improve the agricultural sector.
Adamu stressed the imperativeness of making food available at affordable rate to all Nigerians to enhance the general wellbeing of the populace.
The Tide source reports that ban on importation of food crops such as rice and wheat has been on the agenda of successive administrations.
Statistics indicate that Nigerian spends more than N600 billion annually on food importation.
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter