Business
Business Lull Continues In Ahoada …As Hoodlums Renew Siege
The hope of business
activities returning to normal in Ahoada East local government area of Rivers State in particular and the Orashi region in general, following the killing of an armed robbery kingpin in the area, known as General Igbudu and five others by the police recently, has been dashed.
According to investigations by our correspondent, the remaining members of the gang have resorted to brazen armed robbery which is reported almost every other day in Ahoada and its environs.
Our correspondent gathered that on every Ahoada market day, the suspected surviving followers of the dead gang leader arrive the market and loot indiscriminately from helpless traders and customers.
One of such traders, Miss Ego John who was robbed of two 25 litres jerry cans of palm oil and a number of plantain bunches last Ahoada market day while speaking to our correspondent said, “for now I will stop coming to Ahoada”
Further investigations by our correspondent revealed that the “boys”, as the hoodlums are popularly called, were expressing their anger over the celebrations that greeted the killing of their gang leader and other colleagues.
When our correspondent went round, some shops that were opened shortly after the killing have again been shut.
A clothe seller, Mr Linus Uchendu, who spoke to our correspondent said he was relocating to Yenagoa along with his family.
Other landlords and tenants who spoke expressed worry over the turn of events.
For Madam Salome Ogboka, a fish seller who has recorded a number of losses over the activities of the hoodlums said the situation could have been managed if they appeal for help rather than threatening traders with dangerous weapons.
It could be recalled that the slain leader of the Ekpeye Vigilante group, Mr Pius Ukachukwu in an interview with our correspondent vowed to stop the group, led by Igbudu.
Unfortunately, he was allegedly killed by Igbudu last October, the same day he spoke to our correspondent and vowed to lay down his life for peace to reign in Ekpeyeland and the Orashi region as a whole.
However, the present chairman of the Ekpeye vigilante group, Mr Progress Dickson while speaking to our correspondent on phone expressed the hope that the negative effect on business activities in the area would soon be a thing of the past.
While admitting the decline in business activities in the area, he claimed that any group of trouble makers would be done away with, soon.
“In less than one week from now, there will be no more looting, robbery and killing in Ahoada:, he boasted.
He equally denied the rumour making the rounds that the Ekpeye vigilante group has been disbanded.
“Ekpeye people are not fools to do such a dangerous thing” he said.
It would be recalled that Dickson and his group paraded the streets of Ahoada in jubilation shortly after news of the death of Igbudu was confirmed, a celebration which our correspondent gathered, angered the Igbudu camp.
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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