Agriculture
More Nigerians embracing farming as business –Ruwase


More farmers have turned out to be registered as members of the Lagos Chamber of Commerce and Industry.
The President, LCCI, Mr. Babatunde Ruwase, disclosed this on Wednesday during the 2018 induction ceremony into the chamber in Lagos.
Ruwase noted that this was a sign that people had started recognising farming as business.
He said, “Farming business was not what people liked to do but today, 20 farmers have joined the chamber out of the 105 new members admitted. They are tractor assemblers, tractor hirers, and people who are producing drugs for farming.
“This is an indication that many people are embracing farming as business.”
He said that 105 members were inducted making it the largest number of new members admitted into the chamber in recent times.
Ruwase said, “A good number of them are graduates of our mentoring programme that prepares young men and women to go into business.
“We also have people from the Information and Communications Technology sector and real estate.
“Real estate is the barometer of measuring recession. If more people are going into the real estate business, it means that indeed we are coming out of recession.”
According to him, the members have stated their expectations from the chamber and he is studying them to see how best to meet those expectations.
He advised members on how to maintain the tradition of the chamber which involves high ethical standards, integrity, and good corporate governance in business practice.
He said, “As businessmen and women, we have obligations which transcend profit making. We should pay adequate attention to integrity in our business transactions and practices.”
Earlier in his welcome address, the Chairman, Membership Welfare Committee, Mr. Soboma Ajumogobia, disclosed that the companies had fulfilled all criteria to become members of the chamber.
He urged members to participate in all activities of the chamber and pay their subscription dues promptly.
“I will like to reiterate the need for high quality representation at the level of chief executive officers and managing directors or at least at the senior management level in participating in the activities of the chamber.
.Punchng.com
Agriculture
ORJI ISRAEL with Agency News


The Board of Directors of the African Development Bank Group (AfDB) has approved a grant of $500,000 from its Special Relief Fund to support Uganda’s Relief Emergency Response Project.
The financing will provide urgent assistance to communities severely affected by floods and landslides in the Bulambuli, Kasese and Ntoroko districts, including the provision of family-size tents to an estimated 1,500 internally displaced persons (IDPs). The goal is to improve living conditions in camps where thousands have sought shelter since the disasters.
From 17-19 August 2025, heavy rains in the Mount Elgon subregion in eastern Uganda flooded the mountainous Bulambuli, Sironko and Mbale districts and triggered landslides in the neighobring Namisindwa district.
Local authorities reported 5 deaths, 50 injuries, and an estimated 2,000 homes damaged or destroyed, with 5,000 displaced and 15,000 impacted in total. In recent years, extreme weather events have displaced families, destroyed infrastructure and disrupted livelihoods across the country’s Rwenzori and Elgon regions, where these districts are located.
“Beyond emergency relief, the project is an investment in dignity, safety, and recovery,” said Mercuria Assefaw, the Bank Group’s Division Manager for Water Security and Sanitation. “Providing decent temporary housing will not only address a priority shelter need and improve living conditions for displaced families, it will also stimulate the local economy through procurement and logistics.”
The Office of the Prime Minister of Uganda will implement the project through the Department of Relief, Disaster Preparedness and Management. By prioritising rapid procurement and efficient delivery, the project will create opportunities for local suppliers and service providers, contributing to the wider recovery of flood-affected communities.
Activities will be completed within six months, ensuring timely relief for those in urgent need of shelter. With this support, the Bank will strengthen Uganda’s humanitarian response and contribute to rebuilding community resilience.
Assefaw added, “This grant reflects the Bank’s solidarity with Uganda. By providing immediate relief, we aim to restore hope and stability as communities continue their journey of recovery.”
Agriculture
Raw Shea Nut Export Ban: a win for Nigeria, West Africa – Stakeholders say


In a landmark move to industrialize Nigeria’s agricultural sector and capture greater value from its natural resources, His Excellency President Bola Ahmed Tinubu has approved a six-month temporary ban on the export of raw shea nuts (Vitellaria paradoxa).
The directive, which takes immediate effect, was conveyed through the Office of the Vice President. His Excellency, Vice President Kashim Shettima, stated, “We are not closing doors, we are opening better ones. Today we plant the seeds of an industry that will yield fruit for decades to come; for our women, for our economy, and for Nigeria’s place in global trade.”
The decision follows a rapid assessment by the Presidential Food Systems Coordinating Unit (PFSCU). The assessment revealed that despite producing nearly 40% of the world’s shea nuts; an estimated 350,000 metric tonnes annually, Nigeria captures less than 1% of the global shea market, valued at $6.5 billion.
This strategic policy is designed to protect and grow Nigeria’s domestic shea industry by halting the annual loss of over 90,000 metric tonnes of raw shea to informal cross-border trade. The ban will secure raw materials for local processors, who currently operate at only 35-50% capacity—boost jobs and incomes in rural communities, and protect a value chain where 95% of pickers and processors are women.
The decision positions Nigeria alongside regional leaders in shea production, including Ghana, Togo, Mali, and Burkina Faso, which have already implemented similar restrictions to develop their local processing industries and retain value within their economies.
Eniola Akindele, Data and Impact Assessment Manager of the Presidential Food Systems Coordinating Unit (PFSCU), underscored the untapped potential in the Shea value chain ‘’Shea has the potential to become Nigeria’s untapped goldmine. Beyond its well-known use in cosmetics, shea is increasingly in demand as a substitute for cocoa in global chocolate and confectionery industries. With the right processing capacity and investment platforms, Nigeria can transform its currently underutilized shea value chain into a billion-dollar industry, one that creates jobs, empowers women, and significantly boosts our foreign exchange earnings.”
Key agricultural stakeholders have hailed the presidential directive as a transformative game-changer for the Nigerian economy.
Architect Kabir Ibrahim, National President of the Nigeria Agribusiness Group (NABG) and the All-Farmers Association of Nigeria (AFAN), stated: “This is a pivotal moment for Nigeria’s agricultural industrialization. For decades, we have exported raw shea nuts only to import the finished products at a much higher cost. This policy corrects that imbalance. It is a strategic imperative that will stimulate investment in local processing facilities, create thousands of jobs for our youth and women in rural communities, and significantly increase our national export earnings from a commodity we are blessed with in abundance. We commend His Excellency, President Tinubu, for this bold and visionary action, and we hope that this initiative is extended to other value chains as well.”
Across the West African corridor, value addition for shea nut has been a big topic. “Regional neighbours such as Ghana, Burkina Faso, Mali, and Togo have already imposed restrictions to protect their industries, leaving Nigeria as the outlier and a hotspot for opportunistic and unregulated buying” says the Minister for Agriculture and Food Security, Abubakar Kyari.
Another stakeholder who chose to remain anonymous emphasized the broader regional significance: “The synchronized action across West Africa is a powerful signal to the global market. Nigeria should not just be suppliers of raw materials; the country should be manufacturers and exporters of finished goods. This collective stance by shea-producing nations will give Africa much needed stronger negotiating power and ensure that the wealth generated from its natural resources benefits its people, communities and economies.”
After a very long time, it appears West African nations are taking a united and collective stand to ensure their resources are managed well for the betterment of the region.
Many of the stakeholders who expressed enthusiasm for the ban are hopeful that this is the beginning of a new trend where value addition is domesticated in Africa, thereby reversing the historic trend of exporting raw materials and importing processed goods.
Others, despite commending the administration’s commitment to value addition, have urged the Government to give more clarity as to the implementation and enforcement of the new policy, to prevent smuggling and other risks.
On the other hand, the government has announced that within the next three months, Nigerian shea butter and oil will have prioritized access into the Brazilian market; an opportunity, if well leveraged, that can bring huge gains to the industry.
Agriculture
Niger State to End Direct Supply of Live Cows, Launch Meat Processing for Southwest Markets


Governor Mohammed Umaru Bago has unveiled a major reform in Niger State’s livestock trade, announcing plans to halt the direct transportation of live cows and goats to markets in Lagos and Ogun states.
Under the new plan, livestock will be slaughtered and processed at Mokwa before being packaged and delivered as frozen products to the Southwest. According to the governor, this will improve hygiene, reduce waste, and ensure farmers capture more value from the livestock chain.
Speaking at the First Bank 2025 Agric and Export Expo in Lagos, Bago explained that value addition was key to reversing losses from exporting raw commodities. He revealed that Niger State had secured a $100 million offtake agreement with the Saudi Export and Import Bank to supply livestock to the Middle East, stressing that every part of the animal—from tripe to hooves—would now be fully utilized.
The governor also disclosed plans to partner with Lagos on LNG-powered cold-chain trucks for modern meat distribution. He emphasized that the initiative would raise meat quality, generate jobs in processing, and contribute to Nigeria’s economic diversification away from oil.
Bago urged banks to back such ventures, warning that nations that continue exporting raw products risk remaining “perpetually broke.”
-
Energy5 days ago
Equatorial Guinea Boosts Liquefied Natural Gas (LNG) Production with Chevron Aseng Agreement
-
GRPolitics5 days ago
Why peace is still a long way off in the Democratic Republic of Congo
-
GRPolitics5 days ago
African leaders demand reparative justice at UN General Assembly (UNGA80), decry Western silence on colonial crimes
-
GRTech4 days ago
Governor Soludo’s Solution Innovation District Earns Prestigious Global Recognition at Beijing Innovation Forums
-
Agriculture20 hours ago
-
Culture21 hours ago
Margarita Festival Africa Returns to Lagos for its 10th Edition
-
Culture20 hours ago
Ichie Martin Ezeosim: Anambra Traditional Ruler for Burial Next Week