Agriculture

FG SETS TO REVOLUTIONISE AGRICULTURE

In a bid to ensure food sustainability in the country, the Federal Government has re-affirmed its commitment to revolutionize agriculture through the employment of farm mechanization in line with the economic diversification agenda of President Muhammadu Buhari.

The Secretary to the Government of the Federation, Boss Mustapha made the disclosure when the team from National Agency for Science Engineering Infrastructure (NASENI) alongside the Machine Equipment Corporation Africa (MECA) and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) led by the Executive Vice Chairman, NASENI, Prof. M.S. Haruna, paid him a courtesy visit in his office.

The SGF assured that the Federal Government would ensure steady funding of the project in order to reposition farm mechanisation in the country. In his words:


“For over the years, what has happened is that institutions which came about in different settings have found themselves compelled by certain organizations that have come up now eroding some of those functions and some of those sources of resources. But I believe that we will try as much as possible to bring in available resolutions to these issues so that your steady means of funding will be guaranteed, knowing fully well that as an organization, you have a very cardinal and pivotal role to play in our quest to recovery, not only tractors, but advancing the course of innovations and technological development as a nation”.

He commended NASENI, MECA and NIRSAL for their feat in the recovery of abandoned tractors from Kebbi and Niger States which were refurbished and put into productive use.


He noted that the present administration has been supportive in promoting food sufficiency in the country with different interventions through NIRSAL, a company owned by Central Bank of Nigeria (CBN), and other related agencies in pushing for the nation’s economic diversification drive. He added that through the Anchor Borrowers’ Programme and the fertilizer initiative, many farmers have been empowered and motivated to farm.

According to SGF, Nigeria’s sustainability in food sufficiency cannot be attained without embracing mechanized farming and water irrigation, saying that relying only on rain-fed agriculture will not guarantee food security due to the vagaries of weather. He assured that with the interventions from Mr. President, the nation’s agricultural sector will be on the trajectory of sustainable development in the area of food security.

Speaking earlier, the Executive Vice Chairman (EVC), National Agency for Engineering Science Infrastructure (NASENI), Engr. Prof. Mohammed Haruna said the purpose of meeting with the SGF was to solicit his intervention to explore a Special Presidential intervention to support the immediate implementation of the National Tractor Recovery and Refurbishment Project as approved by President Muhammadu Buhari. He added that they needed N10 billion for the take-off of the Phase I of the project.

EVC, NASENI appreciated the efforts of the NIRSAL and MECA for their support for the Proof of Concept (PoC) and Pilot Scheme of the Tractor Recovery and Refurbishment Project in Niger state in 2018, where 50 tractors were recovered. He added that the scheme targets the recovery of 55,000 broken down tractors across the country that would be recovered within the span of three years with 20,000 tractors in Phase I; 20,000 tractors in Phase II and 15, 000 tractors in Phase III and would be redeployed across all States of the Federation.

He also informed the SGF that the existing NASENI-MECA Workshops located across 17 States of the Federation are to be used for the repairs and fabrication of components. He added that Nigerian Artisans, Engineers and Technicians, to be trained as part of the programme in collaboration with the Original Equipment Manufacturers (OEMs).

The National Tractor Recovery and Refurbishment Project was approved by President Muhammadu Buhari with the aim of promoting a comprehensive agricultural mechanization and agri-businesses value chain in order to transform the agricultural sector for food sufficiency. The project was to be implemented by NASENI in collaboration with NIRSAL and MECA .

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Culture Economy

Businesses Decry Harassment and Multiple Regulatory Bottlenecks in Lagos

post-image

 

Lagos manufacturers are raising their voices against the harassment and bottlenecks they face from multiple regulators and agencies in the state. The outcry follows a viral video showing a man destroying a delivery van loaded with sachet water, popularly called “pure water,” intended for a customer. The incident has sparked widespread criticism and concern among stakeholders in the business community.

One of the prominent voices speaking against this troubling trend is Engr. Roberta Edu, CEO of Moppets Baby Food, a Lagos-based infant food manufacturing firm. Reacting to the video, Edu described it as a reflection of the “huge regulatory gap” plaguing the Nigerian business environment.

“The viral video showing a man destroying sachet water in a van that was out for delivery highlights the huge regulatory gap we have in the country,” she lamented. “Now, NAFDAC has denied their involvement, and Lagos State Environment has also distanced themselves from this act.”

Edu…

Read More
Business Culture Economy Government

Proposed Tax Reform Sparks Nationwide Debate

post-image

 

The recently proposed tax reform bills in Nigeria have stirred intense discussions among citizens and stakeholders. While some Nigerians commend the initiative as a step toward a fairer tax system, others express concerns about its potential economic impact. The bill, which introduces significant changes to the country’s tax structure, aims to implement a progressive tax regime that ensures individuals and businesses contribute to national revenue based on their earnings.

Under the proposed framework, individuals earning up to ₦800,000 annually will be exempt from paying taxes, providing relief to low-income earners. For those earning above this threshold, the tax rate gradually increases based on their income level. The next ₦2,200,000 of income will be taxed at 15%, followed by 18% for the subsequent ₦9,000,000. Higher earners will pay 21% on the next ₦13,000,000, while those with incomes exceeding ₦25,000,000 will face a 23% tax rate. For the wealthiest individuals with annual…

Read More
Business Fintech Society

CBN Mandates N50 Levy on Transfers Over N10,000: PalmPay Adapts to New Policy

post-image

 

The Central Bank of Nigeria (CBN) has enforced a directive requiring financial institutions to impose a ₦50 Electronic Money Transfer Levy (EMTL) on transactions of ₦10,000 and above. The regulation, introduced in 2022, is gaining traction as financial institutions adjust to ensure compliance.

PalmPay, a leading fintech platform, has announced its alignment with this policy. Effective from November 30, 2024, transfers of ₦10,000 or more paid into PalmPay accounts will attract the ₦50 levy, as mandated by the Federal Inland Revenue Service (FIRS).

In a statement, PalmPay emphasized that it does not benefit from the levy, explaining that all proceeds are remitted directly to the federal government. The company reassured customers of its commitment to affordable financial services, stating, “PalmPay continues to offer unlimited free transfers to any bank account. We are dedicated to providing affordable and accessible financial services to our valued customers.”

This development reflects the growing impact of the…

Read More
Business

Governor Soludo Welcomes Apostolic Nuncio to Nigeria, Reflects on Irish Missionary Legacy

post-image

 

The Governor of Anambra State, Prof. Charles Chukwuma Soludo, yesterday extended a warm reception to the newly appointed Apostolic Nuncio to Nigeria and Ambassador of the Vatican City, Most Rev. Michael Francis Crotty. The high-profile meeting took place at the Governor’s Lodge in Amawbia, underscoring the state’s deep-rooted connection to the Catholic Church and its leadership.

Most Rev. Crotty, an Irish prelate with a distinguished diplomatic career, was welcomed with open arms by Governor Soludo, who seized the occasion to honor the historic contributions of Irish missionaries to the growth of Christianity in Nigeria. The Governor spoke passionately about the invaluable sacrifices made by early church emissaries, particularly Irish priests, who dedicated their lives to spreading the gospel and establishing Catholic institutions across the eastern region of the country.

In his address, Governor Soludo highlighted the legacy of the Shanahan family and other Irish clergy, whose work laid the foundation for…

Read More
Business Economy Government

Nigeria Data Protection Commission (NDPC) and Hon. Adedeji Stanley Olajide Empower Over 1,000 Youths with Data Protection and Digital Literacy Training in Ibadan

post-image

 

 

In an effort to equip Nigeria’s youth with essential knowledge on data protection and digital literacy, the Nigeria Data Protection Commission (NDPC), in collaboration with Hon. Adedeji Stanley Olajide, the Chairman of the House Committee on Digital and Information Technology, hosted a five-day training in Ibadan. The event, which saw over 1,000 young Nigerians participate, marks a significant milestone in the country’s push to promote digital awareness and data privacy practices.

Held across multiple locations in Ibadan, the training was designed to provide participants with a deeper understanding of how to protect their personal data in today’s digital world. The initiative is part of the NDPC’s ongoing efforts to raise awareness and build a data-conscious society, especially as more people engage with online platforms.

Representing the National Commissioner and CEO of the NDPC, Dr. Vincent Olatunji, Mrs. Abiola Jide-Abe, the Commission’s Head of Strategic Planning and Communication, shared the Commission’s strong…

Read More
Business Economy Gadgets Government Technology Technology Trends Telecoms

NCC Launches Licensing Framework for Application-To-Person (A2P) Services, Invites Stakeholder Participation

post-image

 

 

The Nigerian Communications Commission (NCC) has officially rolled out its much-anticipated Licensing Framework for Application-To-Person (A2P) services, a move that promises to bring greater structure and transparency to the rapidly evolving telecom industry. The framework, which has been carefully crafted in line with the provisions of the Nigerian Communications Act (NCA) of 2003, was made available for public access on the Commission’s official website, www.ncc.gov.ng, as of November 29, 2024.

The A2P service model plays a crucial role in facilitating automated communication between businesses and their customers, typically for notifications, alerts, and marketing messages. This framework is designed to regulate how such services are delivered, ensuring that the process is seamless, efficient, and compliant with existing laws. By setting clear guidelines, the NCC aims to foster a more reliable and transparent ecosystem for both service providers and consumers.

In an effort to engage…

Read More
Autos Business Culture Economy

Peugeot 504: A Timeless Classic That Defined an Era

post-image

 

First introduced in 1968, the Peugeot 504 has earned its place as one of the most iconic and enduring vehicles in automotive history. With production spanning over three decades, including localized manufacturing in some regions until 2006, the 504 left an indelible mark on the global car market. Known for its robust design, elegant styling, and versatility, it quickly became a symbol of reliability and class.

Available in multiple body styles—sedan, coupe, convertible, wagon, and pickup—the Peugeot 504 catered to a diverse range of drivers. Under the hood, the car offered a variety of engine options, from petrol to diesel, with capacities ranging from 1.8 to 2.7 liters. The diesel variants were particularly celebrated for their efficiency and durability, making the 504 a trusted companion in regions with challenging conditions, such as Africa and South America.

Designed by the renowned Italian firm Pininfarina,…

Read More
Business Economy Society Software Sponsored

NDPC Boss Advocates Data Protection Sustainability at KPMG Workshop

post-image

Dr. Vincent Olatunji, National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), has called for sustainable and long-term practices in data protection to build trust and confidence in data processing activities. Dr. Olatunji made this call as the keynote speaker at a Data Protection Workshop organized by KPMG Advisory Services, where he presented a paper titled “Data Protection Sustainability and the Role of the Data Protection Officer (DPO).”

In his address, Dr. Olatunji commended KPMG for its efforts in organizing the workshop, describing it as aligned with the Commission’s strategic focus on awareness and capacity building. He noted the importance of distinguishing between privacy and data security, emphasizing the NDPC’s commitment to raising awareness on both fronts.

During his presentation, Dr. Olatunji outlined the fundamentals of data protection sustainability, focusing on:

  • Continuous compliance with data protection regulations;
  • Privacy by design and default in organizational systems;
  • Awareness creation among stakeholders;…
Read More