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Agriculture

Again, State Govs Seek CBN Assistance Over FAAC Deductions

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By Tony Obiechina, Abuja


State Governors have again appealed to the Central Bank of Nigeria ( CBN) to assist them reschedule their Irrevocable Standing Payment Order (ISPOs) upon which deductions are made directly monthly from their allocations at the Federation Accounts Allocation Committee (FAAC) meeting.


The governors under the aegis of the Nigerian Governors Forum (NGF), made the appeal at  the apex bank corporate headquarters in Abuja on Thursday when the Forum led by it’s Chairman and Governor of Ekiti  State, Dr.
Kayode Fayemi led about 20 Governors to meet with the CBN Management Team on unlocking growth potentials through agriculture .

The Governor of Borno State, Prof. Zanna Zulum who made the request on behalf of the States said the North -Eastern States were heavily burdened by the deductions because of the spate of insurgency and have become hamstrung in activating agricultural initiatives because of their cost implications.
The CBN had earlier restructured States loans in 2016 during the bailout palliatives to assist the States meet up with salaries and other emoluments obligations in the wake of the recessionary effects at the time .
Also on the shopping lists of the visiting Governors were the assistance in the provision of electricity to help agro processing and storage as well as more credit lines through the Development Finance Department of the apex bank.
Responding, the CBN Governor, Mr. Godwin Emefiele promised to work with the States to reap the potentials in agriculture in the country .
He listed the many initiatives undertaken by the apex bank to boost food production in the country so as to cut down on import and save foreign exchange for Nigeria.
In line with the objective, he announced that the CBN has added cassava derivatives to the list of foreign exchange ban for import into the country.
“We have indeed  begun to restrict Forex for importers of all cassava derivatives into the country such as ethanol and starch, he stated”.

Emefiele, explained that the action was taken because Nigeria was the largest producer of cassava and wondered why Nigeria should be importing  cassava derivatives into the country.
The governor also disclosed that the CBN has disbursed about N30 billion for the cultivation of oil palm to meet domestic consumption requirements. He said:”The annual demand for palm oil in Nigeria stands at 2.5m mt of which only  1.25m mt, is produced locally  leaving a  gap of 1.25m mt per annum. This gap is currently being met through imports.

The Central Bank of Nigeria Oil Palm Initiative is aimed at closing the gap and also positioning Nigeria to incrementally export oil palm products to neighboring African countries and beyond.
“Closing the identified gap would require bringing about 312,500 hectares under modern cultivation at an estimated yield of 4 metric tons per hectare.  Our target is to ensure that a minimum of 1.4 million ha of land is put under oil palm cultivation in three years.
“As a step in this direction, the Bank had met with 14 State Governors who pledged to make available 100,000ha of land in each state.  We currently have a total of 904,624 hectares which are available in the states for allocation and investors have been matched with the States of interest to process necessary documentation and titling requirement.  
“The investors are to be funded from the Bank’s intervention programme.  However, some of the States are slow in making the land available to these investors.
“So far a total of about N30 billion has been disbursed through deposit money banks  in favour of 6 oil palm companies to support their expansion programmes.  The companies are PZ Wimar, Biase oil company ltd, Eyop, Okomu Oil company, Presco Oil Company, SIAT Ltd.  
“We are expecting application in favour of Ada Palm IMO State. Over 40 applications from investors across the country for the cultivation of  126,694 hectares are being considered,” Emefiele further disclosed.

Agriculture

FG Calls for Stronger Agricultural Value Chains to Boost Food Security

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The Federal Government has called for a stronger agricultural value chains, increased agro-industrialisation and improved market access to boost food security in Nigeria.

The Permanent Secretary, Federal Ministry of Agriculture and Food Security, Dr.

Marcus Ogunbiyi, made the call on Monday in Enugu during the Technical Session of the National Council on Agriculture and Food Security.

The theme of the event is “Enhancing Agricultural Value Chains, Agro-Industrialization and Market Access for Economic Growth.”

Ogunbiyi, who doubled as the Chairman of the Technical Session, said that the country must move beyond subsistence farming and embrace a commercially driven agricultural system capable of supporting industries, improving farmers’ incomes and expanding export opportunities.

“Our task goes beyond increasing the volume of food produced.

“We must build an agricultural economy that creates wealth, supports industries, generates decent employment, expands exports, improves rural livelihoods and contributes meaningfully to national economic growth,” he said.

The Permanent Secretary identified inadequate storage and processing facilities, limited access to finance, poor logistics and weak links between farmers and processors as major challenges affecting the competitiveness of agricultural products.

He called for increased investment in agro-processing facilities, rural roads, irrigation, electricity, cold-chain infrastructure and modern technologies to reduce post-harvest losses and promote local value addition.

“Agro-industrialisation is central to the transformation we seek to achieve. It provides the bridge between agriculture and industry.

“It also enables agricultural production to serve as a reliable source of raw materials for manufacturing and other productive sectors of the economy.

“The value of this Council will ultimately be determined by the quality of its resolutions and the extent to which those resolutions are implemented,” Ogunbiyi stated.

He also urged state governments to identify priority commodities, establish clear production and processing targets, attract private-sector investment and strengthen partnerships with research institutions and development partners.

In his remarks, the Enugu State Commissioner for Agriculture and Agro-industrialisation, Patrick Uburu, said that the state government was committed to agro-industrialisation to boost farmers’ income, create jobs and generate wealth.

Uburu, who described the technical sessions as a platform for translating policies into practical solutions, urged delegates to prioritise farmers and agribusiness operators in their deliberations.

He emphasised the need for stronger collaboration among state governments, federal agencies and development partners to address food security challenges, noting that recommendations from the meeting should be measurable and implementable.

The commissioner called for practical policies and investments that would improve farmers’ productivity and expand market access for agricultural produce.

Technical Lead Policy Advisory, GIZ ECOWAS & Nigeria, Dr Abiodun Ihebuzor, advocated for stronger partnerships and increased investment in agricultural value chains to reduce post-harvest losses and improve food security in Nigeria.

Ihebuzor noted that previous engagements at the 46th Council in Calabar and the 47th Council in Kaduna had provided opportunities to advance agricultural development.

He expressed optimism that the current meeting would strengthen collaboration among government institutions, development partners and private-sector operators.

According to him, healthy soils, efficient markets and improved storage systems were essential to sustainable food security.

On her part, Geraldine Onu, Deputy Director, Administration and Supply, Enugu State Ministry of Agriculture and Agro-Industrialisation, disclosed that the State Government had intensified efforts to transform agriculture from subsistence farming to commercial and mechanical farming as part of its economic development agenda.

She noted that investments in irrigation, storage, processing and agricultural infrastructure were aimed at increasing production, attracting private investment, reducing post-harvest losses and improving farmers’ livelihoods.

“In Enugu State, under the visionary leadership of Gov. Peter Mbah, agriculture occupies a strategic position in the state’s economic transformation agenda.

“The initiatives include the 300,000-hectare agricultural land bank, the development of Smart Farm Estates across the 17 Local Government Areas, the 260 Farm Estate Programme and the establishment of a tractor assembly plant,” Onu added.(NAN)

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Agriculture

Residents Groan Under Rising Tomato Prices, Seek Alternatives

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Some residents in Lagos State have expressed concern over the recent surge in the price of tomatoes, forcing many households to adopt alternatives.

The residents made their views known in separate interviews on Wednesday in Lagos.

A market survey showed that a 50kg basket of tomatoes now sells between N115,000 and N125,000, compared to between N35,000 and N40,000 recorded last month.

Olachi Igwe, a resident of Ago Palace, said the scarcity and high cost of tomatoes had disrupted her household’s meal plans.

“I contacted my usual vendor, but she said tomatoes were scarce and difficult to source.

“A small bowl we used to buy for between N3,500 and N4,000 now sells for as high as N6,000 to N7,000, when available.

“For now, my family will resort to palm nut stew (ofe akwu) until prices stabilise,” she said.

Another resident, Mercy Okeleye of FESTAC, said although her family prefers fresh tomatoes, rising prices have forced her to consider cheaper options.

“I cannot do without fresh tomatoes because of the taste, but I may have to buy broken ones, popularly called ‘esha’, which are relatively cheaper.

“I do not consider tomato paste a suitable substitute because it is not purely made from tomatoes,” she said.

Also speaking, Tope Babalola from Dopemu, said she might adjust her cooking methods if prices remain high.

“I have not bought tomatoes in over a month, but if the price is still high, I will use more onions and peppers.

“I will not resort to artificial additives; I prefer natural ingredients for my meals,” she said.

Joan Ogugua, another resident, said she had already switched to tomato paste to cope with the situation.

“I asked my son to buy tomato paste for our meals. I cannot justify spending excessively on fresh tomatoes when other basic needs must be met,” she said.

Also, Oge Ugwu, a civil servant at Lekki, said she would resort to cucumber stew with the recent price hike.

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Agriculture

Tomato Farmers Predict Steady Price Hike from May

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The Tomatoes Growers and Processors Association of Nigeria (TOPAN) has predicted a steady increase in the price of the produce between May and June 2026.

The Kaduna State Chairman TOPAN, Rabiu Zuntu, disclosed this in an interview recently in Lagos.

Zuntu noted that although there is no particular time for tomatoes planting season up north, seasonal weather variations can affect the production of the produce.

“Although we can plant tomatoes all-year-round, we cannot assure quality harvest all-year-round.

“Some farmers are harvesting now, while others are transplanting, and others are harvesting.

“Tomatoes are still available for sale but the price of the produce is gradually on the increase.

“Come May/June, the prices of tomatoes will be very expensive, so now is a good time to stock up the produce. There’s always a scarcity within that period.

“This is because of the nature of the weather in the north around that period, the weather is usually very hot and tomatoes cannot resist such hot temperature,” he said.

Zuntu said the price of tomatoes have started rising up in the north.

“A 50kg rafia basket of tomatoes sells from N20,000 as against N7,000 to N10,000 that was sold earlier in the year.

“While a crate of tomatoes up north is sold between N10,000 and N15,000 as against N5,000 to N6,500 sold earlier in the year.

“In most part of Kano State, where there is bumper harvest, they are rounding off their harvest. So, tomato is not that available there and most buyers have turned to where they can find it now, mostly within Kaduna State and some parts of Plateau State.

“So, that’s why the supply has decreased and the tomato supply and cost is determined by the law of demand and supply,” he said.

A 50kg basket of tomatoes in Lagos, at the moment, sells between N40,000 and N60,000 depending on the size and quality.

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