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OPINION

Examining World Bank’s AgriConnect to Transform Global Agriculture

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By Kadiri Abdulrahman

At the recently concluded Annual Meetings of the IMF and World Bank Group in Washington D.C., the World Bank unveiled its flagship agricultural initiative, “AgriConnect”.

The President of the World Bank Group, Ajay Banga, explained that the flagship initiative is designed to boost global agricultural productivity and enable smallholder farmers to move from subsistence to commercial production.

According to Banga, AgriConnect was conceived to transform smallholder farming into a viable engine of economic growth, job creation, food security, and value-chain development in developing countries.

In particular, it seeks to support 500 million smallholder farmers who produce the majority of the world’s food but still operate largely at subsistence levels.

Furthermore, the initiative aims to double the World Bank’s annual investment in agribusiness to nine billion dollars by 2030, while also mobilising an additional five billion dollars from development partners.

Banga noted that the initiative was building an ecosystem around cooperatives to integrate financing for farmers and SMEs, link producers to markets, and harness digital tools such as “small AI”.

This, he added, is underpinned by a pledge to double agricultural financing and attract further resources through strategic partnerships.

He stressed that agriculture had always been central to development.

“Today, the challenge is not only to grow more food, but also to turn that growth into a business that delivers higher incomes for smallholder farmers and creates opportunities across entire economies,” he said.

Banga further observed that over the next 10 to 15 years, about 1.2 billion young people in developing countries would come of age, yet only 400 million jobs were projected to be created.

“Hundreds of millions will either power the global economy or spill over into unrest and migration. That is why the World Bank Group has made job creation our central mission,” he explained.

He noted that although jobs ultimately come from the private sector, they do not all start there.

“Countries move along a continuum: early on, the public sector drives job creation; over time, private capital and entrepreneurship take the lead.

“Our three-pillar strategy reflects that arc of building infrastructure and skills; creating predictable regulations and a business-friendly environment; and supporting investors with risk tools that crowd in capital,” he added.

According to Banga, the World Bank sees potential in five priority sectors of infrastructure, agribusiness, healthcare, tourism, and value-added manufacturing.

However, he noted that agribusiness remains central to both job creation and meeting the projected 50 per cent rise in global food demand over the coming decades.

Moreover, he highlighted that Africa holds 60 per cent of the world’s uncultivated arable land and could significantly boost yields on already cultivated land.

“Latin America already produces enough food for well over a billion people, but faces infrastructural challenges.

“Across Asia, smallholder farmers manage most farmland; an enormous base that can be lifted with better technology, finance, and market access,” he said.

Banga noted that globally, 500 million smallholder farmers produce 80 per cent of the world’s food, yet many remain trapped in subsistence due to inadequate electricity, storage, training, and access to markets.

Similarly, Pakistan’s Finance Minister, Muhammad Aurangzeb, shared insights on his country’s Agri-Finance and Climate Resilience Reforms.

He underscored the crucial role of agriculture in Pakistan’s economy, which contributes nearly one-fourth of GDP and supports millions of small farmers.

He reaffirmed the government’s policy shift from control to facilitation and empowerment, enabling the private sector to drive agricultural growth.

Ongoing initiatives, he said, aim to enhance productivity, access to finance, and value-chain development from production and storage to exports.

“When the full value chain is considered, agriculture contributes nearly 40 per cent to Pakistan’s GDP,” he added.

In the same vein, Guinea’s Minister of Agriculture, Mariama Cire Sylla, emphasised the need for financing and infrastructure reform to empower smallholder farmers and attract investment in alignment with AgriConnect’s goals.

Earlier in 2025, the World Bank published a Guinea Economic Update highlighting the nation’s economic progress.

The report commended Guinea’s fiscal discipline and economic performance, which helped it secure a B+ credit rating from Standard & Poor’s in September 2025.

However, it noted that while growth was encouraging, it had not yet translated into significant poverty reduction, stressing that domestic resource mobilisation remained critical for long-term development.

Meanwhile, the International Fund for Agricultural Development (IFAD) pledged to transform the lives of at least 70 million small-scale farmers through the AgriConnect initiative.

The IFAD President, Alvaro Lario, explained that the initiative aims to create jobs in agribusiness, transform livelihoods, and strengthen global food security.

The project will be implemented in collaboration with the World Bank, African Development Bank (AfDB) and the Inter-American Development Bank (IDB).

“Our investments have led to higher incomes, bigger yields, and better market access for small-scale food producers.

“Delivering that triple impact, we will target at least 70 million people in rural and fragile areas,” Lario stated.

He added that IFAD, alongside other multilateral development banks, governments, and private sector partners, shared a common ambition to connect small-scale producers to markets and turn rural areas into engines of growth, jobs, and food security.

Lario highlighted that IFAD brings nearly five decades of experience investing in rural communities, particularly in remote and fragile regions where poverty and hunger are most severe.

“These communities, home to 80 per cent of the world’s poorest people, face challenges from climate shocks to limited access to inputs, technologies, and finance, despite immense untapped potential,” he said.

He observed that meeting the rising global food demand, projected to increase by nearly 60 per cent by 2030, could generate an estimated 10 trillion dollars in annual economic opportunities by 2050.

He also noted that Africa’s agribusiness sector could reach one trillion dollars by 2030.

Furthermore, Lario pointed out that 1.2 billion young people would enter the job market in developing countries over the next decade, adding that agri-food systems already provide employment for 40 per cent of the global workforce.

In addition, the African Development Bank (AfDB) reaffirmed its partnership and support for AgriConnect.

Its President, Sidi Ould Tah, noted that the initiative aligns closely with the Bank’s own programmes aimed at transforming smallholder farming through technology, finance, and value addition.

He mentioned AfDB’s related efforts such as the Special Agro-Industrial Processing Zones (SAPZ), Agri-Food SME Catalytic Financing Mechanism (ACFM), and ENABLE Youth Programme.

These initiatives are designed to improve infrastructure, reduce investment risks, and provide financing to agri-SMEs and young entrepreneurs.

“These initiatives focus on improving infrastructure, de-risking private capital, and supporting farmers and SMEs to increase productivity and create jobs,” he said.

As the World Bank, AfDB, and their partners roll out large-scale agricultural initiatives, some Nigerians have raised concerns over the discontinuation of the Anchor Borrowers’ Programme (ABP).

The scheme, launched by the Central Bank of Nigeria (CBN) in November 2015, was designed to provide financing support for smallholder farmers.

The ABP was designed to boost production, link smallholder farmers with agro-processors, and reduce Nigeria’s dependence on food imports.

Its objectives, which closely mirror those of AgriConnect, included increasing agricultural output, promoting food security, creating rural jobs, and enhancing farmers’ access to credit.

However, the programme was phased out in 2023 and replaced under the new CBN Development Finance Framework.

The framework aims to streamline agricultural financing through deposit money banks and other financial institutions, rather than through direct government interventions.

All in all, the launch of AgriConnect reflects a renewed global resolve to make agriculture a driver of inclusive growth, food security, and rural development.

However, for initiatives of this scale to achieve meaningful impact, experts say they must align with country-level priorities and lessons from past experiences.

In Nigeria, many believe that the phase-out of the Anchor Borrowers’ Programme offers valuable insights into the challenges of sustaining agricultural financing and ensuring equitable access for smallholder farmers.

By harmonising local policies with global initiatives such as AgriConnect, Nigeria and other developing nations can strengthen their agricultural systems, boost productivity, and build more resilient rural economies. (NAN)

OPINION

Coup in Guinea-Bissau and the Dilemma of ECOWAS

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By Hakeem Jamiu

In his seminal work, Political Order in Changing Societies (1968), Professor Samuel P Huntington argues that political order is essential for societal development. He emphasises that strong, adaptable political institutions are necessary to manage conflicts and meet growing societal demands during periods of rapid change.

Huntington warns that failure to adapt swiftly to societal shifts often results in political decline and instability.

These insights offer a valuable perspective for analysing the recent palace coup in Guinea-Bissau, a country on the verge of greater unrest.

Between 24 and 26 September, I was in Guinea-Bissau for the Economic Community of West African States (ECOWAS) pre-summit as the lead facilitator nominated by the Amandla Institute for Policy and Leadership Advancement (AIPLA).

During this time, I predicted that political upheaval was imminent. It was no surprise, therefore, when, on 26 November, a palace coup took place, leading to the forced evacuation of former President Goodluck Jonathan, head of the West African Elders Forum Election Observation Mission.

He described it as a “ceremonial coup,” an unusual act in which President Umaro Embaló himself announced the coup, despite claiming to be under arrest. This move was clearly staged to prevent the announcement of election results, ultimately undermining democracy in the country.

Embalo’s strategy to consolidate power began long before the coup. He had previously excluded his main challenger, PAIGC’s Domingos Simões Pereira from the electoral process, through judicial manipulation by the Supreme Court, which barred Pereira from contesting the election.

Pereira, a former prime minister, had supported the independent candidacy of lawyer Fernando Dias. Despite his official term ending on 27 February, Embaló remained in office, citing a different inauguration date.

His controversial decision to seek re-election, despite initial promises not to, prompted public protests, which were suppressed by force, with activists arrested and opposition movements restricted.

The road to Bissau, however, was not just fraught with political instability but also physical danger. As I journeyed from Zinguinchor to Bissau, a typically two-hour trip extended to eight hours due to the dilapidated roads, squeezed between rising rivers. The road was perilous, especially when we learnt of the armed insurgents operating along the route.

The driver, having initially misled us about the condition of the road, almost abandoned us at the Senegalese border. Fortunately, immigration officials ensured that we continued. Later, it was revealed that the road’s poor condition has been intentionally kept so as to prevent insurgents from reaching the capital easily.

The coup, led by General Horta Inta-A, just a day before the announcement of presidential election results, claimed that it was necessary in order to prevent “narcotics traffickers” from manipulating the election.

Both President Embaló and opposition candidate Fernando Dias claimed victory, with Dias seeking asylum in the Nigerian embassy, due to credible threats to his life. The people’s resolve for change had been underestimated by Embaló, who believed he could easily eliminate the opposition.

Despite the country’s dire economic situation, with deteriorated infrastructure and widespread poverty, the people of Bissau maintained a remarkable sense of joy.

Young men and women danced in the streets at 3 a.m., while others gathered at the hotel we stayed in, socialising late into the night. These youthful social gatherings reflect a society aware of global trends, including political unrest, despite being influenced by their leader’s poverty politics.

The summit, held at the Royal Hotel in Bissau from 24 to 26 September, focused on the future of ECOWAS, in its 50th anniversary. The theme, “Political Stability, Peace, and Security in West Africa,” seemed ironically prescient.

The dialogue, involving the civil society, youths, and security experts, examined the challenges facing ECOWAS, particularly Unconstitutional Changes of Government (UCG).

My prediction that Guinea-Bissau would soon face political turmoil was echoed by ECOWAS’ General Ojabo, who remarked that his troops were primarily tasked with “guard duties at the homes of politicians,” reflecting the mistrust between Guinea-Bissau’s political class and its military. “The minute ECOWAS pulls out of GB, there will be chaos,” he warned, a grim foreshadowing of what was to come.

The coup, led by General Horta Inta-A, just a day before the announcement of presidential election results, claimed that it was necessary in order to prevent “narcotics traffickers” from manipulating the election. Both President Embaló and opposition candidate Fernando Dias claimed victory, with Dias seeking asylum in the Nigerian embassy, due to credible threats to his life. The people’s resolve for change had been underestimated by Embaló, who believed he could easily eliminate the opposition.

This turned out to be a grave miscalculation, and the coup was a direct result of the president’s failure to meet the people’s expectations. As Huntington’s theory suggests, political instability often arises when rising societal expectations are unmet, leading to frustration and disorder.

The African Union (AU) has also suspended Guinea-Bissau from its activities, calling for respect for the electoral process. The United Nations has urged restraint and respect for the rule of law. The coup in Guinea-Bissau presents another challenge to ECOWAS’s credibility, especially as the region has seen an alarming rise in military takeovers. The coup belt, stretching across West Africa, is increasingly a source of concern.

ECOWAS, having strongly condemned the coup, has suspended Guinea-Bissau from its decision-making bodies and is advocating for the restoration of constitutional order in the country. Meanwhile, the African Union (AU) has also suspended Guinea-Bissau from its activities, calling for respect for the electoral process.

The United Nations has urged restraint and respect for the rule of law. The coup in Guinea-Bissau presents another challenge to ECOWAS’s credibility, especially as the region has seen an alarming rise in military takeovers. The coup belt, stretching across West Africa, is increasingly a source of concern.

Guinea-Bissau, with its fragile political and economic situation, faces considerable instability. With a population of only two million and a per capita GDP of $670, the country ranks among the poorest in the world. Around 70 per cent of the people live below the poverty line, with limited access to essential services such as healthcare, roads, education, and sanitation. As the political crisis deepens, there are concerns that drug trafficking could intensify, further destabilising the region.

For ECOWAS, the challenge is clear: it must persist in applying diplomatic pressure on the coup leaders to restore constitutional order. Military force alone is insufficient; what is needed is a sustained diplomatic strategy supported by respected statesmen.

ECOWAS needs to rediscover its role as a facilitator of West African peace, rather than as an end in itself. The organisation must act consistently and enhance its operational capabilities to tackle the root causes of instability. Unconstitutional changes of government are not merely political anomalies but symptoms of systemic governance failures that must be addressed to prevent further crises across the region. The time for action is now.

Hakeem Jamiu, an ECOWAS facilitator, writes from Ado-Ekiti.

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OPINION

A silent Emergency: Soaring Costs of Diabetes Care Spark Alarm

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By Folasade Akpan

For Mrs Schola Effiong, a 58-year-old confidential secretary in Calabar, managing diabetes in today’s economy feels like “climbing a hill that only gets steeper”.

Diagnosed in 2009, she said her monthly expenditure on insulin, tablets, laboratory tests and monitoring supplies now exceeds ₦150,000.

“You cannot stop taking the drugs, yet the cost keeps going up.

“Sometimes I do not have the money to buy some of them at the same time,” she said.

Her struggle mirrors the experiences of thousands of Nigerians at a time when experts warn that diabetes is becoming a major public health concern.

According to a 2018 national meta-analysis by Uloko et al.

, titled “Prevalence and Risk Factors for Diabetes Mellitus in Nigeria: A Systematic Review and Meta-Analysis”, Nigeria’s diabetes prevalence stands at 5.7 per cent, representing 11.2 million adults.

The authors defined diabetes mellitus as a metabolic disorder of chronic hyperglycaemia caused by absolute or relative insulin deficiency and associated with disturbances in carbohydrate, protein and fat metabolism.

The study, which pooled data from numerous research works across the country, revealed wide regional disparities.

The prevalence rate was 3.0 per cent in the North-West, 5.9 per cent in the North-East, and 3.8 per cent in the North-Central, respectively.

The rates were higher in the southern part of the country: 5.5 per cent in the South-West, 4.6 per cent in the South-East, and 9.8 per cent in the South-South.

Experts say these patterns reflect changing lifestyles, rapid urbanisation and limited access to routine screening.

However, for many patients, statistics tell only a fraction of the real story.

Mr Offum Akung, a 57-year-old teacher in Cross River, said he had to ration his drugs because prices kept rising faster than his salary.

“I spend over ₦40,000 a month and still cannot buy everything on my prescription.

“I rely mostly on Glucophage now; when money allows, I add Neurovite Forte; diabetes management has become more difficult than the disease itself,” he said.

He appealed for government intervention, saying many patients were already “giving up”.

The Second Vice-President of the Diabetes Association of Nigeria, Mr Bernard Enyia, said the economic situation had pushed many Nigerians with diabetes into dangerous coping methods.

He said that he once managed his condition with about ₦70,000 monthly, but currently spends more than ₦180,000.

“Insulin has become something you pray for, while some people are sharing doses or skipping injections.

“Once you break treatment, the complications come quickly.”

Enyia, who lost his job as a health worker in 2017 due to frequent hospital visits, described the emotional toll as immense.

“It affects your finances, your social life, your marriage — everything. Many Nigerians with diabetes are quietly drowning,” he said.

Globally, concerns are also rising.

The World Health Organisation (WHO) estimates that more than 24 million adults in Africa are living with diabetes, a figure projected to rise to 60 million by 2050.

Marking World Diabetes Day 2025, WHO Regional Director for Africa, Prof. Mohamed Janabi, warned that rising obesity, lifestyle changes and weak health systems were fueling an “unprecedented wave of diabetes” across the continent.

He urged governments to prioritise access to affordable insulin, diagnostics and long-term care.

More so, pharmacists say they are witnessing the crisis firsthand.

The Senior Vice-President, Advantage Health Africa, Mr Adewale Oladigbolu, said many patients were no longer able to maintain regular medication schedules.

“People buy drugs today and skip them tomorrow because they do not have money.

“With non-adherence, they never reach therapeutic goals.”

Oladigbolu, a Fellow of the Pharmaceutical Society of Nigeria, said that locally manufactured metformin remained in high demand due to affordability, but insulin-dependent patients faced the harshest burden.

He stressed that diabetes care extended far beyond drugs.

“You need glucometers, strips, blood pressure monitors and regular tests.

“In countries where insurance work, patients do not think about the cost; in Nigeria, they pay for everything out of pocket,” he said.

He called for diabetes care to be covered under health insurance to reduce the financial burden on patients.

President of the Diabetes Association of Nigeria, Prof. Ejiofor Ugwu, described the rising cost of treatment as “a national crisis hiding in plain sight.

He said insulin, which sold for about ₦3,500 four years ago, presently costs ₦18,000 to ₦22,000 per vial.

“Test strips that were ₦2,000 now sell for ₦14,000, while glucometers have risen from ₦5,000 to over ₦25,000.

“On average, a patient now needs between ₦100,000 and ₦120,000 every month. Imagine earning ₦50,000 and being asked to spend twice that on one illness.”

He warned that between half and two-thirds of Nigerians with diabetes remain undiagnosed.

“We are seeing more kidney failure, more limb amputations, more blindness.

“These are late presentations caused by delayed or inconsistent treatment.”

Ugwu urged the Federal Government to urgently subsidise essential anti-diabetic medications and remove taxes on their importation.

“Most of these drugs are produced outside the country.

“Once you add import duties and other charges, prices become unbearable; subsidies and tax waivers could drop costs by at least 30 per cent,” he said.

He also called for expansion of the National Health Insurance Authority (NHIA) to cover a wider range of anti-diabetic medicines, glucose meters and strips — none of which are currently covered.

For many Nigerians, however, the struggle continues daily.

Across households, clinics and pharmacies, the message is the same: as Nigeria’s diabetes prevalence rises and treatment costs soar, more patients are slipping through the cracks — some silently, others painfully — while waiting for meaningful intervention.

In all, stakeholders say diabetes is a national emergency; people are dying quietly because they cannot afford medicine; hence the urgent need for relevant authorities to make anti-diabetic medications accessible and affordable.(NAN)

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OPINION

Is Community Parenting Still Relevant?

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By Dorcas Jonah

In the Nigerian culture, extended families and communities play a crucial role in care-giving, instilling values, and supporting the development of children.

This cultural heritage of community parenting emphasises shared responsibility in raising children.

But in contemporary Nigeria, this age-long practice is facing enormous challenges due to modernisation.

In scrutinising this trend, some parents are of the view that community parenting helps in instilling morals and curbing social vices among children and youths, while others believe it is outdated.

Some parents are of the belief that their children are their responsibility; so they do not tolerate others correcting their children.

By contrast, others say that community parenting, when done with good intentions, can help raise a better society.

Mr Peterson Bangyi, a community leader in Dutse Makaranta, said that community parenting was the bedrock of raising a child.

He said the adage: “it takes a village to raise a child”, remained a powerful principle in contemporary society.

According to him, by Nigeria’s cultural norms and values, a child is owned by everyone; therefore, the grandparents, aunts, uncles, and neighbours actively contribute to raising children.

“This approach fosters a sense of belonging and ensures children grow up with diverse role models.”

Bangyi said that the extended families practiced by more communities were the backbone of parenting.

“But modernisation has taken away this practice as most families do not want people to come close to their children,’’ he said.

Mrs Monica Umeh, a mother of two, emphasising on the importance of community parenting, said that it played significant role in shaping her upbringing as a child and young adult.

Umeh advised that when correcting other people’s children, it is essential to do so with love and good intentions, without any form of bitterness.

“I am a strong advocate of community parenting as long as it is done with love and good intentions.

“I believe no parent can single-handedly raise a child without the support of others,’’ he said.

Mr Temitope Awoyemi, a lecturer, said that community parenting was crucial and could not be over-emphasised.

He said that community parenting helped society in inculcating strong moral values in children and youths, adding that modern life could be isolating for parents.

Awoyemi said that strong community support networks had been shown to lower parental stress levels and promote a more optimistic approach to raising children.

“It also ensures that a child receives guidance and correction from various adults, providing a broader, more consistent moral and social baseline that might be missed by parents who are busy with work.

“Community parenting encourages collaborative, interdisciplinary support from various community members and agencies in addressing a child’s developmental needs comprehensively.

“It focuses on prevention of long-term problems and celebrating individual strengths,’’ he said.

Awoyemi said that as the society continued to evolve, community parenting could adapt to ensure children benefitted from both cultural roots and contemporary innovations.

Mr Fortune Ubong, a cultural enthusiast, attributed the increasing crime rate in Nigeria to lack of community parenting that had extended to schools, and government institutions.

According to him, community parenting remains the foundation of every child’s moral upbringing.

“Most parents are now focused on earning a living and improving their lifestyle, in the process abandoning their primary duty of molding and guiding their children; this is where community parenting plays a greater role,” he said.

However, Mrs Joy Okezia, a businesswoman, said that given the recent developments in the country, correcting a child should be the sole responsibility of their parents.

Okezia said that she preferred to correct her children herself as she knew them better than anyone else.

She also noted that with the rising insecurity in the country, intervening to correct a child could pose a significant risk to the person.

Mrs Ijeoma Osita, a civil servant, also shared Okezia’s view, saying that a child’s behaviour was shaped by their family upbringing.

She said that if a child was not taught to love and respect others at home, an outsider would have little impact in correcting such a child.

Osita emphasised that parents should in still in their children the values of love and respect regardless of their status or background.

According to her, a child brought up with good values is less likely to misbehave well.

She cited the Holy Bible, saying, that says: “Train up a child in the way they should go, and when they are old, they will not depart from it’’.

Osita said that community parenting remained a vital aspect of Nigerian culture, promoting shared responsibility and resilience among families.

He opined that while modernisation posed challenges, blending traditional practices with modern strategies offered a promising path forward.

Observers say robust community connections are linked to better social-emotional development, academic achievement, and overall well-being for children.

They say that in modern society, amidst the digital world, economic instability, and busy work schedules, parents face pressures, making community support systems fundamental.

All in all, stakeholders are of the view that combining traditional community parenting with modern childcare – integrating technology, play-based learning, and skill acquisition – will produce well-rounded children.(NAN)

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