BUSINESS
FG Set to Reduce Livestock Products Importation with National Dairy Policy
By Joseph Amah, Abuja
The federal government says it is determined to reduce the level of importation of livestock products in the country with the implementation of the National Dairy Policy including other issues affecting the industry.
The assurance was given by the Permanent Secretary, Federal Ministry Agriculture and Rural Development, Dr Ernest Umakhihe, in an opening remark while declaring open the National Dairy Policy Validation Workshop organised by the Federal Ministry of Agriculture and Rural Development in collaboration with the Federal Ministry of Industry, Trade and Investment, held in Abuja.
Umakhihe also described the National Dairy Policy as apt and articulate, which is in accordance with the vision of the Federal Government for the dairy industry.
As we are all aware, policy development of this nature takes series of steps to arrive at the desired end of meeting the aspirations of all critical stakeholders that would directly and indirectly be affected by its operation. We have carefully followed all the preliminary steps to this stage which is validation of the draft policy document.
He also acknowledged that fact that there has been a continuous drive towards meeting national sufficiency in dairy production to reduce the huge amount spent on importation of dairy products in order to bridge the huge gap between supply and demand.
According to him, while explaining pointed that policy development of this nature takes series of steps to arrive at the desired end of meeting the aspirations of all critical stakeholders that would directly and indirectly be affected by its operation, which the Ministry has carefully followed all the preliminary steps to the stage of validation of the draft policy document.
He said: “This meeting cannot come at a better time than now because a National Policy for dairy and dairy products in Nigeria is long overdue.
“Successive Administrations had made efforts to close the gap through programmes such as Dairy Development Programme, National Livestock Breed Improvement Programme, among others thus creating opportunity for private sector participation.
“The draft policy will support the implementation of the National Agricultural Technology and Innovation Plan (NATIP) and FMARD. It will give defined direction for the country’s dairy industry where all players at whatever scale will be expected to abide by rules of operation, in terms of production, processing and marketing of dairy products in Nigeria. I am glad that we are gradually approaching the stage of finalizing the draft document by this validation workshop.
“This effort at putting in place a National Dairy Policy for the country is apt for the realization of the vision of the Federal Government articulated through the change approach and a standard practice to be applied at every level of society, public and private, towards a pragmatic national development.
“This approach is to significantly reduce importation of livestock and livestock products and at the same time stimulate exports to enhance national income generation. The private sector will remain in the lead while government will provide the enabling environment through policies, infrastructure, systems control processes and oversight support.”
However, he (Umakhihe) reminded participants to see the validation workshop as call to national duty to produce a document that will outlive the present generation, hence should give their best and expertise that would positively contribute to the dairy industry in Nigeria.
Meanwhile, in a welcome address, the Director Animal Husbandry Services, Federal Ministry of Agriculture and Rural Development, Winnie Lai-Solarin, pointed that the role of the dairy industry cannot be overemphasized as far as quality nutrition and overall food security are concerned.
According to Lai-Solarin, the dairy subsector has been impeded with many issues and institutional challenges that have prevented its growth alongside other agricultural subsectors.
“The major issue is that of low milk yield, poor handling and post-harvest losses of dairy products. We need to continually improve the productivity of the dairy animals genetically, health and management practices to be able to respond to market-driven productivity objectives. There is need for a mechanism to effectively regulate the dairy sector at all levels starting from animal breeding, milk collection, processing and marketing.
“The National Dairy Policy will give framework for improving productivity of the dairy sector in a well-planned and sustainable manner across the various agro-ecological zones of the country”, she stated.
In a goodwill message, Director- General, Raw Material Research Development Council, Prof Hussaini Ibrahim, who was represented by one of the directors at the Council, Dr Mary Abiareye, promised to work with the relevant agencies to upgrade the country’s diary sector while emphasizing the need for a national dairy policy as a formidable platform to rapidly develop the dairy industry for high productivity.
“This is a very important draft document having inputs from wider stakeholders that will direct and guide operations of the dairy sector.
“There is no doubt that validation of this workable policy catering the interest of every player in the diary industry will stimulate and drive a viable dairy sector.
“This is a very important draft document to guide and direct the operations of dairy products in Nigeria”, he said.
Also speaking was the Registrar, Animal Science Institute of Nigeria, Prof, Eustace Iyayi, who was represented by Bisi Akinfolarin, expressed optimism that the policy would galvanize the dairy sector.
While the Managing Partner, Sahel Consulting Agriculture and Nutrition Limited, Temi Adegoroye, described the policy document as timely and significant milestone for the nation’s agric sector.
Adegorye also expressed hope that the policy has the capacity to guide activities and investments in the dairy subsector, which will add value and fortify production carried out by small dairy producers.
Economy
Minister Says Upgrading MAN to Varsity will Unlock Maritime Opportunities
Mr Adegboyega Oyetola, the Minister of Marine and Blue Economy says upgrading the Maritime Academy of Nigeria (MAN), Oron to a university, will unlock opportunities in the maritime economy.
Oyetola made the expression at the 2024 MAN cadets graduation ceremony in Oron, Akwa Ibom on Saturday.
Represented by Mr Babatunde Bombata, the Director, Maritime Safety and Security, the minister said the Federal Government was working assiduously to unlock opportunities within the marine and blue economy.
He said that the ministry was already collaborating with the Ministry of Education and the Nigerian Universities Commission to ensure MAN’s seamless transition to a university.
“It is our hope that this upgrade will unlock new opportunities for advanced learning, cutting edge research and innovation within the marine and blue economy fields,” he said.
Oyetola urged the graduating cadets to be innovative, resourceful and forward looking in their future endeavours.
“The maritime and blue economy sectors are filled with opportunities, so your contributions to the sector will be instrumental in ensuring a brighter future.
“The government is committed to fostering excellence and innovation in these fields, and we eagerly anticipate the positive impact you will make in your careers,” he said.
He further said that the Federal Government was working on developing a national policy on marine and blue economy.
“This policy will serve as a strategic framework to drive economic diversification, attract investments, create jobs and youth empowerment.
In his remarks, Gov. Umo Eno of Akwa Ibom, said the state government would continue to collaborate with the academy to develop the maritime sector.
Represented by the Commissioner for Internal Security and Waterways, Gen. Koko Essien, (Rtd), Eno urged the graduating cadets to utilise their training in developing the maritime sector.
“I am hopeful that you will utilise the training you have acquired here to further your career as seafarers and in the development of our blue economy,” he said.
Eno commended the Acting Rector, Dr Kevin Okonna and his management team for their commitment towards repositioning the academy for greater results.
Earlier, Okonna said that graduates of the institution had contributed immensely to the growth of Nigeria’s maritime and blue economy.
“Today, we have an opportunity to celebrate a new set of well-trained personnel to the maritime and allied industries.
“We pride ourselves as the pioneer maritime training institution, this is because of the institution’s contributions to national development,” he said.
The acting rector urged the graduating cadets to made effective use of the knowledge gained during their training to make meaningful impact on the growth of the maritime sector.
Report says that awards were given to graduating cadets who distinguished themselves in character and learning. (NAN)
Economy
Investors Gain N183bn on NGX
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
Economy
Yuan Weakens to 7.1870 Against Dollar
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)