Agriculture
NACCIMA Warns of Third Recession in Seven Years

By Joseph Amah, Abuja
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal Government to urgently implement policies to prevent Nigeria falling into a third recession by the end of 2022, noting that the declining trend in the nation’s economic growth is worrisome.
National President, NACCIMA, Ide J. C. Udeagbala, gave the warning in Lagos, at a press briefing to review the state of the economy and NACCIMA’s position on issues and policies.
Nigeria recorded a recession in 2016, followed by a second recession in 2020 occasioned by the COVID-19 pandemic, which caused a significant decline in oil revenues as global economic activities stalled for months.
A recession occurs upon two consecutive quarterly negative growth of Gross Domestic Product (GDP).
Udeagbala noted that the Nigerian economy grew by 3.98 per cent in the fourth quarter of 2021, a drop from 4.03 per cent in the third quarter, and 5.01 per cent in the second quarter of 2021.
According to him, “We emphasize this slight but continuous drop in growth rate even as we acknowledge that the Nigerian economy bounced back from the COVID-19 pandemic in the fourth quarter of the year 2020 to reach the peak growth rate for the period, of 5.01% by mid-2021.
“This declining trend is most concerning to us, as we consider that statistics on GDP is three or four months behind the present day, therefore, we estimate that the growth rate of National Output for the first three months of 2022 has decreased further considering the state of conflict in Europe which has had a negative impact on energy and food prices.
“It is the position of our Association that there is a very urgent need for policy implementation to avert a third recession of this decade by the end of 2022, even as the World Bank projects that the Nigerian economy will grow by 4.1per cent this year.”
The NACCIMA president further stated: “The Nigerian economy is operating below its productive capacity, as reflected in the high unemployment rates; we are struggling to meet our economic development objectives; as the growth of national output falls below our population growth; the economy is still heavily import dependent for consumption and production; and dependent on crude oil for government revenues and foreign exchange.
“As crude oil can no longer meet government demands for revenue, we are falling into a dependency on foreign debt to run. We need to turn around and reposition the National direction.”
He called on the legislative and executive arms of government to work together by taking urgent steps to reverse the current trend of increasing public debt and declining economic growth.
“The strategy of funding increasing government recurrent expenditure through public debt and the introduction of new taxes only provide short-term benefits in exchange for long-term negative impact,” he added.
Agriculture
NNPC Foundation Empowers Vulnerable Farmers in Oyo, Osun

No fewer than 500 farmers on Tuesday benefited from the NNPC Foundation agricultural training initiative for vulnerable farmers in Osun and Oyo States.
The training, marking the flag-off in the South-West zone of Nigeria, was held at the Ilora Baptist Grammar School, Ilora, Oyo State.
The foundation manages the Corporate Social Responsibility (CSR) initiatives of NNPC Limited, focusing on education, health, environment and energy access to communities nationwide.
The Managing Director of the foundation, Mrs Emmanuella Arukwe, said the initiative demonstrated the commitment to food security and economic empowerment for Nigerian farmers.
Arukwe, who was represented by Dr Bala David, the foundation’s Executive Director, Programme Development, said the project aimed to build resilience, boost productivity and promote sustainable agriculture.
“We are training 6,000 farmers across six zones in climate-smart practices, modern techniques, quality inputs, and market access,” she said.
She, therefore, urged farmers to participate actively and embrace the opportunity to help secure Nigeria’s food and economic future.
Mr Olasunkanmi Olaleye, Oyo State Commissioner for Agriculture and Rural Development, commended NNPC Foundation for the training and empowerment programme.
Olaleye, who was represented by Mr Olusegun Ezekiel, the ministry’s Director of Regulation and Enforcement, said empowering vulnerable farmers was crucial in addressing national food security challenges.
He added that the initiative aligned with Oyo State’s agricultural transformation agenda of Gov. Seyi Makinde.
“We remain committed to supporting initiatives that uplift farmers and improve productivity and livelihoods,” Olaleye said.
He encouraged participants to make the most of the training opportunity to improve their practices.
He also called for future collaboration between the foundation and the ministry to achieve greater impact.
The training consultant, Prof. Daniel Ozok, described vulnerable farmers as smallholders with an under-five-hectare farm size, mainly made up of women, youth, and the elderly.
“These farmers are most affected by climate shocks, hence the need for focused training,” Ozok said.
According to him, training equips them with modern techniques and strategies for improved productivity and market access.
Some of the participants expressed gratitude to NNPC Foundation and promised to apply the knowledge gained from the training.
NAN reports that a medical screening exercise was organised by the foundation for participants on the sidelines of the training.
Training initiative would later be held for farmers in Ekiti and Ondo States on a date different from that of Ogun and Lagos States. (NAN)
Agriculture
NNPC Foundation Reiterates Commitment to Ensuring Food Security

The Nigerian National Petroleum Corporation (NNPC) Foundation has renewed its commitment to ensuring food security in the country.
Mrs Emmanuella Arukwe, Managing Director, NNPC Foundation, said this on Wednesday in her remarks during the training of vulnerable farmers in Akwa Ibom.
Arukwe said that 6, 000 farmers across the country would be trained on modern farming methods and market access strategies to boost food production in the country.
Arukwe, who was represented by Dr Bala David, Executive Director, Programme Development and Coordinator, NNPC Foundation, added that the Foundation was dedicated to implementing impactful programmes that aligned with national priorities.
She said that more than 500 farmers in Akwa Ibom were trained by the NNPC Ltd Agricultural Training Initiative for Vulnerable Farmers on modern methods and strategies to boost food production.
Arukwe added that the farmers were drawn from the state’s 31 local government areas to participate in the training to equip them with techniques and market access strategies to add value to their businesses.
“This programme is a testament to our unwavering commitment to food security, economic empowerment and national development.
“As the corporate social responsibility arm of NNPC Ltd, the Foundation is dedicated to implementing impactful programmes that align with national priorities.
“This initiative is part of our broader efforts to support the Federal Government’s agricultural transformation agenda, which seeks to enhance food security, increase productivity, and improve the livelihoods of smallholder farmers.
“Our goal is to equip every participant with the tools, knowledge, and resources needed to transition from subsistence farming to commercial-scale production,” Arukwe said.
In her remarks, Dr Offiong Offor, Commissioner for Agriculture and Rural Development, Akwa Ibom, thanked NNPC for the initiative to equip farmers with knowledge on modern farming.
Offor, represented by Dr Atim Okoko, Permanent Secretary, Ministry of Agriculture and Rural Development, said that a nation that trained farmers was a nation that would not go hungry.
“I want to express the state government’s appreciation to NNPC for mounting this laudable programme.
“A nation that starts to train farmers, a nation that starts to look at farmers will never go hungry.
“In this season that our President Bola Tinubu has come up with his Renewed Hope Agenda, everything is to end hunger in Nigeria,” Offor said.
The commissioner added that the programme came to complement what the state government was doing to ensure food sufficiency.
Responding on behalf of farmers, Mr Bassey Inwang, State Chairman, All Farmers Association of Nigeria (AFAN) said farmers in the state were so grateful for the training.
Inwang said the training would boost food production in the state, as the farmers would apply the knowledge gained on their farms for increase in yields.
He said, “We want to tell you that we will not take this training for granted, we will apply it properly on our farms.” (NAN)
Agriculture
FG Trains 120 Youths On Poultry Farming In Plateau

The Federal Government has commenced free six months training for 120 Plateau youths on poultry farming.
The training is through the National Youth Skills Acquisition Fund (NYESAF), under the Innovation, Development and Effectiveness in the Acquisition of Skills (IDEAS) Project.
Dr Daniel Jarafu, Chief Executive Officer (CEO) VetVille Nigeria Limited, one of federal government’s training service providers in charge of the training, said this on Saturday in Jos, at the flagoff of the programme.
Jarafu, said the project was a deliberate effort by the federal government to empower youths with skills that would make them skillful, self sufficient, employers of labour and in turn, boost economic growth of the nation.
According to him, the six months training is segmented into three months theoretical and three months practical aspects .
He further explained that at the end of the programme the trainees would sit for the National Skills Qualifications (NSQs) examination to earn a national certification which would be equivalent to certification earned in the formal education system.
Earlier, Prof. Arhyel Balami, the Guest of Honour, said the initiative by the federal government was highly laudable as it would lead to the empowerment of youths with hands on agricultural skills that would make them productive with sustainable livelihoods.
Balami, urged the trainees to make the best use of the training by being diligent, showing up and paying rapt attention during the course of the training.
The News Agency of Nigeria (NAN) reports that NYESAF is to train 75,000 youths nationwide, with the aim of enhancing job creation, entrepreneurship, and economic independence among young Nigerians.
NAN further reports that initiative underscores the government’s commitment to equipping youths with essential skills to drive economic growth and self-sufficiency