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VP Shettima says Nigeria is emerging best investment destination for agribusiness

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***Says we’re exploring innovative strategies to achieve food, nutrition security

Nigeria’s Vice President, Senator Kashim Shettima, has wooed foreign investors to invest in Nigeria’s agricultural sector, assuring them that the country is ready for agribusiness.

He said Nigeria remained the best place to invest given its 70 million hectares of underutilised arable land, which, according to him, is 75% of the country’s total land mass.

Senator Shettima, who stated this on Tuesday in Iowa, United States, during the 2023 Norman Borlaug International Dialogue, noted that there were substantial opportunities in Nigeria for local and foreign investors to boost agricultural productivity.

Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, in a statement Wednesday, said that the Norman E. Borlaug International Dialogue, also referred to as the “Borlaug Dialogue,” is a gathering of individuals from more than 65 countries fully prepared to address cutting-edge issues related to global food security and nutrition.

Speaking at this year’s edition of the Dialogue with the theme, “Harnessing Change,” the Vice President told the gathering that under President Bola Ahmed Tinubu’s watch, Nigeria has since demonstrated that the Agrifood sector was a top priority.

Delivering his address titled, “Nigeria’s Agribusiness Roadmap for a Prosperous Future,” VP Shettima said, “Our primary objective is to empower our farmers and attract investors. We are increasing primary production to harness the economic potential of agro-processing and industrialisation. This is why, upon assuming office, the President declared a state of emergency in agriculture.

“The connection between food and national security is too significant for us not to be alarmed by happenings around the world, whether in response to unforeseen disasters like the COVID-19 pandemic or the geopolitical frictions around us.”

Restating Nigeria’s firm belief in the power of partnership, the VP explained that it was for this reason that the country had prioritized interventions, which he said present profound economic opportunities for investors.

He listed the interventions to include the National Agriculture Growth Scheme (NAGS), the Technologies for African Agricultural Transformation (TAAT), the Livestock Productivity and Resilience Support Project (L-PRES), the Green Imperative Project (GIP) and the Special Agro-Industrial Processing Zones (SAPZ) programmes.

“Allow me to share that Nigeria understands the essence of partnerships in sustaining the dreams and promises that have brought us together today. This is why we are already collaborating with institutions such as the African Development Bank, the World Bank, the International Fund for Agricultural Development (IFAD), the Islamic Development Bank, and the United States Agency for International Development (USAID) to achieve food and nutrition security in Nigeria and beyond.

“With the invaluable support of our partners, we are exploring innovative strategies to transform this quest for food security into a thriving enterprise,” Senator Shettima stated.

The Vice President highlighted critical areas Nigeria was assisting its farmers to increase productivity, including essential infrastructure for industries to increase their capacity.

He said, “With about 70 million hectares of underutilized arable land, which is 75% of our total land area, Nigeria offers a substantial opportunity to both local and foreign investors to boost agricultural productivity. This is why we’ve embraced the TAAT, GIP, and SAPZ programmes and are investing in agricultural research through the National Agricultural Development Fund (NADF).

“This is why we are helping our farmers increase production and providing essential infrastructure for industries in peri-urban areas to expand their capacity. This, yes this, is the wisdom for our resolve to establish Mechanization Service Centres in all our 774 Local Government Areas to facilitate essential primary production services.”

He further stated that, while much of the demand for agribusiness products was satisfied through imports, the Tinubu administration is dedicated to reversing Nigeria’s over-reliance on importation.

VP Shettima noted that apart from the fact that its strategic location in West Africa provides easy access to regional and international markets, Nigeria was also poised to dismantle investment barriers.

This, he said, is being achieved through a supportive policy framework such as the National Agricultural Technology and Innovation Policy (NATIP).

He continued: “Because we believe that import rules are a significant factor, we’ve established a policy of zero duties on agricultural machinery and imposed restrictions on certain agricultural commodities to stimulate local production. We are also offering preferential financing and subsidies, exemplified by an agricultural credit guarantee scheme that guarantees up to 75% of loans for agricultural ventures.

“We’ve also introduced a range of tax incentives, including tax holidays, deductions for locally sourced materials, labour incentives, and pioneer status incentives, making it easier to conduct business. Notably, we’ve opened the doors to foreign investors, allowing them to have 100% ownership in companies and repatriate their profits and dividends without hindrance.”

Declaring that Nigeria was ready for agribusiness, the Vice President pointed out that the country was “committed to the journey towards a world where food security and nutrition are not luxuries but fundamental rights for all.”

While introducing VP Shettima earlier, Ambassador Terry Branstad, President of the World Food Prize Foundation and former U.S. Ambassador to China, described the Nigerian Vice President as a rare African statesman whose leadership qualities, loyalty as well as sense of commitment to nationhood and development can best be described as legendary.

He expressed optimism that the Bola Ahmed Tinubu Presidency would be successful given its devotion to results-oriented diplomacy.

Attending the Dialogue with the Vice President are the governor of Plateau State, Barr. Caleb Mutfwang, Minister of Agriculture, Sen. Abubakar Kyari; Consul General (New York), Amb. Lot Egopija, and Senior Special Assistant to the President on Agribusiness and Productivity Enhancement (Office of the Vice President), Dr Kingsley Uzoma, among others.

 

 

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Fubara presents staff of office to new Opobo king as monarch pledges to unite community

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Photo caption: Governor of Rivers State, His Excellency, Sir Siminalayi Fubara (right) presenting the Staff of Office to His Majesty King Charles Douglas Mac-Pepple Jaja Jeki VI (left),the newly crowned Amanyanabo of Opobo Kingdom at Government House Port Harcourt on Friday.

 

Governor of Rivers State , His Excellency, Sir Siminalayi Fubara, on Friday formally presented the Certificate of Recognition and Staff of Office to the new Amanyanabo of Opobo Kingdom, His Majesty King Charles Douglas Mac-Pepple Jaja, Jeki VI, urging the new monarch to promote peace, unity and inclusiveness in the kingdom.

The governor while congratulating the new monarch, for successfully scaling the hurdles of selection and coronation, urged the royal father to see contenders who lost out of the selection process, not as victims but as comrades who must be carried along for the kingdom to move forward during his reign.

Speaking during the presentation ceremony in Government House, Port Harcourt, Governor Fubara apologized for his absence at the coronation, explaining that it was due to a call to higher national service, but that his spirit and soul were fully with the kingdom throughout the process.

He declared that history will remember his administration for peacefully laying to rest the late King, Douglas Dandeson Jaja, and mid-wifing the emergence of a new monarch without litigation.

The Governor, who said he remains one of the proudest persons on earth for the success of the transition, disclosed that the late king’s stool was enmeshed in a legal battle that lasted over 27 years, and that it took the wisdom and deliberate intervention of his administration to manage the selection process to avoid another round of court cases.

He emphasized that contrary to insinuations by mischief makers who tried to politicise his absence, his government was fully responsible for the entire process from burial of the late king to the coronation and recognition.

“Our presence was not just in that process alone. Every logistics that were required, there is nobody that can say he’s the one that did it. We did it. So, that is also a key issue in the process. So, for those people who like using everything for politics, my absence was not an intentional thing; it was a call to service. So the fact that I was unable to make it doesn’t mean that I do not value, appreciate or support the process,” Governor Fubara said.

He said the true test of kingship is in the management of success, and prayed that the new reign will usher in greater development in education, healthcare and small businesses, which he said remain the only sustainable antidotes to the growing criminality among youths.

The Governor, who described Opobo as one of the most peaceful Local Government Areas in the State, charged the new king to maintain zero tolerance for criminality, to be intentional and decisive in protecting the kingdom, and not to compromise on security on the grounds of kinship.

Governor Fubara assured the monarch of the continuous support of his administration both in and out of office, while also charging the Alapu Council to guide the king and the titled citizens to redirect their purpose from mere ceremonial uniformity to initiating tangible development projects that will be visible in the kingdom within the next one year.

In an acceptance speech, the newly installed Amanyanabo of Opobo Kingdom, His Majesty King Jaja Jeki VI, pledged to build Opobo on the pillars of service, inclusion and vision, in honour of the legacy of the great King Jaja who founded the kingdom 156 years ago with trade and diplomacy.
Describing the Staff of Office as more than a symbol of authority, the monarch said it represents a sacred trust from the government and people of Rivers State to lead with justice, peace and dignity.

In a statement, Onwuka Nzechi, Chief Press Secretary to Governor Fubara, quoted the monarch to have expressed deep gratitude to God, the ancestors, Governor Fubara, the Opobo Council of Alapu, titled citizens, elders, women and youths for the confidence reposed in him to lead Opobo into its Sixth Chapter.
The new king assured the Rivers State Government that under his reign, Opobo Kingdom will remain a dependable partner for peace, development and unity of Rivers State.

 

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Gunmen abduct 20 NYSC members in Imo

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Gunmen have abducted 20 corps members serving under the National Youth Service Corps (NYSC) along the Owerri–Onitsha Road by Umunoha community in the Mbaitoli, Imo State, South East Nigeria.

Confirming the unfortunate incident, in a telephone conversation, the Police Public Relations Officer of the Imo State Police Command, Henry Okoye, said the corps members were reportedly travelling in a commercial bus from Ibadan, Oyo State, to different orientation camps in the South-East and South-South states when they were intercepted by the gunmen.

He said the Commissioner of Police, Audu Bosso, visited the scene for an on-the-spot assessment, while the police and other security agencies have intensified efforts to rescue the victims unhurt and unconditionally.

Okoye added that security operatives were currently combing surrounding bushes, while a Rapid Response Team (RRT) had also been deployed to track down the kidnappers and secure the safe release of the corps members.

The incident came weeks after the police said that 11 people, including an unidentified number of corps members serving under the National Youth Service Corps (NYSC), were rescued after gunmen attacked vehicles along the Aloma–Egane Expressway.

 

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Ex Air Peace staff praises Allen Onyena’s exceptional leadership, benevolence

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A former employee of Air Peace, who simply identified herself as Tade, has made a social media post on her recent encounter with the Chairman/CEO of the airline, Dr. Allen Onyena and praised him for his exceptional goodwill, benevolence and kind word of encouragement.

Tade who said she resined from Air Peace last year to set up a fashion outfit, after receiving blessings from Allen Onyena, quoted the airline’s CEO to have commended her for establishing her own business, said the encounter took place on Wednesday when the Air Peace boss paid a visit to her business premises

The obviously excited lady said- “It was such a beautiful moment having my boss visit my factory. And honestly, I still struggle to call him my former boss. Some people may be former bosses by designation, but the place they occupy in your life does not change simply because you no longer work in the same organisation.

“Two days ago, when he told me he wanted to come see the factory, I honestly wondered if he would be able to make it. I had seen how incredibly busy his schedule was, meetings, guests, engagements, one thing after another, and some of those meetings stretched well into yesterday evening.

“But around 7pm, after what I can only imagine was an incredibly long and stressful day, he still came.

“And he didn’t just come in, take a quick look around and leave. The entire house came alive.

“We received him warmly, and his presence brought such a beautiful energy into the building. He took time to speak with the staff, interacted with my friend, Mr. Jire, and his wife about their business, and then came into my office and sat with me.

“And for a while, it was just my boss being my boss.

“We talked about entrepreneurship, people management, business management, governance, leadership, and the challenges that come with growing a business, including some of the challenges I cannot even see yet. He reminded me, in his own way, that growth does not mean the challenges stop. They simply change.

“And then came that moment:

“You are now an employer of labour yourself, Tadé.”

She continued – “I don’t think he knows what those words meant to me. October will make it a year since I resigned from Air Peace and left with his blessing.

“And here I was yesterday, almost a year later, standing in my own factory, surrounded by people who now work for the fashion company I am building, while the man I once reported to was standing there looking at what has grown from that decision.

“There was something deeply emotional about it. Because when I met this man in 2023, I could not have known all that the years ahead would hold.

“Meeting you, sir, and working with you was never a coincidence. It was a necessary chapter in my life. A needed season. A significant part of the journey that brought me here. And I will always cherish it.

“Thank you, sir, for your leadership. Thank you for the opportunities, the lessons, the corrections, the wisdom, and most especially, for your consistent belief in me.

“Thank you for showing up. And thank you for coming to see what that little girl who once worked with you is building today. It meant more to me than I can properly put into words.

“And on behalf of the entire TADÉ house, thank you for the generous gift. We are deeply grateful.

“Some moments are bigger than the moment itself. Yesterday was one of them.,” she concluded.

All pictures were taken in the moment

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