Increase investment in Nigeria’s Agriculture value chain – Analyst
Published
8 years agoon
By
Olu EmmanuelA speaker and partner at PricewaterhouseCoopers (PwC), Mr Oladele Oladipupo, has called for increased investment in Nigeria’s agriculture value chain, to boost the sector’s contribution to the Gross Domestic Product (GDP).
Oladipupo made the call at the just-concluded Agrofood fair in Lagos.
An agriculture value chain is a set of linked activities that work to add value to a product.
It encompasses the flow of products, knowledge and information, finance, payments, and the social capital needed to organise producers and the communities.
Oladipupo noted that the level of agricultural yield in the country owes largely to the absence of concentration on the agric value chain, despite our possession of vast arable land.
“We have 92 million hectares of land in Nigeria, out of which 82 million hectares is arable. However, only about 32 to 34 million hectares is cultivated.
“In some countries, they do not have up to that amount of space under cultivation, but they do generate more yields, both in terms of crops and livestock.
“The reason a lot of other countries develop better yield than Nigeria is because they are worth more on their value chain, from the inputs to their production, to processing, marketing, and logistics financing etc, the countries have put in numerous efforts to develop their value chain.
“What we have noticed in Nigeria is that we focus more on production. Once we plant, we just want to reap. Nobody is talking about the quality of the inputs, nobody is talking about how we leverage technology in agriculture, nobody is talking about logistics or warehousing,” he said.
“While we have 32 million hectares cultivated, we are not getting the right value for the 32 million hectares. For the last 4 to 5 years, the Nigerian agriculture sector’s contribution to GDP has hovered between 22 to 25 per cent, but in 2017 it hit an all-time low of 21 per cent contribution to GDP.
“The problem we have is that we have not invested in the value chain. For example if we take a bar of chocolate, only 6 per cent of the value of that chocolate bar comes from production i.e. growing cocoa plants and harvesting the cocoa beans. Only 6 per cent value is in production, the rest is in inputs, transportation, processing, and marketing.
“The efforts of Research and Development that goes into marketing, packaging, production, and management of the value chain accounts for 94 per cent of the value of the chocolate bar. We can actually process the cocoa beans before exporting and get more than double the value we have been getting,” he said.
Oladipupo also condemned the low export income in agricultural produce, in comparison to Nigeria’s increasing imports and demand for foreign produce.
“Nigeria imports $2.9 billion worth of agriculture produce. Our key imports are rice, meat, dairy products, meanwhile, we only export income of about $0.6 billion dollars. And why is that? It is not that we do not produce, we do produce and export quite a lot of raw agricultural products. The problem we have is that we have not invested enough in the value chain,” he said.
“What we have done in PWC in the last 9 to 10 months is to set up a crew, a core group of people to look at the agricultural value chain in Nigeria, dimension that space and come up with insights that people across the entire value chain can look at, use in order to add value to their businesses, increase productivity, and of course, make some profits.
“One of the things we realised early is the dearth of quality data within the agric business in Nigeria. It is a malaise that affects Nigeria as a whole but especially in agriculture. And one of the reasons for that is because of the composition of people that play in that space.
“Over 70 per cent of our farmers are rural farmers and are illiterate and therefore gathering data or analyzing data is not their strong point,’’ he noted.
Oladipupo also called for the input of the findings of science and technology to boosting agricultural production in the country.
“Another major challenges is that a lot of farmers have understood the impact of science and technology in agriculture. Science and technology actually starts from the quality of the seedlings, we have quite a number of research institutes in Nigeria and West Africa, but the question is how do we get the outputs of these researches to the farmer?
“How do we make sure the farmer gets the right kind of fertilizer for the kind of soil and to make sure he gets the right kind of agro-chemicals, pesticides and etc.?
“These are very important inputs that Nigeria and Nigerians need to work into the nation’s agric value chain,’’ he added.

SPORTS
CAF announces free e-visas for fans attending AFCON Morocco 2025
Published
3 hours agoon
November 14, 2025By
Publisher
The Confederation of African Football and the AFCON Morocco 2025 Local Organising Committee on Friday announced that fans travelling to the tournament will be eligible for free electronic visas.
The policy benefits citizens of countries that normally require a visa to enter Morocco.
“Electronic visas to enter Morocco — obtained through the YALLA app — are now free of charge for supporters attending the competition, which runs from 21 December 2025 to 18 January 2026,” CAF said in a statement on its website.
The governing body said the announcement comes amid growing global demand for Africa’s biggest football event, with more fans booking tickets.
It explained that fans need two documents, a fan identification and an e-visa, to stay in Morocco and enter football stadiums throughout the tournament.
“A Fan ID is mandatory for entry to all stadiums and official Fan Areas. Supporters can apply for both the Fan ID and e-visa in one place inside the YALLA app, streamlining travel and stadium access.
“The Fan ID application and e-visa request are completed seamlessly within the YALLA app, ensuring a faster, easier and secure experience for international visitors and local fans alike,” the statement added.
To apply, fans are urged to download the YALLA app on Google Play or the App Store, or visit the official YALLA website, complete the Fan ID form, and, if required, submit the e-visa request.
Once approved, supporters can purchase match tickets on the CAF ticketing platform.
“The new measures are designed to deliver a seamless, secure fan experience for Africa’s showpiece event that will be played across nine stadiums in six cities,” CAF said.
With Morocco hosting for the first time since 1988, the continent’s biggest football festival returns to North Africa amid high expectations, fierce rivalries, and a new generation of African stars ready to make their mark.
A total of 24 teams are expected to participate.
CBN unveils phased overhaul of fixed income market to boost transparency
Published
1 month agoon
October 3, 2025
The Central Bank of Nigeria (CBN) has announced a phased restructuring of the Nigerian Fixed Income Market as part of sweeping reforms to strengthen transparency, improve efficiency, and reinforce regulatory oversight across the country’s financial ecosystem.
In a circular signed by Okey Umeano, Acting Director of the Financial Markets Department, the apex bank disclosed that it will assume full control of both the settlement process and the trading platform for fixed income transactions beginning November 2025.
According to the CBN, this transition will allow the Bank to manage the trading environment directly while handling end-to-end settlement of fixed income instruments within its established financial market settlement system.
“This transition will enable the CBN to assume direct responsibility for the management of the trading platform and handle end-to-end settlement activities under the Bank’s established settlement system for financial market transactions,” the statement read.
To minimize disruption and ensure market stability, the reform will be implemented in carefully sequenced stages, with active involvement of key market stakeholders, particularly the Financial Markets Dealers Association (FMDA). The milestones for the first phase include:
READ ALSO: Fifth straight inflation drop sparks calls for CBN interest rate reduction
User Acceptance Testing (UAT): Scheduled for the second week of October 2025, to test the proposed settlement infrastructure.
Pilot Phase: A transitional phase to run alongside the current system, ensuring operational stability and user adaptation.
Go-Live 1 (Settlement Process): Full migration of fixed income activities to the new CBN settlement system, starting November 3, 2025.
Go-Live 2 (Trading Platform): Launch of the new CBN-sponsored trading environment for Primary Dealers, Market Makers (PDMM), Pension Fund Administrators (PFAs), and other approved market participants on December 1, 2025.
The apex bank emphasized that the reforms are designed to “strengthen market integrity, streamline operations, and establish a unified regulatory framework that ensures end-to-end visibility and supervisory oversight of fixed income transactions.”
Acknowledging the FMDA’s central role in market development, the CBN called for continued collaboration, stressing that stakeholder input would remain critical throughout the transition.
“We look forward to your continued partnership as we work together to deliver a more efficient, transparent, and resilient fixed income market,” the Bank stated.
The CBN assured participants that the transition would be coordinated to avoid disruptions and would ultimately serve the broader interests of market stability and economic growth.
The overhaul of the fixed income market is the latest in a series of regulatory reforms introduced by the CBN to strengthen Nigeria’s financial system. Just last month, the apex bank directed all Domestic Systemically Important Banks (DSIBs) to adopt early succession planning for Managing Directors/Chief Executive Officers (MD/CEOs) and top executives.
Under that directive, signed by Dr. Rita Sike, Director of the Financial Policy and Regulation Department, DSIBs must secure regulatory approval for the appointment of a successor MD/CEO at least six months before the expiration of the incumbent’s tenure. The move, according to the CBN, is aimed at bolstering corporate governance and reducing leadership uncertainties that could undermine financial stability.
By consolidating oversight of the fixed income market, analysts say the CBN is positioning itself to better support monetary policy transmission, strengthen market resilience, and drive long-term economic growth.
NEWS
Jandor joins 2027 Lagos governorship race, pledges loyalty to Tinubu’s leadership
Published
1 month agoon
October 2, 2025
Olajide Adediran, popularly known as Jandor, has formally announced his intention to contest the 2027 governorship election in Lagos State, this time under the platform of the ruling All Progressives Congress (APC).
Jandor, who was the Peoples Democratic Party (PDP) governorship candidate in the 2023 polls, made the declaration on Wednesday, October 1, 2025, during an Independence Day address in Lagos.
The media entrepreneur-turned-politician emphasized that his ambition remains rooted in the drive to serve the people of Lagos, noting that he is determined to bring new energy into the state’s leadership.
“As for Lagos State, I am offering myself once again to serve. I’m indeed running for the Lagos governorship race in 2027,” he said.
Reflecting on his previous campaign, Jandor recalled the momentum he generated during the 2023 elections, which marked his first major political outing.
READ ALSO: JANDOR pays homage to Olubadan-elect, Oba Rasheed Adewolu Ladoja
He expressed optimism that, with the APC platform and the support of President Bola Ahmed Tinubu, he would be better positioned to actualize his vision for Lagos.
“When it was time for me to truly leave, I came all out, and we took Lagos by storm. Very soon, activities will begin to galvanize support from Mr. President and the party to ensure that whoever picks the APC governorship ticket in Lagos will have a strong run. Let me put this to rest: I am running in 2027,” he declared.
Jandor also used the occasion to openly endorse President Tinubu’s leadership, calling on Lagosians and Nigerians at large to rally behind the President for a second term in 2027.
“President Bola Ahmed Tinubu has proven his capacity to lead this country with vision and courage. I call on Lagosians and Nigerians at large to ensure he gets a second term in 2027 so we can all continue to benefit from his progressive leadership,” Jandor said.
His defection to the APC and fresh declaration are expected to reshape the political landscape in Lagos, setting the stage for what could become a highly competitive race ahead of the 2027 elections.
Trending
- 2 years ago
Amplifying Success: Unveiling the Ultimate YouTube Content Strategy for Nigerian Businesses
SPORTS3 hours agoCAF announces free e-visas for fans attending AFCON Morocco 2025
- 1 month ago
CBN unveils phased overhaul of fixed income market to boost transparency
- 4 years ago
Amputations, executions, women judges in Afghan justice system
- 11 months ago
How Live Games in Online Casinos Improved with Technology
- 7 years ago
Unbelievable! See what this man found in his backyard after hearing a rumour
- 7 years ago
13 Impressive Benefits Of Physical Activity
- 1 month ago
Family of slain ARISE Anchor Somtochukwu Maduagwu demands justice
