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FG trains Ebonyi yam farmers on new production technique

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The Federal Government has trained 20 yam farmers in Ebonyi on new production technique known as the “sackbag’’ yam production.

The training, which was organised by the Federal Ministry of Agriculture and Rural Development (FMARD) was held in Abakaliki on Wednesday.

The News Agency of Nigeria (NAN) reports that farmers were drawn from the 13 local government areas of the state.

NAN also reports that other key stakeholders in agriculture attended the training.

Alhaji Muhammad Nanono, the Minister of Agriculture and Rural Development in his speech, noted that the innovation was aimed at promoting all year yam production to ensure food security.

He said that the training would equip the farmers with the relevant skills needed to enhance yam production through the use of the innovation.

The minister, represented by Chief William Obasi, a director in the ministry in charge of Ebonyi office, said that the farmers were selected for the training due to their contribution to food production in the country.

Nanono said that those trained would step down the training to the grassroots.

“You are selected to be apostles of the new technology where we grow yams in bags, every farmer, everybody, even if you are landless, you will have an opportunity to grow yam in your compound if it is properly ventilated.

“We are here to train our yam farmers in Ebonyi on this new innovation so as to make yam farming a good business.

“We want to make food available for our population and reduce food insecurity, we want to engage our farmers and youths positively through the training,’’ Nanono said.

He urged them to make judicious use of the knowledge received from the training and retrain others.

The minister enjoined the participants to take advantage of the opportunity to address food insufficiency and food insecurity in the nation.

Earlier, Mrs Karim Babangida, a director in the ministry in a keynote speech noted that food security was the most important form of guaranteeing the sovereignty of a state.

The director, represented by Dr Perpetua Iyere-Usiahon noted that guaranteeing food security also required the security of farmers who were saddled with the responsibility of feeding the teeming population of over 200 million people.

She said that in most developing countries such as Nigeria, agriculture was an essential sector considered as the backbone for rural economy as many relied upon it for survival.

“Food insecurity and unemployment remain pressing problem in many parts of Africa with malnutrition identified as primarily being caused by food insecurity.

“Clash between hunger and malnutrition is not caused by insufficient food, instead, it is because certain categories of individuals and households do not have adequate access to food.

“Food insecurity affects both humans and livestock, an attempt for herders to seek for feed for their livestock has led to clash between them and farmers,’’ she said.

Babangida noted that clash, if not well managed could escalate to greater crisis, stressing that it was on that basis that the Federal Government was promoting yam production through the use of sack to ensure food security and address insecurity.

She explained that the innovation had made it possible for all year round production of yams and allowed for the use of small spaces in and around the homes.

“Nigeria is listed by the Food and Agriculture Organisation (FAO) as one of the 20 countries where acute hunger is expected to soar, we must do everything to avert this prediction.

Meanwhile, Iyere-Usiahon, the yam desk officer in the ministry told newsmen that the innovation involved planting of yam of any specie in bag filled with soil and kept anywhere around the home.

She noted that any variety of yams could be planted using the technique which is also allowed for all seasons planting.

One of the participants, Mr Shadrack Nkwuda commended the Federal Government for the initiative, noting that the innovation would boost yam production in the state. (NAN)
Rabi’u Sani Ali

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Nigeria, UK Move to Close £1.2bn Trade Data Gap with Digital Customs Pact

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Nigeria and the United Kingdom have agreed to deepen customs cooperation through a new digital data-sharing framework aimed at resolving a £1.2 billion discrepancy in bilateral trade figures, a longstanding issue affecting transparency and efficiency between both economies.

The agreement was reached during a high-level meeting in London on March 18, 2026, held on the sidelines of President Bola Tinubu’s state visit under the Nigeria–UK Enhanced Trade and Investment Partnership (ETIP).

According to the Nigeria Customs Service (NCS), the talks brought together Comptroller-General Adewale Adeniyi and Ms. Megan Shaw, Head of International Customs and Border Engagement at His Majesty’s Revenue and Customs (HMRC), with discussions focused on customs modernisation, trade data transparency, and operational collaboration.

At the centre of the engagement is a significant mismatch in trade statistics. Nigeria recorded about £504 million worth of imports from the UK in 2024, while UK data shows exports to Nigeria at approximately £1.7 billion over the same period — leaving a gap of roughly £1.2 billion.

Both sides described the discrepancy as structural and agreed on coordinated measures to address it. Chief among these is the proposed implementation of a pre-arrival data exchange system, which will connect digital customs platforms in both countries to improve data accuracy, strengthen risk management, and enhance compliance monitoring.

Adeniyi emphasised that stronger customs collaboration is vital for economic growth and sustainable trade, noting that customs authorities play a key role in ensuring secure and transparent cross-border trade flows.

The meeting also highlighted advancements in customs technology, with the UK showcasing artificial intelligence-driven tools, digital verification systems, and real-time analytics designed to improve cargo processing, risk assessment, and border security.

In addition to addressing the data gap, both countries agreed on several strategic initiatives, including the development of a Customs Mutual Administrative Assistance Framework, technical cooperation on capacity building, and the establishment of a joint engagement mechanism under ETIP.

The NCS said the outcomes of the meeting would enhance operational efficiency, boost trade facilitation, and support Nigeria’s broader economic reform agenda, positioning the country for improved competitiveness in global trade.

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Nigeria’s “Shockproof” Economy: Cardoso Signals New Era of Stability to London Investors

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Central Bank of Nigeria (CBN) Governor Olayemi Cardoso issued a bullish assessment of the nation’s financial health yesterday, declaring that aggressive institutional reforms and disciplined monetary policy have built a “stronger capacity” to withstand global economic volatility.

Speaking at the Africa Capital Forum—held on the sidelines of President Bola Ahmed Tinubu’s state visit to the United Kingdom—Cardoso painted a picture of a Nigerian economy transitioning from a period of emergency stabilization to one of sustained investment.

A Fortress Against Volatility

The Governor’s address focused heavily on the “de-risking” of the Nigerian financial system. By emphasizing a shift toward a predictable policy framework, Cardoso aimed to reassure international stakeholders that the days of opaque, discretionary decision-making are ending.

“We are reviewing our policies with a view to developing meaningful policies and establishing a predictable policy framework to minimise discretion,” Cardoso stated, noting that consistency is the primary tool for reducing investor uncertainty.

The Governor highlighted several critical milestones achieved under the current administration’s reform agenda:

Banking Recapitalization: The CBN reported that over 30 banks have already met new capital requirements.

Notably, 28% of the newly raised funds originated from foreign investors—a metric Cardoso cited as a clear vote of international confidence.

FX Transparency: A new foreign exchange manual has been deployed, stripping away previous restrictions to boost liquidity and simplify operations for multinational businesses.

Remittance Surge: Increased diaspora remittances have bolstered foreign exchange reserves, providing a crucial buffer against external shocks.

Fiscal-Monetary Synergy: In a departure from previous friction, Cardoso noted that the inclusion of fiscal authorities on the CBN Board and the Monetary Policy Committee (MPC) has synchronized the nation’s broader economic strategy.

The Digital Frontier: “Vision for Nigeria”

Looking ahead, the Governor announced the completion of a new Payments System Vision. This initiative aims to cement Nigeria’s status as the continental leader in digital payments and cross-border transactions, specifically targeting the removal of regulatory hurdles for the nation’s burgeoning fintech sector.

 

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Tinubu Swears in Taiwo Oyedele as Minister of State for Finance

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President Bola Ahmed Tinubu and Taiwo Oyedele
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President Bola Ahmed Tinubu on Monday swore in Taiwo Oyedele as Minister of State for Finance, praising his experience, dedication, and professionalism in public service.

Speaking shortly after the brief ceremony at the Presidential Villa in Abuja, the president described the appointment as a vote of confidence in Oyedele’s competence and commitment to national development.

Tinubu commended the new minister for his role in coordinating the work of the Presidential Committee on Fiscal Policy and Tax Reforms, noting that his expertise and deep knowledge of tax policy had been instrumental in shaping reforms aimed at simplifying Nigeria’s tax system, expanding the revenue base, and improving the business environment.

“We are very proud of your knowledge, your simplicity, ambition, and excellence,” the president said, while also acknowledging the support of Oyedele’s wife, whom he praised for standing by him despite the demands of public service.

Tinubu said Oyedele’s dedication, patience, and determination to serve the country made him well suited for the role, adding that the position carries significant responsibility at a time when Nigeria is pursuing economic stability and growth.

According to the president, the new minister’s efforts in reforming Nigeria’s tax framework have helped address policies he described as outdated and inconsistent with progressive economic thinking.

Oyedele, who hails from Ikaram in Akoko area of Ondo State, is an economist, accountant, and public policy expert.

He obtained a Higher National Diploma in Accountancy and Finance from Yaba College of Technology and later earned a Bachelor of Science degree in Applied Accounting from Oxford Brookes University.

He has also completed executive education programmes at London School of Economics, Yale University, Gordon Institute of Business Science, and Harvard Kennedy School.

Before his appointment, Oyedele spent 22 years at PricewaterhouseCoopers, where he joined in 2001 and rose to become Fiscal Policy Partner and Africa Tax Leader.

He also serves as a professor at Babcock University in Ogun State and as a visiting scholar at Lagos Business School.

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