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USAID awards Nigerian firm N592m grant to boost agriculture

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The United States Agency for International Development (USAID) has awarded N592 million grant to a Nigerian firm, LoftyInc Allied Partners Limited to enhance investment in agriculture.

Mr Michael Oluwagbemi, the Executive Partner of LoftyInc, said this in a statement on Monday.

Oluwagbemi said the money was a co-investment grant by the USAID-funded West Africa Trade and Investment Hub (Trade Hub).

According to him, the grant is aimed at inaugurating “Project Sparrow”, an initiative developed to reduce the risk of local and global investments in selected agribusiness and agritech companies in Nigeria.

He said that it would help the selected companies achieve higher productivity, better returns, inclusive growth and access to finance.

“Through assistance provided to these companies, Project Sparrow will achieve its overall goal of supporting the improvement of Nigerian smallholder farmers’ productivity and livelihoods in the U.S. Government’s “Feed the Future States” and select value chains.

“Project Sparrow is expected to positively impact more than 50 direct beneficiaries and a total of 25,000 smallholder farmers while creating 4,000 jobs,’’ he said.

Oluwagbemi added that in celebration of the project and its expected outcomes, LoftyInc had hosted a kick-off inauguration for the project in Abuja.

“The event brought together all stakeholders and leaders of agribusinesses in Nigeria, and staff representing financial institutions and other businesses that will support Project Sparrow.

“They include the Development Bank of Nigeria, the Nigeria Sovereign Wealth Investment Authority, the First City Monument Bank Plc, and Afrilabs,’’ he said.

He assured that LoftyInc was an innovation development company that supports start-up teams, innovation enterprises and social impact projects in Africa.

“The organisation is on a mission to contribute to the enhancement of lives by creatively investing in ideas and entrepreneurs, while positively changing the broader society.

“Access to funding has always posed a major challenge to innovative agric-focused start-ups and MSMEs in the country.

“The need to provide a solution to this challenge led to LoftyInc’s foray into innovation acceleration, angel investment, and venture capital, as well as microfinancing that provides various kinds of funding to novel business solutions covering various sectors of the economy,’’ he said.

The executive partner also said that Project Sparrow would provide incremental financing of 6.5 million dollars to more than 20 Micro, Small, and Medium Enterprises (MSMEs), most of which would be women or youth-led.

According to him, such support will make them better prepared for external funding.

Also speaking, Robin Wheeler, the Trade Hub’s Chief of Party, said he looked forward to seeing the long-term impact Project Sparrow would have in Nigeria.

“The Trade Hub and LotfyInc share the common goal of supporting small and medium-sized businesses to be drivers of economic growth in Nigeria.

“Project Sparrow represents an innovative and strategic way to accomplish this goal through not only giving high-potential companies much-needed access to finance, but the technical assistance and training needed to succeed as well. We are proud to support this project,” he said.
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The Trade Hub is a USAID-funded initiative.

It was designed to catalyse economic growth by collaborating with the private sector to generate new investment, create new jobs, and increase the value of regional and international exports in West Africa.

 

 

(NAN)

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Senate Confirms Taiwo Oyedele as Minister of State for Finance

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The Senate on Wednesday confirmed the nomination of Taiwo Oyedele as Minister of State for Finance following his screening before the upper legislative chamber.

Oyedele, a tax expert and former chairman of the Presidential Fiscal Policy and Tax Reforms Committee, was approved after lawmakers expressed confidence in his competence and professional experience. He is expected to replace Doris Uzoka-Anite in the role.

During the screening, Oyedele said his nomination offered him an opportunity to serve the country, noting that he had built his career in the private sector before advising the federal government on fiscal reforms.

He highlighted his experience at PricewaterhouseCoopers (PwC), where he served as Africa tax and policy leader with responsibility for more than 20 countries, adding that his work on international tax policy and economic reforms across more than 180 countries had prepared him to contribute to Nigeria’s economic transformation.

Oyedele also referenced his work as chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, noting that the committee had developed several reform initiatives, including four major tax reform laws recently passed by the National Assembly to modernise Nigeria’s fiscal framework and improve revenue generation.

He further emphasised the need for realistic budgeting, improved cash management and fiscal discipline, noting that delays in payments to contractors increase project costs and undermine trust in government, while reforms in tariff structures could encourage local manufacturing, create jobs and reduce reliance on imports.

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Tinubu Approves Posting of 65 Ambassadors, Sends Fani Kayode to Germany

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President Bola Ahmed Tinubu
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President Bola Ahmed Tinubu has approved the posting of 65 ambassadors-designate to various countries and international missions, comprising 31 career diplomats and 34 non-career envoys.

The ambassadors were earlier confirmed by the Nigerian Senate in December.

According to a statement issued by the State House, the postings cover diplomatic missions across Africa, Europe, Asia, the Americas, and the United Nations.

Among the non-career ambassadors, former presidential aide Reno Omokri was posted to Mexico City, Mexico, while former Minister of Health Isaac Folorunso Adewole will serve as Nigeria’s envoy to Canada.

Former Minister of Interior Abdulrahman Bello Dambazau was posted to China, while businessman and former senator Jimoh Ibrahim was designated as Nigeria’s Permanent Representative to the United Nations.

Also among the nominees are former Lagos State deputy governor Olufemi Pedro, who will head Nigeria’s mission in Australia, and former intelligence chief Ayodele Oke, who has been posted to France.

Other non-career envoys include Femi Fani-Kayode to Germany, Fatima Florence Ajimobi to Austria, and Nora Ladi Daduut to South Korea.

In the career category, several seasoned diplomats were assigned to key missions, including Amb. Mohammed Mahmud Lele to Algeria, Amb. Abdussalam Habu Zayyad to Senegal, Amb. Haidara Mohammed Idris to the Netherlands, and Amb. Ibrahim Danlami to Kenya.

The statement noted that the Federal Ministry of Foreign Affairs (Nigeria) has already received agrément from the United Kingdom for Ambassador Aminu Dalhatu, who will serve as High Commissioner.

France has also granted agrément for Ambassador Ayodele Oke as Nigeria’s envoy to Paris.

According to the presidency, the ministry has communicated the nominations of the other 62 envoys to their respective host countries and requested agrément in line with diplomatic protocol.

President Tinubu also directed the Ministry of Foreign Affairs to immediately commence the induction programme for the ambassadors-designate and High Commissioners ahead of their deployment.

 

POSTINGS OF NON-CAREER AMBASSADORS / HIGH COMMISSIONERS

S/N NAME                        MISSION APPROVED

1.   SENATOR GRACE BENT: LOME-TOGO

2.   SEN. ITA ENANG: SOUTH AFRICA

3.   IKPEAZU VICTOR: SPAIN

4.   NKECHI LINDA UFOCHUKWU: TEL-AVIV, ISRAEL

5.   MAHMUD YAKUBU: QATAR

6.   PAUL OGA ADIKWU: THE VATICAN CITY HOLY SEE

7.   VICE ADMIRAL IBOK-ETE EKWE IBAS: THE PHILIPPINES

8.   MR. RENO OMOKRI: MEXICO CITY, MEXICO

9.   HON. (ENGR.) ABASI BRAIMAH (FMHR): BUDAPEST, HUNGARY

10.   MRS. ERELU ANGELA ADEBAYO: PORTUGAL

11.   BARR. OLUMILUA OLUWAYIMIKA AYOTUNWA: TOKYO, JAPAN

12.   RT. HON. UGWUANYI IFEANYI LAWRENCE: ATHENS, GREECE

13.   BARR. CHIOMA PRISCILLA OHAKIM: WARSAW, POLAND

14.   AMINU DALHATU: UNITED KINGDOM, UK

15.   LT. GEN  ABDULRAHMAN BELLO DAMBAZAU: BEIJING, CHINA

16.   HON. TASIU MUSA MAIGARI: GAMBIA

17.   OLUFEMI PEDRO: AUSTRALIA

18.   BARR. MUHAMMED UBANDOMA ALIYU: ARGENTINA

19.   LATEEF KAYODE ARE: USA

20.   AMB. JOSEPH SOLA IJI: RUSSIA

21.   SEN. JIMOH IBRAHIM: UN PERMANENT REPRESENTATIVE

22.   FEMI FANI KAYODE: GERMANY

23.   PROF. ISAAK FOLORUNSO ADEWOLE: OTTAWA, CANADA

24.   AJIMOBI FATIMA FLORENCE (F): AUSTRIA

25.   MRS. LOLA AKANDE (F): SWEDEN

26.   AYODELE OKE:  FRANCE

27.   YAKUBU N. GAMBO: SAUDI ARABIA

28.   SENATOR PROF. NORA LADI DADUUT: SEOUL, SOUTH KOREA

29.   BARR. ONUEZE CHUKWUJIKA JOE OKOCHA SAN: DUBLIN

30.   DR. KULU HARUNA ABUBAKAR: TUNIS, TUNISIA

31.   RT. HON. JERRY SAMUEL MANWE: PORT OF SPAIN, T&T

POSTINGS OF CAREER AMBASSADORS / HIGH COMMISSIONERS LIST

S/N NAME MISSION APPROVED

1. AMB. NWABIOLA EZENWA CHUKWUMEKA: COTE D’IV/OIRE

2. BESTO MAIMUNA IBRAHIM: NIAMEY-NIGER

3. MONICA OKWUCHUKWU ENEBECHI: SAO TOME, STP

4. AMB. MOHAMMED MAHMUD LELE: ALGIERS-ALGERIA

5. ENDONI SYNDOPH PAEBI: OUAGADOUGOU-BURKINA FASO

6. AHMED MOHAMMED MONGUNO: CAIRO EGYPT

7. AMB.JANE ADAMS (NEE OKON) MICHAEL (F): KINGSTON-JAMAICA

8. AMB. CLARK-OMERU ALEXANDRA (F): LUSAKA-ZAMBIA

9. CHIMA GEOGGREY LIOMA DAVID: BAMAKO-MALI

10. AMB. ODUMAH YVONNE EHINOSEN: MALABO –E/GUINEA

11. AMB WASA SEGUN IGE: BEIRUT, LEBANON

12. RUBEN ABIMBOLA SAMUEL (F): ROME, ITALY

13. AMB.ONAGA OGECHUKWU KINGSLEY: MAPUTO, MOZAMBIQUE

14. AMB.MAGAJI UMAR: KINSASHA, DR CONGO

15. AMB.MUHAMMAD SAIDU DAHIRU: NEW DELHI-INDIA

16. AMB. ABDUSSALAM HABU ZAYYAD: DAKAR-SENEGAL

17. AMB SHEHU ILU BARDE: ACCRA GHANA

18. AMB.AMINU NASIR: ETHIOPIA

19. ABUBAKAR MUSA MUSA: N’DJAMENA, CHAD

20. AMB. HAIDARA MOHAMMED IDRIS: THE HAGUE-NETHERLANDS

21. AMB.BAKO ADAMU UMAR: RABAT-MOROCCO

22. AMB. SULU GAMBARI OLATUNJI AHMED: MALAYSIA

23. AMB.ROMATA MOHAMMED OMOBOLANLE (F): TANZANIA

24. AMB. SHAGA JOHN SHAMAH: BOTSWANA

25. SALAU, HAMZA MOHAMMED: TEHRAN, IRAN

26. AMB.IBRAHIM DANLAMI: KENYA

27. IBRAHIM ADEOLA MOPELOLA (F): COTONOU-BENIN

28. AMB.AYENI ADEBAYO EMMANUEL: BRUSSELS, BELGIUM

29. AMB.AKANDE WAHAB ADEKOLA: BERNE-SWITZERLAND

30. AMB. AREWA (NEE ADEDOKUN) ESTHER (F): WINDHOEK-NAMIBIA

31. AMB.GERGADI JOSEPH JOHN: LIBREVILLE-GABON

32. AMB. LUTHER OGBOMODE AYO-KALATA (F): SIERRA LEONE

33. DANLADI YAKUBU NYAKU : KHARTOUM-SUDAN

34. BELLO DOGON-DAJI HALIRU: BANGKOK, THAILAND

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Tinubu Orders Suspension of Cashless Payment System at Nigerian Airports

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President Bola Ahmed Tinubu
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President Bola Ahmed Tinubu has directed the immediate suspension of the cashless payment system recently introduced at airports across the country.

The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this on Wednesday, March 4, while briefing State House correspondents after the Federal Executive Council meeting held at the Presidential Villa in Abuja.

According to Keyamo, the President ordered that the system be reviewed to ensure it operates efficiently without causing inconvenience to travellers.

“He directed that we go back to the drawing board, suspend the present system, and perfect a system that will work perfectly without putting unnecessary pressure on citizens,” the minister said.

Keyamo added that the review may involve collaboration with the private sector to develop a more seamless payment framework. In the interim, a hybrid system will be adopted, allowing travellers with payment cards to continue using them, while cash payments will also be accepted.

The cashless payment system was introduced this week by the Federal Airports Authority of Nigeria at the Lagos and Abuja airports. However, its rollout led to long queues and delays, prompting the President’s intervention.

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