Category: Business

  • Weeldrop petroleum opens another branch in Ibadan

    Weeldrop petroleum opens another branch in Ibadan

    Weeldrop Petroleum has  strengthened its presence in Ibadan, the Oyo State capital, with the commissioning of a new outlet, located in the Jericho area of the city.

    The new station, commissioned on Tuesday, is situated beside the Federal College of Forestry, Jericho, and adds to the company’s growing network of petroleum outlets across Ibadan.

    With this latest addition, Weeldrop Petroleum now operates  branches at Oyo Housing Corporation, Bodija; Orita Challenge; Agodi; Oremeji; Ashi; Akobo; Olaogun; Brewery Junction; Jemibewon Road and now Jericho.

    The newly commissioned outlet is equipped with modern dispensing facilities, an auto-care section for vehicle servicing, and a contemporary supermarket offering beverages, groceries, and household items for customer convenience.

    Read Also: Industrialist hails Dangote for intervening in petroleum sector

    Speaking shortly after the commissioning, the Chairman of Weeldrop Petroleum, Mr. ‘Wale Oladiti, described the Jericho branch as a direct response to growing public demands for affordable and quality fuel within the area.

    According to Oladiti, the company remains committed to delivering high-quality petroleum products at some of the most competitive prices in Ibadan. He noted that while fuel from the Dangote Refinery sells at ₦739 per litre, Weeldrop Petroleum currently retails petrol at ₦734 per litre.

    “We have seen different people from every part of Ibadan clamouring for our services. This location was acquired from the government, and when you check our prices, it is one of the cheapest you can see around. Even Dangote sells at ₦739 per litre and we sell for ₦734 naira per litre with a very good meter system.

    “Coming to this place is like saying yes to people who understand what we stand for. We are across major places in Ibadan, but who are we to say no if you call us to bring our quality to your locality? Our PMS is ₦734, our LPG is ₦1050, and AGO is ₦990 Naira per liter,” he added.

  • Seplat Energy seeks responsible operations

    Seplat Energy seeks responsible operations

    Seplat Energy Plc has reaffirmed that oil and gas will remain integral to Nigeria’s energy mix for the foreseeable future, while emphasising the imperative for operators to run their businesses responsibly, efficiently and sustainably.

    The company’s position was outlined by its Director, Gas & New Energy, Okechukwu Mba, who represented Chief Executive Officer, Roger Brown, at a high-level climate roundtable organised by the Nigerian Exchange Group (NGX Group) in partnership with DEG, Germany’s development finance institution, and Africa Foresight Group (AFG), in Lagos.

    Speaking at the forum, Mba said the central question confronting Nigeria’s energy sector is not the continued relevance of oil and gas, but how industry players manage their environmental, social and economic responsibilities.

    “Oil and gas will remain an important part of Nigeria’s energy mix for some time. The real issue is not whether the industry should exist, but how operators conduct themselves responsibly,” he said.

    He noted that responsible operations must go beyond rhetoric and be anchored on measurable actions such as improved efficiency, reduced emissions and credible offsetting strategies.

    Mba explained that Seplat Energy has already translated this commitment into concrete outcomes. He disclosed that the company launched a comprehensive programme several years ago to eliminate routine gas flaring across its onshore assets, adding that all the projects required to achieve this objective had been completed and were currently at the commissioning stage.

    Read Also: Seplat Energy empowers 25 journalists in Imo

    “Very soon, we will be able to state clearly that routine flaring has ended in our onshore operations. This is a significant milestone that reflects our environmental stewardship, while continuing to deliver energy to the nation,” he said.

    He further highlighted the company’s deployment of technology to improve operational efficiency, including real-time emissions monitoring across pipelines, valves, processing plants and other critical infrastructure. This, he said, is complemented by a robust asset integrity programme aimed at identifying and eliminating emissions sources.

    Beyond operational controls, Mba said Seplat Energy is also pursuing nature-based solutions to offset emissions. In one of its host communities in Edo State, the company has launched an afforestation initiative committing to plant millions of trees over a five-year period, with the first phase already completed.

    He also pointed to Seplat Energy’s investments in gas and LPG infrastructure as part of efforts to drive emissions reduction beyond its direct operations. According to him, expanded access to LPG helps reduce dependence on firewood, charcoal and other biomass fuels, particularly in peri-urban and rural communities.

    Following the company’s offshore acquisition, Mba noted that LPG volumes previously exported are now being channelled into the domestic market, significantly improving availability, affordability and overall market quality.

    On the broader energy transition, he underscored the critical role of financing, especially for gas and gas-to-power projects. He noted that while the national grid delivers only about five gigawatts of electricity, a much larger share of power consumption is met through self-generation using petrol and diesel generators, which have far higher emissions.

    “If we replace these inefficient power sources with gas-powered solutions, we can achieve significant decarbonisation. However, without adequate financing, such projects will not materialise and the benefits will be lost,” he said.

    The event also marked the launch of the NGX Net-Zero Programme (N-Zero), an initiative designed to support listed companies in defining credible net-zero pathways, strengthening climate-related disclosures and aligning with global investor expectations. The programme is projected to unlock between $2.5 billion and $3.1 billion in climate-linked capital for Nigerian companies.

    Speaking at the launch, Group Chairman of NGX Group, Umaru Kwairanga, said Africa’s capital markets must play a leading role in advancing climate action and sustainable growth, adding that the N-Zero Programme would help companies move from ambition to measurable impact.

    Also speaking, Group Managing Director of NGX Group, Temi Popoola, noted that climate risk has become a key factor in global valuation and capital allocation decisions, while Monika Beck, a member of the Management Board of DEG, said the partnership aligns with DEG’s strategy of mobilising private capital to accelerate climate action while delivering tangible development outcomes.

  • Water security takes centre stage at Berlin confab

    Water security takes centre stage at Berlin confab

    Agriculture ministers from 59 countries converged in Berlin for the 18th Berlin Agriculture Ministers’ Conference under the Global Forum for Food and Agriculture (GFFA), issuing a strong call for urgent global action to secure water for food production in the face of mounting climate, environmental, and demographic pressures.

    Meeting under the theme “Water. Harvests. Our Future,” the ministers warned that water stress has become one of the defining threats of the 21st century, already affecting more than two billion people worldwide and placing unprecedented strain on agriculture, fisheries, and aquaculture, which remain the backbone of global food security

    In their final communiqué, the ministers stressed that while agriculture is the largest user of freshwater globally, it also plays a decisive role in the water cycle and in delivering ecosystem services essential for sustainable development. Climate change, biodiversity loss, pollution, and unsustainable consumption patterns were identified as key drivers intensifying both water scarcity and excesses such as flooding. Against this backdrop, the conference positioned agriculture not as a passive victim of water crises but as a central actor in shaping international water policy, arguing that food systems must sit at the heart of global water governance if the world is to meet future demand safely and equitably

    Building on momentum from recent global initiatives, including the UN Water Action Decade and preparations for the 2026 UN Water Conference, ministers committed to aligning agricultural water management with major international frameworks such as the Sustainable Development Goals, the Paris Agreement, the Convention on Biological Diversity, and the UN Convention to Combat Desertification.

    Particular emphasis was placed on improving water-use efficiency through context-specific solutions ranging from precision irrigation and water-saving technologies to sustainable soil management, wastewater reuse, and reductions in food loss and waste. The communiqué underscored that boosting productivity must go hand in hand with protecting public health, food safety, and ecosystems

    The conference also highlighted the growing risks posed by both water scarcity and excess water, calling for stronger investment in flood risk management, water harvesting, retention infrastructure, and nature-based solutions such as wetland restoration and sustainable forest management. Ministers warned that continued deforestation and land degradation are undermining water quality and availability, with direct consequences for agricultural productivity and rural livelihoods.

     In response, they pledged to promote regenerative and conservation agriculture, agroecology, and climate-resilient practices that strengthen soil health and water infiltration while safeguarding biodiversity

     A significant pillar of the communiqué focused on innovation, research, and finance. Ministers emphasized the role of digital tools, artificial intelligence, and improved data systems in closing information gaps around water availability, climate risk, and agricultural performance. They called for scaled-up public and private investment in resilient infrastructure and renewable energy solutions that enable efficient water management. In parallel, the conference reaffirmed support for a sustainable blue bioeconomy, recognizing the potential of fisheries, aquaculture, algae production, and aquatic biomass to enhance food security, diversify incomes, and reduce pressure on land-based resources while contributing to a circular economy.

    Read Also: Niger Delta Blue Economy partners Caverton to promote safer, climate-friendly water transport

    Looking beyond sectoral boundaries, the ministers stressed that competition over water resources can only be managed through integrated, cross-sectoral, and transboundary cooperation. They endorsed integrated water resources management and participatory allocation systems that ensure equitable access for vulnerable groups, including smallholder farmers, Indigenous Peoples, women, and youth. Access to water was reaffirmed as a human right and a foundation for social stability, with the communiqué warning that water and food insecurity can fuel unrest and migration if left unaddressed.

    The communiqué concluded with a strong appeal to the international community ahead of the 2026 UN Water Conference, co-hosted by the United Arab Emirates and Senegal, urging governments and global institutions to elevate agriculture, fisheries, and aquaculture within water policy decisions. Reaffirming solidarity and shared responsibility, the ministers declared that no food can be produced without water and pledged continued cooperation to equip farmers with the tools needed to produce more food with ever-scarcer water resources.

    The participating countries at the conference were Albania, Angola, Armenia, Belgium, Botswana, Brazil, Bulgaria, Burundi, Cambodia, the Central African Republic, Croatia, Cyprus, Czechia, the Democratic Republic of the Congo, Ecuador, Estonia, Fiji, Finland, France, Germany, Hungary, India, Indonesia, Iraq, Ireland, Japan, Kazakhstan, Kosovo, Latvia, Lebanon, Lithuania, Luxembourg, Malawi, Malta, Mongolia, Montenegro, Morocco, the Netherlands, North Macedonia, Norway, Pakistan, the Philippines, Poland, Portugal, Qatar, the Republic of Moldova, Romania, Sierra Leone, Slovenia, Somalia, South Africa, Spain, Switzerland, the Syrian Arab Republic, Ukraine, the United Arab Emirates, the United Kingdom, the United Republic of Tanzania, and Uzbekistan.

  • Shippers’ Council Board inaugurated

    Shippers’ Council Board inaugurated

    The Federal Government has inaugurated a new Governing Board for the Nigerian Shippers’ Council (NSC), in a move aimed at tightening oversight of port pricing, charges and service delivery to reduce the cost of doing business at the nation’s seaports.

    The Minister of Marine and Blue Economy, Adegboyega Oyetola, inaugurated the board yesterday in Abuja, charging members to drive accountability and regulatory reforms critical to improving port efficiency and the country’s competitiveness in regional and global trade.

    Speaking at the inauguration, Oyetola said the constitution of the board, approved by President Bola Tinubu, aligns with the administration’s Renewed Hope Agenda and reflects a renewed focus on governance and institutional effectiveness within the marine and blue economy.

    He described the Shippers’ Council as central to ongoing efforts to rein in arbitrary charges and improve transparency across port operations, noting that effective economic regulation remains key to trade facilitation and logistics cost reduction.

    “As the designated Port Economic Regulator, the Nigerian Shippers’ Council occupies a critical position in promoting efficiency, fairness and transparency in port pricing, charges and service delivery,” Oyetola said.

    Read Also: Shippers’ Council opts for alternative dispute resolutions

    The minister said persistent inefficiencies and high port charges undermine Nigeria’s trade competitiveness and raise logistics costs for manufacturers, exporters and importers, stressing that the new board must ensure regulatory decisions translate into measurable outcomes.

    Oyetola tasked the board with providing strategic direction and policy guidance, while exercising vigilant oversight in line with statutory provisions. He urged members to work closely with the council’s management and ensure that board deliberations deliver concrete gains in trade facilitation and sector competitiveness.

    “Every meeting and decision must deliver measurable outcomes in cost reduction, improved port performance and enhanced competitiveness,” he added.

    The board is chaired by the former governor of Katsina State, Dr Ibrahim Shehu Shema.

    Other members include the Executive Secretary and Chief Executive Officer of the Shippers’ Council, Dr Pius Akutah; Dr Emi Membere-Otaji, representing the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture

    (NACCIMA); Mr John Aluya, representing the Manufacturers Association of Nigeria; Rt Hon Chiji Collins; Mrs Olufunmilayo Olaseinde; Dr Funmilola Rashidat Adeoti; Alhaji Mele Kofo Gladem; Mrs Hafsatu Mohammed, representing the Nigerian National Petroleum Corporation Limited (NNPCL); Hon Maharazu Adamu Dayi; and Mrs Uzoamaka Okereke, representing the Ministry of Marine and Blue Economy.

    Responding on behalf of the board, Shema thanked President Tinubu for the appointment and pledged that members would discharge their responsibilities with professionalism and integrity.

    “We are committed to providing effective oversight, strengthening regulatory efficiency and supporting initiatives that will enhance port performance and trade facilitation,” Shema said.

    He added that the board would work closely with the ministry and management of the council to deliver tangible outcomes for shippers and the wider economy.

    The Nigerian Shippers’ Council serves as the country’s port economic regulator, with responsibility for promoting efficiency, transparency and fairness in port operations, while protecting shippers’ interests and improving the overall maritime trade environment.

  • Non-oil export rises 11.5% to $6.1b

    Non-oil export rises 11.5% to $6.1b

    The Executive Director, CEO Nigerian Export Promotion Council (NEPC), Nonye Ayeni has disclosed that Nigerian Non-oil export performance in 2025 reached an all-time high $6.1 billion, representing a year increase of about 11.5per cent over  the$5.46 billion recorded in 2024.

    The ED disclosed this during a press briefing on the performance of non-oil export for 2025-2026 in Abuja, stating that this marks the highest non-oil export value achieved in the country for formal documented trade since the inception of the Council which has so far beaten the council’s  record and underscoring the growing resilience and relevance of the non-oil export sector to Nigeria’s economy.

    Ayeni reaffirmed the council’s commitment to ensuring it recalibrated and re-strategized to be able to achieve much more superlative performance, noting that with this performance, Nigeria has beaten its own record once again. “You will recall that in 2024, and also last year in 2025, Nigeria recorded the highest value of non-oil export,” she said, while assuring that the ‘Double Your Export mantra’ and the initiatives layered under it are yielding great results.

    She said: “This outstanding performance is not the total story as a lot of exports still go out informally through our various borders. NEPC is in partnership with the National Bureau of Statistics and the Central Bank of Nigeria, CBN, while the other stakeholders are working hard to mainstream informal trade.

    Read Also: Experts hinge $3b non-oil target on sunflower value chain

    “In volume terms, total non-oil exports stood at 8.02million metric tons, reflecting a 10per cent increase compared to the 7.29million metric tons recorded in the previous year. This growth in both value and volume demonstrates improved export activity across multiple value chains and market destinations.

    “In 2025, Nigeria exported a total of 281 non-oil products. These products cut across agricultural commodities, processed and semi-processed goods, industrial inputs, and solid minerals, reflecting gradual progress toward value addition and broader product representation in global markets.”

    The ED added that Nigeria’s non-oil exports reached markets across 120 countries, with the Netherlands contributing 17.53per cent, Brazil 10.35per cent, and India 7.63per cent of non-oil export. Therefore, these three countries emerged as the top three destinations by value.

    Export to Netherlands increased by 32.46per cent with products including cocoa beans, cocoa butter, sesame seeds and others. Export to Brazil increased by 19.07 per cent.

  • IMF raises Nigeria’s 2026 growth forecast to 4.4%

    IMF raises Nigeria’s 2026 growth forecast to 4.4%

    The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast for 2026 to 4.4 per cent, up from the 4.2 per cent projection released in October 2025.

    The revised outlook was contained in the IMF’s January 2026 update of the World Economic Outlook, which was unveiled yesterday. The adjustment reflects a more positive assessment of Nigeria’s medium-term growth prospects amid ongoing policy reforms and broader regional recovery.

    According to the Fund, the upgrade to Nigeria’s outlook forms part of its wider evaluation of global economic conditions, which it expects to remain relatively stable in the coming years. The IMF noted that Nigeria’s improved forecast aligns with gradual but broad-based economic strengthening across Sub-Saharan Africa rather than an isolated revision.

    Nigeria’s revised growth projection builds on a period of significant economic adjustment, characterised by policy reforms and sustained efforts to restore macroeconomic balance. In its October 2025 outlook, the IMF had cited concerns around inflationary pressures, fiscal constraints and structural bottlenecks as key risks to growth.

    Since then, Nigerian policymakers have continued to pursue reforms aimed at strengthening fiscal coordination, stabilising the macroeconomic environment and boosting productivity across critical sectors of the economy.

    Read Also: IMF, Nigeria discuss reforms, new development plan

    The Fund has consistently stressed that deepening structural reforms remains essential for achieving sustainable and inclusive growth in emerging and developing economies, including Nigeria.

    At the regional level, the IMF revised Sub-Saharan Africa’s growth outlook upward, from 4.0 per cent to 4.1 per cent for 2025, and from 4.3 per cent to 4.4 per cent for 2026, signalling a broadly shared recovery across the region.

    Globally, the Fund projects economic growth of 3.3 per cent in 2026 and 3.2 per cent in 2027, broadly in line with the estimated 3.3 per cent growth recorded in 2025. It attributed the relatively stable outlook to a balance between headwinds from shifting trade policies and tailwinds from technology-driven investment, including artificial intelligence, supported by accommodative financial conditions.

    The IMF also expects global inflation to continue its downward trend, with headline inflation projected to ease from 4.1 per cent in 2025 to 3.8 per cent in 2026, and further to 3.4 per cent in 2027.

  • NCC opens spectrum bands to boost digital economy

    NCC opens spectrum bands to boost digital economy

    The Nigerian Communications Commission (NCC) has commenced consultative engagements with critical stakeholders to open up new spectrum bands in support of President Bola Tinubu’s Renewed Hope Agenda for a trillion dollars digital economy.

    The NCC’s engagements/presentations are on the development of the Spectrum Roadmap 2026–2030, the guidelines for opening the lower 6 gigahertz (GHz) band for Wi-Fi 6, and the guidelines for opening the 60 GHz license-exempt band for multi-gigabit wireless systems.

    According to the Executive Vice Chairman/CEO of the NCC, Dr Aminu Maida, the demands for spectrum is not only rising in the telecom industry, its availability had become imperative for Nigeria’s accelerated growth and economic expansion.

    Addressing participants yesterday at the opening ceremony of the Consultative Forum at the Digital Economy Complex, Mbora, Abuja, Dr Maida said the Forum would create avenues for robust deliberations that would shape Nigeria’s digital future. Dr Maida was represented by the Head of Spectrum Administration, Atiku Lawal on the occasion.

    Dr Maida said the frameworks contained in the presentations reflected the commitment of the NCC towards building a communications ecosystem that is inclusive, innovative, resilient, and future-ready. He therefore encouraged participants and stakeholders to make critical inputs and contributions that would align with the vision of the present leadership for a robust economy.

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    He said: “At the heart of our sector lies an essential national resource: spectrum. Spectrum may be invisible, yet it is indispensable. It powers the connectivity behind our mobile phones, our broadband connections, our satellite services, emergency communications, financial platforms, and smart technologies.

    “Behind every video call, every digital transaction, every online classroom, and every connected device in Nigeria, there is spectrum at work.

    “But spectrum is also finite. Demand for it is rising rapidly, driven by data-intensive applications, cloud services, artificial intelligence, the Internet of Things, and the expanding digital needs of our economy.

    “These innovations require more spectrum, smarter planning, and more flexible regulatory approaches.”

    The NCC boss said the Spectrum Roadmap 2026 to 2030 was developed to ensure faster speeds, wider coverage, better service quality, stronger innovation and greater inclusion, assuring that more investments would be attracted to the economy with the development.

    He added that by opening the bands, the NCC was preparing the country “for the data demands of tomorrow—not just on mobile networks, but across homes, campuses, businesses, healthcare facilities, and public spaces.”

    In his keynote, the Executive Commissioner, Technical Services, of the NCC, Abraham Oshadami, said the management of spectrum requires transparency, prudence, and collaboration.

     “The way we plan, assign, and regulate spectrum will determine our nation’s ability to achieve our target, stimulate innovation, and strengthen global competitiveness,” Oshadami said.

    Oshadami who was represented by Maigana Gidado, the Head of Fixed Networks and Converged Services at the NCC, noted that Nigeria would continue to make meaningful progress in mobile broadband penetration, 5G rollout, and improvement in quality of service following the new openings and opportunities in the telecommunications ecosystem.

  • Indigenous engineers decry exclusion from infrastructure projects

    Indigenous engineers decry exclusion from infrastructure projects

    Indigenous engineers have decried their exclusion from infrastructure projects of the Federal Government. They say the development does not align with President Bola Tinubu’s Renewed Hope Agenda and the push for “Buy Nigeria First” policy of his administration.

    The engineers, acting under the aegis of Nigerian Society of Engineers (NSE), the group expressed concern that many government projects running into trillions of naira still exclude Nigerian engineers, often with costly consequences.

    Speaking during the inauguration of the Engr. Ali Alimasuya Rabiu as its 35th President, he said the Renewed Hope agenda offers a rare opportunity to reclaim engineering as the backbone of Nigeria’s industrial growth, stressing that no nation can build sustainably while sidelining its own professionals.

    Central to his vision was strong backing for the Buy Nigeria First policy, which he described as a historic chance to reposition Nigeria as Africa’s infrastructure and industrial hub.

    While noting that laws such as the COREN Act and Executive Order 5 already support this direction, he expressed concern that many government projects running into trillions of naira still exclude Nigerian engineers, often with costly consequences.

    “It may shock Mr. President to know that MDAs, especially infrastructure-related Ministries such as the Federal Ministries of Works, Power, Water Resources, and the Federal Capital Territory Administration, have largely observed these laws in the breach,” he said.

    He warned that weak enforcement has led to poor-quality delivery and inflated costs, and urged the President to ensure that Nigerian engineering consultants are compulsorily engaged in the design, supervision and certification of all major projects.

    Read Also: Expert urges engineers to prioritise safety, adhere to building codes

    According to him, engineering deserves the same level of institutional respect accorded to law and accounting in national decision-making.

    “Mr. President that engineering training and practice is regulated by the COREN Act, and that the Council is under the supervision of the Honourable Minister responsible for Works; but Sir, this arrangement appears to have become an albatross: the Federal Ministry of Works has failed or neglected to discharge its responsibilities towards building a sustainable engineering practice,” he said.

    In an address at his investiture, Engr. Rabiu made it clear this was not a routine change of guard but a defining moment for the profession.

    The new NSE President praised the immediate past President, Engr. Margaret Oguntala, for restoring visibility and professionalism to the Society, but warned that the next phase must go further, aligning engineering practice firmly with national priorities and public policy.

    Drawing from his experience as a former President of COREN, Engr. Rabiu said his return to leadership was driven by concern that the Society had drifted from its founding ideals.

    He pledged to rebuild the NSE into a standards-driven, ideas-led institution capable of shaping policy, driving innovation and delivering real value to both members and the nation.

    Beyond advocacy, the new NSE President outlined plans to strengthen professional capacity, support technical and vocational education and restore engineering’s influence in national planning and budgeting.

    The NSE President welcomed the Federal Government’s move to upgrade technical colleges nationwide, pledging the Society’s full support to develop skills, empower youths and reduce dependence on foreign technical labour.

    Engr. Rabiu called for unity, urging engineers to rise with a renewed sense of purpose.

    He said the reset of the Nigerian Society of Engineers is ultimately about delivering Nigerian solutions, by Nigerian professionals, for Nigeria’s future.

  • ‘Agric transformation key to economic security’

    ‘Agric transformation key to economic security’

    The Alliance for a Green Revolution in Africa (AGRA) has said Africa’s agricultural sector is not a regional development issue, but a central pillar of global food security, climate resilience, and economic stability.

    New data and policy signals suggested that failure to transform African agriculture could amplify hunger, environmental degradation, and geopolitical instability far beyond the continent.

    According to the organisation, agriculture remains the backbone of livelihoods across Africa, employing more than half of the population and underpinning rural economies. Yet the sector is under growing strain from climate shocks, land degradation, and underinvestment.

    The organisation said land degradation and fragmented landscapes are undermining ecosystem services such as water regulation and soil fertility, directly affecting agricultural productivity and rural incomes. AGRA cited the latest UN food security assessments, which estimated that 673 million people faced hunger globally in 2024. Africa, according to it accounts for a disproportionate share of this burden, with hunger prevalence exceeding 20 per cent and affecting more than 307 million people.

    The trends, it noted, placed the continent off track to meet Sustainable Development Goal 2 on Zero Hunger, even as Africa’s population is projected to reach 2.5 billion by 2050.

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    AGRA President Alice Ruhweza warned that treating hunger as a downstream humanitarian outcome rather than a strategic risk leads to delayed responses and higher long-term costs. Weak food systems, she noted, undermine health systems, erode human capital, and slow economic growth, creating a chain reaction that affects national and global stability.

    According to her, as the African Development Bank (AfDB) projects that  the country’s food and agriculture market could reach $1 trillion by 2030, the fear is  whether this growth exacerbates inequality and environmental degradation or instead regenerates ecosystems and strengthens rural economies.

    As global leaders gather at the World Economic Forum in Davos, she called for hunger and malnutrition to be formally recognised as systemic global risks.

    She urged governments, development banks, insurers, philanthropies, and agrifood companies to accelerate investment in climate adaptation for smallholders, including stress-tolerant seeds, climate information services, insurance and locally grounded extension systems.

  • NASRDA, EFCC to deploy intelligence against crime

    NASRDA, EFCC to deploy intelligence against crime

    National Space Research and Development Agency (NASRDA) and the Economic and Financial Crimes Commission (EFCC) have partnered to strengthen national security and enforce accountability in Nigeria’s expanding space sector.

    The two agencies have signed Memorandum of Understanding (MoU) at the Commission’s headquarters in Abuja.

    Director, Media and Corporate Communications of NASRDA, Dr Felix Ale, explained that Director-General of NASRDA, Dr. Matthew Adepoju stressed the importance of deploying geospatial intelligence in crime prevention. 

    He explained that the Space Agency is proud to partner with the EFCC to strengthen the implementation of national space regulations, improve spectrum management, and enhance oversight of activities within Nigeria’s rapidly expanding space ecosystem.

    Describing the MoU as a milestone for justice and accountability, the NASRDA boss emphasized that the agreement would ensure that both local and international organisations operating within Nigeria’s space sector fully comply with existing laws and regulatory frameworks.

    ‎Dr Adepoju further identified illegal mining as a major contributor to insecurity in the country, stressing that NASRDA remains committed to regulating operators across the upstream, midstream, and downstream segments of the space sector to ensure full legal compliance.

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    ‎According to him, the EFCC is the ideal partner for this mission, given the Commission’s strong leadership, sound institutional management, and proven track record under its current Chairman Mr Olanipekun Olukoyede.

    Dr. Adepoju said NASRDA will deploy advanced space and geospatial technologies to support the commission in carrying out its mandate more efficiently and in line with international best practice.

    ‎He described the partnership as the beginning of a new chapter for both institutions one that promises stronger enforcement, improved national security, a more transparent and compliant space sector in Nigeria.

    In his remarks, Mr. Olukoyede described the MoU as a clear demonstration of how inter-agency cooperation strengthens institutional capacity and makes mandate delivery more effective.

    He explained that a functional partnership between both parties would serve as a model for other ministries, departments, and agencies to embrace cooperation as a pathway to stronger governance and national advancement.

    ‎Mr Olukoyede said NASRDA would supply advanced technologies to strengthen the EFCC’s investigative and asset-tracking capabilities, while the Commission would apply its expertise to maximise the Agency’s fraud-risk intelligence.