How local content can solve unemployment problem

Charles Nwaoguji;, +234 8032715118

Stakeholders in industrial sectors have said that the adoption and implementation of local content policies in key sectors of the Nigerian economy can address the high unemployment rate in the country.

Those who spoke to Daily Sun  , recently  regretted that for many years, until lately, Nigeria had regarded crude oil as a commodity, instead of a resource – a situation which resulted in the loss of all in-country value adding activities and opportunity to capture the full benefits of the derivatives of crude oil.

According to the Managing Director/CEO  of  Patchib Energy Resources Limited, Mr. Patrick Iwuagwu  the enactment of Local Content Law in the oil and gas industry and its implementation has become a game changer, helping Nigeria to claw back work, services and spend which used to leave the country to other parts of the world.

He reiterated that the essence of local content policy is “domiciliation…

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Drip irrigation panacea for dry season farming woes –Walumbe

As effect of the dry season begins to take its toll on cultivated farmlands across the country, farmers have been urged to embrace drip irrigation method as a way out of the challenge and deliver better crop yield.

“Undoubtedly, one of the most critical issues at the onset of the dry season beside insects and pests is the question of irrigation. And it is the same headache with every farmer at this period of the year, whether large, medium or the smallholder farmer. I believe drip irrigation provides the best solution to this problem,” Oscar Walumbe, Integrated Country Project Manager, Dizengoff Nigeria, declared while speaking at the sidelines of the recent farmers’ summit held in Abuja.

According to him, “drip irrigation offers the most cost-effective and efficient irrigation method that can be adapted by farmers across the country whether large, medium or smallholders, to address the perennial problem associated with dry season farming.  It is one sure method, if well…

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Nigeria to reduce wheat importation by 60% from 2025

…As Flour Mills backs high yielding seed

Nigeria has put plans in place to reduce wheat importation by 60 per cent by 2025 as the Flour Mills Nigeria (FMN) has initiated and supported the production of improved and high yielding wheat seed in Jigawa and Kano states. The Team Leader, Wheat Value Chain in Nigeria and Executive Director, Lake Chad Research Institute, Dr. Oluwasina Olabanji, stated this recently after inspection of wheat seed production farms in Ringim and Hadejia Local Government Areas of Jigawa.

According to him, the firm had supported farmers with seed and fertiliser to cultivate 45 hectares of the improved seed, with 30 hectares in Kano and 15 in Jigawa. He said seed was critical to crop production, hence the need to support and encourage its production.

However, Olabanji described lack of adequate seed as a major challenge in the value chain agenda in Nigeria, adding, “we are here today for a farm work on wheat seed production. This project is the initiative…

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How Farmcrowdy tech drives investor, farmers’ income

Steve Agbota; 08033302331

Technological changes have been the major driving force for increasing agricultural productivity and development around the world. In the past, the choice of technologies and their adoption was to increase production, productivity and farm incomes.

Agriculture has a rich tradition of embracing technology to improve crop production, revolutionise how farmers run their business, and change the face of rural communities, just as Farmcrowdy is currently doing in Nigeria through its technological innovations.

It is on record that innovations such as the invention of the plow, refrigerated railcars, and the internet all have played pivotal roles in helping farmers become very productive in the advanced countries like US. This is exactly what Farmcrowdy is trying to replicate in Nigeria to boost food security.

Just as innovations in digital farming technology are helping smallholder farmers around the world produce more crops and feed their…

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$100 per barrel oil price not in our best interest –Amieye-Ofori, Energia CEO

Adewale Sanyaolu

Contrary to the lamentations of some stakeholders that the drop in oil prices was a major setback to the oil and gas industry, the Managing Director and Chief Executive Officer (CEO) of Energia Limited, Mr. Felix Amieye-Ofori, has a different view of such a development.

In this interview, the operator of the Energia/Oando Joint Venture Oil Mining Lease (OML) 56 Ebendo/Obodeti Marginal Fields located in the southern Delta Basin in Delta State, maintained that oil prices at $100 per barrel or more would not augur well for the industry as it would spike other ancillary costs.

He explained that with oil prices above the $100 threshold, margins that ought to accrue to investors would have been eroded, saying “with oil prices at $60 per barrel, you could make more profit than it selling at $100 per barrel. That is just the reality,” he argued.

Amieye-Ofori equally spoke on the cost of oil production, which the Nigerian National Petroleum Corporation (NNPC) recently…

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Beer, cigarette industries workers jittery over FG’s duty hike

…20,000 job losses, shutdowns expected

Bimbola Oyesola

As the Federal Government looks forward to bolster its resources with more revenues  from its June 4 raise of excise duty on alcoholic beverages and tobacco, stakeholders including the organised Labour have warned the policy may be detrimental to the economy at the end of the day. They are concerned that an expected 20,000 jobs may be on the line when the policy is fully implemented.

The Finance Minister, Kemi Adeosun, while announcing the new tariff hike last month said the new excise duty rates were spread over a three-year period from 2018 to 2020, to moderate the impact on prices of the products.

Though she explained that the new excise duty regimes followed all-inclusive stakeholder engagements by the Tariff Technical Committee of the Federal Ministry of Finance with key industry stakeholders, the furore and reactions that it had generated so far have proven this to be untrue.

Federal Government view

From the Federal…

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Kenya Airways sacks 22 Nigerian workers

…Aviation unions spoil for war

Louis Ibah

Kenya Airways at the weekend sacked about 22 of its Nigerian workers in an unprecedented move that has infuriated aviation union workers who have vowed to disrupt the airline’s operations in the country from Monday (today).

A source close to the airline told Daily Sun  that the affected staff were issued their disengagement letters over the weekend at the airline’s office in Lagos in the presence of stern looking Policemen engaged by the airline to forestall any violent protest or possible breakdown of law and order by the sacked workers. 

“Only four Nigerian staff are at present retained by the management of the airline after the retrenchment exercise that affected 22 workers across board,” the source said.                    

“The affected staff were only given four weeks wages on disengagement by the management, and this is one of the reasons that the industry unions are annoyed with the airline,” the source…

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I’ll renounce my citizenship, lecturer threatens

A lecturer at the Department of Ceramics and Glass Technology, Akanu Ibiam Federal Polytechnic, Mr. Victor Koreyo, has declared his intention to renounce his Nigerian citizenship for what he called ‘social injustice.’

Koreyo in a letter to President Muhammadu Buhari, made available to the News Agency of Nigeria in Abuja, said he was demoted for a period of eight years by the management of the institution and urged the President to endorse his request.

NAN discovered that a directive was given by the Federal Government in 2007, asking all lecturers to produce additional qualification relevant to the job they do.

It was gathered that the 7th Governing Council of the institution gave Koreyo two years to produce a foreign institution-issued master’s degree in Ceramic Science and Engineering or he would be dismissed from service.

Koreyo, from Nasarawa State, said the management of the polytechnic refused to communicate the information to him in writing.

He alleged that since…

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