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EU, Germany, Nigeria unveil €18.3m project to boost agriculture, job

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The Federal Government of Nigeria, in partnership with the Government of Germany and the European Union, officially launched the €18.3m EU-VACE TARED Project on Wednesday.

The project is a four-year initiative aimed at transforming Nigeria’s agricultural sector through climate-smart practices, job creation, and inclusive value chain development.

The EU-VACE TARED (Agriculture Value Chain Facility – Transformative Agricultural Systems for Rural Economic Development) project targets four critical agricultural value chains: cocoa, dairy, tomatoes, and ginger.

The project will run from October 2024 to September 2028 and will be implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH, in partnership with Nigeria’s Federal Ministry of Budget and National Planning, and the Federal Ministry of Agriculture and Food Security.

Seven states — Cross River, Kano, Kaduna, Kebbi, Ondo, Oyo, and Plateau — will serve as implementation hubs for the project, which seeks to enhance food security, promote innovation, and provide economic opportunities for women and youth.

Speaking during the launch, the Minister of State for Agriculture and Food Security, Aliyu Abdullahi, stressed the project’s alignment with the national agenda.

“This project definitely aligns with the Renewed Hope Agenda of President Bola Tinubu, in which food security, poverty eradication, economic growth and job creation, inclusivity, and access to finance are all critical components of that agenda,” he said.

“The EU-VACE TARED project provides us with a unique opportunity to address some of these challenges head-on. It will enhance coordination, promote value addition, and build systems that protect our farmers and consumers,” Abdullahi said.

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He also announced the formation of a project steering committee to ensure transparency and alignment with national priorities.

“This steering committee will not just exist on paper. It will be an engine of direction, innovation, and monitoring to guarantee that we can deliver measurable results,” he added.

Minister of Livestock Development, Idi Maiha, highlighted the project’s relevance to Nigeria’s livestock sector and broader agricultural goals.

Maiha stressed the importance of developing the dairy value chain, which he said aligns closely with the Ministry’s Livestock Growth Acceleration Strategy.

“Today, we spend $1.5 billion to import dairy and dairy products into the country. We do believe together we can change the narrative by ensuring that the sector is transformed in such a way that progressively we begin to reduce that level of import by creating local industries, employing people, improving quality of life, creating social harmony, and building peace across the land,” he said.

The Head of the European Union Delegation to Nigeria, Gautier Mignot, said the project is a key component of the EU’s Global Gateway strategy and Team Europe initiative, aimed at boosting sustainable development and economic resilience.

“Nigeria’s agricultural sector is rich with potential, and yet we know that it faces persistent challenges like weak access to funds, climate-related risk, and infrastructure deficit, among others.

“However, perhaps the most urgent challenge is generational, meaning how can we make agriculture attractive, viable, and promising for young Nigerians?” Mignot said.

“Our goal is clear. It is to foster inclusive, climate-smart, and commercially viable agriculture that creates decent jobs, especially for youth and women, while helping to build the next generation of what I would call agripreneurs,” he added.

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He confirmed that the EU is investing over “€87m through various agriculture and climate-resilient programmes” in Nigeria, with a broader Team Europe pipeline of nearly €1.5bn in green economy initiatives.

In his remarks, Deputy Head of Mission at the German Embassy Johannes Lehne reaffirmed Germany and the EU’s commitment to Nigeria’s development, describing the project as a strategic investment in the country’s agricultural future.

“This initiative is a testament to our long-standing cooperation with Nigeria,” Lehne stated. “It’s about more than funding—it’s about supporting sustainable development and transforming agri-food systems to create jobs, promote climate-smart farming, and empower local communities.”

The Deputy Country Director of GIZ Nigeria and Economic Community of West African States, Oladoyin Olawaiye, also emphasised the broader social impact of the initiative.

“EU-VACE TARED is about more than agriculture – it is about creating jobs, building resilience, and giving young Nigerians more opportunities to thrive at home.

“Together with our Nigerian and European partners, we are committed to turning challenges into opportunities,” she said.

The EU-VACE TARED project is expected to support smallholder farmers and MSMEs with innovations and skills, improve access to finance and international markets, promote climate-smart practices, and create decent work opportunities for marginalised groups — reinforcing Nigeria’s agricultural sector as a driver of inclusive and sustainable growth.

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X offers changes to blue checkmarks after $138m EU fine

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Elon Musk’s X has offered to make changes to its blue checkmark for “verified” accounts, a European Commission spokesman said Friday, after the platform received a 120-million-euro ($138 million) fine.

The European Union slapped the fine in December on X for breaking its digital rules, including through the “deceptive design” of its blue checkmark.

“X has submitted remedies in relation to its blue checkmark. The commission will now carefully assess the proposed remedies,” EU spokesman for digital affairs Thomas Regnier said.

He did not provide details about what X had submitted.

X risked periodic financial penalties had it not submitted any remedy.

“We have to value the fact that after a constructive exchange with the company, the company has taken its obligation seriously and has submitted us remedies,” Regnier told reporters in Brussels.

When contacted by AFP, X did not provide comment immediately.

Blue checkmarks, long free of charge at what was previously known as Twitter, were intended to signal the identity of certain users — such as celebrities, journalists and politicians — had been verified in an effort to build trust in the platform.

But after Musk bought the platform, he allowed users to pay to get one.

X in February announced it had filed an appeal with the EU’s top court against the fine, which was the first ever under the bloc’s Digital Services Act (DSA).

But Regnier said the commission still expected X to pay it by Monday, and to provide further remedies on other breaches by April 28.

The fine came under a probe started in December 2023.

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That investigation continues as EU regulators study how X tackles the spread of illegal content and information manipulation.

X has often been in the EU’s sights.

The 27-nation bloc in January began another DSA probe into the company’s AI chatbot Grok’s generation of sexualised deepfake images of women and minors after a global outcry.

AFP

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Akwa Ibom to drive large-scale farming with equipment leasing firm

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Akwa Ibom State Government has said it will soon inaugurate its Agric Equipment Leasing Company as part of efforts to promote large-scale mechanised farming in the state.

Governor Umo Eno disclosed this while fielding questions from Government House correspondents shortly after inspecting the progress of work at the company’s facility located at Ekpri Nsukara in Uyo on Thursday.

In a statement obtained from the Government House Press Unit on Friday, the governor commended the contractor for the progress recorded at the project site.

“There is a lot of improvement in the work done here to get the company kick-started in earnest.

“The contractor has given her word that the project will soon be inaugurated, and I hold her to that,” he said.

Eno explained that the essence of the project is to encourage farmers to embrace large-scale farming in order to boost productivity, increase earnings and ensure food sufficiency in the state.

“The farming season is here again, and we are putting everything in place for this project to function optimally. There are over 25 tractors with tracking devices and two low-bed trucks in readiness for the agriculture programme.

“What we intend to do here is to lease these equipment to our farmers across the state at subsidised rates so that they can utilise it for improved farming productivity.

“These farming equipment range from ploughs to harvesters and other implements that will help improve farming output,” he said.

The governor noted that the initiative forms part of his administration’s strategy to mechanise farming methods in the state in order to achieve large-scale crop production and increase farmers’ profits.

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Speaking on the government’s tree-crop revolution programme, Eno assured that the initiative would commence once the rainy season sets in, noting that such crops thrive better during the rainy season.

“The nursery for palm seedlings has already been established, and the necessary enumeration of farmers has been conducted across the state.

“Within the next two weeks, the seedlings will be distributed to farmers for planting across the state,” he added.

The governor urged farmers to take advantage of the various agricultural programmes introduced by the government to enhance large-scale farming output and improve economic growth in the state.

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Forum dismisses claims of N210tn missing in NNPC accounts

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A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about N210tn is missing from the accounts of the Nigerian National Petroleum Company Limited (NNPC).

Addressing journalists on Thursday, ASF National Coordinator, Usman Hamza, described the claim as “mathematically impossible” and politically motivated.

The group’s position is in response to a recent claim by the Chairman of the Senate Public Accounts Committee, Ahmed Wadada, that the NNPC Limited could not account for about N210tn.
Hamza said such a figure was misleading.

“Senator Wadada’s claim of N210tn ‘unaccounted for’ funds is a mathematical impossibility designed to shock the public,” Hamza said.

He argued that the claim did not align with Nigeria’s fiscal reality, noting that the country’s entire 2024 national budget stood at about N28.7tn.

“To suggest that a single entity ‘lost’ nearly eight times the national budget is an insult to the intelligence of Nigerians,” he added.

The forum also condemned threats of arrest warrants against former officials of NNPCL, including former Chief Financial Officer, Umar Ajiya, describing the move as part of a coordinated campaign of political blackmail.

According to the group, the Senate committee may have misinterpreted financial figures by combining accrued expenses and receivables in a way that falsely suggests missing funds.

“We consider that the committee has erroneously ‘netted’ N103tn in accrued expenses, largely joint venture liabilities, with N107tn in receivables owed to NNPCL. Labelling money owed to a company as ‘missing funds’ is a professional travesty,” Hamza stated.

During the ongoing review of the financial records of Nigerian National Petroleum Company Limited, the Senate Public Accounts Committee, chaired by Wadada, had raised concerns over alleged discrepancies running into trillions of naira.

The ASF maintained that the allegations ignored the broader financial and structural reforms undertaken by the national oil company in recent years.

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Furthermore, Hamza mentioned that the tenure of former CFO Ajiya coincided with the transition of the national oil firm into a commercial entity under the Petroleum Industry Act, a reform that ended decades of opaque financial reporting.

“Mr Ajiya’s tenure saw the transition of NNPC into a commercially driven entity and the publication of the first audited financial statements in 43 years,” the forum stated.

ASF defended the N5.9bn cost incurred during the transition process of NNPC to NNPC Limited, saying it covered complex legal and structural reforms required to transform the former state corporation into a limited liability company.

The forum warned that politicising the Senate’s oversight role could damage Nigeria’s credibility in the eyes of international investors.

“Using the Senate’s hallowed chambers to pursue personal vendettas damages Nigeria’s reputation with international investors,” Hamza said.

The forum further called on the leadership of the Senate to institute an independent ethics investigation into what it described as an alleged demand for bribes linked to the ongoing oversight process.

“We call on the Senate leadership and its Ethics Committee to investigate the alleged bribe demand connected to this oversight exercise,” he said.

He urged lawmakers to stop what he described as the harassment of officials who have already submitted several technical responses to the committee.

“Public accountability should be pursued through a sober forensic review of facts, not through sensational claims and phantom numbers,” he added.

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