Economy

By Hadiza Abdulkadir

President Bola Tinubu has appointed former INEC chairman, Professor Attahiru Jega, as his adviser and coordinator forthe Presidential Livestock Reforms. This was announced by Special Adviser Bayo Onanuga. 

Jega was the INEC chairman from 2010 to 2015 and previously co-chaired the Presidential Livestock Committee alongside Tinubu.

In July, Tinubu established a new Ministry of Livestock Development to address the farmers-herders crisis, based on the recommendations of the National Livestock Reforms Committee. 

Jega, 68, is also a member of the International Elections Advisory Council and chairs the Governing Council of Sa’adatu Rimi University of Education in Kano State. 

Jega’s appointment aims to support ongoing livestock reforms in Nigeria.

By Muhammad Sulaiman

Nigeria and Saudi Arabia have signed a strategic agreement to enhance their participation in the global halal economy, valued at $7.7 trillion. The deal focuses on boosting halal trade, investment, and certification, fostering economic cooperation between the two nations.

Signed during high-level meetings, the agreement positions Nigeria as a key player in halal industries, including food, finance, pharmaceuticals, and cosmetics.

Saudi Arabia, a dominant force in the sector, will provide expertise and market access to support Nigeria’s expansion.

Officials believe the partnership will create jobs, enhance exports, and attract foreign investment, positioning Nigeria as a leading halal market in Africa.

By Dr. Muhammad Sulaiman Abdullahi

In Nigerian landscape today, people need help. Almost everyone needs one form of help of another. This is especially since after Buhari’s brutal leadership which took Nigerians 20 years backward. Baba Tinubu promised that he would continue, not to change and turn things around. And Nigerians are really witnessing a massive and huge form of suffocation, where everyone is gasping for air and therefore, many people don’t care much about what the leaders should do or not do.

A lot of people are hungry as a result of the reckless driving of the nations drivers. You won’t understand the depth of the challenges in Nigeri’as political arena until you engage some politicians, especially those who are genuinely interested in contributing positively to the community. That’s why people like us—who are so much inquisitive—struggle a lot in this field!

I don’t particularly enjoy discussing or praising politicians because whatever they do, they are just doing their jobs. However, there are some reasons that compel me to write on the MB Shehu’s empowerment program, and God willing, I will not do it to flatter; I will only share what I know about that support program, and I know that God is my witness regarding what I write. I also speak from a position of being part of the support committee.

MB Shehu is the current member federal house of representatives, representing the good people of Fagge. During his campaign rallies, he has mentioned and promised many things he intended to do to his people if elected. Today, he is the member, representing Fagge in Abuja. As part of promise fulfillment, he distributes, or rather, he has already distributed a lot of items, to his constituents, to mitigate and cushion the sad and bad effect of the T-pain. While I do not know where he got the idea for this kind of distribution, I believe it stems from the large number of people he has attracted politically, most of whom are needy and in dire need of such support and assistance. He has promised them that he will do good for them if given the opportunity and he is now doing exactly what he said.

Someone might ask, what is more important: meeting the needs of one person or meeting the needs of many people? Many will tell you that meeting the needs of many is more significant. However, how can one meet the needs of the entire community if one doesn’t start from individual people?

Initially, I don’t personally see such “empowerments” as worthy programs, but now, having seen the actions taken and how they have been implemented and also, hard situation which most of the beneficiaries are battling with, I believe that a leader, should, in such kind of situations, do two things:

1) Assist their community in a way that is pleasing to God, through proper channels—those that the people desire (not necessarily highly sophisticated and systematic way), even if a leader sees other ways as more beneficial.

2) A leader should strive to seek and identify certain vital good initiatives that are beneficial, even if many in the community do not see the immediate advantages. This is because most people lack the knowledge or understanding to discern what is more important for them.

Both the above two ways should be integrated! There should be plans for political accountability, and there should be thoughtful and dignified initiatives that can be recognized as good deeds even after one’s life.

During the opening ceremony of the program, the executive Governor of Kano, Abba Kabir Yusuf, aka Abba Gida-gida, inaugurated the program, and it was expected that around 3,000 people will directly benefit from the empowerment, indeed it is serious. Here are some of the items being distributed to the community members:

i) Cars
ii) Motorcycles
iii) Mechanic toolboxes
iv) Car diagnostic gadgets
v) Sewing machines
vi) Deep freezers
vii) Industrial sewing machines
viii) 50,000 Naira to over 1,000 people, with the total number reaching 1,107
ix) Welding machines
x) High-powered cameras, etc

These are just a few of the items I have seen, and some I have heard about.

The Governor of Kano, Abba Gida-gida, who was present during the inauguration of the support program, expressed his happiness and said that he was at a loss for words due to his joy. He added that he had never seen any member who did something like what MB Shehu has done.

This is indeed a significant achievement, and I know that MB Shehu is committed to implementing more initiatives. Anyone interested in knowing about such initiatives can contact Alkanawy, as they are the ones disseminating news and promoting the activities of the legislator.

Before the empowerment, a very strong committee was formed under the leadership of Professor Bashir Yusuf Fagge, and genuinely, there has been a commitment to identifying deserving beneficiaries. I can confidently say that a great effort has been made, day and night, to ensure this work is done perfectly.

In this current political climate under Tinubu, if someone gives you a car, motorcycle, or money, you certainly should appreciate them. Because in Nigeria, especially now, if they don’t give you, there’s nothing you can do. Many elected members do not contribute anything to their constituents and nothing happens.

Finally, some people oppose this empowerment due to their personal reasons or grudges against the one who did it, the committee members or the process. No one can do things that can be accepted by all. Just do your best and move on. No one (especially the politicians) would loved or hated by all. This is why doing things with great foresight and consultation is invaluable. I saw happiness in the faces of the recipients. I hope the money and items given will metamorphose and multiply into bigger fortune.

I call upon the respected member to continue working diligently, to fear God more in carrying out his responsibilities, and to keep doing good for the people. Amen.

Muhammad Kano

By Zayyad I. Muhammad

Nigeria is one of the most important countries in Africa and a key player in the global Black community. Its economic strength, strategic geographic location, and influence (on its own rights) in international affairs have made it a significant hub for investment and business. Therefore, it is no surprise that Binance and its leadership were drawn to Nigeria, seeing the country as a lucrative market.

However, recent developments involving Binance executive Tigran Gambaryan have raised serious concerns. His wild and unsubstantiated allegations against high-ranking Nigerian officials and lawmakers are not just an insult to the nation but a blatant attempt to blackmail and tarnish Nigeria’s international image. Such reckless accusations should not be ignored, as they undermine the country’s sovereignty and credibility on the global stage.

The Nigerian government must not take this matter lightly. To ensure that such behavior is met with firm consequences, further diplomatic, legal, and economic measures should be pursued against Tigran and his company, Binance. If Nigeria fails to act decisively, it risks setting a dangerous precedent—one where foreign actors can manipulate narratives, evade responsibility for economic crimes, and attempt to pressure the country through international channels.

This situation is not happening in isolation. In early 2024, Binance was accused of operating illegally in Nigeria, manipulating forex, and conducting economic activities that destabilised the Naira. Both Tigran Gambaryan and Nadeem Anjarwalla were arrested and charged with money laundering and illicit financial transactions. While Anjarwalla managed to escape, Tigran was released on diplomatic, health, and compassionate grounds—a gesture of goodwill that is now being repaid with hostility.

Nigeria cannot afford to tolerate individuals like Tigran, who engage in questionable financial practices and resort to baseless and outrageous accusations against the country’s leadership. If strong and unapologetic action is not taken, we will likely witness more figures like Tigran exploiting diplomatic loopholes and using ‘below-the-belt’ tactics to evade accountability for their economic crimes.

The Nigerian government must further explore all available legal options, including international legal action and targeted economic sanctions against Binance, to hold those responsible accountable. Nigeria is not a playground for foreign business entities looking to manipulate its financial system while disrespecting its institutions and high-ranking officials, including lawmakers.

Nigeria has the capacity to defend its interests and safeguard its economic stability. It must act decisively to ensure that those who attempt to undermine its economy and reputation face the full weight of the law. International diplomatic channels should be leveraged to demand a formal apology from Tigran Gambaryan if necessary.

Nigeria’s sovereignty, financial stability, and international standing must be protected at all costs. Any attempt to blackmail or pressure the country must be met with strong resistance, ensuring Nigeria remains in control of its economic and political destiny.

Zayyad I. Muhammad writes from Abuja via zaymohd@gmail.com.

By Hadiza Abdulkadir

Ahmad Salkida, founder and CEO of HumAngle Media, laments the daunting challenges entrepreneurs face in Nigeria. With several years of experience and travels across 25 countries, he describes Nigeria as one of the most challenging environments for independent businesses.

Salkida points to excessive taxation and a lack of basic amenities, arguing that the legal framework fails to distinguish between social enterprises and traditional businesses. 

“The legal and regulatory framework fails to differentiate between social enterprises and traditional businesses, with the Federal Inland Revenue Service (FIRS) focused solely on meeting unrealistic revenue targets at the expense of struggling businesses.

Success relies solely on relentless hard work and prayers,” Salkida stated, lamenting the physical and mental exhaustion that often comes with achieving success in such a challenging landscape. 

Salkida emphasizes the urgent necessity for systemic reforms to assist small and medium-sized enterprises in Nigeria.

By Sabiu Abdullahi

The federal government of Nigeria has called on retailers to reduce food prices, adding that failing to reflect the recent price drop is unfair to consumers.

The Minister of Agriculture and Natural Resources, Abubakar Kyari, made this appeal on Tuesday during the 2025 Wheat Farmers Green Field Day at Dabi village in Jigawa State’s Ringim Local Government Area.

Kyari criticized retailers for not adjusting their prices despite the decline in costs, labeling their actions as unpatriotic.

“The federal government is aware of the significant drop in the prices of food items across major markets, particularly for essential commodities such as flour, sugar, rice, and pasta.

“However, it is deeply concerning that many retailers, bakers, and shop owners have refused to reflect this reduction in their selling prices, thereby denying Nigerians the relief they deserve.

“In previous months, stakeholders in the retail value chain raised concerns about the rising cost of food items. Now that the prices have dropped, such as flour, which fell from N81,000 per bag to below N60,000, and spaghetti, which has fallen from N20,000 to N15,000.

“It is only fair and just to let consumers benefit from food price reduction,” Kyari said.

Recent data from the National Bureau of Statistics (NBS) indicates that Nigeria’s headline inflation rate fell to 24.48% in January 2025, with food inflation declining to 26.08%, down from 34.8% and 39.84% in the previous month.

The decline is attributed to a rebasing of the country’s consumer price index.

However, the Centre for the Promotion of Private Enterprise clarified that the lower inflation rate does not necessarily mean a reduction in the overall prices of goods and services.

By Abdulrazak Iliyasu Sansani

The recent directive allegedly from the Central Bank of Nigeria (CBN) requiring the 774 local governments to present their budget proposals for the 2025 fiscal year has sparked renewed interest in local government autonomy. This development has been a long time coming, given the prolonged agitation for systemic changes in local government administration.

A 20-year-old university student is surprised that local governments in Nigeria prepared budgets highlight the widespread lack of awareness about local government operations perhaps because of the reality that local governments barely exist on paper in my states.

The student asked, “Do local governments actually create budgets?” I explained that, like every tier of government or organization, they are meant to do so. However, his curiosity clearly illustrates the uncertainty surrounding the local government autonomy in Nigeria.

After the Supreme Court’s landmark ruling in favor of the local governments in Nigeria on July 11, 2024, we thought it was over. The seven-justice panel of the apex court in the judgment delivered by Justice Emmanuel Agim, ruled that the 774 local government councils in the country should independently manage their own funds: millions of Nigerians thought the long wait for autonomy was finally over. However, the journey to true autonomy is often complex and winding as the history of the struggle for autonomy for this essential tier of government has shown.

With the recent directive that led to budget presentations across the 774 local governments for the 2025 fiscal year, this brought fresh perspective on the agitation and revitalised interest in local government autonomy. But will this directive translate into tangible action, or will it remain a mere rhetoric as with many critical issues in Nigeria? Nigeria’s history of struggling with local government autonomy, coupled with the stiff resistance from state governments, raise concerns about the feasibility of a true autonomy.

The Nigerian Constitution recognizes local government as a tier of government, but they remain restricted by financial and electoral constraints. Local governments are expected to provide basic services, promote development and ensure democratic participation. However, their lack of autonomy and financial power has hindered their ability to fulfill these responsibilities.

Nigeria’s experiment with various local government administration models despite so many reforms from the local government reforms of 1976, 1988 and the one embarked upon in this current dispensation, had been marked by a decline in autonomy, particularly since 2003. The state governments’ interference in local government affairs has eroded and degraded their powers and functions.

As someone who has advocated for financial and electoral autonomy for local government councils for so many years, I believe that it is crucial for addressing Nigeria’s security challenges, socio-economic issues, and building other sectors that require government’s attention at the grassroots level. The lack of autonomy has led to a power vacuum, allowing non-state actors to exert their influence.

Nigerians await the implementation of any meaningful reform that can transform local government administration and bring about positive changes. The question remains: is Nigeria truly ready to empower local governments and bring relief to the millions of rural dwellers who have been neglected for far too long?

For decades, local governments in Nigeria have been suffocated by lack of funds, rendering them ineffective in initiating or implementing meaningful projects. The joint account system, introduced years ago, has been a subject of controversy, with experts arguing that it undermines true federalism and hampers local government autonomy.

The current state of local government administration in Nigeria is a far cry from the intended vision. The 1999 Constitution, as amended, recognises local governments as a tier of government, but sadly this merely exists on paper today.

There is ample evidence to support the agitation for local government autonomy. It is a necessary step towards addressing societal ills and promoting grassroots development. Another question on everyone’s mind is: what is next?

Will the recent directive be a mere rhetoric, or will it translate into concrete action? Is Nigeria truly ready to empower local governments and bring relief to the millions of Nigerians who have been neglected for too long?

Only time will tell, but one thing is certain: the status quo is unsustainable. Nigerians await with bated breath the implementation of meaningful reforms that can revamp local government administration and bring about development.

As someone who has consistently advocated for financial and electoral autonomy for local government councils, I remain hopeful that this latest development will mark a turning point in Nigeria’s journey towards true federalism and grassroots development. For local government autonomy and administration generally in Nigeria, I ask again what next?

Abdulrazak Iliyasu Sansani wrote from Turaki B, Jalingo, Taraba State.

By Zayyad I. Muhammad 

Governor Ahmadu Umaru Fintiri of Adamawa State has demonstrated an unwavering commitment to revitalizing the livestock sector. He recognizes its immense potential to drive economic growth, enhance food security, and improve the livelihoods of farmers and herders. Through strategic policies and targeted initiatives, his administration has made significant strides in modernizing livestock farming, addressing long-standing challenges, and fostering sustainable development.

Key Initiatives and Achievements: Implementation of the National Livestock Transformation Plan (NLTP)  

Under Governor Fintiri’s leadership, Adamawa State has emerged as a key player in implementing the National Livestock Transformation Plan (NLTP), a federal initiative designed to resolve farmer-herder conflicts and promote sustainable livestock practices. In December 2023, the governor inaugurated the Pilot Ranch Project at the Gongoshi Grazing Reserve. This flagship project aims to modernize livestock farming by providing a controlled breeding, grazing, and disease management environment, setting a benchmark for other states.

Rehabilitation and Development of Grazing Reserves: The administration has prioritized the rehabilitation and development of grazing reserves across the state. These reserves have critical infrastructure, including water sources, veterinary services, and access roads, creating a conducive environment for livestock farming. The Gongoshi Grazing Reserve stands as a model of these efforts, showcasing the benefits of integrated livestock development and sustainable resource management.

 Strengthening Market Access for Livestock Farmers: Governor Fintiri has strongly emphasised improving market access for livestock farmers. The Mubi livestock market, one of the largest in the region, plays a vital role in the state’s economy, supplying approximately 29 million animals annually to Lagos State and generating around N29 billion in revenue. By enhancing market linkages and upgrading infrastructure, the government has further stimulated economic activities in the sector, benefiting both farmers and traders.

Conflict Resolution and Community Engagement: A cornerstone of Governor Fintiri’s livestock policy has been resolving recurrent clashes between farmers and herders. His administration has fostered peaceful coexistence between these groups through dialogue, stakeholder engagement, and policy reforms. Establishing grazing reserves and ranching systems has significantly reduced pressure on farmlands and minimized resource conflicts, contributing to a more harmonious and productive agricultural landscape.

Empowering Youth and Women in the Livestock Sector: The administration’s interventions in the livestock sector have also focused on creating employment opportunities for youth and women. Training programs and access to credit facilities have been introduced to enable these groups to participate in modern livestock farming. These initiatives have reduced unemployment and poverty levels and empowered women and young people to become active contributors to the state’s economic development.

Impact and Future Prospects: Governor Fintiri’s interventions in the livestock sector have already begun to yield tangible results, including increased productivity, higher incomes for farmers, and improved food security. By promoting sustainable practices and fostering partnerships with federal and international organizations, the administration has laid a solid foundation for the long-term growth of the livestock industry in Adamawa State.  

A notable example of such collaboration is the partnership between the Adamawa State government and the Livestock Productivity and Resilience Support Project (LPRES). On Thursday, January 16, 2025, the government distributed inputs and machinery to 23,000 livestock farmers, further boosting productivity and resilience in the sector.

Governor Fintiri’s continued focus on innovation, community engagement, and infrastructure development is expected to transform the livestock sector further. These efforts will solidify Adamawa State’s position as a leader in livestock farming in Nigeria and ensure sustainable economic growth and improved livelihoods for its citizens.

Zayyad I. Muhammad writes from Abuja via zaymohd@yahoo.com.

By Lawal Dahiru Mamman

Why are the Nigerians not having enough food to eat? Why? That is the question we need to answer. Statistics paint a grim picture and the anecdotal evidence is there. We have working farmers but numbers say people are not eating well.

The above was paraphrased from the address of the Chairman, Media Trust Group, at the 22nd Daily Trust Dialogue and Presentation of Unsung Heroes, themed “Food Security: Availability or Affordability?” held at the NAF Conference Centre in Abuja on 23 January 2025. One does not need an emeritus to explain the reasoning behind the choice of theme.

As an individual with a background in agriculture, I have often had serious discussions with two close friends about the true value of our certificates. If we cannot make a tangible impact on curbing hunger, which continues to plague Nigerians, then what is the point? The alarming statistics of hunger and malnutrition only paint a bleaker picture each year.

We never really take into account other graduates from different subsectors of agriculture, but we somehow always come to the conclusion that we are part of the reason millions of Nigerians go hungry, and we hope to make a difference in the near future, dumping the noise and swinging into real action.

It is this very concern that drives my desire to attend conferences or dialogues like the aforementioned, but circumstances did not permit it. Thankfully, technology has been birthed and it came to the rescue. The organisers provided live coverage across Facebook, YouTube, and Zoom, which I was able to access, allowing me to participate in the programme, albeit not until the very end.

It was a session to examine the current state of affairs and an open floor for discussion on how to make food available and affordable. Pundits brainstormed Nigeria’s vast fertile land, large bodies of water and adequate rainfall in each geopolitical zone, suitable for various crops and rearing animals, explored and seeked to decode how despite these rich agrarian factors hunger perseveres when there should be no correlation at all.

Farmer-herder clashes, a misunderstanding that has escalated from cultivated lands to homes, affecting innocent women and children, were deliberated upon, along with their impact on optimum crop production. In my view, our inability to properly harness pasture and rangeland is a contributory factor.

To put things into perspective, in a class, we studied over ten plants that, when cultivated, can provide sustenance for our livestock. This not only helps resolve clashes, but also reduces competition for valuable food resources between humans and domesticated animals, until we achieve self-sufficiency.

Genetically modified organisms (GMO) foods was another talking point. Exploring and tweaking specific genetic traits for better quality in other plants or animals is not new in agriculture. Before we sort ethical issues surrounding GMOs for long term solution on food availability, attention must be paid on short term remedy for same, and affordability.

Post harvest spoilage or waste was another concern. Even as these food items, especially perishables, are not sufficiently abundant, during harvest, a lot go to waste without arriving markets. What does this tell us? There is the ability to produce sufficiently but, as a nation it becomes imperative to invest in processing and storage infrastructure to arrest the issue of availability and affordability, it is basic economic principle of demand and supply.

Insecurity remains the bane of farmers. Many have abandoned their lands in order to remain alive, frankly, no one blames them. In offering solution, President of All Farmers Association of Nigeria (AFAN) said there is a need to defoliate forests in Nigeria which serves as safe haven for criminal elements – bandits, Boko Haram, ISWAP and Lakurawa alike.

He alluded to the fact that his idea may not sit well with climate change and environmental enthusiasts but stood firmly by this suggestion. This idea may not necessarily be out of place when we zoom our lens to realities of food availability and affordability. What I must add, if this is not welcomed, stakeholders should have a round table talk on other ways to save lives and tackle food insecurity without defoliation.

Present during the dialogue was the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha. Among a lot of things he said Nigerians are tired of saying the country has “potential”, stressing that it is time to ”activate” it. Although we must know the potentials before attempting to activate, his assertion is oncourse, our potentials have since been established.

According to him, policies should address the issue where people produce for only family consumption with little to sell while also highlighting the need to change the way we do things in the agricultural sector, for us to get a different outcome. Rightly captured but do average farmers have at their disposal sophisticated tools to produce for family and market? our practice is still largely primitive you know.

I am a believer that every citizen has a role to play for the betterment of Nigeria but importantly, leadership bears greater responsibility therefore, I was happy the Minister and a representative of the Speaker of House of Representatives – both in positions to “make things happen” – were present or represented among other stakeholders.

Overall, the dialogue was critical, informative, and enlightening, but we hope to see where we go from here in our efforts to make food available and affordable.

Lawal Dahiru Mamman writes from Abuja and can be reached on: dahirulawal90@gmail.com

By Sabiu Abdullahi

The Special Assistant to President Bola Tinubu on Constituency Affairs, Khadijat Omotayo, has appealed to Nigerians to refrain from criticizing the President over the removal of fuel subsidy.

Speaking at a town hall meeting in Jos, Plateau State, on Saturday, Omotayo emphasized that Tinubu’s decision was aimed at improving the country’s economy.

The gathering was attended by various stakeholders, including market women, youth groups, labor leaders, farmers, traditional rulers, government officials, and students.

She explained that the revenue generated from the subsidy removal had been allocated to all states, and the President had already approved an increase in workers’ salaries, with further increments expected during his tenure.

Omotayo highlighted Tinubu’s commitment to national unity, pointing to her presence in Plateau, a state governed by the opposition Peoples Democratic Party (PDP), as evidence of his willingness to work with all Nigerians.

She also praised Plateau State Governor Caleb Mutfwang for his efforts in fostering democracy and inclusivity.

She stated, “I don’t expect us at this point to keep attacking Mr. President, who wants dividends of democracy to go down the states. If Mr. President is a partisan politician, he won’t let me come to Plateau State, as we all know it is a PDP state. But I’m here to represent him just because he wants to carry everybody along.”

Defending the government’s policies, she noted that President Tinubu had introduced a student loan scheme benefiting all regions, allowing students to access loans without collateral.

“The students are talking about free education, and Mr. President has initiated free loans for the students. All regions are benefitting from this loan. Tell a friend to tell a friend; tell a mother to tell a brother, tell a father to tell a brother. There is a free student loan without collateral. What do you want again?” she asked.

Omotayo called on Nigerians to support the government’s initiatives and urged citizens to hold their representatives accountable rather than directing their frustrations at the President.

Governor Mutfwang, represented by the Plateau State Commissioner for Youths, Musa Ashoms, appreciated Tinubu’s support for Plateau and reiterated his administration’s commitment to development.

He stated, “Mr. President is doing a lot for us in Plateau, but like Oliver Twist, we are only asking for more. Like you said Emilokan, as Plateau State, it is our time for development.”

The town hall meeting provided an opportunity for citizens to engage with government representatives and discuss pressing national issues.