Connect with us

News

Agriculture Offers Key Path to Economic Stability — Speaker Abbas

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

By Gloria Ikibah

As Nigeria continues to grapple with the instability of an oil-dependent economy, Speaker of the House of Representatives, Rep. Abbas Tajudeen, has said agriculture stands out as the most promising path to sustainable and inclusive growth.

Speaking through Deputy Chief Whip, Rep. Ibrahim Isiaka, at a public hearing on 11 agricultural bills held Monday at the National Assembly Complex in Abuja, Speaker Abbas ememphasised the critical need to prioritise agriculture.

Advertisement

He noted that strengthening and expanding agricultural research institutions nationwide is not just a matter of policy but a strategic imperative in building economic resilience and securing the country’s future.

“There are a good number of Countries that have attained a significant leap in agro development. These countries that have attained global respect in agricultural transformation are driven by investing substantially in research and development. Brazil’s Embrapa, for instance, reengineered an infertile savannah into a global food hub.
 
“Vietnam’s targeted agricultural reforms pulled vast populations out of poverty. Israel continues to innovate in arid-zone agriculture through technology-driven methods. Nigeria, blessed with expansive arable land, a youthful farming population, indigenous knowledge systems, and an emerging tech ecosystem, stands at the cusp of replicating and even surpassing such success stories if we act decisively.
 
“I am firmly convinced that the passage of these bills will invigorate our agricultural institutions by providing them with a robust legal and operational framework. Strengthening research centres will unlock new insights in crop production, pest control, and climate-smart agriculture. Expanding extension services will bridge the gap between research and practice, ensuring that innovations reach the grassroots.
 
“Enhanced farmer engagement will not only boost productivity but also lead to improved livelihoods, healthier soils, and rural development outcomes. By building institutional capacity, we are also investing in future generations of agronomists, scientists, and policy experts who will sustain this momentum. These are the issues to be considered as we make our contributions to these bills,” he said.
 
Earlier, in his remarks, the committee’s chairman, Rep. Isiaq Akinlade said with a population size of over 220million and still growing, Nigeria was desirous of more agricultural colleges and research institutions that will help proffer solutions to issues namely, climate change, insecurity, pest outbreaks, soil degradation, unskilled laborers, livestock management amongst others.
 
“I am positive that establishing more agricultural colleges and institutions will drive specialization and dedication to agricultural excellence. Other tangible benefits of the Establishment Bills are to:create jobs for our teeming youths through its various value chain.
 
“Centers of Learning – equipping students with modern, science-based agricultural skills in crop production, livestock management, agribusiness, and environmental stewardship. Hubs of innovation – conducting research to improve yields, enhance farming systems to meet global standards.
 
“Catalysts for Rural Development – supporting local agribusiness; and nurturing entrepreneurs who will drive sustainable development from the ground up. Bridge gap between tradition and technology – preserving indigenous knowledge whilst also introducing cutting-edge technologies like precision farming, biotechnology, and modern irrigation systems etc.
 
“I envision these colleges not as isolated institutions, but as networks — collaborating with other agric institutions, ministries, and the private sector — to ensure their teachings are practical, market-relevant, and future-facing. To our youth: these colleges represent opportunity. To our farmers, it represents support. And to our nation, it represents a pathway to food security, economic growth, and environmental sustainability,” he noted.
Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

INEC accommodates SDP in Osun guber poll ballot

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

The Independent National Electoral Commission INEC said it has began the reproduction of ballot papers for the Osun State Governorship Election to accommodate the candidate of the Social Democratic Party SDP, Dr Francis Olugbenga Ajala, and his running mate, Faseke Babajimi Oladipo, who have now been added to the ballot.

In a statement signed by the National Commissioner and Chairman, Information and Voter Education Committee at INEC, Mohammed Kudu Haruna, the Commission said the action was taken in compliance with the judgment of the Federal High Court, Abuja, delivered on 22nd July 2026 in Suit No.

FHC/ABJ/CS/344/2026, in a matter between the Social Democratic Party and Dr Francis Olugbenga Ajala on one hand, and INEC on the other.

Advertisement

According to the statement, the court had ordered the Commission to forthwith recognise, accept, upload, process and publish the name and particulars of Dr Ajala as the candidate of the SDP for the election.

“The Commission wishes to inform the public that the reproduced ballot papers will arrive in Osun State on Thursday, 13th August 2026, and will, same day, be moved to Local Government Area offices across the State, in line with its standard distribution procedure ahead of the election,” the statement read.

With the addition of the SDP candidate, the total number of political parties contesting the governorship election, scheduled for Saturday, 15th August 2026, now stands at 15.

INEC noted that the result sheets for the election are also being reproduced alongside the ballot papers to reflect the inclusion of the SDP candidate.

Advertisement
Continue Reading

News

Police stop Amotekun, vigilantes from Osun guber poll

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

The Nigeria Police Force has stopped the Western Nigeria Security Network, popularly known as Amotekun, vigilante groups and other non-state security outfits from participating in security operations for Saturday’s Osun State governorship election.

The Force warned political parties, candidates and their supporters against engaging, arming or deploying such groups for election-related activities.

The directive was communicated through a statement from the Force Public Relations Officer, CSP Ani Iniedu, speaking on behalf of the Inspector-General of Police, Olatunji Rilwan Disu.

Advertisement

According to the police, these community and quasi-security formations will have no involvement whatsoever in election-related security functions. This includes activities such as escorting electoral materials to polling locations, providing security at polling units, setting up checkpoints, or carrying weapons in connection with the election.

The police also issued a broader warning to political parties, their candidates, supporters and the general public, cautioning against violence, intimidation tactics and thuggery in the lead-up to and during voting. The Force stated plainly that persistent election-related crimes, among them snatching ballot boxes, intimidating voters, buying votes and confrontations between opposing camps of supporters would not be permitted to occur unchecked, as individuals implicated in these offences, whether as the ones physically committing the acts or as those funding and organising them, will face arrest and prosecution regardless of their political connections or standing in society.

The Force named the agencies authorised to handle election security: the police itself, the Department of State Services (DSS), the Nigeria Security and Civil Defence Corps (NSCDC), the Nigeria Immigration Service, the Nigeria Correctional Service, and the Federal Road Safety Corps (FRSC). They are expected to cover all polling units, collation centres, election materials, officials, observers, journalists and voters alike in the 30 Local Government Areas in Osun State.

Advertisement
Continue Reading

News

CBN Opens Applications for Second Cohort Of Regulatory Sandbox Programme

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

The Central Bank of Nigeria has commenced applications for the second cohort of its regulatory sandbox programme, inviting innovators, financial institutions, virtual asset service providers, fintechs and technology companies to submit proposals for supervised testing of new financial products and services.

The application window opened on August 12, 2026, and will close on August 31, 2026, according to a statement signed by the acting Director of Corporate Communications and Investor Relations Department, Hakama Sidi-Ali.

The CBN said the second cohort builds on its efforts to promote responsible innovation within Nigeria’s financial system while maintaining consumer protection, financial stability and market integrity.

Advertisement

Under Cohort 2, the programme will operate through two dedicated testing tracks.

The first is the virtual asset service provider track, which is designed to support innovative solutions involving virtual assets, stablecoins, payments, settlement, custody, wallets and related financial infrastructure that require supervised live testing.

The second is the data-enabled financial services track, which will support innovations that use secure digital infrastructure and permission-based data sharing to improve financial inclusion, payments, credit, risk management, operational efficiency and consumer outcomes.

The CBN explained that its regulatory sandbox provides a controlled environment where eligible participants can test innovative financial products, services, business models and enabling technologies under the supervision of the apex bank.

Advertisement

According to the bank, the arrangement allows regulators and innovators to engage throughout the testing process, enabling the CBN to better understand emerging technologies while allowing companies to test their solutions within clearly defined regulatory parameters.

The apex bank said the launch of the second cohort reflects its commitment to developing a transparent, proportionate and risk-based regulatory framework capable of encouraging innovation without compromising monetary and financial stability.

It added that lessons gathered from supervised testing would contribute to the development of regulatory and supervisory frameworks for Nigeria’s evolving digital financial ecosystem.

Eligible applicants will be assessed based on several criteria, including the level of innovation, readiness for controlled live testing, potential benefits to consumers or the market, governance structures, risk management capacity and the suitability of their proposed testing plans.

Advertisement

Successful participants will conduct supervised testing within parameters agreed with the CBN.

The bank said the testing process would include safeguards covering consumer protection, operational resilience, cybersecurity and regulatory reporting.

However, the CBN stressed that participation in the regulatory sandbox should not be interpreted as a licence or approval to operate outside the specific testing parameters approved by the bank.

It said the programme is intended to facilitate responsible experimentation, strengthen engagement between regulators and innovators, and support evidence-based policymaking in accordance with the CBN’s statutory mandate.

Advertisement

Interested organisations are required to submit their applications through the CBN regulatory sandbox portal before the August 31 deadline.

The latest initiative comes as Nigeria’s financial sector continues to see rapid development in digital payments, fintech services, virtual assets and data-driven financial products, increasing the need for regulatory frameworks that can accommodate emerging technologies while managing associated risks.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News