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Agric ministry pledges to reduce post-harvest losses by 25%
By Francesca Hangeior.
The Federal Ministry of Agriculture and Food Security has pledged to significantly reduce post-harvest losses in the agricultural sector by 25 per cent as part of its efforts to ensure food security and boost domestic production.
This commitment was made during the Special Agro-Industrial Processing Zones High-Level Implementation Acceleration Dialogue held in Abuja on Monday.
The Special Agro-Industrial Processing Zones initiative is a Nigerian government programme aimed at boosting agriculture through targeted investments, integrating farming, processing, and marketing to increase productivity, reduce losses, and enhance value addition for food security, job creation, and poverty reduction, supported by the African Development Bank, International Fund for Agricultural Development, and Islamic Development Bank.
In his keynote address, the Minister of Agriculture and Food Security, Abubakar Kyari, emphasised the urgent need for a collaborative approach to address the existing challenges within the agricultural sector.
“Our objective is clear: we must enhance our production capabilities and reduce post-harvest losses from the current 45 per cent to 20 per cent. This is critical not only for food security but also for improving the livelihoods of our farmers,” Kyari stated.
According to him, the SAPZ initiative aims to create agro-industrial processing zones across seven states and the Federal Capital Territory, focusing on key crops like cassava, rice, maize, and cocoa.
He added that the programme is expected to generate approximately 500,000 direct and indirect jobs while also contributing additional metric tonnage to the nation’s food supply.
Finance Minister Wale Edun, speaking at the event, reinforced the government’s commitment to industrialisation through agriculture.
“The successful production of food is fundamental to our economic stability. When we achieve our production goals, we will see a significant impact on inflation, interest rates, and ultimately, our trade balance,” he said.
Edun highlighted the collaboration between the federal and state governments, as well as private sector partners, as vital for the success of the SAPZ programme.
“We cannot afford to disrupt domestic production while addressing the immediate food needs of our population. This requires a careful balance of both short-term and long-term strategies,” Edun added.
The Country Director of the African Development Bank, Abdul Kamara, also spoke at the workshop, underscoring the potential of the SAPZ programme to transform the rural economy.
“By reducing post-harvest losses from 50 per cent to 10-20 per cent, we can make a significant contribution to the economy and improve food security,” Kamara stated.
He encouraged all stakeholders to work collaboratively to address challenges impeding implementation.
The workshop brought together various stakeholders, including state governors and representatives from development partners, to discuss the acceleration of the SAPZ programme.
Dr. Abdulkazumare, representing the Governor of Kaduna State, emphasised the need for innovative solutions to current constraints.
“Our goal should be to learn from successful models globally and adapt them to our local context,” he added.
The Agriculture Minister stated that as discussions continue, the Agriculture Ministry remains optimistic about the outcomes of the SAPZ initiative, which it sees as a cornerstone of Nigeria’s agricultural transformation and economic growth.
“The path forward requires not just commitment but also effective communication to galvanise public support.
Together, we can build a resilient agricultural sector that meets the needs of all Nigerians,” Kyari said.
The Country Director of the International Fund for Agricultural Development, Dede Ekoue, expressed gratitude for the initiative, stating, “We would like to extend our warm congratulations to the Honourable Minister of Agriculture and Food Security for this laudable initiative.”
He also recognised the leadership of the Minister of Finance, stating, “His leadership in facilitating the finalisation and implementation of the Financing Agreements has been invaluable.”
Ekoue highlighted ongoing efforts in Kano State, where IFAD is supporting an accelerated pilot project aimed at enhancing the capabilities of rice and tomato farmers.
He emphasised the importance of partnerships, saying, “We are pleased that the implementation of these strategies has led to some quick wins, such as the signing of off-take contracts.”
The director stressed the need for collaborative efforts, adding, “We must work together to address the challenges affecting implementation.”
He outlined key actions to enhance the programme’s success, including strengthening coordination and technical capacity.
Regarding Ogun State, Ekoue acknowledged the signing of a subsidiary loan agreement and expressed hope for further agreements to expedite project implementation.
“We are convinced that this strategic gathering will empower all stakeholders to accelerate the implementation of SAPZ at these critical times for food security and inclusive economic growth,” he said.
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TALL Forcast: 2025 Budget will bring down inflation to 15%, dollar to N1,500-Tinubu
President Bola Tinubu has said that the 2025 budget forecasts that inflation will decline from current 34.6% to 15% next year.
He said this during his presentation of the N47.9 trillion 2025 budget proposal to a joint session of the National Assembly on Wednesday.
The President also said that the exchange rate will improve from approximately N1,700 per dollar to N1,500.
According to Tinubu, “this is an ambitious but necessary budget to secure our future.”
“The Budget projects inflation will decline from the current rate of 34.6 per cent to 15 per cent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day,”Tinubu said.
He said the budget projections are based upon observations such as reduction of petroleum products importation, increased export of finished petroleum products, bumper harvest driven by enhanced security, reducing reliance on food imports, among others.
Tinubu listed highlights of the budget to include defence and security – N4.91tn, infrastructure – N4.06tn, health – N2.4tn, education – N3.5tn, among others.
Nigerians are grappling with economic hardship following incessant increase in inflation and volatile exchange rate that has seen dollar exchange as high as N1,700 in recent days.
On Monday, the National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024.
The November inflation rate showed an increase of 0.72% points compared to the October 2024 inflation rate, according to NBS’s latest Consumer Price Index (CPI) report which measures the rate of change in prices of goods and services.
“On a year-on-year basis, the Headline inflation rate was 6.40% points higher than the rate recorded in November 2023 (28.20%). This shows that the Headline inflation rate (year-on-year basis) increased in November 2024 compared to the same month in the preceding year (i.e., November 2023),” the Bureau said.
Significantly, food inflation rate in November 2024 was 39.93% on a year-on-year basis, 7.08% points higher than the rate recorded in November 2023 (32.84%).
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Finally, PDP Flushes Out Suspended National Vice Chairman, Ali Odefa
The Peoples Democratic Party (PDP) Oguduokwor Ward in Onicha Local Government Area of Ebonyi State has formally announced the expulsion of the suspended National Vice Chairman (NVC) of the party in the Southeast, Mr. Ali Odefa from the party.
Ali Odefa was suspended from the party on September 11, 2024 by the Ward Executives of the party for his engagement in various anti party activities. The Federal High Court sitting in Abakaliki while ruling on suit NO: FHC/AI/CS/182/2024 further affirmed the suspension on November 29, 2024.
Announcing the expulsion of Mr. Odefa at a well- attended press conference on Wednesday, the Acting Chairman of the PDP Oguduokwor, Hon. Onyedikachi Herbert Ovuta flanked by other Ward Executives stated that the expulsion of the erstwhile NVC follows the recommendation of the Party’s disciplinary committee that affirmed the allegations of anti-party activities leveled.
According to the party chairman, “The expulsion of Chief Ali Odefa follows the report, findings and recommendations of the Ward Disciplinary Committee of the party which is in line with the provisions of the party constitution.”
The party announced that Mr. Ali Odefa by the virtue of his suspension, therefore “ceases to be a member of the party.”
The party’s statement reads in part:
“The Peoples Democratic Party (PDP), Oguduokowor Ward, Onicha Local Government Area of Ebonyi State hereby announce the expulsion of Chief Ali Odefa, the suspended National Vice Chairman of the PDP, South East Zone from the party which takes immediate effect.
“The expulsion of Chief Ali Odefa follows the report, findings and recommendations of the Ward Disciplinary Committee of the party which is in line with the provisions of the party constitution.
“Recall that Chief Ali Odefa was suspended from the party by the Ward leadership on 11th September 2024.
“Consequent upon the judgement of the Federal High Court Abakaliki in suit number FHC/AI/CS/182/2024 which affirmed the suspension of Chief Ali Odefa, the Disciplinary Committee of PDP Oguduokwor Ward after their sittings on the above subject matter unanimously recommended that Chief Ali Odefa the Suspended PDP National Vice Chairman South East Zone be expelled from the party.
“The Executive Committee of PDP Oguduokwor Ward on 11th December 2024 after receiving the report, findings and recommendations of the Disciplinary Committee of PDP Oguduokwor Ward unanimously approved the expulsion of Chief Ali Odefa from the party which is compliance to section 58(1) and section 59(1) of the PDP constitution.
“Henceforth Chief Ali Odefa, seizes to be a member of our party the Peoples Democratic Party (PDP)
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