AfDB boost farmers access to fertilisers with $2.9m in Uganda

The Board of Directors of the African Development Bank (AfDB) Group has approved a project to provide 60,000 metric tons of fertiliser to 400,000 smallholder farmers in Uganda.

The bank in a statement issued on its website on Sunday said this would be done under the Fertiliser Financing for Sustainable Agriculture Management project.

It said: “Africa Fertilizer Financing Mechanism will provide two million dollars in partial trade credit guarantees and a grant of 877,842 million dollars to the African Fertiliser and Agribusiness Partnership.

“Over a three-year duration, the project will support two wholesalers to sell fertiliser with a value of up to fifteen times the value of the two million dollars partial trade credit guarantee.

“It will also link wholesalers to around twenty-five hub agro-dealers and 125 retail agro-dealers who will on-sell the fertiliser to farmers.”

The bank said the credit facility would reduce the risks associated with suppliers lending fertilisers to wholesalers on credit.

It also said that the project was expected to boost yields and provide training to 3.4 per cent targeted farmers with 40 per cent of them women.

It further stated they would be using improved seeds, balanced crop nutrition and best farming practices.

Meanwhile, Marie-Claire Kalihangabo, Coordinator, Africa Fertiliser Financing Mechanism, said in Uganda that the fertiliser consumption was about 2.5 kg/ha.

According to Kalihangabo, the project will help to make fertiliser more accessible and appropriately used by farmers.

She expressed delight as it would in turn boost agricultural productivity and help to improve food security in the country.

“The project will advance the Bank’s Feed Africa Strategy by increasing food productivity and security.

“It builds on the results of the Sustain Africa Initiative, the Bank’s Country Strategy Paper for Uganda 2023–2026.

“The project was approved on Sept. 22,” she said.

Source: News Agency of Nigeria

Learn from BBNaija, Uba urges politicians, lecturers, others

A Political Analyst, Mr Vincent Uba has urged Nigerian politicians to learn lessons from the popular television reality show, Big Brother Naija (BBNaija) and translate it to the political scenario.

Uba, who is the National Coordinator of No Alternative to Tinubu 2023 (NATT 2023), spoke with the News Agency of Nigeria (NAN) on Saturday following negative criticisms that usually trail the show every season.

He said rather than focus on negativity, Nigerians especially the politicians should pay attention to the integrity of the votes for the housemates.

“The irony is that those who condemn the Big Brother Naija show do heinous things far more than what they condemn about the show in their private and secret lives.

“Truth be said, the show has always portrayed integrity in their affairs all through the duration.

“The organisers usually make sure that the housemates voted for by the public are the actual winners, as against the political scenario where people are always in the habit of wanting to manipulate and subvert the will of the people during elections.

“Critics should hide their faces in shame and stop castigating the BBNaija show, which has shown example and the way in making sure that the wish of the masses counts.

“Some lecturers, employers of labour, top management personnel and heads of agencies who allegedly subject their victims to all manner of vices like sex, bribery, etc, before passing exams, employment/job placement, promotion, etc, should learn from the BBN show.

“Organisers of the show conduct the affairs in a free, fair, just and transparent way to announce winners without resorting to nepotism, tribalism, favouritism and other discriminatory tendencies,” Uba said.

According to him, those who are quick to condemn the housemates for exhibiting conducts that bother on their bodies and dresses, should be concerned about their own actions first.

“We should stop attempting to remove the logs in someone’s eyes when there are big logs in ours; we should stop throwing stones at others when we live in glass houses.

“Is it not said that “those who want to go to equity must go with clean hands”. In Nigeria, we engage in all manner of corruption and cheating and still think we have moral scruples to condemn others.

He, therefore urged those in positions of authority to see the positive of the show and emulate it for the betterment of the society.

Uba noted that the show had helped to fashion and develop skills in some of the housemates and also made some of them popular, entrepreneurs and employers of labour.

Source: News Agency of Nigeria

LASG unveils traffic diversion plan for Opebi Link Bridge

The Lagos State Government has said that the traffic diversion plan for the re-construction of Thomas Ajufo inwards Sheraton Link Bridge axis will last for four weeks.

The Lagos State Commissioner for Transportation, Mr Oluwaseun Osiyemi, made this known in a statement in Lagos on Sunday.

He said that diversion, due to ongoing construction of the Opebi Link Bridge, would start from Oct. 16.

Osiyemi said that alternative routes would be available to motorists and other road users during the diversion period.

”Motorists heading towards Opebi Road will be allowed to use one side of the Opebi Road Carriageway as the construction requires the second lane to be closed.

”Also, motorists heading towards Mobolaji Bank Anthony Way from Allen Avenue/Toyin Street will make use of Toyin Street via Ola Ayinde Street to connect Ikeja Under Bridge and continue their journeys,” he said.

He advised motorists to obey traffic signs and the directive of relevant traffic management authorities to ensure a continuous flow of traffic.

Source: News Agency of Nigeria

Hand Washing Day: Osun Govt tasks residents on basic hygiene

Osun Government has advised residents of the state to cultivate the habit of hand washing in order to minimise hygiene-related diseases.

Mr Odelade Olanrewaju, the Special Adviser to Gov. Ademola Adeleke,on Rural, Water and Environmental Sanitation (RUWESA), gave the advice while speaking with newsmen on the sidelines of global hand washing day on Sunday in Osogbo.

The News Agency of Nigeria (NAN) reports that every Oct. 15 is set aside as the global hand washing day.

Hence,the theme for this year celebration is: ” Clean Hands Are Within Reach”.

Olanrewaju said the state government would continue to raise awareness on the importance of hand washing to an healthy living in line with the cardinal objectives of the United Nations General Assembly.

According to him,the purpose of the annual global hand washing day with soap is an essential step to prevent illnesses and to create awareness on the importance of hand hygiene across the globe.

Olanrewaju said that hand washing would not only prevent diarrhoea, improved hygiene and sanitation, but also cost effective.

He said the state government would continue to prioritise the well-being and the health of the people.

Also speaking, Dr Michael Oyerinde, Special Adviser to the Governor on Primary Health Care, stressed that hand washing is most important prevention of germs and staying healthy.

Oyerinde added that hand washing is considered as the best way to safety on health care.

He urged residents of the state to cultivate the habit of hand washing, adding that government would continue to provide quality and affordable health care for the people.

” Washing of hands with soap and water may sound no big deal, but you should know that there are different types of diseases that spread due to unclean hands.

“According to the Centers for Diseases Control and Prevention, one in three diarrhoea illnesses and one in five respiratory infections can be prevented by keeping a good hand hygiene.

“Celebrating hand washing day on a global level is an opportunity to educate the masses about significant role of washing hands with soap and water in preventing the spread of germs and associated diseases” Oyerinde said.

Source: News Agency of Nigeria

NGO advocates end to harmful cultural practices against widows

The Royal Ambassadors Charity Home, has called for an end to harmful cultural practices against widows in the country.

The Executive Director of the organisation, Amb. Jonathan Okwudiri made the call during the inauguration of the Abuja executive working team of the charity home, on Saturday.

Okwudiri said that the maltreatment of widows and other vulnerable women in the society should be stopped to enable them exercise their rights as citizens.

He said that those perpetrating the acts were insensitive to the harm done to widows under the guise of culture and tradition.

The executive director expressed concern that the victims have been left to suffer in silence by the society.

“It is a debt society owes itself as a mutually functional growing unit to protect the vulnerable ones among them.

“I have discovered that in Nigeria, widows are neglected, victimised, intimidated and humiliated,” he added.

“Our culture and society are not favourable to them at all. The worst part of it all is that when any widow doesn’t have male children, the relatives of her late husband gives her trouble.

“They disturb and frustrate such widow by trying to possess what their late brother acquired before his death.”

Okwudiri said that the organisation has assembled a team of advocates and human right activists to advocate for the rights of widows, including their protection and welfare.

He said that the advocacy would include pushing for a law by the National Assembly to protect the rights and privileges of widows.

“We are very much aware that there is no specific law in Nigeria that protects widow’s right unlike the People with Disabilities and children that have laws passed for their protection,” he said.

Okwudiri also said that the organisation would undertake regular empowerment of widows through skills acquisition and free medical healthcare services.

He added that the organisation had registered a multipurpose cooperative society to grant loans and agricultural empowerment packages to members.

Okwudiri appealed to government, corporate organisations, civil society groups and individuals to support the empowerment programmes of the organisation targeted at widows.

In her speach, the National Coordinator of People with Disabilities, Mrs Dorcas Ameh called on the public to stop labeling the PWDs, but support them to be self reliant.

Speaking on behalf of the newly inaugurated Abuja Chapter executive working team, the Coordinator, Amb. Goodluck Ikiebe appreciated the leadership of the organisation for giving them the opportunity to serve.

Ikiebe lauded the organisation boss for his doggedness and hard work, assuring that they would be diligent in realising objectives of the organisation.

The News Agency of Nigeria (NAN) reports that the Royal Ambassadors Charity Home was set up to help, care and empower orphans, widows, PwDs, abandoned children, destitute, the poor and other vulnerable persons.

Source: News Agency of Nigeria

Why foreign investors should turn to Nigeria – VFD GMD

Mr Nonso Okpala, the Group Managing Director of VFD Group, an investment firm that focuses in the real sector, says the company plans to source for more capital beyond the shores of Nigeria.

Okpala disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos.

NAN reports that the VFD Group was listed on the Main Board of Nigerian Exchange Ltd. (NGX) on Oct. 6.

According to him, the listing of the group on the NGX will provide the platform for the firm to achieve the target of sourcing for funding beyond Nigeria.

Okpala said that the company’s current position on the exchange would also help it to build the requisite trends and reputation needed for such target.

“It will assist the firm to enjoy more visibility, establish elaborate track-records and get more attention from the public investors,” he added.

NAN recalls that the listing of VFD Group’s shares added more than N45 billion to the market capitalisation of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.

The management of VFD Group Plc had said it projected N300.61 billion in total assets by 2025 and N5.83 billion dividend payout to shareholders in the same period.

Recalling how the company came into existence 14 years ago with 35 friends who came together as shareholders, Okpala said that the pioneers knew from the inception that the company would be listed on the stock exchange in no time.

He said the group also recognises the positive impact of technology on business operations and believes in utilising these advantages to foster the growth of robust companies.

According to him, access to capital is also a significant consideration for VFD Group which strives to capitalise on such opportunities.

Okpala noted that the company’s strategic approach, commitment to innovation and alignment with young talents had made it an attractive investment option in Nigeria’s emerging market.

He highlighted the importance of acquiring long-term funds for developmental purposes such as infrastructure building and nurturing companies from inception to maturity.

These funds, he said, are considered relatively cheap and provide opportunities for growth and profitability, while emphasising the group’s track-record, skill sets, leadership and industry knowledge, making it capable of effectively utilising such funds.

Okpala said the management of the company saw opportunities in the new ways of doing things, hence its listing on the exchange at a period that the Federal Government embarked on liberalisation of the currency and fuel subsidy removal which were considered as economic challenges.

He added that the company was leveraging these changes and the potential of technology to build stronger companies.

“We are not talking about bank debt, short-term loans, hot money, but long-term funds that are relatively cheap and can be directed towards developmental roles, be it in infrastructure building or a company from inception to maturity.

“Those are the kind of funds that we want. We believe we have the track-records, skill sets, leadership and industry know-how to run such companies to profitability and access to long-term capital suited for developmental growth. This is what we thought we needed to address.

“So, there is no better time to take the step than to do it now.

“We have self-inflicted adherence to governance more that most companies. We have strong leadership levels, bench of very smart and strong proven leaders in our group as well as young professionals,” Okpala added.

He, however, noted that the opportunities from such expansion would be subject to the kind of funding accessible.

The chief executive officer said that with 14 years of existence, the group had remained bullish with market infrastructure through the use of technology and fintech, due to Nigeria’s population and the difficulties of navigating the business environments

“From a logistical stand of point, technology is important and you can understand why someone will embrace digital banking if the option is for him to go through traffic.

“So, we think from a lifestyle perspective; fintech and technology remain key areas for us to keep exploring.

“Our model is that one can easily replicate whatever you do successfully in Nigeria and in many African countries. That’s why we are exploring the model we have in Ghana.

“We are also bullish in real sector, hospitality and lifestyles.”

He also said that one of the clear-point by the group was the plan to upgrade one of its investee companies, Abbey Mortagage, from a mortgage to commercial bank.

Okpala explained that another step to be taken by VFG Group is to pay closer attention to the insurance sector, saying that it complements the other investments by the company, therefore leading to an ecosystem needed in place.

“From a general standpoint, we have talked about an ecosystem being central to our plan as VFD Group, and that ecosystem is based on the fact that we are exposed to different companies which have cross-selling opportunities and collaborative potentials.

Okpala, who said that having an ease of doing business remained imperative for the economy to continue to prosper, noted that conflict resolution was equally necessary.

He said that the ease of resolving conflicts with respect to rule of law is important to any business and transactions.

“We have a lending background as our core. We also have interest in lending space, mortgage and Vbank.

“One of the things we have realised is that it is always difficult to close it on a transaction, especially when you give out to debt. It is also, by extention, difficult when there is a contract failure,” he said.

On sustainable dividend policy and attracting more investors, the group managing director said the most central core value of the VDF is to always be empathetic to investors.

“We treat investors the way we want to be treated. Our destiny is tied to the destiny of other investors, be it in retails, high-networth of individuals or institutional investors.

The objective is to continue to work hard to make some sufficient funds and distribute returns and investment forward in the interest of the company.

To ensure that corporate governance is adhered in managing the group, Okpala said a succession plan had been put in place since fives years ago.

Source: News Agency of Nigeria