Economy
Natnupreneur Helping To Boost Employment In Nigeria
By Modupe Gbadeyanka
The call by the Federal Government for private sector investment in the agricultural sector seems to be yielding positive result as many corporate organizations are beginning to show more interest in agribusiness.
However, blazing the trail amongst them is Amo group of companies through their natnuPreneur broiler out grower scheme.
While guiding journalists round some facilities belonging to three companies under the Group; Amo Byng, Amo Farm Sieberer Hatchery Limited and natnudO Foods in Oyo State, Mr Alaba Yunusa, Data Analyst and Farmer Satisfaction Representative (FSR) stated that unlike in the past when agriculture was perceived as a venture that only provides jobs for the illiterate, natnuPreneur since its inception has shown that formally educated people can be gainfully employed in the agricultural sector. Even young educated Nigerians can venture into poultry farming with the assurance of sustainable profit and capacity development from programmes like ‘natnuPreneur Farmer’.
The initiative, which was revealed, could provide direct and indirect employment for millions of Nigerians, is the foremost and most successful broiler out grower scheme in the country.
According to Mr Yunusa, “The scheme still has in purvey, the potential of providing employment for over 2 million Nigerians, within the poultry value chain, that is (Feed mills, Hatchery, Logistics and transportation, chicken processing, chicken distribution and retailing – natnuPreneur seller), if well supported”
This natnuPreneur model of job creation and sustained farmer profitability is a perfect example of what agriculture can do for Nigeria, especially in her fight against unemployment and full economic recovery.
Mr Yunusa, during the two day tour, also mentioned that the vision of natnuPreneur is to create passionate, knowledgeable and wealthy poultry farmers nationwide through sustained profitability while working to achieve the federal government’s food security goal. He also added that the scheme has the capacity to adequately supply the nation with high quality and affordable chicken products.
He further revealed that there is a huge market for chicken production and supply in the country with smuggled chicken covering a consumption deficit of about 70%. According to him, only 30% of the chicken consumed in the country is locally produced. While also explaining that there is massive opportunity for farmer profitability in poultry farming under natnuPreneur, Mr. Yunusa said, “Approximately 1,200,000,000 (One billion and two hundred million) birds are consumed yearly in Nigeria. Our assumption is that if 10% of the 170,000,000 (One hundred and seventy million) Nigerian population consumes 6 packs of chicken a month, a total of 1,224,000,000 (One billion, two hundred and twenty four million) pieces of chicken would have been consumed in 12 months. From a retail perspective, a piece of chicken average sales price is ₦1,000. So, 1,000 multiplied by 1,224,000,000 will give us a value of about ₦1,224,000,000,000. Now, the question is how much of this money is getting to our farmers? This is one question natnuPreneur seeks to give positive answers; we want to ensure that a good chunk of that figure gets into the pocket of poultry farmers through a reliable off-taking arrangement, effective poultry management trainings and capacity building”.
“Between 2014 and 2017, the programme has onboarded 1,156 farmers, under different categories and clusters; off taken 4,348,640 birds; and paid out N4,352,327,119.80 to famers”. This record, he revealed, has drawn the attention of various financial institutions, like the Central Bank of Nigeria (CBN), Bank of Industry (BOI), Bank of Agriculture (BOA), Sterling Bank, Heritage Bank and others, to partner with natnuPreneur and support its famers. Also, because of their well thought out scientific process for broiler farming, natnuPreneur farmers have the ability to do 6 cycles yearly with mortality rate as low as 4%.
“To ensure farmer profitability, we have developed and tested our processes and have a Standard Operating Procedure (SOP) to guide our farmers on effective poultry farming. We’ve also developed a detailed economic model for our farmers – A Net profit calculator, which guards against pilfer, wastage and fraud. And have developed a Buy Back Price equation to ensure profitability; created a database that is searchable across various parameters; and have designed an effective Customer Satisfaction Centre for support services”.
“Presently, we are working on developing a Broiler Training School for farm managers and owners and based on farm practices, we are in the process of developing a mobile application to ease operations and farmer interaction. We’re putting all these things in place to ensure that our farmers are in business and making enviable profit.
“Our happiness lies in seeing farmers increase in capacity since we have the ability to accommodate their produce” he concluded.
While attending to questions from pressmen, Mr Albert Begerano, COO of the group hinted that the natnuPreneur programme has thrived because of its backbones like, Amo farm which produces about 1,900,000 day olds weekly, with broiler chicks being 800,000 of that number.
Amo Byng, which has storage capacity for 500 metric tonnes of feeds and maize, produces between 600-1,000 tonnes of feeds daily. And natnudO foods, where off taken birds are slaughtered and packaged, daily producing 30,000 frozen chickens in the west, 10,000 in the north and 15,000 in the east, totaling 55,000 birds daily with other facilities for storage and preservation like blast freezers and cold rooms that could take over 600 tonnes of frozen chicken in the west alone.
Also speaking with newsmen during the tour, Mrs Adepeju Cole, a staff of Sandtech Farms, a natnuPreneur farm in Oyo State said “Since we joined the scheme about a year ago, our capacity has increased to 30,000 birds. Presently, we have 20,000 birds on our farm. In fact, this is our 5th cycle with natnuPreneur and it has been quite profitable. Through the help of the FSR in our area, our mortality rate has reduced from 10% to 4% and we’ve also been able to achieve the agreed weight of 1.75 for our broilers” She revealed.
In addition, Mrs Remi Tomori of Honeydew Farms in Arulogun Ibadan said, “Our farm has a capacity of 4,000 birds which are presently in their 5th week. We joined natnuPreneur in October 2014 and till date, only 15 birds mortality has been recorded on our farm. Through training and regular visitation, we realize an average weight of 1.8 as against the 1.7 minimum agreed weight. We’ve also been able to do between 5 – 7 cycles per year”.
“Before we joined natnuPreneur, we were rearing layers but there were too many challenges; pilfering, high mortality, debt, stress and even marketing problems. But, natnuPreneur is taking all these risks and stress off us. The scheme is incomparable in terms of returns on investment as I realize more than 50% profit annually” she added.
Mr Toromade Francis, Group Head, Policy & Strategy, while also addressing newsmen said that the essence of the natnuPreneur scheme is to help farmers use fewer resources to get more results and enhance sustained profitability. He added that, poultry farmers are now more efficient and moribund farms have jerked back to life through the initiative.
Lately, the Federal Government is placing special focus on the agricultural sector to create employment for Nigerians, as a means to alleviate poverty. Recall that Vice President Yemi Osinbajo while addressing guests at the Edo Fertilizer Plant commissioning recently in Edo State mentioned that the private sector contribution is vital to the development of the agriculture and the realization of government’s goal of food security.
Osinbajo also assured that government at all levels will continue to do everything necessary to create an enabling environment for the survival of the private sector.
“The Buhari administration takes private enterprise very seriously. We believe that government resources cannot bring about the rapid roll out we need, especially in the areas of infrastructure and industrial development. It is the private sector that can do so. We are therefore committed to making it easy for businessmen to invest and do business in Nigeria”.
“Every State and Local Government must be involved in the effort to ensure that private businesses thrive and create employment opportunities for our growing youth population. By harnessing private capital and the great entrepreneurial spirit of Nigerians, I believe we can seriously leverage on government resources and accelerate economic development” he had included.
Reiterating the importance of private sector involvement in the agricultural sector of the nation, Mr. Aliko Dangote, owner of Dangote Group of Companies asserted that “there is an urgent need for private sector stakeholders in agriculture to work together towards growing Nigeria’s agriculture, diversifying from oil and gas dependency, encouraging agricultural industrialization, and creating an enabling environment for agribusiness to thrive. NABG strives to engage government at all levels in setting policy direction and regulatory reforms to enable sustainable inclusive socio-economic growth by creating systematic linkages between small, medium and large agribusiness enterprises”.
Economy
UK Backs Nigeria With Two Flagship Economic Reform Programmes
By Adedapo Adesanya
The United Kingdom via the British High Commission in Abuja has launched two flagship economic reform programmes – the Nigeria Economic Stability & Transformation (NEST) programme and the Nigeria Public Finance Facility (NPFF) -as part of efforts to support Nigeria’s economic reform and growth agenda.
Backed by a £12.4 million UK investment, NEST and NPFF sit at the centre of the UK-Nigeria mutual growth partnership and support Nigeria’s efforts to strengthen macroeconomic stability, improve fiscal resilience, and create a more competitive environment for investment and private-sector growth.
Speaking at the launch, Cynthia Rowe, Head of Development Cooperation at the British High Commission in Abuja, said, “These two programmes sit at the heart of our economic development cooperation with Nigeria. They reflect a shared commitment to strengthening the fundamentals that matter most for our stability, confidence, and long-term growth.”
The launch followed the inaugural meeting of the Joint UK-Nigeria Steering Committee, which endorsed the approach of both programmes and confirmed strong alignment between the UK and Nigeria on priority areas for delivery.
Representing the Government of Nigeria, Special Adviser to the President of Nigeria on Finance and the Economy, Mrs Sanyade Okoli, welcomed the collaboration, touting it as crucial to current, critical reforms.
“We welcome the United Kingdom’s support through these new programmes as a strong demonstration of our shared commitment to Nigeria’s economic stability and long-term prosperity. At a time when we are implementing critical reforms to strengthen fiscal resilience, improve macroeconomic stability, and unlock inclusive growth, this partnership will provide valuable technical support. Together, we are laying the foundation for a more resilient economy that delivers sustainable development and improved livelihoods for all Nigerians.”
On his part, Mr Jonny Baxter, British Deputy High Commissioner in Lagos, highlighted the significance of the programmes within the wider UK-Nigeria mutual growth partnership.
“NEST and NPFF are central to our shared approach to strengthening the foundations that underpin long-term economic prosperity. They sit firmly within the UK-Nigeria mutual growth partnership.”
Economy
MTN Nigeria, SMEDAN to Boost SME Digital Growth
By Aduragbemi Omiyale
A strategic partnership aimed at accelerating the growth, digital capacity, and sustainability of Nigeria’s 40 million Micro, Small and Medium Enterprises (MSMEs) has been signed by MTN Nigeria and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
The collaboration will feature joint initiatives focused on digital inclusion, financial access, capacity building, and providing verified information for MSMEs.
With millions of small businesses depending on accurate guidance and easy-to-access support, MTN and SMEDAN say their shared platform will address gaps in communication, misinformation, and access to opportunities.
At the formal signing of the Memorandum of Understanding (MoU) on Thursday, November 27, 2025, in Lagos, the stage was set for the immediate roll-out of tools, content, and resources that will support MSMEs nationwide.
The chief operating officer of MTN Nigeria, Mr Ayham Moussa, reiterated the company’s commitment to supporting Nigeria’s economic development, stating that MSMEs are the lifeline of Nigeria’s economy.
“SMEs are the backbone of the economy and the backbone of employment in Nigeria. We are delighted to power SMEDAN’s platform and provide tools that help MSMEs reach customers, obtain funding, and access wider markets. This collaboration serves both our business and social development objectives,” he stated.
Also, the Chief Enterprise Business Officer of MTN Nigeria, Ms Lynda Saint-Nwafor, described the MoU as a tool to “meet SMEs at the point of their needs,” noting that nano, micro, small, and medium businesses each require different resources to scale.
“Some SMEs need guidance, some need resources; others need opportunities or workforce support. This platform allows them to access whatever they need. We are committed to identifying opportunities across financial inclusion, digital inclusion, and capacity building that help SMEs to scale,” she noted.
Also commenting, the Director General of SMEDAN, Mr Charles Odii, emphasised the significance of the collaboration, noting that the agency cannot meet its mandate without leveraging technology and private-sector expertise.
“We have approximately 40 million MSMEs in Nigeria, and only about 400 SMEDAN staff. We cannot fulfil our mandate without technology, data, and strong partners.
“MTN already has the infrastructure and tools to support MSMEs from payments to identity, hosting, learning, and more. With this partnership, we are confident we can achieve in a short time what would have taken years,” he disclosed.
Mr Odii highlighted that the SMEDAN-MTN collaboration would support businesses across their growth needs, guided by their four-point GROW model – Guidance, Resources, Opportunities, and Workforce Development.
He added that SMEDAN has already created over 100,000 jobs within its two-year administration and expects the partnership to significantly boost job creation, business expansion, and nationwide enterprise modernisation.
Economy
NGX Seeks Suspension of New Capital Gains Tax
By Adedapo Adesanya
The Nigerian Exchange (NGX) Limited is seeking review of the controversial Capital Gains Tax increase, fearing it will chase away foreign investors from the country’s capital market.
Nigeria’s new tax regime, which takes effect from January 1, 2026, represents one of the most significant changes to Nigeria’s tax system in recent years.
Under the new rules, the flat 10 per cent Capital Gains Tax rate has been replaced by progressive income tax rates ranging from zero to 30 per cent, depending on an investor’s overall income or profit level while large corporate investors will see the top rate reduced to 25 per cent as part of a wider corporate tax reform.
The chief executive of NGX, Mr Jude Chiemeka, said in a Bloomberg interview in Kigali, Rwanda that there should be a “removal of the capital gains tax completely, or perhaps deferring it for five years.”
According to him, Nigeria, having a higher Capital Gains Tax, will make investors redirect asset allocation to frontier markets and “countries that have less tax.”
“From a capital flow perspective, we should be concerned because all these international portfolio managers that invest across frontier markets will certainly go to where the cost of investing is not so burdensome,” the CEO said, as per Bloomberg. “That is really the angle one will look at it from.”
Meanwhile, the policy has been defended by the chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, who noted that the new tax will make investing in the capital market more attractive by reducing risks, promoting fairness, and simplifying compliance.
He noted that the framework allows investors to deduct legitimate costs such as brokerage fees, regulatory charges, realised capital losses, margin interest, and foreign exchange losses directly tied to investments, thereby ensuring that they are not taxed when operating at a loss.
Mr Oyedele also said the reforms introduced a more inclusive approach to taxation by exempting several categories of investors and transactions.
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