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Economy

Digital Technology Future of Agriculture in Africa–Osinbajo

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agric tech

By Adedapo Adesanya

If Nigeria is to drive for change in agriculture across Africa, then it is time to look at the utilization and application of digital technology, the Vice President of the country, Mr Yemi Osinbajo, has said.

According to Mr Osinbajo, who made this statement on Wednesday at the panel discussion session of the African Green Revolution (AFGR), being held at International Conference Centre, Accra, Ghana, the application of digital technology was the way forward for the continent.

The event, which holds between September 3 – 6 focusing on the theme Grow Digital: Leveraging Digital Transformation to Drive Sustainable Food Systems in Africa” has in attendance former UK Prime Minister, Mr Tony Blair; Nigeria’s Vice President; President of Ghana, Mr Nana Akufo-Addo; Prime Minister of Rwanda, Mr Edouard Ngirente; AU Commissioner for Agriculture, Ms Josefa Sacko; amongst others.

During the discussions, Mr Osinbajo disclosed that there were many companies in Nigeria that see potentials in agriculture and expressed the willingness of the Nigerian government to support them by keying into the agriculture space.

According to the Vice President, one of the big advantages of technology is collaboration, which is the major future of digital technology.

“What we found is that there is far more collaboration than before and there is far more transparency; you can see practically everything and anyone who is connected one way or the other and people learn faster because of a lot of collaboration.

“People can get online; find out what this company is doing; some companies are linking investors to farmers and it is so easy to find out what they are doing by simply going to their website.

“Some of the Fintech companies are also in that space helping to make payments; helping to do transactions and a lot of them are doing well just by building the space.

“The way it is going; frankly, I can’t see how it will not completely revolutionalise agriculture because practically everywhere that digital technology has touched; it completely revolutionalised.

“And I don’t think we have a choice; what we are going to see is that digital technology will change the face of agriculture in Africa,” he said.

The vice president speaking on ways that the country would utilize digitalization and agriculture said that digital technology was getting easier to manage especially with mobile payments and mobile platforms.

He noted that in Nigeria, there was a vast number of mobile internet participation claiming the country ranked high in terms of using mobile phones despite differences in educational background.

Setting the pace, Mr Osinbajo disclosed that the Nigerian government did a lot of cash transfer payments and payments to the most vulnerable through its alleviation programmes using mobile phones.

“So, I think it is actually getting easier; one of the advantages of digital technology is that if you are a digital native as they call them, you are able to learn faster.

“We are looking at the application of digital technology not just in agriculture but in our society and economy as a whole,’’ he said.

He further added that Nigeria was modernising farming through the application of digital agriculture.

On his part, President Akufo-Addo said that Ghana had modernised significantly in agriculture in recent years and the country was developing the capacity to feed the world via agriculture.

“We are looking at how to take advantage of the markets of the world for our agriculture.

“How to penetrate the markets of the world,’’ he said.

Prime Minister Ngirente of Rwanda, however, identified that many challenges faced the potential agriculture setting noting that scarcity of fertilizer, post-harvest losses among others as confronted agriculture on the continent.

He also added that digitalisation was part of agriculture reforms ongoing in Rwanda.

“Today, everyone who wants to invest in agriculture has internet.

“We have invested heavily in managing climate and we are involving the youths in agriculture and making the sector profitable,’’ he said.

Ms Sacko, on her part, commended the East African countries for doing very well in digital agriculture and called on other countries to strive more in that regard.

The AGRF presents a premier platform for African and global leaders from both the public and private sectors to advance policies, programmes and investments as well as harnessing agriculture in ensuring food security, increasing income and promoting economic development.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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