Connect with us

Economy

Nasarawa Donates Farmland to UNDP for Food Security

Published

on

Irrigated Farmland
By Ahmed Rahma

To tackle food insecurity in the state, the Nasarawa State government has donated 400 hectares of farmland to the United Nations Development Programme (UNDP) for agricultural purposes.

The Special Adviser to the Governor on Non-governmental organisations and Development Partners, Ms Munirat Abdullahion, handed over the land to the implementing partners at the project sites in Awe and Keana Local Government Areas of the state.

According to her, 300 farmers each from Jangwa, Ribi, Giza and Kadarko in Awe and Keana Local Government Areas have been selected and are currently undergoing training in the modern methods of animal and crop production for the commencement of the project.

She disclosed that the beneficiaries are people who were affected by the farmer-herder crisis and whose hope of livelihood have been tampered with, hence the donation to ensure food security in the state through mechanised farming.

Ms Abdullahion explained that the livelihood project was a component of the peace-building projects of the government in collaboration with the UNDP to address the plight of persons affected by the crisis in recent times.

The farmlands were acquired from four different villages in the southern zone of the state as part of Governor Abdullahi Sule’s effort in post-conflict programmes through food production and peace-building for the economic prosperity of the state, she said.

“Over 10,000 family members are expected to also benefit indirectly from the positive impacts of the gesture at the end of the programme,” Ms Abdullahion said.

She said besides making available the 400 hectares of farmland, the state government would also offer technical assistance, while the UNDP would provide farming inputs, equipment and other resources to ensure the success of the programme.

The governor’s aide restated the state government’s commitment to always work with genuine organisations towards improving the living standards of the people of the state.

“The project is in line with the policy of the present administration in the state to boost agricultural activities with and to create employment opportunities for the youths of the state,” she said.

Commending the state government for the gesture, Mr Enyi James, project manager of Thrive Agric, an implementing partner of the UNDP, who received the farmland on behalf of the UNDP, assured the government that they would soon commence agricultural activities in the area, to assist in addressing issues of food security in the state and the country as a whole.

He explained that they would train the farmers on modern techniques, provide boreholes and supply them with farming inputs to enable them to engage in dry season farming.

Mr James said by the time the programme commenced, it would go a long way in changing the fortunes of the farmers for the better.

Ahmed Rahma is a journalist with great interest in arts and craft. She is also a foodie who loves new ideas. She loves to travel and would love to visit other African countries someday. She is a sucker for historical movies and afrobeat.

Economy

EFCC Intercepts Eight Trucks With Illegally Mined Minerals in Benue

Published

on

efcc declare assets

By Adedapo Adesanya

The Economic and Financial Crimes Commission (EFCC) has intercepted eight trucks transporting suspected illegally mined solid minerals in Benue State as it intensifies the crackdown on illegal mining activities in the North Central region of the country.

This was disclosed in a statement by the anti-graft agency, on its official X handle, where it confirmed the arrests of the individuals involved.

The EFCC stated that the trucks were seized on Wednesday, March 19 in the Katsina-Ala Local Government Area of Benue State.

According to the EFCC, preliminary investigations revealed that the minerals—believed to be fluorite and iron stones—were mined from unauthorized sites in Logo Local Government Area of the state.

Business Post reports that the Benue State government had paused all mining activities, as it was responsible for some of the crisis in the state.

“We are determined to combat the illegal mining of Nigeria’s mineral resources and bring perpetrators to justice. The suspects will be charged to court as soon as investigations are concluded,” EFCC tweeted on X, formerly known as Twitter.

Illegal mining has been a growing concern in Nigeria, with authorities warning that the illicit extraction of solid minerals deprives the country of valuable revenue and contributes to environmental degradation.

The EFCC was involved in the issue of mining to quell further economic losses facing the nation.

According to the Minister of Solid Minerals, Mr Dele Alake, the government is losing trillions of Naira to unregulated and illegal mining activities.

He disclosed earlier this week that the Federal Executive Council (FEC) had approved N2.5 billion for the procurement of an integrated solution framework to combat illegal and unregulated mining activities.

He also disclosed that his ministry had opted for dialogue and collaboration with state governors rather than confrontation, saying many governors were initially unaware of the constitutional framework governing mining, but have now been engaged through discussions facilitated by the Nigeria Governors’ Forum (NGF).

Mr Alake noted that states must collaborate with federal authorities in addressing illegal mining and related criminal activities.

Continue Reading

Economy

NGX, CBN, MinieMoney Teach Over 200 Students Money Management Tips

Published

on

Grow Your Money

By Aduragbemi Omiyale

As part of the 2025 Global Money Week celebration, over 200 students were recently selected and equipped with essential financial literacy skills.

This seminar on money management tips was put together by the Nigerian Exchange (NGX) Group Plc, in collaboration with the Central Bank of Nigeria (CBN) and MinieMoney.

It underscored a shared commitment to fostering financial inclusion and equipping young Nigerians with the knowledge required for long-term financial well-being.

The event was organised to mark the Global Money Week, is a global initiative currently in its 13th edition designed to promote financial education among young people, ensuring they develop the critical thinking skills needed to make informed financial decisions.

The 2025 theme, Think Before You Follow, Wise Money Tomorrow, reinforces the importance of strategic financial planning from an early age.

The Head of Trading and Products at NGX, Mr Abimbola Babalola, highlighted the transformative power of financial literacy in shaping students’ futures.

“The financial choices you make today will determine the quality of your life tomorrow. Understanding saving, investing, and responsible money management early on will put you on the path to financial success,” he stated.

Also, the Assistant Director of the Consumer Protection Department at CBN, Mr Christian Mordi, introduced the CBN’s ‘Sabi Money’ platform, designed to enhance financial education nationwide.

“Financial literacy extends beyond numbers; it is about developing discipline, patience, and informed decision-making skills that foster economic security,” he noted.

On his part, the chief executive of MinieMoney, Mr Gbolahan Faniran, emphasized the importance of early investment habits and leveraging the power of compound interest.

“Achieving financial success is not about following trends but about making intentional money choices today that ensure a secure future,” he said.

Business Post reports that students from Vivian Fowler Memorial College for Girls, Dansol High School, Kith and Kin Educational Schools, Caleb British International School, Lagos Preparatory and Secondary School, and The Bells Comprehensive Secondary School attended the programme.

They engaged in insightful discussions on financial literacy, investment strategies, and capital market operations, with the added opportunity to experience firsthand the dynamics of the NGX trading floor.

Continue Reading

Economy

Geo-Fluids, Two Others Weaken NASD OTC Exchange by 0.13%

Published

on

Geo-Fluids

By Adedapo Adesanya

The trio of Geo-Fluids Plc, Food Concepts Plc, and Industrial and General Insurance (IGI) Plc were extended the stay of the NASD Over-the-Counter (OTC) Securities Exchange in the red region for another trading day, weakening the alternative stock exchange further by 0.13 per cent on Thursday, March 20.

Geo-Fluids Plc lost 15 Kobo to trade at N2.70 per unit compared with the previous day’s N2.85 per unit, Food Concepts Plc declined by 6 Kobo to close at N1.49 per share versus Wednesday’s closing price of N1.55 per share, and IGI Plc tumbled by 2 Kobo to settle at 37 Kobo per unit, in contrast to the 39 Kobo per unit it traded a day earlier.

As a result, the NASD Unlisted Security Index (NSI) went down by 4.36 points to close at 3,373.62 points, in contrast to the previous trading day’s 3,377.98 points.

In the same vein, the market capitalisation of the bourse depreciated by N2.51 billion to settle at N1.948 trillion compared with the preceding day’s N1.951 trillion.

During the trading session, the volume of securities traded at the bourse crumbled by 99.4 per cent to 201,873 units from the 31.3 million units recorded on Wednesday, the value of securities bought and sold by the market participants moderated by 97.7 per cent to N776,509.51 from the N33.3 million quoted a day earlier, and the number of deals carried out by investors decreased by 26.1 per cent to 17 deals from 23 deals.

When the market closed for the day, Impresit Bakolori Plc remained the most active stock by value (year-to-date) with 533.9 million units sold for N520.9 million, followed by FrieslandCampina Wamco Nigeria Plc with 13.0 million units valued at N505.1 million, and Afriland Properties Plc with 17.5 million units worth N359.5 million.

In the same vein, Impresit Bakolori Plc remained the most active stock by volume (year-to-date) with 533.9 million units valued at N520.9 million, trailed by IGI Plc with 69.9 million units sold for N23.7 million, and Geo-Fluids Plc with 44.1 million units worth N88.9 million.

Continue Reading

Trending