NIRSAL Markets Retirement Plans to Nigerian Editors

Image

By Adedapo Adesanya

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has extended a hand of partnership to the Nigerian Guild of Editors (NGE) to enhance their livelihood after retirement.

This was disclosed by Mr Aliyu Abdulhameed, the Managing Director and Chief Executive Officer of NIRSAL during his keynote address at the 17th All Nigeria Editors’ Conference (ANEC) 2021, organised by the guild on Friday in Abuja.

Mr Abdulhameed said there were many opportunities and services at NIRSAL that the Nigerian editors could benefit from, adding that the organisation was ready to partner with the guild.

“What NIRSAL would do with the NGE is to speak with them through a technical team set up by the guild and create a model for upstream and downstream of how the guild can benefit from the various opportunities in NIRSAL.

“Then, we optimise these models so that when we put in one naira, we can get three Naira in returns, because, it is not economically wise to put in one naira and get one naira.

“The agriculture sector is subject to science and modelling. So when we optimise your project with you, we then optimise financial solutions. Then we approach the bank.

“My call of action to the guild is, how can we work with you to create a technical pilot model to benefit the guild,” Mr Abdulhameed said.

He urged members of the NGE to understand that agriculture was a business venture, adding that the sector contributed to about 24 per cent of Nigeria’s Gross Domestic Products (GDP).

He stressed that in Brazil and Egypt, especially in the Nile Valley, agriculture has been passed from generation to generation, saying it had the potential of enhancing the livelihood of the citizens.

According to him, it is regrettable that a lot of farmers think agriculture only begins and ends with production.

He said production was an aspect of agriculture, there was a need for other chains like packaging to enhance value.

Share
Related Stories
Image
28-February-2024

Firms in Nigeria to Pay Annual Levy for Hiring Foreigners

By Aduragbemi Omiyale A new tax known as Expatriate Employment Levy (EEL) has been introduced by the federal government and it is to be paid by companies, which hire foreigners to work in Nigeria. The scheme was launched on Tuesday in Abuja by President Bola Tinubu and it is to close wage gaps between expatriates and Nigerian workers. The government explained that the policy aims to find a balance between leveraging foreign expertise and fostering local talent in Nigeria’s job market through the EEL, emphasising that it is not to discourage foreign investments. It was stressed that the level would

Image
07-March-2024

Tinubu Removes Ahmad as Rural Electrification Agency CEO

By Modupe Gbadeyanka President Bola Tinubu has announced the indefinite suspension of the chief executive of the Rural Electrification Agency (REA), Mr Ahmad Salihijo Ahmad. A statement issued on Thursday night disclosed that Mr Ahmad was asked to step aside alongside three executive directors of the agency over their alleged involvement in the fraudulent mis-expenditure amounting to over N1.2 billion over the past two years. Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, who signed the statement, gave the names of the affected directors as Olaniyi Alaba Netufo, the Executive Director for Corporate Services; Barka Sajou,

Image
29-January-2024

Stanislaus Martins to Lead Aleph Operations in West Africa

By Modupe Gbadeyanka Mr Stanislaus Martins has been appointed as the Managing Director of Aleph Group for West Africa, a statement from the firm has confirmed. Mr Martins is expected to lead the entire operations of Aleph across the West Africa region, with a focus on solidifying the company’s position as the region’s premier sales partner for digital platforms, cultivating strategic partnerships, and driving the growth of the West African digital economy. The new MD boasts nearly two decades of experience spearheading successful initiatives across industries. He has a comprehensive understanding of the African digital landscape, having previously served as

More Stories
Image
30-March-2017

Ogun Attracts 75% of FDI in Nigeria—UK Envoy

By Dipo Olowookere The British Deputy High Commissioner to Nigeria, Ms Laure Beaufils, on Thursday, revealed that 75 percent of the Foreign Direct Investments (FDI) in Nigeria is now in Ogun State. The British envoy, according to a statement issued by the Senior Special Assistant to the Governor on Media, Mr Adejuwon Soyinka, stated this when she led a delegation from the Department for International Development, DFID, on a courtesy visit to the Governor at his Oke-Mosan, Abeokuta office. In the course of the visit, the British envoy expressed delight at the development and wanted to know how the Mr

Image
05-October-2019

NSE Seeks Stockbrokers, Fund Managers Ties to Boost Retail Investment

By Adedapo Adesanya The Nigerian Stock Exchange (NSE) in a collaborative effort with fund managers enlightened market professionals on the features and benefits of the NSE Mutual Fund Trading and Distribution Platform on Thursday, October 3, 2019 in Lagos. The event was aimed at enhancing visibility for listed mutual funds and increase investment interest amongst retail investors to further enhance access to a wide range of open-ended funds in Nigeria. The one-day workshop featured the Head, Investment Management Department at the Securities Exchange Commission, Mr Efiok E. Efiok; President of the Fund Managers Association of Nigeria (FMAN), Mr Dayo Obisan;

Image
13-December-2018

5G Spectrum: Mobile Industry Could Generate $565b—Study

Unlocking spectrum for the mobile industry to deliver innovative 5G services across different industry sectors could add $565 billion to global GDP and $152 billion in tax revenue from 2020 to 2034, a new report launched by GSMA has said. Next-generation 5G services will improve access to healthcare, education and mobility whilst reducing pollution and increasing safety, it added, stressing that these outcomes rely on government support for the identification of sufficient millimetre wave (mmWave) spectrum for the mobile industry at the next ITU World Radiocommunication Conference in 2019 (WRC-19). The report, “Socio-Economic Benefits of 5G Services Provided in mmWave

Image
17-May-2017

Ilori Retires as Axa Mansard Insurance CEO

By Modupe Gbadeyanka The management of Axa Mansard Insurance Plc has disclosed that Mrs Yetunde Ilori would be retiring as the Chief Executive Officer (CEO) of the company from July 17, 2017. A statement issued by the firm stated that Mr Kunle Ahmed, an Executive Director –Technical, has been nominated by the board of directors of the company to replace Mrs Ilori subject to regulatory approval from the National Insurance Commission. “The Board and Management of AXA Mansard Insurance Plc are confident that his wealth of experience would benefit not only the Company but the industry as a whole,” the

Image
16-November-2023

Bitcoin Beyond Halving: Predicting the Path to the Next Decade

Introduction Since its inception in 2009, Bitcoin has captured the world’s attention and revolutionized the financial landscape. Its decentralized nature and limited supply have made it a magnet for investors seeking an alternative to traditional fiat currencies. As the decade-long journey continues, analysts and enthusiasts are closely observing the impact of halving events on Bitcoin’s price and overall trajectory. In this article, we explore the possible scenarios for Bitcoin in the next decade, reflecting on its past performances while keeping an eye on emerging opportunities. So, if you are planning to invest in crypto like Bitcoin, you may consider visiting

Image
25-October-2017

Conoil’s MD, Director, Financial Controller Resign

By Modupe Gbadeyanka The resignation of three key officers of Conoil Plc has raised questions in some quarters as the company battle poor financial performance. In a letter dated October 23, 2017, and sent to the Nigerian Stock Exchange (NSE), the oil firm said its Managing Director, Mr Sanjay Mathur, an Indian, was resigning from his position. The company also said its Executive Director in charge of Finance, Mr Bamidele Ogunnaike; and the Financial Controller, Mr Abdulateef Ijaiya, has also left the company. Though no reason was given by the firm for these actions, it only said vacancies created by

Image
11-January-2018

Ex-Nigeria Airways Workers Plan Massive Protest in Abuja

By Dipo Olowookere Former employees of the defunct Nigeria Airways are planning to hold a protest in Abuja to demand payment of their gratuity. The demonstration, Business Post gathered, is likely to hold in February and from all indications, it would be a sit-out. On September 20, 2017, the Federal Executive Council (FEC) approved the payment of N45 billion severance package to the former aviation employees. However, since the announcement, former members of staff of Nigeria Airways were yet to be called for verification ahead of the payment. The N45 billion is payment of their gratuity for six year instead

Image
14-April-2022

Grace Amuzie Offers Low-Income Families Cheap Educational Services

By Aduragbemi Omiyale Even though quality education is far beyond the reach of low-income families, they can still give their children the best at affordable rates without hassles. This is where Grace Amuzie comes in to bridge the gap by offering quality and low-cost educational services to those believed to be at the last base of the strata. She recently won the first position at the Savvy Prize for Impact Driven Entrepreneurs through her Recycle Pay Project Initiative, which she uses to fund Isrina Schools. Isrina Schools targets male and female students between the ages of 2 to 13 from

Ad
Ad
Recent Stories
Image
19-March-2024

Brent Jumps to $86 Per Barrel on Low Crude Exports, Stronger Demand

By Adedapo Adesanya  The price of the international crude benchmark, Brent Crude, rose by 88 cents or 1.0 per cent to $86.22 per barrel on Monday, triggered by lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the US. Also, the US West Texas Intermediate (WTI) crude appreciated by $1.01 or 1.3 per cent to $82.05 per barrel, as Iraq, the second-largest producer in the Organisation of the Petroleum Exporting Countries (OPEC), said it would reduce crude exports to 3.3 million barrels a day in the coming months to compensate

Image
18-March-2024

Cardoso Begins CBN Clean-up, Removes Directors Close to Emefiele

By Aduragbemi Omiyale There are strong indications that some directors at the Central Bank of Nigeria (CBN) may have to lose their jobs in the in-house clean-up exercise by the Governor, Mr Yemi Cardoso. Reports suggest that Mr Cardoso wants to let go of some directors who worked closely with Mr Godwin Emefiele, who President Bola Tinubu believes worked to stop him from going to Aso Rock. Recall that during his electioneering campaign, Mr Tinubu accused the former CBN chief and some persons of introducing the botched Naira redesign policy to frustrate him. Immediately after he assumed office on May

Image
18-March-2024

Profit-Taking Depletes Nigerian Exchange by 0.40%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited succumbed to profit-taking on Monday, shedding 0.40 per cent despite a bullish investor sentiment. The local bourse ended with 27 price gainers and 18 price losers today, implying a positive market breadth index. The selling pressure was just investors booking profit after gains in the past few trading sessions, especially in MTN Nigeria, GTCO, Zenith Bank and others. The heaviest price depreciation was recorded by McNichols, 9.30 per cent, closing at N1.17, and was trailed by DAAR Communications, which shed 8.97 per cent to 71 Kobo. UPDC declined by 7.89 per cent

Image
18-March-2024

NCC Announces 90% Restoration of Voice, Data Services After Cable Cuts

By Adedapo Adesanya The Nigerian Communication Commission (NCC) has announced that voice and data services affected by undersea cable cuts last week have been 90 per cent restored. In a series of tweets signed by Mr Reuben Muoka, the Director of Public Affairs at the commission on Monday, March 18, the NCC said, “Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities.”

Image
18-March-2024

Unity Bank, SkillPaddy to Train Female Software Engineers

By Modupe Gbadeyanka At least 1,000 female software engineers will undergo a training programme organised by SkillPaddy through its Count Her In tech programme with support from Unity Bank Plc. The IT skill development and empowerment initiative is intended to bridge talent supply gaps while providing individuals with the opportunity to meet their training goals and launch careers in the tech industry. It was disclosed that about 40 young girls will receive full sponsorship from Unity Bank in the special training initiative which was conceived as part of activities to commemorate this year’s International Women’s Day 2024. All beneficiaries of

Image
18-March-2024

Your Moods Soundtracked With Spotify’s New Daylist Feature

Throughout the day, your mood changes, and so does the music you listen to. Last night might have been an island vibes riddim Monday night, while this moment is more of a nostalgic 2010s Tuesday afternoon. The point is, that you’re ever-changing, and your playlists should be too. Say hello to daylist, your day in a playlist. This new, one-of-a-kind playlist on Spotify ebbs and flows with unique vibes, bringing together the niche music you typically listen to during particular moments in the day or on specific days of the week. It updates frequently between sunrise and sunset with a

Image
18-March-2024

Stanbic IBTC Adopts Mala Kachallah Model School, Three Others

By Modupe Gbadeyanka Mala Kachallah Model School in Maiduguri, Borno State; Methodist School Mbiafun Nkwono Ikono, Akwa Ibom State; Aramoko District School, Aramoko Ekiti State; and Magin Rafi Model Primary School Tudun Wada, Sokoto State have been adopted by Stanbic IBTC Holdings Plc. The leading financial services provider in Nigeria revamped these citadels of learning under its Adopt-a-School programme structured on the company’s Social, Environmental, and Economic (SEE) framework, which aligns with its mission to be a responsible corporate citizen. It was learned that Stanbic IBTC renovated and rebuilt classroom blocks, provided modern and conducive learning environments, furnished classrooms, established

Image
18-March-2024

Nigeria’s Data Regulator Investigates Alleged NIMC Breach

By Adedapo Adesanya The Nigeria Data Protection Commission (NDPC) is investigating allegations of unauthorised access to the personal data of enrollees in the database of the National Identity Management Commission (NIMC). This was disclosed by Mr Vincent Olatunji, the National Commissioner of the data regulation body in a statement signed by Head of Legal, Enforcement and Regulations, NPDC, Mr Babatunde Bamigboye on Monday. He said the investigation is a further regulatory measure to be taken by the commission in the wake of public concerns over reports of illegal access, to the personal data of enrollees by a shadowy entity called

Image
18-March-2024

Russia Validates Partnership with Republic of Congo

By Kestér Kenn Klomegâh Over the years, Russia and the Republic of Congo have had good bilateral relations and, undoubtedly, there are still prospects for strengthening these relations, especially in the economy and security spheres as underlined during the meeting between Vladimir Putin and Denis Sassou-Nguesso in the Kremlin. “Our countries have always had friendly relations that have been developing this way for 55 years now. Our trade is growing – by over 60 per cent – although, unfortunately, the numbers in absolute terms are still modest. But, we have good potential in several industries, such as energy, the processing

Image
18-March-2024

2,250 Professionals for Interswitch Job Shadowing Programme

By Modupe Gbadeyanka An initiative known as Job Shadowing Programme designed to empower about 2,250 professionals through immersive training, tailored coaching, and mentorship sessions has been introduced by one of Africa’s leading integrated payments and digital commerce companies, Interswitch. A statement disclosed that the mentorship sessions would span diverse disciplines such as engineering, product management, operations, marketing, finance, and human resources. The firm explained that the scheme was designed to nurture emerging talent and enhance capabilities within the continent’s tech sector. Scheduled to run from March to June 2024, participants will immerse themselves in comprehensive training, gaining insights into industry