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Nigeria’s food importation policy could destroy country’s agriculture, warns Akinwumi Adesina

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Dr. Akinwumi Adesina, President of the African Development Bank Group has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture.

Dr. Akinwumi Adesina

This follows the announcement by Nigeria’s Minister for Agriculture Abubakar Kyari on July 10 that the Federal Government would suspend duties, tariffs, and taxes on the importation of maize, husked brown rice, wheat, and cowpeas through the country’s land and sea borders, for 150 days.

“Nigeria’s recently announced policy to open its borders for massive food imports, just to tackle short-term food price hikes, is depressing,” Adesina told African Primates of the Anglican Church at a Retreat in Abuja, Nigeria, on Friday.

He warned that the policy could undermine all the hard work and private investments that have gone into Nigeria’s agriculture sector.

“Nigeria cannot rely on the importation of food to stabilize prices. Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending, that will further help stabilize the Naira,” said the African Development Bank president.

“Nigeria cannot import its way out of food insecurity,” he said, “Nigeria must not be turned into a food import-dependent nation.”

Speaking on the theme ‘Food security and financial sustainability in Africa: The role of the Church’, Adesina said Nigeria “must feed itself with pride,” warning, “a nation that depends on others to feed itself, is independent only in name.”

Faith and food security

The clergymen assembled in Abuja under the umbrella of the Council of Anglican Provinces of Africa (CAPA), representing more than 40 million Anglicans across the continent.

In his opening remarks, the host, His Grace the Most Reverend Henry C. Ndukuba, Primate of the Church of Nigeria (Anglican Communion), said the gathering was a unique opportunity for African Anglican leaders to deepen bonds of friendship and collaboration, and to share collective wisdom and experiences.

The chairperson of the event, Emeritus Nigerian Professor of Science Education, Olugbemiro Jegede, told Adesina: “You have the whole of Africa represented here. Every Primate represents a region. Behind these Primates are millions and millions of Anglicans who are listening to us here.”

Noting that Africa accounts for nearly a third of the more than 780 million people worldwide who are hungry, the African Development Bank president said agriculture is critical for the diversification of economies, and for the transformation of rural areas, where over 70 percent of the population of Africa live. “It is clear therefore that unless we transform agriculture, Africa cannot eliminate poverty,” he insisted.

Adesina said Africa has 65 percent of the uncultivated arable land left in the world, to feed 9.5 billion people by 2050. Therefore, what Africa does with agriculture will determine the future of food in the world. “Essentially, food is money. The size of the food and agriculture market in Africa will reach $1 trillion by 2030.”

Transformational strides

Adesina briefed the Primates on the Bank’s $25 billion program to transform agriculture by providing high performing agricultural technologies for 40 million farmers and making Africa food self-sufficient by 2030.

He shared the Bank’s successes in helping member countries tackle the negative effects of climate change, through financial investments and its flagship Technologies for African Agricultural Transformation (TAAT) program.

According to the Bank president, TAAT has helped Ethiopia to become a net exporter of wheat within five years, and it has significantly increased Sudan’s wheat production, as well as supported countries in Eastern and Southern Africa to continue producing food in the face of a prolonged drought.

For Nigeria, Adesina said, “Together with the Islamic Development Bank and the International Fund for Agricultural Development, we have provided $520 million to support the establishment of Special Agricultural Processing Zones, which will allow private agribusinesses to establish industries that process and add value to agricultural commodities.”

In addition, the Bank provided $134 million to Nigeria for emergency food production to help drive down food price inflation, by significantly boosting the local production of wheat, and cassava, under the national Agricultural Growth Scheme.

Adesina urged the Nigerian government to take advantage of the Bank’s investments and support for African farmers; show greater determination and commitment to achieving food self-sufficiency, and to incentivize private sector agribusinesses.

To support Africa’s ambitions to move up the global agricultural value chains, the African Development Bank Group and its partners, are supporting the development of 28 Special Agro-Industrial Processing Zones (SAPZs) l in 11 countries, with $4.5 billion dollars mobilized so far.

Speaking on behalf of the Chairman of the Council of Anglican Provinces of Africa and Bishop of Northern Zambia, the Most Reverend Albert Chama, the Archbishop of the Anglican Church of Kenya, the Most Reverend Dr. Jackson Ole Sapit, called for greater cooperation between the Bank Group and the Anglican Church.

“The African mind must be at the center of solving African problems. If the African Development Bank mobilizes resources for the African continent, and the Church also mobilizes resources for holistic transformation, we can achieve a lot working together – and make a difference,” Ole Sapit said.

The church as a change agent

Proposing solutions for agriculture in Africa, Adesina said the world desperately needs “visionary and passionate leaders who are strategic solution providers and transformational change makers.”

This includes, he said, public advocacy for robust government policies to end hunger and malnutrition, complemented by church-led food banks and other social protection programs for the poor and needy; investing in commercial farms, especially in rural areas; advocacy on issues of climate change; supporting and encouraging young Africans to engage in agricultural entrepreneurship; and demanding greater financial accountability, public probity, and better financial management from governments.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Senate Approves New $2.2Bn External Borrowing for Nigeria

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The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu.

Senate Approves New $2.2Bn External Borrowing for Nigeria

The approval followed the adoption of the report of the Senate Committee on Local and Foreign Debts at the plenary session on Thursday.

The report was presented by the Sen. Aliyu Wammako, chairman of the Committee.

President Bola Tinubu had on Tuesday, Nov 19, in separate letters to both chambers of the National Assembly, requested approval of a $2.2 billion external borrowing plan to part fund the N9.7 trillion deficit in the 2024 budget .

Senate upon receipt of the request, mandated its committee on local and foreign debts to expeditiously ensure further legislative inputs on the request and report back within 24 hours.

Presenting the committee‘s report, Wammako said the presidential request was very necessary for approval.

He said the loan request would be utilised for execution of ongoing projects and programmes in the 2024 appropriation act , saying that the projects were critical for national growth and development.

“It will contribute to the implementation of the debt management strategy, which seeks to reduce the cost of borrowing.

” It will lengthen maturity of the public debt stock, free – up space in the domestic market for other borrowers, and help increase Nigeria’s external reserves .” Wammako said Nigeria could raise all or part of the 2.2billion dollars through the issuance of Eurobonds in the International Capital Market ( ICM) .

Wammako thereafter is recommended as follows:

“That the Senate do approve the implementation of the new external borrowing of 2.2 billion dollars at the budget exchange rate of one dollars to N800 in the 2024 appropriation act and that the amount should be raised from one or more sources.

“Namely, issuance of eurobonds in the ICM, issuance of debut sovereign Sukuk in the ICM, and bridge, syndicated loans, subject to market conditions.”

The report was thereafter unanimously approved via an affirmative voice vote.

In his remarks after the approval, Senator Jibrin Barau, deputy president of the Senate, who presided plenary, commended the Wammako led committee for a job well done.


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Airtel, Mobihealth Partner to Improve Healthcare Access for Nigerians

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Airtel Nigeria, a telecommunication and mobile money service provider, has announced a groundbreaking partnership with Mobihealth International, a pioneering telehealth service provider.

This strategic collaboration is set to significantly improve healthcare access for millions of people across Nigeria, particularly in underserved communities.

Under this partnership, Nigerians will enjoy affordable and round the clock access to Mobihealth’s innovative telemedicine services, allowing them to connect with licensed healthcare professionals from the comfort of their homes via mobile phones.

Mobihealth’s platform offers a range of services including 24/7 teleconsultations, prescription services, delivery of genuine medications, and access to international medical specialists.

A Game Changer for Healthcare in Africa

Airtel’s vast network infrastructure will empower Mobihealth to extend its reach to rural and remote areas, ensuring that even the most vulnerable populations can access quality healthcare. This partnership also aims to support the government’s efforts at resolving the nation’s healthcare challenges, including limited access to doctors, high healthcare costs, and a shortage of medical facilities.

Speaking on the partnership, Femi Oshinlaja, Chief Commercial Officer of Airtel Nigeria, stated, “We believe that telemedicine will play a crucial role in Nigeria’s healthcare future. Our partnership with Mobihealth showcases our dedication to providing innovative solutions that significantly improve the lives of Nigerians.”

Dr. Funmi Adewara, Founder and CEO of Mobihealth, added: “This partnership with Airtel is a major milestone in our mission to democratize healthcare in Africa. Together, we will offer a lifeline to millions who face barriers to accessing timely, affordable, and quality medical care. Our telehealth platform will provide convenient access to qualified doctors, diagnostics, and treatments, ensuring that no one is left behind.”

This collaboration is expected to transform the healthcare landscape across Nigeria, making healthcare services more accessible, affordable, and effective.

 


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Africa Digital Awards Honours Mayomi Tonye as Outstanding Technology Personality in Healthcare Management

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Mrs. Mayomi Tonye, a distinguished healthcare administrator and innovator, has been honored with the prestigious title of Outstanding Technology Personality in Healthcare Management at the Africa Digital Awards 2024.

This recognition celebrates her remarkable contributions to the healthcare industry, leveraging cutting-edge technology to create value, drive profitability, and achieve operational success across various healthcare institutions under her management.

Mrs. Tonye Mayomi has consistently demonstrated excellence in integrating technology into healthcare practices, revolutionizing traditional methods and setting benchmarks for efficiency and innovation. With over a decade of experience in healthcare management, her expertise spans across general practice medicine, dentistry, oncology, dialysis care, and psychiatric care, both in Nigeria and the United States.

Through her visionary leadership, Mrs. Mayomi has overseen the successful deployment of digital solutions that have enhanced patient care, streamlined workflows, and optimized the profitability of healthcare facilities.

These include implementing state-of-the-art CRM systems for hospital operations, integrating telemedicine platforms to increase accessibility for patients, and utilizing data-driven insights for improved decision-making in patient and resource management.

Under her guidance, institutions such as UPSILLON Care Hospital and Upscale Wellness have thrived, incorporating advanced tools like 3D dental lab technology, digital patient flow systems, and online pharmacy solutions. These innovations have significantly improved patient experiences while ensuring cost-effective and timely access to healthcare services.

Mrs. Mayomi’s visionary contributions extend beyond operations to fostering talent and entrepreneurship in the healthcare sector. Through her consultancy firm, Ty’s Med Spaces, she has been instrumental in setting up modern healthcare facilities and equipping future healthcare administrators with the skills needed to excel in a digital era.

Speaking on the award, Mrs. Mayomi expressed her gratitude and reaffirmed her commitment to advancing healthcare through technology. “This recognition is a testament to the transformative power of technology in healthcare. I am deeply honored to receive this award, and it inspires me to continue innovating and driving positive change in the industry.

“My goal has always been to bridge the gap between quality healthcare and technology, ensuring that patients receive the best care possible while optimizing resources for long-term growth.”

The Africa Digital Awards serves as a platform to recognize and celebrate individuals and organizations driving digital transformation across various sectors on the continent. Mrs. Mayomi Tonye’s recognition reaffirms her position as a trailblazer in healthcare management and a champion for the integration of technology into healthcare practices.

This accolade underscores Mrs. Mayomi’s commitment to shaping the future of healthcare in Africa, ensuring that innovative solutions translate into accessible, efficient, and sustainable healthcare systems for all.

 


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