Business

Farmers-herders Crisis Costing Nigeria $14bn In Losses Annually – Buhari’s Aide

Published

4 years ago

April 26, 2022

Editor

Senior Special Assistant to the President on Agriculture, Dr. Andrew Kwasari has said Nigeria loses about $14 billion annually to the incessant conflicts between farmers and herders.

Kwasari revealed this in Abuja on Tuesday during his presentation at the Summit on National Livestock Transformation Plan (NLTP) with the theme: “Positioning The Nigerian Livestock Sector For 21st Century Economy, “jointly organised by the Federal Ministry of Agriculture and Rural Development and Agriculture Correspondents Association of Nigeria (ACAN).

To resolve the lingering crises between farmers and herders as well as reposition the livestock sector in the country, Kwasari, said the Federal Government in collaboration with states have begun the implementation of the National Livestock Transformation Plan (NLTP)2019–2028.

He noted that already 22 States have sent letters of expression of interest to the office of the Chairman of the National Economic Council and Vice President, Prof. Yemi Osinbajo, adding that 10 States have set up the States Livestock Transformation Office.

As part of the implementation strategy, he said four states have identified and mapped out the gazetted grazing reserves in their domain as well as taken off the implementation of the NLTP in earnest.

These states, according to him, include Nasarawa, Plateau, Adamawa and Kaduna.

Also speaking, Dr. Mohammad Mahmood Abubakar, Minister of Agriculture and Rural Development, explained that the two-day Summit was organised with the aim of enlightening stakeholders, investors and the general public on the inherent investment opportunities that abound in the livestock sub-sector, dispelling misconceptions about the real intentions of Government for initiating the National Livestock Transformation Plan (NLTP) and to stimulate active participation of Nigerians to reap the full benefits of NLTP in the short, medium and long terms

Abubakar pointed out that the bulk of the Nigerian labour force is engaged in various forms of agricultural enterprises especially along the livestock value chain with over 30% of women and young adults depending largely on livestock for their income, livelihoods and sustenance, adding that the livestock sector remains a major component of the agricultural economy and plays a significant role in the overall national economy.

He revealed that the livestock sector accounts for about 2-5% of the National Gross Domestic Product(GDP) and 10% of the Agricultural GDP.

He said: “Recent estimates show that the livestock sector is endowed with abundant livestock resources with about 26.4 million cattle, 88.2 million goats, 50.3 million sheep, 8.9 million pigs, 465 million chickens, 36.4 million ducks, 3.8 million turkeys, 5.5 Rabbits, 353,173 camels, and 1,234,284 donkeys (FMARD 2021), thus making the nation the topmost livestock producer in West Africa”.

Related Topics:Buhari's Aide Farmers -Herdsmen clash

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Business

Again, Dangote Refinery Hikes Fuel Price

Published

12 hours ago

May 6, 2026

Editor

Dangote Refinery has increased the ex-depot price of petrol by N75, bringing the price up to N1,350 per litre from the previous price of N1,275.

This is the first fuel increase by the Refinery in the month of May.

This latest development is coming seven days after the refinery raised its ex-depot price from N1,200 to N1,275 per litre.

Recall that the refinery on April 29 increased the ex-depot price of petrol by N75.

Business

Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Published

2 days ago

May 4, 2026

Editor

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”

He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.

Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”

According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.

The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.

He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.

According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.

He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.

“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.

“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.

“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”

When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”

Business

JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Published

4 days ago

May 2, 2026

Editor

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.

Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.

This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.

Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.

According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.

However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.

This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.

Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.