Business
Osinbajo: We’re working to prioritise investment in agriculture
The Vice President, Prof Yemi Osinbajo (SAN), on the 29th of April, said Nigeria is prioritising innovation and technology investments in agriculture so as to transform the sector by attracting young people and scale up productivity.
According to a statement issued by Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr Laolu Akande, Osinbajo stated this in a remark he delivered virtually at the 2021 High-Level Dialogue on Feeding Africa.
The event is organised by the African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organisation with the theme “Feeding Africa: leadership to scale up successful innovations.”
Highlighting the programmes of the government to ensure agricultural transformation in Nigeria, Prof. Osinbajo listed the Economic Sustainability Plan, National Livestock Transformation Plan and Green Imperative Project, among other initiatives.
He said: “At the heart of Nigeria’s post COVID-19 recovery plan, or what we describe as our Economic Sustainability Plan is an Agriculture for Food and Jobs Plan (AFJP) where we seek to leverage suitable technologies to build a resilient food system for Nigeria especially in the light of the economic, health and food supply chain devastations caused by the pandemic. Implementation is well underway and we have quite a few impressive results already.”
Further, the Vice President said during the COVID lockdowns, “we trained and deployed over 34,000 young graduates all over the country, covering over 8,000 local government wards in 774 local government areas. Each of these young men and women had a locally developed app on smartphones and electronic tablets to digitally register farmers and map out their farm GIS coordinates.
“So, we have registered and mapped about 6 million small-holder farmers to their farmlands and we are also currently collecting 200,000 composite soil samples from these farms to be analyzed in 22 local soil laboratories to guide local fertilizer blending”, he said.
Continuing, Osinbajo said “on the back of the farmer-farm database which we developed, we are creating a digital Agriculture Exchange Programme (AgExchange), working with the Alliance Rabobank and MasterCard in collaboration with some local FinTech companies. These FinTech companies (FarmCrowdy, Infinera, CropIT) are run by young Nigerians.
“The AgExchange will be an ecosystem or one-stop-shop for providing a range of services and products to small-holder farmers such as real-time e-subsidies, credit-connect by providing credit score of farmers on the platform and linking them to financiers, insurance services, market place services for connecting producers, aggregators and off-takers based on competitive market prices. Input suppliers, weather, pests, and disease indexing services will be provided on the exchange as well. The budget for the Agriculture for Food and Jobs Plan AFJP is $1.5billion.”
On the National Livestock Transformation Plan (NLTP), Prof Osinbajo noted that the focus is on “transiting gradually from nomadic system of cattle production to the more sedentary method of ranching. This will involve training pastoralists in new ways of producing and rearing cattle sustainably to address the challenges of resource-based violent conflicts between crop farmers and cattle herders, and the generally low milk and beef productivity of indigenous cattle breeds.”
The Vice President explained that “an indigenous technology company has developed a microchip for tracking the cattle and we are working on a pilot project with one of our development partners – the Netherlands government.”
“All the energy on the ranches will be from biogas from cattle dung and solar power. The ranch will be an integration of crops, pasture, and trees. The crops for the need of the pastoral household, the trees to fight desertification and enhance carbon sequestration rather than emission.
“Funding for this is from budgets of the Federal and State governments and bilateral support from development partners such as the Netherlands. The initial sum is in the order of 280 million USD,” he added.
Regarding the Green Imperative Project (GIP), the Vice President said that the €995 million, a 5-year project which is funded by the Import/Export Bank of Brazil (BDES) with support from Deutsche Bank, Islamic Development Bank, and others, will aim at agriculture technology transfer from Brazilian Original Equipment Manufacturers (OEMs), Research and Training Institutes to Nigeria’s entrepreneurs, Research Institutes and businesses.
“The project involves the reactivation of dormant or partially operational privately owned agricultural equipment, assembly plants, establish 632 privately-owned primary production support service centers to sell farm mechanization services to smallholder and commercial farmers to address low productivity issues.
“Part of the plan also is the establishment of 142 privately owned agro-processing service centres which will be to address post-harvest losses, path to market and supply chain challenges, and train about 100,000 new extension agents to address farmer advisory service delivery challenges with new technology and practice adoption”, he said.
“An important feature of our strategy is encouraging our young techprenuers into agriculture and AGRO services and we are enjoying some success with the technology for our AGRO exchange, and our Central Bank is also licensing FinTech companies using mobile technology platforms.
“Some of them have been able to give non-collateral credit using credit scoring algorithms to determine credit worthiness of farmers. This is a very important part of our whole financial inclusion project because these FinTech companies are able to reach farmers practically anywhere, rate them using their credit scoring algorithms and get credits across to them in many of the far-flung areas,” the VP explained.
Other African leaders who spoke at the event included President of the Democratic Republic of the Congo, Félix-Antoine Tshisekedi Tshilombo; President of Senegal, Macky Sall; President of Mali, Bah N’Daw; President of Burkina Faso, Roch Marc Christian Kaboré; Prime Minister of Sudan, Dr. Abdalla Hamdok; President, Federal Democratic Republic of Ethiopia, Sahle-Work Zewde; Prime Minister of Sudan, Dr. Abdalla Hamdok, among others.
Other speakers included President of the African Development Bank, Dr Akinwunmi Adesina; Former UK Prime Minister, and Executive Chairman of the Institute for Global Change, Mr Tony Blair; President, International Fund for Agricultural Development (IFAD), Gilbert F. Houngbo and the Special Envoy of the UN Secretary-General on 2021 Food Systems Summit, Ms Agnes Kalibata, among others.
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Auto
Massilia Motors Slashes Mitsubishi L200 Price to ₦42m for Anniversary Campaign
Massilia Motors Slashes Mitsubishi L200 Price to ₦42m for Anniversary Campaign
Massilia Motors Nigeria has unveiled a special anniversary pricing offer on the new Mitsubishi L200 pickup truck to celebrate one year of the latest model’s introduction into the Nigerian market, with prices now starting from ₦42 million.
The company, the sole authorised distributor of Mitsubishi Motors in Nigeria and a joint venture between the CFAO Group and the Chanrai Group, said the limited-time offer applies to all variants of the L200, urging prospective buyers to take advantage of the promotion while stocks last.
The latest-generation L200 entered the Nigerian market backed by strong international recognition. The pickup won the Design Car of the Year award at the 2024–2025 Japan Car of the Year Awards, earning praise for its bold “Beast Mode” styling and practical interior design. It also clinched the Best Mid-size Pickup title at the 2024 Arab Car of the Year Awards for its performance, durability and reliability.
Since its launch, the vehicle has gained acceptance among operators in key sectors of the economy, including construction, agriculture, mining and logistics, where ruggedness, payload capacity and dependable performance are critical.
Built on Mitsubishi’s long-standing expertise in pickup engineering, the L200 combines off-road capability and commercial-grade toughness with modern comfort, safety and technology features.
Massilia Motors said the pickup’s growing popularity reflects the increasing demand for versatile vehicles capable of handling Nigeria’s diverse operating conditions while meeting the expectations of both fleet operators and individual customers.
The company added that ownership of the L200 is supported by a comprehensive aftersales package, including genuine spare parts availability, certified service support and a warranty covering three years or 100,000 kilometres, whichever comes first.
Speaking on the milestone, the Managing Director of Massilia Motors Nigeria, Olivier Lamoure, said the L200 had lived up to expectations since its introduction to the market.
“One year in, the L200 has proven exactly what we believed it would — that the Nigerian market has a real appetite for a pickup truck that is built to work without compromise,” Lamoure said.
He noted that the anniversary pricing offer was designed to reward existing customers and provide an opportunity for prospective buyers to acquire the vehicle at a more attractive price.
According to him, the special pricing will only be available for the remainder of the month, making it a timely opportunity for businesses and individuals considering the pickup.
Massilia Motors provides vehicle sales, genuine parts and certified aftersales support to individual and fleet customers through its operations in Lagos, Abuja, Port Harcourt and other locations across the country.
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Aviation
FG Approves New York, Canada, Dubai Routes for United Nigeria Airlines
FG Approves New York, Canada, Dubai Routes for United Nigeria Airlines
The Federal Government has approved several international routes for United Nigeria Airlines, including New York, Canada, and Dubai, in a move aimed at boosting the participation of indigenous carriers in the lucrative global aviation market.
Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the development on Thursday during the unveiling of two newly acquired Boeing 737-800 Next Generation (NG) aircraft by the airline in Lagos.
According to the minister, the route approvals form part of the government’s broader strategy to ensure Nigerian-owned airlines secure a larger share of international passenger traffic, which has long been dominated by foreign carriers.
“We are giving United about four or five routes now. We are giving them New York. We are giving you Canada. We are giving you Dubai. We are giving you some very fruitful routes now,” Keyamo said.
Keyamo lamented that foreign airlines currently control between 90 and 95 per cent of passenger traffic from Nigeria to major destinations across the world, despite bilateral agreements that grant Nigerian airlines reciprocal rights to operate those routes.
The minister stressed that the government is determined to empower local carriers to compete effectively on international routes and retain a larger share of aviation revenue within the country.
“That market is our market. It doesn’t belong to anybody. Under those bilateral service agreements, we also have reciprocal rights to run those routes. They have to enter that market and eat part of that market,” he said.
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The minister noted that the newly approved routes were granted ahead of the airline’s full capacity to operate them, expressing confidence in the carrier’s ongoing expansion programme.
The announcement came as United Nigeria Airlines unveiled two newly acquired Boeing 737-800NG aircraft, further strengthening its fleet and operational capabilities.
The aircraft, registered as 5N-CFB and 5N-CFC, were named after His Royal Majesty Igwe Nnaemeka Achebe, the Obi of Onitsha, and legendary Nigerian novelist Professor Chinua Achebe.
The airline said the new aircraft will help improve operational efficiency, reduce flight disruptions, and support its plans for regional and international expansion.
Industry observers see the acquisition as a major milestone in the airline’s ambition to become one of West Africa’s leading carriers.
Keyamo also revealed that President Bola Tinubu approved the establishment of a Nigerian aircraft leasing company designed to support domestic airlines in acquiring aircraft through government-backed financing arrangements.
According to him, access to affordable aircraft financing remains one of the biggest challenges facing local airlines, and the initiative is expected to ease fleet acquisition and expansion.
The minister described the route approvals as the outcome of more than two years of policy reforms and stakeholder engagement aimed at revitalising Nigeria’s aviation sector.
“It took about two and a half years for us to begin to reap the fruits of the policy direction that we laid down,” he said.
Beyond route approvals, Keyamo disclosed that the Federal Government is partnering with the Abia State Government to develop an international airport in the state.
He said United Nigeria Airlines is expected to eventually use the facility as one of its operational hubs, while Enugu International Airport is being positioned as a major cargo hub for the South-East region.
The minister also defended the government’s decision to support private airlines instead of reviving a national carrier, citing the collapse of Nigeria Airways as an example of how political interference can undermine airline operations.
Speaking at the event, Boeing representative Moore Ibekwe commended reforms introduced by the Ministry of Aviation and the Nigerian Civil Aviation Authority (NCAA).
He highlighted recent efforts to improve aircraft financing, technical training, safety standards, and regulatory efficiency, describing them as critical to the future growth of Nigeria’s aviation industry.
Ibekwe also noted that Boeing recently launched a technical training programme in Nigeria to support the development of local pilots and engineers.
According to him, Africa is expected to require about 1,200 new aircraft over the next 20 years, creating significant opportunities for Nigerian airlines.
“When I look at these two aircraft behind us today, I see much more than two airplanes. I see enormous potential. I would like to see United Nigeria grow into a 50-aircraft airline within the next decade,” he said.
The airline’s expansion plans align with previous disclosures by its Chairman, Professor Obiora Okonkwo, who said the carrier intends to significantly increase its fleet and expand beyond domestic and regional operations.
United Nigeria Airlines currently operates across major Nigerian cities and serves regional destinations, including Accra, Ghana.
The airline has outlined plans to launch services to destinations such as London, Rome, Jeddah, Dubai, and New York, as it seeks to establish itself as a major player in international aviation.
For many industry stakeholders, the approval of the new routes represents a significant boost for United Nigeria Airlines and a major step toward increasing Nigeria’s presence in the global aviation market.
FG Approves New York, Canada, Dubai Routes for United Nigeria Airlines
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Business
Fixing Nigeria’s Logistics Crisis: Oyetola, Stakeholders Demand Seamless Multimodal Infrastructure
Fixing Nigeria’s Logistics Crisis: Oyetola, Stakeholders Demand Seamless Multimodal Infrastructure
As Nigeria’s logistics and transportation landscape face a critical turning point, top government officials and industry experts have united to demand a shift away from the country’s heavy reliance on road travel.
Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, alongside transport experts and industry stakeholders, specificall called for the urgent integration of road, rail, maritime, inland waterways and aviation networks to accelerate economic growth and reduce logistics costs.
The consensus emerged at the 12th Nigeria Transport Lecture organised by Transport Day Newspapers at the Radisson Blu Hotel, Ikeja, Lagos, where participants stressed that Nigeria cannot achieve its full economic potential without a coordinated multimodal transportation framework.
Represented by a director in the ministry, Mrs Rashidat Yusuf, Oyetola described transportation as the backbone of economic development, trade facilitation and industrial growth, noting that the maritime sector remains central to Nigeria’s international trade and must be effectively linked with other modes of transport.

According to the minister, ongoing government investments in maritime security, port modernisation, digital transformation and inland waterway development are already yielding positive results by improving cargo movement, reducing logistics bottlenecks and enhancing investor confidence.
He said recent successes in combating piracy and other maritime crimes in the Gulf of Guinea have strengthened Nigeria’s position as a regional trade hub, while efforts to improve connectivity between seaports, rail lines and highways are expected to further boost economic productivity.
Oyetola, however, identified infrastructure deficits, weak inter-agency coordination, inadequate maintenance, regulatory bottlenecks and human capacity gaps as major obstacles to the sector’s growth, urging stakeholders to collaborate in addressing the challenges.
Delivering the keynote lecture titled, “Multimodal Transport Safety in Nigeria: Prospects, Challenges and Contribution to National Growth Pursuant to the Renewed Hope Agenda,” former Corps Marshal of the Federal Road Safety Corps and Chairman of the Council of the Chartered Institute of Logistics and Transport, Dr Boboye Oyeyemi, warned that Nigeria’s heavy dependence on road transport is undermining safety, increasing costs and limiting economic growth.
Oyeyemi disclosed that nearly 90 per cent of freight and passenger movement in the country is carried out by road, placing enormous pressure on infrastructure, accelerating road deterioration and heightening accident risks. He added that only about 40 per cent of Nigeria’s road network is paved, further compounding the challenge.
The transport expert noted that although Nigeria possesses one of Africa’s largest transportation systems, it has yet to maximise the benefits of a fully integrated multimodal network.
He pointed to ongoing rail projects, including the Lagos-Ibadan Standard Gauge Railway and the Abuja-Kaduna corridor, as evidence of progress towards reducing pressure on the roads.
He further noted that plans to achieve 24-hour port operations, improve rail connectivity to seaports and expand the commercial use of inland waterways could significantly enhance logistics efficiency and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area (AfCFTA).
In a lead paper titled, “From Port to Hinterland: Rethinking Safety Governance Along Nigeria’s Intermodal Freight Corridors,” Associate Professor of Transport and Logistics at Lagos State University, Dr Ogochukwu Ugboma, called for a fundamental shift in the management of freight transportation in Nigeria.
She argued that safety should be treated as a governance issue rather than merely an operational concern, stressing that fragmented oversight across different transport modes continues to undermine logistics efficiency and freight safety.
According to Ugboma, more than 85 per cent of cargoes destined for Nigeria’s hinterland leave the ports by road, contributing to congestion, infrastructure damage, truck crashes, cargo theft and supply chain disruptions.
She advocated corridor-based governance, unified safety standards, shared databases, coordinated inspections and real-time monitoring systems to improve freight movement.
Also speaking, the Registrar of the Council for the Regulation of Freight Forwarding in Nigeria, Mr Kingsley Igwe, said the country possesses immense potential to develop a world-class intermodal transportation system.
He, however, identified inadequate infrastructure connectivity, regulatory fragmentation, poor maintenance culture, security challenges, human capacity deficits and limited deployment of data and technology as major impediments to progress.
Igwe urged the government to accelerate the adoption of water-based transportation, arguing that greater use of inland waterways would ease highway congestion, reduce freight delays and lower logistics costs that contribute to inflation and rising business expenses.
Earlier, the Publisher and Managing Editor of Transport Day Newspapers, Frank Kintum, said the annual lecture was established to provide a platform for regulators, operators and policymakers to identify challenges and develop practical solutions for the transport sector.
Participants at the event unanimously agreed that sustained infrastructure investment, stronger safety governance and seamless integration of all transport modes are critical to building a modern transportation system capable of driving Nigeria’s economic transformation under the Renewed Hope Agenda.
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