Business
Governor Abiodun Welcomes Qatar’s Baladna multi-million dollar dairy factory in Ogun
“If you could meet 35% of Qatar’s milk demand in one month and achieve self-sufficiency in six, I have no doubt you can do the same in Nigeria. Your operations here will be a walk in the park—no deserts,”
Qatari dairy giant Baladna is set to establish a multi-million-dollar food production facility in Ogun State, Nigeria
The investment is expected to boost local dairy production and food security significantly.
Baladna, which supplies over 95% of Qatar’s fresh dairy products, disclosed its plans during a courtesy visit to Governor Dapo Abiodun in Abeokuta.
The delegation was led by Baladna’s Head of Products and Solutions Architecture, Mr. Aidan Thomas Iynan, and accompanied by the Executive Secretary of the Nigeria Investment Promotion Commission (NIPC), Aisha Rimi.
Mr. Iynan revealed that Baladna’s integrated dairy model, backed by Qatari government investment, now operates the world’s largest single-site dairy farm.
He expressed confidence that Nigeria—and Ogun State in particular—could replicate similar success, citing a partnership with Algeria that is expected to deliver 1.7 billion litres of milk annually, meeting 50% of Algerian dairy demand.
He highlighted the impact of climate change on global agriculture, stressing the urgency for Nigeria to attain dairy self-sufficiency.
“We can build farms that are highly efficient with world-class yields—not just in dairy and meat, but crop production too,” Iynan said.
Governor Abiodun welcomed the investment, describing Baladna as the type of partner needed to realise the Renewed Hope Agenda in agriculture.
“If you could meet 35% of Qatar’s milk demand in one month and achieve self-sufficiency in six, I have no doubt you can do the same in Nigeria. Your operations here will be a walk in the park—no deserts,” he remarked.
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Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
Business
Nigeria’s oil production dropped by 4% in July – NUPRC
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
The Nigerian Upstream Regulatory Commission (NUPRC) data has shown Nigeria’s average daily oil production fell by four percent in July, 2026.
According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd.
The commission said the country met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third consecutive month.
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
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