Business
Abia Govt to resuscitate cocoa processing industry
The Abia Government says it will resucitate the state-owned cocoa processing industry to boost production of the commodity and enhance economic fortunes of the State.
The Vanguard reported that the State Deputy Governor, Mr. Ikechukwu Emetu, announced this on Tuesday during a meeting with the members of the State Cocoa Transformation Committe in Umuahia.
He said that Nigeria was the largest exporter of cocoa after Cote D’Ivoire, hence the state government was poised to explore the entire value chain in the production and processing of the commodity.
He added that government would provide funding and training for cocoa farmers to adopt improved ways of farming to boost production of the produce.
“We are determined to make Abia State one of the largest producers of cocoa in Nigeria,” he said.
Emetu said that the meeting was to acquaint the farmers with government’s policy thrust on cocoa production and as well remind them of the imperatives of cocoa production.
He explained that cocoa production contributed towards enhancing food security, good nutrition, organic fertilisers, raw materials for industries and served as a source of foreign exchange.
The deputy governor expressed displeasure over the leasing out of Agbozu Cocoa Estate, a government- owned property, in Uzuakoli, Bende Local Government Area of the State.
He directed the Permanent Secretary, Ministry of Agriculture, Mr. Okey Ihedioha, to furnish him with the lease agreement for further necessary action.
In his remarks, Ihedioha said that the state was blessed with cocoa producing belts in areas such as Ibere community in Ikwuano LGA and Itumbuzo community in Bende LGA.
He said that with encouragement and adequate support from the government, the state would record improved cocoa production.
Mr. John Kalu, the State Chairman of the Cocoa Farmers Association, said that Abia was ranked 8th among cocoa producing states which created room for improvement.
Kalu urged the government to subsidise the rates of inputs and distribute improved cocoa seedlings to farmers for mass production and bumper harvest.
The representative of Cocoa Institute Of Nigeria, Mr. Prince Olaniyi, expressed disappointment that the only government-owned cocoa plantation had been leased out .
He said out of the cocoa-producing states, Abia had one of the best cocoa seeds nationwide .
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Business
Obasanjo: “Aliko Embarrass Me”
He got all his workers together in that refinery and said, without telling me, and there, said…
Former President of Nigeria, Olusegun Obasanjo, has described Aliko Dangote as his “boss”, crediting the businessman’s industrial achievements to the policies and encouragement provided by his administration.
Obasanjo said this while speaking at the groundbreaking ceremony of the Dangote East Africa Refinery in Lamu, Kenya, where he recalled his recent visit to the Dangote refinery and the businessman’s acknowledgement of the role he played in his transition from cement importation to production.
He said, “About two months ago, three months ago, I visited the refinery which you visited last week. And I just couldn’t stop being surprised what Aliko did. But then Aliko embarrassed me.”
According to Obasanjo, Dangote had gathered his workers during the visit and publicly attributed part of his success in cement production and the eventual development of his refinery to the policies and encouragement of the former president.
He said, “He got all his workers together in that refinery and said, without telling me, and there, said, all of you working here, all of you, the man you have to thank is this man, that’s me. I didn’t have anything to do with his refinery or what it is.
He said, without this man, I would not have been in cement production.“And it is the cement production that provided the encouragement, the inspiration for the refinery. So, thank you. They all shouted and thanked me.”
Obasanjo said Dangote had expanded the opportunities created by his administration beyond Nigeria, particularly through cement production across Africa, and was now replicating the model in the petroleum refining sector.
“May God continue to expand your coast. And you are my boss. You will continue to be my boss.”
Business
Minister Tasks Charcoal Merchants on Sustainable Forestry
The minister gave the charge at the flag-off of the 2026 Operation One Million Trees Tree Planting Programme organised by the Association for Forest Conservation and Green Industrial Charcoal Merchants at the Faculty of Renewable Natural Resources, University of Ibadan.
•Charcoal merchants and other stakeholders in the forestry sector
The Minister of Environment, Balarabe Abass Lawal, has charged charcoal merchants and other stakeholders in the forestry sector to embrace sustainable practices and support the federal government’s efforts to reverse deforestation and restore Nigeria’s degraded forest landscapes.
The minister gave the charge at the flag-off of the 2026 Operation One Million Trees Tree Planting Programme organised by the Association for Forest Conservation and Green Industrial Charcoal Merchants at the Faculty of Renewable Natural Resources, University of Ibadan.
The programme, which brought together forestry practitioners, charcoal merchants, environmentalists, students, regulators and other stakeholders, is aimed at promoting afforestation and encouraging responsible management of Nigeria’s forest resources.
Speaking at the event, the minister described tree planting as one of the most practical measures for combating climate change, reversing deforestation, restoring biodiversity, controlling desertification and strengthening the resilience of the nation’s ecosystems.
The Chairman of the Association for Forest Conservation and Green Industrial Charcoal Merchants, Mr Adeshola Adebowale Idowu, emphasised that the event carried a clear message for everyone involved in the charcoal business and, indeed, every Nigerian.
Idowu said stakeholders should develop the habit of replacing trees removed from the environment, encouraging Nigerians to plant trees around their homes and communities.
He advocated a practice of planting several trees for every tree cut down, stressing that trees remain indispensable to human existence because many products used by society are derived from them
( THISDAY)
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