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Nigeria : Improved weed control help farmers to record 27tons/ha

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On-farm demonstrations in Ogun state, Nigeria under the International Institute of Tropical Agriculture (IITA) managed Cassava Weed Management Project (CWMP) have produced average yields of 27 tons per hectare surpassing the national average of about 8 tons/ha.

The demos were conducted in 2016 in the three senatorial districts of Ogun states using an integrated weed control package developed by the IITA-CWMP.

Dr Patience Olorunmaiye, a scientist at the Federal University of Agriculture Abeokuta (FUNAAB), while presenting the results at the Joint Quarterly Review Meeting of the project in Abeokuta, informed that the yield from the demonstration plots were impressive and a proof of concept that if farmers adopted improved weed management practices, they would be better off.

The highest yield from the demonstration farms was 32 tons/ha with 96 percent of the demonstration farms recording more than 20 tons/ha.

Also, the Principal Investigator of the IITA-CWMP, Prof. Friday Ekeleme said the results clearly show that weeds were a major factor limiting the potential of cassava in Africa.

In the last four years, the IITA-CWMP with funds from the Bill & Melinda Gates Foundation made a bold decision to unravel the puzzle of weeds menace in cassava.

Working with a coalition of partners including the Federal University of Agriculture Abeokuta, University of Agriculture Makurdi, the National Root Crops Research Institute, and extension partners; the team set up trials in the three agroecological zones of the country including the humid forest, derived savannah and the southern guinea savannah.

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These trials led to the selection of safe and environmentally friendly herbicides with other agronomic practices that formed the package that was used in setting up the demos in Ogun and other states of Nigeria (Abia, Benue, and Oyo). Results from the other states are also being compiled for analysis.

Prof. Ekeleme further noted that the results from Ogun state was a thing of joy not only to the project team but also to the country at large.

He said the results indicated that the project was achieving one of its major objectives, which is to double the national average yield of cassava, generate wealth, and reduce the burden of weeding in cassava farming systems.

Grown by over 4.5 million people in Nigeria, cassava is a major staple contributing to food security and wealth of the nation. Although Nigeria is a major producer of the root crop accounting for over 54 million tons per annum, average yield per ha is low with weeds being fingered as a major block.

Researchers say farmers cannot grow cassava more than they can weed—a situation that limits farm size and subject farmers to perpetual penury.

Dr Alfred Dixon, a director with IITA and Project Leader for IITA-CWMP said the project would help Nigeria change the narrative of cassava production.

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He called on the government of Nigeria to partner IITA in scaling up the findings of the project to millions of cassava farmers for national development and poverty reduction.

The Project Leader commended the Justice Development and Peace Movement (JDPM) in Oyo, Justice Development and Peace Movement (JDPM) in Ogun, Abia State Agricultural Development Program, Benue Agriculture and Rural Development Authority (BNARDA), Ogun State Agricultural Development Program (OGADEP), and Oyo State Agricultural Development Program (OYSADEP) for their support in setting up the demonstrations across the states.

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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