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Champoining the Cause: Youths in Agriculture

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Africa as a continent has reported a significant rate in agriculture; Agriculture is one of the sectors on the continents with a reasonably high level of revenue from export activities. Export commodities such as Cocoa, coffee, Timber, cashew and maize are some widely known produce that earn the continent much foreign exchange revenue.

Youths over Africa vehemently complain and protest against lack of unemployment, considering ‘white colour jobs’ and ‘blue colour jobs’ as the only jobs in Africa. Trend in agricultural activity inclusion has focused on rural inhabitants with older folks dominating in many countries across the continent, denoting that the younger folks in these rural areas, together with people from the urban centers are not quite interested in this sector. It is no surprise that even the unemployed who are surrounded with agricultural opportunities refuse to see them, even if they do, they are reluctant or do not take advantage of them.

Most youths, when asked to campaign for agriculture or raise a voice to agriculture will not hesitate to do it, but when asked to engage in farming, they will definitely not hesitate to say no. Same analogy applies to most agricultural students, if you ask them about their ambition, they may mention International Agricultural Scientist, a Researcher, an Agricultural Officer, a Banker or a Government Servant, a handful will dare say they want to be farmers.

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Several documentations and reports indicate reasons for lack of interest on the part of the youths in Africa, including the unemployed ones.

The youth has it that, Agriculture takes much time and efforts which doesn’t even guarantee absolute success. The Contemporary youth craves for quick money within the shortest possible time, if possible, without much hardwork, and since agriculture is not a one day business and also involves a lot of hardwork and dedication, they tend to lose interest in it.

Agriculture is perceived by most youths as socially non-prestigious. The graduated youth would rather chase eagerly after ‘white and blue colour jobs’ than to work on a farm. Societal stereotype and perceived inferiority complex of agriculture makes it difficult for even parents to encourage their children, in case they decide to venture into agriculture or farming as a career option.

There is not enough exposure of contemporary youths, especially those at the urban areas to agricultural activities. Since urban areas are industrialized and developed, lands there are usually used for building companies, households and other infrastructures rather than reserved for large scale farming. Family lands which could otherwise be used for farming will rather be sold out to be used for building and other activities. Because youths are concentrated in the urban centers, they get a little or no exposure in the field of agriculture, hence lack the skills and motivation to go into that field.

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Agricultural activities seem uncomfortable and unsafe to the youth. People who are dedicated to agriculture are perceived to go through a lot of things, ranging from stress associated with work to unproductivity due to infestations. Youths usually want to look their best and have a comfortable work condition, and because starting to farm involves digging, tilling lands, watering, removing weeds, burning, and maybe encountering snakes, scorpions, and other earth creatures, they would rather remain at home than to join the farming train.

The evolved African educational curricula fail to include material agriculture. Some schools teach agriculture but mostly the soft aspect of it, with a little or no practical session. This generally affects the interest buildup of youths towards the agriculture.

We as African youths have however been continuously sensitized in the past few years about the need to venture into agriculture as a career choice. Several campaigns have been launched by some youth advocates in various countries within Africa to create a sense of inclusion for youths and to change the dominant stereotype and preconceptions towards agriculture as a career choice.

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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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