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Policymakers laud IITA for efforts on digital agriculture

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Policymakers, comprising commissioners of agriculture, permanent secretaries and program managers of Agricultural Development Programs (ADPs) in Nigeria have commended efforts by the International Institute of Tropical Agriculture (IITA) on digital agriculture.

At the meeting tagged: ‘Presentation of Digital Tools: Disruptive Innovations in Cassava and Maize Farming systems’, the Commissioners for Agriculture in Ondo and Ekiti states, Messrs Adegboyega Adefarati and Folorunso Olabode appreciated the IITA-led African Cassava Agronomy Initiative (ACAI) project for developing digital solutions to address agricultural challenges in Nigeria.

They noted that the digital tools were apt for the agricultural transformation plans of their governments.

Olabode, the Ekiti State Commissioner for Agriculture and Rural Development stated that the Ekiti State government was already working towards digitization of agriculture and would be among the first to adopt digital extension to promote and strengthen the extension system and improve agriculture in the state.

His Ondo State counterpart, Adefarati said the digital innovations in extension services were coming at the appropriate time and expressed hope that they would be properly integrated into the existing traditional extension system for the benefit of farmers.

In his welcome remarks, IITA Director for Development & Delivery, Dr. Alfred Dixon, called for concerted efforts on the use of digital tools that have been developed by IITA to revive the agricultural extension system.

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He said the aim of the meeting was to share knowledge and digital tools developed in the last five years by IITA Cassava Weed Management Project and ACAI and other projects in IITA.

According to Dr Dixon, “deploying the digital tools which include the Six Steps to Cassava Weed Management & Best Planting Practices videos, IITA Herbicides Calculator, Cassava e-market, Akilimo, Cassava Seed Tracker, IITA News App and the 3-2-1 toll free code on airtel mobile line would help in solving farmers’ challenges in cassava production and increase income generation.”

He explained that in the last five years, the IITA Cassava Weed Management Project had developed integrated weed control methods that are helping farmers to double the productivity of cassava and maize. He said the recommendations of the project were being scaled out to farmers through a variety of digital platforms in the framework of the African Cassava Agronomy Initiative (ACAI).

He noted that considering the challenges with traditional extension systems in Nigeria and Africa, the digital tools would enhance efficiency and effectiveness in disseminating knowledge to farmers.

In his presentation, Mr Godwin Atser, IITA Digital Extension & Advisory Services Specialist, stated that IITA’s approach to digitalization in agriculture was to complement the existing extension system and to offer practitioners with tools that would help them do their jobs better.

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According to him, ACAI has developed agronomic recommendations in various Nigerian languages into videos, radio programs and the 3-2-1 IVR service on Airtel. He added that while the IITA Herbicide calculator would help farmers avoid herbicide under-dose and overdose, the Cassava e-Market provided a platform for farmers to sell their produce.

Lava Kumar, IITA Head of Germplasm Health Unitwho spoke about the Cassava Seed Tracker said the web-based application aims to bridge the information gap in the agricultural seed sector and connect seed producers to their customers.

Dr Kumar stated: “The National Seed Council of Nigeria has bought into the digital Cassava Seed Trackers based on its numerous benefits and the app now serves as a means of registration for seed producers as well as certification. This will help the seed business that remains untapped as majority of farmers reuse seeds or buy locally.”

Speaking on Akilimo, IITA Systems Agronomist, Stefan Hauser, said the application was developed to deliver tailored agronomy recommendations to cassava growers at their various locations in the country.

“Akilimo will help the farmers make informed decisions on their investments,” he added.

The meeting had in attendance Commissioners of Agriculture, Permanent Secretaries, Directors of Agriculture, Program Managers of Agricultural Development Programs (ADPs), Catholic Relief Services (CRS), IITA Scientists, the academia, agrochemical companies and the media.

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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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