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FAO Seeks $18m to Boost Agric in North-East

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  • FAO Seeks $18m to Boost Agric in North-East

The Food and Agriculture Organisation of the United Nations said it planned to install 100 Farmer Field School communities in 2018 in the North-East to boost agricultural production.

The UN agency also said it urgently needed about $18m to meet the needs of agro-based households in the crisis-ridden northeast.

In a statement on Thursday, the FAO revealed that it had so far trained 51 agricultural experts in the FFS approach in the North-East.

The FAO said, “In July and August 2018, an additional 26 experts across the three North-East states of Adamawa, Borno and Yobe were trained in the FAO’s landmark programme for boosting pro-poor and participatory agricultural extension support worldwide.”

It added, “Following the training of an initial batch of 25 agricultural officers from government agricultural agencies and non-governmental organisations and the establishment of Farmer Field School community groups, the Food and Agriculture Organisation of the United Nations graduated its second batch of the FFS facilitators on 18th August, 2018 in Maiduguri, Borno.

“The three-week long intensive workshop equipped experts supporting conflict-affected farmers in the North-East with the skills to set up and run at least two farmer field schools per facilitator.”

It also said, “The FFS is an interactive and participatory ‘learning by doing’ approach involving groups of 20-25 farmers, pastoralists or fisher folk and a trained facilitator. Group members experiment with best practices while discussing challenges and solutions to agriculture-related issues in their own local context. The FFS is usually comprised of resource-poor participants who typically face limited access to education, information, extension (for example, farming and pastoral advice) services, market access and financial capital.”

The release quoted the FAO representative in Nigeria, Suffyan Koroma, as saying that the FFS is another entry point for the FAO to support the most at-risk farming households in the region, and that the “UN agency plans to install, with regional partners, at least 100 of these schools in 2018.”

Koroma said, “Smallholder farmers face huge hurdles in managing increasingly complex agro-ecosystems. Through FFS, farmers will learn how to create sustainable solutions to farming and pastoral issues.”

He also said, “The FAO’s work in the North-East goes far beyond the provision of livelihood-saving agro-inputs like seed and fertilizer, and that “the FAO works closely with farmers to ensure that inputs they receive are being properly utilised; that they are employing the most effective techniques in the management of their crops and animals. And that generally, farming households have the best conditions to boost their resilience.”

The release recalled that the “FAO’s ongoing rainy season programme delivered seed and fertiliser to about 100,000 households as of July. Crop and livestock production is expected to rise with the increased access to farmland in newly accessible areas in the region.

“However, access to land remains a key issue as numerous communities are restricted to only small parcels of land for production and cannot use traditional growing and grazing areas due to lingering security risks. In the North-East Nigeria, farmers often rely on sharecropping (planting on land belonging to others in exchange for a portion of harvests) or rent less than one hectare of land for subsistence agriculture.”

It stated that the June 2018 Displacement Tracking Matrix revealed that about 1,549,630 people had been returned to their original communities in the region and that returnees, host communities and internally displaced people required urgent support to resume their livelihoods; 80 per cent of which was estimated to be agriculture-based.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Seplat Energy Unveils Ambitious Drilling Program for 2024, Aims for 13 New Wells

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seplate to announce financial results on July 29, 2020

Seplat Energy, one of Nigeria’s prominent energy companies, has set its sights on an ambitious drilling program for 2024, with plans to deliver 13 new oil and gas wells across its operated and non-operated assets.

This announcement comes as part of the company’s unaudited results for the first quarter ending March 31, 2024.

The breakdown of the new wells reveals a strategic focus, with 11 dedicated to oil production and 2 aimed at gas production.

Seplat Energy highlights the successful commencement of its drilling program by delivering one well, Ovhor21, in the first quarter of 2024.

Also, two wells, Okporhuru-9 and Sapele-37, which were initiated towards the end of 2023, have been completed.

Both Okporhuru-9 and Sapele-37 have yielded promising results. Okporhuru-9 has discovered multiple hydrocarbon-bearing intervals in deeper formations, while Sapele-37 encountered hydrocarbons in deeper reservoirs, along with proving up a northern extension to the Sapele field.

Seplat Energy is now conducting further technical analysis to assess the commercial potential of these discoveries and the wider implications for OML 41.

Looking ahead, Seplat Energy is committed to delivering the remaining 12 wells on the 2024 drilling plan.

Three wells, namely Ovhor-22, Sapele-38, and OBEN KIKB-02, are expected to be completed during the second quarter, with the aim of supporting production volumes later in the year.

Roger Brown, the Chief Executive Officer of Seplat Energy, expressed optimism about the discoveries, emphasizing the promising initial results and highlighting the quality of Nigeria’s geological resources.

He also acknowledged the progressive actions taken by President Tinubu and industry regulators to support the energy sector.

Furthermore, Seplat Energy has made strides in enhancing its operational efficiency and shareholder value.

The company has released the applicable exchange rate for determining its final and special dividend payout to shareholders who opt to receive their dividends in naira.

With an exchange rate of N1,309.88 per $1, shareholders can expect clarity and transparency in dividend payments.

Seplat Energy’s ambitious drilling program underscores its commitment to driving growth and innovation in Nigeria’s energy landscape while maintaining a strong focus on operational excellence and value creation for stakeholders.

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APM Terminals in Talks with Government for Terminal Upgrade in Apapa

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APM Terminals is engaging in discussions with the government for a significant upgrade at its Apapa terminal.

Keith Svendsen, the Chief Executive Officer of APM Terminals, disclosed the company’s ambitious plans aimed at accommodating vessels with deep drafts and large ship-to-shore cranes.

The upgrade is part of APM Terminals’ long-term vision to bolster import and export opportunities in the country, create employment, and diversify local opportunities.

Svendsen emphasized the importance of fortifying existing port infrastructure, especially in Lagos, to manage increasing trade volumes effectively.

“While greenfield terminals like Lekki and later on Badagry would support economic growth in the long run, the more urgent requirement is in our view to upgrade the existing port infrastructure,” Svendsen commented.

The proposed upgrades seek to facilitate smoother operations, providing seamless connectivity through road, rail, and barge networks to mainline shipping.

Svendsen highlighted the unique position of the Apapa port in offering access to international markets for Nigerian importers and exporters, leveraging not only road but also rail and waterways, utilizing barges.

APM Terminals has been a pivotal player in Nigeria’s maritime sector for close to two decades. The company’s commitment to the nation’s economic growth is underscored by its proposed investment of over $500 million, subject to a long-term partnership with the government.

The Apapa terminal is a vital gateway for trade, handling a significant portion of Nigeria’s container traffic.

Furthermore, APM Terminals’ operations in Lagos and Onne collectively manage about half of the containers in Nigeria, demonstrating their pivotal role in the country’s logistics landscape.

The proposed upgrades signify APM Terminals’ dedication to supporting Nigeria’s economic reforms and attracting international investments.

The company has already invested over $600 million since its inception in Nigeria in 2006, directly employing approximately 2,500 Nigerians and indirectly contributing to employment for about 65,000 individuals.

“At APM Terminals, we believe strongly in the prospects for the Nigerian economy and the long-term opportunities that the current economic reforms and invitation for international investments will generate,” Svendsen affirmed.

As talks between APM Terminals and the government progress, stakeholders are optimistic about the positive impact of the proposed terminal upgrades on Nigeria’s maritime sector and overall economic development.

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Uber Rolls Out Flex Pay Feature: Daily Earnings for Nigerian Drivers

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Uber has rolled out a feature in Nigeria that promises to revolutionize the way drivers receive their earnings.

Dubbed “Flex Pay,” this innovative initiative allows Uber drivers across the country to access their earnings daily, a significant departure from the previous weekly payment system.

The announcement came during a recent media briefing led by Tope Akinwumi, Uber Nigeria’s country manager.

Akinwumi expressed the company’s commitment to supporting its drivers by introducing Flex Pay, which aims to help drivers meet their financial obligations more promptly and efficiently.

With Flex Pay, drivers now have the flexibility to access their earnings directly through their mobile wallets on a daily basis.

This move is poised to bring about a host of benefits for drivers, offering them greater financial stability and control over their finances.

In addition to the introduction of Flex Pay, Uber also unveiled a set of new features designed to enhance the driver experience on the platform.

One such feature is the ability for drivers to see upfront details about a trip request, including the destination and expected fare.

This added transparency empowers drivers to make more informed decisions about which trips to accept, ultimately improving their overall experience on the platform.

Speaking about the new features, Akinwumi emphasized Uber’s commitment to prioritizing the needs and feedback of its driver-partners.

He highlighted the company’s ongoing efforts to innovate and develop solutions that enhance the driver experience and ensure their satisfaction with the platform.

“We are constantly listening to feedback from our driver-partners and striving to provide them with the tools and support they need to succeed,” said Akinwumi.

“The introduction of Flex Pay and other new features is a testament to our commitment to empowering our driver-partners and enhancing their experience on the Uber platform.”

The implementation of Flex Pay marks a significant milestone for Uber in Nigeria, demonstrating the company’s dedication to driving positive change and innovation in the ride-hailing industry.

As drivers begin to benefit from daily earnings and increased transparency, Uber is poised to strengthen its position as a leading provider of flexible earning opportunities in the country.

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