Business
Nigerian govt vows to harness N33tn revenue potential in livestock, boost GDP by 5%
Nigeria’s federal Ministry of Livestock Development said it has begun drastic reforms in the sector to harness its N33 trillion revenue potential.
The Minister of Livestock Development, Idi Maiha, disclosed this on Friday at the commencement of the 2025 Ministerial Press Briefing.
The Minister stated that the ministry has put in place machinery to transform the country’s Livestock industry.
According to him, the ministry, through technologies, has initiated reforms to end cattle rustling and major insecurity challenges faced by herders.
He noted that the ministry commenced the process to revamp the ambulatories across the country.
Maiha emphasised that the Ministry is committed to diversifying Nigeria’s economy and increasing its contribution to the Gross Domestic Product to 10 percent from 5 percent by 2030.
“We are here to diversify the Nigerian economy, drive industrialisation, strengthen private sector participation, and secure Nigeria’s future on the global agricultural. market.
“We have laid the foundation for sustainable and inclusive growth. Our goal is to become a major contributor to Nigeria’s Gross Domestic Product from 5 percent to 10 percent by 2030,” he stated.
Recall that on July 9, 2024, President Bola Ahmed Tinubu inaugurated livestock development for the first time in Nigeria.
Thereafter, in October last year, Maiha was appointed to spearhead the ministry.
In a strategic move to strengthen its corporate governance, Sage Grey Finance Limited has appointed Akinsanya as its new Independent Non-Executive Director.
The appointment reflects the company’s commitment to robust leadership as it expands its footprint in lending, investments, and fund management within Nigeria’s financial sector.
Source: BusinessDay.ng
The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Abba Aliyu, has said Nigeria is the second country in the world with the highest number of people living without access to electricity.
Speaking on Channels Television’s Morning Brief on Monday, Aliyu explained that only India has more people without power supply than Nigeria.
He however stressed that the current administration has put in place a structured plan to address what he called electricity poverty.
“I recently came across a post by The Economist which showed that only India has more people without electricity access than Nigeria. But unlike many other countries, Nigeria now has a well-structured plan to address this challenge,” he said.
Aliyu noted that the REA does not operate on the national grid but focuses on off-grid and underserved communities.
“If you have a problem with your Disco, that’s not within our mandate. Our focus is on communities without access to electricity,” he clarified.
Highlighting the agency’s ongoing projects, the REA boss pointed to the Distributed Access to Renewable Energy Scale (DARES) initiative, describing it as the largest public renewable energy project in the world.
According to him, the $750 million programme aims to deliver electricity to 17.5 million Nigerians who currently live without power.
Governor of Kaduna State, Senator Uba Sani, has appointed Ben Solomon Dalhatu Kure as the Managing Director of Kaduna State Media Corporation (KSMC).
Ibraheem Musa, Chief Press Secretary to the Governor, disclosed this in a statement at the weekend.
Kure replaced Ahmed Maiyaki, who has just been appointed the Commissioner for Information.
He is expected to build on Mr. Ahmed Maiyaki’s leadership, which has repositioned the media corporation.
Before this appointment, Kure served as the Chairman of Jaba Local Government from 2016 to 2017, Executive Secretary of the Kaduna State Emergency Management Agency from 2018 to 2019, and Special Adviser (Political Matters) to the Kaduna State Governor from 2019 to 2021.
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