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Nigeria plans women, youth empowerment through poultry agriculture in 2022

by Admin
January 21, 2026
in Frontpage, National: Governance, Policy & Politics

By Dikachi Elemba, in Owerri

 

  • 1000 capacity poultry commissioned in Oguta,  Ihitte Uboma

 

Nigeria’s federal government has disclosed new plans to strengthen and solidify its wobbling agricultural sector  in 2022 through enhanced provision of agricultural incentives and maintenance of existing agricultural institutions across the six geopolitical zones of the country.

Nigeria plans women, youth empowerment through poultry agriculture in 2022
Mohammed Abubakar, minister of agriculture and rural development said the measure is to give more impetus for the realization of food security and intercontinental food production, adding that the federal government has also taken  a resolution to empower women and youths through poultry agriculture in order to elevate self economic reliance among them.

 

He stated this when he commissioned an ultra-modern Rubber Rural Resources Centre with LOHASHILPI Sheeting  Processing Technology at Ndioko Izombe, and a 1000 capacity poultry farm at Umuelem and Umuokoro Umuihi, in the Oguta and Ihitte Uboma local government areas of Imo State.

 

Iwuchukwu Onyema, a director in the Imo State Ministry of Agriculture, who represented the minister of agriculture and rural development, emphasised the importance of the two facilities,  saying  that rubber is  an essential raw material that is used in the creation of more than 40,000 products, including medical devices, surgical gloves, aircraft and car tyres, as well as pacifiers, clothes and toys, but poultry farming, which contributes to the nation’s Gross Domestic Product (GDP), increases domestic income.

 

Dwelling extensively on the importance of poultry farming, the minister explained that a recently released economic study indicated that 1.6 million jobs emanate from poultry farming in the USA, just as rubber, which is a natural product produced from a tree called Hevea Brasiliensis is useful in a number of ways in society.

 

“The natural rubber produced from plants is classified as a polymer, which is a chemical compound with large molecules made of many smaller molecules of the same kind,” he said.

 

Shedding more light on the importance of rubber in society, Iwuchukwu, who also spoke in his own capacity as the state director of the ministry, urged indigenes of the benefiting communities to guard against vandalization of government establishments in their areas, pledging that steps would be taken to meet their requests from government.

 

Donatus Emedoro, chairman of Izombe Rubber Farmers Multi-Purpose Cooperative Society, who spoke in the same manner with a number of some  stakeholders from the area, expressed gratitude to the minister for the establishment of the centre in the state and four others out of the 18 rubber producing states in the country.

 

Emedoro also extended his gratitude to both the national president of the National Rubber Producers Processors Marketers Association of Nigeria (NARPPMAN), Ogbunisun Peter, the patron of the body, and Fortunatus Onyeaghala, for their immeasurable contributions towards the actualization of the project. He however regretted that the absence of water boreholes has continued to hinder effective production in the area.

 

He therefore appealed that the situation be tackled, including fencing of the site and proper training of the personnel, among others, to effectively man the machines and other sundry aspects necessary for optimum production of rubber sheets.
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Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

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Methane rules spread across 67% of global production as Nigeria faces compliance test 

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October 17, 2026
Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

Onafriq winds down Baxi as Nigeria’s agent banking economics worsen

October 17, 2026

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