Business

Let’s Partner to Transform The Niger Delta into a Massive Agricultural Hub – Al Humphrey Onyanabo, CEO Majestic Agricultural Hub, pleads

Published

2 years ago

July 2, 2022

Adebayo

As the current political dispensation slowly winds down, key state actors in the Niger Delta have been advised to consider transforming the oil rich region into a Massive Agricultural Hub in view of the dwindling fortunes from crude oil sales and it’s effect on the economy of the nation.

Speaking to Reporters, Mr Al Humphrey Onyanabo, CEO of Majestic Farms and Good Processing Co. Ltd, promoters of the Majestic Agricultural Hub project sais,

” Our region and indeed Nigeria needs to have a total rethink about food security and economic survival. By 2030 zero emission will be adopted by the major world powers which means oil will no longer be needed to power machinery and vehicles as they transmit to alternative energy and electric cars. It will be a disaster if we are caught napping. We must therefore wake up and find alternative sources of survival, Agriculture is a viable option and the transition can happen fast if action is taken now.”

Mr Onyanabo further said,

” we have made attempts in the past with successive regimes in the Niger Delta and across Nigeria to partner with us to set up massive integrated farms in their regions . As another circle of politiking commences, we resume our appeal to key actors in the political space to partner with us to transform the Niger Delta into an agricultural hub”.

How It Will Work

Mr Al Humphrey Onyanabo revealed that The Majestic Agricultural Hub, a developmental project, the first of its kind in the country, shall comprise of a network of integrated state – of- the- art farms spread across different states interconnected with their host communities through a vast web of ‘Partnership Farms’ operated by youths and women and cooperatives where output is channeled through a central storage and processing system that assures them of a regular income unaffected by the vagaries of market forces year round. He also said,

” The HUB, shall supply them with improved seedlings, farming implements and teach improved farming techniques to help them improve their yields.

The Majestic Agricultural Hub will play a big brother role to galvanize farming activities throughout the region into one huge year round enterprise that profits and prospers all”.

He also said,

“Most importantly, the HUB will ensure that our men, women and youth interested in farming stay back in the villages to pursue their dreams knowing they do not really miss much by coming to overcrowded city centers.

The Majestic Agricultural Hub will re-enforce backward integration and we are consumed with the vision that the future of our great country rests on our people going back to the land.

“We therefore see ourselves as partners for development in helping to provide food security and jobs for local people, both skilled and unskilled, where ever we operate. We harbor a deep seated and abiding faith in the Nigerian entrepreneurial spirit and the ability of Nigerians to excel at every given tasks or venture”.

The benefits of the project for every state are myriad.

The HUB he revealed ,will create over 200,000 jobs in three years for both skill and unskilled workers per state. Thousands of jobs will also be created through the second degree marketing of our products. Furthermore, there will be vast openings for transporters, food sellers, and artisans in the state such as carpenters, painters, bricklayers, electricians etc and such ancillary service providers as advertising and. The HUB will open a flood of opportunities into each state where the hub is located like never before that will directly affect the masses.

” We will set up a local fabrication yard to encourage entrepreneurs’ have access to affordable industrial machinery built locally and fixed locally.

“We will set up technical training centers to train youths in specific technical vocations that will ensure they will have up to date technical skills.

Part of our rural integration scheme will be keeping our employees in our various farms feeling fully at home where they work. We shall commence the development of a 100 bungalow housing estate for each hub.

” Each of our housing estates will have a day care, nursery/primary school, a general sports and recreation center, veterinary clinic and a Health Centre for staff and our host communities”.

Speaking further the Chief Executive said all they require from a partner state or community or local government is land, security and an enabling environment for an enterprise to thrive,

“Each hub will be about 20,000 hectares either in one location or scattered across four local governments or communities. We will provide in totality the finance for take off, equipments and technology and the also foreign technical assistance modern farming methods which will be passed on to our youths. Each Hub shall be superintended by a Special Purpose Vehicle,SPV, with all stakeholders accommodated”

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Related Topics:Al Humphrey Onyanabo Ministry of Agriculture NIGER-DELTA

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Business

It’s A Done Deal! Wale Tinubu Shines like a new Penny as he Acquires NAOC

Published

1 day ago

July 25, 2024

Adebayo

As an entrepreneur par excellence, Jubril Adewale Tinubu, CON, the Group Chief Executive, Oando Group, has an uncanny ability to spot new business opportunities and create fruitful partnerships.

His visionary mindset and astute business acumen have allowed him to navigate the complexities of the Nigerian market and foster collaborations with leading international companies.

This, not only speaks to his own success, but also showcases the immense potential and possibilities that lie within Nigeria’s business landscape.

The world-class businessman is once again making waves in Africa’s economic landscape with his visionary leadership and strategic acquisitions, shining once again like a new penny.

Tinubu’s latest move – the historic acquisition of 100 percent stake in Nigerian Agip Oil Company Limited (NAOC Ltd) – is set to reshape Nigeria’s oil and gas industry.

The deal, that has been in incubation since last year September, has finally hatched.

This final acquisition was announced on Wednesday by the Italian oil and gas giant. It was disclosed that it had received regulatory approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Confirming this in the statement, the Italian oil company said it had obtained all other relevant local and regulatory authorities’ authorisations.

“Having already obtained all other relevant local and regulatory authorities’ authorisations, this achievement will allow Eni to proceed to the completion of the transaction for the sale of Nigerian Agip Oil Company Ltd (NAOC), Eni’s wholly owned subsidiary focusing on onshore oil & gas exploration and production as well as power generation in Nigeria, to Oando PLC, Nigeria’s leading national energy solutions provider, listed on both the Nigerian and Johannesburg Stock Exchange.

“NAOC Ltd participating interest in SPDC JV (Shell Production Development Company Joint Venture – operator Shell 30 per cent, TotalEnergies 10 per cent, NAOC 5 per cent, NNPC 55 per cent) is not included in the perimeter of the transaction and will be retained in Eni’s portfolio.

“Eni remains committed to the country through investments in deepwater projects and Nigeria LNG,” the company stated in a statement.

The company also said it was developing plans for economic diversification in the country.

Eni said this includes assessing the potential production of agri-feedstock for Enilive bio-refineries and various nature- and technology-based projects, such as clean cooking initiatives to offset emissions.

Eni has been operating in Nigeria since 1962, actively engaging in hydrocarbon exploration and production, as well as power generation.

Currently, Eni has a substantial portfolio of assets in exploration and production, with an equity production of approximately 40,000 barrels of oil equivalent per day net of NAOC contribution. Eni also holds a 10.4 per cent interest in Nigeria LNG.

NAOC focuses on onshore oil & gas exploration and production as well as power generation, Eni said in the statement.

With this landmark acquisition Oando will leapfrog from its current oil equivalent output from 25,000 barrels per day to 50,000 barrels per day.

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Business

Jambo Expands to Solana with Tether to Bring Blockchain Mobile Technology to Emerging Markets

Published

1 week ago

July 17, 2024

Adebayo

Jambo, the largest web3 mobile infrastructure bringing emerging markets

on-chain, announced that it’s expanding to the Solana blockchain along with Tether to offer

blockchain-enabled financial and educational technologies that cater to emerging markets.

Central to this is the JamboPhone, a $99 web3 smartphone that has been powerful in onboarding all

types of users on-chain in a mobile-first way. Combined with the Solana blockchain’s high throughput

capabilities and Tether’s dominant stablecoin, USDT, access to web3 financial and educational products

will be democratized to those who need them most in Southeast Asia, Africa, and Latin America.

Priced at $99 and already sold in over 120 countries, the JamboPhone is targeted towards Gen Z

consumers in emerging markets as their portal to the best digital products and opportunities globally.

Users can engage with the global economy by utilizing the preloaded Jambo Ecosystem applications

featuring DeFi, gaming, and web3 infrastructure applications. The JamboPhone aims to address some of

the most challenging issues faced by emerging markets, such as a large unbanked population and limited

access to smartphones. Users can purchase the JamboPhone with Solana Pay on JamboPhone.xyz.

The Jambo App: Empowering Users

The smartphone is equipped with the JamboApp, a comprehensive web3 platform that offers users a

range of services including decentralized finance, gaming, and educational content, all designed with the

emerging market user in mind. The JamboApp includes the JamboWallet, a non-custodial multichain

wallet which includes support for Solana tokens and USDT. Jambo will be giving out rewards primarily in

USDT, leveraging its broad acceptance and stability in emerging markets. Users will be able to complete

quests sponsored by Jambo and Jambo ecosystem partners, ranging from educational initiatives to

promotional tasks, with rewards now distributed primarily using SPL USDT. This initiative underscores

Jambo, Solana, and Tether’s role as pioneers in bridging the digital divide, aiming to democratize access

to digital financial tools and providing users with earning opportunities in emerging markets.

Leveraging Local Solana Communities

Additionally, Jambo will engage local Superteams to accelerate web3 adoption. Superteam is a global

community of web3 builders who are passionate about Solana. Their mission is to help web3 talent learn,

earn and connect with the Solana ecosystem. These teams, composed of local experts and enthusiasts,

will play a pivotal role in educating communities, fostering local development, and driving grassroots

initiatives that ensure sustainable growth within the web3 ecosystem.

“Back when I was building earn.com in 2017, our vision was to build a product ‘where there’s a phone,

there’s a job.’ Alice, James, and the Jambo team have realized that vision by developing web3 mobile

infrastructure bringing financial access to emerging markets,” said Lily Liu, President of the Solana

Foundation. “Jambo offers a gateway to web3 that is accessible to nearly anyone in the world, while

Solana enables financial access for nearly anyone with an internet connection. Together, we are

committed to making self-custody, financial opportunity, and educational resources accessible to millions.”

Why Emerging Markets

Emerging markets face their own unique set of economic challenges that Solana and Tether can address

with their blockchain and stablecoin solutions. In emerging markets, the use of USDT (Tether) significantly

surpasses that of other stablecoins, with over 34.2 million unique wallets utilizing USDT as of April 2024.

This broad user base highlights the widespread trust and adoption of Tether in these regions. With

Jambo’s game-changing smartphone, Solana’s fast transaction processing, low transaction fees, and

Tether’s robust and widely-used stablecoin, users now have access to stablecoin and crypto payment

rails, alternative banking access, and global earnings opportunities.

“We want to bring emerging markets on-chain,” said James Zhang, Co-founder of Jambo. “Bringing

Jambo to Solana and Tether allows us to provide a comprehensive solution that addresses the unique

needs of these regions.”

“Emerging markets stand out as promising grounds for financial inclusion. Their demand for tools like

USDT fuels our dedication to shaping a brighter financial future for users in these regions.” said Paolo

Arodino, CEO, Tether. “By providing affordable access to web3 technologies through the JamboPhone

and leveraging the power of the Solana blockchain, Jambo is empowering users in these regions with the

tools they need to participate in the global digital economy. The integration of SPL USDT as a reward

mechanism further strengthens this initiative, offering users a stable and secure digital asset.”

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Business

Galaxy Backbone Limited Strengthens Partnership with Enugu State Government

Published

3 weeks ago

July 4, 2024

Adebayo

In a significant move to enhance digital infrastructure in Enugu State, Nigeria, executives from Galaxy Backbone Limited, led by Hon. Olusegun Olulade, Executive Director of Customer Centricity and Marketing, paid a partnership visit to the state government.

The delegation was warmly received by His Excellency, Governor Peter Mbah, at the Governor’s Office in Lion Building, Enugu.

Galaxy Backbone Limited, a premier ICT services provider in Nigeria, aims to foster connectivity and digital transformation across various sectors within the state.

The collaboration encompasses several critical areas, including the provision of connectivity in all 265 Smart Schools across 260 wards, 160 primary health centers, the Enugu State Secretariat, and the Lion Building.

Additionally, Galaxy Backbone will offer data center and cloud services, alongside other ICT-related services as required by the state government.

Governor Peter Mbah expressed his gratitude and optimism regarding the partnership, stating, “It was indeed my pleasure to meet you and your team this evening at my office. Thank you most sincerely for your kind words and expression of support. I look forward to collaborating with Galaxy Backbone in areas that are necessary to achieve our common goals.”

The meeting was attended by key officials from both the Enugu State Government and Galaxy Backbone Limited. Present from the state government were Secretary to the State Government (SSG) Prof. Chidiebere Onyia, Special Adviser on Governor’s Delivery Unit Mr. Ozurumba Afigbo, and Special Adviser on ICT Mr. Nnaemeka Ani.

Representing Galaxy Backbone were Mr. Henry Akubue, Acting Regional Coordinator for South East and South South, Engr Udochi Ododo, Head of Solution Design, and Mr. Obinna Ifenze, Admin for South East and South South.

Hon. Segun Olulade commended Governor Peter Mbah for his hospitality and the productive discussions that promise to drive significant advancements in the state’s ICT landscape.

According to Hon. Olulade, “This partnership is poised to play a crucial role in the digital transformation of Enugu State, ensuring enhanced connectivity and improved services across various sectors.

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