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Economy

Government Targets $74b GDP Boost From Livestock Sector

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L-PRES Targets

Government Targets $74b GDP Boost From Livestock Sector

Government targets $74b GDP boost from livestock sector. President Bola Tinubu created the federal ministry of livestock development in 2024.

The federal government says the 2025–2035 National Livestock Growth Acceleration Strategy (NL-GAS) is expected to increase the livestock sector’s contribution to GDP from 32 billion to 74 billion dollars.

The minister of livestock development, Idi Maiha, gave the assurance on Wednesday in Abuja at the Donor and Partnership Workshop on Livestock Development in Nigeria.
Mr Maiha said the NL-GAS was a comprehensive, market-oriented, private sector-led, and public sector-enabled roadmap designed to accelerate growth in the livestock industry.

The workshop, themed “Strengthening Strategic Partnership for Livestock Transformation,” brought together development partners, donors, and government representatives to mobilise support for the implementation of the strategy.

Mr Maiha said the projected growth was achievable, citing the strong political will and private sector commitment driving the government’s livestock transformation agenda.

“It is achievable and exciting. We are not scared; we can do it for this country.
“The presence of donors and other partners here reflects your enduring commitment to Nigeria’s development and your belief in the transformative power of collaboration,” he said.

The minister recalled that President Bola Tinubu created the federal ministry of livestock development in 2024 to reposition the sector as a driver of inclusive growth, food and nutrition security, climate resilience, and economic transformation.

According to him, the initiative aligns with Nigeria’s ambition to build a one trillion-dollar economy by 2030, with the livestock sector contributing at least $74 billion by 2035.
“To achieve this, we developed the NL-GAS 2025–2035, which has been approved by the National Economic Council to reinforce our commitment to private sector-led transformation,” he said.

Mr Maiha said the strategy is anchored on 10 strategic pillars, each designed to address systemic challenges and unlock opportunities across the value chain.
“The pillars include livestock value chain development and market access; animal health and zoonoses control; feed and fodder development; water resources management; livestock extension services; peace building and social cohesion.

“Others are finance and insurance; statistics and information systems; infrastructure development and waste management; as well as youth and women empowerment”.
He described women and youth empowerment as the backbone of the strategy to double the national herd, raise productivity, and position Nigeria as a global supplier of quality animal protein.

Temitayo Omole, programme manager at the Delegation of the European Union to Nigeria and ECOWAS, identified livestock as a key area of interest for the EU, particularly in feed production, genetics, breeding, and animal health.
Ms Omole said the EU remained a reliable partner to Nigeria, collaborating with ministries, departments, and agencies at national and state levels to support agriculture and rural livelihoods.

L-PRES Targets

GDP Boost From Livestock Sector

“We are intervening in agriculture, livelihoods, and other sectors. One of our key areas is animal health, which is critical to livestock development.

“We are addressing two major diseases: Newcastle disease in poultry and PPR in ruminants through vaccine production,” she said.
Also, Hussein Gadain, FAO country representative in Nigeria and ECOWAS, said the organisation had supported the government with policies, strategies, and technical expertise in livestock disease eradication.

Mr Gadain said the FAO had been working closely with rural communities, supporting them with breeding initiatives, feed, farmer field schools, and best practices in livestock production.

He added that the livestock sector was a key component of Nigeria’s productive economy, employing millions of rural Nigerians and contributing greatly to nutrition and food security.

“It is a source of protein, not only from meat but also from milk, thereby helping to reduce malnutrition.
“Since the COVID-19 outbreak, a zoonotic disease, FAO and partners have continued to promote the One Health approach to prevent and control animal-borne diseases,” he said.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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