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Chaim Zach, Managing Director and CEO, Agric International Technology and Trade; Kabiru Rabiu, Group Executive Director, BUA Group; and Aliyu Abbati Abdulhameed, Managing Director, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending: Interview
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Interview:Chaim Zach, Kabiru Rabiu, Aliyu Abbati Abdulhameed To what extent is the lack of data affecting policy-making and investment in agriculture? CHAIM ZACH: We are facing a problem in terms of both data availability and reliability. When investing in poultry, for instance, Nigeria’s average consumption is around 1.6 kg per capita per annum, as opposed to the average of 9-10 kg per capita…

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Nigeria looks to agriculture sector to decrease oil dependency
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Long a critical sector for the Nigerian economy, agriculture recorded steady growth throughout the country’s recent recession and supported macroeconomic stability against a backdrop of volatility in the global oil market. Although the sector’s workforce, exports and GDP contribution have fallen in recent decades as oil and gas production became Nigeria’s economic mainstay, the country…
Interview

Jean-Marc Ricca, Managing Director, BASF West Africa : Interview
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Interview :Jean-Marc Ricca What are some of the biggest obstacles faced by manufacturers in Nigeria? JEAN-MARC RICCA: Localisation is the key issue for the manufacturing industry, especially when it comes to operating within local capabilities. This includes the need for locally available smart supply chain solutions, technical expertise, business developers, financial capabilities and raw…
Interview

Ladi Sanni, CEO, Viathan Engineering : Interview
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Interview :Ladi Sanni In what ways are captive power plants more attractive for developers in Nigeria? LADi SANNI: Focusing on the captive power model enables developers to avoid most of the challenges associated with the national grid’s power value chain. This particularly applies to transmission challenges, as well as aggregate, technical and commercial losses. Since power purchase agreements…
Interview

Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources : Interview
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Interview :Emmanuel Ibe Kachikwu How is the Petroleum Industry Governance Bill expected to impact the gas and oil sector, and what is the current status of the bill? EMMANUEL IBE KACHIKWU: The bill aims to define a framework for the governance of the petroleum industry by creating new institutions as well as modifying pre-existing institutions. President Muhammadu Buhari has declined to assent…
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Alhaji Muhammadu Bagudu Hussaini, Managing Director and CEO, Nicon Insurance : Interview
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Interview :Alhaji Muhammadu Bagudu Hussaini What is being done to increase the insurance penetration rate in Nigeria? ALHAJI MUHAMMADU BAGUDU HUSSAINI: Insurance policies are not at the forefront of people’s minds in Nigeria. When people do not have enough to get by, they do not think much about insurance, despite the necessity of safeguarding their possessions. Providers must make sure these…
Interview

Tunde Afolabi, Chairman and CEO, Amni International Petroleum Development Company : Interview
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Interview :Tunde Afolabi What impact has the low cost of oil had on efficiency and cost-saving practices? TUNDE AFOLABI: The drop in oil price was a double-edged sword for the industry. With oil prices down, it became difficult to service debts and meet contracted obligations, and service providers realised that the only way they could stay in business was to keep operators in business also.…
Interview

Nick Zaranyika, CEO, Total Health Trust : Interview
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Interview :Nick Zaranyika How can Nigerian health insurance companies address the lack of consumer trust? NICK ZARANYIKA: Everyone has a role to play in increasing confidence and trust in the industry. It requires effort from the entire health care system, starting with regulatory bodies, health care providers, financiers and stakeholders. Of course, insurers must be certain that providers…
Interview

Chinua Azubike, Managing Director and CEO, InfraCredit : Interview
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Interview :Chinua Azubike What are the challenges in infrastructure financing? CHINUA AZUBIKE: There are multiple and interrelated challenges facing infrastructure in Nigeria, largely due to political and macroeconomic constraints, and a dearth of capacity to develop and finance projects. The infrastructure finance market is also fragmented, with no proper link between project phases. A feasibility…
Interview

Kayode Akinkugbe, Managing Director and CEO, FBNQuest Merchant Bank : Interview
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Interview :Kayode Akinkugbe How can retail trade be encouraged and investors brought into the market? AKINKUGBE: Retail investors are generally risk averse during market downturns, owing to their experience in the domestic credit market. Many have made ill-informed investments based on promises of specific returns that brokers failed to deliver. In the long term the market needs these investors…