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Why News Of Tomato Import Ban No Longer Interests Farmers

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In the last seven years, news of banning tomato paste and concentrate importation has always been in the media, most times, dying down after two weeks.

Several summits have been held around the country trying to seek answers to the numerous problems that characterize the tomato industry.

Last week, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, during the first Kano Tomato Summit said that by the end of 2019, the Federal Government will ban the importation of tomato paste and concentrate into the country.

Chief Ogbeh who was also at the Kadawa Irrigation Valley in Kura Local Government of Kano State, which has thousands of tomato farmers as well as the Dangote Tomato factory on Monday, said effort is been intensified to revolutionize tomato production.

Also at the inspection and commissioning of Gino Tomato Paste factory and farm in Faka, Kaduna State, Central Bank of Nigeria (CBN) Governor Godwin Emefiele and Chief Ogbeh repeated the commitment to ban the importation of the product.

Mr. Emefiele said Dangote and Gino farms have foreseen self-sufficiency in two years if the CBN and FG sustain the current drive to revamp the industry.

However, the news is no more new to the farmers as they have heard that before from different top government officials, as well as Ogbeh himself during the approval of the National Policy on Tomato by the Federal Executive Council in February 2017.

What might interest the farmers is perhaps the full implementation of the National Policy on Tomato approved in 2017 by the federal government, which failed to see the light of day in addition to some of the measures government is taking to spur domestic production and create a vibrant industry that will generate huge jobs in the country.

Currently, the nation’s domestic demand stands at 2.3 million tonnes every twelve months but the country produces about 1.7 million tonnes, leaving a gap of about 600,000 which is filled with the import of tomato paste, powder and concentrate mainly from China and Italy.

The import of tomato concentrate, powder and paste per annum gulps a whopping $170 million according to the National Investment Promotion Council.

However, Chief Ogbeh puts the current figure at over $22 billion on the importation of tomato paste from China annually, something that worries stakeholders in the country.

Although Nigeria is the second largest producer in sub-Saharan Africa behind Egypt which produces about 8.3 million metric tonnes, 40-45 percent of what is produced wastes away due to lack of processing facilities and poor infrastructure for value addition.

What will however bring succor to farmers is Ogbeh’s assurance that the Central Bank of Nigeria (CBN) through the Bank of Agriculture has penned down the sum of N250 billion for farmers under the CBN Anchor-borrower system.

But of more interest to farmers is the full implementation of the National Policy on Tomato which will address all the concerns of farmers and investors who have sunk in billions of naira into setting up facilities but cannot compete favorably with what is coming from China and Italy.

The National Secretary and Kano State Chairman of the Tomato Growers Association of Nigeria (TOGAN), Alhaji Sani Danladi Yadakwari, while speaking to Daily Trust in Kano, revealed that tomato growers in the country are facing many difficulties due to poor implementation of the February 2017 tomato policy approved by the Federal Executive Council.

Alhaji Sani said the farmers were in total support of the policy because it promotes employment, ensures self-sufficiency in production and promotes local processing of fresh tomato into concentrate and paste.

“Our excitement is, however, short-lived as two years after the FEC’s approval, there appear to be some notable forces against the full implementation of the policy. Specifically, and in spite of the Federal Ministry of Finance’s circular No, F17465/42, it is with dismay that the association has noticed that the Nigerian Custom is yet to fully implement the policy on restriction of importation of tomato paste/concentrate through the seaport and they are also reluctant to implement the $1,500 levy per metric tonne under code 2002.90.10.00 and 2002.19.100 of the policy,” he revealed.

He lamented that the poor implementation of the policy has robbed the government of over $400m in levy and import duty, adding “It is apparent that the local tomato sector will not develop as envisaged by the policy, a consequence of continuous dumping of imported and often adulterated tomato paste.”

Alhaji Yadakwari, however, stated that tomato farmers in Kano State in 2018 enjoyed a sizeable percentage of the state government’s intervention. He further revealed that tomato farmers have faced terrible moments with adulterated inputs, especially fertilizer, in addition to increase in the price of inputs and poor market.

Yadakwari said the farmers’ expectation in 2019 is to see effective implementation of the national tomato policy for robust tomato production in 2019.

Meanwhile, some stakeholders along the tomato value chain have commended the Federal Government’s support to the tomato value chain in the North and requested for similar support in the South-West.

In a communiqué issued at the end of a tomato value chain workshop held at the National Horticultural Research Institute (NIHORT) Ibadan on Wednesday, and signed by the project’s Principal Investigator, Dr. Dorcas Ibitoye, the stakeholders decried the high cost and unavailability of improved tomato seeds and agricultural inputs in the country.

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Access Bank to Host Pioneering Africa Trade Conference in Cape Town

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Access Bank to Host Pioneering Africa Trade Conference in Cape Town

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Bank PLC is set to host its first-ever Africa Trade Conference (ATC), a landmark event focused on advancing Africa’s economic transformation under the theme, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’. Scheduled for March 12, 2025, in Cape Town, South Africa, the conference is poised to bring together the most influential voices in trade, finance, and policy to address the future of commerce across the continent.

With Africa’s trade finance gap estimated at $81 billion annually, the conference aims to tackle the systemic challenges hindering trade, particularly for SMEs and domestic firms. By fostering collaboration among key stakeholders, the Conference will explore innovative solutions, sustainable trade practices, and strategies for expanding African economies into global value chains.

Roosevelt Ogbonna, Group Managing Director/Chief Executive Officer, Access Bank PLC, emphasised the importance of the Africa Trade Conference, in addressing these pressing issues. “The Africa Trade Conference represents a crucial step in redefining Africa’s trade potential. By creating platforms for dialogue, innovation, and actionable solutions, Access Bank is enabling African businesses to connect and thrive in the global economy.”

Access Bank’s presence across 24 countries globally, including 16 in Africa, provides a unique advantage in facilitating inter- and intra-African trade. The Bank’s growing network positions it as a key player in addressing trade complexities and promoting inclusive growth across the continent.

Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, highlighted the broader vision of the forum, saying, “The Africa Trade Conference is a platform to not only address Africa’s trade challenges, but to champion the continent’s opportunities. Through strategic partnerships, tailored financial solutions, built on the ethos of sustainability, we are paving the way for Africa’s businesses to take their place on the global stage.”

This flagship event will convene a distinguished line-up of seasoned speakers, and top executives from leading international banks, Development Finance Institutions (DFIs), and captains of industry in Africa.

The ATC will also shine a spotlight on the transformative potential of the Africa Continental Free Trade Area (AfCFTA), which aims to reduce trade barriers, enhance infrastructure, and integrate African economies into global trade networks.

Furthermore, the event will explore critical themes shaping the continent’s economic future, including the transformative role of digitisation and innovation in global trade, solutions for overcoming trade barriers to enhance market access, as well as sustainable trade practices and innovative financing models, thereby providing a comprehensive roadmap for advancing Africa’s position in global commerce. Please visit https://africatradeconference.accessbankplc.com/ for more information.

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Union Bank Rewards 360 Customers with N21 Million in First Save and Win Palli Promo 4 Draw

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Union Bank Rewards 360 Customers with N21 Million in First Save and Win Palli Promo 4 Draw

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Union Bank, Nigeria’s leading financial institution, has kicked off its Save and Win Palli Promo 4campaign on a high note following the announcement of its first set of winners in its inaugural monthly draws.

The first live draw of this season, which took place at the Bank’s Head Office in Marina, Lagos, rewarded 60 customers with ₦100,000 each. Additionally, 300 other winners went home with ₦50,000 worth of gift vouchers during the inaugural live draw, which was conducted transparently and digitally under the supervision of relevant regulatory bodies. The winners cut across the nation.

Speaking at the first monthly draw, Gloria Omereonye, Union Bank’s Area Business Executive for Lagos Island 1, stated, “Union Bank is always dedicated to rewarding customers for their loyalty and financial discipline.

We are pleased that our promo has continued to achieve its noble goals of providing succour to our customers through our gifts and rewards, especially in these economically trying times, while facilitating a sustainable savings culture for future goals and objectives.”

Save & Win Palli Promo is a nationwide campaign designed to reward both new and existing customers with cash prizes. Season 4, which began in December 2024 and runs until May 2025, offers customers the opportunity to win ₦131 million in cash prizes, Motorcycles, Tricycles, Fuel Vouchers, and a star prize of ₦5 million, which will be handed out to three lucky winners at the grand finale.

Open to new and existing customers, the Save and Win Palli Promo requires participants to save a minimum of ₦10,000 and perform a minimum of five transactions monthly to qualify for draws. Monthly winners can receive ₦100,000, while quarterly draws will reward lucky savers with Motorcycles, Tricycles, and other exciting prizes.

Customers who save in multiples of ₦10,000 will increase their chances of winning.

New customers can join the promo by downloading the UnionMobile app to open an account or visiting any Union Bank branch.

Existing customers can reactivate accounts by calling the 24-hour Contact Centre at 07007007000 or visiting a branch.

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Access Bank Clinches THISDAY’s ‘Global Bank of the Year’ Award, Aig-Imoukhuede is Named ‘Titan of the Year’

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Access Bank Clinches THISDAY’s ‘Global Bank of the Year’ Award, Aig-Imoukhuede is Named ‘Titan of the Year’

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Bank PLC (‘the Bank’), the flagship subsidiary of Access Holdings PLC (‘the Company’), has been honoured with the prestigious THISDAY Global Bank of the Year award for 2024, recognising its significant impact on the global banking landscape.

R-L: Roosevelt Ogbonna, Group Managing Director, Access Bank PLC; Tochi Wigwe, Daughter of Herbert Wigwe, former Group CEO, Access Holdings; Maame Saarah Buckman; Aigboje Aig-Imoukhuede, Chairman, Access Holdings PLC; Aigbovbioise Aig-Imoukhuede, Managing Director, Coronation Asset Management Limited, and Funke Aigbovbioise Aig-Imoukhuede,  at the THISDAY Awards 2025 where Access Bank won Global Bank of the Year award and Aig-Imoukhuede was named Titan of the Year, in Lagos… Monday night

In addition, Aigboje Aig-Imoukhuede, Chairman of Access Holdings, received the distinguished THISDAY Titan of the Year award for his exceptional contributions to the banking sector in 2024.

At THISDAY Awards 2025, Access Bank emerged victorious, surpassing African Export-Import (AFREXIM) Bank and United Bank for Africa (UBA) to claim the coveted title. The prestigious award ceremony, held at Eko Hotels & Suites in Victoria Island, Lagos, marked the 30th anniversary of THISDAY Newspapers and the 12th anniversary of Arise News Channel, with the theme, “When the Going Gets Tough… The Tough Get Rewarded.”

THISDAY Newspapers highlighted Access Bank’s nomination, praising its strategic leadership, rapid expansion, and unwavering commitment to innovation and sustainability. The bank’s leadership in digital banking was also recognised, with Access Bank receiving multiple accolades, including the 2024 Digital Jurist Award for Best Digital Bank.

In addition to its achievements in digital banking, Access Bank has demonstrated a strong commitment to environmental, social, and governance (ESG) principles, earning the 2024 Euromoney Award for Best Bank for ESG in Nigeria and Ghana.
With an expanding international presence in the United Kingdom, Ghana, United Arabs Emirates, China, and several African nations, Access Bank continues to solidify its position as a major global banking player.

Lagos State Governor, Babajide Sanwo-Olu (left) and Aigboje Aig-Imoukhuede, Chairman, Access Holdings PLC, exchanging pleasantries at the THISDAY Awards 2025 where Access Bank won Global Bank of the Year award and Aig-Imoukhuede was named Titan of the Year, in Lagos… Monday night

The bank’s innovative approach is further evidenced by its cutting-edge technological initiatives, including Facepay, Access Closa, the AccessMore mobile app, and Africa Fintech Foundry—further establishing Access Bank as a leader in technological advancements, and underscoring its deserving recognition as Global Bank of the Year.

During his acceptance speech, Access Bank’s Managing Director and CEO, Roosevelt Ogbonna, expressed his gratitude to the public, THISDAY Newspapers, and Arise Media Group for the recognition. He remarked, “This award represents 30 years of hard work of doing things differently, and of building on the legacy of industry giants like Aigboje Aig-Imoukhuede and Herbert Wigwe. We are deeply grateful to our board, management, customers, and stakeholders, who have continuously supported us. This award is for you, and we accept it in your honour.”

In a similar vein, Aigboje Aig-Imoukhuede, along with 11 other influential leaders, was recognised with the THISDAY Titan of the Year award for 2024. Reflecting on his journey, Aig-Imoukhuede shared, “In 1991, Prince Obaigbena and I first met as customer and banker. He told me that anyone fortunate enough to manage his account would one day become a managing director of a bank, and I am thankful that God fulfilled that vision. It is an incredible honour to stand with such esteemed colleagues.”

The star-studded event, which brought together dignitaries from both the private and public sectors, celebrated excellence, innovation, and leadership across industries and the political landscape.

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