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Nigerian rapper and actor Folarin Falana, known as Falz, has addressed the ongoing controversy involving social media personality VeryDarkMan, who made serious allegations against him and his father, Femi Falana. In an interview on the Afrobeat podcast, Falz spoke about the claims that he and his father manipulated justice and bribed the Economic and Financial
The Nigeria Police Force has withdrawn a fraud charge against Mr. Gbolahan Obanikoro, and four others, over alleged N1.3 billion fraud involving Access Bank. Obanikoro alongside, Adejare Adegbenro; Balmoral International Limited; M.O.B. Integrated Limited; and DDSS International Company Limited were billed for arraignment before Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos on
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The Nigeria Police Force has withdrawn a fraud charge against Mr. Gbolahan Obanikoro, and four others, over alleged N1.3 billion fraud involving Access Bank. Obanikoro alongside, Adejare Adegbenro; Balmoral International Limited; M.O.B. Integrated Limited; and DDSS International Company Limited were billed for arraignment before Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos on
Senator Muhammad Bima has expressed optimism that the shea butter sector can favourably rival the oil industry in driving Nigeria’s economic growth if given the right attention by the Federal Government. He noted that Nigeria accounts for 53 percent global output of the commodity. Bima who represented Niger South, stated this in a chat with
Shea butter sector can rival oil industry if given proper attention – Senator Bima
Senator Muhammad Bima has expressed optimism that the shea butter sector can favourably rival the oil industry in driving Nigeria’s economic growth if given the right attention by the Federal Government.
He noted that Nigeria accounts for 53 percent global output of the commodity.
Bima who represented Niger South, stated this in a chat with journalists in Minna, highlighting shea butter’s versatility in domestic and industrial uses.
He explained that Nigeria’s shea butter sector is a goldmine waiting to be tapped with the country being the world’s largest producer of shea nuts.
According to him, unlocking the sector will help diversify the economy and generate wealth for citizens.
The global market of sjea butter is valued at $2.17 billion in 2022, and is expected to grow 7.1 percent annually from 2023 to 2030.
Bima stated, “According to the Vox pop conducted, the shea butter sector of the Nigerian economy has the potential to generate wealth and employment opportunities for large numbers of people but was hitherto neglected until, I commenced my advocacy on it during the 9th Assembly.”
He also noted that through his advocacy, a number of farmers in Niger State took the opportunity and are currently engaged in commercial farming of shea butter trees, especially in his senatorial district.
“The shea butter which is produced from shea nuts serves variety of purposes ranging from domestic essentials to industrial ingredients and is coveted by global cosmetics companies for its amazing moisturising properties; an increasingly sought after ingredient for smoothing, nourishing hair, skincare and many more,” he added.
Bima then commended President Bola Tinubu for supporting Governor Mohammed Umar Bago’s agricultural development efforts to boost food production in Niger State.
Shea butter sector can rival oil industry if given proper attention – Senator Bima
The National Bureau of Statistics has reported that Nigeria’s inflation rate rose to 34.80% in December 2024, reflecting a slight increase from the 34.60% recorded in November. According to the latest Consumer Price Index report released on Wednesday, the marginal rise of 0.20% has been attributed to heightened demand for goods and services during the
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The National Bureau of Statistics has reported that Nigeria’s inflation rate rose to 34.80% in December 2024, reflecting a slight increase from the 34.60% recorded in November. According to the latest Consumer Price Index report released on Wednesday, the marginal rise of 0.20% has been attributed to heightened demand for goods and services during the