Business
NACCIMA Appoints Joe Onyiuke as Vice Chairman of Agribusiness Trade Group
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has named Joe Onyiuke, President of the Oil Palm Growers Association of Nigeria (OPGAN), as the Vice Chairman of its Agribusiness Trade Group.
In an official statement, NACCIMA’s National President, Dele Oye, highlighted that Onyiuke’s new role will involve collaborating closely with the chairman to provide leadership and strategic guidance for the association’s efforts in the agribusiness sectors of Nigeria’s economy.
“I am pleased to inform you of your appointment as Vice Chairman of the NACCIMA Agribusiness Trade Group,” Oye wrote in a letter to Onyiuke. “This position reflects your extensive experience and significant contributions to the agricultural sector, particularly in advancing the oil palm industry in Nigeria.”
As Vice Chairman, Onyiuke will focus on advocating for agribusiness-friendly policies, fostering collaboration among key stakeholders, and spearheading initiatives to drive the sector’s growth and sustainability.
With over 25 years of experience in corporate, legal, and entrepreneurial sectors, Onyiuke is a dedicated advocate for the development of the oil palm industry in Nigeria. He has been instrumental in expanding the number of oil palm-producing states from 24 to 27, gaining full recognition and support from the Federal Ministry of Agriculture and Food Security.
Onyiuke’s efforts to rejuvenate the oil palm industry include launching oil palm radio and TV platforms to educate farmers and update them on best practices for plantation management. His background also includes serving as National Legal Adviser to the National Cotton Association of Nigeria (NACOTAN) and holding various roles in the banking sector, where he earned multiple accolades before voluntarily resigning to pursue his agricultural passions.
He currently serves as the Managing Director of Ayip Eku Oil Palm Company Limited and is active on the boards of several agricultural and corporate ventures. Onyiuke is married with children and enjoys playing golf and lawn tennis.
“We are confident that your leadership and expertise will be invaluable to NACCIMA as we work to lead and innovate within the agribusiness sectors,” Oye added.
Former Kaduna Central Senator Shehu Sani has criticized the World Bank for worsening Nigeria’s economic difficulties. In a post shared on X, Sani accused the institution of projecting that Nigeria’s hardship would extend for another 15 years before the country could reach a better economic future. He questioned how many Nigerians would be left to enjoy that future, and how many African nations the World Bank has successfully helped to prosperity.
Sani’s remarks follow the World Bank’s latest *Africa’s Pulse* report, which forecasts that the Nigerian Naira will be among the worst-performing currencies in Sub-Saharan Africa by August 2024. The report placed the Naira’s decline alongside that of the Ethiopian Birr and South Sudanese Pound.
Heirs Insurance Group (HIG) recently announced impressive financial results for the 2023 fiscal year, marking significant growth across all key metrics. The Group’s Gross Written Premium (GWP) surged by 59.3%, from N19.9 billion in 2022 to N31.7 billion in 2023. This remarkable performance underscores HIG’s resilience and operational efficiency, further solidifying its position as one of Nigeria’s fastest-growing insurance firms.
Heirs General Insurance (HGI) saw a 77% increase in GWP, reaching N12 billion in 2023. HGI’s profit before tax (PBT) also rose by 203%, reflecting the company’s effective cost management. Similarly, Heirs Life Assurance (HLA) reported a 71% GWP increase and a staggering 395% rise in PBT. Both companies have demonstrated a strong commitment to customer satisfaction, disbursing billions in claims.
Beyond financial success, HIG actively engages in corporate social responsibility (CSR) projects, contributing over N100 million to education, community development, and financial literacy. With plans for future expansion and innovation, HIG is poised to remain a key player in Nigeria’s evolving insurance market.
Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to fulfill their tax obligations, emphasizing that government revenue is essential for delivering social services. Wike made this appeal during the inaugural Abuja Business and Investment Summit, held in Abuja on Wednesday.
Speaking on the summit’s theme, “Optimising Investment Through Partnerships,” Wike stressed the importance of collaboration to generate investment opportunities. He dismissed the misconception that the government does not need revenue, explaining that taxes are crucial for funding public services.
Wike reiterated that both investors and the government must benefit from such partnerships, ensuring that both parties “go home smiling” through a fair exchange of services and taxes.
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