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HARVEST OF SHAME 1

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By Babatunde Jose

Harvest of Shame was a 1960 television documentary presented by American broadcast journalist Edward Murrow on CBS, showing the plight of poor migrant farmers in the United States of America. The report was intended to shock America into action by bringing to Americans a live broadcast of what it means to live in poverty.  Here in this clime we encounter the ‘Harvest of Shame’ on a daily basis, live and direct. We are talking of the shame of poverty in Nigeria and Africa in general. Of serious consequences for future generations is our unserious attitude to poverty alleviation not to talk of its eradication.

The first step in bringing people out of poverty is food security which is intractably tied to farming and agriculture. A hungry people cannot industrialize as their existential priority is to fill their stomach; call it stomach infrastructure if you like. Today, we are witnessing our ‘harvest of shame’ as a result of neglect and a lackadaisical attitude to the sociological imperatives of development. All those things that worked in our favor 59 years ago at independence have been corroded, abandoned and discarded, as a result of our myopic enthrallment with oil; the proceeds of which has failed to  put food on our table except imported rice which most of the poor cannot afford. Oil cannot grow cassava in our farms; neither can it grow yams or tomatoes. The economics of oil is restrictive as its proceeds benefits only a few gate-keepers who hoard the money in foreign tax havens and do not even make any pretence at not creating employment for the poor multitude, hence the country exports oil but its people are poor. Oil has equally failed to expand opportunities for employment thereby taking many out of poverty. Rather, subsidy is enriching a particular class at the detriment of the larger population. Monies that could have been spent on health, education, agriculture and other sectors is being heaped on a single item. Like the Emir of Kano recently cried out, we are pauperizing the country and its people.

Before the country was colonized by Britain, during the second half of the 19th century, the various nationality groups that currently make up Nigeria were largely an agricultural people. They were food self-sufficient and produced a variety of commodities that were exported overseas. The same is still true today. Our human geography tells us that we remain an agrarian society where 70% of our population is engaged in agriculture. However, the past glory of commodity exporter has lost its luster. There remains the fact   that we are incapable of feeding ourselves and poverty persists in the nation.

On the research side, attention was devoted largely to the possibilities of evolving permanent systems of agriculture that were capable of replacing rotational bush-fallowing systems prevalent in the country and realizing the promises of mixed farming in the north. Achievements of the period include the development of ‘Alien Cotton’ in the south; rice cultivation  in Sokoto, Niger, llorin, Abeokuta Colony and Ondo provinces; the introduction of wheat cultivation in the more northern parts of the northern provinces; the expansion of production of such export crops as cocoa, oil palm and groundnut. The billion Naira questions begging for answers are many. Have we kept faith with these policies? What became of Awolowo’s farm settlements in Western Nigeria and in other parts of the country? Why is Lagos not a huge fish economy? The same could be asked of Cross River, Rivers and Delta States. What happened to our vast rubber plantations; Odutola Palm plantation; and the rubber plantation spanning Ikenne to Ayepe?

Among the most enduring and damaging impacts of Nigeria’s oil and gas resource curse has been the long, steady decline of the country’s agricultural sector. Add to this, is the attitude of the monied class to investment in agriculture. At best investment in agriculture is seen as a fad or fashion; hence there has been no wholehearted involvement in food production: Rather than produce food, they are content with growing mangoes for export; instead of fish for the teeming populace, they lay emphasis on shrimps which they sell on the high seas to foreign buyers. The small scale farmers do not have access to facilities and they remain subsistence in their activities. But those who have the money to invest are lackadaisical in their attitude. At best it’s a fashion that soon gets outmoded and they move on to other dollar-yielding activities. Where are the much vaunted Abiola Farms, Yar’Adua Farms, Folawiyo Farms and many more that are too lengthy to mention? The biggest fish farm we have is owned by foreigners who are ready to convert their investment into dollars and leave with the next flight. Yet we talk about food insecurity.

Food security can only exist when all people, at all times, have physical and economic access to sufficient safe and nutritious food that meets their dietary needs and food preferences for an active and healthy life.

Today, the agricultural sector is one of the most important in the country; it employs around 70% of Nigerian Labour force. But the sector suffers because of low output, and because of that, it is getting harder to feed the increasing population.

Another factor that has exacerbated the incidence of food sufficiency in Nigeria is the conflict and violence which has been largely due to ethnic and religious tensions: High rates of population growth and poverty have also played a part, within an already difficult environment of fragile ecosystems.

Although industrialized agriculture has been successful in producing large quantities of food, the future of food production is in jeopardy due to problems in agriculture.

Many face hunger, and an estimated three million could suffer critical food insecurity during the next lean season. Children under five in Nigeria experience high malnutrition rates: 43.6% are stunted, 10.8% are wasted.

Food shortage is a serious problem facing the world and is prevalent in sub-Saharan Africa. The scarcity of food is caused by economic, environmental and social factors such as crop failure, overpopulation and most importantly as a result of poor government policies.

Until our governments at various levels live up to their responsibilities in creating an enabling environment for robust agricultural development, we will continue to reap a ‘Harvest of Shame’.

GOD, give us men!

A time like this demand

Strong minds, great hearts, true faith and ready hands;

Men whom the lust of office does not kill;

Men whom the spoils of office cannot buy;

Men who possess opinions and a will;

Men who have honor; men who will not lie;

Men who can stand before a demagogue

And damn his treacherous flatteries without winking!

Tall men, sun-crowned, who live above the fog

In public duty, and in private thinking;

For while the rabble, with their thumb-worn creeds,

Their large professions and their little deeds,

Mingle in selfish strife, lo! Freedom weeps,

Wrong rules the land and waiting Justice sleeps.

– Josiah Gilbert Holland

 

Barka Juma’at and a Happy weekend!

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

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By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

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Peter Obi, Only Life in ADC, Says Fayose

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Former Governor of Ekiti State, Ayodele Fayose, says the former presidential candidate of the Labour Party, Peter Obi, is the only life in the African Democratic Congress, ADC.

Fayose made this statement on Friday while fielding questions in an interview on ‘Politics Today’, a programme on Channels Television.

He also said that the Peoples Democratic Party, PDP, is technically no more, adding that it is dead.

The former governor equally said that Oyo State governor, Seyi Makinde, should not be dragged into the woes of the PDP.

He said: “Obi is the only life in ADC; all other people in ADC are semi-existent. If Obi had remained in Labour Party or has gone to Accord Party, he is the only life there. All the other people there, they are not existing. They are old-forces.

“Openly, I supported Tinubu in 2023. I didn’t hide it. Till now I’m still there. I don’t jump. I have said it to you I’m not a member of APC and I will never be.”

DailyPost

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More Troubles for Ahmed Farouk: Dangote Drags Ex-NMDPRA Boss to EFCC over Corruption Claims

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The Chairman of Dangote Industries, Aliko Dangote, through his legal representative, has filed a formal corruption petition against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission.

This was disclosed in a statement made available to our correspondent by the Dangote Group media team on Friday.

Recall that Dangote had earlier petitioned the Independent Corrupt Practices and Other Related Offences Commission to investigate Ahmed for allegedly spending $5 million on his children’s secondary education in Switzerland. He withdrew the petition a few days ago, even as the ICPC vowed to continue with its investigation.

The statement on Friday said Dangote’s petition to the EFCC followed “The withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission, a strategic decision aimed at accelerating the prosecution process.”

In the petition, signed by Lead Counsel Dr O.J. Onoja, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Ahmed, and to prosecute him if found culpable.

The petition further stated that Dangote would provide evidence to substantiate claims of financial misconduct and impunity.

“We make bold to state that the commission is strategically positioned, along with sister agencies, to prosecute financial crimes and corruption-related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624) 337,” the petition read.

Onoja further urged the commission, under the leadership of Mr Olanipekun Olukoyede, “To investigate the complaint of abuse of office and corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”

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