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How Propcom Mai-karfi Helped Smallholder Farmers in Nigeria’s Rural Communities

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UK aid funded programme, Propcom Mai-karfi, hosted a closing event at the Sheraton Abuja Hotel on Thursday, 21 October, along with key stakeholders in the agriculture sector.

Ben Llewellyn-Jones, UK’s Deputy High Commissioner in Lagos.

Programme staff explained how the UK Government’s investment in agriculture has expanded market access and catalysed private sector investments to create economic opportunities for smallholder farmers in Northern Nigeria.

In attendance was the Deputy High Commissioner in Lagos, representatives of the UK Government and other donor agencies, commissioners of agriculture in implementing states, development sector partners, private sector stakeholders and civil society organisations.

The event provided a platform for Propcom Mai-karfi to tell its story of impact and to advance discussions on sustaining successes recorded over the years. Strategies for promoting inclusive business models for the private sector, prospects for transformation of the public sector, and opportunities for donors and development partners to improve the effectiveness and efficiency of development support into the region were shared.

UK’s Deputy High Commissioner in Lagos, Ben Llewellyn-Jones, said:“We are very pleased to be able to celebrate today with all our partners the impact Propcom Mai-Karfi has made in Northern Nigeria over the last 9 years.

“Its success has only been possible due to the drive, motivation, and willingness of our partners to adopt the market-driven approaches that ultimately create greater economic opportunities for poor men and women.

“The UK remains committed to supporting inclusive and climate resilient growth in Nigeria, and we look forward to continuing these partnerships.”

Hajiya Halima Lawal, Commissioner of Agriculture, Kaduna State, said:“I want to applaud the UK Government and to offer my congratulations to the entire Propcom Mai-karfi team for the considerable achievements in developing agriculture over the years, especially in promoting pro-poor opportunities and inclusive market growth in Northern Nigeria, and thereby improving the livelihood of citizens in our State and the region.

“As a State, we remain committed to facilitating and attracting investments and look forward with keen anticipation to future collaborations with the UK government.”

Kevin Gager, National Team Leader, Propcom Mai-karfi said:“Defining and/or sustaining various paths to economic recovery and growth demands that existing knowledge and experiences be accounted for in the process. Propcom’s closing event offered up our wealth of experience for everyone to share in the future development efforts in Northern Nigeria.”

Propcom Mai-karfi deployed the ‘Making Markets Work for the Poor – M4P’ approach which focuses on tackling the constraints that affect the markets that poor people participate in so that they can derive higher benefits and values from better functioning market systems.

The Programme targeted market systems with opportunities for poor farmers. It identified factors causing them to perform poorly and facilitated relevant players in the markets to address those underlying constraints. In so doing, Propcom helped to build the capacity of smallholders in climate smart agriculture and helped to provide the knowledge for them to improve their productivity and overall production.

By helping smallholders generate increased income, the Programme stimulated economic recovery in Northern Nigeria to the tune of N37 billion in public and private sector investment.

Deputy Team Leader, Propcom Mai-karfi, Ogheneovo Ugbebor said:“At the heart of Propcom Mai-karfi was sustainability. The Programme assumed only a facilitatory role, never direct delivery, thereby allowing key actors to drive the process from the outset.

“Importantly, Propcom’s intervention designs and strategies were built on the motivation and incentives of key players to act now and in the future, creating the needed drive for continuity. In its facilitative capacity, Propcom sustainably expanded market access to agricultural inputs and services, trade linkages and fostered business and regulatory reforms leveraging billions of Naira in investments from the public and private sectors.”

 


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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

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Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

EFCC

The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), from its Letters of Credit (LC) payable accounts.
Investigations revealed that the defendants processed fraudulent transfers through the SWIFT platform to third parties.
One of the counts reads:
“That you, BAKARE OLADIMEJI SURAJUDEEN and JAMES OLUKAYODE IMOKWEDE, sometime in 2021 in Lagos within the jurisdiction of this Honourable Court, dishonestly took the sum of N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), property of FSDH Merchant Bank Limited.”
Another count reads:
“That you BAKARE OLADIMEJI SURAJUDEEN AND JAMES Olukayode Imokwede sometime in 2021 in Lagos within the jurisdiction of this Honourable Court dishonestly took sum of $306,667. 81 (Three Hundred and Six Thousand, Six Hundred and Sixty Seven dollars, Eighty one cents) property of FSDH Merchant Bank Limited”.
The defendants pleaded “not guilty” to all the charges preferred against them.
Following their pleas, prosecution counsel, H. U. Kofarnaisa, asked the court for a trial date and also prayed that the defendants be remanded in a Correctional facility pending trial.
Counsel to the first and second defendants, Oluwaseun Akintunde and Olajide S. Onasanya, informed the court that bail applications had been filed on behalf of the defendants and also urged the court to grant them bail on liberal terms.
They also prayed that the defendants be remanded in the EFCC custody pending the perfection of their bail conditions.
The prosecution counsel, however, opposed the prayers of the defence seeking the remand of the defendants in the EFCC custody, saying that “the EFCC detention facilities are overstretched.”
After listening to both parties, Justice Ijelu granted the defendants bail in the sum of N2 million each, with two sureties in like sum.
The court ordered that one of the sureties must be a relative, who is gainfully employed.
The sureties must provide evidence of tax payment in the last three years and must show proof of livelihood, with their residences verified.
The defendants were ordered to deposit their international passports with the court, and must not travel outside the country without the leave of the court.
The judge subsequently remanded the defendants in a Correctional facility pending the perfection of their bail conditions.
Justice Ijelu adjourned the matter till March 25, 2026, for the commencement of trial.

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AfDB Supports Francophone Africa Start-ups with €6.5M

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The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.

The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.


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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

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Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.

Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.

The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.

SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.

The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.

Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.

Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.


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