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‎Fintiri inaugurates National Livestock Council, seeks federal support for sector reforms

Charles Suru by Charles Suru
November 25, 2025
in News
Reading Time: 2 mins read
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Nigeria can’t rely on borrowing forever, Finance Minister warns over fresh World Bank loan plans By Paul Joseph Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has declared that the country can no longer depend heavily on borrowing to fund national development, insisting that stronger tax reforms and sustainable revenue generation are now critical to the nation’s future. Speaking at the 28th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, Oyedele said Nigeria must build a resilient fiscal system capable of financing infrastructure, healthcare, education, security and social welfare without excessive reliance on debt. His remarks come amid reports that the Federal Government is seeking a fresh $1.25 billion loan from the World Bank to support economic reforms and job creation initiatives. According to the minister, the government’s ongoing tax reforms are designed to improve fiscal sustainability, attract investment, reduce inequality and stimulate long-term economic growth. Oyedele noted that Nigeria’s tax system has for years been weakened by multiple taxation, poor compliance, fragmented administration and overdependence on a narrow revenue base, making it difficult for government revenues to adequately support development needs. He explained that the proposed reforms aim to simplify taxation, improve fairness and reduce the burden on low- and middle-income earners while creating a more investor-friendly environment. The minister disclosed that minimum wage earners have now been exempted from personal income tax, while plans are underway to reduce company income tax rates in order to encourage business expansion and investment. He added that reforms to the Value Added Tax system are expected to lower operational costs, improve efficiency and help moderate inflationary pressures across the economy. Oyedele further revealed that at least 15 states have already adopted tax harmonisation laws aimed at reducing multiple taxation and easing compliance burdens on businesses operating across the country. Also speaking at the conference, Vice-President Kashim Shettima defended the reforms, describing them as pro-people and pro-business measures intended to strengthen the economy and lift millions of Nigerians out of poverty. Former Edo State Governor, Adams Oshiomhole, also backed the reforms, arguing that wealthy Nigerians and private jet owners should contribute more through taxation to support national development. Fintiri approves new phase of Business Wallet programme for 72,000 Adamawa entrepreneurs
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Adamawa State Governor Ahmadu Umaru Fintiri has inaugurated members of the National Council on Livestock Development and its Technical Committee, a move aimed at repositioning Nigeria’s livestock industry as a major contributor to economic diversification, food security, rural development and peacebuilding.
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‎Speaking at the ceremony in Yola, the governor, represented by his deputy, Professor Kaletapwa Farauta, urged the Federal Ministry of Livestock Development to expedite support for Adamawa’s Natural Resource Fund Grant Application submitted to President Bola Ahmed Tinubu in May 2024.
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‎The proposal seeks funding for a programme titled “Improving Livestock Productivity and Mitigation of Herders–Farmers Conflict through Effective Utilization of Grazing Reserves.”
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‎Farauta also called for federal intervention to support a Model Demonstration Pilot Ranch under the National Livestock Transformation Plan (NLTP), particularly its pillar focused on ranching, fodder production and value-chain development.
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‎She outlined a series of ongoing state initiatives aimed at revitalizing the livestock sector, including the rehabilitation and demarcation of 69 grazing reserves—32 gazetted and 37 ungazetted—along with stock routes, dam desilting and the provision of watering points. A state office for the NLTP has also been established to strengthen pasture development at the Gongoshi Grazing Reserve.
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‎Other interventions highlighted include the modernization and construction of international cattle and livestock markets, rehabilitation of the Yola Ultra-Modern Abattoirs, and the construction of modern veterinary hospitals, clinics and laboratories.
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‎The state has further established Artificial Insemination Centres across its three geopolitical zones, alongside cold-chain facilities and milk collection centres operated by L-Press.
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‎According to the deputy governor, these measures are designed to boost animal health systems, with intensified disease surveillance and vaccination campaigns against CBPP, FMD, PPR, HS, LSD and rabies.

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‎Earlier, the Minister of Livestock Development, Idi Mukhtar Maiha, who chaired the maiden meeting of the council, encouraged members to strengthen collaboration and attract investment into the livestock value chain.
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‎He said the ministry was established to modernize the sector and reduce recurring conflicts, guided by the National Livestock Growth Acceleration Strategy (NL-GAS), the National Livestock Master Plan and other policy frameworks.
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‎The council-composed of commissioners and directors of livestock development from all 36 states and the FCT, along with industry stakeholders, held its meeting under the theme “Livestock Rebirth: Accelerating Renewed Hope.” The forum aims to grow the livestock industry from its current $32 billion valuation to $74 billion within five years.
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‎Maiha disclosed that several companies have already indicated interest in investing in dairy, beef, fodder, small ruminants, animal breeding, poultry and piggery production. He added that the ministry has registered eight new pasture species, rehabilitated the National Veterinary Research Institute in Vom, and expanded national vaccine production capacity from 120 million to 850 million doses annually.
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‎“Our target to double national milk production from 700,000 to 1.4 million metric tons annually is now within reach,” the minister said, stressing the need to reduce Nigeria’s $1.5 billion annual dairy import bill.
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