RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Today’s Make Nigeria Better Series Highlights Adamawa State’s Untapped Potential By Ayo Akinfe

Rate Captain by Rate Captain
July 18, 2024
in Economy
Reading Time: 3 mins read
A A
0
Today’s Make Nigeria Better Series Highlights Adamawa State’s Untapped Potential  By Ayo Akinfe
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Adamawa State is by far the biggest waste in Nigeria when it comes to tourism. This state is made up of undulating hills, scenic plateaus, and mountains. America’s Grand Canyon, Canada’s Banff National Park, and Australia’s Ayers Rock have nothing on Adamawa State, but alas, almost no tourism revenue is generated from this natural resource.

In the extreme south of Adamawa State is part of the Gashaka Gumti National Park, a large wildlife park that contains large populations of bushbuck, African buffalo, patas monkey, black-and-white colobus, giant pangolin, and hippopotamus, along with some of Nigeria’s last remaining Nigeria-Cameroon chimpanzees, African leopards, and African golden cat populations. Why the Adamawa State government has not turned this into another Kruger National Park is beyond me.

AlsoRead

Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

CBN Cuts Benchmark Rate by 50bps to 26.5% in Measured Easing Move

Hotels, bars, restaurants, theme parks, amusement arcades, casinos, etc., should be built around all of Adamawa’s mountain sites like Mount Atlantika, Mandara, the Shebshi ranges, and the Adamawa Plateau. Were I the Adamawa State governor, I would take a trip to Las Vegas to see what they have done there.

Can I also mention that Adamawa State is crisscrossed by the River Benue and River Gongola, so it should be a major source of hydroelectric electricity. Why a hydroelectric power plant capable of generating 5,000 MW has not been built at somewhere like Numan is totally beyond me.

In addition, Adamawa is an agriculture-based state, which mainly relies on livestock and crops such as cotton, groundnuts, millet, cassava, guinea corn, and yams for its survival. It is the eighth largest state in Nigeria, with 36,917 km² of land, so there is no shortage of farmland. In an ideal world, Adamawa would be littered with US-style prairie commercial plantations mass-producing food and cash crops.

Like the rest of you, I am waiting for the Adamawa State government to construct industrial estates in its urban centres like Yola, Numan, Hong, Mubi, Madagali, Lamurde, and Song. We should have food processors in all these areas converting harvested crops into finished foodstuffs. Maybe the Adamawa State government should take out a minority stake in some of these companies under public-private enterprise ventures.

In addition to fertile land and beautiful hills, Adamawa State also has solid minerals like limestone, tantalite, and kaolin. I am perplexed as to why the Adamawa State government has not invited the likes of Rio Tinto to come and open a processing plant in the territory.

At the moment, the Dangote group operates a sugar production factory in Numan which has a sugar refining capacity of 3,000 tonnes of cane per day. This needs to be expanded upon, with local farmers encouraged to grow sugarcane commercially.

Adamawa should also be one of the major beneficiaries of plans to introduce widespread ranching across Nigeria. Adamawa State has around 1.5 million cattle and 64 grazing reserves, of which 30 are gazetted. Maybe the state can become the epicentre of the Nigerian cattle industry. Adamawa currently has a thriving livestock industry, as it has 2.5 million heads of cattle and traders come from all over the country and West Africa to buy and sell cattle in its markets, such as the Mubi International Cattle Market.

Despite Adamawa State’s high level of cattle production, its markets are poorly developed without essential services like meat processing, meaning live animals have to be transported in trucks for four days before they reach cities with high demand. Were I the Adamawa State governor, I would be planning to construct an Adamawa Cattle Rail Link that would link cities like Yola and Mubi with cities such as Abuja, Kano, Kaduna, Maiduguri, Lagos, Enugu, Port Harcourt, etc. We would then float the Adamawa Livestock Company and guarantee meat delivery to you within 24 hours of placing your order, whatever part of Nigeria you are in.

Previous Post

Tinubu Seeks N6.2 Trillion Budget Hike for 2024, Plans New Tax on Banks’ Forex Gains

Next Post

Exchange Rate for Customs Duties Surpasses Official Market Rate Again

Related News

Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

by Akpan Edidong
February 27, 2026
0

President Bola Tinubu has signed an executive order that fundamentally reshapes the management of Nigeria's oil and gas revenues, directing...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

by Stephen Akudike
February 27, 2026
0

The US dollar weakened to its lowest level in a week on February 26, 2026, as investors scaled back positions...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

CBN Cuts Benchmark Rate by 50bps to 26.5% in Measured Easing Move

by Stephen Akudike
February 26, 2026
0

The Central Bank of Nigeria (CBN) reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5% on February...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Closes Lower as Profit-Taking in Banking and Insurance Weighs on Market

by Stephen Akudike
February 26, 2026
0

The Nigerian Exchange Limited (NGX) extended its bearish session on Wednesday, February 25, 2026, with the benchmark All-Share Index dipping...

Next Post
Naira depreciates to N755/$ in the parallel market.

Exchange Rate for Customs Duties Surpasses Official Market Rate Again

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

February 27, 2026
Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

February 27, 2026

Popular Story

  • Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

    Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

    0 shares
    Share 0 Tweet 0
  • US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

    0 shares
    Share 0 Tweet 0
  • MTN Nigeria Delivers N5.2 Trillion Service Revenue in 2025.

    0 shares
    Share 0 Tweet 0
  • NGX Bearish Streak Deepens as Profit-Taking Erases N514 Billion from Market Value

    0 shares
    Share 0 Tweet 0
  • CBN Cuts Benchmark Rate by 50bps to 26.5% in Measured Easing Move

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>