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Nigeria Has The Cheapest Food In W/Africa, Says NGF

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AbdulRahman Abdulrazaq, Chairman of the Nigerian Governors Forum and Governor of Kwara State has asserted that food in Nigeria is the most affordable in West Africa.

During a visit to the Minister of Agriculture and Food Security, he, along with Governors from Taraba, Kogi, and Ondo States, expressed the need for Nigeria to reach a point where it can export its food.

Abdul Razaq acknowledged the difficulties faced with the CBN Anchor Borrowers Programme, describing it as a challenging endeavor.

He said “What I’ve also noticed is that in West Africa, food in Nigeria is the cheapest in West Africa and our neighbours are using our food to trade.

“We have also noted that food in Nigeria is the cheapest in West Africa, and our neighbours are using our food to trade. They are taking our soybeans and other stuff to make a foreign exchange for themselves

“That is not a bad thing; what we need to do is ramp up production and increase yield per hectare so that we can feed West Africa, feed ourselves 100 per cent, and export food. That is the goal we must achieve.

AbdulRazaq further emphasized that addressing food security is a comprehensive task, highlighting the importance of focusing on Nigeria’s initiatives for dry-season farming.

He added “We have come to the realisation that we now have a new Ministry of Agriculture. Because over the last four years, before this administration, the engagement was not too productive because the CBN had taken over most of what the Agriculture Ministry was doing. Our trips to the ministry at that time were not fruitful.”

Earlier, the minister of Agriculture and Food Security, Senator Abubakar Kyari, outlined a strategic vision aimed at significantly boosting year-round agricultural production.

The primary goals include curbing food inflation, fostering employment, reducing poverty, stimulating economic growth, and promoting inclusivity.

Expressing confidence in collaborative efforts, Kyari informed governors about the initiation of the second phase of the Dry Season Food Production Programme under the National Agricultural Growth Scheme and Agro-Pocket (NASG-AP).

He shared that responses from the Governors of the 36 States and FCT to Expressions of Interest have been encouraging.

He said “There is no question that if we get things right now, and without an iota of doubt with all hands on the plough, future programmes and projects will enable us to more seamlessly achieve all-year-round agricultural production with beneficial consequences for economic empowerment, inclusiveness, and ultimately wider opportunities for value addition, food and nutrition security, as well as industrialization.

“We are putting behind us the challenges encountered during the first phase of dry-season farming with wheat in 15 participating states.

“After a detailed and careful evaluation of some of the glitches that characterised that phase and with collective stakeholders’ proposals, there will be additional implementation guidelines for the second phase commencing soon.

“Your Excellencies, the phase we are about to get into is particularly crucial because, unlike phase one for wheat production, which involved only 15 states, the second phase will cover the entire country.

“We would therefore like you to use the instrumentality of your offices as governors to ensure the readiness of your respective states for optimal participation in this second phase for the cultivation of rice, maize, and cassava.” he added

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NEWS

N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden

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Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.

In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.

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He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.

The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.

“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.

He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.

“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.

Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.

“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said

He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.

“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”

Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.

He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.

“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.

Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.

“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.

He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.

 

 

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ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others

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The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.

In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”

READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt  Chairman By Police

The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.

Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.

The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.

With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.

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NEWS

Edo State Governor Sets Up Committee To Recover Missing Gov’t Vehicles

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Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.

The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.

READ ALSO: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.

He urged the committee to carry out its assignment thoroughly and within the bounds of the law.

In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.

“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.

“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”

The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.

“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”

He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.

“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.

The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.

 

 

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