News
Bagudu, Kyari, blame subsidy removal, insecurity, Naira redesign for Food insecurity
The Minister of Budget and National Planning Atiku Bagudu has raised issues on the challenges facing agriculture which he said is not only limited to the insecurity but the high cost of fuel.
Making his remarks at an
interactive session with the Senate Committees on Finance,
Appropriations, Banking, Insurance and other Financial Institutions he said if care is not taken, there are some five local Governments in the North where 70% of the cultivation may not be possible because of fuel cost.
“From our perspectives particularly from Budget and planning, there are places today in about 18 states in the country where you can still Plant rice for the dry season farming, including the constituency of the chairman of the National planning, but in 5 local governments, where if care is not taken not for reasons of insecurity, 70% of the planted area might not be planted because of fuel cost.
He said the same thing in the constituency of senator Adamu Aliero in a number of places.
“So the balancing of the reforms and ensuring the necessary measures have been implemented urgently in order to ensure that we even support the reforms and the commendable act of removing fuel subsidy needs to be supported by measures that support domestic production in other to achieve the full impact and benefit.”
The Minister of Agriculture and Food Security, Senator Abubakar Kyari on his part said the issue of food security, which is availability, affordability of food are being challeged.
He attributed the first challenge to COVID19 which impacted on Agriculture and all other sectors.
At the same time he said the flooding of 2021, and also the Naira redesign of 2022, 2023 at the point of harvest when government came up with the policy of redesigning of Naira really impacted on the availability of cash.
“Early 2023 when farmers were just preparing for planting they had no cash anywhere.
“Access to capital for farmers is very key, in addition an exiting Government did not plan to do wet season cultivation for 2023, I don’t think there was any impact or any intervention against the 2023 cultivation and that also impacted on the quantum of harvest in 2023.
“We have had two programs, one is the wheat program in which Jigawa has a lot of impact and 14 other states but the second phase of rice that is just about to roll out now is being challenged now in terms of fuel and in terms of input because we have seen some of the challenges that the farmers face in the 2023 wheat program even though government subsidized imput by 50% it was a tall order for farmers to come up with their own portion.
“So what we are trying to do is to bridge that gap, we dont want to make it a situation where it will be viewed as the other programs in the past where they felt it as a largess.
He said there are farmers that are ready to go back to farm they are excited about it but there are challenges in security and even fuel cost.
However, he said they are trying to work assiduously with the Ministry of Finance, as the president had already given them his support on the second phase.
“We intend to do between 100 and 250 hectares for rice alone in the dry season farming for the short Medium Term. Let me say for the short term there is scarcity of paddy and scarcity of maize.
“The next phase we have about 50000 hectares for maize to cultivate in the dry season now. Luckily with maize you can do multiple cropping when there is irrigation but what we are faced with today is the undocumented exports of food to our neighboring countries.
“Today the 1Cefas is N2.50 that is to say 100cefa is 2200. That use to be N400 some few years ago. When you look at our neighboring countries, all 4 neighboring countries around us the Cefas which is hard currency and because of the devaluation of the Naira our food is the cheapest round the neighborhood.
“So you find a lot of undocumented exports, smuggling across our porous borders to these neighboring countries.
“In addition, the other angle that we have over the period is the unavailability of foreign exchange. A lot of investors, be it Indian, Chinese, Turkeys who are operating in this country buy our crops that are sought after outside, like soya beans and sesame and buy it at exorbitant price just to earn foreign exchange and the worst part is most of these monies are not repatriated back to us.
“Export is a good thing for us but when you don’t earn the foreign exchange and it is not repatriated back to us, and government dont have any income from it, I am sorry that is not a good sign.
“So what we are trying to do here is we are trying to ramp up production, I think it is an issue of economics between supply and demand but unfortunately we have to see how we can secure food for our 230m citizens.
“At the same time if this economic situation continues then you have to seal up the border which is against the ECOWAS issue or produce for the whole of West Africa, that is the unfortunate thing but if we can secure the land and have farmers go back to the farm I am sure we can do it, we have 70m heaters available in Nigeria so these are the challenges that we find ourselves in.
However, he expressed especially but his ministry would soon roll out dry season farming between the next 8 to 10 days. He said they would achieve that with the help of the President and the coordinating minister of the economy
He said they want to support the farmers for the dry season farming.
News
Obidient Movement Denounces Fake Social Media Posts Targeting Senator Datti-Baba Ahmed
The Obidient Movement, led by Dr. Yunusa Tanko, has issued a press statement condemning the circulation of false social media posts attributed to Senator Datti-Baba Ahmed. The fabricated posts, which have gone viral, are described as part of a deliberate smear campaign aimed at damaging the Senator’s reputation.
The movement clarified that Senator Datti-Baba Ahmed does not operate any social media accounts, making all attributed posts entirely baseless. During a recent press conference, the Senator unequivocally dissociated himself from these claims and urged the public to disregard them.
“This is a targeted attempt to tarnish the Senator’s image and credibility,” Dr. Tanko stated.
The Obidient Movement has called on its supporters and the public to remain vigilant and proactive in addressing the issue. They urged people to ignore, counter, and report the false posts whenever they appear.
The statement concluded with an appeal for continued support and collaboration in combating misinformation, reinforcing the movement’s commitment to truth and integrity.
News
Senate Approves President Tinubu’s N1.767 Trillion Loan Request
The Senate has granted approval for a $2.09 billion (N1.767 trillion) loan requested by President Bola Tinubu to address the N9.7 trillion deficit in the N28.7 trillion 2024 budget. The decision was made during Thursday’s plenary, just 48 hours after the request was submitted to the National Assembly.
President Tinubu, in letters to both chambers of the legislature earlier this week, highlighted the importance of the loan for financing key projects and programs critical to national development.
Following the request, the Senate assigned its Committee on Local and Foreign Debts, led by Senator Aliyu Wammako (APC, Sokoto North), to review the proposal. Presenting the committee’s report, Senator Wammako described the loan as vital for implementing the Debt Management Strategy, reducing borrowing costs, extending debt maturity, and bolstering Nigeria’s external reserves.
The committee recommended raising the loan through Eurobonds or similar international financing instruments, subject to market conditions. It also suggested that any excess funds from exchange rate adjustments be directed toward capital projects in 2024 to support infrastructure and economic growth.
The Senate approved the loan unanimously, with no objections raised during deliberations. Deputy Senate President Jibrin Barau, who presided over the session, commended the Wammako-led committee for its swift and thorough handling of the proposal.
This loan approval is part of the government’s broader strategy to bridge fiscal gaps while focusing on developmental priorities and economic stability.
News
Finland Detains Pro-Biafra Agitator Simon Ekpa on Terrorism Charges
Simon Ekpa, a Finland-based pro-Biafra agitator, has been arrested and detained by the Päijät-Häme District Court in Finland on charges of inciting public crimes with terrorist intent.
The alleged offence reportedly occurred in Lahti on August 23, 2021. Finnish authorities apprehended Ekpa on Monday, November 19, marking another chapter in his history of legal confrontations.
A source confirmed Ekpa’s arrest, noting, “He was arrested three days ago. But this is not the first time. He will likely be questioned and released soon.” Ekpa was previously detained in 2023 on suspicion of fundraising fraud but was released the same evening.
The Finnish National Bureau of Investigation (NBI) has also requested the detention of four additional suspects in connection with terrorism-related charges.
Ekpa has gained notoriety for his leadership of a Nigerian separatist group advocating for an independent Biafran state in southeastern Nigeria. Finnish authorities allege that he used social media platforms to coordinate actions that resulted in violence against civilians and authorities in Nigeria.
Detective Chief Inspector Otto Hiltunen of the NBI stated that the investigation focuses on a Finnish citizen of Nigerian descent, born in the 1980s, suspected of public incitement to crimes with terrorist intent.
Meanwhile, the Nigerian government has continued to engage the Finnish government through the European Union (EU) to extradite Ekpa. In August, Nigeria’s Defence Headquarters emphasized the dual approach of diplomatic engagement and sustained military operations against the Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN).
Director of Defence Media Operations, Major General Edward Buba, reiterated the government’s resolve, saying, “The FG would respond appropriately to the Finnish Government through the EU. On the part of the military, troops would sustain operations against IPOB/ESN.”
Ekpa, who has represented Finland’s National Coalition Party (NCP) in local government, currently serves on Lahti’s public transport committee. Finnish authorities continue to investigate his activities, emphasizing the potential connection between his leadership role in the separatist movement and violent actions in Nigeria.
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