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Yuletide: Passengers Groan As Fares Double

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L-R: Governor of Central Bank of Nigeria, Malam Sanusi Lamido, Deputy Governor, Mr Kingsley Moghalu, Governor Peter Obi of Anambra State and the Minister of Finance, Dr Ngozi Okonjo-Iweala, at a meeting of the Economic Management Team in Abuja, last Monday.

L-R: Governor of Central Bank of Nigeria, Malam Sanusi Lamido, Deputy Governor, Mr Kingsley Moghalu, Governor Peter Obi of Anambra State and the Minister of Finance, Dr Ngozi Okonjo-Iweala, at a meeting of the Economic Management Team in Abuja, last Monday.

Passengers travelling out of Lagos State to parts of Western and Eastern Nigeria for the Christmas and New Year celebrations have been groaning, following the exorbitant fares charged by transport operators.

Some of the passengers who spoke with The Tide source in separate interviews, described the transport operators as ‘inhuman’ and ‘wicked’.

According to them, the attitude of raising fares during the Christmas was a sin of greed, extortion and covetousness, which God frowns at.

Reporters’ visits to Iyana-Ipaja, Oshodi, Ojota and Jibowu Motor Parks showed that many passengers were stranded following the exorbitant fares they never prepared for.

Joy Chukwu, a Benin-bound passenger, who said that the fare rose from N1,700 to N3,050, expressed sadness over the hike, which she described ‘ruthless’.

“I really felt bad about this excessive increase, of course, this is the festive period but the gap is abnormal,” Chukwu told newsmen.

Another Port Harcourt-bound lady, Miss Angela Oshie, who lamented over the inflation of fares, said that the fare rose from N3,200 to N7,000.

“Ordinarily, fares from Lagos to Port Harcourt used to be between N3,200 to N3,500 but this has gone up to N6,500, N7,000 is ridiculous,” Oshie said.

An Ado-Ekiti bound traveller, Mr Ola Ibitoye, who told reporters that the fare rose from N1,800 to N2,500, said it was outrageous.

“It is not easy at all, this is a gross extortion and God is not happy about it. We should not be extorting ourselves.

“Why should there be this kind of increase? Is Christmas not like any other day?” he asked.

Mr Ige Akinwumi, an Abakaliki-bound traveller, who said that the fare rose from N2,000 to N4,500, lamented over the increase, saying that drivers were greedy.

“No greedy man or woman will have enough; it is the blessing of the Lord that makes one rich, without adding sorrow, so they must know that they need to stop oppressing their fellow men.

“We use to board this bus for N2,000 before, getting here today and finding it at N4,500 is a surprise to me,” Akinwumi said.

Mrs Christiana Ikedi, a Warri-bound traveller, who noted that the fares rose from N2,000 to N4,000, said that the excessive fares would not bring any additional fortune to the transport operators.

“This cannot make drivers become rich overnight; it is not good at all, it is an oppression and man’s inhumanity to man,” Ikedi said. An Abuja-bound traveller, Miss Tracy Okeke, who said that the fare rose from N4,500 to N6,550, described it as outrageous.

“This is very embarrassing from our own people; the drivers don’t even consider that some of these buses belong to government.

The Tide source reports that fares from Lagos to Owerri, Abia, Enugu, and other eastern states rose from N3,500 to N6,500 at major parks in Lagos.

It was learnt that the transport fares in most of the motor parks across the state have gone up by more than 100 per cent because of the mass movement of passengers to other parts of the country for the festivities.

Reporters says that transport fares to Eastern Nigeria which were between N2, 500 and N3, 000 before the Christmas season, have increased to N6,000 and N7, 000.

Few of the transporters who spoke to reporters attributed the general fare increase to patronage and shortage of buses, as well as bad roads.

According to them, most of the drivers have to return to Lagos empty, without carrying passengers, because of the exodus out of Lagos.

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Customs Seek Support To Curb Smuggling In Ogun

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The Nigeria Customs Service(NCS), Ogun 1 Area Command, has solicited  support in fighting smuggling and other economic crimes at the Nations  border.
The  Area Comptroller, Olukayode Afeni made the appeal in an interview with Newsmen in Idiroko, Ogun.
The comptroller stressed the need for the public to provide timely and reliable information to the Service, saying noting that fighting smuggling is a collective effort
“I urge the general public to join hands with NCS by providing timely and credible information that would help toward suppressing smuggling and other economic crimes.”
“Together, we can build a prosperous nation where compliance is the norm, and criminality has no place,” he said.
Afeni reiterated the command’s commitment to combat smuggling, and facilitating legitimate trade, as well as generate revenue for national development.
 Chinedu Wosu
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IFAD: Nigeria Leads Global Push For Youth, Women Investment In Agriculture

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The 49th Session of the International Fund for Agricultural Development (IFAD) Governing Council has concluded in Rome, with Nigeria taking a prominent leadership role in advancing global agricultural development priorities, particularly strategic investment in youth and women.
The biennial meeting, themed “From Farm to Market: Investing in Young Entrepreneurs,” underscored the growing recognition of young people as critical drivers of job creation, innovation, and inclusive economic growth across global food systems.
The session opened with the election of Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, as Chairperson of the IFAD Governing Council.
Having previously served as Vice Chair, his emergence as Chairperson reflects the strong confidence reposed in Nigeria by Member States, recognising the country’s constructive engagement and leadership in promoting global food security.
In his acceptance remarks, Senator Kyari expressed deep appreciation to Member States for the trust placed in him, pledging to serve with humility, diligence, and a strong commitment to improving the livelihoods of rural women and men across the world.
Addressing delegates during the session, the Chairperson emphasised that prioritising youth and women in agriculture is key to unlocking economic opportunities, accelerating innovation, and driving inclusive growth.
He noted that such investments would ultimately strengthen global food systems while helping to reduce hunger and poverty.
Senator Kyari also commended President Bola Ahmed Tinubu for placing food security at the centre of Nigeria’s national priorities.
He noted that Nigeria’s leadership role at IFAD aligns with the President’s directive to boost agricultural productivity, expand economic opportunities for youth and women, and build resilient food systems capable of withstanding climate and market shocks.
The Minister further praised the IFAD Nigeria Country Office, led by Country Director Ms Dede Ekoue, for translating global development commitments into measurable outcomes for rural communities.
He highlighted the office’s role in strengthening agricultural value chains, empowering youth and women, and improving resilience among smallholder farmers nationwide.
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Expert Tasks FG On Food Imports To Protect Farmers 

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The Federal Government has been urged to balance consumer protection with farmers’ sustainability by ensuring timely food imports, input subsidies expansion and price stabilisation mechanisms to secure investments across the agricultural value chain.
An agriculture expert, Dr Fatai Afolabi, gave the advice at a forum organised by the Plantation Owners’ Forum of Nigeria (POFON), in collaboration with the Oil Palm and Other Oil Seeds Value Chain, themed ‘Current Government Food Strategy, the Concomitant Effects and Implications for Food Security in Nigeria’, and held in Lagos, Wednesday.
Afolabi cautioned that the recent food import policies, while easing consumer prices, could undermine local farmers and long-term food security if not carefully managed.
He noted that Nigeria’s food system was navigating an exceptionally difficult period, marked by inflationary pressures, climate variability, insecurity in major food-producing regions, and rising energy and logistics costs.
He said the Federal Government’s decision to temporarily relax restrictions on selected food imports was understandable, noting that the market had responded swiftly with a reduction in prices of major staples.
However, the convener observed that while the policy had brought much-needed relief to consumers, it posed significant challenges for local farmers and agriculture value chain investors.
“While output prices have fallen, the cost of producing food in Nigeria remains stubbornly high.
“Farmers continue to contend with expensive fertilisers, rising transport costs, costly improved seeds and agrochemicals, limited access to affordable credit, poor electricity supply, weak road infrastructure, and inadequate storage and processing facilities, which result in significant post-harvest losses.
“This situation, where farmers sell produce at declining prices while production costs remain elevated, has created widespread distress across agricultural ecosystems,” he said.
Afolabi said the effects were being felt across all segments of agriculture, with rice farmers among the hardest hit.
He said reports from producing states indicated that about 3,500 rice farmers were considering exiting rice cultivation after incurring estimated losses of over N93 billion.
He added that cassava farmers were selling produce at prices that barely covered harvesting costs, leaving them unable to recover their investments.
According to him, vegetable and edible oil producers are also under pressure as imported vegetable oil brands reduce demand for locally processed alternatives.
He added that cocoa farmers continue to battle price volatility in international markets amid rising domestic labour and maintenance costs.
Afolabi noted that tree crops such as oil palm and cocoa, which require long gestation periods, were particularly vulnerable to sudden market disruptions that undermine investor confidence and discourage new investment.
He said the effects extended downstream to agro-processing and value addition, with soybean farmers supplying vegetable oil processors experiencing reduced demand and lower prices.
He said the development threatened not only farm incomes but also rural employment and agro-industrial growth, raising concerns about national food security.
According to him, sustained losses could force farmers out of production, increasing Nigeria’s dependence on food imports and exposing the country to global supply shocks, foreign exchange pressures and long-term vulnerabilities.
Afolabi cited India and the Netherlands as countries offering useful lessons in balancing consumer protection with farmer sustainability.
He said India deploys food imports strategically during shortages, while complementing them with strong domestic support systems.
He added that the Netherlands, despite being one of the world’s leading agricultural exporters, supports farmers through input subsidies, tax incentives, affordable energy, strong cooperatives, and close integration with research and extension services.
He said agricultural students in both countries also benefit from subsidised tuition, transportation and meals, as well as grants and start-up support for farm enterprises.
“This approach ensures generational continuity and innovation in the agricultural sector,” he said.
Afolabi said Nigeria’s current food import policy could play a stabilising role if complemented by deliberate measures to protect local producers.
He recommended carefully timed imports to avoid peak harvest periods, strengthened price stabilisation mechanisms, aggressive subsidies for critical farm inputs, and support for agro-processors to remain competitive.
He also called for clear communication of policy intentions to reassure farmers that import measures were strategic and temporary.
“Food imports should function as a strategic shock absorber rather than a permanent market feature.
“Government should develop and publish a national crop production and harvest calendar for major staples and align import decisions with documented supply gaps.
“Affordable food and profitable farming are not mutually exclusive goals. With thoughtful coordination and sustained support for farmers, Nigeria can achieve both,” he said.
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