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PDP, Experts Condemn Buhari’s Ban On Food Import …Say It’s Plot To Punish Nigerians
The Soil Science Society of Nigeria (SSSN) says Federal Government’s outright banning of food importation will lead to inflation and further impoverish the masses.
The President of the society, Prof. Bashir Raji, said this while reacting to the recent pronouncement of President Muhammadu Buhari, that Central Bank of Nigeria (CBN) should not give “a cent’’ to importation of food.
In a telephone interview with newsmen, yesterday, he described the move as “a right policy, right timing but wrong approach.’’
It would be recalled that Buhari had, last Tuesday, in Daura, Katsina State, directed the CBN to stop providing foreign exchange for importation of food into the country with the steady improvement in agricultural production and attainment of full food security.
He said the foreign reserve would be conserved and utilised strictly for diversification of the economy, and not for encouraging more dependence on foreign food import bills.
The country had achieved food security, and for physical security, “we are not doing badly,’’ the President had said.
But Raji, who emphasised that the policy would be good if properly articulated, however, advised that the president should put into consideration the nation’s food production as well as consumption.
The don specifically noted that the country required about eight million tonnes of rice annually, adding that “currently, the country is producing just about 3.7million tones.’’
Raji decried that the country was not meeting up to 50 per cent of its needs.
“With the outright ban, there is no way the country can meet up with the required 50 per cent in one year,’’ he said.
He suggested that the Federal Government embark on the ban gradually over the next five years putting in place incentives and measurable targets to ensure that the 50 per cent shortfall was met during the period.
“But now the way was going, definitely there will be a lot of inflation, there will be high prices and considering the economy at the moment a lot of people will suffer.
“The president must have been fed the impression that because of the drop in the importation of rice through our ports, the rice we consumed in this country is produce locally which is not true.
“There is a lot of increase in the production of rice locally but there has been increasing smuggling from neighbouring countries which eventually ends up in Nigeria to complement what is produce locally.
“The policy if properly articulated will be beneficial on the long run but is quite clear that we still rely a lot on importation of food and outright banning is likely to bring about inflation.
“It will also bring about pressure on the black or parallel foreign exchange market and high cost of food, especially rice.
“We don’t import yam, we don’t import cassava, beans and we don’t actually import most of our staple food; the ones we import are basically rice maybe wheat, milk, sugar and some of the exotic foods.
“Unless we can produce one and a half times what we required, it will not be a good decision to ban outright importation of food, especially now that a lot of people are suffering economically,” Raji said.
The SSSN president decried that a lot of populace were currently not eating local rice as it ought to be due to series of complaints. He however advised the Federal Government to give incentives in terms of free seeds of the varieties to enable people to eat locally produced rice.
Raji urged the government to consider issues regarding production and processing by buying some of these medium scale processing mills and giving them to cooperative farmers at 50 per cent discount.
“Government should give incentives in terms of input and processing so that the rice can meet the standard required by the people.
“Such incentives will go a long way in assisting the country to meet the required target of rice production and consumption in the next five years before banning importation,” he said.
Raji pledged the readiness of the society to work with the Federal Government to ensure that land degradation and climate change mitigation safeguards were put in place following the envisaged massive farming activities the policy might generate.
In the same token, the Peoples Democratic Party (PDP), yesterday, described President Muhammadu Buhari’s directive to the Central Bank of Nigeria (CBN), not to release forex for the purpose of food importation as a move by the Presidency and the All Progressives Congress to punished and further impoverish Nigerians.
The PDP said the directive would worsen food scarcity, “exacerbate the already harsh economic situation and the general depression, frustration, resentment and despair in our country under President Buhari’s watch.”
In a statement issued by party’s spokesperson, Kola Ologbondiyan, yesterday, the PDP said rather than formulating and implementing policies to make life suitable for Nigerians; the APC-led government is taking pleasure in inflicting more pains to its citizens.
The statement read: “It is indeed appalling that instead of bringing solutions to the depreciating living conditions in our nation, President Buhari is rather imposing more suffering by ordering the removal of subsidy on food even when it is manifestly clear that he had failed on all fronts to achieve any level of food security despite the huge resources available to his administration.
“The party says by the directive, the Buhari-led Presidency and the APC have again demonstrated their insensitivity towards millions of Nigerians who are already suffering from acute hunger and starvation due to severe food shortage and high prices brought by President Buhari’s misrule.
“The PDP states strongly that Nigerians do not, in any way, deserve such suffering being foisted on them by such directive on food.
‘Such situation will only breed further despondency among our citizens, heighten our security challenges and put more pressure on compatriots, many of who, in the face of suffering occasioned by APC misrule, are resorting to suicide and slavery mission as options.”
The party counselled that instead of removing subsidy on food and putting more suffering on Nigerians, President Buhari should cut the “billions of naira being wasted on luxuries in his Presidency and free the funds for the welfare of the masses.
“Furthermore, the PDP urges President Buhari to recover the over N14 trillion siphoned by APC interests under his administration including the stolen N9 trillion detailed in the leaked NNPC memo and channel the resources towards food security for Nigerians.
“The PDP states that it is a complete disservice to Nigerians for the government to place restrictive directives on food for the masses, while interests condoned by the same administration are frittering our common patrimony.
“The PDP wants to believe that while Mr. President enjoys the comfort, luxury, sufficiency and safety of the government house, he is barely aware of the sufferings of Nigerians.”
Also reacting, a Nigerian knowledge institution, Centre for Social Justice (CSJ), called on President Muhammadu Buhari to rescind his directive to the Central Bank of Nigerian (CBN), to stop issuing forex for food importation into Nigeria, warning that such restriction would increase the rate of suffering among majority of Nigerians.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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