Agriculture
Inflation Drops To 11.9% On Moderating Food Prices
The National Bureau of Statistics (NBS) has said that the composite consumers price index CPI which measured inflation rate in the country fell to 11.9 per cent year-on-year as at February from the 12.6 per cent recorded in January.
The NBS which disclosed this recently in its CPI report for February said the current inflation rate was 0.7 per cent points lower than the figure attained in January.
The bureau attributed the slide in general prices of goods and services to a relative moderation in food prices, cost of transportation as compared to their prices as at January.
He said the partial removal of subsidy on petrol had pushed inflation rate in January and that the inflation rate would also determine the decision of the monetary policy committee (MPC).
The NBS explained that “the increase in hardline index composed of food indices was due to the partial petrol subsidy removal that pushed up prices of many food and non-food items including transport fare”.
The cost of transportation of food to markets which is merely a part of the transportation category in the CPI also increased and thus revealed the impact of the partial removal of subsidy on food prices.
However, the month-on-month charges of 0-3 per cent indicates a relative shift in price increases between January and February of this year as prices have been fully incorporated into producer costs.
Seasonal adjustments have also occurred as prices in the urban areas declined in February after higher spending in December which pushed food prices higher during that period.
Agriculture
FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
Agriculture
Niger Allocates 10,000 Hectares For Smallholder Farmers
The Niger State Government has mapped out 10,000 hectares of farmland in Gbapo Community of Katcha Local Government Area of the State for smallholder farmers to benefit from the state government’s agricultural intervention programme.
Two thousand out of the 10,000 holders of the farmlands have already received inputs.
At a flag-off ceremony in Yinti Village, the facilitator of the programme, Shinkafan Nupe, Malam Idris Usman Makanta, assured the farmers of increased distributions to the mapped-out ten thousand (10,000) farmlands if farmers respond positively.
He explained that the commencement of the two thousand is to measure the positive response of farmers before obtaining full-scale support.
Malam Makanta stated that this initiative aligns with the farmers’ initial commitment through Niger Foods, whose mission is primarily geared towards establishing efficient and profitable agricultural businesses to support the present administration of Governor Mohammed Umaru Bago’s quest to boost agricultural productivity in the state.
He also commended Niger Foods for their steadfastness and resilience in the effective implementation of the input financing scheme.
Makanta reiterated the commitment of the State Governor in making judicious use of the arable land in the state.
Shinkafan Nupe, therefore, urged the farmers to support the Governor by using the inputs wisely so that the dream can be actualised.
Agriculture
GO-CARES: Gombe Empowers 573,429 Farmers, Entrepreneurs
The Gombe State Government has empowered a total of 573,429 farmers and entrepreneurs under the 4th phase of the GO-CARES programme.
The programme was officially flagged off by Governor Inuwa Yahaya in another major step towards alleviating poverty and supporting the state’s vulnerable populations.
The Governor, while inaugurating the disbursement in Akko Community of Akko Local Government Area, restated his administration’s commitment to the welfare of vulnerable citizens in the state.
He was represented by the Commissioner for Budget and Economic Planning, Salihu Baba Alkali, who is also the Chairman of the Steering Committee on GO- CARES implementation.
“The 4th phase of GO-CARES will directly and indirectly impact a total of 573,429 citizens across the state. Of these, 152,429 individuals will benefit directly through cash transfers, livelihood grants, agricultural inputs, and operational grants to small businesses”, he stated.
The Governor added that, “421,000 people will be indirect beneficiaries through infrastructural projects such as classroom blocks, healthcare facilities, WASH services, and rural infrastructure projects like culverts and drainages”.
Yahaya, reaffirmed his commitment to ensuring that the state’s most vulnerable citizens are not left behind in the state’s development.
According to him, “Earlier this year, on June 25, 2024, we flagged off the distribution of improved seedlings, fertilizers, and herbicides to less privileged farmers in Malam Sidi, Kwami Local Government Area, signaling the commencement of the 4th phase implementation of GO-CARES under Result Area 2”.
The Governor reiterated that these initiatives have had a significant impact on the livelihoods of beneficiaries and the overall agricultural sector.
He explained that, “Today’s ceremony marked the simultaneous launch of activities under all three GO-CARES Result Areas for the 4th phase. These areas include: State Cash Transfer Grants: 2,500 direct beneficiaries; Labour Intensive Public Works: 2,700 direct beneficiaries; Livelihood Grants: 10,000 direct beneficiaries; and Basic Services: 405,000 indirect beneficiaries”.
-
Opinion4 days ago
Adult Delinquency In Public Space
-
News4 days ago
EFCC Arrests 33 Suspected Internet Fraudsters In PH
-
News4 days ago
Osoba Urges More Investment In Investigative Journalism
-
Politics4 days ago
Constitution Review: Atiku Proposes Rotational Presidency
-
Agriculture4 days ago
Beans, Egg, Bread, Others Defy Price Reduction As Tomatoes, Yam Prices Reduce
-
Rivers4 days ago
Monarch Brokers Peace Among Warring Factions In Usomini Clan
-
News4 days ago
Activist Tasks Civil Servants, Rivers People On Support For Fubara
-
Politics4 days ago
How Senators Shot Down Bill For Private Investigators In Nigeria