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PDP, Experts Condemn Buhari’s Ban On Food Import …Say It’s Plot To Punish Nigerians

Published

6 years ago

August 16, 2019

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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INEC To Unveil New Party Registration Portal As Applications Hit 129

Published

3 days ago

July 11, 2025

The Tide

The Independent National Electoral Commission (INEC) has announced that it has now received a total of 129 applications from associations seeking registration as political parties.

The update was provided during the commission’s regular weekly meeting held in Abuja, yesterday.

According to a statement signed by the National Commissioner and Chairman of the Information and Voter Education Committee, Sam Olumekun, seven new applications were submitted within the past week, adding to the previous number.

“At its regular weekly meeting held today, Thursday 10th July 2025, the commission received a further update on additional requests from associations seeking registration as political parties.

“Since last week, seven more applications have been received, bringing the total number so far to 129. All the requests are being processed,” the commission stated.

The commission revealed the introduction of a new digital platform for political party registration. The platform is part of the Party Financial Reporting and Auditing System and aims to streamline the registration process.

Olumekun disclosed that final testing of the portal would be completed within the next week.

“INEC also plans to release comprehensive guidelines to help associations file their applications using the new system.

“Unlike the manual method used in previous registration, the Commission is introducing a political party registration portal, which is a module in our Party Financial Reporting and Auditing System.

“This will make the process faster and seamless. In the next week, the commission will conclude the final testing of the portal before deployment.

“Thereafter, the next step for associations that meet the requirements to proceed to the application stage will be announced. The commission will also issue guidelines to facilitate the filing of applications using the PFRAS,” the statement added.

In the meantime, the list of new associations that have submitted applications has been made available to the public on INEC’s website and other official platforms.

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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business

Published

2 weeks ago

June 27, 2025

The Tide

President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

The ceremony took place at the Presidential Villa, yesterday.

The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.

Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.

Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”

Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”

He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.

According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.

The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.

However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.

At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.

They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.

After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.

By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.

In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.

“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.

He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.

The President added, “We are not just signing tax bills but rewriting the social contract.

“We are not there yet, but we are firmly on the road.”

Featured

Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing

Published

2 weeks ago

June 27, 2025

The Tide

The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.