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We’ll Wrestle Food Inflation From Next Year, Buhari Boasts

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President Muhammadu Buhari, yesterday, assured that the government would work hard towards ensuring that the country has enough food to feed its citizenry.

To that effect, the President said that the administration will keep a keen eye on food inflation in the New Year and reiterated his initial directive to the Central Bank of Nigeria (CBN), not to give any money for food importation.

Buhari stated this at the fifth regular meeting with the Presidential Economic Advisory Council held at the Presidential Villa, Abuja, yesterday.

For the umpteenth time, he directed that the CBN “must not give money to import food. Already about seven states are producing all the rice we need. We must eat what we produce.”

In taking note of the strides made in agricultural production following the program of diversification from over reliance on oil instituted by his administration, Buhari wondered where the country would have found itself by now in view of the devastating economic crisis brought about by Covid-19 if the country had not embraced agriculture.

Buhari, in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu said, “Going back to the land is the way out. We depend on petrol at the expense of agriculture. Now the oil industry is in turmoil. We are being squeezed to produce at 1.5 million barrels a day as against a capacity to produce 2.3 million.

“At the same time, the technical cost of our production per barrel is high, compared to the Middle East production.”

He emphasized the place of agriculture in the efforts to restore the economy but agreed that measures must be put in place to curtail inflation in the country.

He said, “We will continue to encourage our people to go back to the land. Our elite is indoctrinated in the idea that we are rich in oil, leaving the land for the city for oil riches. We are back to the land now. We must not lose the opportunity to make life easier for our people. Imagine what would have happened if we didn’t encourage agriculture and closed the borders. We would have been in trouble.”

The meeting, which was for a review of, and reflections on the global and domestic economy in the outgoing year, was attended by Vice President Yemi Osinbajo, as well as Ministers of Finance and Humanitarian Affairs and agreed on a number of measures.

The statement further said, “In specific terms, it noted the sharp deterioration in international economic environment and its impact on Nigeria’s continuing but fragile economic recovery; that Nigeria’s economic growth continues to be constrained by obvious challenges including infrastructural deficiencies and limited resources for government financing.

“It emphasized the need to make the private sector of the economy the primary source of investment, rather than government.

“The meeting reviewed progress towards structural reforms in response to the economic crises, including the institution of the Economic Sustainability Plan, the changes in electricity tariff and fuel pricing regime, the partial re-opening of the Land Borders, the movement towards unification of exchange rates and budgetary reforms through Finance Bill 2020 and 2021.

“It agreed that, to prepare the country for the challenges ahead, it is imperative to ensure Macro-economic stability, create certainty and re-build investor confidence in the economy.”

It emphasized the need to deepen structural reforms initiated by the administration as a basis for stimulating investments from domestic and international sources with a view to raising productivity in key sectors of the economy.”

 

 

 

 

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Group Applauds MOSOP Over Stance On Oil Production In Ogoniland

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The Coalition of Supporters of Democracy and Good Governance, has commended the Movement for the Survival of Ogoni People(MOSOP) for maintaining its stance on not allowing the resumption of oil and gas production in Ogoniland in Rivers State, and applauded the President of the body, Prof Wai Anda Ogosu for his rigid and uncompromising position on the matter despite deluge of pressures from different quarters.
The group, which made the commendation in a statement issued in Port Harcourt and signed by its Coordinator and leader, Comrade Gashon Bob Achor, said MOSOP under the leadership of Prof Ogosu has continued to show the Ogoni people a sense of purpose and direction.
According to the group, the insistence by the MOSOP President that there would be no resumption of oil and gas production in Ogoniland until the complete clean-up of the polluted environment is highly commendable.
Achor also noted that the demand for the exoneration of the slain Ogoni 9, including renowned environmentalist, Kenule Saro-Wiwa is a right step in the right direction, which is supposed to be acceded to and granted by the Federal Government.
This, when granted, he said is capable of bringing the Ogoni people back to the discussion table for the resumption of oil and gas production in the area.
The leader of the group, therefore, called on the Ogoni people to take advantage of the quality leadership Prof Ogosu is providing to unite against those he described as environmental polluters and political buccaneers who do not have the interest of the people at heart.
Achor also indicated that the MOSOP President, who is a Professor of Environment has always advocated against further degradation of the Ogoni environment and that of the Niger Delta, and enjoined the people to continue to support and rally round him.
He said Prof Ogosu has always called on political gladiators in Rivers State to sheathe their swords in order to pave way for the development of the State, and commended him for his conciliatory and peaceful disposition.

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Elder Statesman Tasks Abah Ogwuile House On Unity, Peace

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Descendants of Abah Ogwuile Royal Lineage of Obolo in Andoni Local Government Area of Rivers State have been urged to be vanguards of peace in the local government area and the entire Obolo nation.
Newly elected President of Abah Ogwuile Royal Lineage, a socio-cultural organisation in Andoni Local Government Area, Sir Clifford Njah said this shortly after his election as the new president of the lineage.
He said it beholves on them to preach peace and unity in the Obolo nation as without peace there cannot be development.
According to him,all hands must be on deck to take the lineage to an enviable height, noting that unity is needed if the lineage and Obolo nation must move forward.
He also promised an inclusive leadership as far as the lineage is concerned.
Among those elected are Sir Clifford Njah, President; and Apostle Fyneface Ayayi,  Vice President.
The rest are Hon  Mbaba Charles Mbaba,  Secretary; Chief John A Nteogwuile, Treasurer; and Chief Enereujama Cletus Nkpan  Akong, Publicity Secretary.

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Police Uncover Fake Sachet Water Company In Lagos

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The Lagos State Police Command has busted a fake sachet water-producing company at Oluwole Market in the Apapa area of the state.
The suspects were said to be fraudulently using another company’s brand name to sell their products.
The state Police Public Relations Officer, Benjamin Hundeyin, who disclosed this in a post on his X.com handle said the perpetrators also duplicated the NAFDAC number of the company.
Hundeyin noted that their activities were discovered after a tip-off by residents in the community.
Health 360: Cholera0:00 / 0:00
He wrote, “Thank you, Lagosians, for giving us information and safeguarding the health of others.
“These suspects fraudulently used the brand name and NAFDAC number of another sachet water producing company to produce their sachet water inside Oluwole Market, Apapa.”
In the video attached to the post, one of the suspects caught on duty was seen conducting a team of policemen around the facility where they operated.
The suspect also showed them some of the bags of sachet water stored in the refrigerator, opening about three while the officers inspected.
A heap of other bags of sachet water was also seen stored in a separate room in the facility in the video. The suspect went further to operate the machine used in producing them on the instructions of the officers present.

Meanwhile, Hundeyin who spoke to PUNCH Metro on Monday about the discovery said the security operatives invaded the company on Friday, July 19.

According to him, only one worker was found in the building while the owner of the facility absconded.

“The facility was raided on July 9 and only was suspect was arrested in the process. The owner is now at large and efforts are ongoing to apprehend him. The suspect is in our custody and helping with investigations.”

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