News
Hardship: AfDB Plans $2.7bn Budget, Agric Loans For Nigeria …Approves $134m Fund For Emergency Food Production
The African Development Bank (AfDB) Board of Directors has approved $134million for Nigeria to implement an emergency food production plan, AfDB President Akinwumi Adesina has said.
According to him, talks are also ongoing for a $1.7billion economic and budget support loan as well as the launch of a $1bn agro-industrial processes in 28 states in Nigeria.
Adesina made the disclosures during an interview with journalists in Lagos on Monday.
The development came amid a biting food shortage that has led to hunger protests in Nigerian states and most recently attacks on grain warehouses in Abuja, Ogun, Niger and Kaduna states.
Last year’s fuel subsidy removal and exchange rate unification policy of the government have led to severe hardships with inflation now nearing 30 per cent amid a sharp depreciation of the naira.
Weak consumer purchasing power has affected businesses with the nation recording weak Gross Domestic Growth during the last quarter of the last year.
However, Adesina told journalists in Lagos that AfDB had pledged to support Nigeria through this period, disclosing that a number of agric initiatives should yield about five million metric tons of wheat, rice, cassava, maize this year for the country.
He exuded confidence that the development bank would work with Nigerian government to proffer solutions to the problems confronting Africa’s biggest economy.
He said, “I’m not used to complaining; I’m used to finding solutions. I did tell the President when I can last year that we would strongly support the Nigerian government in finding a solution to the challenges. As I speak to you today, we have approved $134m for Nigeria to implement an emergency food production plan. And that is not something that we are planning to do; it is what we are already doing.
“We have supported the cultivation of 118,000 hectares of wheat in Nigeria already this season. We will do 150, 000 hectares of maize production this march. By the rainy season, in May and June, we will support Nigeria to do 300,000 hectares of rice. We will also do 300,000 hectares of maize, 150,000 hectares of cassava and 50,000 hectares of soybean. So, that means that by the end of March, Nigeria would get out an additional one million metric tons of wheat; and by November, we will have an additional four million metric tons of rice, cassava, maize and soybeans.”
The AfDB chief, however, advised Nigeria to push for more food supply, pointing out that food inflation is a major component of the nation’s inflation figure.
Tackling inflation requires looking at some of the structural drivers, according to him.
“A big part of that (Nigeria’s) inflation is food price inflation. If you look at the Consumer Price Index, probably 65 per cent of it If not even 75 per cent of it now, is actually the price of food. And so, you don’t necessarily deal with food price inflation through your standard macroeconomic policy of tightening monetary supply. You deal with it by producing the food because that’s the thing that needs to be done. So I think it’s very important to be able to deal with that,” he said.
Adesina emphasised the need to enhance food production in the country.
On how the country could boost food production as quickly as possible, Adesina said, “But one thing that I would say is that the government needs to go back to the policy of electronic wallet system. Remember when I was minister, we did design a programme to get seeds and fertilizers to farmers directly via their mobile phones by electronic vouchers. We were able to reach 15 million farmers in four years; the whole place was booming with food. And I think that is what I will advise needs to be done and done very quickly. Because access to high performing yields, high performing seeds and fertilizers and farm inputs is very critical; otherwise you will not be able to do it.”
Nonetheless, the AfDB boss also pointed out the need for Nigeria to get low-interest concessionary financing to overcome its economic challenges.
He said issues around the exchange rate must be dealt with as an import dependent nation.
According to him, the AfDB is planning about $1.7bn economic and budget support loan for the country.
He said, “There needs to be a lot of support around Nigeria, given the tight fiscal space and the lack of forex, to make available a lot more concessional financing to the Nigerian economy. And that’s what we’re doing at African Development Bank. This year we expect to approve with our board because we always go to our board of directors for approval, but our plan is to be able to do $1.67bn of financing to Nigeria in different sectors, including considering a potential policy base operation of budget support to Nigeria. We are discussing with the Minister of Finance; that is part of a $1bn budget support operation that will go into two tranches. Again, I will say it has to be approved by the board, but these are all the things that we are hoping to be able to do.”
He spoke about other agric projects in the country.
Also, the AfDB is planning to launch this year a programme for a $1bn special agro-industrial processes are in 28 states, adding that “It this structural interventions that I will say would make agriculture more productive, efficient, and competitive.
“So those are the things that we are doing in Nigeria. In addition to that, we have a programme that we’ve already implemented, called Special Agro Industrial Processing zones. So these are new economic zones we are supporting Nigeria to develop. We provided $520m for that, ourselves, the African Development Bank, the Islamic Development Bank, and the International Fund for Agricultural, currently working now in eight states. We expect that those things will start hitting the ground and start construction by June of this year,” he added.
News
Fubara Tasks Nigeria’s Surveyor-General On C of O …Says Surveyors’ Role Pivotal In Governance
Rivers State Governor, Sir Siminialayi Fubara, has expressed concern over certain unprofessional practices within the surveying profession, urging practitioners to address issues surrounding the acquisition of Rights of Way and seismic operations in the State.
The governor also raised strong objections to what he described as threats to land ownership and title in the State through the alleged issuance of Federal Certificates of Occupancy by the Office of the Surveyor-General of the Federation and other affiliated federal agencies.
According to him, such actions are contrary to Section 1 of the Land Use Act, Cap L5, Laws of the Federation of Nigeria 2004, which vests all land within a state in the Governor as trustee on behalf of the people.
Fubara made the remarks while speaking as Special Guest at the National Conference of the Association of Private Practicing Surveyors of Nigeria (APPSN), a sub-group of the National Institute of Surveyors (NIS), held at the Obi-Wali Cultural Centre, Port-Harcourt, yesterday.
Represented by the Secretary to the State Government, Dr Benibo Anabraba, the governor also expressed concern over the problem of land grabbing through illegal survey plans and the payment of inadequate compensation to landowners during compulsory land acquisition for oil and gas exploration by licence holders, urging surveyors to uphold professionalism and fairness in their practice.
He said such illegal activities negatively affect the development of the State.
Fubara urged surveyors to promote ethical and sustainable planning practices that protect the environment, including the preservation of green spaces, marine areas, and forest reserves.
He described the role of surveyors as pivotal to the growth, development, peace, and orderly governance of any society.
According to him, the services of surveyors are critical to physical and urban planning, housing development, land administration, and the provision of infrastructure.
He stressed that surveyors play indispensable roles in land use and management, infrastructure provision, environmental management, and conflict resolution, noting that their presence in government ministries, departments, and agencies ensures adherence to best practices.
“The role of surveyors in governance is pivotal to the growth, development, peace, and order of society, particularly in land administration, infrastructure development, environmental management, and conflict resolution,” the governor said.
He noted that the conference theme, “Mapping the Future: The Vital Roles of Surveyors in the Nigerian Oil and Gas Industry,” was particularly significant to Rivers State, given its position as the hydrocarbon heartbeat of the nation.
The President of the Nigerian Institution of Surveyors (NIS), Surv. Pius Eze, urged all participants to optimize the opportunity provided by the conference for professional upgrading and networking, adding that the conference displays consistency of vision and dedication to the welfare of private practitioners.
The National Chairman of APPSN, Surv. Simepiriye Kalio, thanked leaders and members of the association for their sacrifices to achieving the successes recorded.
The Chairman of APPSN, Rivers State chapter, Surv. Andy Nwikinane, said that the association was working with relevant stakeholders to prevent the infiltration of quacks in the profession.
News
African Leaders Should Be Under 50 -Jonathan
Former President Goodluck Jonathan has called for a generational shift in African leadership, urging countries across the continent to deliberately promote younger leaders between the ages of 25 and 50.
According to him, younger leaders are more physically and mentally equipped for the rigours of modern governance.
Jonathan made the call in Abuja, yesterday, at the International Memorial Lecture and Leadership Conference marking the 50th anniversary of the assassination of former Head of State, General Murtala Ramat Muhammed.
Reflecting on the demands of leadership, the former president recalled that while in office, he sometimes had no more than two hours of sleep in 24 hours, stressing that advanced age can limit the capacity to cope with the pressures of governance.
“Why do we begin to think that you must be a hundred years old before you can rule your country?” Jonathan asked.
He noted that leadership requires unusual stamina and resilience, arguing that younger leaders are better positioned to withstand the pressure.
“If they need to stay awake for 24 hours, they can stay awake for 24 hours. When I was in office, some days I did not sleep up to two hours. If you subject an older person to that kind of stress, the person will spend 50 per cent of the time in hospital,” he said.
Jonathan aligned his position with the spirit of Nigeria’s “Not Too Young To Run” movement, which seeks to lower age barriers for elective offices and encourage youth participation in politics.
“I have to reinforce the Not Too Young To Run movement. We have to bring some of these age limits down. If we are looking for people who can run nations in Africa, we should look within the 25 to 50 age bracket. That is when you can be very vibrant, physically strong and mentally sound,” he said.
He also questioned the practice of some public office holders spending extended periods outside their states or countries.
“In a country like the United States, some governors do not leave their states for four years. But here, some of our governors spend 50 per cent of their time outside. So who runs the state? Why will we not have security problems? Coming of age must transcend many things. First and foremost, we must have the discipline to manage ourselves,” he added.
Reflecting on the legacy of General Murtala Muhammed, Jonathan said the late leader demonstrated that age was not a barrier to decisive and visionary leadership. Muhammed became Head of State at 38 and, despite ruling for only 200 days, left a lasting impact.
“General Murtala Muhammed assumed office at the very young age of 38. Despite a tenure of only 200 days, his achievements were profound because he was driven by a clear, unyielding vision.
“His leadership sent a clear message: leadership was to serve the national interest, not personal ambition,” Jonathan said.
The former president also referenced other Nigerian leaders who assumed office at relatively young ages, including General Yakubu Gowon, who became Head of State at 32 and later introduced the National Youth Service Corps, which remains in existence to this day.
“Young man of 32 managed to pull the country through the civil war. So why do we now think leadership must only come at old age?” he asked.
However, Jonathan cautioned that youth alone is insufficient without discipline, patriotism and strong institutions.
While praising Muhammad’s decisiveness, he stressed that democracy depends more on institutions than on individuals.
“Democracy requires vision rather than decree. It requires persuasion instead of command. It depends on institutions, not individuals. Above all, it requires respect for the rule of law and the willingness to submit power to the will of the people,” he said.
He urged African leaders to view governance as stewardship rather than entitlement and encouraged young people to see leadership as service.
“Young people must see leadership as service, not entitlement. Leaders must see governance as stewardship, not a right,” he said.
“I sometimes remember when I contested as a deputy governorship candidate. You had to be 40 years old before you could even be a senator, a deputy governor or a governor, not to talk about president. Yet the Head of State we are celebrating today assumed office at 38,” he added.
Calling on Nigerians and Africans to draw lessons from history, Jonathan said leadership should be measured by impact rather than duration in office.
“As we mark 50 years of General Murtala Muhammed’s legacy, let us remember that leadership is not measured by how long you govern; it is measured by the courage to act decisively when the nation needs direction and by the impact you make on society,” he said.
He emphasised that while military leaders govern by command and authority, democracy demands a different approach anchored on strong institutions, credible electoral bodies, an independent judiciary, well-trained security agencies and accountable governance systems.
“While General Murtala Muhammed symbolised decisive leadership, our democratic future depends on strong institutions. Democracy requires vision rather than decree. It requires persuasion instead of command. It depends on institutions, not individuals. Democracy also demands restraint and respect for the rule of law,” Jonathan said.
News
Police Bust Kidnapping Syndicate In PH
The Rivers State Police Command has confirmed the arrest of two men linked to a criminal syndicate that lured, kidnapped, and robbed women working as “run girls” in Port Harcourt hotels.
The suspects, 27-year-old Albert Koko-Ete Hanson and 18-year-old Wisdom Okon from Abak Local Government Area of Akwa Ibom State, were apprehended after victims reported the crimes to hotel security.
One of the victims, simply identified as Faith, told the police that she was invited to a hotel under the pretense of a client request and was led to a two-bedroom apartment where the suspects were staying.
She said the suspects showed her a photograph of another woman, whom they claimed was owing them N5 million, and demanded her phone password to access her bank account. Her phone was seized, though she had no money in her account.
Faith also alleged that another female victim had already been tied and blindfolded in a bathroom, and both were later stripped and sexually assaulted, with threats of organ harvesting reportedly made by the suspects.
It was learnt that a third victim alerted friends in the hotel via text message while the suspects tried to access her bank app. The quick action of the hotel security team led to the rescue of all the three victims.
The prime suspect, Albert Koko-Ete, reportedly confessed to the crimes and revealed that he had been operating the syndicate for six years, earning over N18 million naira.
Rivers State Police Public Relations Officer, CSP Grace Iringe-Koko, warned young women against engaging in prostitution, citing the high risks involved.
Iringe-Koko advised women to acquire skills and seek legitimate means of income, revealing that the syndicate specifically targeted women with high-end devices such as iPhone 15 and above.
The Police confirmed that the suspects’ method involved identifying women they could abduct to extort money from them or their relatives.
The Police said the suspects remain in custody and will be arraigned in court once investigations are complete.
The Command reiterated its commitment to protecting citizens and dismantling criminal networks preying on vulnerable individuals.
King Onunwor
-
Sports4 days agoArsenal Women End Man City’s Invincibility
-
Sports4 days agoU-20 WWC: Falconets claim qualifier win
-
Sports4 days agoInsurance Deepen Enyimba’s Trouble
-
Sports4 days agoYouth Olympics preparation Gears up
-
Sports4 days agoCologne Youth Team Set Crowd Record
-
Sports4 days agoTornadoes Set For NPFL exit over Stadium Ban
-
Sports4 days agoBarca Pull Out Of Super League Project
-
Sports4 days agoPalmer Stars As Chelsea Compound Wolves Woes
