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Sanwo-Olu tasks agro-food coys to reduce food prices

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Gov. Babajide Sanwo-Olu of Lagos State has called on agro-food companies to collaborate with the government in bringing down the cost of food in the state.

He made the call while receiving the senior management team of Olam Agri Nigeria Ltd., led by the Managing Director, Mr Anil Nair, who were on a courtesy visit to the Lagos State House Marina, yesterday.

“There is no better security these days than food. Today being the first day of August, you can see in the streets in Nigeria there’s some sort of hunger protest.

“How I wish that you and I after this meeting will make a broadcast that food prices have gone down by 25 per cent, it will be great news for both of us.

“That speaks to the reason why we chose you to listen and hear and be able to work together. You are in a strategic position and you have that structure and that capacity,” he said.

The governor said that Olam remained a strategic brand that had caused great turnaround in Lagos State.

He recalled his days as a banker in the  banking sector, saying that Olam was an account that everybody usually wanted to have.

Sanwo-Olu said everyone wanted Olam’s account for the simple reason that they are fast growing, aggressive and are in an industry that had cheques to deposit on a daily basis.

“It wasn’t a company where you need to wait 90 days or 100 days for their cheques. Bankers would hang around their offices, and as the sales were going on, they were just picking the cheques.

“So for us, as government, we watch that growth. I know you must have gone through your challenges along the line either government policies that have somersaulted or some of your good plans but you stayed the course,” Sanwo-Olu said.

He urged the brand to consider its longstanding relationship with the state and forge partnership with the state by looking beyond the current economic situation and leveraging it.

“We’re also happy that half of your entire workforce are in Lagos. These are all indicators that you are here for the long haul.

“Beyond that, I urge you to look at the market, to look at the industry as a critical industry; food security, food systems is as critical as people trying to safeguard either their medical security or even sovereign security in terms of war.

“I believe part of the things that you owe the state and the people that have also been loyal to your products is to consider what level of giveback you are making consciously.

“I don’t want to use the word, “Corporate Social Responsibility” but what level of slow down in shareholder appreciation are you going to throw back into the system,” he said.

Sanwo-Olu called for a sustainable partnership, saying: “At a difficult time like this, it shouldn’t be only government reducing cost or that is attempting to have a corner store in the market to buy and sell at reduced prices.

“You must be able to tell your shareholders that you’ve been in this environment for such a long time today that it should not be about profit-making.

“You should be willing to say let’s even go into this market and just cover our cost, let’s pass on, let the people feel our critical support.

“If we go by our Return on Investment, we should be selling this thing at N5000 but because we are committed and we have also made decent returns in this environment, we are able to say we will sell lower,” he said.

The governor said the longevity of the brand was essential than immediate gratification.

He added that this was the type of partnership that the country and state needed to keep at this period.

“Because of what essence will it be if we cannot guarantee that Olam will be here in the next 15 years?

“I want you to take this message back. The private sector needs to know that there are times when it does not have to be about value to the shareholders.

“Because of the food security that we seek, because of the logistics nightmare that is happening everywhere, and because of the economic challenges that are everywhere. Let us be able to say to our citizens and customers at difficult times, we still want you to see us as partners not as mere people.

“If that’s all you take away from here, I’d be a happier person,” Sanwo-Olu said.

He called on shareholders and stakeholders to be more deliberate and focus on giving back to the society.

“I want us all to see ourselves as stakeholders in this environment. It’s not us versus them, we are all joint stakeholders.

“We have a responsibility to ensure that nothing happens to any of your facilities and warehouses because we know the consequences.

“We need to slow down on shareholders’ return, we need to be alive for us to be be able to earn that dividend,” Sanwo-Olu said.

The governor further said that economic indices never lasted forever, adding that government and its partners needed to know what their roles are in the area of food security.

He urged the Olam executives to partner with government in pushing resources and investment into the food sector deliberately.

“We need to be alive today to be able to make profit tomorrow,” he said.

Nair commended the Sanwo-Olu-led administration for its commitment towards empowering its citizens and catering for residents’ needs.

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May Day: Labour Seeks Inclusiveness In Policy-making 

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The Organised Labour yesterday, called on the Federal Government to ensure inclusiveness in policy making and guide against erosion of rights, such as free speech and association.

The President, Nigeria Labour Congress (NLC), Mr Joe Ajaero made the call at the 2025 Workers’ Day celebration held at the Eagle’s Square, Abuja.

The Tide source reports Ajaero and the President, Trade Union Congress, Mr Festus Osifo delivered a joint statement on behalf of the organised labour at the event.

Ajaero described May Day as, not only a moment to honour workers’ sacrifices, but also a platform to demand justice and accountability from those in public office.

He frowned at the alleged suppression of protests, and the erosion of rights  of workers by some agents

According to him, workers have a duty to resist economic injustice, insecurity, and policies that undermine their dignity.

Speaking on the theme of the day, the NLC President underscored the need for Nigerian workers to reclaim the civic space and resist policies that contribute to worsening economic conditions.

“Our theme this year – “Reclaiming the Civic Space in the midst of Economic Hardship – reflects the urgent need for citizens to protect democracy and push back against repression.

“The civic space, where Nigerians express their concerns and challenge injustices is shrinking.

“If we fail to reclaim this space, the foundation of our democracy risks collapse,” he said

Ajaero, therefore,  urged workers to unite and resist division, fear, and despair.

He also urged them to mobilise and organise for change, declaring that the right to  demand better conditions is non-negotiable.

“Without workers, there is no society; without labour, there is no development. We must take our place in the fight for economic justice and democratic governance.”

Speaking in the same veins, Osifo said workers are the backbone of the nation—the educators, healthcare providers, builders, farmers, and innovators who sustain its economy -.

He stressed the need for the labour to reclaim the civic space even in the midst of economic hardship.

 

 

 

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2025 UTME: JAMB Disowns Site Requesting Payment From Candidates

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The Joint Admissions and Matriculation Board (JAMB) has disassociated itself from a fraudulent site requesting payments from candidates who missed the ongoing 2025 Unified Tertiary Matriculation Examination (UTME).

The board said that the site, “Copyrightwriter Personal J Rescheduling Flw” and account number 8520641017 at Sterling Bank, associated with it, are scam.

The disclaimer is contained in a statement made available to newsmen in Abuja on Thursday by the Board’s Public Communication Advisor, Dr Fabian Benjamin.

Benjamin said the account is being exploited to defraud unsuspecting candidates who missed their UTME.

“We issue this urgent notice to inform the public about this nefarious scheme targeting candidates who were unable to participate in the UTME.

“Some unscrupulous individuals are deceitfully soliciting payments of N15,700 under the false pretence of offering rescheduling services for the examination.

“Let us be unequivocal: this, it is a blatant scam, and we are confident that the public will not fall prey to such cheap and regressive tactics.

” The individuals behind this scam have no affiliation with JAMB or any legitimate government agency.

“The account details provided in these communications are entirely fictitious and bear no connection to any official processes; they exist solely for the purpose of perpetrating fraud,” he said.

Benjamin called on Sterling bank to take immediate and decisive action against this criminal activity.

According to him, JAMB has reported the matter to the relevant security agencies and actively pursuing those responsible for this deceitful act.

He further said that “JAMB does not reschedule examinations for candidates who miss their scheduled tests due to reasons unrelated to the Board’s actions”.

He, however, said that the Board is conducting a thorough investigation for candidates whose biometrics failed during verification and were thus unable to sit for the examination.

He said those without discrepancies would be invited to retake the examination at no cost , stressing that “no cost is required”

“It is imperative to understand that JAMB does not charge any fees for examinations after a candidate has completed their registration.

“We strongly urge all candidates to remain vigilant and not to succumb to these fraudulent schemes.

“Protect yourselves and report any suspicious activity immediately,” he explained.

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NDDC Seeks UN’s Support To Accelerate Niger Delta Development

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The Niger Delta Development Commission (NDDC) has expressed its willingness to partner with the United Nations (UN) to accelerate the development of the Niger Delta region.

Dr Samual Ogbuku, Managing Director of the NDDC, made the appeal in a statement issued by the commission’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama, in Port Harcourt on yesterday.

According to the statement, Ogbuku sought the UN’s support during his visit to the UN Resident and Humanitarian Coordinator (UNRHC), Mr Mohammed Fall, at the UN regional office in Abuja.

He called on the global body to provide the NDDC with technical assistance and expert services to support the region’s development.

“We are eager to collaborate with the UN, recognising that the state governments in the region and the NDDC alone cannot achieve the level of regional development required,” he said.

Ogbuku identified key areas where support would be needed, including the provision of portable and affordable drinking water powered by high-tech solar energy sources.

He also highlighted the importance of reforesting the mangrove swamps, which have been severely damaged by decades of environmental degradation caused by oil exploration in the Niger Delta.

“Although the NDDC has made progress in providing solar-powered streetlights across the region, we still require UN support in delivering solar energy solutions for residential buildings.

“We also wish to explore the possibility of installing solar mini-grids in homes across communities, which would boost local commerce and trade,” he added.

The NDDC managing director further appealed for increased UN involvement in areas such as healthcare, education, youth training, gender development, and food security.

Ogunku stated that such interventions would significantly enhance the standard of living in the region.

In response, Fall affirmed the UN’s readiness to collaborate with the NDDC to fast track development in the Niger Delta.

He assured that the UN would support initiatives in food security, job creation, education, and renewable energy, among other areas.

“We aim to approach development in the Niger Delta holistically, rather than focusing solely on environmental pollution.

“This is merely an entry point; however, the UN’s development vision aligns with the Sustainable Development Goals (SDGs), which are designed to positively impact various aspects of people’s lives,” Fall stated.

He assured the NDDC of continued and fruitful engagements to drive the region’s development.

 

 

 

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