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HOW PRESIDENT BUHARI IS TACKLING FOOD INFLATION IN THE COUNTRY

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HOW PRESIDENT BUHARI IS TACKLING FOOD INFLATION IN THE COUNTRY

President Muhammadu Buhari has expressed the concern of his administration about the sudden spiral of food prices, at a time when the economy is already mired in a slowdown occasioned by the global coronavirus situation.

The President assures Nigerians that the situation is transient. His administration has already begun looking and putting in place measures to ameliorate the situation.

While Providence has been kind to us with the rains and as such an expectation that a bumper harvest would lead to crashing of food prices and ease the burdens on the population, government’s concern is that the exploitative market behaviour by actors has significantly increased among traders in the past few years and may make any such relief a short lived one.

This year has indeed tested us in ways that globalization has never been tested since the turn of the century. These challenges have disrupted lives and supply chains all over the world, and Nigeria has not been spared.

The effect has been deeply felt in the delays encountered in procurement of raw materials for local production of fertilizer (damaging standing crops before harvest) and the speculative activities by a number of rice processors who are ready to pay for paddy at any price to keep their mills running non-stop.

But of all these problems, the most worrisome are the activities of “corrupt” middlemen (with many of them discovered to be foreigners) and other food traders who serve as the link between farmers and consumers found to be systematically creating an artificial scarcity so that they can sell at higher prices.

In dealing with these problems, the administration has, in line with its ease of doing business mantra, avoided imposing stockholding restrictions, in order not to discourage investments in modern warehousing and cold storage.

The President has just approved the release of food items from the strategic reserves, including 30,000 tons of maize to animal feeds producers to ease the high cost of poultry production.

President Buhari’s administration has raised some of these issues with the various food producer associations involved, particularly those of rice and other grains.

With their cooperation, the high food prices should soon be a thing of the past.

In addition, investments in the agro-allied sector by the private sector will significantly increase domestic production of farming inputs especially fertilizer, further crash prices, create employment and ease the pressure on our foreign reserves.

One of these major investments is the Dangote Fertilizer plant which is projected to come on stream by the 4th quarter of 2020.

Additionally, key government agencies and policymakers with the responsibility and visibility on market activities remain focused on removing structural impediments to the production and free movement of agricultural products.

President Buhari once again assures Nigerians of his dedication to bringing this issue to a swift end.

Nigerians have already suffered grave economic losses owing to the coronavirus pandemic, and the Buhari administration will do all in its power to ensure that our people do not continue to suffer additionally from high food prices.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
September 2, 2020

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Happy wedding anniversary to Pastor jeremiah Nwabueze

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HAPPY WEDDING ANNIVERSARY TO PASTOR JEREMIAH NWABUEZE, LEAD PASTOR OF VICTORY RESOUNDING MINISTRIES AND HIS BEAUTIFUL WIFE, HELEN NWABUEZE

Surely the Lord has walked with you through the many years you have been together. To us, you are like a precious gem that guide us and show us the right path to follow.

Looking at how the love in your hearts shines through your eyes is enough to sign that true love does exist. Your marriage has worked out of love and hard work.

Looking back today we now know the meaning of he who finds a wife finds a good thing, your contribution to the body of Christ has been great.

Your love for God and people is indescribable, so may the favor of Almighty God be with you this day

Your marriage has been a lovely inspiration to many of us, you’ve shown us what true love is.

We pray that your marriage will last long in love, peace and joy unspeakable. God will always be present in your home and assignment. We celebrate today along side with the host of heaven.

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CCC Global Genesis Founder, Prophet Oladele Jailed For Defrauding A Woman

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CCC Global Genesis Founder, Prophet Oladele Jailed For Defrauding A Woman

A Lagos State High court on Wednesday (today) sentenced popular prophet and Sheperd-in-charge of CCC Global Genesis church, Prophet Israel Oladele Ogundipe to two-year imprisonment for defrauding an American based woman.

The trial judge, Justice Olabisi Akinlade sentenced Prophet Oladele after she found him guilty of two count charges out of the seven he was charged with.

Justice Akinlade in a judgment that lasted for about four hours sentenced the defendant, prophet Oladele to a year imprisonments for count two and four. She however discharged him of counts 1,3, 5 ,6 and 7 for lack of evidence against him.

Oladele was charged with seven counts charges bordering on fraud and obtaining money by false pretenses, preferred against him by the Lagos State government sometimes in 2007.

He was said to have defrauded one Mrs Olaide William Oni to the tune of eleven million naira (N11m).

He had however pleaded not guilty to the charge when he was brought before the court.

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BREAKING: SANWO-OLU TO ABOLISH PENSION FOR EX-GOVS, DEPUTIES

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BREAKING: SANWO-OLU TO ABOLISH PENSION FOR EX-GOVS, DEPUTIES

By Sodiq Oyeleke

Governor of Lagos State, Babajide Sanwo-Olu on Tuesday announced his intention to repeal the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies.

He made this known while presenting the 2021 budget to the Lagos State House of Assembly.

Sanwoolu said the bill would be sent to the Lagos Assembly for legislative approval.

According to Sanwo-Olu, the abolition of pension for former governors and deputies will reduce the cost of governance.

He said, “Mr. Speaker and Honourable Members of the House, in light of keeping the costs of governance low and to signal selflessness in public service, we will be sending a draft executive bill to the House imminently for the repeal of the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies.”

Detail later…

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