News
Cross River gov moves to boost farmers’ revenue
By Francesca Hangeior
The Cross River State Governor, Bassey Otu, has revealed plans to help farmers in the state increase their revenue over middlemen who buy off their produce and sell at a higher price without going through the pains of the farmers.
Otu stated this on Wednesday while flagging off the cultivation of 2,000 hectares of commercial maize in Odukpani Local Government Area through the state government’s Project Grow Initiative.
Otu, represented by the Accountant General of the State; Mrs Glory Effiong, said the initiative was designed to curb food insecurity and create a sustainable economy in the state by having farmers cultivate and companies like Flour Mills off-take.
Effiong said the Project was a testament to what resilience could achieve, noting that the occasion was symbolic to celebrate the commencement of mechanical planting of maize over a commercial area of 2,000 hectares.
“The Project Grow initiative is a market-driven strategy aimed at stimulating private sector investment in key agricultural value chains such as maize, rice, cassava, aquaculture and animal fodder.
News
Reps Quiz Federal Polytechnics Damaturu, Mubi, Monguno Over Infractions
By Gloria Ikibah
News
Obasanjo narrates how he escaped becoming drug addict
Former President Olusegun Obasanjo has revealed how he almost became a drug addict.
He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.
Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.
The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.
“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.
“There’s nothing drug can do for you except destruction.
“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.
He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.
News
We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.
Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.
“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.
“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”
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