Poultry association blames rising cost of egg on forex, greed

Published

12 months ago

February 19, 2024

By Francesca Hangeior

The Poultry Association of Nigeria (PAN), Lagos State Chapter, has blamed increase in the price of eggs on the fluctuating foreign exchange rate and greed by some middlemen.

The Chairman of the Lagos State Chapter of PAN, Mr Mojeed Iyiola, said, the increase is caused by rise in the price of feed materials due to fluctuations in the Naira exchange rate with the dollar.

Reports have it that the price of eggs, as well as other poultry produce, has continued to increase.

A crate of eggs from the poultry farm gate now sells for about N3400, up from N2700 in January.

Meanwhile, Iyiola said, “The price of feed materials is the cause of the hike in the price of poultry produce, especially egg.

“The price of feed materials increases on a daily basis. You buy a bag of layers’ feed for N10,000 today, the next day it would have risen to N10,500 and so on.

“Dealers in poultry feed materials have blamed the fluctuations in the dollar exchange rate as the reason for the constant increment,” he said.

Iyiola said that major components of feed meal were being imported into Nigeria.

“The component of feed we do not import is maize. Even soybeans is partially imported into the country,” Iyiola added.

He said that farmers preferred to export soybeans to neighbouring countries for higher profits.

“They prefer exporting them to selling locally.

“The greed of middlemen in the sector, for extra profits, contributes to the consistent hike in egg prices.

“From the farm gate, the least we sell a crate of eggs is N3300 to N3400.

“Middlemen hike the price of the produce beyond normal; if you get a crate of eggs at the farm gate price, a profit of N200 is not bad.

“They prefer selling at higher rates, thus exploiting the average Nigerian,” he said.

Nigeria Needs Thinkers and Builders, Not Spectators – Speaker Abbas

Published

25 minutes ago

February 1, 2025

Gloria Ikibah

…highlights youth as key to progress

By Gloria Ikibah

Speaker House of Representatives,Rep. Tajudeen Abbas, has emphasised the need for Nigeria to have active thinkers, builders, and leaders rather than passive observers.

Giving a Convocation Lecture at the Federal University of Technology, Minna (FUT Minna), Speaker Abbas described Nigerian youths as the country’s most valuable assets, urging them to embrace innovation and technology to drive national development.

His lecture, titled “From Crisis to Prosperity: Harnessing Technology to Drive Nigeria’s Transformation,” focused on the role of technology in shaping the country’s future.

He said: “In an age characterised by rapid technological advancements that are fundamentally altering economies and societies, it is imperative for Nigeria to seize opportunities for growth and innovation. By strategically leveraging technology, the nation can effectively confront pressing challenges, stimulate economic development, and improve the overall quality of life for its citizens.”

Speaker Abbas explained how the strategic adoption and implementation of technological solutions can transition Nigeria from its current crises toward a trajectory of sustainable prosperity.

He noted that in Nigeria, there exists a pervasive belief that university degrees are inherently superior to diplomas from technical polytechnics and colleges.

“As Africa’s most populous nation and largest economy, Nigeria faces many socioeconomic challenges that hinder its development trajectory. Addressing these issues is crucial for the nation’s progress. This lecture focuses on how technology can transform Nigeria from a state of crisis to one of prosperity, offering innovative solutions to longstanding problems.

“This perception has led to an overwhelming demand for university admissions, often at the expense of technical and vocational education,” he said.

Abbas further noted that there is an erosion of technical skills essential for industrial development.

“Ironically, many university graduates find themselves pursuing vocational skills after graduation, such as hairdressing, makeup artistry, and catering, which could have been more comprehensively acquired through technical education.

“In contrast, countries like the United Kingdom and Germany have robust technical education systems, where polytechnics and vocational schools are integral to driving industrial innovation. Nigeria must learn from such models by strengthening its technical education sector to meet industry demands.

“The declining quality of graduates from Nigerian universities, is a reflection of broader systemic issues, particularly the insufficient number and lack of quality of academic staff. Nigeria faces a significant shortage of qualified lecturers, with the lecturer-to-student ratio far exceeding global standards.

“This overcrowding severely limits the ability of lecturers to provide personalised attention and quality instruction, undermining the learning experience for students,” he stated.

Speaker Abbas also noted that there was a shortage of qualified academic staff, which he said is further aggravated by inadequate remuneration and limited opportunities for professional development.

“Compounding these challenges is the commercialisation of education, which has led to unethical practices such as exchanging grades for money or sexual favours. These practices not only tarnish the integrity of academic institutions but also erode public trust in the quality of education being delivered.

“The consequences of these systemic issues are evident in the poor performance of Nigerian universities in global rankings”, he asserted.

To address these challenges, the Speaker said there was an urgent need for targeted interventions, including increased funding for higher education, improved remuneration for academic staff, and expanded opportunities for professional development.

Additionally, he said stricter enforcement of ethical standards and the implementation of transparent evaluation systems could help curb academic corruption and restore the integrity of Nigerian universities.

“Nigerian universities face chronic underfunding, which has severely impacted infrastructure, research capabilities, and overall educational quality. While the expansion of universities aims to increase access to higher education, it often leads to stretched resources and diminished quality.

“A more strategic approach would focus on enhancing existing institutions through improved funding and resource allocation, drawing lessons from successful funding models employed by universities globally and within Africa”, Speaker Abbas said.

While noting that globally, universities adopt diverse funding models that reduce reliance on government allocations, the Speaker said Nigerian universities must rise to this challenge by envisioning and developing a ‘Nigerian Innovation Corridor’ that fosters collaboration between academia, industry, and government.

Speaker Abbas added that by positioning themselves as drivers of technological transformation, Nigerian institutions can create a thriving ecosystem that competes globally and propels the nation into a future powered by innovation.

The youths of Nigeria represent an invaluable assets to the nation. They exemplify qualities of intelligence, resilience, and a strong inclination towards innovation, particularly in the realm of technology. It is essential to leverage digital tools for personal development and entrepreneurial ventures.

“Young Nigerians are encouraged to utilise online learning platforms, engage in coding boot camps, and participate actively in technology communities to enhance their skills and entrepreneurial capabilities. The imperative for youth engagement is more pressing than ever, particularly in a rapidly evolving global economy driven by technology and innovation.

“The Nigerian government, under the leadership of President Bola Ahmed Tinubu, GCFR, has demonstrated its commitment to fostering an environment that supports young innovators through various initiatives. These initiatives aim to promote technological advancement by implementing policies that facilitate access to funding, mentorship programs, and platforms that stimulate innovation and entrepreneurship”, he added.

By prioritising youth engagement and increasing funding for technology and innovation, Speaker Abbas said the Nigerian Government is laying the foundation for a more inclusive and dynamic economy.

“These initiatives empower young Nigerians to harness their creative potential and position the country as a hub for innovation and entrepreneurship in Africa,” he said.

News

Sultan declares Friday first day of Sha’aban

Published

6 hours ago

January 31, 2025

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

The Sultanate Council Advisory Committee on Religious Affairs has announced that there were no confirmed reports of the sighting of the crescent moon marking the beginning of Sha’aban 1446AH.

The announcement done in collaboration with the National Moon Sighting Committee, is significant for Muslims in the country being the month that precedes Ramadan.

In a release signed by the Wazirin Sokoto, and Chairman of the Advisory Committee on Religious Affairs, Sultanate Council, Sokoto, Prof. Sambo Wali Junaidu, the committee stated that no moon sighting reports were received from various committees nationwide.

“As a result, Thursday, January 30, 2025, will be observed as the 30th day of Rajab 1446AH.

“His Eminence, Alhaji Muhammad Sa’ad Abubakar, the Sultan of Sokoto and President-General of the Nigeria Supreme Council for Islamic Affairs (NSCIA), has accepted the report and officially declared Friday, January 31, 2025, as the first day of Sha’aban 1446AH.

“The announcement is significant for the Muslim community, as Sha’aban is the month preceding Ramadan, the holiest month in Islam.

“The declaration ensures uniformity in the Islamic calendar, guiding religious observances across Nigeria”, it added.

The Sultanate Council also urged Muslims to follow official announcements regarding Islamic dates and to prepare spiritually for the upcoming month of Ramadan.

News

Abolishing Death Penalty, Nigerians Will Decide – Deputy Speaker

Published

6 hours ago

January 31, 2025

Gloria Ikibah

By Gloria Ikibah

Deputy Speaker, House of Representatives, Rep. Benjamin Kalu, has said that the decision to abolish death penalty in Nigeria rests with the people.

Kalu who stated this during a visit by officials of the Death Penalty Project and the British High Commission to his office in Abuja on Thursday, stressed the need for open discussions and collaboration among stakeholders, as opinions on the issue vary widely.

He noted that over 130 countries have already abolished the death penalty, either in law or practice. However, in Nigeria, capital punishment is still allowed for crimes such as murder, armed robbery, and treason.

The Deputy Speaker said that the number of death row inmates highlights the need for reforms in the criminal justice system. As chairman of the Constitution Review Committee, he said the committee has been studying the moral, ethical, and practical aspects of the death penalty.

While no bill on the matter is currently before the House, Kalu stated that the committee is considering it, and a proposal could be brought forward soon for debate and public input.

Kalu said, “Internationally, there is a growing trend toward the abolition of the death penalty, with over 130 countries having abolished it in law or practice. This shift reflects a global understanding that justice must incorporate rehabilitation and restorative practices rather than solely punitive measures.

In November 2024, the UN General Assembly’s Third Committee approved a resolution for a global moratorium on executions, aiming for full abolition, which was adopted on December 17, 2024, marking the tenth resolution since 2007 advocating for a moratorium, with support increasing from 104 states in 2007 to 130 in 2024, while opposition has declined. Notably, Nigeria abstained from the recent vote among 22 abstaining states. This trend indicates a strong movement towards the universal abolition of the death penalty. Within the African Union, 48 of 55 countries are now abolitionist in law or practice, with only Egypt and Somalia carrying out executions in 2023.

“The African continent is advancing towards the abolition of the death penalty more rapidly than any other region, with six countries having eliminated the death penalty for all crimes or for ordinary crimes in just the past four years (since July 2021).

We are willing to collaborate with you and have further engagements as we know that aligning our laws with international best practices enhances Nigeria’s reputation on the global stage.

“There’s no bill before the House of Representatives at the moment to address this issue as we speak, but there’s an intention for us to have conversations around it. I’m trying to give it legal framework by presenting it as a bill. We are considering presenting it before the parliament for debate, for us to know whether or not is what our society needs at the moment. It will pass through various stages of public hearing to allow the public make contribution on this subject matter. We are positive that our willingness to engage further on this discussion will send a clear message that we are committed to upholding human rights and ensuring that our criminal justice system reflects fairness and proportionality.”

The Deputy Speaker however stated that as further discussions are ongoing, the goal is not to diminish the seriousness of capital offenses but to create a justice system that is equitable, effective, and respectful of human rights.

“We owe it to our citizens to ensure that their rights are protected and that our laws reflect the highest standards of justice. I urge you all to support us as we take significant steps towards reforming our criminal justice system towards creating a Nigeria that embodies fairness, respect for human rights, and a commitment to justice for all,” Kalu added.

Earlier, leader of Delegation and Co-founder/Co-Executive Director of The Death Penalty Project, Saul LeurFeund, said the visit was to seek the collaboration of parliament on the potential abolishment of death penalty in Nigeria.

He said, “We’ve seen great progress, Zimbabwe abolished death penalty on new year’s eve. I had the pleasure of being here last August on the invitation of the British high commission .

“It will be helpful to have conversation around death penalty in Nigeria. It will be helpful to bring partners together to discuss potential abolishment, to see if we can change discussion around death penalty. So we want to bring our experience and to discuss with you, the possibility on how the Constitution can be amended and anything we can do to provide technical support”.