News

Food Insecurity: Reps Allege No Grains In Public Silos Accros Nigeria

Published

10 months ago

February 20, 2024

Gloria Ikibah

…say President Tinubu is been misguided, misinformed

By Gloria Ikibah

Former Speaker of Gombe State Assembly and member representing Yamaltu/Deba Federal Constituency of Gombe state in the House of Representatives, Rep. Inuwa Garba has alleged that there are no grains in the silos owned by the Federal Government in Nigeria.

Rep. Garba, who sponsored a motion on the “Need to investigate the privatisation/concession of Federal Government Silos in Nigeria,” on Tuesday at plenary, said President Bola Tinubu may have been misinformed or misguided on his directives to distribute grains to Nigeria who are in no doubt suffering from the current economic hardship.

Naijablitznews.com reports that as a temporary response to the nation’s growing food crisis and the rising price of commodities, President Bola Tinubu, recently ordered the immediate release of more than 102,000 metric tons of various grain types from the Strategic Reserve and the Rice Millers Association of Nigeria.

The Minister of Information and National Orientation, Mohammed Idris, revealed this to State House Correspondents after the final leg of three meetings of the Special Presidential Committee on Emergency Food Intervention at the Aso Rock Villa, Abuja.

Rep Garba addressing the media said there was the need to investigate the concession of 22 Silos in Nigeria, if possible reverse the concession and make refunds to the new operators of the consmcessioned silos.

According to the lawmaker, in a country of more than 200m people where petroleum subsidy has been removed, there must be subsidy for agriculture to help cushion the effects of food insecurity currently faced by the nation.

“That is why I said it is very timely to investigate why government, how government, took decision to privatize the silos or services that is meant for the government.

“I feel it is very wrong to privatize the silos or services that is meant for the government to have food security by having food storage in order to support and alleviate the sufferings of Nigerians over a period of time, where there is not only scarcity of food but very high cost of food and scarcity of funds.

“Members of the press, that is why I raised on the floor of the House, to investigate this action of governmentin.

“That is why I said the Federal Government should as a matter of urgency or as a matter of priority, consider subsidizing agriculture to revitalize its economy and ensure food security in Nigeria”, Rep Inuwas stated.

Debating the motion on the floor of the House at plenary, Rep. Garba, noted that in September, 2017, the Federal Government commenced the process of concessioning 22 out of it 33 silo complexes across the country to the private sector to ensure availability of affordable grains across the country;

The motion reads: “Cognizant of the need to scrutinize circumstances surrounding the privatization or concession of Government Silos for Grains Storage in the country considering the vital role these silos play in ensuring food security across the country;

“Also cognizant of the need to investigate the entire process of privatization or concession, including the criteria used for the selection of private entities, transparency in the bidding process to ensure accountability in public administration, and upholding the principles of fairness and equity”.

The House unanimously adopted the motion and urged the Federal Government to, as a matter of priority, consider subsidizing agriculture to revitalize the economy and improve food security in Nigeria.

The House also mandated the Committees on Agricultural Production and Services, Privatization and Commercialization, Public Assets, to investigate the privatization/concession of 22 out of 33 Government Silos for grain storage and other critical national assets in Nigeria and report back within four (4) weeks for further legislative action.

News

Nigeria Renews Currency Swap Deal With China

Published

4 hours ago

December 27, 2024

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

Nigeria and China have renewed the currency swap agreement between both countries.

The renewal is valid for three years and can be renewed upon mutual consent.

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, who shared the information on his social media account, said China’s central bank confirmed on Friday that it has renewed a bilateral currency swap agreement with the Central Bank of Nigeria (CBN).

The total value of the agreement is 15 billion yuan (about 2.09 billion U.S. dollars), or 3.28 trillion Nigerian naira, the People’s Bank of China said in a statement on its website.

It said that the renewal of the currency swap arrangement will strengthen financial cooperation between China and Nigeria, expand the use of the two currencies, and promote and facilitate bilateral trade and investment.

Recall back in 2018, the CBN and its Chinese counterpart, signed a currency swap deal after two years of negotiations between the two countries.

The deal, valued at about $2.5bn, is aimed at providing adequate local currency liquidity to Nigerian and Chinese industrialists and other businesses, thereby reducing the difficulties encountered in the search for third currencies.

The move is also aimed at facilitating bilateral trade and investment and promoting the financial stability of both countries.

News

Aiyedatiwa names court complex after Akeredolu

Published

4 hours ago

December 27, 2024

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

Governor Lucky Aiyedatiwa of Ondo State has immortalised his predecessor, Rotimi Akeredolu, as he announced that the new High Court complex to be constructed in the state would be named after the departed ex-governor.

Aiyedatiwa disclosed this while speaking during the flag-off of the construction of the new high court complex also called the Judiciary Village in Akure, the state capital, on Friday.

Aiyedatiwa described the project as a historic milestone for the state, adding that it was conceived under the leadership and vision of the late Akeredolu.

He said, “This is a milestone celebration as we flag off the construction of a new high court complex in our dear state.

“Since the creation of Ondo State in 1976, no attempt has been made to provide a modern edifice for the administration of justice.

“Today, we are not only making history but also fulfilling a long-standing dream of the judiciary.

“This development is the actualisation of the dream and vision of our late leader, Arakunrin Oluwarotimi Akeredolu.

“He desired to provide a state-of-the-art high court complex to enhance the workload and welfare of our judiciary.

“Naming this project the Oluwarotimi Odunayo Akeredolu Judiciary Complex is a fitting way to immortalise his legacy.”

Highlighting the importance of embarking on the project, the governor expressed his administration’s commitment to the advancement of justice and the welfare of judicial officers in the state.

“Let me state with all sense of responsibility that we are embarking on this project at this time not because the state is too buoyant financially but because of our commitment to providing a good working environment with modern facilities that will enhance the welfare of our judicial officers, workers and people seeking justice, with the overall aim of speeding up the dispensation of justice in Ondo State.

“This complex will include a ceremonial court, modular courts, a registry, a library, exhibition buildings, a utility building and modern parking facilities.

“It’s designed to create a conducive environment for the administration of justice and to speed up the dispensation of justice in Ondo State,” he stated.

Earlier in his welcome remarks, the state’s Chief Judge, Justice Olusegun Odusola lauded the initiative, describing it as a landmark achievement of the current administration in the state.

News

2024 Globe Soccer Awards, Ronaldo, Vinicius, Bellingham win big(Photos)

Published

4 hours ago

December 27, 2024

Kayode Sanni-Arewa

By Kayode Sanni-Arewa

Al Nassr and Portuguese forward, Cristiano Ronaldo was named the best player in the Middle East at the 2024 Globe Soccer Awards ceremony held in Dubai earlier on, December 27.

The organizers of the 2024 Globe Soccer Awards ceremony honoured Real Madrid president Florentino Perez with the career-recognition award tagged “The greatest president of all time”.

Former England and Manchester United defender Rio Ferdinand alongside Alessandro Del Piero, Neymar, and Thibaut Courtois were also given lifetime achievement awards.

It was a night for Real Madrid and members of the team as the club’s coach, Carlo Ancelotti was named Best Coach at the Globe Soccer Awards. His player, Vinicius Junior, was named Best Men’s Player of the Year, while Jude Bellingham won the Best Midfielder award.