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FCCPC Blames Grain Hoarders For Rising Food Inflation In Nigeria

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‘Unscrupulous actors’ are the major contributors to food inflation in the country, says the Federal Competition and Consumers Protection Commission (FCCPC).

Other causes, according to the commission, are price fixing by bad eggs and entrance levies imposed by market associations.

FCCPC Executive Vice Chairman/Chief Executive Officer Tunji Bello said with time, ’all the bad eggs’ engaged in hoarding, artificial market creation, price fixing, and gouging, would be checkmated by the government.

Bello  added that  “unethical practices” remained offences punishable under sections 18(3)(c), 62,63,66(1),108 of the FCCP Act 2018.

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He spoke during a town hall meeting with industry captains, Micro, small, and Medium Enterprises (MSMEs), market leaders, farmers, transporters, and service providers in Kano.

Noting that the  Act prescribes stiff penalties ranging from heavy fine to jail terms for offenders,  he told the  stakeholders that the commission chose to, first, explore the option of dialogue in the “spirit of democracy.”

Bello explained that FCCP investigators found out that the  unscrupulous produce merchants were in the habit of  mopping up and hoarding  newly harvested grains from farms and markets, thereby ‘’endangering our national food security.’’

His words: “Without caring for the consequences of their action on fellow countrymen and women, some of these unscrupulous actors go as far as taking some of the food items they had mopped up from farmers or the markets and smuggle them across the borders to sell at a premium.

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“Don’t get us wrong; we are by no means saying everyone is guilty here. We only have a few bad eggs involved in such unethical practices. It is therefore our collective responsibility to work together to achieve reasonable pricing of goods and services, especially at a time the country is undergoing bold economic reforms which may bring temporary discomfort today but will usher a better economy for us tomorrow.”

Bello consequently solicited the support of the Kano State stakeholders to curb the unwholesome practice in the national interest.

Listing the gains of an earlier engagement by the commission in Lagos, Bello noted that President Bola Tinubu had already responded to some of the yearnings of the stakeholders in the form of new policies.

He said:  “We have a very listening President.   He feels for the people, shares their pains, and is ever willing to go the extra mile to cushion the effects of the hardship the ongoing economic reforms have brought.

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“The Federal Government has also commenced the implementation of zero Value Added Tax (VAT) and excise duties on pharmaceutical products and medical devices. Just as a number of taxes have also been removed to assist micro, small, medium enterprises as well as taxes being removed from public transportation.”

The Executive Vice-Chairman urged the stakeholders to be patriotic by sharing the gains of the concessions granted them by the government with the consumers.

“For instance, when the government assists the operators of public transportation with easy credits to convert their vehicles from petrol to relatively far cheaper CNG(Compressed Natural Gas), we don’t expect them to charge the same fares as those who buy petrol,” Bello said.

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NSCDC, Tantita intensify joint efforts to combat oil theft in Niger Delta

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The Nigeria Security and Civil Defence Corps (NSCDC) and Tantita Security Services Limited (TSSL) have intensified their joint efforts to eliminate economic sabotage in the Niger Delta, in line with the Renewed Hope Agenda set forth by President Bola Ahmed Tinubu.

As part of his inspection of NSCDC operations in the area, Commandant-General Dr. Abubakar Audi led a group of senior officers to meet with Chief Kestin Pondi, Managing Director of TSSL, and High Chief Government Ekpemupolo, commonly referred to as Tompolo, in Warri and Oporoza, Delta State.

Audi and his team also toured the operational facilities of NSCDC operatives working with Tantita in far-flung creeks of the Niger Delta and other formations to assess their activities and encourage the frontline security agents.

The Commandant-General while paying a courtesy visit to Pondi said his operational tour of the Niger Delta was to enable him get first hand information of his men on ground and strengthen the relationship between the corps and Tantita.

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Audi said the NSCDC would celebrate the gallantry of his men on March 1st adding that the occasion would recognise fallen heroes of the corps and empower the families of deceased officers.

He said: “We place high premium on the welfare of our staff that is why every March 1st we recognise our personnel who died on active duty by assisting their families through payment of life insurance benefits and other empowerment schemes.”

In his remarks, the Managing Director, Tantita Security Services Ltd, Mr Kestin Pondi, heaped praises on President Ahmed Tinubu for providing the enabling environment to fight oil theft in the Niger Delta region.

He assured of closer collaboration with security forces including the NSCDC in the ongoing efforts to tackle pipeline vandalism and oil theft.

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Pondi said without the collaborative efforts of the NSCDC and other security agencies, the success record would have been impossible.

He said prior to Tantita’s involvement in combating oil theft, production levels hovered around 800,000 barrels per day, adding that the increased production was because of the collaboration with NSCDC.

He said:  “The success recorded in the recent past is not without the collaborative efforts of NSCDC. At the moment we have over 450 personnel in our organisation who have been providing collaborative services to our personnel.

“It is worthy of note that as at the time we came on board, the nation was producing between 600000 – 800000 barrels per day in 2022, but as at today we have gone over 2 million barrels per day and this is largely due to our collaboration with you.

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A former President, Ijaw Youths Council (IYC) Worldwide, Engr. Udengs Eradiri, hailed NSCDC and Tantita for their mutual relationship saying their operational style was in line with President Tinubu’s leadership approach of community and stakeholders’ engagements.

Describing President Tinubu as a community man, Eradiri said Tinubu’s approach was centered around the people adding that in similar way Tantita and NSCDC approach instilled confidence in people to protect oil facilities within their domain.

“This is in line with President Tinubu’s leadership style. President Tinubu is a community man. His approach has always been about the people. For some of us who have known him for years ago, we are not surprised that he is doing things differently.

“Recall that when he was campaigning he came to the Gbaramatu Kingdom. President Tinubu expanded the relationship with Tantita and consolidated on what he met and that is why the trajectory has been smooth. President Tinubu is the reason Tantita is succeeding and we want to commend him for believing in Tompolo and the people,” he said.

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Imo govt warns nightclub, lounge proprietors against selling hard drugs to customers

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The Imo Government has issued a stern warning to hotel owners and nightclub operators, urging them to refrain from permitting the use of hard drugs within their establishments.

This announcement was made in a statement signed by Chief Ezechukwu Obonna, the Special Adviser to Governor Hope Uzodinma on Narcotics and Illicit Drugs Monitoring, and was shared with journalists in Owerri on Saturday.

According to Obonna, the state government has observed that hard drugs, especially cannabis, popularly called ‘loud’, are now being freely sold and consumed in public places, especially in lounges and nightclubs in the state, as if the drug is no longer prohibited by law.

He warned operators of nightclubs and lounges to immediately put an end to the consumption and sale of hard drugs, particularly in their business areas.

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He said that any establishment found to be enabling or permitting the use of hard drugs would face severe consequences.

“The government is issuing this stern warning to lounge and nightclub owners across the state to note that the government will no longer tolerate the use of private businesses as havens for illicit drug use.

“We urge all lounge and nightclub owners to take responsibility for ensuring their patrons are not engaging in illicit activities.

“The Imo State Government is committed to protecting the health and well-being of its citizens, and we will not hesitate to take action against those who compromise this effort,” he said.

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He added that the International Narcotics Control Board had expressed concerns about the growing trend of drug use and its impact on public health.

According to him, the Imo Government is taking proactive steps to address this issue and ensure a safer, healthier environment for all citizens.

“We appeal to all lounge and nightclub owners to cooperate with the government in this effort and to report any suspicious activities to the authorities immediately.  Together, we can create a safer, more responsible tourism and entertainment industry in Imo,” he said.

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Watch Saturday episode of Your Family Lawyer on ‘How can I get a divorce under Islamic marriage

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Seasoned lawyer and progenitor of Your Family Lawyer, Chuma Chinye tackled how you can get a divorce under Islamic marriage.

Using vivid examples and solutions on how you can maintain a cool head when faced on how to get your rights under Islamic marriage.

Watch podcast below:

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