Connect with us

Agriculture

Again, State Govs Seek CBN Assistance Over FAAC Deductions

Published

on

Share

By Tony Obiechina, Abuja


State Governors have again appealed to the Central Bank of Nigeria ( CBN) to assist them reschedule their Irrevocable Standing Payment Order (ISPOs) upon which deductions are made directly monthly from their allocations at the Federation Accounts Allocation Committee (FAAC) meeting.


The governors under the aegis of the Nigerian Governors Forum (NGF), made the appeal at  the apex bank corporate headquarters in Abuja on Thursday when the Forum led by it’s Chairman and Governor of Ekiti  State, Dr.
Kayode Fayemi led about 20 Governors to meet with the CBN Management Team on unlocking growth potentials through agriculture .

The Governor of Borno State, Prof. Zanna Zulum who made the request on behalf of the States said the North -Eastern States were heavily burdened by the deductions because of the spate of insurgency and have become hamstrung in activating agricultural initiatives because of their cost implications.
The CBN had earlier restructured States loans in 2016 during the bailout palliatives to assist the States meet up with salaries and other emoluments obligations in the wake of the recessionary effects at the time .
Also on the shopping lists of the visiting Governors were the assistance in the provision of electricity to help agro processing and storage as well as more credit lines through the Development Finance Department of the apex bank.
Responding, the CBN Governor, Mr. Godwin Emefiele promised to work with the States to reap the potentials in agriculture in the country .
He listed the many initiatives undertaken by the apex bank to boost food production in the country so as to cut down on import and save foreign exchange for Nigeria.
In line with the objective, he announced that the CBN has added cassava derivatives to the list of foreign exchange ban for import into the country.
“We have indeed  begun to restrict Forex for importers of all cassava derivatives into the country such as ethanol and starch, he stated”.

Emefiele, explained that the action was taken because Nigeria was the largest producer of cassava and wondered why Nigeria should be importing  cassava derivatives into the country.
The governor also disclosed that the CBN has disbursed about N30 billion for the cultivation of oil palm to meet domestic consumption requirements. He said:”The annual demand for palm oil in Nigeria stands at 2.5m mt of which only  1.25m mt, is produced locally  leaving a  gap of 1.25m mt per annum. This gap is currently being met through imports.

The Central Bank of Nigeria Oil Palm Initiative is aimed at closing the gap and also positioning Nigeria to incrementally export oil palm products to neighboring African countries and beyond.
“Closing the identified gap would require bringing about 312,500 hectares under modern cultivation at an estimated yield of 4 metric tons per hectare.  Our target is to ensure that a minimum of 1.4 million ha of land is put under oil palm cultivation in three years.
“As a step in this direction, the Bank had met with 14 State Governors who pledged to make available 100,000ha of land in each state.  We currently have a total of 904,624 hectares which are available in the states for allocation and investors have been matched with the States of interest to process necessary documentation and titling requirement.  
“The investors are to be funded from the Bank’s intervention programme.  However, some of the States are slow in making the land available to these investors.
“So far a total of about N30 billion has been disbursed through deposit money banks  in favour of 6 oil palm companies to support their expansion programmes.  The companies are PZ Wimar, Biase oil company ltd, Eyop, Okomu Oil company, Presco Oil Company, SIAT Ltd.  
“We are expecting application in favour of Ada Palm IMO State. Over 40 applications from investors across the country for the cultivation of  126,694 hectares are being considered,” Emefiele further disclosed.

Agriculture

Experts urge Media to Present Information on Genetically Modified Foods Objectively

Published

on

Share

The  National Biotechnology Research and Development Agency (NBRDA) has urged the media to stand in the communication gap in favour of biotechnology development n Nigeria, re-affirming the safety in the consumption of genetically modified foods.

Prof. Abdullahi Mustapha, Director General/Chief Executive Officer of the agency, affirmed this during a one-day media field trip to NBRDA FARMS on Monday in Abuja.

The trip was organised by Open Forum On Agricultural Biotechnology (OFAB), an initiative of the African Agricultural Technology Foundation (AATF).

“Today, you shall be visiting our TELA Maize farms. This provides an exciting opportunity to see for yourselves what we have been doing here and equally gather your findings on what you have seen today and then take back the message to the people to quell some of the miscommunications about Genetically Modified Organisms (GMO) crops.

“TELA Maize hybrid varieties were developed to address some of the pressing challenges facing our farmers, including pests and diseases that can significantly reduce crop yields,” he said.

According to him, the production of the TELA MAIZE hybrid was done through the combined efforts of scientists at the Institute for Agricultural Research (IAR), Zaria in collaboration with stakeholders in key institutions such as NBRDA, NBMA, NASC, and the AATF Research Team.

“We are here to showcase our demonstration farms of genetically modified versions of commonly consumed crops developed by our  scientists that have enjoyed rave reviews from the global world of science and the agricultural sector.

“These experts have worked tirelessly to ensure that this crop is not only high-yielding but also safe for human consumption,” he added.

He noted that the National Biosafety Management Agency (NBMA) has been instrumental in ensuring the safety and efficacy of TELA Maize which is believed to have the potential to transform the agricultural landscape in Nigeria and beyond.

Dr Jean Baptiste, the Regional Representative of the African Agricultural Technology Foundation, said that GMOs were aimed at leveraging the potential of biotechnology to develop a system that will help farmers.

He said Tella maize is a variety, developed using biotechnology methods to control insects.

“It also checks the resistance to drought and controls army worms, and stem borers in maize.

“At the end of the day, the benefits are enormous because it helps farmers increase yield and to be able to meet food security issues.

Dr. Francis Nwankwo, a TELA MAIZE developer from the African Agriculture Technology Foundation (AATF) explained the processes saying Tela maize passed through  a genetic transformation that happens at the DNA level .

“They are not manufactured. What happens is we identify genes that can inhibit the infestation or reduce the infestation of some lepidoptera pests that affect some crops.

“So when we identify those genes we incorporate them into the DNA of maize thereby making it the maize, plus the genes.

“That way we increase the genes and reduce the struggles that our conventional maize go through on our farms like the stem borrower and others,” he said.

In her presentation, Dr Rose Gidado, Director, Agricultural Biotechnology Department, NBRDA, explained that many countries have derived huge benefits from TELA maize citing countries such as the U.S. and Canada.

“We actually brought you here so you could see the disparities between the TELA MAIZE and the non-TELA MAIZE species, and the environment which is far different from what we see on social media.

“We have other crops like beans that have actually been through the same gene transfers and are doing perfectly well and are safe for consumption,” she said.

She, therefore, urged the media to be on the guard in view of a lot of misinformation going round on social media and take responsibility in providing related information to the public adequately and objectively. (NAN)

Continue Reading

Agriculture

Epe LG Empowers 200 Farmers to Boost Food Production

Published

on

Share

Ms Surah Animashaun, the Chairperson, Epe Local Government, has empowered 200 farmers with cash and other agricultural inputs to boost food production in the area.

Animashaun distributed the agricultural inputs to the beneficiaries at the council secretariat in Epe on Thursday in Lagos.

She said the initiative was aimed at supporting farmers in order to boost food production in the various communities of the council.

Animashaun said the farmers who benefitted from the gesture are expected to be considerate in their price fixing after harvest to ensure the affordability of food for all Nigerians.

“With the economic situation now and the support being giving to you, farmers should be reasonable in fixing prices after harvest to ensure that ordinary Nigerians source food at a more convenient price nationwide.

“We are here to give you support for your farming activities today, we expect that you reciprocate tomorrow by selling at a more affordable price to the people tomorrow,’’ she said.

Animashaun explained that each of the benefiting farmers received N50,000 and essential grains such as maize and sorghum.

She said the council would continue to support the farmers for them to be strong in farming activities.

Animashaun also used the medium to highlight her administration’s ongoing efforts in the extension of palliatives to other sectors of the economy.

She urged the communities in the area to maintain harmony, love, hospitality, and compassion, particularly in the face of the present economic challenges.

Also speaking, Mr Sikiru Owolomoshe, the Vice Chairman of the council, urged the farmers to take advantage of the gesture to improve their activities in order to encourage others.

Mr Olayinka Kazeem, the Secretary of Epe Farmers and a beneficiary, expressed gratitude to the council chairperson and her management.

“This is the first time we are witnessing this kind of programme and it is coming at a critical period when many states are facing food shortage,’’ he said.

He assured that the beneficiaries would do their best to ensure the objective was achieved.

Mr Ahmed Surakat, the Public Relations Officer of Lagos State Fishermen Cooperative Association, and Mrs Kafilat Animashahun beneficiaries, extended their gratitude to the council chairman for her unwavering support to farmers.

Earlier, the President of the Epe Farmers Union, Mrs Aminat Shabi, lauded Animashaun for the comprehensive support to other agricultural value chain such as fish farmers and livestock producers.(NAN)

Continue Reading

Agriculture

Food Security Achievable Through RAAMP, Says National Coordinator 

Published

on

Share

By Tony Obiechina, Abuja 

The Rural Access and Agricultural Marketing Project (RAAMP) has been described as an appropriate and very effective means of realising food sufficiency and security across the country.

The National Coordinator of RAAMP, Engr Aminu Bodinga Mohammed who made the assertion  during the 7th Joint World Bank and French Development Agency Implementation Support Mission of RAAMP at the Shehu Musa Yar’Adua Centre, Abuja, pointing out that most urban centers derive their supply of food from farms, which are located at the rural communities.

His words: “the primary objective of RAAMP is to improve rural roads and trading infrastructure through to boost food production.

Therefore the successful implementation of this project could go a long way towards guaranteeing food sufficiency and security across the country”.

He solicited for concerted efforts by all stakeholders to ensure an all-round success of the project.

Aminu noted that the mission was to evaluate the current implementation status, milestones as well as challenges faced by the 19  states participating in the project and announced that arrangements had reached an advanced stage for the commencement of civil works on agro-logistics centers (ALCs) latest by September, 2024 with 23 major contracts that would be awarded across the states.

ALCs refer to market hubs that have been prioritised for transformation to ultra-modern standards at various locations across the country , notably in rural communities to empower and enhance the livelihoods of the people.

Also speaking, the Task Team Leader of the World Bank,  Mr. Rakeesh Tripathi hinted that a scale-up was being mooted for the project but emphasized that only states which must have  established and operationalised the Rural Access Road Agency (RARA) and State Road Fund (SRF), backed up with the required standing on counterpart funds would be eligible to access the scale-up funds. 

He therefore advised all states to take advantage of the mission and get the needed support to tackle every challenge facing their State Project Implementation Unit (SPIU), adding that all the 36 states and the Federal Capital Territory would be encouraged to embrace the scale-up project.

Highpoints of the exercise were presentations by the State Project Coordinators of the respective participating states, question and answer sessions, comments and observations, among other inputs by the stakeholders.

The Task Team Leader of the French Development Agency, AFD; Consultants from the World Bank; the Federal Project Management Unit, FPMU as well as State Project Implementation Units, SPIUs of RAAMP also attended the mission.

Continue Reading

Read Our ePaper

Top Stories

NEWS8 hours ago

Niger Govt. Establish Price Control and Monitoring Board

Share Niger Government has established the state Price Control and Monitoring Board, approved by Gov. Umaru Bago to ensure fair...

NEWS8 hours ago

FAAC: FG, States, LGs Share N1.298trn for September

ShareThe Federal Accounts Allocation Committee (FAAC), has shared N1.298 trillion among the Federal Government, states, and the Local Government Councils...

NEWS8 hours ago

Accident Claims 1, LASTMA Decries Non-compliance with Regulations

Share The Lagos State Traffic Management Authority (LASTMA) has reiterated the importance of strict adherence to traffic laws, emphasising the...

Uncategorized8 hours ago

Aradel, GTCO, others Drag Equity Market Down by N127bn

Share The equity market extended its losses on Thursday as the market capitalisation dropped by N127 billion, or 0.21 per...

NEWS8 hours ago

Gov Fubara’s Judicial Panel a witch Hunt – Rivers APC Chair

Share Dr Tony Okocha, Acting Chairman of the All Progressive Congress(APC), in Rivers, has described the Judicial Commission of Inquiry...

NEWS8 hours ago

Wike, 27 Rivers Lawmakers not APC – APC Chairman

ShareDr Tony Okocha, Chairman of the All Progressive Congress(APC), in Rivers,  has said that FCT minister Nyesom Wike is not...

NEWS9 hours ago

FG Targets $1trn Economy by 2030 Via Financial Inclusion

Share The Federal Government says it is putting sustainable mechanisms in place to build a $1 trillion economy by 2030...

NEWS9 hours ago

3 Reportedly Injured as CNG Vehicle Explodes in Benin

Share Three persons have been reportedly injured on Thursday in Benin when a Compressed Natural Gas (CNG) powered vehicle exploded...

NEWS11 hours ago

Customs Pivotal to AfCFTA Success in Africa – Coordinator

Share The Nigeria African Continental Free Trade Area (AfCFTA) Coordination Office says Customs operations play a critical role on the...

NEWS12 hours ago

WHO Raises Alarm over 5.3 m Health Workers Shortages in Africa by 2030

ShareBy Laide Akinboade, Abuja The World Health Organisation, WHO, on Thursday, raised alarm over 5.3 million shortages of health workers...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc