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NACCIMA Warns of Third Recession in Seven Years 

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By Joseph Amah, Abuja

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal Government to urgently implement policies to prevent Nigeria falling into a third recession by the end of 2022, noting that the declining trend in the nation’s economic growth is worrisome.


National President, NACCIMA, Ide J.
C. Udeagbala, gave the warning in Lagos, at a press briefing to review the state of the economy and NACCIMA’s position on issues and policies.

Nigeria recorded a recession in 2016, followed by a second recession in 2020 occasioned by the COVID-19 pandemic, which caused a significant decline in oil revenues as global economic activities stalled for months.

A recession occurs upon two consecutive quarterly negative growth of Gross Domestic Product (GDP).
Udeagbala noted that the Nigerian economy grew by 3.98 per cent  in the fourth quarter of 2021, a drop from 4.03 per cent in the third quarter, and 5.01 per cent  in the second quarter of 2021.
According to him, “We emphasize this slight but continuous drop in growth rate even as we acknowledge that the Nigerian economy bounced back from the COVID-19 pandemic in the fourth quarter of the year 2020 to reach the peak growth rate for the period, of 5.01% by mid-2021.
“This declining trend is most concerning to us, as we consider that statistics on GDP is three or four months behind the present day, therefore, we estimate that the growth rate of National Output for the first three months of 2022 has decreased further considering the state of conflict in Europe which has had a negative impact on energy and food prices.
“It is the position of our Association that there is a very urgent need for policy implementation to avert a third recession of this decade by the end of 2022, even as the World Bank projects that the Nigerian economy will grow by 4.1per cent this year.”
The NACCIMA president further stated: “The Nigerian economy is operating below its productive capacity, as reflected in the high unemployment rates; we are struggling to meet our economic development objectives; as the growth of national output falls below our population growth; the economy is still heavily import dependent for consumption and production; and dependent on crude oil for government revenues and foreign exchange.
“As crude oil can no longer meet government demands for revenue, we are falling into a dependency on foreign debt to run. We need to turn around and reposition the National direction.”
He called on the legislative and executive arms of government to work together by taking urgent steps to reverse the current trend of increasing public debt and declining economic growth.
“The strategy of funding increasing government recurrent expenditure through public debt and the introduction of new taxes only provide short-term benefits in exchange for long-term negative impact,” he added.

Agriculture

Experts urge Media to Present Information on Genetically Modified Foods Objectively

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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)

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Agriculture

Epe LG Empowers 200 Farmers to Boost Food Production

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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)

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Agriculture

Food Security Achievable Through RAAMP, Says National Coordinator 

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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.

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