Connect with us

NEWS

Gov. Otu Unveils N30bn Commercial Agric Development Fund – Commissioner

Published

on

Share

The Cross River Government on Saturday announced plans to unveil a N30 billion commercial agric development fund that would enable farmers to have access to loan as part of efforts to ensure food sufficiency and boost agriculture in the state.

The state Commissioner for Agriculture and Irrigation Development, Mr Johnson Ebokpo, and his counterpart of the Information, Mr Erasmus Ekpang, jointly announced this in Calabar.

Ebokpo said the fund which would be provided and guaranteed by the state government, would be warehoused by a consortium of banks.

He said the fund was meant to move farmers from subsistence farming to commercial farming and at the same time boost agricultural value chain in the state.

Ebokpo said that the project would focus on boosting maize, cassava, aquaculture and rice farming and also to ensure all- year-round farming in the state.

He said the reason for the government intervention was to address the difficulty encountered by farmers in accessing loan facilities.

“We have for instance flour mills in Calabar which had to rely on maize supply of about N60 billion annually from Kano, Kaduna and other states from the North.

“Cross River has about 1.8 million hectares of arable land suitable for all sorts of agricultural purposes but does not have the fund to cultivate much maize to feed the flour mill here.

“What the government of Prnce Bassey Otu is trying to do is to commit this fund with the consortium of banks where farmers can have access to it for six years.

“Principally, the fund is coming from the state government but the banks and international development partners can bridge the gap when they see the commitment of the government,” he said.

Simirlarly, the information commissioner said that the state would soon launch the Code River State -Wide Irrigation Infrastructure Development Project (SWIID).

Ekpang said that the aim was to promote all-year-round agricultural production and also to attract investments in the cassava sub sector.

To actualise this, he said that the state had developed a Cassava Value Chain Development Policy framework to public private partnerships.

“The governor had embarked on an aggressive drive to reduce fiscal wastage and subsidise productivity in a manner that would foster long-term prosperity.

“The government had made tremendous roads into the agricultural sector. This administration had commenced soil survey and fertility mapping of Cross River State.

” The government has also embarked on aggresive elevation of the state oil palm production status with the development of 3.5 million oil palm seedling nurseries in 13 designated locations across the state,” he said.

The commissioner also said the administration had equally commenced the Home Stead Farming Project to mitigate food insecurity and resultant high cost.(NAN)

NEWS

Gunmen Attack Police Station, Kill 2 in Anambra

Published

on

Share

The Police Command in Anambra says gunmen have burnt its station in Umunze, Orumba South Local Government Area, killing two officers.SP Tochukwu Ikenga, the Police Public Relations Officer in the state, announced this in a statement issued in Awka on Monday.He said that the gunmen attacked the police facility with improvised explosives, shooting sporadically, which caused a fire to burn part of the station.

He said further that during the attack, two police operatives on duty were killed when they attempted to resist the gunmen.
Ikenga stated that the bodies of the deceased policemen had been recovered and taken to the morgue.He also noted that joint security forces, including the police, army and navy, among others, had recovered five unexploded improvised explosives.
Ikenga noted that the Commissioner of Police in Anambra, CP Nnaghe Itam, had visited the scene for assessment.He said that Itam called on anyone with information that could assist in the investigation to come forward, assuring then that such information would be treated confidential.(NAN)

Continue Reading

NEWS

IPPIS Data Base not Compromised, OAGF Assures Employees

Published

on

Share

By Tony Obiechina, Abuja

The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s determination to maintain and operate a secure and efficient personnel and payroll system.In a statement by the Director of Press and Public Relations, Mr Bawa Mokwa on Monday, the OAGF maintained that the Integrated Personal and Payroll Information System (IPPIS) database has not been compromised, assuring that employees personal data on the IPPIS database is safe and secured.

The OAGF, which manages the IPPIS and other financial management initiatives of the Federal Government, said it is already implementing its ICT Security Policy that aims to ensure that its digital assets are secured in line with global best practices.
The Office explained that no data is saved on its website, adding that the IPPIS uses the website to only share information and not for any transaction. “The IPPIS is not using the OAGF website for any transaction. The website is actually the medium to share information. Neither payroll nor payment is made through the website, therefore, no data is contained in the website”, it said. The OAGF stated that the IPPIS validation portal that was recently developed for updates of employees information was deployed for a period and after the exercise was over, the data were pulled out and the site shut down permanently.According to the statement, “the IPPIS Validation Portal was deployed on a secure platform. A secured database and application were purchased from the popular HELIX-FONS.”The Office acknowledged that the IPPIS is of utmost importance to Nigerian workers, thus it became imperative to assuage the fears of any loss or breach of employees personal data in the IPPIS database. The OAGF noted that the IPPIS has put in place necessary mechanism to resolve any problem that may arise in its operations and advised workers that observe anomalies in their salaries to follow the official procedures inorder to get such issues resolved.

Continue Reading

NEWS

Again, Inflation Drops to 32.15% in August

Published

on

Share

By Tony Obiechina, Abuja

Nigeria’s headline inflation dropped to 32.15 percent in August, according to National Bureau of Statistics (NBS) report

The report released on Monday said the inflation eased the second time in 2024 after a 19 month increase that peaked at 34.19 percent in June.

“Looking at the movement, the August 2024 headline inflation
rate showed a decrease of 1.

25% points when compared to the July 2024 headline inflation rate (33.
40).”

It however, said on a year-on-year basis, the headline inflation rate was 6.35 percent points higher compared to the rate recorded in August 2023 (25.80%).

“This shows that the headline inflation rate (year-on-year basis) increased in August 2024 when compared to the same month in the preceding year (i.

e, August 2023).

Furthermore, on a month-on-month basis, the headline inflation rate in August 2024 was 2.22%, which was 0.06% lower than the rate recorded in August 2024 (2.28%).

” This means that in August 2024, the rate of increase in the average price level is lower than the rate of increase in the
average price level in July 2024.”

The report added that food inflation rate in August 2024 was 37.52 percent on a year-on-year basis, which was 8.18% points higher compared to the rate recorded in August 2023 (29.34%).

It said the rise in food inflation
on a year-on-year basis was caused by increases in prices of; “Bread, Maize Grains, Guinea Corn, etc (Bread and Cereals Class), Yam, Irish Potatoes, Water Yam, Cassava Tuber, etc (Potatoes, Yam & Other Tubers Class), Palm Oil, Vegetable, etc (Oil & Fats Class) and
Ovaltine, Milo, Lipton, etc (Coffee, Tea & Cocoa Class).”

But on a month-on-month basis, the food inflation rate in August 2024 was 2.37 percent, a 0.10% decrease compared to the rate recorded in July 2024 (2.47 percent).

“The fall can be attributed to the decline in the rate of increase in the average prices of Tobacco, Tea, Coco, Coffee, Groundnut Oil, Milk, Yam, Irish Potatoes, Water Yam, Cassava Tuber, Palm Oil, Vegetable etc.”

It added that the average annual rate of Food inflation for the twelve months ending August 2024 over the previous twelve-month average was 36.99 percent, which was 11.98 percent points increase from the average annual rate of change recorded in August 2023 (25.01 percent).

Continue Reading

Read Our ePaper

Top Stories

NEWS1 hour ago

Gunmen Attack Police Station, Kill 2 in Anambra

Share The Police Command in Anambra says gunmen have burnt its station in Umunze, Orumba South Local Government Area, killing...

NEWS2 hours ago

IPPIS Data Base not Compromised, OAGF Assures Employees

Share By Tony Obiechina, Abuja The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s...

NEWS2 hours ago

Again, Inflation Drops to 32.15% in August

ShareBy Tony Obiechina, Abuja Nigeria’s headline inflation dropped to 32.15 percent in August, according to National Bureau of Statistics (NBS)...

NEWS10 hours ago

Imo: Police kill 3 Hoodlums in Attempted Police Station Attack

Share The Police Command in Imo on Sunday foiled an  attack by hoodlums on Njaba Local Government Area Divisional Police...

NEWS11 hours ago

INC Condemns killings During Youth Congress Elections

Share The Ijaw National Congress (INC) worldwide has condemned in strong terms the Sept.14 killings in Abuloma during the ljaw...

NEWS11 hours ago

Tinubu Committed to Improving Welfare of Senior Citizens –Alake

Share Dr Dele Alake, the Minister of Solid Minerals Development, has restated President Bola Tinubu’s commitment to improve the welfare...

NEWS11 hours ago

Lifting of Petrol from Dangote Refinery Marks Industrialisation – FG

Share The Federal Government has hailed the commencement of petroleum product lifting from the Dangote Petroleum Refinery and Petrochemicals, describing...

Education11 hours ago

Parents Protest Boarding Fees Increase in Lagos School 

Share Some parents of students of Oriwu Model College in Ikorodu on Sunday protested the sudden increase of boarding fees...

Federal Capital Territory High Court Federal Capital Territory High Court
NEWS11 hours ago

Federal High Court Resumes Tuesday After Annual Vacation

Share The Federal High Court (FHC) will, on Tuesday, resume its annual vacation. The annual vacation, which began on July...

NEWS11 hours ago

EFCC Detains 5 Chinese Nationals over Alleged Illegal Mining

Share The Economic and Financial Crimes Commission (EFCC) has apprehended five suspected Chinese illegal miners in Ndito-Eka-Iba village, Ibieno Local...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc