Connect with us

Agriculture

Why CBN Must Stop Forex for Food Import- Buhari

Published

on

Share

By Mathew Dadiya, Abuja with Agency Reports

President Muhammadu Buhari on Tuesday, said the directive to the Central Bank of Nigeria (CBN) to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security.

Buhari stated this when he hosted All Progressives Congress (APC) governors to Eid-el-Kabir lunch at his country home in Daura, Katsina state on Tuesday, according to a press statement by Malam Garba Shehu, the President’s spokesman.

According to the president, the foreign reserve will be used strictly for diversification of the economy and not for encouraging more dependence on foreign food.

“Don’t give a cent to anybody to import food into the country,’’ he said.

The President noted that some states like Kebbi, Ogun, Lagos, Jigawa, Ebonyi and Kano had taken advantage of the Federal Government’s policy on agriculture with huge returns in rice farming.

He, therefore, urged more states to plug into the ongoing revolution to feed the nation.

“We have achieved food security, and for physical security we are not doing badly,’’ he said.

Buhari said he was particularly delighted that young Nigerians, including graduates, had started exploring agric-business and entrepreneurship, with many posting testimonies of good returns on their investments.

He said the incoming ministers would be guided to meet the targets of the APC-led government for the people.

The president added that regular monitoring of their performances and scaling up of targets would be done by the Office of the Secretary to the Government of the Federation.

Buhari gave the assurance of attending the Presidential Policy Retreat organized for the ministers by the OSFG.

He insisted on compliance with laid down targets on key sectors of the economy that would directly impact on the livelihood of Nigerians.

In his remarks, the Chairman of the Nigerian Governors’ Forum, Gov. Kayode Fayemi of Ekiti, said the President’s sense of justice and fairness had been inspiring to governors.

He said the challenges faced by states “were enormous’’, but the governors had remained undaunted, assuring the President of strong support and “the very best effort’’ to overcome the obstacles.

The Chairman of the Progressive Governors Forum, Gov. Atiku Bagudu of Kebbi, appreciated the President for the unique leadership style of maintaining a healthy relationship with governors on individual and collective basis.

He stressed that they had been “energized’’ to do more in their states.

The governor commended the President for making bold and courageous efforts to reposition the economy for majority of Nigerians through inclusive policies.

“The country is more secure than in 2015, and the country is more prosperous than in 2015 because you are working for the majority of the people,’’ he added.

Bagudu said the party had been repositioned, after the 2019 elections, to work for the benefit of the majority of Nigerians, noting that “there will two elections this year and we need to work towards winning the two states.’’

Agriculture

Sallah: Ram Traders Lament Rising Preference to Cows

Published

on

Share

 Some ram traders in Lagos State have lamented the preference for cows to rams by Muslim faithful this 2025 Eid Kabir celebration.


The traders disclosed this in interview on Thursday in Lagos.

The traders said that most people prefer to buy cows than rams because of the size and the fact that five families could buy and share for the celebration.


“A ram trader, Mr Ibrahim Hassan, at the Lawanson area of the state, said patronage has been decent, but with an interesting twist.


“The patronage this year is not bad, but I have noticed that people are buying more cows than rams. I believe the reason behind this shift is that cows are more economical and offer better value for money.


“When families or even groups of friends come together, they can share a cow and still fulfil the sacrifice. That way, instead of each person buying a ram for over N500,000, they split the cost.


“The cheapest cow you can get right now is around N800,000, while the cheapest ram starts at about N550,000. Prices also vary depending on the size and weight of the animal.


“I have contacted my sources for more cows, but the market price has gone up since last week. It’s a volatile market, and prices can change quickly,” Hassan said.
Also, Mr Shakiru Gbadamosi, another ram seller at Lawanson, said he noticed that “people are weighing their options this Sallah, and they have been buying  more of cows”


“I was surprised to see some buyers turning to cows, and this trend has been on for weeks. Although many still prefer rams for Sallah because it’s about tradition and religious significance.


“The ram is the symbolic animal for the sacrifice, and that’s not something easily replaced.
“Prices have gone up this year, a decent ram now costs between N550,000 and N700,000 depending on the size and breed. But despite that, the demand remains steady.


“Some people have been buying younger rams because they are less expensive but still acceptable.


“The younger rams are sold for between N130,000 and N250,000,” Gbadamosi said.
A buyer, Mr Folajimi Aderibigbe, who confirmed the trend, said buying a cow seems like a better option.


“We are a family of eight, and instead of buying two small rams, we joined with my brother-in-law and bought a cow. It cost us N950,000, but we split it. Everyone still gets to perform their sacrifice and save money.


“Traditionally, rams are the preferred animal for Eid Kabir (Sallah). However, economic realities have changed things, and we must find a way to adapt,” he said.

In a related development, vegetable oil traders said they have observed increased patronage due to the Sallah celebration.


Mrs Linda Nwachukwu, a cooking oil trader at the Lawanson Market, said the demand for cooking oil had increased because of preparations ahead of Sallah.


“The celebration usually increases the demand for groundnut oil. Consumers have been stocking up oil since last week, especially now that there are few days to Sallah.


“Cooking oil prices have risen, but it is cheaper than last December, a 25-litre container cost N110,000, a price that persisted until April 2025.


“A recent price adjustment, just three weeks ago, sets the current rates for groundnut oil at N78,000 for 25 litres, N35,000 for 10 litres, and ₦18,500 for five litres.”


“This is unusual, groundnut oil prices normally surge in December and then decrease by January or February, but it stayed high for a long time,” she said.


Another trader, Mrs Imoleayo Fakunle, said she buys in larger jerrycans and sell in measured portions to customers who cannot afford bigger sizes.


“Not everyone can buy 25 litres or even afford the branded ones, so as a vendor, what I do, is to buy in larger containers and sell in small portions.


“Groundnut oil is expensive, but it is essential. A lot of customers have been buying the measured portions, and they are always happy that they can save money.


“Despite rising prices, customers prioritise the essential ingredient for their celebrations,” she said.


Mrs Taraoluwa Alausa, a consumer at the Idi-Araba Market, said she had learned to prioritize when buying cooking oil since the increase in the price of groundnut oil.

“I purchase measured portions of oil specifically for frying and use a good branded oil for general cooking.


“Lately, I have become more conscious about the type of oil I use. I want something natural and less processed. It’s a bit pricier, but I think it’s good for healthy living.


“However, for this celebration, there is going to be an exception because I will be frying with the measured portions I bought. This way, I can save more and even fry more,” Alausa said. (NAN)

Continue Reading

Agriculture

Tiv Monarchs Give Herders Ten Days Ultimatum To Vacate Tiv Kingdom

Published

on

Share

By David Torough, Abuja

The Tiv Area Traditional Council during its emergency meeting held yesterday in the palace of the Tor Tiv in Gboko requested the Governor Hyacinth Alia led administration to create an enabling environment to allow herders’ peaceful exit of farmlands in Tiv Kingdom to facilitate resumption of farming activities.

Consequently, the Council directs political and traditional rulers in each local government area of Tiv Kingdom to peacefully engage the herders to ensure their exit from the local government areas to allow farming resumes.

The Council which was chaired by the Tor Tiv himself, HRM Prof James Ortese Iorzua Ayatse CFR equally appealed to all herders in Tiv Kingdom in Benue State to vacate all Tiv lands before the end of May 2025 to allow farmers return and cultivate their farms in order to avoid the looming hunger in Nigeria.

According to a Communique signed by the Secretary of the Council Mr Shinyi Tyozua which deliberated particularly on the security situation in Tiv Kingdom the Council enumerated the communities worst affected to include those in Kwande, Katsina Ala, Logo, Ukum, Guma, Makurdi, Gwer West Gwer East and Buruku Local Government Areas.

The Council lamented that farming activities in the kingdom have ceased due to the occupation of farmlands by herders for grazing and attacks and killings of farmers who fled stressing that if the situation continues it will ultimately result to hunger in Tiv Kingdom and Nigeria as a whole.

Continue Reading

Agriculture

Ondo Govt. Destroys 200kg Seized Cocoa Adulterants

Published

on

Share

The Ondo State Government, on Thursday, destroyed 200kg adulterants used for adulteration of cocoa beans, seized from a merchant in Ondo West Local Government Area of the state.

Mr Segun Odusanya, Permanent Secretary in the Ministry of Agriculture and Forestry (Forestry and produce sub section), supervised the destruction of the 200kg bags of seized adulterants.

Odusanya explained that the destruction was part of government efforts to ensure that the state maintained quality cocoa production in the country.

“Mr governor, Lucky Aiyedatiwa, has reiterated the commitment to ensure the state remains the highest producing state with good cocoa quality

“Anyone caught engaging in illegal activities will be prosecuted accordingly.

“Moreover, this action was embarked on to warn cocoa merchants, who intend to engage in illegal activities, to rethink before getting into it.

“We are going to seal any store caught in such illegal activities, the products will be burnt while the merchant will be prosecuted according to the laws of the land.

“If we are saying we are the highest cocoa producing state and we continue  to encounter this scenario, it will give us a bad publicity.

“The bad publicity will be in the country and extend to the international market, and we don’t want that,” he said.

The permanent secretary, therefore, commended Aiyedatiwa for graciously approving the recruitment of 60 new staff to checkmate the activities of cocoa merchants in the state.

“Mr governor has supported us, he has said we should recruit more people to guide against any adulteration and ensure we have a good quality cocoa beans.

“I must commended our task force committee for ensuring that the state holds its position in the country and the international market,” he said.

Earlier, Mr Tunji Akinnadeju, a Director of Produce (DP3) in the Grading and Allied Department of the ministry, said the adulterants were intercepted at Ondo West Local Government Area of the state.

Akinnadeju said that the owner of the adulterants took to his heels at the time of arrest.

“As we all know that cocoa is being sold in weight and after adding all these things, it will be sold at high prices, which is not good enough.

“So, doing that will bring a lot of damage to the image of the state and the country at large in the international market,” he said.

Also, Mr Sunday Adegbola, a Director of Produce Licensing in the ministry, said the merchants’ actions could affect people during consumption of the cocoa products, if care was not taken.

Adegbola, who pledged that the ministry would not rest until the state was free from adulterated cocoa beans, said the nefarious action could be attributed to the price tag at the international market.

“It is the price at the international market and the price is better for the farmers, not for the people who use adulterants.

“With this action, many people will drink cocoa as a chocolate powder and other materials from cocoa beans which has been adulterated.

“The consumption of these chemical products will also affect humans,” he said. (NAN)

Continue Reading

Read Our ePaper

Top Stories

CRIME3 hours ago

Police Arrests 42 Armed Bandits, Remands 10 Herders over Benue Killings

Share…’Religious Bandits Fueling Crisis’, Alia Insists From Attah Ede, Makurdi The Benue State Police Command said it has arrested 42...

Health3 hours ago

Lassa Fever Death Rate Rises as Cases Spread — NCDC

ShareThe Nigeria Centre for Disease Control and Prevention (NCDC) has reported a rise in the fatality rate of Lassa fever,...

Economy5 hours ago

CBN Takes Steps to Strengthen Banking Sector, Issues Routine Transitional Guidance

ShareThe Central Bank of Nigeria (CBN), has introduced time-bound measures for some banks still completing their transition from the temporary...

Economy5 hours ago

Cybercrime: First Bank Invests N15bn to Protect Systems From hackers in 5 months –CEO

ShareFirst Bank HoldCo Plc says it has spent more than N15 billion to protect its systems against criminals between January and...

JUDICIARY5 hours ago

Man Seeks Divorce After 17 years, Citing Loveless Marriage

Share One Moshood Kolobo of Temidire Community, Oko-Olowo area, Ilorin, on Wednesday applied to the Area Court, Centre-Igboro, for the dissolution...

Economy5 hours ago

GTCO Begins Deduction of USSD Fee From Airtime Balance

ShareGuaranty Trust Holding Company (GTCO), says it will begin the deduction of Unstructured Supplementary Service Data (USSD fee from the...

CRIME5 hours ago

Man Remanded for Allegedly Raping Physically Challenged Teen

Share An Ikorodu Chief Magistrates’ Court on Wednesday remanded a 50-year-old man, Linus Anozie, in a correctional center for allegedly...

General News6 hours ago

Amazon CEO Says AI to Reduce Number of Workers Needed

Share Amazon’s management on Wednesday said that it expects that artificial intelligence (AI) software will reduce the number of office workers...

JUDICIARY6 hours ago

Police Arraign Man Over Alleged Assault 

Share The Police in Lagos on Wednesday arraigned a 36-year-old man, Joseph Obuseh, in a Badagry Chief Magistrates` Court for allegedly...

DEFENCE7 hours ago

Police Grant Pastor Adefarasin Bail, Recover Stun Gun

ShareThe Police Command in Lagos State says it granted Pastor Paul Adefarasin, the Senior Pastor of House on the Rock...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc