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Local patronage, the escape from recession-buhari

Local patronage, the escape from recession-buhari

LOCAL PATRONAGE, THE ESCAPE FROM RECESSION-BUHARI

BY OMOKHUALE PUAH
The president of Nigeria Muhammadu Buhari says his greatest desire is to guide Nigeria into becoming an export based economy.

He made this remark on Monday at the 22nd Nigerian summit in Abuja, urging Nigerians to develop interest in indigenous products.

In accordance to his remark, there is no way we can achieve this without building the right economic foundation of patronizing our own products.

In the voice of the President,”My desire is that Nigeria moves from depending on imported goods to self sufficiency in local productions, becoming an export-led economy in goods and services “he said.

“Nigeria really has to diversify its economy so that we will not have to rely on another country to survive; we could produce our food, our textiles and other things we use, also creating the right environment for the young people to be able to benefit and create job through technology”.

According to President Buhari, who lauded the theme of the summit, ‘made-in-Nigeria’ “This theme continues to be a priority to the government and has been part of the many efforts made by the administration, to lay a solid foundation for the future” he clearly stated.

The minister of Budget and national planning, Senator Udoma Udo Udoma added that the summit would allow dialogue for both the private and public sector, since the public sector is beginning to accept the private sector as true partners in the development of Nigeria.

According to Senator Udoma, the government was already implementing policies focused at getting rid of the current economic recession.

In Udoma’s words, “Already, our focus is on agriculture which is beginning to yield fruit. This is an indication that there is a large growth upcoming in this third quarter.

“Even after we get out of recession, we would hold on to the implementation of our strategic implementation plan, which was launched by the government when the 2016 budget was signed into law.

“This plan will restructure our economy to the path of sustainable development as the SIP is anchored on the commitment of this administration to create a largely diversified, sustainable and inclusive economy that releases the latent potential of the Nigerian people, communities and natural resources endowment across the nation’s federating states”. He added.

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Fg guarantees fall in rice price

Fg guarantees fall in rice price

FG GUARANTEES FALL IN RICE PRICE

BY OMOKHUALE PUAH

The Federal government had on Monday said that the price of rice would fall in November this year.

This statement was made by the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, during an address to the members of the Senate Committee on Agriculture and Rural Development at the ministry headquarters, in Abuja.

This statement was prompted by the decision of the government; the delay in the approval of the 2016 budget has made it impossible to implement the capital expenditure in the agricultural sector.

He stated that due to the rise in the price of rice, most Nigerians have returned to their various farms which make the price of rice at the next harvesting season, begin to crash.

Minister Ogbeh who stated that the government could not be involved in the importation of rice as speculated in some quarters, insisted that his ministry would not encourage rice importation because it would be preferred, to local production.

He further said that the Federal government was against the smuggling of rice, noting that the Borders of Seme has become a famous route for such contraband smugglings into the country.

In his words “We will not encourage the importation of rice, neither would the government in anyway be involved in it, because we are working really hard to be self-reliant in local production. By November, during the full scale harvest, the price of rice will fall” the minister said.

Though early last month the government warned that the price of rice could hit N40, 000 per bag as it still currently sold at N20, 000 per bag.

Senator Heineken Lokpobiri, the minister of state for Agriculture and Rural Development said that the $22bn annual food import bill had led to the sudden rise in the price of rice and other farm produce.

The state Minister of Agriculture maintained that if Nigerians failed to produce some of the items before the year ends, the price of rice would hit N40, 000 per bag.

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Famine, flood and waterborne disease attacks delta coastline

Famine, flood and waterborne disease attacks delta coastline

FAMINE, FLOOD AND WATERBORNE DISEASE ATTACKS DELTA COASTLINE

BY OMOKHUALE PUAH

Delta State Coastline, Local government areas of Patani, Momadi and a part of Burutu has been crammed by famine and waterborne diseases.

Following this devastation of famine and water contamination by the perennial flooding, which overflows its banks, a community leader from Patani, Chief Richman Yinbiri, spoke with correspondence.

He said that farmers from Patani, Aven, Agaloma, Abare and Angiama were taken unexpectedly by the magnitude of the flood, making it difficult for them to rescue their various crops from the farmland.

According to Yinbiri, the situation was so tough; the water current became so high to an extent that it was announced within the vicinity that no one should venture into the high tide and such current areas to uproot tuber crops to avoid being drowned.

In the words of Yinbiri “because of the strict monitoring and compliance, most families are almost dying of starvation and even the few basic food items that managed to get into these affected areas such as garri, plantain, cocoyam, pepper and other farm produce have extremely increased in price”, he explained.

Bomadi Council Area has no difference in situation, as most of the communities including Ogriagbene, Esanma, Ogbein-ama, Akugbene, Okolaba and Ogo-Eze communities, with majority of their locals as farmers and petty fishermen were badly hurt by the flood, which out banked the River Forcados and River Ramos.

The immediate past community chairman of Esanma, Mr. Oyas Omoro, said that the flood did not only render Esanma residents homeless, but had also brought the waterborne diseases to the entire Delta Coastline communities.

Mr. Omoro complained in his voice “the only source of drinking water has been contaminated by the flood.

“To make things worse, the only accessible road linking this community with Gbaregolor has been cut off by the flood”, he said.

In addition, Mr. Omoro pleaded with the State Government and other well meaning Nigerians to come in aid of the Delta Coastline communities.

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NIGERIA SECURES JOB FOR 45 MILLION NIGERIANS

NIGERIA SECURES JOB FOR 45 MILLION NIGERIANS

NIGERIA SECURES JOB FOR 45 MILLION NIGERIANS

By OMOKHUALE PUAH

The federal minister of agriculture and rural development, Chief Audu Ogbeh has said, that the country targets over $5 billion annually from the production of cassava, few years from now.

This was stated at the National Cassava Summit, on Thursday in Abuja, with the theme: “Toward $5 billion per Annum Cassava in the next five years”.

Chief Ogbeh said that Nigeria has neglected agriculture since 30 years, despite the fact that the industry has the potential of employing more youths into agriculture and improving foreign exchange.

He further expressed concern towards the number of farmers in the country and their access to credit facilities, promising that the government would enhance and boost the Bank of Agriculture(BOA) so that farmers could access such facilities at five or six percent interest rate.

According to the Minister of Agriculture and Rural Development, “Most commercial banks give loan to farmers at a very high interest rate of about 28 and 30 percent, so how do farmers cope?.

“Rural roads needs rehabilitation as most of them is bad, preventing proper transporting of farm products. Our budget is too small to be considered for a road construction and so the government ought to be undoing in fulfilling their duties” he added.

Chief Ogbeh urged the International Institute of Tropical Agriculture (IITA) and other research institutes, in his words ”ensure vitamins are included in cassava, during the next research work, to balance the contents in cassava and for other benefits”, He said.

Prof. Lateef Sani who was present at the summit, from the University of Agriculture, Abeokuta, said in his statement that “agriculture in Nigeria has the ability to make jobs both within and outside the country, through its necessity.

“In the year 2021, the cassava industry should represent $5 billion, generate millions of job both within and outside Nigeria, create wealth for millions of Nigerians and spur rural industrial development” he placed a target.

 

In a keynote address, made by Mr. Alfred Dixon of the International institute of Tropical Agriculture, it was stated that Nigeria is confronted with rapid growth in population and consistent rise in urbanization, with a high demand of food and feeds for livestock.

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Billions of Dollars trapped abroad

Billions of Dollars trapped abroad

BILLIONS OF DOLLARS TRAPPED ABROAD

 

By: Omokhuale Puah 

The Lagos chamber of commerce and industrial director for research and advocacy, Vincent Nwani has disclosed that the $10 billion proceeds from agriculture, sold and manufactured by Nigerians are in the hands of countries abroad, due to our unreliable policies.

This was stated at the stakeholder’s dialogue on the manufacturing sector of Nigeria during her presentation of findings, organized by NOIPOLLS in collaboration with the centre for the study of the economies of Africa, yesterday at Abuja.

Mr. Nwani called for an urgent review of such unfavorable policies as, restriction of 41 items from access to foreign exchange and high interest rate affecting businesses in the country.

In his speech, “the $10 billion dollars proceeds could only be repatriated if the federal government creates a better and more confidential perception in the agricultural and industrial sectors, because the deficiency in Nigeria’s foreign exchange has stalled exportation in the income of dollar. 

“Nigerians in homogeneity contributed $23billion dollars to the economy, which fell to $5billion last year and if proper care is not taken, it could still fall for as low as $3 billion dollars this year, due to the country’s unreliable policies.

He also pointed at the fact that the manufacturing sector is the worst hit among other sectors in Nigeria’s economy. He also pleaded with the Central Bank of Nigeria, to return the 16 imported item that were banned from enhancing valid forex.

 

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