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Low Mechanisation, Weak Currency Trigger Beans Price Hike

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Low mechanisation in the agriculture sector as well as weak local currency to support importation have triggered over 70 per cent hike in the price of beans across the country, a LEADERSHIP Weekend investigation has revealed.

Across major markets in Lagos, Ogun, Oyo, Abuja among other parts of the country, the price of beans has increased astronomically in the last few months.

Our findings revealed that a small bag of honey and drum beans, which is previously sold at N7,500 is now sold at N45,000 while the big bag earlier sold at N15,000 now hovers between N90,000 and N100,000.

Similarly, a derica (big tomato tin) of beans sold earlier in the year at N200 now goes for N700.

Although, insecurity contributed to shortage of beans which triggered the price, low mechanisation and weak local currency were also identified as key determinants of the price surge.

Speaking on this development, the president, All Farmers Association of Nigeria (AFAN), Arch. Kabir Ibrahim, attributed it to lack of mechanisation to enhance production and weak local currency to support importation.

Ibrahim said because the demand gap is so huge, the cost had continued to rise as insecurity has forced farmers out of their farms.

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FG declares public holiday to mark Eid-ul-Mawlud

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The Federal Government has declared October 19 as a public holiday in commemoration of the birth of the Holy Prophet Muhammad.

This was contained in a statement issued by the Permanent Secretary, Ministry of Interior, Shuaib Belgore, on Friday.

The statement stated that the Minister of Interior, Rauf Aregbesola, made the declaration on behalf of the Federal Government.

Aregbesola congratulated all Nigerian Muslim faithful, both at home and in the diaspora, on the occasion of Eid-ul-Mawlud.

He admonished Nigerians to imbibe the spirit of love, patience and perseverance which were the virtues of the Holy Prophet, as doing so would guarantee peace and security in the country.

Read Also: https://newstrends.ng/2021/10/16/competence-not-zone-should-determine-next-presidents-choice-bakare/

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The minister enjoined Nigerians, particularly Muslims, to refrain from violence, lawlessness and other acts of criminality.

“As the indisputable leader of our race, we (Nigerians) must show responsible leadership in Africa,” he said.

Aregbesola called on Nigerians to refrain from all divisive tendencies capable of causing crisis in the country.

He also urged Nigerians and the youth in particular, to embrace the virtues of hard work and peaceful disposition to fellow humans.

“Irrespective of faith, ideology, social class and ethnicity I urge you to cooperate with President Muhammadu Buhari’s administration  in its effort to build a progressive and enviable nation that all citizens would be proud of,” he said.

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FG establishing oxygen plants in 36 states – NEC

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The National Economic Council (NEC) says the Ministry of Health is establishing oxygen plants across the 36 states of the federation.

Ebonyi State Governor David Umahi made this known to State House correspondents after a virtual NEC meeting on Friday presided over by Vice President Yemi Osinbajo.

Umahi said that Governor Ifeanyi Okowa of Delta, who chaired the NEC Ad hoc committee interfacing with the Presidential Task Force (PTF) on COVID-19 to ease the lockdown of the economy, presented a report to the council.

“The Federal Ministry of Health is establishing oxygen plants across the 36 states in the country, but currently six states have been provided with oxygen cylinders so far.

“The Federal Government has paid for 40 million doses of COVID-19 vaccines coming in batches and therefore a considerable amount of the vaccines will come into the country between now and January 2022. Nigeria is now classified among the 50 countries in the green zones.”

Umahi said that NEC also received states’ performance report on COVID-19 from the National Centre for Disease Control (NCDC).

He said that the council was also updated on the global situation of COVID-19.

He said, “Over 237 million confirmed cases and over 4.8 million deaths due to COVID-19. There are now over 6.3 billion vaccine doses administered.  Nigeria is still in the first wave of vaccination and vaccination tools will improve as the country receives additional vaccines. COVID-19 cases have declined by 7.5 per cent over the last week.”

Umahi said that states were urged to continue to push testing activities in order to detect new cases before the situation worsened.

According to him, an update on travel restrictions on certain countries expected to be announced soon by the Federal Government.

The governor said that the council also received an update on the situation regarding Cholera outbreak.

“Current Cholera situation in the country; suspected number of cases   is 88,704. Number of states is 31 and the FCT. Number of deaths is 3,208.

“Multi-sectoral emergency operation centres activated at level 2 continues to coordinate the national response,” he said.

He listed the challenges to include difficulty in accessing some communities due to insecurity, open defecation and lack of potable drinking water.

Umahi said other challenges were lack of basic health primary healthcare infrastructure, inadequate health facility and cholera commodities for case management.

Umahi said that NEC commended the insightful presentations and congratulated the outgoing Director-General of NCDC, Dr Chikwe Ihekweazu, on his new appointment at the WHO and also welcomed the incoming Director-General, Dr Ifedayo Morayo Adetifa.

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Bakare meets with Buhari, opposes clamour for power rotation

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Founder of Citadel Global Community Church, Tunde Bakare, says the region to produce the president of Nigeria should not be an issue.

He stated this in Abuja on Friday during an interaction with reporters at the presidential villa after meeting President Muhammadu Buhari, noting that Nigerians are only bothered about a leader that would ensure the prosperity of the country.

The pastor said the “immaturity” of the citizens is responsible for “making us say power must either be in the North or be in the South, instead of looking for the best.

“Listen to me, if where the President comes from will make the place he has come from to be better, the northern part of Nigeria should be richest and the most progressive and the most developed because out of 61 years, the North has produced either the President or heads of state for 40 to 41 years and yet, see the retrogression in the North.

“If it’s from the South, why should a person like President Obasanjo freeze and seize the account of Lagos State in his own tenure? If it’s from South-South or South-East, why couldn’t President Jonathan use all his powers to develop South-South/South-East?

“If there are agreements between politicians on rotation, a bargain is a bargain. That is between them. But as far as this country is concerned, what we need at this stage is a man who can drive us to the Eldorado.”

The pastor commended the national assembly for empowering the Independent National Electoral Commission (INEC) to determine the mode of transmitting election results.

“Perhaps one of the best things the present national assembly has done, especially the senate, because, with that, Nigerians can vote and then results can be transmitted so easily,” he said.

“Not only that, part of the state of the nation address that I did on October 10, I emphasised how Nigeria youth, especially undergraduates, are disenfranchised in our country.”

 

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