FG plans commodity board to regulate food prices – Newstrends
Connect with us

News

FG plans commodity board to regulate food prices

Published

on

Foodstuffs

FG plans commodity board to regulate food prices

The federal government plans to establish a National Commodity Board to solve the escalating food crisis in the country.

Vice President Kashim Shettima made this known on Tuesday at a two-day high-level strategic meeting on climate change, food systems and resource mobilisation in Abuja.

Mr Shettima explained that the board would be mandated to assess and regulate food prices and maintain a strategic food reserve for stabilising the prices of crucial grains and other food items.

Mr Shettima noted that food security was one of the eight areas of priority declared by President Bola Tinubu as part of his Renewed Hope Agenda.

This, according to him, led to the declaration of a state of emergency to curb the current food crisis facing the country.

He highlighted ongoing policy reforms by the administration to ensure food and water availability and affordability.

“Our solution to the potential food crisis has become immediate, medium, and long-term strategies.

“The short-term strategy entails revitalising the food supply through specific interventions like the distribution of fertilisers and grains to farmers and households to cushion the effects of subsidy removal.

READ ALSO:

“It also entails fostering collaboration between the Ministries of Agriculture and Water Resources for efficient farmland irrigation, ensuring year-round production, and addressing price volatility by establishing a National Commodity Board.

“This board will continually assess and regulate food prices, maintaining a strategic food reserve for stabilising the prices of crucial grains and other food items,” said the vice president.

He assured that the Tinubu administration was fully investing in restoring degraded land to solve the current food crisis.

Mr Shettima said, “There are ongoing plans to restore four million hectares, or nearly 10 million acres, of degraded lands within the nation’s borders as its contribution to the AFR100 Initiative.

He promised the current administration would engage security agencies to protect farms and farmers.

“We won’t only make it safe for farmers to return to their farms, but we will also ensure the activation of land banks.

“There are currently 500,000 hectares of already mapped land that will be used to increase the availability of arable land for farming, which will immediately impact food output,” he said.

Mr Shettima said the current administration was collaborating with mechanisation companies to clear more forests and make them available for farming.

He said the Central Bank of Nigeria will continue to play a major role in funding the agricultural value chain.

Earlier, Gloria Akobundu, the national coordinator of the African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD) Nigeria, commended Mr Tinubu for his efforts towards making Nigeria a great nation.

FG plans commodity board to regulate food prices

News

JUST IN: Police take over Rivers House of Assembly quarters

Published

on

JUST IN: Police take over Rivers House of Assembly quarters

About 30 armed policemen have taken over all the entrances to the House of Assembly quarters located along the Aba Road, Port Harcourt, Rivers state.

It was gathered that both the first and second gates to the lawmakers’ estate were safeguarded by the police with about 30 patrol vans used to block the entrances.

The development came shortly after the Martins Amaewhule-led House of Assembly claimed that the governor was planning to demolish the quarters following his recent surprise visit to the facility.

But the governor, Siminalayi Fubara, had explained that his visit to the estate on Thursday was harmless.

The governor said: “Is the Assembly quarters not part of my property? Is there anything wrong in going to check how things are going on there?

“You are aware of the developments. We have a new speaker, and I went there to see for myself how things are. There might be a few things I might want to do there for the good of our people.”

It was learnt that following the alarm raised by Amaewhule, the anti-Fubara lawmakers including some chieftains of the All Progressives Congress (APC) kept vigil around the estate till daybreak.

Armed policemen were seen barricading the gates on Friday to secure the facility.

 However, the Sim Media Volunteers (SMV) called on the Inspector-General of Police (IGP) to monitor the activities of policemen in the state and ensure they observed the rules of engagement.

READ ALSO:

The convener of the group, Frank Kilsi, decried the arrest and intimidation of the governor’s supporters by the police saying the development could lead to anarchy.

Kilsi, who spoke in Port Harcourt, on Friday, said: “We call on the Inspector-General of Police to rein in his men and exercise restrain by stopping the unnecessary attack or wanton arrest on any of the governor’s supporters, as further harassment could lead to anarchy and breakdown of law and order that may not do our state any good.

Kilsi appreciated the overwhelming support of Rivers people to Fubara and their decision to stand firm in defence of democracy despite challenges.

He said: “We, the youths of the state, under the aegis of SIM Media Volunteers, do hereby emphasize the need for peace, justice and development in Rivers State.

“We implore all relevant stakeholders such as the citizens, political leaders, traditional institutions, and law enforcement agencies, to ensure that the rights and freedom of the people are upheld and protected at all times.

“To this end, we would like to acknowledge and applaud the great youths of Rivers State for being peaceful and law-abiding even in the face of provocation”.

Kilsi commended the governor’s peaceful disposition and commitment to the security of lives and property in the state and asked him to continue on such a path of development.

He said Fubara’s commitment to the advancement of the state had opened up the space and the state for investors.

He said: “This is clearly justified by the forthcoming Rivers State Economic and Investment Summit slated as part of the first anniversary of His Excellency.

“It is obvious that detractors may not acknowledge this bold step that has eluded the state in the past, but with cutting-edge leadership imbued in fortified strategic procedures, our state is about to witness another season of economic prosperity.

“It is on this note that we want to address the sore losers of the inglorious October 30, 2023 impeachment plot against the governor to stop their callous, mischievous, and barefaced sabotage and evil against the governor and his government.

READ ALSO:

“We urge them to desist from every act of thuggery, banditry, and violence as well as subtle connivance with the police to harass, intimidate, arrest and incarcerate followers and supporters of Governor Fubara”.

Kilsi applauded the sterling leadership of Fubara commending his efforts to improve the state’s Internally Generated Revenue (IGR) from N12bn to N27bn within a year of his administration.

Describing the feat as unprecedented, Kilsi said it had singled him out amongst his contemporaries as he highlighted other developmental successes in human capital development, quality Infrastructure delivery, provision of the functional healthcare system, revamping of the educational sector, job creation, security and welfare of citizens.

“These remarkable achievements reflect Governor Fubara’s acumen and steadfast dedication to prudent fiscal management of resources, ensuring equitable and sustainable development of the state.

“We further seize this opportunity to commend the President, Bola Ahmed Tinubu for his painstaking efforts at actualising the renewed hope agenda for the nation”.

Kilsi backed the factional Speaker, Victor Oko-Jumbo, and Leader, Sokari Goodboy describing their emergence as a welcome development in the journey to liberate Rivers from the bondage.

He said: “Indeed, true redemption has begun in Rivers State and we shall stand firm as youths of our dear state to support the new leadership of the House and the indefatigable governor of Rivers State.

We are indeed gladdened by the news of our Leader and Governor of Rivers State rolling out drums to celebrate his one year in office beginning with the commissioning of projects on Tuesday, May 14, 2024.

“In fact, the exercise elates Rivers people because, despite the barrage of attacks and antics of detractors to distract His Excellency from delivering dividends of democracy to Rivers people, he has stunned them and set unprecedented records in the areas of infrastructure, social welfare, and economic development.

“Having evaluated the people-oriented leadership style of the Governor, which is centered on Rivers first and the growth and development of our dear state, we the youths of Rivers State hereby pass an absolute vote of confidence on the governor”.

JUST IN: Police take over Rivers House of Assembly quarters

The Nation

Continue Reading

News

BREAKING: Tinubu confers GCON national honour on Awujale

Published

on

Awujale and paramount ruler of Ijebuland, Oba Sikiru Adetona

BREAKING: Tinubu confers GCON national honour on Awujale

President Bola Tinubu has conferred the second highest national honour of Grand Commander of Order of Nigeria (GCON) on the Awujale and paramount ruler of Ijebuland, Oba Sikiru Adetona, for his immeasurable and invaluable contributions to national development.

Tinubu gave the honour at the 90th birthday ceremony of the paramount ruler held at the Oba Sikiru Adetona School of Governance, Olabisi Onabanjo University, Ago-Iwoye, Ogun state.
READ ALSO:

The president was represented by his Vice, Alhaji Kashim Shettima on Friday at the Olabisi Onabanjo University, Ago Iwoye, for a book presentation on “Reinventing Governance in Nigeria”, as part of activities marking his 64th coronation as a Paramount ruler and 90th birthday.

The President described Awujale as an extraordinary royal father and hero of Nigeria’s democracy who is adored all over the country for his sincerity of purpose and courage in the face of any adversity threatening national development.

The ceremony also featured the inauguration of Oba Sikiru Adetona School of Governance, Olabisi Onabanjo University, Ago-Iwoye, Ogun State.

BREAKING: Tinubu confers GCON national honour on Awujale

Continue Reading

News

Detained reporter Daniel Ojukwu regains freedom after public outcry

Published

on

Daniel Ojukwu

Detained reporter Daniel Ojukwu regains freedom after public outcry

Daniel Ojukwu, a dedicated journalist with the Foundation for Investigative Journalism (FIJ), has regained his freedom after enduring a harrowing period in police custody. Ojukwu’s ordeal began on May 1 when he was taken by police officers in Lagos under unclear circumstances.

For two days, his family and the FIJ were left in the dark about his location, until it was discovered that he had been transferred to the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) in Abuja. The Intelligence Response Team (IRT) of the Inspector General of Police later moved him to the Force Criminal Investigation Department (FCID).

READ ALSO:

The conditions for Ojukwu’s bail were initially stringent, but the tide turned when civil society organizations rallied at the Force Headquarters, demanding his immediate release. Their collective voice was heard, and Ojukwu was released on Friday.

Abimbola Ojenike, representing FIJ legally, expressed deep concern over the incident, labeling it “one of the most egregious cases of human rights violation and an abuse of police authority against members of the press.”

Detained reporter Daniel Ojukwu regains freedom after public outcry

Continue Reading

Trending

Skip to content