News

FG begins sale of 50kg bag of rice for N40,000

Published

2 weeks ago

September 6, 2024

FG begins sale of 50kg bag of rice for N40,000

Amid squeezing hunger across the country, the Federal Government, Thursday, flagged off the sales of 30,000 metric tonnes of milled rice at N40,000 per 50kg bag to Nigerians as a measure to cushion the impact of high food prices that have persisted for over one year.

The Minister of Agriculture and Food Security, Senator Abubakar Kyari, did the flag-off of the rice sale at the Ministry’s headquarters in Abuja.

Kyari said: “It is indeed my pleasure to welcome you all to this historical, all-important, and long-awaited flag-off of the sales of 30,000 MT of FGN milled rice to Nigerians at a subsidised rate of N40,000 per 50 kg.

“This kind gesture was made possible at the expense and directives of the President and Commander in Chief of the Federal Republic of Nigeria, His Excellency, Asiwaju Bola Ahmed Tinubu, GCFR, who does not want Nigerian citizens to go to bed hungry and, in his wisdom, deemed it important to initiate this food intervention.

“We are all aware that in the recent past, precisely aftermath of COVID-19, and due to the Russian-Ukraine war, the climate change, amidst other localized factors/challenges, food prices, farm yields, and food chains, were distorted globally, and Nigeria is not an exception.

“This has led to increased concern and risk of food insecurity and general decline in the standard of living globally. I therefore urge us to understand that the present challenges are not peculiar to our great country.

“This food intervention can be said to be timely considering the times and challenges we are in as citizens of this great nation.

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“As one of the numerous efforts of the present administration to cushion the effect of high cost of food commodities, kindly join me to applaud the immense efforts of the present administration, such as the release of 42,000 MT of Assorted Food Commodities (AFC) to vulnerable and the 30,000 MT of milled rice that is being flagged off for sales to Nigerians today, 5th September, 2024.”

However, the Minister said to make the sales more transparent and well monitored, saying, “The Federal Government, being aware of the potential challenges associated with the sales of an important staple such as rice, at this critical period has deployed a multi-disciplinary machinery of government, as well as put in place certain processes and conditions to ensure the transparency, wider reach, and success of this exercise.

“This includes one man and one 50 kg of rice; others are the verification of intended beneficiaries using relevant identification mediums such as the National Identification Number (NIN) and phone numbers to forestall multiple access to this food commodity by fraudulent individuals at the detriment of other citizens.

“In view of the above, I therefore urge our dear citizens to cooperate with the relevant agencies of government who will try to serve you to achieve this great initiative of government.

Meanwhile, he appealed to Nigerians to support the Tinubu administration, “Let us work together to ensure that the dream of the present administration to uphold the fundamental right to food for all Nigerians is achieved.”

He expressed optimism that “it is expected that with the injection of 30,000 MT (1000 trucks of 30 MT each) of this important staple into Nigeria’s food balance sheet, it will not only crash the price of rice but also other closer food substitutes and alternatives.

“On behalf of the President and Commander-in-Chief of the Federal Republic of Nigeria, His Excellency Asiwaju, Bola Ahmed Tinubu GCFR, I hereby flag-off the sales of the FGN-milled rice to Nigerians at a subsidised rate.

“I sincerely also wish to use this opportunity to encourage Nigerians to remain steadfast and be patient with Mr. President as his numerous efforts to enhance food security will soon begin to pay off.”

FG begins sale of 50kg bag of rice for N40,000

News

School teachers begin indefinite strike in Abuja

Published

9 hours ago

September 18, 2024

Trends Admin

School teachers begin indefinite strike in Abuja

Teachers in government-owned schools across the Federal Capital Territory (FCT) have started an indefinite strike. This action follows the expiration of a 14-day ultimatum issued by the Nigeria Union of Teachers (NUT), FCT Chapter, to the six area councils in the territory.

On Wednesday, pupils who arrived at school were sent home by their teachers upon reaching the school gates, leaving them disappointed.

Comrade Ameh Baba, the NUT Chairman in Kubwa, confirmed the strike, explaining that it was initiated to push for the payment of 60 percent of the minimum wage arrears owed by the area councils.

He also criticized the councils for failing to implement the payment of 40 percent peculiar allowances and the 25 percent and 35 percent salary increments for teachers.

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Comrade Ameh stressed the importance of primary education as the foundation of human development and urged the government to treat the matter seriously.

The union warned that if the government does not respond within seven days, they will escalate the strike by picketing the area council secretariats and organizing protests, with secondary school teachers joining in solidarity. He also noted that the strike would impact Junior Secondary School 1 students, as their results are due for release.

School teachers begin indefinite strike in Abuja

News

Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND

Published

9 hours ago

September 18, 2024

Trends Admin

Managing Director of NELFUND, Akintunde Sawyerr

Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND

The Nigerian Education Loan Fund (NELFUND) has announced the resolution of a technical issue that disrupted the BVN (Bank Verification Number) verification process for students applying for loans.

The issue, which began over the weekend and persisted through the public holiday, caused delays for many applicants.

In a statement posted on NELFUND’s official X (formerly Twitter) account on Wednesday, the organization confirmed that the issue had been fully resolved by Tuesday morning. NELFUND advised all affected students to log back into the portal, complete their BVN verification, and proceed with their loan applications.

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“Dear Students,

“We have observed that many of you experienced issues with BVN verification while applying for the student loan over the last weekend, including the public holiday.

“We are pleased to inform you that the issue has been addressed and fully resolved as of yesterday morning.

“We kindly advise all affected students to log back into the portal, complete the BVN verification process, and proceed with your loan application,” the statement read in part.

NELFUND also expressed gratitude to students for their patience during the disruption and reassured them that the application process can now continue smoothly without further issues.

Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND

News

Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends

Published

10 hours ago

September 18, 2024

Trends Admin

Former President Olusegun Obasanjo

Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends

Former President, Olusegun Obasanjo, has recounted how the former military Head of State, Gen. Abdulsalami Abubakar (retd), almost shortchanged Nigeria in a lucrative telecommunications deal.

Obasanjo revealed that Abdulsalami almost robbed Nigeria of a $280 million deal during nation’s transition to mobile telecommunications.

Obasanjo said when Nigeria was about to make the switch from landline telephones to mobile phones, some major telecommunication companies approached the country and promised to provide mobile lines for the citizenry, but Abubakar wanted to award the deal to his friends for $3 million.

The former President, however, said he suggested that the contract be made public for investors to bid and the highest bidder was awarded the contract, leading to the $280 million sale.

He made the revelation at the launch of a book titled ‘The Catalyst: Nigerian ICT Evolution through a Journalist’s lens,’ authored by an immediate past Editor of The PUNCH Newspapers, Mr Dayo Oketola, in Lagos.

He also disclosed that he was able to get Etisalat to pay $450 million to get the licence to operate in Nigeria.

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Speaking at the event, Obasanjo said: “The story of telecommunications, particularly mobile telecommunication, is a very interesting one. Before mobile telecommunication, we had spent a lot of money, we had all sorts of companies invited from America, France and even from Britain, but we did not get more than 500,000 lines. People had to queue at the telephone kiosk to call their loved ones abroad. And then, of course, the mobile telephone age came in.

“When it came in, my predecessor in office was trying to give it away, I think, to their friend for $3 million. Then we said, what we would do was to auction it. The three that came in first, I think, paid $280 million for the line. $280 million for something about to be given away for $3 million. That was the first thing we did. Not only that, we achieved competition.

“The three of them were competing. And, of course, the one that had the upper hand in terms of spread, I think, was MTN, followed by Glo. And then, there was Econet. They are now Airtel. And then, of course, later on, we had the fourth one, Etisalat. When Etisalat came, I told them the last one we did was $280 million. We told Etisalat to pay $450 million. They did.

“When they paid $450 million, the ball went in the post and then we were playing. That was how we got money to do what we did at the time we did it. That opportunity can still be made available. The money to develop Nigeria is out there, but that money will not come in unless we create a conducive atmosphere for that money to come in.

“What we did or what Nigeria has done in the good days when things were going well, are still there and can still be done today only if we put ourselves and we are honest to ourselves. We have to show character and attitude.”