Nigeria now relies on ‘war-torn’ Ukraine for food assistance – Obi bemoans economic hardship – Newstrends
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Nigeria now relies on ‘war-torn’ Ukraine for food assistance – Obi bemoans economic hardship

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2 months ago

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Peter Obi

Nigeria now relies on ‘war-torn’ Ukraine for food assistance – Obi bemoans economic hardship

Peter Obi, the Labour Party’s candidate in the 2023 presidential election, expressed his dismay at the prevailing economic difficulties, noting the troubling fact that Nigeria is now dependent on Ukraine, a country ravaged by war, for food aid.

Obi, who made this statement on Monday, recounted times when the Nigerian economy was faring better than that of Ukraine in 2015.

According to the former Anambra State governor, Ukraine’s GDP per capita was $2125 in 1025 while that of Nigeria was $2680.

Meanwhile, he noted that in 2022, the reverse had taken place, with Ukraine’s GDP per capita exceeding $4000, while Nigeria’s declined to $2184.

For Obi, this regression in economic growth is attributed to a failure in leadership over the years, adding that Nigeria has remained unproductive since 2015.

  • “It is disheartening that our once economically confident nation, blessed with vast arable land and abundant natural resources, now relies on a war-torn Ukraine for food assistance.
  • “This national disgrace stems from years of leadership failure, necessitating urgent reflection and a reordering of our national priorities and resource management and allocation.
  • “Instructively, Ukraine, with a population of 43 million on 603,728 km2, outshines Northern Nigeria, covering 744,249 km2 with a young, energetic population exceeding 100 million.

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  • “In 2015, Ukraine’s GDP per capita was $2125, compared to Nigeria’s $2680. By 2022, despite being at war, Ukraine’s GDP per capita exceeded $4000, while Nigeria’s regressed to $2184.
  • “Ukraine cultivates over 60% of its arable land, whereas Nigeria has over 60% uncultivated arable land. Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $ 25 billion which is about the same value as our crude oil export earnings, and it serves as a strategic global food supplier, even providing aid to a peaceful yet unproductive Nigeria,” Obi said.

What you should know

Earlier, Nairametrics reported that Ukraine has donated 25,000 tons of wheat to Nigeria, in a move it says will help tackle the emergency food crisis affecting over 1.3 million people in northeast Nigeria.

  • The development is part of the United Nations World Food Programme’s (WFP) response in northeast Nigeria amidst inflation and food price spikes.
  • The contribution is also part of Ukraine’s humanitarian “Grain from Ukraine” initiative launched by President Volodymyr Zelenskyy.
  • The shipment was made possible through the collaborative effort from the United Kingdom, Canada, Denmark, Finland, France, Luxembourg, Norway, the Republic of Korea and Sweden, which has helped cover the costs of transporting the wheat from Ukraine to Nigeria and its distribution to the families who need it.
  • According to WFP, deadly conflicts in Nigeria have displaced millions of households from their homes and farmlands which negatively affected food production and supply.

Nigeria now relies on ‘war-torn’ Ukraine for food assistance – Obi bemoans economic hardship

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Why we praised Aviation minister Keyamo after Dana Air incident – Northern group

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4 mins ago

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April 27, 2024

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Minister of Aviation and Aerospace Development, Festus Keyamo

Why we praised Aviation minister Keyamo after Dana Air incident – Northern group

The Coalition of Northern Patriots (CNP) has hailed the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo SAN, for prioritising the safety and well-being of air travellers.

The group stated this in a statement signed by its president Kudu Mohammed in reaction to the suspension of the Air Operator Certificate (AOC) of Dana Airlines.

The Nigeria Civil Aviation Authority (NCAA), on Wednesday, announced the airline’s suspension after its aircraft (MD82 with registration marks 5SN-BKI) skidded off the Murtala Muhammed Airport, Lagos runway.

In reaction, Mohammed said Keyamo is restoring dignity and confidence to the sector with innovative reforms in line with global best practices, always promoting national security interest as a patriot.

Mohammed said in the aviation business that there is no margin for error. Hence, all protocols must be strictly adhered to, and that is what Keyamo has done.

“The suspension of the operations of Dana Airlines is a welcome development,” the statement said. “As we all know, this is the second time within two years that Dana Air’s AOC has been suspended over safety violations.

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“In 2022, the airline’s operation was halted after the outcome of a financial and economic health audit carried out on the airline by the regulatory authority came out negative.

“This time around, though, thankfully, we have an Aviation Minister whose priority is the safety and well-being of travellers unafraid to make painful decisions for the good of the nation.

“We have a man who never compromises and strongly holds on to his principles. Mr Keyamo has already introduced some innovative reforms in line with global best practices. He has carried out a thorough cleansing of the polluted sector he inherited.

“We, therefore, pass a vote of confidence on his leadership. Of course, we are aware that he is not the most-loved minister due to his transparent and resolute approach.

“However, we want to let Mr Keyamo know that the masses are with him.”

The group, therefore, urged him to remain a fearless advocate of the masses and never to allow himself to be silenced by detractors.

Why we praised Aviation minister Keyamo after Dana Air incident – Northern group

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Fuel scarcity bites harder in Abuja, Ondo, Osun, others

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26 mins ago

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April 27, 2024

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Fuel scarcity bites harder in Abuja, Ondo, Osun, others

There is no succour yet for motorists and other petrol end users despite the Thursday statement by the Nigerian National Petroleum Company Limited (NNPCL) that it had resolved the logistic problems that sparked the supply crisis.

Reports from across the country yesterday showed that many filling stations had no fuel to sell.

Some sold over and above the threshold of N650 per litre while motorists and other buyers besieged the few ones that sold within the range of N600 per litre.

While many petrol stations in Lagos sold fuel at the normal price and queues were not noticeable, it was a different story in the industrial town of Ota, Ogun State where some filling stations hiked their pump price to N799 per litre.

In Abuja, over 80% of the Premium Motor Spirit (PMS) retail outlets shut down their operations yesterday, creating an opportunity for a massive black market around the Federal Capital Territory (FCT).

Although the price remained unchanged at N617 per litre at the Nigerian National Petroleum Company Limited (NNPCL) filling stations while major marketers sold it for between N680 and N690 per litre, some independent marketers vended the product for as high as N750 per litre.

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Black marketers sold one litre for as much as N1,200 to desperate motorists.

Some drivers who ran out of fuel in hot spot were ready to pay N1,300 per litre just to exit the danger zone.

Meanwhile, there was a sign of hope that the situation would improve at weekend as The Nation could see more retail outlets getting opened to customers at 5:45pm.

Many civil servants who had a tough time returning home from work on Thursday did not bother to turn up at their workplace yesterday.

Epileptic fuel supply in Ondo

The epileptic supply of fuel was no better in Ondo State yesterday with many filling stations also shut down.

The price ranged between N600 and N670 in the few filling stations that opened for business.

Chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN) Ore depot, Shina Amoo, said NNPCL was not selling to IPMAN members.

Amoo said IPMAN members had to resort to buying from third parties at high prices.

He said fuel marketers are shutting down operations in the state due to low or non-profit margin.

Long queues   in Enugu

The crisis was characterised by long queues at filling stations in Enugu while the price hovered between N600 and N725 per litre.

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It was N660 in some Total, Enyo, Masters Energy, Rainoil and Northwest filling stations and N660 per liter in NNPC filling stations.

Osun residents, motorists groan as petrol stations hoard fuel

Residents and motorists in Osun State accuse petrol dealers in the state of hoarding and profiteering.

The Nation observed long queues at major marketers petrol stations with price ranging between N625 and N640 per litre.

Independent marketers sold theirs for between N700 and N750.

Human rights activist Comrade Waheed Saka asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the State government to check the situation.

A motorist, Saheed Salako, claimed that many of the petrol stations had fuel but refused to sell.

 Crisis worsens in Plateau as a litre goes for N800

Many car owners in Jos, the Plateau State capital have been forced by the hike in fuel price to park their vehicles at home.

A litre sold for between N760 and N800 at some filling stations yesterday.

The NNPCL had attributed the tightness in the supply of PMS currently being experienced in some areas across the country to logistics issues but said the issues “have been resolved.”

It urged Nigerians to “avoid panic buying as there is sufficient product in the country.”

Fuel scarcity bites harder in Abuja, Ondo, Osun, others

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Yahaya Bello counters EFCC on $720,000 children’s school fees payment

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27 mins ago

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April 27, 2024

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Yahaya Bello

Yahaya Bello counters EFCC on $720,000 children’s school fees payment

Former Kogi State governor, Yahaya Bello, has opened up on allegation of paying the sum of $720,000 as school fees for his children.

The Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, had on Wednesday disclosed that Bello withdrew $720,000 from the state’s treasury to pay for his children’s school fees in advance before leaving office.

Reacting to Olukoyede claims, Bello denied paying the quoted amount for his children school fees using the state government’s funds, saying the comments of the EFCC boss were misleading.

In a statement signed by his Media Officer, Ohiare Michael, the governor disclosed that the receipts in circulation were released by his lawyers.

Bello explained that his children have been attending the American International School, Abuja, before he became governor and he has been paying their fees as at when due.

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The statement titled “Payment for school fees: Setting the records straight”, partly reads, “While we reserve our rights to seek redress against the said defamatory statements, permit us to briefly state the following for the purpose of setting the records straight: “His Excellency, Yahaya Bello’s children have attended the American International School, Abuja well before he became Governor and he has paid fees for his children as and when due and without fail.

“His Excellency, Alhaji Yahaya Bello did not pay the sum of USD720,000 as alleged by the EFCC Chairman or USD840,000 as is being bandied about on the internet”

According to the statement, the payment of the school wasn’t done when Bello was about to leave office.

“The payment of the fees was not effected at about the time his Excellency was to leave office as claimed by Mr. Olukoyede but same commenced in 2021.

“Alhaji Yahaya Bello did not pay the fees of his children with monies from the coffers of the Kogi State Government.”

The statement insisted that the EFCC didn’t recover any money belonging to the former governor or his family members

Yahaya Bello counters EFCC on $720,000 children’s school fees payment

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