Traders, not Tinubu, causing galloping food inflation – FG – Newstrends
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Traders, not Tinubu, causing galloping food inflation – FG

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Traders, not Tinubu, causing galloping food inflation – FG

The Federal Government has asserted that Nigeria’s galloping food inflation is due to the sharp practices and shady activities of grain merchants.

The Executive Vice Chairman of the Federal Competition and Consumers Protection Commission, FCCPC, Olatunji Bello, made the assertion at a town hall meeting with industry captains, MSMEs, market leaders, farmers, transporters and service providers in Kano State.

Bello stated that traders who are hoarding grains are responsible for the skyrocketing prices of food item.

The FCCPC boss disclosed that the commission’s investigators discovered that some unscrupulous produce merchants were mopping up newly harvested grains and stashing them in warehouses to create artificial scarcity, thereby worsening the food inflation being experienced in the country.

According to him, without a an atom of compassion for the plight fellow countrymen and women, some of the unscrupulous actors go as far as taking some of the food items they had mopped up from the farmers or the markets and smuggling them across the borders to sell at a premium, thereby endangering the national food security.

The event was sequel to the interactive sessions earlier hosted in Abuja and Lagos by FCCPC for stakeholders in the production and distribution chain in its renewed advocacy to curb anti-consumer practices across the country.

Bello sought the cooperation of the Kano stakeholders to curb the unwholesome practice in the national interest, saying that price fixing and the creation of artificial barriers in the form of entrance levies by market associations, among others are unethical.

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He stressed, “Don’t get us wrong; we are by no means saying everyone is guilty here. We only have a few bad eggs involved in such unethical practices. It is therefore our collective responsibility to work together to achieve reasonable pricing of goods and services, especially at a time when the country is undergoing bold economic reforms which may bring temporary discomfort today but will definitely usher in a better economy for us tomorrow.”

He noted that though the FCCP Act prescribes stiff penalties ranging from heavy fines to jail terms for offenders, he told the Kano stakeholders that the Commission chose to first explore the option of dialogue in the spirit of democracy.

Bello noted that President Tinubu had already responded to some of the popular yearnings in the form of new policies, pledging he would similarly convey the views of the Kano stakeholders to the appropriate quarters while listing the gains of earlier engagements hosted by FCCPC in Abuja and Lagos.

The Federal Government, he said has also commenced the implementation of zero Value Added Tax, VAT, and excise duties on pharmaceutical products and medical devices, stressing that a number of taxes have also been removed to assist micro, small, and medium enterprises as well as taxes being removed from public transportation.

Bello advised the stakeholders to be patriotic by sharing the gains from the concessions being made by the government with the consumers, pointing out that when the government assists the operators of public transportation with easy credits to convert their vehicles from petrol to relatively far cheaper CNG, they don’t expect them to charge the same fares as those who buy petrol

Traders, not Tinubu, causing galloping food inflation – FG

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Nigeria Customs Service begins 2025 recruitment [How to apply]

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Nigeria Customs Service begins 2025 recruitment [How to apply]

The Nigeria Customs Service (NCS) has announced the commencement of its recruitment exercise, assuring Nigerians that the process is entirely free and fair.

The agency has cautioned the public to be vigilant against scammers who may attempt to exploit unsuspecting applicants during the recruitment period.

Applications are invited for positions in the Superintendent, Inspector, and Customs Assistant cadres as part of the Service’s plan to recruit 3,927 officers in 2025.

This initiative is aimed at enhancing trade facilitation and supporting Nigeria’s economic recovery efforts.

“Our recruitment is entirely free and fair. At no stage do we charge fees. Anyone requesting payment is a scammer,” the agency emphasized, urging applicants to be wary of fraudulent schemes.

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The NCS outlined eligibility criteria, stating that applicants must be Nigerian citizens by birth, possess a valid National Identification Number (NIN), and have no criminal record or ongoing investigations.

Academic qualifications for the three cadres are as follows:

Superintendent Cadre: A university degree or Higher National Diploma (HND) along with an NYSC discharge or exemption certificate.

Inspectorate Cadre: A National Diploma (ND) or Nigeria Certificate in Education (NCE) from an accredited institution.

Customs Assistant Cadre: At least an O’Level certificate (WAEC or NECO).

In addition to these qualifications, the NCS stressed that all applicants must be physically and mentally fit, providing evidence of medical fitness from a recognized government hospital.

Nigeria Customs Service begins 2025 recruitment [How to apply]

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Tinubu to critics: I won’t reduce my cabinet size

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President Bola Ahmed Tinubu

Tinubu to critics: I won’t reduce my cabinet size

President Bola Tinubu on Monday unequivocally responded to critics who described his cabinet as “bloated” by saying he is unprepared to reduce the size of his 48-man cabinet.

“I am not ready to shrink” the size of my cabinet, Tinubu said during a media chat at his Bourdillon residence in the highbrow Ikoyi area of Lagos State.

“I am not prepared to bring down the size of my cabinet,” the former Lagos governor said, arguing that “efficiency” has been at the core of his selection of ministers.

The president also said he has no regret removing the petrol subsidy in May 2023, saying Nigeria cannot continue to be Father Christmas to neighbouring countries.

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“I don’t have any regrets whatsoever in removing petrol subsidy. We are spending our future, we were just deceiving ourselves, that reform was necessary,” he told reporters.

Tinubu appointed 48 ministers in August 2023, three months after his inauguration. The Senate immediately screened and confirmed the ministers. One of the ministers, Betta Edu, was suspended in January while another, Simon Lalong, moved to the Senate.

There were calls for the President to reshuffle his cabinet as many Nigerians have not been impressed by the performance of some of the ministers, especially in the face of unprecedented inflation, excruciating economic situation and rising insecurity.

In October 2024, Tinubu re-assigned 10 ministers to new ministerial portfolios and appointed seven new ministers for Senate confirmation. He also sacked five of his ministers but critics insist that the President’s cabinet remains large, especially with the creation of a Livestock Ministry with a minister.

 

Tinubu to critics: I won’t reduce my cabinet size

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Tinubu: Food stampede incidents, grave error 

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Tinubu: Food stampede incidents, grave error 

..Don’t publicise gifts distribution if you don’t have enough

 

President Bola Tinubu has described the recent three stampede incidents during distribution of relief materials to children and others as a grave error.

He told people to be more organised and stay away from giving palliative or publicity of the giving if they had insufficient materials.

He stated this during his first presidential media chat on Monday.

The President said he had been sharing palliatives in his Lagos residence for 25 years without any incident and blamed the recent food stampedes in the country on poor organisation.

A total of 35 children died on December 18 during a stampede that happened at a funfair event in Ibadan, Oyo State.

10 people, including children, also died on December 21 in another stampede at the Holy Trinity Catholic Church in the Maitama district of Abuja during the distribution of palliatives.

Another 22 people were reported dead during a rice distribution event at Amaranta Stadium in Ojika, Ihiala LGA, on the same day.

“It’s unfortunate and very sad, but we will continue to learn from our mistakes. I see this as a grave error on the part of the organisers,” he said.

But the President insisted that the incidents should not dampen the “happiness of the season”.

“It is very sad that people are not well organised. We just have to be more disciplined in our society. Condolences to those who lost members, but it is good to give,” Tinubu said.

“I’ve been giving out foodstuff and commodities, including envelopes in Bourdillon, for the last 25 years, and I’ve never experienced this kind of incident because we are organised and disciplined.

“If you know you won’t have enough to give, don’t attempt to give or publicise it.”

The President compared the situation to food banks in countries such as the United States of America (USA) and Britain, noting their structured approach.

“Every society, even in America, has food banks. They have hungry people. In Britain, they have food banks and warehouses, and they are organised. They take turns m lining up and collect,” he added.

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