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Address looming food insecurity now – Senate to Nigerian Govt
The Senate has urged the Federal Government to, as a matter of urgency, initiate measures to tackle the impending food insecurity in the country.
It also urged the government to outline measures put in place to combat the situation and address Nigerians on it.
The Senate’s resolution followed the adoption of a motion on the urgent need to address food insecurity and market exploitation of consumables in Nigeria at plenary.
The motion was sponsored by Senator Sunday Karimi (APC- Kogi) and Senator Ali Ndume (APC-Borno).
Leading the debate, Karimi said in the last few months, the price of goods and household consumables in Nigeria had been on an all-time high.
According to him, this was leading to a high rate of inflation, weakening purchasing power and affecting the living conditions of the vast majority of Nigerians.
He said the latest data by the National Bureau of Statistics (NBS) showed that food inflation in the country skyrocketed to 40.66 per cent on a year-on-year basis, representing a significant increase from the 24.82 per cent recorded in May 2023.
Karimi said the current market price of food items such as beans, maize, rice paddy, yam, tomatoes, and onions which initially rose by about 40 per cent after the removal of petroleum subsidy had increased to between 100 per cent and 300 per cent with no attributable reason for the increase in prices.
He said insecurity in food-producing regions, bad roads, increase in cost of transportation, depreciation of the value of Naira had been identified as possible factors contributing to increase in price of food items and other consumables.
He, however ,said that a greater percentage of the increase in prices of food items and consumables were not only responsible for the factors, rather the greed of merchants, traders, and retailers to make supernormal profits.
“Note that there is a general attitude of get rich quickly or get rich by all means.
“This is leading many Nigerians to jettison being their brother’s keeper” and exploiting one another to make abnormal profits.
“This attitude has been justified on the basis that many members of the political class, technocrats, and corporate elites have helped themselves with public funds without any repercussions in law.
”Nigerian traders have thus resorted to price overcharging to maximize profits,” he said.
CREDIT: DAILY POST
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
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