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FG Mulls Commodity Board To Curb Rising Food Prices

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The Federal Government on Tuesday hinted at plans to establish a National Commodity Board to curtail the escalating food inflation in Nigeria.

Vice President Kashim Shettima, who revealed the plan, said in tackling price volatility, the board will be empowered to “continually assess and regulate food prices, maintaining a strategic food reserve for stabilising prices of crucial grains and other food items.”

Shettima said this when he declared open a two-day high-level strategic meeting on climate change, food systems, and resource mobilisation held at the Banquet Hall of the Presidential Villa, Abuja.

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According to a statement signed by his Senior Special Assistant on Media and Communications, Stanley Nkwocha, the VP was delivering his address titled, “Climate Resilience and Food Security: Nigeria’s Vision for the Future,” saying the two-day event attests to Nigeria’s efforts at mitigating the effects of climate change and ensuring food security for Nigerians.

The statement is titled ‘Food Security: FG mulls commodity board to tackle price volatility, others.’

Describing food security as one of the eight areas of priority of the Tinubu presidency, the VP highlighted ongoing policy reforms to ensure food and water availability and affordability.

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

READ ALSO: Hardship: Tinubu Hints On Providing Social Welfare For All Citizens

“The short-term strategy entails revitalising food supply through specific interventions like the distribution of fertilisers and grains to farmers and households to counteract the effects of subsidy removal; fostering collaboration between the Ministry of Agriculture and the Ministry of Water Resources for efficient farmland irrigation, ensuring year-round food production, and addressing price volatility by establishing a National Commodity Board.”

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He said while the Tinubu administration is fully invested in restoring degraded land, plans are underway 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.

Shettima apprised participants about the government’s handling of the security challenges preventing farmers from returning to their farms.

I wish to assure you that we will engage our security architecture to protect the farms and the farmers so that farmers can return to the farmlands without fear of attacks.

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“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 assured.

READ ALSO: Buhari’s Reckless Policies Responsible For Current Hardship – Oshiomhole

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The VP Shettima also revealed that the Tinubu administration is collaborating “with mechanisation companies to clear more forests and make them available for farming,” even as the Central Bank of Nigeria “will also continue to play a major role in funding the agricultural value chain.

He noted that the FG would deploy concessionary capital to the sector, especially towards fertiliser, processing, mechanisation, seeds, chemicals, equipment, feed, labour, among others.

The concessionary will ensure food is always available and affordable, directly impacting Nigeria’s Human Capital Index.

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“This administration is focused on ensuring the HCI numbers, which currently rank as the third lowest in the world, are improved for increased productivity,” he added.

Senator Shettima also restated frantic efforts by the administration to make agriculture attractive for the teeming youth population to  “create between 5 to 10 million more jobs for them within the agriculture value chain.”

He revealed that the FG would do this by working with the current 500,000 hectares of arable land and the several hundreds of thousands more farmlands to be developed in the medium term.

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These efforts, the VP continued, are part of FG’s bid to actualise Sustainable Development Goal Two of “Zero hunger” and the African Union Agenda 2063, which aims to transform Africa into a global powerhouse of the future.

READ ALSO: Economic Hardship: CSO Gives FG Ultimatum, Threatens Nationwide Protest

“But we can’t achieve this unless we guarantee food security by building the capacity of smallholder farmers who account for about 88 percent of the total food production in Nigeria,” he further noted.

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Therefore, he implored participants, including development partners, private investors, and the diplomatic community to ensure that the high-level engagement results in a positive outcome.

Also speaking at the event, the National Coordinator of NEPAD, Mrs. Gloria Akobundu, said the programme decided to convene the stakeholders’ forum to strengthen smallholder farmers in Nigeria as a way of addressing the food shortage problem in the country.

“We have gathered key stakeholders from across Nigeria and all over the world to commence the resource mobilization conversation for smallholder farmers in Nigeria and Africa and emphasize the urgency of action required in the face of the current and growing food crisis,” Akobundu remarked.

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On his part, AU Chairman of Food System, Dr Ibrahim Maiyaki, said Africa’s future challenges in the next 20 to 30 years could be tackled today through three parameters: the continent’s know-how, expertise, and leadership.

Maiyaki called for strong regional integration through food transformation as well as boosting of productivity and economic growth rates through the right policies and governance objectives

Other dignitaries who attended the opening ceremony of the high-level engagement include Chairman, Senate Committee on Cooperation and Integration in Africa, Senator Nasiru Zangondaura; Chairman, Senate Committee on Information and National Orientation, Senator Eze Emeka; representatives of the Governors of Bauchi, Edo, Delta, and Plateau States, as well as members of the Diplomatic Corps.

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Oba of Benin Renews Bond With Ancestral Relations, Nigerians During Emorhọ Feast

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The palace of the Oba of Benin was agog with activities during the 2025 Emorhọ fest, declared by Omo N’Oba N’Edo Uku, Uku Akpolokpolo, Ewuare II, Oba of Benin as part of activities to mark the ancient Emorhọ, otherwise known as the ‘New Yam Festival’.

Oba of Benin, who reenacted the age-long festival, renewed the bond that exist between him and his ancestral relations from Issele-Uku in Aniocha North Local Government Area of Delta State at the event, which attracted dignitaries, including Benin people, indigenes and non-indigenes across Edo State.

Members of the Benin Royal family, Edionwere (village heads), youth leaders across the various communities in Benin, market women group, palace chiefs, traditional priests and priestesses in Benin, were also in attendance.

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READ ALSO:Oba Of Benin Declares Two-week Fasting, Prayer For Edo

A special prayer offered on behalf of the palace by Chief Enorense Ozigbo-Esere, the Osuma of Benin, paved the way for the commencement of the feast, where Secretary to the Benin Traditional Council, Frank Irabor, welcomed guests and highlighted the essence of the gathering.

Speaking in an interview, Oba Ewuare younger ancestral relations from Issele-Uku led by Chief Michael Odiakosa, expressed delight for the privilege to be part of the historic celebration.

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He explained the relationship between Benin and Issele-Uku, reaffirming that, “Issele-Uku is an extension of Benin Kingdom. We are all descendants of Benin. So, we are at home”.

READ ALSO:Oba Of Benin Ushers In ‘Emorọ’

We are in a safe place. We came to celebrate the festival with our father, the Omo N’ Oba, and we are happy to be here”, Odiakosa said.

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On his part, 99-year-old Pa. Paul Osarumwense Oyemwen, the Odionwere of Orior-Ozolua community in Uhunmwode LGA who thanked the Oba for the gesture, said the festival is not new in Benin and it’s devoid of sacrifices.

Expressing her appreciation to the Oba of Benin, the ‘Edo markets leader’, Pastor (Mrs) Josephine Ibhaguezejele, noted that members of the group have been waiting anxiously for the opportunity to partake in the yearly festival, while praying God that the blessings of the festival to transform lives.

Also speaking, Pa. Daniel Osunde, the Odionwere of Idumwun-owina, N’ Iyeke-orhiomwon, also prayed for the Oba and thanked the first Class traditional ruler for his foresight.

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Excited guests in their numbers were fed with African delicacy, amid dancing and jubilation, while members of Isikhian women group who gave a good account of their stewardship, were not left out in the celebration by the Oba who rewarded them with cash gift and other items in acknowledgement their duties in Benin.

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Okpebholo Poised To Surpassing People’s Expectations — Edo Deputy Gov

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Edo deputy governor, Hon Dennis Idahosa has assured that the Governor Monday Okpebholo-led administration is poised to surpass the expectations of the people of the state in terms of campaign promises fulfilment.

Idahosa said that the administration had hit the grand running right from the day of inauguration by identifying and prioritising the key areas of the SHINE agenda for implementation.

A statement by Mr Friday Aghedo, Chief Press Secretary to the deputy governor, said Idahosa spoke when he received the prestigious Peace Ambassador Award from the International Association of World Peace Advocates (IAWPA).

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The award ceremony held at the deputy governor’s office during a courtesy visit by the leadership of the IAWPA led by the President, Amb. Per Stafsen, the South-South Coordinator/Edo state Director, Amb. Amos Areloegbe, and other zonal representatives.

READ ALSO:Okpebholo Warns Companies Against Fuelling Edo–Delta Boundary Dispute

“We pray, by the grace of God, Edo State will surpass the expectations of the people when we are through with our tenure,” he declared.

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Idahosa described the recognition as a source of pride, not just for him, but for the Governor Monday Okpebholo-led administration.

Governor Okpebholo is a man of peace, and his government stands firmly for peace. This award is a validation of his unwavering commitment to building a safe and harmonious Edo State,” he said.

The Deputy Governor emphasized that peace and security remain central pillars of the government’s five-point SHINE agenda, noting that collaboration with traditional institutions, religious leaders, and civil society organizations has been vital in sustaining stability across the state.

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Peace is extremely important in any society. Where there is peace, there is security; where insecurity prevails, peace cannot exist.

“This recognition today strengthens our resolve to continue being ambassadors of peace,” Idahosa stated.

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On his part, Amb. Amos Areloegbe noted that IAWPA, a United Nations–certified body aligned with the 17 Sustainable Development Goals (SDGs), deliberately chose Edo State to commemorate the International Day of Non-Violence on October 2.

According to him, “Edo State remains one of the most peaceful states in the federation, hence our choice to celebrate here.”

The investiture was hailed by observers as not only an honour to Idahosa but also as an acknowledgment of Edo’s growing reputation as a bastion of peace under Governor Okpebholo’s leadership.

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Ogoni Women Protest Resumption Of Oil Production, Demand Accountability In $1Bn Cleanup Funds

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Ogoni women drawn from all works of life have come out to protest against the resumption of oil production in the area without proper negotiation.

The women expressed anger over the non-transparent nature of the entire oil resumption exercise, accusing the government of attempting to manipulate them into giving up on their demands as expressed in the Ogoni Bill of Rights (OBR).

The women further demanded that the Nigerian government account for $300million Ogoni infrastructure development fund which is alleged to have been diverted by some key government personalities in alliance with some Ogoni leaders.

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They further demanded accountability for the $1Billion Ogoni cleanup funds which they said is a failed project.

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The women, who marched on the streets of Bori, the traditional headquarters of Ogoni, accused the government of neglecting the core demands of the Ogoni people including the demand for the creation of a Bori State and compensation for livelihood losses due to decades of devastating oil spills in the lands.

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“We lost everything, crops, drinking water sources, food and farming lands and we now live with strange illnesses which ultimately will lead to our death. No one is interested in all that. The only thing the government is interested in is our oil resources. We reject the insensitivity of the government and we want to be heard”; one of the protesters who pleaded anonymity told Ogoninews.

Another speaker, Mrs Helen Huoma said the plot to resume oil production in Ogoni is deceptive.

“The oil industry people are always lying. They will tell us something and do another. When we ask our MOSOP leaders, they tell us they know nothing about what the government and the oil industry are doing. It’s all a bunch of confusion and deceit. We will resist this move because we paid heavily to give Ogoni a name and the pride it has today”

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A woman identified as Janet from Gokana Local Government Area alleged that the Nigerian government has never been interested in the welfare of the Ogoni people.

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She alleged that the government had only been interested in the oil and after that, they appeased political leaders with contracts to suppress local residents.

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“All they do is deceive the Ogoni people and we continue to suffer in the midst of abundant natural resources. If they can divert $300million, then how can we trust them? Before we start, let them account for the $300 million and the cleanup program which, at least, should have solved some basic problems.”

The Nigerian President, Bola Ahmed Tinubu had recently directed the National Security Adviser, Nuhu Ribadu to engage the NNPC Limited and work out modalities for the resumption of oil production in Ogoni. This directive followed a meeting with some Ogoni leaders in Aso Rock, Presidential Villa.

The president had also recently granted pardon to the Ogoni nine including Ken Saro-Wiwa and to four Ogoni leaders who were murdered on May 21, 1995. The Abacha regime had blamed Ken Saro-Wiwa for the murders and executed him along with 8 others on November 10, 1995 despite global outcry acknowledging their innocence.

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Following the executions, a United Nations fact finding team visited Nigeria. The team acknowledged that the entire trial process was flawed and noted that Nigeria did not even follow the minimal prescription of its own laws in the conduct of the trial.

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