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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.

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

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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.”

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.

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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.

“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.

“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.

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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.

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

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“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.

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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Gunmen Kidnap A’Ibom Monarch

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Paramount ruler in Mbo Local Government Area (LGA) of Akwa Ibom state, HRM Ogwong Okon A. Abang, has been kidnapped in his palace at Ebughu.

The abduction was said to have been carried out at about 9pm on Saturday. Recall that doctors in the state have downed tools over the kidnap of their colleague, Dr John Robbin Esu, who remains in the kidnappers den nearly three weeks after.

Like the case of Dr. Esu who was kidnapped in Oron LGA, the kidnap of the Paramount Ruler of Mbo, has raised more concern over the collapsed security architecture in Oron nation.

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READ ALSO: Okuama/Okoloba Impasse: Women Protest In Black Attire, Raise Issues [PHOTOS]

Only last week, the wife of Chief Asukwo Eweme Ulap Okon, aka Levile, a prominent political figure was also abducted in Oron.

Akwa Ibom State Police Command was yet to offer a word on the monarch’s abduction, but Commissioner of Police, CP Waheed Ayilara and other service Commanders were moving to the Ebughu Palace of the victim at the time of filing this report.

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Couple Declared Wanted Over Cocaine Seizures

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The National Drug Law Enforcement Agency, NDLEA has arrested four members of a drug cartel who runs a cocaine cartel from India in Lagos with a Sports Utility vehicle and two houses belonging to the syndicate, already traced to them sealed for forfeiture to the Federal Government.

This is just as a couple, Kazeem Omogoriola Owoalade (alias Abdul Qassim Adisa Balogun) and Rashidat Ayinke Owoalade (alias Bolarinwa Rashidat Ayinke), also members of the cartel have been declared wanted by NDLEA in connection with cocaine trade.

Spokesman of the agency, Femi Babafemi who made this known, said “Two other members of the syndicate, Imran Taofeek Olalekan and Ishola Isiaka Olalekan were arrested on April 3, 2024 following their bid to export 3.40kg cocaine on a Qatar Airlines flight going to Oman through the Murtala Muhammed International Airport, MMIA Ikeja Lagos.

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“While Imran was the courier conveying the drug consignment to Oman, Ishola recruited him for the head of the cartel, which investigation has now revealed to be Alhaji Kazeem Omogoriola Owoalade whose Indian residence permit bears Abdul Qassim Adisa Balogun based in India.

“Efforts to dismantle his network in Nigeria paid off after five weeks of surveillance and follow up operations when another member of the syndicate, Hamed Abimbola Saheed who works directly with the baron was arrested on Tuesday 14th May at Abule Egba area of Lagos.

“It was indeed Saheed who lodged Imran in a hotel a day before his aborted trip to Oman and equally dropped him and Ishola at the Lagos airport the day they were arrested.

READ ALSO: Never Accept Luggage Without Knowing Its Content — NDLEA Warns Travellers

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“During a search of Hamed house, NDLEA operatives recovered some phenacetine, a cutting agent for Cocaine, weighing 900 grams.

“He confessed that the recovered substance was what was left of the consignment Imran was taking to Oman the day he was arrested.

“His arrest led to a follow up operation at the home of the Owoalade couple at 20 Eyiaro street, Ogudu Orioke, Lagos where another suspect was arrested and a new model Toyota RAV4 SUV marked FKJ-773 JJ belonging to Rashidat and additional 400 grams of Cocaine recovered in addition to already prepared suitcases to be used for illicit drug concealment, digital weighing scales and other paraphernalia”.

In the same vein, NDLEA officers of the Directorate of Operations and General Investigations, DOGI, attached to a courier firm in Lagos on Wednesday 15th May intercepted two parcels, containing Cocaine and Amphetamine concealed in steel bolts and shea butter.

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While the cocaine weighing 587 grams, was concealed in eight steel bolt screws going to China, the Amphetamine consignment packed in vape pens and hidden in shea butter was going to the United Kingdom.

Attempts by Emeka Nwadiaro (aka Mega) to export 3.6kg Loud, a strain of cannabis concealed in 36 water flasks to Dubai, UAE was also thwarted at a logistic company in Port Harcourt, Rivers state on Thursday 16th May while a swift follow up operation led to the arrest of the owner of the consignment, Emeka Nwadiaro in Onitsha, Anambra state same day.

READ ALSO: NDLEA Intercepts Qatar-bound Drugs, Officers Reject N5m Bribe

While NDLEA operatives in Lagos intercepted a mercedes benz bus loaded with 840kg cannabis and arrested the driver, Samuel Henry, at Olojo in Ojo LGA, Lagos, another suspect, Lawal Adam was nabbed along Otukpo road, Aliade, Benue state on Friday 17th May with 75,000 pills of opioids including tramadol and exol-5.

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Two suspects: Olisa Etisi, 32, and Jonathan Umeh, 25, were arrested along Owerri – Onitsha road, Imo state following the discovery by NDLEA operatives of a big gas cyclinder used to conceal six blocks of Loud, a strain of cannabis weighing 3.85kg.

In Borno state, 70-year-old Adamu Mohammed was arrested at Mbulamel, Biu LGA on Thursday 16th May with 2kg cannabis and 33.55grams of diazepam, while Gaddafi Sani, 27, was arrested with 30 kilograms of cannabis along Abuja-Kaduna road, Kaduna.

In Yobe state, a consignment of 91.1kg opioids and 13kg cannabis going to Maiduguri, Borno state, was recovered from hidden compartments of a petrol tanker along Potiskum-Damaturu road by NDLEA officers who arrested the driver, Ismaila Ali.

No less than four suspects were arrested in connection with the seizure of 2,025 pieces of improvised explosive devices (IED) materials intercepted in a Toyota hummer bus marked AGL 905 XX by NDLEA officers along Agaie – Lapai road, Niger state.

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The duo of Abdulrauf Shitu Adeyemi, 46, and Asmiyu Rahim, 45, conyeying the IED materials were arrested on the spot. Follow up operations led to the arrest of Husaini Abdullahi, 25, at Sokoto main market, Sokoto and Nazifi Abdullahi, 37, at Naibawa Motor Park, Kano on Friday 17th May.

The Chairman/Chief Executive of NDLEA, Brig Gen Mohamed Buba Marwa (Retd) has directed that all four suspects and the explosive materials be transferred to the appropriate security agency for further investigation.

READ ALSO: Atiku Hints On Supporting Obi For 2027 Presidential Race

In another operation, Muhammad Lawal, 42, was nabbed at Central Market Motor Park, Katsina State with 1,000 Ampoules of Pentazocine injection.

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Also, a total of 105kg cannabis was on Friday 17th May recovered from a house at Obola community, Owan West LGA, Edo state and a suspect, Gloria Oris arrested when NDLEA officers raided the area.

In Kwara state, two suspects: Abdulganiyu Karaman, 55, and Sunday Abel, 37, were on Saturday 18th May arrested with 83kg cannabis and tramadol at Boriya, Baruten LGA, and Offa respectively.

With the same vigour, the various commands of the Agency across the country continued with the War Against Drug Abuse, WADA, advocacy campaign in the past week.

Some of them include: WADA sensitisation lecture for students and teachers of Government Girls Science secondary school, Malumfashi and Government Girls Science Secondary School, Daudawa, Katsina; Government Girls Science College, Tunga Magajiya Rijau LGA, Niger state.

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Others are students and teachers of St. Theresa’s College Oke-Ado, Ibadan, Oyo state; students of Government Girls Secondary School, Tudun Wada, Kano; students of Dein secondary school, Imobi secondary school and St. Columbas Grammar School, Agbor, Delta State.

While commending the officers and men of the MMIA, Rivers, Lagos, Kano, Kaduna, Yobe, Borno, Niger, Benue, Kwara, Imo, and Edo Commands of the Agency as well as those of DOGI for their outstanding feats in the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) said the efforts have further affirmed the cardinal role of NDLEA in the security architecture of the country.

He equally applauded their counterparts in all the commands across the country for intensifying their WADA advocacy lectures to create a fair balance between their drug supply reduction and drug demand reduction activities.

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SERAP Sues 36 Governors, FCT Minister Over FAAC Allocations

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The Socio-Economic Rights and Accountability Project has sued Nigeria’s 36 governors and the Minister of the Federal Capital Territory, Abuja,Nyesom Wike.

They were sued for failing “to account for the spending of trillions of Federation Account Allocation Committee allocations collected by their states and the FCT since 1999″.

This was contained in a release on Sunday by SERAP’s Deputy Director, Kolawole Oluwadare.

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The release said the lawsuit followed reports that the FAAC disbursed N1.123 trillion to federal, state, and local governments for March 2024. They shared N1.208 trillion in April. States collected N398.689 billion in March while they collected N403.403 billion in April.

In the suit numbered FHC/ABJ/CS/666/2024 filed last Friday at the Federal High Court, Abuja, SERAP asked the court to “direct and compel the governors and Wike to publish spending details of the FAAC allocations collected by their states and the FCT since 1999 including the list and locations of projects executed with the money.”

READ ALSO: SERAP, BudgIT, Others Drag CBN To Court Over Cybersecurity Levy

The organisation also asked the court to “compel the governors and Mr Wike to invite the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission to probe any allegations of corruption linked to the allocations and to monitor how the money is spent”.

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It argued that, “Nigerians ought to know in what manner public funds including FAAC allocations, are spent by the governors and FCT minister.”

Opacity in the spending of the FAAC allocations collected by the governors and Mr Wike would continue to have negative impacts on the fundamental interests of the citizens,” SERAP said.

It noted that trillions of FAAC allocations received by Nigeria’s 36 states and the FCT have allegedly gone down the drain.

It believes that, “Directing and compelling the governors and FCT minister to provide the information sought and widely publish the spending details of the FAAC allocations collected by them would serve legitimate public interests.”

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READ ALSO: JUST IN: SERAP Drags 36 Govs, Wike To Court Over N5.9tn, $4.6bn Loans

It added, “The failure by the governors and the FCT ministers to account for the spending of the FAAC allocations collected by them is entirely inconsistent and incompatible with the Nigerian Constitution 1999 [as amended] and the country’s international anti-corruption obligations.”

The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare, Kehinde Oyewumi and Andrew Nwankwo, read in part, “States and the FCT should be guided by transparency and accountability principles and proactively account for the spending of the FAAC allocations collected by them.

“Secrecy in the spending of FAAC allocations collected by the governors and the FCT minister also denies Nigerians the right to know how public funds are spent. Transparency in the spending would allow them to retain control over their government.

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“The governors and FCT minister have a legal obligation to provide the information sought including the list of specific projects completed with the FAAC allocations collected, the locations of any such projects and completion reports of the projects.

“The information sought should also include details of the salaries and pensions paid from the FAAC allocations collected, as well as the details of projects executed on hospitals and schools with the FAAC allocations.

READ ALSO: Account For N5.9tn, $4.6bn Loans, SERAP Gives Sani, Wike, Others Ultimatum

“Despite the increased FAAC allocations to states and FCT, millions of residents in several states and the FCT continue to face extreme poverty and lack access to basic public goods and services”

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It added, “The reported removal of petrol subsidy and the floating of the exchange rate by the Federal Government has translated into increased FAAC allocations to states and the FCT. However, there is no corresponding improvement in the security and welfare of millions of Nigerians.

“FAAC allocations received by the states and the FCT are reportedly characterised by mismanagement, diversion of funds, and abandoned projects. FAAC allocations have also been allegedly spent for other purposes such as election campaigns and political patronage.

READ ALSO: SERAP, 20 Others Sue Akpabio, Abbas, Others For Increasing Own Budget By N147bn

“Publishing the documents on the spending of FAAC allocations by the states and the FCT would promote transparency, accountability, and reduce the risks of corruption in the spending of the funds.

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“Publishing the documents would also enable Nigerians to meaningfully engage in the implementation of projects executed with the FAAC allocations collected.”

SERAP noted that the report that “some 140 million Nigerians are poor suggests corruption and mismanagement in the spending of trillions of naira in FAAC allocations collected by the states and the FCT”.

No date has been fixed for the hearing of the suit.

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