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FULL TEXT: Tinubu’s Plans To Achieve Food Security

Published

2 years ago

July 13, 2023

TEXT OF MEDIA BRIEFING BY MR. DELE ALAKE, SPECIAL ADVISER TO THE PRESIDENT ON SPECIAL DUTIES, COMMUNICATIONS AND STRATEGY ON THE DETAILS OF PRESIDENTIAL INTERVENTION ON FOOD SECURITY, FOOD PRICING & SUSTAINABILITY ON THURSDAY, JULY 13, 2023

Gentlemen of the press, I welcome you once again to this press conference to update the public on President Bola Tinubu-led administration’s immediate response to the current food inflation in the country.

As a hands-on- leader who follows developments across the country everyday, Mr. President is not unmindful of the rising cost of food and how it affects the citizens. While availability is not a problem, affordability has been a major issue to many Nigerians in all parts of the country. This has led a significant drop in demand thereby undermining the viability of the entire agriculture and food value chain.

Accordingly, in line with this administration’s position on ensuring that the most vulnerable are supported, Mr. President has declared, with immediate effect the following actions:

• That a state of emergency on food security be announced immediately, and.

• That all matters pertaining to food & water availability and affordability, as essential livelihood items, be included within the purview of the National Security Council.

As a direct and immediate response to this crisis, a number of initiatives will be deployed in the coming weeks to reverse this inflationary trend and guarantee future uninterrupted supplies of affordable foods to ordinary Nigerians.

As with most emergencies, there are immediate, medium- and long-term interventions and solutions.

In the immediate term, we intend to deploy some savings from the fuel subsidy removal into the Agricultural sector focusing on revamping the agricultural sector.

In an earlier meeting with Agriculture Stakeholders (today), we drafted a memorandum of partnership between the government and the individual stakeholder representatives that encompasses the decisions taken and actions proposed from our engagements.

The immediate intervention strategies are as follows:

1. We will immediately release fertilizers and grains to farmers and households to mitigate the effects of the subsidy removal.

2. There must be an urgent synergy between the Ministry of Agriculture and the Ministry of Water Resources to ensure adequate irrigation of farmlands and to guarantee that food is produced all-year round.

As a country, Mr. President has made it clear that we can no be comfortable with seasonal farming. We can no longer afford to have farming down times.

3. We shall create and support a National Commodity Board that will review and continuously assess food prices as well as maintain a strategic food reserve that will be used as a price stabilisation mechanism for critical grains and other food items.

Through this board, government will moderate spikes and dips in food prices.
To achieve this, we have the following stakeholders on board to support the intervention effort of President Bola Ahmed Tinubu: The National Commodity Exchange (NCX), Seed Companies, National Seed Council and Research institutes, NIRSAL Microfinance Bank, Food Processing/ Agric Processing associations, private sector holders & Prime Anchors, small holder farmers, crop associations and Fertilizer producers, blenders and suppliers associations to mention a few.

4. 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.

5. The Central Bank will continue to play a major role of funding the agricultural value chain.

6. Activation of land banks. There is currently 500,000 hectares of already mapped land that will be used to increase availability of arable land for farming which will immediately impact food output.

– Mechanization and land clearing- The government will also collaborate with mechanization companies to clear more forests & make them available for farming

7. River basins- there are currently 11 rivers basins that will ensure planting of crops during the dry season with irrigation schemes that will guarantee continuous farming production all year round, to stem the seasonal glut and scarcity that we usually experience.

8. We will deploy concessionary capital/funding to the sector especially towards fertilizer, processing, mechanization, seeds, chemicals, equipment, feed, labour, etc.

The concessionary funds will ensure food is always available and affordable thereby having a direct impact on Nigeria’s Human Capital Index (HCI). This administration is focused on ensuring the HCI numbers, which currently ranks as the 3rd lowest in the world, are improved for increased productivity.

9. Transportation and Storage: The cost of transporting Agricultural products has been a major challenge (due to permits, toll gates, and other associated costs). When the costs of moving farm produce is significantly impacted- it will immediately be passed to the consumers, which will affect the price of food- the government will explore other means of transportation including rail and water transport, to reduce freight costs and in turn impact the food prices.

As for storage, existing warehouses and tanks will be revamped to cut waste & ensure efficient preservation of food items.

10. We will Increase revenue from food and agricultural exports. As we ensure there is sufficient, affordable food for the populace, we will concurrently work on stimulating the export capacity of the Agric sector.

11. Trade Facilitation: Transportation, storage and export will be improved by working with the Nigerian Customs, who have assured us that the bottlenecks experienced in exporting and importing food items as well as intra-city transportation through tolling will be removed.

These are some of the immediate interventions this government will put in place to tackle this crisis.

Principally, one of the major positive outcomes of these interventions will be a massive boost in employment and job creation.

Indeed, agriculture already accounts for about 35.21 percent of employment in Nigeria (as at 2021), the target is to double this percentage to about 70% in the long term.

President Bola Ahmed Tinubu’s mandate to create jobs for our teeming youth population will be achieved with between 5 to 10 million more jobs created within the value chain, 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.

In closing, this administration understands that food and water are the bedrock of survival and therefore is calling on all Nigerians to partner us in ensuring the success of this strategic intervention. This administration is working assiduously to ensure that Nigerians do not struggle with their essential needs.

President Bola Ahmed Tinubu wishes to use this medium to continue to assure Nigerians that this administration will not relent in its efforts until all strategic interventions are deployed efficiently and effectively and until every household is positively impacted. Our president is the president of all Nigerians and the father of the nation. The renewed hope mandate remains alive and no one, absolutely no one, will be left behind.

I thank you all.

News

Okpebholo, Idahosa Bag UNIBEN Distinguished Service, Leadership Awards

Published

3 hours ago

October 7, 2025

Editor

Governor Monday Okpebholo of Edo and his deputy, Hon Dennis Idahosa have been awarded the University of Benin Distinguished Service and Leadership Awards, respectively, for their exemplary leadership styles since assumption of office on November 12, 2024.

The awards, which were conferred on them by the university’s Vice Chairman, Prof. Edoba Omoregie, is part of the activities lined up for the institution’s Faculty of Social Sciences golden jubilee celebration.

The deputy governor who received the awards said expressed delight for the recognition by the university as an alumnus.

“It is an honour to be part of this historic occasion marking the 50th anniversary of the Faculty of Social Sciences.

“For five decades, this faculty has produced outstanding scholars and change-makers who have contributed immensely to national and global development,” he said.

The deputy governor commended the faculty’s legacy of excellence, describing it as “a beacon of research, critical thinking, and civic engagement.”

He praised the university for its role in shaping generations of leaders who continue to influence public policy and nation-building.

Reflecting on the governor Okpebholo-led administration’s priorities, Idahosa reiterated the governor’s commitment to revitalising education in the state.

“The administration of Senator Monday Okpebholo is committed to strengthening the education sector, with a particular focus on inclusivity and infrastructure.

“We are determined to guarantee access to quality education for all, including children with special needs,” he stated.

Idahosa concluded with an appeal to students to steer clear of vices, particularly cultism, stressing that the government would deal decisively with anyone found engaging in such acts.

“You are our most precious assets and the hope of a prosperous Nigeria. Shun all forms of vices and violence. Focus on your studies and become agents of positive change,” he pleaded.

Speaking on a lecture titled: ‘We Will all Be Consumed Unless,’ Prof. Brownwell Amadasun, sparked lively reactions among attendees as the academic delved into Nigeria’s foundational challenges and their lingering impact on national development.

Amadasun critiqued the ideological roots of the Nigerian state, asserting that the nation’s founding fathers laid a framework deeply entrenched in ethnic and religious divisions.

“Our national leaders were ethnic leaders. They laid the foundation we are struggling with today. Ethnicity and religious allegiance continue to hinder national growth. We must move away from it or we will all be consumed,” he said.

He called for a fundamental shift in leadership philosophy and collective mindset to foster unity and sustainable progress.

The Faculty’s 50th anniversary celebrations continue throughout the week with lectures, exhibitions, and alumni engagements celebrating five decades of scholarship, service, and societal impact.

News

Reps Move To Regulate Cryptocurrency, POS Operations

Published

14 hours ago

October 6, 2025

Editor

Concerned about the growing cases of cybercrime, money laundering, and terrorism financing linked to digital finance platforms, the House of Representatives has set up an ad hoc committee to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations in Nigeria.

Speaker of the House, Abbas Tajudeen, who inaugurated the committee on Monday in Abuja, said the move became necessary amid increasing concerns over fraud and consumer exploitation in the country’s rapidly expanding digital finance ecosystem.

He noted that while Nigeria’s resilient economy has the potential to support cryptocurrency growth, the risks associated with its unregulated operations, including its use for illicit financial flows, cannot be overlooked.

Abbas explained that the absence of clear regulatory guidelines, coupled with the volatility and complexity of digital assets, compelled the House to intervene and establish a regulatory and consumer protection framework for Virtual Asset Service Providers (VASPs), including cryptocurrencies and crypto-assets.

He said Nigeria’s economy has consistently demonstrated resilience, often recovering from recessions and recording growth in non-oil sectors, making it a potentially strong environment for cryptocurrency trade. However, he cautioned that the vulnerabilities inherent in digital currency operations must not be underestimated.

“It is because of this absence of clear rules, coupled with the volatility and complexity of the technology, that the House of Representatives found it imperative to establish regulations and consumer protection measures that will regulate the activities of Virtual Assets Service Providers, including cryptocurrencies and crypto assets,” Abbas said.

He added that the committee’s mandate includes conducting public hearings to gather input from stakeholders that would guide the House in developing legislation for a comprehensive regulatory framework governing cryptocurrency and other digital finance platforms.

The Speaker urged members of the committee to discharge their duties with patriotism and integrity, ensuring that the best interests of the nation guide their work.

In his remarks, the Chairman of the Committee, Olufemi Bamisile (APC–Ekiti), described the assignment as one of national importance aimed at striking a balance between financial innovation and national security.

“We have been entrusted with a task of national significance — to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale operations in Nigeria,” Bamisile said.

He added that the committee would work closely with key regulatory and security agencies such as the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Nigeria Deposit Insurance Corporation (NDIC), Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigeria Police Force.

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World Habitat Day: Okpebholo Commends Building Control Agency For Developmental Milestones

Published

14 hours ago

October 6, 2025

Editor

Governor Monday Okpebholo of Edo State has commended the management and staff of the Edo State Development and Building Control Agency (ESDBCA) for their significant contributions to urban growth and infrastructural development across the state.

The governor gave the commendation on Monday when he played host to the delegation of the agency in his office as part of programme to mark this year’s World Habitat Day celebration.

The deputy governor, Hon. Dennis Idahosa who received the team on his behalf, commended the agency led by the Managing Director, Mr. Imoisili Igabali, for its “selfless contributions” to the development of our dear state.

In a statement by his Chief Press Secretary, Mr Friday Aghedo, Idahosa noted that the agency had played a pivotal role in driving urban renewal and enforcing modern building standards in the State, describing their efforts as vital to the government’s vision of sustainable city planning.

“We want to thank you for being part of the growth and development of our dear state. Your work has not gone unnoticed.

“What is most important to us is that we have the political will to ensure that this agency continues to fulfill its mandate effectively,” he stated.

He expressed optimism on the future of urban development in Edo State and pledged continued government support for the agency’s initiatives.

“On behalf of His Excellency, Senator Monday Okpebholo, I want to thank you for this wonderful day.

“We congratulate you as a state, and we thank God for giving us a capable leader in Mr. Igabali, whose dedication and teamwork continue to yield results,” he said.

Earlier in his remarks, the Managing Director of the agency expressed appreciation to the Governor and his deputy for their support and for taking the time to receive the agency’s delegation during the World Habitat Day observance.

The 2025 World Habitat Day celebration in Edo State was marked with renewed calls for sustainable housing, improved infrastructure, and enhanced urban management — key pillars of the Okpebholo administration’s development agenda.