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Obaseki Links Rising Inflation To Nation’s Inability To Produce, Export

Governor Godwin Obaseki of Edo State has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services, noting that the trend continues to affect the nation’s economy negatively.
Obaseki said this while receiving representatives from the World Bank led by the organization’s Task Team Leader (TTL) for the Agro-Processing, Productivity Enhancement, and Livelihood Improvement Support (APPEALS) Project in Nigeria, Manievel Emmanuel Sene, who were on a courtesy visit at the Government House, Benin City, the Edo State capital.
Other members of the group at the entourage of the World Bank delegation include the Commissioner for Agriculture and Food Security, Hon. Stephen Idehenre; his Permanent Secretary and staff from his Ministry, and the National Project Coordinator Livestock Productivity and Resilience Support Project (L-PRES) Sanusi Abubakar, among others.
The team is in Benin City for the 3rd World Bank implementation mission.
The governor noted that the greatest problem of Nigeria is that the country is not producing enough for importation with no import buffers.
He said, “Nigerians are in a dire situation and one reason why we are having high food inflation is because of low production as we don’t have any foreign exchange anywhere to substitute with imports. We are not producing enough; that is the greatest problem facing Nigeria.
“Whatever we are producing is very low as a Country and people now don’t have import buffers anymore. When you fly into Countries around the world, from their airspace you will see farm demarcation but the same can’t be said of Nigeria.”
READ ALSO: Two Police Officers Detained Over Civilian’s Death During Illegal Duty
Obaseki, while noting that the state is a hub in the country, said the reforms in the last seven and a half years are geared towards repositioning the state for economic growth and development, ensuring the influx of investors to boost the internally generated revenue.
Obaseki added, “Commercialization is important to us so that when we produce, there is a ready market and linkage of the product to those that need it. I want to know and see those real farmers producing in the State, what they are producing and the size of the market.
“We have people who have invested, but they are not making money not because there is no demand but the capacity and sincerity to go ahead. We have given people money for livestock farming but it failed. It’s not about money again but capacity and sincerity.”
The World Bank Task Team Leader said the Bank focused on three outcomes which include productivity, commercialization and resilience.
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Insecurity: US Congressman Riley Moore Reveals Trump’s Mission In Nigeria

US Congressman Riley Moore has dismissed insinuations that President Donald Trump is attempting to bring war to Nigeria.
Moore made the remark in a post on his verified X handle on Monday.
His comments followed a US military airstrike on a terrorist enclave in north-west Nigeria on Christmas Day, reportedly carried out on the directive of President Trump.
“President Trump is not trying to bring war to Nigeria, he’s bringing peace and security to Nigeria and to the thousands of Christians who face horrific violence and death.
READ ALSO:Russia Calls up 135,000 Military Personnel
“The strikes against ISIS on Christmas, in coordination with the Nigerian government, have given hope to the Christians in Nigeria,” he said.
Recall that the lawmaker had previously stated that President Trump is focused on ending the killing of Christians in Nigeria.
It will be recalled that Moore led a US delegation on a fact-finding mission into alleged Christian genocide in Nigeria some weeks ago.
During his brief stay in the country, Moore travelled to Benue State, where he interfaced with religious and traditional leaders, as well as internally displaced persons.
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Russia Calls up 135,000 Military Personnel

Russia has enlisted 135,000 conscripts for military service in 2026, following the conclusion of the autumn army draft by the Defense Ministry.
A statement on Monday said most personnel have been assigned to training units and military formations where they will “get a military specialty and learn to operate modern military hardware.”
The conscripts can choose to serve in any of the various military branches and armed services after an assessment of their health condition and the results of psychological examinations.
READ ALSO:Russian Strike On Odesa Region Kills Eight, Injures 27
The ministry disclosed that 680 recruits have joined scientific and research-production units, while 240 from the country’s national teams in Olympic disciplines joined sports companies.
However, military personnel who have served the established term of military service have been discharged and sent to their places of residence.
The latest enlistment confirms Russia is shoring up its troops deployed to the ongoing special military operation in Ukraine ahead of the new year.
READ ALSO:Putin Says Russia Ready For War, Blames Europe For Sabotaging Peace
A fortnight ago, European leaders reaffirmed their pledge to form a multinational force–under the aegis of the Coalition of the Willing–to assist Ukraine in securing land, skies, and seas.
The pledge is one of the six commitments the EU and heads of state developed for Ukraine’s security and economic recovery support measures.
In an interview with TASS on Sunday, Russian Foreign Minister Sergey Lavrov condemned Europe’s insistence on sending military forces to Ukraine.
“We have said many times that our Armed Forces would view them as a legitimate target,” he said, warning that anyone who attacks Russia would face “a devastating blow.”
Headline
How Our Airstrikes Stopped Christmas Attacks In Nigeria — US Lawmaker

Riley Moore, a member of the United States House of Representatives from West Virginia’s 2nd District, has linked the absence of Christmas attacks in Nigeria this year to US military airstrikes carried out against Islamist militants on Christmas Day.
In a post on his official X account on Saturday, Moore contrasted the situation with the past two Christmas seasons, during which he claimed Christians were killed in attacks across parts of Nigeria.
The lawmaker noted that this year’s response targeted extremist groups instead of marking another period of violence.
READ ALSO:Rep Moore Confirms 12 Tomahawk Missiles Launched In Sokoto
He added that US forces acted decisively against militants in coordination with the Nigerian government.
“For the past two Christmases, Christians have been murdered in Nigeria. This year, thanks to @POTUS, Radical Islamic Terrorists were on the receiving end of 12 Tomahawk missiles as a present.
“The successful strikes on ISIS, in coordination with the Nigerian government, are just the first step to secure the country and end the slaughter of our brothers and sisters in Christ,” Moore wrote.
US President Donald Trump said on Thursday that American forces had conducted deadly strikes against Islamic State terrorists in north-western Nigeria.
Trump, who spoke via his Truth Social platform, warned that more attacks would follow if the militants continued killing Christians, adding that the Department of War executed numerous “perfect strikes.”
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