Connect with us

National News

NEC Outlines Initiative To Ensure Food Security, Affordability

Published

on

NEC Outlines Initiative To Ensure Food Security, Affordability

*With collective effort we’ll overcome our challenges – VP Shettima

By: Our Reporter

The National Economic Council (NEC) has taken bold steps to ensure food security and put an end to the economic challenges confronting the nation, including making fertilizer available to farmers and the establishment of Agro-Rangers to tackle insecurity in farms.

The decision was taken on Thursday during the 139th meeting of the Council held virtually and chaired by Vice President Kashim Shettima.

This is just as the Vice President has said with collective efforts in developing a clear and actionable roadmap through short-term, medium, and long-term strategies, Nigeria will overcome its economic challenges in the country.

Following a presentation by the Minister of Agriculture and Food Security, Abubakar Kyari @SenatorAKyari, on food security in the country, Vice President Shettima directed a meeting of the federal government with major fertilizer producers in the country, including Indorama, Dangote and Notore.

NEC noted that fertiliser is a major ingredient of agricultural productivity which the government is striving to attain and urged the state governors to embrace modern agricultural practices to increase productivity.

Council also considered the establishment of Agro-Rangers in the short-term and the possible creation of state police in the long-term to address security threats on farmers. This was after a presentation by the Minister of Police Affairs @MinofPoliceNG, Sen. Ibrahim Geidam.

The government is also planning to release 42,000 metric tonnes of food commodities from the National Strategic Reserve to address rising prices.

Minister of Agriculture called for action against dollarization of locally produced commodities like urea, which is impacting negatively on fertilizer prices and agricultural productivity.

Meanwhile, Vice President Shettima has called for sound economic decisions that will reverberate with the expectations of Nigerians.

He expressed hope that with collective efforts in developing a clear and actionable roadmap through short-term, medium, and long-term strategies, Nigeria will overcome its current economic challenges.

The Vice President also regretted that Nigeria had been a victim of strong averseness to evolving and keeping up with the changing global economic order, leading to a situation where making difficult decisions to maximize its potential has become inevitable.

“We must either redirect the economy towards a place of boom and competitiveness or brace for an impact we are unlikely to survive. So, beyond the heritage of our financial and monetary fiascos, we must compare notes to understand the interconnectedness of the dysfunctions in each sector of the economy,” he stated.

Delivering his opening speech titled, “It’s Time To Speed Up Our Prosperity Quest,” Senator Shettima told council members that it is President Bola Ahmed Tinubu’s desire that they all stand together to collectively proffer solutions to safeguard the nation’s economy from imminent implosion.

He observed that while the wealth of every nation is in the belly of its citizens, the government has a long distance to cover in its interventions to enhance “food availability and affordability.

“The call to secure and liberate areas under threat from violence, most of which are arable lands owned by our farming communities, is not just a matter of security but a strategic move to revive the economic lifeblood of our nation,” he added.

Noting that the citizens are only keen about tangible results, the VP stated: “Your Excellencies, distinguished ladies and gentlemen, while economic experts foresaw this transitional phase on our journey to a flourishing future, it is crucial to recognize that the ordinary citizen on the street is not concerned with any economic theory. Their daily concerns are anchored in the tangible.

“They are more invested in the price of maize than the predictions of GDP. So, as we deliberate on intricate economic strategies today, let us remain attuned to the heartbeat of the nation. We must ensure that our decisions resonate with the aspirations of the common man and woman who entrust us with their hopes and dreams.”

Acknowledging that the country is in the midst of a pervasive emergency, VP Shettima implored state governors, ministers and other NEC members to align their minds and actions with the reality on ground.

Other highlights of the meeting include:

  • Update on work done by the adhoc committees on oil theft prevention and economic matters set up in December.

UPDATES ON ACCOUNT BALANCE:

The Honourable Minister of Finance and Coordinating of the Economy gave Council update on the underlisted Accounts as follows:

EXCESS CRUDE ACCOUNT
$ 473, 754.57

NATURAL RESOURCES
N114, 343, 535, 696.46

STABILISATION ACCOUNT
N34, 315,780, 894. 45

PRESENTATION ON HEALTH SECTOR WIDE APPROACH AND SIGNING OF COMPACT AGREEMENT WITH STATES BY THE HONOURABLE MINISTER OF HEALTH AND SOCIAL WELFARE

Council was called to note that the goal of the sector is to save lives, reduce both physical and financial pain and produce health for ALL Nigerians.

On health, council resolved that there is a need for states to enhance their governance systems and structures, accountability frameworks, strengthen fiduciary systems and develop comprehensive performance management systems.

Clearly, there is a need for states to better engage with the federal government and ensure that we have one plan in delivering quality health plan to Nigerians.

UPDATE ON THE NEC COMMITTEE ON FLOOD

Following a potential flood warning from the Lagdo dam in October 2023, an existing ad hoc committee was reinstated by His Excellency the Chairman of NEC. The committee was mandated with producing a roadmap for flood prevention and response, while coming up with an immediate plan of action to mitigate the impact of flooding on the nation and Nigerians. This committee submitted its report with key recommendations and a strategic plan of action which was presented at the NEC meeting held on the 18th of October 2023.

Given the situation in the country, the NEC ad hoc Committee on flood was further mandated to investigate the projections for the 2024 raining season and present its findings at the next Council meeting to ensure preparedness and appropriate response ahead of the 2024 raining season. The committee has been tasked with working with experts at the various agencies to ensure that relevant data is made available on the 2024 flood forecast and necessary the reports are reviewed, and recommendations made to the NEC on how best to prepare and respond ahead of the 2024 flood season.

Council resolved to appoint the Governor of Kogi State, Ahmed Usman Ododo @OfficialOAU, to replace his predecessor as the chairman of the Committee on Flood Mitigation, Adaptation, Preparedness and Response.

NEC Outlines Initiative To Ensure Food Security, Affordability

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

VP Shettima: We’re Building Bridges To Take MSMEs Across Borders Of African Market

Published

on

VP Shettima: We’re Building Bridges To Take MSMEs Across Borders Of African Market

  • Inaugurates committee on hosting of 4th AU MSME Forum in Abuja

By: Our Reporter

The Vice President, Senator Kashim Shettima, has said the administration of President Bola Ahmed Tinubu has already taken bold steps to construct digital highways and bridges that would carry Micro, Small and Medium Enterprises (MSMEs) across borders into the heart of the African market.

According to him, while over 83 per cent of employment in Africa lies in the informal economy, the continent is not short on ideas and digital innovation that offer an unprecedented window to compete with the rest of the world.

Senator Shettima stated this in Abuja on Monday when he inaugurated the oversight committee recently approved by President Tinubu to organise Nigeria’s hosting of the 4th African Union (AU) Micro, Small and Medium Enterprises (MSME) Forum, scheduled to hold between June 23 and 27 in Abuja.

Listing some of the administration’s policies and programmes in this direction, the Vice President recalled that Nigeria chaired and spearheaded the AfCFTA Negotiating Forum, and has aligned its investment, digital trade, and competition policies with the agreement.

He noted that it is for this reason that Nigeria also established a Technology Export and Digital Trade Desk to support the nation’s entrepreneurs in exporting services and digital goods across Africa.

This, VP Shettima said, the i-DICE Programme, a 617.7 million dollar investment in digital and creative enterprises, and the 3 Million Tech Talent Programme, is set out to achieve by training Nigerian youths in coding, data science, and digital fluency to power the nation’s transformation.

The VP conveyed the assurance of President Bola Tinubu that Nigeria is ready to lead in shaping Africa’s digital trade future, even as the nation is harmonising its laws to make cross-border commerce seamless, secure, and scalable.

“We have reformed. We have invested. And we are resolved to see this transformation through. But none of us can achieve this in isolation. That is why this forum is not just important. It is indispensable. It provides the blueprint, the platform, and the partnerships that will empower African MSMEs to become the heartbeat of our economic renewal,” he said.

Earlier, the Deputy Chief of Staff to the President (Office of the Vice President), Sen. Ibrahim Hadejia, who is chairman of the organising committee, said the forum will provide a veritable platform for exchanging knowledge and ideas on MSME development and facilitate collaboration across the continent.

He said the theme of the summit, which is on “building resilient MSMEs through digital innovation, market access and affordable financing for Africa”, aligns with the efforts of the Tinubu administration in supporting development and growth in the sector.

On his part, the Minister of Information and National Orientation, Alhaji Mohammed Idris Malagi, who is a member of the organising committee, said hosting the 4th edition of the forum by Nigeria underscores growing confidence in Nigeria in the comity of nations.

The forum, he pointed out, reflects the efforts made by the administration of President Bola Ahmed Tinubu in providing a conducive environment for small businesses in the country.

In the same vein, the Minister of State for Industry, Sen. John Enoh, also a committee member, commended the leadership of President Tinubu and Vice President Shettima for prioritising the well-being and growth of small businesses, in acknowledgement of their contributions to the GDP and economic transformation.

He assured that efforts would be put in place to ensure that Nigeria successfully hosts the forum, while small businesses in Nigeria leverage the platform to improve in areas of access to affordable finance and markets, among other benefits.

On his part, the Special Adviser to the President on Job Creation and MSME, Mr Temitola Adekunle-Johnson, who is secretary of the committee, said the team would work collaboratively to deliver a world-class event that reflects the efforts of the Tinubu administration, assuring that the country would be ready ahead of the opening ceremony on June 23 in Abuja.

Also, Lagos State Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem, said the state hosts the largest number of MSMEs in the country, close to 70 per cent, adding that the government has taken steps to ease access to funds for these businesses through a N10 billion fund, the Lagos State – Bank of Industry MSME Access to Finance Scheme (LASMECO).

Apart from Lagos State, Benue, Imo, Enugu, Katsina and Ekiti States are all involved in the sub-committees of the project.

In separate remarks, the Managing Director of the Bank of Industry, Dr Olasupo Olusi; the Executive Chairman of Federal Inland Revenue Service, Mr Zacch Adedeji and the Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Charles Odii, who are members of the committee, pledged their commitment and support for the hosting of the meeting, noting that the benefits would positively impact local MSMEs and the overall national economy.

Other members of the committee include Ministers of Industry, Trade and Investment, Dr Jumoke Oduwole; Communication, Innovation and Digital Economy, Dr Bosun Tijani; Art, Culture, Tourism and Creative Economy, Barrister Hannatu Musawa; Executive Director of NEPC, Mrs Nonye Ayeni; Executive Secretary, NIPC, Mrs Aisha Rimi; CEO, NEXIM Bank, Mr Abba Bello, and President of NACCIMA, Mr Dele Oye.
End

VP Shettima: We’re Building Bridges To Take MSMEs Across Borders Of African Market

Continue Reading

National News

Fire Service Apologises To Families, Nigerians After Fatal Rescue Truck Accident Left Three Dead, One Other in Critical Condition

Published

on

Fire Service Apologises To Families, Nigerians After Fatal Rescue Truck Accident Left Three Dead, One Other in Critical Condition

By: Michael Mike

The Federal Fire Service has sent apologies to the families of the three killed in a headlong collision of a car with its rescue truck.

A statement on Sunday by the Controller of the FFS, FCT Command, Momodu Ganiyu read: “The management of the Federal Fire Service (FFS) has expressed profound regret over the tragic incident that occurred around 11:00 pm on Friday at the ECWA Church Junction around Nitel Junction, Wuse 2, Abuja, following a collision between one of its rescue trucks and a Toyota Camry that resulted in the loss of three young lives and left one survivor critically injured

The statement conveyed the FFS heartfelt condolences to the families of the deceased and expressed profound sorrow over the incident.

The Service acknowledged the immense pain and loss experienced by the families, emphasising that the victims’ promising futures were tragically cut short.

The FFS also extended prayers for the swift recovery of the survivor, who is currently receiving medical treatment in an undisclosed hospital..

The statement read: “As a service, we are sorry over the unfortunate incident that claimed the lives of three teenagers. We know that it is a difficult time for their family to cope, considering the age range of the children involved in this fatal accident.

“The Federal Fire Service is aware that losing one’s children is a deeply painful experience that marks the radical change of the family’s life and involves a wide range of sad emotions.”

The statement further explained that the accident occurred during a firefighting operation at Avenue Plaza, Banex, when one of the fire trucks, having exhausted its water supply, was en route to refill. Operating at high speed with its siren blaring, the truck collided with the Toyota Camry, which was emerging from a connecting street at the junction.

The statement said: “We want to categorically state that at the time of the incident, the Controller-General (CG) was out of town and could not be immediately reached due to network issues. Upon being informed, the CG promptly returned to Abuja to meet with the affected families.

“He has since ordered a thorough investigation into the circumstances surrounding the accident and will personally lead a delegation to convey condolences to the bereaved families.

“While a dedicated team has been set up to investigate the tragic incident, the driver has since been detained by the police , while those at the FCT rescue center have also been suspended until the investigation is concluded.”

The Federal Fire Service reiterated its unwavering commitment to safeguarding lives and property and expresses its deepest sympathy to all those affected by this heartbreaking event.
End

Fire Service Apologises To Families, Nigerians After Fatal Rescue Truck Accident Left Three Dead, One Other in Critical Condition

Continue Reading

National News

Enchanting Pington Showcases in Nigeria to Strengthen China/Nigeria Cultural Relations

Published

on

Enchanting Pington Showcases in Nigeria to Strengthen China/Nigeria Cultural Relations

By: Michael Mike

There was enchanting Pingtan, a traditional Chinese performance style, on display in Abuja on Sunday as China continues to deepen its cultural relations with Nigeria.

The event which was held at the China Cultural Centre in Abuja drew diplomats, artists, and culture enthusiasts, highlighting the growing synergy between Nigeria and China in promoting mutual understanding through the arts.

The rich, poetic rhythms of Chinese Pingtan music echoed through the centre as Chinese and Nigerian dignitaries, students, and cultural enthusiasts gathered to celebrate a profound cultural exchange.

The event, headlined by Wuxi Ballads: Portrait of Watertown Chinese Pingtan Art of Performance was organised by the Chinese Embassy in Nigeria and the China Cultural Center in Nigeria (CCCN).

In his welcome address, Counselor for Cultural Affairs of the Chinese Embassy in Nigeria and Director of the China Cultural Centre in Nigeria, Yang Jianxing, described the occasion as a bridge of friendship and understanding between the two nations.

He said: “Today, we gather to enjoy the Wuxi Fellows’ Portrait of Water town a Pingtan art performance. This is not just a performance; it is a gift of heritage, embodying the spirit of the Jiangnan region—rich in history, beauty, and talent.”

Yang also emphasised the uniqueness of Pingtan, a storytelling art form that originated in the water towns of southern China and combines narrative, opera, and instrumental music in the soft Wu dialect.

Deputy Director of the Wuxi Pingtan Troupe, Mr Shen Jie, elaborated on the cultural importance of the performance.

He said: “Pingtan uses the softer Wu dialect to recount the vicissitudes of life, evoking deep emotions through the pipa and sanxian. We hope this art serves as a bridge of peace, understanding, and harmony.”

Representing Nigeria’s Ministry of Art, Culture, and Creative Economy, Raphael Oraeluno noted that despite the geographical distance, “Pingtan blooms on this vibrant soil to foster heartfelt connections and shared values across borders.”

Oraeluno added that this art form, with its elegant storytelling and musical cadence, is similar to African oral traditions. We look forward to deeper partnerships and cultural exchanges between Nigeria and China.

The event also received commendation from Director of Programmes at the Federal Radio Corporation of Nigeria (FRCN), Mrs Msurshima Kighir who represented the DG FRCN, announcing that the FRCN will soon begin teaching Mandarin Chinese on its Network Service.

She said: “This is part of our commitment to promoting cultural understanding and unity through our programme Diplomatic Ties,” she said.

Director of FCT Secondary Education, Mrs Fatima Sambo praised China’s cultural outreach and noted that involving Nigerian students in such activities nurtures cross-cultural awareness.

“Without culture, there is no identity, and without identity, there is no nation,” she stated.

President of the Chinese Alumni Association and Society of Nigerian Artists, Mohammed Suleiman, emphasized the economic and creative potential in cultural performances.

“Art is not just a display—it’s a livelihood. This exchange shows how cultures can enrich each other and create employment through costume design, music, and language,” he said.

The evening concluded with thunderous applause for the visiting Wuxi Pingtan Troupe, who traveled over 10,000 kilometers to perform in Nigeria.

Their performance captivated the audience, blending traditional Chinese melodies with universal themes of love, history, and human connection.

Enchanting Pington Showcases in Nigeria to Strengthen China/Nigeria Cultural Relations

Continue Reading

Trending

Verified by MonsterInsights