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PoliticsTinubu’s Anti-people, Reverse Robin Hoodist “courage” by treesun(op): 8:13am On Apr 06, 2024
President Bola Ahmed Tinubu is so inordinately inebriated by his IMF-motivated decision to remove subsidies on petrol that at every opportunity he has he brags about it in giddily superlative terms.


For example, during a meeting with the Nigerian community in France on June 24, 2023, he couched his decision to impose the Tinubu fuel tax (to borrow from his 2012 characterization of Goodluck Jonathan’s subsidy removal) on Nigerians in epiphanic, providential, and inspirational terms.

He told Nigerians in France that during his inaugural speech on May 29, 2023, he was suddenly overcome by a mysterious force of unusual courage, which propelled him to veer off his prepared speech to announce the removal of fuel subsidies. “When I got to the podium, I was possessed with courage, and I said, ‘subsidy is gone!’” he said with a smug glow of perverse, meanspirited self-satisfaction.

Again on November 22, 2023, Tinubu boasted to investors at the 10th German-Nigerian Business Forum that his courage to remove petrol subsidies and visit unheard-of economic violence on poor, luckless Nigerians was a gargantuan feat of derring-do worthy of acknowledgement in the Guinness World Records.

“Nigeria voted for me for reforms, and from day one of my inauguration, I started the reforms,” he said. “To me, if you didn’t mention me in the Guinness Book of Records, I’d strive to find a way to insert myself because I did it without expectation.”

Well, the IMF, whose approval he desperately seeks and on whose behalf he is harming Nigerians, has approbated his policies, which should be more important to him than an entry in the Guiness World Records for sadistic governance.

“The new [Tinubu] administration has made a strong start, tackling deep-rooted structural issues in challenging circumstances,” the IMF said on February 14. “Immediately, it adopted two policy reforms that its predecessors had shied away from: fuel subsidy removal and the unification of the official exchange rates.”

The IMF then instructed that “electricity subsidies are costly, do not reach those that most need government support and should be phased out completely.”

On February 16, that is, exactly two days after this IMF directive, Minister of Power Adebayo Adelabu announced that the government would withdraw electricity subsidies. That’s precisely why the government has approved a more than 200 percent hike in electricity tariffs this week. As I’ve repeatedly said, the IMF is the de factor ruler of Nigeria. Tinubu and his henchmen are mere cushy neo-imperialist surrogates.

Well, I don’t know of any halfway rational human being in the world who will see courage in choosing to hurt the dispossessed who can’t fight back. There is no courage in trampling on the poor, the weak, and the defenseless.

There is no courage in kicking people who are already down, people who are down on their luck, and people who are down in the dumps as a consequence of being serial victims of a steady succession of cruel and self-serving governments who are servile errand boys of the racist sadists at the IMF.

There is no courage in oppressing the oppressed. That's cowardice. That’s callousness. It’s unrelieved maliciousness. And it’s not something to be proud of, not something to make a song and dance about. On the contrary, it’s something to be mortally ashamed of.

Real courage comes from standing up to bullies, which the World Bank and the IMF are, and from defending the defenseless against oppressors. Courage comes from shielding the weak from the untoward designs of the strong and the unjust. It comes from protecting the underdog from the unprovoked aggression of the top dog.

Since Tinubu came to power nearly a year ago, he has never implemented any policy that gives even an ounce of solace to the poor. Instead, like Muhammadu Buhari before him, he is a proud reverse Robin Hood who takes from the poor to enrich the already rich, with the recent IMF-directed astronomical increase in electricity tariffs—which makes electricity in Nigeria more expensive for “Band A” users than I pay in the United States—the latest example.


The only people who will benefit from the latest tariff hikes are Tinubu’s friends who own power generation and distribution companies. As a Tinubu-supporting friend pointed out to me on Friday, “This is a government of the elite, for the elite, and by the elite.”

In the United States where the IMF is headquartered, there are electricity subsidies for low-income households, yet it wants none for anybody in Nigeria. The primary federally funded electricity subsidy program here is called the Low Income Home Energy Assistance Program (LIHEAP).

LIHEAP provides eligible households with financial assistance for energy bills, emergency energy services to prevent disconnection, and low-cost home improvements, known as weatherization, to help make homes more energy efficient.



LIHEAP is funded by the federal government, but the program is administered at the state level, which means eligibility requirements and the form of assistance offered can vary from one state to another.

Generally, to qualify for LIHEAP, a household's income must fall below a certain threshold, which is typically set at a percentage of the federal poverty level or a percentage of the state's median income level.

In addition to LIHEAP, some states, utilities, and non-profit organizations offer additional assistance programs or subsidies to help low-income households with their energy needs. These programs may provide direct bill assistance, energy-efficient home improvements, or emergency aid for utility shutoff prevention.

Yet, the IMF has bludgeoned the Nigerian government into removing subsidies for electricity that isn’t even constant and reliable. And being the slavish lackeys that they are, they obeyed like dutiful, well-trained poodle dogs. Of course, it’s because it doesn’t hurt them, their immediate families, or their associates.

The IMF never tells Third Word leaders to increase the minimum wages of workers. Maybe that’s why Tinubu’s Guinness-World-Records-size courage is absent when it comes to approving a minimum wage for Nigerian workers.

The 30,000-naira minimum wage that the Muhammadu Buhari regime approved for workers expired in March. The Tinubu government had promised that a new minimum wage would start on April 1. That has turned out to be a cruel April Fools’ joke on Nigerians.

The last we heard of this issue is that the minimum wage committee would “reconvene mid-April to continue further negotiations and consultations on the new minimum wage expected to be announced by President Bola Tinubu on May 1, 2024.”

This is the same committee that requested 1.8 billion naira (which it later scaled back to 1 billion naira) just to sit in comfort and decide how much the least remunerated government worker will receive. “Start with N500million first,” Tinubu wrote in a leaked memo.

As senator Shehu Sani quipped on Twitter, “The minimum wage committee… allocated the maximum wage for themselves.” What exactly does the 37-member committee—made up of governors who don’t pay the current 30,000-naira minimum wage even when money realized from petrol subsidy removal has tripled their monthly allocations— want to use a billion naira (later reduced to 500 million naira) to do?

There was no committee when petrol subsidies were removed. There was no committee for the removal of electricity subsidies, which will now ensure that Nigeria descends into total darkness. But when it comes time to increase the minimum wage of workers, an expensive committee is needed.

In other words, where the welfare of everyday folks is concerned, Tinubu loses his magisterial, self-affirming courage. He transforms from a lion to a chicken. His courage only emerges when he oppresses the poor and recedes when he is required to help the poor. May God save Nigerians from Tinubu’s courage.

https://www.farooqkperogi.com/2024/04/tinubus-anti-people-reverse-robin.
PoliticsRe: NERC Adopts FX Rate Of N1463.3/$ In Calculating New Electricity Tariff In 2024 by treesun(op): 8:08am On Apr 06, 2024
In sane leaders!
PoliticsNERC Adopts FX Rate Of N1463.3/$ In Calculating New Electricity Tariff In 2024 by treesun(op): 3:44pm On Apr 05, 2024
The Nigerian Electricity Regulatory Commission (NERC) has applied an exchange rate of N1463.3/$ in calculating the new electricity tariff for Band A consumers in the recent electricity tariff review.

This is according to the revised Multi Year Tariff Order (MYTO) from the NERC to all 11 electricity discos across the country in 2024.



The exchange rate in the reviewed order is significantly higher than the figure applied in calculating the FX rate in the early in January- when the rate stood at N919.38/$. This makes a difference of N543.92 compared to the earlier rate.

Fluctuations in the FX market
The increase in prices is attributed to fluctuations in the foreign exchange market since the start of the year, with the naira experiencing a sharp decline, reaching as high as N1800 in the parallel market by March.

In recent weeks, however, the naira has seen a significant recovery, dropping to below N1300 in the parallel market, thanks to the Central Bank of Nigeria’s (CBN) implemented reforms.

These reforms from the apex bank include raising the interest rate to 24.75%, providing foreign exchange to Bureaux de Change (BDCs) at a set rate, and imposing restrictions on international oil companies, limiting their ability to repatriate 100% of their foreign exchange earnings immediately.

Increase in domestic gas price
The Nigerian Electricity Regulatory Commission (NERC) has incorporated the new domestic gas price of $2.42/MMBTU, set by the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA), as a key factor in determining the updated electricity tariff for Band A consumers.



Backstory
Nairametrics earlier reported the Nigerian Electricity Regulatory Commission (NERC) increase of the electricity tariff for Band A consumers from N68/KWh to N225 per Kilowatts hour.

The commission had stated that the hike only affected around 15% of the total electricity consumers in the country who enjoy around 20hrs of electricity daily.

Prior to the NERC’s increase of electricity tariff for the Band A consumers, the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA) had earlier increased the base price for domestic gas supply to power companies across the country from $2.19/ MMBTU to $2.42/MMBTU.

https://nairametrics.com/2024/04/05/nerc-adopts-fx-rate-of-n1463-3-in-calculating-new-electricity-tariff-in-2024/
PoliticsRe: FG Increases Electricity Tariff by treesun(op): 1:01pm On Apr 03, 2024
Is this government sensitive!
PoliticsFG Increases Electricity Tariff by treesun(op): 1:00pm On Apr 03, 2024
The Nigerian Electricity Regulatory Commission (NERC) has approved the increase of electricity tariff for customers under the Band A classification.

At a press briefing in Abuja on Wednesday, NERC’s Vice Chairman, Musliu Oseni, said the increase will see the customers pay N225 kilowatt per hour from the current N66.


Traveling across Quang Binh to stunning cinematic locations

Daily Trust reports that the customers under Band A are those who enjoy 20 hours of electricity supply daily.

Oseni said these customers represents 15 percent pf the 12 million electricity customers in the country.

FG to begin payment of N1.4tr debt to Egbin Power in April

Why work is yet to start on P/Harcourt-Aba rail – FG

He added that the commission had also downgraded some customers on the Band A to Band B due to non-fulfilment of the required hours of electricity provided by the electricity distribution company.

“We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 percent now qualify as Band A feeders. These feeders only service 15 percent of total electricity customers connected to the feeders.


He added that the commission had also downgraded some customers on the Band A to Band B due to non-fulfilment of the required hours of electricity provided by the electricity distribution company.

“We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 percent now qualify as Band A feeders. These feeders only service 15 percent of total electricity customers connected to the feeders.

“The commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour.”

He added that the review will not affect customers on the other Bands.

Citing sources, Bloomberg had on Tuesday reported that power companies will be allowed to raise electricity prices to N200 ($0.15) per kilowatt-hour from N68 for urban consumers.

It quoted people in the presidency with knowledge of the matter saying this was in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs (subsidies).

According to the news agency, “Nigerians will now have to pay $2.42 per one million British thermal units from the previous rate of $2.18 MMBtu.”
The development comes amid Monday’s announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of an increase in the price of natural gas, which is used to generate more than 70% of electricity in Nigeria.

https://dailytrust.com/breaking-fg-increases-electricity-tariff/
EducationUK Varsities To Layoff Workers, As Enrolment By Nigerians, Others Dwindle by treesun(op): 9:41pm On Apr 02, 2024
No fewer than 15 universities in the United Kingdom have announced plans to sack some workers and even stop running some courses because of the sharp decline in enrolment by foreign students including Nigerians.

According to a report by University World News, the sharp decline in foreign students enrolment was particularly felt at the postgraduate level.


The development is also connected to the decision by the Uk government to reduce international students, as some concessions given them that level have been whittled down.

Also, there are concerns too that the high cost of living being experienced globally may negatively affect enrolment of foreign students at the undergraduate level.

From the prestigious Russell Group Universities to mid-tier universities and Scottish institutions, the current situation is not sparing most universities.

Robert Gordon University (RGU) recently introduced a voluntary severance scheme in the face of staff redundancy due to its financial difficulties as a result of a notable decline in international student enrollments, a consequence of post-Brexit alterations in UK immigration policies.

RGU cited escalating cost pressures and a considerable reduction in public funding as contributing factors.
https://www.vanguardngr.com/2024/04/uk-varsities-to-layoff-workers-as-enrolment-by-nigerians-others-dwindle/

Politics30 Children Reportedly Kidnapped By Bandits In Katsina by treesun(op): 12:28pm On Apr 02, 2024
At least thirty children are believed to have been kidnapped by suspected bandits at Kasai village in Batsari Local Government Area of Katsina State.


Batsari is one of several Security Frontline Local Government Areas in Katsina State where activities of bandits, and other criminal elements have been on the increase almost on a daily basis.

At the time of filling in this report, government and security agencies were yet to comment on the issue.

However, a resident of the area, told Channels Television in a telephone call, that the fresh attack on the children, took place in the early hours of Monday.

He explained that the victims were intercepted and kidnapped by the hoodlums behind the village area while in search of firewood for cooking.

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“Yes, the attack occurred yesterday Monday in the morning hours. It all began when the children numbering up to thirty went behind the Kasai village to secure firewood which, their parents will use to cook food for them.

“Unfortunately, some suspected bandits intercepted them and took them to an unknown destination.

“We do hope and pray that peace and security will be restored in our state”, he added.

The Police Public Relations Officer in the state, ASP Abubakar Sadiq, is also yet to respond to enquiries by Channels Television.


https://www.channelstv.com/2024/04/02/breaking-30-children-reportedly-kidnapped-by-bandits-in-katsina/
PoliticsRe: Nigerian Leaders Like Men In ‘Drunken Stupor’ – Kukah by treesun(op): 11:15pm On Apr 01, 2024
Kposkila:
For example Wike n fubara
I cant laugh!
PoliticsRe: Nigerian Leaders Like Men In ‘Drunken Stupor’ – Kukah by treesun(op):
Nlfpmod, watchout for what Bayo and co with dementia will say against Father Kukah!
PoliticsNigerian Leaders Like Men In ‘Drunken Stupor’ – Kukah by treesun(op): 9:54pm On Mar 31, 2024
The Catholic Bishop of Sokoto Diocese, Matthew Kukah, on Sunday, said for over 60 years, Nigerian leaders have looked like men in a drunken stupor who stumble and fumble while searching for the way home.

Kukah, in his Easter message made available to newsmen, called on the Federal Government to come up with a robust template for how it wishes to reverse and put the country on a path of national healing.

He said, “Our leaders chose the feast rather than the fast. We are today reaping what we sowed yesterday. For over 60 years, our leaders have looked like men in a drunken stupor, staggering, stumbling and fumbling, slurring in speech, with blurred visions searching for the way home.

“The corruption of the years of a life of immoral and sordid debauchery has spread like cancer destroying all our vital organs. The result is a state of a hangover that has left our nation comatose.


Notwithstanding, Easter is a time to further reflect on the road not taken. It is a time to see if this Golgotha of pain can lead us to the new dawn of the resurrection. Nigeria can and Nigeria will be great again. Let us ride this tide together in hope.”

As part of measures to curb the current economic woes and curtail hunger among the citizens, the bishop urged the government to come up with some urgent steps to put the nation on the path of healing.

These, he said, must include a deliberate policy of inclusion that will drastically end the immoral culture of nepotism.


He said, “The government must design a more comprehensive and wide-ranging method of recruitment that is transparent as a means of generating patriotism and reversing the ugly face of feudalism and prebendalism

“There is a need for a clear communications strategy that will serve to inspire and create timelines of expectations of results from policies.

“There is a need for clarity over questions of the who, what, when, and how national set goals are to be attained and who can be held accountable.”

The bishop added, “Second, the notion of rejigging the security architecture is a hackneyed cliché that is now at best, an oxymoron. It is difficult to fathom our current situation regarding the ubiquity of the military in our national life.

“It is impossible to explain how we can say we are in a civilian democracy with the military literally looking like an Army of occupation with an octopussean spread across all 36 states and Abuja.

“This has very serious consequences both for its professionalism, its integrity and perceived role in protecting society. No other person than the immediate past Chief of Defence Staff, General Lucky Irabor, who recently referred to the military as facing the dilemma of what he called ‘see finish.’ It is now difficult to say whether the persistence of insecurity is a cause or a consequence of military ubiquity.


” Trillions of naira continue to go into bottomless pits with little measurable benefits. Our military’s professionalism cannot be diluted by the recruitment of hunters, vigilante groups, and other unprofessional and untrained groups.”


Kukah noted that “this is not sustainable because it leaves the military open to ridicule and perceptions of surrender. Fighting insecurity is now an enterprise. I believe our security men and women can defeat these criminals in a matter of months. All we hear and see are fingers pointing to the top. No, this must end.”

The bishop expressed delight that President Bola Tinubu recently announced that kidnapping and banditry are now to be treated as acts of terrorism.

“If so, we need to see a relentless and implacable plan to end this menace with a definite deadline for bringing these terrorists to their knees, no matter what it will take,” he said.

Kukah encouraged the President to continue on the path of probity, to take further steps to cut down the overbearing costs of governance and to put in place more comprehensive plans towards achieving both food and physical security across the country.

He said merely distributing money through already corruption-riddled structures is not enough and diminishes the dignity of citizens.

The cleric argued that no one needs to line up to receive aid when the nation is not in a war.

“Give our people back their farms and develop a comprehensive agricultural plan to put our country back on the path of honour and human dignity,” he said.
https://punchng.com/nigerian-leaders-like-men-in-drunken-stupor-kukah/

PoliticsRe: FG Subsidises Hajj Fares With ₦90 Billion by treesun(op): 9:02am On Mar 30, 2024
Floky215:
And again..one add value to humanity the other add zero value..!!
N5bn for students loan, N90bn for Hajji, but some low thinkers still praising FG for this!
PoliticsFG Subsidises Hajj Fares With ₦90 Billion by treesun(op): 11:38am On Mar 29, 2024
The federal government has released a sum of N90 billion to subsidise the 2024 pilgrimage to the Kingdom of Saudi Arabia, Daily Trust has learnt.

An impeccable source within the National Hajj Commission of Nigeria (NAHCON) revealed this to Daily Trust on Thursday.

The source, who asked not to be named, noted that without this intervention, each of the intending pilgrims would have been requested to add at least N3.5 million to the initial fare which was pegged at N4.9 million.

A top official at the Presidency also confirmed that the federal government “actually provided some financial support for the hajj exercise”.

Recall that the NAHCON had, in December last year, fixed a fare of N4.9 million per pilgrim based on the exchange rate of N897 to a dollar.

In announcing the fare at that time, the commission had quoted the sum of N4,899,000 for southern pilgrims; N4,699,000 for those from the North; while pilgrims from Yola and Maiduguri centres were asked to pay N4,679,000.

Through a statement issued on Sunday by its spokesperson, Fatima Usara, the hajj commission had raised the fare by N1, 918,032.91, jacking up the total amount to N6.8 million.

The commission had also said intending pilgrims had up to yesterday (March 28, 2024) to make payment for the spiritual exercise.

The NAHCON had attributed the latest hike in hajj fare to the foreign exchange crisis which Nigeria has been battling for months.

The NAHCON’s source told Daily Trust that if the commission had received up to N230 billion as support from the federal government, there would have been no need to ask intending pilgrims “to add a dime.”

“The forex crisis has caused a lot of problems. That is why the Hajj Commission has asked intending pilgrims to pay the extra amount of N1.9 million each. The commission actually needed N230 billion to sort out the fare differential caused by the forex crisis.

“The N90 billion support which was provided by the government was announced in the presence of reporters during the inauguration of the board and management of the Hajj Commission which was held at the Office of the Vice Presidency on February 28, 2024. But they (reporters) were asked not to report it. That was why no newspaper carried the report. Or did you see it in any reports?”

“If the intending pilgrims pay ₦1.9 million, it is then it can be balanced,” the source further stated.

He said the NAHCON had also contacted state governors “to subsidise the hajj fare for the intending pilgrims in their respective states. Kano has responded by subsiding it by N500,000 for each pilgrim.

“By the previous calculation, the N90 billion given by the federal government can only subsidise 19,000 intending pilgrims by ₦3.5 million. But by spreading it on 50,000 pilgrims, it reduces it to N1.9 million; meaning that the federal government has subsidised each pilgrim by ₦1.6 million before each intending pilgrim was asked to add the remaining N1.9 million,” he said.

A presidency source, who also spoke to Daily Trust yesterday, said it was true that the federal government had provided what he called a “huge financial support” for this year’s hajj exercise.

Asked to confirm whether the federal government released up to N90 billion as support for the pilgrimage, the official simply said: “that might not be far from the truth.”

He added, “Of course, the federal government has offered support for the pilgrims because the pilgrims have been lamenting.

“Normally, any support that the government is giving to any faith, whether the Christian faith or the Muslim faith, the government does not like to announce it openly so that it will not appear as if the government is favouring on faith.”
https://dailytrust.com/exclusive-fg-subsidises-hajj-fares-with-n90bn/

PoliticsRe: Unemployment Responsible For Rising Banditry, Kidnapping, Obasanjo Tells FG by treesun(op): 9:25am On Mar 27, 2024
OBJ! Ebora Owu, agbo atoo!
PoliticsUnemployment Responsible For Rising Banditry, Kidnapping, Obasanjo Tells FG by treesun(op): 7:33am On Mar 27, 2024
Former President Olusegun Obasanjo has linked the growing activities of bandits and kidnappers to the unemployment situation in the country.

Obasanjo spoke during his address at the 9th International Trade Exhibition & Conference on Agrofood, Plastics, Printing, and Packaging which was held in Lagos on Tuesday.

The trade fair was jointly organised by FairTrade Messe and the Organisation for Technology Advancement of Cold Chain in West Africa.

“Of course, if we are able to achieve this, it will improve our security. Part of our insecurity are men and women that are not properly engaged. If we are able to give them employment, there will be less of them getting involved in banditry, in kidnapping and in doing various other criminal activities that they get involved in,” Obasanjo noted.

The former president, who described himself as ‘a mad man for agriculture,’ said there was need to promote agribusiness for food security, nutrition security, employment, wealth creation, poverty elimination and income generation, particularly, foreign exchange.

According to him, the drive toward food security in the country must encapsulate food availability, affordability and accessibility.

Obasanjo said, “A friend of mine said to me, you must be a madman. I asked him what he meant, and he said if I was not a mad man I would not have gone into agriculture. So, I am a madman for agriculture. When it has to do with agriculture, you can be sure that when you call me, I will answer.


“Food security starts with availability. We must be able to produce enough. Then there is affordability. We must be able to get everybody who needs food to be able to get the food that they need. Then there is accessibility. We must get food to where it is needed.

“Almost 40 per cent of our food go to waste after cultivation. So, food security and nutrition security makes agribusiness important.”

Speaking further, Obasanjo noted that one of the most potent means of curbing youth emigration, unemployment and insecurity is to get more young people to embrace agriculture.

He regretted that Nigerian youths often prefer to explore opportunities in the entertainment industry, which underscores the need to make agriculture more glamorous.

He also called on policymakers at all levels to ensure policy consistency that would allow farmers to set short and long term targets without worrying about possible policy somersaults which may topple their plans.

A key part of this, he said, involved making single-digit loans available to farmers, as no agribusiness can produce profitably with double digit loans.

He added, “First is employment, with our teeming population and the problem we have with our youths going over the desert and risking their lives at the Mediterranean will stop. What can we do to give them enough employment at home?


“The area that is sure to provide employment for our teeming youth population is agriculture. When you talk about agriculture, not many of them will want to come to the farm, they will rather go into the music that they do now. We have to make agriculture glamorous because these youths, they make money that way (through music), and then you are asking them to come to the farm. They won’t want to.

The Managing Director of Fairtrade Messe, Paul Maerz, said this year’s edition of the event features over 140 exhibitors from across the globe, showcasing tailored products and solutions for the Nigerian market.

He said the exhibition was germane because Nigeria’s investments in food & packaging technology are soaring, positioning the nation as a key player in Africa, which trails only South Africa.

He noted that despite significant investments in local food production, Nigeria remains one of Africa’s foremost food importers and food.

He said, “As we gather here, we embark on a journey fueled by innovation, collaboration, and shared aspirations for the advancement of Nigeria’s agrofood and plastics industries. With each passing edition, our commitment to excellence has only grown stronger, and we are proud to present the elevated standards set for this year’s event.

“As Africa’s largest economy continues to invest in agrofood and plastprintpack solutions, products, and technologies, we stand at the threshold of unprecedented opportunities for all market participants.

“Nigeria’s food production has witnessed a remarkable surge of 40 per cent in recent years, from €26bn in 2016 to €36bn in 2020, projected to rise by 48 per cent between 2021 and 2024, from €42bn to €63bn. Imports are surging further, but Nigeria emerges as a leader in plastics technology investments, with remarkable growth rates.”


On his part, the Minister of Agriculture and Food Security, Abubakar Kyari lamented that post-harvest losses remain a pressing concern in Nigeria, with estimates suggesting that up to 40 per cent of our agricultural produce is lost annually due to inadequate storage and transportation facilities.

This alarming statistic, he said, represents not only a substantial economic loss to our farmers but also poses a grave threat to food security and nutrition in our nation.

Noting that Nigeria, like many other West African nations, grapples with significant post-harvest losses, exacerbated by inadequate cold chain facilities and inefficient supply chain systems, Kyari said it was imperative to underscore the pivotal role that cold chain infrastructure plays in safeguarding the integrity of our agricultural produce and ensuring food security for the populace.

“Cold chain infrastructure, encompassing refrigeration, transportation, and storage facilities, plays a crucial role in preserving the quality and nutritional value of agricultural produce from farm to fork.

“In this regard, the Nigerian government is committed to fostering partnerships and collaborations with both public and private stakeholders to strengthen our cold chain networks,” he said.

The ambassador of the Kingdom of the Netherlands, Wouter Plomp, pledged the commitment of the European nation in strengthening ties with Nigeria to ensure food security in the country.

He noted that agriculture was a key component of the Nigerian economy; hence, it was important to create an environment that allows agriculture to thrive.

https://punchng.com/unemployment-responsible-for-rising-banditry-kidnapping-obasanjo-tells-fg/#google_vignette
PoliticsTransmission Company Of Nigeria CEO, Abdulaziz Sule Bribes Power Minister With 2 by treesun(op): 2:25pm On Mar 26, 2024
Procurement and Audit Departments; together, they ensure that regulations governing pre and actual qualifications are in place such as valid Company Profiles, Tax, and detailed status of relevant contractors.

“Under the circumstances, it is impossible for any underhand practice to take place, not to mention contravention of the rules.

“The management of the TCN is focused on delivery of its mandate and has never shied from this responsibility.

“However, in the course of meeting Nigeria’s dire electricity needs, the management is not averse to adopting some accelerated procurement process (Emergency procurement), where there is need to adopt special methods in the procurement of critical and very urgent infrastructure, that require interactions with that of other stakeholders in the sector.

“Furthermore, it is the determination of the TCN management never to complain but to discharge its duties with the highest level of competence and professionalism, especially with the significant signing of what is known as ‘Service Level Agreement’ between it and distribution companies (Discos) across the country on zero tolerance for outages amongst other things, to avoid tampering of the reputation and revenue of the company, if these projects are not procured within reasonable time.”

She further stated that it is important to understand that the management of electricity generation and distribution revolves around some kind of sensitivity which is open to professionals in the field and some stakeholders.



https://saharareporters.com/2024/03/26/exclusive-transmission-company-nigeria-ceo-abdulaziz-sule-bribes-power-minister-2023
PoliticsCBN Sells Forex To BDCs At N1,251/$1as Naira regains strength by treesun(op): 6:13pm On Mar 25, 2024
The Central Bank of Nigeria has issued a circular to Bureau De Change operators (BDCs) informing them that they sold $10,000 to each BDC at a rate of N1,251/$1.

In a circular seen by Nairametrics, each BDC is to sell the dollars to eligible customers at a rate not exceeding 1.5% above the purchase price.

This suggest BDC are not expected to sell above N1,269/$1.

“We refer to our letter to you referenced TED/DIR/CON/GOM/001/071 in respect of the above subject wherein the CB approved a second tranche of sale of FX to eligible BDCs.

We write to inform you of the sale of $10,000 to each BDC at the rate of N1,251/$1. The BDCs are to sell to eligible end users at a spread of NOT MORE THAN 1.5 per cent above the purchase price.”

This confirms a resumption of sale of dollars to BDC operators after a protracted period of ban by the central bank in 2021.

The ban was lifted earlier in the year following the revocation of licences of over 4173 BDC operators in February.

Investigations by Nairametrics reveal that the exchange rate dropped below N1,400/$1 in the parallel market after closing at N1,431/$1 on Friday, with the referenced NAFEX rate at N1,382/$1.

What this means
At an estimated 1,500 BDC licenses remaining, Nairametrics estimates that over $15 million might have been sold into the retail end of the market. Before the revocation Nigeria had an estimated 5,689 licenses.

The resumption of forex sales to BDCs indicates that the apex bank is refocusing on enhancing liquidity in the retail segment of the forex market.

Previously, price arbitrage was a significant reason for the prohibition of forex sales to operators during Emefiele’s tenure, a time when the exchange rate was fixed.

However, with the exchange rate now being “market-determined” under a new forex regime, the apex bank believes that operators no longer have the incentive to engage in arbitrage by purchasing at lower rates from the CBN and selling at higher rates in the parallel market.

By enhancing liquidity, the central bank aims to stabilize the forex market, narrow the gap between official and parallel market rates, and ultimately reduce the volatility of exchange rates.

This strategy is expected to make forex more accessible to retail and small-scale enterprises, fostering a more transparent and efficient market.

If sustained, Nairametrics projects that the impact of improved liquidity could lead to an even stronger Naira in the short term. This is further supported by the expected hike in MPR rates when the CBN meets later this week.
https://nairametrics.com/2024/03/25/cbn-sells-forex-to-bdcs-n1251-1/

PoliticsGumi Not Above Law, He's Been Invited For Questioning- FG by treesun(op): 5:20pm On Mar 25, 2024
The federal government said the Kaduna-based Islamic cleric, Ahmad Gumi has been invited for questioning over his comments on the activities of bandits in the country.


Mohammed Idris, minister of information and orientation disclosed this while addressing journalists at the State House, in Abuja on Monday.



Recall the controversial cleric faulted the Federal Government on the continued use of force or kinetic means to secure the release of victims of kidnapping.

Gumi said the government ought to go closer to the bandits and study them to provide them with better living conditions.

According to him, the government’s use of force has now turned the bandits into monsters.

He said, “These bandits are getting more vicious. Before they were not doing this. They are heading to softer targets and we can only attribute this to the kinetic approach.

“Now we are fighting bandits. They are anonymous. You cannot fight someone you don’t even know. We said let’s go in, let us know them, let’s map them out – know who they are and where they belong. All this intelligence information is virtually not there.

“The high-handed approach to the matter is what is making it worse. Now they are kidnapping children and threatening death, which they were not doing before. So, I think what to do is really go back to the drawing board and be truly non-kinetic.”

On how to halt the trend, he said government should design a programme like the amnesty initiative for the Niger Delta militants.

“You need a programme just like the Niger Delta, a programme which will bring them out of their forests, educating then, giving them healthcare, giving them peaceful life. This is how you entice people to abandon violence and militancy.


“But when you continue dropping bombs, they will find no sympathy and empathy for our children. This is it. An eye for an eye. This is what is happening. So, we have to change our tactics, we have to change our styles.

We know leaders of bandits

“The government, everybody knows their leader. In fact, there is a book, ‘I am a bandit by one Murtala, an Academic. He listed more than 160 bandit leaders. We know their leaders by their names but you don’t know their foot soldiers.

“You don’t know all of them. So, you just know their leaders. If you don’t know their foot soldiers, how can you be fighting? They can just come into the town as civilians and then go out,” he said.


https://www.vanguardngr.com/2024/03/breaking-gumi-not-above-law-hes-been-invited-for-questioning-fg/
CrimeRe: Ondo: Murdered Woman Stabbed By Mentally Challenged Teenage Niece – Police by treesun: 8:49pm On Mar 24, 2024
Putindbutt:
Very good, keep it up nigga. My own destiny no de observe bad news like your destiny. when bad new jam una family too, make sure you use same energy to mention me, i will sympathize with you.
You must be pathetic WP. Good night to your destiny!
CrimeRe: Ondo: Murdered Woman Stabbed By Mentally Challenged Teenage Niece – Police by treesun: 8:34pm On Mar 24, 2024
FamilyRe: Nigeria Has 2nd Highest rate of Paternity Fraud In The World by treesun: 8:31pm On Mar 24, 2024
[quote author=chopnaira post=129089670][/quote]May be this one trolling me dont even know is father!
EducationRe: "149 Kuriga School Children Still Missing" - FIJ by treesun: 8:28pm On Mar 24, 2024
Putindbutt:
Of course, enemies of the state with their usual propaganda. Shebi you're in the bush with the bandits to know they are not complete. Make sure you take good care of the remaining students in the bush, Ode boy.
Add HoNL to your list. You think we are foolish like you!
EducationRe: "149 Kuriga School Children Still Missing" - FIJ by treesun: 8:09pm On Mar 24, 2024
HonNL:
SOURCE
Presidency have celebrated the return. Putindbutt, this is another bad news, please add politiciong to your list!
PoliticsRe: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:38pm On Mar 24, 2024
Putindbutt:
These newspapers report both sides but enemies like wake up every morning, looking for the negative reportings only.
Tell your daddy newspaper, The nation not to carry news again, so we will not post! Your daddy even cancelled his birthday because of too much killings and suffering!
PoliticsRe: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:35pm On Mar 24, 2024
Putindbutt:
So, you agreed that terrorism is PDP legacy, very good.
You must be olodo to compare life then with now. APC started boko haram, terrorism! Slow poke dede!
PoliticsRe: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:09pm On Mar 24, 2024
Putindbutt:
What type of evil thread?, you enemies of the state.
We where not kids during PDP era!
PoliticsRe: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:07pm On Mar 24, 2024
Putindbutt:
What type of evil thread?, you enemies of the state.
Let just laugh you to scorn, is Punch, Vanguard, The Nation enemies of state for reporting real time! Mad people everywhere!
PoliticsRe: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 6:59pm On Mar 24, 2024
Putindbutt:
Ogododo, treesun, iwaeda, omooba77, you will never open a thread when Army killed terrorists or when kidnapped victims are rescued. Enemies of state, you will all lose las las.
You need medical attention. When Seunmsg open evil thread, he is patrotic!
PoliticsRe: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 6:15pm On Mar 24, 2024
Melagros:
COMRADES, I hate this regime of Bola Ahmed Tinubu because is too bloody
Say that again!
PoliticsBoko Haram Attacks Military Base In Yobe, Kills Soldier by treesun(op): 6:13pm On Mar 24, 2024
Suspected terrorists about midnight of Saturday, March 23, attacked a military base in Gujba town, Gujba Local Government Area of Yobe State, killing a soldier.

Yobe State Police Command’s spokesman, DSP Dungus Abdulkarim, who confirmed the attack to The PUNCH on Sunday, said a military patrol vehicle was also torched by the suspected terrorists.

“The only thing I can confirm to you now is the attack. A soldier was killed, and troops and CJTF engaged the suspected terrorists,” he said.

Reliable local sources told The PUNCH that the suspected insurgents, who stormed the town by 12 midnight, shooting indiscriminately and subsequently attacking the military base, were later repelled by troops who chased them out to the surrounding bush.

A resident of Gujba, Modu Bahna, while narrating his ordeal, said, “They (suspected terrorists) stormed the town some minutes after midnight, shooting sporadically and majority of us took to our heels into the surrounding bushes for our dear lives.”

“The attackers did not kill any civilian or loot food or other essential commodities stores,” another source, Dala Bukar, said, adding, “They only attacked the two patrol vehicles in the military base where a soldier was killed.”


This recent killing of military personnel is coming after 15 soldiers were killed during a communal clash in Delta State.

The personnel consist of two Majors, one Captain, and 12 soldiers.

They were said to have met their deaths while responding to a distress call during a clash between Okuama and Okoloba communities in the state.
https://punchng.com/terrorists-attack-yobe-military-base-kill-soldier/

PoliticsRe: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 6:16pm On Mar 23, 2024
No where is safe!
PoliticsTwo Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 9:33am On Mar 23, 2024
More facts on the attack on the Madaka community in the Rafi Local Government Area of Niger State emerged on Friday revealing that over 20 persons were reportedly killed in the onslaught.

Two monarchs and the vigilance group commander of the area were also said to have been killed in that attack on Thursday while the bandits were said to have overrun two communities in the area, burning houses and shops.

The gunmen were said to have stormed the community at about 3 pm on Thursday and shot indiscriminately, leaving many dead and injured.

The Village Head of the Madaka community, Saleh Kakuri, and one Commander Iko, who was the Deputy Commander of the vigilance group in the area under the Madaka District of Rafi were also killed in the attack.


The bandits also invaded Majanjan district where they seized the village head, Salihu Immahuri, his counterpart in Anguwan Bala, and his two wives and killed them.

Among the slain victims were Adamu Immahuri, a brother of the deceased ruler, and his four wives, as well as Shehu Salihu and Jamilu Isah.

A resident of the community who spoke under condition of anonymity said, “Over 30 bodies have been recovered by the villagers. The bandits attacked the communities at about 3:30 pm on Thursday and operated for hours without response from security agencies.


“The bandits operated for as long as they wanted without any challenge from the army or police.”

However, the District Head of Madaka, Isah Bawale, confirmed the incident in a phone interview on Friday.

He said, “The attack occurred around 3 pm on Thursday when the community.


Ukembrergya/Tswarev ward of the Logo Local Government Area of Benue State.

The incident, according to a community leader, Anawah Joseph, occurred between Tuesday and Wednesday.

Anawah stated that the attackers came in their numbers to attack the community armed with sophisticated weapons.

He said, “These attackers who are armed herders came in groups of up to 500; the Tuesday attack started around 4 pm and lasted till 8 pm, then on Wednesday, they resumed again. I don’t think they came to graze but to attack.


Confirming the attack, the Chairman of the area, Rev Adagbe Jonathan, said, “It happened on Tuesday and Wednesday with seven casualties. On Tuesday, two were killed and on Wednesday evening, five were killed in Yongia Ukambie Tiev, Ukembrergya/Tswarev ward.

“The attack was carried out by the herdsmen. Even when I went there on an assessment tour, they were still grazing on the other side of the road, claiming that the area was Taraba State.

“No one could just approach them. I’m even now in Makurdi. I reported to the Special Adviser on Internal Affairs and Security, the Special Adviser, the Bureau of Local Government and Chieftaincy Affairs, and the Permanent Secretary of the Bureau of Internal services.

The lawmaker representing Apa State Constituency in the House of Assembly, Abu Umoru, on Thursday, had lamented the incessant attacks on his constituency, saying he had lost count of casualty of the attack.

He said, “The entire Edikpo community has been displaced, Enre Opaha, where I come from, nobody in that community. (In) Odugbo, nobody is there, (same as) Akpete, Ikobi, Akpata, Idiaha, Ochumekwu, and Adiga.

“Everyday they will be burning houses in Akpete. As I speak to you, for three consecutive days, they have been going to Akpete and burning houses after chasing them out of their ancestral homes.

“They (bandits) have been ambushing, killing people – one, two, three to five persons on a daily basis. Right now, I don’t know the number of casualties. There are so many.


Efforts to get the response of the Police Public Relations Officer, SP Catherine Anene, were not successful as she did not pick up calls and did not respond to a text message sent to her.

IG deploys MOPOL

Meanwhile, the Inspection General of Police, Kayode Egbetokun, has deployed more mobile policemen to the troubled Apa Local Government Area of Benue State.

Disclosing this to our correspondent on Friday, the Chairman of Apa, Ochayi Alidu, said that he received the notification letter from the IGP deploying the cops to the local government area.

Alidu said, “I am in receipt of a letter of deployment of a unit of MOPOL to Apa at the instance of the state Governor, Rev Fr Hyacinth Alia. The unit (comprises) about 62 officers.”

The chairman appreciated President Bola Tinubu and the governor for the prompt response to the plight of the people of the area.


https://punchng.com/two-monarchs-28-others-killed-in-niger-seven-in-benue/

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