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Nigeria’s Defence Minister Affirms Commitment to ECOWAS Security Cooperation

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The Honourable Minister of Defence, Mohammed Badaru Abubakar, has said that Nigeria is committed to regional security cooperation with other members of ECOWAS countries.

The Minister stated this during the Opening Ceremony of the Extraordinary Session of the Mediation and Security Council of the Economic Community of West African States (ECOWAS) at the Ministerial Level in Abuja.

This was contained in a statement signed by Henshaw Ogubike, Director ( Information & Public Relations), Ministry of Defence.

The Minister who attended the event along with his fellow ministers from across the ECOWAS community to deliberate on pressing security matters affecting the region.

The purpose of the meeting was on the withdrawal of three member states of the Economic Community of West African States (ECOWAS) namely; Niger, Mali and Burkina Faso which has generated concern across the region and posing security threats.

Representatives of member states under the leadership of the Commission’s Chairman and Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar came up with possible solutions for the pressing challenges facing members states, such as: climate change, violent extremism, migration, organized crimes among others.

The President of ECOWAS, Dr. Omar Alieu Touray said that this was the right time to come together as members of ECOWAS and solve our common problem.

Furthermore,Badaru emphasized the importance of collective action in addressing regional security challenges, saying that: “Nigeria remains committed to working hand in hand with our ECOWAS counterparts to ensure the safety and well-being of our citizens.”

The Minister’s active involvement in the ECOWAS Ministerial Level Session reflects Nigeria’s leadership role in promoting peace and security throughout West Africa. His unwavering dedication to advancing the ECOWAS security agenda sets a commendable example for regional cooperation and solidarity.

FG Reiterates Commitment to Labour Agreements amid Strike Threats

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Minister of State for Labour and Employment, Nkeiruka Onyejeocha, has assured the public that the Nigerian government remains committed to implementing the sixteen-point agreement made with organized labor to address challenges arising from the removal of fuel subsidy. The Nigeria Labour Congress and Trade Union Congress had issued a 14-day ultimatum to the government to meet their demands.

Onyejeocha emphasized the government’s dedication to honoring its obligations to workers and the less privileged, stating that the implementation of the Memorandum of Understanding (MoU) with organized labor is underway. She expressed confidence in President Bola Ahmed Tinubu’s administration, assuring that the government is actively working to address the nation’s needs and concerns.

While acknowledging the challenges faced by Nigerian workers, Onyejeocha highlighted the gradual nature of negotiations and resolutions, emphasizing the government’s commitment to ongoing discussions with trade unions. She assured organized labor of the administration’s dedication to open and constructive communication for positive labor relations.

Addressing concerns about the implementation of the N35,000 minimum wage, the minister stated that the award is being carried out, and any reported non-implementation issues are actively being addressed. She cited recent mediation efforts, such as resolving disputes between the National Union of Civil Engineering Construction, Furniture and Wood Workers and related associations, as part of the ongoing commitment to labor-related matters.

Prophet Isa El-Buba Urges President Tinubu to Address Hunger Crisis in Nigeria

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Prophet Isa El-Buba, the Global Convener of Initiative for Better and Brighter Nigeria (IBBN), has called on President Bola Ahmed Tinubu to urgently address the devastating hunger crisis in Nigeria. El-Buba expressed concern that the increasing hunger and poverty levels might lead to a full-blown revolt by the suffering masses if not addressed promptly.

He highlighted the challenges contributing to the hunger crisis, including the rapid depreciation of the naira, pervasive inflation, attacks on farmers by terrorists, and the displacement of people from farming zones. El-Buba emphasized that the situation is not limited to specific regions, affecting the entire country due to the high cost of energy and transportation, leading to a surge in food prices.

El-Buba urged the federal government to release grains from its strategic reserve depots and ensure their distribution to hungry Nigerians at affordable prices. He acknowledged the need for both short-term and long-term measures, suggesting collaboration between the government and private sectors, technology deployment, and access to low-interest credit to support smallholder farmers.

He commended Governor Kefas Agbu of Taraba State for initiatives such as the establishment of a palliative market, where food and non-food items are sold at cheaper rates. El-Buba encouraged other state governors to develop local initiatives aligned with their realities to bring relief to their people.

Additionally, he stressed the importance of addressing insecurity and called for leadership in containing the security challenges to prevent a ripple effect on the economy. El-Buba proposed the resettlement and restoration of farming villages in Plateau and Benue States, providing a N20 billion grant to enable affected communities to resume farming activities.

Finally, El-Buba called on Nigerians to return to farming to collectively contribute to food production and self-sustenance.

CBN Links Hunger, Shortage of Food to Insecurity, Climate Change, and Others

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The Central Bank of Nigeria (CBN) has attributed the rising hunger and shortage of food in the country to factors such as insecurity, climate change, inefficient farming practices, and bottlenecks in the importation of food items.

CBN Governor, Olayemi Michael Cardoso, made these statements during a joint Senate committee meeting on Finance, Banking and other Financial Institutions, and National Planning.

Cardoso explained that the pressure on the nation’s foreign exchange market is contributing to the continuous decline in the value of the naira. He noted that supply shocks caused by insecurity, climate-induced factors like floods and rainfall shortage, inefficient farming practices, and importation bottlenecks have impacted the prices of imported food items, leading to increased food inflation.

Addressing the senators, Cardoso highlighted that the foreign exchange market is facing increased demand pressures, resulting in a continuous decline in the naira’s value. He mentioned speculative forex demand, inadequate forex supply, increased capital outflows, and excess liquidity as contributing factors to the situation.

The CBN Governor emphasized the urgency of addressing these issues, acknowledging the public’s concerns about the rising cost of living and food scarcity. He mentioned the efforts of the emergency committee on food security and the CBN’s monetary policy tightening to curb inflationary pressure.

Cardoso also provided insight into the inflation rates, stating that the economic landscape in December 2023 revealed significant shifts. He acknowledged the challenges in the country’s foreign exchange market and the impact on inflation, particularly in the food sector.

The CBN Governor assured that collaborative efforts with the Fiscal Authorities, such as discontinuing ways and means advances and halting quasi-fiscal measures, have been initiated to address the situation. He expressed optimism that inflationary pressures would decline in 2024, supported by the CBN’s inflation-targeting policy and improved agricultural productivity.

On exchange rate management, Cardoso discussed measures to enhance liquidity in the FX markets, unifying FX market segments, clearing outstanding FX obligations, and introducing operational mechanisms. He stressed the importance of moderating the demand for foreign exchange and emphasized ongoing collaboration between fiscal and monetary authorities.

In conclusion, Cardoso highlighted the importance of actions by corporates and individuals in reducing frequent demand for the dollar for business and personal needs to stabilize the exchange rate. He acknowledged progress in collaboration with the Minister of Finance, Minister of Budget and National Planning, and the Minister of Agriculture to tackle economic challenges.

Senators Express Anger Over Attempts to Undermine Senate by Finance Minister, CBN Governor, Others

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Tension flared in the Senate during a stormy session as senators expressed anger over the continued efforts of the Central Bank of Nigeria (CBN) Governor, Mr. Cardoso, Finance Minister, Mr. Wale Edu, and other government appointees to deliberately undermine the Senate and their refusal to submit to the oversight responsibilities of lawmakers.

During a meeting organized by the Senate Committee on Banking and Finance to engage the finance minister, CBN governor, and other heads of government agencies on the nation’s dwindling economy, senators lamented the refusal of some ministers and heads of government agencies to obey Senate resolutions and their flagrant breach of laws, including extra-budgetary expenditures.

Senators cited instances of neglecting Senate resolutions and invitations, with some appointees refusing to open their financial books for Senate committees responsible for oversight or disregarding Senate approvals to spend taxpayers’ money.

The stormy session occurred just 48 hours after the Senate Committee on Gas raised concerns about the lack of transparency in handling the Presidential CNG Funds, with officials refusing to submit to Senate oversight.

Senator Tokunbo Abiru, Chairman of the Senate Committee on Banking & Currency, accused the CBN of undermining the committee by refusing to provide requested documents, including Audited Reports and the CBN Budget.

Senator Sani Musa questioned the Finance Minister about the $3.3 billion loan intended to cushion the effect of the rise in the value of the dollar against the naira. He emphasized the need for transparency in managing the country’s financial resources.

Senator Orji Uzor Kalu expressed the Senate’s displeasure over attempts by government functionaries to undermine the Senate and directed the CBN Governor to submit to the oversight function of the Senate Committee on Banking and Currency.

FCCPC Collaborates with Stakeholders to Tackle Excessive Prices of Commodities

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The Federal Competition and Consumer Protection Commission (FCCPC) is actively collaborating with the Federal Ministry of Industry, Trade and Investment, other government agencies, consultants, and Civil Society Organizations (CSOs) to develop measures aimed at curbing the excessive prices of commodities in the markets.

In a statement issued by the Acting Executive Vice Chairman/Chief Executive Officer of FCCPC, Dr. Adamu Abdullahi, it was highlighted that a Fair Food Pricing Multi-stakeholders workshop was co-hosted by the Commission and Consumers International on July 18, 2023. The workshop aimed to gather information and evidence on anti-competitive activities such as price gouging, price fixing, and other cartel conduct leading to unfair food pricing.

Dr. Abdullahi emphasized the importance of empirical data as the basis for any enforcement exercise to address unfair prices in the food sector. The Commission is encouraging the public and anyone with useful information in the food chain industry to report possible illegal, exclusionary, or restrictive practices contributing to unfair food prices through its designated portal.

The FCCPC’s priority remains addressing key consumer protection and competition issues in the food chain sector. Dr. Abdullahi noted that participants in the food chain and distribution sector, including at the retail level, have been engaging in conspiracy, price gouging, hoarding, and other unfair tactics to restrict the supply of food and manipulate and inflate prices. Such conduct violates both moral and legal codes.

The statement warned businesses engaging in activities contributing to price gouging in the food chain sector to desist or face the full force of the law. The Commission will not tolerate actions compromising the integrity of the food chain sector, and legal consequences will be swift and severe.

Dr. Abdullahi clarified that while the FCCPC is not mandated to regulate prices, it may, in rare situations and based on empirical evidence, advise the President to fix the prices of certain goods and services. The Commission is committed to engaging with stakeholders and taking progressive measures to contain price gouging throughout the food distribution chain.

NITDA Vows Support for Start-ups Advancing Artificial Intelligence Research

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The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has affirmed the government’s unwavering commitment to supporting start-ups in advancing Artificial Intelligence (AI) research in Nigeria.

This commitment was reiterated at the Innovate Nigeria 2024 Conference & Expo held at the Landmark Event Centre in Victoria Island, Lagos.

Represented by Dr. Aristotle Onumo, Director of Corporate Planning and Strategy Department at NITDA, Inuwa expressed gratitude to Nova Tech for organizing the conference and highlighted its timeliness amid the rapid acceleration of AI’s transformative potential globally.

In addressing the role of government in AI research, Inuwa cited global examples such as the United States and China, where significant funds have been allocated for AI research, acknowledging its potential for innovation and economic growth. He emphasized the positive correlation between government investment and advancements in AI, projecting a market value surpassing $190 billion by 2025.

Inuwa outlined key initiatives by the Nigerian government in AI research, including direct investment in research and development, establishment of collaborative ecosystems, formulation of policies and regulations, fostering international collaboration, and supporting education and workforce development. These initiatives align with the government’s 8-point agenda, particularly emphasizing the creation of an enabling environment for innovation and entrepreneurship.

He stated, “The 7th agenda, which is Accelerating Diversification through Industrialization, Digitization, Creative Arts, Manufacturing, and Innovation resonates with the specific role of government in AI research upon which democratization of digital service to create more economic value anchors.”

NITDA’s Strategic Roadmap and Action Plan were highlighted as tools aiming to elevate the country’s AI research ranking and foster digital literacy and talent development. Inuwa emphasized the transformative potential of AI in driving economic prosperity and stressed the importance of collaboration between the government and the ecosystem for exploring new frontiers of knowledge.

He further highlighted NITDA’s subsidiary, the National Centre for Artificial Intelligence and Robotics, as a resource open 24/7 to guide, nurture, and support startups throughout their journey from ideation to impact and commercialization.

In conclusion, Inuwa underscored the significance of collaboration and partnership frameworks to fund research, emphasizing the government’s commitment to nurturing a vibrant innovation ecosystem.

Reps Call for Overhaul of Security Architecture in FCT, Citing Rising Criminalities

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The House of Representatives, in a plenary session on Thursday, has urged the Inspector General of Police, Kayode Egbetokun, and the Minister of the Federal Capital Territory, Nyesom Wike, to undertake a comprehensive overhaul of the security architecture in the nation’s capital.

The resolution, arising from a motion titled “Need to investigate the decline of the Federal Capital Territory,” was moved by Mr. Oboku Oforji, representing Yenagoa-Kolokuma/Opokume Federal Constituency, Bayelsa State.

The motion addresses the escalating security challenges in the Federal Capital Territory (FCT), including incidents of armed robbery and kidnapping. Critics have raised concerns about Minister Nyesom Wike’s focus, attributing it to his alleged involvement in political turmoil in his home state of Rivers.

During the motion’s debate, Oforji highlighted the significance of Abuja as Nigeria’s capital, emphasizing its unique legislative powers vested in the National Assembly. He noted that the FCT, created in 1976, comprises six Area Councils—Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje, and Kwali—spanning parts of old Kaduna, Kwara, Niger, and Plateau States.

Oforji also pointed out the administrative structure, with the FCT Minister overseeing the entire territory and the Federal Capital Development Authority concentrating on construction and infrastructure development.

Expressing concern over the state of infrastructure and living conditions, the House noted issues such as poor roads, unreliable electricity supply, inadequate healthcare facilities, ill-equipped hospitals, insufficient fire stations, limited water supply, and insecurity. The resolution acknowledges that over 60% of FCT residents reside outside Abuja Municipal Area Council, with particular areas facing challenges in infrastructure development.

The House highlighted the impact on civil servants, who regularly face traffic gridlock, leading to delayed arrival at work. The collapse of security in the FCT is evident through recurring incidents of armed robberies and kidnappings.

Consequently, the House has urged the IGP and FCT Minister to “rejig the security architecture of the Federal Capital Territory, Abuja.” Additionally, the Committee on FCT has been mandated to investigate the budgetary allocation of the FCT from 2021-2023 and report back within four weeks for further legislative action.

Tinubu Mandates National Pledge Recitation at Official Engagements

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President Bola Tinubu has issued a directive, making the recitation of the National Pledge a mandatory practice after the National Anthem at all official and public engagements. Sources from the presidency indicate that this decision aims to foster absolute respect for national symbols, reinforce allegiance to the country, and uphold Nigeria’s core ethos.

The announcement was made during the groundbreaking ceremony of the Renewed Hope City, a 3,112 housing-unit project in Karsana, Abuja. President Tinubu emphasized the crucial role of respecting national values, promoting the nation’s ideals, and adhering to established norms.

“Before I left home this morning, I asked for a printout of the National Pledge, and we have to relaunch it again at this event. The relaunch is about being committed to the values, greatness, and hope of our country. It is our pledge to Nigeria, our country, to be faithful, loyal, and honest. To serve Nigeria with all your strength – we saw it on the field of play yesterday,” remarked President Tinubu.

He continued, expressing optimism and commitment to the country’s success despite challenges. “We did not say it will be Eldorado and smooth all the way. But we are confident that this country will excel in all ramifications. We will defend our unity and uphold Nigeria’s glory in every way possible because we are Nigerians, and we have no other country.”

The move to incorporate the National Pledge into official events underlines President Tinubu’s emphasis on reinforcing national identity, fostering patriotism, and instilling a sense of commitment to Nigeria’s progress and unity.

Federal Government Unveils Plans for Second Phase of Dry Season Farming Across States

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Senator Abubakar Kyari, Minister of Agriculture and Food Security, has disclosed the imminent commencement of the second phase of dry season farming across all states, including the Federal Capital Territory, Abuja. The announcement was made during a courtesy visit by Nasarawa State Governor, Engr. Abdullahi Sule, to the headquarters of the Federal Ministry of Agriculture and Food Security in Abuja.

Kyari assured that the upcoming dry season farming phase would involve the production of maize, rice, and cassava on identified irrigable farmlands. Genuine farmers are expected to benefit from the Federal Government’s subsidized certified quality seeds and agro-inputs, encompassing fertilizers, micro-nutrients, herbicides, and pesticides.

The minister highlighted that the first phase of the Dry Season Farming, initiated under the National Agricultural Growth Scheme Agro-Pocket (NAGS-AP) project in November 2023, focused on 15 wheat-producing states. Based on an evaluation of the initial phase, the Implementation Guidelines for the second phase have been refined.

Among the modifications, Kyari emphasized the establishment of NAGS-AP State Working Committees chaired by the Executive Governor or their representative. The committees will include key members such as the Commissioner for Agriculture (Vice Chairman), Commissioner for Local Governments and Chieftaincy Affairs or representative, State Coordinator of the Federal Ministry of Agriculture and Food Security, NAGS-AP State Focal Point person, and representatives of organizations like the Farmers Association of Nigeria (AFAN) and Traditional Rulers.

Expressing optimism about Nasarawa State’s participation, Kyari noted the state’s prominence in grains, legumes, and root crop cultivation, with key rice milling facilities. He emphasized the synergy between government tiers as crucial for achieving national food security.

Governor Abdullahi Sule affirmed Nasarawa’s position as an agrarian state, leading in sesame, cassava, yam, and ranking fifth in national rice production. He pledged efforts to secure the top spot in all these commodities and mentioned ongoing initiatives to provide farm inputs to smallholder farmers.

Addressing the issue of high food prices, Governor Sule attributed it to middlemen hoarding food items. He disclosed plans to establish a committee to prevent hoarding, ensuring stability in the supply chain and averting artificial scarcity and price hikes.