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We’ll Wrestle Food Inflation From Next Year, Buhari Boasts

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President Muhammadu Buhari, yesterday, assured that the government would work hard towards ensuring that the country has enough food to feed its citizenry.

To that effect, the President said that the administration will keep a keen eye on food inflation in the New Year and reiterated his initial directive to the Central Bank of Nigeria (CBN), not to give any money for food importation.

Buhari stated this at the fifth regular meeting with the Presidential Economic Advisory Council held at the Presidential Villa, Abuja, yesterday.

For the umpteenth time, he directed that the CBN “must not give money to import food. Already about seven states are producing all the rice we need. We must eat what we produce.”

In taking note of the strides made in agricultural production following the program of diversification from over reliance on oil instituted by his administration, Buhari wondered where the country would have found itself by now in view of the devastating economic crisis brought about by Covid-19 if the country had not embraced agriculture.

Buhari, in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu said, “Going back to the land is the way out. We depend on petrol at the expense of agriculture. Now the oil industry is in turmoil. We are being squeezed to produce at 1.5 million barrels a day as against a capacity to produce 2.3 million.

“At the same time, the technical cost of our production per barrel is high, compared to the Middle East production.”

He emphasized the place of agriculture in the efforts to restore the economy but agreed that measures must be put in place to curtail inflation in the country.

He said, “We will continue to encourage our people to go back to the land. Our elite is indoctrinated in the idea that we are rich in oil, leaving the land for the city for oil riches. We are back to the land now. We must not lose the opportunity to make life easier for our people. Imagine what would have happened if we didn’t encourage agriculture and closed the borders. We would have been in trouble.”

The meeting, which was for a review of, and reflections on the global and domestic economy in the outgoing year, was attended by Vice President Yemi Osinbajo, as well as Ministers of Finance and Humanitarian Affairs and agreed on a number of measures.

The statement further said, “In specific terms, it noted the sharp deterioration in international economic environment and its impact on Nigeria’s continuing but fragile economic recovery; that Nigeria’s economic growth continues to be constrained by obvious challenges including infrastructural deficiencies and limited resources for government financing.

“It emphasized the need to make the private sector of the economy the primary source of investment, rather than government.

“The meeting reviewed progress towards structural reforms in response to the economic crises, including the institution of the Economic Sustainability Plan, the changes in electricity tariff and fuel pricing regime, the partial re-opening of the Land Borders, the movement towards unification of exchange rates and budgetary reforms through Finance Bill 2020 and 2021.

“It agreed that, to prepare the country for the challenges ahead, it is imperative to ensure Macro-economic stability, create certainty and re-build investor confidence in the economy.”

It emphasized the need to deepen structural reforms initiated by the administration as a basis for stimulating investments from domestic and international sources with a view to raising productivity in key sectors of the economy.”

 

 

 

 

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BPP Saves  Nigeria N1.9trillion from Contracts  Fraud  – DG

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The Bureau of Public Procurement ,( BPP,)  Thursday said  it’s activities  on  Contract monitoring has
 saved Nigeria  over N1.9trillion from contracts fraud  over the years.
The Director – General , of the agency ;  Dr Adebowale Adedokun stated this  during  a budget defence session the  BPP had with the Senate Committee   on Public Procurement in the National Assemby .
According to he BPP Boss  the agency set up 17 years ago , precisely on the 14th of June 2007 , has been on the fore front  of  the war against corruption in the country, particularly those that have to do , with contracts awards , inflation and diversion.
His words ” BPP has within the last seventeen years been changing the landscape of public procurement in Nigeria by ensuring transparency , fairness and efficiency on contracts awards and execution .
” BPP has been saving the country from loss of at least  N40billion annually to contracts inflation , diversion of public fund and poor service delivery.
“Records from our price intelligence unit indicate that total money prevented so far  from being diverted to personal pockets from contracts award  is N1.9trillion .
” BPP has over the years been significantly contributing to increase revenue generation by the relevant agencies like  the Federal Inland Revenue Service ( FIRS ), Nigeria Pension Commission ( PENCOM) etc .
 Dr Adedokun however lamented that the budget envelope  of N1.57 billion for the agency for the year 2025 is far below it’s  proposed N,63.5bn for Capital Expenditures.and may likely affect  the agency’s  proposed  projects .
The said   sum according to him , will not help in any way , help  to solve the accommodation problem being faced by Staff of the Bureau , replacing moribund project monitoring vehicles bought since 2008   and  executing the E – procurement programme that is in the pipeline .
However in their comments , members of the committee chaired by Senator Olajide Ipinsagba (  Ondo North) ,  wondered how BPP with just 158 workers, would effectively and efficiently monitor contract awards and execution of over 800 government agencies under its purview .
The Committee through the Chairman therefore , directed the DG of BPP to increase the staff strength  of the agency and add the overhead for new employees in their  2025 budget
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Osun Park Management Chairman Shot By Police, Union Alleges

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The Chairman of the Osun State Park Management System (OSTMS), Comrade Nurudeen Iyanda Alowonle, was reportedly shot by officers of the state police command in the late hours of Monday.
The union, in a statement issued by its Secretary, Mikaela Popoola, in Osogbo, confirmed that its chairman was arrested over domestic issues and taken into police custody.
According to him, the shooting of the chairman occurred while in police custody, and the circumstances surrounding the shooting call for a thorough investigation.
The union scribe, who reiterated that the chairman was arrested over domestic issues and taken into police custody, called on members of OSTMS not to take the law into their own hands.
He stressed, “We must maintain peace across the parks while we take the matter up with the appropriate authorities.”
While confirming the shooting, a top Police officer, who preferred to remain anonymous, said, “Alowonle was arrested in connection with the alleged killing of one Oyewale in 2022 and the assault of some residents on Monday night.
“He was shot while attempting to escape and has been taken to a hospital for treatment.”
According to him, Alowonle was maimed by the police gunshot, and a Hummer bus with registration number AWK 480YD, an unregistered Nissan Almera, and a Toyota Sienna with registration number GNN 595 XD were also recovered from him.
“During the arrest, a Barrett pistol, six rounds of 9mm live ammunition, and one expended empty shell were recovered from Alowonle’s private unregistered Toyota Highlander jeep,” the officer said.
“Alowonle and his boys conveyed themselves in a Previn bus with registration number RBC 275XK, but a distress call to the police led to his arrest. He was rearrested at Susi area of Oke-Baale, Osogbo, alongside eight others before being taken to the state police command.”
Meanwhile, all possible efforts made to reach the spokesperson for the state Police Command, Mrs Yemisi Opalola, for comment on the incident proved abortive as calls put to her mobile phone were not answered.

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Police Kill Notorious Cultist In Rivers, Recover Gun, Ammunition

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The Rivers State Police Command has announced that its operatives neutralised a suspected kidnapper and cultist, identified as Gbarani Bume, in the Luawii Community of Khana Local Government Area (LGA).
Bume, also known as Pelele, was a member of the infamous Iceland cult group, which has been terrorising the Beree/Tabaa axis of Khana LGA along with his gang.
Spokesperson for the State Police Command, Grace Iringe-Koko, disclosed this in a statement issued in Port Harcourt on Sunday.
Iringe-Koko said that Pelele and his gang attempted to kidnap a site engineer working in Luawii when the police, acting on a tip-off, swooped in. Upon sighting the police, the suspects opened fire, but Pelele was fatally wounded after a fierce exchange of gunfire and later died.
The statement reads: “The Rivers State Police Command has made a significant breakthrough in its efforts to combat crime, neutralising a notorious cultist and kidnapper, Gbarani Bume, a.k.a. Pelele, a native of Bere Community in Khana LGA.
“He was a member of the Iceland Cult Group, which has been terrorising the Beree/Tabaa axis of Khana LGA.
“On the 15th of November 2024, operatives from the Bori Division, acting on a tip-off, were mobilised to Luawii Community where Pelele and his gang were attempting to kidnap a site engineer.
“Upon sighting the operatives, the hoodlums opened fire, resulting in a fierce crossfire, during which Pelele was fatally wounded. His accomplices escaped with various degrees of bullet wounds.
“Items recovered from the suspect include one AK-47 rifle, two magazines, and 10 rounds of live ammunition.”
She added, “An investigation is ongoing, and efforts are being intensified to apprehend the other fleeing gang members and bring them to justice.”
The state police spokesperson stated that this operation underscores the Command’s commitment to tackling crime and ensuring public safety in the state.

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