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Emefiele’s Naira redesign ran farmers bankrupt – FG

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….As federal lawmakers raise alarm over hunger and famine induced deaths in North East

The Federal Government lamented on Monday that the Naira re – design policy carried out by the Central Bank of Nigeria ( CBN) from December 15, 2022 to early February this year when Supreme Court ruled against it , ran farmers bankrupt .

In a similar lamentation , federal lawmakers declared that the rate of hunger and famine in the land is resulting into deaths of the poor in rural areas .

Lamentations on effects of the controversial naira re – design which later landed the initiator, Emefiele in detention since June this year and hunger arising from insecurity , came to the fore , during budget defence session the Honourable Minister of Agriculture and Food Security , Senator Abubakar Kyari had before the National Assembly joint committee on Agriculture.

In his presentation before the joint committee chaired by Senator Saliu Mustapha ( APC Kwara Central) , the Agric Minister said the focus of the 2024 budgetary proposals for the sector is to achieve food security in the country which .

According to him , several factors like insecurity and naira re – design policy carried out about a year ago , impoverished the farmers and severely threatened food security in the country .

” The cash crunch caused by the Naira re – design , made most of the farmers sold their farm produce at give away price for survival , since buyers couldn’t access cash to buy the produce from them .

” The policy which coincided with harvest season , ended rendering the farmers empty financially “, he said .

In their separate remarks at the session , Hon Dahiru Ismaila Haruna from Toro Federal Constituency in Bauchi State and Hon Ademorin Kuye from Shomolu Federal Constituency , Lagos State , raised the alarmed on urgent need by the federal government to address the high rate of hunger in the country largely caused by insecurity.

Hon Haruna in his remarks said ” Hon Minister , being from the North East , the picture i’m about to paint shouldn’t be stranged to you at all.

” The pathetic picture of people dying of hunger on daily basis while majority of those surviving , feed once a day .

” Making it worrisome is the fact that even people from neighbouring countries like Chad , Niger , Benin Republic and Central Aftrica , are trooping in to mop up the little food , signalling total famine in the area if not urgently addressed by stockpilling the silos “.

But Hon Ademorin in his own remarks , wrote off the silos by putting it to the Minister that most of the silos built by President Jonathan administration , are alleged to be concession for N20million each .

The Minister however in his response , assured the lawmakers that all issues raised are being addressed and would be decisively addressed in the 2024 fiscal year .

Kyari said food security is the number one out of the 8- point agenda of President Bola Tinubu administration and that the Ministry has repositioned it self for actualization of the agenda .

According to him , some of the action plans already being implemented to ensure food security in the country aside securing of the farmlands by security agencies are ” certification of available planting materials for some food security crops in readiness for dry season farming .

” Reviewing the mechanisms and processes for delivering fertilizers and agro pesticides input to farmers under a transparent and accountable regime .

” Fast – tract the take off and operations of the National Agricultural Development fund .

” Implement a joint action plan with the Federal Ministry of Water Resources to unlock the huge irrigation potentials of the River Basins Development Authorities and other flood plains in the country to guarantee all year round food production etc ” .

He earlier in his submission told the committee members that for the 2024 fiscal year , a total of N362.940billion was earmarked for the sector out of which n124.1billion is for the Ministry .

The breakdown of the N124.1billion according to him , shows that N10.6billion is for personnel cost , N1.34billion for overhead and N112.497billion for capital expenditure .

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Lakurawa Terrorists, Not Bandits Responsible For Zamfara Explosion — Police

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The state’s police commissioner says members of the dreaded group were seen around the scene of the incident shortly before the explosion.

The police have fingered newly formed terror group Lakurawa as the mastermind of an explosion that occurred along the Dansadau-Gusau Road in the Maru Local Government Area of Zamfara State on Wednesday.

“This Lakurawa (group) when they were dislodged by the Army in Sokoto and Kebbi, the rest of them that survived the military onslaught were trying to find new enclaves,” the state’s police commissioner Muhammed Dalijan said on Channels Television’s Sunrise Daily breakfast programme on Thursday.

“As they were passing that village to Birnin-Gwari forest, they planted a bomb under a bridge. Then a motorist was passing and step on it. It exploded and killed the driver and three other people were seriously injured.”

The police commissioner said members of the dreaded insurgent group were seen around the scene of the incident shortly before the explosion.

Dalijan said planting of explosive devices was a new development in the North-West state. He said though Zamfara has had a long battle with deadly bandits, they don’t have the capacity to plant explosive devices.

“They were seen passing through a village and as we were getting reports, trying to get ourselves prepared to pursue them, this (explosion) happened. So, we are sure that they were the ones that planted the bomb.

“The bandits here (in Zamfara) don’t use bombs because they don’t know how to make it; they don’t know how to improvise explosive devices. So, we are 100% sure that they (Lakurawa) are the ones because planting bombs in Zamfara State is a new development and bandits don’t have that capacity,” he said.

Zamfara, located in North-West Nigeria, has become the “hub of banditry” in Nigeria, as described by Governor Dauda Lawal.

The governor said the marauding bandits whose kidnapping-for-ransom trade is booming in the state can be strangulated in two weeks with the right political will.

Meanwhile, military authorities have vowed to eliminate Lakurawa insurgents and other terror groups like Boko Haram and the Islamic State West Africa Province (ISWAP).

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Senate Sets Up Committee To Review Tax Reform Bills With AGF

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The Senate on Wednesday set up a committee to to review the controversial Tax Reform Bills that are before the National Assembly.

The Committee which is headed by Minority Leader, Senator Abba Moro (PDP, Benue South) will meet with the Attorney General of the Federation, Lateef Fagbemi, to address grey areas in the bills and revert to Senate before public hearing.

The Deputy Senate President Barau Jibrin disclosed this during plenary on Wednesday.

Barau, who presided over the session, said that the executive arm of the government agreed with the Senate that there is need to resolve all the issues causing disagreements in the bills.

Barau said, “We decided to put politics, ethnicity, regionalism aside to sit among ourselves in order to find a way forward in respect to issues affecting the tax reform bills. It is on this note that we extended our view to the executive arm of government, and it was agreed that there should be a forum to sit down to look at the areas that are creating disagreements in order to resolve them so that the entire country will remain united in our efforts to solve our problems.

“Before the introduction of these bills, we know we have been faced with several problems; insecurity that we and the president have been trying to solve, issues about our economy which is in line with global economic problems. And we also agreed that we shouldn’t allow any other to come in to aggravate the problems of our country.

“It is on this note that it has been agreed by the executive and by us that there should be a forum that should sit with the Attorney General of the Federation so that we can sit and look at all the areas of disagreement and resolve them for the interest of this nation.

“It is therefore proposed that tomorrow there will be a meeting with the committee that will be set here to sit down with the Attorney General to look at those issues and resolve them. It is on this note that the Committee on Finance that the bills have been referred to halt action with public hearing and other issues until we resolve those issues.”

President Bola Ahmed Tinubu had on October 3, 2024, forwarded four tax reform bills to the National Assembly.

The proposed Tax Reform Bills have generated a lot of controversies since its introduction at the National Assembly, meeting serious resistant especially from the Northern part of the country.

Following the controversies the bills have generated, the National Economic Council had advised President Bola Tinubu to withdrawal the bills to allow for further consultations, but he had refused and said that the bills should go through the necessary legislative processes.

Last week, the bills were passed at the Senate for second reading through voice votes.

The proposed legislation seeks to harmonize, coordinate, and resolve disputes arising from revenue administration in Nigeria.

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Gov Sanwo-Olu Signs Lagos Electricity Bill Into Law

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The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Sanwo-Olu’s resolve to address longstanding challenges in the energy sector.

Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill into law.

The ceremony which was carried out at Lagos House Alausa Ikeja, had in attendance the state deputy governor Kadri Hamzat, members of the State assembly, as well as the state executive council members.

Governor Sanwo-Olu commended the state House of Assembly for ensuring the speedy passage of the bill, stressing that the bill will change the socio-economic value of citizens in Lagos State.

He stated that the electricity bill has been in the works for some years, and now that is finally achieved as Lagosians can be sure of a steady power supply.

On his part, the state Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said the electricity law signed will provide an additional grid for Lagos State, and also put an end to black out in the state.

“There will now be regular power supply. Host community development Trust fund, which will provide opportunities for communities to develop power plant,” he said.

Ogunleye noted that the step taken by the government stands as a beacon of progress, that will ensure uninterrupted power supply in Lagos State.

The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Sanwo-Olu’s resolve to address longstanding challenges in the energy sector.

The law will lay a robust foundation for economic growth, fostering industrial growth, improved quality of life, energy equity, economic prosperity, and environmental sustainability.

Among other things, the law seeks to establish a Lagos Electricity Market that is technically sound, financially viable, and well-regulated, ensure access to affordable, reliable, and sustainable electricity for all citizens.

It also helps to promote diverse energy sources, including renewable energy, and encourage energy efficiency, foster investment, competition, and innovation in the electricity sector and electrify underserved areas, contributing to the sustainable development of Lagos State.

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