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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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#EndSARS Movement Was Funded From US To Ambush Tinubu From Becoming President – Bisi Akande 

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Asiwaju Bola Tinubu
President Bola Ahmed Tinubu
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The former interim National Chairman of the ruling All Progressives Congress (APC), has claimed that the #EndSARS movement was designed and funded from the United States of America against President Bola Tinubu.

According to him, the #EndSARS movement was heavily funded from the US with support from America and only brought to Nigeria to ambush Tinubu from becoming President.

Speaking in an interview with Edmund Obilo, as seen in a video which has now gone viral on social media, he mentioned that the .obedient movement were the ones behind the #EndSARS movement and protest.

He added that it was after the protest they attempted to transform into a political party and when it became impossible, they all migrated into another political party.

“EndSARS was designed to be the end of Tinubu. Those behind the EndSARS knew that’s what they were doing,” Akande declared during the interview.

Asked by the interviewer to identify those behind the EndSARS movement, Akande replied, “The obidients.”

“The Obidients were behind EndSARS; it was manufactured in America and brought in just to stop him (Tinubu).

“Obideints came from America to do the EndSARS and later became a movement to form a party, and they couldn’t form a party and joined whichever party,” the APC chieftain said.

Pushing further, the interviewer noted that Obidients are tied to Peter Obi and Akande, in response said: “Well, maybe Obi’s party, I don’t know, maybe Obi’s movement, I don’t know, but the obidients were behind the EndSARS.

“It was well planned with a lot of money from America.”

He added that it was an ambush that President Tinubu wasn’t aware of.

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Court Grants Sowore ₦10m Bail

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The judge gave him 24 hours to perfect the bail conditions or be remanded by the police until the bail is perfected.

The convener of #Revolutionnow movement, Omoyele Sowore, has been granted bail to the tune of ₦10 million and one surety in like sum.

The surety must be a responsible individual with landed property valued in like sum.

The surety is expected to deposit the original documents of landed property and a passport photograph to the registrar of the court.

While ruling on the bail application, the trial judge, Justice Musa Liman, ordered Sowore to deposit his international passport with the registrar of the court.

The judge, however, gave him 24 hours to perfect the bail conditions or be remanded by the police until the bail is perfected.

Sowore had honoured the invitation of the police on Monday, January 27, 2025, when he was questioned at the Force Criminal Investigation Department.

He was subsequently granted administrative bail but rejected the conditions of bail and remained in custody.

The police later filed a 16-count charge of cybercrime against him.

In count three, the police said Sowore on December 20, 2024, through his X handle, called the Inspector General of Police, Kayode Egbetokun, “the illegal IG of Nigeria Police Force”.

Sowore is being accused by the police of posting the picture Egbetokun on his X handle with the caption: “Mediocrity, incompetence, corruption, a country run by characterless people can not make progress”.

The police also alleged that Sowore, through his X handle, said, “IGP Kayode Egbetokun will destroy the Nigeria police if we don’t act now”.

He pleaded not guilty to 16 count charge of alleged cybercrime.

 

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Nigeria Was On Life Support When Tinubu Assumed Office – Akpabio

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President Bola Tinubu and Senate President Godswill Akpabio
President Bola Tinubu and Senate President Godswill Akpabio
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The Senate President and Chairman of the 10th National Assembly, Senator Godswill Akpabio, has said the country was on a “life support” as at the time President Bola Tinubu assumed office in May 2023.

Speaking at his 2024 Constituency Briefing and Empowerment Programme held at the Ikot Ekpene Township Stadium, Akpabio, who represents Akwa Ibom Northwest Senatorial District, he called on Nigerians, particularly the people of Akwa Ibom State, to continue supporting President Tinubu as he works to address Nigeria’s economic challenges.

“Nigeria Was on Life Support,” he said.

His stance comes following ongoing major reforms such as the introduction of the tax bills, removal of fuel subsidies, floating of the naira, and others introduced by Tinubu.

Akpabio recounted a conversation with President Tinubu about the state of the economy inherited from the previous administration.

“Nigeria was on life support when Asiwaju Bola Tinubu took over. I once asked him, ‘Are you excited about being president after seeing the economy left behind by Emefiele?’ He replied, ‘I must tell you, I didn’t know it was this bad.’”

The Senate President expressed optimism about ongoing economic reforms, noting that while they may be painful, they are necessary for sustainable growth.

“You did it in Lagos, and you will do it again for Nigeria. It’s just a matter of time. We are praying for you, and God will grant you the wisdom to lead us to El Dorado.”

He advised beneficiaries not to sell their empowerment tools but to use them to uplift their families economically.

“We have enough foodstuff to distribute; there should be no stampede. These items are being extended beyond Ikot Ekpene to other senatorial districts in the state.”

“Your support has not only enhanced our educational experience but also inspired us to strive for excellence. Thank you for your unwavering support.”

Akpabio commended Governor Umo Eno for promoting peace and inclusivity in Akwa Ibom.

“Without peace, there cannot be development. The governor has embraced all Akwa Ibom people, regardless of political affiliations.”

He also acknowledged the governor’s Christmas gesture of distributing 1,000 bags of rice to the APC family in the state and announced an additional 1,500 bags of rice for the PDP State Chairman.

Akpabio praised Senate Minority Leader, Senator Abba Moro, for fostering unity in the Senate.

“Everyone in the Senate has an equal voice, regardless of party affiliation. Opposition is good, but it should be constructive.”

Senator Abba Moro described Akpabio as a leader committed to empowering his people.

“It takes wisdom to know what to give people for lasting benefits rather than instant gratification.”

Senator Asuquo Ekpenyong, Chairman of the Senate Committee on NDDC, called the empowerment programme “mega, marvellous, and magnificent.”

The event was attended by key political and community leaders, including,

Obongemem Ekperikpo Ekpo (Minister of Petroleum Resources, Gas) Senator Ita Enang (APC Chieftain), Senator Ekong Sampson (Akwa Ibom South), Paramount Rulers of Ikot Ekpene and Essien Udim

In closing, Akpabio emphasised the importance of collective effort in building a better Nigeria and assured constituents of continued representation and development-focused initiatives.

 

 

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