Vulnerable homes in Akwa-Ibom State have been told to expect the distribution of 48,000 bags of rice, as palliative by the federal government to cushion hardship caused by various economic reforms in the country. The move was disclosed at a press briefing at the NUJ Press Centre in Uyo on Friday, by the Commissioner for…
…. SHUTS DOWN ILLEGAL GOLD MINING SITE IN KOGI The Federal Government on Friday announced the shutdown of an illegal gold mine site in Yagba East Local Government Area of Kogi State. The Minister of Solid Minerals Development, Mr. Dele Alake, said the move was part of the Federal Government’s commitment to combat illegal mining…
By the time the National Assembly is through with the amendment of the Nigeria Mineral Development Company Ltd (Establishment) Bill 2023, there should be enough window for better benefits for communities where solid minerals are mined in the country. This indication came to the fore Wednesday in Abuja during the public hearing organised by the…
No matter the efforts made by farmers the prices of food will continue to rise, except the government takes cognisance of, and address, certain critical issues. This is the opinion of some experts who spoke on the rising cost of food prices and the attendant effects on the people. First, they said that the government…
In a bid to cushion the effects of food insecurity and hardship on Nigerians, President Bola Ahmed Tinubu has distributed 740 truckloads of rice to the 36 states and the Federal Capital Territory (FCT). Mohammed Idris, Minister of Information and National Orientation disclosed this while addressing state House Reporters after the Federal Executive Council meeting…
When the Nigeria Bureau of Statistics, NBS. released it’s latest report on inflationary trend, the position of some states raises concerns about the real causes of hike in prices of food items. This is because the factors indicated as major causes of rising cost of food items are not known to be prevalent in some…
It appears that there really are no quick fix to the problem of the economy, nor do the economists or policymakers ever agree on what should be the best approach to battle the challenges of a prostate economy. Recently, the federal government, in a response to incessant complaints on the hardship in the country, decided…
Governments and agencies in Africa and at the international level are making concerted efforts to ensure that food insecurity is addressed in Africa and beyond. Part of the efforts is the dedication of the Africa Development Bank, AfDB, to grant financial support to governments and institutions that are involved in the production of food in…
The policies of President Bola Tinubu’s administration have minimal effect on the economy. Rather than ease the inflationary trend, headline inflation continues to run causing a surge in the prices of goods and food in particular. The situation now is that Nigeria’s food inflation has reached an all-time high of 40.87 per cent as the…
For Nigeria not to be left behind, the development finance institutions in the country must draw up packages to provide operational funds for agriculture and other emerging cultures like technology, energy, biodiversity and others. This was the challenge posed by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. She specifically encouraged the Bank of…
