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Nigeria Zero Hunger Forum proffer steps to end hunger

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THE Nigeria Zero Hunger Forum (NZHF) has issued key recommendations and resolutions that should be quickly implemented towards the attainment of Zero Hunger by the year 2025 in the five pilot states comprising , Borno, Ebonyi, Ogun and Sokoto and beyond.

The recommendations and resolutions which formed part of the communique was presented by Dr Kenton Dashiell, Deputy Director General (Partnerships for Delivery) at the International Institute of Tropical Agriculture (IITA).

The Communique was signed by Chief Olusegun Obasanjo, Nigeria’s former President and chairman of the NZHF, and the Governor of Borno State, Alhaji Kashim Shettima on Friday night as part of activities to end the two-day meeting that was held from 8-9 March 2018.

According to the communique presented by Dr Dashiell, members of the Forum agreed on the following resolutions, and recommendations:

It said, there is need for States to focus on crops/livestock where they have comparative advantage. States were encouraged to select at most 3 crops and one livestock for which they should give priority.

And while large scale industries are good for food processing at scale, the Forum proposed that attention should also be given to small and medium agro-industries as a linkage between smallholder farmers and large industries.

Meanwhile, the Forum recognised the efforts of the Nigerian Government through the Central Bank of Nigeria (CBN) and Bank of Industry to address financial constraints faced by farmers. Consequently, it was agreed that invitation be extended to the CBN for attendance of subsequent NZHF meetings.

Similarly, the Forum commended the CBN for the financial assistance offered to a private sector in Benue, Titus Agbecha, for the operation of his soybean processing factory and while the investment of Borno State Government in mechanisation was well received. Members of the Forum called on the State to set up appropriate mechanisms that would ensure farmers’ access to the machines. It was strongly recommended that the option of establishing agro-service centres using the public private sector approach should be adopted to ensure sustainability. It was agreed that there was the need for the Borno State to train operators on the use of machines such as tractors, and to train mechanics for repairs and maintenance.

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Also, the efforts on the manufacturing of drip irrigation equipment by the Borno State were applauded, and the Forum urged the State Government to market the technology to other States in Nigeria generally, and within its zone in particular.

The Forum identified cassava as a poverty fighter, and a crop that could help the State in job creation for youth and women. Consequently, the Forum proposed that the State Government should commit investments in the cassava value chain.

It stressed further that to attain sustainable development and continuity of programs, the Borno State Government was strongly advised as a matter of urgency to create a window for the inclusion of the public private partnerships in all its development interventions, and to establish small laboratory for analysis and quality assurance.

The State’s investment in education was considered excellent and it was agreed that the Government sustain the momentum to ensure that every child has access to quality education up to secondary school level freely and compulsorily as soon as the present facilities under construction are completed.

The Forum, also commended the IITA for its engagement with States through technical backstopping on various projects such as weed management in cassava, yam aeroponics, and the donation of seeds. Other partners that received commendation were the World Food Program (WFP) and the African Development Bank (AfDB).

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The proposal by FAO to join forces and support the NZHF was well received and appreciated.

Agreeing that the next meeting be held during June 2018 by Sokoto State, the Forum also commended the presentations from all the States on the progress being embarked on towards the attainment of Zero Hunger, and the steps being taken by Ebonyi State in addressing the issues raised by the Forum during the previous meeting.

Inaugurated in 2017, the NZHF is a peer review/advisory mechanism formed by former President Obasanjo with IITA as a technical partner in response to calls by the United Nations for countries to achieve Zero Hunger by 2020. The Form adopts moral suasion as a tool to encourage states to work towards the attainment of Zero Hunger.

The meeting in Borno had in attendance representatives of the 5 Pilot States namely Benue, Borno, Ebonyi, Ogun and Sokoto, and other States: Bauchi, Enugu, Nasarawa, and Oyo.

Other participants comprised the technical partner to the NZHF, IITA; World Food Program (WFP), Food and Agriculture Organisation (FAO), the private sectors, farmer groups, members of the Borno State traditional council, and the Federal Ministry of Agriculture and Rural Development.

State executives at the meeting were the Governor of Borno State, Kashim Shettima; Deputy Governor of Borno State,   Maman Usman Durkwa; Deputy Governor of Ebonyi State,   Kelechi Igwe; and the Deputy Governor of Ogun State, Yetunde Onanuga. The Governor of Benue State was represented by the State’s Commissioner of Agriculture, Mr. James Abua.

Each of the pilot States made presentations reflecting what the States are doing towards achieving Zero Hunger, and how the previous NZHF meetings in Benue and Ebonyi influenced their actions. The meeting also heard a testimony from a private sector player (a soybean processor in Benue State), Titus Agbecha, on how the NZHF’s meeting in Benue positively impacted the operations of his factory.

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A field visit was conducted to Farm Center, Seed Multiplication Center, Machinery Shade, Drip Manufacturing Center, Girls’ Schools, Industrial Layout, and the State’s University to have a first-hand experience of the practical steps the Borno State Government has taken towards the achievement of Zero Hunger.

A 20-minute video that presented information on several other achievements that were not visited included a new Internally Displaced Persons (IDP) Camp with drip irrigation for additional food production, poultry production, fish production, and special programs for youth and women in agriculture.

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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