In a bid to address the economic challenges faced by his constituents, Hon. Olafisoye Akinmoyede Wasiu, representing Akinyele/Lagelu federal constituency in Oyo State, has unveiled plans to empower over 2000 individuals.

Better known as “Lafi,” the Member of the House of Representatives revealed this initiative in a statement provided to the press.

Scheduled for Tuesday, April 30th, 2024, the Economic Empowerment Programme will commence at 9 a.m. at the Faith Joe Civic Center, situated beside Community High School, Alegongo, Ibadan.

Olafisoye, who also chairs the House Committee on Nigeria/Mexico Parliamentary Friendship, underscored that the programme aims to mitigate the adverse effects experienced by constituents following the removal of fuel subsidies by the federal government last year.

Highlighting the significance of the initiative, the lawmaker emphasized its focus on enhancing the standard of living for beneficiaries within the Akinyele/Lagelu Federal Constituency.

Moreover, he expressed the programme’s broader objective of alleviating hardship and combating starvation among constituents.

The event is expected to draw various dignitaries, including the Chairman of the All Progressives Congress (APC) in Oyo State, Barr. Issac Ajiboye Omodewu, alongside members of the state working committee.

Also anticipated are traditional and religious leaders from the Akinyele/Lagelu federal constituency, as well as representatives from local markets, artisans, security agencies, and APC members within the constituency.

Former president Olusegun Obasanjo on Tuesday lamented the rising cost of diesel, stressing that it has adversely affected his fish business.

Obasanjo, while speaking during a southwest fish farmers’ congress at the presidential library (OOPL) in Ogun State, noted that the high diesel price may turn fish farmers into bankruptcy.

Putting the current price of diesel at N800 a litre, the ex-President said the production of a kilogram of fish is N1,400.

“I am already sweating and if the situation does not go down, anybody that is using diesel, I don’t know your calculation, my calculation is that I cannot produce a kilo of fish with less than N1400. That’s about what it cost as of today. So, if I sell my fish around N1,400 I cannot make a profit,” the ex-President was quoted as saying in a statement by his media aide, Kehinde Akinyemi.

He added that farmers must not sell less than N1,500 as anything short of that would lead to “outright loss”.

“If we don’t come together as an association, nationally, we will sink individually. If we come together, we will swim and survive together.

“And while we are working on coming together, I thought that the situation has arisen whereby we have to do something urgently.

“The price of diesel has gone sky high because the management of this country is not what it should be. And it is as simple as that.

“Then, what will happen is that particularly those of us who have to use a bit of diesel in producing fish, we will completely go bankrupt, and when that happens, Nigerians will still have to eat fish.”

“And you will go jobless, poor, and indigent. So, what do we have to do? To come together… we want to sustain fish production, and we must be able to take care of those who are going to eat and those of us who are producing”, the former President said.

Fish production, according to him, would be out of reach, and “then people will be producing fish outside Nigeria and dump it here”.

The Association of Master Bakers and Caterers of Nigeria (AMBCN) South-East chapter, has said it is set to withdraw its services from July 13, as directed by its national body.

The Zonal Chairman of the association, Chief Dominic Nwibe made this known in an interview with NAN on Wednesday in Abakaliki, the Ebonyi State capital.

Recall that the National President of AMBCN, Malam Mansur Umar had also said members would begin a two-week strike from July 13, citing an increase in prices of bakery materials.

Following the directive, Chief Dominic said, “We had a zonal meeting in Abakaliki and decided to follow the directive which is supposed to last for two weeks.

“A bag of baking flour which hitherto cost N25,000 presently cost N28,000 and it is worrisome that it will keep increasing.

“A bag of sugar which hitherto cost N9,000 presently cost N30,000 while 20 litres of groundnut oil costs about N20,000″.

According to him, the members felt it was unnecessary to keep increasing the prices of bakery products such as bread to the detriment of customers.

“The customers would feel that we are greedy and we want to let the federal government know that the situation has become unbearable.

“We are asking for the liberalisation of the sugar importation process to break the monopoly by two or three firms.

“These firms import sugar and control its price mechanisms as the withdrawal of services will make our customers know we are telling the truth on reasons for price increases,” he added.

The zonal chairman regretted that the authorities blamed the high cost of materials on the economic effects of the invasion of Ukraine by Russia.

“We don’t see any justification to this assertion as flour for instance, can be sourced from nearby countries,” he said.

Also speaking, the south east Zonal Secretary of the association, Mr Okey Ezeanata said that bakers have been seriously affected by the development as most of them have closed shops”.

“The market forces have been unfair to us and as the time we increased prices of products in April till present, there have been several changes.

“We urge the federal government to allow mass participation in our materials’ importation process just like in the telecommunication sector,” he said.

NAN reports that the association alleged that the National Wheat Cultivation Committee already constituted is yet to be inaugurated after over one year.