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Osun to empower 2, 000 youths under new cocoa initiative

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The Adegboyega Oyetola -led administration in Osun state has disclosed   its plans to empower no fewer than 2,000 young farmers in the state with its new cocoa initiative.

Governor Oyetola revealed that the aim of the programme is to bring rapid development to cocoa value chain and promote agro produce in the cocoa producing states, stressing that the government has also been working hard to support the Maize farmers, Cotton farmers and Cocoa farmers to make sure that the Anchor Borrower Scheme’s goals are realised even in the face of dwindling resources.

He maintained that his administration remained a critical partner of the Anchor Borrower Programme initiative of the federal government as part of efforts to revamp the agriculture sector.

The governor made  the disclosure on Tuesday, at the unveiling of Ekiti State Government Rice Pyramid Project, the signing of MoU between the State and the Rice Farmers Association of Nigeria and the flag-off of 2021 wet season rice cultivation, in Ado-Ekiti .

“We will be unveiling a new Cocoa initiative, aimed at empowering 2, 000 youths. We are doing this in collaboration with Afex Commodity and the Central Bank of Nigeria. The aim of the programme is to bring rapid development to Cocoa value chain and promote agro produce in the Cocoa producing States”. he said.

Speaking further, Oyetola disclosed that the rice component of the Osun Food Support Scheme was sourced from local rice sellers in order to encourage and empower local farmers in the state and beyond.

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He averred that the Scheme, which enables the state to feed 30, 000 poor and vulnerable persons, will ultimately support food sufficiency programme, as farmers will be encouraged to double their efforts while government serves as the off-taker.

The governor, who described agriculture as the most critical sector and bedrock of socio-economic development, submitted , “By the nation’s potential and history, agriculture remains a critical but missing mainstay that we must all as a nation and the constituent States join hands together to find and sustain.”

He, thereafter, lauded President Muhammadu Buhari for graciously initiating the Anchor Borrower Programme to achieve food sufficiency in rice and other food crops, saying, “If, today, Nigeria has moved significantly to food sufficiency from where it was in 2015, rice production plays a significant role.”

The Osun state gaffer noted that President Buhari has not only initiated the Anchor Borrower Programme, but he has also demonstrated leadership by giving it tremendous support that has made it possible to display gigantic rice pyramids in Niger, Kebbi and Gombe States, and to gather in Ekiti to launch the Ekiti State Rice Pyramid Project.

“The novel success we have recorded in rice production as a nation in the past five years is evidence that we have the capacity as a nation to feed ourselves and turn our economy around. It is also proof that the President Buhari Administration means well for the people and the nation.”

He congratulated Governor Kayode Fayemi on the unveiling of Ekiti State Government Rice Pyramid Project, adding that, “If agriculture worked for us as the mainstay of the nation’s economy in the First Republic, it will work for us better now in the knowledge- and technology-driven 21st Century. We must all at the Federal, State and Local levels muster the political will to give agriculture its pride of place as a staunch source of food sufficiency and security as well as an employment generation and revenue earner”.

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Governor Oyetola continued, “I commend the Ekiti State Government, RIFAN and all our rice farmers for rising up to the challenges of 2020, including the Covid-19 pandemic, and for putting all the requisite measures in place for a bountiful yield during the 2020 Wet Season Harvested Paddy.

“I urge all stakeholders to continue to engage meaningfully in research and training and re-training of personnel to build capacity for optimum results. We will also do well to provide all the necessary implements and support for our farmers to perform to their optimum”, he concluded.

Also commenting at the event , the host, Governor of Ekiti State, Dr. Kayode Fayemi, informed that the initiative was in line with the vision of his administration to ensure massive food production which was also in tandem with the President Muhammadu Buhari’s agricultural transformational agenda.

Fayemi explained that his administration has successfully demonstrated the need for the people to look inward towards improving and revamping agriculture sector with focus on improved rice production to ensure food security and economic prosperity.

“As a responsible and responsive government, we are encouraging our farmers to take full advantage of the programme to enhance their agriculture produce capacity.

“In the olden days, Ekiti used to be the leading rice producer for the entire Western Region, and beyond. We are working to regain our pride of place, and building a successor generation of players in the rice value chain that would ensure security and economic prosperity.

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“I am sure we would put Ekiti rice on the world map as we have institutionalised commercial agriculture,” the governor assured.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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