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University Don urges FG to standardise price control for agriculture to thrive.

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THE Acting Vice Chancellor, Obafemi Awolowo University (OAU), Ile-Ife, Professor Anthony Elujoba has declared that for the present administration led by President Muhammadu Buhari to achieve its target in diversifying the economy through agriculture, there is an urgent need to standardise price control due to the threat that local market pose to entrepreneurs in the sector. 

He made the declaration on Tuesday at the 2017 Annual In-House Review Exercise of the Institute of Agricultural Research and Training Moor Plantation, Ibadan.

Our checks revealed that the yearly review is done in order to appraise the institute’s challenges, achievements and prospects.

The University Don, Elujoba who was represented by the Provost, Post Graduate College OAU, Professor David Alebiowu disclosed that farmers are taking a lot of risks in marketing their products due to wobbly prices, averring that stabilization of the market system will help to boost agriculture in Nigeria.

He stressed, “Government must also standardise price control because local market volatility is the biggest threat to entrepreneurs in agriculture. The farmers are taking a lot of risks in marketing their products due to unstable prices.

“Stabilization of the market system till boost agriculture in Nigeria”.

“The greatest challenge is how to reposition agriculture as the sector still has the potentials to transform the economy. In order to overcome the challenges and improve agricultural productivity, improves implements and tools must be deployed to agricultural production, modern irrigation techniques, soil, crop and animal improvement programme must be energised.

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“The system must also ensure better storage, processing and transportation methods”, Elujoba added.

Speaking further, he maintained that mono-economy needs to give way to the production development of various sectors of the economy, assuring that the agricultural sector if well developed will enhance provision of food and raw materials, jobs creation, reduce poverty for the Nigerian teeming population.

The Vice Chancellor charged, “in the face of the present challenges, it is expected that research institutes develop technologies that are demand- driven and adapt information and communication technologies (ICT) tools to effectively disseminate information for efficient decision making process by our farmers”.

In his own remarks, the Executive Director of IAR&T, Professor James Adediran disclosed that no fewer than 4,000 farmers have benefited from the institute’s training programs during the period under review.

He hinted that the motive of the training for the farmers, intending farmers, members of Non -Governmental Organisations, women and unemployed youths was to reduce poverty, reduce unemployment and create jobs.

“During the year under review, some achievements apart from areas of research have been recorded in areas of infrastructure and human resources developments.

“Over 4,000 farmers, intending farmers, non – governmental organization, women and unemployed youths benefited from training programmes conducted by the institute. The objective was to carry out training that will lead to poverty reduction, job and wealth creation. The farmers in turn were mandated and empowered to train other farmers in their various locations”, he submitted.

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Speaking further, in the area of staff development, Adediran posited, ” this year, few of our scientists and technical staff could attend both international and local conferences where they presented their research findings. However, over 150 staff were promoted, with emergence of three additional professors in the institute.

He, also advocated that research institutes, extension agents, input suppliers and farmers must work together in order to achieve the set – goals for agricultural development in the country. “Research institutes, must continue to embark on demand driven and market oriented projects that will solve problems of farmers and industries”.

“The state governments must therefore revive the Agricultural Development Programmes which serve as bridge between the research institutes and the local farmers”.

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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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