Akure Monarch Orders Foodstuff Sellers To Reduce Prices

Akure Monarch Orders Foodstuff Sellers To Reduce PricesThe Paramount Ruler of Akure, Oba Aladetoyinbo Ogunlade Aladelusi alongside the Deji-in-Council has asked foodstuff sellers in Akure to immediately cut down the high cost of foodstuff in Akure and its environs or risk their shop being closed down.

The Deji ordered the slash in prices of these commodities at his palace after an exhaustive meeting with the leadership of the various groups of foodstuff sellers in Akure.

This was sequel to a recent market survey of some foodstuff like rice, palm oil, groundnut oil, garri among others across major towns like Osogbo, Ibadan, Ogbomosho, Ile-Ife, Ilesha, Ado-Ekiti, and Lagos in the south west.

The palace found out that the prices obtained in these communities were at variance with what is sold in Akure. The prices of rice, garri, palm oil was too exorbitant when compared with other cities, making it almost the highest in the whole of south-west.

Oba Ogunlade expressed displeasure at the astronomical rate at which foodstuff is being sold in Akure compared with other neighboring towns.

He said: “It is so sad that the prices of commodities had been unnecessarily hiked in Akure with no justifiable reason. This is unfair and totally unacceptable.

“Considering the present economic hardship in the country, we cannot continue to watch our people die in hunger and pains due to needless hike in price of the basic need of life which is food.”

Oba Aladetoyinbo said that with the market survey carried out by the palace, it is glaring that the situation in Akure is becoming unbearable for families and things may go worse if not quickly tackled.

“I wonder why a bag of rice will be sold for between N21,000 and N23,000, 20 litres of palm oil now sells for between N20,000 and N21,500, a rubber of garri now sells for N200, when other communities sells for N16,000, N10,000 and N100 respectively,” he said.

“We are watching the market situation in other towns and I will ensure a downward review of the price as situation may demand to be at par with other neighboring towns,” he vowed.

The Monarch then ordered an immediate reduction in the price of rice which is being sold at an average of N21, 000 to N19, 000.

After much plea from the palm oil and garri sellers in the city, the Deji gave them one week to revert the prices of their commodities to N11, 000 and N100 respectively.

Oba Aladetoyinbo, however, expressed appreciation to the market men and women who agreed with him on the need for the splash in prices, considering the economic realities in the country.

He thanked them for their cooperation and understanding over the matter.

Meanwhile, Oba Aladetoyinbo has set up a task force to monitor the situation and ensure strict compliance with the new prices. He also vowed to close down the shop of any defiant seller.

The monarch, however, prayed for the quick recovery of the nation’s economy.

I’ll Ensure Budget 2017 Is Not Padded – President Buhari

I'll Ensure Budget 2017 Is Not Padded – President BuhariPresident Muhammadu Buhari has vowed that the distortions that happened to Budget 2016, in which series of projects and figures were injected into the financial document will not happen to budge 2017. 

The President received members of the Governance Support Group (GSG), led by Hon. Chukwuemeka Nwajiuba, at State House, Abuja on Friday and made the promise.

The President said: “I am waiting for the 2017 Budget to be brought to us in Council. Any sign of padding anywhere, I will remove it.”

President Buhari reiterated that he had been in government since 1975, variously as governor, oil minister, head of state, and Chairman of the Petroleum Trust Fund (PTF), “and never did I hear the word ‘padding’ till the 2016 Budget.”

He promised that such would never happen again under his watch.

The President said that the government stands by its tripod campaign promises of securing the country, reviving the economy, and fighting corruption, but lamented that some people are deliberately turning blind eyes to prevailing realities in the country.

“They don’t want to reflect on the situation in which we are, economically. They want to live the same way; they simply want business as usual,” he said.

On violence that attend rerun elections in the country, President Buhari stated:

“I agonized over the elections in Kogi, Bayelsa and Rivers states. We should have passed the stage in which people are beheaded, and killed because of who occupies certain offices. If we can’t guarantee decent elections, then we have no business being around. Edo State election was good, and I expect Ondo State election to be better.”

Speaking on the anti-corruption cases before the courts, the President said he believed the cleansing currently going on “will lead to a better judiciary”.

“When people are sentenced, Nigerians will believe that we are serious.”

President Buhari equally told his guests that the progress being made in agriculture and exploitation of solid minerals “gives a lot of hope”.

He added: “Our grains go up to Central African Republic, to Burkina Faso, but they can’t buy all the grains harvested this year. And next season should be even better.

“We will focus on other products like cocoa, palm oil, palm kernel, along with the grains. We can start exporting rice in 18 months, and we are getting fertilizers and pesticides in readiness for next year.”

Speaking on behalf of members of GSG, Hon. Nwajiuba said the government had succeeded to a large extent on the security and anti-corruption fronts, adding that the group was positive that the economy would soon experience a turnaround, “as the government is working very hard in that direction.”

The group said the biggest constituency of the President was the poor and lowly, and thus recommended what it calls “a social re-armament of the poor.”

Liberians ‘Pressured To Sell Land’ For Palm Oil Plantations

palm-oil-plantationA campaign group, Global Witness, has raised an alarm over the forceful acquisition of land from owners in Liberia.

According to Reuters, the group, which has called for a government investigation, says communities in Liberia are being pressured to sign away their land to make way for palm oil plantations and Liberians have been beaten and arrested for refusing.

Palm oil is a cornerstone of the nation’s development and the country is emerging as a new frontier market for what has become the world’s cheapest oil.

In 2010, the Liberian Government had agreed to lease the company alleged to be behind the forced deals, Golden Viroleum (GVL), 544,000 acres of land for over 60 years.

However, GVL is said to have dramatically expanded its operations in Liberia at the height of the Ebola outbreak in 2014, clearing thousands of acres of land while community support groups were busy dealing with the crisis.

In reaction, GVL said it only signed pre-existing agreements during the outbreak.

Returning Nigeria To World’s Leading Producer Of Oil Palm

Nigeria’s agricultural sector has suffered years of mismanagement, inconsistent and poorly conceived government policies and lack of basic infrastructure, yet it accounts for over 26.8 percent of the nation’s GDP and 2/3 of employment.

It is no longer a major exporter of cocoa, groundnuts (peanuts), rubber and oil palm production -which Nigeria led the world in- is now mostly from obsolete varieties and overage trees.

Nigeria’s oil palm production is stagnant at around 180,000 tons annually and 25 years ago it was 300,000 tons.

An even more dramatic decline in groundnut and palm oil production also has taken place.

While Nigeria is one of the world’s largest producers of palm oil, it still remains a net importer of palm oil.

In this episode of Earthfile, analysts argue how Nigeria should increase its production of oil palm, encourage importation and the need to share information in the sector and highlighting the potential for boosting the nation’s economy by concentrating on the enterprise dynamics.