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New economy to be driven by additional 77,400 young farmers – NALDA

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The federal government through the newly resusitated National Agricultural Land Development Authority (NALDA) has revealed plan to raise about 77, 400 young farmers into Nigerian farming business across the nation in different farming activities ranging from crop farming to animal husbandry.


The newly appointed Executive Secretary of NALDA Prince Paul Ikonne, said this Monday in Abuja at the maiden press briefing since President Muhammadu Buhari brought the agency back.

NALDA was created by General Ibrahim Babangida-led administration in 1992 but was abolished during the rationalisation of agencies during Chief Olusegun Obasanjo’s administration in year 2000.

Speaking at the media conference, Prince Ikonne said his plan is to ensure that the organisation drive the country’s economy.

“Our short-term programs are; Providing farm inputs such as improved seeds, fertilizers, machinery, environmentally friendly crop protection agents, growth enhancers and trainings which will be given to already existing farmers and this will assist them during this farming season in order to improve their yield.

“The President, having given a marching order when he said “we must produce what we have to eat” NALDA as an authority under the Presidency has come up with programs in order to meet this directive by Mr. President.”

Speaking on how to achieve his plans, Ikonne said: “We intend to have 77,400 young farmers injected into Nigerian farming business across the nation in different farming activities ranging from crop farming to animal husbandry.

“These young farmers will be drawn from the 774 Local Governments, with a pilot number of 100 per local Government. In this initiative we will partner with Governors for provision or donation of land and other stakeholders as this will create employment and food production will be increased.

“Back To Farm; we will use this program to encourage everyone to go back to farm by reaching out to the military and paramilitary organizations, NASS members, civil and public servants, journalists, corporate bodies, religious organizations and individuals.

“You will agree with me that all these organizations mentioned and some individuals have land that are not being put to use, so we intend to encourage them to use these lands for farming even if it is for personal consumption. #BackToFarm

“These 3 programs are our starting point in order to meet the immediate mandate of Mr. President for providing food for all and we intend to achieve this within the next 6 months.”

While expressing confidence in the organisation to drive economy, the executive secretary said: “Our intention going by NALDA’s mandate, is to make agriculture a business and a source of wealth creation for the country. This we intend to achieve by increasing palm oil and soya beans production for export among others. Nigeria’s potential in the agricultural sector cannot be over emphasized and having identified the lapses of why we as a nation have not attained the height of food sufficiency, NALDA under my watch will provide the required leadership and with the support of Mr. President we will achieve our mandate.

“NALDA will partner and collaborate with other government agencies and international organizations in order to attain food sufficiency and make agriculture the main source of revenue for Nigeria from export.”

He, however, called on Nigerians who are interested in working with NALDA as volunteers to register through its website www.nalda.ng, even as he called “on all Nigerians and stakeholders, to see agriculture as a business and to solicit for their support as we take off today towards achieving food security which NALDA will be driving.”

Speaking earlier, the nalda’s pioneer director of planning, satistics and data bank, Dr. Akin Fapounda, who gave review of where the organisation was before it was disbanded in year 2000, commended President Muhammad Buhari for bringing the Authority back to existence.

“It is nice to see NALDA back to the country.”

Dr. Fapounda said if Nigeria will succeed, NALDA must succeed in agriculture.

He said NALDA is not meant to be a federal government agency but for state government to look for lands, settle all compensation and use the land for proper farming.

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Economy

Public Relief, as CBN Directs Banks to Release and Accept Old N200, N500, N1000 Notes

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Finally, the Central Bank of Nigeria ( CBN) has directed Deposit Money Banks operating in Nigeria to issue and accept the old N200, N500 and N1000 old banknotes legal tender till December 31,2023.

There has been public uproar concerning the apparent reluctance by the bank to give effect to the ruling of the Supreme Court of Nigeria on the legal tender status of the old and redesigned currencies.

A statement by the Acting Director Corporate Communications of the Apex Bank, Dr. Isah AbdulMumin said the directive is in compliance with the Supreme Court judgement of March 3, 2023, saying that the directive was also in compliance with the established tradition of obedience to court orders and sustenance of the Principles of The Rule of Law the administration of President Muhammadu Buhari is known for.

“In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court judgement of March 3, 2023,” the statement said.

The Apex Bank which said it has met with the Bankers’ Committee on the development also directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023, mandated all concerned to conform accordingly.

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Economy

End Cash Crunch Within 7 days or …. NLC Threatens FG, CBN

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The Nigeria Labour Congress has issued a seven-day ultimatum to the Federal Government to end the cash crunch in the country.

NLC President, Comrade Joe Ajaero issued the ultimatum on Monday in Abuja, at the opening session of the Central Working Committee (CWC) meeting of the labour union.

Ajaero, who frowned at the difficult situation foisted on Nigerians as a result of the cash swap policy of the Federal Government, warned that on the expiration of the seven days, workers would be directed to stay away from work if nothing is done to ameliorate the situation.

The NLC president equally criticised the current fuel scarcity in the country, lamenting that workers and Nigerians are being pushed to the wall.

Joe Ajaero
NLC President

“On this issue of fuel scarcity and cash crunch, Congress wish to inform the Federal Government that we will no longer keep quiet.

“NLC is giving the CBN and the FG seven working days, if they fail to do the needful at the expiration of the seven days, all workers in Nigeria should stay at home,” Ajaero stated before the meeting went into a closed-door session.

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Economy

BREAKING! Supreme Court Extends Legal Tender Status of Old Currencies to December 31st

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The Supreme Court, in a unanimous decision a 7- member panel on Friday ruled that all the nation’s currencies, old and new, should remain in circulation till the end of December 2023.

It held that the old Naira notes should be used alongside the redesigned currencies.

It faulted President Muhammadu Buhari for introducing the demonization policy, without due consultation with the Council of States, the Federal Executive Council, the Civil Society and other relevant stakeholders.

In the lead judgement that was delivered by Justice Emmanuel Agim, the apex court accused President Buhari of disobeying its interim order that halted the full implementation of the new monetary policy.

The Supreme Court of Nigeria held as follows;

1. The Defendant, that’s the Federal Government, ought not to be heard when it has refused to obey the orders of this Honourable Court. The disobedience of the orders of the Court is a sign of the failure of rule of law.

2. This suit has merits.

3. The demonetisation policy is inconsistent with the CBN Act.

4. The President cannot make a unilateral policy without carrying the Plaintiffs along.

5. In issuing the policy, the president is under an obligation to carry the National Council of States along.

4. The policy has impeded the functions of State Governments.

5. The directive of the President is illegal.

6. Old version of the naira notes shall continue to be legal tender with the new naira notes until 31st December, 2023.

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