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Bumper Harvest Crashes Potato Price

by Folarin Kehinde July 12, 2024
written by Folarin Kehinde

The harvest of Irish potato has begun in some of the producing states and its price has dropped as more of the product hits the market.

One of the producing states is Plateau, which also leads in the production in Nigeria, with many farmers engaged in its cultivation alongside other crops. People from all parts of the country get much of their supplies from the state.

For many years, sellers/dealers of Irish potato have made considerable earnings in the Irish potato value chain. Several LGAs in Plateau are avid farmers of the crop because of the fertility of the land and climate to support the super germination of the crop.

Among the LGAs in the state producing good potato are Bokkos, Mangu, Jos South, Jos North, Bassa and Jos East. Over the years there was massive production of Irish potato from these areas for the country at large and even beyond.

However, in the last few months, the price of potato skyrocketed, thereby making many people to refrain from buying it. Factors responsible for the price hike include insecurity in parts of the state and the farmer-herder crisis which has culminated into attacks on communities and counter-attacks. This has led to a considerable number of farmers being unable to go to their farms, while many others are still in Internally Displaced Persons (IDPs) camps.

In effect, the potato price skyrocketed, and just barely one month ago, a 65kg of potato which was bought at between N30,000 and N35,000 about a year ago rose to N180,000. The price increment was consistent for several months until last month when it dropped to N45,000 per bag. At first it started to drop to N150,000 to N120,000 to N100,000 to N80,000 until the downward trend continued and got to the current N45,000.

Speaking on the current price, a dealer, Faruq Rabilu, said the drastic drop was due to bumper harvest, and that many farmers were now flooding the market with the produce from all the producing LGAs.

He advised that intended buyers should quickly do so as that in the next two months upwards the potato would become scarce again, with the price likely to go up.

Rabiu explained that another reason why the crop was earlier scarce and expensive was not only because of the inflation and the economic hardship in the land, but that because some persons also hoarded it and were banking on the price hike to sell them at exorbitant prices.

He said some of those who hoarded the potato could have been taken by surprise by the sudden drop in the price and could be making considerable losses at the moment, thereby calling on hoarders not to engage in that act as it was counterproductive.

On his part, a community mobiliser and Irish farmer in Mangu, Shohotden Mathias Ibrahim, said the price of Irish potato varied per bag; depending on quality. He said now it was sold per bag from N50,000 to N55,000.

He said the harvest would have been bumper last year because of the good nature of the rain, explaining that the rain was not too much, hence that leaching was not quite experienced, but that the major challenge was the high cost of fertilisers.

Mathias said if the government was proactive to subsidise fertilisers, there would be more bumper harvests in the coming phase, and that there would be availability of potato at much more affordable prices for consumers.

He said he hoped that fuel price would not go up again so that it did not trigger the hike of food prices, and potato by extension, thereby affecting the projection of the crop’s availability and affordability next year.

July 12, 2024 0 comments
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Sanwo-Olu’s Policy On Housing Will Avert Building Collapse In Lagos – Aide

by Folarin Kehinde July 12, 2024
written by Folarin Kehinde

As part of measures aimed at curbing the reoccurring cases of building collapses in Lagos, Governor Babajide Sanwo-Olu has given a 3-month window assessment in the early part of the 1st Quarter of his Administration to the public in order to ensure integrity test for building as well as for approval in the state.

Senior Special Assistant to Lagos State Governor on Housing, Hon. Abdul-Akeem Ayodeji Amodu, while speaking on the sideline of the inaugural lecture ceremony of the 26th President of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) held at the State House in Abuja stated that the 3-month window seek to find out whether the Properties already built are under pipeline, Sewage tanks and Tracks, or on the drainage area, or make the building are not even aligning with the building codes, or not aligning with the master plan of the state.

Amodu explained that Governor Sanwo-Olu has however given the opportunity to the public to apply for their building plans approval and documentation, to make sure that their properties are duly titled adding that many estates in Lagos have no building Plan approval.

“So what Mr. Governor has done, in essence, is for individual and property owners or Groups should come up with their documents, come up with your As-Built Plan.

“The Commissioner of Physical Planning in Lagos State in the recent past has come up with this idea through the policies of advice to the government . The Government & Ministries were shocked to discover that there are so many estates, so many homes in Lagos that don’t have
building Plan approval.

” Some don’t even have Architectural building plans, they don’t follow the building code, So what we’ve done as Government is to allow people to engage Professionals like Architects, Town Planners, Estate Surveyors & Valuers, Engineers to assist them to come up with a document, even if you have built your House, get an architect, let them design for you a proper as built building plan. Then you come up to the state to present it, because the truth is that Governor Sanwo-Olu’s government is a people’s government. We don’t want to come and start breaking homes or bringing buildings down without advocacy. The Government does not want to start making people homeless, because we need these
people.

“They’ll do the normal integrity
test on your building to ensure that the property is actually standing well on a solid
structure, so that you don’t, jave a defective building in future, after getting that approval, the building collapses”

Meanwhile, Amodu noted that in a bid to curb housing deficit in Nigeria, Lagos State has begun the development of housing projects in all the 20 local governments and 37 Local Council Development Areas (LCDAs) of the state both on Public-Private partnerships (PPP) Joint Venture (JV) and Government Allocated resources Model.

He explained that the governor recently commissioned about 360 housing units of one, two bedrooms, and three bedrooms in different clusters which was hitherto abandoned in the state adding that the governor also commissioned 144 units of one, two and three bedrooms as well as another 60 units of three-bedroom blocks of apartments in Amuwo Odofin local government area 3 weeks ago.

We also still have on-going Project embarked upon by the Ministry of Housing, LSDPC, LBIC and a host of other Government Real Estate Partnerships with the Government to be Commissioned soon by Mr Sellable. Governor Babajide Sanwo-Olu’s to realise his Administration’s theme Agenda for the State.

Amodu further assured that development will be even in the state as affordable housing scheme has also been made available for the masses to meet the demand of housing deficit in the state.

“We are still making sure that we develop homes for the masses, we have a scheme
called the LAGSHOMS SCHEME which is A Rent- To – Own which is like pay-as-you-earn scheme, which is been Supported through the Lagos Mortgage Board for the
Lagoshoms where you pay 5% of the total cost and value of that property.

“And every other amount of that property will be spread around for you to lpay within the space of about 10 years. So it’s a way of bringing development to the people and residents of Lagos, by giving comfort to the less privileged, to the working class, and to the Non-Structured Sector of the state.” He added.

Speaking on the inaugural lecture and Investiture Ceremony of the 26th President of The Nigerian Institution of Estate Surveyors and Valuers which was well attended by major stakeholders in Government, Legislature, and Captain of Industry in the built Sector and Environment, Amodu emphasized the symbiotic relationship between NIESV and Lagos State Government as cordial adding that governor Sanwo-olu is poised at ensuring professionals must take charge and full responsibility in a Professional manner of real estate activities & events in the built industry as well.

He also encourage and admonished other Professionals by saying it is a clarion call to all other professional Bodies to embrace Professionalism so as to deliver the good for the benefit of Lagos amd Nigeria’s development as whole.

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BREAKING: NYSC hostel wall collapses, injures many corps members in Ekiti

by Folarin Kehinde July 12, 2024
written by Folarin Kehinde

There was apprehension at the National Youth Service Corps (NYSC) orientation camp in Ise-Emure, Ekiti State, following the collapse of a hostel wall.

Leading reporters cannot independently confirm if any death was recorded however, sources say many corps members were injured.

An eyewitness in the camp said the female section of the hostel collapsed on Friday morning.

“The wall of one of the female hostels collapsed this morning (Friday). It was the bathroom wall which caved in when they were planning to take their bath,” the source said on the condition of anonymity.

“But thank God, people rushed down there to retrieve them from the rubble. They have been stabilized at the clinic and they will get further medical treatments.”

The corps members are currently in the camp for the three weeks compulsory orientation camp.

An official of the NYSC who confirmed the incident said only two corps members were affected and had been stabilized at the camp’s clinic.

He called on parents, guardians and stakeholders not to panic over the incident, adding that it had no serious negative impact on the corps members.

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BREAKING: Tinubu Names National Theatre After Nobel Laureate, Wole Soyinka

by Folarin Kehinde July 12, 2024
written by Folarin Kehinde

President Bola Tinubu has named the National Arts Theatre in Iganmu, Lagos, after Nobel Laureate Professor Wole Soyinka, in celebration of his 90th birthday.

This announcement was made in a letter to the literary icon, acknowledging his immense contributions to literature, human rights, and justice.

Tinubu praised Soyinka’s remarkable achievements, including his Nobel Literature Prize in 1986, and his unwavering dedication to human dignity and justice.

He said, “I am pleased to join admirers around the world in celebrating the 90th birthday of Nigeria’s iconic son and the world-renowned Professor Akinwande Oluwole Babatunde, famously known as Wole Soyinka.

“Tomorrow the 13th July will be the climax of the series of local and international activities held in his honour. To underscore the global relevance of the literary giant, a symposium, along with poetry reading was held in Rabat Morocco on 9 July. The event was organized by the Academy of the Kingdom of Morocco and the Pan African Writers Association (PAWA).

“Professor Soyinka, the first African to win the Nobel Literature Prize in 1986, deserves all the accolades as he marks the milestone of 90 years on earth. Having beaten prostate cancer, this milestone is a fitting testament to his ruggedness as a person and the significance of his work.

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BREAKING: School Collapses On Students Taking Examination In Plateau State

by Folarin Kehinde July 12, 2024
written by Folarin Kehinde

A two-storey structure, which housed secondary school students, crumbled during school hours, around 11 am on Friday, while examinations were in progress.

A devastating building collapse has occurred at Saint Academy in Busa Buji, Jos North LGA, Plateau State, trapping numerous students beneath the rubble.

The two-storey structure, which housed secondary school students, crumbled during school hours, around 11 am on Friday, while examinations were in progress.

LeadingReporters learnt that panicked parents have flocked to the scene, overcome with grief.

Emergency responders, including soldiers and police, are currently conducting rescue efforts to extricate the trapped students.

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Tinubu removes Buhari’s in-law, other officials of Nigeria’s security printing company

by Folarin Kehinde July 11, 2024
written by Folarin Kehinde

President Bola Tinubu has ordered the immediate removal of the Managing Director of the Nigerian Security Printing and Minting Plc (NSPM), Ahmed Halilu, and four other executives of the company, LEADING REPORTERS can report today.

Mr Halilu, brother to former First Lady, Aisha Buhari, was appointed to the position in September 2022 by ex-President Muhammadu Buhari.

Also affected by the removal directive are the company’s Executive Director, Corporate Services, Ado Danjuma; Executive Director, Operations (Lagos Factory) Chris Orewa; Executive Director, Security Documents, Tunji Kazeem and Company Secretary, Victoria Irabor.

Mrs Irabor is married to a former Chief of Defence Staff, Lucky Irabor, a retired general.

The Defence Headquarters, under Mr Irabor, in 2023 shielded former Governor of the Central Bank, Godwin Emefiele, from arrest by the State Security Services by deploying troops to secure his home and workplace.

In the interim, Abubakar Minjibir, the organisation’s executive director of operations (Abuja factory), has been asked to remain in office to act as managing director. It is unclear why Mr Minjibir was sparred.

The spokesperson for the CBN, Sidi Hakama, did not answer or return calls when contacted for comments on the development at the security minting company. She also did not respond to a message sent to her on the matter.

However a top official of the central bank confirmed our findings, saying the affected officials were asked to leave with immediate effect.

This shakeup at the company comes months after Jim Obazee, the special investigator appointed by President Tinubu to probe CBN’s affairs under the Buhari administration, submitted his report to President Tinubu.

The report outlined NSPM’s role in the controversial currency redesign policy implemented by Mr Emefiele, which negatively impacted individuals and businesses in the country.

According to Mr Obazee’s report, in commencing the naira redesign policy, the former central bank governor invited the now removed managing director of NSPM to the CBN headquarters and directed him to redesign and reconfigure the old naira notes.

However, Mr Halilu informed Mr Emefiele that the task would be time-consuming due to the complexity of the new features, which included the positioning of the watermark, presence of QR codes, different numbering styles, and other advanced security elements.

He advised Mr Emefiele to reconsider revising the redesigns given the time constraints.

But Mr Emefiele was determined to overcome all obstacles to the policy. He therefore contracted De La Rue, a company based in the United Kingdom, to handle the redesign for a fee of GBP 205,000.

After De La Rue delivered on the task, the NSPM was then tasked with printing the redesigned currency. The company did not quite deliver, triggering an unprecedented shortage of currency in the country.

The NSPM Plc, also known as The MINT, was established 1963. It is the corporation responsible for printing and minting Nigeria’s currency notes and coins. It operates under the supervision of the CBN and is tasked with producing secure and high-quality currency to ensure financial stability in the country.

The company also produces security documents such as passports, stamps, and other vital records for both government and private entities.

NSPM Plc is known for its advanced security features and complex printing processes to prevent counterfeiting and ensure the integrity of Nigeria’s financial system.

July 11, 2024 0 comments
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BREAKING: Alleged 33.8b fraud: Court sends ex-Minister of Power, Saleh Mamman to prison

by Folarin Kehinde July 11, 2024
written by Folarin Kehinde

A Federal High Court in Abuja has ordered that former Minister of Power, Saleh Mamman be remanded in Kuje prison in Abuja pending the consideration of his bail application.

Justice James Omotosho issued the order on Thursday, July 11, after Mamman was arraigned on a 12-count charge bordering on money laundering offences.

He pleaded not guilty to the charge brought against him by the Economic and Financial Crimes Commission (EFCC), following which the prosecuting lawyer, Olumide Fusika (SAN) sought a date for the commencement of trial.

Lawyer to the defendant, Femi Ate (SAN) said he filed a bail application shortly before the court resumed sitting.

Although Fusika admitted being served with the bail application around 12:30 pm, Justice Omotosho noted that the application was not yet in the court’s file.

In reaction, Ate prayed to be allowed to return the next day to argue the bail application, which request Fusika did not oppose.

The judge then adjourned till Friday, July 12, for the hearing of the bail application and ordered that the defendant be remanded in Kuje correctional centre.

The defendant, who his lawyer said is ill, looked dejected while stepping off the dock, shortly after the judge’s pronouncement.

Details shortly…..

July 11, 2024 0 comments
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Cardoso sacks security printing management team, appoints acting MD

by Folarin Kehinde July 11, 2024
written by Folarin Kehinde

As part of measures to protect the country’s currency, the board of Nigerian Security Printing and Minting (NSPM) has terminated the appointment of the executive management team led by the Managing Director, Halilu Ahmed.

As gathered, the board chaired by Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, directed Ahmed, who was identified as former President, Muhammadu Buhari’s in-law, and other members to hand over all activities of NSPM immediately, ending their two years stay in office.

Meanwhile, the Cardoso-led board has appointed Abubakar Minjibir, as the Acting. Managing Director, to prevent any leadership vacuum within the agency.

Also appointed by the board on Wednesday were Muhammed Mustapha who serves as General Manager for Finance and Strategy, and Adesoji Ogungbesan who will assume office as the General Manager for Corporate Services.

Although the new development has not been effected on the agency’s website, the change was contained in a memo dispatched by the board to staff and seen by The Guild Correspondent.

In the memo with no. 2083, the board assured staff that the new management team would ensure better welfare, and embrace strategic initiatives as well as transform the agency to achieve its goals.

The board, however, urged the staff to cooperate with the Minjibir-led team to achieve the Board’s strategic vision for the company.

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S’court orders FG to pay allocations directly to LGs, bars governors from dissolving councils

by Folarin Kehinde July 11, 2024
written by Folarin Kehinde

The supreme court has ruled that the federal government should henceforth pay allocations directly to local government councils from the federation account.

Delivering judgment in the suit on Thursday, a seven-member panel of justices held that state governments have continued to abuse their powers by retaining and using the funds meant for LGAs.

The apex court also ordered the federal government to withhold allocations of LGs governed by unelected officials appointed by the governor.

Emmanuel Agim, who read the lead judgment, said states are mandated to ensure that their local government councils are democratically elected, ⁠and that governors cannot use their powers to dissolve democratically elected local government councils.

“The amount standing to the credit of local government councils must be paid by the federation to the local government councils and not by any other person or body,” the judge said.

“The said amount must be paid to local government councils that are democratically elected.

“An order of injunction is hereby granted restraining the defendants from collecting funds belonging to the local government councils when no democratically elected local government councils are in place.

“An order that henceforth no state government should be paid monies standing to the credit of the local government councils.

“An order for immediate enforcement and compliance with these orders by the state governments and successive governments henceforth.”

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BREAKING: Ex-Power minister, Mamman collapses in court during arraignment

by Folarin Kehinde July 11, 2024
written by Folarin Kehinde

The arraignment of Mr Saleh Mamman, former Minister of Power under ex-President Muhammadu Buhari, was, on Thursday, stalled after he collapsed outside the courtroom of the Federal High Court, Abuja.

Mamman, whose plea was fixed for Thursday morning, collapsed before the case was called.

NAN reports that the former minister’s counsel, Femi Ate, SAN, told Justice James Omotosho shortly when the matter was called for Mamman to take his plea.

Upon resumed hearing, the ex-minister walked into the courtroom and stepped into the dock with part of his clothes drenched.

Justice Omotosho then asked why Mamman was sweating or whether it was raining outside.

The former minister, who responded from the dock, said water was poured on him.

The Economic and Financial Crimes Commission (EFCC)’s lawyer, Adeyinka Olumide-Fusika, SAN, while addressing the court, said though the matter was fixed for Mamman’s arraignment, there was a development outside the courtroom.

Olumide-Fusika said he had a discussion with Ate outside the courtroom about Mamman’s ill-health.

“I was informed of an incident outside. I will want my learned senior advocate to tell the honourable court himself,” he said.

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