Shocks
FAO reiterates support to Nigerian government’s efforts to tackle food insecurity
The Food and Agriculture Organisation (FAO) has reiterated its commitment to support the Federal Government‘s efforts to ensure food sufficiency. FAO Country Representative, Fred Kafeero, said this at the 44th meeting of the National Council on Agriculture and Rural Development (NCARD) in Abuja on Thursday. He said that the theme of the meeting, which is “Nigeria’s Agriculture and Food Security in the face of COVID-19, Floods and Insecurity, ” was timely. Kafeero, however, said that the theme was a call for action to cushion the knock-on effects of these shocks and threats on the livelihoods of a large section of the population, especially vulnerable groups. He urged the government to provide enabling environment for private participation, creating synergy, engaging other sectors, interven...
Zimbabwe street vendors reel under virus curbs
For years, Zimbabwean single mother Spiwe Tembo would sell buns on the streets of central Harare, earning enough to feed her three children. But her fortunes have dived. Since authorities banned street hawkers a year ago as part of a raft of measures to limit the spread of Covid-19, she plays cat-and-mouse with the police who comb the streets to rid them of vendors. “Things are tough,” the 34-year-old said, waving a packet of large buns to potential customers on a busy street in a part of Harare that locals call “Third World” because it is always teeming. She said: “We get arrested by municipal and national police. Almost daily I pay bribes to police officers to avoid getting arrested.” On the days she doesn’t have any cash, the inevitable happens and she is arrested and her wares seized. ...
Nigerian government’s special cash grant for rural women launched in Yobe
Federal government has on Friday Flag-off Special Cash Grant for Rural Women in Damaturu, Yobe State capital. Launching the programme, the Minister of Disaster Management and Social Development, Sadiya Umar Farouq said that “we gather to provide support to citizens of our beloved country. I am delighted to have you all converge on this venue for purpose of flagging off the Federal Government’s cash grant for rural women, which is a significant social protection programme of President Muhammadu Buhari’s government, aimed at uplifting the most vulnerable groups out of poverty”. According to her, since the inception of President Muhammadu Buhari’s Administration in 2015, Government has paid more attention to protecting and promoting the plight of the poor and vulnerable in the country. This s...
NCC boss: Over $70 billion spent on telecoms infrastructure in Nigeria
Vox Media Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001. The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, who made this known said the amount represented a larger chunk of local and Foreign Direct Investment (FDI) attracted into the sector within the period. Danbatta made the remarks on Thursday while delivering the Bullion Lecture 2021 Edition organised by the Centre for Financial Journalism (CFJ), Lagos. According to him, the investment in infrastructures has boosted the economy and provided more opportunities for more Nigerians have access to telecoms services. “Today, the number of active telephone lines being used by Nigerians has signi...
2,700 Akwa Ibom women benefit from federal government’s special grant
The minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has advised Nigerian women not to regard the N20, 000 special grant given to the rural woman by the federal government as the fabled national cake. She has rather charged the beneficiaries to judiciously use the grant to improve their living standard by utilizing it as seed capital do boost their trades and businesses for greater income. Speaking through Bashir Nura Alkali, the permanent secretary of the ministry, at the flag off of the Grant for Rural Women Project and the symbolic disbursement of the grant to 2700 women of Akwa Ibom state, in Uyo, on Thursday, Farouq explained that the Grant for Rural Women Programme was introduced in 2020 to sustain the social inclusion agenda of Presid...
Nigeria, UN partner on food availability, safety
To check the growing inequality in food systems in Nigeria and to meet certain components of the Sustainable Development Goals (SDGs), the Federal Government is partnering with the UN to hold a food systems dialogue. The Nigeria National Food Systems Dialogue (NNFSD) 2021is preparatory to the Food Systems Summit scheduled to hold in September, the National Coordinator of the Dialogue and Permanent Secretary in the Ministry of Budget and National Planning, Mrs Olusola Idowu said on Thursday. Speaking at a webinar to draw the attention of stakeholders to issues relating to food systems, Idowu said that convening the Food Systems Summit was part of the Decade of Action to achieve the Sustainable Development Goals (SDGs) by 2030. “The Summit is aimed at launching a bold new action to deliver p...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
Lai Mohammed: My only regret as minister
Nigeria’s Minister of Information and Culture, Lai Mohammed, has said his only regret as a minister is that some Nigerians have failed to appreciate that the administration of President Muhammadu Buhari is doing so much with little resources. Mr Mohammed stated this at a Special Forum of the News Agency of Nigeria (NAN) in Abuja. He said with dwindling resources, no government in the history of Nigeria has implemented programmes alleviating poverty among women and vulnerable groups as well as created jobs for the youth as the Buhari administration had done. The minister said his regret was that some Nigerians have failed to appreciate the efforts of the government but keep celebrating negative developments. “My regret in this government is that Nigerians have failed to appreciate that the ...
Nigerian government seeks new Eurobond
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up the economy, amidst cocktails of measures being put in place to douse the effects of the Covid-19 pandemic on the economy. On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021. Finance Minister, Zainab Ahmed, who disclosed the Eurobond plan while speaking on Bloomberg TV, explained that the decision would depend on the prevailing interest rates. She, however, did not specify the amount to be accessed from the Eurobond. The Eurobond option is ...
