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General News

FG Mulls ‘Operation Feed Yourself’ to Tackle Hunger

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Federal government is considering an ‘Operation Feed Yourself’ initiative to encourage the establishment of urban farms and small home gardens across the country.

FG Mulls ‘Operation Feed Yourself’ to Tackle Hunger

Vice President Yemi Osinbajo explained that the initiative, to be undertaken in collaboration with states under the auspices of the National Economic Council and the National Council on Nutrition, was part of efforts to address malnutrition and related challenges.

The plan for this initiative is one of three major plans arising from the UN-backed Food Systems Dialogues, to advance the fight against malnutrition, the Vice President stated at a high-level meeting on nutrition on Monday.

Other plans, he added, were providing support to farmers across the country, especially by providing useful weather and soil pattern information that would improve farming yields, as well as encouraging state governments to ensure prompt release of budget for nutrition and related activities.

“There are practical steps that can be taken by the states and Federal Government in the next 12 months,” Professor Osinbajo told the meeting.

“I think that some of the suggestions are important, especially those that have come from the UN Food System Dialogue.”

Boost Food Security

He listed the different stages as the establishment of agribusiness investment hubs or farm settlements, the establishment of urban farms and homestead gardens by individuals and schools, the adoption of weather information to support farming, leveraging the support of the UN agencies and other partners for nutrition activities, and the call on MDAs and states to release funding for nutrition activities.

“States and the FGN will promote what the convener has described as ‘Operation Feed Yourself’. This is more of the establishment of urban farms and homestead gardens,” the Vice President stated.

“This is simply something that we think should be a mass appeal to citizens in the states, and the encouragement we can give them so that individuals and schools develop their own farms or homestead gardens.

“This obviously not only helps individuals and families, but the excess can be sold to others and generally improve food security. The establishment of agribusiness investment hubs or farm settlements or farm estates or any variety of those kinds of integrated farming arrangements will improve food and nutrition security.

“What we are recommending is the sort of model that Oyo State has or any of the variety that states have. That sort is obviously recommended because of the way that it is structured and the obviously good result that they have been getting.”

A file photo of a food trader at a market in Akure, the Ondo State capital. Sodiq Adelakun/Channels Television

Nutrition Budget

Speaking specifically about the funding of nutrition and related activities by MDAs and states, Professor Osinbajo said a point of importance had been made, even at the National Economic Council meetings.

“It is one of the action points as defined in the food transformation pathways which we already have issued and we are hoping that these budget releases will be specifically directed at the action points defined in the transformation pathways because these are ways by which we have identified that we can gain maximum traction in food security,” he explained.

“We urge the states to budget adequately for nutrition. Each MDA and state should adopt the national priority list, make budgetary provisions for those who haven’t concluded their 2022 annual budgets. I think there is still time to make adequate budgetary provision for nutrition in the 2022 budgets.”

Professor Osinbajo urged the state governments to adopt partnerships that can be effective in scaling up nutrition and related activities.

He said “it is also clear that we can leverage on the support of the UN agencies and other partners like the Foreign, Commonwealth & Development Office (FCDO), United States Agency for International Development (USAID), and the World Bank, as well as our development partners, the Bill and Melinda Gates Foundation and Aliko Dangote Foundation.

“The Aliko Dangote Foundation was able to show what they have been doing, especially with de-risking facilities that could be used by farmers in the various localities all over the country.”

The meeting was attended by Mrs Amina Mohammed, United Nations deputy secretary-general, state governors, and representatives of development partners, among others.

Mrs Mohammed, who acknowledged the leadership of Nigeria to the UN agenda 2030 and the Africa Union agenda 2063, believes the solution to many of the challenges associated with malnutrition lie in Nigeria’s recent commitment through the Food Systems Summit process.

“I will like to pay tribute to the leadership of the Vice President, Professor Osinbajo, and to the efforts of the Mrs Olusola Idowu, as the national convener of the virtual engagement by His Excellency at the pre-summit and clear, focused, ambitious national pathways that were published ahead of the Food Systems Summit in September,” she said.

“At the summit itself, His Excellency, the President made decisive and inspiring commitments, and all these efforts of the emerging pathways, Nigeria has demonstrated a holistic approach to the food systems transformation which really underpins that transformation that it is about climate, it is about nutrition and about an inclusive economy.”

On his part, Dr Kayode Fayemi, chairman of the Nigerian Governors Forum, said despite dwindling financial resources, the states would continue to push on the frontier of improvement in nutritional issues.

 

 

 

 

 


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General News

Afreximbank to Fund African Energy Bank with $19bn 

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The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that the Afreximbank would invest $19 billion to fund the African Energy Bank.

He said the $19 billion would go a long way toward tackling and overcoming energy poverty, driving economic growth, and improving the lives of millions of people.

The minister disclosed this while speaking at the opening ceremony of the Nigerian Pavilion, hosted by the Petroleum Technology Association of Nigeria (PETAN), at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, U.S with the theme “Africa’s Energy Renaissance: Leveraging Innovation and Natural Gas for Sustainable Development.”

He said that by pooling resources, African countries can invest in large-scale energy projects.

Also, the minister stressed the need for Africa to develop cohesive policies tailored to its unique circumstances, warning that fragmented approaches would be ineffective in addressing the escalating energy deficit.

“This conference is not a jamboree. It is a platform for Nigeria, and by extension, Africa — to showcase its vast potential,” Lokpobiri said.

He underscored the importance of regional collaboration, highlighting the Africa Petroleum Producers Organisation (APPO) as a strategic entity established to devise shared solutions for the continent’s energy challenges.

According to him, the prevailing global discourse on energy transition is largely influenced by geopolitical considerations.

In response to this challenge, he announced that APPO is in the process of establishing the African Energy Bank to bridge funding gaps and ultimately free the continent from energy poverty.

During a meeting with his Ghanaian counterpart, Lokpobiri advised Ghana to draw lessons from Nigeria’s past experiences in the energy sector, particularly in avoiding early missteps.

In his address, Ghana’s Minister of Energy and Green Transition, Mr John Abdullahi, acknowledged Nigeria’s leading role in the region.

He stated that while Ghana is a relatively new player in the oil and gas sector, it is eager to learn from Nigeria’s experiences and reforms, especially in the areas of local content development and climate policy.

“We will continue to consult Nigeria as we build a successful oil and gas industry. The collaboration between both countries remains strong. For his part, PETAN Chairman Wole Ogunsanya emphasised the significance of Nigeria’s presence at OTC.

He said: “This year’s event, under the Nigerian Pavilion, is set to highlight Africa’s growing role in the global energy sector.

“OTC 2025 promises to bring together top-tier industry leaders, policymakers, and stakeholders at the world’s largest energy event.”


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General News

NIPOST Suspends Cash Transactions Nationwide

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Nigerian Postal Service (NIPOST) has declared July 1, 2025, as the deadline for phasing out cash transactions across all its offices nationwide.

NIPOST Suspends Cash Transactions Nationwide

This was disclosed in a statement issued on Monday by Frank Alao,  director of Corporate Communications,NIPOST.

The move is part of a broader reform initiative aimed at transforming NIPOST into a more innovative, efficient, and digitally driven organisation.

The management explained that the reforms are aligned with global best practices and tailored to meet the demands of Nigeria’s rapidly evolving digital economy, as well as the Renewed Hope Agenda of President Bola Ahmed Tinubu.

Alao stated, “We are assuring Nigerians of a revitalised NIPOST that delivers superior service and embraces the future.

“A major highlight of the reform package is the transition to a fully cashless system. Beginning July 1, 2025, all post office counters nationwide will no longer accept cash payments for their services. Customers will be required to use approved electronic channels for all transactions.

“This is a crucial step in our modernization journey, one that ensures safer, faster, and more transparent service delivery.”


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FG Faults AfDB’s Adesina on Nigeria’s GDP Per Capita Figures

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The Presidency has faulted claim of Akinwumi Adesina, president, African Development Bank (AfDB),  on the current Nigeria’s Gross Domestic Product (GDP) per capita figures versus the level it was in 1960 when Nigeria attained independence.

FG Faults AfDB's Adesina on Nigeria's GDP Per Capita Figures

Akinwumi Adesina, president, African Development Bank

The outgoing AfDB President had in a recent viral statement claimed that Nigerians are worse off today than in 1960 when Nigeria’s GDP per capita was $1847..

The AfDB President claimed that in contrast to the level of the GDP per capita at Nigeria independence, the country’s current GDP stands at $824 today, a reflection of the current rampant poverty and low human development in the country.

But in a rebuttal of the claim, the presidency, in a statement by Bayo Onanuga, the spokesperson to President Bola Ahmed Tinubu accused the AfDB President of failure to carry out proper research and speaking like a politician in his assertions.

“Adesina spoke like a politician, in the mould of Peter Obi and did not do due diligence before making his unverifiable statement,” the presidency said while faulting the claim of the AfDB President.

While countering the claim of Adesina, the presidency noted in the statement that available data indicated that Nigeria’s GDP was $4.2 billion in 1960, and per capita income for a population of 44.9 million was $93, not even one hundred dollars.

“Our country’s GDP did not rise remarkably until the 1970s, when crude earnings ballooned. In 1970, our GDP rose to $12.55 billion. In 1975, it was $27.7 billion, $64.2 billion in 1980, and $164 billion in 1981. Up until 1980, per capita income did not exceed $880. It rose to $2187 in 1981 and dropped to $1844 in 1982. In 2014, after rebasing, it reached an all-time high of $3,200.

“These facts raise questions about the source of Dr Adesina’s figures,” Onanuga said.

However, the presidency also faulted the AfDB President, a former Nigerian Minister of Agriculture of making inferences on the state of poverty or human development in Nigeria solely based on the GPD per capita numbers. .

“Dr Adesina should know that GDP per capita is not the only criterion used to determine whether people live better lives now than in the past. Indeed, it is a poor tool for assessing living standards.

“Its primary usefulness is in giving us the metrics to compare economic output in a country or between countries.

“GDP masks many activities in a country’s economy. It neither discloses wealth distribution or income inequality nor accounts for the informal economy, which experts have said is enormous. It does not account for subsistence farming or income transfer from one family member to another,” the presidency said.

The Presidency also noted that GDP per capita is not reflective of the fact that Nigerians in 2025 have better access to healthcare, education, and transportation, such as rail and air transport, than in 1960.

“This premise alone suggests why Dr Adesina should not have arrived at his conclusion.

“Compared with 1960, Nigeria today has more primary, secondary, and tertiary schools.

“We have more road networks and more medical facilities, private and public. We have phenomenal access to telephones.

“At Independence, we had 18,724 operational phone lines for a population of about 45 million. Over 200 million Nigerians now enjoy near-universal access to mobile phones and digital services, indicating we are better off today than 65 years ago.”

Furthermore, the presidency noted that Nigerian policymakers know that whatever GDP figure NBS publishes may not capture our economy’s full depth and breadth as it usually excludes the greater part of the informal economy, which some pundits have said may even be more significant than the formal economy.

“This underscores why Dr. Adesina should have considered all aspects of our economy before concluding.”

“When Vodacom, a telecommunications company, considered entering the Nigerian market in 1999 or 2000, its consultants, using the available GDP metrics, advised against it.

“They believed that Nigerians were too poor to afford GSM services. However, MTN and other companies that entered the market later proved them wrong, demonstrating that GDP figures alone do not provide a complete picture of a country’s economic potential or the living standards of its people.

“MTN and other adventurers came later, and they laughed all the way to the bank. More than 20 years later, they are still laughing despite some setbacks in 2023 and 2024. In its first-quarter results this year, MTN declared revenue of N1 trillion and an increase of 8.2 percent in subscriptions, which took the number of its voice and data users to 84 million. Does this MTN experience correlate with a country worse off than in 1960, when we had analogue telephones and the number of lines was fewer than 20,000?

“No objective observer can claim that Nigeria has not made progress since 1960. Today, as we await the NBS’s recalibration of our GDP, we can comfortably say without contradiction that it is at least 50 times, if not 100 times, more than it was at Independence.”

 

 

 


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