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Nigerians Dying Of President Tinubu’s Harsh Economic Policies – Atiku Insists

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Atiku Abubakar

By Ayodele Oni

Former Vice President, Atiku Abubakar on Monday, declared that  the greatest challenge of President Bola Tinubu’s  administration should be how Nigerians are going to survive the harsh economic policies instead of “fiddling while the country burns.”

Reacting to statement on Sunday by the Presidency that he was envious of President Tinubu, Atiku insisted that the focus of President Tinubu should be his economic policies and approach to governance that is killing Nigerians, and not attacking the opposition which is not in the saddle.

This was as he maintained that Tinubu was unprepared for office, saying that the president acts first and thinks of the consequences afterwards which formed why he announced an abrupt removal of petrol subsidy without any cushions.

Atiku, in a statement by his Special Assistant on Public Communication, Phrank Shaibu, noted that on July 8, 2024, Tinubu announced that import duty on essential goods like food would be lifted for 150 days.

He however said that over 120 days later, the policy is yet to take off, while Nigerians continue to die daily due to increasing costs, including food inflation, which now exceeds 40%, the highest in decades.

Atiku, also, stated that the brazen disobedience to government policy by Tinubu’s appointees and the failure of the Finance ministry to issue a gazette after over four months reflects the fatuousness, inanity and the incompetence that characterizes the Tinubu administration.

“Sadly, rather than focus on governance, they are preoccupied with verbally assaulting their opponents – Atiku Abubakar and Peter Obi – while using compromised courts to foster crisis in the opposition. What a shame!

“Tinubu was obviously unprepared for office. He acts first and thinks of the consequences afterwards. This was why he announced an abrupt removal of petrol subsidy without any cushions.

“After seeing the effect, he then hurriedly decided to push a CNG initiative, which even he and his ministers have not embraced, hence their refusal to use it.

“The CNG initiative has so far failed to fully kick off because of a lack of gas infrastructure in most states. The result is that transport costs continue to soar along with prices of food.

“In his mid-term expenditure framework, he projected the exchange rate at N700/$1 in 2024 and N650/$1 by 2025. Rather than sack his economic advisers, he continues to live in a fool’s paradise, deceiving Nigerians about the FX reserve of $40bn when, in fact, the net reserves are less than 20% of that.

“Let the CBN release its financial statements of 2023 if he is sure of his achievements,” he challenged Tinubu.

“Even on the economy, he put his kinsmen in every key position beginning from Finance minister, Trade and Investment, CBN, Customs and FIRS.

“Even President Muhammadu Buhari was not this brazen. Unlike Tinubu, Atiku is not a bigot. He has also not refunded money to the United States for alleged drugs trafficking.

“It is disheartening that during the last protests, some frustrated young Nigerians were waving Russian flags and calling on the military to take over. God forbid we return to those dark days, but leaders must not push their citizens to a point where citizens choose fire over frying pan.

“Nigeria is currently the worst performing currency in Africa and is now the 5th largest economy on the continent, falling from first when the failure called APC took over in 2015.

“Most Nigerians are at their wits’ end, not knowing where their next meal will come from. This should be Tinubu’s biggest concern instead of fiddling while the country burns.”

Onne Port Customs Intercepts N46b Hard Substances, Generates Over N550b

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Bashir Adewale Adeniyi - Customs CGC

By Suleiman Anyalewechi

The Nigeria Customs Area 2 Command, Onne Port, in Rivers State, on Monday, announced the seizure of a large consignment of contraband, expired and unwholesome pharmaceutical  products, including hard substances with a street value of over  N46 billion.

With the recent interception of 21 containers, the Onne Port  Comptroller, Mohammed Babandade, at Media briefing  said the Command has recorded the seizure of  a total of 63 containers of contraband and unwholesome products within the 2024  operational year.

This is even as he informed that the Commanded generated over N550 billion in revenue between January and November 2024.

According to the Comptroller, the recent interception comprises twenty 40 feet  and one 20 feet containers  all laden with illicit drugs ,which pose severe threat to public health and safety.

One of the containers ( 20feet), however, contains donkey skin, a highly prohibited item both at the Nigeria and international levels.

Most of the items involved, he informed, include,Cough syrup, Codeine, Extra Diclofenic tablets ,Trodol Benzhexol and Royal Tapentadol/Tramadol/Tamolx.

Others are Fake/Counterfeit Gonorrhea Antibiotics without NAFDAC registration number, Chlorphenamine,Lemotil Loperamine and other fake mineral supplements.

“These seizures underscore our unwavering commitment to combating illicit medicine and ensuring the safety of public health.

“You will recall that exactly two months and seven days ago, precisely on 4th of September, 2024, the Comptroller General of Customs, Bashir Adewale Adeniyi, was at Onne port where he showcased series of significant seizures made by the officers of the Area 2 Command.

“Twelve (12)Containers were displayed with illicit goods intercepted through the combination of intelligence gathering, inter agency collaboration, and meticulous physical examinations.

“The Security concern from the series of seizures of contraband goods made through this port led to the declaration of a three month state of emergency ,where the Command was granted the authority to scrutinize all suspected containers, regardless of the presence of their owners .

“The implementation of this state of emergency by the CGC has proven effective in enhancing our operational capabilities and ensuring that we can act decisively against those seeking to undermine our nation’s security” Babandede stated.

The Onne Customs Comptroller noted that before the declaration of the state of  emergency, the Command had seized in  one fell swoop 844 Riffles, 112,500 rounds of ammunition ,a development that triggered alarm within security circles in the country.

Similarly, according to him, over six million bottles of Syrup with Codeine, 56 ,878 ,900 tablets of Tramadol were among the unwholesome pharmaceuticals intercepted at the time.

Comptroller Babandede informed that the duty paid value of the over 63 containers so far seized at the Onne Port this year is over N130 billion.

In the same vein, he noted that a total of 2,436 408 ,33 Metric tonnes of goods with a free on board FOB value of $ 826 ,613 ,015.87 were  processed through the Command .

“Still within the past months of this year, the Command, as at this morning, has generated a total revenue of Five Hundred and Fifty Billion ,Four hundred and Thirty one million ,Five hundred and fifty-nine thousand,five hundred and Ninety-Eight Naira ,forty one kobo.( N550,431,559,.598.41).which translate to %89 of the annual target of N618 billion given to the Command” Babandede stated.

He appreciated the collaborative efforts of sister security agencies such as NAFDAC, DSS  NDLEA ,Quarantine Services and others for the modest feats recorded by the Command.

Peter Obi Leads LP Campaign In Ondo, Insists On Better Nigeria

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Peter Obi Leads Campaign in Ondo State

By Ayodele Oni

Presidential candidate of Labour Party, (LP) in 2023 election, Peter Obi on Monday sensitized the people of Ondo state on the vision and mission of the party for Nigerians.

Obi, who was in the state to boost the campaign of the LP governorship candidate, Sola Ebiseni in Saturday’s election, emphasized the need for genuine democracy and an end to transitional politics.

He envisioned a Nigeria where everyone has equal opportunities, education, and healthcare.

The Labour Party’s achievements in Ondo State from 2009 to 2017, under Dr. Olusegun Mimiko’s government, are being highlighted as a testament to their capabilities.

Obi moved around Akure, the state capital, with Ebiseeni and his running mate, Mr Dayo Awude, and preached the gospel of the LP to the residents. He asked them to vote for the candidate of LP for the progress of the state.

Obi said it was time to rebuild Ondo State and bring on board those who would provide employment, education, and infrastructure to the citizens and not those who usually show up every four years to canvas for votes.

According to him ” Labour Party is the most popular political party in Ondo State. This is a party that the people of Ondo State voted for twice and was in power in this state between 2009 and 2017.

“Our programmes and policies and projects are everywhere and you know it. Everywhere you go in Ondo State, all the projects you see are in the colour of the dress I am wearing.

“I am deliberately wearing the orange colour, which is the colour of the Labour Party and the colour you will see in every project.

“We know democracy is suffering in Nigeria, we know they have turned democracy into transitional politics, but we still insist that we continue to campaign and telling Nigerians that this is time to start building a new Nigeria.

“A new Nigeria where a child of nobody is somebody, a Nigeria where there will be equal opportunity, a Nigeria where we put people out of poverty, a Nigeria where our children will be in school, where our hospitals will work.

“We don’t want people to give us money which they have stolen from us and thereafter, they continue to steal more. We want to stop the stealing and start the rebuilding.

“We want to stop the destroying and start the rebuilding; we want to move this country from consumption to production so we can create jobs. That is why we are here campaigning.

“Ondo electorate should shun vote buying and selling because it is money which they have stolen that they are using to buy them.”

Ebiseeni, in his remark, said the LP, being the most popular party in the state, would win the November 16 governorship election.

Our presidential candidate is here to give support and to let Nigerians know that the Labour Party is the party to vote for.”

Ebiseni urged the electorate to shun vote buying and selling, emphasizing that stolen money is being used to manipulate voters. Instead, he encourages them to support the Labour Party, which has a proven track record of delivering development project.

Bode George To Sanwo-Olu: “In Lagos, Traders Are Being Flogged Like Animals”

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Bode George and Babajide Sanwoolu

By Akinwale Kasali

Remember Arab Spring, He  warns Governor

Olabode George, Peoples Democratic Party, PDP, Chieftain and former Deputy National Chairman of the PDP, has urged Governor Babajide Olusola Sanwo-olu to wade into the ill treatment and extortion of Traders in Lagos State by the Security Agents and Officials.

He decried the escalating harassment, extortion, and physical abuse of traders by state officials and security agents, saying that this may metarmophose into a face off, if not addressed in earnest.

In an open letter to the Governor, George expressed grave concern over the plight of traders, highlighting that many face constant harassment and are subjected to heavy levies. He lamented that traders are “harassed and flogged like criminals” by Government agents, despite their contributions to the economy.

He wrote, “I bring to your attention the suffering of countless traders in Lagos State. Lagos is known as the Centre of Excellence, yet these traders face treatment that is anything but excellent. Beyond paying multiple levies, they endure daily extortion from local authorities and street thugs. It is appalling that these traders, who struggle daily just to survive, are treated worse than criminals.”

According to George, many traders are forced to sell on the streets due to the high cost of market shops, with some shops priced at over one million Naira. For many, this is beyond reach, leaving street trading as their only option.

“In the 21st century, it is inhumane for government officials to treat traders as though they were bandits or terrorists,” he continued. “Where is our sense of dignity? These traders are not criminals. They deserve respect as they try to make an honest living.”

George urged the Sanwo-Olu administration to adopt more constructive solutions to street trading, such as regulating their activities or establishing skill acquisition programs. He emphasized that harassing traders and confiscating their goods is not the answer.

“After paying their daily dues, these traders are hounded, their wares confiscated, and they are often locked up. This triple tragedy should be addressed with compassion, not punishment. Many of these traders support families, including children in tertiary institutions, and the loss of their livelihood only deepens their hardship,” George added.

He also referenced the “Arab Spring” as a cautionary reminder of what can happen when people’s frustrations boil over due to harsh treatment and economic challenges.

In a plea to the governor, George stated, “Street traders are respectable citizens who strive every day despite the tough times they face. It is unjust for them to be treated with disdain, while loiterers and miscreants roam freely. Arresting street traders en masse and shoving them into Black Maria trucks, which are meant for hardened criminals, is a disgraceful display of inhumanity in this century.”

George concluded by calling for an end to the abuse of State power against traders, urging officials to adopt a more compassionate and civil approach that aligns with global standards of human decency. He urged Governor Sanwo-Olu to take immediate steps to stop the harassment and find a humane solution that respects the traders’ dignity.

Adamawa: 30 Gold Miners Perish As CAPPA Laments  Illegal Mining

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Gold Miners in Nigeria

By Akinwale Kasali

The recent collapse of an illegal Mining Pit located within a National Game Reserve spanning Gashaka Local Government Area in Taraba State and Toungo Local Government Area in Adamawa State has prompted the call by Corporate Accountability and Public Participation Africa, CAPPA, on the Federal Government and State Authorities to enforce strict monitoring and regulatory measures against illegal mining activities to prevent further avoidable tragedies across the country.

The accident in Taraba and Adamawa State which took place on Wednesday, November 6, left about 30 Gold miners presumed dead in the buffer zone of the Gashaka-Gumti National Park.

The organisation expressed deep concern over the incidents of illegal mine camps and the collapse of mines across the country, stating that these challenges now cast doubt on the operational effectiveness of the Mines Surveillance Task Team as well as other monitoring outfits designed to regulate such occurrences.

“Despite existing regulations, illegal mining continues to proliferate, revealing serious gaps in enforcement, often at the expense of local communities,” CAPPA said.

“Our field investigations have uncovered illegal and abandoned mining camps operated by local and foreign—often Chinese—interests in states like Nasarawa, Osun and Ekiti, among others. Artisanal miners, primarily, impoverished locals and vulnerable groups such as women and children, risk their lives digging as deep as 200 feet with nothing but shovels and minimal safety measures and equipment.

“This unregulated extraction not only facilitates the plunder of communal resources but also leads to severe environmental degradation, leaving behind hazardous open pits that endanger not only the miners but the broader community alike,” said Akinbode Oluwafemi, Executive Director of CAPPA.

The organisation also flagged the pressing need to address the socio-economic conditions that compel locals into unsafe mining practices, reflecting that poverty, created and sustained by systemic exclusion, forces many to engage in dangerous mining operations as a means of survival.

The organisation warned that as global capital now drives a frenzy for minerals to support a “green transition,” mineral-rich communities in Nigeria will remain locked in cycles of exploitation and danger unless they are allowed a rightful stake in the wealth extracted from their lands.

“Without structural changes that redistribute this economic power, illegal mining will continue as an imposed, desperate option for the impoverished. While we continue to sound the alarm about the dangers of illegal mining, we must also address the conditions that push individuals into these high-risk activities,” CAPPA stated.

It noted that though the Artisanal and Small-Scale Mining Department (ASSMD) under the Ministry of Mines and Steel is tasked with helping small-scale and artisanal miners formalise their operations and access support, costs of obtaining a mining lease and other official requirements make this process difficult for many.

“For instance, recent revisions to the fees for obtaining a Small-Scale Mining Lease as announced by the Ministry of Solid Minerals Development in July, now stands at N300,000 for two Cadastre units as opposed to an initial N10,000. While this fee might seem modest for mining cooperatives and corporate interests, it is unrealisable for many impoverished individuals and communities who rely on artisanal mining for survival. In practice, this barrier allows big players and corporate profiteers to secure this lease and proceed to exploit the labour of artisanal miners, who work under harsh and unsafe conditions and reap profits for them.

“Beyond the financial burden, applicants are also required to submit a pre-feasibility study, proof of adequate working capital and technical competence, and precise coordinates for the proposed site. For many artisanal miners, whose level of education and economic standing limit their ability to meet these requirements, these demands are simply unattainable, excluding them from legal mining avenues and pushing them toward unsafe and exploitative options,” said CAPPA.

The statement urged the federal government to reform mining policy to make licensing processes accessible and affordable for local communities and small-scale miners. The organisation suggested reducing licensing fees, simplifying application processes, and providing technical and educational support to equip small-scale miners with safer, legal pathways.

In addition to overseeing regulatory reforms and robust enforcement against unauthorised mining camps, CAPPA demanded that corporations exploiting resource-rich areas across the country be held accountable for any human rights and environmental violations they cause.

The organisation called on state governments to exercise strict oversight of corporate mining operations, enforcing penalties, including license revocations and financial reparations, to deter corporations from bypassing safety and regulatory obligations.

CAPPA also stressed the need for a task force on mining that operates with responsibility, rather than force, when dealing with vulnerable communities.

“Using force on desperate communities only creates resistance and worsens tensions at mining sites,” CAPPA warned. “The government must protect lives and prioritise the rights of these communities, who are often left with the scars and costs of resource extraction that does not benefit them.”

Ondo 2024: Obasanjo Visits Aiyedatiwa, Tells Him “I Wish You All The Best”

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Obasanjo Visits Aiyedatiwa

By Ayodele Oni

Aiyedatiwa to Obasanjo: “You are a good recurring decimal

Former President Olusegun Obasanjo on Monday interacted with the Governor of Ondo State, Lucky Aiyedatiwa, as he recounted his past political tour of the South West in a day.

Chief Obasanjo paid a courtesy visit to the Governor at the Presidential Lodge of the Government House in Akure.

A statement by the Chief Press Secretary to the Governor, Ebenezer Adeniyan, stated that the former President was in the Ondo State capital for the commissioning of the Ojaja Park, an estate developed by the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.

After being briefed by the Governor on his campaign activities ahead of Saturday’s governorship election, Obasanjo wished the Governor well in the election.

The forner President said: “I understand the challenges of this period for you. I remember my campaign for the 1999 election. I covered the entire six states of the South West in one day.

“I think we started in Akure, Ondo State here, then to Ekiti and we got to Lagos around 8pm. This is a crucial part of the process and I wish you all the best.”

Governor Aiyedatiwa who thanked the former President for the visit, acknowledged his contributions to the development of Nigeria, adding that his achievements as President remain indelible.

The Governor described Obasanjo as a good recurring decimal in the life of the nation, a remark the former President laughed at and suggested to be a newpaper headline.

Aiyedatiwa also shared his past personal experiences at multiple times with the former President, saying despite his high profile and military background, Obasanjo remains a very humble and humane leader.

Yobe To Power Public Schools By Solar Energy

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Mai Mala Buni - Yobe State Governor

By Suleiman Anyalewchi

The Yobe State Government, on Monday November 11, 2024 announced plans to power all public secondary schools in the State through Solar Energy.

This is just as it said plans are ongoing to rejig the fortunes of public schools by rehabilitaing and re-equiping existing institutions

On an inspection tour of some public schools in parts of the State, Secretary to the State Government SSG, Baba Malam-Wali informed that the State ,will be jettisoning the use of fossil fuel in the powering of its public institutions particularly schools, in the next fiscal year.

He stated that the proposal has been adequately captured in the 2025 appropriation bill soon to be sent to the House of Assembly for approval.

The Source reports that Yobe, alongside States of the North East Region, including Bauchi, has been battling with epileptic power supply for a long time now, a development which has severely impacted on the economic growth of the state and Region.

Only recently, States of the North West, were hit by several days of power outage, resulting from the alleged vandalization of Shiroro-Kaduna power transmission line.

The incessant drop in power supply has forced many States in the North East and North West into mulling alternative source of power supply.

Malam-Wali who spoke with the Media during the tour that saw him visit Government Higher Islamic College Nguru, Government Day Secondary school Gashua, Nigeria Tulip International College, NTIC, Yobe Damturu Campus, and Government Girls Unity College also in Damturu, emphasized that the proposal is part of a wider plan aimed at improving the standard of education in the State.

Other measures to rejig the standard of education which he noted spanned from 2019, include the construction of several model schools for the purpose of easing over crowding in urban institutions.

According to the SSG, the State Government has in collaboration with traditional rulers and other community leaders been improving on the enrollment of pupils in schools, particularly, in the rural communities.

Part of the efforts to reposition the education,he noted,  also include the payment of WAEC and NECO examination fees for the State’s candidates with a view to lessening financial burden on the parents.

Similarly, apart from establishing additional  secondary schools for girls, the State Government Malam-Wali, informed, has been relentless in the rehabilitation, and equipment of existing educational institutions in the last few years ..

The SSG stated that an audacious school feeding programme which will  cost the state about N500 million monthly is also   underway.

Truck Rams Into Epe Market, Kills Three

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Accident Scene in Lagos
File Copy: A Road Accident

By Akinwale Kasali

Three Persons have been confirmed died, after a Truck rammed  into the popular Ayetoro Market in Epe, Lagos.

The Truck, allegedly, suffered a brake failure, veered off the road, and rammed into the market.

Eyewitnesses report that the truck lost control while descending from Ita-Opo, hit a commercial tricycle and a parked Toyota Camry before crashing into the bustling market area.

The Lagos State Traffic Management Authority, LASTMA, confirmed the fatalities and is investigating the incident.

The statement reads: “A fatal accident occurred due to a brake failure of a truck descending from Ita-Opo. It hit a commercial tricycle and a parked Toyota Camry before ramming into the Ayetoro Market/Complex.

“Three lives were lost, and the bodies have been taken to the morgue at Epe General Hospital. A tow truck is on the ground to evacuate the affected vehicles.

“Traffic has been diverted for smooth vehicular movement”.

Two Judges, Magistrates Lose Job Over Bribery, Illegal Release Of Convict

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Judiciary and Court

By Ayodele Oni

The Kano State Judicial Service Commission, (JSC) has ratified the sack of some Judicial officers, including Judges and Magistrates, over allegation of misconduct.

A statement signed by the spokesperson for the Kano State Judiciary, Baba Jibo-Ibrahim, explained that the disciplinary actions were taken against eight judiciary staff members.

The statement added that “TheJudicial Service Commission, at its 76th meeting held on November 4, considered petitions against the Judiciary Staff and ordered two Court Registrars to go on compulsory retirement.

“Those sanctioned are Magistrates Nasir Ado, Alkali Yusuf Kawu, Sanusi Usman-Atana, and Finance Registrar Salisu Adamu-Nayola. Others are Alkali Abdulmuminu Nuhu, Alkali Abubakar Abdullahi, Court Messenger Shuaibu Bello, and Shamsu Abbas, Court Registrar.”

The statement quoted the Commission  as saying that an investigation by the Judiciary Public Complaints Committee regarding two petitions filed against Nasir Ado revealed that he conducted proceedings without record.

“When asked, he allegedly falsified and tampered with the record to show that there was a record of the proceeding.

“The Commission adopted the recommendation of the JPCC that Mr Ado’s tampering with court records constituted gross misconduct and accordingly recalled him from judicial duties.

“There was a complaint filed against a Sharia Court Judge, Yusuf Kawu, by Association of Fighting Criminals, that he used his judicial position to release a convict who was sentenced to one-year imprisonment by another Judge without option of fine.

“The Commission found the actions of the Judge to be unlawful and his defence untenable. Consequently, he is recalled from Judicial functions indefinitely.”

It said the Commission also issued a warning to Magistrate Sanusi Atana, following two petitions against him, where he was found to have assumed the role of recovery of premises in a criminal trial and granted bail to a suspect before the date slated for ruling without notifying the prosecution.

“The Commission cautioned Atana to desist from exceeding his jurisdictional limit and uphold the principles of fairness.

“The JSC further directed the compulsory retirement of Salisu Adamu Nayola, Finance Registrar of Kiru Sharia Court, following a JPCC investigation that confirmed he accepted bribes to process inheritance entitlements.

“Mr Nayola was accused of collaborating with Alkali Abdulmuminu Nuhu, who has been recalled from judicial duties for two years and placed under the Chief Registrar’s supervision

“The JSC also strongly warned Alkali Abubakar Abdullahi of Takai Sharia Court Kano for handling Sabo Garba Housing Estate, Kabuga, and Dorayi Kwanar Makabarta distribution case outside his jurisdiction. The Commission advised him to strictly adhere to his territorial limits and avoid handling cases outside his jurisdiction.”

The statement added that after an investigation by the JPCC on the petition filed against a court messenger, Shuaibu Bello was found to have engaged in an act of corruption by collecting money above the official amount charged for opening a file.

“The Committee also found him to engage in conduct unbecoming, rude and disrespectful to a court user and deceiving the petitioner into signing a letter of withdrawal of the petition.

“The Commission endorsed the JPCC’s recommendation, suspending Bello for four months without pay.

“The JSC also imposed compulsory retirement on Shamsu Abbas, a court registrar, for releasing a suspect on bail without the case being officially assigned to any court, ordering the suspect to make financial restitution.

“The JSC remains dedicated to ensuring that all judiciary personnel perform their duties within the boundaries of the law and with the utmost respect for judicial processes.”

Farmers’ Group Canvasses For Return Of Cocoa Board

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Cocoa Farmers

By Ayodele Oni

For enhanced production, a plea for the return of Cocoa Board has gone to the federal government.

Cocoa Roundtable Initiative (CORI) saddled with the responsibility of transforming life of Cocoa Farmers in the country,  in an open letter to President Bola Tinubu, called for the provision of subsidized inputs to cocoa farmers to enhance their productivity that will translate into more income for them and revenue for Government at all levels in 2025.

The letter reads “Mr. President, it is interesting to note that the performance of the cocoa sector in the last one year in the generation of FX and top earnings in the non-crude oil sector cannot be taken for granted.

“According to the NBS report your Excellency, the cocoa exports rose by 304 percent in the first quarter (Q1) of 2024 due to higher demand and weak naira. The country’s cocoa exports, which accounted for 42.4 percent of the N1.04 trillion agricultural exports for the period, surged to N438.7 billion in the first quarter of 2024 from N108,6 billion in the corresponding period of 2023.

“And the good prospect of this development in the sector is in the stabilization of the price of cocoa which is not less than 10 million naira per metric tonne in the last one year.”

The letter signed by Adeola Adegoke, DG, Cocoa Roundtable Initiative (CORI) & National President, Cocoa Farmers Association of Nigeria (CFAN) explained that the National Cocoa Management Committee, (NCMC) formed in August 2022 by the past administration was due to pressures mounted by the smallholder cocoa farmers of Nigeria under Cocoa Farmers Association of Nigeria (CFAN).

The formation was as a result of total free market in the cocoa industry without regulation in consideration of the sector’s contribution to the economy of Nigeria.

“Cocoa Roundtable Initiative (CORI) appeals to your Excellency to passionately look into the funding of this critical sector in order not to reverse the present prosperity of our cocoa farmers through EU sanctioning of any unsustainable cocoa place on EU market after 2024 December but now to be extended by another 12 months.

“This EU policy might affect Nigeria cocoa sector if proper regulation, funding and legal framework to support NCMC and NTF operations to combat the industry challenges are not put in place.

“Mr. President should not forget that one of his promises during his campaign was to provide boards for some critical agricultural commodities, which will not be involved in buying, but developing and regulating such sector of which cocoa should takes preference as a leading FX provider and internal revenue generation in the country.

“Your Excellency, we believe the case of cocoa had been settled with the setting-up of the National Cocoa Management Committee (NCMC ), but has been so far hampered in operations in the last two years due to lack of funding to perform her statutory regulatory responsibilities and her legal status to transform into a board through the National Assembly legal backing.

“We urge Mr. President, Governors of the cocoa producing States and lovers of the Nigerian cocoa industry to look into the funding and legal framework support to NCMC through the National Assembly in order to save the industry from regulatory lapses that could undermine the present gains of high price of cocoa beans that is not less than 10million per MT that our cocoa farmers are currently enjoying and Nigeria determination to become the highest cocoa producing country in West Africa before 2027.”