Connect with us

News

Naira redesign: Farmers seek FG’s compensation over losses  

Published

on

naira

The All Farmers Association of Nigeria (AFAN) has appealed to the Federal Government to compensate farmers for losses recorded during the implementation of the Central Bank of Nigeria (CBN) naira redesign and cash crunch.

The farmers made the plea in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos while reviewing the impact of the policy on food production and agribusiness.

They said that the compensation became necessary to encourage farmers to return to the farms.

The farmers said the compensation could be inform of grants, inputs, fertiliser and farm implements.

They added that it would enable them to meet the food production target already set for 2023.

Advertisement

Dr Femi Oke, AFAN’s Chairman Lagos and South-West Zone, said a lot of their members were affected during the implementation of the policy, thereby disrupting farming activities.

According to Oke, the cashless policy and naira redesign policy of the Federal Government in February affected farmers seriously.

“From what we have seen and heard so far, the loss recorded during the period is huge and on the high side, especially for our members that are into livestock, poultry and piggery and processors.

“If we are to quantify these losses, it runs into billions of naira that we have lost during this period.

“The poultry farmers were the most affected, it was just like the period of the COVID-19 which we experienced in 2020. We pray never to have a repeat of the COVID-19 again because it was a great loss.

Advertisement

“We also discovered that many farmers could not pay their labourers and this became a huge problem.

“Majority of the farms are situated in the rural areas where their is little or no presence of commercial banks so they had to travel long distance and spend more money in order to buy naira from Point of Sale operators to pay the farm workers,” he said.

Oke said it was a great problem because many of the farm workers rely on daily payment because they don’t have bank accounts.

“Many farmers could also not transport their farm produce such as pepper, vegetable and other perishable items to the market due to lack of cash and patronage from customers.

“The situation led to loss of farm produce right before the eyes of the farmers. It was a sad sight to behold.

Advertisement

“There’s nothing more agonising, discouraging and painful than watching your farm produce and hard work go to waste without any solution,” he noted.

Oke urged the Federal Government to compensate for all these losses caused by the ill-timed policy.

“We want the Federal government to take action by assisting us with grants with interest rate as low as five per cent.

“Giving us grant is one way to solve these mirage of problems affecting food production now,” he added.

Oke urged the CBN to liaise with the Federal Ministry of Agriculture and AFAN on policy formulation and information dissemination to farmers.

Advertisement

“We have said it times without number that the CBN should not be dealing or dictating to farmers directly.

“CBN should work with the Federal Ministry of Agriculture and the umbrella body of farmers, which is AFAN, on issues affecting farmers.

“CBN should desist from dealing directly with them to avoid misinformation and misrepresentation,” he said.

Oke, however, urged farmers not to relent or be discouraged by recent happenings in the economy but to go back to the farms and support government policies to boost food production and self-sufficiency.

“Be rest assured that the incoming government will do a lot for farmers,” he added.

Advertisement

Also speaking, Mrs Adewunmi Malik-Adeola, a livestock and crop farmer, urged the Federal Government and the CBN to engage farmers in future to prevent needless losses recorded during the implementation of the naira redesign policy.

Malik-Adeola noted that there was poor information about the policy in the rural areas where majority of the farmers reside.

She lamented that information on the policy’s modalities, take off and implementation was not available.

She added that concerned stakeholders must be educated on government policies to prevent loss of investment which could lead to sickness or even death.

“We are stakeholders and we need to be carried along whenever a new policy is been introduced.

Advertisement

“One of the reason why the programme failed was due to lack of information and how farmers and the general public can prepare ahead.

“It really destroyed a lot of our farming activities during the period, especially the livestock, our birds and eggs.

“It came as a shock to everyone because this is something we have never experienced in the history of this country.

“The damage had been done, government must look for how to compensate us for all our losses.

Government should release money for us to meetup with demand, we need financial assistance, inputs and grants,” she said.

Advertisement

Mrs Abimbola Francis-Fagoyinbo, Secretary, AFAN in Lagos, described the impact of policy on her business as devastating.

Francis-Fagoyinbo, a cassava processor and packaging farmer, said that a lot of her produce were destroyed due to poor sale.

She urged the government to come up with programmes that would ameliorate the damage in the sector.

“Right now as I speak, some of our farmers in the farm are calling me that the garri they have processed there’s nobody to buy it and the ones they have lost they cannot recover the money.

“There is no sale and transportation; the cashless policy of the Federal Government really affected farmers.

Advertisement

“As a cassava farmer, whether you like it or not, once it is time to harvest your cassava, you must harvest it, you cannot not leave it longer than necessary or else, you will lose it.

We are looking at our market on the ground and we are not selling them and they are going bad because we cannot keep garri for too long,” she lamented.

Francis-Fagoyinbo said that the price of garri had increased due to the naira redesign policy.

“Smallholder farmers rely on the profit they make on their produce and turn it over.

“We also paid a lot to manual workers on our farms, we have to buy money to pay them cash because they don’t accept monetary transfer.

Advertisement

“At the end of the day, everything was a waste, what we paid double for, we could not sell them.

“Right now, the price of garri is going up and not coming down because they have make great losses in the past.

“We were buying money to operate our farms so it has affected us.

“Right now, the Federal Government should come up with a programme that will at least assist the farmers.

“Government should empower us with inputs, chemicals, fertilisers and tools,” she said.

Advertisement

Mrs Latifat Ajani, a fishery and crop farmer, said the policy and its implementatiom should be properly studied before reintroducing it.

“The naira redesign policy affected my business a lot, it was a very serious issue for my family and I.

“There was no business or market during the period and I lost some of my fish in the process because fish cannot stay long.

“I was able to survive through the help of my children, there was no sale, my money was trapped with customers and in the banks.

“It was not a good experience for me because I could not buy feeds to feed the fish, transfer was not going through, everything was a disaster. So, I lost many of my investment in the process.

Advertisement

“Government need to support and compensate us for all our losses,” she said. (NAN)

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Breaking: PANDEF replies Wike, we never took Tinubu to court

Published

on

… Accuses minister of blocking peace efforts in Rivers crisis

The Pan Niger Delta Forum (PANDEF) has debunked claims by Minister of the Federal Capital Territory (FCT) Nyesom Wike, in a recent media chat, alleging that the organisation to court President Bola Tinubu over his position on the Rivers State crisis.

Wike had criticised PANDEF over its stance on the ongoing political crisis in Rivers State. He described PANDEF as “the worst organization anybody can rely on,” accusing its leaders of being financially driven and politically motivated.

But addressing press conference on Friday, Co-Chairman, Board of Trustees of PANDEF and Chairman of the organisation’s Peace, Reconciliation Committee and former Governor of Cross River State, Victor Attah, and its President, Godknows Igali, said the organization had placed embargo on speaking on the issue.

Igali said: “There was no time that PANDEF took Mr President to court, maybe it’s it a slip of the tongue. It never happened. This is the first time that PANDEF as an organization is making a public statement on this situation in the Rivers State since the crisis started. And even when the peace committee started working we placed an embargo that they must not speak to anybody until we arrive at the threshold.

“Yes, there were personal views that were expressed by some members of PANDEF. But there was no time that PANDEF as an organization…there is no press statement. So it is unthinkable to say that PANDEF went to court at all.“

PANDEF also raised concerns over the refusal of the Minister of the Federal Capital Territory (FCT), to engage with its Peace and Reconciliation Committee, despite President Bola Tinubu’s appeal for dialogue to restore stability in Rivers State.

Attah, lamented that Wike’s unwillingness to meet with the committee is obstructing efforts to de-escalate tensions in the state.

Attah detailed how PANDEF, a respected regional body established in 2016 to champion the interests of the Niger Delta, had taken proactive steps to mediate in the political crisis in Rivers State.

Following a Special General Assembly in Port Harcourt in October 2024, the group set up a seven-member High-Level Peace and Reconciliation Committee.

Notably, the committee excluded any representatives from Rivers State to ensure neutrality.

“In a determination to prevent a full-blown crisis from developing, we constituted a team of eminent elders from across the South-South region,” Attah said.

“However, despite repeated attempts, we have been unable to secure a meeting with Chief Nyesom Wike, who has continued to rebuff our peace efforts.”

According to Attah, a PANDEF delegation met with President Tinubu on March 11, 2025, to seek his intervention. The delegation made it clear that the success of any peace process hinged on Wike’s willingness to come to the table.

“We informed Mr. President of the difficulties we have faced in securing the cooperation of his cabinet minister,” Attah explained.

“It is deeply troubling that Chief Wike has dismissed PANDEF as ‘the worst organization for anyone to rely on’ in a recent media chat, yet the President did not treat us with such disregard when he received us.”

Attah stressed that dialogue requires mutual engagement and cannot be forced upon one party alone.

“It is not possible to clap with one hand. Negotiation can only take place if both parties in dispute agree to be accessible and available,” he said.

Given Wike’s continued rebuff, PANDEF is now considering withdrawing entirely from mediation efforts.

“If this impasse persists, we will have no choice but to disband the Peace and Reconciliation Committee and step back from any further attempts to resolve this crisis,” Attah warned. “However, our fear is that this could have catastrophic consequences.”

PANDEF urged President Tinubu to intervene and ensure Wike comes to the negotiation table before the situation in Rivers State spirals further out of control.

PANDEF’s National President, Igali described the FCT minister’s insinuation that they were financially induced as very cheeky. “That is very cheeky. Because I’ve said earlier, when you have a group made up of former governors, former ministers, chairman of traditional religious councils, some of whom have been themselves former governors and former ministers, It’s just totally out of question. Wike himself, is our son. Every son of Niger Delta is part of PANDEF.”

Igali also recalled on the organization has stood by Wike including when they were protest against his nomination as minister, and it was the late Elder Statesman, Edwin Clark, whom they accused Wike of disparaging him and his memory, that issues a statement in his defence.

“Let me tell you, when the minister became minister, and you will recall, in fact, there were some insinuations that somebody from the south, should not be minister of FCT, and there were even demonstrations in Abuja against the honorable minister of the FCT. It was the same PANDEF that came out to rebuffed the Nigerians, and the same chief Clark that he (Wike) waved at that issued a statement and said that every Nigerian can hold any position if the president finds him worthy and the Senate clears him.

“That press statement is there we can pull it out. After that, Wike the minister of the Federal Capital City, our son, received the delegation from PANDEF, in his office in appreciation, of his people standing by him. So if after some time, he now feels that it is a worse organization, well, maybe times have change.”

 

Details later…

Continue Reading

News

Couple arrested for gun running in Delta, wife confesses to helping hubby dispatch firearms

Published

on

Police

A couple, Mr. and Mrs. Joshua Bogbon Godwell, have been arrested by operatives of the Delta CP Special Assignment Team (CP-SAT) for alleged gun running in the state.

The couple was picked up from their home following a sting operation by police detective on March 9, 2025.

State Police Public Relations Officer, SP. Edafe Bright, who confirmed this in a statement on Thursday, said that they were held following a credible intelligence on them at their residence in Okpe local government area of the state.

Mrs. Uche Joshua, the wife, was said to have admitted to helping her husband dispatch guns to clients in Warri and Sapele.

The police said it recovered a fabricated Beretta pistol with a single live ammunition, which was planned to be delivered to a client in Sapele from their residence.

During interrogation, Mrs. Joshua confessed to her involvement in the gun-running business, saying, “I helped my husband dispatch guns to clients in Warri and Sapele. I was the one who delivered the guns to the clients.”

Edale said that police are still investigating the couple and their associates, with efforts to recover more firearms and arrest other suspects.

Equally, on February 3, 2025, operatives arrested a suspected cultist and gun runner, Stephen Oma Odu, who has been on wanted list from Obagho community in Warri North LGA Delta State at Sapele town.

His arrest also led to the arrest of another 42 years old suspected cultist, Abel Festus, aka “TOMPOLO.” of Oghareki community in Ethiope West LGA, at Oghara town.

Two pump action guns and 24 rounds of live cartridges were recovered from Festus’ apartment.

“Two other suspected cultists were also arrested during the raid including Godspower Moses m” aka power of Kokori community in Ethiope West LGA Delta State and Oloriode Owebe m” 24 years of Oghareki community in Ethiope West LGA Delta State”, Edafe added.

Police says preliminary investigations revealed that they were suspected members of the Vikings’ confraternity.

Additionally, CP-SAT arrested 26 years old Oboyo, a notorious cultist and suspected kidnapper from Igbopa community in Ethiope West LGA, and recovered a locally made gun with a single cartridge.

According to Edafe, an “FBI” impersonated enlargement carrying his picture was also recovered, which he used for internet fraud.

“Other members of his gang which include Favor omowo “m” 29yrs aka “Voltage” of Jesse town in Ethiope West LGA Delta State and Gift Omowo “26yrs of Jesse community in Ethiope West LGA Delta State were also arrested.

“Trailing of his other fleeing gang members is on course while investigation is ongoing”, the statement added.

Continue Reading

News

Nigeria lost ₦120 billion to Illegal charter operations –Keyamo

Published

on

Keyamo

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed how illegal private charter operations plagued the country’s aviation sector for over five decades and cost the federal government an estimated ₦120 billion in lost revenue over the past 10 years.

The minister made the revelation during fourth edition of the Federal Ministry of Information and National Orientation’s Ministerial Press Briefing in Abuja on Thursday. Keyamo described the issue as a “hydra-headed monster,” revealing that 80% of private jet owners in Nigeria have the habit of obtaining Private Non-Commercial Flight (PNCF) licenses but use their aircraft for commercial operations daily.

He said the PNCF license is intended for private use, such as transporting family members or attending social or business events and that it attracts a significantly lower fees compared to licenses for commercial charter operations, which require higher fees and stricter regulations. The minister explained that private jet owners exploit this loophole to avoid paying fees and taxes for commercial purposes. He said for instance, while a commercial charter operator might charge $10,000 for a flight from Lagos to Calabar and pay the required fees, private jet owners with PNCF licenses conduct similar operations without remitting the necessary revenue to the government.

Keymao said that in the past 10 years, Nigeria lost approximately ₦120 billion due to unremitted fees and taxes from illegal charter operations. “They go and obtain the PNCF license, the private one, but all of them are back every day for business. All of them. This is how the federal government has been losing revenue,” he said.

Keyamo said private jets which operate without proper documentation or passenger manifests, makes it difficult to track who or what is on board. He raised concerns that these jets could be used for illegal activities, including smuggling, money laundering, and even terrorism. “You don’t even have the manifest of those inside the aircraft. Sometimes, when there’s a near accident with a private jet, we struggle to find out who was inside. It’s totally unregulated.”

To address the issue, Keyamo established a task force last year headed by the Managing Director of Aero Contractors, Captain Ado Sanusi to investigate illegal charter operations. The task force submitted its report last week, saying they uncovered “mind-boggling” findings. Among the recommendations the task force made is the total shutdown of the private charter wing at airports for a complete overhaul.

“The task force suggested shutting down the private charter wing for total reconfiguration in terms of security and the kind of machines we use to screen bags. We are still looking into how to implement these recommendations without disrupting passenger movement,” Keyamo said.

 

Daily Sun

Continue Reading

Trending

Copyright © 2025 Naija Gatekeeper News