Connect with us

Published

on

Senator Tokunbo Abiru Distributes FG’s Fertilizers To 1200 Lagos East Farmers, Commends President Tinubu’s Programmes On Food Security—-Over 1,200 local farmers across Lagos East Senatorial District received fertilizers provided by the administration of President Bola Ahmed Tinubu, GCFR, to boost food production and security in Nigeria.

The Renewed Hope Agenda on food security programme of the Federal Government is aimed at reducing the rising cost of food, and to boost local food production capacity of the nation.

Senator Tokunbo Abiru, who was represented by the former Honourable Member, Lagos State House of Assembly, Hon. (Mrs) Adebimpe Akinsola, at the distribution exercise in Ikorodu on Tuesday, commended the laudable programme, stressing that the administration of President Bola Ahmed Tinubu was working assiduously to reduce hunger and hardship in the country.

He added that the intervention from the President, will complement other supports that Senator Abiru had facilitated to farmers in the district, like the distribution of farms inputs containing fertilizers, seedlings, and herbicides to over 300 crop farmers, and the provision of fully vaccinated chickens, feeds, and cages for over 100 livestock farmers in the Senatorial District.

Dr Hakeem Adetugbobo, the coordinator of Agric-related empowerment for Senator Abiru, also eulogised President Tinubu for the tremendous support he has been providing to farmers in Nigeria. He expressed optimism that the food insecurity will be addressed with the number of interventions in the sector under President Tinubu.

Waheed Olaide Kareem, from Lekki LCDA, who was one of the beneficiaries, expressed profound appreciation to the President for the food security programme, and also lauded the exemplary leadership of Senator Abiru.

An executive member of All Farmers Association of Nigeria, AFAN, in Eredo LCDA , Mrs Folake Olaide, confirmed that members of the Association who got similar support from Senator Abiru are doing well in their farming business.

Prominent stakeholders in the agricultural sector and political leaders who graced the occasion included: Executive Chairman, Ikorodu West LCDA, Hon. Kazeem Sulaimon, Prince Jamiu Adio Saka, Arc. Taiwo Akintunde Kara, Alhaji Musibau Gafar, Hon. Olasunkanmi Tijani Jimoh, Hon. Ajetumobi Olawunmi Rasaq,  Dr. Hakeem Adetugbobo, Alhaji Rilwan Ishola Jinadu, Alhaji Sulaimon Musiliu Adewale (Ola-4), Hon. Matthew Adesanya and South West Chairman, All Farmers Association of Nigeria (AFAN), Otunba (Dr.) Femi Oke, among others.

*Enitan Olukotun*

*Media Aide to Senator Tokunbo Abiru*

*Tuesday, 3 September, 2024*

*Lagos, Nigeria*

0Shares
Continue Reading
Click to comment

Leave a Reply

News

Again, CBN Speaks On Deadline For Old ₦200, ₦500, And ₦1,000 Naira Notes

Published

on

Naira Notes

Again, CBN Speaks On Deadline For Old ₦200, ₦500, And ₦1,000 Naira Notes—-The Central Bank of Nigeria (CBN) has officially refuted rumours suggesting that old Naira notes will cease to be legal tender by December 31, 2024.

In a decisive statement issued by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, the CBN declared these claims baseless and misleading, designed to disrupt the nation’s payment systems.

Amidst circulating rumours about the discontinuation of old denominations of ₦200, ₦500, and ₦1,000 banknotes, the CBN has clarified that there is no deadline set for phasing out these notes.

The announcement comes as a relief to many who had been concerned about the potential invalidity of their cash holdings.

“The order of the Supreme Court on November 29, 2023, which extends the use of old banknotes indefinitely, remains in force,” the CBN’s statement emphasized.

This directive ensures that both old and redesigned versions of the Naira will continue to coexist as legal tender across Nigeria.

Mrs. Ali also instructed all CBN branches to keep issuing and accepting both the old and the newly designed Naira notes, reassuring the public of the banknotes’ validity.

She encouraged Nigerians to dismiss any rumours about deadlines for old notes and to remain informed through official CBN communications.

CBN’s stand comes after the House of Representatives asked the apex bank to withdraw old currency notes and increase the issuance of new naira notes.

0Shares
Continue Reading

Economy

Naira Appreciates Against Dollar In Parallel Market

Published

on

Naira

Naira Appreciates Against Dollar In Parallel Market—-The Nigerian Naira saw mixed fortunes in the foreign exchange markets yesterday, appreciating in the parallel market but experiencing depreciation in the Nigerian Autonomous Foreign Exchange Market (NAFEM).

In the parallel market, the Naira appreciated to N1,715 per dollar, up from N1,725 per dollar recorded last weekend, reflecting a slight gain for the local currency.

However, in the NAFEM, the Naira depreciated to N1,603.16 per dollar from N1,600.78 per dollar last Friday, marking a N2.38 decline. Data from FMDQ showed this drop as indicative of the pressure on the official exchange rate.

On a positive note, dollar trading volume in the official market grew by 2.4%, with $359.22 million traded, up from $350.72 million last weekend.

As a result of these market shifts, the gap between the parallel market and NAFEM rates narrowed to N111.84 per dollar from N124.22 per dollar recorded last Friday. The exchange rate dynamics continue to reflect market volatility amid ongoing economic adjustments.

0Shares
Continue Reading

Trending

0Shares