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AGRICULTURE

Naira scarcity: Agric. stakeholders lament impact on secto

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Some agriculture stakeholders have lamented the crippling impact of Naira scarcity on the sector.

The stakeholders spoke with the News Agency of Nigeria (NAN) in separate interviews on Tuesday in Lagos.

Mr Ismail Olawale, a fellow at the National Agriculture Extension and Research Liaison Services (NEARLS), said the scarcity of the Naira have kept local farmers at a disadvantage.

“The average Nigerian farmer resides in the rural areas and about 60 per cent of the rural areas have no bank facilities.

“What is mainly available for them are the PoS centers and other mobile apps that are not actually well regulated. These are not reliable banking systems.

“Sometimes, these PoS operators are mischievous and use the current Naira scarcity to cheat these farmers.

“They make these exchange miserable for these farmers. The situation exposes farmers to counterfeit and fake money. Which makes farmers run at a loss,” Olawale said.

According to him, these farmers are desperate to have cash to transport their produce before they perish, hence falling victim to these unscrupulous mobile money operators.

“There is information out there that transporters are not ready to accept the old Naira notes whereas the new notes are scarce.

“These has grossly affected the movement of farmers and their produce from one point to another, thereby crippling agriculture activities,” he said.

On his part, Mr John Nwabueze, a foodstuffs trader, lamented low sales because of the unavailability of cash flows.

According to him, the naira scarcity has really affected sales of foodstuff, reducing the people come to the market because of the limited cash flow.

“Since the customers do not have cash to buy what they need, they only buy what they can afford.

“Sometimes, they cannot do transfers because the mobile bank apps have been epileptic in their services.

“We cannot release the produces until we confirm the alerts as the trend of fake alerts is on the increase. This restricted cash flow has really slowed down agricultural activities and even the sales.

“Most of the farmers that buy these produces from up north, do not believe in electronic banking. So, therefore, they do not send their goods until they get the physical cash.

“The dearth of customers has been a trend we have observed for a week, and it intensified over the weekend.

“All we ask is that things go back to normal, cash flow should be released, either the old notes or the new notes. Let us just have it available,” Nwabueze said.

Mr Akin Jimoh, a meat seller, said that the scarcity had reduced the profitability of the trade and hindered customers’ access to buying the produce.

“The limited cash flow has really impacted our sales. Presently, we cannot sell without the cash. This is because we have not been able to access all payments made via mobile transfers over the weekend.

“At the abattoirs, they do not believe in transfers, you pay the cash for the meat before you are attended to.

“We need help, this situation has really crippled sales and we do not know how long we can carry on like this,” Jimoh said.

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AGRICULTURE

PAN advocates nationwide replication of Lagos goods discount market

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The Poultry Association of Nigeria (PAN) has called for the widespread adoption of the ‘Ounje Eko’ Lagos Food Discount Market model across the nation, particularly in South West states.

Speaking to journalists on Monday in Lagos, PAN’s National Publicity Secretary, Mr. Godwin Egbebe, emphasised the importance of replicating the successful initiative to ensure broader access to affordable food items.

The ‘Ounje Eko’ scheme, which was launched on March 17, spans across various locations in Lagos, including 27 in Ikeja, six on Lagos Island, nine in Ikorodu, five in Epe, and 10 in Badagry division.

Egbebe commended the Lagos State government for its food subsidy program, which operates exclusively on Sundays, and called on other states to follow suit by implementing similar initiatives to alleviate the burden of food insecurity among citizens.

The endorsement from the Poultry Association of Nigeria underscores the significance of government-led efforts to address food affordability and accessibility challenges, especially in the wake of economic uncertainties.

“As an association we want to express our profound gratitude to the governor of Lagos State, Mr Babajide Sanwo-Olu and his team, especially the commissioner for agriculture for the ‘Ounje Eko’ initiative.

“We have driven round all the food hubs across the local governments where they are situated, and the report is really encouraging,” he said.

He called on other governors across the country to replicate this initiative in their states to douse the tension over food inflation.

“We want, especially the governors in the South West geopolitical zone, to replicate the Ounje Eko template in their states.

“The positive impact of the Ounje Eko initiative is felt by both farmers and the consumers, but would have been better if other states emulated the initiative.

“Other state governments should take up the initiative and start their own food subsidy plans,” Egbebe said.

He also urged the Lagos State government to extend the period of the initiative as more residents of the state were still hungry.

“The initiative was meant to last for a period of three weeks, but an extension will really be beneficial.

“We want this initiative to be extended because the people are really hungry,” he said.

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AGRICULTURE

FG to host agriculture, food summit – Minister

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The Federal Government has announced plans to organise an agriculture and food security summit this year.

The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, disclosed this during a meeting with Dr Donal Brown, Associate Vice-President, International Fund for Agricultural Development (IFAD), on Tuesday in Abuja.

He said the summit aimed to bring together a diverse community of organisational partners and strategic stakeholders representing the public, private and social sectors.

Kyari said stakeholders would be committed  to innovation and new technologies for Inclusive Agri-Food System Transformation and Smallholder farmers’ empowerment.

He commended IFAD for being a formidable force in addressing unprecedented challenges facing the global food system.

“Nigeria is committed to working closely with IFAD on Inclusive Agri-Food System Transformation and Smallholder farmers’ empowerment.

“Also, our commitment to partnership with IFAD on Innovative Finance for Food System is evident in our participation in the United Nations Food System Stocktaking moment in July, 2023,” he said.

He expressed confidence that promoting Inclusive Agri-food system transformation, smallholder farmers’s empowerment and innovative financing was the way to go.

The minister assured IFAD of the federal government’s strong commitment to their multilateral partnership.

Earlier, Brown reiterated IFAD’s continued support to the Federal Government.

He said that Nigeria was one of IFAD’s strongest partners, saying that one of his missions was to strengthen and deepen the partnership.

Brown said that some of the key projects which Nigeria had identified with have had significant impact at improving production.

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AGRICULTURE

Group calls on FG to subsidise farming implements for farmers

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By Aminu Garko, Kano

President of Dawanau International Grains Market, Kano State, Alhaji Muntaka Isa, has called on the Federal Government to provide subsidised farming implements to farmers, to ensure the production of assorted foodstuff  in the country.

Isa made the call while speaking with journalists in Kano on Wednesday.

According to him, the provision of enough and qualitative farm inputs to farmers at subsidised rates would give room for massive production of foodstuff.

He explained that Nigeria is blessed with vast land for farming, but high cost of farming inputs and inadequate utilisation of the vast available land were the major challenges bedeviling the development of agriculture.

“I strongly appeal to the Federal Government to urgently provide adequate and modern farm inputs at subsidised rates to farmers with the aim of ensuring food security.

“We are blessed with vast lands to produce assorted food crops for both local and export consumption but inability of farmers to access farming implements is affecting the growth of production.

“We believe if inputs are subsidised during the farming season it can still bring down the price of food commodities.

“Many farmers cannot access the tractors because they were given to some political farmers.

“Let the government make available modern farming implements to our rural farmers and see how many assorted tones of foodstuffs would be produced,” he said.

He noted that the association had taken bold steps in ensuring that the prices of commodities were slashed, to address the hike in commodity prices.

“The association’s decision to slash the prices was also to boost sales as dealers in the International market had been lamenting low patronage for some time now.

“If you go round the market now, you will notice that the prices of grains such as maize, guinea corn, millet and beans have been reduced compared to what was obtained here about two weeks ago.

“A bag of maize now sells for about N53,000, as against the old price of N60,000, while that of guinea corn now sells for N49,000, as against the former price of N55,000, depending on the quality.

“Also a bag of millet which used to sell for N60,000 now costs N53,000 and that of beans now costs between N85,000 and N90,000, as against the old price of between N95,000 and N100,000, depending on quality,” Muttaka said.

He also disclosed that a bag of soya beans now sells for N65,000 as against N68,000 before, while a bag of sesame seed which used to sell for N225,000 now costs N220,000.

He further said that a big bag of local rice which was hitherto sold for between N110,000 and N115,000 was now being sold for between N95,000 and N100,000 while that of wheat now sells for N60,000 as against N63,000.

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