Tuesday, December 06, 2016

FOR THE RECORD: FG Considers Setting Up Commodity Pricing Board By 2017

The Federal Government says it is considering holding a public debate in order to establish commodity pricing board by 2017.
Daily Trust report continues:
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, disclosed this at a press conference in Abuja on Monday.
Ogbeh, who expressed regret that commodity pricing boards which were established few years ago were no longer functional, said the public debate would help to tackle gaps experienced by the past boards.
He explained that a minimum guaranteed price for crops was necessary to ensure balance for consumers.
“Commodity boards were set up before but somehow, they did not work.
“The debate now is that, do we go back to the commodity boards or not, but we will arrive at something soon.
“We may have to hold a public hearing on this matter. There are those who said that there were abuses.
“Some people were of the view that farmers were cheated, while others said the system worked well because they guaranteed quality control, educated farmers on what to do.
“The views are very strong on either side, we intend to hold a public debate quickly, analyze them what we have and see what is best.
“Give us a little time, maybe, early next year, we will find a solution to that. We have a duty to protect the Nigerian consumers,’’ he said.
FG Won’t Stop Grains Export To Niger, Chad — Ogbeh
Minister of Agriculture and Rural Development, Chief Audu Ogbeh
Daily Trust reports that the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said there is no basis to stop farmers exporting their grains after harvest because that is creating more market for them. 
He, however, assured that government was ready to stock its 33 silos to ensure food security in the country.
Speaking yesterday at the African Economic Conference in Abuja, organized by the African Development Bank, Ogbeh said exporting grains was a welcome development and would not lead to famine, adding “government will not allow that to happen”
The minister reiterated the assurance to allay fears by some stakeholders over unprecedented and continued influx of grains merchants from West, North and Central African countries to buy Nigerian grains. 
Also speaking at a press conference in his office,  Ogbeh said his ministry was already in the market also buying grains at this time that the grains have the appropriate moisture level of 13% for storage, noting that “we know some are also buying and storing hoping that the price will reach the sky and then make profit, but we’re buying.”
He said some northern emirs and chiefs who met with him on Tuesday last week also raised the same anxiety and panic over the massive purchase of grains from many of the grains producing states.  
Chief Ogbeh noted that it was true that for the first time in Nigeria’s history, “we are witnessing extraordinary purchase of grains from the country into West, North and Central Africa”, adding that “we’re even getting demand as far down as Namibia. They are asking for 37,000 metric tonnes of maize.”
Also speaking, the President of AfDB, Akinwumi Adesina, said if the continent wanted to move away from poverty and malnutrition, agriculture must be treated as business.
He said no region of the world has moved to industrialized economic status without passing through the transformation of the agricultural sector.
“The reason is simple; agriculture provides the basic raw materials needed for industrial development. Food accounts for the highest share of consumer price index and providing cheap food is critical for taming inflation,” he said. 

No comments: