News
Nigeria spends $1.41bn on food imports in eight months

The foreign exchange used for the importation of food products into Nigeria from January to August this year rose to $1.41bn despite the directive that the Central Bank of Nigeria should stop issuing forex for food and fertiliser imports.
Forex supply for food imports in the eight-month period rose by 35.28 per cent from $1.04bn in the same period last year.
The President, Major General Muhammadu Buhari (retd.), had in September 2020 given a directive to the CBN at a meeting of the National Food Security Council at the Presidential Villa, Abuja, saying that firms that were bent on importing food should source their forex elsewhere.
“Nobody importing food should be given money,” he was quoted as saying in a statement from the Senior Special Assistant to the President on Media and Publicity, Garba Shehu.
The forex used for food products imports, however, rose from $163.6m in January 2021 to $197.73m in February but fell to $171.05m in March and $156.3m in April, according to the CBN data on sectoral utilisation for transactions valid for forex.
The amount of forex used for the importation of food products into the country surged to $213.58m in June from $135.76m in May.
It fell to $184.69m in July but rose again to $188.88m in August, the CBN data show.
Amid the economic fallout of the COVID-19 pandemic, forex supply for food imports fell by 9.22 per cent last year to $1.87bn from $2.06bn in 2019, accounting for about 6.57 per cent of the $28.46bn utilised for imports.
The COVID-19-induced slump in crude oil prices in 2020 hammered government finances and the naira, causing dollar shortages, with the external reserves falling to as low as $33.43bn on April 29, 2020.
The apex bank, in June 2015, excluded importers of 41 goods and services, including some food products, from accessing forex at the country’s forex markets in a bid to conserve the external reserves as well as encourage local production of those items.
Following the forex restriction, the amount of foreign currency used for imports in the country plunged to $24.72bn in 2015 from $34.20bn in 2014. It further fell to $17.15bn in 2016 and $15.16bn in 2017 but rose to $15.87bn last year.
The forex utilised for food imports also dropped to $3.42bn in 2015 from $5.03bn in 2014. It dipped further to $1.79bn in 2016 and $1.51bn in 2017 but increased to $2.31bn in 2018.
The Monetary Policy Committee said last month that between September and October 2021, under the Anchor Borrowers’ Programme, the CBN disbursed N43.19bn to support the cultivation of over 250,000 hectares of maize, sorghum, soya beans and rice during the 2021 dry season.
It said N5.88bn was disbursed to finance six large-scale agricultural projects under the Commercial Agriculture Credit Scheme.
The MPC said, “Cumulatively, the bank has disbursed the total sum of N864bn to 4.1 million farmers, cultivating 5.02 million hectares. The bank also disbursed the sum of N41.2bn for the commencement of the brown revolution, a large-scale wheat program to wean us off imports by 35 per cent in the first year.
“The continued security challenge across the country remained a major source of concern for Members, noting its impact on business confidence, foreign investment inflows and overall economic activities. The persistence of insecurity in major food-producing areas remained a key downside risk to the recovery.”
The committee said with improved security, especially in the food-producing areas, food inflation would drop significantly following successful harvests and distribution.
PUNCH.
News
Mbah Reassures Nigerians on Enugu Air Safety After Runway Excursion
Governor Peter Mbah of Enugu State has reassured the public that safety remains the overriding priority of Enugu Air following Thursday’s runway excursion involving one of the airline’s aircraft at Benin Airport.
Reacting to the incident for the first time in a statement personally signed on Friday, the governor expressed sympathy with the passengers and crew members on board the aircraft, while thanking God that no lives were lost and no injuries were recorded.
The Embraer E170 aircraft, operating as Flight 4264 from Lagos to Benin, experienced a runway excursion after landing at Benin Airport on Thursday.
Mbah said the state government was closely monitoring the situation and pledged full cooperation with aviation authorities investigating the incident.
“The Enugu State Government is aware of the incident of a runway excursion affecting Enugu Air, Embraer E170, Flight 4264, operating into Benin Airport from Lagos on Thursday, July 23, 2026.
“The government empathises with the 63 passengers and five crew members on board the aircraft over the traumatic experience and is thankful to God that no life was lost and no injuries have so far been reported,” the governor said.
He commended the Nigerian Safety Investigation Bureau (NSIB) for swiftly launching an investigation to determine the circumstances surrounding the incident, assuring that Enugu Air would cooperate fully with investigators and relevant regulatory agencies.
“The government commends the swiftness of the Nigerian Safety Investigation Bureau (NSIB) in embarking on the ongoing investigation to determine the circumstances and factors that may have led to the incident. The government will ensure the full cooperation of its going concern, Enugu Air, with the investigation and regulatory authorities,” Mbah stated.
While urging the public to await the outcome of the investigation, the governor maintained that the airline operates under stringent safety protocols that place passenger welfare above commercial interests.
“While the outcome of the investigation is awaited, the government assures the public that the operations of Enugu Air are guided by the highest safety standards. The airline is founded on a corporate culture that places safety above profit and schedule, and its quality assurance and quality control systems stipulate a safety threshold that is considerably higher than the industry benchmark,” he said.
Mbah said the airline’s uncompromising safety culture had contributed significantly to the growing confidence and patronage it had enjoyed since commencing operations.
“This accounts for the growing confidence and patronage the airline has continued to enjoy from both passengers and industry stakeholders. Enugu Air will therefore continue to serve its teeming customers and abide by its utmost commitment to safety, professionalism, and a sense of hospitality,” he added.
The governor also expressed appreciation to Nigerians for the widespread support and goodwill shown to the airline in the aftermath of the incident, noting that many passengers had continued to share positive experiences about flying with Enugu Air.
“We wish to express our profound gratitude to Nigerians for the outpouring of solidarity since the unfortunate incident. Quite uncommonly, Nigerians have continued to share their positive experiences with Enugu Air since it was launched a year ago. This matters so much to us as a government at this time,” Mbah said.
The runway excursion involving the state-owned carrier has drawn national attention. However, with all 63 passengers and five crew members safely evacuated, attention has now shifted to the outcome of the ongoing investigation by aviation authorities.
News
Your votes will count in 2027, INEC chair assures Nigerians
Amupitan gave the assurance during a courtesy visit to former Head of State and Chairman of the National Peace Committee, General Abdulsalam Abubakar (retd.), at his residence in Minna, Niger State, on Friday.
The commission’s chairman led a delegation comprising National Commissioners, the Secretary to the Commission, directors and his technical aides.
Amupitan described Abubakar as “the father of democracy in Nigeria”, noting that his transition to civilian rule in 1999 marked a defining moment in the country’s democratic history.
The INEC chairman said the commission regarded the former Head of State “not merely as a statesman but as a pillar of support for INEC.”
He also commended Abubakar’s role as Chairman of the National Peace Committee, describing its Peace Accord initiative as “a moralising influence on Nigeria’s political ecosystem.”
According to INEC, Amupitan said the initiative had provided political actors with a platform to commit to non-violence, thereby strengthening “the sovereignty of the will of the Nigerian people.”
The INEC chairman told Abubakar that, regardless of the pressures confronting the commission, it remained committed to ensuring that the will of Nigerians as expressed at the polls would prevail.
He said, “The Commission’s determination under my leadership was to see ordinary Nigerians go out and vote, confident that their votes would be duly counted and reflected in the outcome of elections,” describing this as “the core assurance INEC owed the electorate.”
Amupitan also formally confirmed the dates for the 2027 general elections.
According to INEC, the Presidential and National Assembly elections will hold on January 16, 2027, while the Governorship and State Houses of Assembly elections will take place on February 6, 2027.
Abubakar, in turn, called on Nigerians to support INEC ahead of the 2027 general elections.
News
President Tinubu Approves Expansion Of Nigerian Army To 12 Divisions
President Bola Ahmed Tinubu, GCFR, Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, has approved the expansion of the Nigerian Army’s structure from eight to twelve divisions—a landmark move to enhance the country’s security architecture and improve the operational effectiveness of the Nigerian Army.
In a statement, Special Adviser to the President on (Information & Strategy) Bayo Onanuga says, “this approval underscores the President’s unwavering commitment to equipping the Armed Forces to address Nigeria’s evolving security challenges effectively and to strengthen national defence capabilities further.”According to the statement, “the expansion builds on the Administration’s sustained investments in the Armed Forces, including approval for the recruitment of 28,000 additional personnel, acquisition of critical military platforms and equipment, improvements in troop welfare, and ongoing support for operational readiness and force modernisation.”Under the new structure, the Nigerian Army will operate twelve divisions, strategically positioned across the country as follows:1. 1 Division Headquarters – Kaduna (Kaduna, Kano, Katsina and Jigawa States)2. 2 Division Headquarters – Ibadan (Oyo, Osun, Ekiti and Ondo States)3. 3 Division Headquarters – Jos (Plateau, Bauchi and Gombe States)4. 5 Division Headquarters – Makurdi (Benue, Nasarawa and Kogi States)5. 6 Division Headquarters – Port Harcourt (Rivers, Akwa Ibom and Cross River States)6. 7 Division Headquarters – Maiduguri (Borno and Yobe States)7. 8 Division Headquarters – Sokoto (Sokoto, Kebbi and Zamfara States)8. 9 Division Headquarters – Ilorin (Kwara and Niger States)9. 10 Division Headquarters – Jalingo (Taraba and Adamawa States)10. 81 Division Headquarters – Lagos (Lagos and Ogun States)11. 82 Division Headquarters – Enugu (Enugu, Anambra, Abia, Ebonyi and Imo States)12. 83 Division Headquarters – Benin City (Edo, Delta and Bayelsa States).The establishment of the new Divisions in Makurdi, Ilorin, Jalingo and Benin City will significantly improve command and control, decentralise operational decision-making, strengthen border security, enhance the protection of critical national infrastructure, improve counter-insurgency and internal security operations, and ensure faster military response to emerging threats nationwide.Implementation of the new force structure will be done in two phases.
News
NUF urges FG to direct NNPCL to supply Dangote Refinery adequate crude
The Ndigbo Unity Forum (NUF) worldwide, a pan-Igbo socioeconomic pressure group, has urged the Federal Government to direct the Nigeria National Petroleum Corporation Limited (NNPCL) to supply Dangote Petroleum Refinery adequate crude.
The Chairman of NUF, Chief Augustine Chukwudum, made the call on Wednesday in Enugu while reacting to Dangote Petroleum Refinery’s move to start direct sales of refined Petroleum products in dollars.
It would be recalled that a top management official of the Dangote Group said that its refinery was receiving just four million barrels of crude oil monthly under the arrangement, instead of about 13 million barrels envisaged after President Bola Tinubu’s 2024 directive.
The refinery had attributed its decision to switch from naira-denominated fuel sales domestically to dollar transactions to the crude supply shortfall, saying it would also increase exports of refined petroleum products to earn foreign exchange.
Chukwudum called on the Federal Government to intervene urgently before things get out of hand and Nigerians suffer the more.
According to him, fuel price remains major determinant of prices of other commodities and services in the country as transport cost depends on.
“Things are bound to get worst if the Federal Government neglect to take immediate and decisive actions meant to better the life of the citizens.
“NUF is rasing this alarm because this administration is behaving as if they are not answerable to the people their are supposed to be serving.
“The Federal Government should direct NNPCL to supply all the crude oil needed by Dangote Refinery since the company has the capacity to meet local or domestic petroleum needs of the country.
“The government must stop all forms of fuel importation because that money been used for importation is a waste and put a pressure on our fragile foreign reserve as a nation,” he said.
The NUF boss noted that the refinery company must be allowed to pay in naira with this move, suffering of citizens would be curtailed.
Chukwudum also reiterated the call of the group for the Federal Government to set up judicial panel of inquiry to look into the account of NNPCL for some years now.
News
Anambra: Fight Erupts at INEC Office Over Alleged ₦2,000 PVC Processing Fee
A commotion reportedly erupted at the Independent National Electoral Commission (INEC) office in Onitsha South Local Government Area of Anambra State after some officials were accused of demanding ₦2,000 from applicants before processing voter registration and Permanent Voter Cards (PVCs).
The allegation surfaced in a video circulating on social media, which showed what appeared to be a heated confrontation between applicants and officials at the electoral commission’s office.
According to a resident who narrated the incident in the video, some INEC officials allegedly insisted that applicants pay ₦2,000 before their voter registration or PVC processing could be completed.
The situation reportedly escalated when one of the applicants challenged the alleged demand, insisting that voter registration and PVC-related services are free and should not attract any payment.
The applicant was said to have confronted the officials and attempted to record the exchange with a mobile phone, triggering a heated argument that attracted other applicants and bystanders.
Although raised voices and a commotion could be heard in the footage, the circumstances surrounding the incident could not be independently verified.
The video has since sparked reactions on social media, with many Nigerians condemning the alleged extortion and calling on INEC to investigate the incident and sanction anyone found culpable.
INEC has consistently maintained that voter registration services are free of charge. These include fresh registration, collection of PVCs, transfer of voter information, correction of personal details, and replacement of lost or damaged PVCs.
The commission has also repeatedly urged members of the public to report any cases of extortion, bribery or illegal charges involving its permanent or ad hoc staff during voter registration and PVC distribution.
As of the time of filing this report, INEC had not issued an official statement specifically addressing the allegations involving its Onitsha South Local Government Area office.
The incident comes as the electoral commission continues its nationwide Continuous Voter Registration (CVR) exercise ahead of the 2027 general elections.
INEC has also introduced an online self-service platform to enable prospective voters and existing registrants to complete several registration-related processes conveniently, while reiterating that voter registration services remain free of charge.
-
Crime4 days agoFake Doctor Arrested Over Alleged ₦500,000 Job Scam
-
News4 days agoAnambra: Fight Erupts at INEC Office Over Alleged ₦2,000 PVC Processing Fee
-
Crime5 days agoFake University Operating in 3-Bedroom Apartment Uncovered in Lagos, 106 Students Rescued
-
Crime4 days agoGunmen kill vigilante commander, three women in Rivers
-
Crime5 days ago“I Didn’t Resign”: Defence Minister Denies Quitting, Threatens Legal Action
-
News4 days agoNUF urges FG to direct NNPCL to supply Dangote Refinery adequate crude
-
News3 days agoPresident Tinubu Approves Expansion Of Nigerian Army To 12 Divisions
-
Crime3 days agoTension As Gunmen Plot to Establish Camps in Awka Capital

