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Buhari To Subsidise Farming With N12.3bn

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Buhari To Subsidise Farming With N12.3bn

Over 2.2 million farmers are to receive about N12.3 billion as agricultural subsidy from the Federal Government in the coming weeks.

Presidency officials confirmed that President Muhammadu Buhari had already approved N6.15 billion agricultural subsidy for the first batch of 1.2 million farmers.

The Senior Special Assistant to the President on Agriculture, Andrew Kwasari, revealed that the Nigeria Inter-Bank Settlement System (NIBS) had validated the first batch of beneficiaries.

He said the 1.2 farmers would start getting their alerts soon, adding that another batch of over one million beneficiaries would also receive about N6.15bn agricultural subsidy.

Kwasari said, “The President has approved subsidies for 1.2 million farmers in Batch A and the NIBSS has validated their bank accounts and BVN (Bank Verification Numbers) as farmers.

“We have another batch of over one million and NIPSS has also validated their details and it will be sent to Mr President for approval.

“NIBSS validates every BVN tied to any account and can tell you the owner of such accounts in this country.”

When asked the total amount of subsidy to be given to farmers, he stated that the funds would come in batches of about N6.15bn each.

He further noted that the Office of the Accountant-General of the Federation and the NIBSS had received the details of those to benefit from the subsidy scheme.

Kwasari said, “The first batch is N6.15bn and we are preparing Batch B and it may be up to that amount also.

“The file has moved from my office right now and it is with the Accountant-General of the Federation and NIBSS for payment.”

Kwasari further insisted that the Federal Government had captured over six million farmers across the country, stressing that the data of these operators were in his office.

“We’ve captured over six million and very soon, we will be giving direct subsidies to these registered farmers,” he stated.

The presidential aide urged farmers to deploy the funds judiciously for agricultural purposes when they start receiving the subsidies and pointed out that the government would monitor the activities.

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Daily Headline News (Wednesday, 22-9-2021)

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VAT In Nigeria: Elders Says Northern Region Can Survive Without South

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VAT In Nigeria: Elders Say Northern Region Can Survive Without South

Value Added Tax (VAT) in Nigeria controversy appears to have taken a new turn, as Northern Elders Forum (NEF) said the country’s region could survive without money from the southern part.

Dr Hakeem Baba-Ahmed, NEF Director of Publicity and Advocacy, made this known during an interview on Arise TV’s ‘The Morning Show’ breakfast programme, as he reacted to the issue some states were having with the federal government on VAT in Nigeria.

His words: “I will advise that we wait to hear what the court says. However, even the fact that it has become an issue suggests that we really do need to address the fundamentals and the manner in which the federation works.

“We have always supported restructuring. We have always asked that a major and genuine shift initiative either by groups or the National Assembly so that matters like this be addressed properly.

“If we don’t do that now, then we should get a leader that would do that in 2023. This administration appears not to understand the importance of restructuring; we do in the north, we recognise the fact that we need to change the manner in which we generate wealth and allocate (it).

“The thing about is: the north wants restructuring; the north wants fiscal federalism. We are a rich region and we can live on what we have, even if we don’t have the billions that accrue to others states. Our poverty is not a kind of problem that we would break this country over.”

Maintaining that the VAT in Nigeria tussle is a wake-up call to northern governors, Bala-Ahmed charged them to develop sustainable resources and encourage human capital development in the region.

The NEF spokesman continued, “North, you said you have many people but you are under-developing your own people – the biggest liability of the north is that we have a huge population that is under-developed. You need to develop the human capital that you have.

“We need leaders, the current governors don’t recognise this. Otherwise, they won’t be involved in this argument; allow the court to decide.”

“But for goodness sake, (they should) begin to think — what else can we do if the court decides now that Rivers State is right, Lagos State is right, and they won’t be getting all these billions coming in from VAT? What happens?” he queried.

Recent events about VAT in Nigeria

Recently, Governor Nyesom Wike of Rivers dragged the federal government to court over the allocation of revenue generated from VAT in Nigeria.

Wike argued that his government should be the legitimate collector of the tax type and not the Federal Inland Revenue Service (FIRS), as the case is.

Surprisingly to members of the public, Governor Babajide Sanwo-Olu of Lagos joined in the suit against the federal government. In fact, days after Justice Stephem Pam of a Federal High Court sitting in Port Harcourt ruled that Rivers State government had the powers to collect VAT within its territory, Sanwo-Olu signed the controversial VAT bill into law.

In a previous report, Newsrand detailed everything about VAT.

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Buhari To Present Nigeria’s Statement At The UN General Assembly, As Second Speaker On Friday

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Buhari To Present Nigeria’s Statement At The UN General Assembly, As Second Speaker On Friday

President Muhammadu Buhari who arrived in New York on Sunday, to participate in the ongoing 76th Session of the UN General Assembly, is to present Nigeria’s statement to the General Assembly on Friday, Sept. 24.

The Nigerian leader would be the second speaker on the fourth day and would deliver his address around 9 a.m. (around 2 p.m. Nigerian time) to other world leaders at the morning session.

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He had earlier attended the opening of the General Debate of the 76th session of the General Assembly.

Buhari was accompanied by the Minister of Foreign Affairs, Geoffrey Onyeama, Permanent Representative of Nigeria to the UN, Prof. Tijjani Muhammad-Bande, and Head of Chancery of the Permanent Mission, Muyiwa Onifade.

No fewer than 100 heads of state attended the General Debate in person in New York, while others spoke through pre-recorded videos, the UN correspondent of the News Agency of Nigeria reports.

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