Connect with us


BIG STORY

Pastoral Crisis: 11 States Embrace Federal Government Ranching Plan As Killings Surge

Published

on

Eleven states are taking steps to commence ranching as a way to address the age-long violent clashes between herders and farmers, which have claimed several lives.

While some states have allocated lands for ranching, many others have pledged lands, and a few are developing policies that will guide the initiative as a viable business venture.

The states ready to commence ranching are Lagos, Plateau, Ondo, Zamfara, Bauchi, Delta, Niger, Kano, Jigawa, Nasarawa and Anambra.

The development comes against the surge in killings in Benue and Plateau communities linked to armed herders.

Last week, over 200 persons were murdered in Yelewata, Benue State, by armed assailants.

President Bola Tinubu attributed the incident to land-grabbing and vowed to go after the perpetrators.

He also established a committee of elders, comprising former governors and two prominent traditional rulers in the state, to promote peace in the state.

He directed the Inspector-General of Police, Kayode Egbetokun, and the Chief of Defence Staff, Gen Christopher Musa, to immediately arrest the alleged killer herders.

The Permanent Secretary at the Lagos State Ministry of Agriculture and Food Systems, Emmanuel Audu, said the state had been developing its ranching system and was open to collaboration with the Federal Government and other interested stakeholders.

“That (collaboration with FG) is open for discussion,” he said. “We are already developing our own ranch. We are already implementing the project, and we are at the development stage. We have the land and we are putting infrastructure (in place), and we are going to allot to private sector organisations which can start a cattle ranch.”

The project has already started over three years ago, so we are already working on that ranching system. If there is a need for any collaboration, yes, we welcome it.”

He noted that the state had a law that prohibited open grazing in Lagos.

“We have an anti-open grazing law, we don’t support open grazing. We have a law already passed that bans open grazing, so it’s an offence to have cattle moving in the state.”

Some Lagos residents also rejected open grazing, maintaining that ranching was the way to go.

Emmanuel Sanusi, who lives in Surulere, told The Punch, “Ranching is better because it is more sustainable, secure, and economically productive. Unlike open grazing, which often leads to conflicts between herders and farmers and even pedestrians, ranching confines livestock to a controlled environment, reducing clashes and improving community safety.”

Another resident and political activist, Ayoyinka Oni, said, “I do not support open grazing in any state, especially Lagos. If cattle owners want open grazing, they should buy a large portion of land that has enough grass that can feed their cows forever.”

Another resident in the Ifako Ijaiye area of Lagos, Adebayo Adedeji, added, “I feel neither open grazing nor ranching is feasible in Lagos due to how the state is structured as the hub of commercial activities.”

The Anambra State Commissioner for Information, Dr Law Mefor, expressed the state’s disposition to ranching, saying Governor Chukwuma Soludo was working closely with the FG on the issue.

He said, “There is an anti-open grazing law in Anambra State enacted during the past administration of Willie Obiano. It hasn’t been repealed and therefore, is still in force. The law presupposes the state’s disposition to control cattle grazing, including ranching.

“Don’t forget, Soludo is a member of President Bola Tinubu’s economic team. So, you can count on Anambra State to contribute land for ranching once other states start doing so.”

Giving an insight into the Anambra State open grazing law enacted in 2021, the commissioner said it aimed at regulating livestock movement, as well as promote ranching within the state.

But some residents kicked against the planned ranching in the state, insisting that such a move aimed to promote the personal business of some sections of the country.

Speaking on the development, a rights activist and lawyer, Dr Okey Ifeanyi, said, “What we are talking here is a personal business and therefore, asking states to contribute lands for ranching is a move aimed at promoting the personal businesses of some people.”

An Onitsha resident, Chief Osita Odinaka, stated, “Although ranching is far better than open grazing, but then, since it’s a personal business, I feel it is a wrong move for the Federal Government to ask states to donate lands for ranching.”

The Ondo State Government said even though it had not entered into partnership with the FG on ranching, it had been running ranches in the state.

Senior Special Assistant to Governor Lucky Aiyedatiwa on Agri-business, Akinsola Wemimo, said the FG had not requested for land from the state, which banned open grazing in 2020 following the passage of the anti-open grazing law by the administration of late former Governor Rotimi Akeredolu.

Wemimo stated, “We have two ranches, one belongs to O’dua (Investment Company) and one belongs to the state. Those are the ranches we are dealing with

“We didn’t receive any money from the Federal Government for ranching, and it has not requested our land.”

The governor’s aide, however, noted that the state was open to any investor who wanted to invest in ranching in the state.

 

Credit: The Punch

BIG STORY

UBA, Wema, GTB Resume International Transactions On Naira Cards After Years Of Suspension

Published

on

Three commercial banks in Nigeria have revealed the recommencement of international transactions on their naira cards. In separate messages to customers, the United Bank of Africa (UBA), Wema Bank, and Guaranty Trust Bank (GTB) confirmed that the service is back on their naira cards. This change comes about three years after several banks halted international transactions on naira debit cards.

In a recent notice to customers, UBA stated the resumption is part of its ongoing commitment to delivering seamless and improved banking experiences. “In line with our continued commitment to providing you with seamless and enhanced banking experiences, we are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants are now enabled for international transactions,” the message read. “This means you can now use your Premium Naira Card for everyday payments, online shopping, POS, and ATM transactions across the world, with more ease and flexibility. If you haven’t used your card recently, now’s a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”

In its own statement, Wema Bank informed customers they could now “pay in dollars” using their naira cards. “Your Wema Naira Mastercard just went global! Now you can pay in dollars on all your favourite international platforms; Amazon, eBay, AliExpress? Netflix, Spotify, YouTube,” the bank noted.

In an email to customers, GTB explained that users can spend up to one thousand dollars every quarter with its naira card worldwide. “We are pleased to inform you that you now have a quarterly limit of $1,000 on your GTBank Naira Card to pay for all your favourite things anywhere in the world,” it said. “Withdrawals at ATMs Abroad: $500 quarterly. Online and POS Transactions: $1,000 quarterly. Kindly note that the quarterly limit of $1,000 covers all transactions including ATM cash withdrawals abroad, purchases on international websites, POS payments outside Nigeria, and more.”

WHY BANKS ARE MAKING THE SHIFT

Ayokunle Olubunmi, head of financial institutions ratings at Agusto & Co, explained that the improved liquidity in the foreign exchange (FX) market encouraged banks to restart global transactions with their naira cards. “The moderating premium on the parallel market transactions and the reduced arbitrage opportunities is also responsible for the decision,” he said.

Charles Sanni, chief executive officer of Cowry Treasurers, told TheCable that the smaller spread between the official and parallel market rates likely influenced the move. He added that interest rates are very high in Nigeria, which discourages borrowing to speculate on foreign exchange. “The naira has also continued to appreciate against the other major currencies of the world. More so, there has been increased diaspora remittances based on the new policy of the Central Bank of Nigeria (CBN) on opening of accounts for non-residents, particularly Nigerians in diaspora,” he explained.

Sanni also pointed to renewed confidence in FX management by the federal government and the CBN, noting improvements in fund transfers and capital repatriation. He mentioned that factors such as an improved credit rating for Nigeria, the clearance of FX backlogs, a “new trading platform, increase in oil prices from geopolitical conflicts, and banks capitalisation” also played a role.

Between July 2022 and January 2023, several other banks had also temporarily stopped international transactions on ATMs and POS channels. The pause was due to severe FX scarcity, which posed a risk to vital sectors of the economy.

In July, Standard Chartered Bank halted international transactions on its naira visa debit card. First Bank of Nigeria (FBN), on September 21, 2022, announced it would stop international transactions on its naira Mastercard. Three months later, Guaranty Trust Bank (GTBank) suspended global payments on its naira Mastercard, and Zenith Bank followed suit on January 9, 2023.

Flutterwave, Eversend, and other fintech platforms also suspended their virtual card services for international transactions.

Continue Reading

BIG STORY

BREAKING: Court Finds Natasha Guilty Of Contempt, Fines Her N5 million

Published

on

The Federal High Court in Abuja on Friday convicted the senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, for contempt over a satirical apology she posted on her Facebook page on April 27.

Justice Binta Nyako, delivering judgment in the suit filed by Senator Akpoti-Uduaghan challenging her suspension, began with the contempt application submitted by the Senate President, Godswill Akpabio.

Akpabio, in his application, argued that the senator’s social media post breached an earlier court order that restrained all parties from speaking to the press or posting on social media about the matter.

Akpoti-Uduaghan’s counsel contended that the post was unrelated to the court’s order on her suspension but was about a separate matter involving sexual harassment claims against the third respondent (Akpabio).

However, Justice Nyako ruled that after reviewing the post and the application before her filed by the third respondent, she was convinced it was connected to the suspension case before the court and therefore declared the plaintiff guilty of contempt.

The judge directed Akpoti-Uduaghan to publish an apology in two national newspapers and on her Facebook page within seven days. She also imposed a fine of N5 million.

 

More to come…

Continue Reading

BIG STORY

BREAKING: Court Orders Senate To Recall Suspended Natasha Akpoti

Published

on

A Federal High Court sitting in Abuja on Friday ruled that the Nigerian Senate exceeded its powers by suspending Senator Natasha Akpoti-Uduaghan for six months, ordering her to be immediately recalled to the Red Chamber.

Justice Binta Nyako, delivering the judgment, described the suspension period as “excessive” and lacking a solid legal basis.

The court stated that both Chapter 8 of the Senate Standing Orders and Section 14 of the Legislative Houses (Powers and Privileges) Act, which the Senate relied on, do not specify a maximum suspension length. Therefore, their application in this situation was considered overreaching.

The judge noted that since the National Assembly is only mandated to sit for 181 days in a legislative year, suspending a lawmaker for about the same length of time effectively silences an entire constituency, calling it unconstitutional.

“While the Senate has the authority to discipline its members, such sanctions must not go so far as to deny constituents their right to representation,” Nyako ruled.

However, the court agreed with Senate President Godswill Akpabio on a different issue, ruling that his decision to prevent Akpoti-Uduaghan from speaking during a plenary—because she was not in her designated seat—did not violate her rights.

Nyako also dismissed Akpabio’s argument that the judiciary should not interfere in what he described as an “internal affair” of the legislature, saying fundamental rights and representation fall squarely within the court’s jurisdiction.

In a separate twist, the court imposed a monetary penalty on Akpoti-Uduaghan for violating an earlier court directive that barred both parties from making public comments about the ongoing legal proceedings.

The fine amounts to millions of naira.

Continue Reading



 

Join Us On Facebook

Most Popular