David Okoye, Author at OHAFIATV

Feb

27

2024

RIFAN Urges Holistic Approach to Address Food Insecurity and Inflation

NewsNigeria, Opinion

The Rice Farmers Association of Nigeria (RIFAN), Lagos chapter, has emphasized the need for a comprehensive strategy to tackle food insecurity and inflation, stating that grain distribution alone won't suffice. RIFAN Chair Raphael Hunsa called on federal and state governments to convene a roundtable with farmers to develop effective solutions. Hunsa stressed the importance of addressing present food inflation through collective measures that prioritize long-term food security. Highlighting the necessity for farmer involvement in decision-making processes, Hunsa emphasized the importance of government-farmer collaboration to achieve success. He urged continuous support for farmers, including input, seedlings, chemicals, and machinery to enhance…

Feb

27

2024

By David Okoye

NITDA Calls for Collaboration to Foster Indigenous Tech Development

NewsNext Level

The National Information Technology Development Agency (NITDA) has urged stakeholders to collaborate in developing indigenous technologies, leveraging the Nigeria Startup Act 2022. This call was made by NITDA Director-General Kashifu Inuwa during the graduation of 13 founders from its 2023 Startup Accelerator Programme in Abuja, conducted in partnership with the Founder Institute. Inuwa highlighted the significance of the Nigeria Startup Act, citing its regulatory support, tax incentives, capacity building, and governance guidelines as crucial advantages for the tech ecosystem. He emphasized the Act's potential to diversify the economy and foster opportunities for indigenous tech innovation enterprises. The graduation ceremony underscored…

Feb

27

2024

By David Okoye

NLC Urges Taxation of the Rich and Subsidization of the Poor, Rejects IMF Policy

NewsNext Level, Ondo State

The Nigeria Labour Congress (NLC) in Ondo staged a street demonstration in Akure, calling on President Bola Tinubu to implement measures to alleviate historic hardship in the country. Led by NLC Chair Victor Amoko, protesters marched from the NLC secretariat to the governor's office, demanding action to address the high cost of living and inflation. Amoko emphasized the need for the government to reject IMF and World Bank policies, advocating instead for taxing the rich and subsidizing the poor. He also urged the fixing of local refineries and an end to subsidy, along with a halt to increases in school…

Feb

27

2024

By David Okoye

CBN Sets Forex Rate for BDCs, Implements Measures to Curb Exchange Rate Distortions

NewsFinance

The Central Bank of Nigeria (CBN) has directed bureau de change (BDC) operators to buy forex at a rate of N1,301 per dollar and sell at a maximum margin of one percent profit. This decision aims to address price distortions in the retail market, which contribute to widening exchange rate premiums. According to Hassan Mahmud, a director at the Trade and Exchange Department of the CBN, the move comes as part of ongoing reforms in the foreign exchange market to achieve a market-determined exchange rate for the naira. The CBN observed persistent price distortions in the retail market, prompting the…

Feb

27

2024

By David Okoye

Tragic Boat Capsizing in Lagos: Death Toll Rises as Search Continues

NewsLagos State, Security

Following a boat crash in Ikorodu, the Lagos State Waterways Authority (LASWA) retrieved an additional corpse from the scene. LASWA spokeswoman, Wuraola Alake, provided updates on the incident, stating that the submerged boat was also recovered. Alake shed light on the ongoing investigation into the cause of the capsizing, refuting claims of boat racing. She highlighted discrepancies in passenger manifest filing, with some passengers only completing forms after rescue. Of the 11 passengers rescued, nine filled out manifests at the Ibeshe ferry terminal, while two refused to provide details. The recovered casualties were handed over to the Lagos State Emergency…