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IN recent times, it is a known fact that there is a sharp decline in revenues accruing from oil sales, globally. Nigeria is no exception, and has been affected by this global endemic, as a member of the Organisation of Petroleum Exporting Countries (OPEC). Consequently, the negative trend has telling effects on monthly allocation accruing from the Federation Account to its two other tiers of government. As a way to remain afloat, both the federal and state governments have devised other means of generating revenues for the day-to-day running of government. The government, at all levels, individuals and corporate organisations, have divested into agricultural business as a tested, viable and reliable sector to bridge the yawning gap in respect to the hitherto over-reliance on the oil proceeds for survival. On account of its dominant role, agriculture is a key player in poverty reduction and job creation.
Sunday Ilori
In recent time, it is a known fact that there is a sharp decline in revenues accruing from oil sales, globally. Nigeria is no exception, and has been affected, as a member of the Organisation of Petroleum Exporting Countries (OPEC). The negative trend has affected the monthly allocation from the Federation Account to all tiers of government.
As a way of remaining afloat, the federal and state governments have devised other means of generating revenues for the day-to-day running of the government. The governments, at all levels, individuals and corporate organisations, have divested into agricultural business as a tested, viable and reliable sector to bridge the yawning gap in relation to the hitherto over-reliance on oil proceeds for survival. On account of its dominant role, agriculture is a key player in poverty reduction and job creation.
Action ordered against retailers, farmers charging higher milk price
Karachi
February 3, 2021
One of dairy farmers’ cartels in the city hiked the milk price by Rs46 per litre late on Monday. The farmers’ association demanded of Commissioner Karachi Navaid Ahmed to revise the milk price every four months as per a directive of the Sindh High Court.
The association asked to place a ban on the export of animal fodder and sign a free trade agreement with them to import animal fodder; otherwise, there would be a Rs15 price hike by the month of May. However, the price hike was rejected by the Milk Retailers Association, other associations of dairy farmers and the commissioner. Sindh Agriculture Supply and Prices Department on Monday issued a notification to all the divisional commissioners across the province to take against the abrupt price hike of fresh milk and violation of the notified milk price which is Rs94 per litre.
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