The Miyetti Allah Kautal Hore has asked governors in south-west Nigeria to discontinue the push for the Western Nigeria Security outfit, codenamed ‘Operation Amotekun’. The National Secretary of the group, Alhassan Saleh, said that the continued support for the security outfit may hinder the South-West’s chances of getting the Presidency in 2023. Expressing his disappointment in the South-West “intelligentsia”, for supporting the outfit, Saleh said Amotekun scheme is political and is not the solution to the problem of insecurity. He advised that the governors should have rather pushed for state police as it might be difficult for the region to get the funding for the outfit particularly at a time the states involved are struggling to pay salaries. Saleh insisted that the governors should give up the development, which is expected to arrest the security challenges in the region.
The Nigeria Export Promotion Council has said that there are indications that the country’s import of foreign rice has declined by 3.7 million metric tonnes. Going by the country’s rice production, which stood at 4.9MMT in 2019, dependence on foreign rice has declined from 4.5MMT to 800,000MMT, the CEO, NEPC, Segun Awolowo, said during a workshop with farmers in Jos. Represented by the Director, National Export Office, Abuja, Gertrude Ukoanam, Awolowo noted that Nigeria was among the top 16 rice producers in the world with production valued at ₦684 billion, surpassing other African countries including Egypt and Madagascar (2017), which respectively produced 4.3 million and 3.5 million metric tonnes annually. Data from the Food and Agriculture Organisation of the United Nations, Rice Farmers Association of Nigeria, Federal Ministry Agriculture and Rural Development, waystocap.com, allafrica.com, put Nigeria as the largest producer of the staple in recent times. The President, RIFAN, Aminu Goronyo, said findings by the association showed that virtually all the rice consumed across the country is cultivated and processed locally.
The Transmission Company of Nigeria has recorded the first power system collapse for the year 2020. The collapse, which forced the entire country into total darkness took place around 1237 hours WAT. The company said its men had already moved to restore the grid, but the actual cause of the collapse was yet to be ascertained. Meanwhile, the Eko Electricity Distribution Company through a tweet told their customers that the outage was due to a TCN system collapse affecting Lekki, Ibeju and environs, while the Ikeja DisCo also made a similar announcement.
Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day in December last year, following the country’s November 2019 oil output at 1.66 million BPD, based on direct communication. OPEC, in its monthly oil market report, said that Nigerian crude production in December was in line with its quota of 1.77 million BPD, according to secondary sources. Nigeria tends to be more sensitive about production than price. A lower oil output would affect the actualisation of budgeted revenue projections as oil revenue accounts for 31.35 percent of the total revenue projected. The oil cabal and its partners, including Russia, agreed to cut output by a further 500,000 BPD from January through March 2020, on top of their previous cut of 1.2 million BPD. Starting this month, Nigeria’s quota drops to 1.75 million BPD under the OPEC+ coalition’s agreement to deepen its production cuts through March, S&P Global Platts said. According to the GMD of the NNPC, the country is shifting its upstream work towards natural gas liquids and natural gas, to better comply with its crude production quota under the OPEC+ agreement.