Business
Farmers set to crash rice price to N6000 per bag
The National President, Rice Farmers Association of Nigeria (RIFAN) Mallam Aminu Goronyo on Wednesday said the farmers would crash the price of 50kg of rice to about N6000 if the government provide the necessary farm inputs to reduce the cost of production.
Mallam Goronyo who disclosed this after a meeting between the RIFA, Rice Processors and the Minister of Agriculture and Rural Development, noted that in few months’ time, if appropriate measures were taken by the government to ease the stress of rice production, the price of rice will crash in the market.
Currently, the price of 50kg bag of rice is sold for N18,000 across the country, but after a meeting between the RIFAN and Rice Processors, they agreed to reduce the price of rice paddy which was N50,000, to N110,000 per ton, this move will further crash the price of rice from N16,000 to N13,500 per bag.
Goronyo therefore said “this is just the beginning, the actual and real price should even come down because we are expecting a bumper harvest this year and we have sat down with the millers and agreed that we are going to work together for the interest of Nigerians.
“We are expecting that the price of 50kg rice to drop to N6,000 per bag, just give us the next few months, you have heard what the Minister said, our major challenge is cost of production, the minister has promised to bring down the cost of production to the nearest minimum.
Also speaking after the meeting the National President of Rice Processors Association of Nigeria, Mohammed Abubakar said the meeting with the Minister was basically to inform him (the Minister) of the decision by the rice farmers and Processors to reduce the price of rice to N13,500 per 50kg bag.
His words: “We came here to inform the Minister of our agreement with the farms on the price of paddy, to let the Minister know that we have agreed on a price per ton of paddy for this year 2017 and 2018 wet season harvest for N110,000 per ton, as against the N150,000 we buy initially, and we were selling the rice for N16,000 per 50 kg bag, so if this works, we will sell the bag of rice for N13,500 according to where you are buying from.
In his response, the Minster of Agriculture and Rural Development, Chief Audu Ogbeh noted if the price of rice is crashed to N13,500, the smugglers’ margin will become too small.
He said the government will continue to procure farm machines to assist the rice farmers to ease the stress of rice production, and consequently further crash the prices of rice in the market.
“The biggest enemy of the Nigerian rice farmers and processors are the smugglers, if the price of rice falls to N13,500, smugglers margin becomes too small and we hope that the measures we are going to take can end the smuggling of rice and many other things.
“We will help you ease the burden of rice farming, last year, we procured 8,000 threshers, this year we are going to procure another 2,500 threshers, and we are bringing small reapers to distribute to your farmers, so they can cut the rice with the machine thresh it with the machine, willow it and put it in the sack, and take away all that stress which makes rice farming very difficult.
“I assure you government will continue to procure and support rice farmers so that you can keep to the price you have agreed of a N110,000”, the minister added.
Zenith Bank Enhances E-Channel Services for Customers
Zenith Bank, one of Nigeria’s leading financial institutions, has restored improved services across its electronic transaction channels, ensuring customers have seamless access to banking services.
In a statement released on Thursday via its X handle, the bank confirmed that customers can now conveniently conduct transactions across various platforms following a recent upgrade. These enhancements follow temporary glitches caused by routine IT maintenance aimed at optimizing service delivery.
Zenith Bank reiterated its commitment to providing improved services and highlighted the various channels available for customer transactions, including:
– Zenith Bank Debit, Credit, and Prepaid Cards
– Automated Teller Machines (ATMs)
– Point of Sale (POS) Terminals
– Zenith Bank Mobile App
– Internet Banking Platform
– Zenith Agents nationwide for agent banking
Customers are also encouraged to visit any of the bank’s branches across the country for in-person transactions.
Zenith Bank reassured further improvements in service delivery following the IT infrastructure upgrade. Customers with bulk payments and salary requests are encouraged to present payment mandates at any Zenith Bank branch nationwide for expedited processing.
Zenith Bank remains dedicated to enhancing customer experience and ensuring reliable banking services across all platforms.
For further inquiries, customers can contact Zenith Direct at +234 201 278 7000, 0700ZENITHBANK, or 0904 085 7000. Alternatively, they can send an email to [email protected].
Business
Infrastructure Upgrade: Zenith Bank Apologizes for Disruptions, Assures Customers on Improved Services
FANAFILLIT sets to Unite hearts and transform lives with GLOWFUX 2024
Fanafillit Integrated Concepts, the visionary force behind the annual GLOWFUX Charity Concert, has revealed its ambitious plans for the 2024 edition. Slated for December, this year’s event aims to gather compassionate Nigerians for a powerful and heartwarming initiative, designed to bring joy to the lives of special children. The event promises not only world-class entertainment but also a deeply moving experience for all attendees.
In an official statement, Miss Rebecca Olaniyan, the Coordinator for the 2024 GLOWFUX Charity Concert, announced the theme: “UNITING HEARTS, TRANSFORMING LIVES.” This theme encapsulates the core purpose of the event—fostering unity through acts of love and compassion, resulting in profound and lasting change for both individuals and communities. “This theme underscores the concert’s mission of creating connections that inspire growth and empowerment,” Miss Olaniyan explained, as the concert continues its tradition of supporting children in orphanages and special needs homes.
The 2024 edition introduces a thrilling new twist with a change of venue to the historic National Museum, Onikan, Lagos. According to Mr. Olubode Mac Oserinde, initiator of the GLOWFUX Charity Concert and Team Lead at FANAFILLIT, this change is designed to offer guests an even richer experience. “With this year’s edition at the National Museum, GLOWFUX Charity Concert is set to elevate the event experience,” he noted. “The museum’s serene and culturally significant environment will add a new dimension to the event, ensuring that it not only entertains but also educates and enriches our guests.”
One of the key highlights of this year’s concert is the lineup of extraordinary young talents, aged between 7 and 16, who are poised to mesmerize the audience. Gospel sensation Feranmi Golden Angel, dynamic entertainer Vanessa Jones, proverb maestro Chief Adigun Olowe, and dexterious saxophonist Dom Sax will lead the entertainment. Their youthful exuberance and remarkable skills are sure to inspire both the children and adults in attendance, offering a unique perspective on how young minds can make a powerful impact.
Kicking off the day, the GLOWFUX Carpet session will run from 11:00 a.m. to 1:00 p.m., offering guests a glamorous and engaging introduction to the event. The main concert will then follow from 1:00 p.m. to 6:30 p.m., ensuring a day full of joy, laughter, and heartwarming moments.
This year’s concert will also feature the traditional induction of new GLOWFUX Young Ambassadors, a momentous occasion where young advocates are recognized for their commitment to making a difference. Additionally, the GLOWFUX Hall of Charity Awards will honor outstanding contributions to the community, with awards in the categories of GLOWFUX Man of the Year, GLOWFUX Woman of the Year, GLOWFUX NGO of the Year, and GLOWFUX Socially Responsible Corporate Brand of the Year.
In a significant addition to the program, attendees can look forward to an enriching motivational talk on the power of giving with love. The concert organizers are currently in discussions with Rotarian Femi Adenekan, Governor of Rotary District 9112, to deliver this insightful keynote address, which will further emphasize the concert’s message of generosity and kindness.
As always, the GLOWFUX Charity Concert is open to the public, inviting individuals to celebrate with the special children, who are treated as VIP guests. Attendees are encouraged to bring gift items for the children and to join in the spirit of giving.
The entertainment lineup for the day is brimming with excitement, with performances from talented young stars and appearances by Hilary Jackson and his Dance Group. First Class Comedy will provide comic relief, ensuring that the audience is treated to both inspiration and laughter. The event will be hosted by the dynamic duo of Princephelar and MC Luwy, while popular child-skitmaker Akorede is expected to make a special appearance as a celebrity guest.
The GLOWFUX Charity Concert is open to the public, inviting individuals to celebrate alongside the special children treated as VIP guests with complimentary food, drinks, and entertainment for everyone. Attendees are encouraged to bring gift items for the children and join in the spirit of giving. Guests can register at https://donate-ng.com/campaign/glowfux-2024 to secure their spot at this memorable event.
The 2024 GLOWFUX Charity Concert is supported by notable brands, including Elegushi Royal Stool, iCare Foundation, Courteville Solutions PLC, Seniors Wellbeing Foundation, Hands Lifting Hearts Initiatives, Danone, Seven-Up Bottling Company, Primero Transport Ltd, Fidson Healthcare, Beloxxi Biscuits, AkModel Properties, Corsican Brothers, KingsMead Group of Schools, MALENS Diagnostics, Headway Events, DJ MAPS Productions, Epee Tech Solutions, SIFAX group, and 3Zs Fabrics.
Media support will come from an array of respected outlets, including AIT, Global Excellence magazine, theeagleonline.com.ng, KRAKS TV, newspop.com, theelitesng.com, freedomonline.com.ng, PULSE NG, saharaweeklyng.com, thegazellenews.com, pmexpressng.com, freelanews.com, thecitypulsenews.com, societyreporters.com, theimpactnewspaper.com, thestatusng.blogspot.com, mockinbird.com.ng, omonaijablog.com.ng and others. This comprehensive media coverage ensures that the concert will reach a broad audience, amplifying its impact.
For those looking to contribute, the GLOWFUX Charity Concert offers numerous avenues for participation, partnership, and sponsorship.
For all inquiries related to participation, partnership, or sponsorship, please contact:
– 07085755549
– 07032312815
– 09159712472
To support this noble cause, donations can be made to:
Account Name: GLOWFUX Concert
Account Number: 8554972016
Bank: FCMB
GLOWFUX Charity Concert: Giving happily to live happily.
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