National Economy
Saturday, October 25, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

Group Laments Impacts Of Forex On Food Sector

by Andrew Ojiezel
August 17, 2023
in Business, News
FOOD

YOU MAY ALSO LIKE

LG, Ecobank Partner To Deepen AI Ecosystem

ICHST 2025: PTI URGES EARLY TAKE-OFF OF AFRICA ENERGY BANK

The Food, Beverage, and Tobacco Senior Staff Association (FOBTOB) have called on President Bola Ahmed Tinubu to save the food and beverage sector from an imminent collapse through addressing the foreign exchange crisis.

This is just as it warned against the threat to food security by the invasion of farmers by herdsmen across the country.

The president of FOBTOB, Comrade Jimoh Oyibo, who made this known to LEADERSHIP shortly after his speech at the FOBTOB’s 45th anniversary, also warned that labor is set to shut down the economy without notice if there is a further increment in fuel prices.

Oyibo, describing the attacks on farmers by terrorists as a reason for his warning against the threat to food security, said, “Since we rely on products from our local farmers in order to have food, the current attacks on farmers, heavy taxation being forced on by herdsmen to access their farmlands, and some farmers now securing their farmlands with hired security guards will contribute to food sufficiency across the country.

“Only irresponsible leaders will allow its people to die of hunger. Country leadership that cannot feed its people has failed in its responsibility. President Tinubu should not feign ignorance of this threat to food security because the effects of food insecurity could be disastrous and could bring down the nation.”

Irked by the insecurity, Oyibo reiterated that, “it is worrisome that the government could feign ignorance and allow kidnappings and other crimes against lives, property, and safety of lives to linger on. The Federal Government should take drastic steps to nip insecurity in the bud to have peace; otherwise, the word of one of our past leaders that if insecurity lingers more than a few hours, it means the government itself has a hand in it.”

In a related development, the FOBTOB helmsman called on Tinubu to desist from rewarding party loyalists with ministerial posts, but rather he should appoint those who will assist him in salvaging the country and help save the country from over-dependence on importation to create jobs through the growth of factories.

The chairman of the occasion, Chief Patrick Anegbe, in his keynote address, charged Nigerians to be hopeful and patient with the current country’s leadership.

Speaking on the topic, ‘FOBTOB in the Last 45 Years’ Anegbe, who is the MD/CEO of Intercontinental Distillers Limited, called on members to continue to nurture the spirit of collaboration, good communication, and understanding by working together, sharing knowledge and expertise to surmount any challenges that come their way.

Tags: and Tobacco Senior Staff Association (FOBTOB)BeverageFOBTOBGroup Laments Impacts Of Forex On Food SectorThe Food
ShareTweetShare

OTHER GOOD READS

LG, Ecobank Partner To Deepen AI Ecosystem
Business

LG, Ecobank Partner To Deepen AI Ecosystem

9 hours ago
ICHST 2025: PTI URGES EARLY TAKE-OFF OF AFRICA ENERGY BANK
Business

ICHST 2025: PTI URGES EARLY TAKE-OFF OF AFRICA ENERGY BANK

23 hours ago
Tinubu Reiterates Commitment To MSME Growth
Business

TINUBU HAILS EKPO, MSHELBILA ON GECF POSITIONS

24 hours ago
Next Post
Market Engine Unveils Cutting-Edge Marketing Technology Solutions

Market Engine Unveils Cutting-Edge Marketing Technology Solutions

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved