TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Govts use agriculture to steal money – Obasanjo

The Citizen by The Citizen
July 17 2016
in Headlines, Latest News, Uncategorized
A A
1

Former President Olusegun Obasanjo has decried the direct involvement of government in agriculture, noting that it had been with an ulterior motive “to steal.”

The former president, who averred that government at all levels has no business being directly involved in agricultural production, saying such practice in the past was as a reason for corruption in the agricultural sector in the country.

Obasanjo made these statements while delivering the first eminent person’s business lecture of the University of Ibadan School of Business (UISB) in partnership with the International Institute of Tropical Agriculture (IITA), held at the International Conference, University of Ibadan, on Saturday.

During the lecture entitled “Agribusiness: Time to act is now,” the former president, who traced the historical development of agriculture in sustaining the country’s economy, posited that it still remained the largest employer of labour if well harnessed.

He said, “in the past, the greatest bane of agriculture had been lack of continuity and consistency in government policy. Maybe, the present situation in which we found ourselves in our economy and the low prices of oil will be a blessing in disguise; to wake us up to the reality of agriculture as the mainstay of our economy and as a renewable system of production compared to oil and gas.

“Agriculture cannot be practised without government support with good policy and incentive. But government being a direct producer has never worked and it will never work in agriculture.

“In recent times, government leaders have made government to go directly into agricultural production and it has been an ulterior motive for stealing. I have seen a poultry house of a state government’s poultry production with two-weeks-old birds on the floor and the floor was as clean as if you haven’t put any bird there. No faeces, no water dropping. It was devised by the governor of that state for the purpose of stealing and he stole.”

Obasanjo, who had earlier listed the challenges facing agriculture in Nigeria, called on government to focus on provision of “infrastructure for storage, stability and ability of pricing in agricultural commodities, agricultural financing to be kept at single digits rate of interest,” among others.

He then advised that agricultural business must be glamorised in Nigeria to attract youths, counselling practitioners and governments to adopt and adapt best practices from within and from outside Nigeria.

Obasanjo also said that the fall in prices of oil at the world market, which he said might be a blessing in disguise, has contributed to economic hardship and collapse in businesses, noting that to overcome these challenges, “all hands must be on deck to practically embrace agriculture and not just on papers.”

Earlier in his speech entitled “Contextual Foundation for Eminent Persons’ Business Lecture,” chairman UISB, Professor Ademola Ariyo, said the lecture would be an annual lecture by “universally acknowledged as really eminent persons in any of UISB  areas.”

The vice chancellor of the University of Ibadan, Professor Idowu Olayinka, while speaking, affirmed the institution’s determination to contribute its quota to the development of agribusiness in Nigeria.

Previous Post

Nigerians in UK face deportation over new income threshold

Next Post

FG clarifies ban on Post-UTME, admission procedure

Related Posts

INEC to conduct mock presidential election
Headlines

INEC to conduct mock presidential election

September 3 2026
DSS bans operatives from arresting people over civil matters
Headlines

DSS bans operatives from arresting people over civil matters

September 3 2026
‘Fake’ Agency: Adeyemi insists DG appointment genuine
Financial Crimes

Reps panel traces 58 bank accounts, 12 entities, 39 workers to fake PFIPC DG

September 2 2026
Uber commences drivers’ mask verification
Business

Uber shuts down Nigerian operations

September 2 2026
Jehovah’s Witnesses launch global campaign to help people find greater happiness, hope
Latest News

Jehovah’s Witnesses launch global campaign to help people find greater happiness, hope

September 1 2026
Jehovah’s Witnesses expand access to bible-based information in Nigerian languages
Latest News

Jehovah’s Witnesses expand access to bible-based information in Nigerian languages

September 1 2026
Next Post

FG clarifies ban on Post-UTME, admission procedure

Police get 18 new AIGs, appoint 37 CPs

Comments 1

  1. lubem says:
    10 years ago

    Obj again. He was a farmer during his tenure as president, even before that. So…..heheheheh

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

APPOINTMENTS

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

ODDITIES

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

GLOBAL NEWS

Iran President thanks Putin for Russia’s stance in war with US

Iran President thanks Putin for Russia’s stance in war with US

by The Editor
September 1 2026
0

...

Saudi Arabia halts multiple visas for Nigeria, 13 others as U.S. suspends visa dropbox

US outlines two family visa options for permanent residence

by The Editor
September 1 2026
0

...

US Army Secretary submits resignation

US Army Secretary submits resignation

by The Editor
September 1 2026
0

...

Russia helps Niger Republic junta to retake military base

Russia helps Niger Republic junta to retake military base

by The Editor
August 30 2026
0

...

WHO declares global health emergency over Ebola outbreak in Congo, Uganda

WHO confirms Uganda Ebola-free, as virus continues spread in DRC

by The Editor
August 28 2026
0

...

State of the States

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Gov. Mutfwang convenes security council over Plateau attacks

Gov. Mutfwang convenes security council over Plateau attacks

by The Editor
September 2 2026
0

...

Enugu govt gets commendation for successful hosting of 2nd City Marathon

Enugu govt gets commendation for successful hosting of 2nd City Marathon

by The Editor
September 1 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Police slam treasonable felony charge on Katsina man for destroying Tinubu’s billboards

Police slam treasonable felony charge on Katsina man for destroying Tinubu’s billboards

September 3 2026
INEC to conduct mock presidential election

INEC to conduct mock presidential election

September 3 2026
Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

September 3 2026
FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

September 3 2026

EDITORIAL REVIEW

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Interstate highways of agony, hollow excuses – Punch

Interstate highways of agony, hollow excuses – Punch

by The Editor
September 1 2026
0

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Clerics must preach peace, not division – Punch

Clerics must preach peace, not division – Punch

by The Editor
August 25 2026
0

Tax reform: Northern senators in closed-door meeting as bill scales second reading

Tax reform must end multiple taxation – Punch

by The Editor
August 24 2026
0

Opinion

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.