NDC STATEMENT ON COURT RULING. (PHOTO). #PRESS RELEASE.

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 NDC STATEMENT ON COURT RULING Our attention has been drawn to a ruling by the Federal High Court sitting in Lokoja this morning, wherein His Lordship, Honourable Justice Isah Dashen, gave a ruling on an application filed by an unregistered association known as Peace Movement Party. The public knows that by December 2025, the Nigeria Democratic Congress  as an association complained of INEC’s refusal to register us as a political party, whereupon we proceeded to the Federal High Court. The Federal High Court upheld our constitutional right to freedom of association under the Constitution and compelled INEC to register us, which INEC did. Since then, we have started political activities, embarked on the registration of members, held congresses from ward to national levels, held conventions, and concluded primaries to all offices following INEC’s timetable. We have been fully participating in all INEC activities without let or hindrance. NDC also fielded candidates, and fully pa...
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LAUNCH OF THE FIVE BILLION SERIES 1 OF THE 30 BILLION EKO RICE RICE CONTRACTS PROGRAMMES ON THE LAGOS COMMODITIES AND FUTURES EXCHANGE. (PHOTOS).#PRESS RELEASE.

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GOV SANWO-OLU ATTENDS LAGOS COMMODITIES AND FUTURES EXCHANGE LAUNCH: 5 BILLION SERIES 1 OF THE 30 BILLION EKO RICE CONTRACTS PROGRAMMES, AT THE UAC BUILDING, MARINA, ON WEDNESDAY, 21ST JUNE 2023

 
Dear Lagosians! 

I'm happy to announce the launch of the Five Billion Series 1 of the 30 Billion Eko Rice Contracts Programme on the Lagos Commodities and Futures Exchange. 

This revolutionary public-private partnership is a game-changer for agriculture and food security in Lagos State. 

Agriculture is a critical sector of our economy, and this programme positions Lagos as an innovative hub. By guaranteeing the availability of affordable rice, we're ensuring food security for over 80% of Lagos families and also empowering our local farmers and driving economic growth together. 

Our commitment to the development of the Rice Value Chain has yielded remarkable results. We've scaled up local paddy production by 63.5%, creating over 2,620 jobs and improving livelihoods in rice-producing communities. This is just the beginning of our agricultural revolution.

Today's bell ringing ceremony on Lagos Commodities and Futures Exchange is a historic moment. We're offering exciting investment opportunities in Lagos' agricultural sector, highlighting these investment opportunities and projecting the role of the Capital Market in driving development in Lagos' commodities ecosystem. Let's seize the potential!

Through our agreement with Lagos Commodities and Futures Exchange, we'll ensure a sustainable supply of paddy to the rice mill. Every three months, 15,000 metric tonnes of paddy will be milled and sold to the public through subscribers. This collaboration strengthens the rice value chain and boosts confidence in the market.

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat; former Special Adviser to the Governor on Agriculture (Rice Mill Initiative), Dr Rotimi Fashola and the Ayangburen of Ikorodu, Oba Kabiru Shotobi, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023

 

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat and former Special Adviser to the Governor on Agriculture (Rice Mill Initiative), Dr Rotimi Fashola, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023

 

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat and the Ayangburen of Ikorodu, Oba Kabiru Shotobi, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023

 

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat; the Ayangburen of Ikorodu, Oba Kabiru Shotobi and former Special Adviser to the Governor on Agriculture (Rice Mill Initiative), Dr Rotimi Fashola, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023.

More photos below. 



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