PRESIDENT TINUBU RECONSTITUTES NNPC LIMITED BOARD, APPOINTS NEW CHAIRMAN, GROUP CEO. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU RECONSTITUTES NNPC LIMITED BOARD, APPOINTS NEW CHAIRMAN, GROUP CEO President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.   President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.   The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.   Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.   Six board members, non-executive directors, represent the country's geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represe...
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SENATE MOVES TO REQUIRE 20% CASSAVA FLOUR IN WHEAT PRODUCTS. (PHOTO).

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 Senate Moves to Require 20% Cassava Flour in Wheat Products


The Nigerian Senate has moved forward with a bill requiring the inclusion of 20% high-quality cassava flour in wheat used by local producers or imported into the country. The bill, which successfully passed its second reading, aims to reduce Nigeria’s annual wheat importation costs, currently exceeding $3 billion.


The proposed legislation seeks to promote cassava farming, create a sustainable market for cassava flour, and regulate the proportion of cassava to wheat in flour production. Senator Saliu Mustapha, the bill's sponsor, highlighted the potential for the initiative to cut wheat import costs, support Nigeria’s position as the world’s largest producer of cassava, and stimulate job creation in agriculture.


The bill also proposes tax incentives for wheat and cassava flour producers and importers, with an emphasis on reducing Nigeria's food import bill and boosting rural development and food security. This move aligns with a 2021 policy by the Federal Ministry of Agriculture and Food Security to encourage cassava flour inclusion in wheat products.

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