It was a great honour to be asked by Catholic Priests to write a Foreword for their book. Good People, Reverends in the Catholic Diocese of Okigwe spent time with us in Tekedia Institute, and over the last few months, they have put their experiences in a book: ‘This book, “That they may have life in abundance” (John 10:10): Blueprints for Economic Growth and Sustainable Development in the Catholic Diocese of Okigwe” is a compilation of articles of Okigwe diocesan priests who did a mini-MBA at Tekedia Institute’, Rev. Fr. Dr. Chidiebere Obiodu, the book editor, wrote in the Preface.

He continued: “The articles cover a wide spectrum of business areas the Church can explore. The first part examines entrepreneurship in general and proposes establishing a TV channel and a communications directorate. The second part focuses on the economic sustainability initiatives for the three seminaries in the diocese. The third part concentrates on agricultural opportunities for the diocese to explore. Generally, it examines the need to turn parish and school lands into farmlands and set up an agro-conglomerate. Specifically, it proposes establishing a 500 white wagon piggery farm, a plantain plantation, a palm oil business, and a cassava food production facility.

“The fourth part focuses on the service sector. It examines the use of ICT in managing Okigwe diocesan enterprises, how efficient logistics is indispensable in supporting Okigwe diocese in achieving the Church’s salvific mission, the establishment and management of Okigwe diocesan hospitals, the prospects of tourism in Okigwe diocese, and the importance of the welfare of priests in Okigwe diocese.’“

Let me use this moment to thank David Onaolapo who donated $7,000 to support imams and priests to study in our Institute. The feedback has been amazing, from a mosque which has added an entrepreneurial center to churches opening ventures to become a hub in their communities. We THANK David for scaling Knowedge.

Book Contributors:

Rev. Fr. Dr. Chidiebere Obiodu is a lecturer in canon law and religion at Seat of Wisdom Seminary, Owerri.

Rev. Fr. Emmanuel Chigozie Okafor is the Parochial Vicar of St. Anthony’s Parish, Umuozu.

Rev. Fr. Christian Ajomiwe is the Vice Principal of the Technical Section of All Saints Secondary School, Ugwuaku, Okigwe.

Rev. Fr. Chibuike Uwakwe is the Financial Administrator of the Catholic Diocese of Okigwe.

Rev. Fr. Augustine Ezeonyiwara is the Vice Rector II and Academic Dean of St. Peter’s Seminary, Okigwe.

Rev. Fr. Mark Okocha is the Rector of St. Thomas Aquinas Seminary, Ihitte.

Rev. Fr. Vitus Ohagwu is the Vice-Rector of St. Charles Borromeo Spiritual Year Seminary, Ehime Mbano.

Rev. Fr. Patrick Uchego was a former Vice-Rector of St Charles Borromeo Spiritual Year. He is currently a post- graduate student of liturgy at the Catholic Institute of West Africa.

Rev. Fr. Paschal Nwosu is the Parochial Vicar of St. Peter’s Parish, Umunohu, Ihitte.

Rev. Fr. Emmanuel Igbokwe is the Parochial Vicar of St. Patrick’s Parish, Ogbor, Ugiri, Isiala Mbano.

Rev. Fr. Chamberlain Udochukwu Anyanele is the Parochial Vicar of St. Patrick’s Umuezeala Owerre, Ehime Mbano.

Rev. Fr. Adolphus Muojeke is the Parochial Vicar of St. Joseph’s Umualumaku, Ehime Mbano.

Rev. Fr. Joshua Orji is the Parochial Vicar of St. Mary’s Parish, Amuzi, Obowo.

Rev. Fr. Valentine Obianyanwu is the Vice Principal of St. Paul’s High School, Osu, Isiala Mbano.

Rev. Fr. Kingsley Ugochukwu Nwanonaku is the Parochial Vicar of St. Patrick’s Ugonna Parish, Lowa, Uboma.

Rev. Fr. Michael Ukaji is the Parochial Vicar of St. Anthony’s Parish, Uboma.

Rev. Fr. Stanislaus Nwachukwu is the Parochial Vicar of St. Paul’s Parish, Umuezeala Ama.

Rev. Fr. Gerald Awah is the Parochial Vicar of St. Mary’s Parish Amuzi, Obowo

Rev. Fr. Nicholas Ibeh is the Parochial Vicar of St Theresa’s Parish, Umunakanu Owerre, Ehime Mbano.

The Federal Competition and Consumer Protection Commission (FCCPC) has made a compelling appeal to the Federal Government to reopen the country’s borders, enabling the legitimate importation of food items to address the growing hunger crisis in Nigeria.

This call was made during an advocacy meeting with traditional rulers and other stakeholders at the Emir’s palace in Bauchi.

Acting Executive Chairman of the FCCPC, Adamu Abdullahi, highlighted the Commission’s ongoing efforts in advocacy and public awareness regarding price gouging and other unfair trade practices in Nigerian markets. He noted that reopening the borders would facilitate the importation of food, potentially stabilizing market prices and easing the burden on Nigerian consumers.

The FCCPC’s visit aimed to sensitize stakeholders on their rights and help them identify counterfeit products and proper channels for lodging complaints.

Abdullahi explained, “As mediators, we ensure that substandard products are repaired, replaced, or refunded to the consumer if they are unsatisfied with their purchase.”

He also expressed concern about the escalating commodity prices due to the recent appreciation of the naira against the dollar, calling the situation unacceptable.

“The FCCPC remains dedicated to promoting fair competition, protecting consumers, and fostering a regulated marketplace. We encourage citizens to be vigilant and actively report any violations,” Abdullahi added.

Traditional Rulers’ Concerns

The Emir of Bauchi, Dr. Rilwanu Adamu, echoed these concerns, noting the rising prices in markets, particularly for food items, which are causing hardship for citizens. Represented by the District Head of Lame, Alhaji Yakubu Aliyu Lame, the Emir urged the Federal Government to take urgent action to reduce food prices, stressing the suffering of ordinary Nigerians.

He assured that the traditional institution in the state is ready to help raise public awareness about the Commission’s activities to ensure the message reaches the targeted audience.

Economists’ Perspectives

Economists agree with the FCCPC’s call, emphasizing the urgent need for food importation to fill the widening gap. Financial expert Kalu Aja highlighted that food inflation has reached 40%, questioning why the government imports fuel but not food.

“How can food inflation be 40% and the federal government has no concrete and clear plan to reduce it? Or will they share billions to State Governments to buy rice from local markets which will increase local inflation?” he asked.

Aja outlined a multi-step approach to tackle the challenge of food insecurity head-on:

• Eliminate insecurity in food-growing areas to boost supply.
• Import food to cover the fall in supply as the fight against bandits continues.
• Implement agricultural policies to boost yields, including better storage and seeds.
• Invest in targeted infrastructure to improve food delivery from farms to factories and cities.

“Imports are a short-term solution to address the fall in food supply as the military tackles bandits and terrorists,” Aja emphasized.

The Impact of 40% Food Inflation

The 40% food inflation is having profound implications for the Nigerian economy, significantly affecting the spending power of its citizens. As food prices escalate, the average Nigerian household is being forced to allocate a larger portion of their income to basic sustenance, leaving less for other essential needs such as healthcare, education, and transportation. This shift, economists note, exacerbates poverty and reduces the overall quality of life.

Also, high food inflation increases operational costs for businesses reliant on local produce. Consequently, prices for goods and services across various sectors rise, further straining consumers’ already stretched finances. Experts note that this ripple effect stalls economic growth, as reduced consumer spending power leads to lower demand for non-food items, impacting businesses and potentially causing job losses.

Against this backdrop, criticism has continued to trail the government’s decision to restrict food importation as a way of boosting local food production, with many calling it counterproductive.

President Bola Tinubu had in February, reiterated his decision not to approve food importation, stating that his “administration is dedicated to evolving home-grown solutions to tackle our nation’s food security challenges head-on.”

Aja compared the situation to Nigeria’s inability to establish functioning refineries despite being an oil-producing nation, noting that it has not led to a ban on oil importation.

“Nigeria’s food output was not keeping pace with population growth, and this was even before ‘bandits’ made farming a risky activity. We can’t say ‘No imports’ and then do nothing,” Aja said.

A recently leaked document suggested that the federal government might lift some restrictions on food importation. However, its current attempts to quell the food crisis have centered on cash and food distribution. Financial experts argue that this approach will only compound the nation’s food insecurity.

“Releasing cash to buy local food worsens the problem as it increases prices. What is needed is more external supply. Internal supply can’t meet the demand,” Aja said.