Tag: feeds

  • Boko Haram: WFP feeds 1.1m IDPs monthly, says ED

    The Executive Director of the United Nations World Food Programme (WFP), David Beasley yesterday said the agency is feeding about 1.1million persons, who have been displaced by Boko Haram insurgency.

    He said the agency has been managing its programme in the country with about $200million.

    He praised the United States, the United Kingdom (UK), the European Union (EU), Germany and Japan for contributing significantly to the WFP activities for the IDPs.

    But he said WFP was running out of funds because 80 per cent of its expenditure had been for war zones.

    He said most of the Internally Displaced Persons were eager to return home.

    He said the IDPs were already bored in these camps and they ought to be kept busy.

    Beasley, who spoke with our correspondents after returning from a trip to IDPs camps in Borno State, said the International Community needed to cooperate with the Federal Government to provide a safe and secure environment in the North-East so that life can go back to normal

    He said: “We are feeding about 1.1m monthly for example and that is in Internally Displaced Persons (IDP) camps. We have about 1.9m IDPs in Nigeria; we have about 1.7 million in one of those camps in one state out of the three states.

    “For instance we went from feeding 85,000 people a year ago to 1.1 million in just a year. That is a major scale.

    “We provide them with food they need, from rice to different nutritional products, we give the balanced nutritional diets they need. We  make certain the children are healthy, not stunted and we are very pleased with the cooperation we are getting  and the success we are having in each of  the camps we are responsible for and  the population we are responsible for.

    “It depends on the situation, for example, we give the children special supplements, it’s a special cereal fortified with necessary vitamins and nutritional values. We also give them rice, beans, vegetable oil, soy but 70 per cent of the food we supply our beneficiaries are sourced locally

    Asked how the WFP was getting funds, he said through donors including some countries.

    “We are getting donors by the day. The good news is that the international community has been stepping it up.

    “We have a little more than $200m with the United States (US), a major supporter contributing a chunk of that with over $150m.

    “We get funds in but it’s a complex situation when we talk about funding because it doesn’t matter what you need, what matters is what you need coming through. The United Kingdom (UK), European Union (EU), Germany and Japan have all been doing well too.

    “It doesn’t matter whether it is Nigeria, Uganda, Ethiopia, Syria or South Sudan, Yemen or Iraq, 80 per cent of our expenditure is for war zones and we are running out of funds.”

    Speaking on his interaction with IDPs, he said they all wanted to return home.

    Beasley added: “I talked to many of the mothers and fathers, and I asked them, are you getting sufficient food and they answered we are getting pretty good, that is good news. The bad news is they are in camps, with thousands of people in a limited space.

    “The best I guess, given the condition is, who wants to live in a camp? They want to go back home. But the good news is they are safe and getting through, the bad news is it is a camp with a lot of people. It is not a prison but it is not where you want to be.”

  • Livestock Feeds to raise N1.1b new equity funds from shareholders

    Livestock Feeds Plc has received the approval of the Nigerian Stock Exchange (NSE) to raise about N1.1 billion new equity funds from existing shareholders. The proposed supplementary issue of the agro-allied company was approved by the quotation committee of the Exchange last Thursday.

    A regulatory document obtained at the weekend by The Nation indicated that Livestock Feeds plans to undertake a rights issue of 1.0 billion ordinary shares of 50 kobo each at a price of N1.10 per share. The rights issue will be pre-allotted on the basis of one new ordinary share for two ordinary shares already held by the shareholder.

    The rights issue’s price of N1.10 per share represents about 28 per cent increase on the current market value of 86 kobo at the Exchange, raising fears about the attractiveness of the rights issue to the retail shareholders.

    More than half of the rights issue’s funds are expected to be provided by UACN of Nigeria (UACN), which acquired majority equity stake in the agro-allied company in 2013. Recent shareholding analysis showed that UACN holds 51.01 per cent equity stake in Livestock Feeds while First Capital Trust Limited holds the second largest equity stake of 8.02 per cent. Cashcraft Asset Management Limited holds the third largest stake of 5.06 per cent. Sundry minority shareholders hold the balance of 35.9 per cent equity stake.

    Market pundits, however, said the rights issue may provide a window for UACN to restructure the share capital of Livestock Feeds to allow for injection of additional funds and technical competence into the operations of the company.

    Chairman, UAC of Nigeria (UACN) Plc, Mr. Dan Agbor, had told shareholders at the annual general meeting in June that the group decided to retain the larger part of its net earnings in 2015 to ensure that it remained in a position to participate in new equity issues that might be launched by its subsidiaries.

    According to him, the board had recommended total dividend of N1.92 billion for the 2015 business year while being mindful of the need to conserve funds so that the group could participate in the rights issues to be undertaken by three of its subsidiaries, including UACN Property Development Company Plc, Livestock Feeds Plc and Portland Paints & Products Nigeria Plc.

    Incorporated as a limited liability company in March 1963, Livestock Feeds converted to a public limited liability company and was quoted on the Nigerian Stock Exchange (NSE) in 1978.

  • Group celebrates World Food Day, feeds 2000 children at Makoko

    In commemoration of this year’s edition of World Food Day, Foodclique Support Initiative, a non-governmental organisation, has distributed food items and gifts to over 2000 children in Makoko Community in Lagos State.

    Co-founder and Secretary of the group, Mr Akerele Hareef, said the development was part of the organisation’s strategy at waging war against hunger in the state.

    Hareef enjoined corporate organisations, individuals and government to use the celebration to step up the advocacy of ending hunger in the society.

    He said: “Hunger is a problem created by social inequalities and if palliative measures are made available to bridge the social gap between the haves and have-nots in the society, with the former being over 75 per cent of the population, the society will be a better place.”

    He identified the measures as provision of food through food banks as it is done in advanced societies.

    Also, Vice President of the body, Ibrahim Onilegbale, said: “Foodclique Support Initiative is celebrating her third edition of the event and we felt that with the growing level of hunger and poverty, there is the need to evolve such initiative to advocate against hunger is imperative.”

    A member of the House of Representatives, representing Ikorodu Federal Constituency 1, Hon Abike Dabiri-Erewa, who commended the organisation for the gesture, said such efforts, if adopted by corporate organisations, would go a long way in ending hunger in the society.

  • Yobo feeds birthday boy Meireles

    Yobo feeds birthday boy Meireles

    SUPER Eagles skipper Joseph Yobo and his Fenerbahce team mates organised a surprise birthday party for one of their own, Raul Meireles who turned 30years-old.

    Despite Fenerbahce playing away to Antalyaspor in a Sports Toto Super League Week 26 game that evening, the players presented the celebrant with a birthday cake.

    An excited Meireles then blew off the candles and did the cutting of the cake to the delight of his mates.

    Yobo and other senior players then took turns to feed the birthday boy with the cake.