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President Tinubu has instructed the Justice Ministry to collaborate with the National Assembly regarding issues related to tax reform bills. In a statement released by Mohammed Idris, the Minister of Information and National Orientation. The statement reads: “The robust nationwide debate on the new tax reform bills currently before the National Assembly is welcomed, and commendable. It is very inspiring to see Nigerians from all walks of life coming out to express their views and opinions of these matters of critical national importance. This is the very essence and meaning of democracy. “I call on all commentators and groups to keep up the spirit of informed engagement, and to strive to be respectful and understanding at all times despite the diversity of opinions. In the spirit of democratic engagement, there should be no room for name-calling, or for the injection of unnecessary ethnic and regional slurs into this important national conversation. “Similarly, it is important to be aware that there is a lot of misinformation and fake news circulating around the tax bills and the overall reform agenda of the Tinubu Administration. The fiscal reforms will not impoverish any State or region of the country, neither will they lead to the scrapping or weakening of any federal agencies. “Instead, they will bring relief to tens of millions of hardworking Nigerians across the country and empower and position our States and the 774 Local Governments for sustainable growth and development. “President Bola Ahmed Tinubu is implementing an ambitious fiscal reform agenda that will devolve more resources to Nigeria’s State and Local Governments, and ultimately to the Nigerian people, in the spirif of harnessing democracy that works for the people. “It is pertinent to state that the government has nothing sinister to warrant the suggestion that the process is being rushed. In line with the established legislative procedure, the Federal General welcomes meaningful inputs that can address whatever grey areas there may be in the bill. In this vein, President Tinubu has already directed the Federal Ministry of Justice and relevant officials who worked on the drafts to work closely with the National Assembly to ensure that all genuine concerns have been addressed before the bills are passed. “We are indeed witnessing, at this moment in the history of Nigeria, the most far-reaching, impactful and beneficial set of fiscal reforms that Nigeria has seen in decades. “In addition to the four tax bills being debated and deliberated upon, there is also the 2023 Supreme Court ruling on financial autonomy for local governments, which will significantly empower the tier of government that is closest to the Nigerian people. “In all, these reforms will not only facilitate increased revenues (without imposing additional tax burdens on the people), they will also make it possible for citizens to demand and enjoy greater accountability in the management of public resources at all levels of government. “President Tinubu and the administration will continue to champion policies that close the loopholes and gaps through which Nigeria’s valuable public resources have been frittered away for decades. “On top of this necessary foundation, the resources being conserved and realised from these reforms will be invested in critical infrastructure (healthcare, education, transportation, digital technology, etc) and in social investments that will benefit all Nigerians and ensure that no one is left behind. This is the promise and the reality of the Renewed Hope agenda.”

The global Animal Feed Prebiotics market is poised for remarkable expansion, with an estimated valuation of USD 2,184 million by 2024 and an anticipated growth to USD 3,080 million by 2034, reflecting a compound annual growth rate (CAGR) of 5% over the assessment period from 2024 to 2034. View Full Report: https://www.futuremarketinsights.com/reports/animal-feed-prebiotics-market Prebiotics, which are non-digestible feed additives, play a crucial role in enhancing animal health by promoting the growth of beneficial gut bacteria and improving nutrient absorption. As the demand for natural and organic feed alternatives grows, the market for prebiotics derived from natural sources continues to rise. How is Growth in Consumption of Quality Animal-based Products Impacting the Demand for Animal Feed Probiotics Several changes in dietary preferences and consumption patterns of people around the world have been documented, including a move toward the increasing intake of meat and dairy products resulting in increased sales of animal feed probiotics. The rising demand for animal products such as dairy, meat products, and other non-food goods has resulted in escalating demand for animal feed probiotics, boosting the animal feed probiotics industry. Food demand has increased across the world as a result of the fast population growth. Consumers are growing more health-conscious, emphasizing nutrient-dense diets, which are delivered through enhanced feed products provided to animals. The livestock sector is under enormous strain to meet the expanding global demand for high-value animal products demand for animal feed probiotics. Irritable bowel syndrome, viral diarrhea, inflammatory bowel disease, and antibiotic-related diarrhea can all be helped by probiotics in animal feed. This allows animals to get the most nutrition from their feed, improving the quality of animal products without causing a drop in sales of animal feed probiotics. Will Continuous Product Innovation Reduce the Cost of Production of Animal Feed Probiotics in the Long Run? Some of the leading market players such as DuPont, Alltech, and others have stepped up their efforts with different and unique products such as non-bacteria animal feed probiotics. Through the launch of these products and robust marketing strategies, they intend to cater to the increasing demand for animal feed probiotics and sales of animal feed probiotics. Improved sources to manufacture quality feed probiotics, innovative processes, and advanced transportation facilities to reach international customers are different factors aiding cost reduction. Hence the price of animal feed probiotics is expected to reduce further in the global animal feed probiotics industry. Key Market Insights • Cattle and Poultry Lead the Way: With the increasing demand for meat and dairy products, cattle and poultry remain significant application segments in the animal feed market. The focus on improving productivity in these sectors drives the demand for prebiotic feed additives. • Innovative Research Partnerships: Major companies are collaborating with research institutes to innovate within the prebiotics market. For instance, Cargill’s partnerships with academic institutions enhance their feed technology leadership, fostering productivity and profitability in animal feed. • Market Dynamics: The first half of the decade (2024-2034) is projected to see a 5% CAGR, increasing to 6% in the second half. This trend reflects the ongoing innovations and growing demand for sustainable and efficient feed solutions. Highlighting Key Trends • Yeast-based Prebiotics: Manufacturers are increasingly focusing on yeast-based prebiotics, which have shown significant benefits in enhancing animal health and productivity. These products serve as alternatives to antibiotics, addressing regulatory concerns and promoting gut health. • Sustainable Ingredients: There is a shift towards naturally sourced ingredients, which not only improve profitability but also contribute to sustainable nutrition. Products like BeneoCarb exemplify this trend, offering functional solutions that enhance animal performance. • Global Sales Trends: The global sales of animal feed prebiotics increased at a CAGR of 7% from 2019 to 2023, driven by rising awareness of animal health and sustainable farming practices. Key Takeaways from the Animal Feed Prebiotics Market • The Animal Feed Prebiotics market is expected to grow from USD 2,184 million in 2024 to USD 3,080 million by 2034, with a 5% CAGR. • Cattle and poultry are the primary segments driving prebiotic demand due to increasing meat and dairy consumption. • Yeast-based prebiotics are emerging as effective substitutes for antibiotics, enhancing animal health and productivity. • There is a rising preference for naturally sourced ingredients in animal feed to support sustainability and performance. • Collaborations between industry leaders and research institutions are fostering innovation in prebiotic products. “The global animal feed market is increasingly shaped by the cattle and poultry sectors, propelled by the growing demand for dairy, meat, and egg products. This phenomenon underscores the imperative to refine feed formulations to enhance both livestock productivity and health.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.

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Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has firmly asserted that President Bola Tinubu’s reforms in the foreign exchange and oil and gas sectors are irreversible. Edun shared this information during a meeting with Doris Uzoka Anite, the newly appointed Minister of State for Finance, at the Ministry’s headquarters on Monday. He said, “Nigeria now have a foreign exchange rate that is market based and also a deregulated oil market pricing which are two reforms that are long overdue over many decades that President Tinubu is currently implementing. “Therefore as co-ordinating minister of economy, we stand on a threshold of a new dawn to implement these reforms and increase productivity, create jobs and reducing poverty and we are glad to have a minister of state that will help in actualizing the President’s reforms.”

"Alhaji Atiku's ideas, which lacked details, were rejected by Nigerians in the 2023 poll." - Presidency Response to Alhaji Atiku Abubakar. In a statement released by Bayo Onanuga Special Adviser to President Tinubu. Statement reads: “We have just read a statement credited to former vice president Alhaji Atiku Abubakar, in which he tried to discredit President Bola Tinubu's economic reform programmes while pushing his untested agenda as a better alternative. “First, Alhaji Atiku's ideas, which lacked details, were rejected by Nigerians in the 2023 poll. “If he had won the election, we believe he would have plunged Nigeria into a worse situation or run a regime of cronyism. “Abubakar lost the election partly because he vowed to sell the NNPC and other assets to his friends. Nigerians have not forgotten this, nor would they be comforted by Atiku’s antecedents when he ran the economy in the first term of President Olusegun Obasanjo’s government between 1999 and 2003. “As vice president, Atiku supervised a questionable privatisation programme. He and his boss demonstrated a lack of faith in our educational system, and both went to establish their universities while they allowed ours to flounder. “Talk is cheap. It is easy to pontificate and deride a rival’s programmes even when there are irrefutable indices that the economic reforms yield positives despite the temporary difficulties. “Despite the futile attempt to hoodwink Nigerians again in his statement, it is gratifying that the former Vice President could not repudiate the economic reforms pursued by the Tinubu administration because they are the right things to do. “His advocacy for a gradualist approach only showed that he was not in tune with the enormity of problems inherited by President Tinubu. “It is so easy to paint a flowery to-do list. It is expected of an election loser. “President Tinubu met a country facing several grave challenges. Fuel subsidies were siphoning away enormous resources we could ill afford, and there was criminal arbitrage in the forex market. “No leader worth his name will allow these two economic disorders to persist without moving to end them surgically. “While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been taken decades ago by Alhaji Abubakar and his boss when they had the opportunity. “Alhaji Abubakar calls for empathy and a human face to reforms. We have no problem with this as it resonates well with our administration's focus. President Tinubu has consistently emphasised the need for compassion and protection of the most vulnerable. “The administration has prioritised social safety nets and targeted support for those affected by recent economic transitions.”

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*RUSSIA'S FOREST* Russia has the world's largest area of forests. The Russian forestry industry is a set of Russian industries related to wood harvesting and processing. As one of the oldest sectors in the country's economy, Russia's timber industry continues to bring in about $20 billion per year. Russia has more than a fifth of the world's forests, making it the largest forest country in the world. According to data for 2015, the total forest area has exceeded 885 million hectares, representing 45% of the total area of the country. The stock of wood in the area was 82 billion cubic meters. A significant proportion of revenue from the industry is generated by the export of raw materials from sawing logs. For a long time, Russia was the main supplier of raw wood materials in Europe. However, according to a 2012 study by the Food and Agriculture Organization of the United Nations and the Government of the Russian Federation, the potential of Russian forests is underutilized, and Russia's share of the global trade in forest products is less than 4%. As part of Russia's total industrial production, Russia's timber industry sectors are in seventh place in terms of production and fifth place in terms of national exports. The main product of Russia's forest industry is timber, whose share of the total volume of exported timber is approximately 75 - 80%. The logging industry is considered to be the basic direction of the whole forest complex. By the end of the 1980s, the USSR ranked second in the world in the export of wood, second only to the United States. As a result of numerous economic changes throughout the past decade, Russia has moved between 6th and 7th place worldwide in this index. Source: Ultimate Facts 🖼️https://unsplash.com/photos/a-view-of-a-mountain-through-the-trees-2flwVxktGPs?utm_content=creditShareLink&utm_medium=referral&utm_source=unsplash By *Muhammad Dangiwa*

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