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ActionAid Blames Government for Economic Woes
ActionAid Blames Government for Economic Woes
By: Michael Mike
ActionAid Nigeria has commended the government for exempting small businesses, manufacturers, and farmers from withholding tax, a move that acknowledges the critical role of local industries and Small and Medium Enterprises (SMEs) in driving economic growth and development.
The ActionAid in a statement on Wednesday while acknowledging the beauty of government’s move, sound a clarion call on the looming hunger crisis and pervasive insecurity in Nigeria and said the government should be held accountable for its inaction.
The statement read: “The continuous interest rate hike by the Central Bank of Nigeria, aimed at curbing inflation, has unfortunately not yielded the desired results. While the hikes were intended to reduce inflation, prices continue to soar, leaving many Nigerians struggling to make ends meet.
“Aliko Dangote, Chairman and CEO of the Dangote Group, has warned that the interest rate hike will have devastating consequences for businesses, making it nearly impossible for them to survive. The Manufacturers Association of Nigeria (MAN) has echoed Dangote’s concerns, calling for policies that support local industries. This highlights the need for a comprehensive review of the tax regime to ensure it is fair, equitable, and supportive of local industries.
“ActionAid Nigeria believes that the focus on interest rates alone is misplaced and that the root cause of inflation lies in the production sector. To truly tackle inflation, ActionAid Nigeria urges the government to prioritize production and address the obstacles facing small business owners and farmers, including insecurity and lack of access to credit.
“ActionAid Nigeria also calls for grants and low-interest loans for Small and Medium-sized Enterprises (SMEs) to be able to expand and thrive in this economy, as it is the biggest way to tackle poverty. They are the backbone of our economy and supporting them is crucial to addressing the hunger crisis and promoting economic growth. ActionAid Nigeria demands that the government take immediate action to address the pervasive insecurity, including investing in community-led peacebuilding initiatives and providing support to victims of violence. Moreover, small business owners and farmers need access to credit to expand their operations and increase production. We urge the government to implement policies that provide affordable credit to SMEs and support sustainable agriculture practices.”
ActionAid Nigeria demanded that the government expand the tax brackets for multinationals and big companies, as well as reduce tax holidays for them, insisting that: “The government needs to revisit the tax policies that have allowed multinationals to exploit our resources while paying minimal taxes. This is unacceptable and perpetuates inequality. The nation needs a fair and progressive tax system that ensures everyone contributes their fair share.
“In addition, ActionAid Nigeria is deeply concerned about the impact of insecurity on smallholder women farmers, who are critical to Nigeria’s food security. A recent survey conducted by ActionAid Nigeria across the country revealed that 73% of smallholder women farmers affirmed that insecurity has affected their food production, with many reporting loss of crops, livestock, and farming equipment due to violent attacks.
“This is unacceptable and demands immediate attention from the government.
Furthermore, tackling food insecurity is crucial to addressing the hunger crisis, and ActionAid Nigeria calls on the government to invest in agriculture and support small-scale farmers to increase food production and availability. Moreover, addressing poverty and inequality is critical, and ActionAid Nigeria demands investments in social protection programs and progressive taxation to ensure all Nigerians have access to the resources they need to thrive.
In conclusion, while ActionAid Nigeria commends the government for the withholding tax exemptions, it urges the government to take bold and immediate action to address the looming hunger crisis, pervasive insecurity, and obstacles to production.”
The statement added that: “ActionAid Nigeria will continue to push for policies and actions that prioritize the needs of the people, not just the interests of the few. The future of our country and its people is at stake, and we must act now.”
ActionAid Blames Government for Economic Woes
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COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
By: Our Reporter
The Managing Director of the Nigerian Education Loan Fund NELFUND, Akintunde Sawyerr, has visited Borno State to engage with students, educators, and government officials, highlighting the benefits of the NELFUND initiative.
NELFUND, an initiative of President Bola Ahmed Tinubu’s Renewed Hope Agenda, aims to provide all higher institution students with access to financial resources, enabling them to pursue their educational goals and aspirations at ease.
The Managing Director NELFUND Akintunde Sawyerr emphasized his commitment to revitalizing education in the country, stating that the loan programme is designed to also reduce unproductivity and unhappiness amongst Nigerians students, which often lead to broader societal issues.
Sawyerr explained The loan’s modalities, which include creating an online profile as a prerequisite for application, clarifying that the loan is interest-free and does not require a fixed repayment period, making it accessible and flexible for students.
Borno State Commissioner for Education, Science, Technology, and Innovation, Lawan Abba Wakilbe, reiterated the state government’s commitment to facilitating student access to the loan, hence announced the establishment of a dedicated desk officer for NELFUND in the state Ali Sherriff to work in collaboration with the Special Adviser to governor Zulum on Higher Education and other educators.
This initiative, Wakilbe added will guide students throughout the application process and ensure they fully understand THE benefits of the loan, which he described as a low-risk grant and encouraged all eligible students to take advantage of the programme.
During the session, questions were raised seeking further clarification, where the Managing Director provided detailed responses, shedding more light on the programme and its benefits.
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
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STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
By: Our Reporter
The Nigerian Army Resource Centre (NARC), Abuja, marked yet another significant milestone, as participants of the Strategic Leadership Programme Phase 11/2024 successfully graduated in a brief but colourful ceremony at Hall C, TY Buratai Block of the Centre.
The graduation ceremony followed an intensive five-day executive education course programme, conducted in collaboration with King’s College London, an initiative designed to enhance human resource capacity and deepen participants’ understanding of leadership in an evolving global environment.
The course brought together senior officers of the Armed Forces of Nigeria, government officials, retired senior military officers and professionals from the private sector, equipping them with critical insights into the contemporary complex and dynamic challenges and how to navigate through.
The Special Guest of Honour, Acting Chief of Army Staff, Lieutenant General OO Oluyede GSS mni was represented by the Chief of Training (Army), Major General SG Mohammed, who presented certificates to the participants, thus underscoring the programme’s importance in fostering strategic thinking and professional growth.
The event was further enriched by the esteemed presence of the Director General of NARC, Major General GA Wahab (Rtd), PhD, alongside some management staff the centre and consultants, distinguished members of academia from King’s College London, directors, resource persons, and senior officers, both serving and retired.
The ceremony, further highlighted the enduring partnership between NARC and King’s College London in advancing leadership excellence and human capital development in Nigeria.
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
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MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
By: Our Reporter
On Thursday, 21st November 2024, the Nigerian Army Resource Centre (NARC), Abuja, welcomed students from Madonna University, Department of International Relations on an academic field trip designed to enhance their understanding of the practical dimensions of International Relations and Diplomacy. The visit formed a core part of the students’ academic programme, specifically their International Relations Study (IRS) 482 course, which integrates practical learning to bridge the gap between theory and real-world applications.
Major General GA Wahab (rtd) PhD, the Director General of NARC, delivered a compelling presentation titled “Impact of the Military on Nigeria’s External Relations.” He outlined the military’s significant contributions to Nigeria’s foreign policy and international engagement, emphasising its role as a crucial pillar of national power. General Wahab further explained that a country’s foreign policy is deeply influenced by internal factors such as leadership, national security, public opinion, economic conditions, and social structures, as well as external factors, including international relations and global order. He stressed the importance of aligning internal stability with foreign policy goals to foster effective international diplomacy.
The interactive session allowed students to explore the military’s strategic role in Nigeria’s external engagements and its impact on global diplomacy. Accompanied by two faculty members, the students expressed appreciation for the hands-on learning opportunity, which deepened their understanding of how theoretical concepts translate into practical realities.
In his vote of thanks, the team leader, Dr Jude Odigbo, Head, international relations department, thanked the DG NARC for the warm reception, wonderful and enriching presentation and the collaboration between academia and strategic institutions like NARC. He highlighted the importance of such partnerships in developing graduates equipped with practical knowledge and leadership skills necessary for national development.
The field trip underscored the Nigerian Army Resource Centre’s commitment to fostering academic and professional collaboration while promoting awareness of the military’s multifaceted contributions to Nigeria’s development and diplomacy. This initiative serves as an exemplary model of how academic institutions and national establishments can work together to prepare future leaders.
Present at the occasion were Major General AS Ndalolo mni, the Executive Director Consult at NARC, Brigadier General SK Usman (rtd) mni and Lieutenant Tosin Taiwo.
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
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