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ActionAid Nigeria: Nigeria’s Grim Period, Not Over Yet, Poverty Will Soar
ActionAid Nigeria: Nigeria’s Grim Period, Not Over Yet, Poverty Will Soar
By: Michael Mike
ActionAid Nigeria has warned that the grim period is not yet over in the country, stating that poverty levels are projected to soar.
A statement signed by the Chair, Board of Directors, ActionAid Nigeria, Jummai Umar Ajijola at the weekend after a Review of the State of the Nation, said: “ActionAid Nigeria’s Board of Directors conducted a comprehensive review of the state of the nation during its 52nd meeting and highlighted critical issues affecting the Nation.
“The Board of Directors recognises that Nigeria is grappling with one of its most challenging periods in recent history. The period between December 2023 and March 2024 has been characterised by soaring inflation rates, fluctuating foreign exchange regime, escalating security challenges, electricity shutdown and power failures, and pervasive corruption in all tiers of government, culminating in a dire state of the economy and cost-of-living crisis. Nigeria’s current situation is seemingly grim and poverty levels are projected to soar.
It however recommended that: “The federal government must now take bold and decisive measures to combat the rampant inflation, particularly the soaring food prices, by swiftly implementing robust monetary and fiscal policies. It must also reevaluate subsidy policies on essential commodities like gasoline and electricity to mitigate the adverse impact on the cost of living and ensure equitable distribution of resources. Now is the time for a thorough review of budget allocations to ensure sufficient funding of critical sectors such as health, agriculture, security, and education, while minimising expenditures on debt servicing and expanding and strengthening social welfare programmes.
“Given the increase in the interest rate to 24.75% by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), we urge the Federal Government and CBN to take immediate action to mitigate the adverse effects of the increased interest rates on small and medium-scale enterprises (SMEs), particularly by providing alternative funding sources or financial support schemes for SMEs to access affordable loans.
“In the light of the alarming trend of mass kidnappings, particularly targeting students, internally displaced persons (IDPs), as well as ordinary citizens and health workers, with ransom demands reaching into the millions of naira, we demand that the federal and state governments allocate substantial resources and manpower to bolster security forces and intelligence capabilities. We urge security agencies to mobilise all available resources, enhance coordination between different levels of law enforcement, conduct thorough investigations to apprehend all individuals involved in kidnapping operations, and prioritise the safety and security of communities, schools, roads and IDP camps through increased surveillance and patrols.
“The Board of Directors strongly condemns the alarming allegations of budget padding and the mismanagement of public funds as reported within the Senate. The allegations of corrupt practices within the Ministry of Humanitarian Affairs, involving the two immediate former Ministers, are also appalling. We enjoin all CSOs and Nigerians to join us in reminding and calling out lawmakers and public officers that the welfare and interest of the Nigerian populace supersede their personal agendas. Any endeavors aimed at circumventing this principle or diverting public funds for personal gains warrant prompt and resolute intervention by the Economic and Financial Crimes Commission (EFCC).
“While we applaud the recent anti-corruption efforts of the EFCC, we find the reported actions of some lawmakers and government appointees deeply concerning. Therefore, we ask that the EFCC and ICPC expedite their inquiries into these matters, ensuring that all individuals found culpable are held fully accountable under the law. The judiciary must also expedite legal proceedings and administer fair and impartial judgments in corruption cases and abuse of office without delay to send a clear message that corruption will not be tolerated in our society.”
The ActionAid Nigeria’s Board applauded the deliberate steps being taken by government to guarantee the independence of the judiciary with the appointment, confirmation and swearing in of 11 new justices of the Supreme Court, while praising the recent new salary structure put in place for judicial officers, with the hope that it would enhance the independence and integrity of the judiciary.
It also applauded the Federal Government for the recent appreciation of the Naira, noting that the significant appreciation of the Nigerian Naira against the US dollar reflects the success of collaborative efforts and strategic interventions by the Central Bank of Nigeria (CBN) to stabilize and strengthen our national currency, calling for the continued support and adherence to sound monetary policies, transparency, and accountability in the financial sector to sustain this progress.
It stated that the recurrent breakdowns of the national power grid, coupled with the recent approval by the Nigerian Electricity Regulatory Commission (NERC) to increase electricity tariffs for customers are unacceptable, noting that the elimination of electricity subsidies will significantly compound the hardships endured by ordinary Nigerians, small and medium-sized enterprises (SMEs), and investors, it demands that the Federal Government conduct comprehensive reforms within the energy sector to address the persistent challenges faced by Nigerians, thereby enhancing electricity generation, transmission, and distribution capacities to mitigate power shortages.
It said: “We are also demanding a thorough review of energy subsidy policies to ensure efficiency and equitable distribution of resources, taking into account the impact on low-income households and the broader economy.”
It however commended the readiness to implement the Orosanye report and white paper; but insisted that President Tinubu’s administration ensures it follows through with the implementation of the recommendations in the report and the white paper, stressing that: “This is particularly critical given the President’s overload with 47 Ministers and hundreds of aides, all benefiting from the nation’s resources. The Federal Government must demonstrate commitment to cutting down on executive profligacy and the people must be more proactive in holding their representatives in the National Assembly accountable for their financial recklessness.”
The Board of Directors condemned in strong terms the ambush and killing of 17 military personnel in Okouma, Delta state and ,demands swift and thorough action to bring the perpetrators of the ambush and murder to justice. It called on the Nigerian security forces to intensify their efforts in apprehending those responsible and ensure that they face the full weight of the law, but however stated that in doing this “we enjoin the military to operate within the ambits of the law and respect the rights of the people. Community leaders and residents are implored to assist in these efforts by providing any relevant information they may have and promote peace and dialogue within their communities.”
It urged civil society organisations (CSOs) to amplify their voices and advocate more for accountability, transparency, and social justice in response to the pressing issues in the nation.
ActionAid Nigeria: Nigeria’s Grim Period, Not Over Yet, Poverty Will Soar
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After Boko Haram’s destructions, Governor Buni built modern markets across Yobe
After Boko Haram’s destructions, Governor Buni built modern markets across Yobe
By: Yahaya Wakili
Yobe State is one of the states whose economic activities were destroyed and suffered from the Boko Haram insurgency in the northeastern part of Nigeria, and in its effort to expand the economic activities in the state and also to provide infrastructure facilities to the citizens of the state after recovery from the Boko Haram insurgency. His Excellency, the Executive Governor of Yobe State, Hon. Mai Mala Buni, has built modern markets across the state in order to boost the economy and businesses in the state. The Commissioner of Home Affairs and Information, Hon. Abdullahi Bego, said there are two types of markets that His Excellency built. The first one is the ultramodern markets: one in Potiskum, one in Damaturu, the state capital, one in Geidam, one in Gashu’a, and another one in Nguru town. The major towns of Yobe State have one each of these markets. And also, we have the modern markets: one in Yunusari, one in Machina, one in Ngalda, and one in Buni Yadi, an ongoing project.

The commissioner of Housing and Rural Development, Architect Ahmed Buba, said His Excellency has constructed 9 modern markets across the state; we have 5 ultramodern markets completed with one ongoing, making 6; and also we have 4 modern markets, and Potiskum ultramodern markets have 500 shops, 192 stalls, and 12 warehouses large enough to accommodate about 12 trucks each, and also they have about 3 kilometers of roads and drainages as well as an administration block and praying ground. The markets are opening up economic activities in Yobe State, and with these markets the economy of Yobe is now building up, and then with the modern markets the businesses are fully on course.
Bego said, “Yobe State Woven and Polythene Company has been an existing company for a long time, and His Excellency Governor Mai Mala Buni is retrofitting and rehabilitating it and making it modern and new.” He starts with the structure, renovating and improving the structure and equipment that are already imported; we are just waiting for the arrival. When they come, they will be installed, and work will start. We produce a lot of grains in Yobe as an agrarian state, so we don’t need to buy all the sacks, all the woven sacks, and all the polythene bags that were used for those grains and other things like that. So this company has existed for a long time but is comatose and dormant. His Excellency has decided to breathe a new spirit into it, retrofitting it, reconstructing it, rebuilding it literally, and then providing equipment. As you can see, the number of people is very few in terms of job creation and in terms of economic activities that will be spanned around this area.

The Mega Motor Park: The former motor park, due to the expansion of that place. His Excellency directed the ministry of housing to identify a site far away from the city; from that roundabout we have a bypass, and henceforth motor vehicles do not pass through Damaturu. They can stop here, and from here other vehicles can transport them to the city center. The commissioner of Housing and Rural Development, Architect Ahmed Buba, said, “This is Damaturu Mega Motor Park, with a capacity of about 500 vehicles. We have a drivers’ lodge, which is going to accommodate up to 150 drivers at a time; we have a terminal building; we have a police station outpost; and we have the clinic, restaurant, and quite a few more.”
Engr. Muhammed Abba Hassan, General Coordinator for the project, said, “This project is awarded to Samsun Nigeria Ltd by the Yobe state government. We started this project about 6 months ago. At this level, we have reached almost over 80 percent, and we expect to complete this project within the stipulated contract agreement. Inshallah, by the end of March, this project will be fully completed.” This Damaturu Mega Motor Park is one of the mega motor parks of its type in Nigeria. We have almost every facility here. We have enough accommodation for travelers and accommodation also for drivers. We have a shop complex, we have a fire service, and we have a comprehensive health clinic that can accommodate not only the passengers but also the environment of this town. We can handle it as far as concern goes; we delivered this project within the stipulated period of time.
Township Stadium in Buni Yadi: This township stadium here in Buni Yadi is transforming sport, which will transform sport in Yobe State. The Permanent Secretary of the Ministry of Youth and Sport, Alhaji Gidado Abubakar, said this project was awarded at the end of September last year to Damuli Investment Company Ltd. for the award of contract for the construction of a mini stadium in Buni Yadi. This is a post-insurgency project being awarded by the state government through the window of the Ministry of Youth, Sport, and Community Development. We signed a 6-month mandate giving the contractor the handing over of the project to the ministry for onward utilization, and about 65% of the project has been achieved. The capacity of the mini stadium is about 5,000 to 6,000 pupils; we have a multipurpose fit, we have badminton, basketball, and the other games, and we have about 78 different games in this project, and it is 250 meters by 200 meters, and 75 thousand square meters.
After Boko Haram’s destructions, Governor Buni built modern markets across Yobe
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U.S. and Nigeria Forge Stronger Trade Ties Through New Investment Partnership
U.S. and Nigeria Forge Stronger Trade Ties Through New Investment Partnership
By: Michael Mike
The United States and Nigeria have taken a significant step to deepen commercial relations with the U.S.-Nigeria Commercial and Investment Partnership (CIP), a five-year initiative aimed at boosting trade, investment, and private sector growth.
The partnership was highlighted at a ministerial meeting in Lagos co-chaired by U.S. Deputy Assistant Secretary for the U.S. Commercial Service Bradley McKinney and Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole. The meeting brought together government officials and private sector leaders to review proposed reforms from the CIP Working Groups on Agriculture, Digital Economy, and Infrastructure.

The Working Groups presented strategies intended to improve the business environment, ease trade barriers, and attract investment. McKinney described the proposals as practical measures that could strengthen bilateral trade and create new economic opportunities for both nations.
Oduwole emphasized Nigeria’s commitment to expanding non-oil exports and making local businesses more competitive in global markets. “We are focused on creating sustainable and inclusive opportunities for Nigerian companies to access U.S. markets and beyond,” she said, noting ongoing efforts to implement reforms that make Nigeria’s economy more predictable and investment-friendly.
Senior officials from both countries attended the session, including U.S. Mission Chargé d’Affaires Keith Heffern and Nigeria’s Permanent Secretary of the Ministry of Industry, Trade and Investment, Ambassador Nura Rimi.
The partnership is expected to facilitate continued consultations on trade and investment, encourage two-way investment flows, and support economic growth on both sides of the Atlantic.
In 2024, bilateral trade in goods and services between Nigeria and the United States reached nearly $13 billion. U.S. foreign direct investment in Nigeria also rose to $7.9 billion, reflecting a 25 percent increase from the previous year, making the U.S. one of Nigeria’s top foreign investors.
U.S. and Nigeria Forge Stronger Trade Ties Through New Investment Partnership
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Six killed, others injured, abducted in bandit attack on Tsafe community
Six killed, others injured, abducted in bandit attack on Tsafe community
By: Zagazola Makama
At least six persons were killed and several others injured when armed bandits attacked Kanbiri village via Kwaren Ganuwa in Tsafe Local Government Area of Zamfara on Thursday afternoon.
Residents said the assailants stormed the community at about 2:50 p.m., shooting sporadically and causing panic among villagers.
“They shot many people. Six were confirmed dead on the spot, while others sustained gunshot injuries,” a local source said.
The attackers were also reported to have abducted an unspecified number of residents and taken them to an unknown destination.
Troops and other responders have since moved into the area to evacuate the corpses for burial and to begin efforts to locate and rescue the abducted victims.
Kanbiri and surrounding communities in Tsafe LGA have experienced repeated attacks in recent months, as bandit groups continue to target rural settlements in Zamfara.
Six killed, others injured, abducted in bandit attack on Tsafe community
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