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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
News
EU Unveils Major Investment Drive in Nigeria with €290m Global Gateway Package and €50m Health Manufacturing Facility
EU Unveils Major Investment Drive in Nigeria with €290m Global Gateway Package and €50m Health Manufacturing Facility
By: Michael Mike
The European Union has announced a significant expansion of its strategic partnership with Nigeria, unveiling a €290 million investment package under its Global Gateway Strategy to support digital infrastructure, healthcare manufacturing, agricultural value chains and migration management.
The announcement was made during the Eighth Nigeria–EU Ministerial Dialogue held in Abuja and co-chaired by Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar and the EU High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission, Kaja Kallas.
European officials said the seven new investment operations demonstrate a renewed political commitment to deepen cooperation between both partners while supporting Nigeria’s development priorities.
“In the current geopolitical context, the European Union is keen to enhance its partnership with Nigeria,” Kallas said. “Bringing more EU investment to Nigeria, aligning with the Renewed Hope agenda for the Nigerian Federal Government is a key priority for both sides.”
The EU Commissioner for International Partnerships, Jozef Síkela, said the investments are designed to support long-term economic growth while strengthening critical sectors.
“Together with Nigeria, we are investing in the modernisation of the digital sector, a stronger health system and in the development of agriculture,” Síkela said. “These Global Gateway investments create quality infrastructure, sustainable jobs and long-term economic opportunities that benefit the Nigerian people while also creating new opportunities for Europe.”
The digital sector received the largest share of the investment package, with €131 million earmarked for improving connectivity, expanding digital services and strengthening digital skills.
Under the programme, the EU will support the rollout of approximately 90,000 kilometres of fibre-optic cable across Nigeria in partnership with the European Bank for Reconstruction and Development.
The project aims to deliver secure and affordable internet access to an estimated 33 million Nigerians who currently lack reliable connectivity.
It will also support the development of secure and interoperable digital public infrastructure and contribute to Nigeria’s technical talent development initiative aimed at training millions of digital professionals.
Alongside the broader investment package, the development arm of the European Investment Bank, EIB Global, signed a €50 million financing agreement with the Bank of Industry to boost healthcare manufacturing in Nigeria.
The facility will support local companies producing pharmaceuticals, vaccines, diagnostic products and other medical devices through a dedicated credit line aimed at addressing financing gaps in the sector.
The agreement was announced in the presence of senior officials including the Bank of Industry’s Managing Director and Chief Executive Officer, Olasupo Olusi, Nigeria’s Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, and the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot.
Olusi said the initiative represents a major step toward building Nigeria’s domestic pharmaceutical and medical manufacturing capacity.
“This partnership marks a pivotal step in Nigeria’s journey from being a major importer of essential health commodities to becoming a competitive producer within regional and global value chains,” he said.
“By mobilising long-term patient capital into local pharmaceutical, vaccine and diagnostics manufacturing, we are not only strengthening health security but also catalysing industrial growth, skills development and high-quality job creation.”
The initiative is financed under the Human Development Accelerator programme backed by the European Commission and implemented by the European Investment Bank in partnership with the Bill & Melinda Gates Foundation.
Vice President of the European Investment Bank, Ambroise Fayolle, said the partnership demonstrates the EU’s commitment to strengthening health systems across Africa.
“By financing the development and local manufacture of essential medicinal and nutritional products, we enhance access to affordable, safe and high-quality treatments for diseases while improving the resilience of supply chains,” Fayolle said.
The EU investment package also includes €86 million to support agricultural development, particularly in Nigeria’s cocoa and dairy value chains.
The financing will provide easier access to credit for smallholder farmers and agribusiness companies through the Bank of Industry while supporting climate-smart agriculture policies and sustainable production.
Officials said the initiative aligns with Nigeria’s ambition to expand dairy production and strengthen cocoa exports to European markets.
Another €16 million will support migration management programmes, including reintegration support for returning migrants and efforts to combat human trafficking networks.
The funding will provide social, economic and psychological assistance for voluntary returnees while strengthening Nigeria’s capacity to tackle smuggling and trafficking networks.
The latest commitments build on earlier EU investments in Nigeria in sectors including urban transportation in Lagos, renewable energy, democratic governance and programmes to combat gender-based violence.
With the new package, total Team Europe commitments to Nigeria since 2025 have reached €962.5 million.
Officials said the growing portfolio highlights the EU’s intention to deepen economic cooperation with Nigeria while promoting sustainable development, industrialisation and private sector growth.
The European Investment Bank alone has invested more than €2.3 billion in Nigeria since beginning operations in the country in 1978, supporting projects in infrastructure, climate resilience, innovation, agribusiness and small business financing.
European officials said the new investments are expected to strengthen Nigeria’s capacity to build resilient industries, create jobs and expand opportunities for regional trade across West Africa.
EU Unveils Major Investment Drive in Nigeria with €290m Global Gateway Package and €50m Health Manufacturing Facility
Ex-civilian joint task force member arrested for threatening family with rifle in Plateau
By: Zagazola Makama
Troops of Operation Enduring Peace have arrested a former member of the Civilian Joint Task Force (CJTF) in Bassa Local Government Area of Plateau State for threatening a family member with a firearm.
According to sources, the arrest occurred at about 0700 hours on March 22 at Maraban Zallaki village, where the ex-CJTF member was found in possession of a locally made rifle and two live.
“The suspect was reportedly threatening to shoot a family member of his ex-wife when troops intervened,” the sources said.
Preliminary investigations revealed that the suspect is mentally unstable.
He, along with the recovered firearm and ammunition, is currently in troops’ custody for further investigation and appropriate action.
Ex-civilian joint task force member arrested for threatening family with rifle in Plateau
Army arrests four suspects over attempted transformer vandalism
By: Zagazola Makama
Troops of Operation Udo Ka have arrested four suspects in Afikpo Local Government Area of Ebonyi State for attempting to vandalize a transformer at the SETRACO live camp in Amasiri.
According to source, at about 0650 hours on March 21, troops from 24 Special Engineering Regiment and 2 Works Battalion responded to a distress call from the camp’s Public Relations Officer about a suspected individual trying to tamper with a transformer.
“On arrival, troops confirmed that one suspect had been apprehended by camp security personnel while attempting to carry out the act,” the source said.
Preliminary interrogation of the suspect led to the arrest of three additional accomplices and the recovery of a large quantity of copper wires, aluminum cables, batteries, cutting tools, and other equipment believed to be intended for theft or vandalism.
The suspects and recovered items are now in the custody of the troops for further investigation and appropriate legal action.
Army arrests four suspects over attempted transformer vandalism
EU Unveils Major Investment Drive in Nigeria with €290m Global Gateway Package and €50m Health Manufacturing Facility
Ex-civilian joint task force member arrested for threatening family with rifle in Plateau
Army arrests four suspects over attempted transformer vandalism
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