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ActionAid Nigeria Responds to CBN’s Interest Rate Hike, Highlights Economic Implications and Proposes Solutions
ActionAid Nigeria Responds to CBN’s Interest Rate Hike, Highlights Economic Implications and Proposes Solutions
By: Michael Mike
ActionAid Nigeria acknowledges the Central Bank of Nigeria’s (CBN) recent decision to raise the Monetary Policy Rate (MPR) to 26.25%, as announced by Governor Yemi Cardoso during the 295th Monetary Policy Committee (MPC) meeting. This marks the third consecutive increase aimed at curbing the surging inflation, which currently stands at 33.69%.
Speaking at its head office in Abuja, ActionAid Nigeria’s Country Director, Andrew Mamedu, noted that, “While the decision to adjust the MPR demonstrates a proactive approach to achieving price and economic stability, it is important to acknowledge its broader implications. We recognise that although inflation is still rising, the month-on-month rate increase is reducing. In the other hand, the increased MPR will inevitably lead to higher borrowing costs for businesses and individuals. Small and Medium-sized Enterprises (SMEs), which are the backbone of our economy, will face heightened challenges in accessing affordable credit. This could stifle innovation, growth, and job creation within this vital sector.
For vulnerable populations, the rising cost of living and food prices, exacerbated by higher interest rates, will further strain their already limited financial resources. This becomes a case of double jeopardy of high inflation and high interest rates. As the cost of borrowing increases, so does the difficulty in securing loans for essential needs, pushing many deeper into poverty.”
To mitigate the impacts of the increase in interest rates and inflation, ActionAid Nigeria proposes that the Federal and State Governments must immediately step-up social protection programs to support the most vulnerable populations. This includes expanding food assistance initiatives, providing targeted financial aid to low-income families, and offering more support to other social sectors, including education, health, and housing.
Andrew Mamedu also reiterated that “It is only fair for the CBN to increase special credit facilities with lower interest rates for SMEs at this crucial time to ensure they can continue to operate and grow. Providing technical and financial support to these businesses will help them sustain their contributions to the economy. Additionally, not many people understand the implications of this hike in interest rates. It is very important for the CBN to collaborate with the National Orientation Agency (NOA) to engage with the public and stakeholders to explain the rationale behind these economic policies. This will foster understanding and patience and enhance transparent communication from the government to manage expectations and build trust and get the citizens to hold greedy businesses and individuals accountable from exploiting the system.
The country director concluded that the fiscal aspects of the economy need to complement the CBN’s efforts in managing monetary policy. This includes improving the ease of doing business, implementing progressive taxation, and ensuring effective budgeting and budget utilisation.
ActionAid Nigeria remains committed to working with the government, private sector, and civil society to address these challenges and promote a more inclusive and resilient economy.
ActionAid Nigeria Responds to CBN’s Interest Rate Hike, Highlights Economic Implications and Proposes Solutions
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Rising tension in Katsina as CJTF personnel fatally shoot father of bandit leader in Malumfashi
Rising tension in Katsina as CJTF personnel fatally shoot father of bandit leader in Malumfashi
By: Zagazola Makama
The fragile peace in Malumfashi Local Government Area of Katsina State has been threatened following the fatal shooting of Alhaji Ibrahim Nagode, 60, by Civilian Joint Task Force (CJTF) personnel.
Nagode, a resident of Na’alma village, is the father of a known bandit leader, Haruna Ibrahim, also called “Fada”.
Sources told Zagazola Makama that the shooting occurred as Fada was returning to his village, following a recently brokered peace accord between bandits and the communities in Malumfashi.
Security sources said the area had been on high alert after intelligence suggested that suspected armed bandits were regrouping in the locality.
In a bid to prevent renewed attacks, the joint troops were deployed to intensify patrols as proactive measure to forestall any hostile activity,” a security source said. However, the operation reportedly resulted in the tragic death of Nagode.
The Department of State Services (DSS) has arrested all CJTF personnel involved in the incident.
Sources said that the authorities are monitoring the situation closely, warning that the death of the bandit leader’s father could escalate tensions in the region.
The sources expressed concern over the potential for retaliation, emphasizing the importance of dialogue and adherence to peace accords to prevent further bloodshed.
Meanwhile security operatives have called on residents to remain vigilant and report suspicious movements in their areas.
Rising tension in Katsina as CJTF personnel fatally shoot father of bandit leader in Malumfashi
News
WFP: Recent Surge in Insecurity Driving Hunger to Level Never Before in Nigeria
WFP: Recent Surge in Insecurity Driving Hunger to Level Never Before in Nigeria
By: Michael Mike
Growing instability across northern Nigeria, including a surge in attacks, is driving hunger to levels never seen before, the United Nations World Food Programme (WFP) has warned.
The warning follows the release of the latest Cadre Harmonisé, a regional food security analysis that classifies the severity of hunger, which found that nearly 35 million people are projected to face severe food insecurity during the 2026 lean season, the highest number recorded in Nigeria.
WFP, in a statement on Tuesday, said attacks by insurgent groups in Nigeria have intensified throughout 2025. Jama’at Nusrat al-Islam wal-Muslimin (JNIM), an al-Qaeda affiliate, reportedly carried out its first attack in Nigeria last month.
Meanwhile, the insurgent group Islamic State in West Africa Province (ISWAP) is said to be pursuing its expansion across the Sahel. Other recent incidents include the killing of a brigadier soldier in the northeast and attacks on public schools in the north, where several teachers and hundreds of schoolgirls remain missing.
“Communities are under severe pressure from repeated attacks and economic stress,” said David Stevenson, WFP Country Director and Representative in Nigeria.
He said: “If we can’t keep families fed and food insecurity at bay, growing desperation could fuel increased instability with insurgent groups exploiting hunger to expand their influence, creating a security threat that extends across West Africa and beyond.”
The statement lamented that Northern Nigeria is experiencing the most severe hunger crisis in a decade with rural farming communities the hardest hit. Nearly six million people in the north are projected to face crisis levels of hunger or worse during the 2026 lean season – June to August – in the conflict zones of Borno, Adamawa and Yobe states.
It added this includes some 15,000 people in Borno State who are expected to confront catastrophic hunger (Phase 5, famine-like conditions). Children are at greatest risk across Borno, Sokoto, Yobe and Zamfara, where malnutrition rates are highest.
It said the dire situation has been compounded by funding shortfalls that diminish WFP’s ability to provide life-saving assistance. In the northeast – where nearly one million people depend on WFP’s food and nutrition assistance – WFP was forced to scale down nutrition programmes in July, affecting more than 300,000 children. In areas where clinics closed, malnutrition levels deteriorated from “serious” to “critical” in the third quarter of the year.
It however assured that despite soaring needs, WFP will run out of resources for emergency food and nutrition assistance in December. Without urgent funding, millions will be left without vital support in 2026, risking more instability and deepening a crisis that the world cannot afford to ignore.
WFP: Recent Surge in Insecurity Driving Hunger to Level Never Before in Nigeria
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ActionAid Laments the Use of Social Media to Silence Women and Girls in Nigeria
ActionAid Laments the Use of Social Media to Silence Women and Girls in Nigeria
By: Michael Mike
ActionAid Nigeria (AAN) has decried that social media and digital platforms intended to empower, are increasingly exploited to harass, stalk, and silence women and girls. In Nigeria.
AAN in a statement on Tuesday to commemorate the start of the 16 Days of Activism Against Gender-Based Violence with the theme, “UNiTE to End Digital Violence Against All Women and Girls.” signed by its Country Director, Dr. Andrew Mamedu lamented that digital threat compounds the physical dangers girls face in schools amid rising insecurity, creating a dual crisis that demands immediate and collective action.
Mamedu said: “ActionAid Nigeria has long championed safe spaces for women and girls through initiatives such as our Safe Cities project, Women’s Voice and Leadership Nigeria project, the Renewed Women’s Voice and Leadership project, Local Rights Programme and community-based GBV response programs across 21 states and the FCT. In a nation where one in four girls experience sexual violence before the age of 18, the combination of physical and online threats is a crisis that deprives our girls of safety, education, and their future.
“We UNiTE today to break this cycle, fortifying schools against physical violence and abduction, while safeguarding digital spaces from virtual predators.”
He lamented that Nigeria’s education system, intended to be a safe environment for learning, is increasingly under threat. The abduction of 25 students and the killing of a vice-principal at Government Girls Comprehensive Secondary School in Maga, Kebbi State, underscores the fear gripping many northern communities.
He further decried that across the country, schools in Kwara, Niger, Plateau, Bauchi, Kebbi, and 41 Unity schools have closed due to insecurity, forcing children out of classrooms. UNICEF reports that 60% of out-of-school children in northern Nigeria are girls, a figure likely to rise as insecurity persists. Survivors of abductions are often subjected to sexual and domestic slavery, while perpetrators extend their threats online, amplifying fear and intimidation.
He noted that Technology-Facilitated Gender-Based Violence in Nigeria takes many forms, including cyberstalking, non-consensual sharing of intimate images, deepfakes, doxxing, sextortion, and persistent online harassment, insisting that these abuses isolate and shame women and girls, disrupting their education, work, and social participation.
A 2024 UNFPA report indicates that between 16% and 58% of women and girls worldwide experience TFGBV, with Nigeria recording over 6,000 GBV cases in the first five months of 2024 alone.
He said Tech-enabled abuse has real and tangible impacts, particularly on women and girls already marginalised by factors such as ethnicity, disability, or geography. Reports from organisations including Hivos and the Development Research and Projects Centre (dRPC) show that TFGBV intensifies trauma, suppresses voices, and perpetuates cycles of poverty.
H noted that ActionAid Nigeria, alongside women’s rights organisations, survivors, and communities across the country, calls on the Federal Government, State Governments, the National Assembly, law enforcement agencies, regulatory bodies, and international partners to urgently take the following actions:
Domesticate and implement the African Commission Resolution 522 (2023) on protection from internet-based violence; Arrest and prosecute perpetrators of school abductions to reduce insecurity in educational institutions; Establish a National Task Force on Technology-Facilitated Gender-Based Violence to coordinate prevention and response efforts; Allocate specific budget lines for the digital safety of women and girls in the 2026 appropriation; Strengthen survivor-centred reporting and justice mechanisms for both physical and online gender-based violence.
ActionAid Nigeria called on all Nigerians to recognize that the safety of women and girls is the responsibility of every individual, community, and institution, stressing that together, we must act decisively to ensure every girl can learn, live, and thrive free from fear, both online and offline.
ActionAid Laments the Use of Social Media to Silence Women and Girls in Nigeria
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