News
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
News
Zulum Donates ₦50m to Family of Fallen Officer, Reaffirms Support for Military Heroes
Zulum Donates ₦50m to Family of Fallen Officer, Reaffirms Support for Military Heroes
By: Michael Mike
Borno State Governor, Babagana Zulum has donated ₦50 million to the family of late Lieutenant Colonel OC Okolo, who was killed during a Boko Haram attack in Mandaragirau, Biu Local Government Area of Borno State, on February 16, 2026.
The gesture comes amid a series of similar interventions by the governor, including a recent ₦150 million donation to families of three military officers who lost their lives in separate attacks across the state.
Zulum reiterated his administration’s unwavering commitment to supporting families of fallen soldiers, describing their sacrifices as invaluable to Nigeria’s security and unity. He assured that his government would continue to identify with and assist families of personnel killed or declared missing in action in the ongoing counter-insurgency operations.
The donation was delivered at a funeral service held in Obinofia Ndiuno, Ezeagu Local Government Area of Enugu State on Firiday. The governor was represented by his Special Adviser on Security, Brigadier General Abdullahi Sabi Ishaq (Rtd), who presented the cash on behalf of the Borno State Government.
Speaking through his representative, Zulum expressed deep sorrow over the officer’s death.

He said: “Lt. Col OC Okolo was a gallant, dedicated and committed officer of the nation whose contributions will not be forgotten,” while extending condolences to the family, friends, and colleagues of the deceased.
He also prayed for the repose of the late officer’s soul and for strength for the bereaved family.
Responding on behalf of the family, Stanley Okolo expressed profound gratitude to the governor for the support and solidarity shown during their time of grief.
@The family members were particularly touched by the cash donation and the delegation sent from Maiduguri to attend the funeral service despite the short notice,” he said.

He further commended the Chief of Army Staff and the General Officer Commanding, 82 Division, for sending representatives to honour the late officer.
The funeral was attended by senior military representatives, including Brigadier General G.A. Suru, representing the Chief of Army Staff, and Brigadier General I.P. Omoke, who represented the Theatre Commander of Operation HADIN KAI, alongside members of the Nigerian Army Officers’ Wives Association (NAOWA) and the host community.
The donation underscores ongoing efforts by the Borno State Government to recognise and support the families of those who have made the ultimate sacrifice in Nigeria’s fight against insurgency.
Zulum Donates ₦50m to Family of Fallen Officer, Reaffirms Support for Military Heroes
News
MSF Ramps Up Emergency Response as Lassa Fever Outbreak Deepens in Benue
MSF Ramps Up Emergency Response as Lassa Fever Outbreak Deepens in Benue
By: Michael Mike
A worsening Lassa fever outbreak in Benue State has triggered an urgent intervention by international medical humanitarian organisation Médecins Sans Frontières (MSF), as rising infections and deaths place severe pressure on already stretched health facilities.
Working in collaboration with the Benue State Ministry of Health, MSF has deployed emergency teams to reinforce infection prevention and control (IPC) measures, following a surge in cases that has exposed critical gaps in healthcare safety systems—particularly affecting frontline workers.
Official data indicate that as of mid-March, the state recorded 410 suspected cases of Lassa fever, with 60 confirmed infections and 14 deaths. Disturbingly, 14 healthcare workers are among those infected, raising serious concerns about inadequate protective measures within treatment centres.
The situation reflects a broader national crisis. The Nigeria Centre for Disease Control and Prevention (NCDC) reports that Nigeria has recorded 167 deaths from Lassa fever in the first 13 weeks of 2026 alone, with a case fatality rate of 25.2 per cent—significantly higher than the 18.5 per cent recorded during the same period in 2025.
Benue State formally declared the outbreak on February 3, 2026, as infections escalated across communities in what is already recognised as one of Nigeria’s high-risk zones for the disease.
Lassa fever, an acute viral haemorrhagic illness endemic in Nigeria, typically peaks between November and April. It is primarily transmitted through contact with food or household items contaminated by infected rodents, but can also spread through direct contact with the bodily fluids of infected persons—making healthcare settings particularly vulnerable when safety protocols are weak.
Responding to the emergency, MSF launched a three-month intervention in March aimed at containing the outbreak and preventing further transmission. The mission was initiated at the request of state authorities, especially in light of rising infections among health workers and persistent shortages of personal protective equipment (PPE).
“Healthcare workers and patients are at significant risk when infection prevention measures are not fully in place,” said MSF Emergency Coordinator, Juniper Gordon. “Strengthening IPC and improving the organisation of care are critical to reducing transmission in health facilities.”
MSF teams are now providing hands-on support in selected facilities, focusing on strengthening clinical practices and improving patient management systems. This includes training healthcare workers on IPC protocols, reorganising triage processes, and establishing clearly defined high-risk and low-risk zones to limit cross-infection.
The organisation is also supplying essential materials, including PPE, hygiene kits, and sanitation supplies, while reinforcing waste management systems and infection control procedures. Handwashing stations are being installed across supported facilities, and surveillance efforts are being strengthened through improved data collection and monitoring.
In a move to support patient welfare, MSF is also providing food assistance to individuals in isolation centres, helping to ease the burden on affected families.
MSF said it is coordinating closely with global and national partners, including the World Health Organization, UNICEF, and the NCDC, to scale up response efforts and curb the spread of the disease.
Despite these interventions, public health experts warn that the outbreak underscores deeper systemic challenges in Nigeria’s healthcare system, particularly in infection control preparedness and rapid response capacity.
MSF Ramps Up Emergency Response as Lassa Fever Outbreak Deepens in Benue
News
Troops arrest 20 suspects, recover cash, electronics in Adamawa raid
Troops arrest 20 suspects, recover cash, electronics in Adamawa raid
By: Zagazola Makama
Troops of 232 Battalion (Tactical) have arrested 20 suspects and recovered cash and electronics during a raid on suspected criminal hideouts in Mubi North Local Government Area of Adamawa State.
Security sources said the operation was conducted at about 5:00 a.m. on April 10 in Agwan Rami and Agwan Mallam areas, following credible intelligence.
The sources disclosed that troops, in collaboration with local hunters, stormed the identified hideouts and apprehended the suspects.
“During the operation, 20 suspects were arrested in criminal hideouts, while others were picked up for loitering during curfew hours,” the source said.
Items recovered include seven mobile phones, eight touch lights, one ThinkPad laptop and the sum of ₦2,137,285, among other items.
The suspects are currently in custody for further investigation and necessary action.
The operation is part of ongoing efforts to curb criminal activities and enforce law and order in Adamawa State.
Troops arrest 20 suspects, recover cash, electronics in Adamawa raid
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