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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
News
Tonlagha: Forged in the Creeks, Bridging Nigeria to the World
Tonlagha: Forged in the Creeks, Bridging Nigeria to the World
•Quiet Power, Citizen Diplomacy and the Promise of Nigeria
By Jude Obioha
In a country where activism often clashes with national cohesion and where loud voices frequently overshadow steady hands, Matthew Tonlagha represents a rare Nigerian archetype. This bridge builder fights fiercely for his people while working tirelessly for the peace, stability and economic future of Nigeria. His journey from the creeks of the Niger Delta to global engagement is not merely a personal success story. It is a powerful narrative of resilience, citizen diplomacy and quiet nation-building.
Tonlagha’s story begins not with privilege but with adversity. Born into a disciplined military family in Delta State, his early life was marked by profound physical challenges after complications from an ill-administered polio vaccine impaired his mobility. For nearly a decade, he depended on his mother’s strength to attend school and navigate daily life. Social stigma, financial hardship and the early loss of his father could have silenced his ambitions. Instead, these experiences forged in him a deep empathy for the vulnerable and an unyielding commitment to service. His eventual recovery and rise stand today as a testament to resilience; a personal struggle transformed into a lifelong mission for collective empowerment.
From his earliest activism in the Benikrukru community in the Gbaramatu Kingdom of Delta State, Tonlagha distinguished himself not only as a protester but also as an intellectual force behind the Niger Delta emancipation struggle. He confronted exploitation and neglect with courage, yet consistently advocated peaceful engagement, negotiation and constructive dialogue. Like many iconic leaders who understood that lasting change requires both firmness and foresight, he pursued justice for the Niger Delta without undermining Nigeria’s unity. This duality—fighting for regional equity while championing national stability—has defined his leadership philosophy.
His grassroots activism evolved into entrepreneurship and indigenous industrial growth through MATON Engineering Nigeria Limited, a company that has become a major employer and a driver of local capacity development. But Tonlagha’s influence extends far beyond boardrooms. As Vice Chairman of Tantita Security Services Nigeria Limited, he emerged as a critical private-sector partner in Nigeria’s oil security architecture. The success of efforts to curb oil theft, protect pipelines and restore production levels has had direct implications for national revenue, economic recovery and investor confidence. In a sector long plagued by instability, his role has been central to fostering sustained economic growth.
Yet perhaps the most compelling aspect of Tonlagha’s legacy is his understated philanthropy. He is a quiet humanitarian who has been funding scholarships, supporting widows and orphans, empowering youth through vocational training, and sustaining free feeding programmes without fanfare. His giving is not performative; it is rooted in lived experience and a belief that dignity must accompany assistance. This approach reflects a leader who remembers the pain of exclusion and seeks to build systems that offer opportunity rather than dependence.
Beyond Nigeria’s borders, Tonlagha has emerged as an informal yet effective citizen diplomat. Through international engagements and policy advocacy, he contributes to shaping Nigeria’s global image, strengthening bilateral conversations and promoting economic diplomacy. In an era when official channels alone cannot capture the full spectrum of global influence, individuals like Tonlagha help bridge gaps by advancing national interests while fostering international goodwill. His work underscores a new model of diplomacy in which private citizens complement formal statecraft, thereby reinforcing Nigeria’s strategic standing on the global stage.
What sets Tonlagha apart is not only the breadth of his engagements but the philosophy underpinning them. He embodies a generation of Nigerian leaders who believe that peace in the Niger Delta is complementary to Nigeria’s prosperity and that local development should align with national progress. His early activism against exploitation, including dramatic acts of defiance that drew attention to neglected communities, gradually evolved into a more nuanced strategy; one that combines dialogue, economic empowerment and security collaboration.
As he marked his golden jubilee in 2026, the outpouring of recognition from community leaders, national figures and global stakeholders revealed a man whose impact has long been felt but rarely publicised. Friends and admirers describe him as a peacemaker, a unifier and a patriot whose influence transcends ethnic and political boundaries. Indeed, his ability to convene diverse actors—from grassroots leaders to international partners—demonstrates a rare gift for consensus-building in a nation often divided by competing interests.
Nigeria’s future will depend not only on official institutions but also on citizens willing to shoulder responsibility beyond personal ambition. Tonlagha’s life offers a compelling blueprint: resilience forged through hardship, advocacy grounded in intellect and peace, economic empowerment anchored in indigenous enterprise, and diplomacy driven by patriotism rather than self-promotion. From the creeks of the Niger Delta to the corridors of international engagement, he has quietly shaped conversations on development, security and national cohesion.
In an age hungry for loud heroes, Tonlagha reminds us that the most enduring influence often operates in silence; building bridges where others see barriers, lifting communities where others see divisions, and proving that one individual, driven by empathy and vision, can help align regional emancipation with national unity. His story is not only a tribute to personal triumph but a reflection of the Nigeria that is possible when courage meets compassion and service meets strategy.
Obioha is the Director of Strategy at the Hope Alive Initiative (HAI), a group dedicated to good governance in Nigeria.
Tonlagha: Forged in the Creeks, Bridging Nigeria to the World
News
Troops arrest suspected gun-runner in Taraba, recover weapons and ammunition
Troops arrest suspected gun-runner in Taraba, recover weapons and ammunition
By: Zagazola Makama
Troops deployed at Ibi and the Forward Operating Base (FOB) Wukari have arrested a suspected gun-runner and recovered weapons, ammunition, and other items during an intelligence-led operation in Taraba State.
Security sources disclosed that the troops acted on credible intelligence about a suspicious Peugeot vehicle heading toward the Ibi waterside area. The troops swiftly mobilised to intercept the vehicle and apprehended the suspect.

The suspect, identified as Abubakar Ibrahim, 48, from Barkin-Ladi Local Government Area of Plateau State, was arrested during the operation.
Items recovered from him include six locally fabricated weapons bearing various registration numbers, two rounds of 7.62mm special ammunition, one Peugeot 504 vehicle, a Q Seven mobile phone, seven bottles of perfume with rubbers, seven charms, one mentholatum rub, two small containers of Vaseline, and the sum of N1,400 in cash.
Military sources said the suspect and the recovered items are currently in custody and will be transferred to the Brigade Headquarters for further investigation.
The sources added that the general security situation within the Area of Responsibility remains calm but highly unpredictable, noting that troops’ morale and fighting efficiency remain satisfactory.
The arrest is part of ongoing efforts by security forces to curb the proliferation of illegal arms and criminal activities in Taraba and adjoining areas.
Troops arrest suspected gun-runner in Taraba, recover weapons and ammunition
News
ISWAP kills professor in targeted abduction on Maiduguri-Damboa highway
ISWAP kills professor in targeted abduction on Maiduguri-Damboa highway
By: Zagazola Makama
ISWAP terrorists have reportedly killed Professor Abubakar Mohammed el-Jumma of the Nigerian Army University Biu following a targeted abduction along the Maiduguri-Damboa highway on March 25, 2025.
Sources told Zagazola Makama that the attackers, described as light-skinned foreigners, specifically targeted Professor el-Jumma, suggesting the abduction was premeditated. The perpetrators were reportedly in possession of his photograph before carrying out the attack, confirming that the operation was deliberate and planned.
Authorities have confirmed that no ransom demands were made and attempts to negotiate his release were unsuccessful. ISWAP later informed the family of Professor el-Jumma’s death and that his burial had been carried out within their enclave.
The incident demonstrates ISWAP’s growing capability to exploit local vulnerabilities with the support of spies and sympathizers.
The group’s targeting of high-profile individuals, including academics and community leaders, reflects a shift towards calculated kidnappings designed to spread fear and disrupt governance and education in the North East.
No official statement has yet been issued by Nigerian Army University Biu authorities regarding the incident.
ISWAP kills professor in targeted abduction on Maiduguri-Damboa highway
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