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
Troops Kill Two Terrorists, Rescue 62 Abducted Persons in North-West Operations
Troops Kill Two Terrorists, Rescue 62 Abducted Persons in North-West Operations
By: Michael Mike
Troops of the Joint Task Force North West under Operation FANSAN YAMMA have recorded significant operational gains with the killing of two suspected terrorists in Kebbi State and the rescue of 62 abducted persons in Zamfara State.
The coordinated operations, carried out by troops operating under Sector 2, were based on credible intelligence and involved close collaboration with other security agencies and local vigilante groups.

In Kebbi State, the troops ambushed suspected members of the Lakurawa terrorist group around Kerani village, near the boundary between Augie Local Government Area of Kebbi State and Binji Local Government Area of Sokoto State. During the operation, two of the suspects were neutralised, while two motorcycles believed to have been used for criminal operations were recovered. The suspects were reportedly dressed in camouflage outfits, and the motorcycles were modified for long-distance movement.
In a separate operation in Zamfara State, the troops raided Munhaye Forest, a known criminal hideout, following intelligence that several kidnapped victims were being held in the area. The operation led to the successful rescue of 62 abducted persons, who have since been moved to a secure location.
Military authorities said arrangements are ongoing to reunite the rescued victims with their families, while efforts continue to track and dismantle remaining criminal elements operating in the forests and border communities.
The military noted that the latest successes reflect the sustained commitment of Operation FANSAN YAMMA to restoring peace and improving security across the North-West region.
The development was disclosed in a statement issued on Wednesday by Lieutenant Colonel Olaniyi Osoba, Acting Deputy Director, Army Public Relations, 8 Division Nigerian Army, Sector 2, Operation FANSAN YAMMA.
Troops Kill Two Terrorists, Rescue 62 Abducted Persons in North-West Operations
News
NHRC Condemns Killing of Woman, Six Children in Kano
NHRC Condemns Killing of Woman, Six Children in Kano
By: Michael Mike
The National Human Rights Commission (NHRC) has condemned the brutal killing of Mrs. Fatima Abubakar and her six children in Dorayi Chiranchi Quarters, Kano State, describing the incident as a gross violation of the right to life and an attack on human dignity.
The tragic incident, which occurred on Saturday, January 17, 2026, reportedly involved unknown attackers who broke into the family’s residence, killed the victims with dangerous weapons, and allegedly threw an infant into a well.
Reacting to the incident, the Executive Secretary of the Commission, Dr. Tony Ojukwu, OFR, SAN, said the act was not only criminal but also a serious breach of constitutional and international human rights obligations binding on Nigeria. He noted that the right to life is sacrosanct and must be protected at all times, particularly for vulnerable groups such as women and children.
Dr. Ojukwu expressed deep concern over the level of violence displayed in the attack, stressing that such acts threaten public safety and undermine the rule of law. He called on the Nigeria Police Force and other relevant security agencies to carry out a comprehensive and transparent investigation to ensure that those responsible are identified and prosecuted.
The NHRC extended its condolences to the victims’ family, the Dorayi Chiranchi community, and the people of Kano State, assuring them of the Commission’s solidarity during the period of mourning.
The Commission also reaffirmed its commitment to the promotion and protection of human rights across the country, stating its readiness to work with law enforcement agencies to ensure accountability and justice in the case.
Dr. Ojukwu further urged collective action by government institutions, security agencies, community leaders, and civil society groups to uphold the sanctity of human life and prevent a recurrence of such tragic incidents.
He emphasized that justice for the victims is essential to restoring public confidence and fostering a society built on peace, justice, and respect for human dignity.
NHRC Condemns Killing of Woman, Six Children in Kano
News
SOJA Condemns Killing of Woman, Six Children in Kano, Calls for Justice
SOJA Condemns Killing of Woman, Six Children in Kano, Calls for Justice
By: Michael Mike
A human rights advocacy group, Speak Out for Justice Advocacy Ltd/Gte (SOJA), has condemned the gruesome killing of Mrs. Fatima Abubakar and her six children in Dorayi Chiranchi area of Kano State, describing the incident as a grave violation of fundamental human rights and a failure of state protection.
In a statement issued on Tuesday and signed by its legal officer, Hameed Ajibola Jimoh., the organisation said the killing of a mother and her children had shocked the nation and undermined the values of humanity, justice and the rule of law.
SOJA noted that the incident amounted to a serious breach of the right to life as guaranteed under Section 33 of the 1999 Constitution of the Federal Republic of Nigeria (as amended), as well as provisions of international human rights instruments to which Nigeria is a signatory. The group stressed that the African Charter on Human and Peoples’ Rights and the International Covenant on Civil and Political Rights impose clear obligations on the Nigerian State to protect life and ensure accountability for violations.
The organisation further described the killing of six children as a gross violation of the Convention on the Rights of the Child, which mandates governments to take all necessary measures to protect children from violence and unlawful death.
SOJA expressed concern that recurring cases of extreme violence, particularly against women and children, point to systemic weaknesses such as poor early-warning mechanisms, inadequate community-level protection, and insufficient intelligence gathering. According to the group, the responsibility of the state goes beyond prosecuting offenders to preventing foreseeable harm.
The advocacy group called on the Kano State Government, the Nigeria Police Force, the Department of State Services (DSS) and other relevant agencies to conduct a thorough, impartial and transparent investigation into the incident and ensure that all those responsible are brought to justice without delay.
It also urged authorities to provide psychosocial support, protection and relief assistance to surviving family members and the affected community, noting that justice must include healing and institutional reforms, not just arrests.
SOJA further recommended stronger community-based protection and early-warning systems, improved coordination between security agencies and local communities, sustained public education on violence prevention and child protection, and strict enforcement of existing laws protecting women and children.
The group stressed that the victims must not be reduced to mere statistics, adding that their deaths should serve as a catalyst for accountability and renewed commitment to the sanctity of human life.
SOJA said it stands in solidarity with the victims’ family and the people of Kano State, reaffirming its commitment to speaking out until justice is served.
SOJA Condemns Killing of Woman, Six Children in Kano, Calls for Justice
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