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Centre Advises Tinubu on How to Tame Soaring Inflation
Centre Advises Tinubu on How to Tame Soaring Inflation
By: Michael Mike
President Bola Tinubu has been advised to take a holistic approach at taming the soaring inflation in the country
A press statement on Tuesday by the Lead Director of the Centre for Social Justice, Eze Onyekpere said it has become imperative that Nigeria’s economic managers adopt a holistic approach to improving the economy/decelerate inflation.
Among the advised given for a leeway out of the present economic doldrums include “Increased productivity especially in the tradable and export-oriented sectors (including oil and gas as well as removing export trade barriers in the agriculture sector in the short run) can shore up our foreign exchange earnings which will improve the value for the Naira against major international currencies thereby limiting import induced inflation.
“Improving security of lives and property through the right political will that guarantee value for money in the provision of security services in Nigeria. It should be recalled that security has been given the highest budgetary allocations at the federal level in the last ten years. This will also improve agriculture’s contribution to the GDP and food production thereby limiting food inflation which has been the major driver of inflation over the last one year. Improved security will further lead to increased oil and gas production for export and local refining.
“Limit ways and means of funding of the federal budget to the statutory limit of not more than 5 percent of previous years’ actual revenue in accordance with S.38 of the Central Bank of Nigeria’s Act 2007.
“Implement a Nigeria First Local Content Policy in Federal and State Public Procurement to ensure that capital budget implementation do not put undue pressure on the Naira. Rather, capital budget implementation should create jobs, enhance local productivity and grow the economy, and
“Stop denying Nigerians access to their money, vis cash in banks as a means of mopping up what is considered excess liquidity. This is a fundamentally flawed measure for the reduction of inflation.”
Centre for Social Justice noted that rising prices is a symptom of the overall negative macroeconomic fundamentals and strong headwinds besetting the Nigerian economy, adding that beyond inflation, the Naira is losing value, poverty and unemployment is increasing; there have been massive factory closures, increasing insecurity and population growth figures that almost outpaced economic growth.
The Centre said that: “Furthermore, the short term and medium-term impact of economic reform measures (fuel subsidy removal and exchange rate unification) have not been properly articulated. The reforms were not accompanied by an evaluation/projection of their impact on the economy as well as countervailing measures necessary to limit their harsh effects on prices and other macroeconomic indicators.”
Centre Advises Tinubu on How to Tame Soaring Inflation
VP Shettima, Governor Buni attend Zulum’s children’s wedding Fatiha in Maiduguri.
By: Yahaya Wakili
Vice President of the Federal Republic of Nigeria, Alhaji Kashim Shettima GCON; His Excellency, Governor Mai Mala Buni CON, COMN; the Speaker of the House of Representatives, Hon. Tajudden Abbas; Deputy President of the Senate, Senator Barau Jibrin; governors; emirs; and other dignitaries attend the wedding Fatiha of the children of Borno State Governor Babagana Umara Zulum in Maiduguri, Borno State capital.
Governor Mai Mala Buni of Yobe State became the Wali of the groom, Muhammad Idi Barde Gubana, the son of the deputy governor of Yobe State, while Alhaji Muhammad Indimi was the Wali to the bride, Aisha Babagana Umara Zulum, the daughter of the governor of Borno State.
The marriage contract was finally sealed after the confirmation of the presentation of the medical certificate of fitness and 12 gold coins, and it was officiated by Imam Shettima Mamman Saleh, the chief imam of the Borno State Emirate Council, who offered prayers to Almighty Allah for the success of the marriage.
Also in attendance were the governors of Gombe, Kaduna, Nasarawa, Kebbi, Zamfara, Sokoto, and Jigawa states as well as the deputy governor of Imo state.
Other dignitaries in attendance include the minister of budget and economic planning, former secretary to the Yobe state government Alhaji Baba Mallam Wali MNI, Ambassador Babagana Kingibe, Speaker of the Gombe state House of Assembly, Yobe state Head of Civil Service Alhaji Abdullahi Musa Shehu, and heads of agencies and parastatals.
The wedding Fatiha also witnesses the royal highnesses and fathers included. His Highness, the Emir of Fika and Chairman of the Yobe State Council of Traditional Rulers, Alhaji Dr. Muhammad Abali Muhammad Idriss, CON, CFR; Emir of Tikau, Alhaji Abubakar Muhammadu Ibn Grema II; Emir of Machina; Damaturu; Gudi; Fune; Jajere; Ngelzarma; as well as over thirty emirs from Borno State
VP Shettima, Governor Buni attend Zulum’s children’s wedding Fatiha in Maiduguri.
Troops conduct clearance operation in Borno
By: Zagazola Makama
Troops of Operation Hadin Kai have carried out a clearance operation targeting suspected insurgent enclaves in Kaga Local Government Area of Borno State.
Security sources said the operation was conducted on April 19 at about 1000 hrs by troops of 29 Task Force Brigade in conjunction with members of the Civilian Joint Task Force (CJTF).
The troops, mounted on Mine-Resistant Ambush Protected vehicles, Armoured Personnel Carriers and gun trucks, advanced from Benisheikh through key routes including Qwayari, Karnakasari, the Camel Route and Mainok axis.
According to the sources, the operation was aimed at clearing suspected Boko Haram enclaves and denying insurgents freedom of movement within the corridor.
However, for now, no contact was made with insurgents during the operation, as the operation continues.
Military authorities said the exercise was part of sustained clearance and domination operations across the North-East theatre.
They added that the overall security situation in the region remained calm but unpredictable, while troops’ morale and operational efficiency remained high.
Troops conduct clearance operation in Borno
Troops arrest four Berom criminal youths involved in causing havoc in Barkin Ladi LGA
By: Zagazola Makama
Troops of Sector 4 (Sub-Sector 41) under Operation Safe Haven have arrested four suspected criminals during a raid operation on an identified hideout in Barkin Ladi Local Government Area of Plateau state.
Security sources said the operation was carried out at about 2115 hrs on April 18 at the NTV Mazat area in Gashish District, following credible intelligence on the activities of suspected criminal elements in the locality.
During the raid, troops stormed the location and apprehended four suspects identified as Aaron Joshua, 21; Ernest David, 21; Ishaya Haruna, 19; and Kyenshak Yakubu, 28.
It was gathered that the suspects were involved in several atrocities and part of the wider network of youths causing havoc in several communities.
The suspects were reportedly taken into custody and subjected to preliminary profiling as part of ongoing investigations to determine their involvement in criminal activities within the area.
Security sources said the raid was part of sustained efforts to dismantle criminal networks and deny them freedom of action in the general area.
Troops arrest four Berom criminal youths involved in causing havoc in Barkin Ladi LGA
VP Shettima, Governor Buni attend Zulum’s children’s wedding Fatiha in Maiduguri.
Troops conduct clearance operation in Borno
Troops arrest four Berom criminal youths involved in causing havoc in Barkin Ladi LGA
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