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Centre Advises Tinubu on How to Tame Soaring Inflation

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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

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Troops rescue two teenage boys escaping suspected terrorist camp in Borno

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Troops rescue two teenage boys escaping suspected terrorist camp in Borno

By: Zagazola Makama

Troops of 25 Brigade, operating from Forward Operating Base (FOB) Azir in Damboa Local Government Area of Borno State, have rescued two teenage boys who reportedly escaped from a suspected terrorist camp in Dusula.

A military source told Zagazola Makama that the incident occurred at about 10:00 a.m. on April 1 after the village head of Azir alerted troops to the arrival of two minors in the community under suspicious circumstances.

The source said troops immediately mobilised to the village and apprehended the boys, who were later taken to the Forward Operating Base for interrogation.

He identified the teenagers as Abuna Yammadu Kala, 15, and Abulkaka Yammadu Kala, 10.

According to preliminary interrogation, the boys reportedly disclosed that they recently escaped from a suspected terrorist camp located in Dusula.

The source said the children stated that they fled the camp due to harsh conditions and fear for their lives.

He added that the minors have been moved for profiling and further necessary action.

Troops rescue two teenage boys escaping suspected terrorist camp in Borno

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Troops arrest three suspected terrorists in Adamawa, foil alleged attack plan on Mubi barracks

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Troops arrest three suspected terrorists in Adamawa, foil alleged attack plan on Mubi barracks

By: Zagazola Makama

Troops of 232 Battalion (Tactical), in collaboration with professional hunters, have arrested three suspected terrorists during a cordon-and-search operation in Mubi North Local Government Area of Adamawa State.

A military source told Zagazola Makama that the operation was conducted at about 1:15 a.m. on April 1 in Angwan Rami general area based on credible human intelligence on terrorist activities.

The source said the troops apprehended three suspects identified as Ado John, 27; Umaru Yunusa, 22; and Alhaji Saleh Mamman Ibrahim, 44.

He added that preliminary investigation confirmed the suspects to be members of terrorist elements operating in the area.

According to him, one of the suspects, Alhaji Saleh Mamman Ibrahim, who was previously documented as a repentant terrorist, allegedly confessed to participating in the attack on Ngoshe in Borno State.

The source further disclosed that the suspect also admitted to acting as a double agent and allegedly planning an attack on Mubi barracks with the intention of carting away weapons.

He said the suspects are currently in the custody of 232 Battalion for further investigation and intelligence exploitation.

He reaffirmed the commitment of security forces to sustain ongoing operations aimed at denying terrorists freedom of action in the North-East.

Troops arrest three suspected terrorists in Adamawa, foil alleged attack plan on Mubi barracks

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China, Pakistan Unveil Five-Point Initiative to Restore Peace in Gulf, Middle East

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China, Pakistan Unveil Five-Point Initiative to Restore Peace in Gulf, Middle East

By: Michael Mike

China and Pakistan have jointly proposed a five-point initiative aimed at de-escalating tensions and restoring stability in the Gulf and broader Middle East region.

The proposal was unveiled following a high-level meeting in Beijing between Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee and China’s Foreign Minister, and Mohammad Ishaq Dar, Pakistan’s Deputy Prime Minister and Foreign Minister.

Both sides reviewed the deteriorating security situation in the region and stressed the urgent need for coordinated international action to prevent further escalation.

At the core of the initiative are five key measures:

First, China and Pakistan called for an immediate cessation of hostilities, urging all parties to halt ongoing conflicts and prevent further escalation, while ensuring unhindered humanitarian access to affected populations.

Second, both countries advocated for the urgent commencement of peace talks, emphasizing that dialogue and diplomacy remain the only viable solutions. They reaffirmed the need to respect the sovereignty and territorial integrity of nations in the region, including Iran, and urged all sides to refrain from the use or threat of force during negotiations.

Third, the initiative stresses the protection of civilians and non-military targets, calling for strict adherence to international humanitarian law and an immediate halt to attacks on civilian populations and critical infrastructure such as energy facilities and nuclear installations.

Fourth, China and Pakistan underscored the security of vital shipping lanes, particularly the Strait of Hormuz, urging all parties to ensure the safety of vessels and crews and to restore normal maritime operations as quickly as possible.

Fifth, the two nations emphasized the primacy of the United Nations Charter, calling for strengthened multilateral cooperation and support for a comprehensive peace framework rooted in international law.

The joint proposal signals a renewed diplomatic push by Beijing and Islamabad to play a more active role in stabilizing one of the world’s most volatile regions amid rising geopolitical tensions.

China, Pakistan Unveil Five-Point Initiative to Restore Peace in Gulf, Middle East

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