Connect with us

News

Centre Advises Tinubu on How to Tame Soaring Inflation

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Troops recover rustled livestock after terrorist sighting in katsina

Published

on

Troops recover rustled livestock after terrorist sighting in katsina

By: Zagazola Makama

Troops of 17 Brigade have recovered rustled livestock during a response operation to a reported terrorist movement in Danmusa Local Government Area of Katsina State.

Security sources said the incident occurred at about 11:30 a.m. on March 30, when troops deployed at Combat Team 1 Danali acted on intelligence indicating the movement of suspected terrorists towards Amawa Forest.

According to the sources, the troops arrived the area but found that the suspects had fled into nearby bushes with a large number of rustled livestock.

The combined troops reportedly pursued the attackers for about three kilometres along their escape route but lost contact due to difficult terrain.

The sources added that the troops later withdrew and intensified domination of the main routes with fighting patrols aimed at restoring confidence among commuters in the area.

They said efforts were ongoing to track the fleeing suspects and recover the remaining livestock.

Troops recover rustled livestock after terrorist sighting in katsina

Continue Reading

News

Human Rights Group SOJA Calls for Accountability After Lawyer Dies in Abuja Hotel Elevator

Published

on

Human Rights Group SOJA Calls for Accountability After Lawyer Dies in Abuja Hotel Elevator

By: Michael Mike

Speak Out for Justice Advocacy Ltd/Gte (SOJA) has condemned the tragic death of Barrister Abdulsalami Ginsau, who reportedly suffocated after being trapped in an elevator at a hotel in Abuja on March 31, 2026. The advocacy group is calling for urgent investigations, stronger safety regulations, and accountability for any negligence that may have contributed to the incident.

In a statement released on Friday, SOJA described the death as preventable and raised serious concerns about building safety standards, emergency response systems, and regulatory compliance in Nigeria’s hospitality and construction sectors. The organization said the incident highlights systemic gaps that put lives at risk.

“Elevators are not luxuries—they are life-dependent systems,” SOJA said. “Any failure in their design, maintenance, or emergency protocols can have fatal consequences. No individual should lose their life in such a preventable and distressing manner.”

The group cited both domestic and international legal frameworks protecting the right to life, including Section 33 of the 1999 Constitution of the Federal Republic of Nigeria (as amended), the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, and the African Charter on Human and Peoples’ Rights. SOJA stressed that the Nigerian government has a duty to prevent third-party negligence and to enforce safety standards that safeguard citizens.

SOJA outlined several recommendations, including conducting a thorough, independent investigation into the circumstances of Ginsau’s death, identifying any negligence or regulatory breaches, and holding all responsible parties accountable. The organization also called for the development and enforcement of national regulations on elevator safety, mandatory inspection and certification programs, installation of functional emergency systems in elevators, and criminalization of gross negligence in life-dependent infrastructure.

Hameed Ajibola Jimoh, Executive Director of SOJA, emphasized that the incident should serve as a wake-up call for systemic reform. “A society that fails to safeguard basic infrastructure places every citizen at risk. Justice must not only be demanded—it must be delivered,” he said.

The tragic death of Ginsau has reignited public debate on the enforcement of building codes and the adequacy of safety measures in public and private facilities across Nigeria.

Human Rights Group SOJA Calls for Accountability After Lawyer Dies in Abuja Hotel Elevator

Continue Reading

News

Troops conduct offensive patrol in Enugu, disrupt suspected IPOB/ESN activity

Published

on

Troops conduct offensive patrol in Enugu, disrupt suspected IPOB/ESN activity

By: Zagazola Makama

Joint troops have conducted an offensive patrol in Ezeagu Local Government Area of Enugu State aimed at disrupting suspected activities of members of the proscribed Indigenous People of Biafra and its armed wing, the Eastern Security Network.

Security sources said the operation was carried out at about 9:30 a.m. on March 31 by troops of Sector 1 in collaboration with 82 Division Garrison and 103 Battalion (Rear).

According to the sources, the patrol was conducted around Ajali Forest following intelligence reports of suspected militant movement in the area.

The sources said the suspected armed elements fled upon sighting the advancing troops, avoiding direct engagement.

They added that troops have continued to dominate the general area through sustained patrols to deny the suspected group freedom of action.

Troops conduct offensive patrol in Enugu, disrupt suspected IPOB/ESN activity

Continue Reading

Trending

Verified by MonsterInsights