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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
IBUAM: A New Chapter in University Education, Changing the Phase of the Aviation Industry
By: Balami Lazarus
The quest and search for knowledge by men is an unending process, a continuous tense as long as humans live here on the mother planet. Therefore, the quest and thirst for knowledge is like mwala in the Bura dialect, which simply means to dig continuously.
For some decades Nigerian educational space has experienced growth and progress in her university system. The emergence of universities to cater to the educational needs of the citizens is clear evidence that there are positive changes in the system. It has also brought improvements and innovations, walking like a giant with nobility robes in the gown of knowledge, understanding, and wisdom provided by the ivory tower.
Isaac Balami University of Aeronautic Management (IBUAM) is one university that was established recently in the bustling Centre of Excellence, Lagos. Registered and licensed by the National Universities Commission (NUC).
The aviation sector, I have observed, is what many lack understanding of. For some, it starts and ends with airports, aircraft, and pilots. But for Isaac David Balami, it begins with aeronautic and management knowledge provided by his university.
Isaac Balami University of Aeronautic Management (IBUAM) is the first of its kind in the aviation industry/educational landscape of our nation. IBUAM is beginning to change and impart on the aviation industry through academic courses offered at the university.
IBUAM disciplines are in aeronautics and management as its academic training. Its objective, therefore, is to train students in aeronautics, engineering, and aviation management and techniques. To further equip students with “skills in aviation operations and airline management.”
Some courses at IBUAM are aerospace engineering, mechatronics engineering, and aviation operations/airline management, among others.
Isaac David Balami is an aeronautic engineer, aviation expert, entrepreneur, and philanthropist. Isaac has also distinguished himself in union leadership of the National Association of Aircraft Pilots and Engineers (NAAPE).
IBUAM: A New Chapter in University Education, Changing the Phase of the Aviation Industry
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
By: Zagazola Makama
Police in Katsina State have successfully rescued six kidnapped victims after intercepting an armed bandit attack on Yankara-Funtua highway in Faskari Local Government Area.
Sources said on Jan. 24 at about 1:25 a.m., unidentified armed bandits blocked the highway and abducted six occupants of a green Honda Civic, registration number AAA 518 BC, en route from Funtua to Faskari.
The DPO Faskari, on routine patrol, promptly engaged the hoodlums in a tactical gunfight.
The bandits were overpowered and fled into the bush, abandoning their mission. All six victims, Rabi Hamisu, Safare Musa, Abubakar Samaila, Shehu Umar, Sara’u Yahaya, and Ibrahim Babangida, were rescued unharmed and safely returned to their homes.
Intensive patrols continue in the area, while efforts to apprehend the fleeing suspects are ongoing.
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
By: Zagazola Makama
A 20-year-old man, Umar Hamza, was apprehended Wednesday night for trespassing and attempting to steal from the Emir of Bauchi’s residence.
Sources said Hamza entered one of the Emir’s son’s rooms carrying a bunch of keys and tried to commit theft around 8:20 p.m. on January 23.
He was intercepted shortly after the act and taken into the Police custody for questioning.
Police said Preliminary inquiries indicate the suspect intended to steal from the palace.
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
IBUAM: A New Chapter in University Education, Changing the Phase of the Aviation Industry
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