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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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Bomb explodes inside mosque in Maiduguri market, worshippers killed

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Bomb explodes inside mosque in Maiduguri market, worshippers killed

By: Zagazola Makama

Several worshippers were killed on Tuesday after an explosive device detonated inside a mosque at Gamborun Market in Maiduguri, the Borno State capital.

The explosion occurred while worshippers were gathered for prayers, causing panic and chaos within the busy market area.

Eyewitnesses said the blast ripped through part of the mosque, killing some worshippers instantly and leaving others with varying degrees of injuries.

Traders and residents in the area were seen fleeing the scene as thick smoke billowed from the mosque, while others attempted to assist victims before emergency responders arrived.

Security operatives cordoned off the area shortly after the incident to prevent further casualties and to allow for preliminary assessment of the situation.

As of the time of filing this report, the exact number of casualties had not been officially confirmed.

Bomb explodes inside mosque in Maiduguri market, worshippers killed

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Igbo Association Raises Alarm Over Abuja–South East Highways, Seeks Urgent Federal Action

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Igbo Association Raises Alarm Over Abuja–South East Highways, Seeks Urgent Federal Action

By: Michael Mike

Igbo residents in the Federal Capital Territory (FCT), Abuja have expressed worries about the worsening condition of major highways linking Abuja to the South East, warning that continued neglect has turned the roads into serious safety hazards for commuters and businesses.

In a statement released on Tuesday, the Igbo Community Association in the Federal Capital Territory (ICA FCT) said the poor state of the road network had persisted for decades, despite repeated appeals for rehabilitation.

The group in a statement signed by the association’s President General, Engr. Ikenna Ellis-Ezenekwe, and Secretary General, Mazi Emmanuel Chinwoke Onah,

noted that large sections of the highways are riddled with potholes, failed portions and weak security presence, making travel dangerous and discouraging economic activities between the North Central and South East regions.

The group argued that the situation reflects long-standing infrastructure neglect and an uneven distribution of national resources, adding that the dilapidated roads have become attractive routes for criminal operations, including armed robbery and kidnappings.

According to ICA FCT, the impact of the bad roads goes beyond transportation challenges, contributing to youth frustration, reduced commercial exchanges and a growing sense of exclusion among people of the South East. The association urged the Federal Government to declare an emergency on the affected corridors and begin immediate reconstruction to ensure the safety of travelers, particularly during the festive season.

The association also called on lawmakers from the South East and the Minister of Works to take responsibility for restoring the roads to acceptable standards, stressing that infrastructure development is critical to national cohesion and economic growth.

Warning of political consequences, the group said communities in the South East would hold their representatives accountable if tangible progress is not recorded before the 2027 general elections. It added that voters would be mobilized to oppose the re-election of lawmakers perceived to have failed in addressing the issue.

Reaffirming its commitment to the welfare of Igbo people, the ICA FCT said it would continue to advocate for improved infrastructure, enhanced security and equitable development across all regions of the country.
End

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Yuletide: NEMA flags off emergency rescue operation in Gombe

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Yuletide: NEMA flags off emergency rescue operation in Gombe

The National Emergency Management Agency (NEMA), Gombe State, in collaboration with the Federal Road Safety Corps (FRSC) has inaugurated Operation Eagle Eye, to ensure rapid response during the festive periods.

While declaring the operation open in Gombe on Wednesday, the state’s Head of Operations, Mrs. Ummuna Ahmed, said that the initiative was in view of increased road and human activities during the festive season.

Ahmed said that the operation was a strategic initiative designed to enhance timely rescue operations towards saving lives in the event of road traffic crashes, fire outbreaks, and other emergencies.

She reaffirmed NEMA’s commitment to protecting lives and property through effective coordination, early response mechanisms, and the strategic deployment of Search and Rescue personnel.

She appealed to motorists and other road users, to observe traffic regulations, drive responsibly, and cooperate with emergency responders to minimise preventable incidents.

“As part of the operation, NEMA Search and Rescue teams have been strategically deployed along major routes linking Gombe State to neighbouring states.

“These include the Gombe–Bauchi, Gombe–Yola, Gombe–Maiduguri, and Gombe–Kano corridors.

“The routes were identified based on their high traffic volume and strategic importance, with emergency personnel and assets, positioned to ensure swift intervention and life saving support whenever the need arises,” she said.

Ahmed urged members of the public to promptly report emergencies through appropriate channels to enable timely response.

She expressed NEMA’s readiness to respond promptly to emergencies, in collaboration with relevant stakeholders to ensure the success of Operation Eagle Eye.

On his part, the Sector Commander of FRSC in the state, Mr Samson Kaura, said that motorists would be sensitised on the need to observe traffic rules and regulations during and after the yuletide celebration.

Kaura said that the collaboration with NEMA was to ensure quick response to emergencies towards saving lives and property in cases of crash.

The News Agency of Nigeria (NAN) reports that following the inauguration, two emergency incidents were recorded at the Bauchi road axis of Gombe State, involving a total of seven casualties.

No deaths were however recorded.

The victims were promptly rescued and evacuated to the Federal Teaching Hospital, Gombe, for medical attention. recorded.

Yuletide: NEMA flags off emergency rescue operation in Gombe

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