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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
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
By: Our Reporter
Judge bars him from inciting public, undermining national security
The Department of State Services (DSS) on Tuesday arraigned a politician and online publisher, Omoyele Sowore, before a Federal High Court in Abuja, for alleged cybercrimes, with the court barring him from further making statements that are detrimental to the peace and security of the country.
Justice Mohammed Umar, in a ruling, threatened to revoke the bail granted Sowore’ should he ever make such statements. The arraignment came after two previous attempts, with the politician’s lawyer introducing what the DSS lawyer, Akinolu Kehinde SAN, called legal obstacles.
On Tuesday, however, Justice Umar held that since there was evidence that Sowore was a presidential candidate in the country before and having also earlier been granted bail by the court, with his international passport still being held by the court, he was entitled to be granted bail on self-recognition.
The ruling was on a bail application argued by his lawyer, Marshall Abubakar, shortly after Sowore was arraigned on a five-count charge, in which he is accused of defaming President Bola Tinubu by referring to him as a criminal in his posts on X and Facebook.
When the charge, being prosecuted by the Department of State Services (DSS), was read to him, Sowore pleaded not guilty.
In the charge, Sowore, the presidential candidate of the African Action Congress (AAC) in the 2019 and 2023 elections, is accused of contravening the provisions of the the Cybercrimes (Prohibition, Prevention, etc) Amendment Act, 2024 and the Criminal Code Act by calling President Bola Tinubu a criminal
The two other defendants listed in the charge, marked: FHC/ABJ/CR/484/2025 are X Incorp (formerly Twitter) and Meta (Facebook) Incorp.
Details shortly.
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
News
One killed, dozens abducted as bandits launch multiple attacks in Zurmi, Bungudu LGAs in Zamfara
One killed, dozens abducted as bandits launch multiple attacks in Zurmi, Bungudu LGAs in Zamfara
By: Zagazola Makama
Armed bandits have carried out a series of coordinated attacks across parts of Zamfara State, killing one person and abducting several others in Zurmi and Bungudu Local Government Areas, security sources have confirmed.
In the first incident, bandits invaded Tungar Tsamiya village in Moriki District of Zurmi LGA at about 10:40 p.m. on Nov. 30, shooting dead one resident and abducting 10 others.
Security forces launched a search-and-rescue operation to locate the victims.
Barely hours later, on Monday morning, another group of bandits attacked Doguwar Gona forest in the same Moriki District.
The assailants abducted 17 men and women who were in the area fetching firewood. Security personnel are tracking the movement of the attackers with the aim of rescuing the captives.
In a separate incident in Bungudu LGA, gunmen armed with AK-47 rifles stormed Makwa village in Kurar Mota District at about 12:15 p.m. on Dec. 1 and abducted an unconfirmed number of residents.
Troops of Operation FANSAN YANMA and police operatives, supported by local vigilante groups, have intensified efforts to rescue all abducted victims and restore calm across the affected communities.
Search operations are ongoing.
One killed, dozens abducted as bandits launch multiple attacks in Zurmi, Bungudu LGAs in Zamfara
NSA Ribadu visits Kontagora Bishop, pledges swift rescue of abducted Niger schoolchildren
By: Zagazola Makama
The National Security Adviser (NSA), Malam Nuhu Ribadu, on Monday paid a sympathy visit to the Bishop of Kontagora, Bishop Bulus Yohanna, following the recent abduction of students of St. Mary Private Catholic Primary and Secondary School, Papiri, in Agwara Local Government Area of Niger State.
The NSA, who arrived Kontagora by helicopter at about noon, was accompanied by the Director-General of the Department of State Services (DSS), Mr Tony Ajayi; the Minister of Humanitarian Affairs; and senior officials from the Office of the NSA.
Ribadu and his entourage proceeded to the office of the Bishop at St. Michael Church, where they met with representatives of families of the abducted students, the school principal, and the Chairman of the Christian Association of Nigeria (CAN) for the 19 Northern States, Bishop Joseph Hayap.
During the meeting, the NSA assured the community that the Federal Government was intensifying efforts to secure the safe release of the abducted pupils and staff.
He reaffirmed the government’s commitment to ending attacks on schools and ensuring the safety of students across the country.
NSA Ribadu visits Kontagora Bishop, pledges swift rescue of abducted Niger schoolchildren
Finally, DSS Arraigns Sowore on alleged Cybercrime Offences
One killed, dozens abducted as bandits launch multiple attacks in Zurmi, Bungudu LGAs in Zamfara
NSA Ribadu visits Kontagora Bishop, pledges swift rescue of abducted Niger schoolchildren
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