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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
NA CAT Week: Army Flags Off Free Medical Outreach in Kaduna Community
By Zagazola Makama
The Nigerian Army has commenced pre-event activities for its Combat Arms Training (CAT) Week 2026 with a free medical outreach for residents of Birnin Yaro community in Kaduna State.
Security sources said the outreach, which held on May 2, was flagged off by the Chief of Integrated Combat Arms, Maj.-Gen. G.M. Mutkut, as part of preparations for the CAT Week scheduled to take place at Jaji Military Cantonment from May 4 to May 8, 2026.
The sources disclosed that the programme provided free medical consultations and treatment for members of the host community, as well as personnel and their family members.
According to the sources, the initiative was designed to strengthen civil-military relations while improving access to basic healthcare services for underserved communities.
They added that senior officers, including the Principal Staff Officer from Headquarters Infantry Corps Centre and members of the Central Organising Committee for the CAT Week, were in attendance.
The sources noted that the event was conducted peacefully and without any incident.
NA CAT Week: Army Flags Off Free Medical Outreach in Kaduna Community
Troops Arrest Two Suspected Terrorists in Borno, Recover Phones and Charms
By Zagazola Makama
Troops of the Nigerian Army have arrested two suspected terrorists during a patrol operation in Ngamdu town, Kaga Local Government Area of Borno State.
Security sources said the operation was conducted at about 5:35 p.m. on May 2 by troops of 154 Battalion while on routine patrol within the area.
The sources disclosed that the suspects were intercepted and arrested during the patrol.
According to the sources, items recovered from them include one mobile phone, one keypad phone, a power bank, charms and other sundry items.
They added that the suspects are currently in military custody for further interrogation and investigation.
The sources noted that further action will be taken after profiling, while patrols in the area have been intensified to maintain security dominance.
Troops Arrest Two Suspected Terrorists in Borno, Recover Phones and Charms
Four Killed, Three Injured in Attack on Illegal Mining Site in Plateau
By Zagazola Makama
Four persons have been killed and three others injured following an attack by unknown gunmen at an illegal mining site in Barkin-Ladi Local Government Area of Plateau State.
Security sources said the incident occurred at about 1:30 p.m. on May 2 at Mazat mining site, where the victims were reportedly engaged in unauthorised mining activities.
The sources disclosed that the assailants opened fire on the victims, killing four on the spot while three others sustained varying degrees of gunshot injuries.
According to the sources, the injured victims—two females and one male—were rushed to a nearby hospital for medical attention and are currently receiving treatment.
They added that the corpses of the deceased have been deposited at the hospital morgue for autopsy.
The sources further noted that security operatives were mobilised to the scene, while additional deployments have been made to track down the perpetrators.
They reiterated that night mining activities remain prohibited in the state, stressing that investigations into the incident are ongoing.
Four Killed, Three Injured in Attack on Illegal Mining Site in Plateau
NA CAT Week: Army Flags Off Free Medical Outreach in Kaduna Community
Troops Arrest Two Suspected Terrorists in Borno, Recover Phones and Charms
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