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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
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Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
By: Zagazola Makama
Rev. Ezekiel Dachomo, has again recounted his past life of crime and subsequent spiritual transformation, attributing his change to his Christian faith.
Dachomo made the disclosure during a religious gathering, where he shared his personal testimony of repentance and renewal.
“I was a notorious criminal in this village, a drug cartel in this village, a wanderer in this village. That is my testimony,” he said.
The pastor also claimed involvement in criminal activities in his earlier years.
“When I say 1980, it is our gang that robbed a bank, and the person that led that operation is my best friend,” he said.
He explained that his life took a new direction after he embrace Jesus during the robbery.
“When I submitted myself to Jesus, who is my Saviour, I allowed Him to control my life, and Jesus forgave my sin. I am a new person in Christ Jesus,” he said.
However, Dachomo has come under relentless attacks with many asking the authorities to investigate his confession and prosecuting him for his past criminality.
They accused him of infighting fire in the already existing crises between farmers and herders in the state especially when he was openly heard asking the youths to go to WAR.
Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
Troops foil cattle rustling, recover 84 livestock in Kaduna
By: Zagazola Makama
Troops of Operation Hadin Kai have foiled a cattle rustling attempt and recovered 84 livestock in Igabi Local Government Area of Kaduna State.
A military source said the operation was carried out by troops of 4 Division Demonstration Battalion deployed at the Forward Operating Base (FOB) Dumbi.
The source disclosed that the troops responded at about 5:30 a.m. on March 27 to credible intelligence on cattle rustling activities at Pan Daudu settlement.
“Following the information, troops swiftly mobilised and laid ambush at a suspected crossing point between Lamban Zango and Monday Market in Igabi Local Government Area,” the source said.
He added that the suspected rustlers, on approaching the ambush site, abandoned the livestock and fled the scene.
“The terrorists, upon sighting the troops’ position, fled in disarray, abandoning 84 rustled livestock,” he said.
According to him, the recovered animals were subsequently handed over to their rightful owners.
Troops foil cattle rustling, recover 84 livestock in Kaduna
Troops arrest 14 suspects in cordon-and-search operation in Borno
By: Zagazola Makama
Troops of Sector 1, Operation Hadin Kai, have arrested 14 suspects during a cordon-and-search operation in Bama Local Government Area of Borno.
Sources said the operation, conducted by troops of 21 Special Armoured Brigade, followed credible intelligence on the activities of a suspected terrorist and kidnapper identified as Baba Ali.
The sources disclosed that the operation took place at about 2:20 p.m. on March 25 at Ngurosoye village, where the suspect was being tracked through intercepted communications.
During the operation, troops apprehended 14 suspects at the location where the tracked calls were received.
Two bags of fertiliser, suspected to be for illicit use, were also recovered from the scene.
The suspects are currently in military custody for further investigation and necessary action.
Troops arrest 14 suspects in cordon-and-search operation in Borno
Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
Troops foil cattle rustling, recover 84 livestock in Kaduna
Troops arrest 14 suspects in cordon-and-search operation in Borno
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