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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
Five soldiers killed, three missing in clash with insurgents in Niger
By: Zagazola Makama
Five soldiers were killed and three others declared missing following a clash between Nigerien Defence and Security Forces (FDS) and suspected Islamic State fighters in Sanam, Tillabéri Region of western Niger.
Security sources said the incident occurred on Feb. 12, 2026, during a confrontation between troops and suspected members of the Islamic State in the Greater Sahara (EIGS) operating in the area.
The clash reportedly took place in Sanam Zone, a locality near the Niger–Mali border known for recurrent armed attacks by jihadist groups.
According to the sources, the soldiers were engaged in an operation when they came under heavy attack, leading to a standoff. Five personnel were confirmed dead, while three others were declared missing after the encounter.
The Tillabéri Region has remained a hotspot of insurgent activities due to its proximity to Mali and Burkina Faso, with security forces frequently conducting operations to contain armed groups.
Authorities are yet to release an official statement on the latest incident, while search efforts are reportedly ongoing to locate the missing soldiers.
Five soldiers killed, three missing in clash with insurgents in Niger
Army, police rescue 12 kidnapped victims in Ekiti border attack
By: Zagazola Makama
A Combined Army and Police operatives have rescued 12 kidnapped victims following an armed attack by suspected kidnappers in Oke-Ako area of Ekiti State.
Sources disclosed that the incident occurred on Feb. 13 at about 9:00 a.m., when sporadic gunfire was heard near their base. Preliminary assessment indicated the gunshots were from an assault launched by suspected kidnappers in the area.
Army troops, in collaboration RRS,Anti-Kidnapping Squad (AKS), and local security outfits, swiftly mobilised to the scene. On sighting the security forces, the attackers engaged in a gun duel, but were overpowered and forced to retreat into the forest, taking two victims with them.
Through intensified operations, the security forces successfully rescued 12 victims unhurt, while one, identified as Jeremiah Gambo, sustained a gunshot injury and was immediately rushed to a nearby hospital in Ikole Local Government Area for treatment.
The troops also recovered an unregistered Boxer Bajaj motorcycle, a white Nissan Cabstar pick-up with registration number EJG-96XB, and a wine-coloured Toyota Corolla with registration number KLE-575AE, all belonging to the victims.
Army, police rescue 12 kidnapped victims in Ekiti border attack
Forest guard arrested for allegedly killing son in Monguno, Borno
By: Zagazola Makama
A member of the Forest Guard in Monguno Local Government Area of Borno State has been arrested for allegedly shooting his son to death.
Sources said the incident occurred on Feb. 13 at about 5:40 p.m. at the RRR Internally Displaced Persons (IDPs) Camp in Monguno.
The case was reported to the Monguno Division at about 6:20 p.m. by Maidugu Mustapha of Gana Ali Ward, who alleged that Mohammed Ibrahim Angoli, 28, a Forest Guard member, fatally shot his 24-year-old son, Ajiya Mustapha, in the back with an AK-47 rifle.
The Divisional Police Officer (DPO) of Monguno led a patrol team to the scene, where photographs were taken and the victim was evacuated to General Hospital, Monguno.
A medical doctor on duty confirmed the victim dead on arrival. The corpse was subsequently deposited at the hospital mortuary for autopsy.
The suspect has been arrested and the firearm recovered as exhibit.
The Criminal Investigation Department (CID), Maiduguri, has commenced investigation into the incident.
Forest guard arrested for allegedly killing son in Monguno, Borno
Five soldiers killed, three missing in clash with insurgents in Niger
Benue Police repel bandits attack in Ugba, one suspect arrested, one bandit killed
Army, police rescue 12 kidnapped victims in Ekiti border attack
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