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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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NEDC finance director takes development to improve living conditions of people in Yobe

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NEDC finance director takes development to improve living conditions of people in Yobe.

By: Yahaya Wakili

The Director of Finance and Admin. of the North East Development Commission (NEDC), Dr. Abubakar Garba Illiya, PhD, FMNG, has made numerous achievements in providing infrastructure facilities to improve the living conditions for the people of Yobe State since he was appointed to that position

The developmental projects provided by Dr. Garba Illiya include the construction and rehabilitation of schools, primary healthcare centers, and water supply in both rural and urban areas with a view to improving the livelihoods of the people of Yobe State.

Dr. Abubakar Garba Illiya, PhD, FMNG, also constructed and rehabilitated numerous rural roads in some local government areas across the state to facilitate the movement of goods and services.

However, Dr. Illiya also accords the same commitment to the schools by procurement of instructional materials as well as construction and rehabilitation of schools destroyed by Boko Haram insurgency across the northeast region.

“Dr. Illiya’s intervention, the NEDC, has contributed tremendously to increasing food sufficiency and food security in Yobe State and the North East by procuring farm inputs and implements as well as providing enough fertilizers and tractors to farmers.

He also assisted youths and women with the capital for business with empowerment initiated for self-employment and also distributed foodstuffs and other humanitarian assistance to Internal Displaced Persons (IDPs) affected by the Boko Haram insurgency in the region.

Dr. Abubakar Garba Illiya further sent youths for training in different categories, like training in phone repairs, welding, tailoring, carpentry, and others, to be self-reliant and assisted them with take-off funds for capital businesses.

He made all these achievements with a view to improving the lives of the peoples of Yobe State and the northeast region after recovery from the Boko Haram insurgency destruction.

NEDC finance director takes development to improve living conditions of people in Yobe

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Police neutralise three bandits in Benue , rescue senator after attack on convoy

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Police neutralise three bandits in Benue , rescue senator after attack on convoy

By: Zagazola Makama

The Police in Benue says have neutralised three suspected bandits during a gun battle following the killing of a 67-year-old man in Katsina-Ala Local Government Area of the state.

Security sources said the incident occurred on March 7 at about 7:30 p.m., when armed bandits loyal to a local kingpin identified as “Chen” had abducted one Zaki Sughter Agenbeer, 67, from his residence in Une Tongov community.

The attackers reportedly took the victim into the bush and killed him after accusing him of providing information about their activities to security agencies.

The DPO Katsina-Ala, in collaboration with the DPO Ukum, subsequently mobilised patrol teams and tactical units to the area. Police operatives later engaged the bandits in a gun duel during which three of the suspects were neutralised.

The corpse of the slain victim was recovered and deposited at the Zaki Ibiam Hospital mortuary, while security operatives have commenced a combing operation in nearby bushes to track down other fleeing suspects.

Meanwhile, the police also confirmed an attack on the convoy of Sen. Udende Emmanuel, representing Benue North-East Senatorial District, during a visit to Tsua town in Vandekiya Local Government Area for a church service.

Sources said some youths from Vandekiya allegedly attacked the senator’s convoy and damaged one of the vehicles.

The Divisional Police Officer in Vandekiya quickly mobilised to the scene and successfully rescued the senator from the situation.

In a related development, some youths also disrupted a thanksgiving service at Tsemke Church in Vandekiya, destroying plastic chairs before police intervened.

Police authorities said the swift deployment of operatives helped to de-escalate the tension and restore normalcy in the area.

Additional patrol and tactical teams have been deployed to Vandekiya to ensure law and order and facilitate the arrest of those responsible for the disturbances.

The State Criminal Investigation Department (SCID) has commenced investigations into both incidents.

Police said the general security situation across Benue State remains relatively calm, while security agencies continue monitoring developments.

Police neutralise three bandits in Benue , rescue senator after attack on convoy

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Heavy gun battle in Kukawa in Borno leaves casualties on both sides, arms recovered from camp

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Heavy gun battle in Kukawa in Borno leaves casualties on both sides, arms recovered from camp

By: Zagazola Makama

A heavy gun battle between troops and suspected fighters of the Islamic State West Africa Province (ISWAP) in Kukawa Local Government Area of Borno State has resulted in casualties on both sides, security sources said on Monday.

The clash occurred when insurgents reportedly attacked a military camp, prompting troops to engage in a prolonged firefight. Security operatives said exploitation of the camp is still ongoing.

According to sources, items recovered from the insurgents’ positions within the camp include bandoliers of PKT rounds, one AK-47 rifle, one BHT machine gun, two mortar bombs, and four hand grenades.

Sources noted blood stains and drags outside the camp, suggesting insurgent casualties during the encounter.

In a related development, troops reportedly intercepted an injured BHT fighter in the community who was being brought to the camp. The suspect attempted to escape, prompting additional gunfire, the sources said.

Sources said the situation remains under control, with troops continuing to secure the area and conduct follow-up operations to track remaining insurgents.

Further updates on casualties and operational outcomes are expected as clearance operations continue in the theatre of operations.

Heavy gun battle in Kukawa in Borno leaves casualties on both sides, arms recovered from camp

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