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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
Troops neutralise six bandits, recover rifles as arson attacks escalate in Zamfara
By: Zagazola Makama
Troops operating under Project Garkuwan Arewa have neutralised six bandits and recovered seven AK-47 rifles during a security operation in Tsafe Local Government Area of Zamfara State, the News Agency of Nigeria (NAN) reports.
A security source told Zagazola Makama on Sunday that the operation, conducted in the villages of Gangara, Tsageru and Sungawa, followed credible intelligence on hostile bandit activities in the area.
“Troops neutralised six bandits identified as Musa, Shehu, Nasiru, Yusuf, Mantagora and Siddiq. Seven AK‑47 rifles were also recovered during the operation,” the source said.
He said despite the setbacks suffered by the criminals, remnants of the bandit group resorted to burning farmlands and properties in surrounding communities in a bid to intimidate residents and regain control.
According to the source, local vigilante operatives are assisting troops in tracking fleeing bandits, some of whom have taken refuge within Gangara town, resulting in intermittent gunfire exchanges.
Security authorities described the attacks as retaliatory actions aimed at destabilising rural communities and warned of increased risks of civilian casualties if the criminals are not cleared from the area.
Troops have since intensified ground patrols in Gangara, Tsageru and Sungawa, while coordination with local intelligence networks has been strengthened to provide early warning on bandit movements.
Operations to track and apprehend fleeing suspects are ongoing.
Troops neutralise six bandits, recover rifles as arson attacks escalate in Zamfara
PRESIDENT TINUBU ORDERS THE WITHDRAWAL OF POLICE OFFICERS GUARDING VIPS FOR CORE POLICE DUTIES
By: Our Reporter
President Bola Ahmed Tinubu has ordered the withdrawal of police officers currently providing security for Very Important Persons in the country.
Henceforth, police authorities will deploy them to concentrate on their core police duties.
The presidential directive was issued at the security meeting President Tinubu held on Sunday with the police, Air Force, army chiefs and the Director-General of the Department of State Services, DSS, in Abuja.
According to the Presidential directive, VIPs who want police protection will now request well-armed personnel from the Nigeria Security and Civil Defence Corps.
Many parts of Nigeria, especially remote areas, have few policemen at the stations, thus making the task of protecting and defending the people difficult.
In view of the current security challenges facing the country, President Tinubu is desirous of boosting police presence in all communities.
Already, President Tinubu has approved the recruitment of 30,000 additional police officers. The federal government is also collaborating with the states to upgrade police training facilities nationwide.
Sunday’s meeting was attended by the Chief of Army Staff, Lt General Waidi Shaibu; the Chief of Air Staff, Air Marshal Sunday Kelvin Aneke; the Inspector General of Police, Kayode Egbetokun; and the Director-General of the Department of State Services, Tosin Adeola Ajayi.
PRESIDENT TINUBU ORDERS THE WITHDRAWAL OF POLICE OFFICERS GUARDING VIPS FOR CORE POLICE DUTIES
VP Shettima Departs South Africa To Represent President Tinubu At AU-EU Summit In Angola
By: Our Reporter
Following the conclusion of his engagements at the 20th summit of the G20 Leaders in South Africa, Vice President Kashim Shettima has departed Johannesburg for Luanda to represent President Bola Tinubu at the AU-EU Summit scheduled for Angola.
The Vice President will join other Heads of State and Government from the African Union (AU) and the European Union (EU) for the 7th meeting of the two bodies, scheduled to take place from November 24 to 25, 2025, in the Angolan capital, Luanda.
The AU and EU meeting will bring together young leaders, innovators and Civil Society Organisations to brainstorm on some of the shared challenges of the two unions.
It will also provide recommendations on how to address issues related to climate change, inclusivity in development, infrastructure, the digital economy, the creative industry, manufacturing, and agribusiness.
The Vice President will return to Nigeria at the end of the AU-EU summit.
VP Shettima Departs South Africa To Represent President Tinubu At AU-EU Summit In Angola
Troops neutralise six bandits, recover rifles as arson attacks escalate in Zamfara
PRESIDENT TINUBU ORDERS THE WITHDRAWAL OF POLICE OFFICERS GUARDING VIPS FOR CORE POLICE DUTIES
VP Shettima Departs South Africa To Represent President Tinubu At AU-EU Summit In Angola
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