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EBID Releases West Africa Development Outlook

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EBID Releases West Africa Development Outlook

EBID Releases West Africa Development Outlook

By Michael Mike

The ECOWAS Bank for Investment and Development (EBID) has officially released the 2022 edition of the West Africa Development Outlook (WADO), which takes stock of socio- economic developments of the previous year and presents a macroeconomic outlook for the year 2022.

The WADO discusses the socio-economic challenges of the times and postulates policy interventions that could help ease these challenges.

The 2022 WADO, which is themed, “Navigating Global Shocks through Structural Transformation and Trade”, discusses how the ECOWAS sub-region can mitigate the recent price escalation by increasing local production capacities, improving intra-regional trade and embarking on a deliberate structural transformation agenda.

It also discusses the causes of the recent price hikes as being structural and the need for cautious monetary policy interventions.

While announcing the release of the WADO, the President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, emphasised the importance of the review of key economic indicators as a way of highlighting the impact of recent global events on ECOWAS economies and postulating mitigating actions for policy makers’ consideration.

He stated that the WADO also highlights the opportunities and threats in the sub-region to guide the investment decisions of existing and would-be investors.

The Director of Research and Strategic Planning of the Bank, Mr. MacDonald Saye Goanue, spoke about the challenging macroeconomic environment the Community faces as a result of which growth prospects have been downgraded.

The elevated food and energy prices pose a great risk to fiscal consolidation and debt sustainability, while threatening to increase current account deficits and exerting pressure on local currencies. There is the need for a fiscal and monetary policy synchronicity to successfully navigate these challenges.

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21 kidnapped victims rescued at Enugu-Kogi border

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21 kidnapped victims rescued at Enugu-Kogi border

By: Zagazola Makama

Twenty-one kidnapped victims were rescued on Tuesday morning from a forested area along the boundary between Enugu and Kogi states, following a joint operation by security agencies.

Security sources told Zagazola Makama that the incident occurred on May 14 and the intelligence led to the deployment Army troops, police, neighbourhood watch groups, and forest guards to comb the area suspected to be harboring a gang of kidnappers and their captives.

The kidnappers abandoned the captives and fled upon the arrival of the joint security forces. The rescued victims were promptly taken to General Hospital Ogrute for medical examination and were certified fit.

Following their debriefing, the victims were safely reunited with their families. Efforts to track and apprehend the fleeing kidnappers are ongoing.

21 kidnapped victims rescued at Enugu-Kogi border

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Farmers-herders clash in Yobe leaves one dead, several injured

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Farmers-herders clash in Yobe leaves one dead, several injured

By: Zagazola Makama

A deadly conflict between farmers and herders in Nangere Local Government Area of Yobe State resulted in the death of one person and injuries to others, following an altercation over farmland trespass.

Security sources told Zagazola Makama that in the evening of May 13, a dispute broke out after an unidentified Fulani herder entered a farmer’s land with his animals.

During the confrontation, the farmer, Babayo Maina Osi, was shot in the forehead with an arrow and sustained injuries. The situation escalated, leading to a violent clash between the two groups.

In the ensuing fight, one Usman Mohammed, a 35-year-old resident of Chikuriwa village, was shot with an arrow and later confirmed dead at the General Hospital in Nangere.

Security personnel quickly intervened, sending detectives to the scene and restoring calm. Authorities recovered two cows and twenty-nine goats and rams allegedly seized by the farmers from the herders.

Leaders from both communities have been summoned for dialogue as investigations continue to prevent further escalation.
End

Farmers-herders clash in Yobe leaves one dead, several injured

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NYCP Congratulates Tinubu on Delivery on Forest Guard Promise

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NYCP Congratulates Tinubu on Delivery on Forest Guard Promise


….Calls for Community-Led Implementation

By: Michael Mike

The Northern Christian Youth Professionals (NCYP) has congratulated President Bola Tinubu for fulfilling one of his key campaign promises — the revitalization of the Forest Guard.

The group said as outlined on page 9 of the President’s Renewed Hope manifesto (2022), he has delivered on it, noting that this critical move marks a decisive step in addressing the security challenges posed by violent groups hiding in Nigeria’s forests.

A statement by the National President of the group, Isaac Abrak read: “We commend President Tinubu for not only remaining true to his word but also for demonstrating that he has listened to the consistent calls by our organisation and other concerned Nigerians.

“The revitalization of the Forest Guard was the cornerstone of our campaign across the Northern region. At several campaign engagements, we urged Nigerians, especially those from vulnerable communities, to support President Tinubu, assuring them that he would establish community-based security outfits and recruit local youth to protect their forests and communities. Today, we are grateful that this vision is being realized.”

Abrak further said: “This achievement vindicates our decision to campaign vigorously for President Tinubu. To God be the glory.”

He added that: “As this initiative moves to implementation, we call on the Office of the National Security Adviser and the Federal Ministry of Environment to ensure that recruitment into the Forest Guard is driven by community inclusion and integrity. We firmly reiterate our belief that individuals residing in and around the 1,129 forest areas across Nigeria should be prioritized for recruitment. Their familiarity with the terrain gives them a unique advantage in combating criminal elements and maintaining security within these forests.

“Moreover, the success of this initiative will depend heavily on a transparent and depoliticized recruitment process. We urge the Federal Government to avoid making the Forest Guard an avenue for political patronage or the recruitment of individuals with questionable backgrounds. Community leaders and security agencies such as the DSS must be consulted to vet candidates thoroughly. Only Nigerians with a genuine commitment to protecting their communities should be enlisted.

“Similarly we reiterate that at inception the Forest Gaurd can recruit and empoy a total of 185,000 youths taking 5000 from each state including the Federal Capital Territory-Abuja.”

He posited that: “The Forest Guard could represent the last viable line of defense in the effort to curb terrorism and banditry in both the North and South. Therefore, the integrity and effectiveness of this unit must not be compromised. We caution all stakeholders — including the President, the National Security Adviser, and relevant ministries — to shield this initiative from political interference.

“During training, recruits must be imbued with values of patriotism, discipline, citizenship, and the One Nigeria dream envisioned by our founding fathers. These values should guide their conduct and deepen their loyalty to the nation.”

He said: “The NCYP remains committed to supporting the government, particularly the Office of the National Security Adviser under Mallam Nuhu Ribadu and the Federal Ministry of Environment headed by Alhaji Balarebe Abbas Lawal, as they carry out this critical national assignment. We are ready to collaborate in community sensitization, monitoring, and providing local insights to ensure the success of this initiative.

“We believe that, with sincere implementation, the revitalized Forest Guard will become a cornerstone in securing Nigeria’s forests and protecting its citizens.”

NYCP Congratulates Tinubu on Delivery on Forest Guard Promise

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