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Inflation, Insecurity, Fuel Scarcity, Others Bane Of Nigeria’s Economic Growth

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Inflation, Insecurity, Fuel Scarcity, Others Bane Of Nigeria’s Economic Growth

By: Michael Mike

The President Association of Professional Bodies of Nigeria (APBN), Akin Oyegbola, has blamed the nation’s economic stunted growth on the nation’s high inflation, insecurity the incessant fuel scarcity.

He stated this during a press conference at the second APBN 2022, second board meeting held on Tuesday in Abuja

Oyegbola said, companies and factories have or are on the verge of shutting down as a result of the high cost of fuel.

He said: “In recent months, we have experienced Continiuos astronomical increase in the cost of diesel (AGO), as well as scarcity of Premium Motor Spirit (PMS), in some major cities. While we have no problem with the excuse offered by the government for cause of the scarcity and price hike, its effect on the economy can only be imagined. This re-emphasises the need for local production of petroleum products. We must revive our refineries. We believe this is the way out of the incessant cases of petrol scarcity.

“The economic loses due to high cost of diesel is massive. Inflation is very high, many companies, factories and airlines have or are at the verge of shutting down due to unsustainable cost of fuel.”

Oyegbola lamented the free fall of the Naira and the security situation and their impacts on the nation’s economy.

“The issue of insecurity has remained major concern to us. You would recall that one of the issues that came up at the board’s last meeting, and which formed a major thrust of board’s last deliberations; because of the seeming I tractability of this issue. The nation’s economy is being stunted, and may not attract the much needed investments as long as there are these palpable feelings of insecurity in the land. The board urges the board urges the federal government to sustain its onslaught against bandits, kidnappers and criminal elements across the country.

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“The free fall of the Naira against the dollar. While we are aware that the government through the Central Bank of Nigeria (CBN), is doing its best to get the Naira stable, we see the situation as a very worrisome one.”

He used the opportunity to call both the federal and state governments to engage APBN members in the development of the nation. “Any economy that that wants to develop must find a way to enlisting the services of its professionals. We believe the Nigerian governments (National and Sub-nationals), are not doing that enough. The board will, therefore, will like to use the to call on those in government to begin to look inwards for assistance. APBN boast of an array of qualified professionals that can rub shoulders with their peers anywhere in the world, and we are very ready for national assignments.”

On diversifying the nation’s economy he said Nigeria must move from mere slogans to practicalisation of  slogans 

In his explanations; APBN is an association of 30 Nigerian professional bodies. It is apolitical but a pressure of professionals, who expect their individual members to be political in order to make the changes that will bring integrity to the system.

He also said the challenges being faced by the nation today didn’t start with the current administration; they’re not expecting the current administration to sanitiser the system with less than a year left.

Inflation, Insecurity, Fuel Scarcity, Others Bane Of Nigeria’s Economic Growth

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ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

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ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

By: Michael Mike

The Economic Community of West African States (ECOWAS) has issued ECOWAS National Biometric Identity Cards (ENBIC) to more than 260 women traders in border communities between Senegal and Guinea-Bissau in a move aimed at strengthening regional integration and easing cross-border trade.

The cards were presented during a ceremony held on March 16, 2026, in the twin border communities of São Domingos and Mpack, with support from the German Agency for International Cooperation (GIZ).

The initiative, led by ECOWAS’ Directorate of Free Movement of Persons, Migration and Tourism, is designed to facilitate the movement of women engaged in cross-border economic activities while addressing administrative barriers faced by vulnerable populations who often lack awareness or access to ECOWAS travel documents.

The event brought together officials from both countries, including the Governor of Cacheu in Guinea-Bissau, Honorina Vasconcelos, and the Governor of Ziguinchor in Senegal, Mor Talla Tine, alongside representatives of national boundary commissions and the ECOWAS Commission.

Speaking at the ceremony, Vasconcelos expressed appreciation to ECOWAS for selecting São Domingos as a beneficiary of the pilot phase of the initiative, describing the programme as an important step toward strengthening regional integration and facilitating free movement across the sub-region.

Also addressing participants, Tine commended the programme and stressed the importance of transforming border communities into hubs of economic opportunity while maintaining vigilance against security threats and cross-border crime. He noted that around 100 women cross the Mpack–São Domingos border daily without adequate knowledge of required travel documents, highlighting the need for broader community sensitization.

Representing ECOWAS’ Director of Free Movement of Persons, Migration and Tourism, Obinna Ajugwo said the initiative demonstrates the organisation’s commitment to translating regional integration policies into tangible benefits for citizens.

He explained that the ECOWAS National Biometric Identity Card plays a critical role in facilitating cross-border travel while enhancing security through modern identity verification systems.

In total, 262 women traders received the biometric cards, a development that was greeted with enthusiasm and appreciation by beneficiaries who rely on daily cross-border trade for their livelihoods.

ECOWAS said the programme forms part of its broader efforts to strengthen border management systems, improve migration governance and advance the free movement of persons across West Africa.

Established in 1975 in Lagos, the regional bloc continues to pursue economic integration and cooperation among its member states, with a long-term vision of building an “ECOWAS of the People: Peace and Prosperity to All by 2050.”

ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

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VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

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VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

By: Our Reporter

Vice President, Senator Kashim Shettima, Borno State Governor, Professor Babagana Umara Zulum, joined thousands of muslim faithful to observe the Eid prayers at Ramat Square, Maiduguri.

The two units prayer were observed peacefully at the main Eid ground and other prayer grounds across the state under tight security, marking the end of the month-long Ramadan fast.

In a sallah message shortly after the sermon by the Imam Idaini of Borno, Shettiima Mamman Saleh, the Vice President called for unity and peaceful coexistence in the state and the country as a whole.

Senator Shettima assures the Federal Government Gommitment to protecting the lives and properties of the citizenry, stressing that the fight against insurgency would be tackled head-on.

The Imam Idaini admonished worshippers to imbibe the lessons learned during the holy month and encouraged Muslim faithful to give alms to the poor (zakatul fitr) and to fast six days in the month of Shawwal to receive Allah’s bounties and rewards.

Borno State Governor, Professor Babagana Umara Zulum, in a sallah message, called on faithful to recharge their spiritual beings towards rebuilding a secure, peaceful, and prosperous Borno.

He saluted the courage, resilience, and commitment of the people to all initiatives aimed at deepening security and peace-building among the various components of society, fragmented by the Boko Haram insurgency over the years.

The Eid prayer was attended by the Shehu of Borno, Shehu Abubakar Ibn Umar Garbai Almin El-Kanemi; the Borno State Deputy Governor, Umar Usman Kadafur; the APC Deputy National Chairman, North, Senator Mohammed Ali Ndume; and Senator Kaka Shehu Lawan SAN, Minister of State for Regional Development.

Other dignitaries include members of the House of Representatives and the Borno State House of Assembly, former deputy governors, the Secretary to the State Government, Commissioners, APC stalwarts, and other top government officials.

VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

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Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence

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Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence

By: Michael Mike

The Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to strengthen unity, tolerance and peaceful coexistence as Muslims across the country celebrate Eid-el-Fitr, marking the end of the holy month of Ramadan.

In a statement issued on Thursday in Abuja, the Director-General of the institute, Dr. Joseph Ochogwu, congratulated the Muslim Ummah in Nigeria and around the world on the successful completion of the Ramadan fast.

He said the occasion, which signifies the end of a period of fasting, reflection and spiritual devotion, provides an opportunity for citizens to renew their commitment to the values of peace, compassion and national unity.

Ochogwu urged Muslims to sustain the virtues cultivated during Ramadan—such as self-discipline, patience, charity and piety—beyond the festive period, stressing that such values are essential for building harmonious communities and strengthening the nation.

According to him, Nigerians must also rise above religious, ethnic and political differences and embrace mutual respect and peaceful coexistence as vital ingredients for national development.

“At a time when the country is confronted with complex challenges, unity of purpose and collective responsibility are crucial to overcoming divisions and building a more secure and prosperous nation,” he said.

The institute also expressed concern over recent security incidents in parts of the country, including the tragic bomb blast in Maiduguri, Borno State, which claimed several lives.

Ochogwu extended condolences to families of the victims, praying for the repose of the deceased and speedy recovery for those injured in the attack.

He reaffirmed the institute’s commitment to its mandate of promoting peacebuilding, conflict prevention and resolution across Nigeria, noting that IPCR would continue to work with government institutions, communities and other stakeholders to address the root causes of conflict.

The IPCR boss further urged citizens to remain vigilant, cooperate with security agencies and actively support peacebuilding initiatives in their communities.

“Peace is a shared responsibility, and every Nigerian has a role to play in safeguarding it,” he added.

Ochogwu also prayed that the Eid-el-Fitr celebration would usher in renewed hope, healing and unity for Nigeria while advancing peace, stability and national progress.

Eid-el-Fitr: IPCR Urges Nigerians to Embrace Unity, Peaceful Coexistence

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