Connect with us

News

Insecurity: Over 5000 Casualties, 3110 kidnapping between Jan 2023- March 2024- Nextier Report

Published

on

Insecurity: Over 5000 Casualties, 3110 kidnapping between Jan 2023- March 2024- Nextier Report

By: Michael Mike

Nextier, in its first quarter 2024 Nigeria Violent Conflicts Report on Wednesday, said there are 5,319 casualties, 3,110 kidnap victims, 1,500 Incidents of violent conflict between January 2023 and March 2024,

The organisation’s Senior Policy Research Analyst, Kenn Maduagwu while presenting the report in Abuja, lamented that despite decline in Boko Haram’s insurgency, the continued threat from ISWAP, evolving tactics, and underlying vulnerabilities has shown that terrorism remains a significant concern in Nigeria for 2024.

He said: “While fatalities have decreased in 2023, the overall toll remains significant. The conflict has resulted in widespread displacement of people. Which can exacerbate existing vulnerabilities and push families deeper into poverty.”

The report also showed gunmen attacks, banditry, farmer-herder conflict and kidnapping remain high risk conflicts across the country while civil unrest, maritime piracy, armed robbery, secessionism and communal clashes are low risk conflicts witnessed in the country.

“criminal gangs and terrorist groups will continue to use ransom kidnap as a means to finance their operations. The current ongoing agitation and government response might persist without significant changes, potentially leading to prolonged tension and instability,” the report stated.

Ndubuisi Nwokolo, a Partner at Nextier lamented the multifaceted impact of the conflicts, ranging from economic devastation to threats on education and humanitarian crises.

He said: “Nigeria’s ongoing violent conflicts have inflicted severe wounds on the nation’s economy, impacting livelihoods, food production, infrastructure, and overall development.”

“Prolonged insecurity erodes trust in government institutions. When the state fails to protect citizens, it risks losing legitimacy. As a consequence, ethnic militias and other non-state armed groups have emerged, operating in various regions,” he said.

Insecurity: Over 5000 Casualties, 3110 kidnapping between Jan 2023- March 2024- Nextier Report

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Zulum Approves Recruitment of Over 1,000 Health Workers, Revitalises 123 PHCs in Borno

Published

on

Zulum Approves Recruitment of Over 1,000 Health Workers, Revitalises 123 PHCs in Borno

By: Michael Mike

Borno State Governor, Prof. Babagana Zulum has approved the recruitment and absorption of 1,037 health professionals and support staff to strengthen primary healthcare delivery across Borno State.

The decision forms part of the state government’s broader effort to expand access to quality healthcare services at the grassroots and reinforce frontline medical services in communities across the state.

The Executive Secretary of the Borno State Primary Health Care Development Board, Professor Mohammed Arab Alhaji, disclosed the development, noting that the governor approved the employment and absorption of 985 health professionals and 52 supportive staff into Primary Healthcare Centres (PHCs) statewide.

He further revealed that the state government also approved the engagement of 341 additional health professionals through the Basic Health Care Provision Fund to complement the existing workforce and strengthen service delivery in health facilities.

Arab explained that the initiative aligns with efforts to achieve Universal Health Coverage while supporting the health component of the state’s long-term development framework.

According to him, a significant portion of the newly absorbed workers — 859 health professionals of various cadres — were drawn from the Multi-Sectoral Crisis Recovery Project and redeployed to PHCs across the state.

He added that another 111 health professionals and 52 support staff have been assigned to five health facilities located in Goni Damgari, Wulari, Shuwari, Miringa and Fikayel. In addition, 15 health professionals have been posted to two PHCs in Mobbar Local Government Area to address staffing shortages in the area.

Beyond workforce expansion, the governor also authorised the implementation of the new minimum wage for health workers alongside improved allowances aimed at boosting morale and enhancing productivity within the sector.

In a further push to strengthen primary healthcare infrastructure, the state government has completed the renovation and upgrade of 123 PHCs across Borno. The upgraded facilities have been equipped with solar-powered boreholes, essential medicines and medical consumables.

The revitalisation exercise was carried out through partnerships involving the state government, the National Primary Health Care Development Agency, the Global Fund and the IMPACT Immunisation Programme.

The interventions are part of ongoing efforts by the Zulum administration to rebuild and strengthen healthcare services in communities affected by years of insurgency while ensuring residents, particularly those in rural areas, have improved access to basic and affordable medical care.

Zulum Approves Recruitment of Over 1,000 Health Workers, Revitalises 123 PHCs in Borno

Continue Reading

News

Katsina peace talks with bandits collapse as kingpin turns rogue, imposes multi-million naira levy on Doma community

Published

on

Katsina peace talks with bandits collapse as kingpin turns rogue, imposes multi-million naira levy on Doma community

By: Zagazola Makama

Efforts at negotiating peace with armed bandit groups in Faskari LGA, Katsina State, have come under renewed scrutiny following a deadly attack by a notorious bandit leader who has imposed a multi-million naira levy on residents of Doma.

The incident point to the risks of engaging in dialogue with criminal elements without prior disarmament.

Local sources told Zagazola that Isiya Kwashen Garwa, a bandit reportedly involved in ongoing negotiations with the Katsina State Government, led a violent raid on Doma, killing more than 20 residents.

Shortly after the attack, the bandit leader demanded payment of a multi-million naira levy under threat of further violence, sending waves of panic through the community.

Residents have begun fleeing their homes, relocating to nearby villages for safety, citing fear of reprisal attacks. “People are leaving the town because they believe the bandits may return if the levy is not paid,” one local source said. Many villagers, already impoverished by repeated attacks, destruction of property, and cattle rustling, said they cannot meet the exorbitant demands.

The attack raises questions about the role of local government officials in the fragile peace process. A viral video circulating on social media showed the Faskari LGA Chairman and the local councillor condemning army troops after they responded to a bandit attack while peace talks were ongoing.

The local government officials have frequently attend bandits naming ceremonies, often bringing bandit leaders closer to villagers, effectively blurring the line between dialogue and complicity.

Security analysts warned that negotiations without enforceable disarmament or credible security measures are inherently temporary. Zagazola Makama had earlier cautioned that bandits involved in such talks could easily turn against communities at any time, a prediction that appears to have materialized in Doma.

On the federal level, the Minister of Defence, General Christopher Musa, reiterated that state governments negotiating with bandits are “on their own” and that the Nigerian Armed Forces do not support such programs due to the fact that the bandits often return to their crimes after many occasions.

The imposition of illegal levies has become a common extortion tactic in North-West Nigeria, and the Doma incident illustrated the precariousness of communities caught between armed groups and ineffective local governance.

Security agencies continue operations targeting bandit enclaves in Katsina and neighbouring states, but residents have called for increased protection to enable displaced families to return safely and resume normal economic activities.

This episode may mark a turning point in Katsina’s approach to banditry, signaling that dialogue without enforcement, disarmament, and close coordination with national security forces could have deadly consequences for local populations.

Katsina peace talks with bandits collapse as kingpin turns rogue, imposes multi-million naira levy on Doma community

Continue Reading

News

AI Finance Revolution In Africa: Why Aurum Foundation Is Positioning Itself At The Forefront

Published

on

AI Finance Revolution In Africa: Why Aurum Foundation Is Positioning Itself At The Forefront

AI Finance Revolution In Africa: Why Aurum Foundation Is Positioning Itself At The Forefront

The global financial landscape is undergoing one of the most significant transformations in modern history.

Artificial Intelligence (AI), blockchain technology, and digital financial infrastructure are converging to create what experts now describe as AI Finance a new era where technology automates wealth creation, enhances access to financial services, and unlocks real-world asset opportunities for everyday people.

At the center of this emerging movement is Aurum Foundation, a fast-growing fintech ecosystem designed to bridge the gap between traditional finance, digital assets, and real-world investment opportunities.

What Is AI Finance?
AI Finance refers to the integration of Artificial Intelligence, algorithmic trading systems, decentralized finance (DeFi), digital payments, and asset tokenization into a unified financial framework.

Rather than relying solely on human decision-making, AI Finance leverages data analytics, automation, predictive modelling, and smart execution systems to:
Optimize investment strategies
Reduce emotional trading risks
Improve financial inclusion
Create multiple streams of income
Enable faster and borderless transactions

For Africa — a continent with a young population, increasing smartphone penetration, and limited access to traditional banking — AI Finance represents not just innovation, but financial empowerment.

Introducing Aurum Foundation
Aurum Foundation is positioning itself as a next-generation fintech ecosystem with over 14 interconnected fintech products designed to help individuals, businesses, and institutions participate in the evolving digital economy.

Some key components of the Aurum ecosystem include:
1. AI Algorithmic Trading Systems
Automated trading bots analyze market data, execute trades, and manage risk parameters in real time. These tools are designed to help users participate in crypto and digital asset markets without requiring advanced trading knowledge.
2. Digital Crypto Exchange
Aurum provides an exchange infrastructure where users can buy, sell, hold, and manage digital assets seamlessly.
3. Crypto-Fiat Integration
Through fintech cards and payment infrastructure, users can convert digital assets into spendable money — enabling real-life usage of crypto for:
ATM withdrawals
Payments for goods and services
Cross-border transactions
4. Growth & HODL Functions
Investment tools designed to help users grow their digital assets over time while maintaining exposure to market appreciation cycles.
5. Agentic AI Financial Tools
AI-powered systems that support portfolio management, financial planning, and automated execution of investment strategies.
6. Real-World Asset (RWA) Tokenization
Perhaps the most groundbreaking component Aurum’s focus on tokenizing real-world assets such as gold.

The Sierra Leone Gold Tokenization Deal: A Turning Point
Aurum Foundation has reportedly entered strategic collaboration frameworks linked to the tokenization of gold resources in Sierra Leone.

This signals a broader shift in how Africa can digitize and monetize its natural resources.
Gold tokenization allows:
Fractional ownership of physical gold
Global liquidity access
Reduced barriers to entry for investors
Transparency via blockchain
Wealth preservation instruments for inflation-prone economies
Ghana — another gold-rich nation — is being discussed as a potential next frontier.
This raises a powerful question:
What about Nigeria?
What Can Nigeria Tokenize?
Nigeria is one of Africa’s most resource-rich countries. Beyond oil, the country possesses enormous untapped potential for tokenization:
Natural Resources
Gold deposits (Zamfara, Osun, Niger State)
Lithium and rare earth minerals
Agricultural commodities (cocoa, cashew, sesame, palm produce)
Solid minerals (limestone, bitumen, tin)
Real Estate Assets
Tokenizing property can allow Nigerians to invest in fractional real estate ownership, improving housing finance accessibility.

Government Infrastructure Bonds
Blockchain-based tokenization could increase transparency and participation in infrastructure funding.

Creative Economy Assets
Music royalties, film rights, sports investments — Nigeria’s booming entertainment industry presents tokenization opportunities.

Why AI Finance Matters for the Average Nigerian or African Financial Inclusion Millions remain unbanked. Fintech ecosystems like Aurum can provide digital wallets, payments, and investment access via smartphones.
Wealth Creation Opportunities

Traditional investment vehicles often require high entry capital. Tokenization and AI-driven tools lower the barrier.
Inflation Protection With volatile currencies, access to diversified digital and real-world assets can support wealth preservation.

Global Participation Africans can participate in global markets without geographic limitations.

New Income Streams Affiliate systems, staking opportunities, AI trading participation, and digital finance education can create alternative earnings.

Risks and the Need for Education

While the opportunities are compelling, AI Finance and digital assets also carry risks:
Market volatility
Regulatory uncertainty
Technology adoption challenges
Fraud and misinformation
This makes financial literacy and due diligence critical for participants.
The Bigger Picture: Africa’s Financial Renaissance
Africa stands at a defining moment.
Just as mobile money transformed payments across East Africa, AI Finance and tokenization could redefine:
Investment access
Resource monetization
Cross-border commerce
Wealth distribution
Platforms like Aurum Foundation aim to become catalysts in this transition by combining technology, digital finance infrastructure, and real-world asset integration.

Conclusion
AI Finance is no longer a futuristic concept it is rapidly becoming the present reality of global finance.
For Nigerians and Africans at large, the emergence of ecosystems like Aurum Foundation presents both an opportunity and a responsibility:
Opportunity to participate early in evolving financial systems
Responsibility to understand, evaluate, and engage wisely

As Sierra Leone explores gold tokenization and other African economies consider similar frameworks, the question is no longer if Africa will digitize its wealth but who will lead the transformation.

The future of finance may very well be AI-driven, asset-backed, and globally connected and Africa has a critical role to play.

LawyerTAJ is a lawyer, cryptoTrader and a CryptoPreneur who is from Sapele Delta State and writes from Lagos, Nigeria

AI Finance Revolution In Africa: Why Aurum Foundation Is Positioning Itself At The Forefront

Continue Reading

Trending

Verified by MonsterInsights