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Socio-Economic Implications of Downfall of Naira 

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Socio-Economic Implications of Downfall of Naira 

Socio-Economic Implications of Downfall of Naira 

The Socio-Economic Implications of The Downfall of The Naira: A News Analysis by Solomon Asowata, Lydia Ngwakwe and Rukayat Moisemhe

Financial experts say the continuous downfall of the Naira has worsened the living standards of Nigerians and made inflation to rise.

The experts told the News Agency of Nigeria (NAN) in separate interviews that if the local currency continued to fall against the dollar, it could pose great consequences for the economy.

A professor of Finance and Capital Market, Uche Uwaleke, said that the free fall of the Naira was not in the interest of the economy.

“The consequences are grave for the economy. The rising inflationary pressure is not unconnected with imported inflation.

“The official exchange rate which is now higher than the 2022 budgeted figure will end up widening the government’s budget deficit.

“It will equally increase oil subsidy, which may push the economy into deeper debt.

“Again, in terms of the naira equivalent of servicing government foreign loans, the burden will also increase,’’ he said.

According to Uwaleke, the only benefit of naira depreciation is to the Federal Government and the Sub Nationals which naira equivalent of the Federal Accounts Allocation Committee (FAAC) distribution might increase.

“But of what use is an increase in the quantity of money which value is eroded by inflation?

“Naira depreciation ordinarily should help the country’s Balance of Payments position through discouraging imports and making exports cheaper.

“Unfortunately, this does not happen given Nigeria’s weak export base and Nigerians penchant for foreign goods.’’

He said that Nigeria needed a strong currency to be able to provide the required leadership in Africa, especially in the context of African Continental Free Trade Agreement.

Sheriffdeen Tella, a Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun, said the downfall of the naira was what caused the rising inflation.

“Its what is causing inflation and difficulty in production presently.

“Prolonged situation can affect employment and general welfare of citizens, just as it can cause expected global recession arising from the Russian war with Ukraine which will affect Nigeria in no small measure,’’ he said.

Ndubisi Nwokoma, the Director of the Centre for Economic Policy Analysis and Research of the University of Lagos, Akoka, urged the Central Bank of Nigeria (CBN) to increase the supply of foreign exchange and manage demand.

“The fall of the Naira has had serious socio-economic implications for the average Nigerian. Inflation has been skyrocketing and living standards getting worse. Challenges of insecurity also add to all these,’’ he said.

The downfall of the naira has had a huge impact on the oil and gas industry as well, which is critical to the socio-economic development of Nigeria.

The situation is further worsened by the ongoing conflict between Russia and Ukraine with the price of crude oil averaging about 120 dollars per barrel in recent weeks.

This has led to a rise in the prices of petroleum products such as Jet A1 (aviation fuel) diesel, kerosene, Premium Motor Spirit (petrol) as well as Liquefied Petroleum Gas (cooking gas).

Presently, the cost of diesel ranges from N650 to N800 per litre across the country, while aviation fuel according to domestic airline operators is selling for between N600 and N700 per litre depending on the location.

Similarly, kerosene is retailing at N650 per litre in some filling stations while a 12.5kg cooking gas cylinder is being sold at between N9,000 to N10,000 to end users.

According to the Major Oil Marketers Association of Nigeria (MOMAN), the landing cost of PMS is currently above N400 per litre, compelling the Federal Government to spend huge amounts in subsidising the product to retail for N165 per litre.

Mr Clement Isong, the Executive Secretary, MOMAN, empathised with Nigerians and the government over the challenges being faced as a result of the rising cost of crude and its derivatives at the international market.

He said lack of access to foreign exchange was one of the reasons for the increment in the retail prices of aviation fuel and diesel.

Isong also decried the subsidising of petrol by the government with huge funds that could be deployed to other critical areas of the economy such as education, health care and infrastructure development.

“A return to cost recovery and free market and competitive economics (including access to foreign exchange at competitive rates) is inevitable for the sustainability of the production and distribution framework in the petroleum downstream industry,’’ he said.

Mrs Nkechi Obi, the Managing Director, of Techno Gas Ltd. also called on the Federal Government to intervene in halting the rising price of cooking gas in the country.

Obi, who made the appeal while speaking during a panel session at the recently concluded Nigerian Content Midstream and Downstream Oil and Gas Conference in Lagos, said the product was becoming unaffordable to Nigerians.

Obi said since marketers were importing over 60 per cent of the LPG consumed in Nigeria, it was imperative that the government should make forex available to them at competitive rates.

Obi said this would reduce the cost of the product and make it affordable for Nigerians who were already returning to using kerosene stoves and firewood for cooking.

Mr Michael Umudu, the National Chairman, the Liquefied Petroleum Gas Retailers (LPGAR) branch of National Union of Petroleum and Natural Gas Workers (NUPENG), described the situation as worrisome for both retailers and consumers.

“The worrisome aspect of this development is that it has continued to rise on daily basis for weeks now but began to escalate in the last few weeks leading to significant increases in both depots and retail outlets.

“For us as retailers, it is a big problem because we can’t even afford to stock up our shops and even when we do, it will take time before we can make enough sales to get back our investments.

“What we find now is that people even bring in 12.5kg cylinders but opt to fill them with less than 6kg of gas just to manage at home.’’

Umudu, therefore, appealed to the government to create a dedicated forex window for LPG importers to help bring down the cost of cooking gas.

Dr Muda Yusuf, an economist attributed the downfall of the naira to consequences of the CBN fixed exchange rate regime and administrative allocation of foreign exchange.

Yusuf, also founder, Centre for the Promotion of Private Enterprises (CPPEs), said the policies had created a huge enterprise around foreign exchange, round tripping, speculation, over invoicing, capital flight among others.

He said that the action of the apex bank amounted to tackling the symptoms rather than dealing with the causative factors, which was not a sustainable solution.

“It is regrettable that the CBN does not believe in the market mechanism, yet market systems are time tested as instruments of efficient resource allocation in leading economies around the world.

“Of course, market failures are recognised in economics, and these cases are exceptions that can be identified and dealt with.

“A market based management framework will restore calmness and stability to the foreign exchange market.

“Although, there may be a momentary spike in the exchange rate, but stability and gradual appreciation of the rate would follow soon after.

“Suppressing the market is like swimming against the tide, it is a difficult battle to win,” he said.

Yusuf likened moving retail forex transactions from Bureau De Change (BDC) to the banks to “kicking the can down the road’’, stating that the same issues would manifest even with the banks.

He noted that the BDCs were generally more accessible, required minimum documentation, had short response time and better interface with the Small and Medium Enterprises and the informal sector, the dominant players in the Nigerian economy.

He said that the way out of this free fall of the Naira was for the CBN to allow the market to function.

Yusuf said it was also imperative for the apex bank to de-emphasise demand management and focus on strategies to stimulate foreign exchange inflows.

According to him, a fixed exchange rate regime is a major disincentive to inflows as it creates enormous pressure of demand for foreign exchange.

Dr Chinyere Almona, the Director-General, Lagos Chamber of Commerce and Industry (LCCI), noted that the Naira had recorded unprecedented volatility already in the first quarter of 2022.

This, she said was due to the widening premium between the official (NAFEX) rate at N415 per dollar and the BDC/Parallel market rate of N580.

She said that the position of industrialists was for the monetary authorities to liberalise the foreign exchange market by unifying the multiple rates and ensuring that the rates were market-driven.

This, Almona posited was critical to the process of enhancing stability, liquidity, and transparency in the foreign exchange market.

She said the unification would improve the country’s currency management framework given that the multiple exchange rate systems had been creating uncertainty issues and sources of arbitrage.

“The CBN needs to initiate a gradual transition to a unified exchange rate system and allow for a market reflective exchange rate.

“The currency market is still beset with persisting liquidity challenges evidenced in the wide premium between the NAFEX and parallel market rates.

“To consolidate on the interventions earlier initiated, the CBN needs to roll out more friendly supply-side policies to boost liquidity in the market.

“This would help bolster investor confidence and attract foreign investment inflows into the economy.

Almona also stressed the need for more deliberate efforts toward making the business environment more conducive for Micro, Small and Medium Enterprises (MSMEs) and large corporates at the national, subnational, and local government levels are imperative.

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Features/Analysis

UMTH: A need for assistance due to Maiduguri’s terrible flood

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UMTH: A need for assistance due to Maiduguri's terrible flood

UMTH: A need for assistance due to Maiduguri’s terrible flood

By: Dr. James Bwala

Those who recently visited the University of Maiduguri Teaching Hospital (UMTH) expressed dissatisfaction with the flood-soaked equipment and the enormous amount of money required to restore it to operational condition. This is particularly true of the machines in the radiology department, the cancer center, the hospital stores, the child institute, the trauma center, the burn center, and numerous other centers. The largest hospital in sub-Saharan Africa, with a capacity of over 1300 beds, takes pride in it. These have exacerbated the management’s efforts to devise a plan to restore UMTH to its pre-flood pedestrian status and ensure that it regains its position as a behemoth on the West African pride stage

In fact, the University of Maiduguri Teaching Hospital (UMTH), which has been badly damaged, has made urgent appeals for help in response to the recent flooding in Maiduguri, Nigeria, after the Alau Dam, a vital water supply for the city, collapsed, Maiduguri was hit by unheard-of flooding that flooded half of its land and impacted more than two million people. Due to significant damage to its infrastructure and equipment, the hospital—which is essential for medical services in Borno State, Nigeria, and west Africa—was shuttered for two weeks. Basic services will soon restart, but full operational capacity is still questionable. As a result, the government, as well as motivated individuals and organizations, must take the necessary actions to make full operationality a reality.
Beyond just providing healthcare, the humanitarian crisis has made pre-existing issues like food shortages and displacement among vulnerable groups worse. Around a million people have been affected by the floods, and there have been reports of a rise in family separations, gender-based violence, and illness epidemics that need immediate medical attention. As a result, UMTH, which offers incalculable assistance to families attempting to restore their health in the face of tremendous destruction, needs immediate support.

Read Also:https://newsng.ng/special-report-umth-professor-ahmed-ahidjo-a-historic-shift-in-hospital-management/

This circumstance emphasizes how urgently governments and international organizations must coordinate their assistance efforts. For the purpose of meeting urgent needs in Maiduguri and the adjacent areas, the United Nations High Commissioner for Refugees (UNHCR) is actively looking for more resources. To guarantee proper healthcare service returns at the UMTH, the UN agencies and other INGOs should also concentrate on the University of Maiduguri Teaching Hospital. The long-term recovery prospects for people and healthcare facilities like UMTH remain dire in the absence of prompt action and consistent support from multiple stakeholders.

It is crucial that government agencies and motivated citizens work together to support organizations like UMTH in the face of frequent flooding. In addition to displacing people, floods destroy livelihoods, resulting in a vicious cycle of poverty from which it is difficult to break. This poverty raises the likelihood that healthcare services will collapse, especially when diseases are spreading. All hands must be on deck to specifically look into the needs of health institutions at this time to lessen the impact of disease outbreaks as Maiduguri has started to experience, as a breakdown in medical equipment will further short-lived efforts in managing such epidemics.

In order to prevent the degradation of vital medical services, UMTH management has called for safe collapsing equipment due to flooding. Government agencies and concerned citizens must unite to offer the University of Maiduguri Teaching Hospital (UMTH) immediate support and resources in their fight against flood damage. As we have seen at the UMTH, the teamwork may act as a beacon of resilience, demonstrating the effectiveness of shared accountability and group efforts in reducing the effects of disasters.

In addition to guaranteeing the continuation of vital healthcare services, this united front promotes a culture of readiness and adaptability that goes beyond the current crisis management of healthcare services at the UMTH due to equipment shortages. Furthermore, UMTH’s ability to withstand future flood events can be greatly increased by addressing its infrastructure vulnerabilities through targeted interventions. This will protect public health and minimize medical service disruptions, which is especially important for the people of Borno State at this time.

In order to do this, government organizations must give top priority to financial and policy measures to strengthen UMTH’s infrastructure against flood threats. In addition, enthusiastic people can help by participating in community-based projects and fundraising campaigns that directly benefit UMTH, thus enhancing governmental actions. We can establish a sustainable framework that not only tackles current issues but also establishes the foundation for long-term resilience against future calamities by cultivating a strong collaboration between governmental programs and community-driven initiatives.

Dr. James Bwala, PhD, writes from Abuja

UMTH: A need for assistance due to Maiduguri’s terrible flood

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My Binoculars: Of the ten-day protests, the health sector, malnutrition, and the failure of the government to care for the ordinary and vulnerable in Nigeria

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My Binoculars: Of the ten-day protests, the health sector, malnutrition, and the failure of the government to care for the ordinary and vulnerable in Nigeria

By: Bodunrin Kayode

A recent critical debate within a platform of journalists of like minds prompted me to peep into my binoculars after a long absence. I usually enjoy such healthy debates, especially when we are trying to set an intricate agenda for ourselves to get the government at all levels to work harder for the people to whom we have sworn allegiance. work for and make comfortable. My attention was drawn to the fact that the Borno state government had to rush to take care of a vulnerable family whose breadwinner had virtually lost financial control and was unable to feed his family, leading to acute malnutrition affecting his kids. It was a pitiable sight if those grim pictures of Kwashiorkor I saw were the exact impression of what happened to the family. It was a clear indicator that food itself is medicine, and hunger can threaten and destroy the very health sector in Borno State and Nigeria if caution is thrown to the wind. Food is spiritual to Africans, so do not use it as a political weapon. get people to submit to you. They will surely fight back in due time.

Such sights are really not new in Borno within the last decade of my reporting of insurgencies and the health of the people. This is because the Boko Haram scourge actually gave rise to many of these ugly sights, which I have seen myself while hobnobbing with the health emergency. sector at the World Health Organization (WHO) center by the eye clinic on Damboa Road, Maiduguri. But this sight I saw, which led to our debate, was likely driven by the recent economic policies of the federal government against the masses of the country. One of the policies
which I have nothing against except for bad implementation, is the removal of subsidies on petroleum products, especially premium motor spirit (PMS). I believe the removal was done in the interest of the masses to torpedo the ruthless power of the petrodollar cabal, which has been feeding fat on the Commonwealth of the people. As much as the intention of removing it was good, the government’s fatal mistake, however, was that it was too sudden. It could have been done in a planned in a staccato manner so that the common man and the poorest of the poor will not have to be so devastated as to lose their economic powers to feed their families. Many pensioners who could not buy drugs for terminal illnesses have gone to the great beyond in Northern Nigeria because of the sudden hike in drugs. A retired teacher and widow I knew directed her grown-up kids to take her home when the doctors told her of the failure of both kidneys and that she would have to undergo dialysis to stay alive. She has since been buried. because the traditional herbs she resorted to to fix her kidneys could not help her advanced case of failure. Such cases should have been funded by the federal government without batting an eyelid.

The second unnecessary slap on the ordinary resident and the poorest of the poor is the weakening of the naira by a shark-like fiscal policy called flotation induced by the International Monetary Fund (IMF) and the World Bank, who feel that development economists in Nigeria advising previous governments to resist it were so naive not to know that our naira is overvalued. One wonders how much these foreign “economy killers” know of Nigeria that they will need to guide our fiscal engineers on such a devilish policy that is virtually killing people, which is why there was a need for a ten-day protest to send a message to the federal government to reverse some of these corrupt-laden policies they have unleashed on our common purchasing power. Within the fiscal rhetoric of development economists in the All Progressive Congress (APC)-controlled government, the constant importation of petrol into an oil-rich country like Nigeria itself
cripples the naira. Swap deals of crude oil with powerful cartels, which have been estimated to be beyond three billion dollars, are a major clog in the wheels of economic progress. It is one of the reasons why the Dangote refinery is not receiving enough crude to pump. into the system and bring down the price of premium motor spirit (PMS). The argument of some of the big players in the industry is that Dangote is a newcomer, and he must wait for his turn to be lined up in the queue like every other person. I find such arguments myopic and insulting the common man whose relatives died in the cause of the last protest. Sadly, so many questions have been bugging the minds of helpless, right-thinking people in the country concerning the myriad mistakes of the federal government. Questions like, Why go further to float an already weak currency due to fiscal mistakes to achieve a target that aims to destroy the foundation of the country? Who are those angry with Nigeria for having one of the cheapest pump prices within the Organization of the Petroleum Exporting Countries (OPEC) block? Are we sure some people somewhere have not sat down to plot to torpedo the biggest economy in By pulling the rug under the economic intelligence agencies, who should give contemporary Intel on blue-chip companies like NNPC to the government? And why are the young people so angry with this government?
which campaigned to be better than that of its predecessor? What is the role of too much party politics and the alleged insulating of the leaders from the economic reality on the ground?

Contribution of the partisan politicians and their party mechanisms to the impoverishment of their people

Since 1999, the political party machinery has always been the spoiler and hater of the middle and lower classes of people everywhere. They make so much free money from the weak institutions in the system that only those who can sing “dangerous songs” while looking into the eyes of
The political powers that be may be allowed to save the situation. That is, if they are not punished for daring them like they did to Senator Ali Ndume, a teacher turned politician, for speaking the truth to power. Most watchers of the polity were bewildered by the decision of the APC recently, who never saw anything right in a fearless politician making a fair comment against perceived wrongs of his party in sorting salient issues in the polity, including hunger. It is my opinion that
He only wanted his president to free himself from the “Lagos paddy paddy” cage they locked him in and come out to see the litany of economic woes that even his own people suffer from. That is my perception of what happened, surely not the mundane way they perceived it. It was an anti-party outburst in his criticism of wrongs in the “Arise” interview. The presidency should not start and end on the desk of the chief of staff, Oga Femi, who is a Lagos man like President Tinubu. Nigeria is far bigger than Lagos and the paddy’s of Lagos put together.

Let’s ponder some unfortunate credibility issues affecting the APC, which is why former President Obasanjo posited recently that, left to him, some of the leaders walking inside the corridors of power should
be in jail by now. By the way, who is the head of the ruling party, and what are his antecedents now? They cannot claim to be saints far different from the Peoples Democratic Party (PDP) after the maladministration of the last eight years, in which corruption was celebrated in another big way. They have now decided to unleash a chairman. of their party, who had suffered from well-reported grievous credibility issues himself when he was a governor of Kano State known to polity watchers in the country. Now we hear that the hoodlums who infiltrated the ten-day protest in Kano have stolen the record of evidence of corruption against the former governor turned party chair. President Obasanjo indeed cannot be extricated completely from the wrongs of some of these leaders who have held sway in power, like former President Goodluck Jonathan, whom he single-handedly chose to be deputy to President Yaradua but who was too weak to stop the open stealing practiced under his watch. The litany of woes orchestrated by corruption continued and stank heavily under President Mumamadu Buhari, while Betta Edu announced it under President Tinubu and received a suspension. Obasanjo is well aware that neocolonialism is real and may not be the only solution to a system that has been completely destroyed by the self-aggrandizement of the commonwealth of the nation by a few hawks who have now formed a shark-like petro-cabal already strangling over 200 million Nigerians to death with sudden lack and increased poverty through Petro politics.

Open stealing of palliatives by some ruling party stalwarts in Borno

I have a neighbor of mine who is regarded as the “woman leader” of the APC in Maiduguri and who gets several bags of palliatives each time they are declared by President Bola Tinubu or Governor Babagana Zulum to ease hunger. I would withhold her name for now because, even though she’s half-illiterate, it’s her wrongdoing that one is bothered about. She often sells some of the grains and keeps some in her home for consumption. Mark, food sharing in Maiduguri started long ago as a result of insurgencies, surely not due to economic reasons. And that is
Why, when sharing This middle-aged woman gives only those in her area loyalty, regardless of which party you belong to. Especially those who can lick her dirty boots. A generation of people in this area on the outskirts of Maiduguri who have nothing to do but wait only for Palliatives from the party and non-governmental organizations rely on her support, which she gets from prominent party leaders like Kakina, who is the mother of all women in the party. Sadly, this Chibok-born woman got her connections from stalwarts she grew up with and still
interacts with making it look like it’s her personal efforts that are feeding the vulnerable. She even named one of her sons after one of the party buffs to cement her loyalty within the corridors of the Borno APC power space. These kinds of perverse people also wait for non-governmental organizations (NGOs) who come around sharing food.
tickets through their Bulama, who residents say is as dangerous as a fox, having sold most of the lands and houses in the area with the support of one of the influential sons of the powers that be in the land. That is how far some people in party politics can go in the enslavement of their fellow residents using food that should be shared freely to assist rather than to entrench the scourge of hunger.

Party stalwarts like Senator Kaka Shehu, who used to fight for the poor through these kinds of people, would be shocked at the number of people that have been stripped bare of their livelihood by the current economic policies, yet they can’t get palliatives of seeds to even farm. during the rains if they are not related to the party. We are talking of the same party that brought the full weight of the dangerous conditionalities of the IMF to Nigerians. Sometimes one wonders who told them that our naira is so overvalued that it must be floated to reach their target of at least 5000 naira to a dollar or more. The floating of the naira by the central bank may have had its good and bad sides against residents. But I believe the bad side is higher because even the hard drug sellers destroying the young people of their party on Baga Road now complain of a bad market due to the naira devaluation. Party Tugs now ration the rate at which they buy weeds in the open market.

Why was there increased violence in some areas of the Borno capital?

It was quite clear that Borno had its fair share of violence during the protests, and sadly, eighty percent of those who jumped into the streets were kids who may not know even the reasons for the protests in the country. It was unfortunate that some people had to die considering the fact that Borno is battling with insurgency, which is
yet to come to an end. I don’t live in Bulunkutu, but I can tell you that one of the reasons why the recent protest against the government in Bulunkutu was so intense was because some stalwarts allege that the same party has not been fair to most residents there. As a matter of fact, even up to Ngomari since the death of an APC woman leader in June 2023 who died after a crash inside a Keke napep. Of course, she died while seeking medical treatment at Umaru Shehu Hospital under under the watch of Dr. Emmanuel Philibus, the Gwoza-born, strong man who the governor vowed would be sanctioned but is still there with no public explanation for his misdemeanor.

Intel sources stated that 90 percent of the palliatives meant for people in the hinterlands of Bulunkutu never got to them, and the people have been very bitter with the APC ward and local leaders out there. Even some party leaders beyond the old railway areas inside Bulunkutu were livid with rage when the party suggested that the very first palliative sharing for them last year should be done at the Bakasi idp camp, very far from “yan nounou” or the deep hinterlands, where 200 naira for the “Akara” snack is no longer enough for breakfast like before. That was why, at the instigation of the young people, the governor It was easy to start from there. When other wards in the metropolis saw this, hell was let loose even after the governor had called them into the multipurpose hall in the government house to beg for peace to reign and then the 24-hour curfew. And this window dressing was done by renting a home for the Kwashiorkor kids and their parents in Shuari. But are they the only ones suffering from malnutrition? The answer is no. The truth is that the party leaders are the very ones who unleashed this frightening malnutrition on their own. It’s a garbage-in and-out situation. You cannot vote for an ex-convict like
The Americans are trying to do it simply because he has a party card and expect him to behave in the right way when he gets into office. You don’t expect known thieves, based on the Economic and Financial Crimes Commission’s (EFCC) record, to behave any differently from what they know how to do, which is to steal. Which is why I agreed with one of the debaters that the stalwarts and party leaders should take the blame for any wrong done to the people at the bottom. If they don’t, they should be seen as insensitive to the plight of their people. Now
The party wants to window dress just one family for the world to see instead of doing the right thing and refusing to scapegoat anyone who does the right thing. The way to help the vulnerable is to cut the party system out of these palliative tasks and allow religious
organizations like the Christian Association of Nigeria (CAN) and (JNI) and the civil society to do the job of sharing raw food stuffs when it is necessary. It is obvious Governor Babagana Zulum may not fully trust his own party machinery when it comes to sharing food stuff, which is why he does most of the sharing himself instead of allowing what should go to the common man to pass through the depraved minds of some party tugs who are regarded as leaders in the 27 council areas of the state.

Pre-empting the next protest with solutions, not tough talking speeches

As for the ten-day protest, I would say its aims were partially achieved in the sense that those who were not telling President Tinubu the untruths of the flotation of the naira and what it had done to the country were silenced. The president and his wife, Remi, would have I watched these protests live from their living room inside Aso Rock, and I can imagine Aunty Remi telling him to do something different from what the fiscal engineers like Wale Edun packaged by the West are saying. I don’t believe President Tinubu can be caged because he is an old businessman who understands all the intrigues behind the controversial oil industry. He is also coming from the home of a market woman and a wife who understood the price of gari before 2014, and now that it is about N1500 and more for a small paint cup in some states.   Above all, he does not have a docile woman in his life as a housewife. Remi was and still is a senator of the Federal Republic of Nigeria. She only stepped aside to assist in the supervision of his life in the State House, considering the critical nature of his health. She is a Senator of the Federal Republic on leave who would dare get to the market for herself to buy stuff, but for the overprotection of some indolent security details who would remind her of her kitchen staff. But I believe she knows how much a cup of gari is in Saki, Abeokuta, Dutse, Okigwe, or even in the Okumagba area of Warri. She
should be telling his excellency the truth about the anger of Nigerians over the high cost of food or drugs to patch their health as a result of the devaluation of the naira. She should be advising him on how to avoid offending the young people so that they will not shut down the country for a second time. That will not be.
pleasant at all.

One is happy, however, that one of the aftermaths of the protests was the announcement by the government that very soon, all graduates of tertiary institutions would be given a stipend until they got a job. That is an exciting development that should have started long ago. In fact, it should have gone side by side with the National Youth Service Corps (NYSC), but it is not too late. We would also suggest that the health insurance scheme be adjusted to cover free of charge all seniors from the age of 70 and above. As a matter of fact, a special fund should be created to take care of the healthcare of seniors over the age of 65. There is no need for any contribution; just show up at the hospital with your national ID card, and you are registered. As long as one is a senior, treatment should be free and on the account of the government in all 36 states. That would extend the life expectancy.
of residents in the country.

Obvious solutions to hunger and homelessness in the land

As for food security, nobody should be allowed to go to bed hungry if they possess a national ID card. Billionaires in the country should be called upon to urgently contribute to building “soup kitchens” all over the country. We can start with 500 of them for a start in the
country, but we need at least a thousand kitchens scattered in the 36 states of the federation to kill hunger and malnutrition. That is an average of about 27 outlets per state, regardless of the council areas and the population. Rich states like Lagos can have more, depending on the council areas. The intention is to make sure that every child of vulnerable age can branch, stay in line, eat a good meal, and go home. Soup kitchens should be open till midnight daily and by 5 a.m. for breakfast, so they eat before going to school. As a matter of fact, the building of soup kitchens for the vulnerable to go eat daily till the end of the first tenure of the government would be a welcome development. At least that has always been the advocacy of Senator Ali. Ndume for a long time before now. Hunger doesn’t know shame, race, tribe, or creed. The founders of the United States knew this long ago, which is why they now have support for any form of vulnerability or disability. With the help of more than 61,000 food pantries and soup
kitchens, food banks provide some 46 million people with free food each year in the US. Tens of millions of volunteers regularly support the system by donating time and money. Our population is over 200 million now. If we don’t have food kitchens, pantries, or banks to supply people with food, then we will be damned in the near future. This is a path Nigeria must follow to avoid young people feeling cheated and deprived of their common wealth by a few criminal minds stealing billions annually yet flaunting the same ostentatiously to their faces. This was the same issue that affected Kenya before the last straw fell to the ground. From what happened in Kenya, our political class should know by now that these young people know exactly where their treasuries and hearts are stored. When the food
kitchens are cooking the meals, the idea of homelessness can easily be assessed, and special hostels can be built where young people will begin to squat until they can get a decent job and rent their own
houses.

My Binoculars: Of the ten-day protests, the health sector, malnutrition, and the failure of the government to care for the ordinary and vulnerable in Nigeria

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Nigeria Protest: Deaths, Arrests, and Injuries: The blood must stop dripping.

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Nigeria Protest: Deaths, Arrests, and Injuries: The blood must stop dripping.

Nigeria Protest: Deaths, Arrests, and Injuries: The blood must stop dripping.

By: Dr. James Bwala

August 1, 2024, will remind many families, friends, and colleagues of the bitterness of losing loved ones. Those arrested or injured will live with certain regrets for failing their nation as a result of their participation in the uncalled protest. Those who bear evil marks will continue to urge other misguided youths on why they should continue on the path of destruction. And some mothers would wail again. Protest, as I know from my years of living, has never been peaceful, even though protesters have always creamed it with the salty test that it was going to be peaceful. They said it in their announcement for August 1, 2024. But it was not peaceful in the end. 

I ran my eyes through some online reporting last night and went through some videos sent to me. It was another sad saying. The youths have lost their future again to some old, unmannered, and de-interested crocks who never meant well for the youths. These aged fathom killers stay in their comfort zones, and their children are living abroad, while the poor mother, who is struggling to make ends meet, was receiving the sad news of her dead child, who either left home as a protester or a security personnel to cause mayhem or to defend the integrity of the nation. 

From Maiduguri to Damaturu and from Kano to Kaduna, going forward to Katrina, and down the Niger blood flows. These are the blood of the promising Nigerian youths wasted in a broad day light for another man’s greed and not sincerely for corn flour, as they tag hunger to the protest. As a Nigerian youth, I have participated in protests in the days of ignorance, and when I look back, it means nothing to me. Those we have protested for have gotten what they wanted, and we have been forgotten. That is why I have advocated for the youth to see reasons not to protest. But in life, there are numbers that they can only learn by experiencing, and I hope the injured and the arrested will learn from this. 

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When I add up the death toll from this unfortunate turn of events in our country from the few states I was able to get my hands on figures, Nigeria has lost thirty-two (32) young and promising leaders of tomorrow, as we often say. And now that they are gone, who will take their place tomorrow? The youths and all of us should learn something from the August 1, 2024 #Endbadgovernaceprotest or #hungerinthelandprotest, or whatever name it comes. Truth be told, these bad governance or hunger issues did not begin with the current administration. If Nigerians had been patient, especially the northern youths, for eight years under the Buhari regime, I see no reason why they are venting anger on the same issue against the Tinubu administration, especially since the move by this government has shown a positive light for an ailing country like Nigeria, as they would say. 

I believe from what I have seen, heard, and read that the Tinubu/Shettima administration was able to achieve, and with what they are trying to achieve, there is hope, biblically speaking, for a tree that is cut at the drop of water. No Nigerian today would argue that the steps that make it possible for the local government to have autonomy are bad governance, after all. No one would argue that the signing of the Northwest Development Commission and Southeast Development Commission was not a positive note to bring development closer to the people of those regions owing to the negative issues impacting those regions. It did not look as if the government was not trying to find solutions to the cry of the people. Was the free import duty for food and drugs an attempt to frustrate Nigerians? The government has come to understand the conflict between NNPC and Dangote, and the president has given the marching order for the sale of crude oil to the Dangote refinery. Should I call this move #badgovernce? Or should I condemn the move that created the Livestock Ministry, which hopefully would end the farmer-herder conflict, and tag it #badgovernance?

Not to mention the successes achieved by our military, police, DSS, and other security agencies. These mentioned in the above paragraph are a few that come in handy as I build the lines in this piece, but I believe that for those who want peace for this country, these are enough evidence to say that the Tinubu/Shettima administration means well and is living in the renewed hope agenda-setting mantra. Bad citizenship is what I saw on videos sent to me from FTC, Maraba, Kano, Potiskum in Yobe State, and Maiduguri, my home state. I saw my brother and colleague Jesse Tafida taking a full length of his legs to escape to safety around Bullumttu, where bad citizens are attacking security operatives, and the sound of guns began to rent the air in a movie-like atmosphere. 

That is Maiduguri, which is also the home state of Vice President Kashim Shettima. I had thought that the last place to experience such a horrendous outing was Maiduguri, the Borno state capital. But I was not surprised knowing the Bullumttu area is a gathering of multitudes from different backgrounds because a true son or daughter of Borno would appreciate the fact that with the coming of Kashim Shettima as the vice president, Borno stands to gain more. In fact, Borno has no reason to join in violent protests whatsoever. Our governor, Professor Babagana Umara Zulum, has never hidden palliative, and he never stayed in the government house to allow others to share the palliative. He is always on the field, even in the mine field of Borno, to ensure his people have the experience of good governance. 

It is not uncommon in a classical place like Bullumttu to experience such unholy appreciation for the governor or the vice president. Nigeria’s northeastern state has been in conflict for over a decade, and the resultant is what was experienced on August 1, 2024, with the loss of four lives when elements of the Boko Haram were said to have infiltrated the protesters in order to cause chaos in the state. This was the reason for the government to take measures to ensure safety by imposing a curfew. But far away from Borno and in the Arise TV studio, a certain professor was trying to say that if he were to be the vice president, he would demand an explanation for the multiplier effects of the protest in the state. I think this political analyst and professor of strategic management, Okey Ikechukwu, has missed something about the content the protest in Borno State carried. 

More than what is being traded in other states, for Borno State, it is about the terrorists and the fear of their infiltration, which unfortunately happened. 

Terrorism or fighting terrorism, as he would want the VP to make demands, is not a classroom idea that is tailored to what the students must do to get it right or perhaps to pass an exam. It is an idea born of sudden and creative ills that focuses only on the destruction of life and property without recourse to what the end may be. So, Professor Okey Ikechukwu needs to undertake more research on issues regarding happenings in northeast Nigeria and first add to his knowledge before dishing out on what he knows practically nothing about or very little to gullible Nigerians who may believe that what a professor said is always right. 

We should not be seen as condescending over matters of national interest; we must preach healing whenever and wherever we are faced with issues, particularly when we sit before cameras to speak to millions of people. Our youths have missed it, and it is our duty to educate them about the protest that many of them got into, knowing nothing of its meaning but destruction. These lives that have gone are minuses to our numbers, and killings, destruction, and all manner of evil perpetrated in the name of protest is not poetic and should be discouraged by all well-meaning Nigerians. 

Dr. James Bwala, PhD, writes from Abuja.

Nigeria Protest: Deaths, Arrests, and Injuries: The blood must stop dripping.

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