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UK Commends Nigeria’s Economic ReformsInsists Though Reforms Have Brought Hardship But Necessary for Future Growth and Stability
UK Commends Nigeria’s Economic Reforms
Insists Though Reforms Have Brought Hardship But Necessary for Future Growth and Stability
By: Michael Mike
The United Kingdom has commended Nigeria’s Economic reforms being carried out by the President Bola Tinubu administration
The British High Commissioner to Nigeria, Richard Montgomery gave the commendation at a press conference on UK-Nigeria trade on Wednesday in Abuja.
Montgomery said though the reforms have brought high inflation and hardship but they are necessary for future growth ànd stability of the country.
He said: “President Bola Tinubu’s economic reforms are working, and they have made Nigeria more investible.
“The Naira is now more stable and more predictable. And the last quarter Nigerian economy has grown by 4%.”
He also noted that the UK is also carrying out economic reforms that will be beneficial to Nigeria because they will make business investment’s more predictable, simplify regulations of doing business.
“We also have reforms in the UK economy and we are working on how they can benefit Nigeria.”
The Director General, Presidential Enabling Business Council (PENEC), Princess Zahrah Mustapha Audu, on her part said the Naira is now more stable and it’s good for investors.
She said: “This conversation is about investment and trade; to me the Naira is more stable because it’s more predictable and prior to my appointment as DG , I use to work with the president on Foreign Direct Investment (FDI), as a technical adviser and I can tell you; one o the key things that investors look for is stability, predictability . People invest in Afghanistan not because it’s better than Nigeria,. It was a war zone but because it was predictable.
“And that is what President Tinubu has created in Nigeria. There is predictability, we no longer have that market window where we had people who were simply trading the Naira. And that have been eradicated.”
Speaking further she said: “What we’ve done now is that we have stopped the ability for agencies or departments or ministries to come up with new new policies. It must go through all the stakeholders engagement, it must go through all the assessments to make sure that the positives far outweighs the adverse reactions of the businesses.”
“We are also doing everything possible to grow our local economy.” She added
The British Country Director, Department of Business and Trade, Mark Smithson, disclosed that UK-Nigeria trade volume is £7.2 billion.
“UK/Nigeria trade volume is £7.2N and the UK has approved zero tariff on 3000 exports from Nigeria, which includes: cocoa, cashew nuts, tomatoes and others.”
UK Commends Nigeria’s Economic Reforms
Insists Though Reforms Have Brought Hardship But Necessary for Future Growth and Stability
Man kills father during domestic dispute in Bauchi community
By: Zagazola Makama
A man, identified as Limam Muhammad Baba, has allegedly killed his biological father, Malam Baba Siti, during a domestic altercation.
The tragic incident occurred on Thursday, July 3, at about 10:15 p.m., in Uzum village, Giade Local Government Area of Bauchi State, when an argument between the two escalated, leading Limam to strike his father on the head with a stick.
Sources told Zagazola Makama that the victim collapsed immediately and lost consciousness.
Police sources say “The report was received at the Giade Divisional Police Headquarters at about 10:30 p.m. that the suspect used force on his biological father by striking him on the head with a stick, leading to the victim falling unconscious.
He added that a team of police operatives was immediately mobilised to the scene. The suspect was arrested, and the victim was taken to the General Hospital in Giade, where a medical doctor confirmed him dead on arrival.
The police sources said the body of the deceased was deposited at the hospital morgue while an investigation into the circumstances surrounding the incident has commenced.
He assured that the suspect would be charged to court upon completion of investigation.
Man kills father during domestic dispute in Bauchi community
Deputy chairman of Katsina-Ala LGA attacked, four suspects arrested
By: Zagazola Makama
Security forces have apprehended four suspects in connection with an attack on the Deputy Chairman of Katsina-Ala Local Government Area, Mr Christopher Chia.
Sources told Zagazola Makama, that the incident occurred in the early hours of Thursday, July 3, when Chia was reportedly attacked by a group of young men suspected to be cultists.
The sources said the police received a distress call from the victim at about 6:00 a.m.
“Police patrol and tactical teams were immediately deployed to the scene. The victim was rescued and taken to Toro Hospital in Katsina-Ala, where he was treated and later discharged,” said the sources.
According to the sources, preliminary investigation led to the arrest of four suspects, while efforts are ongoing to apprehend the prime suspect identified simply as Richard, a member of the Black Axe confraternity, who is currently at large.
The sources added that the State Criminal Investigation Department (CID) has commenced a full investigation into the matter to unravel the motive behind the attack and bring all those involved to justice.
Deputy chairman of Katsina-Ala LGA attacked, four suspects arrested
Joint task force rescues kidnap victim in Abuja after 40km forest operation
By: Zagazola Makama
A joint task force comprising operatives of the
Department of State Services (DSS), Federal Capital Territory (FCT) Police Command, local hunters, and vigilantes has successfully rescued a kidnap victim, Rasheed Soyinka, after a 40-kilometre forest operation across parts of Abuja.
Zagazola Makama learnt that the victim was abducted at gunpoint from his residence in Sabon Lugbe in the early hours of July 3, prompting a swift multi-agency response.
Shortly after the abduction, which occurred around 1:00 a.m., a joint task force involving the Anti-Kidnapping Unit, DSS operatives, local hunters, and vigilante groups, swung into action.
The coordinated operation, extended through Dafara via Gau Forest in Kuje Area Council and continued into Kabin Mongoro and Kwaita forests in Kwali Area Council, covering an estimated distance of 40 kilometres.
“Following sustained pressure and professional coordination, the victim was rescued at about 12:05 a.m. on July 4 without any casualties,”said the sources.
Soyinka was subsequently reunited with his family through his elder brother, while efforts are ongoing to track down the fleeing abductors.
Joint task force rescues kidnap victim in Abuja after 40km forest operation
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Man kills father during domestic dispute in Bauchi community
Deputy chairman of Katsina-Ala LGA attacked, four suspects arrested
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