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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
Elephant kills farmer in Ijebu East, Ogun community seeks government intervention
By: Zagazola Makama
A wild elephant has killed a farmer, identified as Mr. Kalamu, in Itasin-Imobi community, Ijebu East Local Government Area of Ogun State.
The incident occurred on Monday, July 28, when the elephant reportedly invaded the victim’s farm and attacked him, leading to his death.
Residents told Zagazola Makama that the elephant had been a persistent threat in the area for over four years, frequently destroying farmlands and fishing equipment.
“This elephant keeps coming into our community to destroy our crops, damage our fishing nets, and now it has taken a life,” a resident said.
The community has since appealed to the Ogun State Government and relevant wildlife authorities to intervene urgently and prevent further loss of life and property.
As of the time of filing this report, there was no official response from the Ogun State Ministry of Forestry or Environment.
Elephant kills farmer in Ijebu East, Ogun community seeks government intervention
Troops neutralise terrorists, recover logistics items in Bama, Borno
By: Zagazola Makama
Troops of Operation Hadin Kai have neutralised two Boko Haram terrorists and recovered large quantities of logistics items following a successful ambush operation in Bula Daburu village, Bama Local Government Area of Borno State.
Zagazola Makama learnt that the operation was part of Operation Desert Sanity IV aimed at disrupting terrorist supply networks.
Sources said that the operation was carried out at about 6:00 p.m. on Monday at a suspected Boko Haram crossing point
During the engagement, contact was made with terrorist logistics elements. The troops responded with superior firepower, forcing the insurgents to flee in disarray, abandoning their supplies.
Two terrorists were neutralised during the exchange, while others escaped with possible gunshot wounds.
After the area was exploited, troops recovered eight bicycles, two 50kg bags of rice, 60 pieces of macaroni, 60 pairs of rubber shoes, 10 welding filing machines, and 12 mats.
Operation Desert Sanity IV is a renewed offensive by the Joint Task Force (North East) aimed at denying terrorists freedom of action and cutting off their logistics corridors across the North East theatre.
Troops neutralise terrorists, recover logistics items in Bama, Borno
Troops foil IED-laying attempt by terrorists along Marte–Dikwa road
By: Zagazola Makama
Troops of Operation Hadin Kai have foiled an attempt by Boko Haram and ISWAP terrorists to plant improvised explosive devices (IEDs) along the Marte–Dikwa road in Borno State.
Zagazola Makama learnt from sources that the operation was part of renewed and sustained offensives directed by the military high command to deny terrorists freedom of action in the North East theatre.
The incident occurred at about 2:01 a.m. on Tuesday, when troops of Operation HADIN KAI positioned in an ambush along the strategic route, sighted a group of terrorists attempting to lay mines on a bridge.
The troops immediately engaged the terrorists with superior firepower, forcing them to abandon their equipment and flee into the surrounding bush in disarray.
Two IEDs were recovered at the scene, while there were no casualties recorded among the troops.
Troops foil IED-laying attempt by terrorists along Marte–Dikwa road
Elephant kills farmer in Ijebu East, Ogun community seeks government intervention
Troops neutralise terrorists, recover logistics items in Bama, Borno
Troops foil IED-laying attempt by terrorists along Marte–Dikwa road
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