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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
Security forces neutralise two notorious bandits in Benue clearance operation
By: Zagazola Makama
Security forced have neutralised two suspected notorious bandits during a clearance operation in Ukum Local Government Area of the state.
Sources told Zagazola that the operation followed credible intelligence received on Tuesday at about 1:00 p.m.
The report indicated that a criminal gang led by one Senen Hemen, also known as Orpa, was sighted along the pipeline axis between Gbeji and Igbongom communities in Ukum.
According to the sources, security forces were promptly mobilised to the location, where the gang engaged the operatives in a gun duel.
During the exchange, Hemen and another gang member identified as Mzungweve Ichur, both from Igbongom, were shot dead, while others fled the scene with gunshot injuries.
The sources confirmed that the corpses of the two suspects had been recovered and deposited at a private mortuary in Gbeji, while a manhunt had been launched in the surrounding bushes to track the fleeing accomplices.
The sources assured residents that the operation was part of ongoing efforts to rid Ukum and adjoining areas of violent criminal gangs.
Security forces neutralise two notorious bandits in Benue clearance operation
Gunmen abduct worshipper in Oyo community
By: Zagazola Makama
Gunmen have abducted a worshipper from a mosque in Gbonkan Village, Ipapo, Itesiwaju Local Government Area.
Sources said that the victim, identified as Amadu Usman, was kidnapped on Monday night while praying at the mosque alongside his elder brother, Adamu Usman.
The sources said seven armed men invaded the mosque at about 9 p.m. and whisked the victim away to an unknown destination.
The sources said that a joint team of security forces, Amotekun Corps, vigilantes and local hunters had since launched a search-and-rescue operation, combing surrounding bushes to track down the suspects and rescue the victim.
Gunmen abduct worshipper in Oyo community
Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina
By: Zagazola Makama
Troops of Operation FANSAN YANMA, in collaboration with the Police, Community Watch Corps and local vigilantes, have repelled a bandit attack in Malumfashi Local Government Area of Katsina State.
Sources said that the incident happened on Tuesday evening when armed bandits launched an attack on a hunters’ camp in Naalma village.
According to the sources, the troops and other security operatives responded swiftly to a distress call and engaged the bandits in a fierce gun battle, forcing them to withdraw.
“During the operation, Usman Lawal, 35, the Commander of the Hunters’ group, sustained fatal injuries. One of the bandits was neutralised while the rifle earlier seized from the hunters’ commander was recovered.
“Other fleeing bandits are suspected to have escaped with gunshot wounds. Troops are currently conducting cordon-and-search operations within the area,”said the sources.
Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina
Security forces neutralise two notorious bandits in Benue clearance operation
Gunmen abduct worshipper in Oyo community
Troops of Operation FANSAN YANMA repel bandit attack in Malumfashi, Katsina
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