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Have faith…we’ll tame inflation like exchange rate,Tinubu tells Nigerians

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President Bola Tinubu has assured Nigerians of his commitment to steer the country out of its economic woes.

 

Tinubu spoke on Wednesday night when he hosted members of the All Progressives Congress (APC) presidential campaign council and the independent campaign council to Iftar at the State House in Abuja.

 

Ajuri Ngelale, presidential spokesperson, in a statement on Thursday, quoted the president as saying that his economic reforms, which seemed stiff in the beginning, have begun to pay off.

 

“The economy is looking much better. Yes, we have challenges of inflation, but we will bring it down,” Tinubu said.

 

“When the exchange rate was going haywire, it looked like we were asleep, but we worked on it diligently, and it is going down; it is getting better.

 

“Borrowing was higher a year ago, but today, we are reengineering the financial landscape, and our revenue is expanding. And we are taking up our sovereignty and earning our respect back in the comity of nations.”

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In July 2023, two months into his administration, the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 24.08 percent.

 

An analysis by TheCable Index, TheCable’s data arm, showed that the figure was the highest in more than 10 years.

 

In January, the numbers soared to 29.9 percent.

 

But while food prices continue to go up, the naira has recorded some victories in the foreign exchange (FX) market.

 

Last week, the naira appreciated to N1,280 per dollar at the parallel section of the FX market. On Monday, it appreciated to N1,250 per dollar.

 

Tinubu urged citizens to continue to have faith in Nigeria by supporting his administration to succeed.

 

“Europe and America did not get to where they are today in one day, but through persistence and hard work, which takes time and consistent focus,” he said.

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“Pray for Nigeria, think Nigeria. This is not playtime. Let us believe in ourselves. We must ask questions. What is happening to our solid minerals? No rival wants you to be bigger than them. We must be dogged. We have to sort out our problem ourselves.”

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Tribunal stops MultiChoice from increasing DStv, Gotv subscription rates

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A competition and consumer protection tribunal (CCPT) in Abuja has stopped Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on May 1.

 

A three-member tribunal led by Saratu Shafii gave the interim order following an ex-parte motion moved by Ejiro Awaritoma, counsel to Festus Onifade, the applicant.

 

The tribunal, in the ruling, restrained Multi-Choice from going ahead with the impending price increase pending the hearing and determination of the motion on notice filed before it.

 

“The 1st defendant is hereby restrained from taking any step(s) that may negatively affect the rights of the claimant and other consumers in respect of the suit pending the hearing and determination of the motion on notice,” Shafii ruled.

Shafii also directed all parties in the suit to appear before the tribunal at 10 a.m. on May 7 for the hearing and determination of the motion on notice.

 

READ  Niger Police arrest gun runners, recover 567 ammunition

Onifade, a legal practitioner, filed the suit marked CCPT/OP/2/2024, against Multi-Choice Nigeria Ltd and the Federal Competition and Consumer Protection Commission (FCCPC) on Monday.

 

On April 24, Multichoice Nigeria announced an increase in the cost of subscriptions for its DStv and GOtv packages.

The pay-TV firm cited the rise in the cost of business operations as the rationale behind the price increase.

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How to check 2024 JAMB UTME results

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The Joint Admissions and Matriculation Board (JAMB) has released modalities for the checking of the 2024 Unified Tertiary Matriculation Examination (UTME) results via SMS.

For candidates who took part in the 2024 UTME organised by JAMB, the examination body said the results of the exercise can be checked following some simple steps.

 

“Candidates are advised to use the phone numbers they used to register to text UTMERESULT to 55019/66019. There is no need to approach any CBT centre or cybercafé to check results,” JAMB said.

 

“The following are the responses to be expected hence, a candidate with a result will receive the message: ‘Dear ‘Candidate X’, your result is as follows (and the details will be provided).’”

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JAMB releases 2024 UTME results, 8,401 score 300 and above

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The Joint Admissions and Matriculation Board (JAMB) has released the 2024 Unified Tertiary Matriculation Examination (UTME) results.

 

JAMB’s Registrar Ishaq Oloyede announced the release of the UTME results in a press conference held at the board’s headquarters in Bwari on the outskirts of Abuja.

 

According to Oloyede, over 1.94 million candidates registered and sat for the examination in 118 towns and over 700 centres across the country.

 

The examination which began on Friday the 19th of April ended on Monday the 29th of April. Out of the 1,989,668 registered candidates, 80, 810 were absent. A total of 1, 904, 189 sat the UTME within the six days of the examination.

“Out of the 1,842,464 released results, a paltry 0.4% scored above 300 while 24% scored 50% (200/400) and above,” the JAMB chief said.

 

He said 1,1,402,490, which is 76 per cent of the candidates got below 200. JAMB, however, re-echoed its resolve not to publish the name of the highest-scoring candidate.

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“It is common knowledge that the Board has, at various fora, restated its unwillingness to publish the names of its best-performing candidates, as it considers its UTME as only a ranking examination on account of the other parameters that would constitute what would later be considered the minimum admissible score for candidates seeking admission to tertiary institutions,” Oloyede noted.

 

More Female Enrolees
A further breakdown of the number of candidates who sat for the examination showed that the females were more than males.

The JAMB registrar said 982,393 males representing 49.4 per cent enrolled for the 2024 UTME as against 1,007,275 females which is 50.6 per cent.

 

Oloyede said “it is evident that there is a significant improvement in the enrolment of females, with over one million girls registering for the examination.

 

“This is the first time in three years that the number of females will be more than that of their male counterparts.

READ  Niger Police arrest gun runners, recover 567 ammunition

 

“Out of the total registration, 3,164 were persons living with disabilities.”

 

“There is a 36.2% increase in the enrolment of PLWDs as compared to the last year,” the JAMB boss told the gathering.

 

 

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