Connect with us

News

Living costs: Nigeria govt holds urgent meetings

Published

on

 

Nigeria’s cabinet ministers have held emergency meetings over the economy and food prices as the government comes under pressure over the fallout from President Bola Ahmed Tinubu’s reforms.

 

Protests broke out on Monday in northern Niger state where demonstrators, mostly women and youths, blocked a major road in the state capital Minna to demand help over living costs.

 

Since coming to office in May, Tinubu has ended a fuel subsidy and currency controls, leading to a tripling of petrol prices and a spike in living costs as the naira slides sharply against the dollar.

 

Ministers of finance, information, budget and national planning, agriculture as well as the national security advisor, central bank director and other senior aides took part in the meetings which began on Tuesday.

 

“By the time these meetings are concluded, we’ll be able to issue a definite statement on what the position of government is in this regard,” Information Minister Mohammed Idris told reporters.

READ  Niger coup leader Tchiani ready to explore diplomacy, says ‘Our doors are open for dialogue’

 

“All I can say is that discussions are ongoing, and very soon a solution is in sight for Nigerians.”

 

Ministerial meetings scheduled on Wednesday and Thursday were announced as Tinubu returned to Nigeria after a brief private visit to France.

 

Government officials have repeatedly urged Nigerians to be patient over the reforms, which Tinubu says will bring in more foreign investment to Africa’s largest economy.

 

But the short-term impact is hitting Nigerians hard: Inflation was at 28.92 percent in December, with food costs at 33.93 percent, according to the national bureau of statistics.

 

The naira currency has fallen swiftly against the US dollar since the government ended a multi-tier exchange rate system and freed up the local currency.

 

Before the reforms, the naira was trading at around 450 to the dollar, but on Monday it was trading at 1,400 to the greenback, according to the central bank.

 

READ  Major News Headlines in the Papers Today: UN releases $10.5 million to assist flood victims in Nigeria

That is close to the rate on the parallel black market.

A weaker naira makes imported goods more expensive as businesses pay more for the dollars they need to bring goods into the country.

 

In a research note, the Economist Intelligence Unit (EIU) said the central bank effectively devalued the naira last week, which could bolster investment, but it believed that the country’s foreign reserves would remain under pressure.

 

Africa’s largest oil producer, Nigeria has long struggled with foreign currency liquidity as its petroleum output lags and foreign investors remain skittish.

 

“We believe the improvement will take time to bed in and Nigeria will still need an IMF programme,” the EIU note said about the naira.

 

“The currency is now trading close to parallel market rate. This alone will not encourage large hard currency inflows without oil industry reform and other policy measures.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

 I have no hand in Sanusi’s reinstatement, says Kwankwaso

Published

on

By

 

Rabiu Kwankwaso, chieftain of the New Nigeria Peoples Party (NNPP), says he did not influence the reinstatement of Muhammadu Sanusi II as Emir of Kano.

 

Sanusi became the 14th Emir of Kano in 2014 after the death of Ado Bayero. He was turbaned during the administration of Kwankwaso, then governor of the state.

 

However, Sanusi was dethroned in 2020 by Abdullahi Ganduje, Kwankwaso’s successor, over allegations of insubordination.

 

Aminu Bayero, son of the late Bayero and Emir of Bichi, was installed as Sanusi’s replacement.

 

On Thursday, the Kano state assembly repealed the law which was used to unseat Sanusi and balkanise the Kano emirate into five jurisdictions.

 

Consequently, Abba Yusuf, governor of Kano, announced the reinstatement of Sanusi as emir after signing the new Kano Emirate Council Law.

 

Speaking with the BBC Hausa, on Friday, Kwankwaso said he has no hand in Sanusi’s reinstatement.

 

READ  Obi best to deliver Nigeria – Ortom

The former govenor said he would inquire about the development when he visits the state.

 

“I will go to Kano very soon and I will speak with some of the assembly members, especially the speaker, and the governor on what is happening,” Kwankwaso said.

 

In April 2023, Kwankwaso had said the incoming government would revisit Sanusi’s dethronement.

 

“Apart from the issue of changing the emir, the emirates have now been divided into five. All of that will be reviewed too. When a leader comes into power whether in a country, state or local government area, he inherits things that are good and things that are difficult and challenging,” Kwankwaso said at the time.

 

Speaking with BBC, Kwankwaso clarified his previous statement, saying he did not dictate what should be done.

 

“Rabiu Kwankwaso has burnt his hands over dictating what to do. We are still with the governor working together. It’s just a matter of offering advice and if you are not asked to, you keep quiet so long things are going right we just pray and hope that they succeed,” he said.

 

READ  Niger coup leader Tchiani ready to explore diplomacy, says ‘Our doors are open for dialogue’

“When I said we will revisit the case, I didn’t say the direction to follow. I just said it would be reviewed. When I go there (Kano), I will hear what happened and I am sure they will tell me whatever happened and whatever they tell me, we just pray for them. I heard the assembly members have repealed the law.

 

“What we were telling them was they should go and investigate whether what happened was done out of goodwill or not. What happened appears to be a vendetta or cheating. It’s just a matter of did Ganduje do right or wrong. It’s not about going against him.”

 

 

Continue Reading

News

Ayo Banjo dies at 90

Published

on

By

 

Ladipo Ayodeji Banjo, a former vice-chancellor of the University of Ibadan (UI), is dead.

Sources close to his family confirmed that the academic passed away on Friday morning.

 

He was born on May 2, 1934, in Oyo state. He attended Igbobi College in Lagos between 1947 and 1952.

 

Banjo began his career as a lecturer at UI’s English department in 1966. The same year, he won the American State Department scholarship award for an MA in linguistics at the University of California in the US.

 

The academic later obtained a doctorate degree from UI in 1969.

 

He was appointed associate professor in 1973 and became a full professor in 1975.

 

The academic was appointed vice-chancellor of the University of Ibadan in 1984, a position he held till 1991.

 

During this period, he was the chairman of the committee of vice-chancellors for Nigerian universities.

 

Banjo was a visiting professor for one year at the University of West Indies at Cave Hill, Northern Ireland.

READ  Nigerians suffer unbearable cost of living as inflation reaches record high

 

He was also a visiting fellow at the University of Cambridge, England, between 1993 and 1994.

 

The professor was appointed the pro-chancellor of the University of Port Harcourt between 2000 and 2004.

 

After his tenure, he was appointed pro-chancellor of the University of Ilorin for two years (2005 to 2007).

 

He also served as the incumbent pro-chancellor of Ajayi Crowther University.

Continue Reading

News

Ondo honours Champions of Immunisation, family planning with cash, gift items

Published

on

By

 

The Ondo state government has celebrated forty women as champions of immunisation and family planning having stuck to the life saving procedures for a long period of time.

 

The programme was launched in Ifedore and Odigbo local government areas of the state, with twenty women in each of the council area benefiting from the gift items which included foodstuffs, cash of ten thousand naira, plaques (inscribed with their names and pictures) and other items.

 

Speaking at the event in Igbaraoke, Ifedore Council area, the commissioner for health, Dr Banji Ajaka expressed optimism that the initiative would spur more women to embrace family planning and also present their babies for immunisation regularly.

 

Ajaka who was represented by the Special adviser to the governor, Professor Simi Odimayo restated the commitment of Governor Lucky Orimisan Aiyedatiwa to the wellbeing of mothers and children in Ondo state, using all available strategies.

 

The commissioner congratulated the champions for their commitment to family planning and immunisation in the bid to keep a healthy family, assuring them that government would regularly come up with programmes and policies that would make life more meaningful for women and children in the state.

He said “the government is really in love with the people and wants to showcase the love at all times that’s why these women are being appreciated today. The government is not only appreciating the women but making family planning and immunisation commodities available and the teams supported. Family planning will help women to be in good form to take their children for immunisation, so I congratulate the champions and urge them to become advocates of immunisation and family planning in their communities”

READ  Failed mission: Russia's Luna-25 spacecraft crashes into Moon

 

The Permanent Secretary, Ondo state primary health care development agency, Dr Francis Akanbiemu said
the idea of the programme was conceived by the award winning agency to encourage mothers who had shown great commitment to matters of immunisation and family planning being propagated by government to enhance maternal and child health in the state.

 

Akanbiemu noted “We tell our Mothers, take your children for immunisation, ensure you space your children through family planning, but not all of them take to this, so the government under the leadership of Governor Lucky Orimisan Aiyedatiwa considered it worthwhile to reward those mothers who listened to and acted on the government’s advice so that they will serve as role models for other mothers”.

 

Akanbiemu said even though, the immunisation coverage of the state was currently at over Eighty four percent, the programme, “rewarding the champions” would be held in all the local government areas in the state to ensure one hundred percent coverage of both mothers and children in terms of family planning and immunisation.

 

“By the time we are done taking this programme round all the eighteen local government areas of Ondo state , our immunisation data must have gone up and also improve service delivery. The champions emerged through rigorous selection processes and we are hopeful that for every ten persons motivated, one thousand mothers would join the train”

 

The director of disease control and immunisation in the agency, Dr Victor Adefesoye while congratulating the champions stressed the need for other women to embrace family planning so they could avoid unplanned or excessive pregnancies which he noted was dangerous to their health while also ensuring that their children do not miss any immunisation schedule.

READ  FG recalls envoy to Indonesia over shocking treatment of Nigerian diplomat

 

Also Speaking, the director of medical services, Dr Paulinus Omode admonished mothers generally to embrace preventive health care system by making sure that their children live in a clean environment, eat good diets and immunised them against child killer diseases.

 

In their goodwill messages, representitives of World Health Organisation, Mrs Modupe Dosumu and that of United Nations Population Fund, Mrs Opeyemi Agunbiade commended Ondo state government for the innovation.

 

Primary health care coordinator in ifedore Council area, Dr Adedayo Fayanju described the strategy as a step towards boosting the health of women and children

 

The Adapogun of Ipogun, Oba Rapheal Ojo expressed delight that the exercise started in his domain especially at this time when economic challenges were compelling families to have only children they could cater for

 


Responding on behalf of the beneficiaries, Mrs Ebunoluwa Charles, and Hajia Mariam Yusuf appreciated Ondo state government for the gesture, promising to be advocates of family planning and immunisation in their various localities.

 

According to them “this is one honour we will appreciate in a long time to come, we appreciate the gifts, the foodstuff and other items the government has given us today, we will definitely continue in this line and convince more women to be part of be committed to immunisation and family planning.

 

At Odigbo local government area, The primary health care development agency train landed in Ore town where another set of twenty champions were celebrated.

 

At the event, the commissioner for health, Dr Banji Ajaka also congratulated the lucky mothers for emerging champions of immunisation and family planning and charged them to always key into government’s programmes and policies aimed at improving their child and maternal health.

READ  Charles III proclaimed king

 

On his part, the Permanent Secretary, Ondo state primary health care development agency, Dr Francis Akanbiemu hinted that women who adhere to all medical procedures on maternal and child health would continue to receive motivation from government.

 

The state immunisation officer, Mrs Comfort Olagundoye while enumerating the criteria used in selecting the champions noted that those considered were found to have completed all immunisation schedules for their children right from birth and also encouraged other women to keep immunisation appointments for them to have healthy children.

 

Some of the champions in Ore, Mrs Ajoke Ikumawoyi, Deborah Ige Imisioluwa Akintunde also hailed the Ondo state government for the encouragement with a pledge not to renege.

 

In all, 40 women were decorated as immunisation and family planning champions in both Ifedore and Odigbo Council areas with each of them going home with foodstuff, ten thousand naira Cash, plaques and other items.

 

The event was witnessed by the director of public health, Ondo state ministry of health, Dr Stephen Fagbemi, who represented the Permanent Secretary, Dr Niran Ikuomola, top officials of the Ondo State primary healthcare development agency which included Director planning, research and statistics, Dr Yetunde Olagbuji, Director medical services, Dr Paulinus Omode, Director, health system development, Dr Olajide, Dr Isreal Adeyemi, Director of Finance and Administration, Mrs Folasade Ale, Dr Isreal Adeyemi, Director pharmaceutical services, Pharmacist Sajo.

Continue Reading

Trending News