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EXPOSED! Terrorists plotting to attack national assets-DHQ warns

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The Defence Headquarters, DHQ, on Thursday, raised fresh alarm over the alleged plans by Terrorists to attack critical infrastructure in the country.

Director Defence Media Operations, DMO, Major General Edward Buba who disclosed this to Defence Correspondents in Abuja at a bi-weekly briefing on the ongoing military operations in the various theaters of operations against insurgency activities across the country in the last week however assured the Nation that the Military high Command was doing everything possible to stop the dastardly act.

According to him, “We are aware of some of the plans to target some critical infrastructure in the country.

“Accordingly, we have placed measures to forestall such plans. Security agencies responsible for securing critical infrastructure and facilities have also been placed on alert. Accordingly, some of such plans have been frustrated.

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He explained that the military was keeping up the pressure through ongoing operations in five active theatres across the country namely, the North East, North West, North Central, South South and South East, with the North East and North West having the highest levels of intensity.

According to him, “These operations are complex as troops are engaged in fighting in difficult terrains as well as fighting an adversaries that adopts various forms, across the country. Clearly, we have boots on the ground and are fighting in several dimensions to crush the enemy.

” Indeed, troops are fighting on ground, air, at sea as well as in the cyber dimension in several parts of the country. The common denominator in all our operations are the terrorists.

“These terrorists are the enemy that must be fought and defeated. They are responsible for keeping the nation in an almost constant state of counter-terrorism and counter-insurgency.

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He explained that during the week under review, troops neutralised 187 and arrested 183 persons while Troops also arrested 26 perpetrators of oil theft and rescued 109 kidnapped hostages.

According to him, ” In the South South, troops denied the oil theft of the estimated sum of One Billion One Hundred and Twenty-Seven Million Two Hundred and Twenty Nine Thousand Eight Hundred and Ninty Naira (N1,127,229,890.00) only.

Furthermore, troops recovered 128 assorted weapons and 3,300 assorted ammunition.

“The breakdown as follows: one PKT gun, 80 AK47 rifles, 15 locally fabricated gun, 15 dane guns, 2 FN rifles, 5 pump action guns, 2 single barrel guns, 4 locally fabricated pistols, one fabricated barretta pistol, one locally made double barrel gun, 2 hand grenades, 2 primed IEDs and materials.

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” Others are: 1,941 rounds of 7.62mm special ammo, 729 rounds of 7.62mm NATO, 377 rounds of 7.62 x 54mm, 191 rounds of 5.55mm ammo, 199 rounds of 7.62 x 39mm ammo, 16 rounds of 9mm ammo, 26 live cartridges, 26 empty case of cartridges, 26 AK47 magazines, 6 baofeng radios, 10 vehicles, 4 motorcycles, 4 walkie-talkie, mobile phones and the sum of N102,010.00 only amongst other items.

He further added that the Troops in the Niger Delta area discovered and destroyed 18 dugout pits, 30 boats and 49 storage tanks.

According to him, “other items recovered include 66 cooking ovens, 4 drums, 5 speedboats, 15 vehicles, 2 tricycles, one generator, 11 mobile phones and 57 illegal refining sites.

“Troops recovered 1,l25,440 litres of stolen crude oil, 213,539 litres of illegally refined AGO and 1,230 litres of PMS.Troops are confronted by a vicious enemy that are constantly trying to kill citizens or have killed citizens. Indeed, these terror group are responsible perpetrating insecurity across the country and will not stop doing what the are doing, until they are stopped.

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” In this fight, citizens must understand that, we must never compromise on security, otherwise everyone’s security will be compromised. This is a situation that cannot be over emphasized for us to live in safety and security”.

General Buba who assured that he military was doing what was needed at this time to force the terrorist to pay a price for every act of aggression against citizens of the country said “We recognise and have included this as part of our strategy to win the war.

According to him, ” overall, we have no choice but to fight for the safety and security of our citizens. We also fight to safeguard our nation and preserve our way of life as a people. For us a force, Defence is the essence of what we do as an armed forces. Accordingly, we would defeat the terrorists on the battlefield and help our nation flourish again.

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Reps Call for Revival of NAPAC to Boost Transparency, Accountability

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By Gloria Ikibah
The House of Representatives has called for the revitalization and strengthening of the National Association of Public Accounts Committees (NAPAC) to enhance transparency, accountability, and good governance across Nigeria.
Chairman, House Committee on Public Accounts (PAC), Rep. Bamidele Salam, stated this at the joint sitting of Public Accounts Committees of Senate and House and inauguration of an Adhoc Committee for the reconvening of NAPAC at the National Assembly on Tuesday, emphasised the importance of collaboration among Public Accounts Committees at both federal and state levels.
Formed in 2014, NAPAC comprises 38 chapters nationwide, including the Public Accounts Committees of the Senate, House of Representatives, and all 36 State Houses of Assembly, Rep. Salam noted that the Association has been dormant in recent years, necessitating urgent action to restore its relevance.
He stated, “This Association is a pivotal platform for promoting transparency and accountability in governance. However, in recent times, the Association’s activities have been dormant, necessitating the need for a quick revitalization.
“It is in this context that we are inaugurating this Ad-hoc Committee, tasked with the vital responsibility of reconvening the meeting of NAPAC.”
Salam outlined committee’s objectives, including reviving NAPAC’s activities, adopting innovative strategies to combat corruption, and collaborating with anti-corruption agencies, civil society, and the media.
He also stressed the importance of leveraging partnerships with continental and regional associations such as AFROPAC, WAPAC, and SADCOPAC for capacity building and knowledge sharing.
“The task ahead is daunting, but with collective effort, unwavering commitment, and an unshakeable faith in our nation’s potential, I am confident that we shall succeed,” he added.
In an interaction with journalists, thr Committee chairman, stressed plans to engage with the Auditor General of the Federation and Accountant General of the Federation to address delays in submitting reports on Ministries, Departments, and Agencies (MDAs).
“Of course, Nigerians should expect that we’re going to have more productivity, especially in consideration of the report of the Auditor General,” he said.
He noted that only the 2021 Auditor General’s report is currently before the National Assembly, a situation he described as inconsistent with constitutional provisions. Salam expressed the committee’s determination to ensure Nigeria catches up with the 2022 and 2023 reports by next year.
He added, “We’ll also be able to bring more of these agencies of government in line to ensure that all monies appropriated by the National Assembly are spent judiciously, efficiently, and in a lawful manner.”
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Nigeria Needs Comprehensive Reforms To Expand Its Tax Base – Speaker Abbas

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…say we’re consulting stakeholders to address concerns of 4 tax bill
…assure NASS will ensure equity, protection of vulnerable Nigerians
By Gloria Ikibah
Speaker of the House of Representatives Rep. Tajudeen Abbas has said that Nigeria needs “comprehensive tax reforms to broaden the nation’s tax base.
Speaker Abbas stated this while delivering the votes of thanks during the presentation of the 2025 budget to a joint session of the National Assembly by President Tinubu, said that the leadership of the House has commenced a series of engagements with the relevant stakeholders to address the concerns raised on the four tax reform bills transmitted to the National Assembly by President Bola Ahmed Tinubu.
He reiterated the commitment of the House, and indeed the National Assembly to ensure equity and the protection of vulnerable Nigerians.
He said, “Nigeria’s low tax revenue also remains a major constraint. Our tax-to-GDP ratio, currently at approximately 10.9 per cent for 2024, is among the lowest in Africa, significantly below the continental average of 15.6 per cent. In comparison, South Africa’s tax-to-GDP ratio stands at 25.4 per cent, while Rwanda and Ghana, with much smaller populations, report ratios of 15.1 per cent and 14.1 per cent, respectively.
“Even our VAT collection efficiency – at approximately 20 per cent – is notably below the near 70 per cent efficiency achieved by South Africa, Equatorial Guinea, and Zambia.”
“Addressing these challenges requires urgent and comprehensive tax reforms to broaden our tax base, improve compliance, streamline administration and reduce reliance on borrowing.”
Speaker Abbas, therefore, stated the preparedness of the National Assembly to work with the President Tinubu-led administration towards achieving the required reforms.
“The National Assembly will continue to work with your administration to ensure that such reforms are equitable, effective, and considerate of the needs of vulnerable populations.
“To this end, we have engaged stakeholders to address concerns raised on the tax reform bills, fostering trust and cooperation. I have personally led numerous high-level meetings and consultations with state governors and other key stakeholders on this issue, achieving positive outcomes”, he added
According to Speaker Abbas, the reforms by the Tinubu administration have “disrupted the status quo, sparking resistance from vested interests.”
He added: “Yet, these courageous measures underscore your resolve to prioritise the welfare of Nigerians.”
“The National Assembly stands ready to support these reforms through legislative backing and to facilitate public engagement for greater understanding and acceptance.”
He stated that collaboration between the three arms of the government remains essential to achieving the shared objectives.
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TALL Forcast: 2025 Budget will bring down inflation to 15%, dollar to N1,500-Tinubu

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President Bola Tinubu has said that the 2025 budget forecasts that inflation will decline from current 34.6% to 15% next year.

He said this during his presentation of the N47.9 trillion 2025 budget proposal to a joint session of the National Assembly on Wednesday.

The President also said that the exchange rate will improve from approximately N1,700 per dollar to N1,500.

According to Tinubu, “this is an ambitious but necessary budget to secure our future.”

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“The Budget projects inflation will decline from the current rate of 34.6 per cent to 15 per cent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day,”Tinubu said.

He said the budget projections are based upon observations such as reduction of petroleum products importation, increased export of finished petroleum products, bumper harvest driven by enhanced security, reducing reliance on food imports, among others.

Tinubu listed highlights of the budget to include defence and security – N4.91tn, infrastructure – N4.06tn, health – N2.4tn, education – N3.5tn, among others.

Nigerians are grappling with economic hardship following incessant increase in inflation and volatile exchange rate that has seen dollar exchange as high as N1,700 in recent days.

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On Monday, the National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024.

The November inflation rate showed an increase of 0.72% points compared to the October 2024 inflation rate, according to NBS’s latest Consumer Price Index (CPI) report which measures the rate of change in prices of goods and services.

“On a year-on-year basis, the Headline inflation rate was 6.40% points higher than the rate recorded in November 2023 (28.20%). This shows that the Headline inflation rate (year-on-year basis) increased in November 2024 compared to the same month in the preceding year (i.e., November 2023),” the Bureau said.

Significantly, food inflation rate in November 2024 was 39.93% on a year-on-year basis, 7.08% points higher than the rate recorded in November 2023 (32.84%).

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