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Inflation dragged many people into poverty in 2024 — Gov Makinde

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Governor Seyi Makinde of Oyo State has disclosed that inflation rates reduced spending power and dragged many Nigerians into poverty in 2024.

Makinde made this declaration in his New Year message aired on the Broadcasting Corporation of Oyo State (BCOS) on Wednesday.

The governor, while addressing residents of the state, disclosed that Nigeria struggled with economic challenges throughout the just-concluded year.

He maintained that inflation rates reduced the people’s spending power and dragged more people into poverty.

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Makinde, while speaking further, said that his government will do more for the people of the state in 2025.

He added that his administration would embark on decisive actions that would increase residents’ spending power and ease the economic strains they are currently facing.

The governor also stated that his administration would enforce the rule of law across different sectors.

He warned that more stringent measures would be taken against traffic offences in the state.

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Makinde, while speaking further, maintained that the year 2024 tested the resilience of the people of the state.

He said: “What a year 2024 was! Our resilience as a people has been tested almost to the limit. We have faced economic challenges and social tragedies that have been the direct or indirect result of these challenges.

“We were shocked by the January 16, 2024, Bodija incident. We reacted by signing Executive Order 001, 2024, on the safe handling and storage of harmful substances in Oyo State. We also took steps to give support to those who were primarily affected by this incident. We will give them even more support in 2025.

“In December 2024, disaster again struck in our dear state as we lost 35 children to a stampede at Islamic High School, Basorun. We are still mourning this great loss.

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“Throughout the year, we struggled with economic challenges as a nation. Inflation rates reduced our spending power and dragged more people into poverty than we were able to help escape poverty. Our hearts are heavy. Still, we are thankful. These tragedies have forced us as a government to go back to the drawing board and take a second look at our strategies, policies, and programmes.

“For example, following the Bodija incident, we took actions that further secured the lives of our people. We are more determined to put further measures in place to ensure that incidents like these never occur again.”

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Sad !Explosion rocks Abuja school

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By Kayode Sanni-Arewa

An explosion suspected to be a bomb has rocked an Islamiyyah school in the Kuchibiyu Community of Bwari Area Council, Abuja, killing one student and injuring four others.

A report by Premium Times said the incident occurred around noon on Monday, January 6, 2025.

The deafening explosion reportedly sent shockwaves through the quiet community located approximately 42 kilometres from Abuja’s city centre.

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Emergency response teams, including the police bomb disposal squad, promptly arrived at the scene, while the injured were rushed to a nearby hospital for urgent medical care.

The report quoted a security source to have disclosed that the deceased student, whose identity had yet to be confirmed as of press time, was reportedly carrying a substance suspected to be an Improvised Explosive Device (IED) when it detonated.

The explosion caused injuries to other students and widespread panic in and around the school premises.

Authorities at the school were unavailable for comment, and the Federal Capital Territory Police Command had yet to issue an official statement as of press time.

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Repeated calls to the FCT Police spokesperson, Josephine Adeh, did not connect.

The affected students were said to have resumed school just three days ago, on January 3.

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SAD ! Sokoto SSG loses daughter, three grandchildren to fire outbreak

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A fire outbreak in Sokoto metropolis has caused the death of four persons, a daughter to Secretary to the State Government of Sokoto, Muhammad Bello Sifawa, and her three children.

The deceased mother was also the wife of the Permanent Secretary of the Sokoto State Ministry of Sports and Youths Development, Muhammadu Yusuf Bello.

Only the husband survived the fire which affected the entire 6-bedroom flat while family was sleeping.

Personnel of the state fire service were unable to put out the fire as it had already consumed the house before their arrival.

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The remains of the 4 deceased members of the family are slated for burial at Sheikh Shehu Usmanu Danfodiyo Mosque, Sifawa, the family home of the Sokoto State SSG.

The state deputy governor, Idris Mohammed Gobir, members of the state executive council, APC stalwarts, friends and well-wishers have been trooping to Sifawa for burial rites and condolence.

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Just in: DisCo Announces 50% Electricity Tariff Hike

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By Kayode Sanni-Arewa

Aba Power, an electricity distribution company in Nigeria, has announced a significant increase in electricity tariffs for its customers in Abia State, with rates rising by over 50%. The adjustment, which took effect on January 1, 2025, has been approved by the Nigerian Electricity Regulatory Commission (NERC).

Gists9ja reports that the revised tariff structure was shared with customers through a notice posted on the company’s official X account. Under the new rates, customers in Band A feeders will now be charged between ₦219.70 and ₦241.45 per kilowatt-hour, a substantial increase from the previous rate of ₦99/kWh.

Customers in Band B will face rates ranging from ₦180.77 to ₦203/kWh, while those in Band C will pay between ₦145 and ₦205/kWh.

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Aba DisCo explained that this tariff increase is necessary to address the challenges posed by the prevailing macroeconomic conditions in Nigeria.

In a statement, the company noted, “This adjustment will enable us to cushion the effects of recent macroeconomic developments on our ability to continue delivering high-quality service to our customers, in compliance with regulatory standards.”

The new tariff structure is part of ongoing efforts to maintain the company’s operations and ensure continued service delivery despite economic challenges.

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