News
Peter Obi Responds To Banex Plaza Closure In Abuja
Recall that last Saturday, a confrontation erupted between military personnel and traders at a popular business plaza.
Following the incident, the Nigerian Army shut down the phone market for a week due to the assault on its officers.
In a statement on his official X handle on Saturday, Obi highlighted that this incident and its repercussions reflect the growing tension and intolerance in the nation.
He expressed concern over the increasing unease and friction between civilians and security operatives, particularly the military.
Obi linked the clashes between civilians and security officials to the stressful situation in the country, stemming from economic hardship, insecurity, and spiraling poverty.
The former Governor of Anambra State called for the immediate reopening of the business plaza, advocating for dialogue and confidence-building measures to prevent future incidents.
He wrote: “The fracas last Saturday at Banex Plaza in Abuja between military personnel and traders led to a one-week closure of this busy business area.
“This incident and its aftermath are manifestations of the growing tension and intolerance in our nation. The increasing friction between civilians and security operatives, especially the military, is a matter of grave concern.
“The rise in these clashes is connected to the stressful situation in the country due to economic hardship, insecurity, and spiraling poverty. Our security operatives, like the rest of the populace, are deeply upset and agitated.
“Regardless of the trigger for this particular conflict, resorting to vandalism and violence does not benefit either civilians or the military.
“An indefinite closure of the business premises is unwise, as it will exacerbate the hardship for traders, business owners, and the general public. The economic impact of a prolonged closure is significant, given the number of people who rely on the daily activities at the plaza.
“Government and military authorities should address the growing friction between civilians and security personnel and take steps to resolve it.
“In every country, troops are loved by the people for their critical role in ensuring peace and protection. I wish no less for our country.
“I urge the immediate reopening of the plaza for business activities, followed by dialogue and confidence-building initiatives to prevent a recurrence.”
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By Gloria Ikibah
News
Obasanjo narrates how he escaped becoming drug addict
Former President Olusegun Obasanjo has revealed how he almost became a drug addict.
He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.
Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.
The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.
“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.
“There’s nothing drug can do for you except destruction.
“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.
He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.
News
We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.
Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.
“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.
“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”
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