News

EU allocates €201m In Humanitarian Aid For Nigeria, 6 other Countries

Published

7 months ago

May 30, 2024

By Gloria Ikibah

The European Union has allocated €201 million in humanitarian funding to address the needs of the most vulnerable people affected by the humanitarian crisis in Burkina Faso, Cameroon, Chad, Mali, Mauritania, Niger and Nigeria.

The announcement comes on the occasion of the Senior Officials Meeting on Sahel and Lake Chad, attended by Commissioner Janez Lenarčič in Brussels.

In a statement by the European Union made available to journalists, the funding will support food security and assistance for malnutrition, health care and protection, water, sanitation and hygiene, shelter and education activities, as well as the transportation of humanitarian workers and supplies to remote and inaccessible locations.

The statement reads: “The EU humanitarian aid response will continue to focus on the countries and areas directly affected by ongoing insecurity and conflict, including West Africa’s coastal countries already impacted by the spill-over from Central Sahel.The overall funding will support humanitarian projects in:

” – Burkina Faso (€26.9 million); Cameroon (€21 million); Chad (€57.9 million, including the newly allocated €8.7 million in response to the consequences of the conflict in Sudan to the neighbouring countries and another €3.1 million to support an EU Humanitarian Air Bridge operation in the East, in addition to the initial €45.3 million announced by Commissioner Lenarčič during his visit to the country at the end of January 2024);

” – Mali (€24 million); Mauritania (€5.7 million, including the reinforcement of €3 million allocated in January 2024 in response to the increasing number of Malian refugees in Mauritania); Niger (€24.6 million); Nigeria (€31.5 million)”.

EU Commissioner for Crisis Management, Janez Lenarčič, said: “Insecurity, violence and over a decade of armed conflict is driving communities in the Sahel and Lake Chad regions to new depths of suffering. Today, over 35 million people across these regions are in need of aid, while the humanitarian crisis is now spilling over into West Africa’s coastal countries. At the same time, we are facing an increasingly shrinking response capacity and humanitarian access. It is therefore crucial that the international community scales up its efforts to bridge the growing gap between human need and available resources. The EU is doing its part by increasing its pledge for 2024 to over 200 million euros across the two regions. I urge the rest of the international community to play it part.”

The funding also supports the response to epidemics and population movement, through the allocation of €2.4 million through the Emergency Toolbox, an instrument to assist in sudden-onset crises specifically dedicated to emergency response for vulnerable people outside the EU.

Naijablitznews.com reports that the humanitarian situation faced by the population in the countries of Sahel and Lake Chad regions is alarming. More than 35 million people need humanitarian assistance in 2024 across Burkina Faso, Cameroon, Chad, Mali, Mauritania, Niger and Nigeria. This represents one in five people in the Central Sahel (Burkina Faso, Mali, Niger) countries. Despite this, this crisis remains largely underfunded: in 2023, humanitarian appeals for the three Central Sahel countries received only about one third of funds required.

Insecurity and violence are the main causes of the humanitarian crisis, with multiple consequences in terms of protection of the people affected, but also on their food security, on forced displacement, or on the functioning of basic services.

News

Nigeria Needs Comprehensive Reforms To Expand Its Tax Base – Speaker Abbas

Published

9 minutes ago

December 18, 2024

Gloria Ikibah

…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.

News

TALL Forcast: 2025 Budget will bring down inflation to 15%, dollar to N1,500-Tinubu

Published

3 hours ago

December 18, 2024

Naijablitznews

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.”

“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.

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%).

News

Finally, PDP Flushes Out Suspended National Vice Chairman, Ali Odefa

Published

3 hours ago

December 18, 2024

Naijablitznews

The Peoples Democratic Party (PDP) Oguduokwor Ward in Onicha Local Government Area of Ebonyi State has formally announced the expulsion of the suspended National Vice Chairman (NVC) of the party in the Southeast, Mr. Ali Odefa from the party.

Ali Odefa was suspended from the party on September 11, 2024 by the Ward Executives of the party for his engagement in various anti party activities. The Federal High Court sitting in Abakaliki while ruling on suit NO: FHC/AI/CS/182/2024 further affirmed the suspension on November 29, 2024.

Announcing the expulsion of Mr. Odefa at a well- attended press conference on Wednesday, the Acting Chairman of the PDP Oguduokwor, Hon. Onyedikachi Herbert Ovuta flanked by other Ward Executives stated that the expulsion of the erstwhile NVC follows the recommendation of the Party’s disciplinary committee that affirmed the allegations of anti-party activities leveled.

According to the party chairman, “The expulsion of Chief Ali Odefa follows the report, findings and recommendations of the Ward Disciplinary Committee of the party which is in line with the provisions of the party constitution.”

The party announced that Mr. Ali Odefa by the virtue of his suspension, therefore “ceases to be a member of the party.”

The party’s statement reads in part:

“The Peoples Democratic Party (PDP), Oguduokowor Ward, Onicha Local Government Area of Ebonyi State hereby announce the expulsion of Chief Ali Odefa, the suspended National Vice Chairman of the PDP, South East Zone from the party which takes immediate effect.

“The expulsion of Chief Ali Odefa follows the report, findings and recommendations of the Ward Disciplinary Committee of the party which is in line with the provisions of the party constitution.

“Recall that Chief Ali Odefa was suspended from the party by the Ward leadership on 11th September 2024.

“Consequent upon the judgement of the Federal High Court Abakaliki in suit number FHC/AI/CS/182/2024 which affirmed the suspension of Chief Ali Odefa, the Disciplinary Committee of PDP Oguduokwor Ward after their sittings on the above subject matter unanimously recommended that Chief Ali Odefa the Suspended PDP National Vice Chairman South East Zone be expelled from the party.

“The Executive Committee of PDP Oguduokwor Ward on 11th December 2024 after receiving the report, findings and recommendations of the Disciplinary Committee of PDP Oguduokwor Ward unanimously approved the expulsion of Chief Ali Odefa from the party which is compliance to section 58(1) and section 59(1) of the PDP constitution.

“Henceforth Chief Ali Odefa, seizes to be a member of our party the Peoples Democratic Party (PDP)