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We’re retooling financial sector for better days ahead-FG

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By Kayode Sanni-Arewa

President Bola Tinubu has again acknowledged the economic challenges confronting Nigeria, assuring citizens that his administration is “retooling” the financial system to ease their economic difficulties.

Tinubu, former Lagos governor, who was sworn in as Nigeria’s President on May 29, 2023, said it has been “a very challenging time for us in the country”.

“Up till now, we are still retooling and rejigging our financial system to bring prosperity and relief to the people of this country,” the President said when he commissioned the Guzape Lot II Infrastructure Project in Abuja on Saturday.

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He said the completion of the project was testament to what could be achieved through “diligent planning, collaboration and shared commitment to excellence”.

The President said commended the Minister of the Federal Capital Territory (FCT), Nyesom Wike, for delivering on the infrastructure renewal promises of the Federal Government to the people of the FCT.

“Nyesom Wike, you have provided exceptional leadership at a trying time for the country,” Tinubu said. “You’ve (Wike) demonstrated the capacity to build a team, to lead a team and to deliver on promises. I commend you. Well done.”

Pursue Dialogue, Not Litigation’
The President also urged the stakeholders in the FCT to pursue dialogue and not litigation to resolve land disputes.

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“To all of you here and the district head of Guzape or representing the district head, litigation is not the answer, conversation is the answer,” Tinubu said.

Development that is focused on the people for the economic prosperity, the benefit of all, is what should reside in us.

“Of what value is the land that is blocked by these high mountains and rocks that you cannot access, nor provide drinkable water?” the President queried.

“It’s not a personal thing. I stand here as the President. I don’t have a plot here but I have the people’s support and the mandate to deliver good quality of life and living environment. That should be enough for all us to share in the joy of commitment, dedication, perseverance, and the gifts that God has endowed us with.”

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The Chief of Staff to the President, Femi Gbajabiamila; and the FCT Minister of State, Mariya Mahmoud; among other dignitaries were also at the event.

Prices of food and basic commodities have gone through the roof in the last weeks, as Nigerians battle the country’s current economic crisis sparked by the current government’s twin policies of petrol subsidy removal and unification of forex windows.

On Sunday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, assured Nigerians that food prices would come down in the coming months.

“Inflation, yes, it is high at 33.65%, food inflation at 40.5% is worrisomely high but the fact is that inflation is coming down, month-on-month. It is slowing and it is expected to reduce as we continue the dry season harvest and then we go into the wet season harvest.

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“That is the place to focus on and a lot of emphasis is being placed on that to get agriculture output up, to get prices down, and that will be a big factor in bringing down inflation.”

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Just in: Gov Soludo reveals those behind kidnapping in SE, says it’s now a lucrative biz

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… better than oil and drug peddling

Governor Charles Soludo of Anambra State on Saturday disclosed that arrested Finland-based self-acclaimed Biafra agitator, Simon Ekpa “has continued kidnapping for ransom.

Soludo said kidnapping is currently a business that is more lucrative than drugs and oil.

The governor who spoke in Awka, the state capital, said before he became governor, eight local government areas in the state were being controlled by gunmen.

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Soludo also recalled how his father was kidnapped in 2009.

 

He said: “Kidnapping is not new, my father had been kidnapped as far back as 2009. GU Okeke, Pokobros and many others have fallen victim too.

 

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“Before I assumed office, about eight local government areas were being controlled by gunmen.

“They killed policemen and collected guns, attacked and burnt down police stations and went into the bush to label themselves liberators.

We came in and went to work and cleared them and we recovered the eight local government areas that were under siege. These gangs claim to be Biafra freedom fighters. IPOB has dissociated themselves from it, but one Simon Ekpa has continued kidnapping for ransom.

 

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“Kidnapping for ransom is now the most lucrative enterprise, even more lucrative than drugs and oil. For every one naira reported as payment for ransom, five to six naira was not reported.

 

“With a culture that celebrates wealth without craft, even the kidnappers amongst us are now celebrated. Idolatry which these criminals have converted to have become the fastest growing religion in the South-East. Nothing is sacred to them anymore.”

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Just in: Obi angry over exorbitant charges by POS operators despite hardship

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Ex-governor of Anambra State and presidential candidate of the Labour Party, LP, in the 2023 general election, Mr Peter Obi has protested the level of hardship faced by the poor in Nigeria.

The former governor spoke during a visit to the Archbishop Province on the Niger and Bishop of Awka Diocese of Church of Nigeria Anglican Communion, His Grace Alexander Ibezim.

He said: “The hardship in Nigeria is too much, how can the ordinary people survive. The woman who sells pepper by the road side has to pay huge charges to get her own money. How much is her profit margin and how much will remain after paying charges?

“No country is run like that. Don’t bother to interview me on that, I will write officially to the President on this and state all these things.

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“These (POS Charges) is too much, no country is run like this,” Obi told journalists who approached him to speak on the matter.

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Oborevwori expresses sadness over Edna Ibru’s passage

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Delta State Governor, Hon. Sheriff Oborevwori, has commiserated with the Ibru family of Agbarha-Otor in Ughelli North Local Government Area of the State on the death of their wife and mother, Mrs. Edna Ibru.

Mrs Ibru, who reportedly died after a brief illness, was the wife of late Olorogun Senator Felix Ovuodoroye Ibru, first Executive Governor of Delta State.

A former Miss Nigeria, Mrs Ibru in 1964, died in London after a brief illness on Wednesday.

In a statement by the Chief Press Secretary to the Governor, Sir Festus Ahon, the governor described the demise of Mrs Ibru as sad and painful, adding that she was a loving wife and mother who supported her husband and family in all his noble endeavours.

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He said, “On behalf of the government and people of Delta, I mourn the passing of a great woman of substance, a caring mother and loving wife, Mrs Edna Ibru.

“The news of her death came to me as a shock, especially now that the family members needed her motherly and wise counsel.

“She was a woman of faith who devoted her time in supporting her husband’s political career which culminated in his election as the first Executive Governor of Delta State.”

Oborevwori prayed to God to accept the soul of the deceased and grant fortitude to the family and friends she left to bear the loss.

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