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Inflation dragged many people into poverty in 2024 — Gov Makinde
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.
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.
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.
“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.”
President Bola Tinubu has nominated Melvin Ayogu to the board of the Central Bank of Nigeria and has sought Senate confirmation for the appointment.
The Special Adviser to Tinubu on Information and Strategy, Bayo Onanuga, made this in a statement on Wednesday.
Tinubu also sought Senate confirmation for Nwakuche Ndidi as controller-general of the Nigerian Correctional Service.
He said the requests, conveyed in letters to Senate President Godswill Akpabio, were read during Tuesday’s plenary.
Tinubu had previously nominated Robert Agbide, Ado Wanga, Murtala Sagaley, Urom Eke, and Olayinka Aliyu to the CBN board in February 2024.
However, on February 29, 2024, the senate confirmed four people as members of the board of the CBN after Eke rejected the offer, citing “conflict of interest”.
Tinubu replaced Eke with Ruby Onwudiwe on March 13, 2024; however, a day after, reports circulated that the president withdrew her nomination over political affiliation with the Labour Party, an opposition of the All Progressives Congress.
The decision reportedly followed pressure mounted on the president by members of the APC, as Onwudiwe publicly supported Peter Obi, who contested on the LP platform against Tinubu, at the 2023 presidential elections.
Members of the Lagos State House of Assembly have arrived the State House, Abuja, to meet with President Bola Ahmed Tinubu.
The legislators who arrived in two coaster buses had been allowed into the President’s office area to wait for the meeting.
Both the reinstated Speaker of the Assembly, Hon Mudashiru Obasa, and the ousted one, Hon Mojisola Miranda, were also sighted in the team.
While Meranda arrived with her colleagues at some minutes past 2pm, Obasa arrived separately at about 2:50pm.
The meeting may not be unconnected with the recent leadership crisis in the State House of Assembly.
It would be recalled that Hon. Obasa was impeached as Speaker by a majority of his colleagues, but he was latter reinstated after the intervention of the political leaders especially the Governor’s Advisory Council, (GAC)
Despite the Speaker’s reinstatement, it was gathered that the bad blood as a result of his impeachment is yet to be over.
The Nation
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has discribed as “useless” the letter sent by Governor Siminalayi Fubara to the Rivers State House of Assembly, requesting a meeting regarding the Supreme Court’s ruling on the state’s political matters.
During a conversation with journalists in Abuja on Wednesday, Wike, the former governor of Rivers State, voiced his disapproval, emphasizing that Speaker Martins Amaewhule and other members of the Rivers Assembly are independent individuals who deserve respect.
Wike argued that instead of issuing a public letter to invite the lawmakers, Fubara should have contacted Amaewhule and his team directly by phone to schedule a private meeting at a convenient time.
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