Economy
Nigerians Urges Tinubu To Implement Favourable Policies To Reduce Inflation
Nigerians Urges Tinubu To Implement Favourable Policies To Reduce Inflation
Nigerians urges Tinubu to implement favourable policies to reduce inflation. Many residents of Abuja told journalists Abuja on Sunday that this would lead to economic growth and stability that benefits all citizens.
Nigerians have called on the federal government to implement effective policies to reduce inflation and strengthen the economy.
Many residents of the Federal Capital Territory (FCT) told journalists in Abuja on Sunday that this would lead to economic growth and stability that benefits all citizens.
The National Bureau of Statistics (NBS) recently released the rebased Consumer Price Index Report showing Nigeria’s headline inflation for January 2025 at 24.48 per cent on a year-on-year basis.
The food inflation for January 2025 was 110.03, which resulted in a rate of 26.08 per cent on a year-on-year basis.
The NBS said the increase was mainly driven by food and non-alcoholic beverages, restaurants and, accommodation services and transport.
Kennedy Okoli, a businessman, said inflation was significantly impacting the populace, leading to heightened economic challenges.
Mr Okoli called upon the federal government to take urgent action to effectively address this critical issue with effective and sustainable policies.
He said the rebasing of the CPI was a good idea, but the results did not reflect the current realities.
“Nigerians are hungry, food and transportation costs are on the increase. It may look like things are changing on paper, but the current reality says otherwise,” he said.
Olabisi Samuel, a public servant, said inflation was still increasing, calling on the federal government’s intervention.
Ms Samuel said proper policies and reforms should be implemented to ensure the economy picks up.
“The government must show commitment to people by taking concrete steps and making immediate efforts to improve the economy, and one way is by addressing the issue of inflation,” she said.
Tunde Ajani, an entrepreneur, said inflation was still on the increase, judging from the prices of goods and services in the market.
Mr Ajani called on the government at all levels to take proactive steps to address inflation, which he said would help reduce the burden Nigerians were facing.
“Insecurity needs to be addressed so farmers can go to their farms, and the cost of transportation needs to also be reduced,” he said.
Nura Idris, a businessman, said small businesses were significantly impacted by the rising inflation, as he called on the federal government to formulate policies to help small businesses.
Fruits market
Mr Nura said small businesses should be given single-digit interest loans to help their businesses stay afloat.
“The government needs to show Nigerians they are serious in addressing the issue of inflation.
“If they can do this, it will also attract investors because nobody wants to invest in an unstable economy,” he said.
Experts continue to call on the federal government to address insecurity and the cost of transportation and adopt mechanised farming to address inflation.
Customs Seizes 34,470L Of Smuggled Petrol At Taraba-Cameroon Border
Customs seizes 34,470L of Smuggled petrol at Taraba-Cameroon border. The Nigeria Customs Service (NCS) has intensified its crackdown on fuel smuggling, seizing 34,470 liters of Premium Motor Spirit (PMS) and a heavy-duty transportation truck in a three-hour operation along the Taraba-Cameroon border.
The enforcement, led by the Customs’ Operation Whirlwind unit, targeted smugglers operating through Gembu and Kan-Iyaka in Sardauna LGA, a known smuggling corridor.
Speaking at a public auction in Jalingo, Comptroller General of Customs, Bashir Adewale Adeniyi, disclosed that the operation was carried out with support from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Office of the National Security Adviser.
Adeniyi explained that intelligence from the inter-agency intelligence fusion center detected unusual fuel movement patterns in the Sorofi and Kan-Iyaka areas between March 8 and 9, 2025.
Acting on this, field teams executed a series of coordinated interceptions, disrupting what appeared to be an emerging smuggling route.
The seizure included 1,149 Jerry cans of PMS, each containing 30 liters, totaling 34,470 liters. A specialized transportation truck valued at ₦4 million was also confiscated, bringing the total duty-paid value to ₦37.78 million.
Adeniyi noted that a significant portion of the smuggled fuel was intercepted in Gembu, while 180 Jerry cans and the truck were seized en route to the Kan-Iyaka border crossing.
Cameroon Border
Describing fuel smuggling as a threat to national security and economic stability, Adeniyi urged security agencies to remain vigilant. He stressed that petrol is vital to economic activities and warned that shortages could slow down the economy.
He reaffirmed the NCS’s commitment to tackling smuggling networks and safeguarding Nigeria’s energy sector and economic interests.
Akwa Ibom Lawmaker Covers Medical Bills For Patients At Palmer Memorial Hospital
Akwa Ibom Lawmaker covers medical bills for patients at palmer memorial Hospital. For patients at Palmer Memorial Hospital in Ikot Usen, Ibiono Ibom Local Government Area, financial hardship often stood between them and life-saving treatment. That changed when Rt. Hon. (Barr.) Ime Basy Okon, the Member Representing Itu-Ibiono Ibom Federal Constituency, stepped in to settle outstanding medical bills, offering patients a renewed chance at life.
The compassionate gesture came during Day 2 of the ongoing free medical and surgical outreach sponsored by the lawmaker across Itu and Ibiono Ibom Local Government Areas. While inspecting the outreach on Day 1, Okon learned of emergency cases where patients remained stranded due to unpaid hospital bills.
Moved by their plight, he personally cleared their debts a decision he emphasized was outside the outreach’s budget, but a private intervention to support his constituents in urgent need.
Among the beneficiaries was Abasima Offiong, who had suffered a spinal cord injury and required emergency surgery. With no means to cover the cost, his condition was critical, until Hon.Okon’s intervention ensured his procedure was fully funded.
Another case was Idongesit Ndifreke, who had undergone a Caesarean section but remained in the hospital for over two weeks due to unpaid bills. The lawmaker’s generosity not only secured her discharge but also allowed her to return home with her newborn.
Akwa Ibom
One of the most harrowing stories involved a woman whose unborn child had died in the womb. Lacking funds for an emergency procedure, her life hung in the balance. Overcome with emotion, Okon immediately took over the cost of surgery, ensuring swift medical intervention to save her life.
Speaking during the event, the lawmaker reaffirmed his commitment to humanitarian efforts. “When God blesses us, we should also be a blessing to others,” he said, underscoring the importance of compassion and community support. Grateful beneficiaries and their families hailed Okon’s intervention as both timely and life-saving.
As the free medical and surgical outreach continues, it remains a beacon of hope for residents of Itu and Ibiono Ibom, reinforcing Okon’s dedication to accessible healthcare and the well-being of his constituents.
Government Approves N1.149bn For Solar Street Lights, Infrastructure In Gombe
Government approves N1.149bn for solar street lights, infrastructure in Gombe. He said the governor approved the projects to align with his vision for infrastructure development.
The Gombe government has approved N1.149 billion for the installation of solar street lights and other infrastructure in three local government areas of the state.
Mahmood Yusuf, director-general, Joint Project Development Agency, stated this at a news conference on Thursday in Gombe.
He said the Joint Project Council (JPC) meeting chaired by Gov. Inuwa Yahaya, approved the projects to align with his vision for infrastructure development.
Mr Yusuf listed the projects to include the installation of solar street lights on newly constructed roads in Kumo at the total cost of N740 million; fencing of the NALDA market and installation of solar street lights at Kwadon area of Yamaltu/Deba, costing N362 million.
He said that N47 million has been approved for the expansion of the grains market and construction of six public toilets in Billiri.
Mr Yusuf said that the N112 million grain market project was approved in 2024, but reviewed upward to N159 million, to provide six additional toilets.
The director said the council also approved the deployment of GOSTEC and Operation Hatara personnel, to scale surveillance in schools and cemeteries in the state.
He said the measure was sequel to complaints over spate of theft in public buildings by the ALGON Chairman, Sani Haruna.
“The council has resolved to implement stricter security measures by deploying GOSTEC and Operation Hattara to enhance surveillance. The scope of Operation Hattara would be expanded to cover all the 11 LGAs,” he said.
Muhammadu Inuwa Yahaya
Also, Fatima-Binta Bello, chairperson, Shongom Local Government Council, expressed readiness to consolidate on Mr Yahaya’s achievements in education and health sectors.
She stressed the need to strengthen human resources through recruitment of qualified personnel to address manpower gaps and enhance quality service delivery, especially at primary healthcare and basic education level.
Similarly; Ahmad Wali, chairman, Kwami LGC, said the council had initiated resurvey and remapping of grazing reserves and cattle routes to check farmer/herder clashes.
He warned that anyone found encroaching cattle routes and grazing lands would be sanctioned.
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