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Nigerians Urges Tinubu To Implement Favourable Policies To Reduce Inflation

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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

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.

Crime

EFCC Arraigns Chinese Zhang Wen Hao For Cheating

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EFCC

EFCC Arraigns Chinese Zhang Wen Hao For Cheating

EFCC arraigns Chinese Zhang Wen Hao for cheating. The Economic and Financial Crimes Commission EFCC Abuja Zonal Directorate has arraigned a Chinese, Zhang Wen Hao, before Justice Ibrahim Shekarau of the Nasarawa High Court sitting in Mararaba

He was arraigned on a one count charge bordering on cheating.

The count reads “That you, Zhang Wen Hao sometime in March 2023 at Suleja within the jurisdiction of this Honorable Court did intentionally induce Paul Yichol with One Thousand Naira only to open account number 1715754475 in his name with Access Bank PLC for the purpose of using same for unlawful activity and thereby committed an offence contrary to Section 320 of the Penal Code Law of Northern Nigeria and punishable under Section 322 of the same Law.”

EFCC

EFCC

He pleaded not guilty, prompting the prosecution counsel Taiwo Aromolaran to ask the judge for a date to commence trial. Meanwhile, counsel to the defendant Michael Ukatu made an oral application for bail

Justice Shekarau adjourned the matter till March 12, 2026 for hearing of the bail application and ordered that the defendant be remanded in the custody of the EFCC.

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Abuja

Residents Appeal For Immediate Resumption Of Road Project In Abuja Community

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Abuja Community

Residents Appeal For Immediate Resumption Of Road Project In Abuja Community

Residents appeal for immediate resumption of road project in Abuja community. Residents of the Mpape community in the Bwari council have appealed for the immediate resumption of work on the abandoned Mpape Road project.

News Agency of Nigeria • March 6, 2026
Road under construction used to illustrate this story (Credit: X)
Road under construction used to illustrate this story (Credit: X)
Residents of the Mpape community in the Bwari council have appealed for the immediate resumption of work on the abandoned Mpape Road project.

The residents made the appeal on Friday in a letter addressed to FCT minister Nyesom Wike, describing the road as the only major access route into Mpape District.

“It is also a critical link to other parts of the FCT,” the residents said in the letter.

Donatus Shekwolo, who signed the letter on behalf of the Mpape residents, commended the ongoing infrastructure reforms across the territory and urged the minister not to forget the area.

“The suspension of the Mpape Road project has continued to inflict hardship on residents and commuters.

“The road’s deplorable condition has led to daily gridlock, prolonged travel time and frequent vehicle breakdowns. Transportation costs have risen, while safety risks increase during the rainy season.

“Mpape hosts an estimated 500,000 residents, including civil servants, artisans and traders contributing to Abuja’s economy,” Mr Shekwolo said in the letter.

Mr Shekwolo noted that the area accommodates the Julius Berger Nigeria Plc quarry site, which supports construction activities across Abuja.

“The presence of heavy-duty trucks, alongside commercial and private vehicles, places enormous pressure on the damaged road,” said Mr Shekwolo.

He said, on behalf of the residents, that constant interaction between trucks and smaller vehicles has worsened the road’s deterioration and heightened accident risks.

Abuja Community

Road projects

 

“Several houses and businesses were demolished to pave the way for the project, and many families remain displaced, while portions of land were left exposed and unsafe.

“Completing the road will enhance mobility, economic activities, security and emergency response services. The minister should intervene and ensure the immediate resumption and timely completion of this project,” the letter stated.

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Economy

Enugu Assembly Passes Bill On Harmonisation Of Taxes

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Enugu Lawmaker Defects

Enugu Assembly Passes Bill On Harmonisation Of Taxes

Enugu assembly passes bill on harmonisation of taxes. The assembly’s majority leader, Iloabuchi Aniagu, said the bill would make the Enugu State Internal Revenue Service (ESIRS) be in charge of collecting taxes.

Enugu House of Assembly
The Enugu House of Assembly on Thursday passed the State Harmonised Taxes and Levies Bill aimed at streamlining taxes and levies collected in the state.

Leading a debate before its passage in Enugu, the assembly’s majority leader, Iloabuchi Aniagu, said the bill would make the Enugu State Internal Revenue Service (ESIRS) be in charge of collecting taxes.

Mr Aniagu noted that the current administration was doing everything possible to give the state a facelift, hinting that this could only be achieved through tax collection.

While noting that no society can develop without taxation, the lawmaker added that the bill would curb the menace of roadblocks by touts, which he described as a serious issue in the state.

Another lawmaker, Malachy Onyechi, revealed that the bill, when implemented, would stop people from evading taxes.

Mr Onyechi regretted that many people evade taxes but want the government to provide basic amenities in their communities.

Also, Obiajulu Ugwu pointed out that the bill was an indication that the state government had not only heard the cries of the masses but was also determined to find a solution.

She argued that the issue of multiple taxation was affecting the state government’s image and also providing the opposition with an avenue to criticise and attack the current administration.

The lawmaker stressed that the bill would end needless extortion by different ministries, departments, and agencies (MDAs).

Enugu Lawmaker Defects

Enugu Lawmaker

Speaking shortly after the passage of the bill, the House speaker, Uche Ugwu, reiterated that the eight assembly was determined to sanitise the state’s tax system.

Mr Ugwu maintained that the assembly would not fold its hands and watch greedy individuals impose hardship on the people or allow their constituents to suffer under the guise of tax collection.

The speaker stressed that the passed bill was not targeted at a group or individual but was to restore sanity in the collection of taxes and levies in the state.

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