Policies
Afenifere: We’ll not support military takeover
Pan-Yoruba sociocultural group, Afenifere, has said it is against military takeover of any kind. In a statement, National Publicity Secretary of the group, Comrade Jare Ajayi, described military intervention in government as a curse. He said the recent clamour for change in the country was borne out of frustration over the state of the nation. Ajayi said, “Going by what the nation went through under the military, we will certainly not support another military rule in Nigeria under any guise. “It is on record for example that apart from the general abridgement of the rights of Nigerians under the military, members of the the National Democratic Coalition (NADECO) masterminded by Afenifere suffered greatly. “It is on record that we lost a lot of patriotic Nigerians all because they were prot...
May Day: President Buhari promises workers better packages
President Muhammadu Buhari has assured workers of better packages to cushion economic effects of COVID-19 on their resources. The President said his administration has put in place some socio-economic policies to alleviate poverty. Buhari said the Federal Government has expanded the Conditional Cash Transfer for the vulnerable poor from 2.6 million households to 7.6 million. He also noted COVID-19 Rapid Response Register has been expanded for urban poor to 4.8 million households, which included urban poor and working class. The President spoke during this year’s May Day celebration at the Eagle Square on Saturday in Abuja. This year’s celebration had as its theme: “COVID-19 pandemic, social and economic crisis: challenges for decent jobs, social protection and people’s welfare”. Buhari, wh...
George Floyd murder: Minneapolis police to face US federal probe
A US federal investigation has been launched into policing practices in the city of Minneapolis, a day after one of its former officers was convicted of the murder of George Floyd. The justice department will look at whether there has been a pattern “of unconstitutional or unlawful policing”, Attorney General Merrick Garland said. It follows national outrage over the killing of Floyd by Derek Chauvin. The former officer was convicted of all charges against him on Tuesday. Chauvin was filmed kneeling on Floyd’s neck for more than nine minutes during an arrest in May 2020. Floyd, an unarmed African American, was pronounced dead an hour later. His death sparked protests across the US and worldwide, and calls for police reform. Tuesday’s verdict has been widely welcomed in a country where poli...
Minister calls for transformation of food system
Minister of Environment, Dr. Muhammad Abubakar, has called for the transformation of the food system to aid rejuvenation of soils and forest covers. Speaking at the 14th National Council of Environment virtually held with the theme: “Managing Emerging Environmental Challenges: Need for Strategic Approach to Sustainable Development in Covid-19 Era and Beyond,” the Minister said: “There is urgent need to transform our food system which has been the major factor in the issue of loss of biodiversity, fresh water and deforestation with its attendant effects on climate change. It is therefore, expected that pertinent issues of climate smart agriculture and agro ecological practices that will aid rejuvenation of soils and forest covers, among others,are discussed during this meeting.” He noted th...
Analysts: Printing currency could hurt economy
Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy. The analysts, in separate interviews with newsmen, warned that a sustained policy of printing the currency, if not well managed, would hurt the economy. The concern came on the heels of recent revelation by Governor of Edo State, Mr. Godwin Obaseki, that due to the dwindling revenue in the face of declining oil revenue arising from the growing sources of alternative sustainable energy, the federal government had to print money to augment the amount available for sharing by the federal, state and lo...
Reports: Governments ‘gender blind’ to coronavirus’ ‘greater impact’ on women
Governments are putting women and girls at greater risk of the health and socio-economic impacts posed by the coronavirus pandemic, two global studies released Wednesday show. They called on leaders to prioritise gender equity in their response to the health crisis. Two studies, one from a global research partnership led by the Global Health 50/50 Project in London and another by the Center for Global Development (CGD) in Washington, were released Wednesday to coincide with World Health Day that highlight major failings by national governments to consider sex or gender in their COVID-19 policies. Since the start of the pandemic in March 2020, several studies have pointed to the disproportionate impact of the pandemic on women. Many women have shouldered a heftier burden taking on more unpa...
Senator Mark urges Nigerians to bury religious, ethnic differences
News Agency of Nigeria A former President of the Senate, Senator David Mark, has charged Nigerians to bury their religious and ethnic differences and come together to establish a common front against forces threatening the peaceful coexistence of the people. Mark said it was time for all men and women of good conscience to rise to the occasion and proffer lasting solutions to the lingering insecurity that has enveloped the entire country. The former Senate President stated this at a mass on Thursday to mark his 73rd birthday at St. Mulumba Catholic Chaplaincy, Apo, Abuja. According to him, Nigerians can no longer deny the current level of insecurity and disharmony rocking the nation. He said: “Though we have different reasons to celebrate at different times, we cannot shy away from the pre...
IMF, World Bank advocate flexible fiscal support, debt relief
Against the backdrop of a pandemic impacted global and national economies, the International Monetary Fund (IMF) and World Bank have urged fiscal authorities to execute flexible and supportive fiscal policies to support economic recovery and cushion the long-term impact of the pandemic. In a paper that was titled: ‘Tailoring Government Support’, IMF staff said until the pandemic is brought under control, fiscal policy will have to remain flexible and supportive. It advised governments to prioritize certain policy measures that include targeted support to vulnerable households, investment in health system and more focused support to viable firms, warning that if the pandemic persists, widespread corporate insolvencies could result, destroying millions of jobs, particularly in contact-intens...
US Supreme Court dismisses case on Donald Trump blocking Twitter critics
The U.S. Supreme Court set aside a federal appeals court ruling that former President Donald Trump violated the First Amendment when he blocked critics from following his Twitter account. The case had already lost its practical impact given Trump’s election defeat and Twitter’s Jan. 8 decision to permanently ban his @realDonaldTrump account for glorifying violence. But the two sides in the case continued to spar over the fate of the appeals court decision. Before Trump left office, the Justice Department asked the justices to wipe away the precedent, while those suing him sought to keep it intact. The appeals court said a social media account run by government officials can become a constitutionally protected “public forum” if used to conduct official business. The Supreme Court has said t...
UN projects Nigeria’s GDP to expand by 1.5 percent
Nigeria’s gross domestic product (GDP) is projected to expand by 1.5 per cent this year, after a contraction of 3.5 per cent in 2020, a United Nations (UN) report said on Wednesday. In the latest World Economic Situation and Prospects report, the UN noted, that tighter foreign exchange (forex) liquidity, mounting inflationary pressures and subdued domestic demand clouded the medium-term outlook. Although last year, the global economy shrank by 4.3 per cent, this year’s projected recovery of 4.7 per cent will barely offset the losses of 2020, according to the report. The World Economic Situation and Prospects 2021 is a report produced by the UN Department of Economic and Social Affairs (DESA), in partnership with the UN Conference on Trade and Development (UNCTAD), and the five UN regional ...
DPR: Market forces should determine gas prices
File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...
Kim Jong Un: North Korea facing its ‘worst-ever situation’
Kim Jong Un says North Korea is facing its “worst-ever situation” and called on “grassroots” members of the ruling Workers’ Party to be more proactive and responsible in carrying out the country’s new five-year economic plan. The comments, reported by state media on Wednesday, came as experts warn Kim is facing perhaps his toughest moment as he approaches a decade in rule, with North Korea’s coronavirus lockdown unleashing further shock on its sanctions-battered economy. North Korea’s official Korean Central News Agency said Kim made the comments during an opening speech at a meeting of the Workers’ Party’s cell secretaries on Tuesday. “Improving the people’s living standards … even in the worst-ever situation in which we have to overcome unprecedentedly numerous challenges depends on the ...