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Nigeria’ll Defeat Terrorists, Oshiomhole, COAS Assure

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Traders and sympathizers at Aleshinloye market razed by midnight fire in Ibadan recently.

Traders and sympathizers at Aleshinloye market razed by midnight fire in Ibadan recently.

The Edo State Governor, Comrade Adams Oshiomhole and the Chief of Army Staff, Lt-General Kenneth Minimah have expressed confidence in the ability of the Nigerian Armed Forces to defeat the terrorists troubling parts of the county.
Speaking weekend at the Nigerian Army Corps and School of Supply and Transport, Benin City during the commissioning of its remodelled Officers’ Mess, facilitated by the state government, Oshiomhole said terrorism and other violent crimes are alien to the nation and will be stamped out in no distant future.
According to him, “We in Edo State appreciate the sacrifices which the men and officers are paying at this critical time of our history dealing with new forms of crime that one never thought was possible in this country a couple of years back.
“We appreciate the will, the determination to confront the risk and to defeat them. I believe the Commander-In-Chief and our President, Goodluck Jonathan, is providing the leadership and the Nigeria Army is doing an excellent job in making a bold statement that these terrorists will be defeated. By the grace of God Nigeria will be secured for generations yet unborn”, he said.
“I want to thank Mr President, who graciously approved the Army to support and compliment the efforts of the Nigeria Police. For us in Edo, the Nigeria Army is part and parcel of the community. Edo people are proud of the Nigeria Army and are proud of the contributions you are making to make Edo State safe”, he added.
He thanked the Army for acknowledging the support of the state government.
He said: “Giving the support is one thing and making judicious use of it is another. I think the officers who remodelled this building have shown the capacity of the Nigeria army to manage resources judiciously.”
In his remarks, Chief of Army Staff, Lt-General Kenneth Minimah, assured Nigerians that the Nigerian Army will overcome the current security challenges facing the country.
He said “Let me reassure Nigerians that the current security challenges and other security challenges bedevilling the country are surmountable and will soon become a thing of the past. The Nigeria Army will not relent until all forms of terrorism and criminal activities are driven out of our shores. We cannot, we must not and we will not fail the nation.
“At this point I want to thank the President, Dr Goodluck Ebele Jonathan for his untiring support of the Nigerian Army and the armed forces as a whole. I equally thank our political leaders in all levels of Government for their solidarity of the Nigerian Army, particularly the Governor and people of Edo state,” he noted.
The Chief of Army Staff said “I want to thank the governor and people of Edo State, not only for this project but for other interventions in the Nigerian Army barracks in Edo State. I recall that just last June, Edo State Government provided a commercial borehole and a 500KVA generator for Ekenhuan Barracks.
“This gesture and many other support by Edo State Government is deeply appreciated and worthy of every level of commendation. I call on other state Governments to take a cue from the Edo State Government and support our troops to confront the current security challenges bedevilling our country.”
In a welcome address, Major General Nienge commended Governor Adams Oshiomhole for his interest in officers and men of the Nigerian Army in Edo State.

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Ogoni Youths Give FG 14 Days To Fix East-West Road

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No fewer than 400 youths under the aegis of Ogoni Youth Federation (OYF), yesterday, staged a peaceful protest at the Eleme axis of the East-West Road, giving the Federal Government 14 days ultimatum to mobilize to site and fix the road or have economic activities in the area grounded.
The protesters, who carried various placards with inscriptions to press home their demands, trekked from Akpajo Junction to Refinery Junction in Eleme LGA, chanting solidarity songs to register their discontent over the neglect of the road.
Addressing newsmen during the protest, President General of the Ogoni Youth Federation, Comrade Legborsi Yaamabana, said it was regrettable that the road, which was a major route to the economic hub of the nation, has remained in a deplorable state, only becoming a death trap that has terminated the lives of innocent Ogonis.
Yaamabana, who described the mass action of the youths as a ‘warning protest’, said if the contractors handling the road were not immediately mobilized to site, then, the youths will have no option than to shut down all economic activities in the area.
He said, “we cannot continue to watch our people being killed on daily basis by tankers because of the poor state of Eleme axis of the east west road, we are calling on the Federal Government to as a matter of urgency fix the road and save our people from untimely deaths as a result of the sorry state of the road, the only bridge on the road at Aleto has collapse but nothing is being done to avert the disasters faced by our people daily”.
Yaamabana also called on the Minister of Niger Delta Affairs, Senator Godswill Akpabio to constitute a substantive board for the Niger Delta Development Commission to address the development needs of the Niger Delta region, noting that the use of interim management for NDDC was “diversionary, self serving and not in the interest of the development of the Niger Delta region”.
The OYF president general also called on the Federal Government to exonerate Ken Saro-Wiwa and his compatriots who were extra-judicially murdered by the late Gen Sani Abacha military junta, and given post-humours honour as martyrs of democracy in Nigeria, while the ideals of justice they stood for should be upheld.
Also speaking, the immediate past secretary of the Ijaw Youth Council, Eastern Zone, Comrade James Tobin, who joined the protest in solidarity, decried the neglect of the East—West Road by the Federal Government, and called the immediate fixing of the road to save the teeming road users from untold pains and death.

By: Taneh Beemene

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Rising Prices Push 7m Nigerians Below Poverty Line -World Bank

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The World Bank has said that rising prices pushed about seven million Nigerians below the poverty line in 2020.
This was contained in a press statement titled, ‘Critical reforms needed to reduce inflation and accelerate the recovery, says new World Bank report,’ released by the World Bank’s Senior External Affairs Officer of Nigeria, Mansir Nasir.
The press statement was released, yesterday, in line with the latest World Bank Nigeria Development Update.
It was acknowledged that the Federal Government “took measures to protect the economy against a much deeper recession” but it was recommended that certain policies should be set for a strong recovery.”
The statement read, “The NDU, titled ‘Resilience through Reforms,’ notes that in 2020, the Nigerian economy experienced a shallower contraction of -1.8 per cent than had been projected at the beginning of the pandemic (-3.2 per cent). Although the economy started to grow again, prices are increasing rapidly, severely impacting Nigerian households.
“As of April, 2021, the inflation rate was the highest in four years. Food prices accounted for over 60% of the total increase in inflation. Rising prices have pushed an estimated seven million Nigerians below the poverty line in 2020 alone.”
Quoted in the statement, the World Bank Country Director for Nigeria, Shubham Chaudhuri, identified some of the challenges faced by the country and recommended a way forward.
“Nigeria faces interlinked challenges in relation to inflation, limited job opportunities, and insecurity.
“While the government has made efforts to reduce the effect of these by advancing long-delayed policy reforms, it is clear that these reforms will have to be sustained and deepened for Nigeria to realise its development potential,” Chaudhuri said.
Also quoted is the World Bank Lead Economist for Nigeria and co-author of the NDU, Marco Hernandez, who also gave a recommendation.
“Given the urgency to reduce inflation amidst the pandemic, a policy consensus and expedite reform implementation on exchange-rate management, monetary policy, trade policy, fiscal policy, and social protection would help save lives, protect livelihoods, and ensure a faster and sustained recovery,” Hernandez said.

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Inflation Dips To 17.93% In May, NBS Confirms

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Nigeria’s inflation rate dropped to 17.93 per cent in May, 2021, from 18.12 per cent recorded in April, 2021.
The National Bureau of Statistics (NBS) revealed this in its monthly Consumer Price Index report released, yesterday.
The drop in the headline inflation in May was the second consecutive month this year.
The report indicates that the consumer price index (CPI), which measures the inflation rate increased by 17.93 per cent (year-on-year) in May, 2021, which is 0.19 per cent points lower than the rate recorded in the preceding month.
According to NBS, food inflation dropped in the same month from 22.78 per cent recorded in April, 2021 to 22.28 per cent in May, 2021.
The report reads, ‘‘All items less farm produce which excludes the prices of volatile agricultural produce stood at 13.15 per cent in May, 2021, up by 0.41 per cent when compared with 12.74 per cent recorded in April, 2021.
‘‘The highest increases were recorded in prices of pharmaceutical products, garments, shoes and other footwear, hairdressing salons and personal grooming establishments, furniture and furnishing, carpet and other floor covering.
‘‘Others include, motor cars, Hospital services, fuels and lubricants for personal transport equipment, cleaning, repair and hire of clothing.
“Other services include personal transport equipment, gas, household textile, and non-durable household goods,” the NBS added.

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