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Lockdown: Open Food Reserve Centres Now, PDP Tells Buhari

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Federal lawmakers from the opposition Peoples Democratic Party (PDP), in the House of Representatives have urged President Muhammadu Buhari to immediately unlock the national food reserve agency and distribute items to Nigerians across the 774 local government areas.
This, they said, will curb the spate of hunger in the land amid the lockdown order to halt the spread of Coronavirus pandemic in the country.
In a statement issued by the parliamentarians under the umbrella name, “PDP House of Reps Caucus”, yesterday, signed by their leader, Hon. Kingsley Chinda (Rivers State, PDP) and made available to newsmen in Abuja, the members said that available records indicated that compliance to total lockdown has not always been 100 per cent successful if the food question was not addressed.
While commending Buhari for the directive during his state broadcast last Sunday, the caucus, in the statement titled, “COVID-19 Pandemic: A Call for Further and Decentralized Action”, also asked the National Assembly to immediately enact a law for national food prices control.
The caucus said: “The COVID-19 pandemic has certainly taken our country on the emergency course, unexpected and unanticipated at the beginning of the year that strategic legal, policy and legislative responses have dovetailed into measures directed at curtailing or halting the pandemic.
“As members of the PDP Caucus of the House of Representatives, we have consistently called, and we still continue to call, for measured responses that take the poor economic conditions of Nigerians, the rights of citizens, the scaling up of the medicare framework, into account in the management of the COVID-19 pandemic.
“While many governors have stepped away from what Prof Wole Soyinka rightly described this week as an attempt to halt the spread of the pandemic virus by constitutional piracy, we note that the absence of a structured federal response, based on the dictates of the law, may have led them to ramp up measures outside the remit of their constitutional powers.
“The rule of law has now prevailed, and it is in this light we welcome some of the measures outlined in the President’s belated broadcast and in the Regulation (COVID-19 Regulation 2020) made pursuant to Sections 2, 3 and 4 of the Quarantine Act; though the presidential broadcast and Regulation took a long time coming. Well, better late than never. While we find the measures largely satisfying, it is our considered view that the palliative measures outlined in the presidential broadcast and regulation are not far-reaching enough, while some are completely inapplicable.
“Experiences through history have shown that citizens’ rights to movement are often heavily implicated when measures directed at halting the spread of contagious diseases and restoring public safety do not address the food question behind the curtains, worsening food security conditions.
“During the Ebola outbreak a few years ago, citizens of Liberia, Guinea and Sierra Leone openly defied the restrictions that were imposed on movement to limit the transmission of the disease, after staying indoors for a few days in hunger. We must learn quickly from these experiences by ensuring that immediate measures on food security are ramped up.
“One way of doing this is to open up our national food and grain reserves across the country and distribute food to the poorest of the poor in our country at the Local government level. The President should as a matter of utmost urgency issue an Executive Order, pursuant to his powers preserved by Section 5 of the Constitution 1999, directing the Minister of Humanitarian Affairs, National Food Reserve Agency and National Emergency Management Authority to release and manage the distribution of food in our national reserves.
“The Executive Order must set out clear consequences for breach, particularly as they relate to public officials who seize on the times to make brisk businesses and gains from the miseries of the people.
“Other measures such as food prices control should be ramped up; though specific, targeted and temporary legislation on food prices control will be needed for enforcement. This is where the National Assembly comes in – by establishing a framework of teleconferencing and social media communication, where the current lockdown and the medical advisories that bar public gatherings make it impossible for the reconvening of the National Assembly, to deliberate and pass such bills, as the Food Prices Control, COVID-19 Containment, Emergency and Disaster Management, into law.”
Also commending the Speaker of the House, Hon Femi Gbajabiamila and the House for the timely passage of an emergency bill to provide palliatives and the donation of members’ of March and April, 2020 salaries to fight the disease, the opposition lawmakers, however, asked that their deductions be transferred directly to their constituencies, saying they had no confidence in the sharing formula of the government.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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