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Convoke Confab On Falling Naira, Inflation, Food Crisis, Reps Tell FG
The House of Representatives, yesterday, urged the Federal Government to “convoke a Special Economic Roundtable” to proffer holistic and workable solutions to falling naira and rising inflation in Nigeria.
The House also urged the Federal Ministry of Agriculture and Natural Resources to come up with urgent emergency plans to expand the economy, especially in the areas of entrepreneurial and agricultural training.
The House further urged the Federal Ministry of Commerce, Trade and Investments to deploy intervention strategies to ameliorate the current economic situation and checkmate the food crisis in the country.
These resolutions were reached following the unanimous adoption of a motion titled ‘Need to Address the Fall of the Naira and the Worsening Rate of Inflation in the Country.’
The motion was sponsored by Messrs ShehuKakale, Julius Ihonvbere, Mukhtar Dan-Dutse, AmiruTukur, Amos Gwamna, Jatau Mohammed, Benjamin Mzondu, Ahmed Zanna and AbianteAwaji-Inombek.
Moving the motion, Kakale decried that the economic situation in the country is “deteriorating at a worrisome rate as insecurity, hyperinflation, massive unemployment and underemployment pervades all sectors of the economy, thus promoting social pressures and general dissatisfaction.”
He said, “The House also notes that with the ever-recurring policy challenges, corruption and the over-reliance on crude oil, if not urgently addressed may lead to a dangerous cauldron of ethnic tension, youth, discontent and criminality, which threatens to spread more poverty and violence in the country.
“The House further notes that insecurity is a major impediment to economic growth, which has cost Nigeria over $10.3billion in 2020, an amount more than the Federal Government’s total revenue for the same year.
“The House is aware that the growing case of insecurity in the land has badly affected agricultural production as farmers can no longer go to the farm, and traders can no longer travel for fear of being kidnapped, abducted or killed.
“The House is further aware that unless urgent and decisive steps are taken to ameliorate the worsening situation, it may degenerate into social decay and crises in homes that may increase the suicidal tendencies and statistics in Nigeria.
“The House is alarmed that the bourgeoning rise in inflation rate in the country has led to astronomical rise in food prices, taking them virtually out of the reach of the middle and lower classes.”
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
