Nation
GDP Growth Reflects Economic Recovery, Entrepreneurs’ Resilience-Expert
Economist, Dr Muda Yusuf, says the country’s 3.84 per cent Gross Domestic Product (GDP) growth in the fourth quarter reflects a gradual economic recovery and the resilience of Nigerian entrepreneurs.
Yusuf, Founder of the Centre for the Promotion of Private Enterprises (CPPE), stated this in a statement yesterday in Lagos.
He noted that in spite of the significant macroeconomic and structural challenges, private investors had continued to push forward.
He added that macroeconomic conditions began to improve in the second half of 2024, with the naira exchange rate stabilising.
According to him, inflationary pressures have slightly eased, and energy prices have also seen a marginal decline.
“Overall, the outlook for investors confidence has been positive over the past few months.
“These are the explanatory variables driving the modest GDP performance.
“One striking outcome of the Q4 GDP report was the recovery of the petroleum refining sector from decades of recession to a positive GDP growth of an impressive 9.6 per cent .
“This was one of the best sectoral performance among the strategic sectors of the economy,” he said.
Yusuf, however, noted that in the period under review, service sector continued to outperform the real sector of the economy.
This, he said, could be attributed largely to the legacy structural impediments to real sector productivity.
“The GDP report highlights the gradual recovery of the economy and the resilience of the Nigerian private sector.
“It also underscores the need to consolidate the stability gains in the macroeconomic environment and address the productivity challenges hindering real sector performance,” he said.
Nation
Katsina Chief Judge Frees 95 Inmates In Jail Delivery Initiative
The Chief Judge of Katsina State, Justice Musa Danladi, has granted bail to 91 inmates.
He also completely discharged four others during the first-quarter jail delivery exercise for 2025 at the Medium Security Custodial Centre in Katsina.
Speaking at the event yesterday, Justice Danladi explained that the Sub-Committee on Decongestion of Correctional Centres carefully assessed the cases before recommending the inmates for release.
Factors considered included age, length of time spent in custody, and medical conditions.
He further announced that going forward, the personal details and photographs of released inmates would be officially recorded to ensure proper documentation and accountability.
Addressing the freed individuals, he urged them to stay on the right side of the law, emphasising that another chance at clemency might not be available if they reoffend.
The Katsina State Controller of Corrections, CC Umar Baba, praised the initiative, stating that such interventions ease congestion, improve prison conditions, and support rehabilitation efforts.
He also called on judges and magistrates to consider alternative sentencing options to prevent unnecessary detentions and allow correctional facilities to focus on reforming and reintegrating offenders into society.
Nation
Court Strikes Out Charges Against Ex-Ooni’s Wife
The Oyo State High Court sitting in Ibadan has struck out murder charges against Ooni of Ife’s ex-wife, Queen Naomi Silekunola; the owner of Agidigbo FM, Oriyomi Hamzat; and principal of Islamic High School, Abdullahi Fasasi.
The Tide’s source recalls that the trio have been facing murder charges following the December 2024 children’s event stampede that led to the death of 35 children.
Justice B. K. Olawoyin delivering judgment yesterday, ruled that holding the defendants liable could discourage the public from engaging in humanitarian activities.
The court dismissed the four count charge, which included acceleration of death, conspiracy, negligent acts causing harm and failure to provide adequate medical facilities and security.
Nation
Military Denies Knowledge Of Community Negotiations With Terrorists
The Nigerian Military high command has stated that it is unaware of any community in the Northwest negotiating or entering peace agreements with bandits and terrorists for protection.
Speaking at a press briefing in Abuja yesterday, the Director of Defence Media Operations, Major General Markus Kangye, dismissed reports suggesting such peace deals.
He questioned why any community would resort to negotiations, given the sustained military offensives against terrorist groups.
“The military is carrying out its operations in line with established protocols for internal security. If any community claims to be seeking peace with bandits, the military does not support that,” Kangye asserted.
He further emphasised that joint military operations, in collaboration with hybrid forces and other security agencies, have remained relentless in tackling terrorism and organised crime.
Throughout the past week, troops conducted a series of combat patrols, raids, ambushes, clearance operations, and search-and-rescue missions, resulting in significant successes.
According to Kangye, several terrorists were neutralised, their collaborators were captured, and kidnapped victims were successfully rescued.
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