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Outrage greets Nigeria’s ranking as second-most terrorized country

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…Afenifere, Ohanaeze, ACF, PANDEF, MBF, LP, ADF, Osuntokun, others lament

Outrage on Friday, greeted the ranking of Nigeria as the second most terrorized and attacked country in the world after Iraq by the global Terrorism Research/ Analysis Organisation.

Groups and eminent Nigerians, who spoke on the ranking lamented the dangerous bent insecurity has taken and tasked the government on decisive action.

Those who spoke include the Afenifere; Ohanaeze Ndigbo; Middle Belt Forum, MBF; Pan NigerDelta Forum, PANDEF, Arewa Consultative Forum, ACF; the Labour Party, LP; and Chief Akin Osuntokun.

Commenting on the ranking, former National Publicity Secretary of the Arewa Consultative Forum, Mr Anthony N.Z Sani, said: “I do not have the facts to make informed comments on the rating of Nigeria as the second most terrorized nation in the world. All I can say is that the government should note the reports and double down its efforts in order to put a permanent end to insecurity posed by terrorist across the country.”

In its reaction, the pan Yoruba Socio-political organisation, Afenifere, said the ranking shows a vote of no confidence on the President Muhammaadu Buhari administration.

Afenifere’s National Publicity Secretary, Mr Jare Ajayi, said: “It’s a dangerous thing if on the negative side, Nigeria is ranked in the whole world after Iraq. As we all know, Iraq just went through a devasting war immediately after the removal of Saddam Hussein but Nigeria did not go through such.

“For that, there is no basis whatsoever why Nigeria should be in this kind of situation.

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It is a negative mark on the Buhari government, which has been on in the last seven years and a vote of no confidence on his administration.

“This is what Afenifere has been saying and we have been consistent on it. We are not comfortable with it and it is a pity that the global terrorism index has ranked us on the negative side. It is sad.”

National Chairman of the Labour Party, LP, Comrade Julius Abure, and National Publicity Secretary of the party, Comrade Abayomi Oluwafemi, said the ranking was in tandem with the parlous insecurity situation in the country.

Abure said securing lives and property of the citizenry is the basic minimum duty of any government and any government that cannot provide security should not exist.

The Labour Party added that Nigeria’s position as the second most terrorized nation on earth is a clear testimony of the failure of the President Buhari-led All Progressives Congress, APC administration.

National Publicity Secretary of the party, Comrade Abayomi Oluwafemi, said: “This ignoble position we have found ourselves is a clear testimony of the failure which the APC administration has been on all fronts over the last seven years.

“It is not surprising because this is the same country where bandits over ran our foremost military officers training institution, the Nigerian Defence Academy.

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“Is it not in this same country under the watch of the APC that bandits attacked the convoy of a sitting President? Is this not the same country where terrorists are killing, raping and maiming defenceless  citizens?

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“What about the killing of innocent worshipers at the Church in Owo? the APC is a total failure.

“That is why we appeal to Nigerians to make a better choice when voting in 2023, they can chose wisely by voting for the Obi/ Datti ticker and the Labour Party to change the narrative.”

The National Presidet of the Middle Belt Forum, MBF, Dr. Bitrus Pogu, said the classification of Nigeria as the second most terrorised country in the world was  absolutely correct because it was based on happenings in the country.

Dr. Poge who spoke to to Vanguard in Makurdi, said: “I believe that they used available data to arrive at that classification. There are a lot of things happening in this country that are not reported especially in the North West. The level at which the indigenous Hausa are being attacked and wiped out is unprecedented.

“You know that in our case (Middle Belt) we have an organised system and it has worked in our favour, we have been able to make noise in some cases. But in their own case much of it is not reported. But the international community has quite some data, and it is based on that that they must have arrived at the conclusion that we are the second most terrorised country in the world.

“So it is now left to our government that whatever they are hiding, whatever they didn’t want the international community to know, is now known; and they should do the needful.

“They should put their acts together because in the long run what they are trying to cover up will come to the open; and it has started coming to the open. We pray that they change what is being done.

“I mean when Governor Samuel Ortom said that government forces are protecting terrorists and now the Federal Government is saying they should give evidence as to who revealed it to him; it is all a cover up. As far as we know Nigeria is so terrorised, you and I don’t feel safe moving on the road. We move praying that we do not fall prey to bandits.

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“So that classification is correct as far as I’m concerned. And we need to do things right, so that we don’t continue to live in fools’ paradise and continue pretending that all is well while everything is not well.”

On his part, Chief Akin Osuntokun, former spokesman to former  President Olusegun Obasanjo, said:  “No honest observer of Nigeria can claim to find this revelation surprising. We live the daily realty of the report. But wait for the response of the presidency and the alternate reality they will concoct and you will understand why Nigeria is the way it is.

SEE ALSO:  How Zik ended Biafra war, prevented plan to annihilate Igbo — Jim Nwobodo

“Look, who feels it knows it. I went for the burial ceremony of the mother of my boss Nduka Obaigbena, two weeks ago in Agbor, Delta State. What pained me most was I couldn’t go by road. “Given the reality of contemporary Nigeria, it would have been insane of me to even float the idea for discussion.

You remember what the governor of kaduna state said on the security status of Nigeria. He said the government knows where these bandits are holed up and couldn’t understand why his principal, President Muhammadu Buhari was pussy footing around. He thereafter threatened to invite foreign mercenaries to come and fill the vacuum created by the incapacity of this government.

Two days ago, the Governor of Zamfara state, Mutawallen, stated he had ordered 7000 guns for the citizens to protect themselves since the government has become powerless to do anything about the security situation.”

The Pan-Niger Delta Forum, PANDEF, led by the South South leader, Chief Edwin Clark described the Global Terrorism Research/Analysis Organization ranking  Nigeria as the  2nd Most Terrorized/ Attacked Country After Iraq as the stark reality.

According to PANDEF, though the ranking is appalling and quite frightening the truth must be told considering how unsafe Nigeria is following the incessant attacks and kidnapping by terrorists, massive killing and wanton destruction of property.

Speaking with Vanguard,  National Publicity Secretary of PANDEF,  Mr.  Ken Robinson said: “The ranking of Nigeria as the second most terrorized/attacked country, coming after Iraq, and ahead of countries like Afghanistan, Somalia, Yemen, Syria, etcetera, is appalling and quite frightening, but that’s the stark reality.

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“The state of insecurity is dreadful and it’s worsening by the day; innocent Nigerians are being killed daily virtually in all parts of the country by violent extremist groups and criminal gangs. It is either audacious terrorist bandits and marauding killer expansionists in some parts of the country or vicious kidnappers, unknown gunmen and sea pirates in the other parts. Suffice it to say that the country is under an existential threat.

“Unfortunately, the Police, as well as the military and other security agencies, appear to have been overwhelmed, and the situation has been exacerbated by the equivocations of the government, with reports of official complicity and even outright sabotage.

“We can only hope that the next administration would be pragmatic and decisive in dealing with the security situation.”

Also reacting, Igbo elite body, Alaigbo Development Foundation, ADF, through its Spokesman, Chief Abia Onyike, said: “It is not the yearly increases in security budgets that would defeat insecurity and terrorism in Nigeria.

The defeat of these monsters would come from a radical socio-economic transformation that would guarantee mass employment opportunities, improved educational opportunities  for the citizens and a drastic national mental reformation which should place less emphasis on religious indoctrination and ethnic chauvinism.

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“If these measures are not introduced and followed, no amount of ammarment build-up can eradicate the crisis of terrorism, violence and banditry in Nigeria.”

“The  culture of extremism,  seperatism, violence and terrorism are man-made.They reflect the internal struggles between rival factions of the ruling class and  diverse regional forces for  political  control and hegemony. These struggles undermine patriotic commitment to nation-building.

“Unless the various ethnic and religious dichotomies are compelled to close ranks for genuine patriotism and nation-building, there can be no end to terrorism in Nigeria.”

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Agreeing with the ranking, the  Ohanaeze Ndigbo declared that insecurity in Nigeria would persist as long as the wrong approach is deployed to tackle it.

Ohanaeze specifically said insecurity would remain as long as the appointment of security chiefs are based on nepotism rather than on merit.

In a statement the National Publicity Secretary, Dr. Alex Ogbonnia, Ohanaeze Ndigbo said: “The insecurity in Nigeria will remain unabated so long as the wrong approach to its solution persists. In the first place, Ohanaeze Ndigbo Worldwide has raised alarm that the lopsidedness in the appointment of service chiefs in Nigeria has greatly antagonised merit.

“Ohanaeze has questioned the rationale behind the alienation of several brilliant brave military officers from the South East of Nigeria on account of nepotism. We argued that the expected morale and integrity in the armed forces will be jaundiced if ethnocentrism is elevated as a state policy among the rank and file of the army.

“The current insecurity catastrophe is the outcome of poor policy options.

“Secondly, the federal government is highly insincere in the fight against terrorism in Nigeria. It is very curious that the members of  Boko Harram are treated with kid gloves even when they kill, maim and displace  their victims. In other words, the Nigerian government lives in denial.

“Third, the gestapo style and precision with which terrorists overwhelmed the security operatives and picked the members of Boko Haram at the Kuje Correctional Centre leaves much questions than answers

“In sum, we do not really believe that any country is higher than Nigeria on insecurity, rather insecurity in Nigeria is underrepresented.

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“This is because, while the insecurity in some other countries such as Syria and Iraq are one directional, the sources of insecurity in Nigeria are multifaceted. They include Boko Haram, Fulani herdsmen, unknown gun men, banditry, kidnappings, cultism, corruption, fetishism, night marauders and hoodlums, etc.

“Based on the above backdrop, no Nigerian is sure of the next day. It is very painful that Nigeria has degenerated so low”.  – Vanguard.

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More pressures on pockets as food inflation rises to 40%

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More pressures on pockets as food inflation rises to 40%
•High electricity tariff to drive further rise — Analysts

•It’s bad for businesses – NACCIMA •Small businesses to lose capital base— ASBON

At the backdrop of sustained rise in prices of staple food items in the market, Nigeria has recorded an unprecedented food inflation rate of 40 percent in March 2024.

Economists and financial analysts explained that the development would put more pressure on the purchasing power of average Nigerian and they also predict that the trend will continue for some months before stabilising.

The food inflation drove the headline inflation rate to 33.2 percent, up from 31.7 percent recorded in the month of February.

The figures released yesterday by National Bureau of Statistics, NBS, in its Consumer Price Index, CPI, report for March 2024, represented a 2.09 and 1.5 percentage percentage points increases month-on-month.

But the analysts see a wider headline inflationary rise in this month to 34.6 percent, representing a 2.4 percentage month-on-month rise resulting from the recent hike in electricity tariff.

Electricity tariff hike to drive further inflation – CardinalStone

Analysts at CardinalStone Finance Limited, a Lagos based investment house, indicated that further inflationary upswing should be expected following the recent drastic hike in electricity tariff.

They stated: ‘’The inflation outlook is biased to the upside, a consequence of the recent implementation of a new electricity tariff. For context, the Nigerian Electricity Regulatory Commission (NERC) have hiked price for Band A customer from N68 to N225 per kilowatt hour.

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‘’Nevertheless, we see some downside risk from the recent currency sustainability. ‘’Overall, we project inflation to print 34.6% in April 2024.’’

SEE ALSO:  How Zik ended Biafra war, prevented plan to annihilate Igbo — Jim Nwobodo

Further rise will be slower – Alpha Morgan

In the meantime, analysts at Alpha Morgan Capital said: “From our analysis, we project that inflation will further increase but at a continuously slower rate. We tie this prediction primarily to the recent monetary interventions by the Central Bank of Nigeria in mopping up excess liquidity, curbing volatile exchange rate movement through various aggressive currency interventions, government fiscal policies, such as agricultural interventions, among others.”

Devpt is bad for businesses – NACCIMA

Meanwhile, OPS said that the persistent rising inflation could sound the death knell for small businesses in the country, with consequential loss of jobs and worsened insecurity.

Commenting, Director General of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Sola Obadimu, said: “Persistent rising inflation is bad for business as well as for individuals.

“It erodes income in value terms and purchasing power becomes weaker for both individuals and businesses. Inventories will continue to grow.

“It is bad for planning purposes and breeds growing uncertainty. Cost of doing business continues to grow leading to higher cost of goods. It’s cyclical.

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“Even when businesses or individuals tend to earn higher income, the value (in real terms) becomes lower.”

In his reaction, President of Association of Small Business Owners of Nigeria (ASBON), Dr Femi Egbesola, said the development will worsen survival of small businesses.

He stated: “The new and rising inflation rate, affecting largely food, essential commodities, raw materials, electricity and alternative power generation, transportation among others, will continue to worsen the survival and growth of SMEs.

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It will, no doubt, squeeze out the meager working capital of SMEs and make us more vulnerable to extinction.

“Not all costs can be passed to the consumers but even at that, certain costs will be passed onto them, and since they also have had their disposable income eroded by inflation, sales of goods and services of SMEs will drastically drop. For an average citizen, their standard of living and welfare will significantly drop too.

“More Nigerians will suffer from hunger, and lack of access to basic necessities and amenities, worse of it is health and medical needs.

“Overall, the implications of this on SMEs is that many more businesses will die off and become ailing, job losses will increase as many more businesses will lay off workers.

“There will be an increase in bad loans as more SMEs will be unable to fulfill their loan obligations leading to decreased access to funding from banks that will be more averse to lending to SMEs particularly with the increased interest rate, now coupled with inflation.

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“More insecurity will prevail in the land for many will look for alternative illegal ways of survival. More will migrate in the name of Japa.

“The extinction of more businesses will open doors for imported products to take their space which eventually will also stress the Naira exchange rate.”

In its CPI report NBS stated: “In March 2024, the headline inflation rate increased to 33.2 percent relative to the February 2024  headline inflation rate which was 31.7 percent .

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“On a YoY basis, the headline inflation rate was 11.16 percentage points higher compared to  the rate recorded in March 2023, which was 22.04 percent.

On food inflation the bureau said: “The food inflation rate in March 2024 was 40.01 percent on a year-on-year basis, which was 15.56 percentage points higher compared to the rate recorded in March 2023 (24.45 percent).

“The rise in Food inflation on a year-on-year basis was caused by increases in prices of the following items garri, millet, akpu uncooked fermented (which are under the bread and cereals class), yam tuber, water yam (under potatoes, yam, and other tubers class), dried fish sadine, mudfish dried (under Fish class), palm oil, vegetable oil (under Oil and Fat), beef feet, beef head, liver (under Meat class), coconut, water melon (under Fruit Class), Lipton tea, Bournvita, Milo (under coffee, tea and cocoa class).” (Vanguard)

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N20, N10, N5 rendered ‘irrelevant’ as inflation bites harder

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N20, N10, N5 rendered ‘irrelevant’ as inflation bites harder
Naira

Across major markets, prices of goods are moving away from the lower denomination of the Naira currencies as inflation bites harder.

Not too long ago, a sachet of pure water cost N5.

However, in the past couple of years, these notes have struggled to get items they could be attached to.

A market survey by DAILY POST showed that more than half of Nigeria’s legal tenders cannot make purchases.

Despite this, the Central Bank of Nigeria, CBN, recognizes the following denominations; 50 kobo, N1 and N2 which are coins, and N5, N10, N20 and N50 which are printed on polymer materials.

A sachet of pure water now sells for N30. Retailed sugar no longer sells for N10, while candies like Tom Tom are retailed at two pieces for N50. To further compound the woes of these notes, goods are now rounded up to 50 or 100, which further makes these currencies irrelevant.

In the past six months, the Naira has depreciated considerably. At one point, it was about N1,900 to a single dollar until the intervention by the CBN with the naira now trading at about N1050 to a dollar.

The implication of it is that N1000, which is Nigeria’s highest denomination, is less than a single dollar.

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Anyone with $1000 is a millionaire in naira based on the current exchange rate, and anyone with $1 has more than N1,000.

Despite the recent surge in the value of naira, prices of commodities have not shown any significant signs of climbing down.

Experts believe that Nigeria’s inflation is a product of many factors, with FX being one of the numerous factors.

SEE ALSO:  How Zik ended Biafra war, prevented plan to annihilate Igbo — Jim Nwobodo

But despite this, the Nigerian government is still printing some of the lower denomination currencies at a huge cost.

According to reports, in 2016, CBN had to temporarily halt the printing of N5, 10, N20 and N50 due to the cost of production.

The report said it costs N1000 to print each lower denomination because Nigeria Security Printing and Minting plc (NSPM) is unable to print on polymer.

Now experts are calling on the CBN to discontinue the printing of the lower denominations and review the currencies in line with realities.

Abiodun Ayangbemi, an economist, emphasised that the CBN must discontinue the printing of the lower denomination because the majority of those currencies have failed the basic principles of money— means of exchange and store of value.

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“The monetary authorities cannot continue to print those denominations when there is basically nothing to use them for,” he said.

Lekan Olaleye, a monetary policy expert, asked the federal government to take a copy of the re-denomination policy adopted by Ghana some years back.

He argued that the CBN should remove two zeros from the existing notes.

It would be recalled that Ghana had in 2007, re-denominated the Cedis by striking out four zeros from their currency and producing the new Ghana Cedis.

A former CBN Governor, Sanusi Lamido had in 2012 announced a plan to introduce N5000 notes. In the same vein, there was also a plan to coin the lower bank notes of N5, N10 and N20.

However, the policy was met with a strong outcry from the public, who condemned the plan. Thus, the government shelved the plan.

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Years after the botched plan, prices of goods and services have spiked beyond the 2012 level. (Daily Post)

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We’re not aware of Ganduje’s suspension – Kano APC Chairman

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Ganduje, wife, son to be arraigned before Kano court April 17
APC National Chairman and former Governor of Kano State, Abdullahi Ganduje

The Ganduje ward executives of the All Progressive Congress (APC) in Kano State, have denied the reported suspension of APC National Chairman, Dr Abdullahi-Umar Ganduje.

The ward executives made the denial while briefing journalist at the APC State Secretariat, on Monday in Kano.

According to the ward Chairman, Malam Ahmad Ganduje, those purported to have announced the suspension were not members of the party.

He said they were solemnly behind the APC national chairman and have confidence in his style of leadership.

The ward chairman added that they had passed a vote of confidence on Ganduje, and urged all party members in the ward and across the state to remain calm and law abiding.

In his remarks, the APC Chairman, Dawakin Tofa Local Government Area, Alhaji Inusa Dawanau, said the party will take legal action against those the “impersonators”, who announced Ganduje’s suspension.

The News Agency of Nigeria (NAN) reports that, Malam Haladu Gwanjo, who claimed to be the Legal Adviser of APC in Ganduje Ward, had earlier announced the purported suspension of party’s national chairman.
Gwanjo, who cited alleged corruption and other vices as reasons for the suspension, said that the decision was taken by nine executive members of party in Ganduje ward.(NAN)

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