
News
FG decries rising inflation, moves to stop trend
• Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed
…Oil theft, petrol subsidy frustrated 2022 budget performance – Minister
The Federal Government has decried the growing inflation in Nigeria, saying mechanisms have been activated to check the trend.
According to the Minister of Finance, Budget and National Planning, Zainab Ahmed, the President, Major General Muhammadu Buhari (retd.), has directed the National Food Security Council to brainstorm and make recommendations on the way forward.
Ahmed made this known at the House of Representatives in Abuja on Wednesday while appearing before the committee on finance to defend the budget proposed by the ministry in the 2023 Appropriation Bill.

Chairman of the committee, James Faleke, had asked about efforts being made by the government to arrest the rising inflation in the country, which he said had become a concern to many Nigerians.
Responding, the minister blamed it on various factors, saying, “On inflation, it is a very serious situation, where Nigeria’s inflation is now 23 per cent. The inflation in Nigeria has a number of components. One of them is imported inflation – occurrences in other countries also affect Nigeria. For example the war between Ukraine and Russia has an impact on Nigeria in the sense that some of the inputs for food production are affected.
“Also the decisions taken by the Central Banks in the USA and Europe on monetary tightening have also an impact on their own level of inflation; that also affects our country. But in Nigeria, we also have food inflation and because of the high cost of diesel, we find this showing up in food prices. So, when farmers produce their goods and they have to transport them to markets, the increasing cost of transportation is impacting on the food.
“What the Central Bank of Nigeria is doing is continuing to monitor inflation by tightening money and mopping up liquidity.”
Ahmed added, “On the side of the government, the President has authorised the National Food Security Council and we have held a meeting on how some support will be provided. The committee will be meeting again in the next couple of days to provide recommendations to Mr. President.”
The minister also said more scanners had been procured to be installed at ports and borders to discourage use of other countries’ ports. She also stated that all government independent revenues had been remitted to the Treasury Single Account.
She said, “On why our ports are not attractive, it is a very big problem. The ports’ congestion and the unfortunate reality is that a lot of importers prefer to go to our neighbours. On the measures we are taking as the Ministry of Finance, we have provided and bought some very large scanners. Our assessment is that it will help to fasten the clearing process and decongest the ports.
“The Nigeria Ports Authority, on their own, is trying to re-organise ports to attain better efficiency, including control of entry and exit to the ports.
“The rail line from Lagos to Abuja is also being extended so that containers, even before inspection, can be taken out of the Apapa ports to some other locations for inspections to be done. This will enable Nigeria to attract its own business.”
Speaking on the performance of the 2022 budget, Ahmed said N3.52tn was for debt service out of the estimated total of N17.32tn. She also said the level of borrowing was N1.26tn ahead of July 2022. She recalled that the government had a proposal of N6.1tn new borrowings – N3.5tn from domestic sources and N2.5tn from foreign sources.
The minister said as at August 2022, the government had borrowed N4.06tn from local sources, including from the Central Bank of Nigeria.
Ahmed stated that crude oil theft and subsidy payment on Premium Motor Spirit (petrol) by the Nigerian National Petroleum Company Limited were factors responsible for the overall poor performance of the 2023 budget.
She, however, noted that the government was mindful of the development and was working on safety nets to cushion the effects on the economy.
Ahmed said, “Crude oil production challenges and PMS subsidy deductions by NNPC constitute a significant threat to the achievement of our revenue growth targets, as seen in the 2022 performance up to August. Revenue generation remains the major fiscal constraint of the federation. The systemic resource mobilization problem has been compounded by recent economic recessions.
“Efforts have been mainly focused on improving tax administration and collection efficiency. These efforts are bearing fruits with non-oil taxes mostly performing above target for the period.
News
Peter Obi to Umahi: Become presidential candidate before challenging me to debate
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has dismissed Works Minister Dave Umahi’s invitation to a public debate, saying the minister must first become a presidential candidate before challenging him.
Obi made the remark during an interview with media entrepreneur Chude Jideonwo while responding to questions about Umahi’s call for a debate following his criticism of the condition of some federal roads.
The former Anambra State governor argued that the issue had already been resolved, noting that his criticism of a deteriorating road had prompted the government to begin repairs.
“First of all, I already started the debate by standing on that road and saying the road was bad. The only reply should have been that the road was good. But I thank him because he is now repairing the road, so the debate is closed. There is nothing else to debate.”
Obi maintained that if Umahi intended to challenge him in his capacity as a presidential candidate, the minister would first have to qualify for that position.

“If he is inviting me to a debate as a presidential candidate, then he has to become a presidential candidate first.”
Explaining his position, Obi likened the situation to a football team that failed to qualify for the FIFA World Cup attempting to challenge one that had already earned its place in the tournament.
“The World Cup is going on now. You cannot stay outside and invite a team that qualified for the World Cup to come and play against you simply because you think you are good. No. There is a qualification process.”
He added that presidential debates are traditionally reserved for candidates seeking the nation’s highest office, insisting that such engagements should be between presidential contenders rather than ministers or other public office holders.
“I am a presidential candidate. Around the world, not all presidential candidates participate in debates. It is usually the leading candidates. It is like someone in Division One asking a Premier League team to play a match. No. You compete within your own level. When he becomes a presidential candidate, then he can debate with those who are in that category,” he added.
Umahi had earlier dismissed Obi’s criticism of the Tinubu administration and challenged him to a debate on the Federal Government’s performance, insisting that President Bola Tinubu’s infrastructure projects and appointments had transformed the South-East.
News
Peter Obi slams arrest of Prof Aghaji, urges authorities to uphold Rule of Law
Former Labour Party presidential candidate, Peter Obi, has criticised the arrest and detention of Professor Martin Aghaji, describing the incident as troubling and a sign of what he called a growing disregard for citizens’ rights and human dignity in the country.
Obi reacted on Saturday after reports emerged that operatives of the Department of State Services (DSS) had arrested the renowned cardiothoracic surgeon before later releasing him and reportedly apologising for the action.
Professor Aghaji, a respected medical expert and former university administrator, is said to be one of the doctors linked to detained Indigenous People of Biafra (IPOB) leader, Nnamdi Kanu.
In a statement shared on his X account, Obi expressed concern over the circumstances surrounding the professor’s arrest.
He alleged that security operatives arrived at Aghaji’s residence in Enugu in the early hours of the morning and took him away without prior invitation or notification.

According to Obi, the 74-year-old surgeon was arrested in the presence of his daughter, who was visiting him at the time.
He argued that such an operation should have been handled in a more professional manner, especially considering the status and reputation of the medical practitioner.
The former Anambra State governor described Aghaji as a globally recognised surgeon, accomplished academic and respected elder statesman who has spent decades contributing to the development of Nigeria’s healthcare sector.
Obi further claimed that after being taken from Enugu to Lagos, the professor was held for about three days before regaining his freedom. He said the authorities later apologised to him, allegedly admitting that his arrest was a mistake.
The former presidential candidate said the development raises concerns about the conduct of security agencies and the treatment of citizens, particularly professionals who have dedicated their lives to serving the country.
He warned that incidents of this nature could discourage skilled Nigerians from remaining in the country and contribute further to the migration of professionals abroad.
Obi noted that Nigeria is already facing serious challenges in the health sector due to the increasing departure of doctors and other healthcare workers. According to him, actions that appear to humiliate respected professionals only worsen the situation.
“The practice of treating highly regarded, ethical professionals – and indeed any Nigerian – like common criminals sets a dangerous precedent that undermines the rule of law across all sectors. Therefore, we must conduct ourselves with civility in the discharge of our public duties. A superior and renewed Nigeria is indeed Possible,” Obi said.
He stressed that all Nigerians, regardless of their profession, status or political affiliation, deserve to be treated in accordance with the law and with respect for their fundamental rights.
News
Benin Catholic Archbishop Akubeze dies at 69
The Catholic Archdiocese of Benin City has announced the death of its Archbishop, Most Rev. Augustine Akubeze.
Akubeze died on Thursday at the age of 69, according to a statement issued by the Chancellor of the Archdiocese, Rev. Fr. Michael Oyanoafoh, on behalf of the Consultors of the diocese.
The statement described the late archbishop as a humble and committed servant of God who touched many lives through his ministry.
It read, “On behalf of the Consultors of the Catholic Archdiocese of Benin City, we announce, with profound sorrow, yet with a firm hope in the resurrection, the passing of our dearly beloved father and Archbishop, Most Rev. Augustine Obiora Akubeze, Archbishop of the Catholic Archdiocese of Benin City, who was called home to the Lord on Thursday, July 9, 2026.
“Archbishop Augustine Obiora Akubeze lived a very simple and humble life in faith and obedience to the will of God. He impacted the lives of so many people. He was a complete gentleman and a father to us all.”

The Catholic Secretariat of Nigeria also confirmed his death in a statement signed by its Secretary-General, Rev. Fr. Michael Banjo.
The secretariat described Akubeze as a “unique shepherd” whose leadership combined spiritual growth with the development of the church and the welfare of its members.
The statement read, “Archbishop Akubeze was a unique shepherd who understood that the true development of the church embraces both spiritual renewal and the holistic growth of God’s people.
“Under his care, the Archdiocese of Benin City has witnessed significant developmental strides. He was deeply committed to the welfare of his priests with the conviction that the future of the church depended on well-formed shepherds.”
The Catholic Secretariat also recalled his contributions as a former President of the Catholic Bishops’ Conference of Nigeria, describing him as a defender of the church’s teachings.
“As an erstwhile President of the Bishops’ Conference of Nigeria, he firmly stood as a pillar of orthodox truth. His voice did not tickle ears but fed souls, bringing to light his episcopal motto: ‘Ut Testimonium perhibeam veritati’ (That I may bear witness to the Truth),” the statement added.
The secretariat praised his leadership style, noting that he demonstrated humility and service throughout his episcopal ministry.
“His patient listening and selfless generosity embodied a compassionate shepherd who knew the smell of his flock.
“He demonstrated always by his gentleness and quiet disposition that genuine authority in the church is not measured by power but by service,” it stated.
Born in 1956, Akubeze was ordained a Catholic priest on October 3, 1987.
He was appointed the pioneer Bishop of Uromi Diocese on December 14, 2005, and consecrated on February 25, 2006.
-
News1 day agoBREAKING: Kidnapped Oyo pupils, teachers regain freedom
-
News2 days agoUS releases identities and photos of 124 Nigerians set for deportation
-
News3 days agoCourt awards N10m in damages against EFCC for defaming ex-Minister
-
News1 day agoOyo Abduction: Eight kidnappers arrested, others killed — Presidency
-
News2 days agoFG raises Soldiers’ Minimum Salary from N49,000 to N100,000 per month — Defence Minister Musa
-
News3 days agoPresidency dismisses Peter Obi’s safety concerns as false
-
News2 days ago2027: ‘Peter Obi must not die’ — Igbo Group warns of catastrophic consequences
-
News3 days agoAtiku rejects ICPC probe of PFIPC, demands independent panel with ADC, PDP, NDC included




