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Prices of commodities, services will drop in coming days — Rabiu

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Chairman of the BUA Group, Alhaji AbdulSamad Isiaka Rabiu
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Chairman of BUA Group, Alhaji Abdul Samad Rabiu, has predicted that prices of commodities and services in the country will continue to drop in coming days, citing strengthening Naira.

Speaking to reporters in Lagos after paying Eid-el-Fitr homage to President Bola Tinubu, Rabiu also projected that the with the current trend in the foreign exchange market, the Naira should soon exchange at ₦1, 000 to $ 1.

The BUA founder, who commended President Tinubu and the Central Bank of Nigeria (CBN) for their efforts in stabilising the exchange rate, also lauded the collaborative efforts between the government  and the private sector in advancing economy recovery.

“The collaboration between the government and the private sector to hasten the economic recovery is doing very well.

“The biggest issue had always been foreign exchange; you know everything in Nigeria is in the debt of foreign exchange. At a time, it was almost N1900/$, but today, the rate is coming down to almost N1,200/$.

“We knew then that the high rate was due to many factors, including speculation and manipulation, and a lot of people were actually commercializing their dollar.

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“We knew that the reform was not going to be easy, it was frosty at the beginning, but now, it is much calmer and I expect that the exchange rate to be below N1000/$.

“We must commend His Excellency, President Tinubu, and the CBN on what they have done and achieved. If the exchange rate is down to where a lot of people can afford it, things will be better,” he stated.

Rabiu also anticipated a gradual decrease in commodity prices in the coming months, citing the recent reduction in diesel prices as an example.

“A lot of companies may have bought things and goods when the rate was higher, so it will take a bit of time before things fizzle out, so I expect that in a few months’ time, you will see that prices will definitely come down.

“For example, the price of diesel a few days back was N1700 per liter, but today, it’s about, N1,200 to a liter

“As a matter of fact, we bought diesel from Dangote Refinery on Monday below N1200/Liter for our transport and operations. We bought quite a lot and definitely, prices will continue to go down.

“I know that Dangote gave us a lower price because of our relationship but that goes to show that prices are coming down and I’m sure and confident that things will continue to come down so we need to be a bit more patient, things are taking shape. The Government has done very well,” he said.

The BUA founder commended the convergence of exchange rates in Nigeria as a significant achievement after decades of disparity, commending the government’s commitment to achieving this milestone.

“This is the first time in over 30 years that I have seen one exchange rate in Nigeria, so it’s really commendable and I believe that in a few months, we will see things going back to normal.

“We all need to come together and support the government and her policies. The government means well but we need to be patient.

“These reforms will take time, it is not easy and it is not something that can be done in one day, so we are working together, especially, now that Mr. President has established a Committee, comprising the government and the private sector, so we are supporting each other.

“We are always advising the government and the government is listening and this is very important. The fact that the government is listening means so much to the Private Sector,” he said. (The NATION)

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EBOLA: Tinubu approves ₦10bn for emergency, establishes task force

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President Bola Tinubu
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President Bola Tinubu has approved the establishment of a Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats and ordered the immediate release of N10 billion as emergency intervention funding.

The fund will strengthen the operational preparedness of the National Centre for Disease Control and Prevention (NCDC) and support critical national public health emergency response activities.

A statement by the presidential spokesman, Bayo Onanuga, explained that the Presidential Task Force on Ebola will be chaired by the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, with membership drawn from relevant Ministries, Departments, and Agencies (MDAs) and State representatives.

Ebola has recently resurfaced in the Democratic Republic of Congo (DRC) and Uganda, both neighbouring countries.

According to the statement, “The President’s approval followed a stakeholder meeting convened under the chairmanship of the Chief of Staff to review Nigeria’s preparedness and develop strategies against the possible importation of Ebola into Nigeria.”

Other critical stakeholders at the meeting included representatives from the Ministry of Interior, the Federal Airports Authority of Nigeria (FAAN), the Nigeria Immigration Service (NIS), the Nigerian Civil Aviation Authority (NCAA), the Lagos State Government, and others.

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President Tinubu also directed all States hosting international airports and international border corridors, as well as relevant MDAs, to submit their plans, funding requirements and intervention needs for consideration and coordinated implementation.

Additional measures to be put in place by the Task Force are: Intensification of passenger screening at all international airports, including enhanced temperature checks and crowd-control protocols; Enhanced monitoring of passengers arriving through high-risk airline routes including Air Uganda, Rwanda Air, Air Tanzania, Air Angola, Kenya Airways, and Ethiopian Airlines; and Immediate activation of referral and isolation centres at Lagos and Abuja international airports, with other airports to follow.

Others include: Mandatory activation of QR code-based pre-arrival health declaration systems for passengers originating from or transiting through designated high-risk countries, and disinfection of departure halls, cargoes, baggage areas, and airport facilities as precautionary environmental measures.

The President mandated that the advisory group consult with security, diplomatic, and aviation bodies with a view to regulating flights from affected and designated high-risk countries.

The Task Force is further directed to designate specific airports or terminals for high-risk flights to enable controlled screening and isolation procedures, and to consider adjusting flight timings to minimise interaction between high-risk passengers and others.

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Nigerian Army officer, six soldiers killed as suspected terrorists ambush patrol team in Kaduna

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A Nigerian Army officer and at least six soldiers were reportedly killed on Monday evening after troops came under a deadly ambush by suspected terrorists during a patrol operation in the Chikun Local Government Area of Kaduna State.

The attack occurred amid intensified military operations that have, in recent weeks, significantly degraded the operational capabilities of armed groups operating within the Kaduna-Zaria corridor and surrounding communities.

It was gathered from security sources that the troops had earlier embarked on a routine operational patrol following a series of successful clearance missions that led to the neutralisation of several terrorist kingpins and their foot soldiers in the area.

Sources disclosed that the soldiers were returning from the operation when they were ambushed by heavily armed attackers, triggering a fierce exchange of gunfire.

Although the troops reportedly fought back and inflicted casualties on the attackers, the ambush resulted in the loss of one officer and six soldiers.

The latest incident has come as a surprise to security observers, given the recent gains recorded by troops operating under the 1 Division Nigerian Army in the area.

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Over the past few weeks, security forces have sustained aggressive patrols, intelligence-driven raids, anti-kidnapping operations and clearance missions across communities along the Kaduna-Zaria Expressway and adjoining forests.

A security operative told PRNigeria that the operations led to the elimination of several bandit leaders, disruption of criminal hideouts, rescue of kidnapped victims, arrests of gunrunners and a noticeable reduction in attacks on commuters and residents.

Chikun is a large, densely populated, and rapidly urbanising local government area in central Kaduna State, Nigeria. Its headquarters are in Kujama, though much of its economic activity and development are closely linked to the expanding Kaduna metropolis. The area has remained a major hotspot for armed banditry and kidnappings, prompting sustained military operations led by Nigerian Army troops. As a result, Chikun continues to be one of the key focal points for national security deployments in the North‑West region.

The ambush underscores the continuing threat posed by armed groups despite recent military successes and highlights the determination of security forces to sustain pressure on criminal networks operating in the region.

As of the time of filing this report, military authorities had yet to issue an official statement on the incident.

However, sources indicated that reinforcement operations had been launched in the area, while efforts were ongoing to track down the attackers and prevent further security breaches.

The attack comes at a time when security agencies have intensified coordinated operations across Kaduna and neighbouring states to dismantle terrorist and bandit enclaves and restore lasting peace along major transportation routes.

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‘Service chiefs should honourably resign if they can’t fix insecurity’ – Reps

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President Bola Tinubu
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The House of Representatives has warned the service chiefs to step down honourably if the country’s deteriorating security situation persists and public confidence in the government’s efforts is not restored within a clearly defined period.

It also urged President Bola Tinubu to come up with a comprehensive and aggressive security strategy to flush out bandits, terrorists and kidnappers from their hideouts in Nigeria.

The call followed the adoption of a motion of urgent public importance moved by Rep. Ibe Osonwa, who represents the Arochukwu/Ohafia Federal Constituency of Abia, during plenary on Tuesday.

The motion is titled, “A Call for Immediate Executive Action on the Surge in Banditry, the Daily Abduction of Schoolchildren and the Perilous Security Situation in Nigerian Schools and Places of Worship.”

Osonwa, however, reiterated calls on the president by several other sources to restore safety across the country amid worsening insecurity.

He expressed concern over the escalating wave of kidnappings, banditry, terrorism and attacks on vulnerable communities nationwide.

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Osonwa reminded the federal government of its constitutional responsibility to protect citizens, citing Section 14(2)(b) of the 1999 Constitution (as amended).

The lawmaker explained that the section as cited provides that “the security and welfare of the people shall be the primary purpose of government.”

He lamented the growing trend of attacks on schools, noting that “the abduction of schoolchildren across several parts of the country has disrupted education and deepened Nigeria’s out-of-school children crisis.

According to him, thousands of children have been forced out of classrooms due to fear of attacks, while many families continue to grapple with the trauma of kidnappings.

Osonwa decried the systematic targeting of schools and places of worship by criminal elements, warning that institutions traditionally regarded as safe havens have increasingly become soft targets for bandits and kidnappers.

He said worshippers across the country now face the risk of attacks, abductions and killings while observing religious activities, which undermines citizens’ constitutional rights to freedom of thought, conscience and religion.

The lawmaker also painted a grim picture of the economic consequences of insecurity, stating that “many businesses have shut down, farming communities have been deserted and families plunged into poverty.”

Osonwa argued that the current security response appeared largely reactive and insufficient to stem the operations of criminal groups.

He warned that the apparent inability to decisively confront bandits and terrorists had created the impression that the government was losing control of parts of the country to criminal elements.

Following deliberations, the House condemned in “the strongest possible terms” the continued banditry, mass abductions and attacks on schools and churches across Nigeria.

The lawmakers resolved to transmit “an urgent and solemn appeal” to President Tinubu, as Commander-in-Chief of the Armed Forces, “reminding him of his oath to protect the lives and property of Nigerians”.

The House specifically demanded the immediate deployment of “an aggressive, unrelenting and comprehensive security strategy” to dismantle bandits’ strongholds, secure vulnerable schools and places of worship.

They also pledged to ensure the unconditional release of citizens held captive by criminal groups.

The House also mandated its Committees on Defence, National Security and Intelligence and the Army to intensify oversight of the implementation of the resolutions and report back within two weeks for further legislative action.

NAN reports that Nigeria has continued to battle multiple security challenges, including banditry, terrorism, kidnapping for ransom and communal violence, particularly in parts of the North-West, North-Central and North-East zones.

In recent years, mass abductions of students from schools in Kaduna, Niger, Zamfara and other states have drawn widespread national and international concerns.

This has prompted repeated calls for stronger security measures to protect educational institutions and vulnerable communities. (NAN)

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