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Are we still in recession?

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By Fredrick Nwabufo

When economic syrups do not improve the health of a diseased economy, the medicine can be best described as fake, substandard, and voodoo-ish.

Nigeria ‘exited’ recession in September 2017. At the time, the government made exorbitant promises, and bragged that it “rescued” the economy from the buccaneer manifestations of the Jonathan administration. I remember, Lai Mohammed, minister of information, made this a refrain at every official event.

But months after the ‘exit’, the economy has not improved. And there are no pointers to marginal economic recovery.

I will not buy that economic bullshit that ‘there are significant improvements, but that they will become visible in another one or two years’, because the government has sustained this lie for three years.

How has the economy improved?

A dollar is still 360 naira; a depressing hike from the N167 under President Jonathan. Unemployment figure is at its highest. In its last published data on unemployment figure, the National Bureau Statistics (NBS) revealed that about 40 million Nigerians were unemployed. In June, the World Poverty Clock ranked Nigeria as the country with the highest number of poor people in the world. And every minute, six Nigerians are plunged into the stratum of the poorest of the poor.

On Monday, the NBS revealed that inflation figure was rising. The prices of food stuff are reaching an abominable height.

Data published by the bureau showed that month-on-month inflation rose from 1.09 percentage points in May to 1.24 percentage points in June

“Inflation (12.98% from13.45%); Core (10.4% from 10.7%), headline month-on-month inflation, rose 1.24% in June from 1.09% in May,” the report read.

So, what has really improved?

As a matter of fact, I was richer in 2014 than now. If my monthly earnings were N600,000, the exchange value was higher then, than now. I could do international online courses without having to bleed under lacerating costs. But I cannot do that now.

The bottom-line is that I have become poor under Buhari.

However, what is disturbing is that the government has no clue of how to remedy the parlous situation. What is even more disturbing is that the government is comfortable with its idea-apoplexy; hence cannot acknowledge the magnitude of the problem. Instead, it is raking up debts upon debts at a prodigious level.

This article is a two-minute read, as you finish reading it; know that 12 Nigerians have been sectioned into the club of the poorest of the poor. And more people will be dragged in.

There is ferocious hunger in the land, and insecurity will heighten for as long as the army of the poor gets more recruits.

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FG Pledges Enhanced Security for Southeast Region

… Adequate security is vital for business prosperity – Badaru

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Honourable Minister of Defence, H.E. Mohammed Badaru Abubakar
Honourable Minister of Defence, H.E. Mohammed Badaru Abubakar meets with the Miliary and Governor Uzodimma in Imo State

The Honourable Minister of Defence, H.E. Mohammed Badaru Abubakar, has assured the people of the South-East of enhanced security measures, emphasizing that a secure environment is crucial for business growth and prosperity.

During his operational visit to  Enugu in the South-East, the Minister addressed officers and personnel of the 82 Division/Joint task force south  East Operation Udo ka  under the General officer commanding, Major-General H.T Dada .He appreciated their performance  while urging them to intensify their efforts in combating insecurity in the region. He also engaged with key stakeholders, including heads of security agencies, traditional rulers, students, and other community leaders, to discuss collaborative strategies for addressing the current security challenges. Other military platforms visited by the Minister included the Nigerian Airforce base Emene,  Enugu.

“President Tinubu has directed me to engage with you all to find sustainable solutions to insecurity. Without security, there can be no peace or development,” Badaru stated. He acknowledged the entrepreneurial spirit of the South-East populace, asserting that security and peace are essential for businesses to thrive. “We seek your candid suggestions and information on how we can practically enhance security and foster lasting peace in this region,” he added.

The Minister reaffirmed President Bola Tinubu’s commitment to eradicating all forms of insecurity in the South-East . He elucidated on the progress made by the Tinubu administration over the past year in combating insecurity across the nation, particularly in these region.

“There is a renewed determination to intensify our efforts against all forms of insecurity under President Tinubu’s leadership,” he declared.

In his remarks, Major General Hassan Dada, General Officer Commanding (GOC) 82 Division/ JointTask south East Operation Udo ka, announced that the Army is implementing robust strategies to ensure a safe and secure environment for the upcoming festive season. “Through the Joint Security Task Force in the South-East, code-named ‘Operation UDO KA’, we aim to create a secure atmosphere that facilitates the usual mass return for Christmas,” he stated.

Additionally, retired Major General John Nwoga emphasized the role of social media in exacerbating insecurity, noting that the circulation of old videos depicting criminal activities contributes to fear and panic within communities. “It is imperative for our people to collectively address the negative impact of misleading information and fake news proliferated through social media,” Nwoga urged.

Furthermore,  the Minister visited  Imo State in continuation of his operational tour of southEast  on Friday 22nd November 2024. He addressed the troops at the FOB  okigwe,  211 Quick Response Group,  Nigerian Airforce owerri and Naval Base Oguta in Imo State. He expressed President Bola Ahmed Tinubu GCFR message to them and that they should improve on their successes.

The Honourable Minister also paid a courtesy visit to Governor Hope Uzodimma of imo state to extend his gratitude  to the Governor for all his support to the 82 Division of the  Nigerian Army/ Joint Task force south East,  Operation udo ka. “All the officers and men appreciates you.”

The Ministry of Defence remains committed to fostering a secure and peaceful environment conducive to business and community development in the South-East. We are determined to end insecurity in Nigeria.

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Rented Crowed, APC AKIDA Leader with Zamfara State Govt. Buses Embark on Campaign of Calumny at DSS Office

Godiya Hamza, a Media Analyst, writes from Abuja

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APC AKIDA

The orchestrated campaign of calumny against the Honourable Minister of State for Defence H.E Dr Bello Muhammad Matawalle MON by a group of street orchins recruited by the leader of APC AKIDA Tijjani Ramallan is very  preposterous and indecent.

This is politics too far, Ramadan has been attacking President Bola Ahmed Tinubu GCFR right from campaign days. He never supported or participated in APC activities, he has been jealous of Matawalle loyalty to our President.

Tijjani Ramallan has been sponsoring Banditry and romancing with criminals.

The leader of the APC AKIDA  Tijjani Ramallan is being sponsored by the state government to attack the person of Dr Matawalle. It is expected that by now the DSS should have arrested him . He has found himself as a willing tool to be manipulated by Governor Dauda Lawal in attacking Dr Matawalle.

The earlier smear campaign embarked by zamfara state government which was stopped by a court order has forced them to shift to the use of APC AKIDA to carry out their mischief.

What zamfara people need is good governance and not wasting the state resources in trying to pull Matawalle down.

Pull him down syndrome pays no body.

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World’s First Surviving Nonuplets Visits Italy To Appear On A TV Show

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In December 2022, aged one and a half years old, the world’s first surviving nonuplets went on their first plane flight.
They travelled from Morocco, where they were born and lived for 19 months, to their parents’ home country of Mali.

And now, two months shy of their third birthday, the nonuplets have made their first trip to Europe, visiting Italy to appear on our televised talent show Lo Show dei Record!

We bet it feels so beautiful to see them all grow and wish them the very best 🥳

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