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Nigerians languish in poverty as inflation rises unfettered under Tinubu

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Nigeria is grappling with persistent and soaring inflation rates, causing distress among its citizens. President Bola Ahmed Tinubu’s six-month reign has been marked by hardships, Naira depreciation, and escalating insecurity, pushing the nation to a critical point.

In December, the inflation rate reached 28.92%, the highest in 27 years, up from 28.20% in November, as reported by the National Bureau of Statistics. Food inflation, a significant component of the inflation basket, rose to 33.93% in December.

The consequences are evident in the escalating cost of living for Nigerians, leading to a decline in purchasing power. President Tinubu, despite urging patience, faces mounting skepticism from the populace as prices for essential goods like rice, beans, groundnut oil, bread, and eggs have surged significantly.

The World Bank reported that accelerated inflation in the first five months of 2023 pushed 24 million Nigerians into poverty. The country’s economic challenges are exacerbated by a total debt stock of N87.91 trillion ($114.35 billion) in September 2023.

President Tinubu’s policies, including fuel subsidy removal and Naira devaluation, have yet to provide relief for the majority of Nigerians. However, these policies have generated increased revenue for the government, with the federation account witnessing substantial growth in the latter half of 2023.

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Economists and experts highlight the complexity of Nigeria’s inflation, attributing it to cost-push factors like the depreciated Naira and rising production costs. They emphasize the need for intentional policies addressing production costs, fuel prices, and subsidies on farm inputs to mitigate the inflationary challenges.

In response to the rising inflation, suggestions include government intervention through price controls on essential goods, enhancing productivity and efficiency, addressing inflation and currency devaluation, promoting competition, investing in agriculture, expanding social safety nets, improving infrastructure, and increasing access to credit.

Despite the challenges, some foresee potential relief in the second half of 2024 through emergency policies on agriculture, initiatives to overcome the scarcity of the US dollar, and the anticipated impact of Dangote and Port Harcourt refineries on strengthening the Naira. However, successful implementation of these measures remains crucial for a meaningful impact on inflation.

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Kaduna: Newly recruited nurses lament over unpaid 8 months salaries

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More than 200 healthcare workers employed by the Kaduna State Government in June of the previous year have expressed their distress over not receiving salaries for eight consecutive months.

Recall that in 2023, the state government hired over 200 nurses at grade level seven, assigning them to various general hospitals across the state. However, according to the nurses, they have worked for eight months without any payment.

They received payment for only three months: February, March, and April. However, they note that the amounts they were paid during this period were less than what was stipulated in their appointment letters.

One nurse, preferring anonymity, expressed, “We have not received our eight months’ salary arrears for the work we’ve done since we began in June 2023. Our salary payments only commenced from February 2024.” They highlighted the challenges faced by single mothers and divorcees among them, who struggle to support themselves and their children.

Appealing to Governor Uba Sani, they urged intervention to ensure prompt payment of their outstanding arrears. They highlighted the financial strain faced by those stationed in rural areas, who have to cover expenses such as rent, food, and transportation.

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Another affected midwife, also speaking anonymously, shared her struggles commuting to work in Kakuri, stating that nearly all her salary goes towards transportation costs, and the workload is overwhelming. She emphasized the need for both the arrears to be settled and an increase in their salaries due to the heavy financial burdens they bear.

Ishaku Yakubu, the Chairman of the National Association of Nurses and Midwives, Kaduna Chapter, confirmed the issue of unpaid salary arrears, mentioning efforts to address the matter with relevant authorities.

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Nigerian troops kill IPOB, ESN bomb expert

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Nigerian Army troops, along with various security agencies, have reportedly eliminated an individual skilled in crafting Improvised Explosive Devices (IEDs), purportedly affiliated with the Indigenous People of Biafra (IPOB) and its security arm, the Eastern Security Network (ESN), in Orsu, Ihitteukwa, located within Orsu Local Government Area of Imo State.

According to a Facebook post from the Nigerian Army Headquarters, the operation took place on Thursday. Troops, comprising personnel from the Nigerian army, Navy, Air Force, Nigerian Police, Department of State Services (DSS), and other security agencies, were conducting a clearance operation in Udaah, Identa Ihitteukwa, and Awo Idemili areas of Orsu Local Government Area when they encountered the assailants.

Reportedly, the criminal elements engaged the advancing troops by firing shots, throwing handheld IEDs, and launching locally made rockets (known as Ogbunigwe). During the operation, as the troops advanced, several IEDs were detonated by the terrorists who subsequently fled. One of the dissidents was neutralized while attempting to connect the explosive to its power source.

Recovered items include locally made rocket launchers, defused IEDs, pipes, wires, and other materials utilized in the production of explosives and locally made rocket launchers. Additionally, troops covered numerous ditches used as obstacles on roads connecting the communities by ESN elements.

The statement emphasized the Nigerian Army’s commitment to conducting operations aimed at deterring irredentist activities and ensuring the security of the region.

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Nigerian workers release breakdown of proposed N615,000 minimum wage

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Organized labor, represented by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), has provided details of its suggested N615,000 minimum wage. These specifics were communicated in a statement issued by the NLC on Friday. As per the statement, a significant portion of the proposed minimum wage is allocated to food and transportation.

The breakdown indicates that N270,000 is earmarked for food for thirty days, with N110,000 allocated for transportation. Additionally, allocations are made for electricity/power (N20,000), accommodation (N40,000), utility water (N10,000), kerosene/gas (N35,000), clothing (N20,000), education (N50,000), sanitation (N10,000), and medical expenses (N50,000), totaling N615,000.

Earlier, both Festus Osifo, President of TUC, and Joe Ajaero, President of NLC, had disclosed the proposal for the N615,000 minimum wage in separate statements. Meanwhile, President Bola Tinubu conveyed in his May Day message to workers that an increase in the minimum wage is on the horizon.

This development arises as Nigerian workers contend with the high cost of living driven by escalating inflation, which reached 33.20 per cent in March 2024.

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