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UK increases support to rebuild north east Nigeria as famine looms after Boko Haram destruction

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Foreign Secretary, Boris Johnson and International Development Secretary, Priti Patel have visited Nigeria to see how the UK is leading the international response to the humanitarian crisis in the north east of the country, helping to avert famine and build stability and security after the destruction caused by militant Islamist group Boko Haram.

On their first joint visit, showing how the UK’s response includes both security and humanitarian efforts, they both saw and heard how British military have been providing training to Nigerian soldiers fighting Boko Haram on the front line, and Priti Patel announced a new package of humanitarian support that is saving and changing lives.

Parts of north east Nigeria, including ‎the outskirts of Maiduguri – a city that the Secretaries of State visited – have been decimated by attacks from Boko Haram.

The militant group have killed over 20,000 people, displaced 1.7 million and left 8.5 million in desperate need of urgent support, in some cases on the brink of famine.

Ongoing attacks continue to destroy communities, with recent reports of children being forced to carry suicide bombs.

The UK’s increased support will extend DFID’s humanitarian programme in Nigeria over five years (2017-2022) to deliver:

lifesaving food for more than 1.5 million people on the brink of famine;treatment for up to 120,000 children at risk of dying from severe acute malnutrition;ongoing support to help keep 100,000 girls and boys in school to get a decent education, providing a brighter future for the next generation;safe humanitarian access to transport brave aid workers and deliver aid to the hardest to reach areas, for example using helicopters where roads are blocked or dangerous to use.

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The UK has so far trained over 28,500 Nigerian military personnel, of whom a significant number have been deployed on counter-insurgency operations in north east Nigeria.

This includes counter-terrorism cooperation, providing training on response to terrorist attacks, bomb scene management, and improving aviation security.

By tackling the threat posed by terrorism across Africa, the UK government is not only helping ensure long-term security in the area, so that people who have lost everything are kept safe and can rebuild their lives, but also protecting the British public.

International Development Secretary Priti Patel said:

It is catastrophic that at least 20,000 people have been murdered by Boko Haram’s terrorist regime, and over five million people have been left hungry and many homeless. Babies’ bodies are shutting down and mothers who have lost everything are fighting to keep their children alive.

Global Britain is a country that stands tall in the world and the UK will not turn its back on people living in danger and desperation.

We are leading the way on the international stage through our world-class development, defence and diplomacy, providing a lifeline to over 1.5 million people on the brink of famine, tackling Boko Haram and pushing for global aid reform to deliver help more effectively.

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Terrorism knows no borders and the Nigerian Government must now follow our lead to stop innocent people dying and securing the area so that these people can rebuild their lives in safety – reducing the threat of radicalisation and migration for the UK at home.

Foreign Secretary Boris Johnson said:

Boko Haram has generated suffering, instability and poverty on a huge scale, with profound knock on effects far from Nigeria’s borders, and I am proud of Britain’s commitment to supporting the Nigerian people in tackling terror.

In Maiduguri I met casualties of Boko Haram violence, including bomb and gunshot victims, and saw for myself the displacement of people that brutality and poverty have created.

Our military, diplomatic and development assistance is making a big difference. The British military has to date trained 28,000 Nigerian troops, equipping them with skills to turn the tide against Boko Haram, while our humanitarian aid is alleviating widespread suffering. This is about helping a Commonwealth partner in its time of need as well as addressing the root causes of international challenges such as migration.

The new package of emergency relief announced today also includes the restoration of key infrastructure and services in north east Nigeria.

This includes giving children living in conflict zones an education, improving access to health care, helping smallholder farmers to restore their livelihoods and produce food to generate higher incomes, and introducing innovative solar energy to power schools and health centres.

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This longer term restoration work combined with our military support will enable the poorest and most vulnerable people to stand on their own two feet and rebuild their lives in safety.

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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