Connect with us

Top Stories

FG Links Rise In Food Inflation To Border Closure

Published

on

The recent border closure drill has been attributed to the rise in headline inflation which is currently at 11.61 per cent as of October 2019.

Mrs. Zainab Ahmed, who is the Minister of Finance, Budget and National Planning, briefed Journalists on Wednesday after the Federal Executive Council (FEC) meeting in Abuja, adding that recent figures from the Nigeria Bureau of Statistics (NBS) were noticed since September.

The Minister informed that the increase in food inflation witnessed in September and October is linked to the increase in prices of food, propelled by the border closure.

“Headline inflation declined for several months before we noticed an uptake in the last two months and now headline inflation is at 11.61 percent as at the end of October.

“The slight increase between September and October is due to increases in food inflation ascribed to increase in prices of cereals, rice, and fish.

“Part of the reason is the border closure; the closure is very short and temporary and the increase is just by 2 basis points,” she explained.

Mrs. Ahmed pointed out that discussions with neighbouring countries on the border closure have advanced and the Federal Government is expecting every party to respect the protocols they are all committed to.

She stressed that the government is making sure that the economy does not suffer once the African Continental Free Trade Area Agreement (AfCFTA) comes into effect.

“The border closure is temporary; we have really advanced on the discussion between ourselves and our neighbours and we expect that the outcomes of those discussions and agreement are that each party will respect the protocols that we all committed to and then the borders will be open again.

“What we are doing is important for our economy as we signed on to the AfCFTA, we have to make sure that we put in place, checks to make sure that our economy is not overrun as a result of the coming into effect of the AfCFTA and that’s why we have this border closure to return to the discipline of respecting the protocols that we are all committed to.”

Comments

Politics

‎2027: APC Oyo South ratifies Oseni’s senatorial bid

Published

on

Leaders and stakeholders of the All Progressives Congress (APC) in Oyo South Senatorial District have endorsed a member of the House of Representatives, Aderemi Oseni, as their consensus candidate for the 2027 senatorial election.

The endorsement was announced on Wednesday at a stakeholders’ meeting held at Alice Hall, Ibadan, with party leaders, stakeholders, local government chairmen and state executive members from the nine local government areas in attendance.

The councils represented at the meeting are Ibadan North, Ibadan North-East, Ibadan North-West, Ibadan South-East, Ibadan South-West, Ibarapa Central, Ibarapa East, Ibarapa North and Ido.

‎The stakeholders expressed satisfaction with Oseni’s aspiration, describing it as timely, credible and anchored on tested leadership and grassroots appeal.

‎Those present at the meeting included Chief Timothy Jolaoso (Ibarapa East); Alhaji Kamorudeen Ajisafe (Ido); Chief Abdulrauf Bello (Ido); Alhaji Muili Oluokun (Ibadan North-West); Alhaji Mufutau Adisa (Ibadan South-East); Alhaji Bello Oladeji (Ibadan North); Prince Gbade Lana (Ibadan North-East); Engr. Olatunji (Ibadan South-West); Comrade Wale Gbadamosi (Ibarapa North); and Alhaja Moji Adetona (Ibarapa Central).

‎Other party officials in attendance were the senatorial chairman, Alhaji Mojeed Adebayo; the secretary, Fatai Adesina; Welfare Officer, Sunday Babalola; Deputy Women Leader, Alhaja Fatimah Hassan; Auditor, Alhaja Tinu Adigun; Youth Leader, Lekan Adebayo; Ex-Officio member, Kola Amoo; Treasurer, Lateef Ajiboye; and Senatorial Youth Leader, Olalekan Olowe.

A chieftain of the party in Ibadan North Local Government, Hon.  Shina Alabi, moved the motion for the lawmaker’s  endorsement, which was seconded and unanimously adopted by the stakeholders.

Alabi said Oseni’s decision to abide by President Bola Tinubu’s directive to step down his governorship ambition for the senatorial race underscored his loyalty and commitment to party unity.

‎He said, “Hon. Oseni has demonstrated uncommon commitment to the welfare of the people. His leadership style is inclusive, responsive and development-driven. We are convinced that his emergence as the APC candidate for Oyo South Senatorial District will strengthen the party’s chances and guarantee effective representation.”

‎He also urged party members to remain united and rally behind credible aspirants with proven capacity and electoral value.

‎In his remarks, Hon. Aderemi Oseni said his decision to pursue the senatorial seat followed the presidential directives, noting that he accepted the decision in the interest of party cohesion, progress and stability. He recalled that he had earlier prepared for the Oyo South senatorial race in the 2023 general elections, having already purchased the nomination and expression of interest forms as part of an arrangement reached, before stepping down following appeals by party leaders.

The lawmaker, who chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), said the party must close ranks to reclaim political dominance in the senatorial district.

‎According to him, “There is a huge task ahead, especially with several House of Representatives seats in the district currently held by the opposition. We must work together, mobilise effectively and secure victory for our  party and leader, President Bola Tinubu”.

‎Oseni thanked party leaders and stakeholders for the confidence reposed in him and assured them of his commitment to advancing the interests of Oyo South Senatorial District.

The meeting also had representatives from all nine local government areas, with about 10 leaders from each council in attendance.

Continue Reading

Politics

APC Secretariat Violence: Oyo Lawmaker Denies Assault, Alleges Smear Campaign

Published

on

The lawmaker representing Akinyele/Lagelu Federal Constituency of Oyo State, Olafisoye Akinmoyede, has denied allegations of violence at the All Progressives Congress (APC) state secretariat, describing claims that he assaulted a party member as false and politically motivated.

An online platform, IMPARTNEWSNETWORK, had alleged that Akinmoyede assaulted one Gafar Oyebade during a meeting convened by the state chairman of the party, Alake Adeyemo, to resolve issues surrounding the executive list of the APC in Lagelu Local Government Area.

However, Akinmoyede, in a statement on Tuesday, said the meeting was peaceful and attended by key members of the state executive, including the chairman, deputy chairman, and secretary, who witnessed the proceedings.

He clarified that contrary to Oyebade’s claim of being the party secretary, the official list presented by the state leadership recognised him as the Public Relations Officer.

According to the lawmaker, following the clarification, the state executive directed the Lagelu Local Government chairman, Fatai Awoyoola, to proceed with the swearing-in of other party officials.

Akinmoyede also faulted attempts to link the incident with the 2019 killing of a former federal lawmaker, noting that a court of competent jurisdiction had already ruled on the matter.

He said, “In Suit No. I/70c/2019, delivered by Justice Mufutau Adegbola on January 23, 2020, all those accused were discharged and acquitted.”

The lawmaker expressed concern over what he described as a deliberate attempt to mislead the public, alleging that Oyebade, a public school teacher under the Oyo State Government, should not be involved in partisan politics.

He described the allegation as a “recycled script” aimed at tarnishing his image ahead of political activities, urging constituents to remain calm.

Akinmoyede also called on journalists to verify information before publication and urged security agencies to take action against individuals who file false reports.

“These tactics surface every election cycle. Those behind them should learn to accept the outcomes of political processes. They failed before and will fail again. Power comes from God,” he added.

Continue Reading

Politics

Oyo Reps Member Denies Assault, Dares APC Chieftain to Prove ‘Hospitalisation’ Claim

Published

on

‎The lawmaker representing Akinyele/Lagelu Federal Constituency in the House of Representatives, Hon. Olafisoye Akinmoyede, has denied allegations of assault levelled against him by a member of the All Progressives Congress (APC) in Lagelu Local Government Area, Mr. Gafar Oyebade.

Akinmoyede described the allegation as “false” and “a lie taken too far,” insisting that no physical altercation occurred.

The denial was contained in a statement issued on Monday by his Legislative Aide, Dr. Isiaq Akintunde.

Oyebade had alleged that he was hospitalised following a confrontation during a meeting held at the office of the state party chairman in Oke-Ado, Ibadan, convened to resolve a leadership dispute in the local government.

‎But the federal lawmaker maintained that the meeting was peaceful and attended by top party officials.

‎“The meeting was convened to clarify Mr. Oyebade’s position within the local executive, and it was attended by the State Party Chairman, his deputy, the secretary, the publicity secretary, and other key state executives, all of whom witnessed the peaceful proceedings,” the statement read.

‎He added that contrary to Oyebade’s claim of being the party secretary, the official list presented by the Lagelu Local Government Party Chairman, Hon. Fatai Awoyoola, identified him as the Public Relations Officer.

‎According to Akinmoyede, the state executive thereafter directed Awoyoola to proceed with the swearing-in of the remaining members of the local government executive.

‎The lawmaker accused Oyebade of fabricating the allegation to advance political interests.

‎“I wonder why Mr. Gafar Oyebade, a secondary school teacher, would claim he was assaulted in the presence of the State Executive. This is an attempt to justify money allegedly collected from an aspirant to tarnish my image,” he said.

‎Akinmoyede further claimed that Oyebade was seen walking freely after the meeting and was not hospitalised as alleged.

‎He also raised concerns over Oyebade’s involvement in partisan politics, noting that civil servants are restricted from active participation in political activities.

The lawmaker called on security agencies and the media to investigate the incident at the party’s Oke-Ado office to ascertain the veracity of the claims.

‎Efforts to reach Oyebade for comments were unsuccessful as of the time of filing this report.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending