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‘Our enemies are kidnappers, bandits, armed robbers, not Hausa-Fulani’, says Makinde

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Oyo state governor, Mr. Seyi Makinde has reiterated that his administration is determined to bring insecurity to its knees in the state by dealing decisively with troublemakers.

Governor Makinde, who made the declaration in a state-wide broadcast to residents of the state, aired on the Broadcasting Corporation of Oyo State (BCOS), on Wednesday urged residents to come together and put the interest of Oyo State first in the fight against  insecurity.

He averred that the collective efforts of all residents of the state is the only way to continue to keep the peace and sustain the secure environment, which he said, has contributed to the growth of the state’s economy in the past.

The governor added that his administration is taking all necessary steps to protect the people from harassment, thuggery, cultism and banditry, noting that the state “has the situation under control.”

Governor Makinde promised to deal with anyone disrupting the peace of the state.

This is coming a few days after a police report indicated that the rate of armed robbery incidents in the state reduced by more than 32 per cent in 2020,  compared to the previous year 2019.

The state government has also expressed its determination to stamp out brigandage, kidnapping and other violent crimes.

Makinde emphasized that the state has a common enemy in hoodlums, bandits and kidnappers, who, he said, have been fomenting troubles in the state.

He noted that the enemies of Oyo State are neither the Hausa-Fulani pastoralists, who are looking for pasture for their flock nor the farmers, who are seeking to produce food for human consumption.

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He warned individuals going about issuing ultimatum to Fulani residents of the state to desist from such acts, declaring that as guaranteed by the Constitution of the Federal Republic of Nigeria, 1999, he, as governor, would protect every Nigerian’s rights to reside in any part of the country.

Governor Makinde told individuals or groups planning to take actions that would lead to the forcible removal of anyone from the state to desist from such line of action, noting that anyone who fails to abide by his directive will face the full wrath of the law.

Governor Makinde warned residents of the state against taking judgement into their hands,  adding that there are bodies constitutionally empowered to arrest and prosecute criminals.

He said that the  responsibility of residents is to help the security agencies  identify the enemies of the people.

The governor equally acknowledged the efforts of some officers of the Nigeria Police Force who, according to him, have resumed their constitutional duties of maintaining law and order in the state, even as he encouraged the leadership of the Police to continue to collaborate with his administration to secure the state.

“The past few weeks’ events have made it imperative that I address issues that have to do with the internal security of our dear state.

“We cannot overlook the fact that there have indeed been instances that cause concern. The fragile peace between the herdsmen and farmers in Oke Ogun is being threatened. “Individuals who are not authorised are going around chasing people from their homes and causing mayhem. This assault on residents of Oyo State is not the way to further the Yoruba cause.

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“Let me state that we shall not sit back and watch anyone make any law-abiding resident of Oyo State feel unsafe in their homes, farms, or business places. We are aware of some people circulating flyers and giving people ultimatums to leave their land. This is totally unacceptable and will not be condoned.

“The Constitution of the Federal Republic of Nigeria 1999 (as amended), which I swore to defend and protect, guarantees freedom of movement in Section 41(1), such that citizens are free to reside in any part of the country without fear. We are determined to preserve that right in Oyo State”, he said.

The governor, who called on local government chairpersons, traditional rulers and other sectors of the state to work with the security agencies to secure the state and ensure maximum peace said: “All Local Government and Local Council Development Area Chairpersons are directed to work with the traditional rulers and the officers of the security agencies to ensure that peace is maintained in all parts of the state.

“Let me also use this medium to speak to our traditional rulers. They must not be part of any plans to disrupt the peaceful coexistence of residents of Oyo State.

“I must reiterate that we will not hesitate to take appropriate action against any individuals who try to disrupt the peace in Oyo State. Our administration is taking all necessary steps to protect the good people of Oyo State from harassment, thuggery and banditry. We believe we have the situation under control.

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“It is time for us to come together and put the interests of our state first. We have a common enemy. That enemy is not the Hausa- Fulani who is looking for pasture for his flock. It is not the farmer who just wants to grow food to sell in the market or to feed his family. Our enemies are the hoodlums, cultists, armed robbers, kidnappers and bandits. These people live among us.

“With our collective efforts, we can continue to keep the peace in Oyo State. Together, we can preserve the secure environment that has contributed to the growth of our economy”, the governor concluded.

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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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