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Rise to The Occasion Over Plateau Killings, Cattle Ranches, Public Affairs Analysts Tells Govt

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ELDERS, patriots, the international community and all those who have genuine interest in the nation called Nigeria and in humanity generally have been called upon to rise to the challenges that are about to rock the ship of the country completely.

Making the call is the National Association of Public Affairs Analysts (NAPAA) in a release made available to newsmen in Ibadan and signed by Honourable Seun Adelore and Comrade Jare Ajayi, president and secretary general respectively.

The association stated that it is highly concerned about the incessant killings occurring on a daily basis in parts of the country “in a manner that is not only unprecedented but bordering on genocide”.

Burning of villages and settlements, killings of tens and hundreds of people, devastation of economic activities especially farmlands and kidnappings for ransom are some of the challenges the association cited as capable of leading to the disintegration of the country if nothing is done to urgently stop them.

It would be recalled that in Benue, Nassarawa, Plateau etc, lives running into thousands have been lost in these areas as a result of their settlements being set ablaze and people being extra-judicially killed in recent times. The latest one that happened on a large scale was that of Plateau State over the weekend where as many as over 200 people were reportedly killed although the Police said that the figure is considerably less than that.

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According to NAPAA, “what matters here is not the necessarily the number of people died. The important thing requiring the attention of everyone is that there is a killing at all. No life of any Nigeria should be lost extra-judicially unless it is through a natural cause.”

Referring to the reason allegedly given by the spokesman of Miyetti Allah that the Plateau incident was a reprisal for the killings by local farmers, NAPAA insisted that the government owes it a duty to ensure that criminals are apprehended and tried while innocent people do not suffer in any way as we are not witnessing in the instances cited. It maintained that the leadership of Miyetti Allah should be questioned by security agencies as it is clear that the organization knows one or two things about the unwarranted and genocidal killings.

Making reference to the recent announcement by the government to establish cattle ranches in parts of the country, NAPAA called the government to exercise caution on the way it goes about this very delicate issue.

“We all know that cattle rearing are like any other business. Nigeria is operating a capitalist system – meaning that individuals engage in businesses that suit them. If government decides to assist a segment of the citizenry in setting up its business, there is need for wide consultation. It should not be a thing to be imposed on the people in order to avoid frictions and clashes.”

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Regretting that the Plateau incident happened even in spite of the planned ranches, the public affairs insisted that the government has not truly addressed the issue squarely and sincerely “hence the frequent attacks and killings”.

After itemizing various incidents in which human lives are avoidably wasted in the country, NAPAA lamented that “at no time in the history of this country has our situation been this worrisome. Armed robbery, kidnapping, herdsmen/farmers clashes, high stake corruption, not to talk of dysfunctional infrastructures are pointers to a country that is rapidly failing – if it has not already failed. It is not surprising therefore that Nigeria is reported to be among the most dangerous countries to live in now”.

Lamenting the effect this is having on the well-being of the people, the public affairs analysts said that report now has it that Nigeria has overtaken India as a country with the highest number of people living below the poverty line in proportion to its population.

They, however demanded an end to the wanton killings.

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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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