President Bola Tinubu has explained why he called for the suspension of economic sanctions imposed by the Economic Community of West African States (ECOWAS), which he chairs on Niger, Mali, Burkina Faso and Guinea.
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The Tinubu Administration is a fanatic believer in economic liberalism and market forces. Based on its belief, it cancelled fuel subsidy and floated the naira so that it can find its true value. The naira played its part and has been rising steadily desperately searching for its true market value, which it turns out, is still very far away. The result is a “misery crisis” as cost of living rise beyond the incomes of ordinary citizens whose naira is too small to enable them purchase food and hunger and anger spreads throughout the land. The President who always tells Nigerians that he understands their pains then offers a solution and orders distribution of free grains from the Strategic Food Reserves. It turned out the civil servants forgot to brief him that the reserves are empty.
ASHENEWS reports that President Bola Tinubu has appointed Ms. Hafsat Bakari as the Director of the Nigerian Financial Intelligence Unit (NFIU), pending her confirmation by the Senate.
There is certainly a seeming lack of policy coordination in reform implementation (both vertically-between FG and other tiers, and horizontally- within the FG itself)- which is neither new nor surprising. Public policy coordination has remained an age-old issue in government and a fundamental problem for efficient service delivery in public administration and policy.
ASHENEWS reports that amid the worsening economic hardship that Nigerians are facing, a former Executive Secretary of the National Health Insurance Scheme (NHIS), Professor Usman Yusuf, has questioned why the Southeastern part of the country has remained quiet.
ASHENEWS reports that President Bola Tinubu has charged the state governors to support local farmers to boost food production.
In the face of the raging insecurity in Nigeria, the federal government in collaboration with state governments (Nigerian governors) are considering the creation of state police. This was part of deliberations between President Bola Tinubu and state governors at the Presidential Villa in Abuja on Thursday.
ASHENEWS reports that Sultan Saad Abubakar has expressed worry over the suffering, insecurity, impoverishment, and unemployment experienced by Nigerians, especially in the North, and called on President Bola Tinubu to expedite action on the situation before the people revolt against the government.
The former governor of the Central Bank of Nigeria (CBN), and 14th Emir of Kano, Muhammadu Sanusi has said that President Bola Tinubu is not responsible for the hardship being faced by Nigerians at the moment.
President Bola Tinubu, on Friday, signed the Electricity Act (Amendment) Bill 2024 into law. The bill, which was passed by both the House of Representatives and the Senate in 2023, was sponsored by Hon. Babajide Benson of Ikorodu constituency of Lagos State.