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NASRE: Economic Hardship And Charting A Path Forward

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NASRE: Economic Hardship And Charting A Path Forward

NASRE: Economic Hardship And Charting A Path Forward

 

 

 

NASRE– In the labyrinth of Nigeria’s economic landscape, a pervasive wave of hardship has engulfed the nation, leaving its citizens navigating through soaring costs, diminished purchasing power, and profound lifestyle adjustments. The complex interplay of policy reforms, notably the removal of fuel subsidies and the unification of exchange rates, has ushered in a new era of financial struggle for many, creating a multi-faceted crisis that requires a comprehensive exploration.

 

NASRE: Economic Hardship And Charting A Path Forward

 

 

For instance, Nigeria battles with a record high inflation rate of 28.92 per cent in December 2023 from 28.20 per cent in November, and a food inflation rate of 33.93 per cent, which is driven by increases in prices of staple food items such as Oil and fat, Meat, Bread and Cereals, Potatoes, Yam & Other Tubers, Fish, and Milk, Cheese, and Eggs.

 

 

 

In fact, latest global hunger index report has ranked Nigeria 109 out of 125 countries as one of the countries with the most hungry population in the world. The report, therefore, showed that Nigeria is below countries such as Sudan, Zimbabwe, DR Congo, North Korea, and Guinea.

 

 

The Human Impact

At the heart of this economic maelstrom are the stories of ordinary Nigerians, whose daily life is marred by a worsening financial situation despite earnest attempts to cut costs. Their plight mirrors the struggles of countless others facing the collateral damage of policy decisions.

The removal of the fuel subsidy in June 2023 acted as a catalyst, triggering a domino effect on the prices of goods and services. Families like Shakirudeen Bankole’s, who once enjoyed the ritual of preparing soup every week, now find themselves reducing such practices to once a month due to inflation’s relentless grip on grocery prices.

Government Policy Reforms Amplifying Hardship

The government’s decision to remove the fuel subsidy and unify the exchange rate, while well-intentioned, has created a perfect storm for citizens just recovering from the repercussions of a controversial naira redesign policy. The subsequent surge in prices has affected various sectors, from food and transportation to education and small businesses.

The Central Bank of Nigeria’s move to unify the forex exchange market aimed at transparency and investor confidence has inadvertently intensified pressure on the local currency. Manufacturers grapple with increased costs, and citizens face the harsh reality of adapting to a new economic normal.

Lives In Flux: Stories From The Ground

As voices from different regions echo similar hardships, lifestyle changes become inevitable. Nigerians all over the country narrate how the economic challenges have compelled their family to reduce their three square meals to two, emphasizing the pervasive impact on daily life.

Poultry farmer Namso Udoka highlights the struggle as the price of essential inputs like hybrid feed skyrockets, affecting both production costs and, potentially, the prices of eggs. Civil servants like Monday Ewaoche recount drastic adjustments – from cutting down on unnecessary expenses to choosing public transport over personal vehicles.

The Trickle-Down Effect

From the bustling markets of Kano to the mechanic parts workshops in Ladipo, the fabric shops in Abeokuta, the cry all over has been the negative impact of the economy on the market. The markets that have once bustling with activity are now eerily quiet due to reduced patronage.

Entrepreneurs have also expressed the ripple effect on their businesses. Increased fuel prices translate to higher production costs, forcing them to raise prices and, subsequently, face a decline in patronage.

Our Stand

As Nigerians continue to face the present unprecedented hardship, calls for a reevaluation of government policies and a plea for relief from economic hardships echo nationwide. The National Association of Social and Resourceful Editors (NASRE), therefore, emphasize the need for specific blueprints to address inflationary pressures and revitalize the economy.

To this end, we urge all arms of government to provide economic relief, emphasizing the commitment to delivering on promises despite the challenges. We also advocate for citizens’ involvement in security efforts and encourage unity to navigate these trying times.

In the face of adversity, Nigerians are resilient, adapting to the changing economic landscape while holding onto hope for a better tomorrow. The complexities of this economic crisis demand a comprehensive response, blending short-term relief measures with long-term structural reforms.

Immediate Relief Measures: Urgent steps must be taken to provide immediate relief to vulnerable populations. This includes targeted subsidies, social welfare programs, and food assistance to mitigate the impact of rising prices on essential goods.

Inclusive Policy Reevaluation: Government policies, especially those related to subsidy removal and exchange rate unification, require thorough reassessment. The inclusion of stakeholders from various sectors in policy discussions can help identify unintended consequences and inform more inclusive decision-making.

Economic Diversification: A strategic shift towards economic diversification is imperative. Investing in sectors where Nigeria has a comparative advantage, such as agriculture, can stimulate growth, create employment, and reduce dependence on oil revenue.

Infrastructure Development: Critical investments in infrastructure, particularly in transportation and power generation, can alleviate the burden on businesses and reduce production costs. Improved infrastructure enhances efficiency and competitiveness in the global market.

Empowering Small and Medium Enterprises (SMEs): SMEs form the backbone of Nigeria’s economy. Providing targeted support, including access to affordable credit, skill development programs, and streamlined regulatory processes, can boost their resilience and contribution to economic recovery.

Transparent Communication: Building trust through transparent communication is crucial. Clearly articulating government policies, their objectives, and the expected impact fosters a sense of understanding among citizens, reducing uncertainty and speculation.

Conclusion: A Collective Journey

As Nigeria grapples with these multifaceted challenges, the path forward necessitates a collective effort, innovative solutions, and a commitment to addressing the root causes of the current hardships. Only through unity, collaboration between government and citizens, and strategic reforms can Nigeria emerge from these turbulent waters into a more prosperous and equitable future.

For further inquiries or comments, please contact NASRE secretariat:
Email: officialnasre@gmail.com
Phone: +234 [0] 907 545 7236
Website: nasre.ng

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Politics

Edo Tribunal Ruling: A Legal Verdict or a Political Manipulation?

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Edo Tribunal Ruling: A Legal Verdict or a Political Manipulation? By George Omagbemi Sylvester

Edo Tribunal Ruling: A Legal Verdict or a Political Manipulation?

By George Omagbemi Sylvester

 

The recent verdict by the Edo State Governorship Elections Tribunal dismissing the PDP’s petition against the 2024 election outcome has once again raised critical questions about the integrity of Nigeria’s electoral process. While the tribunal cited the absence of competent witnesses and lack of substantial evidence, a deeper analysis of this ruling, coupled with the broader political climate under President Bola Ahmed Tinubu, suggests a concerning pattern: the calculated erosion of Nigeria’s multi-party democracy.

 

Edo Tribunal Ruling: A Legal Verdict or a Political Manipulation?
By George Omagbemi Sylvester

Legal Grounds or Judicial Bias?
The Edo State Governorship Elections Tribunal ruled that the PDP’s petition failed primarily due to a lack of competent witnesses and insufficient evidence. While documents were provided, the tribunal deemed them inadmissible without credible testimony to authenticate them. Furthermore, the tribunal insisted that oral evidence was necessary to prove allegations of over-voting, referencing Supreme Court precedents. However, this ruling raises fundamental concerns. If documents submitted were indeed official election records, why were they disregarded solely due to the absence of certain witnesses?

The tribunal’s insistence on strict evidentiary standards while allegedly turning a blind eye to glaring irregularities raises suspicions of bias. By disqualifying the testimony of the PDP’s witnesses on technical grounds, the ruling effectively denied the petitioners a fair chance to prove their case.

Tinubu’s Blueprint for a One-Party State
Beyond the tribunal’s ruling, the broader actions of the APC-led federal government suggest a systematic effort to stifle opposition and consolidate power. Since assuming office, Tinubu’s administration has embarked on a relentless campaign to weaken opposition parties, coerce key political figures, and silence dissent.

Key examples include:

Governor Dave Umahi’s Political Turnaround: The former PDP governor of Ebonyi State defected to the APC, citing pressures that many believe were orchestrated by Tinubu’s allies to weaken the opposition in the Southeast.

EFCC’s Selective Prosecution: The Economic and Financial Crimes Commission (EFCC) has targeted opposition figures, including PDP chieftains, while largely ignoring corruption allegations against APC loyalists. Former Kogi State Governor Yahaya Bello, an APC stalwart, remains untouched despite numerous allegations.

Judicial Interference in Opposition-Led States: Several opposition-led states, including Rivers and Zamfara, have faced judicial interventions that appear politically motivated. The removal of PDP-aligned governors through questionable court rulings further fuels suspicions of a grand strategy to dismantle opposition strongholds.

Forcing and Silencing Top Officials
Under Tinubu’s administration, several top government officials have been forced to align with the APC or face political and economic consequences. Notable cases include:

Godwin Emefiele, the former CBN governor, was arrested and detained shortly after Tinubu assumed power. While official reasons cite economic mismanagement, many believe his removal was politically motivated, given his role in the controversial Naira redesign policy, which was seen as a challenge to Tinubu’s pre-election financial war chest.

Former Vice President Yemi Osinbajo has been largely sidelined, despite his significant role in the Buhari administration. His reluctance to align fully with Tinubu has seen him politically isolated.

Peter Obi and Labour Party Persecution: The Labour Party (LP), which posed a significant threat to APC’s dominance in 2023, has faced relentless attacks. LP members have been harassed, and attempts have been made to delegitimize Obi’s growing influence.

The Death of Democratic Institutions?
Under a true democracy, political competition should be encouraged, not stifled. However, Tinubu’s administration has exhibited autocratic tendencies, from the questionable removal of political opponents to the strategic co-optation of opposition figures.

The Judiciary’s Role: The increasing frequency of court rulings favoring the APC raises concerns about judicial independence. The Edo Tribunal’s verdict fits into a broader trend of politically convenient judgments, which often seem to align with the ruling party’s interests.

The Media’s Struggle: Independent journalism has suffered due to growing restrictions on press freedom. Media outlets that criticize Tinubu’s government face the risk of intimidation and economic strangulation. Channels Television and Arise TV, for instance, have been warned over their critical reporting on government affairs.

A Nation at a Crossroads:
Furthermore, Nigeria stands at a critical juncture. The Edo Tribunal’s ruling is not just about an election petition; it is a symptom of a larger problem—the gradual erosion of democracy under Tinubu’s watch. If this trend continues, Nigeria risks sliding into a de facto one-party state where dissent is crushed, and political opposition is merely symbolic.

For democracy to thrive, there must be a robust opposition, an independent judiciary, and a free press. The systematic silencing of opposition voices, as seen in Edo State and beyond, should alarm all Nigerians who believe in democratic governance. The question remains: Will Nigerians allow this autocratic overreach to continue, or will they rise to defend the essence of democracy before it is too late?

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Oshodi-Isolo Chairman Otunba Oloyede Almaroof Strategize with Seyi Tinubu on Youths Engagement

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Oshodi-Isolo Chairman Otunba Oloyede Almaroof Strategize with Seyi Tinubu on Youths Engagement

 

In order for governance to reach the people president Bola Ahmed Tinubu had seek clarification from the Supreme Court to get financial autonomy for the Local government and It is not a secret that it is the tier of Government closest to the people. So while others are resting and merrying for the just concluded Ramadan, the Chairman of Oshodi-Isolo Local government Otunba Kehinde Adeola Oloyede Almaroof is engaged in a strategic meeting with Ambassador Seyi Tinubu, a known champion of youthful inclusivity, on how to positively impact the youths of his local government and Lagos State as a whole.

Seyi Tinubu, who is currently in Lagos for the festive break is known for his readiness to create chance to attend any meetings, functions or any discuss on how to better the lives of Nigerian youths and it is not strange that he’s discussing such with Otunba Oloyede the youthful oriented local government Chairman of Oshodi-Isolo Local government, who is also a usual go to.

Incidentally, while the meeting is going on, some of the detractors of wonder performing Chairman are busy peddling lies about the relationship between Otunba Kehinde Oloyede and Seyi Tinubu.

The meeting that lasted for several hours took place at a time many of the fake news merchants are preparing to embark on drinking spree at one night club or the other for the end of Ramadan celebrations.

Kendu as the Chairman is fondly called is in position to return for another term to serve the good people of Oshodi-Isolo and his overwhelming popularity amongst the populace has made him a target for smear campaigns by those whose chance, his achievements seems to have dimed.

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Let Peace And Unity Reigns in Edo State, Governor Monday Okpebholo aide Daniel Eromosele plead with PDP

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Let Peace And Unity Reigns in Edo State, Governor Monday Okpebholo aide Daniel Eromosele plead with PDP

Let Peace And Unity Reigns in Edo State, Governor Monday Okpebholo aide Daniel Eromosele plead with PDP

 

 

 

Sahara Weekly Reports That The desperation of the Peoples Democratic Party (PDP) in Edo State is alarming, to say the least. Despite their decisive loss in the September 21 election, they seem determined to inflict pain and suffering on the good people of Edo. Their strategy? To create chaos and violence across the state, thereby disrupting the peace and progress that the current administration is working hard to establish. With the intention to render the State ungovernable and create room for the declaration of State of emergency in Edo.

 

Let Peace And Unity Reigns in Edo State, Governor Monday Okpebholo aide Daniel Eromosele plead with PDP

 

The recent gruesome killings of Muslims traveling through the state are a stark manifestation and reminder of the PDP’s wicked and bizzare intentions. What’s even more disturbing, however, is the fact that instead of condemning these heinous acts, some senior PDP officials are trying to downplay the severity of ugly incidents. They’re using these senseless killings to call on the Federal Government to declare a State of emergency in Edo State. Nothing can be more far from the truth that these same people are the perpetrators of these wicked and barbaric acts of criminality in the State. Its so sad that, their desperation has lost regard to sanctity of human life.

 

 

 

Let’s be clear: there’s no justification for these acts of criminality clothed in violence no matter the political leanings of the perpetrators or their victims. Every life is precious, and every killing is a tragedy that diminishes us all. Let it be known that those that orchestrated these acts of wickedness and criminality and those that defend them are guilty of the same offence and shall be so rewarded.

 

 

 

The hard truth is that whatever goes around comes around. The PDP and their failed candidate should let Edo enjoy the peace and progress that Governor Monday Okpebholo is working hard to achieve. They should wait for 2028 to try their luck again, instead of trying to disrupt the state’s progress through violence and chaos.

 

 

 

To the good people of Edo, let’s stand together these political Buccaneers and Vampires that are out to unleash violence against the good people. Violence has never been and will never be our culture.We deserve better, and we will not be swayed by the PDP’s antics. The good people of Edo State are solidly behind their ever performing Governor AKPAKO WONDER.

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