Politics

NASRE: Economic Hardship And Charting A Path Forward

Published

2 years ago

February 7, 2024

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.

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: [email protected]
Phone: +234 [0] 907 545 7236
Website: nasre.ng

Politics

2027: Team Makinde Will Take Governor, Senate, Reps, Assembly Seats — Ajadi

Published

1 day ago

May 8, 2026

Sahara Weekly

2027: Team Makinde Will Take Governor, Senate, Reps, Assembly Seats — Ajadi

Leaders of the Peoples Democratic Party (PDP) in Oyo State have reportedly begun strategic consultations ahead of the 2027 general elections, with indications emerging that the party is working towards a consensus arrangement aimed at strengthening unity and consolidating its political dominance across the state.

This development was disclosed by prominent politician and gubernatorial aspirant, Olufemi Ajadi Oguntoyinbo, during an interaction with journalists on Thursday, May 7, where he expressed confidence that Governor Seyi Makinde and members of what he described as “Team Seyi Makinde” would emerge victorious in the 2027 elections.

Ajadi stated that PDP leaders, during a closed-door meeting attended by Governor Makinde, the state PDP chairman, and other influential stakeholders, unanimously resolved that he should contest for the Oyo Central Senatorial seat rather than continue with his gubernatorial ambition.

According to him, the leaders emphasized that his wealth of experience, political exposure, grassroots popularity, and developmental vision would make him a strong voice for Oyo Central at the National Assembly.

“They told me that the Senate remains a strategic platform where I can contribute immensely to the growth and integration of Oyo State and Nigeria at large through purposeful lawmaking and quality representation,” Ajadi said.

“We will take all political positions in Oyo State without leaving any behind in 2027,” Ajadi declared, expressing confidence in Team Makinde.

They said my passion for youth empowerment, entrepreneurship, education, industrial growth, and infrastructural development would be better amplified from the Red Chamber. Their position was that Oyo State needs experienced and energetic leaders in the National Assembly who can attract federal presence and influence policies that directly benefit the people.”

Ajadi further revealed that the leaders stressed the need for party unity and collective sacrifice ahead of the elections.

“Politics is about service, loyalty, and strategic planning. The leaders made it clear that the interest of the party and the development of Oyo State must come first. I am a loyal party man, and I respect the decision of the leaders,” he added.

However, Ajadi also disclosed during the interview that he has officially resigned from the Peoples Democratic Party and has concluded plans to contest for the Senate under another political platform ahead of the 2027 elections.

Although he declined to mention the name of the political party he intends to join, the politician hinted that consultations with political associates and supporters across Oyo State and beyond were ongoing.

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2027: Team Makinde Will Take Governor, Senate, Reps, Assembly Seats — Ajadi
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READ ALSO:Hamzat Gains Massive APC Support for 2027 Race

“We will take all political positions in Oyo State without leaving any behind in 2027,” Ajadi declared, expressing confidence in Team Makinde.

READ ALSO:Ajadi Resigns from PDP, Cites New Political Direction

“They said my passion for youth empowerment, entrepreneurship, education, industrial growth, and infrastructural development would be better amplified from the Red Chamber. Their position was that Oyo State needs experienced and energetic leaders in the National Assembly who can attract federal presence and influence policies that directly benefit the people.”

Ajadi further revealed that the leaders stressed the need for party unity and collective sacrifice ahead of the elections.

READ ALSO:K1 De Ultimate Praises Okiki Bright’s Tribute Record

“I have moved on politically and consultations are ongoing with leaders and supporters. At the appropriate time, Nigerians and the good people of Oyo State will know the political platform on which I intend to pursue my senatorial ambition,” Ajadi stated.

He maintained that his political movement was driven by his desire to continue contributing meaningfully to governance, youth development, economic empowerment, and quality representation.

Party sources disclosed that the earlier consensus arrangement was designed to reduce internal friction, foster harmony among aspirants, and present formidable candidates capable of retaining and expanding the PDP’s political structure across the three senatorial districts.

According to the arrangement, the proposed consensus candidates for the Senate were said to include:

Oyo Central: Olufemi Ajadi Oguntoyinbo
Oyo South: Adedeji Stanley Olajide
Oyo North: Shina Abiola Peller

Sources within the party also indicated that former Commissioner for Finance in Oyo State, Bimbo Adekanmbi, is being considered as the party’s preferred governorship candidate.

Ajadi, while speaking on the future of governance in Oyo State, declared that the achievements of the Makinde administration had positioned the state for continued political and economic growth.

He praised Governor Makinde for what he described as visionary leadership, infrastructural transformation, reforms in education and healthcare, and efforts toward improving the economy of the state.

“Governor Seyi Makinde has changed the political and developmental narrative of Oyo State. The people can see the roads, schools, healthcare improvements, and economic reforms. Good governance will always speak for itself,” Ajadi stated.

He also assured his supporters that his political ambition remains focused on service to the people.

“Our goal is not just about elections but about sustaining development, empowering young people, supporting businesses, and ensuring that every part of Oyo State benefits from quality representation and good governance,” he said.

Political observers believe Ajadi’s growing influence, particularly among youths and grassroots supporters, has continued to strengthen his relevance within the political landscape of Oyo State.

Known for his philanthropic activities, support for entrepreneurship, and active involvement in community development initiatives, Ajadi has increasingly become one of the notable political voices in the state’s evolving political environment.

The latest development is expected to generate fresh political discussions and realignments ahead of the 2027 general elections in Oyo State.

Politics

Ajadi Resigns from PDP, Cites New Political Direction

Published

2 days ago

May 7, 2026

Sahara Weekly

Ajadi Resigns from PDP, Cites New Political Direction

A prominent member of the Peoples Democratic Party (PDP) in Oyo State, Ambassador Olufemi Ajadi Oguntoyinbo, has officially resigned from the party, citing the need to pursue his ambition on another political platform due to the unresolved crisis at the national level of the PDP.

Ajadi said the lingering internal crisis within the party could pose legal challenges to his aspiration in the long run.

In a resignation letter dated May 6, 2026, and addressed to the Oyo State Chairman of the PDP at the party’s Secretariat in Molete, Ibadan, Ajadi said his decision followed “extensive consultations and careful reflection” on his political future and ideological direction.

The letter, routed through the PDP Ward Chairman of Ward 8, Osengere in Egbeda Local Government Area of Oyo State, marks a significant political development within the party in the state.

“I am writing to officially notify you of my decision to resign from the membership of the Peoples Democratic Party (PDP), effective immediately,” Ajadi stated in the letter.

The politician, who has remained active in political discourse and youth-oriented development initiatives across Oyo State, stressed that his decision was not driven by personal ambition but by the need to avoid possible legal disputes that could affect his gubernatorial aspiration.

This decision comes after extensive consultations and careful reflection on my political direction, particularly in relation to the broader state and national vision of unity, progress, and sustainable leadership that I remain deeply committed to pursuing,” he said.

Ajadi, known for his grassroots political engagements and philanthropic activities across Oyo State, expressed gratitude to the PDP leadership at the national, state, and ward levels for the opportunities and support he enjoyed during his time in the party.

“I wish to express my profound appreciation to the national leadership of the PDP for the opportunity to pursue my political ambition under the party’s banner, as well as acknowledge the unwavering support, guidance, and cooperation I received from the state leadership and the ward chapter throughout my political journey within the party,” he added.

Describing politics as a vehicle for service rather than personal rivalry, Ajadi emphasised his continued commitment to democratic participation and nation-building.

“Politics, for me, has always been a calling to serve humanity, not a contest of egos,” he declared. “I remain grateful for the trust reposed in me and for the platform the PDP provided to engage constructively in nation-building and democratic participation.”

Political observers in Oyo State believe Ajadi’s resignation could trigger fresh political alignments ahead of future contests in the state, especially considering his influence among youths and grassroots supporters.

Although Ajadi did not disclose his next political destination in the letter, sources close to the politician hinted that consultations are ongoing with associates and stakeholders across different political platforms.

The development is expected to generate reactions within the Oyo State political landscape, particularly among PDP loyalists and opposition blocs monitoring emerging alliances ahead of future elections.

In a conciliatory tone, Ajadi praised members of the PDP for their resilience and patriotism while praying for the continued success of the party in strengthening democracy in Nigeria.

“I salute the courage, resilience, and patriotism of all PDP members and pray that the party continues to play its vital role in strengthening Nigeria’s democracy and fostering good governance,” he stated.

He further noted that he was leaving the party with “no bitterness or regret,” describing his experience within the PDP as “fulfilling and memorable.”

“As I take a new path in my political journey, I do so with no bitterness or regret, but with sincere gratitude to every member of the PDP family who contributed to making my experience both fulfilling and memorable,” Ajadi reiterated.

Politics

Buratai’s Loyalty to APC and the Failure of a Viral Smear Campaign

Published

2 days ago

May 7, 2026

Sahara Weekly

Buratai’s Loyalty to APC and the Failure of a Viral Smear Campaign

By Femi Oyewale

The recent attempt to portray former Chief of Army Staff, Lt.-Gen. Tukur Yusuf Buratai (retd.), as a critic of President Bola Ahmed Tinubu and an admirer of the opposition coalition may have exposed more than just another fake news operation, it has exposed the contradictions embedded within modern political propaganda.

The viral publication, circulated by an obscure online platform, alleged that Buratai declared that President Tinubu had “failed to meet expectations” while commending the opposition coalition. Yet the report failed to provide the most basic ingredients of credible journalism: where the statement was made, when it was made, and who witnessed it.

Buratai’s swift denial was unsurprising. What is more striking, however, is the glaring irony surrounding the entire smear campaign.
At a time when the former army chief is visibly and actively participating in activities of the ruling All Progressives Congress, critics attempted to paint him as an anti-government figure. Only recently, Buratai reportedly served as a member of the security committee during the APC National Convention , hardly the role of a man allegedly plotting politically against his own party.

Even more revealing is the political aspiration of his son, Tukur Buratai Tukur, who is currently pursuing a seat in the Borno State House of Assembly to represent Biu Constituency under the banner of the APC.
Campaign posters promoting the younger Buratai’s ambition are already in circulation, carrying APC insignia and messages centered on “effective representation and quality service.” Recent public appearances equally showed the elder Buratai openly endorsing and supporting the aspiration.

This raises an obvious question: Why would a man allegedly opposed to the APC government simultaneously participate in APC national structures while backing his son’s political future within the same party?
The contradiction weakens the credibility of the viral publication and reinforces suspicions that the report was politically motivated.

In today’s digital political climate, fake news has become a weapon designed not merely to misinform, but to manufacture confusion, trigger division, and manipulate public perception. Public figures, especially those with national visibility and influence, increasingly find themselves targeted by coordinated misinformation campaigns.
Buratai’s response reflected not only personal outrage but also concern over the broader implications of unchecked falsehoods in Nigeria’s political space.

Reaffirming his loyalty to the APC and support for President Bola Ahmed Tinubu, the retired general maintained that his allegiance to constituted authority remains intact after over four decades in military service.

Whether one agrees with Buratai politically or not, the episode serves as another reminder of how easily fabricated narratives can spread in an era where sensational headlines often travel faster than verified facts.

And perhaps that is the greatest irony of all: while the authors of the smear campaign sought to create doubts about Buratai’s loyalty, the facts surrounding his recent political activities appear to tell an entirely different story.