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Nigeria’s President Tinubu rolls out N500bn to cushion subsidy removal impact

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Nigeria’s President Bola Tinubu on Monday announced N500 billion to cushion the effects of the economic hardship being experienced by citizens as a result of the removal of fuel subsidy, and other government policies since coming into power on May 29.

Tinubu, in a national broadcast on Monday night, assured Nigerians that he understood their hardships, and his administration would do everything possible to assuage their pains as he did not come to hurt them, but to help them.

“Our economy is going through a tough patch and you are being hurt by it. The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle. Things seem anxious and uncertain.

‘’I understand the hardship you face. I wish there were other ways. But there is none. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love,” Tinubu said.

President Tinubu had, on his inauguration on May 29, announced full removal of fuel subsidy, leading to hike in fuel price from N200 to between N518 and N630 per litre across the country.

Another step he took was to, through the central bank, abolish multiple exchange rates, forcing the dollar to exchange for over N850 at the black market. With these came an unprecedented rise in the cost of living with hike in the prices of food items and transportation.

Inflation rate in the West African country also jumped from 22.41 percent in May to an all time high of 22.79 percent in June, without fully accounting for the increments, leading to more pains for the people.

But in the Monday broadcast entitled “After Darkness Comes the Glorious Dawn,” Tinubu said the pains of today were necessary for a better tomorrow.

As part of the palliative measures Tinubu rolled out, he promised to spend N75 billion between July 2023 and March 2024 to fund 75 enterprises with great potential to kick-start sustainable economic growth.

‘’Each of the 75 manufacturing enterprises will be able to access N1billion credit at 9% per annum, with a maximum of 60 months repayment for long-term loans and 12 months for working capital,” he said.

He also promised that the government would spend N50 billion on conditional grants to one million nano businesses between now and March 2024, with the target of N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country.

Other measures include the immediate release of 200,000 metric tonnes of grains from strategic reserves to households across the 36 states and FCT to moderate prices, as well as providing 225,000 metric tonnes of fertilizer, seedlings and other inputs to farmers who are committed to our food security agenda.

The government, according to Tinubu, will also invest N100 billion between now and March 2024 to acquire 3000 units of 20-seater CNG-fuelled buses which will be shared with major transportation companies in the states.

He also promised that salary increase which has been a major none of contention will be addressed.

“I want to tell our workers this: your salary review is coming.

Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation,” he assured.

Politics

Ugandan opposition politician abducted, wife says

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According to his wife on Wednesday, a well-known opposition leader from Uganda, Kizza Besigye was abducted during a book launch in Kenya over the weekend, taken to Uganda, and detained at a military prison in Kampala.

Despite his rejection of the results, Besigye has run against Ugandan President Yoweri Museveni four times and lost each time, claiming voting intimidation and fraud. He has been arrested several times in the past.

“I request the (government) of Uganda to release my husband Dr Kizza Besigye from where he is being held immediately,” said his wife Winnie Byanyima.

It was not immediately possible to get in touch with a Ugandan military spokesperson for comment.

“As police we don’t have him, so we can’t make any comment,” Ugandan police spokesman Kituuma Rusoke told Reuters.
A spokesperson for Kenya’s national police did not immediately respond to a request for comment.

Besigye’s Forum for Democratic Change (FDC) party, one of Uganda’s major opposition parties, had 36 members arrested by Kenyan police in July. They were then deported to Uganda and accused of terrorism-related charges.

On the social networking site X, Byanyima stated that Besigye, who served as Museveni’s doctor during the guerrilla war but later turned into a vocal opponent, was abducted on Saturday as senior Kenyan opposition leader Martha Karua was launching a book.

“I am now reliably informed that he is in a military jail in Kampala,” said Byanyima, who is the executive director of UNAIDS, the United Nations Programme on HIV/AIDS. “We his family and his lawyers demand to see him. He is not a soldier. Why is he being held in a military jail?”

Museveni’s administration has been charged with repeatedly violating the human rights of opposition leaders and followers, including extrajudicial executions, torture, and unlawful detentions.

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Sudan army chief Burhan meets US envoy

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The United States special envoy to Sudan has made his first trip to the African nation, hoping to bring an end to a horrific war and boost relief to millions of people in need.

After being appointed Washington’s ambassador to Sudan in February, Tom Perriello visited Port Sudan, the army-led government’s de facto capital on the Red Sea coast.

For the first time since the evacuation of the U.S. embassy in April 2023 due to the conflict between the Sudanese Armed Forces and the paramilitary Rapid Support Forces (RSF), a top U.S. official visited the nation.

“We feel an enormous amount of urgency to end this crisis and to ensure that we can … help to get food and medicine and life-saving support to the 20 million people plus that are in need,” a State Department official said before the trip.

Over 25 million people, or half of Sudan’s population, require help, according to the U.N., as hunger has spread to one area and over 11 million people have abandoned their homes.

Sudan’s sovereign council stated in a statement that Perriello spoke with tribal, government, and humanitarian figures in addition to Abdel Fattah al-Burhan, the country’s army head.

During what the council described as a “lengthy, comprehensive, and frank” discussion, the two men talked about how to provide humanitarian help and how to end the war through a political process.

“The U.S. envoy presented several suggestions which the head of the sovereign council agreed to,” the statement said.

Although the army declined to join U.S.-mediated peace negotiations in Geneva earlier this year, the meetings did obtain commitments from the warring parties to increase access to aid.

A power battle between the army and the RSF preceded a planned shift to civilian government, which is why the conflict broke out more than a year ago.

Perriello discussed “the need to cease fighting, enable unhindered humanitarian access, including through localized pauses in the fighting to allow for the delivery of emergency relief supplies, and commit to a civilian government,” a State Department statement said.

“Right now, I think there’s a key opportunity to build on the expansion of humanitarian aid,” the State Department official stated, emphasising the need for relief corridors to the most battle-ravaged areas, such as al-Fashir, Sennar, and parts of the capital Khartoum, even though the U.S. would continue to pursue a more comprehensive ceasefire and negotiations.

Last Monday, Sudan’s sovereign council announced that it would prolong the temporary opening of the Adre border crossing with Chad. According to relief organisations, this crossing is essential for delivering food and other supplies to famine-prone portions of the Darfur and Kordofan regions.

An RSF official stated at a press conference in Nairobi that while they were still amenable to peace, they had doubts about the army’s readiness.

“They do not listen to any language but that of the rifle, and so we will continue to talk to them in the language they understand,” said Brigadier General Omar Hamdan.

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