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Calm down, Nigeria’s economy not in distress, Tinubu tells Nigerians

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President Bola Tinubu has once again assured Nigerians that the economy is not in distress as some “detractors” of his administration may want to claim.

Tinubu, who gave the assurance while speaking on Tuesday at the Leadership Conference and Awards 2023, held in Abuja, where he was honoured with the Leadership Person of the Year 2023, urged Nigerians to “calm down” and trust in his capability to get the nation out of the current economic crisis.

Tinubu, who was represented at the event by the Minister of Information and National Orientation, Mohammed Idris, stated that recent indicators and statistics had shown that his reforms and policies were beginning to yield positive results despite the challenges.

The president also recounted key initiatives and investment efforts by his administration to support Nigerian businesses, students, and vulnerable households, as well as to enhance food security and attract foreign direct investment.

“I should start by respectfully challenging that notion that the Nigerian economy is in distress,” Tinubu said.

“Distress suggests helplessness, being at the mercy of something we have no control over. But that is not the case here.

“We are in challenging times, no doubt, but these times have also been marked by unprecedented opportunities, to reset course and to build a new and sustainable economy, away from the rent-seeking and the waste that was once the order of the day.

“My administration has released intervention funds totaling N200 billion to support Nigerian businesses, in addition to a new Federal Students’ Loan programme and the Presidential Initiative on CNG.

“The N200 billion will be disbursed through three new special intervention funds established to support Nigerian businesses.

“The imminent roll-out of CNG-powered buses which will bring down the cost of transportation by as much as 50 percent.

“The substantial increase in revenues accruing to the three tiers of government since the removal of the petrol subsidy means more funds are available to directly impact the lives of Nigerians through investments in critical infrastructure, social security, and other areas.

“For the poorest and most vulnerable among us, the Social Investment Programme, currently under review to reposition it for maximum impact, will support millions of households with direct cash transfers that will enable them to meet their basic needs.

“Since we assumed office in May 2023, we have attracted $30 billion in Foreign Direct Investment (FDI) commitments into the real sector of the economy, including Manufacturing, Telecoms, Healthcare, Oil & Gas, and others.

“Those investments have already started coming into the country.

“Just a few days ago, I was in Qatar on an official visit, where the Emir assured me that a senior government delegation would visit Nigeria after Ramadan, to begin taking action on some of the new investments they are looking at here.

“I have asked the Minister of Finance and Coordinating Minister of the Economy to directly interface with the Qatari authorities to ensure that speedy progress is made.

“I ask for the continuing patience and support of all Nigerians as we work to restore our beloved country.

“Ours is a story of a country that is taking the right steps, and feeling the fleeting pains that will come with this course of action. A glorious dawn is indeed assured.”

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Metro

Zambia: Expert warns of food security threat due to climate change 

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A prominent Zambian climate-smart agriculture expert, Oliver Bulaya, has warned of a collapse of the county’s agricultural sector with a potential threat to food security due to the worsening impact of climate change.

Bulaya, who bared his mind in an interview with Zambia Monitor on Friday, warned that ignoring the crisis could lead to severe disruptions in the country’s food supply and economy.

“Unless concerted efforts are made, the country will continue facing dire consequences from climate change,” the expert noted.

He lamented a growing trend of farmers relocating to regions experiencing above-normal rainfall, such as the northern block, as they struggle with losses caused by climate variability.

Bulaya emphasized that the once-reliable rainfall areas like North-Western Zambia are now experiencing lower precipitation, as seen during the 2023/2024 farming season and cautioned that poor farming practices, which had already strained the Southern region, could lead to similar challenges in other parts of the country if proactive measures were not implemented.

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Outrage over murder of Nigerian beaten to death by South Africans inside estate security office

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The Nigerian community, under the auspices of Nigerian Citizens Association in South Africa (NICASA), has raised the alarm over the murder of a 37-year-old Nigerian, Julius Chukwunta, who was beaten to death by four South Africans inside an estate.

According to the association, Chukwunta, a native of Aninri Local Government Area in Enugu State, was reportedly attacked on Saturday, December 7, while driving to his residence in Midrand Protea Estate.

In a statement issued on Saturday by the President-General of NICASA, Dr Frank Onyekwelu, Chukwunta was blocked by the four men while approaching his residence.

Onyekwelu stated that information available to the association noted that after attempting to pass through, Chukwunta was met with resistance by the assailants, prompting him to seek help at the security office of the estate.

“At that moment, the four men allegedly attacked him, leaving him severely injured with a head wound,” the PG said.

“His female companion, who was sitting in the car, rushed to the security office and discovered him bleeding on the ground.

“In spite of attempts to call for help, the security office and residents did not assist in calling the police or an ambulance.

“After an hour, Chukwunta’s partner contacted her father, who, along with other family members, took him to Tembisa General Hospital.

“Chukwunta was placed on life support but later succumbed to his injuries and died at the Tembisa General Hospital on December 10, 2024.”

Onyekwelu also confirmed that the case was reported to the police by Chukwunta’s partner at the Midrand Police Station and was registered under file number 262/12/2024.

The NICASA President said the four suspects, aged 20, 24, 27, and 28, were arrested, and the case was presented in Alexandra Magistrate Court on December 13, 2024, where they were charged with murder.

“The court proceedings on December 18, 2024, saw three of the suspects granted bail of R10,000 each, while the fourth had not yet applied for bail. The case was adjourned to February 3, 2025.”

Onyekwelu however, expressed disappointment at the proceedings, wondering why three of the suspects were released on bail and vowed that the Nigerian community would continue to demand justice for Chukwunta and support his family.

He emphasised that the community would not rest until justice was served and the value of Nigerian lives was upheld in South Africa.

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