Metro

Nigeria’s economy will witness positive changes after painful sacrifice— VP Shettima

Published

7 months ago

May 3, 2024

Nigeria’s Vice President, Senator Kashim Shettima, has told Nigerians to look at the bigger picture as the country’s economy will soon witness positive changes after their painful sacrifices.

Shettima who was the special guest speaker at the second Chronicle Roundtable organized by 21st Century Media Services held in Abuja on Thursday, implored on Nigerians to be patient with the administration of President Bola Tinubu as he is determined to “steer the ship of state through the economic turbulence and storm he met on ground on assumption of office.”

“Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices,” Shettima said while giving his keynote address.

“Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people,” he declared.

The Vice President went on to explain some key policy decisions taken by the Tinubu administration as well as its Economic and Social Agenda, including the removal of subsidy on petroleum products, which he described as the ‘biggest elephant in the room’ before President Tinubu took charge.

“We look forward to the positive impact on the economy that will be brought by some of our new initiatives in the oil and gas sector, creative arts sector, the newly rejigged steel and solid minerals sectors, our housing sector, the blue economy, and the digital sectors, to mention but a few.

“There is no doubt that there’s a time to plant and a time to reap. Between those times, we appeal for patience and seek collective sacrifice from all, especially from us. We wish there were a way to treat this ailment without surgery.

“His Excellency, President Bola Tinubu, chose the option that would save the life of the nation, instead of one that would merely prolong its imminent and predicted economic death. Before we took charge, the biggest elephant in the room was the question of fuel subsidy removal.

“We understood why our predecessor made the decision to remove it and refused to budget for it in their final fiscal year.

‘The year before we took office, Nigeria’s debt service-to-revenue ratio had grown to 111.8%. The anticipated debt crisis may sound like fancy economic jargon to the man on the street. But you and I are in a better position to understand how such miscalculations have played out in other countries. It’s an economic death sentence.

“In plain terms, our debt servicing was such that if you earned, say, N100,000, the entirety of the money wasn’t only paid to your debtor; you were forced to borrow an additional N11,800 to pay the debtor.

“How do you intend to survive this? And how many more loans before you become a pariah?

“We are not even discussing the nation’s budget deficits, diversions of resources from critical sectors of the economy, and corruption masterminded in the subsidy regime.”

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Metro

Morocco’s Mpox test gets African CDC endorsement

Published

6 hours ago

November 17, 2024

Ifeoluwa Dada

A major step forward in Africa’s response to the continuing epidemic was taken Thursday when the Africa Centres for Disease Control and Prevention (Africa CDC) revealed that it had endorsed Morocco’s locally created mpox test.

A “major milestone” for African public health systems, the new real-time PCR test can identify mpox pathogen DNA in tissue, saliva, and blood samples, improving the continent’s capacity to address new health risks.

The Africa CDC announced the clearance on X (previously Twitter), highlighting the validity and effectiveness of Morocco’s mpox test.

The support is in line with the African Union’s overarching goal of enhancing public health self-sufficiency in order to anticipate and effectively address disease risks.

This development follows three months ago when the Africa CDC declared the mpox epidemic to be a public health emergency.

Previously known as monkeypox, mpox is a disease that infects animals and people by intimate personal contact. Symptoms include fever, muscular pains, and characteristic skin lesions.

Alongside the CDC’s work, Abbott Molecular Inc.’s Alinity m MPXV assay, the first mpox diagnostic test, was authorised by the World Health Organisation (WHO) last month.

This diagnostic tool provides an additional means of monitoring and managing the virus by identifying mpox from swab samples.

Approximately 1,100 people have died and over 50,000 instances of mpox have been recorded throughout Africa this year, with Central Africa experiencing the highest number of cases and fatalities.

Metro

Mpox immunisation scarcity slows Kinshasa’s epidemic fight

Published

8 hours ago

November 17, 2024

Ifeoluwa Dada

A lack of mpox vaccine doses has prevented the Democratic Republic of the Congo from starting a campaign in the capital, Kinshasa, the response commander has confirmed. However, the number of cases nationwide is still rising, particularly among youngsters.

In mid-August, a new strain of pox started to spread from the Congo to neighbouring countries, prompting the WHO to declare a global health emergency. However, according to the Africa Centres for Disease Control and Prevention, donors have been hesitant to turn their pledges into cash and vaccines.

The head of operations for Congo’s mpox control program, Cris Kacita, stated on Tuesday that the country needed more than 162,000 doses of vaccine to start a vaccination campaign in the capital, but that 53,921 doses were still available for use in prisons, where inmates are at greater risk because of unsanitary conditions.

The capital, which is home to about 20 million people, has so far been less impacted than other parts of the nation. In six other provinces, vaccination campaigns are now underway.

Along with additional shipments from Germany and the African Union, France has committed to providing 100,000 doses.

He added the arrival of vaccines was also delayed by the administrative process, which includes sending an official request, manufacturing, creating documentation and gaining import authorisations.

“As long as we don’t have the necessary quantity, it’s going to be complicated to launch (vaccination) in the 14 health zones,” Kacita told Reuters, referring to areas of Kinshasa.

According to a health ministry study, from October 28 to November 2, 1,017 new suspected cases were registered nationwide in Congo, including 45 confirmed cases and 16 fatalities.

Since children are almost four times more likely than adults to die from the new strain of mpox, the charity Save the Children warned on Wednesday that targeted vaccines were necessary to halt the virus from spreading quickly among children.

“Children are especially vulnerable to mpox – they explore by touch and taste, don’t always understand health guidance, and have weaker immune systems than adults,” Katia Vieira de Moraes LaCasse from Save the Children said.

According to Africa CDC data, there have been over 42,000 suspected cases of Mpox in the continent, with 1,100 deaths reported so far this year.

The Mpox virus can spread from person to person via intimate contact and also from place to person through objects and surfaces that a person infected with Mpox has touched.