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‘Nigerians living in scary times under Tinubu, APC’— PDP

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Nigeria’s major opposition party, the Peoples Democratic Party (PDP), has, once again, lampooned the ruling All Progressives Congress (APC) over the hardship, hunger and economic challenges the country is facing under its watch.

The National Publicity Secretary of the PDP, Debo Ologunagba, who raised the alarm on Tuesday, said the living conditions of Nigerians under the administration of President Bola Ahmed Tinubu is so poor that Nigerians are currently living in “scary times” in the country.

Ologbondiyan who was a guest on a television programme, blamed President Tinubu and his economic policies for the worsening living conditions of Nigerians.

The PDP spokesman said in the past nine years that APC has been in power, it has displayed arrogance in failure and a tendency to purely pursue individual interests.

“What we have said several times over the years are coming to fruition, that the APC is not a political party; it’s a special-purpose vehicle, and a conglomeration of individuals who came together to pursue their individual personal gains,” Ologbondiyan said.

“Therefore, they have no mission, they have no vision, they have no policies or programmes. And that’s why we’ve found ourselves where we are now.

“Actually, the greatest thing for any leader is to be humble enough to admit errors. But what we’ve found over the years, in the last nine years now, is seeing APC displaying arrogance in failure.

“Rather than listen to other people, they are pretending to know it all; the insensitivity that ‘we can do it’ and that what other people are saying does not matter.

“Nigerians are in scary times under this government and everybody is affected both the people in government and the ordinary man on the street,” he stated.

The PDP image maker also blamed the APC government and Tinubu for his hurried decisions to remove fuel subsidy and float the naira which had led to “high inflation, low productivity, business collapse, job losses, poverty, hunger, insecurity and hopelessness in the country.”

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Chipata youth calls for stronger media protections amid concerns over media independence

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Alepha Banda, a programmes officer at the Youth Development Foundation (YDF), says Zambia’s existing laws do not adequately safeguard journalists, thereby impeding media freedoms and their ability to report objectively.

Banda also argued that journalists’ lack of economic stability makes them susceptible to manipulation.

In an interview with Zambia Monitor in the Eastern Province, Banda stated the need for the government to develop policies aimed at protecting private media entities and journalists.

“The government should formulate a policy that will protect the private media and journalists,” he said.

Moreover, Banda pointed out that although individuals theoretically possess the freedom to express themselves, this liberty was frequently curtailed by factors such as fear and threats emanating from certain members of the political class.

“Individuals in positions of power have a tendency to interfere with the media, as evidenced by numerous incidents where media outlets have been stormed by individuals affiliated with certain political factions,” he said.

Nevertheless, he noted that there had been instances where the government respected media freedoms.

“At least we have seen some tolerance in some instances, where the government has not taken action that hinders media freedom,” he stated.

Additionally, Banda mentioned that the marginalised were often overlooked both in new media platforms and traditional mainstream media outlets.

“The marginalised are often neglected across television, radio, and newspapers,” he said.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

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Nigeria may need to raise supplementary budget to be able pay minimum wage— IMF

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The International Monetary Fund (IMF) says the Nigerian government may need to raise a supplementary budget to be able to pay the proposed minimum wage increase for workers.

The IMF which gave the advise in its latest staff country report for Nigeria on Monday, said a supplementary budget was necessary because the negotiated amount for the wage increase may surpass the budgeted amount in the original 2024 budget.

“The authorities noted that a supplementary budget may be needed to accommodate the outcome of the ongoing wage structure negotiations which may exceed what they had included in the 2024 budget,” the report said.

“Staff projects a higher fiscal deficit than anticipated in the 2024 budget, but broadly unchanged from 2023. The drivers are lower oil/gas revenue projections, reflecting IMF oil price forecasts but incorporating recent production gains; higher implicit fuel and electricity subsidies; continued suspension of excise measures included in the MTEF; and higher interest costs,” the agency noted.

The report also noted that the government might need to raise the domestic and external borrowing ceilings to prevent fresh borrowings from the apex bank’s Ways and Means.

“Over the medium-term, staff projects consolidation in the non-oil primary deficit. With rising interest costs, government debt stabilises towards the end of the projection period.

“Staff factors in an under-execution of capital expenditure in line with past outcomes and estimates an FGN deficit of 4.5 per cent of GDP relative to the 2024 budget target of 3.4 per cent of GDP.

“For the consolidated government, this implies a projected deficit of 4.7 per cent of GDP in 2024—compared to 4.8 per cent of GDP in 2023 measured from the financing side—which is appropriate given the large social needs and factoring in a realistic pace of revenue mobilisation.

“Based on staff’s projections, the authorities must raise the domestic and external borrowing ceilings to prevent renewed recourse to CBN financing.

“With higher interest rates, banks and nonbanks should have sufficient appetite—as indicated by market sources—conditional on careful management of system liquidity, including a likely reduction in the currently high cash reserve requirement.”

Organised labour in the country has continued to clamour for an increase in the minimum wage for government workers.

Labour leaders have demanded for N615,000 from N30,000 as salaries for lowest ranked workers, while a tripartite committee set up by the government have mulled N70,000 as the new minimum wage.

Despite the government allocating N6.48tn for personnel cost in the 2024 budget, the international lender argues that the amount may be insufficient, which could force the government to come up with a supplementary budget to fund the deficit, the report added.

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