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Cape Verdeans lament high cost of living amid soaring inflation

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Citizens of Cape Verde island are feeling the effect of the Russian-Ukraine war as they lament the high cost of living with its attendant inflation that has continued to skyrocket.

According to statistic reports in the country, prices of goods increased by 0.7 percent in March and accumulated a rise of 7.1 percent compared to the same month of 2021, indicating the latest data from the Cape Verdean Instituto Nacional de Estatisticas (INE), an economic research institute run by the government.

“From corn to olive oil, rice, as well as fuel, bread, sugar, flour, and meat, are some of the products whose price rises Cape Verdeans consider exaggerated and call for intervention from the government and regulatory authorities,” the INE said on Tuesday.

“Many people are now hoping that the government will step in to stem the ever-increasing prices of food, petrol and other services in the country.

“Fuel prices rose by 5 percent in April, the maximum limit stipulated by the government, but have accumulated an average rise of 42.6 percent in the last year, as well as a rise of 7 percent since last January,” it added.

Some businessmen are calling on the state to control the prices of commodities entering the country to curb traders taking advantage of the situation.

“The rise in prices is worrying at all levels, especially for food products. We are aware of the international situation, but not everything is due to the international situation,” Lenine Mendes, a Cape Verdean businessman said.

“Often, producers and traders take advantage of crises to raise prices. We don’t have a law that limits prices, there is no supervision and control,” Mendes added.

While inflation is on the rise, Prime Minister Ulisses Correia e Silva, has ruled out the possibility of an increase in the national minimum wage due to the economic crisis.

“In a crisis situation, increasing the minimum wage would be transferring increased problems to the private sector, which may even affect existing jobs,” Correia e Silva said during a debate in the National Assembly, ahead of the escalating food and fuel prices caused by the war in Ukraine.

Currently, Cape Verde’s national minimum wage stands at 13,000 escudos (117 euros) in the private sector and 15,000 escudos (135 euros) in the civil service.

Metro

Conservationist, Kearns, names intolerance and digital media abuse as threats to media freedom

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Nsama Kearns, the Executive Director of Care for Nature, speaks on the indispensable role of a free media in society.

In a conversation with Zambia Monitor in Mansa, Luapula Province, Kearns underscored the importance of media freedoms, digital rights, and freedom of speech in enhancing good governance.

“Let me begin with the criticality of media freedom, especially for those of us involved in information dissemination through mass media, including social media,” she remarked.

While acknowledging the existence of media freedoms in Zambia, Kearns expressed concerns about the prevailing situation.

“Despite media freedoms in Zambia, as reported in the 2022 human rights report, there are instances where the government may display intolerance towards criticism, especially if perceived as politically motivated,” she observed.

Regarding freedom of speech, Kearns emphasized the necessity for individuals to express themselves without fear of reprisal.

“Whether communicating through written or oral means, individuals should be able to express themselves freely without intimidation or fear of repercussions,” she stressed.

Kearns highlighted the significance of freedom of expression in enabling civil society to address issues that might be inconvenient for the government.

“For instance, in Luapula Province, longstanding issues such as illegal mining and the Mukula tree trade, involving politically exposed persons, have been challenging to address,” she explained.

Despite challenges, Kearns noted the positive impact of digital media in driving social enterprise.

However, she also highlighted the prevalence of abuse, particularly targeting women, on social media platforms.

“While digital media presents opportunities for social entrepreneurship, individuals, especially women, often face abuse online, hindering their enjoyment of human rights,” Kearns lamented.

She called for the creation of safe spaces to empower individuals to report abuse to the Zambia Information Communication Authority (ZICTA) and address issues of digital media abuse and intolerance effectively.

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

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I saved Nigeria from bankruptcy by removing fuel subsidy— Tinubu

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Nigerian President, Bola Tinubu, on Sunday, boasted that he saved Nigeria from going bankrupt by removing fuel subsidy on his first day in office.

Tinubu had, in his inaugural speech on May 29, 2023, pronounced that his administration would discontinue fuel subsidy payments and though the ripple effect of the removal has brought untold hardship and hunger, the President has continued to praise his courage in taking that decisive action.

Tinubu who spoke at the Special World Economic Forum in Riyadh, Saudi Arabia, on Sunday, admitted that though the policy came with economic pains, it was in the best interest of Nigerians, affirming that the move has save the government money for infrastructural expansion.

While addressing his audience, Tinubu argued that removing the petrol subsidy was a necessary action for Nigeria not to go bankrupt and to reset the economy towards growth.

Tinubu said that the petrol subsidy removal equally engendered accountability, transparency and physical discipline for the country.

“Concerning the question of the subsidy removal, there is no doubt that it was a necessary action for my country not to go bankrupt, to reset the economy and pathway to growth,” Tinubu said.

“Yes, there have been drawbacks. Yes, there was the expectation that a greater number of people would feel the difficulty, but, of course, I believed it was their interest that was the focus of government.

“It is easier to manage and explain the difficulties, but along the line, there was a parallel arrangement to cushion the effect of the subsidy removal on the vulnerable population of the country.

“We shared the pain across the board. We cannot but include those who are very vulnerable. Luckily, we have a very vibrant youthful population interested in discoveries by themselves, highly ready for technology, good education, and committed to growth,” Tinubu explained.

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