Guardian Newspaper Headlines Today Sunday 7th July 2024
Top Nigeria news Dailies Update from Guardian Newspaper Headlines Today
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Nigeria committed to successful launch of ECO – Edun
Nigeria remains committed to a successful launch of the Economic Community of West African States (ECOWAS) single currency known as the ECO. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Friday reaffirmed Nigeria’s commitment in a statement signed by the ministry’s spokesman, Mohammed Manga. Manga said Edun spoke on Thursday when he hosted a virtual high-level committee meeting at the finance headquarters in Abuja to discuss the practical arrangements for introducing the ECO. READ ALSO: FG paid $700m for debt servicing, Edun tells Senate “HM Edun emphasised the importance of the ECO in fostering economic
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82 million Nigerians may go hungry by 2030 – UN
The United Nations (UN) has warned that 82 million Nigerians may go hungry by 2030 as a result of the food crisis in the country. The UN, in its report, said this will be about 64 per cent of Nigeria’s population, urging the Federal Government (FG) to take urgent steps against climate change, pest infestations, and other threats to agricultural productivity. The United Nations prediction and warning come amid an astronomical increase in the prices of food items in Nigeria, with a bag of rice selling for much more than the minimum wage. READ ALSO: Nigeria loses N3tr yearly to
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Fresh oil spill rattles Rivers community
A fresh oil spill has occurred in Bodo City in Gokana Local Government Area (Ogoni) of Rivers State. It was gathered that the spill, which occurred on Thursday, July 4, around 12:45am in the Sugi area of Bodo community very close to where multiple oil spills had occurred in recent times on the Trans-Niger Pipeline (TNP) operated by Shell Petroleum Development Company of Nigeria (SPDC) Limited was caused by equipment failure. A resident of the community, whose home is located very close to the spill site, said a loud blast was heard around 12:45am. Confirming the incident, a community-based
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Shettima urges shift to non-oil sector to unlock nation’s potential
Tasks Investors To Explore Manufacturing, Agriculture, Digital Innovation Vice President Kashim Shettima on Friday made a strong call for a shift from dependence on oil to other critical sectors to boost the investment climate and attract returns to Nigeria’s economy. He consequently identified agriculture, manufacturing, renewable energy and digital innovation, among others, as sectors that could unlock the nation’s potential. The Vice President, who spoke during the Existing Foreign Direct Investors Roundtable at the Banquet Hall of the Presidential Villa, Abuja, said these sectors align with the nation’s development priorities outlined in the Economic Recovery and Growth Plan (ERGP). He
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Halt appointment racketeering in MDAs, group urges Tinubu, lawmakers
President Bola Ahmed Tinubu has been called upon to address the alleged appointments racketeering in Ministries, Departments and Agencies (MDAs) of the Federal Government. The Middle Belt Youth Association, which made the call at a press conference in Abuja on Friday, also called on the National Assembly to find a solution to the unwholesome act. The leader of the group, Dr. Michael Ahundu, accused government functionaries with contacts in the Presidential Villa of masterminding the act to satisfy their selfish interests. The group particularly drew the attention of the authorities to the Ministries of Commerce, Defence and Solid
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Troops kill 177 terrorists, arrest 263 in one week
158 Kidnap Victims Rescued Few days after many innocent Nigerians lost their lives to serial suicide bombings in Gwoza, Borno State, the military high command has sent 177 terrorists to their graves, arresting 263 of them in one week. Spokesman of the Defence Media Operations (DMO), Major General Edward Buba, who made the disclosure, noted that the military was combating terrorism and other forms of insecurity across the operational theatres in the country. According to him, their role in the ongoing war was clear, adding that they were increasingly making progress. “During the week under review, troops neutralised 177
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Inequality is democracy’s enemy, suffocates hope in Africa – Walker
The President of Ford Foundation, Darren Walker, has said that inequality is the enemy of democracy as it asphyxiates hope, the oxygen of democracy. He, therefore, maintained that full, peaceful, participatory democracy is indeed the great equaliser. Walker noted that participatory democracy not only empowers citizens to create a society that is more inclusive and just, but also holds the power to create prosperity for more people, drive investor confidence and increasing economic stability. He, therefore, called on the people of West Africa to reaffirm their commitment to the principles of peaceful and participatory democracy which centres the voices of
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NLC demands immediate reversal of new electricity tariff hike
The Nigeria Labour Congress (NLC) has called for an immediate reversal of the new tariff hike by electricity Distribution Companies (DisCOs), saying it would do further damage to the economy. A statement on Friday by the NLC President, Joe Ajaero, said the hike in tariff by the DisCos from N206.80 to N209.5 (with effect from July 1) for band ‘A’ customers represented the height of impunity and arrogance and would certainly put more companies out of business, as well as create more difficulties for consumers. He said the increment has come on the heels of unresolved disputes
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‘Address insecurity, logistic challenges to curb skyrocketing food inflation’
A lecturer at the Department of Agricultural, Food and Resource Economics, Michigan State University, United States of America, Prof. Saweda Onipede Liverpool-Tasie has called on the government to take drastic steps to tackle insecurity, logistic challenges and post harvest losses of farm produce to address the skyrocketing food inflation in Nigeria. Food inflation in Nigeria as at May 2024 was put 40.66 per cent. Liverpool-Tasie, who is the lead Principal Investigator on a multi-million dollar project, Research Supporting African MSMEs to Provide Safe and Nutritious Food (RSM2SNF) in Nigeria and Tanzania, lamented the high cost of food items. The scholar,
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IPPG hails FG, says AEB will aid energy project financing, infrastructure devt
The Independent Petroleum Producers Group (IPPG) has congratulated the Federal Government on Nigeria being selected as the host of the Headquarters of the African Energy Bank (AEB). According to the IPPG, the honour highlights Nigeria’s leadership and a strong commitment to advancing Africa’s energy goals, saying this landmark achievement also underscores Nigeria’s leading role over the years in fostering regional integration and progress. According to the Chairman, IPPG, Abdulrazaq Isa, not only is this decision to host the Headquarters of the AEB in the country a further acknowledgment of Nigeria’s position as the continent’s leading hydrocarbon resource holder
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