News
The Weakening Naira; Tinubu’s Criticism.
Naira Weakens, Tinubu Criticism.
A Tail of a Bloated Capacity.
Naira Weakens to N995/$ Amidst Economic Concerns: Tinubu Faces Criticism
By Peretengboro
September 23, 2023.
Abuja, Nigeria – The Nigerian Naira has taken a significant hit in the foreign exchange market, weakening to a concerning rate of N995 against the US dollar. This depreciation in the value of the Naira has sent shockwaves through the Nigerian economy, prompting criticism, concerns, and even an unusual promise of an award.
The sharp devaluation of the Naira is being attributed to a combination of economic factors and uncertainties. Nigeria, like many other countries, has grappled with economic challenges in recent years, including inflation, fiscal deficits, and the global impact of the COVID-19 pandemic. However, one name has been prominently associated with this recent decline – Bola Ahmed Tinubu.
Tinubu, a self-acclaimed economist, prominent politician, former governor of Lagos State and President of the Federal Republic of Nigeria, has been widely criticized for his role in the country’s economic management. Critics argue that his policies, or lack thereof, have contributed to the deteriorating economic conditions. They cite a lack of clear economic strategies and leadership as key factors behind the Naira’s freefall.
In a surprising turn of events, a group known as the “Naira Watchers” has promised to award Tinubu should the Naira reach the symbolic threshold of N1000/$. The group, composed of economists, financial analysts, and concerned citizens, has been closely monitoring the Naira’s performance and believes that such an award could serve as a wake-up call for Tinubu to address the economic challenges facing the nation.
The promise of an award has sparked a heated debate in the Nigerian political and economic arena. Supporters of Tinubu argue that the economic challenges facing the country are not his responsibility and that broader economic factors are at play. However, his critics insist that as the first successful businessman to become President of the country, much was expected him and hence, he should bear the bulk of the responsibility.
Economic experts are calling for urgent measures to stabilize the Naira and restore confidence in the economy. They emphasize the need for a comprehensive economic plan that addresses inflation, trade imbalances, and fiscal discipline. It remains to be seen whether President Tinubu will respond to these calls with concrete policies and actions.
In the coming weeks, all eyes will be on the Naira’s performance in the foreign exchange market. As it approaches an All-time height of N1000/$ mark, the debate over its causes and potential solutions will continue to dominate TV and print news headlines. Nigeria’s economic future hangs in the balance, and the nation awaits decisive action to address its economic challenges.
By Favour Bibaikefie
At Enekorogha Grammar School in Burutu Local Government Area of Delta State, Nigeria-an oil-rich state known for federal wealth-the condition education paints a deeply disturbing picture.
Students at school secondary school were recently captured writing their second-term exams while seated on the bare floor. Some leaned against broken concrete blocks-no desks, no chairs, and no proper classrooms in sight. Teachers also struggle without offices or basic teaching tools, working unde appalling conditions.
Founded in the early 1980s, the school has barely received any attention from the government since it’s establishment. Instead of being maintained or upgraded, most of its current structures were either community-built or donated by concerned individuals. The school lacks perimeter fencing, which leaves students and teachers vulnerable, while reptiles roam freely around the premises.
When journalists sought a reaction from the Delta State Commissioner for Basic and Secondary Education, she refused to comment-even when approached in her office-raising serious concerns about the state government’s accountability.
According to Mr. Peter Ganagana, the Chairman of the Enekorogha Education committee, the Delta State government has never contributed a single building to the school. “The only six-classroom bock was built by a private individual,” he explained. “Other parts were put together by the community with little resources. Yet, over 80% of our students don’t have desks to sit on.”
Despite now having a students population of over 350, the school one has six government appointed teachers and one principal. To make up for the shortfall, local residents pay stipends to volunteer teachers who are helping to keep Education going in the face of government abandonment.
“The students are writing their second-term exams now” Mr. Ganagana noted, “and many are doing so sitting on the floor. The only desks in the school were donated by a kind old student-just 50 in total. That’s all we have.”
Multiple appeals and complaints have been sent to both the Post-primary Education Board and the Ministry of Education, but so far, there has been no meaningful response. Officials have visited for inspection, but their words have led to no real change.
The buildings themselves are in a dangerous state-ceilings are falling in, roofs have been blown off, windows and doors are missing, and some classrooms can no longer be used at all. That such a learning environment exists in a state with massive federal allocations and oil revenue is nothing short of disgraceful.
Attempts to contact the principal were unsuccessful, as his phone remained switched off. Teachers also declined to comment, citing restrictions on speaking to the press.
This situation is a devastating indictment of the Delta State Governor and government’s priorities. In a state blessed with immense natural wealth, children who eager to learn are being denied even the most basic conditions for education. It is not only a betrayal of their rights- it is a failure of leadership.
The silence from the officials, especially from those tasked with overseeing Education, is both telling and unacceptable. The government must act urgently. The lives and future of these students should not continue to be disregarded because of negligence and bureaucratic indifference.
Source: Golden Nation Multimedia
News
28,000bpd Ogidigben Oilfield Shutdown by Itsekiri Youth, Under PINL Not Tantita’s Coverage – Tompolo
By Divine Perezide
High Chief (Dr.) Government Ekpemupolo, popularly known as Tompolo, has disassociated his company, Tantita Security Services Nigeria Limited, from the recent protest and shutdown of an oil facility in Warri, Delta State.
Speaking through his media aide, Dr. Paul Bebenimibo PhD., Tompolo clarified that the affected oil field, located in Ugborodo, Warri South-West Local Government Area, does not fall within Tantita’s jurisdiction. He stressed that the facility is under the protection of another security firm, Pipeline Infrastructure Nigeria Limited (PINL), which is owned by the Olu of Warri.
“It is not only Tantita that is doing the security job. The Olu of Itsekiri’s company, Pipeline Infrastructure Nigeria Limited, is also covering that area,” Bebenimibo explained. He further stated, “The Ogidigben oil field is not under our watch but under Pipeline Infrastructure Nigeria Limited (PINL), a firm linked to the Olu of Itsekiri.”
The facility, currently operated by Renaissance Africa Energy Holdings following its acquisition from Shell, reportedly produces around 28,000 barrels of oil per day. It was shut down on Wednesday by aggrieved members of the Itsekiri community. The protesters, who carried placards, voiced their dissatisfaction over alleged marginalisation in ward delineation by the Independent National Electoral Commission (INEC).
In response to the incident, Bebenimibo emphasized that the protest and the shutdown had no connection to Tompolo or Tantita. “Nobody dares Tantita. The issue has nothing to do with Tantita and Tompolo,” he stated firmly.
The protest remained peaceful, but it successfully brought operations at the facility to a standstill, underlining ongoing tensions related to political representation in the region.
News
“Peace is the Panacea for Development” Dr. Takeme Said as He Inaugurates Burutu Peace and Advocacy Committee
By Favour Bibaikefie
In a bid to strengthen harmony and peaceful coexistence within Burutu Local Government Area of Delta State, Council Chairman Dr. Julius Takeme on Tuesday formally inaugurated a 23-member Peace Building and Advocacy Committee.
The inauguration ceremony, held at the council secretariat in Burutu, marked a significant step toward fulfilling the chairman’s campaign promises, particularly on conflict resolution and community engagement. The committee, chaired by retired Justice J.F. Daubry, comprises individuals described by Dr. Takeme as “men and women of integrity,” selected for their reputation and dedication to peaceful service.
Speaking at the event, Dr. Takeme outlined the committee’s core responsibilities, which include mediating disputes among individuals, groups, and communities to maintain the prevailing peace in the area. “Your responsibility includes the amicable settlement of disputes between individuals, groups and communities. Please, do your very best to meditate diligently,” he said.
Chief Fidelis Tubotu was appointed Secretary of the committee, while members include Apostle Godsflag Agboun, Chief October Kuro-Ogu, Gen. Brodrick Demeyeibo, Chief Elimina Namah Eselemo, Chief James Nicketen, Barr. B.D. Ekpese, Barr. Torugbene Oloye, Chief Patrick Fufeyin, Chief Gabriel Benede, Chief Lucky Yoweibo, and Dr. (Mrs.) Jennet Abdullahi.
Additional members are Chief Dauyeibo Kitua, Chief Apiakise Apiakise Coleman, Barr. Isa Clark, Hon. Gift Gomeromo, Prince Peter Numa, Chief Torololo Love, Chief Clement Kęmetimibibo, Chief (Mrs.) Ter Okpe, Chief Pukon Samson Eles, Chief Douglas T.M.O, and Chief Fidelis Tubotu.
Dr. Takeme reiterated his administration’s intention to mirror Governor Sheriff Oborevwori’s “More Agenda” through proactive peace initiatives and conflict resolution efforts. “We promised to replicate Gov. Oborevwori’s More Agenda in Burutu, and one of our targets is to resolve as many lingering inter and intra-communal disputes. We believe in your individual and collective capabilities to help this government deliver on this promise,” he said.
He further noted, “We want to make Burutu a reflection of Oborevwori’s good governance that has rendered even the main opposition parties speechless.”
The council chairman encouraged committee members to remain upright and committed, emphasizing the importance of including the local chapter of the Christian Association of Nigeria (CAN) in their peacebuilding activities. According to him, “CAN is pivotal to peace building.”
In his response on behalf of the committee, Justice Daubry expressed gratitude for the trust placed in them and pledged their unwavering commitment. “We will not disappoint the council,” he assured.
The event was attended by council executive members including Vice Chairman Chief (Mrs.) Georgina Evah; Supervisor for Education, Hon. Okpako Doctor; Supervisor for Agriculture, Hon. Immaculate Birialade; Supervisor for Environment, Hon. Godwin Oro; and Supervisor for Works, Hon. Pudigha Biakpara. Traditional rulers from various communities across the local government were also present, further highlighting the importance of the initiative.