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Nigerians languish in poverty as inflation rises unfettered under Tinubu

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Nigeria’s untamed inflation rates have become persistent nightmares for the citizens.

President Bola Ahmed Tinubu’s reign has been hellish for the masses in the last six months as hardship, Naira depreciation, and insecurity have put the nation on a precipice.

FIRS

Like other inflation rates in the last twelve months, December’s inflation increased to 28.92 per cent from 28.20 per cent in November, the highest in 27 years, according to the National Bureau of Statistics.

The country’s food inflation, which accounts for the bulk of Nigeria’s inflation basket, rose to 33.93 per cent in December from 32.84 per cent a month earlier.

The direct implication is the rising cost of living for Nigerians as more people’s purchasing power shrinks.

Despite this, President Bola Ahmed has consistently told Nigerians to press on and be patient. But, Nigerians have queried how long the waiting game will last.

While the President begged Nigerians for the patient, a mudu of rice has moved to N1,900 from N1,500, beans (red) to N1,300 from N800, 1.4-litre of groundnut oil to N3,200 from N2500, a loaf of bread N1200 from N700, egg to N3,200 from N2,700 for a crate, garri (eed) N800 from N500 a mudu.

Umar Nasiru, a 46-year-old family man in Abuja, said “President Tinubu’s ‘Patient’ will not take care of more than a 100 per cent hike in food items, accommodation, clothing, education fees, and other prices which have all hit the rooftop.”

“Enough of the political rhetoric of ‘I will do this, I will do that.’ Nigerians are dying of hunger daily; we need food prices to come down”, he stated.

According to the World Bank, in the five months of 2023, accelerating inflation pushed 24 million Nigerians into poverty.

The bank’s latest Nigeria Development Update report for December 2023 disclosed that: “Sluggish growth and rising inflation have increased poverty from 40 per cent in 2018 to 46 per cent in 2023, pushing an additional 24 million people below the national poverty line.”

In 2022, the National Bureau of Statistics, NBS, Multidimensional Poverty Index, MPI, said 63 per cent of persons living in Nigeria (133 million people) are multidimensionally poor.

The National MPI is 0.257, indicating that poor people in Nigeria experience just over one-quarter of all possible deprivations.

The Central Bank of Nigeria, the country’s apex bank, in its last monetary policy committee meeting in July 2023, raised interest rates to 18.75 per cent to stymie inflation.

Similarly, the CBN lifted restrictions on 43 items in October to reduce the pressure on the foreign exchange market.

Tinubu, in December last year, listed the provision of N25,000 monthly for three months to 15 million Nigerians and tax waivers as solutions to the citizens’ economic hardship.

In spite of the government’s policies to address the hardship Nigerians face, the challenges have remained unchanged.

Since June last year when the Tinubu administration introduced fuel subsidy removal and floated the Naira, the majority of Nigerians are yet to have a reprieve.

This is as the country’s total debt stock jumped to N87.91 trillion ($114.35 billion) in September 2023, according to the Debt Management Office.

Meanwhile, while Nigerians languished in economic hardship, the twin policies of fuel subsidy removal and naira devaluation have raked in more revenue for the government.

Revenue accruing to the federation account increased in the last half of 2023 due to the fuel subsidy removal.

SOURCE: DAILY POST NEWSPAPER


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BREAKING: Court Sentences Nnamdi Kanu to Life Imprisonment

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Justice James Omotosho of the Federal High Court in Abuja has sentenced Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), to life imprisonment, marking a major climax to a decade-long trial.

The judgment, delivered on Thursday, comes four years after Kanu was arrested in Kenya under controversial circumstances and returned to Nigeria to face terrorism charges.

Kanu was convicted on all seven counts bordering on terrorism, despite pleading not guilty throughout the trial.

The judgment was delivered in his absence after he insisted that the court would not deliver judgment in the case. His refusal to participate prompted Justice Omotosho to order security operatives to remove him from the courtroom over what the judge described as “unruly behaviour.”

FIRS

In his ruling, Justice Omotosho held that several of Kanu’s broadcasts on Radio Biafra amounted to acts of terrorism, noting that his rhetoric was intentionally violent and targeted at destabilizing the country.

He added that Kanu’s sit-at-home directives in the South-East constituted terrorism, describing the order as a violation of citizens’ constitutional right to freedom of movement.

The court further stated that evidence before it showed Kanu had carried out “preparatory acts of terrorism” through broadcasts in which he allegedly ordered attacks on police and military personnel.

Justice Omotosho concluded that Kanu committed acts of terrorism against the Federal Republic of Nigeria, warranting the sentence imposed.


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FG Seeks Death Penalty for Nnamdi Kanu After Terrorism Conviction

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Alleged Terrorism: Court set to deliver judgment on case against Nnamdi Kanu today
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The Federal Government has urged the Federal High Court in Abuja to impose the death penalty on Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), following his conviction on seven counts of terrorism on Thursday.

Justice James Omotosho delivered the judgment after ruling that the prosecution had proved its case beyond reasonable doubt, finding Kanu guilty on all seven charges.

Moments after the conviction, the Federal Government’s lead counsel, Adegboyega Awomolo, SAN, asked the court to apply the maximum punishment prescribed under the Terrorism Prevention (Amendment) Act, 2013.

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Awomolo told the court that several of the offences for which Kanu was found guilty carry a mandatory death sentence.

“My Lord, consequent upon the conviction, nothing further remains but the lawful imposition of sentence. The punishment prescribed for the offences in Counts One, Two, Four, Five and Six, pursuant to Section 12H of the Terrorism Prevention Amendment Act 2013, is death,” Awomolo said.

“With all sense of humility, I say as a prosecutor that this court has no discretion in that regard. The only sentence Your Lordship can impose for Counts One, Two, Four, Five and Six is death, because the law empowers you to do so, and we expect that you will.”

Sentencing is expected to follow after the court considers all submissions from both sides.

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BREAKING: Nnamdi Kanu Convicted on Terrorism Charges by Federal High Court

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Nnamdi Kanu Refuses to Enter Defence, Says “No Case” Exists Against Him
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Mazi Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has been convicted on terrorism charges filed against him by the Nigerian government. The verdict was delivered on Tuesday by a Federal High Court in Abuja, presided over by Justice James Omotosho.

Kanu, who had previously resisted the court proceedings and refused to participate in his defence, was found guilty on all counts. According to Justice Omotosho, the court had no choice but to rely on the evidence presented by the prosecution after Kanu declined to engage in his defence.

“As an Apostle of Jesus Christ, I begged Kanu passionately to enter his defence, but he obstinately refused,” Justice Omotosho said.

Key Convictions

  • Terrorism through broadcasts: Kanu was found guilty of inciting violence through broadcasts linked to IPOB activities.
  • International terrorism: The court ruled that Kanu qualifies as an international terrorist.
  • Sit-at-home orders in South-East Nigeria: He was convicted for enforcing sit-at-home directives that disrupted businesses and daily life across the South-East states.
  • Murder of Ahmed Gulak: The court linked Kanu and members of the Eastern Security Network (ESN) to the murder of the former politician in Imo State.
  • Leadership of a proscribed organisation: Kanu was also convicted for leading IPOB, which is officially listed as a terrorist organisation in Nigeria.

Justice Omotosho emphasized that Kanu’s refusal to enter a defence left the court with no alternative but to act on the incontrovertible evidence presented by the prosecution.

The court’s ruling marks a major development in Nigeria’s ongoing fight against terrorism and separatist agitation in the South-East.

FIRS

More updates to follow…


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Alleged Genocide: ‘Trump Is Serious, Not Making Empty Threats’ – Riley Moore Warns Nigerian Delegation

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Riley M. Moore
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A high-powered Nigerian government delegation led by National Security Adviser Nuhu Ribadu met with U.S. lawmakers on Wednesday amid escalating allegations of Christian persecution and genocide in Nigeria.

The visit comes after former U.S. President Donald Trump redesignated Nigeria as a Country of Particular Concern and ordered an investigation into claims that Christians are being targeted. The move followed comments by Nigeria’s Vice-President, Kashim Shettima, who recently backed a two-state solution to the Israel–Gaza conflict, triggering intensified scrutiny from U.S. political and religious groups.

Trump tasked several lawmakers, including Congressman Riley Moore, to lead the inquiry. Despite repeated attempts by the Nigerian government to counter what it describes as a false narrative, U.S. officials have continued to act on growing claims that Christian communities face systemic persecution.

Tensions escalated further on Tuesday when American rapper Nicki Minaj was invited to the United Nations to testify against Nigeria in a session organised with the backing of the U.S. Mission to the UN. Nigerian officials were barred from attending the hearing, prompting a strong protest.

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Nigeria’s Chargé d’Affaires to the UN, Syndoph Endoni, condemned the move, likening it to “shaving our head in our absence.”

Ribadu Meets U.S. Congressmen

On Wednesday, Ribadu and senior government officials met Congressman Moore in Washington, D.C., to present Nigeria’s position and address concerns surrounding insecurity and religious violence.

The delegation included Minister of State for Foreign Affairs Bianca Ojukwu, Inspector General of Police Kayode Egbetokun, Attorney-General Lateef Fagbemi, Chief of Defence Staff Gen. Olufemi Oluyede, Chief of Defence Intelligence Lt. Gen. E.A.P. Undiendeye, among other top security officials.

Moore confirmed the meeting on social media, describing the engagement as “open and constructive.” He said discussions focused on terrorism, security cooperation, and the protection of vulnerable communities across Nigeria.

“Today, I had a frank, honest, and productive discussion with senior members of the Nigerian government regarding the horrific violence and persecution Christians face and the ongoing threat terrorism poses across Nigeria,” Moore said.

He added that he had insisted the U.S. expects “tangible steps to ensure that Christians are not subject to violence, persecution, displacement, and death simply for believing in our Lord and Savior Jesus Christ.”

Moore said the United States is willing to deepen collaboration with Nigeria to combat Boko Haram, ISWAP, and violent extremist groups, especially in the Northeast and Middle Belt.

He issued a strong warning, emphasising that both Congress and Trump are aligned on holding Nigeria accountable:

“President Trump and Congress are united and serious in our resolve to end the violence against Christians and disrupt and destroy terrorist groups within Nigeria.”

As of Wednesday night, the Nigerian delegation had not released any public statement regarding the engagement.

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Judge Orders Nnamdi Kanu Out of Courtroom as Judgment Begins

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Alleged Terrorism: Court set to deliver judgment on case against Nnamdi Kanu today
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Justice James Omotosho of the Federal High Court in Abuja on Thursday ordered security operatives to forcibly remove detained IPOB leader, Nnamdi Kanu, from the courtroom after the proceedings were repeatedly disrupted.

The dramatic scene unfolded moments after Kanu insisted that the court could not proceed with delivering judgment in the terrorism charges filed against him by the Federal Government.

Kanu, who raised his voice several times, demanded that the judge show him the section of the law that barred him from submitting a final written address. His outbursts halted the proceedings, prompting Justice Omotosho to stand down the matter while security agents escorted him out.

FIRS

Before the disruption, Justice Omotosho had dismissed fresh applications filed by Kanu despite the case already being scheduled for judgment. According to the judge, the motions merely rehashed arguments previously raised and resolved in earlier rulings.

The court also rejected Kanu’s request to refer the matter to the Court of Appeal, citing Section 306 of the Administration of Criminal Justice Act (ACJA) 2015, which prohibits the stay of proceedings in criminal trials.

Additionally, Kanu’s bid for bail was turned down. Justice Omotosho, however, noted that some of the issues raised by the IPOB leader would be addressed during the final judgment.

The court has now commenced reading the judgment in the high-profile case.


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