Economy requires carefully planned policies

NIGERIANS have endured a month of rising adversity as President Bola Tinubu unleashed a barrage of shock measures. The naira crashed toover N800 to $1 midweek before settling to N775/$1 by weekend. Higher electricity tariffs are imminent; more multinational firms are heading for the exit door; inflation is reaching for the sky, and about 7.1 million more persons are forecast to plunge into extreme poverty. Beyond drastic decisions, Tinubu should adopt thorough planning, preparation, and fallback measures to avoid creating bigger problems than he set out to solve.

For an economy of over 200 million persons, 63.6 percent of whom are living in penury, Africa’s largest, disarticulated, often dysfunctional, driven largely by the informal sector, and built on weak, compromised institutions, drastic policies must be preceded by exhaustive planning. Additionally, there must be simultaneous programmes to raise state capacity, protect the most vulnerable, and manage the inevitable fallout.

Eid-el-Kabir: Tinubu prays at Dodan Barracks praying ground

President Bola Tinubu has joined other Nigerian Muslims to perform the Eid-el-Kabir prayers at the Dodan Barracks Praying Ground in Lagos.

The president was accompanied by Mr Nuhu Ribadu, National Security Adviser, Mr Femi Gbajabiamila, Chief of Staff to the President, Mr Babatunde Fashola, a former Lagos State Governor and other top government functionaries.

In his sermon, the Chief Imam of Lagos, Sheikh Suleiman Abu-Nolah, said that the festivity promotes a culture of sacrifice, unity and tolerance among the Muslim faithful.

He said, “Religion does not permit the practise of selfishness, intolerance or sectionalism.

Thugs Attack, Flog PDP Members At Ogun Tribunal Premises

....as  Security Agents Watch

The Ogun State Election Petition Tribunal sitting in Isabo, Abeokuta on Monday commenced hearing of the petition filed by the Peoples Democratic Party (PDP) governorship candidate, Ladi Adebutu, against Dapo Abiodun of the All Progressives Congress (APC).

Reports has it that both the APC and the PDP mobilised their members to be at the tribunal for solidarity.

However, political thugs stormed the venue of the tribunal with canes, otherwise known as pankere, attacking perceived opponents while police officers watched, the men of the DSS were however able to restore calm to the area.

Although the road leading to the court was barricaded at both ends by the police, it did not prevent the hoodlums from attacking their targets.

As the political thugs roamed about with canes in their hands, the police made no attempt to arrest or stop them from causing chaos.
A policeman said, “there is nothing we can do, we can’t arrest them. Everything about Ogun is always different.”

A PDP member, who was attacked by the thugs, said he lost his phone, money and other valuables in his possession while being beaten.

As of the time of filing this report, members of the PDP have fled the court premises to avoid further attacks.

DAILY POST reports that attacking opposition members at the tribunal has now become a dangerous trend in Ogun after every election.

SOURCE: DailyPost

Dapo Abiodun Plans to Toll Lagos/Ota/Abeokuta Roads

“I met with my counterpart, Sanwo-Olu and we decided that as a matter of urgency we need to take over some roads which include; Epe-Ijebu road, Ikorodu-Sagamu road and Lagos-Ota-Abeokuta road so as to reduce the population of the people passing the Lagos-Ibadan expressway.