News
Rising cost of living: Nigerians bemoan unbearable hardship under Tinubu govt

Nigerians face tougher days ahead as spiralling nationwide hunger resulting from untamed inflation, food insecurity and shrinking purchasing power worsen under the President Bola Ahmed Tinubu administration.
Tinubu’s economic team, namely the Minister of Finance, Olawale Edun, the Minister of Budget and National Planning, Atiku Bagudu, the Governor of Central Bank of Nigeria, Olayemi Cardoso, look overwhelmed by the country’s challenges, with current interventions yet to address the burgeoning hardship.
This is the situation in the last eight months as Nigerians suffer the hardship created by Tinubu’s policies of fuel subsidy removal and Naira floating at the foreign exchange market.
the Naira increased to N1,534.39 per US dollar at the FMDQ foreign market on Monday from N460.702, which it traded in May last year when President Tinubu took the oath of office.
This was further worsened with the removal of fuel subsidy, which saw the price of fuel rise to over N550 per litre from N238 in May 2023.
Also, the continued soaring inflation rate stood at 28.92 per cent in December, while food inflation increased to 33.93 per cent.
Consequently, since then, the daily increase in prices of foods, goods and services has been a common slogan in marketplaces in Nigeria, which is exacerbated by the fluctuation in the forex market in a country heavily dependent on imports.
It was gathered that prices of food items have skyrocketed above 100 per cent.
For instance, the price of a 50kg bag of rice increased to N65,000 from N35,000; beans rose to N1,600 per mudu from N800, 50kg bag of garri increased to N39,500 from 22,000; a carton of noodles super back size increased to N11,140 from N6,000, 25 litres of groundnut oil rose to N57,000 from N34,000, size 3 and 4 of 1kg pampers increased to N900 from N400, a crate of egg rose to N3,700 from N2,500, 50kg bag of sugar increased to N85,000 from N40,000, while 900g loaf of bread rose to N1,200 from N500; the list is endless.
Mrs Amina Jibrin, a small-scale trader in Dawaki, Abuja, said she may be forced to quit business because she no longer makes gains.
“Every day we go to the market, the prices of items always increase. We cannot afford to buy goods in the market.
“It will be as if you went to the market and misplaced your money. I may quit my business because I no longer make any money.
A Lagos resident, Mabel Rufus, lamented that the rising prices of food items was biting hard on her family.
“Fresh Tomatoes is a no-go area. In most places, onion is three for 300, for the little sizable one. Egg, a crate is almost N4,000, something in the range of N2000 a few months ago.
“The situation is affecting us seriously. Salary can no longer cater for food, let alone other needs. We are dying in this country under Tinubu”, she said.
The International Monetary Fund, IMF, in its recent report titled ‘Review of Nigeria’s Post Financing Assessment’ by the IMF Executive Board, warned that Nigeria is experiencing a deepening economic crisis amid the rising cost of living, amplifying the plights of the citizenry.
Little wonder, Nigerians protested in Minna, Niger State and Lokoja Kogi State recently against the rising cost of living a week ago.
However, as a quick action to deter the crisis, President Tinubu, five days ago, ordered the release of 102,000 metric tonnes of rice and maize to Nigerians.
Speaking on Monday, a renowned economist and former President and Chairman of the Council of Chartered Institute of Bankers, Prof Segun Ajibola, blamed the situation on the badly skewed structure of the Nigerian economy.
The economist said that beyond rhetoric, the economy managers should immediately drive import substitution strategies to address the Nigerian economy’s challenges.
“The genesis of the current spiral inflation rests in the badly skewed structure of the Nigerian economy. An economy that is monolithic and hangs its foreign exchange earnings on a primary gift of nature- oil, is susceptible to price instability as it may not have the buffer to mellow down prices, which are said to be sticky downwards.
“The insatiable appetite for imported consumables further compounds Nigeria’s situation. Basic needs such as food, medicine, raw materials, and spares are largely imported. The local currency, the Naira, depreciates rapidly for the reasons mentioned. All these put pressure on local prices daily.
“Beyond rhetoric, the managers of the economy should drive import substitution strategies effectively. The idea of devoting much attention to sharing the available foreign exchange among contending users amid the local currency’s dwindling fortunes can only worsen matters.
“The slogan: produce what you consume, consume what you produce should graduate from paper slogan to practicality. The list of importable items to Nigeria is unwinding and needs to be tamed. India, China, Malaysia, etc, have done it successfully recently.
“In the long run, the economy needs to be restructured via diversification. Agriculture needs total overhauling to ensure food security; a new industrial policy is long overdue, while new technological innovations should be introduced to redefine all segments of the national economy.
“In all these, infractions, economic sabotage, and rent-seeking syndrome should be chased out of this fledgling national economy.
“Where caught, heavy sanctions should be applied on the offending individuals and corporate bodies”.
On his part, the CEO of SD & D Capital Management, Mr Idakolo Gbolade, said the government must consider a price-fixing policy for some food items and monitor excessive profit by traders.
He noted that the country should look inwards in the long run and ensure the agricultural revolution plan is tailored towards self-sufficiency.
He added that staple food items such as rice, beans, and millet imports should be banned.
“The rising cost of food items can be attributed to the continued depreciation of the Naira. The US dollars are exchanged on the Nigeria customs portal for $1 – N1,380; the official rate is close to that. On the black market, it is exchanged for $1- N1,470.
“The cost of food prices is directly proportional to the strength of the Naira, and most government policies are taking too long to be formulated.
“The government had directed the release of 102 million Metric tonnes of grains from the strategic grains reserve, but that measure is not enough to bring down food prices.
“The government needs to immediately implement a price-fixing policy for some food items and monitor excessive profit by traders.
“In the long run, we must look inward and ensure the agricultural revolution plan of the government is tailored towards self-sufficiency, while major staples like rice, beans, millet, etc, should be banned from being imported into the country to strengthen local production and eventual export.
“The economy needs to be diversified from being import-dependent to export-oriented to make the country recover the lost opportunities over the years”, he said.
News
Nigeria: There’s Fire on the Mountain, and no one is a runnin’
It is sad that foreign armed groups are able to overrun the nations’ security apparatus not minding the mind bugling amount of funds voted every year in the nation’s budget on security.

By John Segun Odeyemi
Image credit: Burnt Community in Benue
Until now, I have refrained from writing commentaries about the political landscape of our country, Nigeria.
I have become disenchanted with the downward spiral of the absurdities that have become common place within the political space.
Within the last few days, I have read several articles on the killings in Plateau, Nasarawa and Benue States, and I am convinced to add my voice to the outcry of government’s inability to act proactively in securing the safety of Nigerians from marauding and murdering Fulani insurgents, Boko Haram terrorists and the incessant and now common place kidnapping for ransom.
Anywhere in the world, the first duty of any government is to secure the safety of its citizens in and outside of the country.
It is clear that the government of President Ahmed Bola Tinubu is either incapable or unwilling to tackle the continuous decimation and subjugation of our people.
In most other climes that claim democratic principles, those in leadership should have resigned from office.
Not in Nigeria! Here we glorify ineffectiveness and inefficiencies.
In the epic 2008 song titled, “There is Fire on the Mountain,” by the Nigerian musician who goes by the name Asa, she makes the claim even though this fire is raging, surprisingly, no one is running.
I find two corollaries, one in an old English idiom, and the other in traditional Yoruba oral tradition; for the English, “The proverbial ostrich that buries its head in the sand.
And the Yoruba wisdom, “No one lights a torch and leaves it burning around a thatched roof.”
In both instances, the culprit is inertia or the lack of desire to act in preventing a disaster.
Either of which does not describe, even at the minimal level, a people willing to act fundamentally from a place of common sense!
Unfortunately, when I see the shenanigans, politicians have reduced my country to, I can only conclude we have politicians who have knowingly set a fire to the country.
And we have a citizen who see the fire and refuse to run.Human life is sacred and each individual’s life should be protected.
Sadly, the entire nation seems inured to a culture of bloodletting, savagery and the disposal of human life.
Our social media space is diffused with gory videos and pictures of unthinkable scenes of inhumane accounts of man’s inhumanity and cruelty to other humans.
Anywhere in the world, the first duty of any government is to secure the safety of its citizens in and outside of the country.
More specifically, of brigandry to defenseless communities.
A situation where aggressors over run entire communities, displace the communities and inhabit their homes without re-adjudication or lawful intervention by constituted authority and, or state intervention.
I continue to hear of “insecurity” in the nation when in reality, what we have is the invasion of our sovereignty as a nation.
It is sad that foreign armed groups are able to overrun the nations’ security apparatus not minding the mind bugling amount of funds voted every year in the nation’s budget on security.
One is forced to question the usefulness and functionality of government sponsored and funded state security agencies.
One cannot but wonder why insurgents are better equipped than the nation’s army in arms and intelligence gathering?
Who are the invested players who supply them with arms and ammunition?
How can bandits become so powerful as to brazenly over run our country’s army encampment, capture Nigerian soldiers, take their armored cars and weapons and put all of this on social media?
There are multiple narratives circulating and making the rounds especially on social media.
Unfortunately, there is no way of verifying the authenticity of some of these claims.
Some shadowy entities trace the incessant bloody and extremely violent attacks on a bid, either for the Islamization of the country or Jihad aimed at a land grab in favor of all shades of Fulanis from the Sahel.
Some even make the claim that it is both issues morphed into one.
I find some plausibility at least in the Fulani bid to find a home in Nigeria.
The current governor of Borno state made that claim on national TV. When asked if the Fulanis coming from outside Nigeria are Nigerians.
He blatantly said “Yes.” Immediately, when I encounter political impropriety and lack of diplomacy at this level, my mind goes into a default.
I try to find a matching partner for buffoonery; in this instance, I thought his less- cellency should be sent to Donald Trump’s school of diplomacy and should not be allowed to return without a doctorate.
For far too long, we have behaved like the ostrich, unable to confront, nationally, the real issues we need to confront; our federalism vis-à-vis regionalism, state policing, our current constitution, our so called “democracy”, and the relationship between the North and the rest of the country.
I believe there is enough land and space in the North to accommodate kith and kin from other climes to settle and graze their cattle up north.
Ranching versus grazing and any other animal husbandry is fine as long as your business does not disrupt mine.
But we all know that grazing is intentionally done to destroy people’s hard work on their farms.
We all know it, but we are looking the other way and mumbling the fool’s mantra, “It is well!”
It is not well, and there is no way it will be well, if some psychotic, marauding murderers, rapists, and demented drug addicts are allowed to kill innocent citizens of our country.
We can no longer be silent if we are human and sane.
If the corridors of power are playing politics with our fellow citizens’ property, security and lives, we have a moral obligation to rise up in holy and righteous anger to stump on evil.
Just last week, we witnessed in the United States, how an entire country came out en-masse to protest what was perceived as oligarchy, an affront on the idea of American democracy, which was tagged “No King.”
Why are we unable to hold our politicians accountable? Why is it that it seems we do not understand that they work for us (even though they steal from us all the time!)
If we do not force a change by our action as citizens, knowing that our so-called politicians are only interested in their own welfare; we must then ask ourselves the mother of all questions… pardon me to borrow from Asa again; “…
One day, the river will overflow and there will be nowhere for us to go.
And we will run, run, wishing we had put out the fire.”
When all has been said, we need to all agree as Nigerians, that these killings are too much! If you do not feel this empathy, then know you are a part of the killing spree.
Those who nurture this theater of war are not interested in building a nation or having a viable ecumenical union among religions in our country. it is all about disorder so they can continue to steal and enrich themselves; “… the more you see, the less you understand, Abracadabra!” If we keep quiet, they continue to eat away at the innards of our country and the rest of us, shall be unaware of what our infestation is coming from?
From within, they will polarize our peoples, dislocate the unity of our communities.
From our jaded communities, we help spew hate and hate and more hate. This in turn corrodes our ability to build a unified front.
Our politicians place their lighted touch under a thatched roof and go to bed on their watch.
When the fire starts, where are we going to run? We can douse the fire now if we imagine the conflagration that a burning Nigeria will look like.
∆ John Segun Odeyemi, is a Catholic Priest and assistant professor of Systematic theology at the Institute for Black Catholic Studies, Xavier University of Louisiana.
Crime
Kaduna Police Command reveals identity of man in Tinubu’s recent near attack (Video)

The Kaduna State Police Command has revealed the identity of the man who caused panic after charging towards President Bola Tinubu during his visit to the state.
According to the police, the suspect has been identified as Umar Mohammed, a resident of Anguwan Muazu in Kaduna.
The incident happened during the commissioning of a 300-bed specialist hospital in Millennium City.
As President Tinubu was addressing the audience, Mohammed suddenly broke through the crowd and rushed toward him, triggering a swift response from security operatives.
The moment left Tinubu visibly shocked, as seen in a widely shared video showing his startled reaction and the confusion among his security team.
Police later disclosed that the man has a mental health condition he has lived with since birth.
They described his actions as unplanned and driven by excitement, adding that he was unarmed and posed no real threat after being restrained.
Despite the scare, the event continued as planned.
Governor Uba Sani led the inauguration of the hospital, which is expected to boost healthcare access in Kaduna.
Video credit: TVC (Twitter)
News
Hardship: Govs Agree to Dismantle Illegal Road Blocks, Multiple Taxes
The communique was signed by NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq.

Governors of the 36 states of the federation have agreed to dismantle illegal road blocks and multiple taxes across the country.
They made the resolution after a meeting of the Nigeria Governors’ Forum (NGF) in Abuja, which ended early Thursday.
The governor of Lagos State, Babajide Sanwo-Olu, who read the communique at the end of the meeting, said that the governors resolved to dismantle illegal road blocks and multiple taxes, which they said contributed to food inflation in the country.
The communique was signed by NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq.
(ThisDay)
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