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Rising inflation pushes more Nigerians into poverty under Tinubu govt

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Nigeria’s rising inflation continues to bite harder, pushing more citizens into poverty as the cost of living and purchasing power shrink under President Bola Ahmed Tinubu’s administration.

This is as headline inflation increased 24 times in two years to 27.33 per cent in October, propelled by food inflation, which soared to 31.52 per cent in October 2023 from 30.64 per cent in September 2023.

Food items, accommodation, clothing, electricity, education fees and other prices have all hit the rooftop.

The Central Bank of Nigeria, CBN, quickly insisted that its recent monetary policy has started yielding results despite not holding the Monetary Policy Committee’s meeting since September.

But, a recent market survey showed that food prices have recently skyrocketed by at least 20 per cent.

For instance, a mudu of rice had moved to N1,700 from N1,500, beans (Red) to N1100 from N800, 1.4-litre of groundnut oil to N3,000 from N2500, a loaf of bread N1100 from N700, eggs to N3000 from N2700 for a crate, garri (Red) N700 from N500 a mudu.

Chinedu Odah, an Abuja resident explaining the impact of inflation on him, said, “Through the past months, I have been on a daily survival mode because of hikes in the price of goods and services.

“At the same time, there is also an upsurge in the cost of education, so I am not only struggling to cater to feed my family but I am also met with the battle to keep them in their various schools regardless of the increment.

“So, truthfully, I derive my strength from a saying: when it gets overwhelming, remember God is too big to owe you.

“Huge sacrifices are being made on my end, given my position and responsibility in the home, just to try and keep up with the running costs.

“Months back, we budgeted and spent N10,000 to provide basic needs for the family in a week. Currently, N20,000 is barely enough to cover the same costs.

“Months ago, I spent N1,000 for daily transportation to work in the Central Area and back home. Currently, I spend N2,500 from my house to the same Central Area and back home.”

Odah is not alone, Amina Zakaria, a resident of Kaduna, said her household is living from hand-to-mouth due to the hike in food prices.

“We no longer eat three square meals, sometimes one, at other times it is two, walahi Nigeria hard for my family”, she said.

Nkechi Nwankwo, a resident of Port Harcourt Rivers State, said, “The prices of food items are increasing daily, the worst thing is that my income has remained the same. Money has value, too. One can’t buy things in the market.”

This is the lamentation on the lips of many Nigerians, whether in the North or South.

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

The Washington-based development bank’s data came months after the multidimensional poverty index released in November last year said 133 million people in Nigeria live below the poverty line.

But upon the emergence of President Tinubu, he vowed to take Nigeria’s economy out of the woods with his renewed hope mantra, but months down the line, Nigerians are yet to have the feelgood factor.

Since June this year, the fuel subsidy removal and foreign market liberalisation have negatively impacted the nation’s economy.

Though the government said that after subsidy removal, its revenue jumped from an average of N650 million monthly to over N1 trillion in the last four months, the impact on the well-being of Nigerians is yet to be felt.

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Just in: Tuggar resigns as Foreign Minister

Tuggar submitted his resignation letter to the President in preparation to contest under the All Progressives Congress (APC) platform.

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The Minister of Foreign Affairs, Yusuf Maitama Tuggar, has resigned from President Bola Tinubu’s cabinet to pursue the Bauchi State governorship in the 2027 elections.

The Ministry confirmed the resignation on Monday through its spokesperson, Kimiebi Ebienfa.

Tuggar submitted his resignation letter to the President in preparation to contest under the All Progressives Congress (APC) platform.

Tuggar’s resignation comes following a presidential directive issued earlier in March.

The order, communicated through the office of Secretary to the Government of the Federation, George Akume, required all political appointees seeking elective positions to resign by March 31, 2026.

The directive applies to ministers, ministers of state, special advisers, senior special assistants, special assistants, personal assistants, and heads of federal agencies.

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Lagos High Court Embraces Full Digital Transformation with Mandatory E-Filing

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The Federal High Court Lagos Division is set to fully transition to a digital era, as it mandates electronic filing for all new cases starting from April 27, 2026.

In a major push towards modernizing justice delivery, the court announced that manual filing of new cases will cease on April 24, 2026. From April 27 onwards, legal practitioners will be required to file all fresh matters exclusively through the court’s new e-filing platform.

Existing cases filed before the transition date will continue to be processed under the traditional manual system until final judgment is delivered, ensuring no disruption to ongoing litigation.

According to a statement from the court, any understatement of claims or misrepresentation of documents submitted via the platform will attract a penalty of ₦10,000 per filing, in addition to the payment of any outstanding fees.

To gain access to the e-filing system, lawyers must first obtain a Legal Mail account. Law firms are also required to upload their Corporate Affairs Commission (CAC) registration documents when creating their digital profiles.

Oath-related documents will be handled through the dedicated e-Affidavit portal. However, deponents will still be required to physically appear before a Commissioner for Oaths to complete the process.

This initiative forms part of the Federal High Court’s broader digital transformation drive aimed at enhancing efficiency, transparency, and accessibility in the justice system.

Legal practitioners are advised to familiarize themselves with the platform ahead of the deadline to avoid any hitches in filing new matters.

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President Tinubu at 74, Donates Salaries to Armed Forces Welfare Fund

As a personal commitment, the President has pledged to contribute all his salaries since assuming office as seed funding for the initiative, reinforcing his resolve to ensure that those who have borne the cost of Nigeria’s peace and security are not forgotten.

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President Bola Ahmed Tinubu has announced the establishment of a dedicated support fund for members of Nigeria’s Armed Forces, those wounded in the line of duty, and the families of fallen heroes.

The President announced the initiative on Sunday, using the commemoration of his 74th birthday, to honour the courage, sacrifice, and service of the nation’s military personnel.

In a statement , Bayo Onanuga the Special Adviser to the President Information and Strategy, said that President Tinubu has directed the Accountant-General of the Federation to establish a special account for the fund, which will provide targeted support to injured service members, as well as to widows, widowers, and children of those who lost their lives in service to the country.

As a personal commitment, the President has pledged to contribute all his salaries since assuming office as seed funding for the initiative, reinforcing his resolve to ensure that those who have borne the cost of Nigeria’s peace and security are not forgotten.

The President called on State Governors, members of the National Assembly, the private sector, his friends, and well-wishers to support the initiative, noting that details of the fund will be made available in due course.

President Tinubu emphasised that the initiative is rooted in a solemn national obligation to care for those who stand in harm’s way and the families who carry the burden of their sacrifice, irrespective of insurance programmes available to members of the armed forces.

President Tinubu also stated that supporting members of the Armed Forces and their families is not an act of charity, but a duty that all must fulfil.

The President reaffirmed his administration’s commitment to strengthening the welfare of military personnel and ensuring that their service to the nation is matched with dignity, care, and sustained support.”

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