Author: The Nation

  • War Cabinet Minister Gantz resigns from Netanyahu’s government

    War Cabinet Minister Gantz resigns from Netanyahu’s government

    Israeli War Cabinet Minister Benny Gantz resigned yesterday evening from the emergency unity government led by Prime Minister Benjamin Netanyahu.
    Addressing a press conference in Tel Aviv, Gantz called on Netanyahu to hold early elections “as soon as possible.”

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    Last month, Gantz, who joined the government on October. 7, set June 8 as a deadline for Netanyahu to draft a post-war plan for Gaza or he will leave the coalition. On Saturday, however, he delayed his planned press conference.
    Israel has continued its brutal offensive on Gaza since an Oct. 7 Hamas attack despite a UN Security Council resolution demanding an immediate cease-fire.

  • India’s PM Narendra Modi sworn in for third term

    India’s PM Narendra Modi sworn in for third term

    Narendra Modi was sworn yesterday for a rare third consecutive term as India’s prime minister, relying on his coalition partners after his party failed to win a parliamentary majority in a surprise outcome.

    Modi and his cabinet ministers took the oath of office, administered by President Droupadi Murmu, at India’s presidential palace Rashtrapati Bhavan in New Delhi.

    The 73-year-old popular but polarising leader is only the second Indian prime minister after Jawaharlal Nehru to retain power for a third five-year term.

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    His Hindu nationalist Bharatiya Janata Party, which won by landslides in 2014 and 2019, failed to secure a majority to govern independently in the latest national election. However, Modi’s National Democratic Alliance coalition won enough seats to form a government with him at the helm.

    This is the first time the BJP under Modi has needed support from its regional allies to form a government after a decade of commanding the majority in Parliament.

    Final election results released Wednesday showed Modi’s BJP won 240 seats, well below the 272 needed for a majority. Together, the parties in the NDA coalition secured 293 seats in the 543-member lower house of Parliament.

    Modi’s coalition government now largely depends on two key regional allies — the Telugu Desam Party in southern Andhra Pradesh state and Janata Dal (United) in eastern Bihar state — to stay in power.

  • Voters in 20 countries cast ballots on final day of EU Parliament polls

    Voters in 20 countries cast ballots on final day of EU Parliament polls

    Tens of millions across the European Union voted yesterday in EU parliamentary elections in a massive exercise of democracy that is expected to shift the bloc to the right and redirect its future.

    The war in Ukraine, migration, and the impact of climate policy on farmers are some of the issues weighing on voters’ minds as they cast ballots to elect 720 members of the European Parliament.

    Surveys suggest that mainstream and pro-European parties will retain their majority in parliament, but they will lose seats to hard right parties like those led by Italian Premier Giorgia Meloni, Hungarian leader Viktor Orbán, Geert Wilders in the Netherlands and Marine Le Pen in France.

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    That would make it harder for Europe to pass legislation and could at times paralyze decision-making in the world’s biggest trading bloc. “I do hope that we will manage to avoid a shift to the right and that Europe will somehow remain united,” voter Laura Simon said in Berlin.

    EU lawmakers have a say in issues from financial rules to climate and agriculture policy. They approve the EU budget, which bankrolls priorities including infrastructure projects, farm subsidies and aid delivered to Ukraine. And they hold a veto over the appointment of the powerful EU commission.

    This elections come at a testing time for voter confidence in a bloc of some 450 million people. Over the last five years, the EU has been shaken by the coronavirus pandemic, an economic slump and an energy crisis fueled by the biggest land conflict in Europe since the Second World War. But political campaigning often focuses on issues of concern in individual countries rather than on broader European interests.

  • Nigeria backs Biden’s Gaza ceasefire proposal

    Nigeria backs Biden’s Gaza ceasefire proposal

    Nigeria has thrown its weight behind the United States proposed ceasefire between Israel and Palestine.
    West Bank has been under Israeli siege since October 7 retaliation attack following the invasion of Israel by Hamas.
    Minister of Foreign Affairs Ambassador Yusuf Tuggar, who made Nigeria’s position known, also urged global leaders to de-escalate violence in the region.
    Ambassador Tuggar in a statement by his media aide, Alkasim Abdulkadir stated, “The Biden ceasefire proposal should be embraced by world leaders and the totality of the international community — to intensify efforts towards a speedy resolution of the conflict, and the immediate cessation of the attendant extreme violence in Gaza and all other innocent civilians affected by the conflict.
    “Equally important is the continuous, sufficient and unhindered provision of lifesaving humanitarian supplies and services for civilians.”

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    The minister also assured U.S. of Nigeria’s support to bring about a complete cessation of violence and an end to the senseless loss of human lives and manmade humanitarian crises.
    He said: “We are concerned that the ongoing carnage is setting a bad precedent for the international system of justice and are mindful that justice is antithetical to revenge. The Biden plan presents a clear path towards progress and the conditions required for peace.
    “President Joe Biden’s proposal includes a deal that will lead to a permanent ceasefire, a surge in humanitarian aid, the release of hostages, and a major reconstruction plan to rebuild homes, schools and hospitals. Nigeria believes the Biden plan is the best way forward for all parties and can prevent any repetition of the tragic deaths on June 8 of more than 200 people at the Nuseirat refugee camp.”

  • Unfinished tasks in Kogi rescue

    Unfinished tasks in Kogi rescue

    When a mission gets accomplished, it is rightly time for backslappings and shared commendations signalling curtains on that issue. Such was the mood that trailed the recent rescue of eight students of Confluence University of Science and Technology (CUSTECH) in Kogi State, who were said to be the remainder of those abducted by suspected bandits some weeks ago. The students were rescued penultimate weekend from a Kwara State forest in an operation that involved collaboration by Kogi and Kwara governments with security operatives.

    Gun-wielding bandits had on 9th May stormed the Osara campus of the institution and abducted students studying in the lecture halls at evening for their imminent first semester examination. There was uncertainty about the number of students abducted. Kogi government, on 10th May, estimated that nine students were affected, but later reviewed the number to 14. On 13th May, seven students were reported rescued from a forest beside Obajana road, with another 14 rescued a week later, taking the tally to 21. The police confirmed the killing of two of the abducted students on 26th May.

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    Kogi government, early last week, announced the rescue of eight more students aged between 17 and 23 years. Commissioner for Information Kingsley Fanwo, in a statement, expressed the state government’s appreciation to the security services and all others who collaborated in effecting the rescue of the students, adding that Governor Usman Ododo had directed full support towards the recovery of the students and their parents. The statement thanked President Bola Tinubu for “directing the mobilization of resources to ensure the rescue of the kidnapped students,” and National Security Adviser Nuhu Ribadu for “his commitment to the release of the students and the general security of the state.” Among others, the statement also thanked Kwara State  Governor AbdulRahmam AbdulRazak for working with his Kogi counterpart on the rescue mission, as well as the security service chiefs and all security personnel who played a role in rescuing the students. “Now that the remaining students have been rescued, our administration will continue the drive to recalibrate our security architecture and pay uncompromising attention to the Safe School Initiative,” it added inter alia.

    But it shouldn’t yet be curtains on the abduction saga, as no mention was ever made of what happened to the bandits. Did they just melt away as the students were being rescued? It would be a gross security failing if none of these are brought to justice. Besides, Governor Ododo on the heels of the incident  alleged insider collaboration from within CUSTECH with the bandits, as installed surveillance cameras on the university premises were reportedly disabled in apparent anticipation of their strike. It can’t yet be case closed if such internal collaborators aren’t fished out.

  • Labour as anarchist

    Labour as anarchist

     The Labour unions are agog, and a sort of vanity has enveloped them and their enabling lawyers. Agbero and co. are like the anarchist in the Russian novelist Ivan Turgenev’s fiction who wants to pull down the system. When asked what to put in its place, he answers, let it come down first. That is not the prudence of working. It is the logic of the Jacobin era.

    They want the federal government to pay over N300k. If the money were available, it would be nice for all. But lack of a math sense is troubling  Agbero and his TUC counterpart, Osifo. One, they think it is the federal government alone that would pay. Two, the governors have hollered that they can’t pay above N60K. Some are making noise about SUVs and Hajj money, and they should. I have not heard the Muslims complain, though they make the majority of the population. Again, Agbero and co should ask their lawmakers to return their SUVs and ask Pitobi to recant his assertion that they need the cars to work. Only then can Labour shed its hypocrisy on government spending. As Zebrudaya says, “what are good for the goose are good for the gizzard.”

    But have they done the math of how much a month any salary increase will amount to compared with the money in the coffers? It is not even the amount that should bother us but whether we have the funds to pay given the state of the purse.

    We need them to break down for us what it will cost. If we know that, we can now determine how much we have and can make.

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    Our Labour unions have turned into salary unions. That is not the substance and concept of unions. It is about working with employers to lift the people’s welfare. Labour is not an enemy camp. They cooperate to agree and even to disagree. That also involves propounding ideas. The NLC and TUC have no worthy idea other than shut down the grid, paralyse the banks, etc, In the last strike, it was an irony. The very poor for whom the strikes were for were not at home. They were in the markets selling wares, on the roadsides repairing tyres and in homes doing the plumbing.

    Labour also forgets that most employers cannot afford N100k minimum wage. Would they embark on a strike against the moi moi seller for not paying his employee N100K, assuming we get that far or low? When all is done, I would want to know what the TUC and NLC are paying their security guards.

  • Air El Malam – Flight 423 billion

    Air El Malam – Flight 423 billion

    Kaduna State has witnessed two flights. One is money, and the other is human. The latter flight is because the former is airborne. The money flight comes from fraud, while the human flight soars from fear. We can call the airline Air El Malam in its cloudy accounting.  From my investigations, the flights are international and involve two continents and three countries.

    We hope that the flights have return trips, or else the EFCC and Pastor Olukoyede may have to employ Interpol. For his peace and that of Kaduna, we should hope that all those who have left the country are on vacation or some sort of medical rejuvenation, or businesses that have little to do with the new report from the Kaduna State House of Assembly about the first flight that involves N423 billion taking wings from the state accounts.

    That first flight, in financial parlance, may be called capital flight. But this is not strictly capital flight because capital flight can be legal and even wholesome.

    The report, a 175-page affair as long as a novella, involves corruption allegations of gargantuan dimension, both in dollars and naira, traced to the little man who bestrode the most iconic state of Northern Nigeria. This writer was the first to do a comprehensive expose on the seedy tale of a government that had projects that eyes could not see, claimed to issue contracts without due process, some by blackmail and others by sheer bravado. Contractors collected money without work. Undocumented Contracts yielded funds to questionable accounts and documented money spun fairytale contracts. So, fiction became money and money became fiction. One of the satisfying events for a writer is for public occurrence to vindicate his report.

    We hear that former Governor Nasir El Rufai is in Egypt. I expect that he will return soon, and I don’t want to invoke the line from scripture about those who seek refuge in the north African country. But many in the state are worried that the folks indicted by the House report have left the country to the United States, Canada and the United Kingdom. Can we say they fled, or they are merely visiting?

    Let it not be that they pled guilty with their feet and fled. Let it not be told that their flight tickets are saying, “I am guilty, my honour, because I have no honour.” Let it not be imagined that they fled to houses they bought abroad. Such purchases may invoke in the purloined homes the phrase in scripture that cursed is in the house of a thief.

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    The sum of N423 billion is no small find for even the grandest larceny. Malam EL Rufai, as I stated in an earlier piece, is often not a man to bait. He replies even before you drop an acidic sentence. Now, we neither see his face, nor hear his voice. The small man has become a hermit. He who was in a quiet swagger and eyeing with an avaricious eye the illustrious ambition of 2027, is like the haunting Comfort Omoge song about the fellow that everyone searched for but could not see. He is an invisible man.

    He has promised to respond. When I wrote the expose, he said he would respond. He didn’t. When the House met, he said he would respond. He didn’t. Now that the report is out, he said it is false. But that is all he has said.

    But this is the second phase of the invisible man. In the first incarnation, he loved the gossip. He was in stealth flight mode. He was meeting the president’s foes in furtive nights and unknown rendezvous. Then he made a show of his visibility. He met Pitobi. He even met folks of the SDP. Then to escalate the vanity, he met with Ribadu either to show off or to taunt those who knew he was showing off.

    Then his successor Uba Sani cried out when El Rufai’s sins blazed forth like a fire that wanted to consume the state. Ezekiel the prophet wrote about a city being a cauldron and people as flesh in the heat. Governor Sani did not want that. All state stakeholders were invited to see. El Rufai is his friend. But the state is more important than a man, especially if he was setting the state on fire. The labour unions wanted to go on strike. They had to see the books and the rot of his predecessor. When they saw it, they winced, and decided to halt the onslaught.

    Labour was part of the townhall meeting. The governor could not bear the pain alone in his liver. His revelations generated a collective sigh in the state.

    The irony is, among  the political elite, the religious leaders and the military and intellectual classes, no one has faulted Governor Sani. In all, the only person defending EL Rufai is El Rufai. Hence all those in the indictment, including a certain gentleman named Jimmy Lawal, who held an amorphous office of senior adviser/counsellor was, like a tortoise in an African tale, present in many of the sordid affairs. Who is an adviser and who is a counsellor? His acts, according to the report, is as questionable as his designation/s.

    Unlike others with the outsized ego of an El Rufai in a small body, the former Kaduna State governor did not need anyone to encourage him. He was the man who birthed and cradled. He did not need a court jesters or buffoons to inspire him. He needed no minstrel with a guile, no hymnals of tease, no ministers of affection and no drumrolls of flattery. He was his own bouquet. If he falls, he will be like the mighty tree crashing alone on a forest glade.

    There is a lot of work to do in the state. After such depredation, the new man in the saddle has set out on a repair mode. His own flight has to be turbulent, the rough air of redeeming the state debts, of revamping the projects, of getting the pensions to the retirees. Imagine on the former governor’s watch, billions of naira allocated to the aged did not go to the fellows with the hoary crowns. The work has begun for a new turn.

    The language of the report was instructive. In the many loans, the only one that was used for what it was earmarked for was the N1 billion for the purchase of security vehicles. Each of the others, including N14.3 billion, N10 billion, N17.5 billion, N7.5 billion, N18.043 billion, N10.5 billion, N20 billion, $129.8 million, $209 million, $26 million, $350 million, $130 million, $62.8 million, $150 million, $20 million, $80 million, $280 million, $470 million, $494 million, $494.6 million and $16.8 million, was accompanied with such a phrase as “they were not utlilised for what they obtained for.”

    The report says, “the debt management unit seems not to be aware of some of the loan facilities… “But a reckoning is afoot, and the nation waits what will happen now that the report is being forwarded to the EFCC. Is this history repeating itself? When he assumed office, EL Rufai took his predecessor to the EFCC. According to the House report, the state has never been so indebted in its history, and the hermit man had virtually no debt to pay when he assumed office.

    This is not a time for the former governor’s secret rendezvous. He should meet the Kaduna people and release his voice box and give account. Not him alone, but all of them abroad.                      

  • As Tinubu clears foreign airlines’ funds

    As Tinubu clears foreign airlines’ funds

    By Andrew Nduka

    The recent clearance of the trapped foreign airlines’ funds by the Tinubu administration represents a positive index for Nigeria. It has erased some negative impressions about Nigeria and enhanced the international recording of the country. Coming at a time Nigeria’s public image seems to be at its lowest ebb, the settlement of the trapped airlines’ funds is a masterstroke for President Bola Ahmed Tinubu on behalf of Nigeria.

    The International Airport Transport Association (AITA), recently confirmed that the Central Bank of Nigeria (CBN), has cleared the foreign airlines’ trapped funds worth $831m from June 2023 till date. According to IATA, from a peak of about $850m, only $19m is still left outstanding. It added that the remaining $19m was waiting the CBN verification through the commercial banks. 

    The Director General of AITA, Willie Walsh praised the federal government for their effort in ensuring a successful repatriation of the funds by the international airlines. Walsh recalled that at the peak of the crisis in June 2023, Nigeria’s blocked funds significantly affected airline operations and finances in the country. Carriers faced difficulties in repatriating revenues in US dollars. The high revenue of blocked funds led some airlines to reduce their operations in Nigeria with the loss of jobs. The situation severely impacted the country’s aviation industry in an unprecedented manner. It is gratifying   that as of April 2024, 98 percent of the funds have been cleared while the balance would be settled soonest.

    Meanwhile, IATA also announced a significant decrease in the amount of foreign airlines funds blocked from repatriation by governments. According to Walsh, the major reason for the reduction is the significant clearance of the funds blocked in Nigeria, noting that Egypt also approved the clearance of a significant amount of its blocked funds. Unfortunately, the devaluation of the currencies of both Egypt and Nigeria has adversely affected the process. It said the situation is more severe in Pakistan and Bangladesh with the continuous blocking of $731m. “Pakistan and Bangladesh must release the $731m in blocked funds immediately to ensure that the airlines can continue providing essential air connectivity. In Bangladesh, the solution is in the hands of the Central Bank, which must prioritize aviation access to foreign exchange in line with international treaty obligations. The solution in Pakistan is in finding efficient alternatives to the system of audit and tax exemption certificates, which causes long processing delays,’ he stated.

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    As would be expected, foreign airlines have applauded the CBN over the clearance of the trapped funds in the country. Speaking under the aegis of the Association of Foreign Airlines Representatives in Nigeria (AFARN), the airlines said the clearance is a sigh of relief for their operations. According to the president, Kingsley Nwokoma, the CBN is urged to adopt a quarterly payment plan for the remaining funds. Said AFARN, “We thank the government for listening and doing it little by little, but we hope they can do more or have an arrangement with the airlines for a quarterly payment and that would be perfect. A systematic type of payment every quarter will help defray the backlog, and we can also get it behind us once and for all.”

    Also speaking, the Head of Financial Institutions Ratings at Agusto &Co, Ayokunle Olubunmi, said the clearance of the trapped funds and forex forwards would improve the value of the naira. According to him, “To be fair to the current CBN management, they have been trying their best, trying to clear the backlog of forex demand and matured forex forwards and have been trying to get them paid.” He added that the payment would boost investors’ confidence as they can easily repatriate their funds.

    Acting director of corporate communications at the CBN, Mrs. Hakama Ali, further assured that the CBN Governor Olayemi Cardoso and his team are doubly committed to and would stop at nothing to ensure that a verified backlog payment across all other sectors were effected and confidence restored in the Nigeria market. The CBN, she said, was working with stakeholders to ensure that liquidity improves within the forex market, thereby reducing the pressure on the naira. While expressing optimism that the market would respond positively to the development, she admonished actors in the foreign exchange market to guard against speculation as such actions would hurt the naira.

    At the height of the trapped airlines funds, IATA had warned that the rapidly rising levels of blocked funds were a threat to airlines connectivity in the affected markets and were gradually becoming a threat to global operations. Nigeria has been facing a severe forex crisis which made it impossible for international carries to repatriate accumulated funds from tickets sold in naira. As a result, many airlines resorted to various methods to get the attention of government such as stopping ticket sales. The UAE’s Emirate airline notably suspended all flights to Nigeria.

    At the time, the total blocked funds of the global airline industry increased by 3.96 percent to $2.36 billion in September 2023 from $2.27 billion in April 2023. Of this amount, $1.65 billion was trapped in Africa, of which 45 percent ($792m) was trapped in Nigeria. The CBN prohibited foreign airlines from issuing tickets to locals in foreign currency according to section 20(1) of the CBN Act. Nigeria has been experiencing a huge shortage of forex amid a growing demand and it appears the CBN has not been prioritizing airlines in accessing foreign exchange.

    In September 2023, President Bola Tinubu directed the CBN to create a platform for quarterly re-conciliatory meetings with foreign airlines to address the backlog of trapped funds and shortly thereafter, plans to clear the forex backlogs were rolled out.

    Given the crucial importance of air travel for efficient conduct of trade and other economic activities and the impact on foreign direct investment (FDI), steps should be taken to ensure forex availability for the airlines. It is on that ground that President Tinubu’s latest intervention in this regard should be commended. Government should do everything within its power to sustain this tempo and not relent to let the anomie to recur.

    •Dr. Nduka, a public affairs commentator wrote from Port Harcourt

  • High minimum wage contradiction

    High minimum wage contradiction

    Before this article is published, the federal government and organised labour may have reached consensus on a national minimum wage. But before then, it bears stating that the logjam over the appropriate national minimum wage which culminated in the just suspended nationwide industrial strike is a product of contradiction.

    It is a dialectical situation thrown up by the policies of the federal government and reactions to them by organised labour. The initial demand for an outrageous minimum wage of N1million from the current N30,000 by organised labour and government’s rejection of it as unrealistic and unsustainable, further underscores the dynamics of this contradiction. What are the issues?

    President Bola Tinubu had immediately after his swearing-in last year, announced the elimination of subsidy on petrol. The measure immediately saw the pump price of the product rising well above N550 per litre in some areas. Before then, the product sold below N200 per litre. 

    Fuel subsidy removal was quickly followed by the floating of the Naira in the foreign exchange market. This saw the local currency exchanging for about N1, 400 against the dollar in the parallel market. The exchange rate was about N450 against the US dollar before the floating of the local currency. The effects of these measures on hyperinflationary trend were quite spontaneous with the prices of essentials hitting the rooftops.

    The centrality of petrol to daily businesses and economic activities made the impact of the policies heavily felt in all households. The government was to explain that the interventions were necessary to save the national economy from collapse even as it urged the citizens for patience as the eventual outcome will lead to public good.

    The ensuing inflation brought untold hardship as the prices of essential commodities including food items went beyond the reach of the average citizen.  But the salaries and wages of the working class remained the same despite federal government’s award of N35, 000 to be paid workers for a few months. The reality was that many state governments were unable to pay that sum to their workers. In the face of this, the average worker was left to lick the wounds inflicted on him by the excruciating economic circumstances that are logical outcomes of government’s policies.

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    Attempts by organised labour to get the government reverse these policies including poorly coordinated strike actions failed to achieve any meaningful result. Organised labour subsequently began to mount pressure on the government for a wage increase such that will enable workers cope with the rising cost of living.

    Negotiations have been on for quite some time without any agreement. Expectations that the tripartite negotiation committee would have concluded their assignment well on time for the federal government to unveil the new national minimum wage during the last workers day, failed to materialise.

    Feelers on the inconclusiveness of the negotiations emerged when the President of the Trade Union Congress TUC, Festus Osifo announced that the new national minimum wage would not be announced on May Day. He had also said the only way that announcement could be possible was if the government accepted the N615, 000 demand presented to it by organised labour.

    The implication was that organised labour had come down from its initial minimum wage demand to the new figure. But it was still on the high side. It seemed inconceivable how the government could accede to such a humongous amount given the parlous state of the national economy.

    Osifo got the reading right. No new national minimum wage was pronounced on the May Day. But President Tinubu, apparently dissatisfied with the inconclusiveness of the negotiations by the tripartite committee, promised workers better working and living conditions buoyed by fair wage.

    “This shall be resolved soon and I assure you that your days of worrying are over. Indeed the government is open to the committee’s suggestion of not just a minimum wage but a living wage”, he assured workers on May Day.

    Even with the assurances from the president, negotiations failed to resume until organised labour went on industrial action last week paralysing activities with heavy losses to the national economy. Negotiations resumed following the suspension of the strike action for five days. Organised labour returned to the negotiation table with a minimum wage demand of N494,000. The government considers this still unrealistic and unsustainable. The president’s task to the Minister of Finance, Wale Edun to furnish him with the cost implications of the new minimum wage has been complied with amidst speculations.

    For now, it remains a matter of conjecture what the final outcome of the negotiations will be. But one thing that seems clear is that with the intervention of the president, some consensus will soon be reached irrespective of whether it properly aligns with the inflationary trend triggered off by government policies.

    Yes, N494,000 and the higher figures earlier demanded as minimum wage are unrealistic and unsustainable. The government and the private sector cannot possibly afford to pay such without dire consequences. But as unrealistic and unsustainable as the figure appear, they illustrate most poignantly the contradiction in the inability of the government to factor in the material conditions of our people as they went about floating inflation influencing policies.

    It was obvious from all economic and social indices that the economy was not strong enough to absorb the dislocations bound to arise from those liberalization policies. Not only is the populace contending with low per capita income, the poverty rate is so high that the policies will end up reducing the people to the poorest of the poor. Incremental and guarded responses would have made better economic sense.

    Organised labour seeks high minimum wage to enable workers cope with the hyperinflation unleashed by these policy measures. They have a point. But high minimum wage could also turn out counterproductive. It has the prospects of spiralling another round of inflation that could bring the economy on its knees.

    The contradiction arose first, from the hyperinflationary trend unleashed by the removal of fuel subsidy and the floating of the national currency.  To cope with escalating prices of general goods and services, labour mounted pressure on the government to grant workers high salaries and allowances.

    If the government accedes to the high wage demand, it could in turn unleash another round of inflation with consequences more devastating than what we currently experience. That is the uncanny dialectics at play.

    Even as workers deserve a better/living wage, extreme caution should be exercised to ensure another round of inflation is not about to be triggered off by whatever is finally agreed as the new national minimum wage. It is for this reason that suggestions have been made that it would have made better sense for organised labour to demand for a reduction in the price of petrol and some form of control on the value of the Naira in the foreign exchange market.

    Such measures will bring down inflation, shore up real income. They also promise more beneficial to a greater majority of the citizenry than wage increases that target only those in gainful employment.

     Organised labour also embarked on the suspended strike to press home their demand for the reduction of the cost of electricity following government’s elimination of subsidy for categories of consumers in that sector. The government had a few months back, raised the unit price of electricity for categories of consumers by over 250 per cent.

    Apart from this figure being very prohibitive and unaffordable, the lot of consumers is compounded by the unavailability of pre-paid meters. Households without pre-paid metres in the so-called Band A areas are now made to pay estimated bills of N185,000 per month. This is as unrealistic as it is prohibitive. Matters are compounded by the inability of the Discos to make pre-paid metres available to customer willing to pay for them.

    As the government considers a minimum wage that will not jolt the system further, it has to be more circumspect rolling out policies that will further erode the purchasing power of the ordinary people. The elimination of subsidy on electricity is one of such policies that has to be tinkered with. Else, it will make nonsense of whatever is finally approved as the national minimum wage with no end to the cycle of inflation already in active motion.

  • Governor Buni and the Potiskum Modern Market

    Governor Buni and the Potiskum Modern Market

    Sir: It has been four long years since the foundation of the N2.6 billion Potiskum Modern Market, Trailer Park project was laid, and the people of Potiskum are still waiting for its completion. The project was touted as a game-changer for the local economy, and the people of Potiskum had high hopes that it would bring much-needed jobs and economic growth to the area. However, despite the initial promise and fanfare, the project has yet to make significant progress, and the state government seems to have paid little attention to it.

    At the time of inauguration, Governor Mai Mala Buni promised that the project would be completed within 12 months. This timeline was ambitious, but the people of Potiskum were willing to give the government the benefit of the doubt. Nonetheless, as the months turned into years, it became clear that the project was not a priority for the state government. The lack of progress on the project has been frustrating for the people of Potiskum, who are desperate for economic opportunities and jobs.

    The Potiskum Modern Market project was designed to provide a modern and conducive environment for traders and business owners to operate. It was expected to attract investors and stimulate economic growth in the region. However, four years on, the project remains stalled, leaving the people of Potiskum in limbo. The market is still in a state of disrepair, and business owners are struggling to make ends meet.

    In addition to the modern market, the governor also announced plans to construct a modern truck park in Potiskum in 2019. This project was expected to further boost the local economy and provide even more jobs for the people of Potiskum. Ye like the modern market project, the truck park project has made little or no progress since its inception. This lack of progress is not only frustrating for the people of Potiskum but also damaging to the local economy.

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    Potiskum is the most populous town in Yobe State and a major business hub. The majority of its inhabitants are business owners who are desperate for ways to enhance their businesses. The completion of the modern market and trailer park would have provided a much-needed boost to the local economy. However, the state government’s inaction on these projects has left the people of Potiskum feeling abandoned and neglected.

    The people of Potiskum are growing increasingly frustrated with the lack of progress on these projects. They are tired of waiting for the government to fulfil its promises and are beginning to lose hope. The lack of economic opportunities and jobs has led to high levels of unemployment and poverty in the area. The people of Potiskum are desperate for a change, and they are looking to the state government to provide it.

    The state government’s inaction on these projects has eroded the trust and confidence of the people in the government’s ability to deliver on its promises. The people of Potiskum feel that the government has let them down and that their needs and concerns are not being taken seriously. This lack of trust and confidence has led to a sense of disillusionment and disengagement among the people of Potiskum.

    The completion of the Potiskum Modern Market and trailer park project is critical for the economic development of Yobe State. It has the potential to generate jobs, stimulate economic growth, and improve the lives of the people of Potiskum. The project is not just a matter of infrastructure development; it is a matter of economic survival. The people of Potiskum are desperate for economic opportunities, and the state government has a responsibility to provide them.

    Therefore, the state government must take immediate action to complete these projects. The people of Potiskum have waited long enough, and it is time for the government to fulfil its promises and deliver on its commitments. The economic development of Yobe State depends on it. The state government must prioritize the needs of the people of Potiskum and take concrete steps to address their concerns.

    •Kasim Isa Muhammad,Potiskum, Yobe State.