Connect with us

NEWS

Youth Council Preps 104 Groups For National Protest, Begins Consultations

Published

on

The National Youth Council of Nigeria (NYCN) has ramped up preparations for a nationwide protest scheduled for August 1, instructing its 104 affiliated organizations to remain on high alert.

The planned demonstration has generated significant anticipation and tension both within Nigeria and among the diaspora.

In a communiqué released after an emergency virtual meeting involving the National Executive, 36 State Chairmen, and other key stakeholders from Wednesday night through to Thursday morning, the NYCN voiced deep concern over the severe socio-economic difficulties and widespread hardship impacting citizens, especially the youth.

READ ALSO: FG Pleads For More Time Amid Planned Nationwide Protest

The communiqué, signed by NYCN President Sukubo Sara-Igbe Sukubo, announced that the organization will host a world press conference on Wednesday, July 31, 2024, to address national issues and outline its position on the upcoming protest.

It reads, “On 24th July, 2024, the National Youth Council of Nigeria (NYCN) convened a crucial meeting with its National Executive, 36 State Chairmen, and other key stakeholders to deliberate on the state of the nation and the looming nationwide protest scheduled for August 1, 2024.

“The meeting was held via Zoom and lasted for several hours, addressing the urgent concerns of Nigerian youths and the overall socio-economic and political climate of the country.

“NYCN leaders acknowledged that the current socio-economic challenges facing Nigeria, including rising inflation, insecurity, unemployment, and the general hardship experienced by citizens, particularly the youth, have reached alarming levels.

“These issues have sparked widespread agitation and calls for a nationwide protest. The NYCN, as the umbrella body representing over 100 youth organizations across the country, recognizes the urgency of these matters and the need for a coordinated response.

“Top of the discussion was economic hardship. The economic situation in Nigeria has deteriorated, with inflation making it difficult for many citizens to afford basic necessities, including food.”

The communiqué also stated that following extensive deliberations, the meeting resolved that the NYCN will, over the next four days, engage in broad consultations with a range of stakeholders, including government officials, security agencies, civil society organizations, and the media, to ensure a thorough understanding of the issues at hand.

“A world press conference will be held on Wednesday, 31st July, 2024, where the NYCN leadership will address the nation on the current state of affairs and state its position on the planned protest.

“NYCN leaders advise their members, 774 local government branches, wards, state and zonal chapters, NYCN in diaspora, Man O’ War, Boy Scouts, Royal Rangers, Islamic Youth League, and 100 other affiliated youth organizations to be on standby and await further direction.”

NEWS

Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation

Published

on

 

The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.

In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’

ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.

He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.

Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.

“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.

“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from

Continue Reading

NEWS

N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden

Published

on

Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.

In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.

READ ALSO: CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools

He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.

The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.

“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.

He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.

“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.

Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.

“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said

He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.

“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”

Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.

He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.

“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.

Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.

“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.

He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.

 

 

Continue Reading

International News

ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others

Published

on

The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.

In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”

READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt  Chairman By Police

The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.

Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.

The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.

With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.