Bandits launched a daring attack on the Nigeria Security and Civil Defence Corps (NSCDC) headquarters in Lafia, Nasarawa State, early Monday morning.

The assailants, armed with guns and iron rods, stormed the premises, firing shots indiscriminately and causing panic among residents.

NSCDC spokesperson, Jerry Victor in confirming the incident, stated that the attackers attempted to breach the command’s defenses by damaging a section of the perimeter fence.

Swift action by NSCDC operatives thwarted the assailants’ efforts, with personnel engaging them in a firefight to protect the headquarters.

Victor noted “The operatives of the NSCDC swiftly responded by opening fire on the hoodlums whose mission was to release some high-profile suspected criminals including informants of kidnappers in the custody of the command.”

The NSCDC spokesperson confirmed that no casualties occurred during the shootout between the attackers and NSCDC personnel.

He assured residents that peace had been restored to the area after the initial disruption earlier in the day.

Additionally, the spokesperson provided details on the command’s recent arrests, highlighting the detention of five notorious suspects.

Among them were two individuals identified as informants for the kidnappers involved in the tragic death of Daniel Umaru Lagi, the 82-year-old father of a former state Attorney General and Commissioner for Justice, who was killed despite ransom payment.

Amidst increasing incidents of kidnapping in Lafia, the capital of Nasarawa State, local authorities have responded by imposing a curfew and limiting the movement of motorcycles and tricycles.

Effective immediately, these measures aim to bolster security, particularly between 8:00 PM and 6:00 AM, to safeguard residents from escalating threats.

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “ensure that his government’s proposed bill on new minimum wage for Nigerian workers is entirely consistent and compatible with Nigeria’s international obligations to promote and advance the right of workers to an adequate living wage.”

Recall that the president had in his Democracy Day Speech on June 12 stated that “We shall soon send an executive bill to the National Assembly to enshrine the new minimum wage as part of our law for the next five years or less.”

In a letter dated 15 June 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “the reportedly proposed level of the minimum wage in the executive bill is grossly inadequate and falls short of the requirements of international human rights treaties to which Nigeria is a state party.”

The SERAP said, “The executive bill should reflect the international standards that Nigerian workers should be provided, at a minimum, with a living wage, in accordance with costs of living.”

According to the SERAP, “As you and your government know, Nigerian workers face many human rights challenges. Most of the people living in poverty work, yet they do not earn a wage sufficient to afford an adequate standard of living for themselves and their families.”

The letter, read in part: “Any proposed minimum wage that fails to guarantee a life in dignity for Nigerian workers and their families would be entirely inconsistent and incompatible with international standards.”

“Successive governments have persistently and systematically violated these guarantees. Millions of Nigerian workers remain poor due mainly to low wages and a lack of social security and social protection.”

“If your government sends to the National Assembly any bill which fails to meet the requirements of international standards, and the bill is then passed into law, SERAP shall take all appropriate legal actions to compel your government to comply with our request in the public interest.”

“The proposed recommendations are not unrealistic, as they are based on Nigeria’s international human rights obligations. Human rights are not a matter of charity. Upholding Nigeria’s international obligations regarding the right of workers to an adequate living wage would protect the purchasing power of workers in poverty.”

“The preparation of the executive bill provides you and your government an important opportunity to respect, protect, promote and advance the rights of Nigerian workers to an adequate living wage and fair remuneration.”

“We urge you to take concrete steps to defend the rights of Nigerian workers to an adequate living wage.”

“This would ensure that the proposed executive bill protects not only against absolute poverty but also against relative poverty, as a source of social exclusion.”

“Your government has legal obligations to reflect these guarantees in any executive bill on the new minimum wage to be sent to the National Assembly.”

“The International Covenant on Economic, Social and Cultural Rights imposes clear legal obligations on your government to ensure and uphold the right of Nigerian workers to an adequate living wage that would ensure a decent standard of living for the workers and their families.”

“We urge you to put the country’s resources at the service of human rights, and to advance Nigerian workers’ right to an adequate living wage by immediately cutting the cost of governance and implementing bold transparency and accountability measures in ministries, departments and agencies (MDAs).”

“We urge you and your government to urgently propose cuts in the huge budgetary allocations to fund security votes, jumbo salaries and allowances paid to members of the National Assembly, and unlawful life pensions to former governors and their deputies.”

“We also urge you and your government to immediately and fully recover missing public funds from MDAs, as documented in the several reports published by the Auditor-General of the Federation.”

“These would enable you and your government to effectively comply with Nigeria’s international legal obligations regarding workers’ right to an adequate living wage.”

“Article 27 of the Vienna Convention on the Law of Treaties of 1969, to which Nigeria is a state party provides that ‘[A] party may not invoke the provisions of its internal as justification for its failure to perform a treaty.’”

“The minimum wage setting must take into consideration the relative living standards of other social groups and economic factors, including the requirements of economic development.”

“This means that the level of wages to be proposed in the executive bill takes into account the current cost of living in the country, to ensure that it is sufficient to enable the worker and his or her family to enjoy other rights such as health care, education and an adequate standard of living.”

“SERAP urges you to ensure that the proposed executive bill sets the minimum wage at a level that corresponds to the ‘living wage’, allowing Nigerian workers and their families to achieve an adequate standard of living.”

“We would therefore be grateful if the recommended measures are reflected in the proposed executive bill.”

“According to our information, you stated in your Democracy Day Speech on June 12 2024 that your government is finalising an executive bill on the new minimum wage which is set to be sent to the National Assembly.”

“Under article 23 of the Universal Declaration of Human Rights and article 7 (a) of the International Covenant on Economic, Social and Cultural Rights, all Nigerian workers have the right to a remuneration which provides them, as a minimum, with fair wages and a decent living for themselves and their families.”

“In the preamble of its Constitution, ILO calls for ‘an adequate living wage’, and in the Declaration concerning the aims and purposes of the International Labour Organization, ILO affirms its ‘solemn obligation’ to promote ‘policies in regard to wages and earnings, calculated to ensure a minimum living wage to all employed and in need of such protection’.”

“In article 3 of the Minimum Wage Fixing Convention, 1970 (No. 131), ILO requires that minimum wage setting take into consideration ‘the needs of workers and their families, taking into account the general level of wages in the country, the cost of living, social security benefits.’”

The Presidency has come out with a rejoinder on the New York Times’ feature article on the excruciating economic situation confronting Nigeria.

This was detailed in state house statement under the signature of the Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, which he put out under his verified X handle.

Issued under the subject, ‘NEW YORK TIMES’ JAUNDICED REPORT ON NIGERIA’S CURRENT ECONOMIC SITUATION’, it maintained that the feature article “reflected the typical predetermined, reductionist, derogatory, and denigrating way foreign media establishments reported African countries for several decades.”

The Presidency wants the world to know that the reform introduced by the President Bola Ahmed Tinubu administration are already yielding dividends, with exchange rate having peaked at almost N2,000/$ and slowing downing to below N1,500/$.

Investors and foreign lenders were also beginning to demonstrate faith in the domestic economy.

Onanuga pointed out that “The economy recorded a trade surplus of N6.52 trillion in Q1, as against a deficit of N1.4 trillion in Q4 of 2023. Portfolio investors have streamed in as long-term investors. When Diageo wanted to sell its stake in Guinness Nigeria, it had the Singaporean conglomerate, Tolaram, ready for the uptake. With the World Bank extending a $2.25 billion loan and other loans by the AfDB and Afreximbank coming in, Nigeria has become bankable again. This is all because the reforms being implemented have restored some confidence.”

In addition, he noted that Nigeria was not the only country passing through economic challenges, noting that event he Untied States was also experiencing her own share of economic turmoil.

“Nigeria is not the only country in the world facing a rising cost of living crisis. The USA, too, is contending with a similar crisis, with families finding it hard to make ends meet. US Treasury Secretary Janet Yellen raised this concern recently. Europe is similarly in the throes of a cost-of-living crisis,” he added.

The statement reads, “Ruth Maclean and Ismail Auwal’s feature story with the title ‘Nigeria Confronts Its Worst Economic Crisis in a Generation’, published on June 11, reflected the typical predetermined, reductionist, derogatory, and denigrating way foreign media establishments reported African countries for several decades.

“Because of the misleading slant of the report, we need to clear up some misconceptions conveyed by the reporters as regards the economic policies of the Tinubu administration that came into power at the end of May 2023.

“Most significant about the report was that it painted the dire experiences of some Nigerians amid the inflationary spiral of the last year and blamed it all on the policies of the new administration. The report, based on several interviews, is at best jaundiced, all gloom and doom, as it never mentioned the positive aspects in the same economy as well as the ameliorative policies being implemented by the central and state governments.

“To be sure, President Tinubu did not create the economic problems Nigeria faces today. He inherited them. As a respected economist in our country, once put it, Tinubu inherited a dead economy. The economy was bleeding and needed quick surgery to avoid being plunged into the abyss, as happened in Zimbabwe and Venezuela. This was the background to the policy direction taken by the government in May/June 2023: the abrogation of the fuel subsidy regime and the unification of the multiple exchange rates.

“For decades, Nigeria had maintained a fuel subsidy regime that gulped $84.39 billion between 2005 and 2022 from the public treasury in a country with huge infrastructural deficits and in high need of better social services for its citizens. The state oil firm, NNPC, the sole importer, had amassed trillions of naira in debts for absorbing the unsustainable subsidy payments in its books. By the time President Tinubu took over the leadership of the country, there was no provision made for fuel subsidy payments in the national budget beyond June 2023. The budget itself had a striking feature: it planned to spend 97 percent of revenue servicing debt, with little left for recurrent or capital expenditure. The previous government had resorted to massive borrowing to cover such costs. Like oil, the exchange rate was also being subsidized by the government, with an estimated $1.5 billion spent monthly by the CBN to ‘defend’ the currency against the unquenchable demand for the dollar by the country’s import-dependent economy. By keeping the rate low, arbitrage grew as a gulf existed between the official rate and the rate being used by over 5000 BDCs that were previously licensed by the Central Bank. What was more, the country was failing to fulfil its remittance obligations to airlines and other foreign businesses, such that FDIs and investment in the oil sector dried up, and notably Emirate Airlines cut off the Nigerian route.

“President Tinubu had to deal with the cancer of public finance on the first day by rolling back the subsidy regime and the generosity that spread to neighbouring countries. Then, his administration floated the naira.

“After some months of the storm, with the naira sliding as low as N1,900 to the US dollar, some stability is being restored, though there remain some challenges. The exchange rate is now below N1500 to the dollar, and there are prospects that the naira could regain its muscle and appreciate to between N1000 and N1200 before the end of the year. The economy recorded a trade surplus of N6.52 trillion in Q1, as against a deficit of N1.4 trillion in Q4 of 2023. Portfolio investors have streamed in as long-term investors. When Diageo wanted to sell its stake in Guinness Nigeria, it had the Singaporean conglomerate, Tolaram, ready for the uptake. With the World Bank extending a $2.25 billion loan and other loans by the AfDB and Afreximbank coming in, Nigeria has become bankable again. This is all because the reforms being implemented have restored some confidence.

“The inflationary rate is slowing down, as shown in the figures released by the National Bureau of Statistics for April. Food inflation remains the biggest challenge, and the government is working very hard to rein it in with increased agricultural production. The Tinubu administration and the 36 states are working assiduously to produce food in abundance to reduce the cost. Some state governments, such as Lagos and Akwa Ibom, have set up retail shops to sell raw food items to residents at a lower price than the market price. The Tinubu government, in November last year, in consonance with its food emergency declaration, invested heavily in dry-season farming, giving farmers incentives to produce wheat, maize, and rice. The CBN has donated N100 billion worth of fertiliser to farmers, and numerous incentives are being implemented. In the western part of Nigeria, the six governors have announced plans to invest massively in agriculture.

“With all the plans being executed, inflation, especially food inflation, will soon be tamed.

“Nigeria is not the only country in the world facing a rising cost of living crisis. The USA, too, is contending with a similar crisis, with families finding it hard to make ends meet. US Treasury Secretary Janet Yellen raised this concern recently. Europe is similarly in the throes of a cost-of-living crisis. As those countries are trying to confront the problem, the Tinubu administration is also working hard to overturn the economic problems in Nigeria.

“Our country faced economic difficulties in the past, an experience that has been captured in folk songs. Just like we overcame then, we shall overcome our present difficulties very soon.”