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High Inflation Not Caused By Buhari – Presidency

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The Presidency has responded to allegations linking the rise in inflation to the Muhammadu Buhari administration.

 

According to Malam Garba Shehu, the President’s spokesman, high inflation is a global issue that affects every nation due to the worldwide economic downturn and the impact of the COVID-19 pandemic.

 

This statement comes as a clarification from the Presidency amidst media reports suggesting a direct connection between the current administration and the increase in inflation.

 

Shehu said ”These days, the media house is at its best when it comes to twisting politically sensitive facts to suit its preconceived notions.

 

”In one of its highest fallacies, the paper this morning is tying the rise of inflation to its 17-year high to the person of the President, Muhammadu Buhari who leaves office in exactly two weeks from this day.

 

”Anybody who promotes this kind of thinking is telling the whole world that they either don’t know what is happening all over the world or they are not paying attention to the facts.”

 

The Presidential aide further elaborated on the reasons behind the rise in inflation. He explained that the COVID-19 lockdown played a significant role in boosting inflation worldwide, causing a major disruption in manufacturing and supply chains that had severe impacts on national economies.

 

As a result, the prices of goods were affected, leading to an increase in their market prices.

 

“Considering that Nigeria relies heavily on imports for essential products like petroleum, cooking oils, fertilizers, crop chemicals, and others, international price fluctuations significantly impact local prices.

 

”The government, unless it chooses to disregard the principles of free trade, has limited maneuverability in this regard,” he added.

 

Shehu further observed that France, which enjoyed a stable average inflationary regime of 4.1 percent from 1960-2022 is today reporting price increases of up to 1,080.36 per cent.

 

According to him, at 10.1 percent, UK inflation is at a 41-year high. Ghana’s inflation rate has hit a two-decade high of 54.1 per cent before a recent decrease.

 

”Turkey’s rate is 45 per cent, Pakistan has also reported an alarming high inflation rate comparable to countries with similar profiles.”

 

He maintained that the war in Ukraine had since translated into a rocketing in foodstuff prices leading to fear of famine in many countries.

 

”While Nigeria’s reported inflation rate of 22 per cent is undoubtedly high and worrisome, it would be incorrect to suggest that the Buhari administration is not making efforts to address the volatile global cost of living crisis,” he added.

 

Shehu emphasized that the administration has consistently placed a high priority on controlling inflation and remains committed to doing so.

Politics

C’River Assembly Moves To Amend LG Law, Proposes More Political Appointments

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The Cross River State House of Assembly has initiated the process to amend the Local Government Law 2007, introducing provisions to expand political appointments and enhance local government administration across the state.

The bill, sponsored by Rt. Hon. Davies Etta, representing Abi State Constituency, was debated on Tuesday in Calabar.

It proposes increasing the number of appointees in each Local Government Area (LGA) to 50. Among the new roles are 16 Special Adviser positions and a cadre of officials known as Ward Relation Officers.

According to the bill, “The Chairman of Council may appoint such a number of Special Advisers to assist him in the discharge of his duties, provided that appointments, when added to other statutory appointments, shall not exceed a total number of 50.”

The proposed Ward Relation Officers will hold ranks equivalent to Special Advisers and will report directly to the Chairmen of their respective LGAs.

This move, the Assembly says, is aimed at fostering grassroots engagement and improving governance at the local level.

Another key provision of the bill seeks to elevate the office of the Head of Local Government Administration (HOLGA) to the status of a Permanent Secretary within the state public service.

The amendment stipulates that HOLGAs will enjoy all the rights, privileges, and entitlements of Permanent Secretaries, including pensions.

“The office of the HOLGA shall be equivalent to the office of a Permanent Secretary of the State Public Service and shall enjoy all rights and privileges of the Permanent Secretary, including pensions,” the bill states.

It also specifies that appointments to the HOLGA position must be made exclusively from within the local government service in the state.

The bill, which has passed its first and second readings, has been referred to a joint committee on Local Government Affairs, Judiciary, and Public Accounts for further review and consultations with stakeholders.

Speaker of the Assembly, Rt. Hon. Elvert Ayambem, underscored the importance of the proposed amendment, noting that it would strengthen local government administration and improve service delivery to the grassroots.

The Assembly is expected to hold further deliberations before making a final decision on the proposed amendments.

 

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Trump Completes Return To White House, As 47th US President

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Donald Trump has completed his return to the White House with his inauguration as the 47th President of the United States (POTUS).

Trump’s historic return, on account of adverse weather conditions, happened with a remarkable ceremony at the Capitol Rotunda, on Monday.

In his inaugural address, President Trump outlined a bold agenda for his administration, touching on issues of gender, race, border control, economic reforms, and energy policies.

ALSO READ: CSR: Dangote Awards Scholarships To 473 Students

President Trump asserted that his administration would recognise only two genders — male and female — effectively dismissing identities such as transgender, non-binary, and genderqueer.

President Trump asserted, “This week, I will end the government policy of engineering race and gender into every aspect of public and private life. Henceforth, it will be the official policy of the United States government that there are only two genders: male and female.”

He unveiled plans to overhaul the trade system, introducing an “External Revenue Service” to collect tariffs from foreign countries, promising to shift the economic burden away from U.S. taxpayers.

“I will immediately begin the overhaul of our trade system to protect American workers and families. Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,” Trump stated.

The POTUS vowed to make America a “manufacturing nation” again by leveraging the country’s vast oil and gas reserves.

“America will be a manufacturing nation once again. We will use our liquid gold — oil and gas — to bring prices down, fill our reserves, and export energy worldwide. We will end the Green New Deal and revoke the electric vehicle mandate, saving our auto industry,” he said.

On border control, President Trump declared a national emergency at the southern border and announced measures to combat illegal immigration.

“All illegal entry will be halted, and we will begin the process of returning millions of criminal aliens. The Remain in Mexico policy will be reinstated, and catch-and-release practices will end. Troops will secure our borders to repel this invasion,” he announced.

He also pledged to designate cartels as foreign terrorist organizations and invoke the Alien Enemies Act of 1798 to combat criminal networks.

The POTUS announced the formation of a Department of Government Efficiency and outlined measures to tackle inflation and high costs.

He also promised an aggressive crackdown on crime, leveraging federal and state resources to eliminate gang activity.

“As commander-in-chief, I have no higher responsibility than to defend our country from threats and invasions,” President Trump added.

He recounted an assassination attempt during his campaign, framing his survival as a divine sign of his purpose to “make America great again.”

In addition, President Trump criticised America’s healthcare and education systems, promising significant reforms to address inadequacies exposed by recent natural disasters.

The event, attended by lawmakers, distinguished guests, and family members, marked the beginning of President Trump’s second term. Vice President JD Vance was also sworn in, taking the oath of office in a ceremony presided over by Supreme Court Justice Brett Kavanaugh.

It was gathered that earlier in the day, President Trump and Melania Trump met with outgoing President Joe Biden and former First Lady Jill Biden, continuing the tradition of a handover meeting between administrations.

At a pre-inauguration rally, President Trump addressed supporters, promising to pardon January 6 defendants and issuing executive orders on his first day in office.

Despite freezing temperatures, the ceremony proceeded with President Trump expressing confidence in his administration’s vision and America’s future.

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EDO: SUBEB Chair, 6 Commissioners, Board Chairs Take Oath Of office

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Edo State Governor, Senator Monday Okpebholo, has sworn in the Chairman of the State Universal Education Board (SUBEB), six new Commissioners, Chairmen and members of Edo State Oil and Gas Producing Areas Development Commission (EDSOGPADEC), Edo State Independent Electoral Commission (EDSIEC), and State Secondbary Education Board (SSEB).

This was revealed in a government house statement in Benin City on Monday.

Gov Okpebholo while addressing the newly sworn in executives at the New Festival Hall, Government House, Edo State, charged them to help drive development and progress in the state, stressing that his administration was in a hurry to showcase tangible development.

ALSO READ: Okpebholo Commissions Waste Management Equipment

Harping on the unique qualities and capacity of the newly sworn in executives, Gov Okpebholo noted that they reflected the requisite commitment of his administration to bring good governance, efficient and effective service delivery and fulfill the promises made to the Edo electorate.

Gov Okpebholo said, “To the newly appointed executives, congratulations on your appointment. This appointment is not just an honour but a call to serve with dedication, integrity, and excellence. You have been chosen because of your skills and the trust we have in your ability to contribute meaningfully to the development of our State.

“I encourage you to work with a share sense of purpose, prioritise teamwork, and remain focused on improving the lives of our citizens. Together, we can make Edo State a model of growth and prosperity.”

The statement listed that the new Chairman of SUBEB is Onomen Goodness Briggs. The new Commissioners include, Sir Lucky Eseigbe; Hon. Paul Nosayaba Ohonbamu; Dr. Emmanuel Paddy Iyamu; Hon. Dr. Washington Osa Osifo; Mr. Andrew Ijegbai; and Barr. Marie Olabisi ldaomi.

It was gathered that the portfolios for the new Commissioners would be made public at a later date.

Also sworn in are Jonathan Aifuobhokhan as Chairman, EDSIEC; Francis Osaretin Osabuohien as chairman, EDSOGPADEC; and Omozane Ebanehita Sonia as chairman, SSEB.

On behalf of the newly sworn-in executives, Hon. Paul Ohobamu thanked Governor for finding them worthy of the appointment and assured him of their commitment and dedication to ensuring that Edo people enjoy good and practical governance in the state.

Present at the swearing in ceremony were the Deputy Governor of Edo State, Rt. Hon. Dennis Idahosa; Secretary to Edo State Government, Musa Ikhilor; Chief of Staff to Edo State Governor, Gani Audu; Edo State Attorney General and Commissioner for Justice, Barr. Samson Osagie; former Deputy Governor of Edo State, Comrade Phillip Shaibu; immediate-past State chairman, All Progressive Congress (APC) Col. David Imuse (rtd); Party leaders, top government functionaries, amongst others.

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