NEWS
Nigeria@63: CAN Urges Urgent Action On Economy, Terrorism
In a congratulatory message to Nigeria on her 63rd Independence Day anniversary, the Christian Association of Nigeria (CAN) expressed desire to see urgent actions by the Federal Government (FG) to stabilise the economy and curb terrorism.
President, CAN, Archbishop Daniel Okoh, set out these details in an Independent Day message issued on Sunday.
He noted that the freefall of the Naira against major world currencies, particularly the dollar, has worsened the economy, thus, affecting the common man adversely.
He maintained that the FG ought to be doing more to combat terrorism and banditry in Nigeria.
He said, “This significant milestone reminds us of the progress we have made as a nation and the challenges that lie ahead.
“As we reflect on our journey, we urge the government to prioritise addressing the pressing economic challenges and the escalating state of insecurity in our beloved country.
(The) “CAN acknowledges the need for urgent measures to stabilise the Nigerian economy.
“The recent fall of the Naira against major world currencies, particularly the dollar, has had a profound impact on the lives of ordinary Nigerians.
“We call on the government to implement sustainable economic policies that will bolster our local currency, stimulate investments and revitalise key sectors.”
The national religious body also called on the FG to foster an environment for businesses to thrive, which would help in job creaton and alleviate poverty.
“By fostering an enabling environment for entrepreneurship and providing necessary support to small and medium-sized enterprises, we can create jobs and alleviate poverty, ultimately improving the quality of life for all citizens.
“Moreover, the escalating state of insecurity, especially in the South East region, demands immediate attention.
“We express deep concern over the spate of violence and bloodshed that has plagued communities, leading to loss of lives and displacement of innocent citizens,” he added.
Continuing, the CAN urged the “government to intensify efforts in combating terrorism, banditry, and all forms of criminal activities”
According to the Archbishop, the CAN would love to see adequate resources allocated to security agencies and urged the security operatives to collaborate more with local communities.
In addition, the CAN noted that in fighting terrorism, intelligence gathering must be strengthened.
“Restoring peace and security is vital not only for the affected regions but for the entire nation, as it will enable people to return to their farms, fostering food security and sustainable development.
“Furthermore, we emphasise the need for unity and national cohesion. Nigeria’s strength lies in its diversity, and we must harness this diversity for the common good of all citizens. Together, we can build bridges of understanding and foster an environment where all citizens feel valued and protected,” CAN stated.
The CAN wants to see the FG prioritise quality education and healthcare which, in its opinion, are “fundamental rights that must be guaranteed to every Nigerian. By investing in these critical sectors, we empower our youth with knowledge and skills and ensure the well-being of our citizens, particularly the vulnerable.”
According to Archbishop Okoh, the CAN was aware of the ongoing negotiations between the FG and organised labour on the removal of fuel subsidies, for which he urged both parties to seek a balanced solution that minimises the impact on vulnerable Nigerians.
Archbishop Okoh said, “The removal of subsidies is a significant economic adjustment with far-reaching consequences.
“We understand the government’s reasons but acknowledge the resulting distress and hardship.
“In conclusion, as we celebrate Nigeria’s 63rd Independence anniversary, let us not forget the challenges that confront us.
“CAN remains committed to promoting initiatives towards a prosperous and peaceful Nigeria. By doing so, we can achieve sustainable development, foster peace, and create a nation where every Nigerian can thrive.”
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.
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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.
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.”
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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.
Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.
The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.
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Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.
He urged the committee to carry out its assignment thoroughly and within the bounds of the law.
In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.
“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.
“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”
The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.
“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”
He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.
“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.
The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.
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