Uncategorized
AS NIGERIA DROPS FROM BEING THE LARGEST ECONOMY IN AFRICA TO THE 4TH PLACE: REFLECTING THE OBVIOUS.
Our policy makers, advisers and experts need to evaluate/test the assertions of the IMF/World Bank Economic Outlook Database (2024) on the Nigeria’s possible economic stagnation, gainst the nation’s current and recent past basic macroeconomic fundamentals. Fundamentals such as the rates and rates of inflation, exchange as well as unemployment and balance of trade, among others. A case of moving from the known to the unknown.
The average figures derived over the past couple of years up to the first quarter of 2024 according to nbs stood thus; inflation over 25% (33%,March ’24), exchange rate ( over 40% depreciation), 5% composite national unemployment while those in the youth (15-24) bracket 53%.
The balance trade took a heavy knock too, to the extent of eroding over 90% of surplus in 2023/24 balance from a not too encouraging previous trends. A serious challenge for a primary product/commodities exporting country.
One may take a different stand on the weightings of these factors, there is no denying the influence/impact on economic performance and the well-being of the people. The they largely determine the pace of GDP growth. The nation, obviously has not fared well in this regard.
For the Nigerian economy to pull out of inertia the, rate of GDP growth should be above 5% consistently in the foreseeable future. This will half the poor indices so cited. A tall order, one may say, because the task needs to be leveraged on infrastructure, security and blocking leakages.
Unfortunately all three are yet to show signs of improvements, after decades challenges. Power supply which is a huge enabler of economic development is still comotose and barely responding to “shock” treatment. The conditions of highways are still challenging. Corruptions drains a substantial part of the annual national budgets. Equally dire, is the level of joblessness as opportunities for both paid and self employment are fast drying up due largely to the harsh operational environments for both existing venture and startups that normally hire labour.
And the agricultural sector that normally should be a major employer of the labour in a less developed economy like Nigeria has been seriously constrained by the activities of insurgents, terrorists, marauding herdsmen and separative movements across parts of the country. Incidentally, even with the best of intentions and the strongest political will, history tells that it takes not less than a decade to turn such challenges around for the better. Ask Egypt, Brazil, India, Indonesia and a host of similar economies.
Let the power sector be up and doing. Let 50% (at least) of the about 60,000 km of road networks be fixed to facilitate the movement of goods and services. Let the the insurgents, terrorists and the marauding herdsmen be degraded to a level of incapacity. And let nature smile on the nation with abundant rainfall to ensure bumper harvest so that food prices would come down and with it inflation as high food prices constitute a large part thereof.
Maybe the Indian model of economic diversification driven by SMEs and currently the ICT and underpinned by the Brazilian legal system that could jail a former President needs to be looked into and adapted as appropriate.
Things could however work if the Judiciary is reformed, for a start. Else the little successes (removing fuel subsidy, floating the Naira, etc) so contemplated but never actually by past Administrations but never executed, may prove too inadequate regardless of their multiplier effects. The impacts of such reforms are maximised when carried out simultaneously with the stimulation of the productive forces/agents (agriculture, power, infrastructure SMEs, human capital etc) of the economy. This is to mitigate the inherent short term painful effects of such strategies on the society.
A. G. Abubakar
agbarewa@gmail.com
Inna Lillahi wa Inna Ilaihir-Raji’un.
The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.
Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.
Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.
Uncategorized
JUST IN: After Primary Election Victory, Shehu Sani Visits Parents’ Graves to Offer Prayers and Express Gratitude to God
Following his victory in the party primary election, Senator Shehu Sani visited the graves of his parents to pray and give thanks to Almighty God.
The former senator described the visit as very important to him, noting that his parents played a significant role in his upbringing and in shaping his political life.
Shehu Sani prayed for Allah to forgive his parents and all deceased Muslims, while also reaffirming his commitment to continue serving the people with honesty and integrity after securing victory in the primaries.
The gesture has attracted attention from his supporters and social media users, many of whom praised his act of remembering his parents after a political success.
Inna Lillahi wa Inna Ilaihir-Raji’un.
The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.
Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.
Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.
Dr. Nafiu Sankara Emerges as Kano Central Senatorial Candidate Ahead of the Next Elections
National Trail Mourns Pioneer Editor, Abdulazeez Suleiman
Hon. Jaafaru Yakubu Declared Winner of Bali/Gassol Federal Constituency in Taraba
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