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COVID-19: Don lauds President Buhari on financial stimulus package

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Dr Peter Adamu of Kaduna State University (KASU), has commended President Muhammadu Buhari for the development of a comprehensive financial stimulus policy to address the effect of COVID-19 pandemic on the nation’s economy.

Adamu, a lecturer with the Economic Department, KASU, gave the commendation in an interview with our correspondent on Tuesday in Kaduna.

Adamu, who was reacting to the presidential broadcast, noted that the president directed relevant Ministries, Department and Agencies (MDAs) to jointly develop a comprehensive policy for a “Nigerian economy functioning with COVID-19”.

He described the directive as “timely”, noting that the move would ensure that the Nigerian economy adapts to the new realities that confronts the nation’s present and immediate future.

The academic don said the policy, if well developed, would stimulate the economy during and post pandemic crises to herald increase production output as well as access to goods and services.

He pointed out that the Nigerian economy might slipped into recession immediately after the lockdown, stressing that having a policy in place was a good response to mitigate the effect.

COVID-19 lockdown: Inmates get relief package from Edo govt

“The effect of COVID-19 is hitting us in the immediate or the short term; it will hit us in the medium term, and this will be followed by a huge economic consequence in the long term.

“While government at all levels are rallying round to put some palliative measures in place to cushion the effect in the short term, the major concern should be the long-term effect.

“You may not see the real effect on the economy in the short term, while in the medium term you may see some people, particularly in the private sector losing their jobs,” he said.

The economist observed that that the private sector would be severely affected, compared with the public sector in the long run, stressing that the COVID-19 economic policy was key to ensuring the nations survival.

Adamu explained that cropping season has arrived, while the supply chain for agricultural inputs like fertilisers and improve seeds among other critical inputs were already affected by the lockdown.

According to him, this is the right time to come up with policies to support the economy and businesses including farmers to increase agricultural output.

“This is because if we do not increase our agricultural output, we will be forced to import food with huge financial implications from other countries who are equally shutdown.

“I, therefore, commend the Federal Government for putting critical fiscal and monetary measures in place to regulate the economy for the betterment of Nigerians.

“The Central Bank of Nigeria has already set aside N50 billion to support small and medium enterprises and another N1 trillion loan facility to the manufacturing sector, COVID-19 economic policy is on the way.

“All these is to stimulate the economy,” he said.

Adamu, however, stressed that the fiscal and monetary policies will only create the needed impact if they reached the targeted group.

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Super Eagles: Chelle Explains Decision to Invite New Players

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Super Eagles head coach Éric Chelle has defended his decision to hand opportunities to several new players during the Unity Cup and the international friendly against Poland, saying the move is part of efforts to strengthen the national team.

According to DAILY POST, Chelle included eight home-based players in his squad for the Unity Cup invitational tournament as he continues to assess new talents capable of improving the team.

Players such as Femi Azeez, Owen Oseni, Arthur Okonkwo, and Rafiu Durosinmi all made their debut appearances during the competition.

Banik Ostrava defender Abdullahi Bewene also earned his first cap for the Super Eagles in the friendly against Poland, while Genk defender Christian Akpan received a late invitation for the upcoming friendly against Portugal.

Speaking to the Super Eagles media team, Chelle said the inclusion of fresh faces is aimed at raising the quality and competitiveness of the squad.

“We have analysed our game over the past year and have tried to bring in players who can help the team grow,” Chelle said.

“We need to improve because, for me and for everyone, it is often the smallest details that make the difference between being the best team and winning a trophy.”

The Malian tactician has continued to experiment with his squad since taking charge, with a focus on building a stronger and more competitive team ahead of future international competitions.

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“I Left the Frying Pan for Hellfire” — Senatorial Aspirant Laments Exit from APC to NDC

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Ehiozuwa Agbonayinwa, an aspirant for the Edo South Senatorial seat under the platform of the Nigeria Democratic Congress (NDC), has expressed deep frustration over his experience in the party, describing his defection from the All Progressives Congress (APC) to the NDC as “moving from the frying pan into hellfire.”

Speaking on Arise NewsNews Day programme on Friday, the former member of the House of Representatives alleged that despite winning the party’s senatorial primary election, he is now being prevented from appearing on the ballot.

Agbonayinwa further accused the NDC’s national leader, Senator Seriake Dickson, of reneging on earlier encouragement for him to contest the Senate seat on the party’s platform. According to him, Dickson personally persuaded him to purchase the party’s expression of interest and nomination forms, only to later deny ever doing so.

“I have moved from the frying pan into hellfire,” Agbonayinwa said.

“After efforts to reach a consensus failed, we proceeded to a direct primary election. Party leaders brought all the aspirants together and encouraged us to step down for one another, but no agreement was reached.

“We went through a rigorous process. I understand the party is relatively new, but in all my years in both the APC and PDP, I have never witnessed this kind of situation. The primary election was held on May 29, and as of June 5, the results have still not been officially announced.”

The former lawmaker said he was particularly disappointed by the role allegedly played by Dickson, whom he described as a longtime friend and respected associate.

“Before joining the NDC, I reached out to Senator Seriake Dickson and later visited him at his residence. During our discussion, he asked why I could not pursue a Senate seat under the NDC platform.

“At the time, I was considering contesting for the House of Representatives, but after his suggestion, I told him I would consult with my political leaders. After doing so, I informed him of my decision and thanked him. To my surprise, the same person who encouraged me to obtain the nomination form has now claimed he never made such a recommendation,” he stated.

Agbonayinwa maintained that the handling of the primary election process has left him frustrated and disillusioned, raising concerns about transparency and internal democracy within the NDC.

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Some Nigerians Have Turned Insecurity Into a Commercial Venture — PDP Chieftain

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A chieftain of the Peoples Democratic Party (PDP), Anthony Ehilebo, has expressed concern over the worsening security situation in Nigeria, alleging that some individuals now view insecurity as a profitable enterprise.

Speaking on News Central’s Politics HQ on Friday, Ehilebo said the failure of authorities to bring perpetrators of major terrorist attacks and kidnappings to justice has contributed to the continued spread of insecurity across the country.

He cited the abduction of schoolgirls in Borno State and the attack on students in Buni Yadi as examples of incidents in which those responsible have not been adequately held accountable.

“When Boko Haram kidnapped girls in Borno State, till today we have not found those responsible and held them to account. Buni Yadi happened and nobody was held to account, and it spread to other schools,” he said.

Ehilebo noted that insecurity in Nigeria has evolved into different dimensions, including terrorism driven by extremist ideology and criminal activities motivated by financial gain.

“There are multiple facets and there is one that is solely domiciled within terrorism and if you look at the literal translation of Boko Haram, it means western education is haram according to radical Islamic teachings,” he stated.

He also alleged that some people now engage in kidnapping and related crimes for economic reasons, citing a recent case involving a senior special assistant in a state government who was reportedly arrested for allegedly staging her own abduction in an attempt to obtain ransom from the government.

“It has now become an industry and a commercial venture for some and for some it has become literally a religious thinking process,” he said.

The PDP chieftain argued that the lack of consequences for criminal acts has encouraged the persistence of insecurity, stressing that stronger political will is required to address the challenge effectively.

“The bottom line that has kept this is the consequence, which is almost driven by political will,” he added.

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