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Fuel subsidy removal creates fiscal headroom for devt–Minister

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The Minister of Information and National Orientation, Mohammed Idris, says the removal of fuel subsidy has created fiscal headroom for the Federal Government to pursue developmental projects across the country.

Idris stated this on Thursday when he paid an official visit to Gov. Agbu Kefas of Taraba in Jalingo, on the sidelines of activities marking Taraba’s 35 years of existence.

The theme of the anniversary was “Celebrating 35 Years of Unity, Peace and Progress.”

The minister said the administration of President Bola Tinubu had, since assuming office on May 29, 2023, introduced a number of reforms aimed at repositioning the Nigerian economy.

He listed the removal of fuel subsidy and the unification of the foreign exchange market, among others, as major reforms undertaken by the administration.

Idris said Nigeria was facing one of its toughest economic challenges before Tinubu assumed office on May 29, 2023.

The minister said about 27 of the 36 states in the country were at the time unable to pay the salaries and wages of their workers because of the difficult economic situation.

He added that there was also no provision for the continuation of fuel subsidy beyond June 2023 when the President assumed office.

Idris noted that several individuals who had aspired to lead the country had acknowledged the need to address the subsidy regime.

He said Tinubu took the decision to remove the subsidy immediately after assuming office and had remained committed to the reform in spite of the challenges associated with it.

The minister said the removal of the subsidy had provided the federal and state governments with additional fiscal space to undertake developmental programmes.

He said the resources had made it possible for governments at different levels to embark on infrastructure projects and reposition key sectors of the economy.

Idris said Nigerians could see construction and other development projects taking place in different parts of the country as a result of increased fiscal capacity.

He argued that such projects would have been difficult to undertake without the resources generated through the reforms.

The minister also highlighted the Nigerian Education Loan Fund (NELFUND) as one of the flagship programmes of the Tinubu administration.

He said more than 1.2 million young Nigerians had so far benefited from the scheme, enabling them to remain in school in spite of financial challenges.

According to Idris, the Federal Government has not only provided tuition support for beneficiaries but also introduced stipends to help students remain in school.

He said the programme was designed without political, ethnic, religious or geographical discrimination.

Idris explained that applicants were not required to disclose their political affiliation, ethnicity or religion before accessing the education loan scheme.

He said the objective of the President was to ensure that every young Nigerian who had the credentials and desire to pursue education was given an opportunity to do so.

The minister said the policy was aimed at preventing children from being excluded from education because their parents or guardians could not afford school fees.

He also said the foreign exchange reforms had helped to create greater predictability for businesses operating in the country.

Idris recalled that businesses previously faced difficulties planning because exchange rates could change several times within the same day.

He said the situation had made it difficult for entrepreneurs to predict costs and determine the likely outcomes of their investments.

According to him, the reforms have improved stability and provided businesses with a more predictable environment for planning and investment.

The minister further said international financial institutions had become more willing to engage with Nigeria as a result of reforms undertaken by the administration.

He said Nigeria had also made progress in addressing concerns relating to money laundering, terrorism financing and other illicit financial transactions.

Idris said the country’s removal from the Financial Action Task Force (FATF) grey list had further strengthened its reputation as a destination for legitimate business and investment.

He also noted that Nigeria’s gross domestic product was growing, while headline and food inflation had been trending downward.

The minister said the country’s foreign reserves had risen beyond 50 billion dollars, describing the development as a major achievement.

He said the improved economic environment was also attracting increased interest in Taraba State because of the collaboration between the state and federal government.

Idris acknowledged that security challenges remained in some parts of the country but said the federal government and state governments were working together to improve the safety of citizens.

He said the proposal for state police, which he noted was now supported by the governors, would bring policing closer to the people and enhance the protection of lives and property.

The minister expressed delight at being invited to Taraba to witness the state’s anniversary and commended the administration for its achievements in 35 years.

Responding, Kefas said his administration had continued to enjoy the support and cooperation of the federal government under President Tinubu.

The governor said the President had given his administration the necessary support and free hand to translate federal policies into projects capable of improving the lives of citizens.

Kefas said Taraba had declared free education for primary and secondary school students and had been paying examination fees to reduce the financial burden on parents.

He said the state had also benefited from improved security cooperation with the federal government, adding that the collaboration had contributed to greater stability.

The governor said several projects had been completed, while others were ongoing across the state, adding that the support of the President had contributed significantly to the achievements.

Kefas said his administration had also continued to pay monthly salaries of workers and implemented the minimum wage, noting that the N30,000 minimum wage had not been implemented when he assumed office.

He said his administration had subsequently implemented the minimum wage and pursued other policies aimed at improving the welfare of residents.

The governor said Taraba was working in line with the vision of the President to move the state forward and expressed optimism that the establishment of state police would further enhance security and development.

Kefas congratulated the people of Taraba on the 35th anniversary of the state, adding that his administration remained committed to building on the achievements recorded while preparing the state for a more prosperous future.(NAN).

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Crime

Insecurity: Military places N30m bounty on ‘Gentle The Yahoo’

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By Our Reporter

The Joint Task Force South-East, Operation Udoka, has declared Ifeanyi Eze Okorienta, popularly known as “Gentle The Yahoo,” wanted over alleged threats to peace and security in the South-East.

The task force announced a N30 million reward for credible information that could lead to Okorienta’s arrest.

In a wanted notice issued by the military formation, Okorienta was identified as a person considered a threat to peace in the region, while residents were urged to assist security agencies with information on his whereabouts.

According to the notice, a “reward of N30,000,000” awaits anyone whose credible information leads to his capture.

The military also appealed to residents to support ongoing efforts to tackle violence and criminality across the South-East, with the message: “Give Peace a Chance.”

Members of the public who have useful information about the wanted individual were advised to contact security authorities through 193 or 0806 795 9570. The task force assured informants that they could provide information anonymously.

A photograph of Okorienta was included in the wanted notice alongside the inscription: “No Violence, No Criminality in the South East.”

The development comes against the backdrop of intensified military and security operations across the South-East aimed at tracking individuals suspected of involvement in violent and other criminal activities.

The task force further cautioned members of the public against attempting to apprehend Okorienta themselves if they encounter him.

Instead, residents were urged to promptly alert the security authorities through the designated telephone lines to enable security personnel to take appropriate action.

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General News

Copyright commission seizes pirated books worth N7 million at Garki market

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The Nigerian Copyright Commission (NCC) has confiscated several cartons of pirated literary works with street value worth N7 million at the popular Garki market in the Federal  Capital Territory(FCT).

Mrs Ijeoma Egbunike, the commission’s   Director of Public Affairs, disclosed this in a statement on Sunday in Abuja.

According to the statement, Mr Femi Ajala, Director of Operation of NCC, who led the enforcement team, said the raid is part of the commission’s renewed campaign against piracy.

He said the  team was able to achieve its goal  with the support of armed police personnel from the FCT Command.

“Acting on credible intelligence, regarding the suspected storage and distribution of pirated books, we were able to move into the location.

“We discovered a substantial quantity of books suspected to have been reproduced and distributed without the authorisation of the respective copyright owners.

“We gained access to the store, seized and evacuated several cartons and bags of suspected infringing publications and subsequently sealed the premises,” he said.

Ajala added that the successful raid was part of NCC’s intelligence-driven approach to disrupting copyright piracy and protecting the legitimate interests of authors, publishers and other right owners.

While reiterating the commission’s zero-tolerance stance against piracy, the director of operation stressed that it remained a serious threat to Nigeria’s creative and publishing industries.

According to him, the illicit business deprives legitimate right owners of income from their works, and undermine continued investment in creativity and publishing.

“The operation was intelligence-driven. We received information about the location and acted on that intelligence.

“The volume of books recovered which worth N7 million shows the seriousness of the situation and the need for sustained enforcement,” he added.

He further explained that the commission would not relent in tracking down those involved in illegal reproduction, distribution and commercial exploitation of copyrighted works.

“The Commission will continue to disrupt piracy activities and investigate all those involved,” he said.

Ajala assured that further investigation would commence immediately to establish the ownership, source, distribution network and other circumstances surrounding the seized publications.

According to him, the investigation will be carried out with a view to identifying those responsible and ensuring that they face the full weight of the law.

He further warned pirates and other persons engaged in the commercial exploitation of copyrighted works without the requisite authorisation, that the commission would continue to deploy its enforcement operations to disrupt their activities.

He emphasised that the fight against book piracy was not merely an enforcement issue, but a critical intervention to protect Nigeria’s authors, publishers, researchers, educators and the wider creative economy.

He, therefore, urged members of the public, right owners, publishers and other stakeholders to always provide relevant information that could assist the commission in identifying and disrupting piracy networks.

According to the commission, some of the books titles seized during the raid include; ‘Purple Hibiscus’,  ‘The Magic of Thinking Big’,  ‘ ‘New General Mathematics for Senior and Junior Secondary Schools 1,2 and 3’, ‘Stan Basic Science and Technology for Primary School’,  ‘Work Book 3’,  ‘Lantern , Steps to Quantitative and Verbal Reasoning 3’.

Others included ‘Classic Basic Technology for Junior Secondary Schools 3’, ‘ Active Basic Science and Technology for Junior Secondary Schools and Work Book 2’,  ‘Queen Primer’,  ‘Royal School Series Part 1’, ‘WABP Physical and Health Education for Primary Schools 1 and 4’.

Other seized titles inluded ‘Learn Mathematics 5’; ‘New School Physics for Senior Secondary Schools’,  ‘MacMillan Champion Primary Mathematics 3 and 4’,  ‘Tonad’,  ‘Essential Commerce for Senior Secondary Schools’, among others.(NAN).

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General News

Troops ​‌‍​‌‍‌‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto

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The troops of COAS Special Intervention Battalion 7 of Sector 2, Operation FANSAN YAMMA have foiled terrorists attack and recovered high-calibre guns and motorcycles in Tangaza Local Government Area (LGA) of Sokoto State.

Lt.-Col. Olaniyi Osoba, Acting Deputy Director, Army Public Relations, 8 Division, Nigerian Army, disclosed this in a statement on Sunday in Sokoto.

Osoba said during the operation which occurred on Saturday, troops advanced through identified terrorist threat enclaves, including Manu, Alkasim and Kandam villages, as well as the Magarya Forest axis.

“Upon making contact with the terrorists within the Magarya forest enclave, troops engaged the terrorist elements with superior firepower, forcing them to abandon their positions and flee into the deep forest,” he said.

Osoba further said that troops’ follow-up operations and a thorough search of the general area led to the recovery of significant arms, ammunition and mobility assets.

“The recovered items include one PKT Machine Gun, AK-47 Rifles, large quantity of 7.62 x 54mm belted ammunition, motorcycles and assorted logistical and miscellaneous items.”

According to Osoba, troops maintain a strong operational posture and continue to dominate the general area to ensure the total security of surrounding communities.(NAN).

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