A 42-year-old man, Friday Buoro, was on Tuesday arraigned in a Gudu Upper Area Court, Abuja, for alleged attempt to commit an offence. The defendant, a resident of Nasarawa State, was docked on a count charge of attempt to commit an offence. The prosecutor, Donaldtus Abbah, told the court that Omole Victor, a security man…
An economist, Prof. Sarah Anyanwu has advised the Federal Government to take into focus the country’s hyperinflation in the implementation of the 2017 budget.
Hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation.
Anyanwu, a former Head of Economics Department, University of Abuja, said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.
She said considering the current inflation rate in the planning stage would ensure successful implementation of the budget.
The key assumption on inflation in the budget is 15.74 per cent while the latest inflation is 16.25 per cent.
“If actually the government has taken care of inflation during the budget formulation, it will not affect implementation.
“If the amount budgeted for Ministries Departments and Agencies (MDAs) was not taken care of during budget formulation and approval, it will definitely affect the implementation.
“What it means is that the amount released will not be enough for project implementation and there will always be budget deficit.
“There will be budget deficit since prices of material have gone up subsequently leading to incomplete and abandoned projects.’’
According to her, the government may need to prepare supplementary budget to take care of high level of inflation.
Speaking on the latest inflation rate, the don said that the figures were still on the high side in spite of efforts of the government to bring it down.
According to the National Bureau of Statistics (NBS), the country’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April.
This is the fourth consecutive decline in the rate of inflation since January.
Anyanwu explained that the Consumer Price Index (CPI) only dropped on month-on-month basis, saying it rose on year-on-year basis.
“The inflation is still very high; we appreciate the efforts of the government to lower this inflation rate because it has a lot of implications.
“It has a lot of implication on micro economic variables, especially on investment, interest, exchange rates and Gross Domestic Product at large.
“The decrease is still very small, we need to put in place more efforts with the type of hyperinflation happening in the country which discourages investment.
“The government needs to bring the inflation to three or four per cent,’’ she said. (NAN)
— 15th August 2017
From: Ali Abare, Gombe Gombe State has so far airlifted 1,800 of its intending pilgrims to Saudi Arabia for the 2017 pilgrimage. The state’s Amirul Hajj, Amb. Haruna Garba, disclosed this to journalists, on Tuesday. Garba said that the state’s Pilgrims Welfare Board commenced the airlifting of intending pilgrims to the holy land from 1st August 2017…
— 15th August 2017
A fight has broken out at the Wuse market between Hausa and Igbo traders over President Muhammadu Buhari. Two persons are seriously injured while traders have locked up their shops. The brawl started when socialite, Charles Oputa popularly known as Charly boy took his protest against President Buhari to the market. He was beaten up…
— 15th August 2017
The Nigerian Army on Tuesday inaugurated a human rights desk to bolster its military engagements in the North East. Head of Civil-Military Relations in the Army Headquarters, Maj.-Gen. Nuhu Angbazo, said the unit was located at the 7 Division of the Nigerian Army, based in Maiduguri. According to him, the human rights desk is to…
— 15th August 2017
Two men, Ayodele Olalekan and Babangida Nwunyi, were on Tuesday arraigned before a Masaka Upper Area Court in Nasarawa State for alleged criminal conspiracy. The accused persons of Jankawa Village, Masaka, are standing trial on a five-count charge of conspiracy, defamation of character, impersonation, criminal intimidation and attempt to “commit an offence to wit cheating”….
Entertainment— 13th August 2017
By Christian Agadibe Having carved a place in Nollywood as an A-list actress, Ebube Nwagbo branched into movie production and did well for herself. The Anambra State indigene and star of Arrested By Love in this interview with Entertainer, opens up on her career, most challenging role and new movie, Not Enough. How did you…
South-West Report— 10th August 2017
New yam commemorations set troubled Ekiti community aglow From Wole Balogun, Ado-Ekiti The new yam festival to celebrate a bumper harvest was held recently in Ikere-Ekiti, a major community in Ikere Local Government of Ekiti State. It helped douse the tension due to some ugly developments that pitched some sections of the town against government….
Abuja Metro— 9th August 2017
• How I used mai ruwa business to fund degree programme in ABU •I’ll fight for the poor, won’t marry more than one wife By Kemi Yesufu Nasiru Muazu Mato’s story is inspiring as it is a challenge to those making excuses for not making their dreams come true. After Mato lost his father at three,…
Oriental News— 9th August 2017
…As community celebrates Nwafor Festival From Jeff Amechi Agbodo, Onitsha Ogidi people in Idemili North Local Government Area of Anambra State have celebrated their annual Nwafor Festival to mark the end of the planting season in their community. The festival, which lasted for four Igbo market days and mainly celebrated by the menfolks, was also…
Features— 15th August 2017
By Friday Nwigboji On Wednesday, July 12, 2017, Chief Press Secretary to Governor David Umahi of Ebonyi State, Mr. Emma Uzor, published an article in Daily Sun with the above headline, wherein he malign the former Governor of the state, Chief Martin Elechi. Before descending on the very substance of that article, one would wish…
Literary Review— 11th August 2017
By HENRY AKUBUIRO Acclaimed Nigerian folklorist, Dr. Bukar Usman, will be a feast for the eyes as the International Conference on Alhaji Mamman Shata Katsina and Mahamadou Gao Filingue gets underway at the University of Tahoua, Niger Republic, on Thursday, August 17, 2017. Jointly organised by the University of Tahoua and Pleasant Library and Book…
Lifeline— 15th August 2017
•Commuters urge Lagos State govt to repair damaged portion By Kehinde Aderemi Lagos is synonymous with gridlocks. From the Island to the Mainland, Ikeja through Ikorodu to Oshodi and Sango, no part is spared. People languish in traffic for hours on end. This is one of the perennial challenges visitors and residents of the metropolis…
Education Review— 15th August 2017
• At this year’s school-graduating ceremonies, pupils showcase our rich culture as parents share stories of how they waded through flood to take their kids to school • How you can help your child make the best of this holiday By Jet Stanley Madu At the recent graduation ceremony of Ricphe Nursery and Primary School,…
Marketing Matters— 30th November 2016
It was a unique gathering of major stakeholders in Nigeria’s marketing industry when the Advertisers Association of Nigeria (ADVAN) rolled out the red carpet to celebrate outstanding achievers at the 2016 ADVAN Awards for Marketing Excellence at the MUSON Centre, Onikan, Lagos, last weekend. The event threw up new champions who would bask in the…
TSWeekend— 14th August 2017
By Zika Bobby Rotary Club of Igbobi Central, District 9110 – Nigeria has donated wheel chairs, smart canes, writing frames and stylus to people with disabilities in Lagos. Lucky Gbagi donated the materials during his installation ceremony as the 31st president of the club for the 2017/2018 Rotary Year. Gbagi also, on behalf of the…
SINCE the creation of Abia State in 1991, the greatest socio-political tragedy is the formation of an association called “Ukwa-Ngwa”, which also has a famished elders’ council whose members are largely mercenaries. This is a union between the oil-producing Ukwa (Ndoki) and Ngwa communities in the state. Initially, most people did not take the existence…
Last week travelled faster than light, figuratively speaking. Its very first day opened with gunmen said to be Nigerians who reside in South Africa dastardly attacking St. Philips Catholic Church, Ozubulu, Anambra State. Twenty-four hours thence, a typical Nigerian drama played out. Ageless Charly Boy and a handful of citizens who didn’t look anything like…
The perilous times are indeed with us. Death stalks man, even in the most unlikely places, the citadel of worship, because our worship is abomination unto God, no thanks to the hardness of the hearts of men. We have shunned the persistent nudging of our inner being, the open wound that only righteousness can heal,…
In Biafra, under three years, they were making their own rockets and calculating its distances; distilling their own oil and making aviation fuel, creating in their Chemical and Biological laboratories, new cures for diseases like Cholera, shaping their own spare parts, and turning the entire East into a vast workshop, as Ojukwu put it. At…
“that the birds of worry and care fly over your head, this you cannot change, but that they build nests in your hair, this you can prevent,” says a Chinese Proverb. We all worry from time to time but PsychAlive and the Bible quote below show it is perhaps more harmful than what we worry about. …
are you in love with your partner or are you just attached to them? Do you want to be with them because you love them or because you don’t want someone else to have them? Being in love with someone means nurturing and creating a relationship based on genuine love and not attachment. Below are…
Dear readers, is happiness just a state of bliss and smiles? Or is their a distinction between true happiness and just happy? I submit that “true happiness with one’s partner comes from a state of contentment that has nothing to do with your material possession. Consider the following: Chineme and Paul, her husband of 22…
My Government teacher at JAMB class took special interest in me because I performed excellently in his subject. Often times after class, he would call me to encourage me about my studies. I wasn’t suspicious because our Literature teacher back then was a man and he also took special interest in my academic work. This teacher…
In my last reflection on the global personality, Professor Toyin Falola, the Jacob and Frances Sanger Mossiker Chair in the Humanities at the University of Texas at Austin, United States of America, and Africa’s preeminent historian, I situated a critical dimension of his intellectual eminence within the triad factors of Nigeria’s, and Africa’s, development, the…
Post-Independence Nigeria has struggled with the issue of identity and accurate census. Since the rebirth of democracy in 1999, the nation has gone through several identity motions, all amounting to zilch, the worst being the national ID card project midwifed by Chief Olusegun Obasanjo government. That project was powered by a French company, Sagem, but…