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Nigeria’s Economy Remains Weak With ‘Too Much Unemployment’ Despite Exit From Recession —- Tinubu

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All Progressives Congress Leader, Bola Tinubu, says though Nigeria has exited recession the country’s economy remains weak.

Tinubu stated this in Kaduna on Saturday while delivering a speech as the chairman of the 2021 Sardauna Memorial Lecture held in honour of one of Nigeria’s founding fathers, the late Sir, Ahmadu Bello.

Speaking on Saturday on the topic, ‘Reduction of the Cost of Governance for Inclusive Growth and Youth Development in Northern Nigeria in a Post-COVID-19 Era’, the former governor of Lagos State said though the regime of the President, Major General Muhammadu Buhari (retd.), put buffers in place during the recession, the country’s economy still remained weak with “too much unemployment”.

Tinubu said, “In the midst of our local challenges came the COVID-19 pandemic, with its debilitating impact on the global and domestic economies. Nigeria, like many other countries, has not been spared the impact of the pandemic.

“Commendably, however, President Muhammadu Buhari has been carefully steering the country through the pandemic such that the negative impact on us and the economy has not been as harsh as it might have been. The economy’s relapse into recession has ended but we must admit the economy remains weak with too much unemployment and resources left idle.”

The APC stalwart also warned against wasteful spending amongst government officials, saying the government must spend money to yield economic returns for the benefit of the masses.

He said, “Fiscal wisdom but not necessarily austerity is required for an economy like ours in a time like this, to ensure equitable wealth redistribution and meaningful use of resources.

“The years have shown that the private sector is much too weak to spur the growth we need. If the private sector could manage this feat, it would have already done so. Where the private sector is too weak or unable, the government must fill the void.

“This means the government must not be afraid to embark on an active fiscal policy to create jobs, build infrastructure and develop our industrial sector as well as continue to improve agriculture. This means the government must spend money but spend it on those things that bring the requisite economic returns for the nation.”

The ex-Lagos governor also said job creation remained key to ending restiveness and criminality amongst Nigeria’s young population.

“While states and local government must shape their budgets to fit their revenues, the federal government can and should spend more to create more jobs for the youth in both the north and south which is key to eradicating restiveness and sundry criminality among the youth,” Tinubu opined, adding, “Urban populations are growing but urban jobs are not. Here, the government must implement a national industrial policy to encourage key industries to begin to employ this growing urban workforce.”

BIG STORY

My Administration Has Brought Visible Developments To The State, Lagosians Will Re-Elect Me In 2023 – Sanwo-Olu

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Governor Babajide Sanwo-Olu of Lagos State has said he is confident that the electorates in the state will re-elect him to steer the affairs of the state for another four years given his record of achievements.

He spoke during a chat on Channels TV’s Sunday Politics program.

Governor Sanwo-Olu, alongside 14 others, will be jostling for the governorship seat in 2023.

He said his administration had brought in development that can be seen and felt by the state’s residents.

“I managed the emergency of the city. Today alone, there are emergencies that have been reported today alone. I’ve recruited over 650 fire service men. I’ve bought 64 brand new trucks that you will come, I will invite you for commissioning.

“I spent over a billion to take off the refuse in Lagos. We’re creating a sanitary landfill site. That’s what we’re doing. We’re building 1618 kilometres of rigid pavement road that runs to tens of billions. We’re building the biggest market in the country because that’s what we’re doing.”

When he was asked if he saw one of his challengers, Olajide Adediran of the PDP, and his deputy, Funke Akindele, a filmmaker, as a threat, Sanwo-Olu said he is the most preferred candidate because he is more experienced.

“So you know, like I said if you have an emergency, who would you call? What are your chances? Do you call the man that has the experience that has gone through the trenches before that has lived with it that understands what the issues are,” he said.

“That appreciate what challenge you have even at 3 a.m. or will you leave your chance to someone that doesn’t know where the dial is or that doesn’t even know what the issues of governance are? This is Lagos.

“This is an informed audience. This is not a tea party. We’re talking about real governance. We’re talking about the lives of 20-plus million Nigerians.

Sanwo-Olu added that Lagos cannot be left in the hands of someone who “cannot run a business that has 100 people.”

The Governor noted that traffic robberies and accidents have significantly reduced following the directive on motorcycle (okada) transportation.

Okada riders were banned by the governor from plying in six local government areas in the state – Eti-Osa, Ikeja, Surulere, Lagos Island, Lagos Mainland, and Apapa and nine local government councils areas.

It is not the first time the government would impose the measure.

In January 2020, the government banned the operation of motorcyclists in 15 local councils across the state.

The governor said that since he gave the directive to restrict the motorcyclists in certain areas of the state, residents have written to him commending the development.

“We’ve also seen a significant drop in accidents. You know, we don’t see people being lame, you know, cutting off limbs in our hospitals again, because these were reckless driving that usually terminate people’s life, unexpectedly,” he said.

“We’ve seen tremendous improvement in that statistics to support. In terms of death drop in the last two months. At the peak of it, we saw about 550 Okada-related accidents at the peak of it in January for over a month.

“Now, it’s coming down to less than 100 direct Okada accidents that we’ve seen, from our hospitals.”

On Amotekun, Sanwo-Olu said there is no need to replicate the Western Nigeria Security Network called in Lagos.

He said the Lagos State Neighbourhood Safety Corp is a replica of the security outfit which “works closely” with the Nigerian Police Force.

“We have the Lagos State Neighbourhood Watch, which are almost 7,000 men that have been trained, that have been energized and are working day to day in the state,” he said.

“There’s no need to reinvent the wheel.”

Since its establishment in 2020, the security outfit has been operational in five states in the South-west except for Lagos.

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HEALTH: Nigeria Records 157 Monkeypox Cases, Four Deaths

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The Nigeria Centre for Disease Control (NCDC) has confirmed 157 cases of monkeypox across 26 states in the country.

This is contained in its latest monkeypox situation report for week 30, posted on its verified Twitter page.

According to the report, four deaths were recorded in 4 states – Delta (1), Lagos (1), Ondo (1), and Akwa Ibom (1) from January 1 to July 31, 2022.

So far, Nigeria has at least 413 suspected cases of monkeypox.

The report read in part, “There were fifty-six (56) new suspected cases reported in Epi week 30, 2022 (25th to 31st July 2022) from nineteen (19) states – Ondo (13), Plateau (8), Lagos (6), Adamawa (4), Abia (3), Borno (3), Delta (2), Kano (3), Anambra (2), Bayelsa (2), Kwara (2), Akwa Ibom (1), Gombe (1), Imo (1), Nasarawa (1), Osun (1), Oyo (1), Rivers (1) and Taraba (1).

“Of fifty-six (56)suspected cases, there were twenty-four (24) new confirmed positive cases in Epi week 30, 2022 from twelve (12) states – Ondo (5), Kano (3), Lagos (3), Abia (2), Adamawa (2), Bayelsa (2), Kwara (2), Delta (1), Anambra (1), Gombe (1), Rivers (1) and Nasarawa (1).

“From 1st January to 31st July 2022, there have now been 413 suspected cases and 157 confirmed cases (105 male, 52 female) from twenty-six (26) states – Lagos (20), Ondo (14), Adamawa (13), Delta (12), Bayelsa (12), Rivers (11), Edo (8), Nasarawa (8), Plateau (6), Anambra (6), FCT (5), Taraba (5), Kwara (5), Kano (5), Imo (4), Cross River (3), Borno (3), Oyo (3), Abia (3), Gombe (3), Katsina (2), Kogi (2), Niger (1), Ogun (1), Bauchi (1) and Akwa Ibom (1).

“Four deaths were recorded from 4 states – Delta (1), Lagos (1), Ondo (1), and Akwa Ibom (1).

“Overall, since the re-emergence of monkeypox in September 2017 and to 31st July 2022, a total of 925 suspected cases have been reported from 35 states in the country.”

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JUST IN: Bandits Kill Three, Abduct Scores In Taraba

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Bandits on Sunday night attacked and killed three persons while scores were reportedly abducted by the attackers in Bali town, the headquarters of Bali Local Government Area of Taraba State.

Several sources in Bali said that the attackers who rode on motorcycles attacked and killed a personnel of Taraba Marshall at a checkpoint near General Hospital before proceeding to individual houses to kill and abduct people.

The Tiv central leader and Chief of Tiv in Bali, Zaki David Gbaa (Ter Tiv Bali II) told our correspondent that two of his subjects were killed and scores, mostly women, were abducted in the attack.

“The attackers invaded the town at about 11: pm. Two of my subjects were killed in the attack, and two others who were badly injured are receiving treatment in the hospital.

“Many people, especially women, were abducted. It’s a terrible situation and I want to call on the government and security agencies to sit up and ensure the protection of the lives and property of citizens.

“For over four hours, the bandits held the town shooting sporadically and there was no response from security agencies. People are losing hope of the government’s ability to protect them and I think the bandits are no more than our security agencies,” he said.

This is even as the traditional ruler called on the government to support the injured who are receiving treatment in hospitals.

The attack came barely three days after bandits blocked the Mutum-Biyu- Garba Chede road killing a driver and abducting passengers in the neighboring Gassol Local Government area of the State.

Efforts to get the Police to react to the attack failed as the Taraba State Police Public Relations Officer, Abdullahi Usman, did not pick up calls made to his line.

But a police officer in the Taraba State Police Command told our correspondent that the PPRO was attending a security briefing.

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