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Nigeria is heading towards recession – Zainab Ahmed

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Zainab Ahmed, Nigeria’s Minister of Finance, has said that the coronavirus pandemic and falling oil prices are set to force Nigeria’s economy into recession.
The Minister made this known today May 21, while speaking to state house correspondents shortly after attending the National Economic Summit meeting in Abuja. .
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. “On the economy, COVID-19 has resulted in the collapse in oil prices. This will impact negatively, and the impact has already started showing on the federation’s revenues and on the foreign exchange earnings. .
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Net oil and gas revenue and influx to the federation account in the first quarter of 2020 amounted to N940.91billion.  This represented a shortfall of N125. 52billion or 31% of the prorated amount that is supposed to have been realized by the end of that first quarter.” she said .
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She added that the economic contraction will multiply the misery of the poor.
“The crisis will only multiply this misery,” she said. “The economic growth in Nigeria, that is the GDP, could in the worst case scenario, contract by  as much as –8.94% in 2020.  But in the best case, which is the case we are working on, it could be a contraction of –4.4%, if there is no fiscal stimulus.  But with the fiscal stimulus plan that we are working on, this contraction can be mitigated and we might end up with a negative –0.59%.”

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The British Left Two Devils Behind When They Left Nigeria -Bode George

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“I have said it before, there are two devils left behind when the British left Nigeria. The first was tribalism. They planted it as a devil and the second is Religious bigotry. What has these issues got to do with managing people.

“Nobody selected himself that I want to be Yoruba, Igbo or Hausa man. No. You just popped out and whether you are a Muslim or Christian is irrelevant.

“In all religions that I know, you are told to love your Neighbor as yourself. What you will not accept, don’t do it to another neighbor because if you pack up and die, that’s the end. Let us have an impact of governance.” -Chief Bode George On AriseTV News

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After years of evading arrest, NDLEA nabs most wanted Lagos drug baron, Temo

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After many years of wearing the toga of invincibility, the overall head of the Mushin, Lagos drug cartel, 57-year-old Alhaji Sulaiman Jimoh (alias Olowoidiogede, populary known as Temo), has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA, at his enclave after an initial resistance from him and his horde of hoodlums.

In the last two years, the NDLEA had intercepted large consignments of illicit drugs worth billions of naira owned by Temo but he has remained largely evasive while a few encounters with him and his armed gangs in his Mushin enclave had resulted in gunfight.

Some of the recent seizures of his shipments include: a 14, 524.8 kilograms of Ghana Loud, a strong strain of cannabis sativa, smuggled into Lagos from Ghana in two trucks and a J5 bus intercepted at Ojuelegba area of Lagos in the early hours of Sunday 28th January 2024; two truck-loads of the same substance weighing 8,852kg intercepted at Eleko beach, Lekki Lagos on 4th May 2023 and 252kg of Loud seized from his enclave in Mushin on Wednesday 26th July 2023. Indeed, in the last two encounters, his men engaged NDLEA operatives in gunfight.

The drug kingpin was very notorious for always being on the move to evade arrest but with persistence and determination of the Agency aided by modern tools and intelligence, the concerted effort to get him paid off at 10am on Monday 22nd July 2024 when NDLEA’s surveillance teams on his trail tracked and pinned him down at Igbarere street, Mushin. A reinforcement of about 50 operatives was immediately mobilized to the area while he was attempting to escape in a Mercedes Benz SUV GLE 350 marked 01G-300G. His attempt to escape by mobilizing hoodlums to engage and distract the operatives however failed after which he was overpowered and whisked away from the chaotic scene while his men surrendered to the superior firepower of the anti-narcotic agents who also succeeded in recovering the Mercedes Benz SUV the suspect was found in.

In his reaction to the arrest of Temo, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) commen

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Peter Obi Writes Onanuga, Demands Apology, N5bn within 72 Hours

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The Presidential Candidate of our Labour Party in the 2023 general elections, Peter Obi has demanded from the Special Adviser on Communication and Strategy to the President, Mr. Bayo Onanuga, the retraction of his wild allegation, linking him as behind the planned mass protest being planned for August.

Obi, writing through his counsel, Chief Alex Ejesieme, SAN of the MADIBA Chambers, said that the allegation which was widely published in social and mainstream media and read by many within and outside the country maligned his hard-earned reputation as a man who indulges in violence when all his antecedents are vivid that he abhors violence even in the face of extreme provocation.

“It’s our client’s conviction that the publication was a calculated plot to demean, ridicule, humiliate and embarrass him by the estimation of every right thinking member of the society”

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