Buhari to address the nation on naira crisis, protests 7am Thursday – Newstrends
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Buhari to address the nation on naira crisis, protests 7am Thursday

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President Muhammadu Buhari will make a national broadcast at 7am on Thursday. Special Adviser to the President on Media & Publicity, Femi Adesina,

announced this in a statement late Wednesday.

“Television, radio stations and other electronic media outlets are enjoined to hook up to the network services of the Nigerian Television Authority and Radio Nigeria for the broadcast,” Adesina said in a statement.

The development comes amid nationwide outrage over the naira redesign policy of the Central Bank of Nigeria (CBN).

Nigerians have been battling with the scarcity of new naira notes— a development that has led to queues at banking halls, and automated teller machine (ATM) points.

There have been protests in some parts of the country due to the scarcity of new naira notes.

The Central Bank of Nigeria (CBN) had given a deadline of January 31 for the use of old naira notes — but it extended it to February 10.

On February 8, the supreme court temporarily restrained the federal government from banning the use of the old naira notes from February 10, 2023, pending the hearing of the matter on February 15.

Despite the court’s order, Emefiele insisted on the deadline.

The stance of the CBN governor has triggered confusion as filling stations, supermarkets, and other business owners have continued to reject the old naira notes.

There were protests across the country on Wednesday as banks were destroyed while security operatives reportedly gunned down some persons in Edo State.

The crisis was recorded in Oyo, Ondo, Kwara, Edo, Benue and Delta states.

The President would likely address the issue of the naira scarcity in his speech to Nigerians as against statements issued by his media team.

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Zamfara okays 100% increase in NYSC members’ state allowances

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April 26, 2025

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Zamfara okays 100% increase in NYSC members’ state allowances

National Youth Service Corps (NYSC) members posted to Zamfara State are set to receive double their previous state allowances following a directive by Governor Dauda Lawal.

The governor made this known on Friday during the opening ceremony of the 2025 Batch ‘A’ Stream I orientation course in Gusau. Represented by the Secretary to the State Government, Malam Abubakar Nakwada, Lawal reaffirmed his administration’s dedication to corps members’ security and welfare.

“I am happy to inform you that I have directed the resumption of payment of state allowances to all corps members in the state.“I have also directed the upward increments of corps members’ allowances by 100 percent.“My administration is also willing to pay special allowances to the medical corps members serving in the state,” he stated.

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He also encouraged the 550 corps members deployed to Zamfara to embrace the state’s cultural heritage and traditions.

“I assure corps members of adequate security and warm hospitality throughout their year of service in the state.“I wish to reiterate that we will pay full attention to your security and welfare.“We will give you all the necessary support to carry out your duties and will provide everything necessary to make your stay here a memorable one,” the governor added.

In his remarks, NYSC State Coordinator Mohammad Ahmad expressed gratitude for the state government’s ongoing backing of the scheme.

“We appreciate the state government for adequate provision of additional facilities as well as approval for the payment of state allowances to corps members,” Ahmad said.

Zamfara okays 100% increase in NYSC members’ state allowances

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Just in: Factional Zamfara assembly leaders want governor to represent budget

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April 24, 2025

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Just in: Factional Zamfara assembly leaders want governor to represent budget

A factional House of Assembly has emerged in Zamfara state with members demanding the re-presentation of the 2025 Appropriation Bill by Governor Dauda Lawal.

The group, made up of nine lawmakers who were suspended in February 2024 over allegations of misconduct, conspiracy, and illegal sitting, convened in Gusau, the state capital, and declared the formation of a parallel legislative body.

At the session, the lawmakers elected Hon. Bashir Aliyu Gummi as Speaker of the factional assembly.

During the sitting, the faction addressed several issues, including the state’s deteriorating security situation, economic challenges, and the recent reports of mass sackings within the state civil service allegedly carried out by the Lawal administration.

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The group further demanded that Governor Lawal re-present the 2025 budget, arguing that the process followed in its initial passage was flawed. The governor had originally submitted the N545 billion Appropriation Bill to the widely-known State House of Assembly led by Speaker Bilyaminu Ismail Moriki in December 2024. The bill was passed and signed into law that same month.

Present at Wednesday’s session were Hon. Aliyu Ango Kagara (Talata Mafara South), Ibrahim Tudu Tukur (Bakura), Nasiru Abdullahi Maru (Maru North), and Faruk Musa Dosara (Maradun 1). Others included Bashar Aliyu (Gummi 1), Bashir Abubakar Masama (Bukkuyum North), Amiru Ahmed (Tsafe West), Basiru Bello (Bungudu West), and Mukhtaru Nasiru (Kaura Namoda North).

 

Just in: Factional Zamfara assembly leaders want governor to represent budget

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NLC to IMF: Your reforms inflict hunger, poverty on masses

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April 24, 2025

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President of the NLC, Comrade Joseph Ajaero

NLC to IMF: Your reforms inflict hunger, poverty on masses

The Nigeria Labour Congress (NLC) has taken a swipe at the International Monetary Fund (IMF) over its policy proposals to Nigeria and other African nations on how to rejuvenate their ailing economies.

Indeed, the NLC pointedly told the IMF that its conditionalities for giving loans to Nigeria and others were inflict pains of hunger and poverty on the masses.

The NLC President, Joe Ajaero, stated this when he received the IMF team team comprising the its Resident Representative for Nigeria, Christian H. Ebeke, and, Axel Schimmelpfennig from Washington, DC.

The purpose of the visit, it was learnt, was to assess how Nigerian workers and the general populace are being affected by the current socioeconomic environment and the hardship resulting from government policies.

The IMF delegation, led by Schimmelpfennig also sought insights from the NLC regarding the state of the labour market in Nigeria. According to them, the information gathered would contribute to the IMF’s annual country report for Nigeria.

Sources at the meeting disclosed that the IMF team acknowledged that the Nigerian government has been grappling with fiscal challenges since assuming office.

They emphasized that the IMF’s recommendations are purely advisory and not mandatory, based on the prevailing realities in each country.

The delegation expressed concern that, often, governments do not follow the IMF’s recommendations to the letter, instead adapting them to align with political objectives. In effect, the IMF attempted to distance itself from the adverse consequences of some recent economic reforms in Nigeria.

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Nevertheless, the IMF team requested continued engagement with the NLC going forward.

Ajaero made it clear that governance should prioritize citizens’ welfare over profit-making.

He criticized the austerity measures often recommended by the IMF, noting that they have worsened living conditions for Nigerians.

It was gathered that Ajaero particularly highlighted the removal of fuel subsidies, which he said has led to increased suffering, hunger, and poverty among workers and the general population.

The NLC president argued that there was no real subsidy to remove in the first place, as the government was already profiting from crude oil sales.

He described the “subsidy removal” as merely a justification for increasing fuel prices.

He equally questioned the use of the revenue purportedly saved from the subsidy removal, especially since the government continues to borrow heavily.

“He pointed out that the cost of essential services—such as education and transportation—has tripled, leading to widespread hardship.

He condemned the growing disparity between the worsening living conditions of citizens and the increasing wealth of government officials.”

Ajaero emphasized that genuine reforms should improve the welfare of the people, not enrich those in power.

He also criticized the government for not consulting key stakeholders before implementing the subsidy removal policy.

This exclusion, he said, had exacerbated the country’s economic challenges.

He noted that inclusive dialogue could have produced better strategies and outcomes, lamenting that the government has isolated itself from valuable advice.”

On the national minimum wage, the NLC president complained that the N70,000 wage is not being implemented sincerely across all levels of government. Instead, the government has continued to impose additional taxes, worsening the financial burden on citizens.

Ajaero urged the IMF to advise the government to ease this pressure and allow citizens to breathe.

He warned that rising poverty levels could lead to social unrest if left unaddressed.

NLC to IMF: Your reforms inflict hunger, poverty on masses

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