Cash crunch: Protesters defy police in Abeokuta, make bonfires on major roads – Newstrends
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Cash crunch: Protesters defy police in Abeokuta, make bonfires on major roads

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Residents of Abeokuta, Ogun State, took to the streets on Tuesday protesting the scarcity of cash and the attendant pains.

Major streets affected by the protests are Aladesanmi, Fajol and Somorin in Obantoko area of Abeokuta as the protesters made bonfires and chanted anti-CBN songs
The Sapon branch of First Bank was also vandalised and the protesters tried to set it ablaze.
Ogun Police spokesman, Abimbola Oyeyemi, confirmed the protest, saying police officers were on the ground to monitor the situation and prevent the destruction of property and loss of lives.
He said some group of boys were involved in the crisis.
The police later came to disperse the protesters but they regrouped as soon as the operatives withdrew from the scene.
The situation affected vehicular movement as motorists and pedestrians ran in different directions to avert being caught up in the chaotic situation.

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Hardship: TUC asks FG to immediately begin food importation

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Hardship: TUC asks FG to immediately begin food importation

President of Trade Union Congress (TUC), Festus Osifo, has advised the Federal Government to commence the immediate importation of essential food items to cushion effects of rising food prices across the country.
He spoke during a press conference on the economic hardship ravaging the country on Monday, February 26, 2024. in Abuja.
Osifo lamented that Nigerians had never witnessed this level of hardship before even during military regimes. He added that the problems were mainly due to the government’s poor patronage of locally made products and services, and lack of capable hands at the helm of affairs.
Osifo said, “Nigerians must live to see tomorrow before we can understand how beautiful a government policy is. The national pride of striving to achieve food sufficiency locally should be temporarily relaxed.

“Governments at all levels should immediately purchase sufficient quantities of food items from different parts of the world and share them with vulnerable Nigerians.
“Importing food abroad at this point will assist to reduce the hyper-inflation of food in the country. FG should allow importation of food items for Nigerians consumption within the next two weeks.’’
The TUC president advised President Bola Tinubu to strengthen the economic management team of his administration and look beyond party or tribal lines to headhunt the best Nigerians throughout the world who could sit down and develop homegrown solutions to the hardship menace.

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BREAKING: Tinubu to implement Oronsaye report, cutting 263 agencies to 161

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BREAKING: Tinubu to implement Oronsaye report, cutting 263 agencies to 161

President Bola Tinubu has finally moved to implement recommendations of Stephen Oronsaye report of scrapping or merging some of the federal agencies.

This is coming twelve years after the submission of the report to the Federal Government.

The 2011 report, commissioned by the then President Goodluck Jonathan, had called for the consolidation, merger or scrapping of numerous redundant and inefficient government parastatals.

However, successive administrations failed to act on the report until now.

Speaking after a Federal Executive Council (FEC) meeting on Monday, Information Minister, Mohammed Idris, announced that Tinubu had approved wide-ranging reforms based on the Oronsaye Committee’s recommendations.

He said many agencies would be eliminated, combined with others, or restructured.

Idris said the move was a cost-cutting measure to streamline governance.

He said President Tinubu had established a committee tasked with executing mergers, scrapping, and relocations within a 12-week timeline.

This decision followed the comprehensive Oronsaye Report of the 800 pages, which recommended reducing the number of statutory agencies from 263 to 161, scrapping 38 agencies, merging 52, and reverting 14 to departments in different ministries.

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New constitution with state police, others coming in 24 months – Deputy Speaker

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New constitution with state police, others coming in 24 months – Deputy Speaker

 

A new constitution of Nigeria with provisions for state police among others will be ready for presidential assent in the next 24 months.

Deputy Speaker of the House of Representatives and chairman of the House Committee on Constitution Review, Benjamin Kalu, said this on Monday.

He disclosed this at the formal inauguration of the House Committee on the review of the 1999 constitution. According to Kalu, the plan to get a new Constitution available is to give the President time to study the amendments before signing them into law.

He said the House had so far received bill proposals for the establishment of state police; state access to mines; increased participation of women in politics; clear specification of the taxes/levies to be collected by each tier of government and the provision for the office of the Mayor of the Federal Capital Territory Abuja.

He said several bill proposals that were passed but did not make the President’s assent during the fifth constitution alterations had been brought back to the current amendment.

He listed as powers of the National Assembly and State Assemblies to summon the President and State governors, and requirements of the government to direct policies towards ensuring the rights to food and food security.

Kalu added the House was willing to accommodate more proposals to enhance the Constitution and strengthen the nation’s democracy.

He said the House was also awaiting executive-sponsored bill proposals on the renewed hope agenda of the President.

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