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FG prioritises economy, security as ministers take oath today
As the ministers take the oath of office today, the priority focus of the Federal Government will be on the economy and security, The PUNCH has learnt.
Top Presidency sources informed this newspaper on Sunday that appointees would be guided by the eight-point agenda of the President as stated in his election manifesto.
It was further learnt that the President might set targets and performance index for the cabinet members in order to create an immediate impact on the economy, security, and other key areas
Niger coup: ECOWAS rejects Junta’s proposed 3 years transition to democracy
The Economic Community of West African States (ECOWAS) has rejected Niger junta’s three-year power transition plan.
Ahead Of Inauguration: Tinubu Makes Changes, Reassigns Oyetola, Tunji-Ojo, Momoh, Others
President Bola Tinubu has effected some changes in the composition of his cabinet with the redeployment of Engr. Abubakar Momoh from the Federal Ministry of Youth to the Federal Ministry of Niger Delta Development.
In a statement by presidential spokesman, Ajuri Ngelale, the Federal Ministry of Youth is to be re-assigned to a minister-designate soon.
He said the ministers-designate allocated to the Federal Ministries of Transportation, Interior, and Marine & Blue Economy had been reshuffled as follows: Adegboyega Oyetola is redeployed as minister of transportation to that Marine & Blue Economy; Hon. Bunmi Tunji-Ojo is redeployed as minister marine and blue economy to that of Interior, while Hon. Sa’idu Alkali is redeployed from Interior to Transportation.
Seven states in dire straits, economic losses over border closure
Ripple effects of economic sanctions on Niger Republic are rocking at least seven Nigerian states bordering the south of Niger.
In the third week of the political and economic tension, about 8.5 million Nigerians living in border towns and communities have continued to count their losses running into over N40 billion .
They said since the Federal Government closed the border on August 3, perishable goods like onions, tomatoes, pepper, potatoes, and livestock are being lost, just as trade worth about $226.34 million is at risk of collapse.
Also, some marital relationships are being threatened because couples that engaged in cross-border trading before the border closure have not been able to return to their various homes.
EDITORIAL: West Africa and the cost of living crises
The COVID-19 pandemic has had extensive consequences on economies around the world. The contractions suffered by the global economy as countries sought to contain the spread of SARS-Cov-2 – the virus behind the pandemic – have been catastrophic.
However, a couple of years after the world arguably put the worst of the pandemic behind it, economies continue to present debilitating side-effects.
Supply chain conniptions associated with pandemic-induced lockdowns continue to drive shortages in the manufacturing sector.
Investment in new capacity by businesses compensating for these shortages have, in turn, driven surfeit in sectors where companies now appear more vulnerable to market risks than they did at the height of the pandemic.
Conclusion
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