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Fuel Price Hike: Nigerians In Diaspora Blames Tinubu’s Economic Managers
Nigerians in the diaspora, under the umbrella of Nigerian Professionals in Diaspora (NPID), has called for an urgent reassessment of the country’s monetary policies, following the recent hike in fuel prices.
In a statement released signed by Dr Obiora Okereke, President and Chief Mrs Bukola Shonekan, Secretary on Thursday, NPID expressed deep concern over the current state of Nigeria’s economy, particularly the recent spike in fuel prices, which has exacerbated the already challenging economic conditions for millions of Nigerians.
The group blamed the economic managers of the President Bola Ahmed Tinubu administration for failing to support the President’s vision with competent and effective policies, citing the poorly implemented floating of the Naira as a glaring example.
NPID noted that instead of stabilizing the currency and attracting foreign investment, the policy has resulted in further depreciation of the Naira, leading to an unstable exchange rate that has driven up the cost of goods and services across the board.
The group also called for the restructuring of the Nigerian National Petroleum Company Limited (NNPCL) debts, reportedly exceeding $6 billion, which has put the nation in a precarious position regarding fuel supply.
“We believe that President Tinubu’s vision for Nigeria is clear, but the implementation of his economic policies by his advisers and managers is lacking in strategic foresight and execution,” NPID said.
The group urged the President to take immediate action to address the economic challenges facing the country, including reassessing monetary policies, restructuring NNPCL’s debts, and holding economic managers accountable for their actions.
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FRSC Corps Marshal Beseeches Traditional Rulers To Support Campaign Against Road Traffic Crashes
Joel Ajayi
In his efforts to enhance road safety across all roads in Nigeria, the Corps Marshal, Federal Road Safety Corps, Shehu Mohammed has emphasised the importance of collaboration with various stakeholders, especially traditional institutions.
He made the emphasis in the course of his end of the year traffic monitoring on the nation’s highways when he visited His Imperial Majesty Oba (Dr) Ajibade Gbadegesin Ogunoye III, the Olowo of Owo and Paramount Ruler of Owo Kingdom in Ondo State today 22 December, 2024.
The monitoring commenced from Abuja _Lokoja expressway through Obajana to Owo, Ondo State to ascertain the traffic situation on critical corridors. He solicited the support of the traditional ruler due to the strategic positioning of Owo town being a critical corridor that links South West to South South and North Central geopolitical zones of the country.
He believes that the influence and authority of traditional leaders within their communities are instrumental in promoting road safety awareness and encouraging compliance with traffic regulations.
By engaging traditional institutions, FRSC aims to leverage the respect and trust traditional leaders command to disseminate information about safe road practices, the dangers of speeding, and the necessity of vehicle maintenance.
This strategic partnership is part of a broader initiative by the FRSC to reduce road traffic crashes and fatalities. By involving traditional rulers, the Corps seeks to create a more inclusive approach to road safety, recognizing that community-driven efforts can significantly complement governmental policies and enforcement measures.
In addition to collaborating with traditional leaders, Corps Marshal Shehu Mohammed also called for the active participation of commuters and transport unions in preventing road crashes. He emphasised that passengers should speak out against reckless driving and that transport unions must lead by example in preventing overloading and alcohol/drug-impaired driving.
FRSC will continue to engage in public enlightenment campaigns, conduct research on road safety, and implement measures aimed at creating a safer motoring environment in Nigeria. The collaboration with traditional rulers is a testament to the Corps’ commitment to involving all segments of society in the quest for safer roads.
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