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Ex-Deputy Gov CBN Says Economy Better Under PDP, Presidency Faults Claim

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The Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, and a former Deputy Governor, Central Bank of Nigeria, Kingsley Moghalu, on Wednesday, traded blame on the state of the nation’s economy under the administrations of the ruling All Progressives Congress and opposition Peoples Democratic Party.

Moghalu had claimed in a series of tweets via his X handle on Wednesday that the nation’s economic state, which had experienced a downward trajectory in the past 40 years, only saw the light of the day “briefly” under the administration of former President Olusegun Obasanjo.

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Moghalu added that the improved economy was also observed during subsequent PDP-led governments of the late Umaru Yar’Adua, and Goodluck Jonathan.

The former CBN deputy governor, who served from 2009 to 2014, added that from 2015 till date, Nigeria has fallen under a “completely incompetent economic management.”

READ ALSO: ‘We Need Solution To Killings’ – Sen Plang Rubbishes ‘Palliatives’ For Plateau Victims

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The tweet read, “Nigeria’s economic distress is simply part of a 40-year downward trajectory that was broken only briefly by the Obasanjo civilian presidency and to some degree under Yar’Adua/Jonathan (up to mid-2014). Ever since, especially from 2015, we fell under completely incompetent economic management and have not recovered.”

The political economist called on the Federal Government to lay a “real foundation for longer-term economic transformation,” while stating that “80% of Nigeria’s exports in 2023 was oil tells you we have yet to get serious..”

Moghalu noted that the presidential palliatives initiative is not a good economic tool to curb poverty, and consequently improve wealth distribution.

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“Palliatives (just google the dictionary definition of the word) will never reverse poverty. Wealth is positively created,” he stated.

READ ALSO: NNPC, Marketers Deny Fuel Price Increase To N1,200 Per Litre

Moghalu, a former presidential candidate of the Young Progressives, also criticised the appointments of the nation’s economic management team, stating, “Real economic thinking is not happening, so economic transformation can’t follow. Like it or not, individuals in certain positions matter. Sanusi and Ngozi Okonjo-Iweala made a huge difference in their roles. That’s because they had capacity. Their appointments went above politics of cronyism. The results, which is what matters more than sound and fury at the end of the day, followed.”

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The tweet concluded, “May we recover one day. Like it or not, appointments have real consequences.”

Reacting to the tweets later in the day, President Bola Tinubu’s aide, Ajayi, admitted that the Obasanjo-led administration from 1999-2007 truly paved the way for some economic reforms, yet “Nigeria didn’t see any progress in infrastructural development” that would have a “direct bearing on the quality of life.”

Ajayi wondered how Moghalu and some others claimed that their era in government was the “golden era of competence” in the nation’s economic management.

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READ ALSO: Aiyedatiwa Suspends Caretaker Chairmen In Ondo

Ajayi lamented how Moghalu and his former principal, Sanusi, at the CBN, couldn’t explain the whereabouts of the missing $20 billion in oil revenue, adding that “hundreds of millions of dollars were looted under various guises yet Moghalu wants us to believe that that period was the gold standard in economic management in Nigeria.”

“That period till 2015 was a period of trillions of unpaid salary and pension arrears. A period when contractors were owed hundreds of billions with thousands of abandoned and uncompleted projects,” Ajayi stated.

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The presidential aide also noted that since 2015, the nation enjoyed key reforms and changes under the ruling APC government, part of which were the payments of owed salaries and pensions, “massive investments in critical economic infrastructure,” and the “reconstruction of 13,000 kilometres of roads across the country out of 33,000 kilometres of Federal roads in 8 years of President Buhari.”

READ ALSO: No Option For Next Generations On Africa’s Debts, Obasanjo Laments

Ajayi claimed that during the handover of government from Jonathan to the immediate past president, Muhammadu Buhari, on May 29, 2015, Nigeria’s Gross Domestic Product “declined from 7% growth rate to 2% and Nigeria was already primed for recession which eventually happened with collapse of crude oil price.”

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“It should be said too that every indices of measuring economic growth significantly declined from 2010- May 2015, a period when Moghalu was Deputy Governor at CBN,” he added.

Ajayi lamented that Nigeria’s foreign reserve dropped about 52 per cent “from the height of $60 billion to $29 billion when Moghalu was part of the ‘competent leaders’ in government and Excess Crude Account dropped from $20 billion to $2 billion at the time crude oil sold for $100 per barrel for straight 4years from 2011-2014.

“The period between 2010-2014 was when Nigeria made most money from crude oil in history yet nothing to show for it.”
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JUST IN: Oldest Missionary To Nigeria, Ruth Elton, Is Dead

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British-born Nigerian missionary, Ruth Elton, reputed to be the oldest missionary has passed on at the age of 91.

Ruth Elton, born 7 September 1933, was a British-born Nigerian missionary whose lifelong dedication to faith, healing, and revival left an indelible mark on communities across western and central Nigeria.

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It was learnt that Elton died on Saturday at Sharon compound, Alafia Bamin Quarters in Ilesa, Osun State.

She was the only daughter of Pa Elton and her remains have been deposited at the mortuary.

READ ALSO: BREAKING: Former Customs Comptroller-General, Ahmed Aliyu Mustapha, Is Dead

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Ruth Elton, daughter of Sydney Granville Elton (Pa Elton), who is referred to as one of the founding fathers of Pentecostalism in Nigeria, had approached a Kaduna court and nationalised as a Nigerian.

At old age and despite the happenings in Nigeria, she still held in high esteem her father’s prophecies that although Nigeria could be known globally for corruption, it would only for a while as new dawn would beckon when the country would be known worldwide for righteousness and prosperity.

Elton moved to Nigeria in 1937 with her parents and served as a Christian missionary across Egbe, Okene, Koton Karfe, and other parts of Kogi, Ondo, Oyo, and Osun States.

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A naturalised Nigerian, having renounced her British citizenship in the 1970s, she embraced the country completely and became fluent in Ebira and Yoruba.

Elton, who remained single, believed that she had made a true mark in the country and apart from her missionary work, she saw her efforts in taming infant mortality, especially in Okene, Kogi State as a generational impact.

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Relating her experience on infant mortality in the country, Elton recently noted that many newborn babies had passed on due to lack of proper care and hygiene, adding that the practice of force-feeding babies contributed to the challenges, especially in the face of poor awareness.

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DANGER: Six Incurable Diseases You Should Know — And Their Causes

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Diseases are medical conditions that affect the body and disrupt its normal functions. Although healthcare professionals and researchers have made significant progress in finding cures for many diseases, there are still several illnesses without a permanent cure.

While treatment may help manage symptoms or prolong life, the diseases themselves remain incurable.

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In this article, Tribune Online takes a look at six incurable diseases you should know.

HIV/AIDS

Probably the most well-known disease on the list, Human Immunodeficiency Virus (HIV) is a virus that attacks and weakens the immune system, which can develop into Acquired Immunodeficiency Syndrome (AIDS). At this stage, the immune system becomes too weak to fight infections. Although antiretroviral therapy (ART) helps patients live long and healthy lives, there is still no permanent cure for HIV.

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Causes

HIV is primarily contracted through specific bodily fluids: blood, semen, vaginal fluids, anal mucus, and breast milk. The most common ways HIV is spread are through unprotected vaginal or anal sex and sharing needles or syringes. Mother-to-child transmission can occur during pregnancy, childbirth, or breastfeeding.

READ ALSO:WHO Raises The Alarm On Looming Diseases, Disasters

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Cancer

Cancer is a disease caused by the uncontrolled growth of abnormal cells, affecting organs such as the lungs, breasts, and prostate. Treatments like surgery, chemotherapy, and radiation can manage or remove some cancers, but there is no universal cure.

According to Healthline, there is a difference between cure and remission when it comes to cancer. A cure means all traces of cancer are eliminated and will not return, while remission refers to a state where few to no cancer cells remain. Remission may be complete, with no detectable signs of cancer, often within the first five years after treatment, or partial, where the cancer has shrunk but is still present. Even in complete remission, hidden cancer cells can remain and cause the disease to return.

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Causes

Cancer, unlike HIV, is not a contagious disease. Instead, it arises from genetic mutations within cells, which can be inherited, develop over time, or be caused by environmental factors like radiation and chemicals. These mutations cause cells to grow and divide uncontrollably.

Diabetes

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Another incurable disease is diabetes. It is a chronic condition where the body cannot properly control blood sugar levels.

READ ALSO:Heart Diseases, Cancer Lead Causes Of Death Worldwide – Report

While there are many types of diabetes, the major ones are Type 1 and Type 2. In Type 1 diabetes, the body produces little or no insulin, while in Type 2 diabetes, the body cannot use insulin effectively. Although medications, insulin injections, and lifestyle changes help manage the disease, there is no cure. Over time, diabetes can lead to complications such as kidney failure and heart disease.

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Causes

Diabetes is also not contagious. Type 1 diabetes is mainly due to genetics and environmental factors that trigger the immune system to attack insulin-producing cells in the pancreas while Type 2 diabetes on the other hand is caused by a combination of factors such as genetics, lifestyle, and insulin resistance

Alzheimer’s Disease

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Alzheimer’s disease is a brain disorder that slowly destroys memory and thinking abilities. It is the leading cause of dementia among older adults. The disease worsens over time and makes it difficult for patients to perform daily activities. Current treatments can only slow down symptoms or improve quality of life, but they cannot stop the disease or reverse the damage.

Causes

Alzheimer’s develops in the brain when abnormal protein deposits build up, damaging nerve cells and affecting memory. Age, genetics, and family history are the strongest risk factors, while lifestyle factors such as poor cardiovascular health can also contribute to the development of this incurable disease.

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READ ALSO:Things You Need To Know About Anthrax Disease

Amyotrophic Lateral Sclerosis (ALS)

Not only is this disease incurable, but it also does not have a known cause, according to Professor of Neurology Mayowa Owolabi. Amyotrophic Lateral Sclerosis, commonly known as ALS or Lou Gehrig’s disease, is a progressive neurological disorder that affects the nerve cells controlling voluntary muscles. Over time, the nerves that send signals from the brain to the muscles weaken and die, causing patients to lose the ability to move, speak, eat, and eventually breathe.

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Causes

ALS is not a disease that spreads from person to person. The exact cause is unknown, but research suggests it results from a mix of genetic and environmental factors. In some cases, it runs in families, while in others, it occurs randomly.

Parkinson’s Disease

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This is another disease scientists have yet to find a cure for. It is a progressive disorder of the nervous system that mainly affects movement. Parkinson’s disease develops gradually and is marked by tremors, stiffness, and difficulty with balance and coordination.

The condition occurs when nerve cells in the brain that produce dopamine become damaged or die. While medications and therapies can help control the symptoms, there is no cure for Parkinson’s disease, and symptoms worsen over time.

Causes

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Like some other incurable diseases, Parkinson’s does not spread like an infection. It develops when nerve cells in the brain that produce dopamine become damaged or die. While the exact cause is not fully understood, Mayo Clinic notes that factors such as genes and environmental toxins may play a role in the development of the disease.
(TRIBUNE ONLINE)

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Police Urge Bauchi Residents To Remain Calm Amidst Soldier’s Death In Bauchi

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The Police in Bauchi state has called on all the residents of the state to remain calm after a soldier was shot dead by a police officer in the state.

CSP Ahmed Wakil, the Police Public Relations Officer (PPRO) made the call on behalf of the Commissioner of Police in the state, Sani Omolori-Aliyu.

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According to him, Inter-agency security forces have initiated a thorough investigation into the circumstances surrounding the unfortunate incident which led to the death of the soldier.

The PPRO recalled how a blogger narrated the incident that a member of the Nigerian Army attached to 33 Artillery Brigade was fatally shot while attempting to intercept a truck suspected of transporting solid minerals from an illegal mining site in Futuk, Alkaleri Local Government Area of the state by a mobile police Inspector on illegal duty.

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The blogger also said that the incident occurred on August 25 at about 7:50 p.m. when personnel from the 33 Artillery Brigade, Bauchi, purportedly stopped a truck with the registration number Gombe 676-BLG at a checkpoint in Futuk village.

“The report further added that the truck driver refused to comply, prompting the Guard Commander, Master Warrant Officer, Ali Haruna, now deceased, to pursue the vehicle with his team on motorbikes until they managed to intercept it.

“That upon stopping the truck, Inspector Yusuf Ibrahim, a mobile police officer, exited his vehicle and opened fire on the Guard Commander, striking him in the abdomen.

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“The blogger added that the soldiers at the scene overpowered the policeman and disarmed him. The injured officer was transported to the Gombe Specialist Hospital for urgent medical attention, but tragically succumbed to the gunshot wound,” said the PPRO.

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He however, explained that preliminary investigations, revealed that the truck is associated with Guruje Mining Company Limited and ZURFI Company Limited, which possessed valid legal licenses in Gwana, Alkaleri LGA.

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He said that this authorisation pertained to the extraction of lead and zinc minerals, which was obtained from the Mining Cadastre Office, Federal Republic of Nigeria, effective from 12th May 2023.

Wakil added that the companies have complied with all mining operational protocols of the Nigerian Minerals and Mining Act of 2007 and possessed a certificate of incorporation pursuant to the Companies and Allied Matters Act of 2020.

READ ALSO:Bumper Harvest: Foundation Distributes 6,000 Fertilizers To Farmers In Bauchi

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“The mobile police officers attached to these companies were formally requested and approved to provide security for the safety of expatriate workers and fulfil other security responsibilities associated with the company. Inspector Yusuf Ibrahim was among those assigned to this duty.

“The company successfully extracted a substantial quantity of lead and zinc minerals, which were proposed for export, and relevant fees as revenue paid to the Federal Ministry of Mines and Steel Development, referenced by RRR code 3212-7561-4841.

“The Bauchi state Police command has constituted an investigation team of experienced detectives in collaboration with the Nigerian Army military police and are tasked with collecting and assessing all relevant information surrounding the incident’s remote and immediate causes,” Wakil said.

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