COVER
Abbas Preaches Remedy against Hardship, Insecurity

By Ubong Ukpong, Abuja
Speaker of the House of Representatives, Rep Tajudeen Abbas on Thursday embarked on a campaign to pacify Nigerians over the present high cost of living and worsening insecurity in the country, begging citizens to bear with the President Bola Tinubu’s All Progressives Congress (APC)-led government.
Abbas claimed that the government was working towards improving the lives of citizens.
The Speaker, who made the appeal during a World Press Conference on the state of the nation, in Abuja, the nation’s capital, claimed that the government was concerned and felt the pains of Nigerians, and was also willing to make changes.
Meantime, President Bola Tinubu has directed the immediate release of over 100,000 metric tons of assorted food items from the strategic reserve and the Rice Millers Association of Nigeria as a short-term response to the rising food shortage in the country.
The Minister of Information and National Orientation, Mohammed Idris, disclosed this to journalists at the State House after a meeting of the Special Presidential Committee on Emergency Food Intervention on Thursday.
Idris also informed that the government had proposed to embark on import of whatever shortfalls may be experienced after the release of the food commodities.
The Speaker of the House of Representatives pointed out that investments in the face of global economic downturn and budgetary constraints attest to the government’s determination to end insecurity in Nigeria.
He stated, “In the face of such hardship, it is natural to feel a sense of despair and frustration. The impact of the challenges I have identified above is felt in every home, on every street, and in the hearts of every Nigerian.
“Yet, it is precisely in times like these that our true strength as a nation is revealed. Our resilience, unity, and indomitable spirit have seen us through difficult times before, and I have no doubt that these qualities will carry us through again.”
He said, “To those affected by the scourge of insecurity, I want you to know that your government hears you loud and clear.
“We are taking decisive steps to address the root causes of this menace, deploying both military and diplomatic resources to ensure the safety and security of all Nigerians.
“It is a complex challenge, one that requires patience and time to resolve, but I assure you that we are making progress.
“On the economic front, we are equally committed to reversing the downturn and setting our country back on a path of sustainable growth.
“The policies of the Tinubu-led government are designed to stimulate the economy, encourage investment, and create jobs.
“We understand the urgency of the situation and are working tirelessly to alleviate the hardships many of you are experiencing.
“The issue of food shortage is particularly close to my heart. Food security is fundamental to national security.
“We are implementing comprehensive strategies to boost agricultural production, improve supply chains, and ensure that affordable food is accessible to everyone, regardless of where they live.
“I ask for your patience as these measures take effect. Change, especially of the magnitude we are aiming for, does not happen overnight. It requires time, effort, and, most importantly, the support of every Nigerian.
“Each of us has a role to play in this journey towards a more secure, prosperous, and food-secure Nigeria.
“Whether you are a farmer, a business owner, a teacher, or a student, your contribution matters. Together, we can overcome these challenges and build a brighter future for our beloved country.
“As your Speaker, I am filled with renewed hope for what we can achieve together,” Abbas said.
He stressed that as representatives of the Nigerian people, the House cannot pay lip service to the plight of the same individuals who elected them into office to protect their interests.
“It is our resolve to see that Nigerians, wherever they are, live their normal lives in peace and relative ease.
“We are acutely aware of the rising security challenges affecting different parts of the country.
“Let it be known that your cries have not fallen on deaf ears, and your tears have not gone unseen. We stand in solidarity with every Nigerian affected and commit to deploying robust legislative measures to empower our security agencies, ensure justice, and restore peace and order in our communities.”
The Speaker said that the planned security summit by the House of Representatives would address critical issues on security.
“While recognising and commending the patriotic and courageous efforts of our security agencies, we must have the courage to effect changes where necessary.
“These are among the issues that the forthcoming Legislative Summit on Security will address. This summit, which comes up in a matter of weeks, will among others, allow us to hear directly from the key stakeholders in the sector and come up with legislative measures to modernise our security system and improve its operational efficiency and effectiveness,” he explained.
The Speaker said in addition to promoting security so that farmers can feel safe to return to their farms, the House will support import and export policies that stabilise food prices and ensure adequate supply of essential food items at affordable rates, especially for our constituents living in rural areas.
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SEC Warns against Investing in Punisher Coin

The Securities and Exchange Commission (SEC) has cautioned Nigerians against investing in a cryptocurrency called Punisher Coin, also known by the symbol $PUN.In a statement issued Sunday in Lagos, SEC said the presale was unauthorised and lacked regulatory approval, resembling a Ponzi scheme.
According to the statement, the promoters of $PUN are not registered to operate in any capacity within Nigeria’s capital market. The Commission said: “Our attention has been drawn to online promotions of an unauthorised presale for a cryptocurrency called Punisher Coin, also known as $PUN. “Of particular concern is an article by Daily Trust E-Paper titled: ‘Cryptos to Buy: Why Punisher Coin Could Join Avalanche and Chainlink.’”SEC clarified that Punisher Coin and its promoters are neither registered nor approved to promote, launch, trade, or solicit investment from the Nigerian public.Preliminary investigations indicate Punisher Coin is a ‘meme coin’ — a type of digital asset often lacking tangible utility or a supporting project.Further findings confirm $PUN is indeed a meme coin, typically without real-world value, purpose, or technical foundation backing its existence.The value of such coins is usually driven by hype, social media trends, or promotional efforts by its creators and community.This makes them vulnerable to ‘pump and dump’ schemes — fraudulent tactics used to inflate and then crash a coin’s market price.In such schemes, promoters spread false hype, creating buying pressure, then sell off their holdings at the peak, leaving others with losses.After the promoters sell and stop hyping, the coin’s value usually plummets, causing unsuspecting investors to lose money rapidly.SEC noted these coins’ value is largely based on manipulation, not substance, with price swings driven by excitement and misleading claims.The public is therefore strongly warned against participating in the presale of Punisher Coin, as any investment is entirely at one’s own risk.The Commission urges investors to verify the legitimacy of any digital asset, its promoters, and platforms before committing funds.Verification can be done via SEC’s official portal: https://home.sec.gov.ng/fintech-and-innovation-hub-finport/registered-fintech-operators.(NAN)COVER
Farmers-Herders Crisis: FG Unveils Plan to Revive 417 Grazing Reserves

By David Torough, AbujaThe Federal Government has announced a comprehensive plan to rehabilitate 417 grazing reserves across the country as part of efforts to end the long-standing clashes between herders and farmers.Senior Special Assistant to the President on Livestock Development, Idris Ajimobi, revealed that the government was working closely with both local and international partners through the newly created Ministry of Livestock Development to realise the initiative.
Ajimobi, who spoke at the weekend in Ibadan, stated that the plan is to revive at least two to three grazing reserves in different parts of the country within the next 12 to 18 months as a pilot phase of a broader rehabilitation programme.“The target is to revive all the grazing reserves as much as possible,” he said. “Some have unfortunately become overrun by aggressive weeds, making them inhabitable for livestock, but a large number—about 400—are still functional and require minimal upgrades to return to standard.”According to him, engagements with local and foreign stakeholders are already underway to assess investment interests and collaboration opportunities. “There is interest from all over, and we are speaking with partners to identify who can come in where,” he added.The initiative is a key part of President Bola Tinubu’s strategic response to the decades-old herders-farmers conflict, which has disrupted livelihoods and strained rural economies across the country.Ajimobi also highlighted early achievements of the Ministry of Livestock, noting that beyond reviving grazing reserves, the ministry is focused on addressing the root causes of the conflict—chiefly, the lack of access to clean water, food, and healthcare for livestock.“We are going back to the drawing board to identify all the sources of the problem and address them,” he explained. “We must engage the people, sensitise them, and carry them along because we cannot do it alone.”As part of broader reforms, the ministry is also working to improve the quality of Nigerian beef and dairy products by supporting farmers with better inputs and sustainable practices. The goal, Ajimobi noted, is to boost local production and reduce dependence on imported dairy.“We want to get to a stage where every Nigerian child gets a pack of milk a day,” he said. “To achieve this, we need to increase our local production and work together in a collective effort.”The Federal Government’s revival of grazing reserves has been welcomed by stakeholders, with hopes high that the initiative will help bring lasting peace to affected communities and modernise Nigeria’s livestock industry.COVER
UN Hails Adesina’s Leadership in Africa’s Sustainable Development

The United Nations (UN) Secretary-General António Guterres has praised African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, for his efforts in ensuring the economic transformation of Africa.The bank said in a statement yesterday, that Guterres relayed the message at the Bank’s 2025 Annual Meetings in Abidjan, Côte d’Ivoire.
First elected as president of the Bank Group in 2015, Adesina will conclude his decade-long tenure at the end of August. Guterres lauded Adesina’s transformative impact, saying: “Your vision and dedication to just and sustainable development have changed countless lives across Africa.”The secretary-general also reiterated Adesina’s strategic leadership in implementing the ambitious High 5s development agenda of the bank.The High 5s are; to light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa and improve the quality of life of Africans.“Under President Adesina’s stewardship, the AfDB achieved remarkable institutional expansion, tripling its capital base during his tenure.“This growth enabled the Bank to respond effectively to urgent crises, including the COVID-19 pandemic, while simultaneously advancing long-term sustainable solutions.“The Bank’s progress in critical areas, including clean energy development and climate-resilient agriculture sectors are vital to Africa’s sustainable future and climate adaptation efforts,” he said.The UN chief commended Adesina’s pioneering work on the IMF’s Special Drawing Rights (SDRs), which had opened new avenues in financing for development.He said: “This innovative approach addresses the pressing needs of countries facing multiple challenges, including debt burdens, climate-related shocks, and severely limited fiscal space.“Your advocacy was instrumental in securing their re-channeling through multilateral development banks, helping direct and use global resources where they are most needed,” he said.Guterres also praised Adesina’s contributions to advancing inclusive development and achieving meaningful progress on both the UN Sustainable Development Goals and the African Union’s Agenda 2063.While expressing the UN’s appreciation, Guterres said the AfDB President’s efforts had been instrumental in building a more fair and just financial system for all.“The United Nations thank you and look forward to building on your remarkable record in the years ahead,” he said.The Bank Group’s 2025 Annual Meetings had the theme “Making Africa’s Capital Work Better for Africa’s Development.”The meeting was attended by several heads of state and government including the host, President Alassane Ouattara, Ghana’s President John Mahama and Azali Assoumani of the Union of the Comoros.More than 6,000 delegates from various parts of the world also attended the event. (NAN)