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CPPE Projects Positive Inflation Outlook for 2025

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The Centre for the Promotion of Private Enterprises (CPPE) says the country’s inflation outlook for 2025 promises to be positive.

The CPPE Chief Executive Officer, Dr Muda Yusuf, said this while reacting to the December inflation figure released by the National Bureau of Statistics on Wednesday which stood at 34.

80 per cent.

The increase in the December headline inflation was marginal at 0.20 per cent compared with November inflation figures of 34.60 per cent.

The hike was primarily driven by the increased demand for goods and services to celebrate the festive season.

Yusuf, however, hinged his projected positive inflation metrics on sustained moderation in exchange rate volatility and improvement in foreign reserves.

He added that the prospects of easing geopolitical tensions with the inception of Donald Trump’s presidency in few days time would  positively impact inflation rate.

He, however, urged the Central Bank of Nigeria to pause on monetary policy tightening and interest rate hikes to ensure further moderation in inflammatory pressures.

This, Yusuf said, would reduce business operating costs.

He also advocated a reduction in fiscal risks to macroeconomic stability through a reduction in fiscal deficit and deceleration in public debt growth.

“Inflationary pressures continue to be a troubling feature of the Nigerian economy as reflected in the December inflation numbers.

“CPPE is worried about the current fixation of the National Assembly on revenue, especially the arbitrary revenue targets for Ministries, Departments and Agencies (MDAs).

“Excessive pressure on MDAs to boost revenue and increase Internally Generated Revenue has profound inflationary implications,” he said.

Yusuf noted that in reality, such pressures were invariably transmitted to investors in form of higher fees, levies, penalties, import duties and  regulatory charges, among others.

These outcomes, he said, were in conflict with government aspirations to boost investment, curb inflation and create jobs.

He noted that revenue targets should be based on empirical studies, absorptive capacity of the economy and due consideration of the wider economic implications.

“Obsession with revenue would hurt investments, worsen inflationary pressures, aggravate poverty and impede economic growth.

“There should be a careful balance act between revenue growth aspirations, desire to boost investment and commitment to moderate inflation,” he said.(NAN)

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Nigeria’s Problems Beyond Tinubu, Ask Governors LG Chairmen

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By Tony Bazim

Many Nigerians blame President Tinubu for everything happening in the country, but have we taken time to ask the right questions?

Every month, Local Government Chairmen receive allocations.

What projects are they using these funds for? How is your local community benefiting?

State Governors also receive federal allocations and generate billions through taxes and other sources of revenue.

How are these funds being spent? Are the roads, schools, hospitals, and other public services reflecting the amount of money received?

Good governance starts with accountability at every level, not just at the top.

If we focus all our attention on the President while ignoring those closest to us, we may be overlooking a big part of the problem.

As citizens, we should demand transparency from our Councillors, Local Government Chairmen, Governors, House of Assembly members, and every public office holder entrusted with our resources.

Nigeria will make greater progress when we stop asking only, “What is the President doing?” and start asking, “What is every elected official doing with the resources entrusted to them?”

Let’s ask the right questions.

AskTheRightQuestions #Accountability #GoodGovernance #Nigeria

For comments, contributions, or discussions:
beco.tony@gmail.com

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Stakeholders Demand Enforcement of Kogi Urban Planning Law

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From Joseph Amedu, Lokoja

Stakeholders in Kogi State’s built environment sector have called on the state Government to urgently enforce the Kogi State Urban and Regional Planning Law of 2010, warning that continued neglect of the legislation is fueling unregulated development, environmental degradation and urban disorder across the state.

The call was made during the Annual General Meeting (AGM) and Symposium of the Nigerian Institute of Town Planners (NITP), Kogi State Chapter, held in Lokoja over the weekend.

The event, themed “Urban and Regional Planning in Kogi: Trajectory, Legal Issues and Prospects,” brought together town planners, policymakers, academics, and other professionals in the built environment to discuss strategies for sustainable urban development.

Speaking at the event, the outgoing Chairman of the institute, Stephen Nden, lamented that although the Nigerian Urban and Regional Planning Law of 1992, as amended, was domesticated in Kogi State in 2010, it has remained largely inactive. He urged the government to immediately implement the law to enable professional town planners to effectively guide physical development and curb the growing trend of uncoordinated urban expansion.

According to him, “The implementation of the Urban and Regional Planning Law will empower town planners to effectively guide the physical growth of our urban centres and ensure orderly development. It is unfortunate that a law domesticated over a decade ago remains inactive despite the enormous benefits it offers.”

Nden stressed that achieving sustainable development requires collective efforts from all stakeholders in the built environment sector.

He further urged members of the institute to uphold professional ethics and strengthen collaboration with government agencies, local government councils, and academic institutions.

A resource person at the symposium, Ramatu Baba, expressed concern over the state’s failure to fully implement planning laws, noting that several environmental and developmental challenges, including illegal mining activities and indiscriminate construction, are linked to poor planning and weak enforcement mechanisms.

She said, “The absence of effective planning frameworks has contributed significantly to illegal mining activities and environmental degradation. Government must strengthen planning institutions and ensure strict compliance with development control regulations.”

Baba also decried the shortage of qualified town planners and other professionals in the sector, warning against construction on natural waterways and flood-prone areas.

Chairman of the Planning Committee, Dr. Baba Adams Ndalai, emphasized that without the full implementation of planning laws and the establishment of a functional Urban and Regional Planning Board, cities and towns across the state would continue to witness chaotic growth.

He stated that Kogi State possesses immense potential for sustainable urban development if the right policies and political will are deployed.

Dr. Ndalai advocated the adoption of smart city initiatives, climate-resilient infrastructure, and inclusive spatial planning systems, adding that Geographic Information Systems (GIS) could significantly improve land administration and increase internally generated revenue.

“The future of Kogi lies in embracing technology-driven planning solutions. Through GIS-based planning and land management systems, governments can improve development control, monitor land use changes, reduce disputes, and strengthen revenue generation,” he said.

Chairman of the occasion and former National President of the NITP, Chief Isah Ichaba, urged members to remain united and committed to advancing the planning profession.

He noted that stronger collaboration among professionals would enable the institute to play a more effective role in shaping government policies and promoting sustainable development.

At the end of the AGM, members elected a new executive council to pilot the affairs of the Kogi State Chapter. Sani Daniel emerged as Chairman, while Femi Ayanleye was elected Vice Chairman. Other officers include Aishat Mohammed Jamiu (Secretary), Enikanolaye Isaac Adebowale (Assistant Secretary), Zainab Salau (Treasurer), Abdullahi Shaaban Aminu (Financial Secretary), Atodo Kerim Smaila (Auditor), Oshamehin Deborah (Public Relations Secretary), Yakubu Umar Onimisi (PRS II), Samuel Afolagbode (Social Welfare Secretary), Stephen Jonathan Nden (Ex-Officio I) and Michael Alhassan (Ex-Officio II).

In his acceptance speech, the newly elected Chairman, Sani Daniel, pledged to provide inclusive and result-oriented leadership aimed at strengthening the institute and advancing physical planning across the state.

Daniel disclosed that the AGM adopted several recommendations, including the preparation of comprehensive master plans for Lokoja and other major urban centres, implementation of the Urban and Regional Planning Law of 2010, development of a state-wide regional development plan covering all 21 local government areas, recruitment of more planning professionals, establishment of stronger institutional coordination mechanisms, integration of climate adaptation and post-mining reclamation strategies into planning policies, and full deployment of GIS technology in development control activities.

He added that the institute would collaborate with other professional bodies to create a stronger built environment advocacy platform capable of supporting government efforts in achieving sustainable urban development and making Kogi State a more attractive destination for investment and tourism.

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South Korea Election Chief Offers to Resign over Ballot Shortages

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South Korea’s National Election Commission (NEC) chairperson, Roh Tae-ak, on Friday offered to resign following a widespread shortage of ballot papers that disrupted voting in Seoul during this week’s local elections.

Roh made the announcement during a press briefing at NEC headquarters in Gwacheon, south of Seoul, expressing deep responsibility for the incident and apologising for eroding public trust in election management.

“The situation undermined voters’ confidence and participation in local elections, and I feel devastated as chairman,” Roh said.

NEC Secretary-General Heo Cheol-hoon also offered to resign, Roh added.

The presidential office said it “takes seriously” the resignations and called for a comprehensive review of election management procedures to restore public trust.

Officials stressed the need for the NEC to provide a clear explanation and implement strict follow-up measures.

The NEC plans to establish an independent committee of outside experts to investigate the cause of the shortage and propose preventive steps.

Ballot paper shortages were reported at more than a dozen polling stations in Seoul, including Songpa and Gangnam districts, causing temporary suspension of voting.

Some voters reportedly left without casting their ballots after waiting.

Protesters later gathered at a polling station in Jamsil, Songpa Ward, alleging election fraud and obstructing officials from transporting ballot boxes.

Police dispersed the crowd and transferred approximately 2,000 ballots to a counting centre.

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