NEWS
NESG Bemoans Nigeria’s Declining Living Standards
By Tony Obiechina, Abuja
The Nigerian Economic Summit Group (NESG) has painted a gloomy picture of the Nigerian economy, saying that businesses and citizens have now been put under massive pressure as a result of rising costs, inflation, and a struggling economy.
The Chairman of NESG, Mr Niyi Yusuf who stated this at a world Press conference ahead of the 30th Nigeran Economic Summit in Abuja on Friday said “In 2023, increased cost of living pushed an estimated 104 million people into poverty (46% poverty rate) from 100 million”. The NESG Chairman who was represented by the CEO of the Group, Dr Tayo Aduloju one of Nigeria’s pressing concerns is translating economic growth into improved lives and livelihood of all its citizens. He disclosed that in Q2-2024 Nigeria’s economy record a fast GDP growth at 3.2%, compared to 2.5% in Q2-2023. Agricultural grew at 1.4% in Q2-2024 from 1.5% in Q2-2023, while industries grew by 3.53% in Q2-2024 from -1.9% in Q2-2023. According to him, the Services sector recorded a growth of 3.8% in Q2-2024 falling down from to 4.4% in Q2-2023.”Nigeria’s weak economic performance is reflected in declining living standards, with per capita income falling from US$2,162.60 in 2022 to US$1,645.76 in 2023. The rising cost of a healthy diet likely worsened the multidimensional poverty rate, which was 62.9% in 2022. Nigeria also ranks low on the Human Capital Development Index (HCDI), with a score of 0.55, placing it 161st out of 191 countries.His words, “Our businesses and citizens are under massive pressure from rising costs, inflation, and a struggling economy. In 2023, increased cost of living pushed an estimated 104 million people into poverty (46% poverty rate) from 100 million in 2022. “These numbers are compounded by food insecurity, as people suffering from acute hunger in Nigeria is projected to increase to 26.5 million in the June-August 2024 lean season, from a staggering18.6 million people at the end of 2023 and over 38% of under-five children suffering from chronic malnutrition.”We are also contending with significant security challenges, exacerbated by the devastating effects of climate change, leading to humanitarian crises that have displaced millions. In 2021, the Internally Displaced Persons (IDP) Index recorded 3.2 million IDPs in Nigeria, with an additional 1 million displaced due to flooding that has destroyed lives, livelihoods, and food security.”These are indeed difficult times for our nation. Global instability, regional volatility, and national socioeconomic uncertainty demand that we take bold, decisive steps”.Niyi Yusuf stressed that the theme for this year’s Summit, “Collaborative Action for Growth, Competitiveness, and Stability,” emphasizes that “we must embrace a business-unusual approach, innovative governance, and transformational political leadership. It is only through collaborative action between government, business, and civil society that we can unlock Nigeria’s vast potential”.The NESG helmsman however noted that “Despite these challenges, the potential of our country is clear. Around the world, the same question is being asked: Can Nigeria reach and exceed its potential? If so, how? And if not now, when? Though we face tough times, there are also incredible opportunities ahead”.He highlighted that the 30th Nigerian Economic Summit offers a platform for exploring these opportunities, adding that “together, we can shape Nigeria’s future toward shared and sustainable prosperity”.However, he predicted that in the next five years, Nigeria has the potential to become a leading industrializing nation in Africa, stressing that “We can reform our political, policy, and regulatory systems, unlock local content development, foster sub-national economic diversification, and create a globally competitive business environment. By doing so, we will improve the lives of millions of Nigerians, reduce poverty, and increase foreign direct investment (FDI) inflows into the continent.NEWS
Troops Kill Terrorists, Rescue 39 Kidnap Victims in One Week – DHQ
By David Torough, Abuja
The Armed Forces of Nigeria says its troops killed scores of terrorists, rescued dozens of kidnapped victims and arrested suspected collaborators and logistics suppliers during operations across the country between August 7 and 13, 2026.
The military said the operations, conducted under various joint task forces, also disrupted terrorist supply networks, recovered weapons and ammunition, and targeted crude oil theft and illegal refining activities in the Niger Delta.
In the North East, troops of Operation HADIN KAI reported the neutralisation of terrorists in Borno and Adamawa states, the arrest of suspected logistics facilitators and collaborators, and the surrender of 19 terrorists and their associates.
Five female abductees who escaped from a terrorist enclave in the Mandara Mountains were also rescued in Gwoza Local Government Area of Borno State.
The military said troops also intercepted a terrorist infiltration attempt in Nganzai, killing one terrorist and recovering an assault rifle, ammunition, anti-tank bombs, a rocket-propelled grenade charger and a communication radio.
In the North West, Operation FANSAN YAMMA recorded several encounters with terrorists in Zamfara, Katsina and Kebbi states.
The military said 18 terrorists were killed during an operation at Makuku Village in Sakaba Local Government Area of Kebbi State. It added that two suspected foreign nationals believed to be Improvised Explosive Device experts were arrested in Zurmi, Zamfara State.
Troops also arrested suspected terrorist collaborators and logistics suppliers, including one suspect from whom ₦5.3 million allegedly intended for terrorist associates was recovered.
In the North Central, Operation WHIRL STROKE rescued 25 kidnap victims in Kogi State in two separate operations. Sixteen victims—six men, six women and four children—were rescued along the Ojuwo-Ajengo-Memarebo and Ojiwo-Itobe axes, while nine others were rescued along the Ajaokuta-Itobe Road.
The operation also led to the arrest of five suspected associates of a wanted kidnap kingpin in Benue State and the recovery of locally fabricated rifles, motorcycles and mobile phones.
Operation ENDURING PEACE also rescued a woman abducted from Dong Village in Jos North Local Government Area of Plateau State after sustained pressure forced her kidnappers to abandon her.
In Niger State, Operation SAVANNAH SHIELD rescued nine male kidnap victims in Mariga Local Government Area, while troops in Kwara State arrested four suspected terrorist collaborators.
The military’s account of air operations in Niger State included a major strike against terrorists in the Sangeko and Baba-Doka areas of Mariga. It said initial reports indicated that about 120 bodies and 300 motorcycles were recovered following the August 9 air operation, although assessment of the strike was still ongoing.
The Air Component also reported another operation on August 13 in the Maburya area of Mariga, where terrorists were reportedly sighted fleeing with rustled cattle. The military said the targets were engaged, resulting in the reported neutralisation of 46 terrorists.
In the South-South, Operation DELTA SAFE rescued a kidnapped farmer in Edo State and killed one of his abductors during a covert operation. Troops also recovered ₦1.5 million reportedly intended as ransom.
Military operations in Rivers State targeted oil theft, with troops recovering about 24,000 litres of suspected stolen crude oil, discovering an illegal refining site and intercepting a speedboat carrying approximately 17,000 litres of suspected illegally refined Automotive Gas Oil. Additional operations along the Oteghele axis uncovered concealed storage facilities containing about 105,000 litres of suspected stolen crude oil.
In the South East, Operation UDO KA intensified efforts against a kidnap syndicate operating in Enugu and neighbouring states. The military said one syndicate commander was killed during an August 9 ambush, while another suspect was wounded. A subsequent arrest led troops to a forest hideout where they recovered four AK-47 rifles, seven magazines and 133 rounds of ammunition.
The Defence Headquarters said the reported successes demonstrated the military’s sustained offensive against terrorism, kidnapping, criminality and economic sabotage.
The Chief of Defence Staff, General Olufemi Olatubosun Oluyede, commended troops and other security agencies for their cooperation and urged members of the public to continue providing credible information to support ongoing operations.
The Director of Defence Media Operations, Major General Michael Onoja, said the Armed Forces remained committed to protecting lives and property and restoring peace across the country.
NEWS
Nigeria’s Diversity, Our Greatest Asset, Says Idris
By David Torough, Abuja
The Minister of Information and National Orientation, Mohammed Idris, has described Nigeria’s diversity as a source of strength, urging citizens to promote unity and mutual understanding, noting that what binds Nigerians together is far greater than what divides them.
Idris stated this on Friday, when he attended the wake-keep of the late Ukandi Placidus Ugar Ogar in Obudu, Cross River State, alongside family members, friends, and dignitaries, including the Deputy Governor of Cross River State, Rt.
Hon. Peter Odey; former Governor of Cross River State, Senator Prof. Ben Ayade; Chief of Staff to the Governor of Cross River State, Dr. Emmanuel Ironbar; and the Cross River State Commissioner for Lands, Dr. Erasmus Ekpang.The late Ukandi Placidus Ugar Ogar, who died at the age of 76, was an elder brother to Senator Ayade and Dr. Frank Ayade.
The Minister said the gathering reflected the richness of Nigeria’s diversity and the ability of citizens from different backgrounds to unite in solidarity.
“What I have seen today is the diversity of Nigeria and how it can be further harnessed to promote unity in this country. Nigerians from all walks of life are Nigerians first. Therefore, we must celebrate them wherever they are,” he said.
While expressing condolences to the bereaved family, Idris noted that the occasion also provided an opportunity to honour a life that fostered unity among people.
“It is a moment of sorrow that he has passed on, but also a moment of gratitude that he lived a worthy life, one that helped bring people together,” the Minister said.
He called on Nigerians to continue to promote unity and shared values, while leveraging the country’s diverse cultures and traditions as assets for national development.
“We must strengthen our unity, uphold our shared values, and also see our diversity as a resource that can contribute meaningfully to the growth of our economy,” he said.
Idris reaffirmed that Nigeria’s strength lies in its people and their collective ability to rise above differences in pursuit of the common good.
NEWS
Groups Reject Grazing Reserves, Insist on Resettlement of IDPs in Benue
From Attah Ede Makurdi
The three Socio Cultural Organizations in Benue State(Mdzough U Tiv, Ochetoha K’ Idoma and Omi Ny’Igede, has called on the Federal Government to prioritize the safe return and resettlement of all the Internally Displaced Persons(IDPs) to their ancestral homes before embarking on implementation of any ranching pilot scheme in the State.
The tribal group made the call against the backdrop of the federal government proposed establishment of ranches in Nigeria, using Benue, Nasarawa and Plateau States as a pilot scheme.
Addressing newsmen at a press conference in Makurdi on behalf of the Ochetoha K’ Idoma and Omi Ny’Igede, the President General of Mdzough U Tiv and Chairman of Benue Socio Cultural Organizations, Air Commodore Titus Agbecha (Rtd), disclosed that Benue is currently have over 5000 people living in Internally Displaced Persons’ Camps across the State who have no home to return to, no shelter, no farms, and no livelihood.
The Mdzough U Tiv leader who was flanked by the presidents of Ochetoha K’ Idoma, Prof. Yakubu Ochefu and President of Omi Ny’Igede, Daniel respectively insisted that Federal government must carry out a genuine mediation, uphold security of lives, and restoration of occupied communities as peace must precede policy.
The group noted that dialogue and consent are quite essential as any ranching program must be done through proper consultation, consent, and compensation with host communities.
According to the group, land remains a sensitive issue and cannot be imposed and therefore, there has been no comprehensive mediation, no justice, and no resettlement of these communities.
“We have received with mixed feelings the announcement by the Federal Government on the establishment of ranches in the country; using Benue, Nasarawa, and Plateau States as a pilot scheme.
“Ordinarily, ranching as a modern practice of animal husbandry is welcome. It can reduce farmer-herder conflict and improve food security. However, due to the peculiar realities on ground in Benue and neighboring States, we have three critical realities that must be addressed first;
“We currently have over 5000 Benue people living in Internally Displaced Persons’ Camps across Benue State. They have no home to return to, no shelter, no farms, and no livelihood.
“Thus, it is unjust to talk about new land use for ranches when the owners of the land are still refugees in their own state.
For over 5 years, several communities in Benue State have been under siege. Our villages have been attacked, occupied, and our people killed or chased away.
“Establishing ranches under this atmosphere will be seen as rewarding violence and dispossession. With rapid population growth, available land in Benue and neighboring states is under immense pressure for agricultural production.
“Benue remains the food basket of the nation. Any program that involves large-scale land acquisition must not undermine food production.
“We are not against modern ranching, but federal government should fulfill the above conditions before embarking on any pilot scheme”, Agbecha reiterated.
The chairman assured that the three Socio- Cultural Organisations would continue to consult with relevant stakeholders, agencies and authorities to ensure that their voices are heard and would not rest on its oar to ensure that the right thing is done.
“We will give room for negotiation but the government should not play on our sense”, the chairman said.
Corroborating, the national president of Ochetoha K’ Idoma, Prof. Yakubu Ochefu, revealed that the Benue socio cultural organisations is currently working on documents with regards to provide roadmap for the establishment of any scheme Benue people.


