NEWS
NESG, NBS to Host Sensitisation Workshop on GDP, CPI Rebasing

By Tony Obiechina, Abuja
The Nigerian Economic Summit Group (NESG), in partnership with the National Bureau of Statistics (NBS), will host a sensitisation workshop on Gross Domestic Product (GDP) and Consumer Price Index (CPI) rebasing.
The event according to a statement by NESG Head of Strategic Communication and Advocacy, Ayanyinka Ayanlowo will take place on Thursday, January 9, 2025 at the Summit House in Ikoyi, Lagos.
The workshop aims to bring together stakeholders from the public and private sectors to deepen their understanding of the rebasing process, methodology, and implications for Nigeria’s economy.
Statistics play an essential role in macroeconomic management and policymaking.
Following the United Nations Statistical Commission’s recommendation, economic indicators like GDP and CPI should be rebased every five years.This ensures key economic indicators reflect current economic realities, including shifts in consumption patterns, global market exposure, the introduction of new products and services, and changes in economic structures.
The workshop also seeks to clarify misconceptions surrounding GDP and CPI rebasing and build confidence in the statistical processes behind these updates. Participants will gain insights into the revised methodologies and preliminary outcomes, equipping them to make informed decisions in both public and private sectors.
The workshop aims to create a platform for public-private engagement on GDP and CPI rebasing, discuss key preliminary outcomes from the rebased data and their implications for decision-making and promote public awareness and foster trust in GDP and CPI rebasing processes.
Furthermore, the workshop is expected to kickstart NESG’s citizen sensitisation and advocacy on data rebasing, pre-inform private sector and stakeholder organizations about rebased data methodologies, trends and lay the foundation for improved data credibility and advocacy in Nigeria.
The workshop will bring together prominent stakeholders, including the Statistician-General of the Federation and Chief Executive Officer (CEO), National Bureau of Statistics, Prince Adeyemi Adeniran, the CEO of NESG, Dr. Tayo Aduloju and representatives from the Manufacturing Association of Nigeria, Lagos Chamber of Commerce and Industry, Academia, Civil Society Organizations, NESG research partners, media professionals, and more.
The GDP and CPI rebasing process is vital for understanding Nigeria’s economic trajectory. By updating these indicators, the rebasing reflects the current structure of economic activities, enabling policymakers and businesses to make data-driven decisions that foster growth and development.
This workshop marks an important step toward promoting transparency, collaboration, and improved decision-making in Nigeria’s economic landscape.
The NESG is a private sector-led think tank and policy advocacy group committed to driving sustainable economic development in Nigeria.
NEWS
Ukum Elders Back Youths, Give Suswam 7-Day Ultimatum to Tender Apology over Alleged Derogatory Remarks

By David Torough, Abuja
Some elders of Ukum in Benue State have thrown their support behind the actions of the youths by affirming to reinforce the call for apology from Sen. Gabriel Torwua Suswam over his alleged derogatory remarks against the people of the area.
According to a statement from the elders signed by Col.
Edwin Jando (Rtd.) and 15 others said, for the sake of clarity, that it is important to remind Sen. Suswam that the protests that occurred during Governor Hyacinth Alia’s visit to Ukum were as a result of cumulative grievances.The elders maintained that brutal killing of innocent, law-abiding members of the Ukum land, including women and children, over an extended period persisted without any visible concern or intervention from the state government.
They said, it’s so annoying that the governor visited Akpuuna following the incident in which over 34 people were killed, but nothing came of the promises he made.
“When people were killed at Gbagir, the governor’s visit, initially thought to be a condolence visit, turned out to be a rebuff of Senator Udende, demanding an apology from him and the withdrawal of a bill he sponsored at the National Assembly concerning the killings in the state by Fulani herders and the need for an anti-open grazing law.
“At Ayati town, over 100 people were killed by the same Fulani herders/militias, yet the governor did not visit or send a message of condolence. Every family was left to bury their dead.There were several other similar killings in other parts of Ukum that the state government chose to ignore.
“Most of the council wards in Ukum are now displaced, and the government has not deemed it necessary to even create an IDP camp to accommodate the displaced people. The displaced have found refuge in very unpleasant conditions and are undergoing numerous difficulties.
“The killings that prompted the governor’s visit to Ukum on that fateful day, during his ‘mockery visit’, were even more disturbing. The influx of Fulani terrorists was noticed and reported to the appropriate authorities for several days. Nothing was done until they eventually struck, killing over a hundred people after five days of camping and planning at Chito.
“On the day of Governor Alia’s visit, it was disheartening to see that he was not accompanied by prominent Ukum sons or leaders from his government. The highest appointee of Ukum origin in his government, Hon. Paul Biam, the Chief of Staff was conspicuously absent. As elders, we view that as a missing link.
“Our question to ask is: If you were in the position of these youths or any other Ukum person would you have allowed the governor to bring this ‘medicine after death’? We understand and sympathize with the frustration of the youths. Ukum are peaceful and law-abiding people, but as the Tiv saying goes, “Ivo kpa ka wea dzer a i gbem iva nyimau” (even a goat will bite if persistently pestered).
“As elders of Ukum, we are deeply disappointed that Senator Gabriel Torwua Suswam has not spoken out during the numerous attacks, which claimed many lives, only to come afterwards to insult Ukum people over a genuine protest. Such a conduct does not reflect the respect and integrity expected of a leader.
“The blessings that have sustained his political career come from Ukum, his maternal homeland, and the blessings will turn to curses if he fails to publicly apologize within one week of this publication.
“In view of the aforementioned, we stand in full solidarity with Ukum Young Elites and demand that Senator Suswam retract his statements and tender an unreserved apology to the Ukum nation within seven days”, the statement read.
Foreign News
Taraba 2025 Appropriation Provides for Budget Funding Through Loans-Lawmaker

The Taraba House of Assembly has said that it’s approval for the Executive to secure a N350 billion bond from the Capital Market was in line with provisions of the 2025 appropriation law.Mr Jetro Yakubu, Majority Leader of the assembly, made the clarification on Friday while speaking to newsmen in Jalingo.
Yakubu revealed that the request to secure the loan was in tandem with the provisions of the 2025 appropriation bill passed into Law by the assembly. He stressed that Gov. Agbu Kefas of Taraba had already indicated in the budget proposals his intention to fund part of it through loans from financial institutions.According to him, the request could only become abnormal if it is outside the budgetary provision. Yakubu, who represents Wukari I State Constituency also noted that the assembly approved the loan because the governor had carried the it along right from the preparation of the Appropriation. “The governor is a leader that believes in carrying everybody along. He had already carried the assembly along right from when the appropriation was being prepared.“We don’t give approval for any loan that is not in the appropriation.“The governor is a very strategic thinker. The bond which is at N20 lbillion per year would be funded through Internally Generated Revenue (IGR) and not through Federal Accounts Allocation.“The governor is very passionate about stimulating the economy of the state so that the it can be viable to fund the bond,” he said.Daily Asset recalls that Kefas earlier requested an approval from the house of assembly to secure a N350 billion bond from the Capital Market.The legislators had since granted him the approval to borrow the funds. (NAN)NEWS
NDDC Seeks Legal Advocacy to Accelerate Niger Delta Development

The Niger Delta Development Commission (NDDC) has emphasised that legal advocacy on issues affecting the Niger Delta holds the potential to accelerate the region’s development.
Dr Samuel Ogbuku, Managing Director of the NDDC, made this assertion during the 2025 MOOT and Mock Trial Competition, which featured participation from 20 law faculties across universities in the Niger Delta.
This is contained in a statement issued by the commission’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama, in Port Harcourt on Friday.
Ogbuku, who was represented by Mr Boma Iyaye, NDDC’s Executive Director of Finance and Administration, underscored the role of legal advocacy in addressing the complex challenges facing the region.
“We are passionate about education, and as such, we remain committed to supporting the growth of education in the Niger Delta,” he stated.
He noted that the competition focused on key legal areas relevant to the region which included environmental law, oil and gas, and sustainable development.
Ogbuku also highlighted the commission’s investments in tertiary institutions, including the construction of hostels in various universities and polytechnics across the Niger Delta.
In his remark, Prof. Zaccheus Adangor, a former Attorney-General of Rivers, described the legal profession as noble, honourable, and learned.
He urged the student participants to demonstrate honesty, integrity, and good character throughout their career.
“Students must remain open to new ideas, as the legal profession requires deep and varied knowledge.
“Legal practitioners should also invest in continuous learning, acquiring both hard and digital copies of books, in their role as ministers in the temple of justice,” Adangor advised.
Also speaking, Justice Daketima Kio of the Rivers State High Court commended the NDDC for the initiative, expressing confidence that the programme would foster a more united and developed region.
He expressed optimism that the competition would serve as a springboard for aspiring legal professionals in the region to excel in their careers.
On his part, Mr Victor Arenyeka, NDDC’s Acting Director for Legal Services, explained that the competition was designed to prepare students to confront the specific challenges facing the Niger Delta.
He stated that participants were tested on environmental law, oil and gas, and sustainable development.
Arenyeka encouraged the students to seize the opportunity to broaden their legal knowledge and lay a solid foundation for successful careers in the legal profession. (NAN)