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Why Nigerians Are Facing Current Economy Hardship – Bagudu

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By Tony Obiechina, Abuja

Minister of Budget and Economic Planning, Abubakar Bagudu, has said that citizens should expect discomfort as a result of the policies of the Bola Tinubu-led administration but he believes the policies would translate into shared prosperity.

Bagudu said this during the presentation made by the nation’s economy at the House of Representatives on Tuesday.

He said the National Assembly, particularly the House of Representatives, was right to be worried about complaints on Nigeria’s cost of living.

“One of the quickest wins and this challenge does not come unanticipated.

We reckon with global challenges that are impacting us domestically, and we reckon with the transitional nature of some of the measures that we have taken.

“We know that they will have some impact, but we have compensatory kindnesses, one of which is to support domestic production, particularly one that we are most familiar with 36 states of Nigeria plus the FCT and the agricultural production is a component as well as other infrastructural activities for which funding has been generously provided in the budget.

“What is happening in our country is akin to somebody visiting a reconstruction site. It might be inconvenient. Those living in it might be inconvenienced, especially when such a construction site involves people living in them. In improving the site, you have to discomfort those who are living there as well as those who are coming to help.”

The minister noted the government’s plan to prioritise projects that will stimulate economic activity as quickly as possible.

Bagudu said, “We are very clear that we are on the right track and the challenges of the moment are being dealt with.

“We are sure that we will overcome the challenge of the moment, and we build our path to sustain economic growth that includes everyone.”

In a related development, the Central Bank of Nigeria (CBN) has said that it approved $28.6bn on foreign education and another $11bn on foreign medical trips between 2010 and 2020.

The governor of the CBN, Olayemi Cardoso made the revelation on Tuesday during a presentation before the House of Representatives

Cardoso said the figures which summed to $40bn have contributed to the country’s foreign exchange crisis which has dragged the naira to depreciate to over N1,400 at the official market.

The CBN made provisions for school fees and healthcare at a CBN-approved rate.

According to the CBN boss, recent data shows there are significant changes in the demand for PTA for payment of school fees abroad compared to the early 1990s.

Cardoso quoted UNESCO Institute of Statistics data which shows that the number of Nigerian students abroad increased from less than 15,000 in 1998 to over 71,000 in 2015.

He said that by 2018, the figure had reached 96,702 Nigerian students schooling around the world.

The CBN said Nigerian students schooling abroad will exceed 100,000. UK’s Higher Education Statistics Agency projected a 64 per cent increase in Nigerian study in the country, rising from 1,320 in the 2009-2020 academic session to 21,305 by the 2020-2021 session.

Cardoso said, “Given this data, it is crucial to highlight that between 2010 and 2020, foreign educational expenses amounted to a substantial $28.65bn, as for the CBN publicly available balance of payment statistics.

“Similarly, medical treatment abroad has entered around $11bn in costs during the same period. Consequently, over the past decade, foreign exchange demand for education and healthcare has totaled nearly $40bn.

“Notably, this amount surpasses the total foreign exchange reserves of the CBN. Mitigating a significant portion of this demand could have resulted in a considerably stronger naira today.”

Cardoso also revealed plans to introduce a new foreign exchange operation mechanism for the operation of the Bureau de Change segment and fight currency hoarding.

Foreign News

 Delegates in China Denounce Xenophobic Attacks

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African delegates attending seminars in China have condemned reported xenophobic attacks against foreign African nationals in South Africa and called for greater unity across the continent.

The delegates made the condemnation on the sidelines of training programmes organised by the Academy for International Business Officials (AIBO) under China’s Ministry of Commerce.

They described the reported attacks as disturbing and contrary to the ideals of Pan-Africanism, solidarity, and peaceful coexistence.

Yusupha Bojang of The Gambia’s National Council for Civic Education said Africans must see themselves as one people irrespective of colonial-era boundaries.

“We first have to recognise that in Africa we are all one. These boundaries are artificial creations. We should treat each other as brothers and sisters,” he said.

Bojang said frustrations over domestic challenges should not be directed at fellow Africans lawfully residing in another country.

“If you have any problem, it should be channelled to your government, not innocent citizens legitimately carrying out their activities,” he said.

He urged Africans to speak with one voice against xenophobia.

“We need to unite. When we see wrongs happening, we should all come out to condemn them because it can happen to anybody,” he added.

Also speaking, Jallow Gibbi, a journalist with Dunia Radio in The Gambia, said he was saddened by reports of Africans attacking fellow Africans.

“When I watched the news, I was embarrassed to see Africans fighting Africans. It is not humanitarian and it should not happen,” he said.

Gibbi called on African leaders and international organisations to promote peace and unity across the continent.

“We are all the same. One Africa, one people. We should unite and stay together,” he said.

He said information from Gambian diplomatic authorities indicated that no Gambian citizen had been reported affected, while advising nationals to remain vigilant.

Mr Richard Jombi James of South Sudan’s Ministry of Culture, Museum and National Heritage described African unity as essential to the continent’s progress.

“We are all Africans from the north to the south, east and west. We cannot attack ourselves. We are one Africa, one people,” he said.

Kawu Muhammed Lawan of Nigeria’s Federal Ministry of Arts, Culture, Tourism and Creative Economy said the reports were particularly troubling given the support many African countries provided during South Africa’s anti-apartheid struggle.

“Looking at all the efforts other African countries made to end apartheid in South Africa, it is embarrassing to witness hostility against fellow Africans today,” he said.

Lawan urged African leaders to take practical steps to protect citizens across the continent and strengthen regional integration.

Similarly, Emmanuel Nok, a legal practitioner with South Sudan’s Ministry of Culture, Museum and National Heritage, said Africans should reject violence and discrimination against one another.

“We feel hurt as Africans when we see fellow Africans being hunted by other Africans. We should condemn such behaviour because it goes against the spirit of African brotherhood,” he said.

Nok noted that many African countries host citizens from neighbouring states and stressed that peaceful coexistence remained vital for economic development and regional cooperation.

The delegates called on governments, regional organisations and civil society groups to promote tolerance, strengthen social cohesion and uphold the principles of African unity.

They also urged Africans to focus on common development goals, saying stronger cooperation would advance peace, prosperity and integration across the continent.

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Kogi Targets 240,000 Children for Schistosomiasis Mass Drug Administration

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From Joseph Amedu, Lokoja

The Kogi State Government said it will reach over 240,000 children aged 5–14 years in 39 wards across 15 Local Government Areas (LGAs) in the 2026 Schistosomiasis Mass Administration of Medicines (MAM) exercise.

The campaign is scheduled for June 22–30, 2026.

The target was unveiled at a two-day state-level planning meeting convened Wednesday by the Ministry of Health, Department of Public Health – Neglected Tropical Diseases (NTDs), Control Programme in collaboration with Sightsavers.

The meeting aimed at developing strategies for 2026 treatment targets, validate drug quantification, strengthen micro-planning, and finalize the implementation timeline for schistosomiasis, also known as bilharzia.

Declaring the meeting open, the Commissioner for Health Dr Abdullazeez Adams, said schistosomiasis remains a public health challenge in Kogi, affecting school-age children, farmers, fishermen, and communities near freshwater bodies.

Represented by the Permanent Secretary Maji Enoch, the commissioner noted the disease reduces school attendance, affects productivity, and impacts health outcomes.

He said the meeting would review performance from previous rounds, strengthen social mobilization and training of teachers and Community Drug Distributors, CDDs, and focus on data quality, equity, and beneficiary safety.

He commended Sightsavers and the Federal Ministry of Health for technical and financial support, and urged LGAs to maintain strong collaboration “to reach the last child in the last community.”

The National Programme Manager, Dr Jacob Solomon of the Federal Ministry of Health (FMOH), said Nigeria is working toward WHO’s 2030 elimination target for schistosomiasis and soil-transmitted helminthiasis.

He described Kogi’s progress since baseline mapping as “significant” and urged participants to remain diligent to reach the “last mile.”

Solomon confirmed the programme targets all children 5–14 years, whether in school or out of school.

The State NTD Coordinator, Musa Momohjimoh, said the intervention will use Praziquantel in 39 wards identified as endemic from a 2015 survey and revised WHO strategy.

According to him, teachers will administer drugs in schools while health workers supervise, and CDDs will reach out-of-school children.

He said radio jingles and engagement of religious and community leaders will drive awareness.

Sightsavers Programme Officer, Phoebe Hindan, said treatment will cover only wards with demonstrated need based on evidence.

She described Praziquantel as safe and effective, used in Kogi for over 10 years, and urged parents to allow children to participate.

She noted misconceptions have caused refusals in the past, and warned untreated schistosomiasis can lead to other complications in the future.

The government said the campaign will cover public, private schools and out-of-school children, with parents directed to contact the State Ministry of Health for enquiries.

Salihu Usman, a participant and former Education Secretary of Kogi LGEA, assured the government of the participants’ commitment to a result-oriented MAM exercise that will deliver on its goals and objectives.

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Anambra Urges Residents to Provide Information on Fake Pastors, Others

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From Sylvia Udegbunam, Enugu

The Anambra State Government, under the leadership of Prof. Chukwuma Charles Soludo, has extended the “War Against Fake Native Doctors” to fake pastors and other individuals masquerading as genuine men and women of God while engaging in criminal practices.

This is disclosed in a public announcement signed by the Commissioner for information and value reformation Anambra state, Law Mefor, noting that it is part of the efforts of the Solution Government to rid the state of all forms of criminality and sanitise both traditional worship and religious practices in order to restore sanity, law and order in the state.

To this end, the government is calling on Ndị Anambra and all residents of the state with credible information on pastors, churches, or so-called “men of God” involved in criminality, extortion, fraud, deception, or any act that endangers lives and the peace of our communities or misleads the people in the state to please speak up. All information will be treated with absolute confidentiality.

Despite the negative claims made during the campaigns against the effort to clean up criminals pretending to be traditional healers and real religious leaders, this effort will actually protect the true freedom of traditional worship and religious practice.

Let us work together to take back our state from criminals hiding under religion, culture and tradition.

Call +2348034182108 or 5111 if you have any useful information.

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