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Tragedy as vigilante group kills 2 persons in Niger

– Two persons have lost their lives in Niger state

– The police said said the two youths lost their lives in a clash between a vigilante and youth groups

– Two persons have arrested

The Niger Police Command, has confirmed that two youths have lost their lives in a clash between vigilance and youth groups in Angwan Yaman in Kontagora LGA of the state.

Deputy Superintendent of Police (DSP) Bala Elkana, who confirmed the incident to newsmen in Minna on Friday, said it occurred on Thursday.

READ ALSO: N-Power releases list of processes for 2017 applicants

“Only two people died while five others sustained injuries, with one of the youths a female, critically injured,” he said.

Elkana said that the clash was caused by the death of a 17-old boy who was allegedly tortured by members of the vigilance group.

He added that death of the boy led to violent demonstration by the youths in the area against the vigilance group which led to the death of the second victim.

Elkana said that the clash was caused by the death of a 17-old boy who was allegedly tortured by members of the vigilance group

Elkana said that the clash was caused by the death of a 17-old boy who was allegedly tortured by members of the vigilance group

Elkanah said that the second victim, a 20- year old man, was killed when members of the vigilance group used firearms to disperse the protesting youths.

He said that anti-riot police were drafted to the area to restore peace and bring the demonstration under control.

He said that the protesting youths attempted to burn the head office of the vigilance group in Kontagora.

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He said that two personnel of the vigilance group had been arrested by the police for arresting and torturing the 17-year old boy.

He added that investigation was on to arrest other people connected with the incident.

Elkanah said: “We have ordered the arrest of members of the vigilance group who were alleged to have arrested, kept and tortured the young man as they have no power to do so.

“There is no law authorising them to detain anybody talk less of torturing the person.

“They only have the power to arrest anyone who commit an offence in their presence and hand him over to the police.

“For keeping the deceased youth in their detention camp and torturing him, they will face the wrath of the law.

“If his death is linked to the torture, then they will be charged and the offense is punishable with death.

“So far, two persons have been arrested and we are still investigating to get the rest involved.’’

He said that the youths would also face the wrath of the law for taking law into their hands by attempting to burn down the office and vehicle of the vigilance group.

“The youths should have reported the incident to the police instead of taking the law into their hands,” he said.

Meanwhile, recall that ZENITHBLOG.com had reported that the Nigerian Police Force (NPF), Niger state command recently declared a 65-year-old man, Alhaji Muhammad Yuguda wanted for allegedly killing 27 people in Niger state.

Yuguda is of the Fulani tribe from Nawuro village, Agaie LGA.

Watch ZENITHBLOG.com documentary on the survivors of Southern Kaduna ethno-religious crisis:

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Do you know this Nigerian woman or her family (photos)

– Her body is yet to be claimed as all effort to reach her family member proves abortive

An unidentified woman who reportedly visited a hospital in Kano has died and her body left unclaimed as none of her family member could be reached.

The woman lost her life on Friday June 30 at the Waziri Shehu Gidado hospital, Bachirawa, Kano state.

Corpse of Shafa'atu Abdulrahim

Corpse of Shafa’atu Abdulrahim

Preliminary investigation shows that her name is either Shafa’atu Isiyaku or Shafa’atu Abdulrahim, and that she’s a resident of Bachirawa or Tudun Bojuwa.

Anyone with information on how to reach the family of this woman can reach out to the hospital or the family.

Shafatu's body yet to be claimed by anybody.

Shafatu’s body yet to be claimed by anybody.

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Fani-Kayode goes spiritual, says there cannot be genuine love among Nigerians

Editor’s note: A former minister of aviation Femi Fani-Kayode in this second party of his essay, “The cry of the Almajiri” said that there can no longer be any form of genuine love between different regions of Nigeria.

The former minister also said that some people especially leaders and politicians from the North are only paying lip service to the unity of Nigeria.

To the people of the south-west, south-south, south-east and the Middle belt I say the following.

We must be steadfast and strong. We must look to our God and draw our courage and inspiration from Him. We must take off the gloves and get down to some hard work.

We must forge closer ties and remain united.

We must stand shoulder to shoulder and resist these hegemonist and born-to-rule devils with every fiber of our being.

The Holy Bible says that the blessing of the Lord resides where there is unity.

It tells us that the power of God flows where and when there is unity between believers and when those that share common values and a common world view are in one accord.

That is why the north spends a good deal of its time trying to sow seeds of division between the ethnic nationalities of the south. They feed on and draw strength from our petty rivalries and internal divisions.

READ ALSO: FG releases requirements for employment for 2017 N-power applicants (See List)

Yet the truth is as follows. We all know it but no-one wants to say it. And that truth is that the answer to Nigeria’s problems is not just in restructuring because too much innocent blood has been spilt and shed by our collective oppressors over the last years fifty seven years.

Restructuring is only the first step and it is nothing but a means to an end. Essentially it is just a temporary and ephemeral palliative. It is a good first step in what will be a long and hopefully peaceful journey to an expected and better end.

OPINION: The cry of the Almajiri (part 2) by Femi Fani-Kayode

The Holy Bible says that the blessing of the Lord resides where there is unity.

The final and lasting solution to our numerous problems is either a complete break up of the nation into five or six pieces at the very worse or the implementation of what has come to be known as the “Gideon Orkar” solution where the two core northern zones of the north-west and the north-east are excised and expelled from the federation at the very best.

Either of the two options are fine by me. Too much innocent blood has been shed over the years by the internal colonialists for anything else to suffice.

READ ALSO: BREAKING: Boko Haram kills 4 Nigerian soldiers with IEDs

There can no longer be any genuine love and true fellowship between us. And if we say that there is or that there can be then we are just fooling ourselves and pretending.

Why should we continue to be our brother’s keeper when that brother hates us so much?

The bottom line is that there is no longer any basis for unity between the north and the south.

Between the Hausa Fulani core north and the rest of the country there is no love lost!

The great Greek philosopher Plato once said, “no-one is more hated than he who speaks truth”.

He is absolutely right. Yet despite that I have spoken the truth on this matter anyway and I stand to be corrected. I have spoken that bitter truth because I refuse to be intimidated or to be bound by political correctness.

Love me or hate me and take it or leave it. And despite the hatred and the insults that will come as a consequence of speaking truth, posterity will prove me right and judge me kindly.

Meanwhile I laugh when I read the obscene words and hear the obnoxious and self-serving cry of the almajiri.

READ ALSO: Jonathan’s aide Okupe writes letter to northern group Arewa

They have said that “the Yoruba are chronic backstabbers” and that is an insult that they will live to regret. When will these creatures learn that they need Nigeria far more than Nigeria needs them?

The time of glorifying themselves and feeding their vain and fanciful delusions of grandeur will soon be over.

Until then we shall continue to look unto the hills from whence our help and we shall continue to call on the Lord of Hosts and the Ancient of Days to deliver us from these hateful Arewa demons.

Permit me to end this contribution with the words of Pastor Bayo Oladeji who is the spokesman of the President of the Christian Association of Nigeria (CAN). On 29th June he wrote:

“When we told you that Christians are being marginalized and being discriminated against in the North, they said we are lying.

We dare them to publish name of public schools in the North where Christian Religious Education is being taught; name of states where churches are being given the C of O of their land; name of states where Christians are given support for holy pilgrimages as it is being done for the Muslims they are keeping quiet!

Yet they are paying lips service to the unity of Nigeria. As long as a group of people or a section of the country are being treated as second class citizens, the unity of the country will remain a mirage!”

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May those that dispute the fact that we have a major and festering problem in this country and that unity between the core Muslim north and the rest of the country is nothing but a vain illusion consider Oladeji’s insightful words.

The great French writer and philosopher Voltaire said, “to know who rules over you simply find out who you cannot criticize”.

Those slaves that find it difficult to challenge or criticize the northerners and their numerous excesses and acts of tyranny clearly know who their masters are. May God help them before it is too late.

I would rather die on my feet as a free man than live on my knees as a slave.(CONCLUDED).

The views and opinions expressed here are those of the author and do not necessarily reflect the official policy or position of ZENITHBLOG.com

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You can watch this ZENITHBLOG.com video of Fani-Kayode speaking about his discussion with President Buhari:

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BREAKING: Hakeem Bello-Osagie, Etisalat Nigeria chairman resigns

– The chairman of Etisalat Nigeria limited has resigned from his position

– This follows the debt crises currently rocking the telecom company

– He is said to be the surviving shareholder of the mobile company

Hakeem Bello-Osagie, chairman of embattled telecom company, Etisalat Nigeria limited, has resigned his position from the company.

READ ALSO: N-Power releases list of processes for 2017 applicants

According to reports by Premium Times, the resignation takes immediate effect.

His resignation decision was said to have followed “the approval of a restructuring plan for the telecommunications firm.”

Mr. Bello-Osagie, is said to be the surviving shareholder of the mobile company

Mr. Bello-Osagie, is said to be the surviving shareholder of the mobile company

Mr Bello-Osagie, is said to be the surviving shareholder of the mobile company.

ZENITHBLOG.com had reported that Etisalat Nigeria limited is currently embroiled in a loan repayment crisis with some Nigerian banks.

ZENITHBLOG.com further reported that three Nigerian banks were set to take over telecommunications firm Etisalat on Wednesday, March 8, over unpaid debt.

According to the report, the move follows the failure of the Nigerian Communication Commission (NCC) to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks.

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In the video below by ZENITHBLOG.com, Some Nigerians claim President Buhari has turned the country upside down.

Watch the video:

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Naira retains strength against American Dollar, set to appreciate further

– The Naira strong performance at the parallel market continues

– The local currency stayed firm at N368/$1 to close the month of June

– The CBN has expressed optimism that the nation’s currency will further appreciate in the coming months

The Nigerian Naira on Friday, June 30, maintained its strength against the American Dollar at the parallel market even as the Central Bank of Nigeria expressed optimism that the nation’s currency will further appreciate in the coming months.

According to ZENITHBLOG.com findings, the local currency stayed firm at N368/$1 as it was on Thursday, June 29 at the unofficial market. The Nigerian currency also maintained the same of N490 and N410 against the Pound and Euro respectively.

However, the Naira strong performance at the parallel market can be attributed to recent activities of the CBN.

Recall that the CBN recently sold $20,000 to each of the 3,145 Bureau De Change (BDCs) in continuation of its bi-weekly dollar sales to the BDC segment.

READ ALSO: N-Power releases list of processes for 2017 applicants

Dollar to Naira

Dollar to Naira

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The apex bank also promised to boost Dollar supply at the foreign exchange market with the aim to sustain convergence of the rates on the official and parallel markets.

At the official market, the Naira closed the week at N305.9, against the Dollar.

Nigeria has five rates: the official rate, the black market, a rate for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed exchange Bureau De Change and a rate for foreign school fees.

Do you think N1 can ever become $1 again at Forex Market? Watch Nigerians respond to this

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Suspected Fulani men armed with AK47 kill man returning from market in Lafia, Nassarawa state (photos, video)

– Men suspected to be Fulani men allegedly attacked a group of traders returning from market

– The traders were reportedly robbed and some were shot

– One of the victim was reportedly one Nwafor, a 33-year old South-East trader

A 33-year-old trader, Nwafor and four other men have been reportedly murdered by suspected Fulani men while returning from a market in Nassarawa state.

The attack according to a Facebook user, Uchechukwu Madu, happened in Lafia, the capital of Nassarawa while the traders where returning from Barkiladi market.

The attackers who were reportedly in possession of AK47 guns allegedly separated their victims according to tribes and reportedly shot five men including Nwafor.

Nwafor and four other men were allegedly shot by the armed men.

Nwafor and four other men were allegedly shot by the armed men.

ZENITHBLOG.com gathered that two of the men died instantly while the remaining three allegedly died at Dalhatu Araf specialist hospital, Lafia in Nassarawa state.

READ ALSO: N-Power releases list of processes for 2017 applicants

Watch a video of Nwafor’s body being prepared for burial:

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Meanwhile, ZENITHBLOG.com earlier reported that Linus Ogbeh, a 64-four-year old father of seven and a farmer whose farm is located next to that of Olu Falae, the former secretary to the government of the federation in Ileyo community in lgbatoro area of Akure, Ondo state, was murdered by suspected Fulani herdsmen.

The farmer was found with his chest riddled with bullets after leaving home at 6am on Sunday, June 25, to go fetch cocoyam for his family. Ogbeh never returned home.

His body was eventually discovered by his wife, Roseline and two of the couple’s children in the farmland with cocoyam tubers beside him, after they had waited till 10 a.m for him to return.

Watch this ZENITHBLOG.com TV video about the Fulani herdsmen massacre in Southern Kaduna:

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Ex-Jigawa governor Lamido gets backing from north to contest for Buhari's job

– A group in North East Democratic Enlightenment Initiative (NDEI) has endorsed Sule Lamido, the former Jigawa state governor for Nigeria next president

– Aliyu Garkuwa, the group’s chairman said the former Jigawa state governor is capable of restructuring Nigerian economy

– Garkuwa who described Lamido as an experienced politician, saying that it is time for Nigerian to stand up and support him to win the 2019 presidential election

A group in North East Democratic Enlightenment Initiative (NDEI) has declared its supports for Sule Lamido, the former Jigawa state governor, to contest for the 2019 presidential election

Aliyu Garkuwa, the group’s chairman made this known in Bauchi on Thursday, June 29, adding that Nigerians have to support him to become the president of Nigeria, Daily trust reports.

The group chairman said that the former governor would rescue the country from its economic challenges when eventually elected as president.

2019 Election: Group supports Lamido for presidency

2019 Election: Group supports Lamido for presidency

READ ALSO: Court dismisses forgery case against Senator Andy Uba

ZENITHBLOG.com gathered that the group described Lamido as an experienced, polished, brilliant politician and a detribalised Nigerian.

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The NDEI chairman recalled the role Lamido played when he was the youth leader of the defunct Peoples Redemption Party (PRP) in former Kano state that culminated in the victory of the party in the 1979 elections in Kano and Kaduna states.

Meanwhile, ZENITHBLOG.com had reported that ahead of the 2019 elections, there was an ongoing battle for supremacy between former vice president Atiku Abubakar and a former governor of Jigawa state Dr. Sule Lamido. According to the New Telegraph, both men are preparing intensely for an imminent showdown.

A source reportedly stated that due to the uncertainties surrounding Buhari and Osinbajo in the race, “Atiku has opted to shun the Bola Tinubu-led south-west block of the APC (due to Osinbajo), preferring rather to court the leadership of pan-Yoruba socio-cultural group Afenifere and some former governors in the south-west, who he believes would be able to work for him when the real battle starts.”

Watch this ZENITHBLOG.com TV Video of APC member who said party is the worst in Nigeria:

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Oyegun dismisses possibility of APC government allowing emergence of Biafran Republic

– The National Chairman of the All Progressives Congress, APC, John Oyegun has dismissed the possibility of the APC government allowing the emergence of a Biafran Republic

– Oyegun said the ruling party has stated clearly what it wants to do either through devolution or true federalism.

He also said that the party avoided the word restructuring because it means so many things to so many people

The National Chairman of the All Progressives Congress, APC, John Oyegun, has said the ruling party never promised to restructure Nigeria during the 2015 elections.

Oyegun said they were aware of the contentious nature of restructuring and therefore avoided it when putting together the manifesto.

The PDP national chairman made this known in an interview he had with Channels Television on early morning show, Sunrise Daily.

APC never promised to restructure Nigeria - Oyegun

John Oyegun, the national chairman of the All Progressives Congress (APC)

READ ALSO: ‘I don’t trust the Nigerian government, we can’t restructure’ – Nnamdi Kanu

ZENITHBLOG.com gathered that he however dismissed the possibility of the APC government allowing the emergence of a Biafran Republic.

Oyegun said the APC promised to address the economic challenges facing the country, to put food on the table of the ordinary Nigerian and create jobs for the teeming youths.

He said, “When the APC manifesto was being put together, it was discussed extensively.

“We chose our words carefully in putting that manifesto together and we are committed to what we have said in that manifesto. But look at it this way.

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“We have stated clearly what we want to do, devolution and true federalism. We really avoided the word restructuring because it means so many things to so many people.

“we are coming to that but our priority for now, for today is to fix the economy and restore hope, provide jobs to the teaming millions of our youths in all over the country. So it is a matter of priority.

“It is very specific on the manifesto and we are not going to renege on it, no question about that. It is a matter of time.”

Meanwhile, ZENITHBLOG.com had reported that the commitment of the Buhari government to fixing the nagging problems of insecurity and the economy are the reasons for the delay in the restructuring of the country, so says the ruling All progressives Congress (APC).

Malam Bolaji Abdullahi, the APC national publicity secretary, made the claim in a chat with The Guardian on Tuesday, June 27.

Watch this ZENITHBLOG.com TV Video of man who said APC is the worst party in Nigeria:

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Meet hardworking Nigerian lady who processes cassava into garri for a living (photos)

ZENITHBLOG.com came across photos of a beautiful and hardworking Nigerian lady who processes cassava into garri for a living.

Instead of going down the wrong path of either selling her body for money or waiting for an ‘eligible bachelor’ to pick up her bills, a young Nigerian lady has decided to work hard to earn a living.

In a post shared on Facebook, the lady whose name was not given can be seen going through the processes required to make garri (cassava flakes).

From the planting to the actual frying stage, the hardworking young lady seemed to enjoy seeing the desired result come to life.

Meet hardworking Nigerian lady who processes cassava into garri for a living (photos)

The young lady fries her garri

Real slay queens are those who worketh to make ends meet not those depending on people for survival and real men respect them much and won’t do anyhow with them because their dependence is not on them.To the real and hardworking slay queens I hail una joor!

Meet hardworking Nigerian lady who processes cassava into garri for a living (photos)

The lady had earlier planted cassava stems which she eventually harvested

This hardworking Nigerian lady shows off her garri-making skills (photos)

The young lady seen farming

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Despite warning from Ohanaeze Ndi-Igbo, Kanu visits former aviation minister Amechi

– Nnamdi Kanu received a warning from the Ohanaeze Ndi-Igbo on Thursday, June 29 against making further provocative comments

– Despite this however, Kanu, who leads the Indigenous People of Biafra (IPOB) met Chief Mbazulike Amechi

Nnamdi Kanu has continued with his visits to prominent Igbo indigenes despite , the apex Igbo socio-cultural organisation in Nigeria.

This time, Kanu, the leader of the Indigenous People of Biafra (IPOB), visited Chief Mbazulike Amechi, the first aviation minister in Nigeria.

READ ALSO: Oyedepo warns FG against forcing Islamic Studies on Christian students

Reports say the visit on Thursday, June 29 was in continuation of consultations by the IPOB leader.

Kanu meets former aviation minister Amaechi in Nnewi

Kanu in the meeting with former aviation minister Amaechi in Nnewi

Speaking, as captured by the video, Kanu said he was being sustained by God and that he was not scared of the court.

Kanu reportedly met the former minister in Ukpor, Nnewi South local government area of Anambra state and received prayers from the elderstatesman.

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Watch the video clip of the visit here:

ZENITHBLOG.com had earlier reported that Governor Rochas Okorocha of Imo state has described most of the agitators calling for the sovereign state of Biafra as frustrated people who are just venting their frustration.

The Imo state governor reportedly also said the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, lacks the ability and influence to lead the Igbo nation to war.

Watch this video of how Kanu recently addressed his supporters and followers:

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Despite warning from Ohanaeze Ndi-Igbo, Kanu visits former aviation minister Amaechi

– Nnamdi Kanu received a warning from the Ohanaeze Ndi-Igbo on Thursday, June 29 against making further provocative comments

– Despite this however, Kanu, who leads the Indigenous People of Biafra (IPOB), met Chief Mbazulike Amechi

Nnamdi Kanu has continued with his visits to prominent Igbo indigenes despite , the apex Igbo socio-cultural organisation in Nigeria.

This time, Kanu, the leader of the Indigenous People of Biafra (IPOB), visited Chief Mbazulike Amechi, the first aviation minister in Nigeria.

READ ALSO: Oyedepo warns FG against forcing Islamic Studies on Christian students

Reports say the visit on Thursday, June 29 was in continuation of consultations by the IPOB leader.

Kanu meets former aviation minister Amaechi in Nnewi

Kanu in the meeting with former aviation minister Amaechi in Nnewi

Speaking, as captured by the video, Kanu said he was being sustained by God and that he was not scared of the court.

Kanu reportedly met the former minister in Ukpor, Nnewi South local government area of Anambra state and received prayers from the elderstatesman.

PAY ATTENTION: Read the news on Nigeria’s #1 new app

Watch the video clip of the visit here:

ZENITHBLOG.com had earlier reported that Governor Rochas Okorocha of Imo state has described most of the agitators calling for the sovereign state of Biafra as frustrated people who are just venting their frustration.

The Imo state governor reportedly also said the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, lacks the ability and influence to lead the Igbo nation to war.

Watch this video of how Kanu recently addressed his supporters and followers:

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Revealed: Boko Haram has killed 680 Civilian JTF members

– The insurgency in the North-east has claimed the loves of 680 members of the Civilian Joint Task Force (JTF)

– 680 members of the group have sacrificed their lives to see to the end of the insurgency

– The group however said they are not deterred by the losses they have suffered

– For more reports on Boko Haram attacks in Nigeria, please visit: http://ift.tt/2owCWdS

A total of 680 members of the Civilian Joint Task Force (JTF) have died trying to repel Boko Haram terrorists attacks in Borno from 2012 to date, the groups legal officer, Mr Junril Gunda, has said.

Gunda said in an interview with the News Agency of Nigeria (NAN) in Maiduguri on Friday, June 30 that in spite of the high casualty figure, the JTF remain undaunted in its resolve to protect communities in the state from the terrorists.

680 Civilian JTF members died repelling Boko Haram attacks in Borno — Official

Boko Harma has intensified its attacks in recent times

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“The group which is non profitable started in 2012 when our youths picked up sticks and said no more Boko Haram and they successfully push the terrorist group out of Maiduguri.

“We don’t have any other home than Borno, we are therefore working tirelessly to provide civic protections against any form of threat represented by Boko Haram.

“Sadly a lot of our youths have paid the supreme price, there is hardly any day you will hear of an attack without one of our civilian JTF killed and that does not mean we will stop defending our land of terrorism.

“As you can see I am a lawyer by profession, this is my Chamber and I am happy to also be one of the Civilian JTF. I was also trained for eight months on light arms use by the military.

“If I see a Boko Haram now, I can take him down with my gun.

“It was necessary to train our civilian JTF on the use of arms because they always move along with the military in the front line during operations.

“Our civilian JTF had taken part in almost all the operations going on in Sambisa forest.

“It was also necessary because they are always the first to sight Boko Haram suspects during checks in the state capital.

“Boko Haram members are not afraid of the military, they are afraid of the civilian JTF; they believe if a civilian JTF kill any of them, they will go to hell. Many of them have said this during their testimonies,” said Gunda.

According to him, no fewer than 23,000 youth vigilantes have been registered under the body to provide civic protection in every nooks and crannies of the state.

He said that the job of the Civilian JTF was purely to stop Boko Haram insurgents from causing havoc in the society.

Gunda said there were numerous challenges confronting the group because the members were not been paid for the job.

“Like I said earlier, it was a voluntary thing, so no one was paid any penny for the job and because of some difficulties and poor living conditions of the youths, some engage in begging to fend for themselves.

“It was as the result of this that Borno state government decided to empower 1,400 of them as vanguards with the acronym BOYES and were being paid N15, 000 monthly.

“Government and other nongovernmental organizations must also give support to the other 20,000 youths who were not empowered.

“They should also give priority attention to widows of our deceased youths because we are left to carter for their welfare.

“Government should sponsor their children and give them a better life in recognition of the selfless sacrifices made by their parents,” said Gunda.

680 Civilian JTF members died repelling Boko Haram attacks in Borno — Official

The Civilian JTF members have been assisting the military in its quest to route out the insurgents

READ ALSO: Attack on TB Joshua’s Synagogue, Adefarasin’s House on the Rock meant to destroy Christianity in Nigeria – CAN youths allege

Meanwhile, Governor Kashim Shettima of Borno state on Sunday, June 25 appealed to the Nigerian military to intensify efforts to end the Boko Haram insurgency.

Shettima made the appeal while speaking at this year’s Eid el Fitr reception for members of the State Executive Council and other dignitaries at the Government House Maiduguri.

He said although the military had recorded tremendous successes against the insurgents, the recent spate of attacks in different parts of the state was worrisome.

Watch a video report of the recently released Chibok girls by Boko Haram on ZENITHBLOG.com TV below:

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Finally! 2 months after his release, Nnamdi Kanu meets wife, kids of his co-accused (photos)

– The leader of the Indigenous People of Biafra Nnamdi Kanu met with the wife and children of his co-accused Benjamin Madubugwu

– Kanu met with Madubugwu’s wife in his hometown

In a move since his release from Kuje Prison in Abuja, the leader of the Indigenous People of Biafra Nnamdi Kanu met with the wife and children of his co-accused Benjamin Madubugwu.

Madubugwu’s wife visited Kanu with her kids in his hometown, Isiama Afara, Umuahia.

READ ALSO: Popular media alleges how Saraki is encouraging #FreeEvans campaign

Although the purpose of the visit is yet to be ascertained, ZENITHBLOG.com gathered that it could not be unconnected to plans to ensure the release of Madubugwu and Kanu’s two other co-accused in prison.

2 months after his release, Nnamdi Kanu meets wife, kids of his co-accused (photos)

The leader of the Indigenous People of Biafra Nnamdi Kanu met with the wife and children of his co-accused Benjamin Madubugwu

ZENITHBLOG.com earlier reported that Kanu and two others – Madubugwu and David Nwawuisi – were arrested and charged to court by the Department of State Services (DSS) in 2015.

2 months after his release, Nnamdi Kanu meets wife, kids of his co-accused (photos)

Kanu met with Madubugwu’s wife in his hometown

READ ALSO: ‘I don’t trust the Nigerian government, we can’t restructure’ – Nnamdi Kanu

The trio were later remanded in prison custody after a Federal High Court in Abuja rejected their bail applications.

2 months after his release, Nnamdi Kanu meets wife, kids of his co-accused (photos)

Kanu met with Madubugwu’s wife in his hometown

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However, Kanu was later granted bail on April 25, by Justice Binta Nyako of the FHC after a fourth accused Chidiebere Onwudiwe was joined in the matter and several charges against squashed by the court.

You can watch this ZENITHBLOG.com video of Nnamdi Kanu addressing his followers in his hometown:

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Good news: 72 tonnes of Nigerian yams exported to Europe (photos)

– Nigeria has kick-started the export of Nigerian yam to the world

– The move is one of the ways the government is taking to diversify the Nigerian economy

– Over 30% of the yams produced in Nigeria are said to rot away

Nigeria has officially kick-started the export of Nigerian yam to different parts of the world in fulfillment of the Buhari’s administration promise to diversify the economy.

The Nigeria Yam Export was launched at Lillypond Container Terminal, Ijora, Lagos on Thursday, June 29 by the minister of agriculture, Chief Audu Ogbeh.

72 tonnes of Nigerian yams exported to Europe

Chief Ogbeh flanked by the deputy governor of Benue state and the NPA managing director at the launch of the event

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72 tonnes of Nigerian yams exported to Europe

The Nigerian yams packaged to be exported to Europe

Speaking at the event, Ogbeh said: “The yams we export will in no way diminish the quantity we have at home. Indeed, most of the yams we produce, rot away.

“Oil and gas cannot employ millions of people just like agriculture so we must work hard to move from oil to earning foreign exchange from agriculture.”

Also speaking, the managing director of the Nigeria Ports Authority, Hadiza Bala Usman said the NPA is ready to give the ministry of agriculture the necessary support to fast track export process.

“I’m very excited that Nigeria, the largest yam producer is taking its rightful place in the export market,” she said.

72 tonnes of Nigerian yams exported to Europe

NPA boss, Hadiza Bala Usman speaking at the event

Meanwhile, below is the top 10 facts about the exportation of yam from Nigeria.

72 tonnes of Nigerian yams exported to Europe

READ ALSO: Food is overproduced and wasted in Nigeria – Audu Ogbeh

72 tonnes of Nigerian yams exported to Europe

The first batch to be exported are 72 tonnes

In the video below, ZENITHBLOG.com TV asked some Nigerians if they still think Nigeria is the giant of Africa. Watch responses.

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Popular media alleges how Saraki is encouraging #FreeEvans campaign

– A popular media has accused the Senate President Bukola Saraki of encouraging the #FreeEvans campaign

– Sahara Reporters said ‘political criminals’ like Saraki make the call for the release of the notorious kidnapper Evans possible

– The #FreeEvans campaign had began immediately after the Code of Conduct Tribunal dismissed the charges of false asset declaration against Saraki

In a recent turn of event, popular New York-based media Sahara Reporters on Friday, June 30, launched an attack on the Senate President of Nigeria Bukola Saraki.

The media owned by controversial fellow Omoyele Sowore accused the Senate President of fueling the #FreeEvans hashtag on social media micro-blogging site Twitter.

Sahara Reporters said while replying to a press statement by the Senate President on a recent court judgement on a libel suit slammed on and its owner by a court in favour of Saraki said political criminals are the reason the #FreeEvans hashtag is trending.

Politcal criminal like Saraki makes free Evans campaign possible - Popular media attacks Senate President

Sahara Reporters said ‘political criminals’ like Saraki make the call for the release of the notorious kidnapper Evans possible

READ ALSO: ‘I don’t trust the Nigerian government, we can’t restructure’ – Nnamdi Kanu

Sahara Reporters said: “It is because of politically emboldened criminals like you @bukolasaraki that people are cynically campaigning for #Freeevans on @Twitter.”

READ ALSO: Bishop Oyedepo reacts to allegation of introduction of Islamic studies to curriculum

ZENITHBLOG.com had reported that the Senate President and Sowore were on a war of words after the Code of Conduct Tribunal dismissed the charges against the former.

Sowore and the media aide to the Senate President Banikole Omisore who were at the centre of the controversy opened can of worms on each other.

Omisore alleged that Sowore was a thief and blackmailer who claimed that Saraki bribed the CCT chairman Danladi Umar with $2 million to win on the trial.

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ZENITHBLOG.com also reported that the #FreeEvans campaign began immediately the CCT gave its ruling on the false assets declaration suit against the Senate President.

Chukwudi Onuamadike popularly known as Evans the kidnapper was arrested by police in Lagos after various atrocities the kidnapper committed in the state and across Nigeria.

Evans who is also referred to as the billionaire kidnapper is said to be the most notorious kidnapper in Nigeria.

See Sahara Reporters tweet below:

You can watch this ZENITHBLOG.com video of Kogi West Senatorial District on the move to recall Dino Melaye

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Ex Miss Anambra Chidinma Okeke finally talks about the controversial video, how it happened

Former Miss Anambra, Chidinma Okeke, has finally addressed the scandal which trailed her some months back.

In a recent interview with The Nation, 20-year-old beauty queen revealed how the organizers of the beauty pageant blackmailed her and used her to achieve their selfish aims with the shocking video which featured her.

Recall that Chidinma Okeke won the Miss Anambra beauty pageant, organised by the Anambra Broadcasting Service. But after a while, series of lewd videos about her kept surfacing on the internet. There were reports she wanted to kill herself at a point.

But she debunked claims that she wanted to kill herself. Narrating what really went down, she said:

READ ALSO: Chidinma Okeke appears in Lagos court

“Early last year, the ABS advertised for the Miss Anambra beauty pageant. I heard of it and went to make enquiry.

“My roommate was also interested, but one of the organisers told me to apply. I told them I was not interested but the man insisted that I might win the competition.

Why I agreed to make that controversial video – Former Miss Anambra finally speaks out

Chidinma debunked claims that she wanted to kill herself

“He also promised to give me the form for free if I indicated interest, and he did when I agreed to contest.But one Jane told me that before a winner would be declared, there were certain things to be done, including the (s*x) video.

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“I consented after some persuasion from the organisers. I later went for the contest at the Marble Arch Hotels in Awka, and I was declared winner with a Kia Rio vehicle as star prize.

“When I went for my car after the contest, the organisers brought out a contract form for me to sign, but I told them I wanted to contact my lawyer to see it. I was not given the opportunity to do so.

“What they kept telling me was that if I insisted on not signing the contract or wanted to contact my lawyer, they would release the video.

“At that point, I became uncomfortable and signed the contract to avoid such embarrassment, and the car was released to me from where it was packed within the premises of ABS.

“From that moment, I became a slave to them. On October 11, 2016, they called me to come and make presentations inside the office of one the organisers. After that, the man excused some people in that room and showed me the video again.

“They told me to drop my car and removed my crown from me. I told them I would take the car as stipulated in the contract. They insisted I should pack it in the premises of (ABS).

“I told my uncle in Abuja about the situation. My uncle called them and asked them to release my car to me. Instead, they forwarded the video to him as part of the blackmail. That was what happened.”

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OPINION: Today’s pastors are all fake; Jesus is the only true pastor

Editor’s note: Femi Aribisala, a scholar, international affairs expert and iconoclastic church pastor in Lagos, in his latest piece, explains why today’s pastors are all fake and that Jesus is the only true pastor.

Mr. Aribisala is the ZENITHBLOG.com partner blogger. He could be reached through his e-mail faribisala@yahoo.com. You can also follow his blog: Femiaribisala.com.

More details in ZENITHBLOG.com’s step-by-step guide for guest bloggers.

“All those who call themselves pastors are not disciples of Jesus. Their authority is not from heaven, but from men.”

Frustrated by the magnitude of the miracles attending Jesus’ ministry, the chief priests and elders of the Jews challenged him in the temple. They demanded to know by what authority he was doing the things he was doing and who it was who gave him the authority.

In his reply, Jesus presents a dichotomy between what is of God and what is of men. He asks them: “The baptism of John- where was it from? From heaven or from men?” (Matthew 21:25).

READ ALSO: Oyedepo warns FG against forcing Islamic Studies on Christian students

The question is loaded. By implication, Jesus maintains what is of God cannot be of men and what is of men cannot be of God. This dichotomy between God and men finds its most eloquent expression in Jesus’ categorical assertion that: “What is highly esteemed among men is an abomination in the sight of God.” (Luke 16:15).

OPINION: Today’s pastors are all fake; Jesus is the only true pastor

OPINION: Today’s pastors are all fake; Jesus is the only true pastor

It is pertinent, therefore, to ask whether the ordination of pastors today is of God or of men.

Fake pastors

The answer is straight-forward: the ordination of pastors today is of men and not of God. It does not come from the commandments or teachings of Jesus. It comes from the writings of Paul.

Paul does not say Jesus specifically instructs him to create ministerial positions in the church. Instead, he bases his authority for doing this on a messianic Old Testament scripture. With reference to psalm 68, he writes: “This is why it says: ‘When he ascended on high, he led captives in his train and gave gifts to men.’” (Ephesians 4:8).

Understanding that this scripture foretells Christ’s resurrection, Paul then says: “(Jesus) himself gave some to be apostles, some prophets, some evangelists, and some pastors and teachers, for the equipping of the saints for the work of ministry, for the edifying of the body of Christ.” (Ephesians 4:11-12).

However, on investigation it becomes apparent that Paul’s position misquotes and even distorts the original psalm. The psalmist says: “When you ascended on high, you led captives in your train; you received gifts from men, even from the rebellious- that you, O LORD God, might dwell there.” (Psalm 68:18).

Can you see the difference? The psalmist says men gave gifts to the Lord. Paul, in quoting the psalmist, changes this to say the Lord gave gifts to men.

Unauthorised ministerial posts

Apparently, Paul wanted to create posts in the churches he established so as to bring them more effectively under his control. So he twisted an Old Testament scripture to make it seem as if it was the Lord who authorised it.

As a result, there are people today who insist the Lord has called them to be pastors and teachers, not knowing that Jesus does not envisage any of these positions under the New Testament.

This is what Jesus says: “I send you prophets, wise men, and scribes.” (Matthew 23:34). Nothing here about pastors and teachers. On his resurrection, he said furthermore: “Go into all the world and preach the gospel to everyone.” (Mark 16:15). This means all believers are called to be evangelists, it is not a special calling for a select few.

In creating unauthorised posts, which have since spawned many others such as popes, arch-bishops, and right-reverends, Paul enshrined the spirit of the Pharisee in the heart of Christianity, contrary to the teachings of Jesus.

Jesus discourages honorific titles and warns that those who exalt themselves will be humbled. He mocks the pomposity of the Pharisees, insisting that we should not follow their example: “Don’t let people do that to you, put you on a pedestal like that. You all have a single Teacher, and you are all classmates.” (Matthew 23:8).

This show Jesus permits no differentiation among his followers. We are all equal. The pope is no different from the lay Catholic. The arch-bishop is the classmate of the members of the laity. None of them is greater in status than the other. So how come some classmates are now calling themselves teachers?

Nevertheless, Paul tells Timothy: “I was appointed a preacher and an apostle- I am speaking the truth in Christ and not lying- a teacher of the Gentiles in faith and truth.” (1 Timothy 2:7). This cannot be true because Jesus expressly forbids this: “Do not be called teachers; for One is your Teacher, the Christ.” (Matthew 23:10).

Moreover, Jesus tells us God, and not men, will be our teacher: “It is written in the prophets, ‘And they shall all be taught by God.’ Therefore everyone who has heard and learned from the Father comes to me.” (John 6:45).

No contradiction

Jesus says furthermore: “Don’t set people up as experts over your life, letting them tell you what to do. Save that authority for God; let him tell you what to do.” (Matthew 23:9). This means the pastor is not the head of a church.

He cannot lord it over members of his congregation. As a matter of fact, pastors are now anachronistic. Jesus says: “There shall be one flock and one pastor.” (John 10:16). This establishes Jesus as the one and only “Good Pastor.” (John 10:11).

God the Father is the source of all authority and from him it flows to Jesus, the Son. Does it then flow from Jesus to the pastor, the bishop, or the pope?

Certainly not! On his resurrection, Jesus declared to his disciples: “All authority has been given to me in heaven and on earth.” (Matthew 28:18). The authority remains firmly with Jesus.

Jesus says: “You know that the rulers of the Gentiles lord it over them, and those who are great exercise authority over them. Yet it shall not be so among you; but whoever desires to become great among you, let him be your servant.

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“And whoever desires to be first among you, let him be your slave- just as the Son of Man did not come to be served, but to serve, and to give his life a ransom for many.” (Matthew 20:25-28).

Strange doctrine

What are we to conclude from all this? All those who call themselves pastors are not disciples of Jesus. Their authority is not from heaven, but from men. They are fake pastors with Jesus being the only legitimate pastor.

David says: “The Lord is my pastor, I have all that I need.” (Psalm 23:1). If Jesus is our pastor, we don’t need fake pastors. Jesus does not outsource his church to pastors. He says: “I will build my church.” (Matthew 16:18).

Wittingly or unwittingly, pastors today disobey the voice of Jesus by heeding instead the voice of Paul. Eternal life is not in the words of Paul. Eternal life is in the words of Jesus. (John 6:68-69). Jesus, not Paul, is “the author and finisher of our faith.” (Hebrews 12:2). Therefore, Jesus’ words are the only acceptable basis of church doctrine.

The Holy Spirit does not speak on his own authority; he only says what he hears. (John 16:13-15). Not so with pastors. They insist on being answerable to themselves.

Jeremiah says: “A horrible and shocking thing has happened in the land: The prophets prophesy lies, the priests rule by their own authority, and my people love it this way. But what will you do in the end?” (Jeremiah 5:30-31).

OPINION: Today’s pastors are all fake; Jesus is the only true pastor

Femi Aribisala

The views expressed in this article are the author’s own and do not necessarily represent the editorial policy of ZENITHBLOG.com.

ZENITHBLOG.com welcomes writers, bloggers, photographers and all sorts of “noise makers” to become a part of our Bloggers network.

If you are a seasoned writer or a complete newbie – apply and become Nigeria’s next star blogger. Send us some info about your career, interests and expertise and why you’d like to contribute to the Blogger Network at blogger@corp.zenithblog.com. Also, please send us the link to your blog and three examples of your work.

Following his absence from Nigeria over his health challenges, ZENITHBLOG.com TV has asked Nigerians if they miss President Buhari:

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You must learn to appreciate us, Niger Delta groups warn Nnamdi Kanu over comment on GEJ

– Some groups in Niger Delta has condemned Nnamdi Kanu’s derogatory remark on former president Goodluck Jonathan

– The group cautioned the IPOB leader on his choice of words especially when in public

– The groups also said Kanu must be careful while speaking outside to avoid any form of misconstrued opinions over his comments

Some Niger Delta groups have condemned the comments credited to the leader of the Indigenous People of Biafra (IPOB) Nnamdi Kanu on the past Nigerian president Goodluck Jonathan.

The group Niger Delta Security Watch of Nigeria (NDSWN), Ijaw Peoples Development Initiative, (IPDI), and Foundation for Human Rights and Anti-Corruption Crusade (FHRAAC) said Kanu’s remarks that Goodluck Jonathan was incompetent can undermine the relationship between the East and the Niger Delta.

The groups led by Dickson Bekederemo, Austin Ozobo and Alaowei Cleric said while the agree with Kanu on some of his ideologies concerning the North and the unity of Nigeria, it is wrong for him to have spoken negatively about the former president.

READ ALSO: Igbo quit notice: Governor Ganduje reveals what will happen to Igbos in Kano state

The group further cautioned the IPOB leader to be mindful of this comments especially in public in order the avoid any form of misconstrued opinions.

Niger Delta groups berate Nnamdi Kanu over comments on Jonathan

The group cautioned the IPOB leader on his choice of words especially when in public

“Why we want to totally disagree with Nnamdi Kanu is that due to the inordinate ambitious northern elite, no matter one’s selfless sacrifice to assuage their yearning, as long as political power is not in their hands, they will still hate the south.

“President Jonathan was neither ignorant, nor naive, but was caged nor he spent his tenure placating a region that see power as their birth right. The Arewa Consultative Forum love and adopt any southerner as their son if the southerner is a willing tool against his own people.

READ ALSO: Evans drops another BOMBSHELL, reveals surprising amount of money he has in the bank

“While we are in agreement with Kanu on the issue of the north hating the south, we however, take exception to his assertion that President Jonathan was incompetent,” the groups said.

“What does Nnamdi Kanu want from GEJ? That GEJ should have ruled with brute force like President Buhari? Or that he should have concentrated his developmental efforts only in the south as a result of their hate for the south?

“While we appreciate Kanu’s disposition towards northern political elite with born to rule attitude, we want to say here that hate for hate multiply hate. We are all witness to the 95 per cent and 5 per cent dichotomy introduced by President Buhari into our democratic lexicon, which has snowballed into irreconcilable misunderstanding between the north and south.

“At the moment, President Buhari hatred for south which he demonstrated through his lopsided appointment has taken Nigeria to the cliff and the only remedy for the country not to fall over the cliff is the immediate implementation of confab report of 2014.

READ ALSO: President Buhari not on life support – Okorocha replies Fayose

“We expected Kanu to equally appreciate the contributions of Niger Delta towards his release and the Biafra agitation as counterparts. We never expected of him to make outbursts that will undermine the friendship of the east and Niger Delta region.

“Again ,despite there were some shortcomings in Jonathan government, it is wrong to say Jonathan was not friendly to the east, or ignorant and naive, there was no average politician in the east that did not benefit from Jonathan administration.

The Niger Delta group also prayed that the IPOB leader learn to chew his words when he is in public.

ZENITHBLOG.com earlier reported that the All progressives Grand Alliance (APGA) had warned the IPOB leader to stay humble and drop his ‘emperor’ perception about himself.

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The political party said Kanu’s call for the boycott of both the November 2017 gubernatorial election in Anambra state and the 2019 general election should the federal government fail to do nothing about restoration of Biafra is irresponsible.

You can watch this ZENITHBLOG.com video of Nnamdi Kanu addressing his followers in his hometown:

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Survived the plane crash but died of injuries 5 years later – Taraba Governor

Is former Taraba Governor dead? What has happened to him? Is it one of the Danbaba Suntai plane crash consequences? Here, we have the most reliable information for you.

Danbaba Suntai, former Taraba Governor

Danbaba Suntai, former Taraba State Governor

On Wednesday, June 28, the press reported the death of the former Taraba Governor Danbaba Danfulani Suntai. The death of the ex-governor was acknowledged by state officials one of whom was Emmanuel Bello. He is a Senior Special Assistant who deals with the Public Affairs of Darius Ishaku, the Governor of the State.

We want to share a few words about the deceased. Danbaba Suntai was a great pharmacist and politician in Nigeria. The statesman was elected as a Governor of Taraba State, Nigeria from the People’s Democratic Party (PDP) in April 2007. Danbaba Suntai was re-elected on April 26, 2011, to the governor’s post for the second term.

Danbaba Suntai plane crash

Danbaba Suntai – plane crash

In October 2012 a misfortune happened with Mr. Suntai. He was involved in a plane crash. Danbaba Suntai flew a light-engine aircraft and which crashed near Yola Airport, in Adamawa State. The governor survived. But he needed constant therapy because of injuries he sustained, which included injury to the brain. He has been receiving treatment at the best hospitals around the world.

Firstly, he was admitted at the National Hospital in Abuja. Later Danbaba Suntai was transferred to a German clinic. After some time, the victim of the air crash was transported to Johns Hopkins Hospital in the State of Maryland, US. He also underwent restorative therapy at the rehabilitation center for trauma patients of Staten Island in New York.

The governor did not resign from his position as governor. It was assumed that Danbaba Suntai, after the necessary treatment, would return to his duties in Nigeria.

READ ALSO: BREAKING: Ex-Taraba governor Suntai involved in helicopter crash dies in US

Danbaba Suntai after the medical treatment

The attempt of retrieval to the duties

In August of 2013, after ten months of rehabilitation, Mr. Suntai came back to Nigeria. His supporters believed that Danbaba Suntai was ready to take up his official duties. But, unfortunately, rumors, doubts, and claims about the governor’s health status led to a crisis in Taraba state. It turned out that the health problems did not allow him to deal with his official affairs successfully.

Danbaba Suntai is a great pharmacist and politician of Nigeria

Danbaba Suntai is a pharmacist and politician of Nigeria

Danbaba Suntai had to leave Nigeria one more time for treatment abroad.

And now the sad news about the former Governor of Taraba State dead came from the United States. Danbaba Suntai died at the age of fifty-five. He passed away only two days before his 56th birthday. We offer our sincere condolences to his family and friends.

READ ALSO: How Suntai’s plane crashed – Eyewitness account

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Advantages and Disadvantages of Naira Devaluation on Nigerian Economy

When people hear about devaluation – they usually do not understand how it works. The impact of devaluation of Naira in the Nigerian economy may have a negative and positive outcome. Let`s take a look at how it really affects Nigeria!

Impact of devaluation of Naira in the Nigerian economy

Effect of Devaluation

Effect of Devaluation

For the last two years, Naira has managed to lose double its value in relation to the dollar.. Two years ago you could buy one dollar at the black market for N186 – today, you can purchase the same dollar for N365. It`s certainly not surprising that people are worried about these numbers. Nevertheless, devaluation have two sides! Let`s take a look at the possible advantages and disadvantages of the devaluation of Naira and its implication.

Benefits of Devaluation

Benefits of Devaluation

1. Increasing of exports

Increasing of exports

Foreign buyers are usually interested in buying cheap goods. Therefore, depreciation can create a potential growth for entrepreneurs on the international markets. It will stimulate the local manufacturers to produce more goods for the foreign market.

2. Potential Economic Growth

Potential Economic Growth

Devaluation of Naira meaning is not something you should be afraid of. The market is constantly changing. Therefore, it`s necessary to change with this market. If the Federal Government provides the conditions for easy access of foreign markets, then Nigerians may get better business and job opportunities. Therefore, most of their efforts will be focused on export trades.

3. Less Import Activity

Less Import Activity

Importation has become less affordable for Nigerians! Therefore, some Nigerians will try to substitute foreign goods with the local ones. This might increase possibilities for local producers. They will therefore have less competition with foreign market and cater more to the country.

4. Reduced trade deficit

Reduced trade deficit

The effect of devaluation of Naira on the Nigerian economy may be extremely positive. Nigeria will decrease its dependence on imported goods! Therefore, it may start producing and exporting its products to foreign markets. This will increase the quantity of jobs and business opportunities within the country!

5. Quality Goods

Quality Goods

If import decreases, then you will need something to substitute imported goods. Therefore, with a sound investment climate, Nigeria may get its own products with more affordable price. It will create more jobs on the market and provide better business opportunities.

Disadvantages of Devaluation

Disadvantages of Devaluation

1. Inflation

Inflation

It’s the biggest problem of effect of devaluation of Naira on Nigerian Economy. In other words, people will become poorer. The price of goods will be increased as entrepreneurs will have to cover costs. Long lasting devaluation may transform into financial crisis.

2. Reduced Purchasing Power

Reduced Purchasing Power

When you purchase any item at a shopping mall, you do not just purchase it. You invest into somebody`s business venture. That`s how the economy works! With reduced purchasing power, you will have no ability to support someone`s business. Therefore, the owner of the business will try to adapt to the current situation. If the owner fails to adapt, he/she will be kicked out of business.

3. Devaluation may scare investors

Devaluation may scare investors

Investors do not like the idea of investing in something that will inevitably lose its price. Therefore, too rapid inflation in the country may scare them off.

4. Problems with debts in foreign currency

Problems with debts in foreign currency

People who have debts in foreign currency will suffer the most. They will feel the real devaluation of Naira and its implication on themselves and their business. Therefore, without the help from the Government, these people will be doomed.

5. Import decrease

Import decrease

If Nigeria is not able to substitute goods, then Nigerians will have problems. The price for import products increase. Therefore, people will buy fewer imported goods.

Current policy Upon Devaluation of Naira

Current policy Upon Devaluation of Naira

READ ALSO: Inverter prices in Nigeria

President Muhammadu Buhari proclaims that he would not agree to the devaluation of Naira. The reason for that is oil! Nigeria is tremendously dependent on oil exports! About 80% of Nigerian export is oil. Nigeria does not provide anything else that can substitute oil.

Moreover, the current oil prices are pretty low. No expert predicts that oil prices will increase. Therefore, according to this situation, the Federal Government will try to fight against the depreciation.

What is the reaction of international experts?

What is the reaction of international experts?

A few months ago, Vanguard publicized an article about the impact of the devaluation of Naira. It was pointed out that Nigeria was going to make the same mistake that was made thirty years ago. In 1986, Nigeria also tried to fight against devaluation.

The political situation was almost the same as today. It was the very period of the cold war between USSR and USA. Therefore, the markets held oil prices at the pretty low level to limit USSR.

Nigerian political decision towards the devaluation of Naira

That Nigerian political decision towards the devaluation of Naira created many risks:

☑ It created a double foreign exchange market;

☑ It created the macroeconomic collapse;

☑ It created the deficit on the market;

☑ It created corruption schemes which included black markets;

In 1986, the official rate of Naira to Dollar was about N1.5. At the same time, the parallel exchange rate provided N5 for one dollar. Despite efforts of the Government, it was not possible to hold these prices.

Devaluation of Naira on Nigerian Economy

Devaluation of Naira on Nigerian Economy

The international experts keep insisting that parallel exchange rate damages the Nigerian economy. If the Federal Government insists on refusing the depreciation, then Nigeria may lose investors. Moreover, it seems that history is about to repeat itself. Thirty years ago Nigeria had an almost identical situation. Also, the excuses for refusing the Naira`s devaluation were the same. Maybe it`s time to adapt to the devaluation instead of hiding from it?

READ ALSO: Objectives of monetary policy in Nigeria

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