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November 19, 2024 Edo Women Protest Rampant Cult-Related Killings: “We Are Tired”

Edo Women Protest Rampant Cult-Related Killings: “We Are Tired”

Hundreds of women in Edo State took to the streets of Benin City on Tuesday to protest the surge in cult-related killings that have claimed numerous lives over the past two months.

Dressed in black and holding placards with messages such as “We are tired of the killings” and “Save our youth”, the women converged at the Nigeria Union of Journalists (NUJ) Secretariat in Edo State. They called on the state government, traditional leaders, religious organizations, and security agencies to urgently intervene and restore peace.

Gloria Ojo, one of the protest leaders, presented a heartfelt letter titled “Appeal for Peace and Unity in Edo State” to the NUJ. In her address, she called on leaders to take decisive action, stating:

“I write with a heavy heart about the tragic events in Edo State, especially the senseless killings of our youth. These young people are the future of our nation, and it is heartbreaking to see their lives cut short. I urge our leaders to use their influence to halt this violence and promote peaceful coexistence, dialogue, and understanding.”

Ojo emphasized the need for justice, reconciliation, and unity to bring an end to the ongoing bloodshed.

Another protest leader, Precious Ikponmwen, highlighted the devastating impact of the killings on women and families.

“We are tired. Many young women in their 20s and 30s are now widows. Almost every household in Edo has been affected. How do we raise children alone in such conditions? These killings must stop,” she pleaded.

She noted that the victims of these cult clashes are often their husbands and brothers, further intensifying the burden on families.

In response to the growing crisis, Edo State Governor Senator Monday Okpebholo reaffirmed his administration’s commitment to tackling cult-related violence.

“During my campaign, I made security a top priority, and it remains so. The current level of cultism in Edo is unacceptable. We will not sit idly while bloodshed continues. Security agencies have been directed to root out these criminals and ensure peace returns,” Okpebholo declared.

The governor assured citizens that his administration is collaborating with security agencies to make the state safe for all, vowing that Edo would no longer harbor criminal elements.

Commissioner of Police Umoru Ozigi also addressed the issue, confirming that the recent security council meeting focused heavily on combating cultism.

“The state government has provided full support to security agencies to address this crisis. We are committed to restoring safety and ensuring that residents of Edo can live without fear,” Ozigi stated.

The protest highlights the urgency for collective action to curb cultism and violence, as Edo women demand accountability and peace in their communities.

 

November 19, 2024 Chevron Pensioners Stage Protest Over Unresolved Issues in Lagos

Chevron Pensioners Stage Protest Over Unresolved Issues in Lagos

Chevron Nigeria retirees staged a protest at the company’s headquarters in Lagos on Tuesday, voicing their grievances over various issues.

Carrying placards with messages such as We say no to dissolution of CNCPFA,” “Chevron, stop discrimination against retirees,” and Respect Nigerian laws above your policies,” the protesters expressed dissatisfaction with delayed pension payments and other concerns.

The retirees criticized the outsourcing of their pension fund and demanded clarity on whether Chevron had divested from Nigeria. They accused the company of breaking Nigerian laws, showing disregard for pensioners, failing to engage with the National Pension Commission (PenCom), and freezing pensions for decades.

Their calls for fairness highlighted concerns about their treatment compared to retirees from other international oil companies (IOCs).

Chevron Pensioners Stage Protest Over Unresolved Issues in Lagos
Chevron Pensioners Stage Protest Over Unresolved Issues in Lagos

 

Chevron Pensioners Stage Protest Over Unresolved Issues in Lagos
Chevron Pensioners Stage Protest Over Unresolved Issues in Lagos
November 19, 2024 Senate Holds Tribute Session for Late Ifeanyi Ubah

Senate Holds Tribute Session for Late Ifeanyi Ubah

The Senate on Tuesday suspended its house rules to welcome family members and close relatives of the late Senator Ifeanyi Ubah for a valedictory session held in his honor.

During the solemn event, Senate President Godswill Akpabio directed attention to the seat of the late senator, which was draped with the Nigerian flag and surrounded by four symbolic candles.

Akpabio noted that the day was dedicated to remembering Senator Ifeanyi Ubah, who passed away on July 26, 2024, at the age of 52.

He praised Ubah, a businessman and politician from Otolo, Nnewi North, as a visionary leader known for his extraordinary empathy, commitment to economic empowerment, and dedication to community development.

Akpabio further described Ubah’s death as a significant loss to Nigeria's political landscape.

November 19, 2024 Tinubu Seeks NASS Approval for ₦1.77 Trillion New External Loan

Tinubu Seeks NASS Approval for ₦1.77 Trillion New External Loan

President Bola Tinubu has formally requested the National Assembly to approve a new external borrowing of ₦1.767 trillion (approximately $2.209 billion) as part of the 2024 budget. The funds are intended to partially finance the ₦9.7 trillion deficit outlined in the 2024 appropriation bill.

The President's request, delivered during Tuesday’s plenary session, was accompanied by the submission of the Medium-Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) for 2025–2027 and an amendment bill to establish the National Social Investment Programme (NSIP). The proposed amendment aims to position the social register as the primary tool for implementing federal social welfare initiatives.

This development comes amid growing concerns about Nigeria’s rising debt servicing obligations. Data from the Central Bank of Nigeria (CBN) reveals that the Federal Government spent $3.58 billion servicing foreign debt in the first nine months of 2024, a 39.77% increase compared to $2.56 billion during the same period in 2023. The highest monthly debt service payment occurred in May 2024, totaling $854.37 million, significantly higher than the $221.05 million recorded in May 2023.

The escalating cost of debt servicing reflects Nigeria’s increasing dependence on external borrowing, compounded by the weakening naira, which has devalued from₦899.39/$1 in December 2023 to ₦1,470.19/$1 by June 2024. This has significantly increased the naira-denominated value of the nation’s foreign debt.

At the state level, Nigeria’s 36 states collectively reported a debt increase to ₦11.47 trillion as of June 2024, up from ₦10.01 trillion in December 2023. This growth, driven partly by the devaluation of the naira, contrasts with a reduction in domestic debt from ₦5.86 trillion to ₦4.27 trillion.

A report by BudgIT highlights the fiscal challenges faced by state governments, noting that 32 states relied on federal allocations for at least 55% of their revenue in 2023. Lagos State stood out as the most self-sufficient, contributing ₦1.24 trillion to the combined revenue of all 36 states, while also holding the highest foreign debt of $1.24 billion.

Despite the rise in revenue for states—up 31.2% from ₦6.6 trillion in 2022 to ₦8.66 trillion in 2023—the report underscores the over-reliance on federally distributed revenue, exposing states to economic shocks tied to crude oil prices and external factors.

The ongoing reliance on federal allocations highlights the urgency of fiscal reforms to improve internally generated revenue and reduce vulnerability to external economic pressures.

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