THE REPRESENTATIVE OF THE OKIGWE SOUTH FEDERAL CONSTITUENCY IN THE HOUSE OF REPRESENTATIVES, CHIKE OKAFOR, HAS URGED CAUTION FOLLOWING CALLS FOR THE DISBANDMENT OF THE ANTI-KIDNAPPING UNIT OF THE IMO STATE POLICE COMMAND, COMMONLY KNOWN AS TIGER BASE.(PHOTO).

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 The representative of the Okigwe South Federal Constituency in the House of Representatives, Chike Okafor, has urged caution following calls for the disbandment of the Anti-Kidnapping Unit of the Imo State Police Command, commonly known as Tiger Base. Okafor also expressed his disapproval of the numerous attacks on the social and traditional media aimed at pressuring authorities to dissolve the unit, and accused the opposition of orchestrating the sustained media trial of the outfit. He argued that dissolving the Tiger Base would be akin to discarding the entire structure due to the actions of a few. He also expressed disapproval of the attempts to implicate the state Governor, Senator Hope Uzodimma, for the alleged misconduct of the unit. He said; 'The governor demonstrated leadership by mobilising the federal and state security apparatuses to ensure that non-state actors did not dominate the state. "Those who are praying for the political down fall of the governor with this...
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INFLATION RATE: NIGERIA DOING BETTER THAN OTHER AFRICAN COUNTRIES- CBN.(PHOTO).

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Inflation rate: Nigeria Doing Better Than Other African Countries – CBN


The Central Bank of Nigeria, CBN said the country’s inflation rate is still doing better than most African nations.


The acting Governor of the CBN, Folashodun Shonubi, stated this at the 2023 Zenith Bank International Trade Seminar in Lagos on Tuesday.


According to him, there were several contributing factors to the global inflation rise Speaking on the theme, “Nigerian Non-Oil Export Industry. The Present, The Future,” Shonubi expressed concern over low growth rate in non-oil exports to Gross Domestic Product ratio.


The acting CBN governor, who was represented by the Deputy Governor, Economic Policy at the CBN, Kingsley Obiorah, said Nigeria’s inflation rate stood at 22.8 per cent, adding that the International Monetary Fund expected the country to have a growth moderation of 3.2 per cent in 2023.


Obiorah stated, “Now, when you come down to Africa and neighbouring Ghana, At the last count inflation there is at 42.5 per cent. We have it at 31 per cent in Ethiopia and 36 per cent in Egypt.


“So, in our dear country, we are at 22.8 per cent. When you hear these figures, it tells you that we’re not doing as badly but all of this has also affected economic growth itself. Today, the IMF has revised growth downwards from 3.5% per cent to three per cent this year and 3 per cent next year.”

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