A 3-YEAR-OLD BOY WAS STRUCK BY GUNFIRE AS POLICE BURST INTO A BARRICADED ROOM, ENDING A FRIGHTENING HOSTAGE SITUATION.(PHOTO).

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 A Mother's Day Nightmare in Princeton, Illinois. A 3-year-old boy was struck by gunfire as police burst into a barricaded room, ending a frightening hostage situation. Multiple agencies responded to the Hummingbird Mobile Home Park in Princeton, Illinois, on Sunday, May 10th at 2:42 a.m. The initial call went out as a domestic disturbance but officers discovered much worse.  42-year-old, Anthony Rodriguez, had barricaded himself in a room armed with a knife. Anthony had taken several people as hostages, including Aurora Almanza and her 3-year-old son.  Multiple agencies were on the scene, including the Bureau County Sheriff's Office, Illinois State Police and  the Princeton Police Department.  Authorities attempted to negotiate but ultimately rushed the room when they heard screaming coming from inside.  Officials have reported that officers fired shots as they entered the room. Anthony Rodriguez was hit and was neutralized.  Sadly, Aurora Almanza's t...
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WALE EDUN: ECONOMIC INSTABILITY, FX PAUCITY FORCED 800 COMPANIES TO SHUT DOWN. (PHOTO).

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 Wale Edun: Economic instability, FX paucity forced 800 companies to shut down

 

Wale Edun, minister of finance, says economic instability forced 800 companies to shut down operations.


Edun made this known on Tuesday in Abuja during the sectoral report of President Bola Tinubu’s one year in office.


The minister said the departure of these companies was not sudden.


He said issues such as market instability, unfulfilled promises, and contract breaches drove them away, but these issues have now been resolved.


“Government did inherit an unstable economy,” Edun said.


“The 800 companies or so did not make up their minds overnight. They stayed until they could stay no more.


“The conditions which sent them packing are no more. Those conditions were a foreign exchange market that was in no way fit for purpose.


“There was no liquidity. They were a general economic regime marked by instability, broken promises, lack of adherence to contracts.”


Edun said the new environment for investors involves tackling inflation, which will eventually result in lower interest rates.


This, he said, will allow investors to leverage the dynamic domestic markets to enhance their equity and invest.


On March 6, the Manufacturers Association of Nigeria (MAN) said 767 manufacturers shut down operations, while 335 became distressed, in 2023.

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