THE DEFENCE HEADQUARTERS SAYS TROOPS ELIMINATED OVER 100 TERRORISTS, ARRESTED 345 TERRORISTS, AND RESCUED 393 KIDNAPPED VICTIMS IN THE MONTH OF JULY.(PHOTO).

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 The Defence Headquarters says troops eliminated over 100 terrorists, arrested 345 terrorists, and rescued 393 kidnapped victims in the month of July. The Director, Defence Media Operations, Major General Michael Onoja, stated this during the monthly Defence Media Operations briefing at the Defence Headquarters in Abuja. Major General Onoja added that during the period under review, 57 terrorists surrendered, over 1,000 arms and assorted ammunition were recovered, 18 illegal refining sites were destroyed, while 250,500 litres of stolen crude oil and refined petroleum products were recovered. Speaking further, Major General Onoja, on behalf of the Chief of Defence Staff, General Olufemi Oluyede, reaffirmed the Armed Forces' commitment to the protection of lives and property nationwide, and their resolve to ensure that kidnapping, terrorism, secessionist agitation, and other forms of criminality are purged from society.
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NIGERIA NEEDS SOUND FINANCIAL SYSTEM FOR DEVELOPMENT- BAGUDU. (PHOTO).

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 Nigeria Needs Sound Financial System for development — Bagudu


Minister of Budget and Economic Planning Senator Abubakar Bagudu has said Nigeria needs to attract more resources than it has to fund its development agenda. For this to happen, the nation must develop a sound financial system with integrity


He spoke at the management retreat of the Nigerian Financial Intelligence Unit in Abuja noting that the 2050 Agenda of National Aspiration requires investment at least 100 billion dollars annually to achieve a GDP per capita of $33,000 or more by 2050.


The minister revealed that the current financing level is smaller than that but explained that President Bola Tinubu’s administration had undertaken bold and courageous economic reforms to boost its revenue. 

To buttress his point, he cited the $20 billion federal budget size, which he said was too small compared with other countries like Brazil and Indonesia, which have similar population sizes and have $750 billion and $210 billion budgets, respectively.


The minister explained that Nigeria needs a sound financial system to attract domestic and foreign investments to finance its development plan.


He stated that this was the role of the NFIU, which he said had performed creditably but needed to communicate its activities more effectively for the public to acknowledge.

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