Dangote slams CBN’s 26% interest rate hike
Photo Credit: Punch Newspapers
The Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has said the latest increase in interest rate to almost 30 per cent by the Central Bank of Nigeria, will hurt local manufacturing businesses.
Dangote stated this, during the opening session of a three-day National Manufacturing Policy Summit Organised by the Manufacturers Association of Nigeria at the Banquet Hall of the State House, Abuja on Tuesday.
“Nobody can create jobs with an interest rate of 30 per cent. No growth will happen,” he said.
His comments come weeks after the CBN’s Monetary Policy Committee, in May, agreed to increase the Monetary Policy Rate for the third consecutive time from 24.75 per cent to 26.25 per cent.
Police Gun Down 2 Bandits In Benue
Police in Benue State conducted a successful raid on a bandit camp located at Mbatyula Council Ward in Katsina-Ala Local Government Area, resulting in the death of two bandits. The operation, part of ongoing efforts to curb banditry in the Sankera axis, involved intense exchanges of gunfire where police seized firearms, motorcycles, camouflage uniforms, and communication devices. Police spokesperson Catherine Anene confirmed the deaths of the bandits, with their bodies deposited at a local hospital, while other suspects managed to escape. The Commissioner of Police, Hassan Steve Yabanet, praised the officers' bravery and urged locals to provide information on fleeing suspects.
Borno Bomb Attack: Female suicide bombers were imported – Reps allege
Photo Credit: Daily Post
The House of Representatives, has claimed that the female suicide bombers responsible for the killing of scores in Borno State on Saturday, were imported.
The lawmakers said this in a resolution after considering a motion of urgent national importance by the member representing Gwoza/Chibok/Damboa federal constituency, Ahmed Usman Jaha, on Tuesday.
While condemning the attack, Jaha stated that findings showed that bombers were “recruited, brainwashed and imported from outside the state” to carry out the suicide act in Gwoza.
He further argued that the bombings indicated the ongoing threat of terrorism in the country. The lawmaker also informed the house that more than 180 people, were critically injured and currently receiving treatment in various hospitals in the state.
Rivers Crisis: Pro Fubara group expels members over ties with Wike
Photo Credit: Daily Post
The Concerned Rivers Citizens, CRC on Tuesday said some of its members suspected to be loyalists of the state’s former governor, Nyesom Wike have been expelled.
The group, in a statement issued by its President, Jackson Thomas and Secretary-General, Kelvin Eguono said the alleged impostors were expelled for their selfish and malicious activities.
“We are shocked that these individuals, would go to the extent of blackmailing Governor Simi Fubara in an attempt to please their paymasters while ignoring the real issues on the ground.
“We want to make it clear that we are not part of their scheme and do not support their actions,” the statement said.