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Arewa group tells Buhari how to tackle insecurity in Nigeria

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President Muhammadu Buhari has been urged to properly appraise the security operation in the country with a view to arresting the security challenges.

To be able to win the war against terrorism, armed banditry and kidnapping, there is the need to review the country’s security architecture.

Making the call in Kaduna State at a two-day Northern Nigeria Security Conference, organized by Arewa Research and Development Project, ZARDP, its Convener, Dr. Usman Bugaje, said the Buhari administration’s approach to the security challenges leave much to be desired.

Dr Bugaje said: “What is happening in Nigeria today in terms of security is known to everybody. A lot of killings and atrocities are under-reported. We have a situation where things were deteriorating and still deteriorating and every move by the security agency is not translating to positive results.

“It becomes necessary, therefore, to re-examine the situation and explore the community approach. We want to see what community can do so that we can come together and salvage this country.

“We have brought experts, even though many of them have retired from security forces, so they can bring their expertise and see how the communities can complement the efforts of the security agencies.

“Now, we are not here to blame any particular person. And in this two-day security conference, we did underscore a few points of action. There is the need to take this issue of security very seriously with all responsibility. There should be no room for politics or joke here.

“Secondly, I did say that a citizen will have a responsibility to participate and to show when the government is not delivering, even if it is under dictatorship or in the circumstance that we are.”

He opined, “So, we want people who are holding government’s positions from the lowest up to the President to understand that what they have been doing on security is not working. This is because, it is the citizens who can tell you whether what you are doing is working or not.

“The third point we are considering is the fact that citizens seem to have lost their courage to tell the truth. But this is important in our kind of setting because we are not sure if the President is getting the truth. We want to make sure those that are making policies and strategies are listening to the truth. It is important that whatever we see to be truth we say it.”

Comrade Issa Aremu, a member of National Executive Committee (NEC) of the Nigeria Labour Congress, NLC, observed that regardless of efforts of the security agencies, Nigeria would keep wallowing in crises, if the population growth rate continues to be higher than the country’s economic growth rate.

Aremu said, “Regardless of the efforts of the security agencies, Nigeria will continue to have crises, if the country’s population growth rate continues to be higher than economic growth rate.

“Regardless of whether we armed the security agencies to combat the security challenges, if the number of unemployed youths continues to increase more than that of the security operatives, there is bound to be problem.”

One of the speakers, Abubakar Sadiq Muhammed, said the present blanket approach employed by security forces to tackle insecurity cannot give the results the country needs.

“If you go to Zamfara, economy is in serious crisis. People are no longer going to farm and towns have been abandoned. There is large movement of people from the area they were engaging in farming activities to area where they don’t do anything to become internally displaced persons.

“Sometimes, we demonstrate our lack of capability to deal with the situation we found ourselves. If care is not taken, these criminals will overrun the security – God forbid, and that was why I said we have to look at our security architecture in this country seriously,” Muhammed said.

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Economy

Naira Makes More Recovery, Sells at N1,453/$1

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The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.

The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.

Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.

The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.

The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.

The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.

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Economy

Naira Gains Against Dollar, Trades at N1,603/$1

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The Naira, Tuesday continued its recovery against the American dollar as it traded at N1,603.38/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.

This represents a gain of N15.48 when compared to the N1,617.96/$1 it closed on, on Monday, March 11, 2024.

The intraday high was N1,637/$1, while the intraday low was N1,425.35/$1, representing a lean spread of N211.65/$1.

Meanwhile, the Naira gained N12 against the dollar at the parallel market as the local currency appreciated to N1,603/$1 as against the N1,615 /$1 it traded the previous day. As it stands, the naira is trading at the same rate at both official and parallel windows.

The Naira, however, slumped against the British Pound to trade at N2,050/£1 as against the previous trading day’s price of N2,030/£1 representing a loss of N20 for the local currency.

After about two weeks of closing flat against the Canadian dollar, the naira slumped massively to trade at N1,300/CA$1 on Tuesday, representing a decline of N150 when compared to the N1,150/CA$1 it traded the previous day.

The Naira lost N35 against the Euro to trade at N1,740/€1 as against the previous closing price of N1,705/€1 representing a loss of N35 for the local currency.

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Economy

Binance to Close Shop in Nigeria, Stops Transaction, Trading in Naira

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By Reuters – Binance will stop all transactions and trading in Nigeria’s local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether – a stablecoin whose value is pegged to the U.S. dollar.

Last week, Nigerian authorities detained two Binance senior executives on undisclosed charges as part of the crackdown.

They were still in custody, their local lawyer said before a parliamentary committee on Monday.

Source: Reuters

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