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Ruga Settlement: ‘We don’t have land to accommodate foreigners’ – Ijaw youths blow hot

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The Ijaw Youth Council, IYC Worldwide has declared that the proposed Ruga settlement for Fulani herdsmen in various states of the federation will not be not accepted in Ijaw land, asserting that “we don’t have land to accommodate foreigners”.

IYC national leader, Pereotubo R. Oweilaemi, Esq made this assertion in a statement signed in Warri on Tuesday.

The IYC said, “The desert North is big enough for the Fulanis to rear their cattle. We will not accommodate people whose ultimate goal is to carry out religious jihad against their hosts in order to establish their Islamic caliphate.

“The Fulanis who have been terrorising the indigenous people in the Meddle Belt as well as some parts of Southern Nigeria are seen as a Trojan horse to us.

“IYC rejects in its entirety the move by the Federal Government to establish the said Ruga settlement for the Fulanis.”

The Ijaw youths continued, “The Government should not by act or omission instigate ethno-religious crisis in the Country. The genocide being perpetrated against the Meddle Beltans by these Fulani warmongers under Buhari’s government has not been addressed by the latter with a determined effort.

“At the height of the killings by the Fulani terrorists, the presidency only said the Meddle Belt people should relinquish their ancestral lands to the killer herdsmen or be ready to be killed continuously.

“How can we cede a land to such persons who take delight in massacring innocent people under the gleeful eyes of the federal government of Nigeria?

“We will not invite such Trojan horses to our land in order not to betide future generations. We are warning the six governors of the South South states together with the Governor of Ondo State not to accept that dangerous proposal.

“Should any of them being politically cajoled to accept the proposal then we will take a bloody revolution against them and their imperial interest. This is not a warning. Ijaw people are ready to defend our land even with the last drop of our blood.

“On the Fulani Vigilance Group, our message is the same. We don’t need any vigilante group by the world number fourth terrorist organisation. If the Government of Nigeria cannot protect us then the Ijaw nation is able to protect our lands and people.

“We are able to protect our territorial integrity to ward off internal and external aggressors including criminal syndicates. The security of lives and property is constitutionally vested in the government.

“If however, the government is unable to protect us then we will set up our own security outfits to protect our lands. President Buhari should immediately call his Fulani people to order before they set the Country ablaze.

“Nigeria is on the precipice which is heading to the cliff. The time bomb is ticking faster than expected. The antics of the Fulani ethnic group may ignite the conflagration which will consume the entire the Country. Our patient is running thin.”

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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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