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“Your Days Are Numbered In Our Forest Reserves”, Ondo Govt Warns Settlers Of Consequences

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By Ayodele Oni

The Ondo State Government has reminded settlers in its forest reserves that they are strangers and should be prepared to quit at any time.

Senior Special Assistant to the Governor on Agriculture, Akin Olotu, who spoke in Akure at a Correspondents Media parley, on Wednesday, said; “I believe this administration is so kind to them,  unlike what we had in the past. It is a punishable offence for anybody to just enter a forest reserve, build houses, create camps, pull down the trees and others. It is five years imprisonment.

“When this administration came in, we started the registration of farmers in the forest and the registration was never meant to confirm the ownership on them.

“And when we started it, most of them were not faithful, and most of them were not from Ondo state and we now made it compulsory for them that you cannot be mining our resources here and take it to elsewhere.

“Forest is a creation of law, so you need a counter law to declassify the forest. Ondo State Government is not wicked with anybody and no responsible government will just allow the forest reserve to be occupied by people without knowing them.

“So the security of our forest reserve, boosting of our cocoa production in the state and making it exportable are very paramount to us.”

Olotu, warned the so called ‘Camp Heads’ at the forest reserve areas to stop fomenting the efforts of the government to provide the adequate security for farmers in the state.

Olotu,  reiterated its commitment to collaborate and support all efforts to develop and move the cocoa and cashew industries forward in the state.

According to him, if the government at all levels put more efforts to develop cocoa, cashew and the value chain locally, there would be tremendous impact on the economy.

“We have a lot of benefits from these cocoa, cashew, cheer butter among others because they are exportable. So we need forest and this is the critical area government need to look into.

“So if we develop cocoa, cashew and the value chain locally, there will be tremendous impact on the economy.

“And it will create a lot of jobs for the people, crime rate will go down, and we will have a lot of foreign exchange in a sustainable way. There should be an equal attention to tree crops because we need forest.

“There must be an immediate and conscious efforts to promote all these crops in the country. It is a matter of necessity, it is not something that should be delayed, it can be treated the way the issue of fuel subsidy was treated.

“For us to do it successful, we need adequate security. All governors have agreed that we should have  state police. The people at the National Assembly should be sincere with all of us on this. So if we are to move forward in this country, there must be a power devolution.

“If farmers are secured today, I can tell you that we will be self-sufficient in foods in Ondo state. The security architecture of this country is not working at all and the problem is from the National Assembly.

“We need a system that is working, and until we go back to that, there won’t be a way forward.”

He added that cashew had become a national commodity that grows across the 36 states of the federation, with cocoa in second place in terms of foreign exchange earnings to the economy.

“For instance, several investors have shown interest in our agricultural projects, leading to the establishment of large-scale farms, agro-processing facilities, and partnerships with local farmers.

“To the glory of God, six investors are doing exceedingly well and we will begin to see the impact in the next couple of years.

“So the ‘Red Gold Project’, which is a major agricultural initiative being implemented by the Ondo State government with the aim of promoting the cultivation and processing of oil palm in the state, is a big success.

“We are developing the ‘Red Gold Project’. Oil palm is another major cash crop in Ondo State, with an estimated production of 30 metric tons per hour, is a big revolution that has taken place in the state.”

The SSA on Agric, who also frowned at the way and manner  the country is celebrating paper qualification without productivity, noted that; “until we de-emphasized it, we get no where to go.

“Educated people are being paid outside this country not because of their paper qualifications but they are being paid because of the value they add to the system.

“Our higher education has become a mere camp ground, so we should reward productivity not paper qualification.

“So your brain, value is your certificate. We have millions of certificated people, but they are zero skills, so until we address this, the country will not move forward.”

Delta Gov Oborevwori Condoles Oil Coy Over Collapsed Oil Rig, Fatalities

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By Ayodele Oni

Governor Sheriff Oborevwori of Delta State has extended heartfelt condolences to Seplat Energy Limited following the collapse of its ‘Majestic’ oil rig near Ovhor Oilfield in Sapele Local Government Area of the State.

The incident, which occurred in the early hours of Tuesday, culminated in the loss of one life with three others reportedly missing.

Oborevwori in a statement by his Chief Press Secretary, Festus Ahon, on Wednesday in Asaba, described the incident as tragic and commiserated with the company and family members of the deceased.

The Governor urged the company to take urgent steps in searching for the missing crew members and launch an inquiry into the circumstances surrounding the collapse of the oil rig.

The Governor said: “I am deeply shocked to hear about the sad incident of your oil rig collapsing on the way to a planned drilling location and the death of one crew member with three others still missing as of press time.

“On behalf of the Government and people of Delta, I sympathize with the Management of Seplat Energy Limited on the unfortunate collapse of its Majestic oil rig leading to the death of one person and missing three crew members.

“Our thoughts and prayers are with the three crew members who are still missing as of this moment and the family and friends of the crew member who tragically lost his life.

“I urge the management of the company to intensify rescue efforts for the missing crew members and also launch an inquiry into circumstances surrounding the unfortunate incident with a view to avoiding future occurrence.”

Northern Elders Back Niger Republic, Ask Tinubu To Remove Sanctions Against Military Regime

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Bola Tinubu

By Gideon Njoku

The Northern Elders Forum (NEF) has asked President Bola Tinubu to remove all sanctions which the Nigerian Government placed on the Military Government of neighbouring Niger Republic.

NEF, on Tuesday, said such removal would pave way for a fruitful negotiation with the Military Regime.

On July 26, 2023, the Nigerien Military  overthrew the Democratic Government of President Mohammed Bazoum, and placed him and his son in custody in a deplorable condition.

In response to the Coup, President Tinubu, who is the Chairman of the Economic Community of West African States, ECOWAS, immediately ordered the disconnection of  power supply to the Niger Republic by Nigeria, and closed all  borders between the two countries as part of the measures to pressurise the Junta to reinstate President Bazoum in office.

ECOWAS, under Tinubu, has also threatened to use Military Force against the Junta, a threat, most Nigerians, including the Senate of the Federal Republic and Northerners and several organisations rejected. Most of the Northern elite insist that Niger Republic is part of Nigeria and a declaration of war against it means a declaration of war against the North.

Speaking to Journalists in Abuja on Tuesday,  Dr Hakeem Baba-Ahmed, NEF’s  Director of Publicity and Advocacy, on behalf of the Convener Professor Ango Abdullahi, said the removal of sanctions on  Niger Republic will make negotiations easier to conduct. The sanctions, he noted, are affecting, negatively, the morale and welfare of Nigerians and Nigeriens  and detracting  from the existing positive disposition towards Nigeria’s position.

His words: “Nigeria should remove all sanctions and other measures intended to force the government and people of Niger into acquiescence.

“This will make negotiations led by Nigeria, using all assets that both countries value, easier to conduct. The Forum notes the apology offered by the military leaders in Niger to our President over the manner in which his envoys, General Abdusalami and His Eminence, the Sultan of Sokoto, were received.

NEF also said that the safety of President Bazoum and his family and the restoration of the constitutional order must remain non-negotiable priorities.”

NEF, also urged the military leaders in Niger to accord due cognizance and respect for the position of ECOWAS, whose fundamental principles and goals the Niger Republic submitted to.

NEF: “Active negotiations regarding President Bazoum and the plans of the military leadership in Niger should commence immediately.

“Nigeria is uniquely placed to engage the leadership of the Niger Republic to accept these with the minimum of delay.

“President Tinubu is Chairman of ECOWAS and leader of Nigerians.

He should explore ways of balancing these responsibilities without doing any injury to the position of Nigeria and Nigerians in the Niger Republic and the unity of the ECOWAS”, NEF noted.

Furthermore, NEF said the use of force against Niger should be ruled out, as it is unlikely to achieve the goals of restoring the constitutional order and improving the frontiers of democratic systems in West Africa.

“It will compound the security and humanitarian crises in the ECOWAS region. It is likely to weaken and further divide the ECOWAS and provide greater access for non-African interests into the lives of Africans, with negative consequences.

“The ECOWAS should actively re-assess the roles and designs of non-African interests in the West African region. In addition to multiple threats from armed groups in the Sahel and the region, we are becoming increasingly victims of global military manoeuvres and a scramble for our assets.

“Ordinary Africans understand this, and they resent another wave of exploitation of our weaknesses and our resources by parts of the world who have little respect for Africa.

African leaders must improve the quality of elections and governance so that African people can value and defend democracy in Africa with greater vigour.

“NEF commends all leaders and persons of influence, including the Nigerian Senate, who are contributing to a genuine resolution of the situation in the Niger Republic.

“We urge President Tinubu to recognise this unique moment in history and conduct himself in such a manner that it records his role as defining statesmanship.”

Married Mother of Five Dies in Aba During a Romp with a Bishop

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By Enyinnaya Ubochi,  Aba

What could have prompted a married woman and a mother of five who is also a Christian Evangelist to break her marriage vows by engaging in an amorous liaison with a Bishop?

Well,  sadly, the woman in question, Evangelist Happiness Echezie, is no longer alive to explain her action for she died in a hotel during a s*x romp with the said Bishop,  one Bishop Timothy Otu.

Bishop Otu who is the General Overseer of Agape Evangelical Ministries (City of Miracles) located in Obikabia Junction Aba, Abia State,  allegedly lodged with Evangelist Echezie at Jubilee Guest House, Ovom, Ogborhill,  Aba,  where she was later found dead.

According to Police sources, the incident happened at about 11 pm on Saturday,  the 12th of August 2023.

The woman’s dead body was discovered after  Bishop Otu who booked the room with her absconded after deceiving the receptionist that he was going out to buy food.

However,  the Manager of the Hotel suspected foul play and subsequently lodged a report at the Eastern Ngwa Police Station in Obingwa Local Government Area of the state early Sunday morning.

When Policemen arrived at the hotel, the woman was seen lying naked with foam coming out of her mouth and nose.

It was gathered that when her phone was opened, it was discovered that the deceased who is also a member of the  Agape Evangelical Ministries Incorporated founded by Bishop Timothy Otu, and the Bishop have been having romantic relationships and discussions via text messages.

Investigations revealed that the woman died during s*x with the Bishop.

Consequently, plain-clothed Policemen who disguised as Sunday worshippers traced him to his Church Sunday morning.

Bishop Otu who was preaching about repentance when the Policemen arrived was arrested immediately after his sermon and is currently detained at the Eastern Ngwa Police Station Obingwa.

The late Evangelist Happiness whose husband works in Yenagoa, Bayelsa State,  hailed from Umuatakawom in the Obingwa Council Area of the State.

FBNH Reassures Shareholders Of Sustained Improvement, High Dividend Payout

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The group Chairman of First Bank Nigeria Holdings, FBNH, Alhaji Ahmad Abdullahi has assured major stakeholders of the bank of sustained improvement in key metric areas as well as higher payout to its shareholders.

Abdullahi gave the assurance while presiding over the 11th Annual General Meeting, AGM, of the parent company of First Bank Nigeria, FBN, on Tuesday.

The virtual AGM had in attendance shareholders, directors, Management staff, and other stakeholders.

The major highlights of the event include the appointment of Femi Otedola and Oyewale Ariyibi into the board as Non-Executive Director and Executive Director, respectively; the announcement of 50 kobo dividend per share to its shareholders which the group said, is an increase of 43 percent from 35kobo per share paid in prior year.

The group also announced the Company’s Issued Share Capital from 17,947,646,396 of 35,895,292,792 ordinary shares of 50kobo each to N22,434,577,995 by the creation and addition of up to 8,973,823,198 ordinary shares of 50kobo was also approved at the meeting.

The meeting amended clause 6 of the Memorandum of Association, to reflect the newly issued capital of N22,434,557,995 by the creation and addition of up to 8,973, 823, 198 ordinary shares of 50K was also approved.

Presenting an overview of the group’s performance in the last financial year, Abdullahi highlighted key achievements, strategic initiatives, and vastly improved performance indices.

He reiterated the group and its subsidiaries’ commitment to continuously innovate and leverage opportunities to build on its customer-centric services, underscoring their importance in achieving sustainable growth and impact on the host communities of its businesses across the globe.

According to him, “the Group actively develops targeted initiatives to strengthen its capacity to create value greater than the sum of the individual parts.”

“At FBNHoldings, technology, and innovation are at the core of what we do. We recognise the competitive advantage innovation affords us and ensure it takes the front seat in the design, development, and enhancement of our products and services.

“Acknowledging the vital role our employees play in creating shareholder value, we consistently leverage best-in-class training and development programmes for upskilling and reskilling members of staff to enhance professional competence, drive innovation and boost overall corporate agility.

“Our people, across the cadres, have stayed true to our Core Values – Entrepreneurial, Professionalism, Innovative and Customer-Centricity (EPIC) – and have shown commitment to the Group’s strategic aspirations,” Abdullahi said.

The group highlighted its strong financial performance despite the challenges experienced in the global business climate; sustained improvement on key indicators as its gross earnings and net interest income recorded growth, with the non-performing loan, NPL, reducing from 6.1 percent to 4.3 percent, demonstrating its prudent risk management.

it said technology adoption, digital transformation, and the use of cutting-edge technology remains at the heart of its approaches.

Meanwhile, the group has resolved to boost shareholders’ value and positively impact businesses and the lives of its host communities.

About FBNHoldings

FBN Holdings Plc is a leading African banking and financial services group serving individuals, businesses, organisations and governments in leading markets across the continent and globally.  FBNHoldings’ principal subsidiary is First Bank of Nigeria Limited (FirstBank), Nigeria’s foremost financial institution and leading banking services provider. FirstBank has forged an incredible partnership with its people and built an enduring heritage through a vast array of seasons and societies, to remain an icon delivering to the Gold Standard in today’s financial services industry in Africa and beyond.

OPINION: Elrufai, Other Tinubu’s Useful Northern Idiots

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By Nasir Aminu

To be clear, the term useful idiot is not an insult. It is the term used to describe political puppets. It is regarded as a Machiavellian technique, a calculated move to use others as tools for personal or political advantage without regard for their autonomy or awareness.

The notion that Tinubu is a master political strategist can be confirmed by how he chose el-Rufai as his useful idiot.

Tinubu saw it necessary to recruit el-Rufai for his campaign even though he was pained for not being considered the Vice Presidential candidate and dared to leave the country immediately after his tenure. Thus, el-Rufai’s lukewarm attitude during the campaign made them choose him as the perfect prey to play script for a useful idiot.

So, during the campaign, Tinubu courted el-Rufai the way he would court the attention of the most beautiful lady town. He lined up like a suitor to dance and catch his attention at all costs. Tinubu’s attention to el-Rufai, like the suitor’s attention to the lady, might be seen as deliberate and strategic, as he perhaps sees something unique or valuable in el-Rufai that aligns with his political or personal interests. The way Tinubu courts el-Rufai, standing out from the crowd, mirrors the special treatment a gentleman might give to the most admired lady in the room, ensuring she feels distinguished and treasured.

Tinubu showed el-Rufai the respect he craved throughout their courtship. He even brought him into the spotlight at Chatham House when no one expected. He visited Kaduna and begged him to change his mind and work with him. The adoring public was mesmerised by this newfound love between the most coveted lady in town and prince charming. Many saw it as love made in paradise.

For el-Rufai, he felt empowered to go after anyone that worked against his newfound love. He was so confident to the point of assuring people that he would be Tinubu’s goalkeeper—Chief of Staff—once they won the presidency. At some point, he overcompensated his confidence by quickly turning it into arrogance. He denigrated the northern elders, and when the campaign got tougher, he even took Buhari to court at the expense of his newfound love—Tinubu.

Who would have known this love would end like this? Well, many knew exactly how it would end. APC knew he was dispensable because there were so many petitions against him. One standing order was the one from the committee of Senator Sodangi from Nasarawa State that indicted him for misappropriation of public funds in 2008 and recommended that he be banned from holding any public office in the future. The designed strategy also served as a sweet revenge due to his unguarded utterances. In his book The Accidental Civil Servant, El-Rufai wrote a 4-page story about how Atiku prevented Tinubu from scamming the federal government. In May 2019, during his war of words with Tinubu, there were newspaper reports and videos of him saying he would never agree to be a Vice President to a drug baron or corrupt politician.

In the same month, he suggested that Lagos godfatherism could be ended as he did in Kaduna and said he was unapologetic to those who felt offended. Some would say his behaviour is just politics, and I hope they will agree what Tinubu did to el-Rufai is politics too.

The argument about competence is a non-issue because the president cannot be compelled to work with those he does not want to. And by listening to his senate presentation objectively, it was clear he was not the right fit to be the Minister of Energy.

He clearly failed to demonstrate a track record of education or experience in the energy sector. He said he had degrees in quantity survey and law, a diploma in computing, and master’s degrees in business and public administration. His experience was in construction consultancy before joining the public service as the DG BPE, Minister and Governor. If this was a job interview, he did not articulate his competence. Some say he has the political will, but should that be a prerequisite for being a Minister of energy? With el-Rufai’s antecedents in Kaduna, for making public services unaffordable for the common person, providing cheap energy is not one of his skills.

The well-orchestrated plan included another useful idiot, Senator Khalid Ibrahim, from the PDP. He was played like el-Rufai too. He was the one that stood up to commend el-Rufai for his good work in Kaduna and even asked the senate members for him to bow and go. The story behind Khalid’s emergence as a senator is an emotional one. His constituents voted for him in protest against el-Rufai’s government.

His local government, Soba, is one of the most bandit-ravaged areas in Kaduna. Of course, the non-confirmation has debunked his false praises about el-Rufai. If he were wiser, he would have kept quiet instead of saying what is untrue, but this is how they select them—useful idiots.

Following el-Rufai’s non-confirmation, he went on the radio to say no one could ever mentor him before leaving the country. Obviously, everyone knows it is just another gimmick. He will come running whenever Tinubu decides to be benevolent. If that time comes, I recommend he works under the tutelage of Vice-President Shettima because he has a track record of taming people like el-Rufai, including some past Governors.

Alvan Ikoku Land: Panel Indicts Okorocha For Forceful Acquisition Of Land; Orders Recovery Within Six Months Anwuka, Araraume, Uche Nwosu, To Lose Houses

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The Committee set up by Imo State Government for the recovery of land belonging to Alvan Ikoku Federal College of Education (AIFCE), Tuesday indicted former governor Rochas Okorocha for using brute force to disposes the College of its land.

Submitting its report to Governor Hope Uzodimma, the Committee recommended the recovery of the Shell Camp land from Okorocha and his associates within six months and hand the same over to AIFCE.

The report which was signed by the Chairman, Prof  Vitalis Orikeze Ajumbe and the Secretary, Barr B. F. Anyanwu,  regretted that Okorocha, as Governor, used brute force including the military and hoodlums to snatch the land from the College after which he allocated or sold same to his top associates.

Those who benefited from the bazaar and have been similarly asked to vacate the land include two of Okorocha’s in laws, Dr  Uzoma Anwuka and Hon Kingsley Uju.

Apart from Okorocha’s, inlaws, a former Speaker, Chief Acho Ihim, Chief Charles Orie, Prince Charles Amadi and Chief Ugochukwu Hillary also benefited from the illegal acquisition.

The Committee regretted that Okorocha ordered the demolition of 101 buildings belonging to staff of the College and, thereafter, confiscated their property.

It, therefore, urged the Imo State Executive Council “to direct the recovery of all the lands belonging to AIFCE, which are now illegally in the hands of individuals and institutions.”

It further asked the State Government to ensure the recovery of the land within six months and thereafter issue a certificate of occupancy to the college.

“AIFCE should take full possession of the vacated land and property immediately upon recovery while the Commissioner for Lands and OCDA should recover the land within six months,” the committee recommended.

It further recommended that AIFCE should pay the agreed compensation to Orji indigenes who are the original owners of the land while the Army should vacate the shanties they erected in the land and finally move to Obinze.

Responding, Governor Uzodimma thanked the committee for doing a thorough job and promised that the State Government would take all necessary steps in accord with due process to implement the committee’s recommendations.

False! Ashimolowo Has Not Abandoned God

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Pastor Mattew Ashimolowo has not retired from his service as a priest, his church has said.

Ashimolowo, the President of Kingsway International Christian Centre, KICC, was rumoured to have veered from the work of the kingdom to face his business as a full-time real estate entrepreneur.

The report claimed that the man of God, who owns many acres of land in Ogun and Lagos states has decided to take his real estate business higher by concentrating on building commercial homes for the high and mighty.

Recall that Ashimolowo had once boasted that he owned a large expanse of land in Mowe, Ogun state which he purchased cheaply many years ago.

But in a statement released on Tuesday by the National Superintendent and the Resident Pastor, KICC Maryland, Lagos, Pastor Femi Faseru, the president of the church has not abandoned his duty in God’s vineyard.

Faseru described the report as false, saying Ashimolowo has even embarked on a project that will expand God’s ministry in the country.

According to him, the 71-year-old Ashimolowo is not yet tired and will continue to preach in God’s vineyard, adding that he still preaches, between three and four times in different parts of the world.

The statement said, “Pastor Ashimolowo has not backed down on his busy schedule which requires him to Minister daily on ‘Morning Glow’ to people in over 50 nations.

“Rather than backpedal, the Senior Pastor of KICC is taking on fresh challenges. He has just established another independent ministry-Christ Compassion to the Rural World, which is planning a crusade for Ikorodu in Lagos State, next November.

“Ashimolowo gets better each passing year, as he has been preaching more than when he was younger, easily accomplishing nine services every week. These include five Morning Glows, three Sunday Services and Bible Study.

“There is no iota of truth in the insinuation that Ashimolowo may have quit preaching the gospel to concentrate on real estate business. The report as absolutely baseless.”

Tinubu Stops Further Petrol Price Hike

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President Bola Tinubu has taken a major step to curtail a further rise in the pump price of petrol, according to Ajuri Ngelale, the Special Adviser to the president on Media and Publicity.

Any further increase would have led to a major labour crisis in the country, apart from worsening the untold hardship being experienced by many Nigerians, analysts said.

The president’s spokesman spoke on Tuesday to journalists in Abuja, saying President Tinubu has ordered that no further increase in the price of petrol.

The president’s intervention comes barely hours after speculations that petroleum marketers were planning to increase the price of the commodity to N720 per litre.

The marketers have blamed the fluctuation of the naira exchange to the dollar for their decision which could have increased the price of petrol for the third time since President Tinubu came to power on May 29, and announced an end to the multi-billion naira fuel subsidy regime in the country.

Speaking today at the presidential villa, Abuja, Ngelale assured Nigerians that the current price of petrol will not change, adding that the administration will fulfil its promise to remain transparent on the deregulation of the petroleum sector.

He said efforts are also being made to ensure that petrol is readily available across the country, saying however that Nigeria has the lowest price for the product across West Africa.

According to him,“The president wishes to assure Nigerians, following the announcements by the Nigerian National Petroleum Company Limited (NNPC), just yesterday that there will be no increase in the pump price of petroleum motor spirit anywhere in the country.

“We repeat, the president affirms that there will be no increase in the pump price of petroleum motor spirit.

“The president also wishes to affirm that there are presently inefficiencies within the midstream and downstream petroleum sub-sectors that once very swiftly addressed and cleaned up will ensure that we can maintain prices where they are without having to resort to a reversal of this administration’s deregulation policy in the petroleum industry”.

The NNPCL had earlier assured Nigerians that petrol prices will not be increased across all its sales outlets in the country.

Meanwhile, those watching what’s going on said the timely intervention of President Tinubu will prevent organized labour from making good its threat to embark on strike should the price be increased.

Thus following the speculation of an impending increase by marketers, the Nigerian Labour Congress,  NLC and Trade Union Congress, TUC, threatened to go on strike as soon as the price is hiked without notice to the government.

No Respite As Cost Of Food Drives Inflation To 10-year High

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NBS Logo

The National Bureau of Statistics, NBS, has announced that Nigeria’s headline inflation rose to a 10-year high in July to over 24 percent.

According to the agency, the spike is more than five percent compared with the same period in 2022 when the rate stood at 19 percent.

Analysts insist that the high inflation rate is majorly caused by the rising cost of essential and household commodities such as food and fuel.

The figures released on Tuesday by the NBS indicate that headline inflation jumped to 24.08 per cent last month, the highest so far this year.

This is more than 1.21 percent when compared to the June figure, the agency said.

The NBS said, “In July 2023, the headline inflation rate rose to 24.08 per cent relative to June 2023 headline inflation rate which was 22.79 per cent.

“Looking at the movement, the July 2023 headline inflation rate showed an increase of 1.29 per cent points when compared to June 2023 headline inflation rate.

“On a year-on-year basis, the headline inflation rate was 4.44 per cent points higher compared to the rate recorded in July 2022, which was 19.64 per cent.

“This shows that the headline inflation rate (year-on-year basis) increased in July 2023 when compared to the same month in the preceding year (i.e., July 2022).”

Meanwhile, experts insist that the poor in the country will continue to suffer if the figure continues to rise, while the middle class will not be spared.

The rich, according to them will be able to survive in the short term by relying on their savings.

What should the government do? More subsidies should be extended to sectors such as education, health, and transportation to bring relief to the most vulnerable.