REPORT Archives - Page 5 of 7 - Voice of Liberty NG

‘?Nigerians squeezed tightest at the dinner table, as food prices remain high’ � SBM Report

May 3, 2024May 3, 2024 Aminu Imam

Nigerians are still in for a tougher time as major food items like bread, rice, and noodles near 100 per cent rise in one year, a report by SB Morgen (SBM) Intelligence has shown. The report, which was last updated on Friday, 26 April 2024, noted that beyond food prices surging, soap and fuel have risen over 150 per cent in one year. Of the 60 most consumed products surveyed by SBM, a market intelligence firm, within Nigeria from the first quarter of 2023 to the end of the first…

�Chinese loans plunge more African countries into financial crisis� – Report

December 13, 2023December 13, 2023 Aminu Imam

Massive loans from China, engineered to fast-track economic growth across countries like Ghana, Guinea, Ethiopia, and a cluster of 13 Heavily Indebted Poor Countries (HIPCs), have unfortunately plunged these nations into a deeper financial crisis. A recent report submitted to the US Congress by the US-China Economic and Security Review Commission unearthed the stark realities of these indebted nations. The report spotlights Ghana as the most indebted among these nations, with an eye-watering debt to China amounting to $31.1 billion. Guinea, another West African nation, trails closely, with a substantial…

‘Nigeria faces relentless Boko Haram, ISIS attacks’ � US report

December 5, 2023December 5, 2023 Aminu Imam

Nigeria faced persistent terrorism attacks in 2022, the U.S. Department of States has said in its latest 2022 Country Reports on Terrorism, (CRT). The report highlights the relentless attacks conducted by ISIS-West Africa (ISIS-WA), Boko Haram and Ansaru across the northern and central regions of Nigeria in 2022. The CRT report stated that, �ISIS-West Africa (ISIS-WA), Boko Haram and Ansaru continued attacks against Nigerian government and security forces and civilians across the northern and central regions of Nigeria, resulting in deaths, injuries, abductions, and the destruction of property. �As the…

Alarm, as�Nigeria�s refineries collapse by 92% – World Energy Report�

December 4, 2023December 4, 2023 Aminu Imam

The World Energy 2023 Report has unearthed a staggering decline of 92% in Nigeria�s crude oil refining output over the past ten years, raising concerns about the country�s energy sector. From a robust production level of 92,000 barrels per day (bpd) in 2012, the output plummeted drastically to a meagre 6,000 bpd in 2022, representing a significant drop in refining capacity. This data, detailed in the 72nd edition of the Energy Institute�s report, corroborates the findings in the Organisation of the Petroleum Exporting Countries� (OPEC) Annual Statistical Bulletin 2023. OPEC�s…

Insecurity: Over 10,000 killed, abducted in 10 months – Report

November 20, 2023November 20, 2023 Aminu Imam

No fewer than 7,472 were killed, while there were 3,161 abduction cases across the country between January and October this year. This is according to the 2023 Nigeria Security Report by Beacon Consulting, an Abuja-based security risk management and intelligence consulting company. According to the report issued on Friday, 749 Nigerians were killed in January; 624 in February; 961 in March; 707 in April; 679 in May; 854 in June; 552 in July; 638 in August; 581 in September and 1,127 were killed in October. It also revealed that 208…

FG�s 2022 Budget: �No-Show contractors� receive N8.6bn on unexecuted projects – Report

November 12, 2023November 12, 2023 Aminu Imam

A public expenditure tracking platform, Tracka, has uncovered how N8.6 billion was paid to �no-show contractors� in the 2022 Federal Government budget. A press statement issued by BudgIT, signed by the Head, Tracka, Ayomide Ladipo, revealed that the contractors were allegedly paid for projects that were either not executed or were poorly executed. �We uncovered N8.6bn payments to 26 �No-Show Contractors� for 19 projects across nine States in the FG 2022 Budget. Nothing has been done on the site to date,� Tracka said, on Wednesday. According to the report, in the…

Nigeria among countries to see worsening hunger – Report

October 21, 2023October 21, 2023 Aminu Imam

Nigeria is among the nine countries expected to see its hunger levels worsening throughout the year, according to the latest Global Hunger Index. The Index is a tool for comprehensively measuring and tracking hunger at global, regional, and national levels highlighted Afghanistan, Haiti, Somalia, South Sudan, Sudan, Yemen, Burkina Faso and Mali as the other countries. According to the index report, �Many countries are experiencing severe hunger in 2023, with the situation expected to worsen throughout the year. Though circumstances in 2023 are not yet captured by the data in…

�Highest Crime Rate Ranking:� Nigeria, 15th most violent country globally� – Report

September 20, 2023September 20, 2023 Aminu Imam

A US-based organisation that specialises in the delivery of up-to-date global population data and demographics, �The World Population Review�, has ranked Nigeria as the 15th on its list of countries with the highest crime rates in the world. The organisation, in its 2023 report, considered 133 countries while gathering its data. The report ranked Venezuela, with a crime index of 83.76, as the country with the highest crime rate in the world. The report also recognised Papua New Guinea and South Africa as the second and third on the list…

Emefiele resigned as CBN Governor, clearing way for Tinubu�s nominee, Cardoso – Report

September 18, 2023September 18, 2023 Aminu Imam

The embattled Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has purportedly resigned from his position in August 2023, following his suspension by President Bola Ahmed Tinubu. Recall that President Tinubu suspended the CBN boss on June 9, and instructed him to delegate his duties to the Deputy Governor of the Operations Directorate, Folashodun Adebisi Shonubi. According to a Reuters report, Emefiele, who was suspended in June, tendered his resignation letter to President Tinubu. This effectively cleared the way for Olayemi Cardoso, who was nominated on Friday by the President…

N5bn ransom demanded for 3,620 kidnapped persons in 12 months – Report

August 23, 2023August 23, 2023 Aminu Imam

Between the period of July 2022 and June 2023, at least 3,620 persons were abducted in 582 kidnap-related incidents across Nigeria, a new report has revealed. It shows that the number is more than the 3,420 people that were kidnapped between the periods of July 2021 � June 2022. According to the report by an Africa-focused geopolitical research and strategic communications consulting firm, SBM Intelligence, titled: �The Economics of Nigeria�s Kidnap Industry�, at least five billion naira ($6.4 million as of June 30) were reported as ransom demands, while verified…