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The value of ₦40,000 in 2015 equivalent to over ₦500,000 today – Farah Dagogo

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photo: Nigeria currency

A former member of the National Assembly, Dr Farah Dagogo, has complained about the decrease of value in Nigeria, stating that ₦40,000 in 2015 is equivalent to over ₦500,000 in today’s economy.

The former lawmaker expressed grave concerns about worsening economic indicators, predicting increased hardship for citizens. He described the current living conditions in the country as bleak and questioned why the population continues to suffer despite Nigeria’s wealth of natural resources. He emphasized that purchasing power has drastically declined over recent times, noting that hyperinflation levels have reached unprecedented heights not seen even during the civil war.

The value of ₦40, 000 in 2015 is equivalent to over ₦500, 000 in today’s Nigeria in 2024. Criss-cross the costs of goods and services during this period and vis-a-vis the reality of today and we all will come to that sad realisation. That was why labour was justifiably demanding for a living wage.

“The inconsolable unavoidable truth is that the value of the money most people are getting or earning in 2024 is not too different from that of 2015, but the purchasing powers have practically gone out the window,” he said in a statement issued by his media aide, Ibrahim Lawal, on Saturday, June 15, 2024. “Anti-people and inhuman economic policies have helped put the people in a terrible state. Money that could comfortably procure over 10 50kg bags of rice in 2015 can only buy one now, yet no improvement in the real money in the hands of the people.

“Something has to give way, this cannot continue. These sufferings and hardships have to be remedied. Unfortunately, optics point to further pains for the citizenry,” he added.

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President Tinubu to Attend Pope Leo XIV’s Inauguration in Rome

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President Bola Ahmed Tinubu is set to travel to Rome this Saturday to attend the inauguration of Pope Leo XIV, the new leader of the Roman Catholic Church. The invitation came directly from Pope Leo XIV, who emphasized the importance of the president’s presence during this significant moment for the Church and a world facing many challenges.

Pope Leo XIV, formerly Cardinal Robert Francis Prevost, will be officially installed as the 267th Bishop of Rome on Sunday, May 18, at St. Peter’s Square in the Vatican.

President Tinubu will be accompanied by key Catholic figures, including the Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, Archbishop Lucius Ugorji of Owerri, Archbishop Ignatius Kaigama of Abuja, Archbishop Alfred Martins of Lagos, and Bishop Mathew Hassan Kukah of Sokoto.

Notably, Pope Leo XIV has a special connection to Nigeria, having worked at the Apostolic Nunciature in Lagos during the 1980s. After the ceremony, President Tinubu is expected to return to Abuja on Tuesday, May 20.


 

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Makinde Tells Nigerians to Protect Their Culture and Not Let It Disappear

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Oyo State Governor, Seyi Makinde, has urged Nigerians to preserve their culture and ensure it doesn’t fade away with time. Speaking through his deputy, Barrister Adebayo Lawal, at the 2025 World Egungun Festival grand finale held in Ibadan, Makinde emphasized the importance of keeping traditions alive.

The event took place at Obafemi Awolowo Stadium in the Oke Ado area and was graced by top dignitaries including Chief Lekan Alabi, who represented the Otun Olubadan of Ibadanland, Oba Rashidi Ladoja, Osun State’s Commissioner for Culture and Tourism, Hon. Ojo Abiodun, Prince Adeola Adelakun of Oje Parapo Worldwide, and Oyo State’s own Commissioner for Culture and Tourism, Dr. Wasiu Olatunbosun.

Makinde stressed that culture and tourism are key focus areas for his administration, and his government is committed to supporting efforts that will keep local traditions thriving. He added that by investing in cultural events and heritage, the state can boost its economy through tourism and increase revenue. He said, “We must not let our culture die. I’m glad to see young people taking part in this celebration, not just the elders.”


 

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Governor Adeleke Says Dancing Makes Him Happy and Doesn’t Stop His Good Work

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Osun State Governor Ademola Adeleke has called on critics to stop mocking him for dancing in public. He said it’s unfair to judge his leadership based on his love for dancing, adding that expressing himself through dance doesn’t take away from his achievements.

Speaking at a recent event, Adeleke pointed out that many public figures, including fellow governors and even the President, also dance but aren’t ridiculed for it. He made it clear that there’s no rule stopping a public official from dancing as long as it causes no harm.

In a now-viral clip, Adeleke said, “Sanwo-Olu dances, even Tinubu dances. So why should I be attacked for dancing? There’s no law against it.” He urged people to stop making his dance moves a reason to doubt his work.

According to him, “Dancing brings me joy. It’s how I express myself. It’s not hurting anyone, and it doesn’t stop me from doing my job.” Recently, his nephew, music star Davido, praised him as the best governor Osun State has ever had, noting that people doubted his ability because of his fun-loving nature. But over time, Adeleke has silenced the critics with his performance in office.


 

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