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Former CBN Departmental Director Urges Regional Food Specialization In Nigeria
Former Director of the Budgetary Department, Central Bank of Nigeria, (CBN), Dr Titus Okunrounmu, advises the federal government to ensure the geopolitical zones specialise in a particular food item.
He gave this statement during an interview with NAN on Friday in Ota. He states that this approach will help the country manage inflation and reduce it.
“If the governments in the six geopolitical zones specialise in the production of one food item, automatically, inflation rate would be reduced to the minimised level.” In addition, Nigerians need to embark on farming to stem the prices of goods and services, which is reflected in the inflation figure.”
News
Federal Government Clarifies Position on Proposed Tax Recommendations
The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.
The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.
“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”
News
Peter Obi Raises Concerns Over Nigeria’s Hunger Index Ranking
Nigerian politician Peter Obi speaks on the increase in the cost of living in Nigeria and shared how more Nigerians are now hungry and the hunger crisis is increasing in the country.
He stated, “Despite three years of Tinubu’s food emergency, Nigeria’s hunger ranking index declined to among the worst nations globally.”
“Yet the outcome of this has been the opposite. Nigeria’s hunger index has worsened significantly. Nigeria’s hunger index ranking was 103rd out of 123 countries surveyed in 2022/2023, and this figure has since worsened to 115th out of 123 countries surveyed in 2025/2026.”
News
U.S. Government Warns Influencers Ahead of 2026 FIFA World Cup
The U.S. government has released a warning to social media influencers who will be coming to watch the 2026 FIFA World Cup.
The government placed a rule on creating content to make money while using a tourist visa and stated that it could lead to deportation back to their country.
It can be noted that the World Cup will be hosted in the United States, Canada, and Mexico.
“People who enter the United States under a visitor program and receive income from a U.S. source would be violating the conditions of their admission status.”
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