|
LISTEN TO THIS THE AFRICANA VOICE ARTICLE NOW
Getting your Trinity Audio player ready...
|
Nigerian Military Denies Coup Plot Rumors
Nigeria’s Defence Headquarters (DHQ) Monday, February 25 vehemently denied online rumors of a planned coup d’état, labeling them “categorically false” and urging the public to disregard them. This comes amidst a challenging economic climate for the West African nation, with some experts warning of potential instability.
The denials follow a report by Nigerian news outlet Sahara Reporters alleging unusual activity within the Presidential Guard, an elite unit responsible for protecting the president. The report further claimed emergency meetings had been held with President Bola Tinubu.
The DHQ, in a press release, refuted these claims, emphasizing the unwavering commitment of the Nigerian Armed Forces to safeguarding democracy. The statement highlighted that the Guards Brigade is statutorily mandated to protect the presidency and remains vigilant in carrying out its duties.
General Christopher Musa, Chief of Defence Staff, has previously reaffirmed the military’s dedication to democracy, the DHQ press release stated. The statement condemned the Sahara Reporters’ report as “unfounded” and “a figment of imagination,” urging the public to disregard it.
The DHQ further called on relevant security agencies to take action against Sahara Reporters for “unpatriotic behavior.” Legal action is also being pursued to address the report’s “ulterior motive of creating unnecessary tension,” the statement concluded.
Nigeria Restarts Cash Transfers
In a move to address a growing cost-of-living crisis, Nigeria’s government on Monday announced the immediate resumption of cash transfers to 12 million vulnerable households. This decision comes as the nation grapples with soaring inflation and public outcry over economic hardships.
The announcement, made by Finance Minister Wale Edun on Monday, follows months of rising prices fueled by the removal of fuel subsidies last May and a double currency devaluation. These reforms, while aimed at improving the economy, have disproportionately impacted low-income earners.
The cash transfer program, which aims to provide immediate relief to struggling families, will distribute 25,000 naira (approximately $56) per person for three months. Payments will be made directly into bank accounts or mobile money wallets linked to national identification numbers, ensuring transparency and addressing past concerns about irregularities.
“This program is crucial to tackling rising prices, especially for food,” Edun stated, emphasizing its potential to reach at least 60 million individuals. “It will be clear who receives the funds and when,” he added, highlighting the program’s efforts to combat potential misuse.
The government has also pledged additional support measures, including a social security program for unemployed youth and graduates, alongside a consumer credit scheme to boost affordability and stimulate economic recovery.
This announcement comes amidst rising tensions with labor unions who issued a two-week ultimatum to the government demanding wage hikes and improved access to public services. They accuse the government of failing to adequately address the hardships caused by recent reforms and plan a two-day protest starting Tuesday to voice their concerns.
Nigeria faces a delicate balancing act between implementing economic reforms and addressing the needs of its most vulnerable citizens. The success of this cash transfer program and other planned initiatives will be closely watched as the country navigates this complex economic landscape.
LEAVE A COMMENT
You must be logged in to post a comment.