Thursday, August 21, 2025
23.1 C
Lagos

Editors Decry Recurrent Expenditure in 2018 Budget

The Nigerian Guild of Editors has expressed concern over the 2018 budget proposal currently before the National Assembly in terms of the size of the recurrent as against the capital expenditure. This trend,   which is inimical to any country’s development, has continued for so long.  We urge prudence and innovative budgeting in order to achieve a reversal in the nearest future.

On the state of the media, the Guild is worried that inspite of the country exiting economic recession, the media industry is mired in distress. We recommend that stakeholders should come together to seek the way forward.

In a communiqué issued after its Standing Committee Meeting in Katsina, the editors also worry over the threat by the Niger Delta Avengers to resume attacks on oil facilities in the oil-rich Niger Delta region.

The Guild calls on the Avengers to drop the threat and embrace dialogue in resolving their grievances.

The Guild also urges the Federal Government not to resort to the use of force in resolving the matter, stressing that the use of force has never solved any problem. As stakeholders in the task of nation-building, the Guild is worried by the recent show of military force in the quest to neutralise the threat of the militants. This move has done little to calm the tension, instead it has aggravated it. We urge caution and restraint.

The Guild urges the government to dialogue with all stakeholders, including the aggrieved militants to resolve the problems in the region, insisting that the only path to peace is dialogue. The Guild notes that renewed hostilities in the Niger Delta will reduce Nigeria’s daily oil output, which will in turn deny the country the benefits of the current marginal increase in the price of crude. Anything that’s capable of returning Nigeria to economic recession should be avoided.

We seize this opportunity to appeal to traditional rulers in the region to use their offices and goodwill to call the Avengers and any other militant group in the region to order. As royal fathers and leaders of thought, we urge them to play a leading role in the resolution of any breakdown in communication between the Federal Government, oil majors and the militants. We cannot afford another bout of force majeure by oil majors on account of insecurity in the region.

The Guild also notes the increasing crime rate in the country, especially kidnappings and communal clashes and calls on security agencies to rise to the occasion. The Guild urges the Federal Government to deploy the relevant security agencies to check the pervasiveness of these crimes.

The widening spread and growing frequency of kidnappings and allied criminal acts do not only threaten the nation’s socio-political stability, they also rob Nigeria of income as potential investors are scared of coming into the country while in some instances, existing investors are being forced to leave the country. Either way, the nation loses.

spot_img
spot_img

Hot this week

Stanbic IBTC Insurance Hosts 2nd Annuitant Forum on Life in Retirement

Retirement is often viewed as a new beginning, an...

NAICOM, Police Begin Crackdown Against Sale of Fake Insurance Policies

The National Insurance Commission (NAICOM) has launched a crackdown...

T2 Unveils Nigeria’s First Electronic KYC SIM Registration Web App

 T2 proudly announces the launch of its revolutionary electronic...

NAICOM, SEC Initiates Partnership to Drive Insurance Sector Reforms

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin paid...

How Power Outages Threaten Nigeria’s Digital Economy Dream

By Elvis Eromosele Recently, I found myself inside a multi-storied...

Topics

Digital Banking: ‘eNaira Will Succeed, Cash is No Longer King’

As smartphone ownership continues to grow across the entire...

 ‘We Are Promoting Adire to Support SMEs to Play in AfCFTA, Boost Tourism, Culture in Africa’ – Ecobank

  L-R: Former Managing Director, Ecobank Nigeria, Patrick Akinwuntan; Former...

FOR THE RECORD

The Speech of the President of the Association of...

Universal Insurance:  Using Innovative Products to Drive Market Share

Universal Insurance Plc has unveiled an array of innovative...

May 29: Unpromising Start, Promising Future                        

  Tim Akano Click-click-click-click-click-click-click-click-click-click-click is the loud, weird, grinding vroom reviving...

Chinese Firm Flags-Off Production of Meters in Nigeria

A Chinese firm, Golden Horse Company Limited, has commenced the manufacture of electric meters in Nigeria following the approval of its application by the National Electricity Regulatory Commission (NERC). This was stated in Abuja by Mr. Mathew Uwaekwe, the National Co-ordinator, Nigeria-China Business Council. He said the company has since commenced production of the meters, and expressed the confidence that jobs will not only be created but that it would save the country millions in foreign exchange that could have been used for the importation of meters.

Cornerstone Insurance Wins African Innovation Award

Cornerstone Insurance Plc has won the 2O16 Innovation of...

KBL Insurance at the 2025 CIIN Insurance Week

A group photograph of KBL Insurance Limited staff and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img