Analysts Urge FG to Subdue Rising Energy Prices, Boost FX Liquidity, Others as Inflation Peaks at 33.95% Food index hits 40%, severe in Bauchi, Kogi, Oyo, others
James Emejo in Abuja and Dike Onwuamaeze in Lagos
As the Consumer Price Index (CPI),
which measures the rate of change in prices of goods and commodities further increased to 33.95 per cent in May, analysts yesterday urged the
federal government to boost Foreign Exchange (FX) supply and address the rising cost of petroleum products as well as improve fiscal discipline.
They argued that with the current lending rate by banks at 35 per cent due to the high Monetary Policy Rate (MPR), consumers are at the receiving
end given the high prices of goods and services. The analysts were reacting to a report by the National Bureau of Statistics
(NBS), which indicated that inflation increased further to 33.95 per cent in Continued on page 6
F i n i d i S t e p s D ow n a s S u p e r E a g l e s C h i e f C o a c h … Pa g e 6 3 Sunday, June 16, 2024 Vol 29. No 10658
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Tinubu Rejoices with Cyril Ramaphosa on Re-election as South African President… Page 10
Despite Supreme Court Judgment, PSC, Police on Fresh Collision Course over Recruitment of Personnel IG rejects commission’s list of police recruits, alleges fraud, irregularities Allegation of corruption in recruitment process diversionary, PSC workers fire back
Chuks Okocha and Ikechukwu Aleke in Abuja
Despite the Supreme Court judgment,
which affirmed the power of the Police Service Commission (PSC) to recruit constables into the Nigeria Police Force, the commission and the
police authorities may be heading for a fresh collision over the matter. This followed the rejection of the list of successful candidates in the
ongoing police constables’ recruitment by the police high command. After four years of a fierce legal battle between the PSC and the
Nigeria Police Force on who should be responsible for the recruitment of police constables, following the approval for the recruitment of 10,000
constables each year for six years by former President Muhammadu Buhari, Continued on page 6
In Sallah Message, Tinubu Says Nigerians’ Sacrifices, Expectations will Not Come to Naught See story on page 6
Atiku, Abbas, Obi, govs, APC, PDP celebrate with Nigerian Muslims, preach peace, love, sacrifice DSS urges vigilance, IG orders AIGs, CPs to beef up security
IT'S NICE TO MEET YOU…
President, African Development Bank Group, Dr. Akinwumi Adesina (left), and United States President, Mr. Joe Biden, at the G7 Leaders’ Summit, in Apulia, Italy…yesterday
SEEKING COLLABORATION…
Director, Federal Bureau of Investigation, Mr. Christopher Wray (left), and Executive Chairman, Economic and Financial Crimes Commission, Mr. Ola Olukoyede, when the FBI boss paid a visit to the EFCC's Corporate Headquarters in Abuja…weekend