With Inflationary Pressures Easing, CBN Says Monetary Policy Tightening Achieving Desired Results Price hike making food unaffordable, Abuja Chamber of Commerce laments James Emejo in Abuja The Central Bank of Nigeria (CBN) yesterday said with the moderation
in the month-on-month headline inflation, which slowed for a third time in a row in May 2024, its monetary policy tightening measures enacted
this year amid mounting inflationary pressures are yielding the desired impact on the economy. This is as the Abuja Chamber of
Commerce and Industry (ACCI) declared that persistent hikes in food prices were worsening poverty levels across the country.
The apex bank noted the moderation in the month-on-month headline inflation, remaining the "clearest indicator" that the contractual
monetary regime it introduced was working. Continued on page 6
Three Days after Meeting Abdulsalami, Babangida, Atiku Visits Buhari in Daura… Page 5 Sunday, June 23, 2024 Vol 29. No 10665
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Cholera: Death Toll Rises to 35 in Lagos, Suspected Cases Hit 417… Page 6
Weary of Protracted Leadership Tussle, Apapa’s Faction Makes U-turn, Backs Abure as LP National Chairman We reconciled to fight Obi, NLC, says Apapa’s camp Chuks Okocha in Abuja Apparently weary of the leadership struggle between the Julius Abure-led
Labour Party (LP) and his camp, the Deputy National Chairman, South, of the LP, Lamidi Apapa has collapsed his faction and accepted Abure as
the national chairman of the party. With this development, the leadership tussle between the two camps may have also been
laid to rest. However, the Apapa’s faction has stated that both factions reconciled to fight the presidential candidate
of the party in the 2023 general election, Mr. Peter Obi and the Nigeria Labour Congress (NLC). The crisis between Abure and
Apapa almost polarised the party to the extent that both filed separate Continued on page 5
Military Strategising to Protect Farmers, Says DHQ, Onanuga Urges Nigerians to Embrace Farming Says masses will see results of Tinubu’s efforts in next 12 months Ikechukwu Aleke in Abuja As part of the efforts to address the security challenges that prevented farmers from going to the farms and resulted in high cost of foods in the country, the Defence Headquarters (DHQ) has said operational adjustments were being made by the military to prioritise protection of farmers to ensure a successful rainy season farming across the country. This is coming as the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, has called on Nigerians to embrace subsistence farming to address the challenge of the rising cost of foods. While acknowledging that things were not working in the country as President Bola Tinubu had wanted, Onanuga disclosed that Nigerians would begin to see the results of the government's efforts in the next
12 months. However, the Nigerian Army yesterday said that its troops deployed in the North-east, in collaboration with Vigilante and Hybrid Forces, killed three terrorists, rescued kidnapped hostages, as well as recovered arms and ammunition, in a series of coordinated counterterrorism operations. Also, the Chief of Defence Staff (CDS), General Christopher Musa, has applauded the media for its support to military operations across the federation, adding the media was critical in military operations. Speaking on the efforts to ensure that farmers return to the farms, the Director of Defence Media Operations, Major General Edward Buba, while giving updates on the operations of the armed forces in Abuja, said the armed forces had intensified intelligence gathering Continu-ed on page 5
NiMet Predict Three-day I COME IN PEACE… President Muhammadu Buhari (left), and former vice president and presidential candidate of the Peoples Democratic Party in the 2023 Thunderstorms, Rain from Today... Page 9 Former election, Atiku Abubakar when the former vice president visited Buhari at his residence in Daura, Katsina State…yesterday