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Macron faces huge challenge as France’s public-sector debt surpasses €3trn

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France’s President, Emmanuel Macron is facing huge domestic leadership challenge as the country’s public-sector debt topped three trillion euros ($3.25 trillion) for the first time ever.

According to official statistics released Friday which presented data for the first three months of 2023.

Following a massive surge of borrowing to cushion the impact of the coronavirus and cost-of-living crises, the debt level reached 112.5 per cent of annual GDP at 3.01 trillion euros by the end of March, far above the European Union’s target of 60 per cent.

On Tuesday, March 28, the National Institute of Statistics and Economic Studies (INSEE), stated that government debt stood at €2,95 trillion at the end of last year, 111.6% of gross domestic product, only down slightly from the third quarter.

On the back of a continued upturn in tax revenue boosted by inflation, the 2022 deficit was slightly better than expected, at 4.7% of GDP, when the government was targeting 5%.

“INSEE’s figures for 2022 confirm that French growth is holding up well, so is our tax revenue, particularly corporate income tax,” said Bruno Le Maire, France’s economy minister. “Our strategy remains the same: Improve France’s growth to reduce debt and control spending.”

On the question of whether a public debt close to the €3 trillion mark could cause alarm in the context of generalized debt addiction, Frédéric Dabi, a director general with polling institute IFOP, said-“In our November 2022 barometer, reducing public debt came at the bottom priorities of those surveyed, only ahead of the fight against Covid and the European Union,”

The hundreds of billions of euros poured in the wake of the Covid-19 pandemic, and then inflation, have “shown that we can live with debt,” Dabi said, adding that “The macroeconomic argument did not work this time to justify the pension reform whereas it was very present when the [retirement] age was raised to 62 in 2010.”

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Air Peace tenders apologies over disruption of flights by unions

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The management of Nigeria’s largest airline, Air Peace, has apologised to passengers following disruptions to its flight operations in Lagos and Abuja airports as a result of an ongoing industrial action by organised labour unions.

The airline said members of the Nigeria Labour Congress, NLC, Air Transport Services Senior Staff Association of Nigeria, ATSSSAN, and Trade Union Congress, TUC, barricaded the entrances to its departure terminals at the Murtala Muhammed Airport Terminal 1, comprising the Alpha and Zulu Terminals and Terminal 2 in Lagos.

The blockade also affected access to the Nnamdi Azikiwe Airport terminal in Abuja, preventing scheduled flights from departing from both cities.

The statement by the airline’s management reads: “The ongoing industrial action has resulted in the barricading of the entrances to our departure terminals at Murtala Muhammed Airport Terminal 1 (Alpha and Zulu Terminals) and Terminal 2 in Lagos, as well as the Nnamdi Azikiwe International Airport Terminal in Abuja.

“The blockade has restricted access to these terminals, preventing the departure of scheduled flights from Lagos and Abuja. Consequently, passengers scheduled to travel across our network have been significantly affected by the disruption to flight operations.

“Air Peace sincerely apologises to all affected and stranded passengers for the disruption and inconvenience caused by circumstances beyond the airline’s control. Passengers scheduled to travel later today are being contacted and provided with relevant updates as the situation evolves.”

 

 

 

 

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NHRC demands Sheikh Yahya Jingir’s arrest over inciting remarks

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The The Executive Secretary of the National Human Rights Commission (NHRC) has urged the security agencies to arrest and Islamic cleric, Shiekh Yahya jingir over what the Commission described as inflammatory remarks capable of triggering crisis that could lead to abuse of rights of citizens.

The Executive Secretary of the Commission, Chief Tony Ojukwu, SAN, while condemning the remarks which is circulating on social media, said it was not only divisive and inviting but has potential to compromise peaceful life in communities across the country.

In a statement Tuesday signed by Hajoa Fatimah Mohammed Agwai, Director, Public Affairs and External Linkages,the NHRC boss described the statements as a direct attack on the principles of equality, non-discrimination, and peaceful coexistence guaranteed under the 1999 Constitution and Nigeria’s international human rights obligations.

“The Commission finds these remarks to be hate speech and incitement to religious hatred and potential violence. At a time when we are preparing for another general election, such utterances are reckless and dangerous. They serve no purpose other than to divide Nigerians along religious lines and set citizens against one another,” the Executive Secretary stated.

“We cannot afford to look away. If we fail to speak and act now, we embolden both Christian and Muslim clerics and other influential persons to make worse statements in the coming months. That path leads only to crisis,” he added.

In view of the foregoing, the Chief Human Rights Officer of Nigeria called on the Inspector General of Police, the Director General of the Department of State Services and other relevant authorities to immediately arrest and prosecute Sheikh Yahaya Jingir for hate speech and incitement.

Prosecution must proceed irrespective of status or political affiliation in order to serve as a deterrent to others who may seek to exploit religion for political gain during this election period.

The Learned Silk further called on all religious leaders, traditional rulers, and politicians to refrain from divisive rhetoric. He urged Nigerians to reject identity politics and to hold leaders accountable based on competence, service delivery, and respect for human rights.

“The Commission will continue to monitor compliance and will engage with security agencies, INEC, and civil society to ensure that the 2027 elections are free from hate and violence”, he concluded.

 

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Many abducted as bandits attack three commercial vehicles along Kogi highway

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Many passengers were abducted on Sunday when suspected bandits attacked three commercial buses along  Itobe-Achigili-Anyigba highway in Ofu Local Government Area of Kogi State.

The incidents, according to local sources, occurred in two separate attacks within a two-hour interval on Sunday at locations believed to be close to each other along the highway.

The first attack reportedly occurred at about 4 pm between Ojuwo-Ajengo and Mamerebo settlements, when a Hummer bus belonging to a popular mass transit company, said to be travelling to Abuja from the eastern part of the country, was intercepted by the gunmen.

The second incident took place around 6 pm between Ojodu and Ojuwo-Olijo village, where a Sharon bus and a Sienna commercial vehicle, both reportedly on inter-state journeys, were attacked.

Sources said the gunmen barricaded the highway, forcing the vehicles to stop before ordering the occupants into the surrounding bush.

A local source said two mobile phones were recovered from the grass around one of the vehicles and subsequently handed over to security operatives.

The source said the first bus, identified as a Hummer belonging to Peace Mass Transit with fleet number 2838, was intercepted around 4 pm.

The two other vehicles, identified as a Sharon and a Sienna with registration numbers Kogi ERE 138 AE and BB 362 MKA, respectively, were reportedly ambushed around 6 pm.

“The armed men left with all the occupants of the three buses. The exact number of people abducted from each vehicle is not yet known and may only be established through the passengers’ manifests,” another source said.

Following the attacks, a joint security operation involving personnel of the Nigerian Army, police, local vigilantes and hunters was reportedly deployed to the area to search for the victims and track down the perpetrators.

 

 

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