 Nigerians face tough times as inflation soars to seven-year high today on the program we'll be looking at the implications also Nigeria spends over 99% revenue to service deaths as inflation bites even harder we also will be looking at what the headlines on some of our national dailies are this morning on of the press very good morning to you and thanks for joining us on the program my name is Nyamhul Aghaji it's a midweek and so we call it a midweek frenzy we do hope that since you have survived from Monday till this moment you are going to have a very very terrific rest of the week that means Thursday Friday will also be good this is a big week and we're hoping that is going to be a wonderful day for you thanks for joining us on the program we do hope that what we're going to discuss will impact on your life and those people that really matter will get to listen to us and do the needful because Nigerians are really really really crying today we're focusing on inflation what the implications of this inflation is to our economy and to family life and to every aspect of our life lives in Nigeria here today so we'll have those two segments where we will be discussing inflation from two different angles well we move on to top trending issues for today and on the top trending matters today we're looking first of all at a fuel price that has climbed to 617 naira per litre that's in Abuja and some other states but in crossover state I said yesterday some filling stations were selling for 700 naira and I'm sure that some other places in Nigeria are also doing that the price of petrol has increased to about 617 per litre that is almost like official price at this moment and reports show that the fuel price had been adjusted from 539 naira to 617 per litre the increase could be connected to the recent projections by all marketers that fuel the price of fuel will heat 700 naira per litre soon okay so everybody has been saying that this is maybe likely going to be what it's going to be around 600 naira it was bought around 600 naira in Lagos and once independent marketers start importing the products from July a lot of people are hoping that it's going to come down but their predictions or that's about the independent marketers their predictions were based on the current high exchange rate crude price and landing cost so now it's 617 and the boss of the NNPCL said that it is not the fault of NNPC at all that it is the market forces that are doing this independent petroleum market as a solution of Nigeria that is Ipman Association of Distributors and Transporters of Petroleum Products at Detop have denied plans to increase petrol price to 700 naira per litre but what is happening right now they're the ones increasing it they are now blaming it on the market forces the associations in an interview with the news agency of Nigeria dismiss reports of their late increase of pump price as speculations are speculated by the public they said fuel price was being driven by market forces and given the current high exchange rate the pump price of premium motor spirit PMS that we call petrol could increase hence the prediction so it is not their fault whatever happens if we buy fuel for 1500 naira it is market forces doing it during his inaugural speech if you remember on May 29 president Bola Ahmed Tinnabu announced the removal of fuel subsidy leading to the increased price of petrol from 195 to 514 naira per litre overnight Nigerians have been lamenting the effect of subsidy removal on their lives but the Tinnabu administration has promised relief last week when he hosted the class of 1999 governors Tinnabu appealed for more patients from Nigerians they assured Nigerians that a framework for palliatives to remedy the effects of fuel subsidy removal was being walked out now we have had his man on communication and strategy telling us that is Delia lucky telling us that these plans are going to be unveiled very very soon and it's not only the 8,000 naira that is promised vulnerable Nigerians that is the palliative the palliative includes a lot of things that will be done for Nigerians and we keep asking was it really of benefit to Nigerians that this fuel subsidy was totally removed who is really benefiting now that the fuel subsidy that we were told over the years that it was a scam has been removed so who is benefiting now is it the people or the government and if the government is benefiting which should have meant that there was more money to be spent on the people is that money reaching us it is 8,000 enough and if it is enough how long will it take six months is six months enough they're saying that when you have this 48,000 or so that will be paid to you in six months your life would be so much better that you have no reason to complain about the fact that transportation has increased food items have increased everything else has increased is it the 8,000 that is going to take care of Nigerians and actually does Nigeria not have money at all like we are complaining when the members of the National Assembly are buying bulletproof cars or are trying to buy bulletproof cars for more than 200 million naira each when they are going to have palliatives the money for the palliative five on out of 500,000 or 500 million they're going to have about 70 500 billion rather they are going to have about 70 billion shared among themselves where every senator or house of reps member is going to be getting maybe like 10 million per month for palliatives in the country where everybody is asked to tighten their bells well that's left for the Nigerians to to think about maybe we have to have a rethink about this fuel subsidy removal especially now that we know that the figures have come really really drastically down so if we were spending 100 billion every month and now we know that we can spend only 30 billion and we'll still have enough fuel for Nigeria and Nigerians why don't we rethink it everybody was clapping that fuel subsidy was removed but now that we're seeing the impact of the removal of fuel subsidy was it really a wise decision well people who make the decisions are going to tell us more and we do hope that everything should be because of Nigerians and for the welfare of Nigerians for now we have not seen that then the second top trending is the fact that in the prisons in the correctional center in the custodial center five inmates of the Kuyae custodial center have earned university degrees in various disciplines at the National Open University of Nigeria I feel like clapping for that that is the Kuyae that some others were breaking out of and some of them went straight back into crime now during the presentation of certificates to the graduations in a grad graduands rather in Abuja there was on Monday July 17th the controller general Nigerian correctional service Haliru Nababa said education was a potent means of rehabilitation he was represented by the controller of corrections FCT command Ibrahim Idris Nababa expressed confidence that the inmates could compete favorably with their counterparts without stigmatization he said education is transformative and a powerful rehabilitative tool for development in every society therefore with these certificates they are fit to compete anywhere without being stigmatized and like I said it's it's a very laudable thing it's very very commendable that the correctional center gave the opportunity to these people and I thank the former president Alushegama Basin who brought the Open University of Nigeria so that people like these could also take advantage and be educated but I must also ask I'm sorry that not everybody can be in prison and get a certificate some people didn't even go to school while they were out let alone being able to read while they are in the university to get degrees some people can do that but not everybody can do that and that's why the government provided facilities to train these people some of them to become cap interest some of them to become tailors some of them to become hairdressers as the case may be but if you go into the prisons I do not know whether there are some prisons that still have these facilities but I do know that the government provided these facilities at some point to very many prison centers or correctional centers as the case may be but these things are not available anymore you go to the prisons you don't find toothpaste for the inmates you don't find even a hammer for someone to learn how to become a carpenter or a clipper for someone to learn how to be hair a barber or a or a dryer for someone to learn how to be a hairdresser or something like that all those things are missing who has been taking them is it the inmates themselves that now take those things away or the waters or the people that should ship those things to the prisons do not bring them and they sell them off we do not know what happens but in Nigeria some of the things that happen negatively I think it's just a matter of a matter of of monitoring we do hope that so many things will be done by this person administration and make sure so well so we do hope that everything will be monitored so well that nobody gets to get away with any kind of crime you're taking care of people that you want to remove from society so that crime will not be committed and then you are committed committing crimes against them some people are there only a waiting trial I know somebody who stayed for seven years in prison a waiting trial and if that person comes out you know that first thing he will think about is that the the state has failed him the institution has failed him the government has failed him the country has failed him and if he goes into crime yes you will blame him that he should have known better but you will also blame the people that made him become a criminal when he was not supposed to and this person I'm talking about the state seven years a waiting trial in a prison was coming back from work and maybe somehow people committed a crime somewhere and ran away and they just bundled him into prison he stayed seven years what do you think that kind of a person will come out to be but I'm very glad that these people have made it they have had certificates and it is difficult for someone who is so educated and has had a degree even when in the Correctional Center to come out and become a criminal again he's already empowered enough to be self-reliant enough not to go back into crime so we should encourage this a lot so maybe even the people who didn't have the opportunity to go to primary secondary school and they are now in prison in prison it's a it's a level playing grounds as it were so we should encourage more people to get educated while even while in prison so that when they come out they'll be more confident in themselves there'll be more bold to do a lot of things that they need to do and they will think better when it comes to the fact that they're tempted to do something someone said some somewhere that an educated ma person is is not fit to be a slave something like that is a paraphrase that's not the exact word but he said if you're educated it's difficult for someone to enslave you and it's difficult for yourself to even enslave yourself by thinking that you're a no good person you cannot be anything more than just a criminal but these people have put in their effort they now have a certificate so congratulations to them congratulations to the people who made it possible for them to do this congratulations to the Correctional Center Kujie Correctional Center even though we were very angry that when the people broke out at the time they broke out in some sections of the prison there were no CCTV cameras there were no things that could have helped us identify these people or make sure that we know that something is being a crime is being committed people are trying to break out the security was sort of porous but now we still say thank you to them so education should be encouraged if that is the only thing that people can go into the prisons and get it should be encouraged but we shouldn't wait for the time where people go into a prison or Correctional Center before they will have the time they will have the the opportunity to go to school I'm saying this because when for instance some people were abducted by Boko Haram the Chibok girls they and other people that were abducted the people that were now rescued some of them were sent abroad do we always need to have a disaster before we do what we need to do can't Nigerian government give scholarships to a lot of people more people than they are giving now because I'm sure that they're giving to a few people more people than they're giving now why not why wait until someone is abducted when you rescue the person because you want to rehabilitate the person and you want to show that the government has a human phase you send that person abroad to go and study and all that the colleagues of these people who stayed back who were not abducted who were still in school do not even have the opportunity some of them may have dropped out because of maybe a few nires here and there and then you're waiting for disaster for you to be able to help somebody I don't think that is a very good thing but you know that's my opinion don't wait for disaster before a Nigerian can be helped now subsidy is going off from everything including a few including education including health including almost like everything but we are not the only country subsidizing things so if one way of success subsidizing doesn't work why not we look inward and see how we can make it better and monitor it better but that's just my opinion we'll take a short break and when we return we'll be looking at the headlines on off the price stay with us