Here is a roundup of some Nigerian newspaper headlines, accompanied by our advocacy-driven demands for government action in addressing citizens’ concerns, for Wednesday, 16 April, 2025.
1. The Guardian: Desperate Nigerians Lose over N1.7 trillion to Ponzi Schemes in Nine Years
Grief, shock and regret have overwhelmed thousands of Nigerians after CBEX, a once-celebrated digital asset platform, vanished into thin air, taking with it an estimated N1.4 trillion in life savings, pensions and borrowed ‘hope’.
Our Take: It is time for the Nigerian government, financial regulators like the Securities and Exchange Commission (SEC), the Nigerian Investment Promotion Commission (NIPC), the Economic and Financial Crimes Commission (EFCC), and law enforcement agencies to urgently strengthen oversight of digital investment platforms, enforce stricter penalties for financial fraud, and launch nationwide financial literacy campaigns to protect citizens from falling prey to Ponzi schemes and other fraudulent ventures.
2. Daily Trust: Prices of Ginger, Garri, others Push Inflation to 24.23 Percent
The National Bureau of Statistics (NBS) has announced that Nigeria’s headline inflation rate rose to 24.23 percent in March, and the figure was a 1.05 percent increase from the 23.18 percent recorded in February.
Our Take: In light of the rising inflation rate, President Bola Tinubu and his ministers must act swiftly to stabilise the economy by addressing the root causes of food price hikes, investing in local agricultural production, improving supply chains, and implementing targeted support for vulnerable households already grappling with the high cost of living.
3. Vanguard: Governor Mutfwang Apologises over Plateau Killings
Governor Caleb Mutfwang of Plateau State yesterday apologised to the people of Bassa local government area for the failure of government and security agencies to protect lives and properties, as condemnations trailed the killings.
Our Take: The federal and state governments and security agencies must move beyond apologies to take decisive and sustained action in securing lives and property across Plateau State by strengthening intelligence gathering, holding perpetrators accountable, and ensuring justice for victims.
