That Nigeria’s economy is in bad shape, is no longer news. Food and other necessities are hard to come by.

However, no matter what turn the economy takes, Nigerians, by their unique nature, will always find survival alternatives.

That is why although it sounds unthinkable to see, anywhere in the world, where bamboos are used in place of irons to cast pillars and decking of building constructions, Nigeria has found in convenient.

The high cost of building materials is making many homeowners go for cheap alternatives for construction.

While many Nigerians whose buildings are under construction are abandoning them, waiting for when prices of materials will go down, most frustrated ones are selling off their uncompleted properties to interested buyers.
But others have decided to invent conventional means by replacing iron rods with bamboo.

Economy&Lifestyle discovered that home construction engineers now use bamboo, laced with construction wires to cast decking and pillars of buildings.

Usually, for such buildings, Iron rods are used in these areas to create rigidity and firmness.
Bamboo, a woody plant with hollow stems is in the grass family. It is always used for scaffolding in tall buildings replacing steel irons merged together with screws.

According to Mr. Andrew Asaga, a building engineer, 12mm, 16mm, 20mm, 25mm, 10mm, or 8mm iron rods are recommended for building apartments depending on the strength of the material and the designs specified.

He added: “Bamboo can also do the job of an iron rods to an extent.
“Some persons now use only bamboo for the pillars.
“Some mix bamboo with iron rods for the decking to save cost.
“Others now use only bamboo for decking.

“An iron rod costs between N10,000 to N30,000 depending on the size.
“This was twice the price it was sold for last year.

Few weeks ago, a client who wanted to build a bungalow asked that I use bamboo mixed with iron rods to build the pillars because the cost of iron rods has increased.

“He wanted me to construct 8 pillars for the building and would need four 12 mm iron rods for a pillar.
“A ton of 12mm (93 pieces) is now over N1.3 million .

“I don’t know where this country is heading to.”

Mr. Atanaza Godbless, an engineer said: ” Building developers are no longer making profits in the business.
” This is because the cost of building materials are increasing daily.

“When you make a quotation for clients today and they respond next week, you get to the market and discover that the prices of the materials you quoted have increased tremendously.

“You are left with nothing to settle with your workers.
“At the end you see engineers running away leaving workers unpaid.
“And such a person is being labelled bad.
“People are now settling for less alternatives of building materials.
“The cost of iron rods for instance, is making people use bamboo.

“The government is seeing all these and nothing is being done to reduce the cost of building materials.
“The result of these alternatives is having inferior buildings and increased building collapse.”

The strong bonds between concrete and the iron rods ensure stronger constructions as external forces cannot easily break these bonds and the concrete will not slip away from these rods as they are tied together during construction.

Mrs. Fatimetu Momoh, a bamboo seller said the price of a piece of bamboo has also increased from N400 per bamboo to N1500.

She added: “Even used ones now go for N900 which was sold for N200.

“Those supplying the bamboo are complaining of logistics and levies paid on the road.

“This is not something we import. Or do we start importing bamboo? Something we have in our country.
“There is no business that is not frustrated in today’s economy. I pray God will save us from this horrible situation.”

Governor Babagana Umara Zulum of Borno State supervised the distribution of food aid to over 52,000 families in seven local government areas of Southern Borno to alleviate the hardship caused by inflation and the current economic problems bedeviling the country.

The distribution took place on Sunday at the Biu township stadium. 

The benefiting local governments include Biu, Shani, Chibok, Askira-Uba, Kwaya Kusar, Bayo and Hawul.

This is as Senator representing Southern Borno, Mohammed Ali Ndume also urged people in the constituency not to sell the food and non -food items donated to them by Governor Zulum, but to use it in cushioning the current economic hardships.

The governor said, “This morning, we are in Biu to provide palliatives to 52,000 vulnerable families in southern Borno. This is in continuation of our efforts to provide food and non-food items to the less privileged in society.

“We have not consistently given food items to people in southern Borno because they are not deeply affected by the insurgency. However, due to the current hike in food prices, the government has decided to come in and support the people with food aid”, the governor added.

“Each beneficiary will collect 25kg bag of rice and 25kg bag of maize,” Governor Zulum stated.

In Biu local government area, 17,000 families each got a bag of rice and a bag of maize grain. 5,000 families benefited from Shani, Bayo, Kwaya Kusar, Chibok and Hawul local government areas, while in Askira-Uba, 10,000 bags of rice and maize were given to Uba and Askira- Emirates.

Distributes N100m to 2,000 youth, women farmers

Meanwhile, Governor Babagana Umara Zulum distributed over N100m to 2,000 youth and women to support them in cultivating their farmlands

Zulum said, “In addition to the food distribution, we are giving out N100m grant to 2,000 beneficiaries, each receiving N50,000. This grant is for them to use in cultivating their farmlands.

“We hope the money will help them in their farming activities”, he stated.

Speaking at the ceremony, Deputy Governor of Borno, Umar Usman Kadafur, who hails from Biu, urged beneficiaries to make good use of the food gesture and grant provided by the governor.

Dont sell palliatives given to you by government – Ndume urges constituents

Senator representing Southern Borno, Mohammed Ali Ndume has urged people in his constituency not to sale food and non -food items donated to them by Governor Babagana Zulum, but to use it in cushioning the current economic hardships.

Ndume who is the Chief Whip at the national assembly commended President Bola Ahmed Tinubu for given approval of palliatives worth N200 million to each Senator for onward distribution to people in their respective communities.

He noted he has since embarked on distribution of such palliatives to his constituents in order to complement good efforts of Borno State Government under the leadership of Governor Zulum.

His words, ” I want to use this opportunity to thank our Governor for considering the people of Southern Borno under this very difficult and expensive situation. This palliatives is coming at a right time because we are in person of Ramadan Kareem.

“At least, each of the 52,000 beneficiaries will go home with 25kg bags of rice and maize, while 2,000 youths including women were given N50,000 each as empowerment grants by the state government. This is highly commendable.

“Likewise, I thank President Bola Tinubu for supporting each Senator with grains and rice worth N200 million. As you can see Borno has taken the lead in distribution of palliatives more than any state in the whole of the federation, and I want to urge our people to maintain law and order throughout the distribution exercise,” Ndume stated.

In a related development, Governor Zulum unveiled Water projects in Azare, the headquarters of Hawul local government area.

According to the Commissioner Ministry of Water Resources, Engr Tijjani Goni, the Water tank is about 965 liters which would be powered by solar borehole that will distribute water to Azare town and it’s environs

The Federal Government has reacted to the uproar and castigation that greeted the Memorandum of Understand, MoU, it signed with Messrs MPH Rail Development Limited, a United Kingdom, UK, firm.

The MoU which was signed by the Ministry of Transport on March 13, 2024, was for the building of the Port Harcourt–Enugu–Calabar–Abuja Standard Gauge Rail Line.

The announcement of the MoU, has sparked widespread controversy and condemnation by Nigerians on social media, especially X.

They expressed concern over the decision of the government to sign such MoU with a company without palpable rail construction history.

Responding to the controversy, Minister of Transportation, Sa’idu Ahmed Alkali, disclosed that the project was still at its preliminary stage.

In a statement issued on Sunday by Olujimi Oyetomi, Director, Press and Public Relations of the Ministry, the minister noted that the documents that were signed are not legally binding.

Parts of the statement read, “For clarity, a Memorandum of Understanding or MoU is a non-binding agreement that states each party’s intentions to take actions, conduct a business transaction or form a new relationship.

“It is not a legal binding agreement.

“It provides only a platform for further agreement, discussion, scrutiny and the provisions of required guarantees by the parties to reach agreement if the parties are satisfied.

“The MoU in question arose from an unsolicited proposal presented by the British African Business Alliance, BABA, an association based in the United Kingdom with interest in businesses in Africa. It’s proposal was initially submitted to the ministry on 27th August 2019.

“As required, the business, Outline Business Case was submitted to the Infrastructure Concession and Regulatory Commission, ICRC, on 8th December 2023. The major attraction of the proposal is BABA/MPH’s initiative to achieve 100% private sector funding for the project with no loans or debt to the Nigerian government or any of its agencies as captured in the Article 3.3 of the MoU.

“The regulatory Commission on 27 December 2023 granted approval and issued a conditional OBC Certification. It is pertinent to note at this juncture that COVID-19 was a major contributor to the time lag between the initial proposal and the ICRC OBC Certification

The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are expected to be made from the recent depreciation of the naira to fund deficit.

This came against the backdrop of the depreciation of the local currency against the United States dollar from N900/$r to over 1,500/$, following a series of moves by the Central Bank of Nigeria to unify the parallel and official market exchange rates of the naira.

The National Assembly had in December moved the 2024 budget benchmark exchange rate from N750/dollar sent by President Bola Tinubu to N800/dollar.

Giving reasons at that time, the Chairman of the Senate Committee on Appropriation, Senator Solomon Adeola, explained, “The current price of the dollar at the black market is between N1200 and N1300 and in the Central Bank of Nigeria, it is between N950 and N1000 and we have a budget which was pegged at N750, if you look at the gap, you’d realise that has covered a lot of gaps already.”

“Again, we did some external consultations, most especially in the area of oil benchmark and petroleum resources, if we had gone in that line, we’d have pegged it at N850/N900 to a dollar and we agree that we want to be conservative in our approach, so that nobody will think that we want to increase the budget for any ulterior motive, that was why we left it at N490bn out of which N44bn is for statutory transfer, so effectively, the increment is about N446bn that is going into the Federal Government pocket as consolidated revenue.”

“So, you can see that what necessitated our action is the economic reality and what is obtainable in both the black and open markets.”

However, following the depreciation of the naira from N900/dollar to over N1,500/dollar, the Senate has advised the Federal Government against increasing the budget size, saying the move could worsen the country’s already high inflation rate.

Rather, the Senate said the executive should use the excess savings to cut down on loans it would seek to fund the deficit in the budget.

The Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Tokunbo Abiru, in an exclusive interview with The PUNCH, advised the Federal government to avoid increasing the budget size.

He also advised that gains from the budget should be spent on reducing the budget deficit.

He said, “My position will be to advise that the Federal Government not to expand the size of the budget, rather use whatever gains that come to moderate inflation excess; and even the appetite for contracting loans for deficit should be moderated.”

He also explained that it was too early to determine the workability of the budget despite the volatility of the naira.

He explained, “What you use in budgeting is average rate not spot rate. What you are seeing today in the forex market is still looking like a spot rate.

“And you can see all attempts, all efforts from the end of Central Bank of Nigeria and the federal government is to find a way to stabilize. I can’t tell what the stabilized number would be.”

Abiru added, “So it will be too hasty to begin to judge from the current spot performance, not until when we have something close to our average or stable position. That’s when you should not be thinking about any revision of the budget.”

Also speaking in the same vein, the Deputy Chairman of the Senate Committee on Appropriation, Senator Ali Ndume, said the country would be saving over N600 on every dollar in the 2024 budget.

According to him, Nigeria earns over 60 per cent of its revenue in dollars and, as such, the fall of the naira against the dollar has created huge savings for the country.

Explaining he said, “We should be talking about budget excess not deficit. We spend naira, our budget is in Naira and we are spending in naira.

“The crude oil is our major source of income and it is being sold in dollars. So, if we are to analyze things, then we are making more money than losing money. The Federal Government pegged it first at N750 but at the National Assembly we jerked it up to N800.”

Ndume added, “So, we are selling our crude at about N1400 instead of N800, so we are making about N600 budget excesses. So, we have more money to spend.

“The budget is a dolarised budget so to say, such that our income is in dollars and expenditure is in naira. We are spending naira and earning dollars.”

On the increment in the prices of foodstuff, the lawmaker said that the hike in the prices was caused by Nigerians who were taking advantage of the volatility of the foreign exchange.

Ndume added, “The problem we have is in foreign exchange, but most of our foods are produced locally. So, the increment is on people who decide to take advantage of the foreign exchange.

“For instance, we don’t import corn, beans and other foodstuff, so why are the prices of foodstuff going up?”

Economists react

A professor of Economics at Babcock University, Ilisan, Ogun State, Segun Ajibola, said the rise in dollar would affect both the budget revenue and expenditure.

“You know budget is both sides – revenue and expenditure. The first thing we should realise is that if government earns dollar, the government will monetise that dollar at the exchange rate, then expenses will be incurred at that same exchange rate, so it will affect both the revenue and the expenditure,” Ajibola said.

He noted that foreign exchange accounts for about 60 per cent of total government revenue, stating, however, that there might still be a shortfall because this year’s budget is a deficit budgeting.

“So, the onus is on the government to drive supply. If the government can drive the supply of foreign exchange earnings, not just from the monolithic earning that we have, where we earn most substantially from crude oil; If we can drive non-oil foreign exchange earnings, then it will help. However, the important thing is to stabilise the economy.

“The Federal Government should see what could be done quickly, what we call quick wins. How can we redirect our exposure in the foreign exchange market? If our local refineries work, we can cut off importation of fuel. There are some items we need not spend foreign exchange on, like toothpicks,” the don said.

He, however, observed that there might be the need to review the budget later in the year.

Speaking, the Managing Director/Chief Economist of Analysts’ Data Services and Resources, Dr Afolabi Olowookere, said that the gap between the projected benchmark of the dollar in the 2024 budget and the current rate of the dollar had multiple effects on the government and the economy.

“Devaluation will help their budget in terms of revenue because money coming from abroad will now be changed at the rate of N1,400/dollar or N1,500/dollar.

“It is also possible that the FG may also lose. There are two ways that they can lose. The first way is, if they need to import or travel, they have to look for N1,400, N1,500 to pay and most contractors, I know would have gone back to the government to say that they cannot execute their contracts at the previous rate.

“So, on one hand, the government will be making more money from the conversion, and on the other hand, the government will be paying more for everything it has to import,” he stressed.

Touching on the third impact, Olowookere said that the exchange rate was already affecting the local economy,

“Look at cement, which is largely produced here, has gone up. So, effectively, the government will benefit but not as much as it would have benefited,” he reiterated.

Similarly, the Managing Director at Afrinvest Securities, Ayodeji Ebo, told one of our correspondents that the devaluation of the naira was positive for the government, doubling revenue when converted to naira.

“However, in terms of capital expenditure or spending, it will affect the Nigerian government because the cost of those projects would have doubled. So, in that case, the government would have to channel more funds to achieve the targeted projects. For example, if they have budgeted N3tn for capital expenditure, it now means you would spend close to N6tn or more.

“Given the current situation, we need to focus on reducing oil theft. When we export oil, we earn in dollars. When you convert it to naira, it becomes a significant amount of money,” Ebo noted.

In the same vein, an economist, Dr Elias Aliyu, maintained that the government pegging the exchange rate at N750 to $1, and later adjusting it to N800 by the National Assembly, appeared to be an overly ambitious move.

Meanwhile, a professor of Economics at the University of Uyo, Akpan Ekpo, said the devaluation of the naira had rendered the government’s exchange rate peg in the 2024 budget infeasible.

According to him, the government would either have to readjust its spending or float a supplementary budget to cushion the damage the current exchange rate has done to its budget.

“The oil we are exporting now, we already got the money a long time ago through the future market. Knowing the government, they would have to borrow to implement the budget.

“The budget already had a deficit. We will now have a higher deficit. They will now have to go for a supplementary budget or adjust expenditure through what we call expenditure switching. But knowing the government. They will want to borrow,” he said.

Speaking further, Ekpo urged the government to consider reviewing some of its policies to attenuate the severe impact the economic reforms have had on the populace.

The Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Nigerian Universities and Allied Institutions will commence a nationwide strike today (Monday), to protest their withheld four months’ salary.

The National President of SSANU, Muhammed Ibrahim, informed The PUNCH on Sunday that the two unions were set for their nationwide strike.

But the Minister for Education, Prof. Tahir Mamman, said he was unaware of SSANU/NASU’s planned strike.

In a text message sent to one of our correspondents on Sunday, the minister said, “I am not aware of any planned strike. But I know the matter is receiving attention at the highest level of govt. I will get across to them.”

The Federal Government, implementing the no-work, no-pay policy, had withheld the salaries of university workers following a prolonged strike in 2021.

However, the Federal Government in February released four-month withheld salaries to members of the Academic Staff Union of Universities but left out SSANU and NASU.

The two unions, in several letters, demanded that their withheld salaries be equally released and gave the Federal Government an ultimatum with a threat to embark on a nationwide strike.

Speaking to The PUNCH on Sunday, the SSANU leader, Ibrahim, said, “The Joint Action Committee of NASU and SSANU has inundated the Federal Government with the need to pay the withheld four-month salaries of our members in the federal universities and inter-university centres as done for our academic counterpart to no avail.

“As a matter of fact, the attention of Rt. Hon. Femi Gbajabiamila, Chief of Staff to the President, and Prof. Tahir Mamman, SAN, the Honourable Minister of Education, was called to this injustice and unfair treatment of our members in our letter referenced JAC/NS/VOL.I/277 and dated 13th February 2024. We called on them to resolve the issue positively before it leads to an unnecessary upheaval in our university sector.

“In a similar vein, a press release was issued on 1st March 2024 and the Federal Government was given a seven-day ultimatum to do the needful in respect of the payment of the withheld four months’ salaries but nothing was done on the matter.

“Having waited patiently for the ultimatum to expire without any positive response from the government, this is to direct our members in the universities and inter-university centres throughout the country to commence a seven-day warning strike effective Monday, 18th March 2024 in the first instance.”

Also, SSANU National Vice-President, Abdussobur Salaam, said the government had not made any offer to the union since it started the agitation for payment of its withheld salaries.

“We have not heard anything from the government; they are not saying anything about payment of the salaries, no promises, no negotiation. We are not saying they should pay everything at once, at least they should show commitment, talk to us, and tell us when we should expect the payment, but nothing from them, they have been silent even after our warning strike press statement, still, nothing.”

Nearly a year and a half after his inauguration, Osun State Governor, Ademola Adeleke has finally moved into the state’s government house in Osogbo, the state capital.

Naija News recalls that Governor Adeleke, who was sworn in on November 27, 2022, diverged from the norm established by his predecessors by choosing not to move into the state’s government house immediately.

His decision had drawn criticism, especially from the opposition All Progressives Congress (APC), but it was defended with the explanation that the Government House was undergoing renovations.

However, on Sunday, a statement from the Governor’s spokesperson, Olawale Rasheed, announced the completion of the renovation works, paving the way for Adeleke’s move into the government house.

The renovation encompassed extensive work on the main house, completion of a previously abandoned multi-bedroom guest house, remodelling of several structures, and repairs to numerous facilities that had fallen into disrepair.

During the unveiling ceremony of the refurbished Government House, attended by top state officials, Governor Adeleke affirmed his administration’s commitment to upgrading state assets, regardless of their origin.

“I have upgraded the Government House just as I rehabilitated the Governor’s Office. We ensured the Government House was rescued from the open neglect we inherited,” Adeleke stated, emphasizing the importance of maintaining state assets for future generations.

The Governor also highlighted that his administration is not only focusing on completing inherited projects but is also initiating new ones, aiming to fulfil the five-point agenda promised to the citizens of Osun State.

However, reacting to the development, Osun APC Chairman Tajudeen Lawal criticized the project as a misplaced priority, especially in light of the economic challenges faced by the state’s residents due to the removal of the federal fuel subsidy.

Lawal accused Governor Adeleke of focusing on less impactful projects while his counterparts in other states were seeking ways to alleviate the economic burden on their citizens.

The lawmaker representing Delta South Senatorial District, Joel-Onowakpo Thomas, has called for a thorough investigation into the murder of 16 military personnel in Okuama Community, Ughelli South Local Government Area of Delta State.

The lawmaker, in a statement on Sunday in Warri, condemned the act and described it as “a crisis taken too far”.

While calling for calm, he noted that the military operatives were on a peace mission to rescue one Mr Anthony Aboh, who was allegedly kidnapped in Okuama Community.

Thomas, who is also the Vice-Chairman of the Senate Committee on Defence, commiserated with the military authority and families of the slain soldiers.

He called for a holistic investigation to unearth the remote causes of the crisis and urged both the state and federal governments to urgently intervene to prevent it from escalating.

“There is a need for the security agencies to go after the masterminds of the heinous crime.

“There is also the need for the military to tactically deploy intelligence in tracking the masterminds to avoid the killing of innocent people in Okuama Community.

“I commiserate with the military authority, families of the slain soldiers as well as others who may have lost their loved ones to the crisis.

“I urge the people of Okuama Community to assist the military to fish out the killers of the gallant soldiers,” Thomas said.

The Nigerian Army had in a statement issued on Saturday confirmed the death of 16 soldiers in the conflict between the military and youths of the community.

According to the statement issued by the acting Director of Defence Information, Brig.-Gen. Tukur Gusau, a Commanding Officer, two Majors, one Captain, and 12 other soldiers were affected.

Niger’s government announced on Saturday that it was breaking off “with immediate effect” its military cooperation agreement with the United States.

The declaration came just a day after a senior US delegation left Niger, following a three-day visit to renew contact with the military junta that ousted the president and moved closer to Russia.

The statement said the government had decided to “denounce with immediate effect” the agreement relating to US military and civilian employees of the US Department of Defense inside Niger.

It was read out Saturday evening on national television.

US State Department spokesman Matthew Miller said Washington was aware of the statement, and that it came after “frank discussions … about our concerns” with the junta’s “trajectory.”

Miller said on X that the US was still in touch with the junta and would provide updates “as warranted.”

The Pentagon provided AFP with an identical statement.

The United States still stations some 1,000 troops in Niger at a desert drone base built at a cost of $100 million.

Movements there have been limited since the July 2023 coup and Washington has curbed assistance to the government.

US Secretary of State Antony Blinken paid a rare visit to Niger a year ago in hopes of shoring up president Mohamed Bazoum, a stalwart ally in Western security efforts against jihadists.

Just four months later, the military deposed Bazoum and put him under house arrest.

The junta took a hard line against former colonial power France, forcing the withdrawal of French troops in place for nearly a decade.

Niger’s military had in the past worked closely with the United States.

But the junta has sought cooperation with Russia, while stopping short of the full-fledged embrace of Moscow by military-run neighbours Mali and Burkina Faso.

In the world of boxing, tales of rags-to-riches journeys often captivate audiences, but few stories rival the meteoric rise of Anthony Joshua. From his humble beginnings in the ring, marked by a meager £15,000 payday for his inaugural professional bout, to his staggering career earnings totaling £500,140,000, Joshua’s journey is a testament to unwavering resilience, unyielding dedication, and a relentless pursuit of excellence.

Before the glitz and glamor of the professional circuit, Joshua honed his craft in amateur boxing, amassing accolades and acclaim that foreshadowed his future dominance.

With an impeccable amateur record and a 2012 Olympic gold medal adorning his chest, Joshua transitioned seamlessly into the professional ranks, signaling the dawn of a new era in heavyweight boxing.

Emanuele Leo was his first opponent in the pros and he was quickly secured his first pro paycheck by knocking Leo out in the first round at the 02 Arena pocketing £15,000 for the bout.

Joshua went on to earn £50,000 in his next two fights which he won by knockouts against Paul Butlin and Hrvoje Kisicek. He followed that up with a £75,000 pay-day against Dorian Darch who also fell victim to Joshua’s knockout power.

His first million-pound purse would wait till his 8th professional bout against Konstantin Airich who he also dispatched by TKO and bagged a £1m purse. Joshua steadily climbed the ranks, each triumph contributing to his burgeoning reputation and financial standing.

Joshua’s ambition had always set him apart from his peers. In a candid interview dating back to April 2017, Joshua spoke of his aspirations to not only conquer the boxing world but to transcend it, aiming to become the sport’s first billionaire.

“When I first started, the aim was to become a multi-millionaire,” Joshua said.

“But now there are ordinary people, grandmas and granddads, who are worth millions just because of property prices. So the new school of thought is that I need to be a billionaire.”

Joshua went on to earn £1m from four other fights and £2m from wins over Kevin Johnson and Gary Cornish before a £3m purse for his win over Dillian Whyte and a total of £14.5m from his next three bouts.

However, it was his resounding victory over Wladimir Klitschko in the same month that catapulted Joshua into boxing stardom. Not only did the win secure his status as a heavyweight champion, but it also significantly boosted his earnings, with a staggering £15m purse attached to the fight.

His rematch with Andy Ruiz Jr., which saw him reclaim his titles from the American who handed him his first loss, brought in a monumental £66m payday, a testament to his enduring appeal and drawing power.

Joshua’s highest purse from a bout was made in his rematch with Oleksandr Usyk which he lost by split decision. In the first bout, Joshua earned £20m and in the rematch in Saudi Arabia, the two-time heavyweight champion bagged a whopping sum of £70m.

Undeterred by setbacks, such as his defeats to Usyk, Joshua showcased his resilience by bouncing back with triumphant victories in his next four fights which saw him earn a total of £86 with the biggest pay coming from his most recent fight against Francis Ngannou in Saudi Arabia where he pocketed £40m.

Each victory not only added to his legacy in the ring but also swelled his bank balance, underscoring his status as one of boxing’s most bankable stars.

Looking ahead, Joshua’s sights are set firmly on the horizon, his appetite for success as voracious as ever. With a record of 28-3-0 (25 KOs), the 34-year-old now has his sights set on becoming a three-time heavyweight champion.

There are indications that the Defence Headquarters is preparing to release the names and pictures of the new set of wanted terrorist and bandit leaders.

Sunday PUNCH gathered that this was following the elimination of top terrorists and bandit leaders on the watchlist of the military and the emergence of a new crop of leaders.

The DHQ had in November 2022 declared no fewer than 19 bandit leaders wanted with a bounty of N5m on each of them to encourage Nigerians to volunteer information that could lead to their arrest.

Prominent among those declared wanted were Bello Turji from Fakai village, Zamfara State; Ali  Kachalla, aka Ali Kawaje, from  Kuyambara village in Danaadau Maru LG of Zamfara State; Ado Aliero, from Yankuzo village, in the Tsafe LGA, Zamfara State; Halilu Sububu from Sububu village, in the Maradun  LGA, Zamfara State.

Also on the list were Sani Dangote from  Dumbarum village,  Zurmi LGA of Zamfara State; Leko (Mozoj village, Mutazu LGA, Katsina State); Dogo Nahali (Yar Tsamiyar Jno village, Kankara LGA, Katsina State); Nagona from  Angwan Galadima in the Isa Loa area of Sokoto State;  Monore from Yantumaki village, Dan LGA, Katsina State; Gwaska Dankarami from Shamushele village in the Zuri LGA of Zamfara State; Baleri from Shinkafi LGA, Zamfara State and Mamudu Tainange from  Varanda village in Batsari LGA, Katsina State and others.

A source told our correspondent that the military was planning to release a new list of wanted terrorists.

The source noted that work was ongoing on that. 

“The authorities are working on a new list of another wanted terrorist and bandit leaders. It will also contain their pictures. Their lists are being compiled.

“We will urge Nigerians to cooperate with us to enable us to neutralise them as we have done in the past. There should be a bounty on them but I can’t say how much. Don’t worry; it will be released to the public very soon,” the source hinted.

The Director, Defence Media Operations, Maj. Gen. Edward Buba, confirmed that work was ongoing on the new list.

“We are working on the list. It will be out soon,” he said.

Sunday PUNCH reports that the military had during several operations across the various theatres of operations killed many terrorist and bandit leaders.

This includes a notorious bandit kingpin identified as Boderi who allegedly orchestrated many high-profile kidnappings, including those of Yauri schoolgirls, Greenfield University, and the Nigerian Defence Academy attacks.

Boderi was said to have been killed alongside another kingpin, Bodejo in February 2024.

Between February 1 and 28, 2024, the troops killed 10 terrorist kingpins.

The terrorist kingpins are Ashiru, Kachambi, Dogon Rakumi, Sulen Nagala, Laushi, Bangis, Alhaji Kabiru, Alhaji Baldu, and Baban Yara.

  In July 2023, a bandit leader in Zamfara, Dogo Gudali, was killed by the troops.

Similarly in January 2023, a bandit kingpin, popularly known as Alhaji Shadari, and some of his gang members were killed in Zamfara State.