Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Bitcoin Rallies as Standard Chartered Backs $100k Target Price

    July 11, 2026

    Apple Sues OpenAI for Stealing Trade Secrets

    July 11, 2026

    Naira Slides on FX Market Liquidity Squeeze, US Dollar Rally

    July 10, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Bitcoin Rallies as Standard Chartered Backs $100k Target Price
    • Apple Sues OpenAI for Stealing Trade Secrets
    • Naira Slides on FX Market Liquidity Squeeze, US Dollar Rally
    • Stanbic IBTC, Guinness Drag NGX Index, Investors Lose N102bn
    • Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 
    • Swift Launches Blockchain Pilot for Tokenised Deposits with 17 Banks
    • South African Rand Trades Soft on U.S. Dollar Rally
    • XRP Price Rises 2% as AI Trades Drive Volume
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, July 11
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Nigeria Saves N3bn by Decongesting Correctional Centre

    Nigeria Saves N3bn by Decongesting Correctional Centre

    Marketforces AfricaBy Marketforces AfricaOctober 9, 2024 News No Comments2 Mins Read
    Nigeria Saves N3bn by Decongesting Correctional Centre
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigeria Saves N3bn by Decongesting Correctional Centre

    The Minister of Interior, Dr Olubunmi Tunji-Ojo, on Tuesday said that decongesting the Nigerian Correctional Service (NCoS) centres has saved the Federal Government approximately N3 billion in one year.

    Tunji-Ojo, disclosed this at the launch of the “Report on the National Assessment of the Situation of Children and Young Adults Deprived of Liberty in Nigeria” in Abuja.

    He said the achievement was made possible by releasing more than 10 per cent of inmates who were unable to pay fines as low as N10,000 and N20,000.

    Tunji-Ojo stated that the daily feeding cost of an inmate was N750, translating to N22,500 monthly and more than N300,000 annually.

    He emphasised the need to weigh options, leading to collaborations with the private sector to raise N500 million for compensation and subsequent release of eligible inmates.

    Tunji-Ojo expressed dissatisfaction with the current state of the correctional service, emphasising the need for ideological change beyond mere name changes.

    “A prison is a place of incarceration, whereas a correctional centre should focus on reformation, transformation, and rehabilitation,” he noted.

    Regarding child incarceration, the minister advocated for support systems to prevent minor mistakes from becoming significant setbacks.

    UNICEF Country Representative, Ms. Cristian Munduate, reiterated that child rights are human rights, highlighting the prevalence of pre-trial detention and limited access to community-based diversion programmes. #Nigeria Saves N3bn by Decongesting Correctional Centre

    Weak Crude Oil Demand in China Put Price Surge in Check

    Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Bitcoin Rallies as Standard Chartered Backs $100k Target Price

    Apple Sues OpenAI for Stealing Trade Secrets

    Naira Slides on FX Market Liquidity Squeeze, US Dollar Rally

    Stanbic IBTC, Guinness Drag NGX Index, Investors Lose N102bn

    Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 

    Swift Launches Blockchain Pilot for Tokenised Deposits with 17 Banks

    Add A Comment

    Comments are closed.

    Editors Picks

    Bitcoin Rallies as Standard Chartered Backs $100k Target Price

    July 11, 2026

    Apple Sues OpenAI for Stealing Trade Secrets

    July 11, 2026

    Naira Slides on FX Market Liquidity Squeeze, US Dollar Rally

    July 10, 2026

    Stanbic IBTC, Guinness Drag NGX Index, Investors Lose N102bn

    July 10, 2026

    Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 

    July 10, 2026
    Latest Posts

    Bitcoin Rallies as Standard Chartered Backs $100k Target Price

    July 11, 2026

    Apple Sues OpenAI for Stealing Trade Secrets

    July 11, 2026

    Naira Slides on FX Market Liquidity Squeeze, US Dollar Rally

    July 10, 2026

    Stanbic IBTC, Guinness Drag NGX Index, Investors Lose N102bn

    July 10, 2026

    Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister 

    July 10, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.