Close Menu
    What's Hot

    UBA Pushes Deeper Bank-Fintech Collaboration at Pan-African Conference

    May 1, 2026

    Nigerian Exchange Nears N156trn, Investors Gain N3.3trn

    May 1, 2026

    Federal Executive Council Approves $2.9bn Rail Projects

    May 1, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, May 1
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - Nigeria Saves N3bn by Decongesting Correctional Centre
    News

    Nigeria Saves N3bn by Decongesting Correctional Centre

    Marketforces AfricaBy Marketforces AfricaOctober 9, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Nigeria Saves N3Bn By Decongesting Correctional Centre
    Share
    Facebook Twitter Pinterest Email 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 Telegram Copy Link
    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.

    Related Posts

    News

    UBA Pushes Deeper Bank-Fintech Collaboration at Pan-African Conference

    May 1, 2026
    News

    Nigerian Exchange Nears N156trn, Investors Gain N3.3trn

    May 1, 2026
    News

    Federal Executive Council Approves $2.9bn Rail Projects

    May 1, 2026
    Cryptocurrency

    Bitcoin Gains on US Defense Endorsement, ETF Outflow Pause

    May 1, 2026
    News

    US Seizes $500m Iranian Crypto in Operation Economic Fury

    May 1, 2026
    News

    Recapitalisation: No Licenced Insurer Will Be Left to Fail – NAICOM

    May 1, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    UBA Pushes Deeper Bank-Fintech Collaboration at Pan-African Conference

    May 1, 2026

    Nigerian Exchange Nears N156trn, Investors Gain N3.3trn

    May 1, 2026

    Federal Executive Council Approves $2.9bn Rail Projects

    May 1, 2026

    INEC Fixes June 20 for by-Elections

    May 1, 2026
    Latest Posts

    UBA Pushes Deeper Bank-Fintech Collaboration at Pan-African Conference

    May 1, 2026

    Nigerian Exchange Nears N156trn, Investors Gain N3.3trn

    May 1, 2026

    Federal Executive Council Approves $2.9bn Rail Projects

    May 1, 2026

    Bitcoin Gains on US Defense Endorsement, ETF Outflow Pause

    May 1, 2026

    US Seizes $500m Iranian Crypto in Operation Economic Fury

    May 1, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    UBA Pushes Deeper Bank-Fintech Collaboration at Pan-African Conference

    May 1, 2026

    Nigerian Exchange Nears N156trn, Investors Gain N3.3trn

    May 1, 2026

    Federal Executive Council Approves $2.9bn Rail Projects

    May 1, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

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