Tag: NEC

  • NEC holds retreat March 21-22

    NEC holds retreat March 21-22

    The National Economic Council, (NEC) will hold a two-day Retreat next week from Monday, March 21 to March 22.

    A statement by the Senior Special Assistant on Media and Publicity, Laolu Akande, said that President Muhammadu Buhari will deliver the keynote address during the formal opening session on Monday morning.

    Vice President, Yemi Osinbajo, as Chairman of NEC, which is an advisory body to the President, would preside over the retreat with governors from the 36 states of the federation attending, including the Central Bank of Nigeria (CBN) Governor and the Budget & Planning Minister among other top government functionaries.

    The objective of the NEC Retreat, the statement said, is to provide a forum for in-depth discussions by NEC members of the policy actions that the States and the Federal Government can consider in order to stimulate local production, cut costs and enhance public revenues among other measures to stimulate the economy.

    Stressing that the Retreat is not an emergency national economic conference, the statement said: “The idea was mooted at the last regular NEC meeting in January, where members requested an intensive session to review economic trends and evolve strategies to cope.”

  • PDP shifts date of National Caucus meeting, others

    PDP shifts date of National Caucus meeting, others

    The Peoples Democratic Party (PDP) National Working Committee (NWC) has shifted the meetings of key statutory organs of the party by one week.

    The shift according to a statement signed by PDP National Publicity Secretary, Chief Olisa Metuh, on Monday in Abuja, was in view of requests by critical, stakeholders and leaders of the party.

    “In the new schedule, the meeting of the National Caucus of the party has been shifted from Feb. 9 to Feb. 15, at 7p.m.

    “In the same vein, the meeting of the Board of Trustees (BoT) will now hold in the morning of Tuesday, Feb. 16.”

    It added that the party’s National Executive Committee (NEC) meeting would also hold on Feb. 16 at 2 p.m.

    “The NWC deeply regrets any inconveniences that may be caused by this shift in dates.”

  • PDP to hold NEC meeting February 10 

    PDP to hold NEC meeting February 10 

    The leadership of the Peoples Democratic Party (PDP) has fixed Wednesday February 10 for the party’s National Executive Committee (NEC) meeting.

    A statement Friday by the party’s National Publicity Secretary, Chief Olisa Metuh, the meeting would be preceded by that of the National Caucus, to be held on Tuesday February 9.

    According to the statement, the Board of Trustees (BoT) meeting would also take place before the NEC meeting on Wednesday.

    The statement added that the meetings were in furtherance of internal discussions on very crucial issues within the party as well as ways to reposition the party for the challenges ahead.

  • PDP set for BoT, NEC meeting

    PDP set for BoT, NEC meeting

    The Peoples Democratic Party (PDP) is set to hold its Board of Trustees (BoT), National Executive Committee (NEC) meetings anytime soon.

    The meetings would be preceded by the party’s caucus meeting scheduled to hold next week, a statement last night by the National Secretary of the PDP, Prof. Wale Oladipo, said.

    According to Oladipo, the decisions were taken at the party’s National Working Committee (NWC) weekly meeting on Thursday.

    The party scribe added that the NWC was joined in the meeting at the PDP Abuja secretariat by state chapter chairmen and zonal vice chairmen across the six zones.

    “The meeting urged leaders to sensitize members across the country towards the reform programs of the party, which would culminate in the summoning of caucus next week, thereafter BOT and NEC to approve the draft guideline for the congresses and national convention”.

    According to the statement, resolutions taken at the joint meeting were: “To charge all its members to remain committed to the growth and development of the party.

    “That the PDP still remains the only true national political party well equipped to hold the national character of the country.

    “That all organs of the party national wide should be galvanized toward the branding project of PDP that should take back power by 2019.”

  • FG ‘inherited’ N13.6b Abacha loot

    FG ‘inherited’ N13.6b Abacha loot

    The ‎President Muhammadu Buhari’s administration on Thursday disclosed that it inherited a total of N13.6 billion from the Goodluck Jonathan’s administration as loot recovered from family of former Head of State, late Gen. Sani Abacha.

    Benue State Governor, Samuel Ortom, stated this to journalists at the end of the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo at the State House, Abuja.

    The NEC comprises state governors, federal attorney-general, Central Bank of Nigeria, Ministries of National Planning, Finance, and Federal Capital Territory.

    Ortom‎ said the balance of the Abacha loot as at end of November 2015 stood at $26,000,389 and £19,000,033 respectively.

    According to the governor, giving the exchange rate of N260 per dollar and N360 per pound, the total balance is estimated at N13.6 billion.

    Ortom said the Buhari administration which came on board in May this year, has not touched the money.

    He said: “We were also briefed on updates on Abacha loots in Council. The Accountant General of the Federation reported that the dollar account as at November 2015 ending has a balance of $26,000,389.00 while the pounds sterling has a balance of £19,000,033.00 That is where we are today.”

    Sokoto State Governor, Aminu Tambuwal, said the Governor of the Central Bank, Godwin Emefuele, briefed the Council on foreign exchange policy.

     

  • Kogi poll: INEC, APC flounder

    Kogi poll: INEC, APC flounder

    After delivering a devastating message on politics and politicians two Saturdays ago, Kogi State voters were expected to follow through with a tutorial to the country on how best to manage an electoral conundrum consequent upon both the death of one of the candidates in the election and lack of constitutional clarity. Alas, just when it mattered most, they wilted. But whether the wilting was caused by a lack of political depth or lack of principles is hard to say at the moment. By a substantial margin of 240,867 votes to 199,514 votes, the Kogi electorate had given the All Progressives Congress (APC) ticket of Abubakar Audu and his running mate, Abiodun Faleke, a commanding lead over the Peoples Democratic Party (PDP) ticket of Governor Idris Wada and his deputy, Yomi Awoniyi. Some 41,300 votes were said to be outstanding, nearly half of which were cancelled or unlawful votes that had no business being regarded as outstanding. The rest of the votes had not been cast at all. Out of the 41,300 votes potentially left to be cast, sources within INEC had indicated that approximately 25,000 were backed by permanent voter cards (PVCs).

    By any mathematical proposition, the real (as opposed to the registered voters) outstanding votes could not exceed the number of PVCs collected in the 91 polling units spread across some 18 local government areas of the state. But it was this elementary and unvarnished fact that INEC mystified to declare the Kogi governorship election of November 21 inconclusive. It was this electoral shenanigan that also put the otherwise thoughtful APC at sixes and sevens, its thinking process paralysed. And it was this bald reasoning incorrectly deduced from uncomplicated facts and figures that the state’s ethnic groups and senatorial districts seized upon to return to their atavistic past.

    Kogi State has sadly become a riddle. It defied all speculations, as this column hoped and foretold, to vote Prince Audu, using their head rather than their heart. The PDP reminded the electorate that Prince Audu was corrupt, having been dragged by the EFCC to court for allegedly embezzling or misappropriating more than N10bn of the about N20bn the state collected as statutory allocation in his four years in office. But Kogites ignored the rambling narratives of the PDP and the shoddiness of the EFCC, recalling in contrast that the two PDP governments which succeeded Prince Audu in 2003 to 2015 collected more than N500bn and had nothing to show for it. President Muhammadu Buhari had also remorselessly declined to attend the campaign rallies of the APC in both Okene town and Lokoja. But Kogites simply sneered at the hidden meaning of the president’s absence, and embraced both Prince Audu and his party the more. Then many armchair commentators and analysts finally weighed in and without real evidence predicted that either Prince Audu would lose or the election would be too close to call. This column wondered where they got their facts, for the objective reality on the ground favoured Prince Audu and Hon Faleke by an undisputed margin.

    In the end, the APC ticket swept the poll taking 16 local government areas to PDP’s five. Its lead, at the time INEC declared the election inconclusive, was unassailable and incontestable. INEC’s decision to hold a supplementary election and accept a substitute APC candidate are gratuitous and legally and logically unsustainable. INEC, speaking in sync with the Attorney-General, Abubakar Malami, ordered a supplementary election in the affected 91 polling units for December 5, and the replacement of the late Prince Audu. In their opinion, though the law does not explicitly provide for this scenario, an extrapolation had to be done to solve the exigent riddle. Banking on the correctness of the INEC and AGF positions, Prince Audu’s political associates from Kogi East senatorial district indicated unanimously that they would want the APC to allow Prince Audu’s son, Mohammed, a barrister, to replace the late candidate. They offered no precedence, nor suggested why they thought such monarchical disposition would bode well for a state like Kogi brimming with experienced and ambitious politicians across all political parties and from all senatorial districts, including Prince Audu’s Kogi East. If the APC should decline to put the younger Audu forward, as indeed it has done, then whoever wins the final ballot would be impeached, they threatened.

    Unprincipled and vacillating, Kogi PDP leaders have also seized upon INEC’s missteps to lampoon both INEC and the AGF, and have called for INEC to declare Governor Wada winner in the absence of Prince Audu. By their strange logic and science, they have delinked Hon. Faleke from the APC ticket. Their strange knowledge of the law in the PDP does not debar them from the sinister request of openly and grotesquely undermining the law and opening themselves to general ridicule. Kogi East, which produced Prince Audu, is also anxious to sustain their hegemony rather than recognise the inviolability of the shifting dynamics of Kogi’s electoral politics.

    However, of all the subterfuges that followed the death of Prince Audu and INEC’s declaration of the election as inconclusive, the most baffling comes from the APC itself. The party was expected to recognise clearly the victory the Audu/Faleke ticket afforded it. It was also expected to defend the victory and, in line with the relevant provisions of the law, anchor a campaign to compel INEC to declare the election conclusive, resist candidate substitution (with the attendant implication that someone else could unlawfully inherit the APC votes), and champion the moral rebirth of the country by using the Kogi impasse to sanitise the crass ethnocentrism, sectarianism and troubling power games inundating and undermining the peace and stability of Nigeria. Instead, the party paradoxically appeared eager to fritter the hard-won victory of November 21, and more enthusiastically pander to primordial politics. They have settled for Yahaya Bello, who was runner-up to Prince Audu in the state’s governorship primary. It unfathomably makes sense to the deep minds of the APC that a stranger to the Audu/Faleke ticket would be made to benefit from the electoral success of November 21 and 22. Mr Bello, like the Speaker of the House of Assembly and the Chief Justice, are Ebira from Kogi Central, the Igala’s worst enemies.

    The APC’s National Working Committee (NWC) is reportedly bitterly divided over the Kogi stalemate, and though it finally but heedlessly settled for Mr Bello as the substitute candidate, that division will not only refuse to abate, it is an ugly indication of the fissures, riotous politics and volatile fault lines in the ruling party. APC, it is clear, is not what it is cracked up to be. Judging from the crises that have engulfed it since May when it took office in Abuja, it appears to lack discipline, cohesion, character, and now reason. Having got off on the wrong foot nationally, and in the process trivialised governance, the party does not appear to possess the integrity and sound judgement necessary to build a great and enduring party, nor to rule a complex and increasingly challenged country. Its reasoning on the Kogi stalemate is horrifying and appalling. If they are unable to inspire the country by a brilliant solution to the Kogi crisis, how can they be trusted to midwife real and visionary change? How can they be relied upon to build a new social and political order for the country? Given their amateurish approach to the Kogi crisis, and the elevation of intra-party competition above justice and fairness, perhaps with an eye on 2019, could the country expect them to tackle major political and legal challenges with fortitude, dispassion and brilliance? On the Kogi crisis, the APC has behaved appallingly by turning itself into a party without depth, without reason, without a core, and without a soul. It needs to urgently rediscover itself if it is not to self-destruct, if it is to arrest the imminent disintegration the struggle for power within its ranks is making inevitable.

    The balance of opinion and the weight of informed legal interventions in the Kogi impasse are decidedly in favour of enabling Hon Faleke to embody the victory wrought by the APC two Saturdays ago, as the two boxes below show. If INEC will not reverse itself but would prefer the courts to adjudicate, the APC must be clear-headed enough not to submit to the messy ethnocentrism and sectarianism complicating the Kogi stalemate. Grafting Mr Bello from Kogi Central onto the APC governorship ticket, as they have done, is legally and morally unsustainable and certain to complicate the state’s political dynamics as well as exacerbate the grief of Kogi East. It is now certain that the frustrations of those who looked up to the APC for real change are set to grow, compounded by the party’s dithering at the national level, the amateurishness it is manifesting in Kogi, and the obvious lack of motivation, purpose, direction and grit evident in its actions so far. More and more, the electorate will begin to fear that nothing is holding the APC’s centre together, that it is drifting, and that it may end up a flash in the pan. It may be okay to see and worry about the intensity of the Kogi crisis; but it is even more apposite to see the Kogi stalemate as a barometer of the weaknesses and lack of cohesiveness of the APC, and of the impending disaster staring the party in the face.

  • FG, States to share $150 million NLNG dividends

    FG, States to share $150 million NLNG dividends

    The National Economic Council (NEC) chaired by Vice President Yemi Osinbajo on Thursday approved the sharing of $150 million from $400 million Nigeria Liquefied Natural Gas (NLNG) dividend by the Federal Government and state government.

    The Council also approved that the balance of $250 million be invested in the Nigerian Sovereign Investment Authority in order to increase its capital.

    Osun State Governor, Rauf Aregbesola briefed State House correspondents at the end of the meeting.

    He was accompanied by Enugu State governor, Ifianyi Ugwuanyi, Minister of Budget and National Planning, Udoma Udoh Udoma and Deputy Governor of Nassarawa State.

    They briefed the press after about seven hours meeting at the Council Chamber of the State House, Abuja.

    Aregbesola said: “The Managing Director of the Sovereign Wealth Fund Authority presented the status report on the Nigerian Sovereign Investment Authority (NSIA) to the council. After due deliberations on the report, the council agreed that $250m from the $400m NLNG dividend be invested in the Nigerian Sovereign Investment Authority to increase its capital.

    “Council resolved that the balance of $150 million of the said $400 million NLNG fund be shared accordingly in the prescribed formulae at the Federation Account.

    “Council directed the Minister of Finance to constitute an executive nomination committee and work in consultation with NEC to appoint appropriate persons to take over as board members of the NSIA of the current board is dissolved,” he added

    On the report of government agencies generating revenues in foreign currency but remitting naira into the federation account, he said that the Council mandated the Ministry of Finance to investigate and report back.

    He also said that the Central Bank of Nigeria (CBN) was mandated to embark on sensitisation and public enlightenment on the forex policy and relevant laws and regulations in order to guide traders and others who encounter challenges regarding the movement of foreign currency across the nation’s borders.

    “We understood that some traders particularly in the East encounter challenges at the airports when they intend to go about their businesses,” he added.

    On the balance in the Excess Crude Account (ECA), he said: “At the end of the NEC meeting Thursday, the Accountant-General of the Federation reported that the balance of the ECA stood at $2.257 billion and that is not much change from the last report.”

    According to him, the Director General of PENCOM briefed the Council on the contributory pension scheme implementation effort and status of implementation by the states.

    Highlight of the briefing, he said, was on the sustainability of the pension arrangement, scorecards of the states in the implementation of the scheme, the challenges being faced by the states, opportunities and also the steps towards full implementation by the states.

    “The briefing also highlighted the need for the states to provide legal frameworks such as enacting state pension laws by those who have not done so, establishment of states pension agencies, consistent remittance of both employees and employers contributions and also full compliance of all provisions of the pension scheme,” he stated

    The governor also disclosed that the International Monetary Fund (IMF) Senior Resident Representative made presentation in a workshop for state governors during the Council meeting on Treasury Single Account (TSA).

    He said: “Presentations were made on the listed sub topics: implementation of TSA in states: lessons and experience; cash management and TSA reform: an overview of international practice; and budgeting reforms.”

    Under the AOB, he said, that the Council considered the need to reconstitute the members of the governing board of the Niger Delta Power Holding Company.

    In that direction, he said that the Vice President called for the nomination of new board members based on the six geo political zones.

  • Delta APC crisis: Committee makes recommendation to NEC

    THE Publicity Secretary of the Chief Joseph Adolor Okotie-Eboh led faction of the Delta State All Progressive, Congress, APC, Mr. Alex Eyengho, yesterday, at Oleh, Isoko South local government area of Delta State, advised the Mr. O. G. Ngofa led Six-Man Fact-Finding Committee to make appropriate recommendation to the National Working Committee, NEC, of the party.

    Eyengho who gave this advice during the Delta South fact finding meeting held in Oleh, Isoko North local government area, attributed the crises rocking the Delta APC over the years to those who were not part of the legacy parties but few members of the Democratic Peoples Party, DPP who came with the sole aim of hijacking the party.

    While urging the chairman of the fact-finding committee and also the National Deputy Secretary of the APC, Mr. O.G. Ngofa, to hear from all stakeholders of the party in the state, Eyengho posited that the merger parties that came together to form the All Progressives Congress were ACN, ANPP and CPC, saying there was no time DPP was part of the legacy parties.

  • Photo : Ambode attends NEC meeting at Abuja

    Photo : Ambode attends NEC meeting at Abuja

     Lagos State Governor, Mr. Akinwunmi Ambode (left) with his Kwara State counterpart, Alhaji AbdulFatah Ahmed (right) during the NEC meeting presided over by the Vice President, Prof. Yemi Osinbajo at the State House, Abuja, on Thursday.
    Lagos State Governor, Mr. Akinwunmi Ambode (left) with his Kwara State counterpart, Alhaji AbdulFatah Ahmed (right) during the NEC meeting presided over by the Vice President, Prof. Yemi Osinbajo at the State House, Abuja, on Thursday.

     

  • NUT threatens to shut primary schools indefinitely if…

    NUT threatens to shut primary schools indefinitely if…

    THE National Executive Council (NEC) of the Nigeria Union of Teachers (NUT) has threatened to direct its members to embark on a nationwide indefinite strike action if the proposed local government autonomy and scrapping of the State Joint Local Government Account sail through in the ongoing constitutional amendment.

    NUT’s National President, Comrade Michael Olukoya, who briefed newsmen at the end of the NEC meeting at its headquarters in Abuja, insisted that granting of LG autonomy would lead to total collapse of primary education in Nigeria.

    He urged the governors and members of State Houses of Assembly to stoutly resist the recommendation of the National Assembly in the recent proposed scrapping of the State Joint LG Accounts as contained in the Bill for an Act to further alter the provision of the 1999 Constitution.

    Olukoya said the implication of the LG autonomy was that payment of teachers’ salaries, pension contributory funds and payment of retirees would be left in the hands of Local Councils.

    According to him, the development would be a great setback to the efforts by the Federal and State Governments to revamp primary education in the country.

    He said: “The moment the constitutional amendment process is concluded against the wishes of the Nigerian teachers, we shall direct all schools in Nigeria to remain closed.

    “The mother of all strikes shall commence; because we have a responsibility to protect and defend our members.”

    NUT President lamented that the children of the poor who are the majority voters have been denied access to quality education while the children of public officials who formulate various policies leading to the decay being experienced today are sent overseas.

    He said the sad memory of the near-total-collapse of Primary Education between 1990 and 1994 when Primary Education came under the control of the LGs, was still very fresh.

    “At that time, the local government allocation from the Federation Account was increased from 15% to 20% to ensure that local councils comfortably assist the State Governments in the payment of salaries of the primary school teachers.

    “Unfortunately, primary education was never in the priority list of the LG Councils as virtually all of them resorted to owning the teachers their salaries for upwards of 6 to 12 months continuously.

    “Expectedly, the situation attracted incessant strikes from the deprived teachers which heralded a near total collapse of Primary Education in Nigeria.

    “The effect of that is still hunting the entire education sector till date,” he said.

    Olukoya insisted that granting of LG autonomy would spell doom for primary education nationwide and increase the hopelessness of poor Nigerians who would not have the opportunity of going abroad to receive quality education.