Tag: Senate

  • Drama over sitting arrangement in Senate

    Drama over sitting arrangement in Senate

    There was drama yesterday in the Senate over the sitting arrangements, following the resumption of the senators for plenary at the newly renovated chambers.

    The Senate had on March 20 adjourned plenary till April 16, but postponed resumption twice to allow for the completion of the chamber, which had been under renovation since 2022.

    However, a rowdy session was averted by Senate President Godswill Akpabio, who calmed down his colleagues and urged the aggrieved ones to direct their complaints about the sitting arrangements to the appropriate quarters.

    The plenary commenced at about 11:00am after Akpabio arrived the chamber and took his seat.

    After the statutory prayers by  him, he announced the names of senators whose birthdays took place during the recess.

    Shortly after that, some ranking senators said the seats allocated to them in the front row on the last right side of the aisle was not proper.

    Following Akpabio’s advice that they should channel their complaints to the right quarters, Senator Sahabi Ya’u (APC – Zamfara North) and.Senator Danjuma Goje (APC, Gombe Central) complained about the sitting arrangements to the Chairman, Senate Services Committee, Sunday Karimi (APC – Kogi West).

    But,  Senate Yemi Adaramodu (APC – Ekiti (South) denied that there was quarrel over sitting arrangements in a statement after the plenary.

    Read Also: Five class of ‘94 players who have coached Super Eagles

    He said: “There was no disagreement, rancour or any verbal tirade in respect of the sitting arrangements in the Senate chamber.

    “The Senate resumed today in the newly renovated chamber and the sitting positions of senators were done in accordance to the established legislative protocols.

    “It’s pertinent to know that rankings of senators and leadership positions are considered. All legislators all over the world know and accept this tradition.”

    He added: “The new arrangements in the chamber today did not depart from this. Every senator is thus considered based on this legislative tradition, hence, there couldn’t be any confusion over seating arrangements.

    “Senators have been observing this sitting protocols, even in the temporary chamber, hence, the unfounded story of a phantom fight over sitting arrangements is an unscrupulous attempt to drag the image of the Senate into an unnecessary and needless controversy.

    “The general public should disregard this odious song of sorrow from these incorrigible  wholesalers and retailers of falsehood.”

    Senate should partner with Tinubu over poverty eradication

    In his speech, Akpabio said the fight against poverty and hunger  must be total and relentless, urging the National Assembly to collaborate with President Bola Tinubu to tackle the challenges.

    He lamented insecurity in parts of the country and the recent increases in electricity tariffs and price of petrol.

    Akpabio said: “As representatives of the people, it is our duty to address these challenges head-on and work towards a better future for all.

    “Let us also not forget the importance of cooperation with our constituents. We were elected to represent their voices, hopes, and dreams.

    “It is through our engagement and partnership with them that we can truly make a meaningful impact on their lives and the development of our nation.

    “The National Assembly can only fly with two wings. Therefore, both the Senate and the House of Representatives must collaborate and cooperate and provide the wings for the National Assembly to fly and lift Nigerians up.

    “We must at all times collaborate and cooperate with the other arms of government, without compromising our Constitutional duties, in order for our democracy to thrive.”

    He added: “As senators, our efforts must be focused on restoring hope, righting wrongs, and upholding our commitments to the well-being of our people. Together, fueled by a renewed spirit of fraternity, unity, and solidarity, we must move forward and cooperate generously for the common good.

    “Throughout history, the spirit of cooperation has brought about tremendous progress. Let us pool our resources, talents, and ideas, while respecting our differences and convictions of conscience.

    “At the same time, let us not forget those trapped in the cycle of poverty. Our fight against poverty and hunger must be total and relentless, addressing its root causes and restoring dignity to the marginalized.

    “His Excellency, President, Commander-in-Chief of the Armed Forces of Nigeria, His Excellency Senator Bola Ahmed Tinubu, GCFR, and many fellow Nigerians are working tirelessly to tackle this issue. It is our duty to support and amplify their efforts. Let us support the Renewed Hope Agenda.

    “I am confident that we, as senators, can make a difference. We have been entrusted with an important role, and now is the time for courageous actions and strategies to drive this role.

    “Together, let us implement a culture of care and an integrated approach to combat poverty, restore dignity to the downtrodden, and protect our precious natural resources.”

    On insecurity and rising cost of utilities in the country, Akpabio said: “Shortly before we went on recess, our nation experienced events that shook our moral foundations. One of them was the callous ambush and murder of 17 soldiers on a peacekeeping mission in Delta State. This heinous act filled our hearts with deep sorrow, as it was one of the foulest deeds of our time.

    “The scars it left behind will serve as a constant reminder, urging us to strive for justice, security, and a better world.

    “No words can adequately express the depth of our grief, but let it be known that we are resolute in our determination to wage a war against insecurity to its logical conclusion.

    “I urge the Executive Arm to spare no efforts in bringing those responsible for this heinous act to justice.

    “We also witnessed the massive, fiery carnage on the East-West Road in Rivers State, which claimed five lives and caused destruction worth billions of Naira.

    “Additionally, other issues such as the increase in electricity tariffs and petroleum product prices demand our attention. These incidents remind us of the urgency and gravity of the challenges we face as a nation.

    “But what can we learn from these incidents? The loss of our soldiers reminds us of the grave threats we still face from insecurity and terrorism.

    “The tragic explosion in Port Harcourt, claiming innocent lives and causing widespread devastation, highlights the urgency of addressing safety measures and ensuring the well-being of our citizens.

    “The increase in tariffs and prices emphasizes the pressing need to address issues of affordability, inflation, and the overall well-being of our economy.

    “These events, among others, reinforce the fact that our nation is confronted with multifaceted challenges.”

    “They highlight the urgency and gravity of the issues we must confront, calling for our collective efforts to find sustainable.”

  • Senate: Persistent depreciation of Naira worrisome

    Senate: Persistent depreciation of Naira worrisome

    …pledges to partner executive to ensure stability

    The Senate on Sunday, April 28, raised concerns about what it described as “persistent depreciation of the Naira.” 

    The chairman Senate Committee on Finance, Senator Sani Musa (APC – Niger East) who raised the alarm in a statement in Abuja, however called for concerted efforts by all relevant stakeholders to stabilise the Naira.

    “The recent depreciation of the Naira underscores the need for proactive measures to safeguard the stability and resilience of our currency,” Musa said.

    The statement titled: “State of the Economy and Naira Depreciation,” reads: “The Nigerian economy is facing significant challenges, exacerbated by both internal and external factors.

    “Despite efforts to stabilize and bolster economic growth, the numerous initiatives and bold but necessary steps and policy decisions taken by President Bola Tinubu, the persistent depreciation of the Naira against major foreign currencies has become a pressing concern.

    Read Also: Lagos CP Adegoke Fayoade: I chose police job above university lecturer

    “The recent depreciation of the Naira underscores the need for proactive measures to safeguard the stability and resilience of our currency.

    “The Senate Committee on Finance is closely monitoring the situation and is committed to working collaboratively with relevant stakeholders to implement effective policies and strategies.

    “It is imperative that we address the root causes of Naira depreciation, including but not limited to fluctuations in global oil prices, fiscal deficits, and structural imbalances in the economy.

    “The Senate Committee on Finance is exploring a range of policy options to mitigate the impact of Naira depreciation and foster economic stability.

    “This includes robust oversight of fiscal policies, engagement with key stakeholders, and the formulation of targeted interventions to support key sectors of the economy.

    “It is also the hope of the committee that our economic managers will adhere strictly to the norms and standards set by this administration to ensure that we achieve the desired outcomes in taking Nigeria to its economic growth and prosperity.

    “As we navigate these uncertain times, I urge all Nigerians to remain vigilant and resilient. Together, we can overcome the challenges facing our economy and chart a path towards prosperity for all.”

  • JUST IN: Former Senate spokesman Ayogu Eze dies at 65

    JUST IN: Former Senate spokesman Ayogu Eze dies at 65

    A former spokesperson of the Senate, Ayogu Eze, is dead.

    He represented Enugu North during the 6th Senate and 7th Senate on the platform of the Peoples Democracy Party (PDP).

    He was aged 65, having been born on November 23, 1958.

    Eze reportedly died in an Abuja hospital after a protracted illness.

    According to reports, the late senator had been seriously ill, a situation that made him unable to attend his child’s wedding ceremony held earlier in the year in Lagos.

    He was a founding member of the PDP before he defected to the All Progressives Congress (APC), where he ran for the Enugu state governorship election.

    Read Also: Senate panel backs 18-year minimum entry age into tertiary institutions

    During his time in the Senate, he was appointed chairman of the Senate Committee on Information and Media, making him the official spokesperson of the Senate in 2007.

    After his reelection to the Senate in 2011, he was appointed chairman of the Committee on Works.

    Eze also served as a member of the Senate Committees on Police Affairs, National Planning, Marine Transport, and Federal Character & Inter-Government Affairs.

    In May last year, the Senate confirmed the appointment of Senator Eze and five others as Federal Commissioners in the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

  • Senate tasks stakeholders on strengthening commodities exchange

    Senate tasks stakeholders on strengthening commodities exchange

    The Senate has tasked relevant stakeholders in the Capital Market to strive hard to strengthen the commodities exchange toward actualising its full potential.

    Sen. Osita Izunaso, the Chairman, Senate Committee on Capital Market, said this at a workshop for members of the committee, with the theme “On Infrastructure Financing Development of the Commodities Ecosystem through Commodities Exchanges” in Abuja on Sunday.

    He said that executive and the legislature must work in harmony to ensure that commodities exchange was strengthened in line with the global best practices.

    Izunaso said that the workshop was aimed at positioning the community exchange toward ensuring food security in the country as well as enhance foreign exchange earnings.

    “We discover that people are talking about money market, capital market. Nobody is dwelling on commodity. So that is why we have to partner with Lagos Commodities and Futures Exchange to bring the story nearer home.

    “There must be need for us to ensure that all the export commodities in Nigeria should pass through the commodity exchange as a way of getting revenue for the country.

    “Commodities exchanges are game-changers. They enable investment diversification, manage risk, ensure fair pricing and streamline transactions.

    Read Also: Port Harcourt refinery 90% completed, says Senate committee

    “To boost Nigeria’s competitiveness, we need a thriving commodities trading ecosystem,” he said.
    Izunaso added:“Recent global events highlight the urgent need to diversify our economy. Prioritising and accelerating the development of non-oil commodities is crucial, especially to diversify foreign exchange sources.”

    He said that the Lagos Commodities Exchange had recorded some major achievements lately.
    recorded an upswing

    “This demonstrates the potential of the sector. Commodities Exchanges are a path to progress.There is a clear consensus,” he said.

    He also said that for Nigeria to overcome its challenges, economic diversification was essential adding that commodities exchanges could play a vital role in achieving the goals of job creation and economic growth.

    The lawmaker said that the Senate through legislation, would ensure that there were adequate legal frameworks for commodity exchanges, warehouses and financing.

    Also speaking, the Minister of State for Agriculture and Food Security, Sen. Sabi Abdullahi said the ministry had been working to reverse food inflation and stem food crisis in the country.

    He said that Nigeria had about 73 million hectares of arable land out of which only about 33 hectares were being cultivated.

    “With this, our productivity is still low. I believe there is a lot to be done to raise the productivity of farmers.”

    He said that to increase productivity, there was the need to improve on irrigation capabilities through dry season farming.

    “Our findings show that farmers are finding it difficult to fuel irrigation facilities.

    “We are suggesting that there are solar-powered irrigation pumps that members of the national assembly can use as part of their constituency programmes.

    “So as to empower their farmers who are involved in dry season farming so that together, we can increase our production and improve the volume of food available, thereby reducing the impact of food inflation and of course, guaranteeing food security for our citizens,” he said.

    (NAN)

  • Senate again postpones resumption till April 30

    Senate again postpones resumption till April 30

    The Senate on Thursday, April 18, postponed its resumption till April 30.

    The Clerk to the Senate, Chinedu Akubueze made the announcement in a terse message he circulated among Senators in Abuja

    The message titled: “For the information of Distinguished Senators: Notice of postponement of resumption reads: “Distinguished Senators are hereby, respectfully informed that resumption of plenary, which was earlier postponed to Tuesday 23rd April 2024, has further been postponed to Tuesday 30th April 2024 at 11 am.

    “Kindly note that the plenary sitting will be held at the main Chamber of the Senate. All inconveniences this postponement may cause Distinguished Senators are highly regretted, please.”

    The House of Representatives had on Wednesday also further shifted its resumption till April 30th.

    This is the second time the National Assembly is postponing its resumption after it took a break on March 22 to celebrate the Easter and Sallah festivities.

    First, it shifted its resumption from Tuesday, April 16 to Tuesday, April 23, and now it has moved it from April  23 to April 30.

    Read Also: Senate probes 774 federal agencies over alleged financial improprieties

    The House of Representatives had earlier said the postponement was meant to allow contractors renovating the main chambers of the National Assembly to conclude to enable lawmakers to conduct plenary in them on resumption.

    The Senate and House of Representatives had in July 2022 moved into makeshift chambers to conduct their plenaries following the commencement of repair works in the National Assembly Complex at a contract sum of N30billion.

  • Senate probes 774 federal agencies over alleged financial improprieties

    Senate probes 774 federal agencies over alleged financial improprieties

    The Senate is currently investigating 774 federal government agencies over alleged financial improprieties in queries raised against them in the 2019 report of the Auditor-General for the Federation (AuGF).

    The Chairman, Senate Public Accounts Committee (SPAC), Senator Aliyu Wadada (SDP  Nasarawa West), disclosed this yesterday in his country home in Keffi, Nasarawa State, while responding to questions from journalists.

    Wadada said while the panel is determined to discharge its responsibilities diligently in the best interest of the country, it is not out to victimise anyone.

    He said that the 10th National Assembly with the support of President Bola Tinubu and critical stakeholders in the nation’s economy would soon embark on the amendment to the 2007 Procurement Act to block loopholes of financial infractions before they take place.

    He nevertheless appealed to heads of government agencies at the federal, states and local government levels to embrace the spirit of self-discipline and fear of God in the discharge of their responsibilities.

    Read Also; How governors usurp Ifa’s role in choice of traditional rulers

    The Senator representing Nasarawa West said no matter how beautiful a law is, it would take godly citizens to implement it.

    Wadada said: “When I became the Chairman, Senate Public Accounts Committee (SPAC), I was emphatic on the need for President Bola Tinubu to appoint the substantive Auditor General for the Federation (AuGF).

     “I even wrote a letter to that effect to the President and he responded by appointing a substantive Auditor General for the Federation (AuGF).

    “The AuGF reports for the 2020, 2021, 2022 fiscal years were not all ready. It was only the 2019 Auditor General’s report that was then ready for us to take actions on.

    “The Auditor General’s report for 2020 was ready at the time I became the Senate Public Account Committee but it could not be signed by the acting Auditor General for the Federation.

     “As we talk, the 2020 Auditor General’s report is ready and the substantive AuGF has appended his signature to it.

    “The development is a confirmation that the Presidency under the stewardship of President Bola Tinubu is available, responsive and supportive of the committee on public accounts in the two chambers of the National Assembly.

    “We have since started work on the 2019 Auditor General’s report before us.

    “Under my chairmanship of this sensitive and strategic committee, I have repeatedly said that we are not out to witch-hunt or pull down anybody.

    “Our ultimate objective vis-a-vis the primary focus of the committee is to ensure transparency and accountability in the management of public funds.

    “All we are out for is to identify what went wrong in the past, how they went wrong. Going forward, what measure do we take to forestall their reoccurrence? That’s all.”

     “I have been quiet about the activities of the committee because the sensitive nature of our assignment does not permit us to be talking anyhow.

     “If we talk about or say everything we see in the reports of the Auditor General, we might end up setting the citizens against the government.

    “So many things are wrong, not only because of corruption per se, some are systemic in nature.

    “What we have in most cases is garbage in and garbage out. If financial reports are not well documented to produce the required results in an audit, that means something would go wrong.

    “We are seriously working on the assignment before us. So far, some level of achievements had been recorded and we are still engaging with heads of ministries, departments and agencies of the Federal Government.”

  • Senate probes 774 federal agencies over alleged financial improprieties

    Senate probes 774 federal agencies over alleged financial improprieties

    The Senate is currently investigating 774 federal government agencies over alleged financial improprieties in queries raised against them in the 2019 report of the Auditor-General for the Federation (AuGF).

    The chairman of the Senate Public Accounts Committee (SPAC), Senator Aliyu Wadada (SDP-Nasarawa West), disclosed this on Friday, April 12, in his country home in Keffi, Nasarawa state, while responding to questions from journalists.

    Wadada said while the panel is determined to discharge its responsibilities diligently in the best interest of the country, it is not out to victimise anyone.

    He said that the 10th National Assembly with the support of President Bola Tinubu and critical stakeholders in the nation’s economy would soon embark on the amendment to the 2007 Procurement Act to block loopholes of financial infractions before they take place.

    He nevertheless appealed to heads of government agencies at the federal, state and local government levels to embrace the spirit of self-discipline and fear of God in the discharge of their responsibilities.

    The Senator, representing Nasarawa West said no matter how beautiful a law is, it would take godly citizens to implement it.

    Wadada said: “When I became the chairman of the Senate Public Accounts Committee (SPAC), I was emphatic on the need for President Bola Tinubu to appoint the substantive Auditor General for the Federation (AuGF).

    “I even wrote a letter to that effect to the President and he responded by appointing a substantive Auditor General for the Federation (AuGF).

    “The AuGF report for the 2020, 2021, and 2022 fiscal years were not all ready. It was only the 2019 Auditor General’s report that was then ready for us to take action on.

    Read Also: Eid-el-fitr: Let’s hold fast lessons from Ramadan – Senate leader

    “The Auditor General’s report for 2020 was ready at the time I became the Senate Public Account Committee but it could not be signed by the acting Auditor General for the Federation.

    “As we talk, the 2020 Auditor General’s report is ready and the substantive AuGF has appended his signature to it.

    “The development is a confirmation that the Presidency under the stewardship of President Bola Tinubu is available, responsive and supportive of the committee on public accounts in the two chambers of the National Assembly.

    “We have since started work on the 2019 Auditor General’s report before us.

    “Under my chairmanship of this sensitive and strategic committee, I have repeatedly said it that we are not out to witch-hunt or pull down anybody.

    “Our ultimate objective vis-a-vis the primary focus of the committee is to ensure transparency and accountability in the management of public funds.

    “All we are out for, is to identify what went wrong in the past, how they went wrong. Going forward, what measures do we take to forestall their reoccurrence? That’s all.

    “I have been quiet about the activities of the committee because the sensitive nature of our assignment does not permit us to be talking anyhow.

    “If we talk about or say everything we see in the reports of the Auditor General, we might end up setting the citizens against the government.

    “So many things are wrong, not only because of corruption per se, some are systemic in nature.

    “What we have in most cases is garbage in and garbage out. If financial reports are not well documented to produce the required results in an audit that means something would go wrong.

    “We are seriously working on the assignment before us. So far, some level of achievements have been recorded and we are still engaging with heads of ministries, departments and agencies of the federal government.

    “They are still appearing before our committee to answer the queries they have against them as far as the 2019 Auditor General’s report is concerned. That’s the situation at the moment.

    “There are also, status enquiries where we are looking into the financial transactions of revenue generating agencies like the Nigerian National Petroleum Corporation Limited (NNPCL), the Nigerian Maritime Administration and Safety Agency (NIMASA),   among others which are before us for scrutiny.

    “We are currently looking into the books of 774 MDAs to see what was appropriated to them and check whether they judiciously utilized the funds.

    “As events unfold, we shall be compiling our reports on a quarterly basis and we would be making them public after their adoption by the Senate in plenary.”

    On the 2007 Procurement Act, Wadada said: “Everything in life is dynamic. Changes happen every day and as human beings, we have to be dynamic and live with changes.

    “If we look at the Procurement Act, vis-a-vis what obtains in the current economic reality, an amendment is imperative and the 10th Senate is committed to doing the needful on the legislation.

    “However, it is not just amending the Act that would reduce the corruption that is endemic in the system.

    “We need to imbibe the spirit of self-discipline as leaders. As religious as we are in Nigeria, permit me to say that many people are ungodly.

    “That is why the level of corruption in the system is so high. Otherwise, how much money do we really need to live a good life?

    “We should have the fear of God in our mind while discharging our official responsibilities.

    “The human mind is corrupt but with the fear of God, we would shun materialistic tendencies.

    “The founding fathers of our country and our early leaders did the best they could to establish institutions that provided jobs for millions of young people and made the nation, productive.”

  • Senate postpones resumption till April 23

    Senate postpones resumption till April 23

    The Senate has postponed its resumption earlier scheduled for Tuesday April 16, 2024 till April 23.

    The information about the postponement was contained in a terse message to senators signed by the Clerk to the Senate, Chinedu Akubueze.

    Senators and House of Representatives members are currently observing Easter and Sallah break.

    The House of Representatives had on Friday also postponed its resumption till April 23.

    According to the Clerk to the House of Representatives, Yahaya Danzaria, the shift in date of resumption was to allow the main chambers of the House currently being renovated to be made ready for lawmakers upon resumption.

    Read Also: New tariff: Discos get April 11 deadline to refund customers wrongly billed

    However, Akubueze, in his statement, attributed the postponement of Senate’s resumption to “unforeseen circumstances.”

    The message titled: “For the information of Distinguished Senators” reads: “Distinguished Senators are hereby invited to note that the resumption of the plenary sitting of the Senate, which was scheduled for Tuesday, 16th April 2024, has been postponed to Tuesday 23rd April 2024.

    “This postponement is owing to unforeseen circumstances, and any inconvenience this may cause is highly regretted, please.”

  • BREAKING: Senate postpones resumption till April 23

    BREAKING: Senate postpones resumption till April 23

    The Senate has postponed its resumption scheduled for Tuesday April 16, 2024 till April 23.

    The postponement was contained in a terse message to Senators by the Clerk to the Senate, Chinedu Akubueze.

    Senators and House of Representatives members are observing Easter and Sallah break. 

    The House of Representatives on Friday also postponed its resumption till April 23.

    According to the Clerk to the House of Representatives, Yahaya Danzaria, the shift in date of resumption was to allow the main chambers of the House currently being renovated to be made ready for lawmakers upon resumption. 

    However, Akubueze in his statement, attributed the postponement of Senate’s resumption to “unforeseen circumstances.”

    Read Also: 2027: No plot can stop Tinubu’s eight years, Akpabio’s Senate Presidency – Nabena

    The message titled: “For the information of Distinguished Senators” reads: Distinguished Senators are hereby invited to note that the resumption of the plenary sitting of the Senate, which was scheduled for Tuesday, 16th April 2024, has been postponed to Tuesday 23rd April 2024.

    “This postponement is owing to unforeseen circumstances, and any inconvenience this may cause is highly regretted, please.”

  • Senate’ll make position known on electricity hike on resumption, says spokesman

    Senate’ll make position known on electricity hike on resumption, says spokesman

    The Senate said it will make its position on the 300 per cent increase in electricity tariff for Band A customers known on resumption from its current break.

    The Red chamber will resume plenary on Tuesday April 16 from Easter and Sallah break.

    The Nigerian Electricity Regulatory Commission (NERC) on Wednesday announced a 300 per cent hike in tariff paid by Band A consumers with immediate effect. It said they are now to pay N225/kwh from N66.

    According to NERC, Band A customers are those who enjoy 20-hour of electricity supply daily.

    The NERC also revealed that customers under the Band A category represents 15 per cent of the about 12million electricity customers in Nigeria.

    The Chairman Senate Committee on Media and Public Affairs, Senator Adeyemi Adaramodu (APC – Ekiti South) spoke to reporters on Thursday.

    He however said the red chamber would not abandon Nigerians at this critical moment.

    Adaramodu said relevant Committees of the Senate are  monitoring the situation closely and would take a position favourable to Nigerians on its resumption.

    Read Also: 2027: No plot can stop Tinubu’s eight years, Akpabio’s Senate Presidency – Nabena

    He said: “The relevant Senate Committees on Power are  studying the situation.

    “You know we are on recess now. When we resume, they will present their findings to the Senate at plenary. We won’t abandon Nigerians.”

    Adaramodu added that the Senate would not show indifference to any policy that would add to the economic challenges confronting Nigerians.

    The Senate had in February this year rejected moves by the Ministry of Power to approve the proposed hike in tariff by the Electricity Distribution Companies.

    The Senate also rejected plans to remove electricity subsidy given the present hardships in the country.

    The Red Chamber also had directed its Committee on Power to investigate the N2trillion required for electricity subsidy payment, other debts owed in the sector and the state of metering in the country.

    The Senate resolutions were sequel its consideration and adoption of a motion moved by Senator Aminu Abbas (PDP – Adamawa Central) during plenary on the need to retain subsidy on electricity in the country for the foreseeable future.