Tag: tinubu

  • PTD urges Tinubu to intervene in union crisis

    PTD urges Tinubu to intervene in union crisis

    The National Executives of Petroleum Tanker Drivers (PTD) Branch of Nigeria Union of Petroleum and Natural Gas Workers  (NUPENG) under the control of Comrade Lucky Osesua has appealed President Bola Tinubu to intervene in the crisis rocking the union.

    The call was contained in a press statement that the National Chairman, Comrade Lucky Osesua and National Secretary, Comrade Humble Obinna Power jointly issued in Abuja yesterday.

    The union leaders took a swipe at the parent body for engaging in forum shopping, blackmail, contempt of Court and using sentiments to foist their illegal leadership on the Federal Government and other stakeholders in the oil and gas industry as a fait accompli.

    Seeking Tinubu’s intervention, the union leaders said, “We therefore appeal to our listening and labour-friendly President Bola Ahmed Tinubu and the Labour Minister, to, in the interest of peace and industrial harmony intervene in this very disturbing and ridiculous situation by recognizing the legitimacy of PTD National Executives under the leadership of Comrade Lucky Osesua and his Deputy Comrade Dayyabu Yusuf Garga.”

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    The statement urged the government and other industry stakeholders to relate with Osesua and Garga led PTD as the only legitimate, constitutionally recognised executives of the PTD Branch of NUPENG.

    The statement added that “Once again PTD must be allowed to breathe such that its members could peacefully and conveniently be proud and better for what they are doing as they continue to traverse the length and breadth of Nigeria through distribution and transportation of Petroleum products and supply of gas to Nigerians in their homes, offices and factories.”

    The Osesua leadership, which emerged at the election in Abuja, which is the venue prescribed by the Union’s bye law, said the illegal leadership that emerged from a Kangaroo election in Ibadan was desperate to force stakeholders into accepting it.

    It said that the illegal leadership could not avail itself legitimacy by serially violating the sanctity of the Branch’s bye-law and other legal methods of conducting Delegates Conference.

    According to PTD in a press statement, the election which purportedly produced Augustine Egbon as the Chairman lacked legitimacy ab-initio.

    PTD however appealed to the Federal Government especially President Bola Tinubu, the Minister of Labour and Employment, Simon Lalong and other key players in the industry not to seek legitimacy for National executives of PTD elsewhere except the one by Comrade Lucky Osesua and Comrade Dayyabu Yusuf Garga.

    The statement reads in part: “The National executive of the Petroleum Tanker Drivers (PTD) Branch of NUPENG has condemned the pitiful posture of our parent union which has been solely hijacked by the General Secretary, Afolabi Olawale, by engaging in forum shopping, blackmail, contempt of Court and using sentiments to foist on Federal Government and other stakeholders in the oil and gas industry the purported legitimacy of the leadership.

    “The union now totters and wobbles as it screeches towards a dangerous and avoidable canyon of dry bones, as its staff members and branch members can no longer recognise their union which has been battered by men and women from the dark womb of time; unfortunately it is not clear if there could be any glimmer of hope to reclaim it from its impending slide to anarchy and total collapse under the current leadership of Williams Akporeha (President), Afolabi Olawale and the Otunba Salimon Akanni Oladiti (National Trustee).

    “This ugly episode started when the power-drunk General Secretary of NUPENG, Mr Afolabi Olawale tried to manipulate and circumvent the bye-law of the Petroleum Tanker Drivers (PTD) Branch of NUPENG by holding Delegates Conference in Ibadan, Oyo State, contrary to the provisions of the bye-law which clearly gives Abuja as a legally recognized venue for the election.

    “Yet, in flagrant defiance to Court order, they went ahead and held an illegal Conference despite the Court injunction, which barred them from doing so.

    “Consequently, many protests were staged across the Zones of the union including the National Secretariat in Jibowu Lagos, but NUPENG brazenly turned deaf ears; this is totally unacceptable and truly showed the leadership does not mean well for the union and its members especially the PTD Branch.

    “However, some of us who are law abiding and truly mean well for one-time Trade Union which was built and nurtured by Chief (Comrade) Frank Ovie Kokori with the objective to protect the interest and foster better working conditions for the blue collar employees in the Nigeria’s oil and gas sector converged on Abuja on Tuesday, 31st day October, 2023 had our own election which brought Comrade Lucky Osesua on board as the National Chairman and Comrade Dayyabu Yusuf Garga emerging as Deputy National Chairman respectively.

    “Please for the purpose of clarity, Augustine Egbon is not and can never be the National Chairman of PTD and that is what the law says. Afolabi, Williams and Oladiti know this fact but they only want to circumvent the law and as well take pleasure in stirring up a hornets’ nest and to destroy the union, but the truth is that they cannot be bigger than the Court of the land neither do they have the powers to bring down the union to satisfy their thirst for avarice, contempt and unholy plot best known to them.

    *The stake in PTD, particularly access to administrative, operational and economic incentives and other opportunities cannot be left in the hands of stooges who want to steal blindly the common patrimony of PTD under the whimps and caprice of Afolabi who has personally pocketed the entire union.

    “Above all, PTD is already awake and cannot continue to allow its employees to remain its tormentors and exploiters. The trio of Comrades Akporeha, Afolabi and Oladiti should be called to order before they set the union on the verge of Precipice.”

  • Tinubu celebrates veteran politician Yakasai at 98

    Tinubu celebrates veteran politician Yakasai at 98

    President Bola Tinubu has celebrated elder statesman and founding member of the Arewa Consultative Forum (ACF), Alhaji Tanko Yakasai, on his 98th birthday.

    A statement yesterday in Abuja by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, conveyed the President’s message to the elder statesman.

    “The President joins the Yakasai family, friends and associates in celebrating the distinguished figure who has devoted his life to fight for the unheard masses of our country as well as for justice, the rule of law, and the enthronement of good governance and transparency in public service.

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    “The President describes the elder statesman as a patriot and one of the noblest men in Nigeria’s history,” the statement said.

    It also said the President prayed that the anniversary of Yakasai’s birth would bring fulfilment to the important causes the statesman had boldly fought for.

    “May the good Lord grant the nonagenarian longevity and happiness,” the statement added.

  • President Tinubu: Six months and beyond

    President Tinubu: Six months and beyond

    In President Bola Ahmed Tinubu’s 100th day in office, he was in faraway New Delhi in India, attending the G-20 Leaders Summit to which he had been invited as one of nine guests of world leaders. I had argued before then that he should avoid the first 100 days jamboree and the attendant media blitz, given the plethora of problems he met in office and which he needed time to resolve (see History and mythology of the first 100 days, The Nation, June 14, 2023, and Avoidable trap of the first 100 days, The Nation, August 23, 2023). I submitted that the press should give him six months to set his agenda. Indeed, governance and development experts, from the late Dr Henry Kissinger to our own Professor Ladipo Adamolekun, favour six months as a good take-off trajectory. They argue that a leader, whose policies and governance direction are unclear after six months in office, is hardly worthy of the position.

    In Tinubu’s case, three major considerations led to the rejection of the first 100 days jamboree. First, President Tinubu needed time to unite the country, given the divisiveness that attended and followed the competitive election that brought him to power and the protracted litigation that followed. True, he won the election fair and square and according to all applicable laws. Nevertheless, with only 36.61% of the votes, nearly twice as many people voted against him than for him. Rather than close the divisions, the consecutive court judgments in Tinubu’s favour in the election cases further aggravated the divisions, partly due to the investment by his competitors in litigating his victory and partly due to the false expectations they had sold to their supporters.

    Read Also: Cash crunch hits Akure

    Second, although candidate Tinubu prepared an elaborate manifesto, detailing what he would like to do and achieve as President, he did so as an outsider. He needed to be in government to know what exactly was in store for his administration. And what he found was not pretty. A corporate accountant that he was before venturing into politics, it was one thing for him to know in advance that the economy he inherited was depressed. But it was another thing to realise that the national treasury was empty as the National Security Adviser, Mallam Nuhu Ribadu, would reveal later.

    Third, although the National Bureau of Statistics claims to maintain a database on a variety of national issues, those figures are doubtful, largely because we don’t even know how many we are as a people since our last census, controversial as it was, went back to 2006! On the economic front he needed full access to the national accounts in order to fully grasp the enormity of the economic problems. As a result, time and care were needed to plan well.

    The above obstacles notwithstanding, Tinubu engaged in major activities and took consequential economic policy decisions within the first 100 days that could shape the development of the nation and the welfare of the citizens for years to come. Four of the policies included the removal of fuel subsidy; the unification of the exchange rate; the establishment of student loans; and the development of nation-wide palliative measures. Fuel subsidy had to go because the subsidy funds were going only into a few pockets. Similarly, the exchange rate had to be unified because the Central Bank, under disgraced Godwin Emefiele, had established multiple exchange systems to favour different categories of buyers! Both systems were a shorthand for corruption. A third policy was the establishment of an elaborate system of palliatives to cushion the effects of these two major policy decisions (see Akinnaso, The President’s speech on the economy, The Nation, August 2, 2023).

    Also, within the first three months, Tinubu appointed and inaugurated his cabinet and gave them mandates to work on over the next three months. He and Vice-President Kashim Shettima also took advantage of various meetings of world leaders to sell Nigeria to various investors, while also establishing bilateral relations and deepening existing ones. These engagements were necessary, given the gradual death of manufacturing and industrial production over the years as well as the level of infrastructural decay, resulting in the present depressed state of the Nigerian economy.

    Over the next three months, several more appointments were made, and the administration engaged in more preparations, leading to the game-changing cabinet retreat of November 1-3, 2023, in the sixth month of the administration. The retreat introduced at least three novelties to governance at the federal level, namely, (1) performance bonds, which outline the mandates for various ministries, the key performance indicators, and the timeline for performance evaluation; (2) a Results Delivery Unit, which details the evaluation mechanisms, including performance metrics and delivery tracking templates for periodic measurements of progress; and (3) a performance monitoring mobile App with which citizens can monitor the performance of particular ministers and projects, thus ushering in an era of accountability and inclusive governance.

    Unfortunately, however, the suffering masses, crushed by the economic impact of escalating inflation, fuelled by the removal of fuel subsidy and the unification of multiple exchange rates, have been the focus of the media. It matters no more that the President was praised initially for these bold policies by local and international economic experts. Citizens, of course, don’t live in the past. They live in the moment and hope for a better future. Given the raging sting of the economic bite on citizens at the moment, they can only look into the future with squinty eyes.

    It is within this context that the outcry has been loud against certain government acts and practices people view as superfluous, if not profligate. They wonder, for example, why over a thousand Nigerians participated recently in the climate conference in Dubai, and why the Federal Government would sponsor as many as 422 of them in these austere times. There were also other teething problems reflected in appointments and in mixed messages.

    While questioning government intentions on these matters, it is also the duty of the press to educate the public about the nature of government and why government’s economic policies need time to mature. The government’s own communication with the public on its programmes also needs significant improvement. It is not enough to announce a policy, especially one that touches the people’s lives directly, such as the removal of fuel subsidy. It is even more important to follow it up with public education programmes, even in local languages, and to encourage Nigerians to hope for a better tomorrow.

  • Tinubu, Ondo impasse and resolutions

    Tinubu, Ondo impasse and resolutions

    Ondo State cannot afford to be at war with itself, writes Jimoh Ibrahim

    The events in Ondo State will soon play out the thesis that liberalism is for absolute peace for the security of humanity. It is needless to engage in war for the peace of the state, and the realist that triggers war in Ondo State must be ready for collaboration and cooperation as President Tinubu posited; in any event, difficult times don’t last long. Ondo State cannot afford to be at war with itself. Regrettably, the realists at the centre of power accumulation in Ondo State are epiphenomena. We know their master, and it is in the democratic peace arena that we shall be engaging their power by democratic votes! They may get no votes in the reality of a democratic election measurable to the power they need now. Otherwise, they should challenge Aketi in a new election and become the Governor!! President Tinubu took power even when the maximum ruler and the head of the realists in Daura kept petrol and currency from 200 million people! President Tinubu was sure of himself as a liberal democrat.

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    Let us not forget that “politics is a power struggle.” Even in the most hospitable circumstances, the human condition is precarious because we are all unavoidably exposed. Yes, as Hobbes in ‘States of Nature,’ every human being is a potential threat because the struggle for survival in a world of limited resources is a ‘war of all against all.’ Hobbes thought that putting a government in place is an excellent way of guaranteeing security! In a world without a government to enforce order – a condition that Hobbes calls the state of nature – every human must be vigilant against threats to survival. A world without Government, he claims, forces humanity into a constant state of war because there is no way to trust in the excellent or peaceful intentions of others. We must always be on our guard lest we be attacked. This condition – in which no ruler or judge can resolve disputes and establish security – is anarchy. In a lawless world, Hobbes argues that our lives must revolve around survival, leaving no time for agriculture, the arts, or sciences conditions of anarchy; Hobbes says, ‘the life of man [is] solitary, poor, nasty, brutish, and short”.

    As I replied to Hobbes in my PhD War thesis, it is also the case that the Hobbesian phenomenon underscores man’s aggressiveness in the state of nature that requires the leviathan’s intervention. In the face of the Buhari government, Boko Haram created a condition in the Northeast that makes the life of man [is] solitary, poor, nasty, brutish, and short”—a celebration of the leviathan’s failure.

    Aketi case is not that of abuse of power as we saw in Darfur, where Sudanese President Omar al-Bashir was charged by the International Criminal Court (ICC) with war crimes against humanity. There is a Government in Ondo State. Aketi is not the Government but the Head of that Government. We have never had issues with the apparatus of Government and Governance (apologies to the sociologists). Aketi will be back, and this time shall pass!

    • Ibrahim PhD (Cantab), CFR, is a senator of the Federal Republic of Nigeria

  • Tinubu back in Abuja after COP28 outing in Dubai

    Tinubu back in Abuja after COP28 outing in Dubai

    President Bola Tinubu has returned to Abuja after a six-day outing in Dubai, the United Arab Emirates (UAE) where he participated in the ongoing United Nations Climate Change Conference (CoP28) and some other sidelines engagements.

    Tinubu, who departed Nigeria last Wednesday, arrived the Nnamdi Azikiwe International Airport, Abuja, on return, at about 6:45pm.

    While in Dubai, the President witnessed the signing of an accelerated performance agreement aimed at expediting the implementation of the 12,000 megawatts Presidential Power Initiative (PPI), to improve electricity supply in Nigeria.

    On Saturday, he joined a panel on African Green Industrialization, which was organised by the CoP28 Presidency and the President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan, telling global leaders that risk management is vital for Africa’s full and swift transition to cleaner energy.

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    While speaking at a high-level meeting with stakeholders and investors on the Nigeria Carbon Market and Electric Buses Rollout Programme, President Tinubu said Nigeria is taking a significant step towards a sustainable and eco-friendly future by introducing a pioneering initiative to deploy a fleet of 100 electric buses.

    Highlighting some of the investment and partnership opportunities, as well as benefits accruing to the country from the CoP28 in a statement, Minister of Information and National Orientation, Mohammed Idris, listed some of the earlier mentioned positives.

    “Nigeria and Germany signed an accelerated performance agreement to expedite the implementation of the Presidential Power Initiative (PPI) to improve Nigeria’s electricity supply. The agreement was signed by Mr. Kenny Anuwe, the Managing Director and CEO of FGN Power Company, and Ms. Nadja Haakansson, Siemens Energy’s Senior Vice President and Managing Director for Africa, at a ceremony witnessed by President Tinubu and Chancellor Scholz.

    “President Tinubu hosted a high-level meeting with stakeholders and investors on the Nigeria Carbon Market and the Electric Buses Rollout Programme on the margins of the COP28 climate summit.

    “The President unveiled the Nigeria Carbon Market Activation Plan, co-chaired by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, and the Director-General of the National Council on Climate Change (NCCC), Dr. Dahiru Salisu.

    “The Electric Buses program is only the first step in a series of innovative, clean, modern, and sustainable initiatives across diverse sectors, all aimed at simultaneously addressing climate change-related challenges, reducing carbon footprint, modernizing infrastructure systems, and positioning Nigeria as an attractive destination for global investments.

    “Nigeria stands to benefit from the Loss and Damage Fund established during COP-27 in Egypt and formally operationalized at the opening plenary of COP-28 in Dubai. The Fund will provide substantial non-debt financing to support countries most affected by the impact of climate change. Hundreds of millions of dollars have already been pledged as contributions to the Fund.

    “The President also met the President of UAE to concretize engagements between the two countries. This is aside from the bilateral talks held with several countries and multilateral partners,” Idris said in his statement on Monday.

  • Tinubu orders investigation into Kaduna village bombing

    Tinubu orders investigation into Kaduna village bombing

    President Bola Tinubu has ordered a swift and thorough investigation into the military bombing of Tundun Biri village, Igabi council area of Kaduna State on Sunday night during a routine air raid of suspected terrorists.

    The military was reported to have accidentally fired at a group of villagers celebrating an Islamic anniversary in the village. The Army has claimed responsibility for the ‘friendly fire’

    Reports on various media platforms have put the death toll in the incident at between 30 and 85 persons while dozen others were said to have been left injured. Search and rescue operations also commenced for more victims.

    Read Also: Tinubu’ll deploy experience for Nigeria’s progress, says Bello

    In a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, President Tinubu sympathised with the families of the victims, even as he directed that the injured be given adequate medical attention.

    “President Bola Tinubu sympathizes with the families of victims, the people and government of Kaduna State over the bombing mishap in a village at Tundun Biri in Igabi Local Government Area of the state.

    “President Tinubu describes the incident as very unfortunate, disturbing, and painful, expressing indignation and grief over the tragic loss of Nigerian lives.

    “The President directs a thorough and full-fledged investigation into the incident and calls for calm while the authorities look diligently into the mishap.

    “The President also directs swift and comprehensive medical attention for surviving victims while praying for the repose of the souls of the deceased,” the statement reads.

  • Tinubu’ll deploy experience for Nigeria’s progress, says Bello

    Tinubu’ll deploy experience for Nigeria’s progress, says Bello

    The former Speaker of the Kogi State House of Assembly, Abdullahi Bello has described the President Bola Tinubu-led administration as the most experienced the country has ever had.

    In a telephone chat with The Nation from Abuja, the one-time Kogi State Acting Governor asserted that President Tinubu was elected at a time when Nigeria was already experiencing socio-politic difficulties.

    On the just-concluded off-season governorship election in Kogi, he stated that the emergence of Alhaji Ododo Ahmed Usman as the All Progressives Congress (APC) standard bearer and his eventual victory at the polls remains acceptable, even as he called on all to join hands with him in the overall interest of the state.

    He said: “Ododo was an accepted candidate to me and my political followers across the state. Those who are against his emergence and victory at the polls should take the interest of the stability, peace and progress of the state into consideration.

    “Having presided over the legislative arm of government and briefly had a stint as Acting Governor of Kogi State in the past, there are many who, in most cases, listen to my wise counsel on the choice of direction in terms of election in our state.

    “Those who are not happy about the outcome of his victory may have reasons for feeling so. This is natural, but they should be reminded that the people and the state come first and that the Constitution provides for steps to be taken if any citizen, association or group feels unsatisfied with any matter that may arise as a result of our daily activities.

    “Violence doesn’t solve problems, but compounds it and could also cause permanent damage to our already fragile situation in Kogi State.”

    Read Also: Tinubu taking bold decisions to change Nigeria’s economic fortune, says Shettima

    He enjoined Nigerians to rally around the present administration, saying improvement was already being felt in critical areas of our economy.

    His words: “President Tinubu was elected when our country was almost in a socio-economic and political comatose. Our circumstance was such that almost every part of our country was battling one peculiar or unique crisis or the other, coupled with the intentionally anti-people naira redesign policy and the fuel subsidy crisis.

    “All these were booby traps set against President Bola Ahmed Tinubu’s administration. However, there are signs of recovery and greatness ahead.

    “At least for the first time in our political history, we have two experienced individuals President Tinubu and Vice-President Shettima, who have both executive and legislative backgrounds as president and vice-president respectively. I have absolute trust in their capacity and capabilities because they know the purpose of governance, which is crucial.

    “I appeal to Mr President to consider the Northcentral zone in terms of appointments into strategic positions for fair representation.”

  • Tinubu vs Mbah

    Tinubu vs Mbah

    When I saw Governor Peter Mbah of Enugu State in a photo-ops at the presidential villa last week, with President Bola Ahmed Tinubu (PBAT), I had the feeling that my state governor is grappling with the political dynamics of the emergent Tinubu era. In my piece on: “Southeast geopolitical interests” after the Supreme Court affirmed the election of PBAT beyond every reasonable doubt, I urged the opposition politicians of the south-east zone to engage in political détente with PBAT for obvious reasons.

    For the first time since the present republic, we have a dyed in the wood politician at the helm of the nation’s affairs. Tinubu is unlike his predecessors, who were drafted by external forces into the presidential palace. Starting from Olusegun Obasanjo, who was moored into the presidency by the military oligarchs, to Umaru Musa Yara’Adua who was drafted military-style by Obasanjo into the office, to Goodluck Jonathan whose good luck impelled into the presidency, and finally Muhammadu Buhari whose fabricated messianic robe propelled to power, none craved and crafted his way to the presidency like Tinubu.

    So, here you have someone who had desired to be a president, who has prepared for it, and whose every political move is likely to be premeditated. When I read about the nomination of veteran Dave Ogbodo, to the Nigerian National Petroleum Limited’s board of directors, I surmised that perhaps Peter Mbah is pulling the right chord in the presidency. I confirmed when I saw the pictures in the newspaper days after, showing Peter Mbah, shaking the president in an appreciative manner.

    Read Also:: President Tinubu approves appointment of Immigration CG

    While physically, Mbah and PBAT belong to similar species, they also share more in common. They were both successful technocrats before venturing into politics. While PBAT rose to the top management cadre in the multinational Mobil Oil company, Mbah nurtured his Pinnacle Oil and Gas company to become one of the biggest in Nigeria. So, both are wealth creators and successful human and material resources managers. Interestingly, their forte is the domain of the nation’s economy – oil and gas.

    As governor, PBAT is reputed to have turned Lagos from a struggling sub-national economy, to an economic behemoth, which presently is ranked as the fifth largest economy in Africa. PBAT met Lagos’ internally generated revenue at paltry N600 million, but within eight years, raised it to N5 billion. On his part, Mbah has promised to turn Enugu State from a $4.4 billion economy to a $30 billion economy in eight years. An obviously ambitious plan for a civil service economy. But coming from the private sector, Mbah claims to know the way to achieve that quantum leap.

    PBAT’s era in Lagos is reputedly transformative. Most of the big ticket projects, including the recent Blue Railway line that has taken Lagos by storm, were conceived during Tinubu’s time as governor. Mbah has promised to be transformative, and has shown signs that he meant business. The most audacious sign is the restoration of water supply to Enugu metropolis. Many considered the plan to get taps that had dried for two decades running again within 180 days from May 29, as over ambitious. Surprisingly, as the clock ticked to the promised time, some of the taps are running.

    My attention to Mbah’s miracle of water started a few weeks before the 180 days. A senior cousin of mine living in Emene, a suburb of the state, called to discuss family issues, and in the cause of our discussion, he talked about how state government agents were laying water pipes in his area. Obviously excited, he looked forward to enjoying pipe borne water in Emene. But he mentioned that some people were making the right of way a tough call for the workers.

    While praising Peter Mbah for the miracle of water in Enugu urban, this column urges him to also restore water supply to the villages too. For example, for many years, from Lagos, and elsewhere where the people of Ogwofia-Owa resided, my kiths and kin have contributed resources to pipe water from Ajali water scheme, to the nooks and cranny of the town. In my village Amofia, we have three community sponsored sources from the scheme, each time seeking to gain a better supply.

    Each of the community effort was done without any support from the state government. But until the forceful appropriation of community lands and its resources under the Land Use Decree, Ogwofia-Owa with other communities around it owned the proprietary rights over the Ajali river which became the major source of water supply to Enugu State for years. Following the failure of other state water schemes, or perhaps the ballooning of the population, Ajali water scheme, was conceived and berthed in the 1990s. Surprisingly, after appropriating their Ajali, the state refused to extend the running water to the communities, forcing them to self-help.

    In the press release by Dan Nwomeh, the Senior Special Assistant on Media to Governor Mbah, the new product was referred to as 9th Mile Water Scheme. One hopes it is not the Ajali water scheme that has been rechristened? If it is not, then one hopes the Ajali water scheme would be resuscitated, so that the communities enjoying supply from the scheme would also benefit from Mbah’s miracle of water. With multi-dimensional poverty plaguing Nigerians, exposing the Christmas returnees to the cost of buying water from the shylock tanker drivers is adding salt to a festering injury.

    President Tinubu is anchoring his economic reform on attracting direct foreign investment. In the past 180 days, the president has been on economic diplomacy, shuttling the major economic centres of the world seeking investors. He has said that the Nigerian economy can be grown to a $3 trillion economy in 10 years. Specially, he has promised to increase the nation’s economy to $1 trillion by 2026. Speaking to the Nigerian Economic Summit (NES) last October, PBAT said: “Distinguished audience, a one trillion dollar Nigerian economy is possible by 2026, and a three trillion-dollar economy is possible within this decade.”

    Perhaps, the Mbah’s $30 billion Enugu state economy would be a further impetus to the Tinubu’s $3 trillion national economy within the next decade. For now, the current poverty rate in Enugu State is 58.13%, while that for Nigeria is 40%. That means that Enugu State is contributing a significant portion of the poor people in Nigeria, more than the majority of other states. According to Wikipedia, Enugu state is ranked 34 on GDP amongst states in Nigeria, while Nigeria is ranked 42 in the world.

    The tasks confronting PBAT and Mbah are enormous, and time is ticking and depleting the time available for the economic miracles they have both promised Nigerians and ndi Enugu respectively. This column urges collaboration between the federal and state governments, as a sine qua non to achieve the lofty promises.

  • Great expectations from Tinubu administration

    Great expectations from Tinubu administration

    Sir: It is now five months since the Bola Tinubu administration took office. Although,

    President Tinubu had said that his administration would hit the ground running, stressing that he does not have the luxury of time; it has been five months of pains for the generality of Nigerians, triggered by the economic reforms instituted by the president.

    First was the removal of oil subsidy which saw retail price of petrol shoot skywards. The foreign exchange market was similarly liberalised, left to the forces of supply and demand.

    Mr. President acknowledges our pains and is begging Nigerians to endure, averring that they are only temporary while likening them to labour pains that are followed by bundle of joy. We are told that those rather harsh measures are necessary to save the Nigerian economy from collapse.

    Although President Tinubu had been saying rather cautiously that he inherited both liabilities and assets from his predecessor, some senior members of his administration have said pointedly that it inherited an empty treasury. And a respected economist who was a former governor of the Central Bank (CBN) stated recently that this government was literally handed a “dead economy”.

    Then arises, the question, when shall Nigerians begin to smile, when shall the economic pains start to ease?

    In June, soon after he was sworn in, President Tinubu was in France, for ‘A New Global Financing Pact’ summit. According to the presidency, Mr. President, apart from the official summit, also used the opportunity to hold high-profile meetings with heads of state and governments, global business leaders, chief executives of leading multilateral and development finance institutions. Then after the Id-el-Kabir (Sallah) festivities, the president headed to India for the G20 summit on September 9 and 10th. It was reported that Nigeria got pledges of about $14 billion to reflate its economy. Soon after, he and a select delegation were off for the 78th United Nations General Assembly wherein he addressed the world on September 20.

    And as is now usual, he held bilateral talks with presidents of some countries, among them, Germany, South Korea, etc., wooing them to come invest in Nigeria.   President Tinubu later headed to the Kingdom of Saudi Arabia for the Saudi – Africa Summit and the Arab – Africa summit between November 10 and 11, coming back with some investment packages in especially oil and gas sectors.

    Read Also: Tinubu is taking bold decisions to change Nigeria’s economic fortune – Shettima

    Regarding local initiatives, chairman of Dangote Industries Limited (owners of Dangote Refinery in Lagos) Aliko Dangote missed the August date he gave Nigerians for roll out of products from his refinery when it was commissioned with pomp and ceremony by former president, Muhammadu Buhari. He now says it will start producing some 300,000 barrels of petrol yearly “soon”, promising that this would be scaled up to its full  yearly production capacity of 600,000 barrels by end of December, 2024.

    But some other refineries are expected to come up in December. For example there is one in Imo with small installed capacity though. And we are told that rehabilitation of the comatose Port Harcourt refinery would end in December to enable it start production again. Minister of State in charge of gas has set up a committee to remedy the supply hiccups that has shot price of this product to N1,100 per kilogramme (kg) up from the  former N700 per kg.

    The irony of it all is that Nigeria is blessed with an abundance of gas, much of which is wasted through flaring, unexploited. Government says it is already taking steps to crash the naira exchange rate through the Central Bank which essentially involves the CBN paying off its accumulated debts.

    With expected passage of the N27.5 trillion 2024 budget by end of the year, this administration should ensure that the goodies therein are implemented speedily so that by first quarter of next year, Nigerians can begin to be economically relieved. Otherwise, government might be tasking endurance of Nigerians beyond reasonable limits.

    • Victoria Ngozi Ikeano, victoriangozii@gmail.com 
  • Tinubu is taking bold decisions to change Nigeria’s economic fortune – Shettima

    Tinubu is taking bold decisions to change Nigeria’s economic fortune – Shettima

    Vice President Kashim Shettima on Monday, December 4, explained that President Bola Tinubu’s administration has been consistent in making bold and courageous decisions because it is determined to change Nigeria’s economic fortune, in the long run.

    He stated this when he received the management of the National Institute for Security Studies (NISS) led by the Commandant, Alhaji Ayodele Adeleke, at the State House in Abuja, assuring that the Tinubu administration is determined to bequeath a country that is firmly on the path of prosperity.

    According to a statement issued by Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Stanley Nkwocha, Shettima noted that this is the reason behind the administration’s determination to ensure youth empowerment and human capital development.

    The NISS delegation was at the Presidential Villa to present to the Vice President the report of a study conducted by 86 participants in the institute’s Executive Intelligence Management Course (EIMC) 16band with the theme, ‘Globalisation and Regional Economic Integration: Implications for Sustainable Development in Africa’.

    Speaking during the presentation of the report, the VP commended the faculty and members of the EIMC 16 for their efforts, noting that the recommendations of the study align with the perspectives of the Tinubu administration, especially the “advocacy for investing in ICT and infrastructure development.”

    Settima pointed out that the Federal Government, under the leadership of President Tinubu, has so far taken bold and courageous decisions that would, in the long run, impact positively on the economy.

    On the theme of the EIMC 16 research study, the VP said: “It is very apt, especially given the circumstances we have found ourselves in on the African continent. We are challenged from all angles – cyber-terrorism, human and drug trafficking, money laundering, transnational extremism and banditry, and the challenges of climate change.”

    On the need to diversify the economy away from Oil, VP Shettima noted that in the next 20 to 30 years, oil may not be as valuable as it is today.

    He stated: “Our only luck and happiness is that we are largely a gas nation. But our most important resource is our human capital which we need to harness. We have to invest in education. I believe that with the right infrastructure and qualitative leadership, we can transform this nation.”

    The Vice President further noted that with the right leadership at all levels of governance, the country’s growing population can be harnessed and positively deployed to transform the economy.

    He stated: “Let us create jobs, engage the youths; let us invest in their education. All these challenges of terrorism and banditry will be contained but the fundamental question is the quality of leadership.”

    EIMC is designed to provide strategic-level security/intelligence officers, as well as top-level management, with the requisite skills to handle their positions and contribute positively to the implementation of national security policies and national development.

    Read Also: Tinubu committed to fostering entrepreneurship, innovation, says Shettima

    The participants for EIMC 16 were drawn from 35 agencies in Nigeria and four other African countries of Chad, The Gambia, Niger and Rwanda.

    Earlier in his speech, the commandant of the institute, Alhaji Ayodele S. Adeleke, thanked President Tinubu for his commitment to excellence and a sense of responsibility since he assumed office.

    He stated: “The EIMC is a flagship programme of the institute, among other courses, aimed at impacting the requisite knowledge to participants to equip them with leadership skills to be able to address the dynamics of national and global security challenges in their respective countries as well as to foster inter-agency synergy and international cooperation.”

    The Commandant called on African economies to invest in ICT infrastructure as a key driver for economic growth while investing in research and development.