Tag: Vice President Yemi Osinbajo

  • Oil’s evil will live after oil

    Oil’s evil will live after oil

    It is a song these days. Call it a hit —like they do in the entertainment industry— and you are not likely to be faulted. Vice President Yemi Osinbajo, Amnesty Programme chief Brig-Gen. Paul Boroh and many others have given life to this hit titled ‘oil has no future’.  Their reason for singing this dirge is not unconnected with the fact that the world is moving away from oil. Renewable energy is the way to go. With this realty, we will wake up one day and discover no one wants to buy our oil.

    Speaking at the Second National Council on Niger Delta, NCND, meeting held in Akure, the Vice President said: “Many countries are getting alternatives to oil, the development which will make the resource unprofitable in a few years.”

    Gen. Boroh’s sentiments were not exactly different when he said: “Since it has become clear that oil will not last forever, there is need to prepare the youths for the future.”

    It will certainly take some time before oil finally fades away. I cannot place my hand on the exact time but one thing I am sure of is that the evil oil does will live after oil.

    After oil, we will remember Oloibiri and how oil has left it impotent. We will remember Ogoni land and remember how oil killed its leading lights, such as the great Kenule Beeson Saro-Wiwa. We will remember oil and remember with dismay that Ogoni people had no choice but to drink benzene-contaminated water. We will remember oil and remember poverty, degradation, rejection and desperation. We will remember oil and we will remember imageries of luxury here and there, but in short supply.

    Long after oil has stopped being our main source of revenue, we will remember wealth was something many heard about and saw when the rich chose to throw their weight about. We will certainly remember that despite all the wealth around the region, many students and pupils had to stay at home because school fees were gold and diamond their parents could not afford.

    How can we ever forget that while oil reigned in some parts of the Niger Delta, they never saw night. Reason: The multinational firms in these areas have their flow stations so close to homes and send out gas flares throughout the day. So, the only way to differentiate between night and day is to check their wrist watches.

    We will always remember that while oil was the lord, oil pipelines in many towns were not underground and often burst damaging soils and existence. Will it be possible to forget that the people shouted, protested and threatened violence over their fate, yet change refused to come.

    The oil giants seem to have another licence: to send their hosts to early graves so that their leaders can have all the wealth for themselves, including the little they manage to spend on basic amenities. This environmental genocide is having serious effects on the people. And we will never forget.

    Long after oil, we will not forget that strange diseases killed the people, pregnant women developed strange allergies while health centres were ill-equipped to take care of their health needs. We will never forget that several people developed aggravated asthma and respiratory symptoms, such as coughing and difficult or painful breathing, chronic bronchitis, increased and premature deaths were not uncommon.

    We will always remember that while oil was the lord, oil majors were more interested in the oil than in the people. They can die for all they care. We will remember their mantra: Oil is more important than man.

    How can we ever forget that while oil reigned we all forgot agriculture, which before independence from the colonial masters paid our bills? We will certainly remember the great Mrs. Diezani Alison-Madueke who loved her people so much that she wasted not the opportunity to grab as much oil cash as possible while she was oil minister and proved that what a man can steal, a woman can steal better.

    Long after oil, we will remember the interventionist agencies set up to improve the lot of the people of the Niger Delta. We will remember how at a point the oil cash meant for the betterment of the people were given to an herbalist by the head of the board of an interventionist agency. We will remember that one of these agencies became a cesspool for corruption where contracts were hawked like bean cakes, where insiders encouraged outsiders to sue the agency so that judgment debts could be shared. We will not forget that while oil reigned, greedy men stuffed dollars — millions of it— in safes tucked away in poverty-stricken communities. We will remember the yachts, the private jets, the mansions, the diamond wristwatches and the world they bought with stolen oil cash.

    We will remember that men and women thrust into positions of influence used them to acquire affluence. We will apparently not forget that in the oil era men lost their conscience and humanity to the extent that they bought guns for the youths to take out political adversaries.

    I doubt if we will forget that oil’s curse began with the enactment of the Mineral Ordinance by Nigeria’s first Governor-General Sir Frederick Luggard in 1914. We will remember that in 1937, the British colonial government gave the exclusive rights of exploration and exploitation to Shell D’Arcy, which could not actualise this mandate because of the Second World War and a year later entered into collaboration with British Petroleum — formerly Anglo-Persian Oil Company— for oil prospection in Nigeria. Their early efforts yielded 450 barrels of crude oil in Akata I Well, in 1951. Further successes were made in Oloibiri in 1956 and Bomu Oil Field in 1958 when oil was struck in commercial quantity.

    When we remember oil, we will have at the back of our minds the 12-Day Revolution in the Creeks in 1967, which was championed by the trio of Isaac Adaka Boro, Samuel Owonaru and Nothingham Dick in a failed bid to secede from Nigeria.

    We will also remember protests and agitation by groups, such as the Movement for the Survival of Ogoni People (MOSOP), led by the late Ken Saro-Wiwa who was killed by the Gen. Sani Abacha Administration. The activities of groups, such as the Ogba Solidarity, the Urhobo Progressive Union, the Niger Delta Environmental Forum, the Chikoko Movement, the Environmental Rights Action/Friends of the Earth, the Ijaw National Congress, the Movement for the Emancipation of the Niger Delta (MEND) and the Niger Delta People’s Volunteer Force led by Mujahid Asari Dokubo, will also come to mind. We will not be able to wish away men such as Government Ekpemupolo (aka Tompolo), Victor Ebikabowei Ben (aka General Boyloaf), Ateke Tom, John Togo, Fareh Dagogo and others. We will also remember that some of them got free cash, which they lavished on women and wine and frivolities.

    My final take: When we remember the facts about oil, we will remember the pains, tears, sorrow and blood that followed. We will also not forget the good things that oil brought but we will continue to debate whether or not we would have been greater if agriculture had not been abandoned because of black gold.

     

  • FG okays N45 billion to clear Nigeria Airways workers’ backlog 

    FG okays N45 billion to clear Nigeria Airways workers’ backlog 

    The Federal Government has approved N45 billion to settle the outstanding payments owed the workers of the defunct Nigeria Airways.

    The Minister of State for Aviation, Hadi Sirika, briefed State House correspondents at the end of the FEC meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa.

    According to him, the Minister of Finance, Kemi Adeosun, has been given directive on the payment to workers of the defunct Nigeria Airways

    The workers had staged protests against the over 20 years debt owed Nigeria Airways

    Details Later…

  • IPOB: Osinbajo, Ikpeazu meet in Aso Rock 

    IPOB: Osinbajo, Ikpeazu meet in Aso Rock 

    Vice President Yemi Osinbajo on Tuesday met behind closed doors with Abia State Governor, Okezie Ikpeazu at the Presidential Villa, Abuja.

    Ikpeazu arrived the Vice President’s office around 2:24 p.m.

    The activities of the Independent People of Biafra (IPOB) in recent times have been threatening lives and properties in the state and other parts of the country.

    That led to deployment of security personnel to the area and proscription of IPOB.

    The meeting between Ikpeazu and the Vice President was still in progress at the time of filing this report.

    Details later…

  • Osinbajo seeks high level of integrity by financial institutions

    Osinbajo seeks high level of integrity by financial institutions

    Vice President Yemi Osinbajo, has urged financial institutions to uphold a high level of integrity and forthrightness in the discharge of their duties.

    Prof. Osinbajo made the call when a delegation from the Association of National Accountants of Nigeria (ANAN) paid him a courtesy call at the Presidential Villa, Abuja.

    Osinbajo, in a statement by the Senior Special Assistant on media and publicity, Laolu Akande, said financial institutions have a crucial role to play in helping the President Muhammadu Buhari administration to fight corruption, as well as in improving the country’s economy.

    He said that as a financial body, ANAN should call out individuals who are allegedly tied to some levels of financial crimes to step down from their positions, so as to help curb corruption in the financial sector.

    “The level of integrity that we expect is not necessarily what we are seeing, especially in respect to financial statements and all of that,” the Vice President said.

    He also commended the association for the important roles it has played in regulating the country’s financial sector since it was incorporated in 1979, adding that a high level of integrity by financial institutions would help improve the lives of citizens.

    Speaking earlier, the ANAN delegation, led by its president, Alhaji Shehu Usman, praised the Buhari administration for its leadership in the affairs of the nation, the fight against corruption, insecurity and improving the economy.

    The delegation appealed to the Federal Government to increase the appointments of their members into key positions in the civil service.

  • Abia crisis: IG directs nationwide deployment of policemen

    Abia crisis: IG directs nationwide deployment of policemen

    The Inspector-General of Police, Mr Ibrahim Idris, on Thursday briefed Vice President Yemi Osinbajo on the outbreak of violence in some parts of Abia.

    After the briefing, Idris told State House Correspondents that the police was adopting a three-pronged approach to resolve the crisis.

    “The strategy we are using is to ensure that we deploy policemen throughout the country.

    “Secondly, we are in touch with the government.

    “We are trying to mobilise the political leadership to be able to intervene where necessary in how to reduce the tension that is already taking place in the South East.’’

    Trending: Video: IPOB agitators begin stop, search for Northerners

    On allaegation by Gov. Nyesom Wike of Rivers that the police is behind criminal activities in the state, the I.G. said that Wike was expressing a personal opinion on the security situation in his state.

    He, however, said police did not have to deny the governor’s allegation that crimes were perpetrated in the state by its operatives (SARS).

    Idris explained that the display of a corpse purported to be that of the police in a crime scene did not indicate that the said policeman was involved in the crime.

    “That a Policeman was killed in Rivers in connection with the IPOB issue is different from saying that the policeman was involved in a crime.

    “You cannot say that the one attacked and killed is the one involved in the crime,’’ he stated.

    He described the governor’s comment as a sweeping allegation which “does not make sense to me’’.

    While reacting to the October 1 quit notice given to some Nigerians to leave some parts of the country, the I-G said there was no cause for alarm.

    “I don’t think there is tension in the country; there is no tension here,’’ he said.

  • FG gives conditions for further support to states 

    FG gives conditions for further support to states 

    …RMAFC designing new sources of revenue for states and LGs

     

    The federal government has warned state and local governments that further financial support to them will be based on how well they implement the 22 Action points of the Fiscal Sustainability Plan (FSP).

    Vice President Yemi Osinbajo made this declaration Monday in Abuja at a workshop organized by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) on alternative sources of revenue generation for sustainable development in states and local government councils in Nigeria.

    Represented by the finance minister Kemi Adeosun, Osinbajo noted that “independent monitoring and evaluation of states against agreed milestones under the FSP, has been conducted and further consideration for support to states, will be solely dependent on reports from this exercise.”

    The Vice President stated that “fiscal discipline, improved revenue generation, rational allocation and efficient use of resources, must be strategies adhered to by every tier of government if we must return to a path of sustainable growth.”

    The 22-Point FSP for states and local governments he said “was introduced and acceded to by states governments in 2016 with the view to enhancing fiscal prudence and transparency in public expenditure, monitoring the ongoing public financial management reforms being undertaken by the federal government.”

    Osinbajo added that the strategic objective 2 of the FSP was focused on improving public revenues, requiring each state to set realistic and achievable targets for improving Internally Generated Revenue (IGR) from all revenue generating activities of the state in addition to tax collection.”

    The idea he said; “was for each state government to look inwards and come up with a plan that was best suited for their states based on available resources.”

    Other action points for the state governments include privatization of state owned enterprises, establishment of efficiency units to reduce overhead expenditures, biometric capture of all civil servants, implementation of continuous audit to reduce revenue leakages and measures to achieve sustainable debt management.

    Earlier in his address, the Acting Chairman of the RMAFC, Alhaji Shettima Umar Abba-Gana, said the commission was designing new additional sources of revenue and ways and means of generating and collecting these revenues for the benefit of the states and local governments.

    He lamented that the challenges of a troubled economy, occasioned by drastic fall in the international price of crude oil, the fall in the level of oil production security challenges and General drop in national productivity negatively affected the inflow of funds into the Federation Account.

    Abba-Gana expressed optimism that in due course, the over dependence on statutory transfers of funds from the Federation Account for governance by the states and local governments will begin to reduce.

     

  • Concessionaire loses Lagos Trade Fair complex

    Concessionaire loses Lagos Trade Fair complex

    The National Council on Privatisation (NCP) has approved the immediate revocation of the concession of the Lagos Trade Fair Complex and  a fresh privatisation of the Yola Electricity Distribution Company.

    It also approved the privatisation of Afam Power plants 1-5 to inject additional power into the national grid and improve electricity supply.

    The Council, chaired by Vice President Yemi Osinbajo, also approved the pursuit of an out-of-court settlement of the dispute over the privatisation of Aluminium Smelter Company of Nigeria (ALSCON).

    Other decisions taken during the August 22 and 23 meeting at the Presidential Villa in Abuja include:

    Approval of the amendments to the Work Plan for the conclusion of the transaction involving the concessioning of Terminal “B” Warri Old Port; the restructuring and recapitalisation of Bank of Agriculture.

    “The restructuring of the BOA is in alignment with the Government’s desire to make financing options readily available to farmers for an aggressive diversification of the Nigerian economy,” the Council said in a statement by the Senior Special Assistant on media and publicity to the vice president, Mr. Laolu Akande

    The Council also approved the immediate commencement of the reform and commercialisation of the River Basins Development Authorities to revitalise the irrigation and river basin potentials for agricultural purposes.

    The move, according to the statement is aimed at resolving the lingering dispute between the Federal Government, BFIG and United Company RUSAL through the mediation of the Secretariat with the active collaboration of the Federal Ministry of Mines and Steel Development.

    The council advised that “the mediation efforts should take a holistic view of the entire sector and the overriding national interests to jumpstart industrial development through the steel sector in arriving at a resolution on the matter.”

    The meeting also reviewed the proposals presented by its Secretariat, the Bureau of Public Enterprises (BPE) for the reform and restructuring of various sectors of the economy.

    These approvals, the council noted, were aimed at giving traction to key infrastructure facilities in the country that are presently under concessions, but have been adjudged to be performing sub-optimally.

  • ASUU strike: I have one of my children at home as we speak – Minister

    ASUU strike: I have one of my children at home as we speak – Minister

    To find a lasting solution to the Academic Staff Union of Universities (ASUU) strike, Vice President Yemi Osinbajo is now to lead the Federal Government’s negotiation team with the teachers.

    ASUU has been on strike since August 13 over the failure of the government to implement an agreement it reached with the union in 2009.

    The union also alleged that the Federal Government did not implement the Memorandum of Understanding the two sides signed in 2013.

    The union, in a statement on Tuesday, said it would call off its strike after receiving a positive response to its demands from the Federal Government.

    The teachers boycotted a meeting scheduled to hold between the government and the union on Tuesday.

    Minister of Labour and Employment Chris Ngige briefed State House correspondents at the end of the FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.

    Ngige, who was with the Ministers of Information and Culture, Lai Mohammed, Power, Works and Housing, Babatunde Fashola and Sports and Youth Development, Solomon Dalung, also blamed the private sector for the delay in announcing the chairman of the Minimum Wage Review Committee.

    According to him, the Federal Government is ready and will announce the chairman of the committee when all the names of representatives of the private sector is received.

    He said: “The government thanked the parents and even the students who are supposed to take their exams and promotional exams now but have been forced by circumstances beyond their control to stay at home. I have one of my children at home as we speak.

    “Government is leaving no stone unturned to make sure that we reach a conclusive agreement with ASUU so that they can go back to the classroom. This is the first national strike that this government is facing and we want to discuss.

    “The Vice President has taken over some of the aspects of the negotiations and discussions, so we are continuing the meeting in his office and when we finish meeting, we will get back to ASUU for another round of meeting and we are hopeful that we will be able to go to an appreciable extent to solve some of the outstanding issues that is preventing them from going back to work,” he said.

    The Federal Government, he said, is ready and will announce the chairman of the Minimum Wage Review Committee when all the names of representatives of the private sector are received.

    He said: “The National Minimum Wage Committee, the government side is ready. We have on the government side four ministers – ministers of Labour and Employment, Finance, Budget and Planning.  I can’t remember the last one now but we have our team ready. We also have the Head of Service of the Federation, Acting Secretary to the Government of the Federation on the government team. The chairman will be unveiled when we have full component of the committee.

    “The aspect that is delaying us from inaugurating the committee is the organised private sector. The organised private sector has eight representatives of which the Nigeria Employers Consultative Association (NECA) has four nominations, we have not gotten their nominations. Manufacturers Association of Nigeria (MAN) has two nominations; their nominations just came in yesterday. Nigeria Association of Small Medium Enterprise (NASME) has one; they have not sent in their nomination. NACCIMA has not sent in its nominations.

    “So we are waiting fir these nominations. When they come in, the government will nominate the chairman and inaugurate the committee.” he added

    Fashola said FEC approved the award of engineering and electromechanical works contract worth $5.792 billion for the Mambila Hydro Electric Power Plant located in Taraba State.

    Recalling that the project started in 1972, he noted that there has been no significant progress since its inception.

    According to him, the contract now awarded to a joint venture with a Chinese Civil Engineering Company (CCECC) will be completed in about six years.

    On the scope of work to be handled by the firm, the minister said: “The project requires the construction of four dams; one of them is about 150 meters in height, the immediate two are 70 meters in height and the smallest of them is 50 meters in height.

    “It also includes 700 kilometers of transmission line. It will be in Taraba State in the area called Gembu, and it will unleash the potential that have been reported about Mambila, including agriculture, tourism and energy,” he said.

    When completed, Fashola said, the project will help Nigeria strike a big blow on the climate change and fulfill its commitment under the Paris Agreement.

    Explaining how the joint venture will work, Fashola said: “You will recall that sometimes last year, the Chinese government held a summit in South Africa; essentially what that was about was supporting and partnering with African government to do their infrastructure and also funding the Agurua projects. So, this was one of the projects of infrastructure that was submitted there and I think it also had the rail component.

    “The money is coming from the Chinese government through their Exim bank, so it is an export funding support for them and an import funding for us; 85 percent is supposed to be financed by them and 15 per cent is our own counterpart funding. The award now triggers contract negotiations for the financing side and after that is concluded the projects can now start.”

    Mambilla will generate 3,050 megawatts of power. “The productive output will be a function of water supply, because that is the major source of fuel, its a hydroplane,” Fashola said.

  • Buhari has final say on SGF, NIA Boss probe, says Osinbajo

    Buhari has final say on SGF, NIA Boss probe, says Osinbajo

    …Says government will be fair to all

     

    Vice President Yemi Osinbajo on Wednesday said that President Muhammadu Buhari has the final say on the report of the Presidential investigative panel that probed of the suspended Secretary to the Government of the Federation, Babachir David Lawal and the Director General of the National Intelligence Agency, Ayo Oke.

    Speaking with State House correspondents after submitting the report to Buhari, Osinbajo, said that it was now left for the President to study it before arriving at a decision.

    He declined to comment on the recommendations of the report.

    Asked what the report contained, he said “Of course not. I mean this is a report which contains recommendations to the President.

    It is a fact finding committee as you know and what our terms of reference were was to find out based on the fact available to us and based on the interviews of witnesses of what transpired in those cases of the report one involving the SGF and the other the DG of NIA.

    “We have now concluded that and we submitted a full report with recommendations to the President. We cannot of course give you any kind of details because the President has to look at the report, study it and then make his own decisions based on that report.”

    On whether the government is going to look at the SGF report from the angle of justice or as close friend, he said “Well as you can imagine we are always fair minded and the whole approach is to ensure that justice is done in all cases.

    “It is in the interest of the government and also the interest of the nation that things are done properly and that there is due process and that we are not unfair. You can be sure that we will do the right thing.

    Asked how soon the President will decide on the report, Osinbajo said “All I can now say is that we have submitted the report to the President and it is a very detailed report as a matter of fact.

    The President has to study the report and make decisions.

    Pressed further to give insight into the report, he said “Of course I cannot, how can I? This is a document which has just been submitted to the President. He is the one who will read the recommendations and the facts and then make a decision.

    On whether heads will roll, he said “No, how can I tell you? If you want to know what is in the report you have to wait, you really have to wait.”

    Lawal was investigated for allegations of violations of law and due process in the award of contracts under the Presidential Initiative on the North East (PINE).

    Oke, on the other hand, was probed over the discovery of large amounts of foreign and local currencies by the Economic and Financial Crimes Commission (EFCC) in a residential apartment at Osborne Towers, Ikoyi, Lagos.

     

  • Photo: Osinbajo, Boroffice, others meet in Abuja

    Photo: Osinbajo, Boroffice, others meet in Abuja

    R-L: Ag President, Prof. Yemi Osinbajo (R); Chairman, Senate Committee on Science and Technology, Prof. Ajayi Boroffice (2nd L), Chairman, Nigerian Economic Summit Group, Mr. Kyari Butar (L), and Minister of Science and Technology, Dr. Ogbonnaya Onu (2nd R), during the inaugural event of the Nigeria Renewable Energy Roundtable at the State House, Abuja on Wednesday.