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Fresh Hurdles As NASS Extends Resumption To Oct
Members of the National Assembly have called on the leadership of both chambers to extend their resumption from September 25 to the second week of October.
A cross section of the federal lawmakers from both the Senate and House of Representatives, who spoke with newsmen on the issue, explained that the September 25 earlier fixed, was no longer feasible.
They argued that it would not be possible for the joint committees on electoral matters and those on appropriation to conclude their assignments before the end of September.
They also said it would not make sense for members of the two chambers to abandon the primaries of their parties in their various constituencies to resume plenary.
The Vice-Chairman, House of Representatives Committee on Rules and Business, Dr. Bode Ayorinde, said the date of the resumption was not yet in view because the joint committee on INEC had yet to finish their assignment.
Ayorinde stated, “If there are differences in their decision, the principal officers of the two houses would sit and harmonise the differences and take it to plenary for approval.
“It is also not feasible that we would resume in September owing to the fact that primaries of the parties are scheduled to hold between now and the end of September.
“The dates of the primaries of the ruling party extend till the first week in October. Do you now expect someone, who is campaigning for his election, to now rush down to the National Assembly for plenary?
“So, the plenary to consider the reports of INEC may not come up until after the primaries.”
Asked if it was not possible for the two chambers to announce a date and jointly sit in plenary to approve the polls budget request, Ayorinde said, “There is no provision for a joint sitting to approve budget.
“I am very optimistic that within a week or two after our resumption, we would sort it out. The principal officers of the two chambers can even sit and harmonise positions before the reports are presented at plenary to make the process faster.”
Some of the senators include Enyinnaya Abaribe, Shehu Sani, Adesoji Akanbi, Mao Ohuabunwa and James Manager.
Abaribe explained that with the pace of the committee’s work and the timetable of the primaries, the National Assembly would not be able to reconvene in September.
He stated, “The joint committees still have a long way to go. The joint committee on INEC after their assignments will pass everything to the appropriation committee which will bring the report to the leadership.
“The leadership of the two houses would have to meet and decide on when to reconvene and it must be on the same day.
“From the way we are seeing it, there is no way we could reconvene until after the primaries which will even extend to the first week in October.”
Akanbi noted that there was no point reconvening for plenary now when all the parties were holding their primaries.
He added, “Since we have the joint committees of both chambers working on the document, the outcome of their task could represent the position of the whole house while the leadership of both houses could also have a joint sitting and approve the INEC request.
“There is no big deal about it since it is not the annual national budget. We did not sit at plenary before the leadership directed the joint committee to start work on the document. Why should we reconvene to receive their report?”
Sani believed that no member of the federal legislature would resume until after the primaries in October.
“Nobody would come back to the Senate or House of Representatives when primaries are ongoing. Reconvening the chambers is going to be an exercise in futility,” he said.
Ohuabunwa declared that the lawmakers would not resume on the scheduled date.
He said, “If the parties are holding primaries and we also want to return (re-elected) to represent the parties at the parliament, then, it is going to be that the resumption will be extended.
“If my primary election is on the 25th or even 28th (September), what would I be doing in Abuja? Definitely, if the dates clash there will be an extension (of resumption).”
Manager said President of the Senate, Bukola Saraki, and Speaker of the House of Representatives, Yakubu Dogara, would take a decision on the issue.
“The leadership of the Senate and the leadership of the House of Representatives know what to do. I am sure that they know what to do,” Manager said.
Another lawmaker from one of the North-East states, who declined to be named for fear of negative reactions from his colleagues, argued that the lawmakers could resume despite the primaries.
A senator, who spoke on condition of anonymity because his group members are pushing for an early reconvening of the Senate, also said there was no way members would reconvene when the party primaries were taking place across the country.
He said, “We have suggested that the leadership of the two houses should authorise the executive to make necessary withdrawals from the Service Wide Vote to take care of any emergency procurement that INEC may want to take care of before resumption.
“The senators, who demanded the immediate reconvening of the Senate, knew that the INEC budget would not be ready until late September. They have their own agenda.
“Senators on our side are against joint sitting. So, those on Saraki’s side are really not bothered about sitting. They had already devised another means of extending the resumption beyond the earlier agreed date.
“The anti-Saraki senators want the Senate to reconvene so that they could remove the presiding officers with the two-thirds of the members at plenary, which is illegal. I have warned them against such move anyway.”
Meanwhile, the Majority Leader of the Senate, Senator Ahmad Lawan, said the National Assembly must reconvene to consider and pass requests by President Muhammadu Buhari pending before the legislature.
Lawan stated, “We need to reconvene before then (September 25) to pass the very essential requests by Mr. President, particularly the budget of INEC (for the elections) and the foreign borrowing request to finance the capital budget for 2018 as well as some confirmations (of executive appointments) that are also time-bound.
“We had yet to confirm the appointments of nominees for the board of the ICPC and others. It (delaying the confirmations) will be undermining what this administration considers very important, significant and central to its campaign promises.
“I will also agree with my colleagues who feel that we can extend (the recess) beyond the 25th because the primaries of almost all the parties will have to take place towards the end of September and early October.
“Within that period we should be fair to ourselves; that even if we reconvene from recess on the 25th, we would hardly be able to form a quorum because many senators, if not all, would be in their senatorial districts or participate in the primaries of other candidates of their choice.
“I agree with them on that. But before then, we need to reconvene.”
President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.