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Economy: I Take Full Responsibility, Nigeria ’ll Recover-Tinubu

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President Bola Tinubu, on Wednesday, appealed for patience from Nigerians over the current economic hardship in the country, giving the assurance that there was light at the end of the tunnel.
The President said he was fully aware and took responsibility for the difficulties Nigerians had been subjected to on account of government policies.
He said he would not complain but welcome all criticisms since he was the one who asked to be Nigeria’s President.
The President spoke in Akure, the Ondo State capital, during his visit to the leader of the pan-Yoruba sociopolitical organisation, Afenifere, Pa Reuben Fasoranti.
He also paid a condolence visit to the family of the late former Ondo State Governor, Rotimi Akeredolu, who passed on in December following a protracted battle with cancer.
The fuel subsidy removal and other economic reforms instituted by Tinubu have attracted public censure following the high costs of living, food inflation and other side effects.
The situation compelled the Nigeria Labour Congress to hold a nationwide protest on Tuesday.
The congress also threatened further mass action if the government failed to address the economic crunch within two weeks.
However, addressing public concerns over his economic policies, the President said, “Nigeria will survive the current economic challenges. There is light at the end of the tunnel. I requested the job, and I am not complaining about it. I take full responsibility.”
This was contained in a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, titled, ‘President Tinubu: I take full responsibility for the nation; we are building an efficient Nigeria that is inclusive and fair to all Nigerians.’’
Tinubu emphasised his commitment to leading Nigeria towards economic and social prosperity, saying, “We are meeting our obligations to the international community. To lenders, we have not defaulted, and we are not going to default. We are navigating the twists and bends on the road to Nigeria’s prosperity.”
On reforming Nigeria, the President said his task would be to ensure fiscal and true federalism, as well as the broad-based manifestation of the philosophy of “what is sauce for the goose is sauce for the gander.”
He acknowledged the understanding and support of all Nigerians in the face of the harsh but temporary economic conditions, assuring them that their patience and perseverance will not be fruitless.
“But, through perseverance, Lagos emerged as the fifth largest economy in the entire continent of Africa. We must manage this moment with wisdom and grow Nigeria responsibly.
“I campaigned for this office to serve Nigeria’s interests and I was elected. Some said I would not last in the tribunal and came up with all sorts of predictions, but even when in court, I remained focused.
“We cannot allow Nigeria’s economy to be exploited. We cannot abandon our economy to marauders. I am determined to re-engineer our finances and curb selfish interests permanently,” he stated.
Speaking on behalf of Afenifere, Pa Olu Falae, a former Secretary to the Government of the Federation, who read the address of Pa Fasoranti, commended Tinubu for his commitment to Nigeria’s progress and expressed support for his administration’s efforts.
“You have kept your word to return to this place where we all prayed for you, and this shows that you are a man of your word,” the elder statesman stated.
Pa Fasoranti asked President Tinubu to be fair and courageous, declaring that such traits were the hallmark of the Afenifere family.
“Today, you are carrying our flag. We are noted for integrity, competence, fairness, and courage. Your performance so far has shown that you understand the full gravity of your mandate, which is to show the Nigerian people that a good government is possible,” he said.
Fasoranti also charged the President on institutional reforms, saying, “Mr President, please also seek institutional reforms that would strengthen our federation and make Nigeria safer and more prosperous. Try and balance the budget and execute capital projects that would create more employment. We thank you for welcoming the idea of state policing.’’
He added, “We want each of the geopolitical zones to have greater responsibilities for security, food production and infrastructural development. Since the removal of fuel subsidy, which was costing Nigeria $10bn yearly, the state governments have been receiving hefty allocations from the Federation account.
“Mr President should persuade the governors to allow this change of fortune for the states to reflect at the grassroots so that life can be better for our people. They should not just buy rice and yams for the people. They should create employment, improve education and build new infrastructures. Today, life is truly challenging for most people and the state governments have an important role to play to transform society.”
Fasoranti received the President in the company of some Afenifere leaders, who included a former governor of Ondo State, Dr Olusegun Mimiko, Chief Sehinde Arogbofa, Deji of Akure, Oba Aladelusi Aladetoyinbo; Chief Kole Omololu, among others
Earlier, the President had paid a condolence visit to Akeredolu’s family in Owo and also visited the palace of the Olowo of Owo Kingdom, Oba Ajibade Gbadegesin Ogunoye III.
Speaking at the palace of the monarch, Tinubu eulogised the late Akeredolu as a statesman and a distinguished legal luminary who served his people with unwavering dedication.
“We lost an illustrious son. Akeredolu was very close to me and an ally. He was a son of the soil, and I have come to pay homage,” the President said.
He extended his prayers for the good health, progress, and prosperity of the traditional ruler and the community and thanked the people of Owo for their support to the bereaved family.
Accompanied by the Governor of Ondo State, Lucky Aiyedatiwa, Tinubu also commiserated with the Akeredolu’s widow, Betty, the children, and other family members.
Addressing the widow and the family members, Tinubu said, “God will be with you. Your children will do well in life. May you all end well. May God be with you and uphold you,”
The wife of the late governor expressed appreciation for the President’s visit, describing Tinubu as a good friend and brother to her late husband.
She also thanked the South-West governors for their contributions to the burial of the late governor. She particularly thanked Governor of Lagos State, Mr Babajide Sanwo-Olu, for single-handedly repatriating the remains of Akeredolu back to Nigeria.
She said, “On behalf of my family, I appreciate Mr. President. We understood he couldn’t attend the burial ceremony due to the dictate of Yoruba culture. He couldn’t have attended the burial of his younger brother.
“Coming today (Wednesday ) is a big deal because we are in a better atmosphere. I also express my profound gratitude to the southern governors for their immense financial contributions to the burial, most especially, Lagos State Governor, Mr Babajide Sanwo-Olu, who singlehandedly brought Aketi’s remains back to Nigeria. We appreciate this huge show of love and we are grateful and forever indebted to him.
“I requested that Mr President see where Aketi has been laid to rest and he followed me. We are deeply grateful to Mr. President for coming. He is indeed Aketi’s brother and friend.
“I told Mr. President, yes, Aketi has left but he lives because he left behind legacies. It is our wish that those legacies continue and are built upon where necessary.”

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Fubara, Canadian Envoy Synergise On Health Sector Growth, Investment Relations

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Rivers State Governor, Sir Siminalayi Fubara, has further canvassed the strengthening of the relationship between the State and the Canadian Government in order to attract more investments, promote economic growth while delivering quality healthcare services in the State.
These were part of the focus of the discussion that took place between Governor Fubara and the Canadian High Commissioner to Nigeria, Mr James Christoff, when they met behind closed doors at Government House in Port Harcourt on Monday.
Speaking to newsmen after the meeting, Mr Christoff expressed satisfaction with the issues discussed and mutually endorsed, and expressed willingness to ensure their actualisation, separately and collectively to their benefit.
Particularly, Mr Christoff said: “First of all, let me say what an honour and pleasure it is for me to be here in Rivers State. I had a couple of very good meetings here over the last day, including with His Excellency, the Governor.
“We talked about areas where we know there are some rooms for us to, I think, further entrench our relationship. One of the things I’ll be doing while I’m here in Rivers State is to visit the Medical Oxygen facility that Canada provided significant support to, overseen by UNICEF.
“And, just knowing that health is a priority for His Excellency, I want to see for myself the Medical Oxygen Plant at Eleme General Hospital, to better understand how that’s making a tremendous difference here in the State.”
Mr Christoff also said that the discussion extended to the abundant natural resources in Rivers State, which are evidence of how blessed it is as a State much like Canada.
The envoy pointed to how expressively he divulged the determination of his country to explore areas “where we can always look to take a very good situation and raise the bar in terms of how we benefit.
“In our case, as Canada, from natural resources and what it brings to a community. And so, we shared some insights on that particular issue, and of course, there are the people-to-people ties that are growing between Nigeria and Canada that are very important.
“And we look for ways to, maybe, tap into the many Nigerians who have a foot in both countries, to the benefit of both countries. So, it was a very good discussion. I’m very happy to be here.”
Mr Christoff further said: “Well, I would say that in terms of business development, that’s a two-way street. Of course, it’s part of our job, part of my job as Canada’s High Commissioner to Nigeria to try and unpack the opportunities that reside here for our companies, and I think we’re making great strides in that.
“And so, wherever I go, when I visit, pay visits on governors across the great country of Nigeria, I always look to find the areas where we might bring our companies and the host government to collaborate.
“As I mentioned, the natural resource sector is one such area, and I look forward to further discussions with state governments, and how we might benefit collectively,” he added.
He noted the peaceful and hospitable ambience in the State, stressing that the Canadian government and companies were satisfied with the opportunities that exist in the State, and were tapping into existing policies to further boost mutual collaborations.

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Bill Gates Foundation Highlights Nigeria’s Potential To Transform Agriculture, Health

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Bill & Melinda Gates Foundation (BMGF) has highlighted Nigeria’s potential to significantly increase its agricultural output, which the foundation described as a transformative opportunity for the country.
Mr Bill Gates, Philanthropist and co-chair of the Foundation, said this in Abuja, yesterday, at the 2024 NutriVision, a Pan African dialogue to discuss innovative solutions to combating malnutrition in Africa.
Gates said that with the right investments in agricultural productivity and healthcare, Nigeria could achieve food security and also become a net food exporter, contributing to economic growth and improved public health.
He pointed out the immense potential for Nigeria to more than double its food output, which would be a game-changer for the nation.
He noted that such a shift would alleviate the need to use scarce foreign currency reserves to import food, particularly given the current exchange rate challenges.
“There is the opportunity for Nigeria to more than double its food output, which would be pretty transformative because it would mean that you would be a net food exporter.
“Nigeria could bring in revenue by exporting food, boosting the economy and improving the livelihoods of those in rural and Northern areas,” he said.
The philanthropist emphasised the importance of embracing digital approach and utilising better seeds to spark what he termed “agricultural miracles.”
He explained that improving agricultural productivity was crucial for addressing equity, empowering women, and tackling nutrition issues in Nigeria.
He called for a concerted effort to implement these solutions, which would not only enhance food security but also contribute to broader social and economic development.
Gates also discussed the crucial role of healthcare in Nigeria’s development, noting that the government must prioritise health as part of its broader strategy.
He highlighted the need for Nigeria to increase government funding for health and education, supported by improved tax collection.
“The actual tax collection in Nigeria is pretty low. As citizens develop confidence in well-run programmes, they will support increased funding for essential services, “he said.
He underscored the importance of efficient primary healthcare systems, where resources are allocated wisely, and services are delivered effectively.
“Our foundation’s involved with a lot of the exemplars that are showing the way in terms of making sure the money is spent well.
“We are running a very efficient primary health care system where the employees are doing great work, the centres are where they should be, you do not have underloaded centres or overloaded centres,” he said.
He expressed optimism that these efforts would enhance the credibility of health programmes, encouraging citizens to prioritise and advocate for better funding of primary healthcare.
He stressed the potential for Nigeria to learn from best practices around the world and adapt them to local contexts, thereby driving progress in both agriculture and healthcare.
He painted a hopeful picture of a future where Nigeria could feed itself and also nourish the world by making the right choices and placing people at the centre of these efforts.
The Tide source reports that the BMGF advocates that solutions to Africa’s greatest challenges can come from within Africa.
The foundation, thus, supports African partners whose bold ideas and creative approaches have the potential to save lives, improve health and help families across the continent.
Since the foundation’s inception in 2000, it has supported partnerships with African regional institutions, national governments, and local communities in 49 countries.
It contributes funding and scientific expertise in support of their agenda for change.
These partnerships have driven the success of numerous health, agriculture, equality, and anti-poverty initiatives.
The foundation has committed more than seven billion dollars through 2026, to support African countries and institutions working to develop and implement innovative approaches to confront hunger, disease, gender inequality, and poverty.
It works with African governments, the private sector, non-profit organisations and civil society.
The efforts are geared towards improving health outcomes, boosting agricultural productivity, expanding access to digital financial services, and empowering women and other marginalised populations with greater economic opportunities.

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No Directive Was Issued To NNPCL To Increase Petrol Price To N1,000, Says Lokpobiri

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The Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has said that no directive was issued to the Nigerian National Petroleum Company Limited (NNPC Ltd.) to increase petroleum prices to N1,000.
Lokpobiri, in a statement issued, yesterday, by his Special Adviser, Media and Communication, Nnemaka Okafor, said he did not direct the NNPC Ltd. or any other entity within the sector to manipulate prices.
“The Federal Government has been compelled to address the outright falsehood and malicious claims currently circulating on social media.
“We categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent.
“We challenge anyone in possession of any evidence-be it written documents, audio, or video recordings-that supports these fabrications to make it public.
“Such a claim is entirely devoid of truth and should be recognised as an intentional effort to mislead the public,” he said.
He explained that the NNPC Ltd. operates as an independent entity under the Companies and Allied Matters Act (CAMA), with a fully empowered Board of Directors and the Ministry of Petroleum Resources does not, and will not interfere in NNPC Ltd.’s internal decisions, including pricing matters.
“Any suggestion otherwise is not only incorrect but also reveals a profound misunderstanding of the deregulated nature of Nigeria’s petroleum sector,” he said.
He advised the public to dismiss these malicious rumors.
“Any claim to the contrary is nothing more than an ill- conceived attempt to sow discord and confusion.
“We urge all Nigerians to remain vigilant and rely solely on information from verified and official channels,” he said.
The Tide source reports that as at Tuesday, the NNPC Ltd. Retail Stations adjusted their pump price, selling at N897 as against N617 per litre.
Independent marketers are selling between N930 to N1,000.

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