Connect with us

News

Buhari’s Ministerial List Can’t Tackle Nigeria’s Challenges -PDP …As Senate Screens 43 Ministerial Nominees, Today

Published

on

The Peoples Democratic Party, yesterday, described the list of ministerial nominees released by President Muhammadu Buhari as colourless and inspiring no hope in Nigerians.
In a statement issued via its verified Twitter handle, the party said, the list showed the regard in which the President and his All Progressives Congress hold Nigerians.
It said, “President Muhammadu Buhari’s ministerial list presented to the Senate today is colourless, stagnant, uninspiring and do not convey any sense of hope or purposeful governance under the APC.
“The party says that to the chagrin and utter disappointment of Nigerians, the list is replete with incompetent individuals who failed in their erstwhile ministerial assignments and left their ministries in a shambles.
“Indeed, such a ministerial list can only come from a leadership that does not have mandate of the people. It is a complete waste of time and cannot fulfil the expectation of Nigerians.
“The list has further shown President Buhari and APC‘s insensitivity and disdain for Nigerians and it does not in any way reflect their hope and eagerness for a better Nigeria.
“Furthermore, in recycling failed yesterday’s men for today’s assignment, President Buhari and the APC have left no one in doubt that they have no vision to move our nation out of the economic and security predicaments into which they have plunged us in the last four years.
“A committed and responsive leadership would have widely consulted with Nigerians before compiling a ministerial list, given the current situation in the country.
“If, indeed, President Buhari and the APC mean well for Nigerians and are interested in revamping our critical sectors, they would not have ended up with a list of those who will help conceal the huge corruption in the Buhari administration in the last four years, as well as those who will assist in channeling funds to individuals and groups used by the APC to rig the 2019 presidential election.
“Strangely, the list has no space for the youths demography, those to whom the future is said to belong.
“The PDP holds that with this development, it is clear that the only way our nation can come out of our present economic and security quandary lies in the retrieval of Atiku’s stolen Presidential mandate at the tribunal,” the statement ended.
President Muhammadu Buhari yesterday announced names of 12 former ministers who worked with him in his first term for reappointment.
They are Babatunde Fashola (Lagos State), Rotimi Amaechi (Rivers State) Hadi Sirika (Katsina State), Zainab Ahmed (Kaduna State), Lai Mohammed (Kwara State) Chris Ngige (Anambra State), Adamu Adamu (Bauchi State), Abubakar Malami (Jigawa State), Godfrey Onyeama (Enugu State), Ogbonnaya Onu (Ebonyi State) , Osagie Enahire (Edo State), Suleiman Adamu (Jigawa State), and Mohameed Bello (Adamawa State).
Some of the former ministers not reappointed are Okechukwu Enelamah (Abia State), Udoma Udo Udoma (Akwa Ibom State), Heineken Lokpobiri (Bayelsa State), Audu Ogbeh (Benue State) and Usani Uguru (Cross River State).
Others are Ibe Kachikwu (Delta State), Anthony Anwuka (Imo State ), Stephen Ochani (Kogi State), Abdulrahaman Dambazau (Kano State), Abubakar Bawa Bwari (Niger State), Cladius Omoleye Daramola (Ondo State) Isaac Adewole (Osun State ), Adebayo Shittu (Oyo State ), Solomon Dalong (Plateau State), Aisha Abubakar (Sokoto State ) and Mansur Dan Ali (Zamfara State).
Meanwhile, Senate President Ahmad Lawan has said that the screening and confirmation of the nominees would begin, today.
He added that other legislative activities in the chamber would take back seat to ensure the speedy completion of the important assignment.
Lawan said this after reeling out the list of the ministerial nominees on the floor of the upper legislative chamber of the National Assembly, yesterday.
“The screening of the ministerial nominees will commence tomorrow morning,” he said.
“All other legislative activities will take back stage for this very important national assignment.”
President Muhammadu Buhari sent 43 ministerial nominees for confirmation.
Seven former governors and senators each are among the 43 ministerial nominees whose names were sent to the Senate for screening and confirmation, yesterday.
The seven former governors include Rauf Aregbesola (Osun), Niyi Adebayo (Ekiti), George Akume (Benue), Chibuike Rotimi Amaechi (Rivers), Senator Godswill Akpabio (Akwa Ibom), Timipre Slyva (Bayelsa) and Babatunde Fasola (Lagos).
However, the ex-governors are not likely to enjoy same privileges with the former lawmakers during the screening exercise.
In the tradition of the Senate, the seven former lawmakers would be asked to take a bow and avoid all the questions and answers that normally characterise the exercise as a mark of respect.
Also, the Senate has announced the postponement of its annual recess by one week.
This, it said, was to enable members screen the ministerial nominees forwarded to it by President Muhammadu Buhari.
The Chairman, Senate ad hoc committee on Media and Public Affairs, Senator Adedayo Adeyeye, stated this while addressing reporters yesterday.
Our correspondent reported earlier that Buhari on Tuesday submitted the names of 43 nominees to the Red Chamber for confirmation hearing.
The Senate’s annual recess was initially billed to start tomorrow.
Adeyeye disclosed that the “Senate would start the screening on Wednesday”.
According to the lawmaker, since the exercise would be thorough, “the Senate would suspend its rules to sit beyond 2pm and conduct plenary on Mondays and Fridays until all the nominees have been successfully grilled”.

 

Nneka Amaechi-Nnadi, Abuja

Continue Reading

News

Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

Published

on

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.”

Continue Reading

News

FG Laments Low Patronage Of Made-In-Nigeria Products

Published

on

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.

Continue Reading

News

Nigeria Seeks Return To JP Morgan Bond Index

Published

on

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.

Continue Reading

Trending