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Saraki Dismisses Plot To Impeach Him …Says ‘I’m Not Losing Sleep’ …As NASS Panel On INEC’s Budget Resumes, Today

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The Senate President, Dr Bukola Saraki, at the weekend, said he was not losing sleep over rumour of plans to impeach him following his defection from the All Progressives Congress (APC).
Saraki spoke when he visited Asaba, Delta State to consult with the state Governor, Sen. Ifeanyi Okowa on his aspirations for the 2019 general elections.
Saraki, who came in company of other senators, including Dino Melaye and Peter Nwaoboshi, spent about 45 minutes in a closed door meeting with Okowa at the Government House, Asaba.
“I am not losing any sleep about impeachment, we have a country that a lot of Nigerians believe there must be rule of law, those who are talking about impeachment are engaging in cheap blackmail and I am not concerned about that,’’ Saraki said.
On why he left the All Progressives Congress (APC), Saraki said that he already had a four page statement on the issue.
“I have made a four page statement on why I left the APC and I made it very clear that the ideas and visions of what we expected, was not realised in the areas of democracy, justice, and so on.
“Those that followed the political terrain of the last three years can see that the people are not happy, it is not about me but about Nigerians and about the kind of country we want to build.
“It is the kind of democracy we want to practice and the kind of leadership we need, but, we have not been able to achieve any of this under the APC as much as we have tried,’’ Saraki said.
The Senate President, who addressed newsmen after the meeting, said he was in the state to consult with the governor, particularly now that he had rejoined the Peoples Democratic Party (PDP).
He described Okowa as a capable and competent colleague who worked closely with him in the senate for four years.
“I spent four years with a very capable and competent colleague (Okowa) in the Senate.
“We worked very closely together and I have come to spend some time with him and to hear his views now that I have rejoined the PDP.
“Governor Okowa is a very important party member, he is someone I truly respect and I have come to listen to him, hear his views and to consult with him,’’ Saraki said.
He commended the level of development going on in the state in the past three years, adding that the governor had impacted the people of the state through physical and manpower development programmes.
“There is a lot of development in the state and this is what we want to see in most of our states.’’
Meanwhile, the National Assembly has concluded plans to resume today, with speculations that it may cut the budget for the 2019 polls, due to duplication of line items by the Independent National Electoral Commission.
Findings at the weekend showed that ahead of the resumed sitting of the Senate and House of Representatives Joint Committees on Electoral Matters today, members’ opinions tilted towards adopting INEC’s version of the budget, which is N189.2billion.
It would be recalled that President Muhammadu Buhari’s version was N143billion.
Before the committees adjourned for the Sallah break, there was a deadlock on whether to pick the President’s version or INEC’s.
But, committee sources disclosed to newsmen in Abuja that the INEC version would be adopted, though it might be cut due to duplication of line items.
One senior official said that several duplications were identified, especially in the allocations which INEC made for the police and other security agencies.
The source observed that those items were also provided for in the 2018 national budget of N9.12trillion earlier passed by the National Assembly.
The source added that at the resumed sitting today, the committees would first iron out the duplications by getting the heads of the affected security agencies to appear and defend the fresh proposals by INEC.
The official spoke further, “We are trying to harmonise the President’s version and INEC’s version. But, it may not be that same figure (N189.2billion) because there are line items that we are going to follow one-by-one.
“There are duplications of some of the line items, which means that the funds allocated to them will be dropped.
“Again, the funds allocated to the security agencies, such as the N6billion to the police and others will also be cut.
“We will invite the police, the Department of State Services, Nigeria Security and Civil Defence Corps, and the Nigeria Immigration Service to appear, so that we can be sure that the funds we already approved for them in the national budget are not repeated in INEC’s elections budget.
“Remember that the National Assembly increased the national budget (N9.12trillion) by over N508billion. In that increment, the security agencies were given additional N20billion. Here, we have the INEC budget making provisions for the security agencies again.
“So, first, we will invite these security agencies so that they can come and defend these new provisions by INEC. In the process, any duplication that we identify will be removed.”
The official told newsmen that the heads of the security agencies would either appear today or a decision would be taken by the committees on when they would appear.
“The implication is that, the joint committee may or may not conclude its work on Monday. It depends on the speed with which the heads of the security agencies will come to defend these items.
“We must avoid a situation where we approve N6billion for the police in the INEC budget and there is another N6billion or more in another budget elsewhere.
“We have to remove all the duplications, which will ultimately affect the final size of the budget. This, we will do within the week, from Monday”, the source added.
When contacted for comments, the Chairman, House Committee on Legislative Budget and Research, Timothy Golu, confirmed that the joint committees, indeed, raised the issue of duplications and were set to resolve them today.
Golu, who is a member of the House Committee on Electoral and Political Party Matters, admitted that he was also aware that the heads of security agencies would be summoned.
“Yes, they are to appear over some duplications. However, I don’t know when the committees will require them to appear. A decision will have to be taken on Monday”, he stated.
Efforts to reach the Chairman of the House committee, Mrs. Aisha Dukku, failed.
Investigations further show that the work of the electoral committees would drag the possible reconvening date of the National Assembly into September.
One member explained, “The issue of reconvening the National Assembly doesn’t even arise here yet. These committees must first conclude their work and report to the Committee on Appropriations.”

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

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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.”

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FG Laments Low Patronage Of Made-In-Nigeria Products

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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.

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Nigeria Seeks Return To JP Morgan Bond Index

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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.

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