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Subsidy Removal: Don’t Trust Labour Unions, Take Your Destiny In Your Hands — CNPP Tells Nigerians

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NLC Protest

Conference Of Nigeria Political Parties (CNPP) has urged the Nigerians to take their destiny into their hands rather than trust the Nigerian Labour unions to lead them against the incessant increment in pump price of Premium Motor Spirit (PMS) otherwise known as petrol since 2015.

The umbrella association of all the registered political parties and political associations in the country in a statement signed by its Deputy National Publicity Secretary, James Ezema, noted that the labour movement cannot be trusted.

The Nigeria Labour Congress (NLC) and its affiliates is planning a nationwide strike scheduled to begin on Wednesday to protest the hardship occasioned by the fuel subsidy removal.

However, the CNPP noted that “It is unfortunate, but true, that the labour movement in Nigeria has consistently failed to defend the masses who constitute majority among their membership.

“Nigerians in the past have had their hopes dashed each time the labour unions led negotiations with government on their behalf on any issues bordering on their well-being or pains.

“The CNPP believes that only the Nigerian masses who bear the brunt of economic hardships as well as the increasing pains of long the long years bad leadership that can decide their own faith by taking their destiny into their hands.

“Like they have done each time they claimed to stand up for the masses, the labour unions will certainly betray the trust of the working class”, the statement said.

13 Reasons Nigerians Must Not Support Invasion Of Niger Republic

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By Shehu Sani

  1. Ecowas armed invasion of Niger Republic is simply a war between Nigeria and Niger because of our proximity.

2.Russia and Wagner May come in support of Niger Republic and Nigeria will have to use its own money to prosecute the operation; Nigeria offsets 70percent of the budget of Ecowas. I don’t see the US Congress approving unlimited arm supplies for Ecowas to wage war against another country.

3.Our Bordering states of Sokoto,Zamfara,Katsina,Jigawa and Yobe will incur direct hit in the event of war.

4.If there was no military action to dislodge the military coupists in Guinea,Mali,Burkina Faso and Chad,why that of Niger Republic?.

5.Why did the American and French military bases inside Niger Republic refused to stop the coup and now they are encouraging us to go to war?

6.Niger has been helpful to Nigeria in the fight against terrorists groups and the country is currently hosting over 303 thousand Nigerian refugees;in the event of war this can be in danger.

7.President Tinubu should not allow himself to be pushed to initiate and trigger a war with a neighbouring country and later be left http://stranded.No west African country has any military capability to start or sustain a war with Niger Republic;everyone will be relying on Nigeria.

  1. We should not cry more than the bereaved; If the people of Niger Republic don’t want Military rule, let them fight to remove it themselves. We fought our own military rulers and some of us even went to jail in that struggle. Let them fight their fight.

9.Saudi Arabia is still bugged down in Yemen after spending hundreds of billions of dollars which we don’t have.

10.The Military Regime in Myanmar is still there and not one stronger nation is contemplating military action.

11.We have a war at home against terrorism let’s concentrate here.

12. Mali, Burkina Faso and Guinean forces will likely enter the war to Support Niger Republic and they will attack Nigerian territories.

13.President Tinubu must continue to toe the line of dialogue with the military authorities in Niger and not War.


Sani, an Activist, is a former Senator

Otu’s 2027 Re-election on Cliffhanger as Angst Trails Cross River Ministerial Nominations

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Senator Bassey Otu

By Akinjide Aina, Abuja

The recently announced ministerial nominees by President Bola Ahmed Tinubu may be triggering a political revolt against the State Governor, Senator Bassey Otu,  come 2027, as stakeholders from Northern Cross River Senatorial Zone are seemingly unhappy with him.

At a well-attended meeting held at the Abuja residence of one of the politicians from the Zone last week, following the unveiling of President Tinubu’s ministerial nominations,   the group voiced their anger and frustration at what they described as the marginalization of the Zone.

Their anger stems from what they termed the Governor’s bad faith and willful exclusion of the zone from ministerial and other critical appointments.

The stakeholders complained about the over-concentration of key appointments such as the Secretary to the State Government,  Speaker of the House of Assembly, and the recently unveiled two ministerial slots in the Central Senatorial District.

They insist that while the nomination of Dr. Beta Edu, the APC National Woman Leader, was based on her connection to the President, that of Senator Owan Eno,  both from the Central Senatorial District, may have had the input of Governor Otu, especially as the name of the immediate past governor, Professor Ben Ayade, had earlier featured prominently in national media. The group suspected that Otu might have influenced the substitution of Ayade’s name at the eleventh minute.

The political actors alleged that the all-Central ministerial nomination was done to spite and subjugate the North whose son and the immediate past governor, Professor Ben Ayade assiduously worked for the emergence of the current governor as the APC gubernatorial candidate and then subsequent election as governor in March.

They are also accusing the Governor of subtle “Efiknization” of his government “in a brazen winner takes all posture that negates the plural nature of Cross River,  our dear state”

According to one of them, “We have also observed,  with bewilderment, a subtle Efiknization of governance in Cross River with Governor Otu’s Efik extraction carrying on in a brazen winner takes-all posture that negates the plural nature of Cross River,  our dear state.”

Governor Otu, an Efik from the Southern Senatorial zone of the state,  was elected in March on the platform of the All Progressives Congress,  APC,  in an election largely fought based on power rotation.

Another stakeholder present at the meeting opined that by allegedly nominating Senator Owan Eno as Minister in addition to his brother,  Professor Anthony Owan’s appointment as the Secretary to the Cross River State Government,  Governor Otu has made a fatal political calculation that could be his albatross and cost him re-election in 2027.

“The all-central ministerial nomination is self-immolation; it portends danger for Governor Otu. Everyone in Cross River knows that Senator Owan Eno’s governorship ambition is still alive and kicking, everyone knows that he is a master strategist who does not give up easily;  everyone knows that if he had not heeded Tinubu’s plea to withdraw his pre-election case in court against Otu,  Otu would probably not have been governor today and everyone knows that Senator Owan Eno will likely square up against Otu in 2027; so what the governor has tragically done is to sufficiently arm his potential opponent for Cross River 2027 gubernatorial contest with a voice and teeth to bark and bite”, he reasoned.

Ironically though, another election year,  2027, is still four years away, the Northern stakeholders,  despite their anger over the all-central ministerial slots and the failure to give their zone any, have hinted at the possibility of the zone aligning with the Central come 2027  should Owan Eno decide to throw his hat into the ring with a more appealing running mate from the Northern Senatorial District.

“When you look at the geopolitical configuration of Cross River state,  even the blind can see that all it requires for power to move from point A to point B is a synergy and a robust political marriage between the North and Central zones.

“If our dear Governor,  Prince Bassey Otu continues to show bad faith to the North,  we will be left with one option:  Align with Central to teach him a political lesson in 2027”,  one of the participants at the meeting told this magazine.

Continuing, he said: “If Senator Eno as a Minister with the attendant federal might decides to challenge Governor Otu for the 2027 Cross River APC gubernatorial ticket, political gladiator from the Northern Senatorial district, will be well disposed to working with him.

“Imagine Distinguished Senator Owan Eno as a governorship candidate pairing with and strong running mate from the North; the scenario will be akin to a walk in the park”

Sources privy to other weighty decisions taken at the meeting informed the magazine that the participants agreed that even in the Northern senatorial zone of the state,  there is what they described as “marginalization within marginalization”,  as out of the five local government areas that make up the zone,  Bekwarra local government Area remains an orphan among the other four local governments, a similar fate they suffered under the immediate past administration of Governor Ayade.

According to them, while Ogoja has the Deputy Governor, Obanliku House of Reps member,  Obudu has the Deputy Speaker of the House of Assembly and Yala has three Commissioner nominees,  Bekwarra is left high and dry with just one Commissioner nominee.

“For the sake of equity and inclusiveness,  our dear Governor can still right some of the wrongs by immediately reassigning Professor Owan and appointing an SSG from Bekwarra.  This will not only assuage Bekwarra but correct the long years of marginalization under the leadership of Ayade, which is still being furthered by the current administration of Governor Otu”, they averred.

Nonsonkwa And Unconscionable Sympathizers

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By Oguwike Nwachuku

On Saturday morning, July 29, 2023, the serenity of a popular part of Owerri capital city, Ikenegbu Extension, was violated by a seven-man gang of gunmen who criminally feasted on a prime jewelry shop in the area – Goldwise Jewelries – carting away items estimated at millions of Naira. When the criminals struck, residents scampered for safety.

The gunmen took advantage of the State’s monthly environmental sanitation exercise holding same day to attack and perpetrate their devious and devilish act against the people.

But luck ran out on them as police detectives in Owerri, acting on intelligence, raced to the place with their Armoured Personnel Carrier (APC), engaged the bandits, neutralised one of them and arrested two others. Police said the rest fled with gunshot wounds.

When the Cops stormed the area and successfully confronted the bandits, instantaneously, there was jubilation at the place among the residents.

Not a few of the jubilant residents had kind words for Governor Hope Uzodimma over the feat recorded by his Government, the Police and by extension, the security agencies in Imo.

Yours sincerely was touched by the residents’ exhibition of gratitude to the Police over the incident on the one hand and on the other hand, the governor.

Reason?

The Government of Governor Uzodimma has been making frantic efforts in the past three and half years to protect the lives and property of the residents in the face of daunting insecurity with the attendant threat to their wellbeing due to the activities of bandits.

Their jubilation shows how prepared the people were to embrace efforts by government to restore security and peace in Imo.

Imo citizens who heard about the failed outing at the jewelry shop were joyous because had it succeeded as planned, it would have, as usual, been dubbed a tale of another black Saturday in Owerri by the newspapers – traditional and online.

Besides, the unconscionable wailers in the State waiting in the wings to politicise the event would have shamelessly placed the blame at the door steps of Governor Uzodimma as they are wont to do, absolving non state actors as main culprits from their dastard pastime of unleashing terror on the citizens.

There is a major take away from the event that took place at the Goldwise Jewelries over the weekend. That lesson is the characterization by many that majority of the so-called unknown gunmen parading themselves as freedom fighters championing the “liberation of the people in the South East” are actually criminals roaring like lions in the Eastern region looking for the citizens to devour or, and, for their property to confiscate.

In Nigeria, security of lives and property of the people is always on the priority list of the government at all levels and will, at all times, occupy the centre-stage of discussions at national, regional and state events.

Today, most of the State Governors no longer sleep with their eyes closed because (in)security in their jurisdictions, in line with the oath of office they took, has put them on edge. Be that as it may, they commit everything at their behest to ensure that the oath is not for mere rehearsal.

Therefore, the failed attempt by the gunmen to possibly kidnap and forcefully dispossess the owners of Goldwise Jewelries their property is a serious crime.

Obviously, it is an act that violates the law of the land and hurts the security architecture of any State which is anchored on law and order. Call crime a sin if you may, or an act of serious moral wrongdoing, or something deplorable, you will not be wrong. That is why every act of crime or criminality has a place in the law of the land and therefore punishable.

A crime is a crime whether it is armed robbery, banditry, kidnapping, murder/assassination, character assassination, criminal defamation or libel, et al. The good news is that they all have a place in the law books of our country just as the law enforcement agencies are also empowered, under the law, to deal with those who run foul of the provisions of the statue books vis-a-vis crimes linked to them.

I want us to relate the crime the gunmen committed at the jewelries shop in Ikenegbu Extension that led to some  arrest effected with the recent arrest, also by the police, of a certain Owerri-based Radio Presenter, Mr. Chinonso Uba, who goes by the sobriquet, Nonsonkwa.

Those I love to call unconscionable sympathizers, ready-made cheer leaders for the wrong reasons, have as usual dubbed Mr. Uba’s arrest abduction. Those who did not say he was abducted said he was kidnapped. In all, we know their intention is the same – to divert attention of the public from the core reason for Mr. Uba’s alleged crime. After all, the good book tells us that from their fruits we shall know them.

The many unsavoury commentators who litter our environment should be a cause for worry to all of us. Their quick-fix approach to dealing with critical criminal issues perpetrated by a few members of the public which are damaging to the majority interest is as destructive, if not more damaging, than the criminal acts themselves.

Yours sincerely is particularly worried that my good friend and brother, Steve Osuji, a seasoned journalist of many years standing, wrote rather too soon on the arrest of Mr. Uba in his column, Expresso.

That Steve went into deliberate embellishment in his piece in such algorithmic oriented language, suggesting pejoratively, that the government of Governor Uzodimma has been hounding Mr. Uba for years, reminds any sane mind of his own intention in the painful but costly efforts by the government of the day to deal decisively with the hydra-headed monster of insecurity and those fanning its embers.

I repeat, whatever happened to my brother, Steve, that  made him to describe Mr. Uba’s arrest as abduction by hooded Cops is still difficult to fathom, particularly as he personally availed his readers with the reason adduced by the police who carried out the operation on the day in question and accordingly, issued a statement for their action.

To a large extent, Mr. Uba is protected under Chapter 4, Section 39 of the 1999 Constitution of the Federal Republic of Nigeria as amended which is on the right to freedom of expression and the press. “Every person shall be entitled to freedom of expression, including freedom to hold opinions and to receive and impart ideas and information without interference,” paragraph one of that section says.

I understand that Mr. Uba was arrested by the police from the headquarters in Abuja in connection with criminal defamation or, and, assassination of character of the person of Governor Uzodimma.

Many may want to ask what led to Mr. Uba’s arrest.

Not long ago, he did a video where he accused Governor Uzodimma of conspiring with Asari Dokubo to kill and be killing Imo people. Mr. Uba made that allegation against a man who swore an oath to protect the lives and property of Imo people without the slightest appreciation of how heinous his claims were.

You needed to have watched the video to come to grips with the import of Mr. Uba’s thoughtlessness. Expectedly, as the video went viral, Mr. Uba sat happily by and gleefully savoured the responses that came from his largely uniformed audience who, like him, do not know that there is a limit to freedom of speech and expression under the law.

Governor Uzodimma had taken the humiliation that came with the trending video with equanimity. And as a law abiding citizen, he complained to the police to investigate the allegation by Nonsonkwa that as governor he was in alliance with Asari Dokubo to kill and be killing those he took an oath to protect their lives and property, in the interest of the public.

Therefore, when the police came for Nonsonkwa, it was with the intention to investigate the authenticity of his bold and courageous allegation.

Unfortunately, a senior journalist in the mould of Steve who ought to call Nonsonkwa to order rather opted to use his highly priced column to politicise what he knows too well is a crime that is punishable under the law, should the suspect be found culpable.

I challenge Steve to go and watch that video and tell the world what he would have done was he in the shoes of Governor Uzodimma, even as not a governor.

Of late, I am yet to know of any greater criminal defamation or, and, assassination of character than this. Therefore, if the police arrested Nnosonkwa to come and adduce evidence over his allegation, what is unlawful there?

One would have thought that while Nnosonkwa was busy making the wild and unsubstantiated allegation, those who have been goading him on over the years on his unprofessional outings and unbecoming demeanor, should have as well come to terms with its grievous implication rather than resorting to shouting wolf on his behalf as if it is not also blood and water that flow in the veins of Governor Uzodimma whom the young man set out, ab initio, to assassinate his character.

It is a shame that informed commentators are trying to change the narrative of what had happened, glamourising the deeds of a young man who has painted a different picture of what professional broadcasting represents with the consequences starring all of us on the face.

It beats the imagination that Steve counseled the security operatives on professional conduct, but preached that Mr. Uba be handled with care as a journalist doing his “legitimate” work. Why then is Steve blinded over professionalism in media practice? Does he not know that there is only one Police Force in Nigeria, and that the police can go to any part of the country to carry out investigation? Why mischievously incite Imo people with the police?

What does Governor Uzodimma stand to gain by hounding after Nonsonkwa as some commentators like Steve try to make the public believe? Was Steve dreaming when he described Nonsonkwa as a “prisoner of conscience under Governor Uzodimma administration” who “has his way with the mic” as a “talented and fearless presenter” and “a lone voice speaking in the Imo wilderness where the detestable state machine has cowed the populace” or acting a script?

Last year, Nonsonkwa was sanctioned by the Nigerian Broadcasting Commission (NBC), and the Osiza-FM radio station he was working for fined. The question is: Was it out of professional misconduct on his part, or “tyranny, intolerance and vendetta” as Steve tried to suggest?  Old habits they say die hard. Could Nonsonkwa be suffering from that?

Instead of those who claim they love him to sit him down and advise him to play by the rules of his professional calling, they prefer to hail him for the yarn he spins out of his mouth everyday which has devalued us as a people.

Today in Imo, you find comedians, masters of ceremonies (MCs) and other characters who are jolted one way or the other psychologically, sitting pretty behind the microphone in radio studios and answering broadcasters and they are given awards for the nuisance they constitute to our environment that pollutes our collective psyche.

Imo people have had to suffer untold hardship as a result of acts that promote diverse insecurity. I am sorry to say that a lot of us have had to facilitate insecurity in the State with what we either say, do, or write. Invariably, those in such category are not better than the gunmen who kidnap, kill and even force our people to sit at home.

Precious lives of monarchs, youths, women, men, politicians, security agents, have been lost in circumstances that are confounding due to the activities of criminals – unknown gunmen – in our dear State.

Day in and out, the government looks for ways to steady the ship of insecurity sailing or cascading dangerously in all the nooks and crannies of Imo State and taking a toll on her scarce resources and growth.

The time to collectively solve the problem of insecurity in our State is now, and it is either we are committed to it or not. Lip service cannot take us anywhere. Hatred for Governor Uzodimma over nothing will not, either.

It is only natural that he who alleges proves his allegation. We must be prepared to live as humans or as beasts, and as humans for now, I think we have no choice than to live within the ambits of the law. That is what Mr. Uba must be encouraged to do – not to run amok with nonsense.


Nwachuku, Chief Press Secretary to Governor Uzodimma writes from Owerri

Economy: Tinubu Says No Other Easy Way Out

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President Bola Ahmed Tinubu says he understands what many Nigerians are going through at the moment due to the economic situation in the country.

Tinubu’s government has ended the multi-billion subsidy regime which has thrown not a few people in the country into extreme poverty, apart from unifying the naira exchange rate with other foreign currencies, aside from other austerity measures his government has imposed since coming to power on May 29.

The belt-tightening measures have been trenchantly criticized by his critics including civil society and Labour, who for instance, described his government as anti-people.

The Nigerian Labour Congress, NLC, and Trade Union Congress, TUC, have directed their members to embark on a nationwide protest from Wednesday this week to press home their demands for the government to provide immediate palliatives to cushion the effects of removal of subsidy.

But speaking in a national broadcast today, President Tinubu said there is no other way out from the current economic situation in the country, saying his administration means well for the people.

To ameliorate the hardship in the country, the president said he has ordered various interventions to help Nigerians survives the economic hardship.

Tinubu said, “Our economy is going through a tough patch and you are being hurt by it. The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle. Things seem anxious and uncertain. I understand the hardship you face.

“I wish there were other ways. But there is not. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love.

“What I can offer in the immediate is to reduce the burden our current economic situation has imposed on all of us, most especially on businesses, the working class and the most vulnerable among us.”

Nonso Chinonso Uba: For Too Long, Uzodinma Has Endured Him

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By Ikenna Samuelson Iwuoha

“I know we have freedom of speech, but must we talk ourselves into trouble, and without evidence? Processing what we say is important. This is not the first, second, third, fourth or fifth time Nonso Nkwa would be making wild allegations against Governor  Uzodinma”

Nonsokwa is  a  popular radio presenter in Imo State.  He is my fellow comrade,   brother and friend. I won’t  and can’t,  deny him, especially, now that he is in a very  big pit and sh*t. Nevertheless, I must make some clarifications on the current issue, as it concerns Nonsonkwa, Force Headquarters of the Nigeria Police and his allegations against His Excellency Governor Hope Uzodimma of Imo State.

Before I begin,  let  me  State here that  Sociopolitical  Crusade remains the  fulcrum through which Activism revolves. I am a notable Activist. A core one for that matter.  I am very decisive, goal oriented,  single-minded and very ruthless in my Activism. My Aim and Objective have always been to produce results. I don’t look for public applause. I don’t play to the gallery. And I don’t make wild allegations against people. I always have my facts. However,  when I make mistake, I try as much as possible to make amends.

I have confronted the law on many occasions. I have done things which, perhaps,  nobody has imagined or attempted. However, I am a law abiding citizen. I respect constituted authority. I have also used my Activism to promote Good Governance and  to rescue innocent members of the public, who were unjustly maltreated.  All these are verifiable.

Back to Nonsonkwa.  Like I said earlier, he is my fellow comrade,  brother and friend.  Police Officers from Force Headquarters Abuja effected his arrest  based on allegations of threat to State security.

Not long ago, a video of Nonsokwa surfaced online  wherein he pointedly accused His Excellency Governor Hope Uzodimma and one Asari Dokubo of being responsible for the killings in Imo State.

I watched  that video. Honestly, I was aghast and dumbfounded. I sent  a memo to Nonsonkwa, drawing his attention to that video… ,zHhhhhhhmmmmmm, for me, he crossed the red line.

I personally don’t like Asari Dokubo. The Guy talks carelessly and disingenuously. But Hope Uzodimma is our Governor, our father and political leader of the State. A man who is genuinely doing his best for the state.  Rather than appreciate his good works, Nonsokwa stepped out to accuse him of killing Imo citizens. This is totally wrong, and should be condemned.

This is not the  first, second, third, fourth, fifth and sixth time Nonsokwa would be making wild allegations against Governor Hope Uzodimma within the last 43 months.  I have personally rescued him from trouble, on a number of occasions.

In  December  2021,  Nonsokwa committed a  crime bordering on State security in Imo State. The Department of State Security, DSS, Imo Command, invited him. He refused to honour the invitation. He was invited the second time, he turned it down. I know the terrain.  I knew that the next available option would be to arrest Nonsonkwa  with force. So I stepped into the matter. I called the Imo State  Director Of DSS, Dr Wilcox  and pledged to produce Nonsokwa. I also extracted the promise that if I produced him, he would be released back to me, same day. Let me at this point declare that Dr Wilcox is a humble, disciplined, God fearing, cool headed  and very responsible , but  decisive  officer.

So I called Nonsokwa and practically forced him to follow me to DSS Owerri office.  We sorted out all the grey areas, and Dr Wilcox  kept his word and released Nonsonkwa back to me and we came back.

Unfortunately,  Nonsonkwa continued to operate in a vacuum of his imagination, jumping from one accusation to another accusation, against the Imo State Government, without cogent  facts. Infact, I  had cause to do a rejoinder to one of his  unsubstantiated allegations against Governor Hope Uzodimma.

Also, I have on a number of occasions reached out to my brother and friend, Nonsokwa,  to always process what he says before saying them so as not to fall into wahala, like  this one. I know we have freedom of speech, but must we talk ourselves into trouble? This is where “PROCESSING OUR THOUGHTS COMES INTO PLAY”.

Now that Nonsonkwa has accused His Excellency Governor Hope Uzodimma of conniving with Asari Dokubo to kill Imo Citizens, and he has been picked up by Force Headquarters Abuja, let him prove his allegation.  Since the past three days, Nonsokwa was arrested , some little minds have been calling and further abusing Governor Hope Uzodimma, accusing him of deliberately trying to silence Nonsonkwa. This is not true. Rather,  Governor Hope Uzodimma is the injured person. His subject, Nonsokwa, who has all along  been stabbing him with knives, stepped up and  stabbed him with a dagger, accusing him of murdering Imo citizens……….. Let me add here that if this matter goes to court and Nonsonkwa has no evidence of his allegation, he will be jailed 7years.

I am therefore calling on those calling  for the release of Nonsokwa, and at the same time abusing the Governor,  to thread carefully. The Governor is the injured person. He is the victim. He is the wounded person.  Infact,  the  Imo State Government has been labelled a Blood Sucking Government  by Nonsonkwa.. So Government wants to prove itself innocent of the allegation by reporting to the appropriate quarters to investigate. What supporters of Nonsonkwa should be doing now is to  show remorse,  and also,  thread carefully.

It is not my wish that Nonsonkwa should go to prison, but  his  supposed supporters  must  thread carefully.


*Iwuoha, an activist, social crusader and political commentator wrote in from Owerri.

People Not Power Of Money Must Be Sovereign- Tinubu

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Bola Ahmed Tinubu

President Bola Ahmed Tinubu says a powerful group in the country has been holding the country to ransom for many years.

The group, he said, has become so powerful that they now pose a threat to the security of the country due to the illicit wealth they have amassed from the fuel subsidy for years.

The president made this known in his national broadcast to Nigerians this evening, saying so much has been stolen that could have been used by the government to provide infrastructure and other people-oriented amenities.

Tinubu claimed in his speech that the group “had amassed so much wealth and power” that they have become a danger to democracy, but asserts that “the people and not the power of money must be sovereign”.

According to him, “For several years, I have consistently maintained the position that the fuel subsidy had to go. This once beneficial measure had outlived its usefulness. The subsidy cost us trillions of Naira yearly.

“Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funnelled into the deep pockets and lavish bank accounts of a select group of individuals.

“This group had amassed so much wealth and power that they became a serious threat to the fairness of our economy and the integrity of our democratic governance. To be blunt, Nigeria could never become the society it was intended to be as long as such small, powerful yet unelected groups hold enormous influence over our political economy and the institutions that govern it.

“The whims of the few should never hold dominant sway over the hopes and aspirations of the many. If we are to be a democracy, the people and not the power of money must be sovereign.”

Tinubu Begs Nigerians, Says No Alternative To Subsidy Withdrawal

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Bola Ahmed Tinubu

By Ayodele Oni

President Bola Tinubu has explained that the motive behind some of his administration’s harsh economic measures was meant to redefine the fate and future of Nigeria.

The president in a nation wide broadcast Monday evening, assured Nigerians of his commitment to reform the economy for the long term good by fighting the major imbalances that had plagued the economy.

In a determined bid to address the pains of Nigerians, he announced a number of pragmatic economic measures targetting the agricultural, transportation and MSMEs sectors of the economy.

In his speech, entitled: “AFTER DARKNESS COMES THE GLORIOUS DAWN”, Tinubu stated “I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced.

“I am not going to talk in difficult terms by dwelling on economic jargon and concepts. I will speak in plain, clear language so that you know where I stand.

“More importantly, so that you see and hopefully will share my vision regarding the journey to a better, more productive economy for our beloved country.

“For several years, I have consistently maintained the position that the fuel subsidy had to go. This once beneficial measure had outlived its usefulness.

“The subsidy cost us trillions of Naira yearly. Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funnelled into the deep pockets and lavish bank accounts of a select group of individuals.

“This group had amassed so much wealth and power that they became a serious threat to the fairness of our economy and the integrity of our democratic governance.

“To be blunt, Nigeria could never become the society it was intended to be as long as such small, powerful yet unelected groups hold enormous influence over our political economy and the institutions that govern it.

“The whims of the few should never hold dominant sway over the hopes and aspirations of the many. If we are to be a democracy, the people and not the power of money must be sovereign.

“The preceding administration saw this looming danger as well. Indeed, it made no provision in the 2023 Appropriations for subsidy after June this year. Removal of this once helpful device that had transformed into a millstone around the country’s neck had become inevitable.

“Also, the multiple exchange rate system that had been established became nothing but a highway of currency speculation. It diverted money that should have been used to create jobs, build factories and businesses for millions of people.

“Our national wealth was doled on favourable terms to a handful of people who have been made filthy rich simply by moving money from one hand to another. This too was extremely unfair.

“It also compounded the threat that the illicit and mass accumulation of money posed to the future of our democratic system and its economy.

“I had promised to reform the economy for the long-term good by fighting the major imbalances that had plagued our economy. Ending the subsidy and the preferential exchange rate system were key to this fight. This fight is to define the fate and future of our nation. Much is in the balance.

‘Thus, the defects in our economy immensely profited a tiny elite, the elite of the elite you might call them. As we moved to fight the flaws in the economy, the people who grow rich from them, predictably, will fight back through every means necessary.

“Our economy is going through a tough patch and you are being hurt by it. The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle.

“Things seem anxious and uncertain. I understand the hardship you face. I wish there were other ways. But there is not. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love.”

After Darkness Comes The Glorious Dawn

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Bola Tinubu

By Bola Tinubu

My fellow citizens,

I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced.

  1. I am not going to talk in difficult terms by dwelling on economic jargon and concepts. I will speak in plain, clear language so that you know where I stand. More importantly, so that you see and hopefully will share my vision regarding the journey to a better, more productive economy for our beloved country.
  1. For several years, I have consistently maintained the position that the fuel subsidy had to go. This once beneficial measure had outlived its usefulness. The subsidy cost us trillions of Naira yearly. Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funnelled into the deep pockets and lavish bank accounts of a select group of individuals.
  1. This group had amassed so much wealth and power that they became a serious threat to the fairness of our economy and the integrity of our democratic governance. To be blunt, Nigeria could never become the society it was intended to be as long as such small, powerful yet unelected groups hold enormous influence over our political economy and the institutions that govern it.
  1. The whims of the few should never hold dominant sway over the hopes and aspirations of the many. If we are to be a democracy, the people and not the power of money must be sovereign.
  1. The preceding administration saw this looming danger as well. Indeed, it made no provision in the 2023 Appropriations for subsidy after June this year. Removal of this once helpful device that had transformed into a millstone around the country’s neck had become inevitable.
  1. Also, the multiple exchange rate system that had been established became nothing but a highway of currency speculation. It diverted money that should have been used to create jobs, build factories and businesses for millions of people. Our national wealth was doled on favourable terms to a handful of people who have been made filthy rich simply by moving money from one hand to another. This too was extremely unfair.
  1. It also compounded the threat that the illicit and mass accumulation of money posed to the future of our democratic system and its economy.
  1. I had promised to reform the economy for the long-term good by fighting the major imbalances that had plagued our economy. Ending the subsidy and the preferential exchange rate system were key to this fight. This fight is to define the fate and future of our nation. Much is in the balance.
  1. Thus, the defects in our economy immensely profited a tiny elite, the elite of the elite you might call them. As we moved to fight the flaws in the economy, the people who grow rich from them, predictably, will fight back through every means necessary.
  1. Our economy is going through a tough patch and you are being hurt by it. The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle. Things seem anxious and uncertain. I understand the hardship you face. I wish there were other ways. But there is not. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love.
  1. What I can offer in the immediate is to reduce the burden our current economic situation has imposed on all of us, most especially on businesses, the working class and the most vulnerable among us.
  1. Already, the Federal Government is working closely with states and local governments to implement interventions that will cushion the pains of our people across socio-economic brackets.
  1. Earlier this month, I signed four (4) Executive Orders in keeping with my electoral promise to address unfriendly fiscal policies and multiple taxes that are stifling the business environment. These Executive Orders on suspension and deferred commencement of some taxes will provide the necessary buffers and headroom to businesses in manufacturing sector to continue to thrive and expand.
  1. To strengthen the manufacturing sector, increase its capacity to expand and create good paying jobs, we are going to spend N75 billion between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start a sustainable economic growth, accelerate structural transformation and improve productivity. Each of the 75 manufacturing enterprises will be able to access N1billion credit at 9% per annum with maximum of 60 months repayment for long term loans and 12 months for working capital.
  1. Our administration recognises the importance of micro, small and medium-sized enterprises and the informal sector as drivers of growth. We are going to energise this very important sector with N125 billion.
  1. Out of the sum, we will spend N50 billion on Conditional Grant to 1 million nano businesses between now and March 2024. Our target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country.
  1. Ultimately, this programme will further drive financial inclusion by onboarding beneficiaries into the formal banking system. In like manner, we will fund 100,000 MSMEs and start-ups with N75 billion. Under this scheme, each enterprise promoter will be able to get between N500,000 to N1million at 9% interest per annum and a repayment period of 36 months.
  1. To further ensure that prices of food items remain affordable, we have had a multi-stakeholder engagement with various farmers’ associations and operators within the agricultural value chain.
  1. In the short and immediate terms, we will ensure staple foods are available and affordable. To this end, I have ordered release of 200,000 Metric Tonnes of grains from strategic reserves to households across the 36 states and FCT to moderate prices. We are also providing 225,000 metric tonnes of fertilizer, seedlings and other inputs to farmers who are committed to our food security agenda.
  1. Our plan to support cultivation of 500,000 hectares of farmland and all-year-round farming practice remains on course. To be specific, N200 billion out of the N500 billion approved by the National Assembly will be disbursed as follows:

-Our administration will invest N50 billion each to cultivate 150,000 hectares of rice and maize.

-N50 billion each will also be earmarked to cultivate 100,000 hectares of wheat and cassava.

  1. This expansive agricultural programme will be implemented targeting small-holder farmers and leveraging large-scale private sector players in the agric business with strong performance record.
  1. In this regard, the expertise of Development Finance Institutions, commercial banks and microfinance banks will be tapped into to develop a viable and an appropriate transaction structure for all stakeholders.
  1. Fellow Nigerians, I made a solemn pledge to work for you. How to improve your welfare and living condition is of paramount importance to me and it’s the only thing that keeps me up day and night.
  1. It is in the light of this that I approved Infrastructure Support Fund for the States. This new Infrastructure Fund will enable States to intervene and invest in critical areas and bring relief to many of the pain points as well as revamp our decaying healthcare and educational Infrastructure.
  1. The fund will also bring improvements to rural access roads to ease evacuation of farm produce to markets. With the fund, our states will become more competitive and on a stronger financial footing to deliver economic prosperity to Nigerians.
  1. Part of our programme is to roll out buses across the states and local governments for mass transit at a much more affordable rate. We have made provision to invest N100 billion between now and March 2024 to acquire 3000 units of 20-seater CNG-fuelled buses.
  1. These buses will be shared to major transportation companies in the states, using the intensity of travel per capital. Participating transport companies will be able to access credit under this facility at 9% per annum with 60 months repayment period.
  1. In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming.
  1. Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation.
  1. I want to use this opportunity to salute many private employers in the Organised Private Sector who have already implemented general salary review for employees.
  1. Fellow Nigerians, this period may be hard on us and there is no doubt about it that it is tough on us. But I urge you all to look beyond the present temporary pains and aim at the larger picture. All of our good and helpful plans are in the works. More importantly, I know that they will work.
  1. Sadly, there was an unavoidable lag between subsidy removal and these plans coming fully on line. However, we are swiftly closing the time gap. I plead with you to please have faith in our ability to deliver and in our concern for your well-being.
  1. We will get out of this turbulence. And, due to the measures we have taken, Nigeria will be better equipped and able to take advantage of the future that awaits her.
  1. In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families.
  1. For example, we shall fulfill our promise to make education more affordable to all and provide loans to higher education students who may need them. No Nigerian student will have to abandon his or her education because of lack of money.
  1. Our commitment is to promote the greatest good for the greatest number of our people. On this principle, we shall never falter.
  1. We are also monitoring the effects of the exchange rate and inflation on gasoline prices. If and when necessary, we will intervene.
  1. I assure you my fellow country men and women that we are exiting the darkness to enter a new and glorious dawn.
  1. Now, I must get back to work in order to make this vision come true.
  1. Thank you all for listening and may God bless Federal Republic of Nigeria.

Full text of the National Broadcast by President Bola Ahmed Tinubu, GCFR, to Nigerians on Monday, July 31, 2023

FG Rolls Out Fresh Measures To Cushion Effects Of Subsidy Withdrawal, Approves Buses For Student Bodies

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Bola Ahmed Tinubu

By Ayodele Oni

Still working on measures to cushion effects of subsidy withdrawal on petrol, President Bola Tinubu has again rolled out some measures to make it convenient for students to continue with their education.

A State House statement on Monday by presidential spokesman, Dele Alake revealed the measures to include provision of buses to students bodies in universities, Polytechnics and colleges of education.

The buses will be used to convey students to and from homes to classes thereby reducing burden of transportation for parents and students.

The statement: “In furtherance of his desire to ease the burden of the fuel subsidy removal on students of higher institutions of learning, President Bola Tinubu has approved provision of buses to the students’ bodies of all universities, polytechnics and colleges of education across the country.

“The desire of the President is to see that students can access their campuses without much difficulty as a result of higher transportation costs.

“The provision of the buses will also remove the burden of additional cost of daily commuting on parents and guardians.

“In line with his promise to ensure no Nigerian student abandons his or her educational pursuits as a result of lack of money and economic circumstances of their parents, President Tinubu has also approved the removal of all restrictions on the students’ loan to make it available to any student or household that may desire it.

“Similarly, President Tinubu has directed the authorities in all Federal Institutions of higher learning to avoid arbitrary increase in sundry fees payable and where possible defer further increase so that parents and students don’t face too many difficulties.

“While it is important to reiterate that President Tinubu has directed release of over 200,000 Metric Tonnes of grains to families in 36 states and Federal Capital Territory, Abuja, the government is working to ensure that vulnerable students can also benefit from conditional cash transfers and food distribution.

“The Federal Government salutes the courage, wisdom and partnership of Nigerian Students as our country navigates this challenging time.

“President Tinubu will continue to prioritize education and the needs of the students, improve welfare of teaching and non-academic staff and invest in infrastructure to make our institutions of higher learning become more globally competitive.”