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Tackling Global Poverty In Focus As World Leaders Meet In France

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Bola Tinubu in France

By Ayodele Oni

President Bola Tinubu and other World leaders are exploiting ways to tackle poverty and debt cancellation for vulnerable countries plagued by climatic Change and Covid-19.

The World Leaders, are currently meeting in Paris, France, for a high level Summit for New Global Financing  Pact.

Welcoming them, French President Emmanuel Macron, said the Summit would focus on drawing up a new financial order that will scale up finances and support developing countries for energy transition, poverty reduction, while respecting the sovereignty of each nation.

Nigeria’s presidential spokesman, Dele Alake, in a statement said the French President noted that African countries had been at the receiving end of the major global challenges, with debt hangovers that hamper growth and development.

“Covid-19 pandemic brought lots of difficulties and now we are faced with the war in Ukraine that has been draining resources that should be channeled into human development.”

Macron told the leaders from 50 countries, multilateral institutions and the private sector that justice and fairness must be imperative in redesigning the new world financial architecture, with more focus on the most vulnerable.

The French President listed four elements for consideration by the leaders, starting with an acknowledgement that reducing poverty would require collective efforts, with a more diverse and comprehensive framework.

According to him, financial pact must address fragmentations and frustrations,  and enable the kind of change that encourages debt relief, suspension of repayments, change of business models and more commitment from development banks, with guarantees.

Climate Activist, Vanessa Nakate, from Uganda, who called for a moment of silence for the helpless and hopeless across the world, said broken promises cost the lives of many in developing nations.

The Presidents and leaders of multilateral institutions and the private sector at the Summit went into syndicate sessions to discuss the new financial architecture.

President Bola Tinubu will on Friday participate at the summit, which will unveil a New Global Financing Pact and mechanism for implementation.

N50trn Debt: Debt Office Warns Tinubu Against More Borrowing

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The Debt Management Office, DMO, has issued a strong warning to the federal government not to borrow more funds.
The advise comes following reports that the administration of Bola Ahmed Tinubu is planning to borrow more funds to plug the shortfall in revenue to find this year’s budget.
Muhammadu Buhari, his predecessor has been seriously criticized for over-borrowing, raising the country’s total debt stocks close to N50 trillion before his exit from government last month.
His government justified the huge debt on the need to plug infrastructure deficit in the country.
But the Debt Office said on Monday in Abuja that the debt to revenue is already too high, noting that over 75 percent of the nation’s revenue this year will be used to service debt.
To avoid this, the DMO said  government should seek other ways to generate revenue, including expanding the tax net, adopting the public/private partnership model for the funding of critical infrastructure, sale of government assets to generate revenue, amongst others.
The DMO recommends the following:
“Although the Baseline analysis projects Total Public Debt-to-GDP ratio at 37.1 percent for 2023 indicating a borrowing space of 2.9 percent (equivalent of about N14.66 trillion) when compared to the self-imposed limit of 40 percent, it is recommended that this should not be used as a basis for higher level of borrowing as was the case in the 2023 Budget.
This is because the outcome of the Shock Scenario, which is more realistic in the circumstances, exceeded the self-imposed limit.
“The projected FGN Debt Service-to-Revenue ratio at 73.5 percent for 2023 is high and a threat to debt sustainability. It means that the revenue profile cannot support higher levels of borrowing. Attaining a sustainable FGN Debt Service-to-Revenue ratio would require an increase of FGN Revenue from N10.49 trillion projected in 2023 Budget to about N15.5 trillion.
“With respect to expansion in fiscal deficit, there is need to strictly adhere to the provision of extant legislations on Government borrowing, especially the Fiscal Responsibility Act 2007 and Central Bank of Nigeria Act, 2007 as it relates to Ways and Means Advances, in order to moderate the growth rate of public debt.
” There is urgent need to pay more attention to revenue generation by implementing far reaching revenue mobilization initiatives and reforms including the Strategic Revenue Growth Initiatives and all its pillars with a view to raising the country’s tax revenue to GDP ratio from about 7 percent (one of the lowest in the world) to that of its peer.
” Government should encourage the private sector fund infrastructure projects through the Public-Private Partnership schemes and take out capital projects in the Budget that are being funded from borrowing, thereby reduce budget deficit and borrowing.
” Government can reduce borrowing through privatization and/or sale of Government assets.”
In march this year, the DMO predicted that the total debt could rise to N77 trillion by end of May.

INEC ‘Deliberately’ Deleted FCT Election Results From BVAS

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The Independent National Electoral Commission, INEC, deliberately deleted presidential election results from the Bimodal Voter Accreditation System, BVAS, machines, a witness has told the court.
Hitler Nwala, a People’s Democratic Party, PDP, witness made the testimony at the Presidential Election Petition court on Thursday in Abuja.
Recall that INEC had secured a court approval  to delete the results of the February 25 presidential election from the BVAS so that the machines could be used for the governorship and state House of Assembly election.
The witness while testifying said there was no need to delete the results on BVAS used in the Federal Capital Territory, FCT, Abuja since there was governorship election to be held.
The witness, a forensic expert said the results on 110 BVAS devices he inspected were deliberately deleted by INEC even when there was no need to do so.
An INEC witness, Abubakar Mahmoud, however faulted the report of the PDP witness, saying the 110 BVAS are not sufficient to establish the allegations of fraud against the commission.
Mahmoud said during cross-examination that the PDP witness report is only about 3.5 percent of the total number of BVAS used in the FCT and 0.06 percent of the total BVAS used for the presidential poll across the country.
The FCT result is being contested by both the candidate of the Labour party, Peter Obi, and Atiku Abubakar of the PDP.
It’s one of the major contention at the election Tribunal as the two candidates are trying to exploit a constitutional provision which requires a candidate in the election to win 25 percent of the votes cast in FCT before such can be declared the winner.
Bola Ahmed Tinubu, who was declared winner by the INEC did not secure 25 percent in the FCT.

“I Am Waiting To Serve Nigeria”- Fmr Gov Fayemi; Bags Honorary Doctorate Degree At LASU

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By Ayodele Oni

Former Governor of Ekiti State, Dr Kayode Fayemi, has said that he is still willing to serve Nigeria in any capacity.

Fayemi spoke in Lagos, after the conferment of Honorary Doctorate degrees on him by the Lagos State University, (LASU) on Thursday.

In his acceptance speech, Fayemi made it clear that “although my work as Governor of Ekiti State is done, nation building is a journey and not a destination.

“One can only pledge that one will continue to be an active partisan in the ranks of that battalion of Nigerians determined to ensure that we see the country of our dreams in our life time. Let us hold the dream that Nigeria will rise again.

The remark may have confirmed rumours that the former governor is among those lobbying President Bola Tinubu for appointment in the present administration.

He applauded founding fathers of states in south west Nigeria for their vision to establish state owned universities, even at that period of time.

“I was already a second year student at the University of Lagos in Akoka when this university commenced activities in 1983.

“As students in an already established national university, we were generally skeptical about the quality of education to come from a so called burnt brick university – even though at the time, many of our own lecturers were also pioneer teachers at LASU right from the first Vice Chancellor of the University.

“Many of my own contemporaries in academia also became lecturers here – including two of my bosom friends, late Drs Kunle Lawal and Abubakar Momoh, May Almighty God continue to grant them eternal rest.

“Forty years after – the skeptics have been proved wrong. For this, one must commend the vision and foresight of the political leaders at the time exemplified by the incomparable LKJ, late  Alhaji Lateef Kayode Jakande.

“His colleagues in the LOOBO states also  established similar universities in Ogun, Ondo and Bendel thus pioneering the establishment of State universities similar to the founding of regional universities in Ife, Nsukka and Zaria by the regional governments in the 1960s.

“One must also commend the diligence and passion put into the growth and development of the University by successive Governors. A cursory glance at the latest University Webometric Survey indicates that in terms of quality and standard, Lagos State University ranks amongst the most sought after in the country. We must commend the University leadership for building on the success over the years.”

On the award, Fayemi commended the university for considering him worthy saying “This Honorary Doctorate degree has been awarded for services rendered in defence of human rights, national integration and security in Africa.

“For me, I wholeheartedly accept the honour. Blessed is the political figure who, at the end of a period of service, is able to wake up and find  himself buffeted with such goodwill as LASU has generously showered on me and fellow honorees. I want to pledge before this august gathering that we shall be worthy ambassadors of this great university.”

OPINION: Buhari’s Legacy Puts Tinubu in Tight Spot

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Azu Ishiekwene

By Azu Ishiekwene

Those familiar with road travel before fancy luxury buses and jeeps displaced wooden-back Bedford light trucks, famously called mammy wagons, might remember this ubiquitous message in cursive, bright colours scrawled on the rear and sometimes on the sides of trucks plying highways in Nigeria’s South-East: “No condition is permanent.”

I’m not quite sure what the motivation was. My guess is that it was a message of comfort to the despairing and a warning to those who take life too seriously: No condition is permanent.

True in life as in politics, that message rang again this week with wide-sweeping changes announced by President Bola Ahmed Tinubu that could affect top appointees in up to 567 parastatals, government departments and agencies.

You would be forgiven to think it was not a transition from one All Progressives Congress (APC) government to another. The scope, speed and extent of the changes from Tinubu’s inauguration on May 29, make it look like a hostile takeover, the sort of thing one might have expected if the opposition had won the presidential election.

No one is exactly sure of the number of persons that may have been affected by the changes announced this week. But even if allowance is made for a few parastatals whose CEOs may remain in place and will now report directly to the President, instead of the boards which have now been dissolved, we may be looking at over 3,000. That is, assuming that each of the roughly 570 affected establishments has a board of at least six members. Often, the figure is higher.

Regardless, every job loss is different in its own way, both in how it affects those directly involved and those who depend on them. Each political appointee has a personal story not conveyed in the usual press headlines of how many have been beheaded, politically, and how many more heads may roll. Like sharks, the press loves the smell of blood, as long as it is not their own.

It doesn’t matter how prepared those fired may be, they never seem prepared enough when the hammer eventually falls. It’s human nature. And those who take their place never fully learn the lesson of the message on the back of those South-East bound trucks until they, too, become victims.

Imagine, for example, the response of former Secretary to the Government of the Federation, Babachir Lawal, when six years ago he was told of a statement by the Presidency announcing that he had been removed as he emerged from a meeting in the Presidential Villa.

“Who is the Presidency?”, Lawal asked State House reporters in a voice full of blessed self-assurance.

Well, that was his last question as SGF. He found, to his shock and surprise, that no condition is permanent. He had indeed been removed “with immediate effect,” with barely enough time to gather his files.

He should have learned from the public encounter of the great Nnamdi Azikiwe with Dr. Ukpabi Asika, who had been seconded by the military from the University of Ibadan to be civilian administrator of the East-Central State. Azikiwe had criticised Asika’s administration and the administrator didn’t like it at all.

He replied mocking Azikiwe as “ex-this, ex-that, and ex-everything else,” adding that Azikiwe was just a politician craving relevance.

Azikiwe, who had the gift of asking his adversaries to go to hell and still make them look forward to the trip, replied Asika that one day, he too, would be ex-administrator of the East-Central State, as Asika’s father had also become ex-post master general of the post office in Onitsha, his hometown. The message on the back of the mammy wagon, he told Asika, is the inevitable story of every appointee: No condition is permanent.

Leader of the APC and former governor of Osun State, Bisi Akande, among the lucky few who lived to tell his own story recalled in My Participations, how in 1984 after General Muhammadu Buhari’s military coup, “fallen big men of yesterday wept like babies” when soldiers descended on them as was often the case during military rule.

In the last 24 years of civilian rule, the experience of political appointees has been somewhat different. Perhaps former President Olusegun Obasanjo holds the record of the highest number of federal firings, especially after he retired scores of military officers who had been “politically exposed”, and followed up with public sector reforms that left even scores more out of jobs.

Perhaps because Obasanjo’s successors between 2007 and 2015 were also from his Peoples Democratic Party (PDP), and also because of his longevity in office, no other PDP president after him retired or sacked as many political appointees as he did.

Sixteen years after Obasanjo left office, Tinubu, a president from a rival party, appears ready to upend a record that once again reminds the public of the message on the back of the mammy wagon.

Even Buhari, who took over the reins of power as president from the opposition and matched Obasanjo’s two-term four-year tenure, did not seem to have the amount of appetite for table-shaking that Tinubu has shown in less than one month in office.

Apart from retaining the service chiefs he inherited from former President Goodluck Jonathan for nearly three months, for example, Buhari also retained the suspended Central Bank Governor, Godwin Emefiele, and a number of heads of MDAs, first appointed by Jonathan.

Of course, Buhari made some changes. But with a few exceptions, he seemed to make changes only at gunpoint. Which was neither necessarily strategic nor carefully thought out.

There were cases where as a result of poor record-keeping, for example, appointees whose tenures were due escaped removal or where the president yielded to political pressure to extend the tenures of persons who had no business staying on.

Buhari’s 30-year absence from power, his nearly zero rigorous public activity after office, his narrow, clerically-biased social circle, and his introverted style were major handicaps after his election as president.

His poor health in his first term did not help matters also. Yet, not a few close to him said once he made appointments, he had a tendency to abdicate rather than delegate responsibilities, often letting some of his appointees run amok.

That is partly why Tinubu’s actions in the last few weeks, especially the sackings this week, are looking like a hostile takeover.

But they are not. A number of the decisions taken by Tinubu since he assumed office, particularly the removal of petrol subsidy and unification of the exchange rate, were long overdue. Buhari ignored calls to act, even from a few inside his inner circle, choosing instead to bury his head in chaos under a rubble of debt.

As for the dissolution of the boards and the removal of service chiefs, it’s a ritual of every new government. The problem, in Buhari’s case, was a frighteningly bizarre absentmindedness or perhaps indifference, that left vital positions, especially in the Judiciary, unfilled; and overdue retirements unattended or indulged by unwarranted extensions.

On the whole, under Buhari, it seemed, once appointments were made, “all conditions were permanent!”

To be fair, accusations of nepotism against him during his first term were not entirely justified, at least up to December 2018. The data which I obtained from the Presidency at the time showed a distribution of 278 to 289 in the appointments of heads of parastatals and Federal agencies between the South and the North, as a whole.

Contrary to the trope of nepotism at the time, the North Central and South West had 102 and 101 respectively. The story changed in Buhari’s second term. And now, the public is watching to see how Tinubu, who has started the difficult task of correcting the outrageous lopsidedness in Buhari’s second term, manages the process.

Announcement of new policies and personnel changes, however crucial they may be, are only a form of signalling. The more difficult part would be what follows next, especially the institutional changes required to make public offices more responsive, less amenable to the whims of appointees and accountable and service-driven.

For now, I recommend the message on the back of the mammy wagon to both the incoming and outgoing appointees: No condition is permanent.


Ishiekwene is Editor-In-Chief of LEADERSHIP

Obi Faults Proposed 114% Salary Increment For President, Govs, Says It’s Insensitive

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Peter Obi

The presidential candidate of the Labour Party, Peter Obi, has faulted the Revenue Mobilisation, Allocation and Fiscal Commission on its proposed 114 per cent increase in the salaries of elected politicians, including the President, vice president, governors, and lawmakers.

Chairman of the commission, Muhammadu Shehu, who was represented by RMAFC commissioner from Kebbi State, Mrs Rakiya Tanko-Ayuba, dropped the bombshell on Tuesday in Birnin Kebbi, the state capital, while presenting the reviewed remuneration package of political and judicial office holders to the State Governor, Dr Nasir Idris.

However, faced with criticisms over the move, the Public Relations Officer of the Commission, Christian Nwachukwu, attempted moderating the disclosure, stressing that President Bola Tinubu has not given approval for the increment of salaries of public servants.

But Obi described the recommendation as insensitive, especially coming at a time the country is still struggling with minimum wage with over 133 million Nigerians living in abject poverty.

In the views of the former Anambra state governor, the leaders and public officeholders should rather focus on cutting the cost of governance, alleviating the sufferings of Nigerians.

Obi made the remarks in his verified Twitter handle on Thursday.

He tweeted, “I learnt with great reservation, the approval of a 114% increase in the salaries of elected politicians, including the President, vice president, governors, lawmakers as well as judicial and public office holders by the Revenue Mobilisation, Allocation and Fiscal Commission.

“This is not the appropriate time for such a salary increment if it is at all necessary. We are living in a time when an average Nigerian is struggling with many harsh economic realities, and with over 130 million Nigerians now living in poverty. This is a moment when recent reform measures by the government have increased living costs astronomically.

“One would expect the leaders and public officeholders to focus on cutting the cost of governance, alleviating the sufferings of Nigerians. This moment calls for creative ways of pulling the majority out of poverty. In the immortal words of Shakespeare’s Julius Caesar, ‘What touches us ourself shall be last served.’

“The leaders, therefore, should prioritise what affects the masses and those on the lower strata of society over themselves. The sacrifice, at this time in our nation, should be borne by the leaders. The increment should be reversed immediately, and the savings should be devoted to fixing education, healthcare and poverty alleviation especially in the remote rural areas.”

Imo Govt Gets Ultimatum To Implement White Paper Indicting Okorocha of Looting N130b

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Imo State Government has been given a one month ultimatum to fully implement the White paper that indicted the immediate past Senator that represented Imo West, Owelle Rochas Okorocha, of looting more than N130 billion from the State’s coffers while he was Governor.

At a world press conference in Owerri Wednesday, a Non Governmental Organization ( NGO), Sincere Concern Organization Inc, regretted that the non implementation of the White paper has emboldened the former Governor to attempt to return to Government through a proxy.

The Director General of the Organization, Mrs Foluke Olabimbe Lemechi said the group was saddened that two years after the publication of the White paper which indicted the former Governor of wide spread looting, the Government was foot dragging on the issue.

It noted that Okorocha has taken advantage of that lacuna to now plot on how to sponsor a candidate for the November Governorship election in Imo State so as to escape justice.

It declared: “We don’t want the victims of Okorocha’s bringandage and open robbery to die before the emperor is brought to justice. We don’t want to wait until Okorocha succeeds in installing a stooge as Governor to continue the looting spree before he is stopped.”

The group disclosed that if at the expiration of the one month ultimatum, the Imo State Government has not moved against Okorocha to return the stolen money and assets, it would mobilize the youths to act through lawful means.

The group said: “if after the expiration of the ultimatum, Okorocha has not returned the money or he is not in jail, we  shall take lawful steps to ensure that justice is served so that would be Public Office holders would not think that it is a norm to steal from the public purse and go scot free.”

The NGO which commended the State Government for recovering the KO Mbadiwe University and Palm Garden Estate from Okorocha, however urged it to do more in the interest of Imo people.

It recalled that the Commission of Inquiry which was set up by the government of Hon Emeka Ihedioha had indicted Okorocha of looting more than N130b through phoney contract awards while he and his family appropriated Government and private lands to themselves.

The group feared that the non prosecution and possible jailing of the former Governor was responsible for his current grandstanding of planning to install a stooge as Governor.

“We are saddened  that those who looted the assets and money of the State are still walking free and even planning to return to power to finally bury the State through corruption,” it lamented.

Ekiti: Residents Bemoan Rise In Flooding, Call For Government Intervention

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Biodun Oyebanji

By Ayodele Oni

Residents of Ado Ekiti, capital of Ekiti state are counting losses caused by continued heavy downpour in the town.

Virtually major township roads within the metropolis have been taken over by flood, while residential houses are being vacated due to intensity of flood.

Investigation reveals that the drainages have collapsed as a result of heavy flooding thereby diverting water to houses.

Meteorologists had earlier warned that some parts of Ekiti are prone to flooding as a result of heavy downpour, while government has intensified effort to curtail it.

There are indications that more areas are still going to be affected by flooding as the state has only witnessed heavy downpour in the month of June.

To reduce damage by flooding, the state government has embarked on dredging of major rivers within the state capital, while it embarks on sensitization of residents to stop dumping refuse inside existing drainages.

Some landlords and residents of Ikeja Avenue, Adere, have appealed to the State Governor, Mr Biodun Oyebanji to quickly rescue them from incessant flooding affecting the area.

A late night heavy downpour on Wednesday ravaged the area with flood forcing out residents from their homes.

Some of the landlords who spoke with newsmen appealed to the Governor to dredge the canal connecting Federal Polytechnic, Satellite Campus to Abe Cocoa for free flow of erosion.

Also, they called on the ministry of environment to check indiscriminate dumping of refuse and plastics into the canal as such was blocking the water flow.

Residents of Onala area off Afao road have equally appealed to the government to dredge the river which passes through the community, an exercise which was last carried out in 2014.

They claim they now sleep with an eye closed to avoid being caught unaware by flood.

Salary Increase For Political Office Holders Now Is Ill-Timed – Presidency

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Bola Ahmed Tinubu

By Ayodele Oni

Contrary to media report, President Bola Tinubu has clarified that his administration has not approve any increase in salary for political office holder.

A statement on Thursday by the special adviser, communications and strategy, Dele Alake stated that “We have followed with consternation the viral story of the purported 114% increase in the salary of the President, Vice President, elected Federal and State political office holders and judicial officers.

“We state without any equivocation that President Bola Tinubu has not approved any salary increase, and no such proposal has been brought before him for consideration.

“While we recognize that it is within the constitutional remit of Revenue Mobilisation, Allocation and Fiscal Commission to propose and fix salaries and allowances of political office holders and Judicial Officers, such can not come to effect until it has equally been considered and approved by the President.

“It is important to note that RMAFC, through its Public Relations Manager, has responded to this fake story being circulated and has already set the record straight.

“However, that this unfounded story gained prominence on social media and in a section of mainstream media, again, brings to the fore the danger fake news poses to the society and our national well-being.

“The misinformation was, obviously, contrived to create ill-will for the new administration, slow down the upward momentum and  massive goodwill the Tinubu-led administration is currently enjoying among Nigerians as a result of its fast paced, dynamic and progressive policies.

“It is important to reiterate to  journalists, media managers, and members of the public that  stories on government activities and policy issues that do not emanate from approved official communication channels should be ignored.

“Media practitioners are enjoined to, at all times, cross-check their stories to ensure accurate reportage, which is the hallmark of responsible journalism.”

Obi Endorses ‘Japa’ Wave, Says It Will Be Tomorrow’s Gain

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Peter Obi and Bill Gate

The Presidential Candidate of the Labour Party, Peter Obi, has declared his support for the growing exodus of Nigerian professionals in search of greener pasture, popularly known as ‘Japa’ which American billionaire Bill Gates said it’s healthy for the country.

Obi in a tweet on Thursday said that he agrees with “Bill Gates’s recent comment on the “Japa” syndrome, where, according to reports, he stated that the recent surge of Nigerian professionals leaving the country for greener pastures is good and healthy for our country”

Obi who took the same stand during the Presidential campaign said that he had

“always preached and maintained this same position on the “japa wave”. For years now, and throughout my campaign in the last Presidential election, especially during my tours from Canada, the USA, Germany, the UK, and other countries”

“I maintained that “Our brain drain today will be our brain gain tomorrow.” Nigerians leaving the country may look like a loss today, but when we start doing the right things and taking the governance of our nation more seriously, the knowledge and resources from them will be critical in the building of the New Nigeria, as it happened in China, India, Ireland, and other developing countries.

The former Anambra state Governor noted that “Today, India prides itself as one of the countries with the biggest tech talents in the world, having produced some of the world’s top engineers and computer scientists. Many top global tech companies are headed by CEOs of Indian origin.

“So India’s success in the tech industry can partly be attributed to its ability to harness the knowledge and resources of Indians in the diaspora for their national growth.

The Labour standard bearer said optimistically, that “Nigeria will grow and develop on all fronts when we build the New Nigeria that prioritizes investment in education, health, and support for small businesses, guarantees respect for the rule of law, security of lives and properties, and unity of the nation.

And after “Then our diasporan Nigerians around the world will return home with their global training, skills, and resources, to immeasurably contribute to building a New and better Nigeria. We will not give up on our dreams for the New Nigeria.