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President Bola Tinubu will present the 2025 Appropriation Bill to the National Assembly on Tuesday 17th December.

The Senate President Godswill Akpabio made this known during the announcement at the Thursday plenary on the floor of the Senate.

“The president has made his intention known to the National Assembly to present the 2025m budget to the joint session of the National Assembly on the 17th of December, 2024.”

Akpabio announced that the budget presentation will take place at the House of Representatives Chamber.

Source: https://dailybrief.ng/president-tinubu-to-present-2025-budget-tuesday/
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Security operatives have dispersed protesters in the Karu area of the Federal Capital Territory (FCT) after multiple attempts.

The protesters had begun assembling when security agents intervened, arresting three individuals. An eyewitness, Ibrahim Sani, reported that the police used teargas to control the situation before making arrests.

“I was shocked when I saw some people gathering at Karu. I thought the gathering was supposed to be in town. The police came and dispersed the protesters with teargas. They arrested about three people that I saw,” he said.

It was reported that security operatives are stationed throughout the nation’s capital to monitor the situation and prevent any breakdown of law and order.

On the fifth day of nationwide protests in the FCT, there has been increased vehicular movement; however, government offices remain largely deserted. The Federal Secretariat in Abuja is open, but most officials from Ministries, Departments, and Agencies (MDAs) are scarce in their offices, likely due to concerns that protesters might return and clash with security operatives.

Similarly, security personnel reportedly fired teargas at protesters at the Moshood Abiola Stadium in response to agitation to move the protests into town.

Source:[url] https://dailybrief.ng/security-operatives-disperse-protesters-arrest-3-in-abuja/[/url]

KuCoin, a top crypto-currency platform, has announced that it will begin collecting Value-Added Tax (VAT) on transaction fees for users in Nigeria.

This change is set to take effect on July 8th, 2024, and comes in response to new regulatory requirements.

According to the announcement, users whose Know Your Customer (KYC) information is registered in Nigeria will incur a VAT rate of 7.5 per cent on transaction fees for each trade conducted on the KuCoin platform.

The VAT will be specifically applied to the transaction fees, not the transaction amount. This policy will cover all types of transactions available on the KuCoin platform.

The platform said the measure aims to align with local tax regulations and ensure compliance with the country’s financial policies.

“VAT will be applied specifically to the transaction fees, not the transaction amount. This policy will cover all transaction types available on the KuCoin platform,” it said.

Recall that in May 2024, KuCoin suspended all Naira transactions on their Peer-to-Peer (P2P) trading platform, highlighting ongoing adjustments in response to regulatory concerns in Nigeria.

Nigeria will be one of the first countries in Africa to tax cryptocurrency directly.

Read more: https://dailybrief.ng/crypto-platform-kucoin-announces-tax-implementation-for-nigerian-users/

President Bola Tinubu will today June 12th 2024 unveil the world’s largest painting portrait on a canvas to commemorate the 25th anniversary of Democracy in the country.

Speaking in an interview with Arise News on Wednesday morning, the coordinator of the painting, Opeyemi Alaba, said the president would unveil the painting today at Eagles Square, Abuja.

He described the painting as a message of hope for Nigerians and the African continent.

Read full report: https://dailybrief.ng/june-12-president-tinubu-to-unveil-worlds-largest-painting-portrait/

The final report of the Kaduna State House of Assembly Adhoc Committee set up to investigate the tenure of ex-Governor Nasir El-Rufai has accused the former governor of several corrupt practices.

In the 175-page report submitted to Governor Uba Sani on Thursday, the lawmakers accuse the ex-governor of syphoning billions of Naira through proxy companies and individuals.

Under “general findings on all MDAs” the lawmakers said the sum of N11.8 billion was paid to the account of two individuals under the guise of a joint venture for the proposed Kaduna light Rail project said to be a public-private partnership arrangement.

The report says the transaction was authorised by the office of the governor and the commissioner for finance in a move described as “possible diversion of funds through individual bank accounts.”

“Per the committee review of Indo Kaduna MRTS JV a joint venture for the proposed Kaduna light Rail project in public-private partnership with Skipper Nig. ltd.

“Funds were transferred to two (2) individual account as follows: Nuren Mumeen Damola; 10,899,300,000 and Uzosike Chinedu 188,380,906.76 11,087,680,906.76,” the report reads.

The report also accused El-Rufai of further diversion of N18 billion of state funds through the registration of SPV, Indo Kaduna.

“The committee noted that the whole idea of registering an SPV was unclear and misnomer and out of sync with the industry practice. A further significant concern is that KDSG was not represented in the company by way of share allotment and directorship.

“The lead company allotted 99.99% of the company’s shareholding to an unknown entity i.e Indo Kaduna MRT Private Ltd. Additionally, KDSG is not represented in the JV company i.e Indo Kaduna MRTS JV Ltd.,” it stated.

The report also accused El-Rufai of “gross violation of governance” by giving authority to individuals who were not government officials.

The committee noted that “during the previous administration that certain individuals dominated the state affairs such as Mr. Jimmy Lawal who served as senior counsellor to the Governor. He gives approvals and all other government officials report to him for approvals despite the fact he was not holding any constitutionally recognised position.

“He also brought in several companies/contractors to the State, amongst which include Skippers Nigeria limited. These companies were fronts of the Senior Adviser-Counsellor which he used to defraud the State. “

El-Rufai was also accused of using Jimmy Lawal to procure “Unethical and unjustified loan facility resulting to additional debt burden to the state.”

“It was noted, that the council approved a loan facility of 7.5 billion to judiciously finance the KSPL JV Project.

“The facility was initially agreed to be obtained from Zenith bank but there was a change decision to rather take the loan from United bank of Africa whose interest rate was higher than that of Zenith by 2% which resulted to over 600 million interest rates. Additionally, it was gathered that the decision to obtained the loan was solely influence and negotiated by the Senior councillor to the Governor (Mr. Jimi Lawal).”

Credit: https://dailybrief.ng/how-el-rufai-paid-n11-8bn-into-private-accounts/

The recent arrest and sentencing of Nigerian social cross-dresser, Idris Okuneye, also known as Bobrisky, on charges of naira abuse by the Economic and Financial Crimes Commission (EFCC), have sparked significant controversy and raised pertinent questions about the fairness and consistency of our legal system. While it’s crucial to uphold the law and prevent financial misconduct, the manner in which Bobrisky’s case has been handled warrants scrutiny and reflection.

Bobrisky’s case is particularly troubling due to several factors. Firstly, he pleaded guilty to the charges and was subsequently sentenced to six months in jail. However, it’s essential to note that there are numerous other individuals, including celebrities and politicians, who have been accused of similar offenses but have not faced similar consequences. This glaring inconsistency in the application of justice undermines the integrity of our legal system and erodes public trust.

Moreover, Bobrisky is a first-time offender, and instead of being offered the opportunity to utilize his influential social media platform to educate the public about the proper handling of the Nigerian currency, he has been met with punitive measures. As someone with a substantial audience and followership, Bobrisky could have been a valuable asset in promoting financial literacy and responsible behavior. Instead, he has been deprived of the chance to contribute positively to the society.

The disparity in treatment becomes even more evident when comparing Bobrisky’s case to that of Pascal Okechukwu, widely known as Cubana Chief Priest, who was arraigned for the same offense but was bailed ten million naira instead of facing imprisonment. This stark contrast raises serious questions about the fairness and impartiality of our legal system. How can we strive for a better society when injustice prevails, and the rule of law is applied selectively?

Furthermore, the circumstances surrounding Bobrisky’s arrest raise suspicions of bias and discrimination. It’s difficult to overlook the fact that he is a cross-dresser, and this aspect of his identity may have influenced the harsh treatment he has received. In a country that prides itself on its commitment to equality and justice, such unfairness has no place.

In light of these concerns, we must demand accountability and transparency from our law enforcement agencies and judicial system. Regardless of their status or identity, every individual should be treated fairly and afforded due process under the law. It’s time to address the systemic flaws that allow injustice to flourish and ensure that our legal system upholds the principles of equity and fairness for all.

The case of Bobrisky serves as a reminder of the urgent need for reform and underscores the importance of advocating a more just and equitable society. We must stand together in condemning discrimination and injustice in all its forms and work towards building a nation where the rule of law applies equally to everyone. Anything less would be a betrayal of our values and a disservice to the ideals of justice and equality.

Source: https://dailybrief.ng/applying-the-law-between-bobrisky-and-cubana-chief-priest/

President Bola Tinubu recently signed into law the amended Students Loan ‘Access to Higher Education’ (Repeal and Re-enactment) Bill, marking a significant stride towards fostering education accessibility in Nigeria. The revisions, following consideration by both chambers of the National Assembly, aim to address the shortcomings of the previous legislation.

According to the Federal Government, the repealed Student Loan Act, 2023, had some challenges bordering on governance, management, purpose of the loans, eligibility criteria for applicants, method of application, repayment provisions, and recovery of the loans.

Eligibility Criteria for Application

The Students Loans Act 2024 expands the eligibility of those who can apply for this loan to all Nigerian students admitted into both federal and state government tertiary education institutions and vocational or skills acquisition institutions licensed by the federal government.

The new act eliminates the requirement for the applicant or their family to have an annual income of less than N500,000. Under the new act, applicant’s family income is no longer taken into consideration. The earlier guarantor prerequisites of a civil servant of at least level 12, a lawyer with at least 10 years post-call experience, or a judicial officer, or a justice of peace have been replaced with a more comprehensive application and identity verification processes

Management and Administration of the fund

The amended act removes the administration of the Fund from the Central Bank of Nigeria. It establishes the Nigerian Education Loan Fund (NELFUND) as a corporate entity, which is responsible for the administration of student loans. It replaces the Executive Secretary of the Fund with a Managing Director, to be appointed by the President and supported by three Executive Directors with 5-year tenures.

The Act retains 1 per cent of all taxes, levies and duties collected by the Federal Inland Revenue Services (FIRS) as a source of funding for NELFUND and removes the 1% of taxes, levies and dues accruing to the Nigeria Immigration Service and Customs Service as a source of funding as contained in the repealed Act of 2023.

Furthermore, it establishes a General Reserve Fund and stipulates National Assembly appropriation, investment income, charges and fees by NELFUND and repayment of interest on loans as some sources of funding.

Also, the Act establishes a Board of Directors for the Fund, to be headed by a non-executive Chairman. It makes provision for the Board of the Fund to make specific regulations regarding the process of loan applications and the criteria for granting loans in each financial year.

Loan Repayment

While the repealed Students Loans Act 2023 criminalised failure to repay loans, the 2024 Act provides that loan repayment may be waived in the event of death, cases of hardship, or acts of God causing inability to repay the loan amount or where the cost of recovery exceeds the amount being sought. The 2024 Act maintains that loan recovery efforts are to be initiated two years after a recipient of a student loan completes the National Youth Service Corps (NYSC) programme. However, it provides that a recipient of a student loan may request an extension of enforcement by providing an affidavit to the effect that he or she is unemployed and is not receiving any income.

The expanded eligibility criteria and relaxed requirements for loan applicants may lead to a surge in demand, potentially straining available resources. Addressing this challenge will require prudent management and strategic allocation of funds to meet the demand for educational financing.

Overall, the Student Loan Act is a welcome development. If implemented properly will lead to an increased access to higher education in Nigeria and also more funding to drive positive impact in the educational sector.

Source: https://dailybrief.ng/all-you-need-to-know-about-amended-students-loan-act/

In finding a lasting solution to the security challenges faced by the country, high on the Renewed Hope Agenda of President Bola Tinubu are three major national security threats – terrorism and violent extremism, oil theft, and secessionist agitation. The president made it clear that he wanted better synergy, collaboration and coordination. His choice of heads of security and intelligence agencies points to his disposition and commitment towards tackling all forms of insecurity in the country.

At several forums, both the president and the National Security Adviser (NSA) Mallam Nuhu Ribadu made the desire clear about entrenching synergy among the security forces to tackle national security. The present administration has also emphasised the whole-of-government and whole-of-society approaches to facing Nigeria’s security challenges.

From the collaborative efforts that led to a significant increase in oil production to crucial intervention in activities capable of crippling the economy, experts agree that the impact of better collaboration, synergy, and, especially, coordination by the Office of the National Security Adviser (ONSA) is being felt across the country.

Early in February, to underscore the importance of bilateral and multilateral collaboration, Nigeria hosted the second edition of the UK-Nigeria Security and Defence Partnership Dialogue, through ONSA, led by the NSA. The UK delegation was led by the Deputy National Security Adviser, Dame Sarah Macintosh, who said Nigeria and the UK operate in a relationship of mutual respect and supportiveness.

As a follow-up to those resolutions in 2022, the dialogue explored further areas of cooperation in cyber security; countering terrorism and violent extremism; kidnap response; defence cooperation; policing and civil-military relations; human rights; women, peace and security; serious and organised crimes; and regional security and ECOWAS.

Such meetings are particularly important for regional and sub-regional security, judging by the key role Nigeria played in stabilising and calming down nerves across the West African region following tensions as a result of coups in three ECOWAS countries.

Perhaps some of the deft and noteworthy interventions the NSA has been involved in recently happened between February and March, when there were collaborative roles played in the recovery of the Nigerian currency – the naira – after it plummeted. and have so far ensured that the economy of the country is not sabotaged by enemies within and their foreign collaborators.

In a concerted effort to safeguard Nigeria’s foreign exchange market and combat speculative activities, ONSA and the Central Bank of Nigeria (CBN) joined forces to address challenges impacting the nation’s economic stability. Following intelligence reports about continued illicit activities within the Nigerian foreign exchange market, the ONSA and CBN embarked on a collaborative approach to tackle those infractions. The partnership also involves a coordinated effort with key law enforcement agencies, including the Nigeria Police Force (NPF), the Economic and Financial Crimes Commission (EFCC), the Nigeria Customs Service and the Nigeria Financial Intelligence Unit (NFIU).

The primary objective of the alliance was to systematically identify, thoroughly investigate and appropriately penalise individuals and organisations involved in wrongful activities within the FX market. By leveraging the expertise of these agencies, the collaboration is deterring malicious practices, protecting investor interests, and promoting sustainable economic growth, as witnessed in the continued rebound of the naira.

In addition, the NSA directed operatives of the NPF, the EFCC, the Nigeria Customs Service and the NFIU, to clamp down on forex market speculators as part of efforts to safeguard Nigeria’s foreign exchange market and combat the activities of speculators, both domestic and international, operating through various channels. Shortly after, ONSA confirmed the arrest of two Binance crypto exchange platform executives as part of the investigation into forex speculation and an attempt to save the naira. The suspects are now being prosecuted over allegations of tax evasion and money laundering.

In between those interventions, the NSA led heads of security and intelligence agencies to the Senate for a crucial meeting to compare notes and be on the same page. When the much-anticipated meeting between the Nigerian Senate and heads of security and intelligence agencies on the state of insecurity was eventually held, Senate President, Godswill Akpabio, said after the close to 10-hour meeting that the legislative arm of government was impressed with the determination of the security and intelligence heads.

“For the security chiefs, we assured them of not just the support of the Senate, but the entire National Assembly. We passed a vote of confidence on them,” Mr Akpabio said.

That same month, the National Centre for the Control of Small Arms and Light Weapons (NCCSALW), embedded in ONSA, retrieved 20,000 small arms and 60,000 units of ammunition in Nigeria. The NCCSALW replaced the defunct Presidential Committee on Small Arms and Light Weapons (PRESCOM) and is the national coordination mechanism for the control and monitoring of the proliferation of small arms and light weapons in Nigeria.

On food security, to ensure transparency in the distribution of the 42,000 metric tons of grains recently released from the strategic food reserve to ameliorate the suffering of vulnerable Nigerians, ONSA, in collaboration with the National Emergency Management Agency (NEMA), also developed a distribution template.

In March, the Northern Governors’ Forum agreed with service chiefs to adopt new methods to address the recent spate of kidnappings in the region after a meeting with NSA Ribadu, and service chiefs to review the security situation. The governors agreed to adopt alternative options to tackle the challenge.

Commending the security agencies, the Chairman of the forum and Governor of Gombe State, Inuwa Yahaya, said: “Already the military and all other security agencies have been doing their best. What we need to do is to change style, especially adding the non-kinetic approach, so that at the end of it when we join the two, we’ll have a better security situation in the country.”

When 173 students were adopted in Kuriga town, Chikun local government area of Kaduna State, a swift and coordinated effort led to their rescue, prompting Governor Uba Sani to commend the unwavering dedication of the NSA and the collective commitment of service chiefs and security personnel. A few weeks later, on 21 March 2024, the military, working with local authorities and government agencies across the country, in a coordinated search and rescue operation, rescued 16 pupils with a woman in Gada LGA of Sokoto State 12 days after they were abducted by terrorists. Like his Kaduna counterpart, Governor Ahmed Aliyu of Sokoto State expressed heartfelt appreciation to the military, alongside other security agencies and ONSA for their dedicated efforts in successfully rescuing the abducted students.

According to sources, apart from these rescues, the security and intelligence agencies working together to preempt and prevent terrorist attacks which have led to several key bandit leaders neutralised through special operations on combat grounds. Recall that, in February, troops neutralised Isyaku Boderi, a notorious bandit who masterminded several high-profile attacks, including the kidnap of Yauri schoolgirls, Greenfield University, breach of the Nigerian Defence Academy, and the killing of many villagers.

According to the Defence Headquarters, the troops neutralised no fewer than 2,352 terrorists, apprehended 2,308, and rescued 1,241 kidnapped hostages in different operations nationwide between January and March. Aside from Boderi, other terrorist commanders were killed during that time, including Abu Bilal Minuki (aka Abubakar Mainok), the Head of Is-Al Furqan Province of ISGS and ISWAP.

Challenges persist, but experts say at the heart of these positives are improved collaboration and coordination of efforts which marks a shift in thinking spearheaded by ONSA.

By Stanley Ebube

Source: https://dailybrief.ng/national-security-onsa-sustains-momentum/

In a landscape of economic challenges and uncertainties, President Bola Tinubu’s administration has embarked on bold reforms to steer Nigeria towards sustainable growth and prosperity. These reforms, though met with initial skepticism and discomfort, are beginning to yield promising results, signaling a hopeful trajectory for Nigeria’s economy.

One of the cornerstone reforms undertaken by President Tinubu was the courageous dismantling of petrol subsidy upon assumption in office, a move that reverberated across the nation. While it initially led to significant price hikes, averaging 163 percent, it was a necessary step to liberate Nigeria from the grip of dependency. Such measures, albeit painful, are essential for laying the groundwork for long-term economic resilience.

Furthermore, the shift towards a unified, market-reflective foreign exchange rate has unlocked doors to easier access to foreign exchange and imported inputs. This may guarantee a future fostering an environment where Nigerian entrepreneurs can pursue their dreams without the looming threat of currency instability. President Tinubu’s administration has set the stage for a more conducive business environment, conducive to growth and innovation.

The Nigeria Development Update, a report by the World Bank, echoes the sentiment of hope, highlighting the positive impact of Tinubu’s reforms on the economy. Despite initial challenges, including inflation reaching nearly 30 per cent annually, the report emphasises the necessity of continuity in sustaining these reforms. It underscores the importance of complementary actions and interventions to alleviate the hardships faced by vulnerable households.

The results of the reforms speak volumes. In the fourth quarter of 2023, Nigeria witnessed a commendable 3.46 per cent year-on-year GDP growth, outperforming the previous quarter. Capital importation into the country surged by 66 per cent, reversing a decline experienced earlier. Additionally, the removal of the petrol subsidy has led to a significant reduction in importation, signaling progress towards fiscal sustainability.

Moreover, Nigeria’s stock exchange ASI crossed the historic 100,000 mark in January 2024, reflecting investor confidence and optimism in the nation’s economic prospects. With the recent clampdown on crude oil theft by security agencies, oil production has also seen an uptick, further bolstering the country’s revenue streams and economic resilience.

However, it is crucial to acknowledge that these reforms have not been without their challenges. Many Nigerians have borne the brunt of temporary hardships, as acknowledged by the president himself, who referred to them as “baby steps of pains” necessary for fixing Nigeria’s deep-rooted problems. No doubt, rising inflation and the depreciation of the naira have tested the resilience of households and exacerbated the cost-of-living crisis.

Nevertheless, international rating agencies have shown confidence in Nigeria’s economic trajectory, with S&P Global Ratings revising its outlook to stable and Moody’s Investors Service upgrading Nigeria’s credit outlook to positive. These endorsements underscore the growing recognition of President Tinubu’s administration’s commitment to fiscal prudence and economic stability.

The present administration’s economic reforms mark a significant milestone in Nigeria’s journey towards sustainable growth. While challenges stare us all in the face, continued reforms and targeted interventions must be implemented to uplift millions of Nigerians out of poverty.

Source: [url]https://dailybrief.ng/tinubus-economic-reforms-and-charting-a-course-for-nigerias-future/
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Togo’s lawmakers have embraced a new constitution, paving the way to transition from a presidential to a parliamentary system. The introduction of this constitutional change, spearheaded by members of the ruling party, marks a notable shift in the political landscape of Togo.

Under the new constitution’s provisions, lawmakers will assume the responsibility of electing the president of the republic for a single term of six years. A novel position termed “president of the council of ministers” has been established, endowed with comprehensive authority to manage governmental affairs. The occupant of this role will emerge from either the majority party leader or the leader of the victorious coalition following legislative elections. Their tenure will span six years.

However, the adoption of the new constitution has been met with skepticism from the opposition, which boycotted the previous legislative elections in 2018 and raised concerns about electoral irregularities. Consequently, the opposition finds itself underrepresented in the national assembly.

Despite the enactment of the new constitution, uncertainty looms regarding its implementation timeline. This ambiguity persists, even as Togo prepares for its upcoming parliamentary election on April 20th, coinciding with regional elections. With approximately 4.2 million registered voters, the outcome of these elections carries significant weight in shaping the nation’s future political landscape.

Togo’s political trajectory has long been characterized by the dominance of the Gnassingbe clan, which has wielded power since 1967. The transition to a parliamentary system signals a potential departure from this entrenched dynastic rule, offering hope for a more diversified and inclusive governance framework.

Read More: https://dailybrief.ng/togo-adopts-new-constitution-moving-from-presidential-to-parliamentary-system/

The Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, has approved the appointment of Commodore Aiwuyor Adams-Aliu as the new Director of Naval Information and official Spokesperson for the Nigerian Navy.

This is contained in a statement by the Chief of Policy and Plans (Navy), Rear Adm. Joseph Akpan, on Friday in Abuja .

Adams-Aliu took over from Rear Adm. Adedotun Ayo-Vaughan who was deployed to Headquarters Naval Training Command as Chief Staff Officer.

The new naval spokesperson, born on Dec. 15, 1977, graduated from the Nigerian Defence Academy in 1999, where he earned a Bachelor of Science Degree in Chemistry and was commissioned into the Nigerian Navy in 2000 as a member of 47 Regular Course.

Adams-Aliu has attended several professional courses including the Captain Career Course at United States Army Infantry School, Atlanta, from 2007 to 2008.

He also attended the Armed Forces Command and Staff College, Jaji, for the Junior and Senior Staff Courses in 2004 and 2010 respectively.

He later graduated from the Naval War College Nigeria in 2018 and the United States Naval War College in 2019.

The new naval spokesman commenced his naval career serving as Watch Keeping Officer onboard various Nigerian Navy Ships from 2000 to 2004, and was a military observer in the United Nations Mission in Liberia from 2011 – 2012.

Adams-Aliu was in charge of Nigerian Navy Ship BENIN and Squadron Commander of SHALDAG Boat squadron from 2013 to 2014.

He served as the pioneer Commanding Officer, Nigerian Navy Ship KARADUWA, the second navy indigenous ship, between 2016 and 2018.

From 2019 – 2020, he served as the Principal Staff Officer (Navy) to the then Chief of Defence Staff, retired Gen. Abayomi Olonisakin (rtd).

Thereafter, from July 2020 to
June 2021, he obtained a Master of Arts Degree in Strategic Security Studies from the National Defence University, Washington DC, where he won the 2021 Most Outstanding International Fellow award of the College of International Security Affairs.

On his return to Nigeria, Adams-Aliu was deployed as Directing Staff and Member of Faculty at the Naval War College Nigeria.

In March 2023, he assumed office as the Commanding Officer Forward Operating Base Badagry, and was later appointed Deputy Director Plans at Naval Headquarters in January 2024.

He was subsequently elevated to the post of Director Naval Information.

His awards and decorations include Passed Staff Course, Meritorious Service Star, United Nations Medal, Nigerian Navy Command at Sea Badge, and Distinguished Fellow of the Naval War College.

Commodore Adams-Aliu is an associate member of the Nigerian Institute of Public Relations and a member of the Chartered Institute of Personnel Management.

He is also a member of the Nigerian Institute of International Affairs, the International Institute of Professional Security, and United States Naval Institute.

Read more... https://dailybrief.ng/navy-gets-new-spokesman/

The United Kingdom will today sign a new agreement with Nigeria to boost trade, investments, and create new opportunities in a variety of sectors.

The UK Department of Business and Trade confirmed this in a statement issued on Tuesday.

According to the statement, Kemi Badenoch, the UK’s business and trade secretary, and Doris Uzoka-Anitie, Nigeria’s minister for trade and investment, will sign the agreement today.

The Enhanced Trade and Investment Partnership (ETIP) is the first agreement signed by the UK with an African country. It is intended to expand the UK and Nigeria’s already thriving trading relationship, which is expected to total £7 billion in 2023.

This new agreement is also expected to remove barriers in the legal services and film industries by allowing UK lawyers to practise international law in Nigeria. It will also promote collaboration between the film and media industries in both countries.

The statement reads:
“It will see Nigeria commit to working towards removing barriers preventing UK lawyers from practising international and foreign law in Nigeria, a step that could significantly increase UK legal services exports.”

“It will also pave the way for further collaboration in the film and media industry and encourage world-leading UK education providers to offer high-quality education in Nigeria.

“Nigeria is the biggest economy in Africa and one of the world’s fastest-growing economies — predicted to be in the top 20 by GDP by 2035.

“It is also predicted by the UN to nearly double its population to over 370 million people by 2050.”

“This partnership with Nigeria — the UK’s first such agreement with an African country — will allow us to work together and seize the opportunities that lie ahead,” she said.

“Nigeria has one of the fastest growing economies in the world. UK businesses have already seen huge success here and I look forward to seeing how we continue to grow this relationship.”

Uzoka-Anitie shared her optimism, hailing the new partnership as a bridge to economic progress.

She emphasised the agreement’s potential to transform historic ties into a thriving trade partnership, aided by increased market access and mutually beneficial exchanges between the UK and Nigeria.

Uzoka-Anitie said:

“The UK is one of our long-standing strategic partners with whom we share strong ties, and it gladdens me that this relationship is set to deepen as we sign the Enhanced Trade and Investment Partnership Agreement.”

“This partnership will see Nigeria-UK relations move beyond one of shared history and strong ties to one of shared economic prosperity.

“From increasing market access and supporting our vibrant businesses to creating more jobs and accelerating greater investments in sectors of mutual interests.”

Source: https://dailybrief.ng/uk-to-sign-trade-deal-to-allow-british-lawyers-practise-in-nigeria/

Source: Daily Brief News

At the ongoing COP 28 summit, Nigeria’s Infrastructure Corporation (InfraCorp) achieved a significant milestone by signing a Memorandum of Understanding (MoU) to launch a groundbreaking 1GW Solar PV manufacturing plant.

This strategic move is poised to unlock the potential of various economic sectors, including agriculture, healthcare, and education, while contributing to Nigeria’s commitment to sustainable development and Net Zero emissions.

The MoU was signed by Dr. Lazarus Angbazo, the Chief Executive of InfraCorp, who represented the government-supported infrastructure investment entity. The partnership involves two key collaborators, Solarge BV of the Netherlands and the African Green Infrastructure Investment Bank.

The proposed solar PV manufacturing plant is anticipated to be one of the world’s first large-scale production facilities dedicated to lightweight solar panels with an ultra-low carbon footprint. This groundbreaking initiative aligns with global efforts to transition towards renewable energy sources and environmentally friendly technologies.

The project’s significance extends beyond its potential to meet energy demands; it is expected to play a crucial role in Nigeria’s commitment to sustainable local manufacturing and the development of critical infrastructure. By focusing on cutting-edge solar technology, the nation aims to make strides in reducing its carbon footprint and achieving Net Zero emissions.

InfraCorp, established and co-owned by the Central Bank of Nigeria (CBN), Africa Finance Corporation (AFC), and Nigeria Sovereign Investment Authority (NSIA), is a government-backed entity dedicated to driving infrastructure investments. Collaborating with Solarge BV and the African Green Infrastructure Investment Bank highlights the global cooperation necessary to address climate change and promote sustainable practices.

Dr. Lazarus Angbazo, expressing optimism about the venture, emphasized the potential positive impact on various economic sectors. The lightweight solar panels produced by the facility are expected to catalyze advancements in agriculture, healthcare, and education by providing a reliable and sustainable energy source.

https://dailybrief.ng/cop-28-nigeria-signs-mou-to-establish-solar-pv-manufacturing-plant/

Source: https://dailybrief.ng/grammys-and-triumph-of-afrobeat-on-global-stage/

The global music landscape has shifted recently, with Nigerian and other African artists emerging as frontrunners in the international music scene. A breakthrough in this recognition came from the prestigious Grammy Awards, where Nigerian musicians have secured nominations yearly.

The rise of Afrobeat
At the heart of this triumph is Afrobeat, a genre that blends traditional African rhythms, highlife, and jazz, believed to have been pioneered by the legendary Fela Kuti. While Afrobeat has deep roots in Nigeria, its contemporary resurgence owes much to Burna Boy, Davido, Wizkid, and others who have fused traditional sounds with modern beats.

Burna Boy’s Grammy triumph
The turning point came in 2021 when Damini Ogulu, popularly known as Burna Boy, clinched the Grammy Award for Best Global Music Album with his masterpiece, “Twice as Tall.” The album captivated audiences worldwide and explores themes of resilience, identity, and the African experience.

Also in 2022, Mr. Eazi, Burna Boy, and Yemi Alade were featured in Angelique Kidjo’s album ‘Mother Nature,’ which won the Best Global Music award at the 64th Grammy Awards.

Burna Boy’s Grammy win was more than just a personal accolade; it was a historic victory for Nigerian and African music. It shattered barriers and stereotypes, proving that Afrobeat is not just a genre but a force that demands global attention and respect.

Wizkid’s Influence

Wizkid, another Nigerian music icon, added his golden touch to the Grammy stage. His collaboration with Beyoncé on the chart-topping single “Brown Skin Girl” earned him the Grammy Award for Best Music Video in 2021.

Wizkid’s impact extends beyond the Grammys. His global hit “Essence” featuring Tems has become an anthem, with its melodies and infectious rhythm capturing the essence of Afrobeat’s global appeal. The song’s remix featuring Justin Bieber catapulted it further onto international charts, emphasizing the collaborative spirit that defines the contemporary music landscape.

The recognition of Nigerian artists at the Grammy Awards signifies a significant paradigm shift in how the world perceives African music. Once considered a distant accolade, the Grammys have become a tangible goal for Nigerian musicians who aspire to showcase their artistry on the global stage.

The increased visibility on platforms like the Grammys reflects a broader acknowledgment of the richness and diversity of Nigerian music. From the highlife sounds of the ’60s and ’70s to the Afrobeat revolution believed to have been led by Fela Kuti, Nigerian music has evolved into a genre-defying phenomenon that blends tradition with modern music.

Prospects for Nigerian music
Looking ahead, the future of Nigerian music appears brighter than ever. The Grammy victories catalyse emerging artists, inspiring them to dream beyond borders and push the boundaries of creativity.

The global embrace of Afrobeat opens doors for collaborations, cross-cultural collaborations, and a renewed appreciation for the cultural richness embedded in Nigerian music. The industry continues to captivate global audiences. With Grammy victories and a surge in international collaborations, Nigerian artists are poised for sustained success. The evolving landscape holds promise for innovation, cultural representation, and a thriving musical legacy on the world stage.

In conclusion, the triumph of Nigerian artists at the Grammy Awards is a win for the entire African continent. Also, it is not only a recognition of musical excellence but a testament to Afrobeat’s cultural impact on the global stage. As the world tunes in to the sounds of Nigeria, the narrative of African music is being reshaped, and the Grammys have become a stage where the beats of ‘Naija’ resonate with the rhythms of the world.

https://dailybrief.ng/grammys-and-triumph-of-afrobeat-on-global-stage/

https://dailybrief.ng/probing-nigerias-refinery-rehabilitation-spending/

The recent call for an investigation into rehabilitation contracts awarded for Nigeria’s state-owned refineries from 2010 to 2023 is a long-overdue step in the right direction. The Senate’s decision to form an ad-hoc committee to uncover waste and mismanagement of public resources in managing the Kaduna, Port-Harcourt, and Warri refineries is a move that should be commended.

It’s no secret that Nigeria, as an oil-producing nation, should have been enjoying the benefits of self-sufficiency in petroleum production. However, the sorry state of the nation’s refineries is a stark reminder of missed opportunities and a lack of transparency in the management of public funds. The fact that billions of naira have been spent on rehabilitation and maintenance projects with little to show for it is deeply troubling.

Experts have consistently stressed that the launch of the Dangote Refinery could be a game-changer for Nigeria’s energy sector. However, the question that arises is why successive administrations allowed the country’s refineries to deteriorate to such a point that a single private project could outshine them.

The Senate motion rightly points out that between 2010 and 2020, Nigeria spent over N6 trillion ($ 7bn) on fuel subsidies due to its low refining capacity. This is a glaring illustration of the financial drain caused by the inefficiency of the refineries. Despite these massive financial injections, the refineries have mainly remained non-functional, continuously relying on imported petroleum products.

The investigation by the Senate ad-hoc committee should aim to uncover the reasons behind the failure of these rehabilitation projects. Are they a result of mismanagement, corruption, or a combination of factors? It is crucial to determine whether there was a lack of proper oversight in these projects or if they became opportunities for a few to enrich themselves at the expense of the nation’s well-being.

The motion also highlights the enormous operating costs of the refineries during the years they were non-operational. The cumulative loss of N1.64 trillion ($2 bn) within four years is staggering and inexcusable. It raises questions about the financial discipline and accountability within the organisations responsible for managing these facilities.

Furthermore, the motion underscores the urgent need to explore alternative energy sources in line with the Paris Agreement on climate change. This is a forward-thinking approach that Nigeria should embrace to reduce its reliance on fossil fuels and contribute to environmental sustainability.

In light of these revelations, the Senate must ensure that those responsible for the mismanagement of public funds are held accountable. Transparency and good governance are essential for the development and progress of any nation. The committee’s investigation should be thorough, and its findings must be made public to ensure that such financial mismanagement does not recur.

Nigerians deserve better, this investigation is a step toward ensuring that public resources are used efficiently for the benefit of all. It’s time to fix the refineries and end the wastage of public funds.

Source: https://dailybrief.ng/what-mitigation-plan-for-persistent-flood-disasters-in-nigeria/

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The recurring flood disasters in Nigeria have left many wondering who is responsible for this ongoing crisis. Year in and year out, Nigerians in flood-prone areas lose property and livelihoods to these disasters.

While it is tempting to assign blame to a single entity, the reality is that the problem is multifaceted and requires a shared responsibility. On the one hand, there is the government’s role; on the other hand, citizens themselves are not without fault in this matter.

Flooding in Nigeria has become an increasingly devastating issue, causing significant damage to the country’s infrastructure, economy, and communities.

Flooding in Nigeria has become an increasingly devastating issue, causing significant damage to the country’s infrastructure, economy, and communities.

2022 Report on Flooding
According to a report on the 2022 flood by the Ministry of Humanitarian Affairs and Poverty Alleviation, Nigeria lost a whopping N9trn ($9.12bn), and over 4 million people were affected. The money lost due to the flood could have been used to establish healthcare and better infrastructure for the country.

The Benue River Basin, for instance, is highly susceptible to seasonal flooding, impacting the livelihoods of millions who depend on the river for farming and transportation. The following are some of the significant causes of floods in Nigeria:

Firstly, the country’s geographical location plays a significant role. Nigeria is in the West African subregion, making it susceptible to coastal and inland flooding. Rainfall, often intensified by climate change, contributes significantly to flooding. For example, the recent flood disaster experienced by Nigeria in 2022 was caused by heavy rain, climate change and the release of water from the Lagdo Dam in neighbouring Cameroon.

Secondly, urbanisation and inadequate infrastructure exacerbate the problem. Population growth has led to the expansion of cities and towns, usually with poor urban planning and insufficient drainage systems. As a result, rainwater has limited pathways to flow, causing it to accumulate in low-lying areas.

Additionally, deforestation disrupts natural water retention and absorption capacity, increasing the risk of flooding.

Therefore, the government and citizens must play significant roles to mitigate this crisis effectively. The government is responsible for developing and implementing comprehensive flood management strategies. It includes investing in modern infrastructure, such as well-designed drainage systems, dams, and flood barriers, to divert excess water away from vulnerable areas.

https://dailybrief.ng/wp-content/uploads/2023/09/Lagdo-Dam-1536x1152.jpg

When the Lagdo Dam in Cameroon was constructed in 1982, there was an agreement by the Nigerian government to build a twin dam in Fufore local government area of Adamawa State to contain the overflows from the Lagdo Dam.

Unfortunately, the agreement was never honored by the Nigerian government. This has left communities along the Benue River and its tributaries prone to flood whenever there’s a release from the Lagdo dam.

Also, government agencies should actively monitor weather patterns and water levels to provide timely warnings and evacuation plans to at-risk communities.
On the other hand, citizens also have a role to play in flood prevention. Individuals and communities need to raise awareness about the importance of responsible waste disposal and avoiding construction in flood-prone areas.

Properly disposing of trash and avoiding the blockage of drains and waterways helps ensure that water can flow freely during heavy rainfall.

Additionally, citizens should heed government warnings and follow evacuation orders when necessary to protect themselves and their families.

Read Full Report: https://dailybrief.ng/what-mitigation-plan-for-persistent-flood-disasters-in-nigeria/

By Zakari U. Mijinyawa
Since his appointment as National Security Adviser (NSA) by President Bola Tinubu, Malam Nuhu Ribadu has been emphasising the importance of curbing crude oil theft and losses.

At his official assumption of duties, he promised to look at what his predecessor, retired Maj.-Gen. Babagana Monguno had done and build on it because securing the nation is a continuous process.

Judging by recent developments, it appears that, in the areas of fighting crude oil theft and pipeline vandalism, Ribadu is doing exactly what he promised.

Recall that at the tail end of the previous administration, Monguno inaugurated a Special Investigative Panel on Oil Theft/Losses in Nigeria on Dec. 6, 2022.

The Investigative Panel’s findings
The panel, chaired by retired Maj.-Gen. Barry Ndiomu, traversed the country, especially the Niger Delta region, in search of answers to the questions posed by the incessant crude oil theft which has characterised the exploration and marketing of Nigeria’s petroleum resources.

According to a statement by the Office of the National Security Adviser (ONSA) during the submission of the panel’s report on March 28, 2023, some initial observations were made.

For instance, the panel observed that crude oil losses arose from a lack of proper reporting of crude oil production, illegal refining, theft from well-heads and diversion from sophisticated pipeline networks.

The panel also attributed losses to the absence of a robust industry-wide metering system and an unworkable security arrangement.

The confusing roles of regulatory agencies were also cited as one of the reasons the detection of theft/losses was difficult.

Last year, the country’s crude production struggled to exceed one million barrels per day, leading to concerns over loss of revenue, environment degradation, pipeline vandalism and the general impact on the economy.

However, through a collaborative effort coordinated by ONSA, there is a positively hopeful prospect that the present administration can stem the tide of the heinous crime called oil theft.

The Navy’s discoveries
In June, the Nigerian Navy said it had intensified its war against oil theft and related maritime crimes on the waterways in the Niger Delta.

True to that assurance, a combined team of anti-oil theft troops recently uncovered a major illegal oil refining site at Owahwa community in Ughelli South Local Government Area of Delta State.

During the raid, the troops discovered 35 modular ovens, three fabricated reservoirs, 30 dug-out reservoirs and 75 galvanised pipes.

Experts say, apart from revenue loss, operators of illegal refineries cause environmental degradation because after stealing small quantities of crude oil from vandalised pipelines they leave volumes to spill and pollute the environment.

Hearteningly, according to the June 2023 crude oil production report of the Nigeria Upstream Petroleum Regulatory Commission, Nigeria’s crude oil earnings rose to over N1.68tn in June 2023 following an increase in the country’s output in May.

The report majorly attributed the increase to concerted efforts by security officials and oil operators, which means the fight against oil theft is gaining momentum.

But NSA Ribadu is not cheering yet.
While recently leading a presidential delegation to inspect oil and gas facilities in Abia and Rivers, Ribadu said the country was still losing 400,000 barrels of crude oil daily to local and international thieves.

Part of the strategy the new NSA is deploying to address the issue is collaboration (he called it a “united front”), which security experts say is key in the fight against oil theft.

The NSA said during the inspection: “We are working hard with the security forces and those employed by the Nigerian National Petroleum Company Limited to secure our facilities and end this madness called oil theft.”

The Minister of Defence, Baduru Abubakar; the Chief of Defence Staff, Gen. Christopher Musa; the Chief of Air Staff, Air Marshal Hassan Abubakar; Minister of State for Defence, Bello Matawalle, and Minister of State (Oil), Petroleum Resources, Heineken Lokpobiri; the Minister of State (Gas), Petroleum Resources, Ekperipe Ekpo; and Group Managing Director of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari were all on the delegation.

Stakeholders say the weight of the delegation indeed signifies a “united front” against the message which poses a serious threat to overall national security.

No doubt, protecting Nigeria’s critical infrastructure and safeguarding its sources of revenue are important elements of its national security.

Why Ribadu’s approach should not wane
The U.S. National Security Strategy (2010), stated that the freedom to exercise choice of policies to develop a nation’s economy in the manner desired invites economic security.

It also emphasised the importance of economic security when it said: “Economic security today forms, arguably, as important a part of national security as military security.

“The creation and protection of jobs that supply defense and non-defense needs are vital to national security.”

This is why the Minister of State for Petroleum (Oil), Sen. Heineken Lokpobiri was correct when he said oil theft and pipeline vandalism are an existential threat to Nigeria.

“I believe that it has become an existential problem and we need to fight it. We need to fight these criminals to submission,” he said.

Nigeria’s own National Security Strategy (2019) identified energy security as critical to the economic growth and prosperity of the country.

Chapter 3 of the policy document reads: “Crude oil-related crimes such as illegal bunkering and refining, pipeline vandalism, as well as crude oil theft pose a threat to Nigeria’s economy… Our national security strategy will therefore focus on ways to curb and eliminate these crimes for the improved economic well-being of our country.”

Understandably, President Tinubu has prioritised oil theft, insurgency, and separatist agitation in his security agenda.

Stakeholders say the momentum gained in the fight against oil theft should be seen as part of efforts to boost Nigeria’s overall maritime security architecture, in accordance with the National Security Strategy.

It is believed that almost all the components of the Tinubu administration’s eight-point agenda aimed at “moving the Nigerian economy forward”, depend significantly on ending crude oil theft and losses.

This is why the fresh approach spearheaded by Ribadu should not wane.

Mijinyawa wrote from Abuja

https://dailybrief.ng/ribadus-fresh-approach-to-combatting-oil-theft/

Nigeria, a country richly endowed with petroleum resources, has had a longstanding, albeit puzzling, tradition in its governance structure: Presidents appointing themselves as the Minister of Petroleum Resources.

The 1999 Constitution of Nigeria provides the president with wide-ranging powers to create ministerial positions and delegate responsibilities.

While this legal framework empowers presidents to consolidate authority, it may have led to the centralisation of power in the case of assigning the petroleum ministerial portfolio to themselves.


How it started
The genesis of this peculiar practice can be traced back to the presidency of Olusegun Obasanjo in 2003. But why did he choose to wear the dual hats of President and Minister of Petroleum Resources? One plausible explanation lies in trust—or a lack thereof.

Obasanjo, keen on revamping Nigeria’s oil sector, may have believed that assuming the role himself was the surest way to ensure transparency and efficiency. However, this trust-driven decision raises crucial questions: Does this practice indeed enhance trust, or does it have the opposite effect?

The current president, Bola Tinubu, in his ministerial appointment, reorganised the Ministry of Petroleum Resources, naming Ekperipe Ekpo as Minister of State, (Gas), and Heineken Lokpobiri as Minister of State (Petroleum). With two ministers of state in the sector, it appears that the president has kept the position of substantive Minister of Petroleum Resources to himself, as his predecessor, Muhammadu Buhari, did.

The decision to serve as both President and Minister of Petroleum Resources carries significant implications. First and foremost, it places an immense workload on the president, who is already tasked with overseeing all government ministries and sectors. This heavy burden can hinder effective governance and lead to a lack of attention to other pressing issues.

Additionally, this duality clouds transparency and accountability. When a president holds the petroleum portfolio, it becomes challenging for the National Assembly and the media to subject the sector to rigorous scrutiny. Criticisms may be viewed as attacks on the government, thereby stifling meaningful discussions and reforms.

[b]The tradition warrants reevaluation
[/b]Buhari continued the practice initiated by Obasanjo, taking on the Minister of Petroleum Resources role during his presidency. However, his tenure was marked by significant challenges within the petroleum sector. Crude oil production declined, oil theft escalated, and the fuel subsidy issue remained largely unaddressed. These challenges beg the question: Does having a president at the helm of the petroleum sector guarantee success and effective management?

One of the most pressing concerns surrounding this practice is the lack of accountability. While the National Assembly can summon ministers for questioning, summoning a president who holds the petroleum portfolio poses a political minefield. As a result, critical issues relating to the petroleum sector often escape thorough scrutiny, leaving room for mismanagement and corruption.

The petroleum sector demands specialised knowledge, innovation, and practical solutions. The president, burdened with myriad responsibilities, may not possess the expertise and focus required for optimal sector management. Appointing a dedicated Minister of Petroleum Resources with the requisite qualifications could potentially yield more favourable outcomes.

As Nigeria grapples with the challenges facing its petroleum sector, it becomes increasingly evident that this tradition of presidents appointing themselves as oil ministers warrants reevaluation. The practice has not consistently delivered the desired results, and it impedes transparency and accountability.

https://dailybrief.ng/end-puzzling-practice-of-president-doubling-as-petroleum-minister/

Nigeria, a country richly endowed with petroleum resources, has had a longstanding, albeit puzzling, tradition in its governance structure: Presidents appointing themselves as the Minister of Petroleum Resources.

The 1999 Constitution of Nigeria provides the president with wide-ranging powers to create ministerial positions and delegate responsibilities.

While this legal framework empowers presidents to consolidate authority, it may have led to the centralisation of power in the case of assigning the petroleum ministerial portfolio to themselves.

How it started
The genesis of this peculiar practice can be traced back to the presidency of Olusegun Obasanjo in 2003. But why did he choose to wear the dual hats of President and Minister of Petroleum Resources? One plausible explanation lies in trust—or a lack thereof.

Obasanjo, keen on revamping Nigeria’s oil sector, may have believed that assuming the role himself was the surest way to ensure transparency and efficiency. However, this trust-driven decision raises crucial questions: Does this practice indeed enhance trust, or does it have the opposite effect?

The current president, Bola Tinubu, in his ministerial appointment, reorganised the Ministry of Petroleum Resources, naming Ekperipe Ekpo as Minister of State, (Gas), and Heineken Lokpobiri as Minister of State (Petroleum). With two ministers of state in the sector, it appears that the president has kept the position of substantive Minister of Petroleum Resources to himself, as his predecessor, Muhammadu Buhari, did.

The decision to serve as both President and Minister of Petroleum Resources carries significant implications. First and foremost, it places an immense workload on the president, who is already tasked with overseeing all government ministries and sectors. This heavy burden can hinder effective governance and lead to a lack of attention to other pressing issues.

Additionally, this duality clouds transparency and accountability. When a president holds the petroleum portfolio, it becomes challenging for the National Assembly and the media to subject the sector to rigorous scrutiny. Criticisms may be viewed as attacks on the government, thereby stifling meaningful discussions and reforms.

The tradition warrants reevaluation
Buhari continued the practice initiated by Obasanjo, taking on the Minister of Petroleum Resources role during his presidency. However, his tenure was marked by significant challenges within the petroleum sector. Crude oil production declined, oil theft escalated, and the fuel subsidy issue remained largely unaddressed. These challenges beg the question: Does having a president at the helm of the petroleum sector guarantee success and effective management?

One of the most pressing concerns surrounding this practice is the lack of accountability. While the National Assembly can summon ministers for questioning, summoning a president who holds the petroleum portfolio poses a political minefield. As a result, critical issues relating to the petroleum sector often escape thorough scrutiny, leaving room for mismanagement and corruption.

The petroleum sector demands specialised knowledge, innovation, and practical solutions. The president, burdened with myriad responsibilities, may not possess the expertise and focus required for optimal sector management. Appointing a dedicated Minister of Petroleum Resources with the requisite qualifications could potentially yield more favourable outcomes.

As Nigeria grapples with the challenges facing its petroleum sector, it becomes increasingly evident that this tradition of presidents appointing themselves as oil ministers warrants reevaluation. The practice has not consistently delivered the desired results, and it impedes transparency and accountability.