Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,951 members, 7,817,791 topics. Date: Saturday, 04 May 2024 at 07:48 PM

Divinehand2003's Posts

Nairaland Forum / Divinehand2003's Profile / Divinehand2003's Posts

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (of 230 pages)

Politics / Re: $9.6 Billion P&ID Fraud: Court Orders Briton’s Arrest by divinehand2003(m): 10:30am On Sep 29, 2022
Hope the Briton hasn't left the country already.

16 Likes 1 Share

Politics / $9.6 Billion P&ID Fraud: Court Orders Briton’s Arrest by divinehand2003(m): 10:25am On Sep 29, 2022
Justice Ahmed Mohammed of the Federal High Court, Abuja has ordered the arrest of a British, James Nolan, for jumping bail and refusing to appear for trial over the $9.6 billion Process and Industrial Development Limited (P&ID).

Nolan, a director of P&ID is standing trial with Lurgi Consult Limited and others in a money laundering case.

In a ruling he delivered yesterday, Justice Mohammed said Nolan had broken the terms of his bail and revoked it.

He thereafter issued a bench warrant for Nolan’s arrest.

Mohammed directed Nolan’s surety to appear in court at the next adjourned date to explain why the bail bond should not be forfeited to the court.


The prosecution counsel, Bala Sanga, had earlier prepared to proceed with the cross-examination of prosecuting witness (PW1), Temitope Erinomo, when the court was informed that the second defendant was nowhere to be found and efforts to ascertain his whereabouts proved abortive.

Sanga expressed dismay with the absence of Nolan in court, saying that the first defendant, Lurgi Consult Limited, has never been represented in court, as a corporate body, since the matter started.

He told the court that investigations by the EFCC showed that the property given by the surety, in Gwagwalada, Abuja, was not worth N100 million. He prayed the court to restrain the defence team from further delaying the case.

Responding to the absence of Nolan in court, defence counsel, Michael Ajara, claimed that his sudden disappearance was strange.

The director-general of the National Boundary Commission, Surveyor Adamu Adaji, said the memorandum of understanding is a welcome development, added that it will serve as an avenue of the unity and progress of Bauchi and Yobe.

While urging the benefiting states to take new steps towards resolving any disagreements for their own benefit, Adaji expressed the redness of the national boundary commission in addressing issues related to the boundaries in Nigeria.

The deputy governors of the two states were accompanied to the ceremony by traditional rulers and top government officials.

https://leadership.ng/9-6bn-pid-fraud-court-orders-britons-arrest/

1 Like

Politics / Re: Obi's One-Million-Man March Flops In Kaduna (Photos) by divinehand2003(m): 7:41pm On Sep 28, 2022
Hmmm
Crime / Re: Customs Intercepts 81,425 Litres Of Petrol In Sacks Heading To Benin Republic by divinehand2003(m): 7:20pm On Sep 28, 2022
Na wao
Politics / Re: Buhari: Corruption Has Dwarfed, Tainted Africa’s Growth by divinehand2003(m): 7:27am On Sep 25, 2022
Buhari owes us and the generations yet unborn an APOLOGY. He should apologise for deceiving Nigerians on tackling corruption when he knew that he was going to legalise corruption in our nation.

49 Likes 4 Shares

Politics / Buhari: Corruption Has Dwarfed, Tainted Africa’s Growth by divinehand2003(m): 7:24am On Sep 25, 2022
President Muhammadu Buhari in New York at the weekend urged African leaders to fight tirelessly to get rid of corruption, lamenting that the continent has remained at the far end of global development index because of its menace.

The president spoke in his capacity as the African Union champion on efforts to eliminate corruption in the continent at a High-Level side event on ‘’Food Security Response: Combating Illicit Financial Flows and Securing Asset Returns for Sustainable Development’‘, on the margins of the 77th Session of the UN General Assembly.

Providing his perspectives on the effects of corruption in the continent and the way forward at the event co-hosted by African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD) and the Economic and Financial Crimes Commission (EFCC), the Nigerian leader in a statement by Presidential spokesman, Femi Adesina said he was honoured to serve as AU Champion on anti-corruption since 2018:

‘’As you are all aware, this will be my last official participation at the United Nations General Assembly as president of the Federal Republic of Nigeria.

‘’I remain honoured and privileged to be president of Nigeria for two terms and I am grateful to the African Union for making me the continental organisation’s champion on efforts to eliminate corruption nationally and continent-wide.

‘’Over the years, we came to the painful realisation on how deeply embedded corruption has become in our countries and continent, as well as how corrosive it can be.




’Corruption has dwarfed our growth and tainted our nations and continent. Africa remains at the far end of development index and concerted efforts made in the last few years need to be sustained, deepened by good governance and accountability that are guided by the rule of law.

‘’I have strong faith that Africa and our national governments can do this with strong resolve and commitment to eliminating illicit financial flows. We need strong partnerships from our global partners to ensure that these efforts succeed. A developed and stable Africa will not only be a global partner for peace but for sustainable development and progress.’’


Buhari therefore challenged his colleagues that for the continent to rise to its full potentials, ‘’we must work tirelessly to get rid of corruption or by fighting it 24/7.’’

‘’Our national resources must not find safe-havens around the world. This fight is a necessity and not a choice to give our citizens a better life through economic prosperity, social peace and security,’’ he added.

The president urged his colleagues to recall the United Nations General Assembly Special Session Against Corruption political declaration of June 2021 and ensure its effective implementation toward global food security and sustainable infrastructural development in the continent.

On food security in Nigeria, the president disclosed that the Nigerian government has financed 2.5 million smallholder farmers to cultivate about 3.2 million hectares of farmland across the country, creating 10million direct and indirect jobs.

He also acknowledged programmes initiated by the AU and ECOWAS to address food security, apprising that at the federal level in Nigeria, the administration is working with state governments through initiatives such as the Anchor Borrowers Programme, to support local production of rice, maize, cotton and cassava.

He expressed delight that the implementation of such programmes has resulted in a significant decline in the country’s large food import bill, from $2.2billion Dollars in 2014 to $5.9million dollars at the end of 2018.

The president said rice imports alone dropped from $1billion dollars a year to $18.5million dollars.

Also, President Buhari has said with the renewed efforts of the Nigerian military, insecurity in Nigeria would soon be a thing of the past.

Speaking during an audience with the Prime Minister of Ireland, Michael Martin, President Buhari in a statement by his media aide, Femi Adesina said, “In the past few months, with new platforms and boosted morale among the security forces, Nigeria is moving steadily in the direction of overcoming its insecurity. We will continue to partner with nations across the globe especially in the use of technology so that Nigeria can learn something useful.”

Buhari told the prime minister that with the experience during the COVID-19 pandemic, it was better for the world to work together rather than independently for enhanced progress for humanity, hoping that the lessons that came with the pandemic would impact on other areas so that Nigerians and indeed the world can have sustainable peace.

He assured his guest that Nigeria would continue to do its best to sustain the relationship with Ireland if not improve on it, especially on the level of education, knowing that many Nigerians are doing well in Ireland, schooling and working there.

Mr Micheal Martin had told the Nigerian leader that Ireland was looking for ways to increase the level of relations with the country, even as Nigeria remains Ireland’s largest trading partner in Africa.

He expressed hope that his country would move into other areas like the deployment of technology, to help Nigeria overcome its challenges in health and security.

He added that Europe and the world now need to look elsewhere for sources of energy as the war in Ukraine has highlighted.

In a separate meeting with the Prime Minister of Greece, Kyriakos Mitsotakis, President Buhari urged for a closer partnership with Nigeria in education, health, security as well as   non-oil and gas sectors.

Stressing the importance of education and knowledge, President Buhari said the time has come to begin to look at practical ways of tackling health challenges that come without notice.

Kyriakos Mitsotakis told the President that “Greece possessed the technological know-how in security, surveillance, as well as  intelligence gathering and utilisation and was in a position to assist Nigeria” noting that, “though technology is not cheap, it is the best way to go as there is no alternative to peace.”

He added that he will put together a business delegation with experts in health, education as well as oil and gas to visit and interface with the private sector in Nigeria to look at parameters under which they can come in. The prime minister extended an invitation to President Buhari to visit Greece before the end of his tenure.



https://leadership.ng/corruption-has-dwarfed-tainted-africas-growth-buhari/

2 Likes

Politics / Re: Next President May Inherit Empty Treasury by divinehand2003(m): 7:09am On Sep 25, 2022
Why won't the treasury be empty. Nigeria has a debt profile that stands currently at N42 trillion and this will take generations to pay back. Till then, our treasury will always show a negative balance.

1 Like 1 Share

Politics / Next President May Inherit Empty Treasury by divinehand2003(m): 7:06am On Sep 25, 2022
Nigeria’s growing public debt crisis, with the palpable fear of a possible debt default, is a huge task waiting for the next government as political parties and their presidential candidates get set to kick off campaigns for the 2023 presidential election.

While some of the candidates are offering solutions that ignore the economic reality like the difficultly in raising the revenue profile or the acknowledgement by the Debt Management Office that foreign loans have started to run dry, others are skirting the issue and focusing on the wrong The Debt Management Office (DMO), during the week, had released the debt stock for the country, which shows that the external borrowing of the country now stands at N16.61 trillion or $40.064 billion while domestic obligations, which is asides the ways and means taken from the Central Bank of Nigeria (CBN), now stands at N23.26 trillion or $63.24 billion.

The current level of debt shows that between March 2015 – just before President Buhari took the reins of leadership of the country – and June this year, the country has so far borrowed N30.78 trillion, both locally and externally.

The debt stock of the country had within this period grown by 255.5 per cent as external borrowings soared by 701.36 per cent from N1.864 trillion as of March 31, 2015, to N16.61 trillion as of June 30, 2022. Domestic debt grew during the seven-year period by 157.2 per cent from N10.19 trillion as of March 2015 to N26.23 trillion as of June 30, 2022.

Similarly, the amount spent on servicing the debt obligations of the country had soared during this period. Annual debt service payment for domestic obligations had doubled from N1.018 trillion in 2015 to N2.054 trillion by the end of 2021, while in the first six months of 2022, the federal government paid out N1.33 trillion in interest on its local borrowings.

The amount spent on servicing external borrowing had likewise risen from $331.059 million, which was expended in 2015, to $2.019 billion in 2021. In the first half of this year, the government had already spent $1.291 trillion to service its external borrowings, representing an increase of 900 per cent.

In total, the country has so far in the seven-year period spent N12.446 trillion and another $8.819 billion in servicing both its local and external debts respectively.

The International Monetary Fund (IMF) predicted that Nigeria’s debt service-to-revenue ratio would jump to 92 per cent in 2022 from 76 per cent in 2021. Added to all this is the admission of the DMO last week that the country was unable to attain any foreign loan in the second quarter of 2022, leaving very little room for manoeuvre for the next government.

On fuel subsidy payment, a report from the Nigerian Economic Summit Group (NESG) disclosed that the federal government spent a total of N3.64 trillion on fuel subsidies between 2015 and 2021.

It said: “From the government fiscal position, between 2015 and 2021, Nigeria spent a cumulative sum of N3.64 trillion on fuel subsidies, rising from N307 billion in 2015 to N1.77 trillion in 2021 – representing a whopping increase of 1,085 per cent.

However, with the sustained rise in crude oil price since this year, the federal government said it spent over N2.65 trillion to subsidise petrol consumption in the first quarter of 2022. This brings the total subsidy payment to N6.3 trillion at the first quarter of this year.

With the continuous rise in the debt accumulation of the country, economists and industry watchers have incessantly called for caution on the borrowing spree of the government.

With the present government expected to hand over the reins of leadership of the country within months, at this level of debt, the next government will be inheriting over N80 trillion in debts.

With a current debt stock of N42.84 trillion as of June this year, a Ways and Means borrowing of over N20 trillion, FGN Bonds worth over N585.92 billion issued since April and a projected deficit of over N11 trillion to finance the budget of 2023, the country is already looking at a debt burden of over N74.5 trillion. This excludes the bonds that would still be raised before this year runs out.

Already, the country is at risk of borrowing to pay interests on its debt obligations as the minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed had sounded the alarm bells when she revealed that the country’s debt service cost in the first four months of the year was N1.94 trillion, N310 billion higher than the actual revenue received during the period.

According to her, the federal government’s retained revenue for the period was only N1.63 trillion, 49 per cent of the pro rata target of N3.32 trillion. This means that the government had spent 118 per cent of its revenue on servicing its debt. Irrespective of this, the minster, while presenting the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), disclosed that the federal government will borrow over N11 trillion and sell national assets to finance the budget deficit in 2023.

She also said the government’s budget deficit is expected to exceed N12.42 trillion if it should keep the petroleum subsidy for the entire 2023 fiscal cycle. She explained that the first option involves retaining the petroleum subsidy for the entire 2023 fiscal year.

Ahmed said in the first scenario, the deficit is projected to be N12.41 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 per cent of total revenue, or 5.50 per cent of the estimated GDP. In this option, she added, the government would spend N6.72 trillion on subsidy. She further said that the second option involves keeping the subsidy till June 2023 adding that this scenario will take the deficit to N11.30 trillion, which is 5.01 per cent of the estimated GDP. In this option, the PMS subsidy is projected to gulp N3.3 trillion.

Pinning down the position of the Bola Tinubu campaign on major economic issues has so far proved elusive. Officially, the campaign has stuck to the position that it is yet to release its campaign manifesto and economic blueprint.

His campaign is, however, inheriting and defending the policies of the present APC government.

The APC presidential candidate himself had also not addressed business stakeholders or any major policy forum. But Bayo Onanuga, the director of media and publicity of the presidential campaign, spoke with LEADERSHIP Sunday and expressed what he termed as his personal view.

Onanuga said the issue of Nigeria’s debt is simply being used to attack the Muhammadu Buhari presidency, but that in reality, Nigeria does not have a debt crisis in comparison to countries like Ghana and South Africa, which, he said, are in a worse situation.

Quoting data from the Nigeria Bureau of Statistics, Onanuga said the percentage of debt to GDP is at 23 percent, which is manageable. The USA, he pointed out, has a debt to GDP ratio of well over 120 percent.

Onanuga said, “There is nothing wrong with debt. Every country accumulates debt and we don’t need to worry. Nigeria does not have a debt crisis. The problem is the country’s inability to harness its revenue options.”

The campaign director was however optimistic that a Tinubu presidency would be much better than the Buhari government, which has introduced new taxes, blocked leakages and even adopted the Treasury Single Account, towards raising the revenue profile of the federal government.

Atiku Abubakar, the presidential candidate of the opposition People’s Democratic Party, sounded all the right notes at a recent event organised by Lagos Chamber of Commerce and Industry (LCCI) Presidential Economic Agenda Forum for the PDP.

He talked about cutting the cost of governance, blocking leakages, launching a $10bn stimulus fund – without identifying the source, and suggested a mouth-watering non-debt financing model, which could worsen the country’s revenue challenges

Interestingly, the government of President Buhari forfeited at least N16.76 trillion in revenue from 46 big corporations in waivers and tax incentives between 2019 and 2021, according in the tax expenditure statement (TES) report in the Medium-Term Expenditure and Fiscal Strategy documents of the Budget Office of the Federation.

Many of these incentives were given to allow private investments for the development of key infrastructure – like the PDP candidate is now proposing.

Atiku at the September 13, 2022 event said, “Within the first 100 days of in office, I will create an Economic Stimulus Fund with an initial investment capacity of $10 billion to prioritise support to MSMEs across all the economic sectors, as they offer the greatest opportunities for achieving inclusive growth.

“I will undertake far-reaching fiscal restructuring to improve liquidity as well as enhance the management of our fiscal resources in five bold steps.

“First, undertake an immediate review of government spending with a view to eliminating all leakages arising from subsidy payments.

“Second, stop all fiscal support to ailing state-owned enterprises. As with subsidy payments, by holding onto these underperforming enterprises, Nigeria is sacrificing investments in critical areas, including water, sanitation, and rural infrastructure. For example, the first phase in the rehabilitation of Nigeria’s refineries is expected to gulp $1.55 billion! I will sell them.

“Third, take steps to improve spending efficiency by gradual reduction of government recurrent expenditures. Over the medium term, recurrent expenditures should not exceed 45 per cent of the budget.

‘Finally, focus on non-debt financing by promoting a private-sector led infrastructure development fund for the financing and delivery of key infrastructure projects.”

Economists, however, have campaign-free views on how some of these revenue and debt challenges can be confronted.

A member of the Monetary Policy Committee, Professor Mike Obadan, called for the rationalisation of the structure of spending, especially of non-capital expenditure items, to eliminate waste and minimise the need for ways and means advances and debt accumulation.

According to him, the quality of public expenditure needs to improve significantly to enhance the output-capital ratio.

Speaking on the legacy of debt, renowned economist and former director general of the West African Institute of Financial and Economic Management, Prof. Akpan Ekpo, stressed the need for the government to ‘cap its borrowing’ at the moment.

Noting that there is nothing wrong in borrowing provided it is to finance hard infrastructure that has a long-term positive effect, he stated that “the problem with Nigeria’s borrowing is that there is not much transparency; we don’t know what they are borrowing for.

“Also important is the fact that debt service is too high. If you look at every budget, almost one tenth is used to service debt and we have not even started touching the debt itself. So, we have to be cautious. The government will argue that debt to GDP allows them room to borrow but GDP does not pay debt; revenue pays debt and if you take revenue to debt ratio, we can’t even borrow at all because two-thirds of revenue comes from oil and the revenue from oil is not a sure revenue.

“I don’t envy any government coming in. Debt is a problem on the one side and other problems on the other. And more importantly, these debts will be paid by the future generations. If we are not careful, the future generations will abuse us in our graves because they will see the debt and not see what it was used for: no good roads, no good railways, no water, education is in disarray, the health system exposed by the Covid-19 is in trouble.

“Time flies and in no time 20 years have passed and we are still servicing the debts. We should not borrow because we have space to borrow, or because we have B+ ratings by rating agencies; they are getting us more and more indebted.”

According to the head of Financial Institutions Ratings at Agusto&Co, Ayokunle Olubunmi, debt servicing is a burden for Nigeria.

“It is like kicking the can down the road because if you look at the utilisation of most of the borrowings, it is for recurrent expenditure – which is not sustainable.

“Also, looking at the funds allocated for projects, you will see that the quality of the projects is not top notch. In the short run, it may seem as though we can manage but the government is creating a problem for the future. If you look at the debt servicing to government revenue in 2020, you will realise that it is going beyond the 90 per cent.

“This is just interest payment, not principal repayment; so when we are spending 90 per cent of our income to pay interest on the loans, it might look as if we are enjoying it, but in the next two to three years we would not be able to continue like this.”

The chief executive of Centre for the Promotion of Private Enterprise, an economist, and former director general of the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, noted that the rising debt profile of the government raises serious sustainability concerns.  Although the government tends to argue that the condition was not a debt problem, but a revenue challenge, “the truth is that debt becomes a problem if the revenue base is not strong enough to service the debt sustainably.  It invariably becomes a debt problem.

“What is needed is the political will to cut expenditure and undertake reforms that could scale down the size of government, reduce governance cost and ease the fiscal burden on government. It is important to ensure that the debt is used strictly to fund capital projects that would strengthen the productive capacity of the economy,” he said.



https://leadership.ng/next-president-may-inherit-empty-treasury/
TV/Movies / Re: Big Brother Will Feature Nigerian And South Africa In 2023 House by divinehand2003(m): 8:48pm On Sep 16, 2022
Wrong move
Politics / Re: FG Orders Buyers Of Seized Lagos Properties To Pay 2001 Price by divinehand2003(m): 7:12am On Sep 15, 2022
Bad market.

FG sold properties are always sold cheaply among their cronies and political allies.

3 Likes 1 Share

Politics / Re: PDP Crisis: Ayu Can Only Be Removed By Amending Party Constitution – Atiku by divinehand2003(m): 6:57am On Sep 15, 2022
Ayu is going nowhere for now, implies Atiku. Wike, do your worst.

13 Likes 1 Share

Politics / PDP Crisis: Ayu Can Only Be Removed By Amending Party Constitution – Atiku by divinehand2003(m): 6:56am On Sep 15, 2022
It became obvious that the crisis rocking the Peoples Democratic Party (PDP) is far from abating as the call for its national chairman, Dr Iyorchia Ayu, to resign resonated yesterday at the South-West PDP stakeholders meeting.

This is coming one week after it seemed Ayu had survived moves to remove him from office following the vote of confidence passed on him and the National Working Committee (NWC) by the 97th national executive committee (NEC) of the major opposition party.

But like a phoenix, the push for Ayu’s removal got a fresh life of its own yesterday when Oyo State governor, Seyi Makinde, insisted that Ayu must resign as PDP national chairman.

In response, presidential candidate of the party, Atiku Abubakar, said Ayu can only be removed through the amendment of the party’s constitution.

Speaking in Ibadan, Oyo State, during the South West PDP stakeholders meeting, the former vice president maintained that the resignation of Ayu was achievable only if the party’s constitution was amended.

According to the provisions of the party’s constitution, if Ayu is relieved of his job, it is the deputy national chairman from the North East, Damagum, who will succeed him.
 

Makinde, a key member of the aggrieved PDP governors, had reiterated the call for Ayu’s resignation, saying it is the only way the people of the South would feel a sense of belonging in the party.

Apart from Makinde, governors Nyesom Wike (Rivers); Samuel Ortom (Benue); Okezie Ikpeazu (Abia); Hon Ifeanyi Ugwuanyi (Enugu), had insisted on the resignation of Ayu as key condition for reconciliation.

The governors had been tackling the PDP over the national chairman of the party and the presidential candidate who are both from the North.

The governors had made the request to Atiku in London a few weeks before the PDP National Executive Committee (NEC) passed a vote of confidence on Ayu last Thursday.


In spite of the NEC declaration and the emergence of PDP Board of Trustees (BoT) chairman from the South, Senator Adolphus Wabara (after Sen Walid Jibrin from the North resigned), the protesting governors stood their ground on Ayu’s exit.

Confirming their position yesterday, Makinde, while speaking at the South-West PDP stakeholders meeting said, “The truth is that we do not have any issue either with our party or our candidate. If there are challenges they must be tabled”.

Makinde who described Atiku as “the incoming president of Nigeria in 2023 noted: “We are supposed to give hope to our people, we want them to listen to us. Our party wants to rescue Nigeria and our candidate is a unifier. He wants to restructure Nigeria.

“Eight years of the All Progressives Congress(PDP) have left us sharply divided. The issue is we must practice what we preach. If we want to unify Nigeria, we must unify the PDP first.

“If we want to restructure Nigeria, we must have the willingness to bring inclusivity to the PDP. Do we have the capacity? The answer is a resounding yes.


“The message from the South-West PDP is that the South-West is asking that the National Working Committee of the PDP should be restructured. We are asking the National Chairman to step down so that the South will be fully included. That is the message.”

Reacting, Atiku who acknowledged that the resignation of the party’s national chairman is achievable however said it can only be done through an amendment of the PDP constitution.

Atiku said, “Only if the PDP constitution is amended; the calls for the resignation of the national chairman or any national officer can only be achieved through the party’s constitution.

“The party’s constitution can only be amended. It is possible. When I was the vice president, we took over the South West except for Lagos State. I don’t want us to lose focus. The focus is how to win the 2023 elections. I know that we are capable, we can do that”.


Earlier Atiku, his running mate, Governor Ifeanyi Okowa of Delta; Governor Makinde and relevant stakeholders had held a marathon closed door meeting.

It was gathered that the meeting was summoned by Atiku to resolve differences in various camps.

Also, the issue of the calls for the resignation of the national chairman Iyorcha Ayu was tabled and addressed at the meeting.

Makinde who took over the hosting right of the event from the former deputy governor of Oyo state, Barrister Hazeem Gbolarumi, had agreed to lead Atiku presidential campaign in the South West.

It was gathered that the development had created tension in the camp ofRivers State governor, Nyesom Wike.


The South West stakeholders’ interactive session was attended by leaders of the PDP across the six states of the geopolitical zone with a common resolution to ensure victory for the PDP in next year’s general election.

Other PDP leaders who attended the interactive session included governorship candidate of the PDP in Ogun State, Chief Ladi Adebutu, former governor of Ekiti State, Ayo Fayose; Osun State governor-elect, Senator Demola Adeleke; the governorship candidate of the PDP in Lagos State, Olajide Adediran, and deputy governorship candidate of the PDP in Lagos State, Funke Akindele.

Others are chairman of PDP Governors’ Forum and Governor of Sokoto State, Rt. Hon. Aminu Bello Tambuwal; former Governor of Cross River State, Liyel Imoke; Deputy National Chairman of the PDP (North), Umar Damagum and national deputy chairman of the PDP (South) Ambassador Taofeek Arapaja, among other stakeholders from the Southwest.

Meanwhile, the PDP Board of Trustees (BoT) met with Governor Ikpeazu in Abia State as part of their reconciliation efforts.

They met the governor who is a staunch ally of Wike in the call for Ayu’s sack.

https://leadership.ng/pdp-crisis-ayu-can-only-be-removed-by-amending-party-constitution-atiku/

Politics / Re: 2023: Atiku Proposes $10bn Economic Stimulus Fund For MSMEs, Unfolds Blueprint by divinehand2003(m): 7:27am On Sep 14, 2022
Buhari has already privatised NNPC. Is Atiku going to undo what is currently on ground and re-privatise NNPC again?

32 Likes 1 Share

Politics / 2023: Atiku Proposes $10bn Economic Stimulus Fund For MSMEs, Unfolds Blueprint by divinehand2003(m): 7:25am On Sep 14, 2022
•Vows to privatise refineries than utilise $1.55bn to revitalise them 

•Says he will propose legislation to remove electricity from exclusive list 

•Meets Makinde, South-west party leaders today, promises to help PDP win Lagos



Presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, yesterday, said he would resuscitate Nigeria’s ailing economy by launching a $10 billion Economic Stimulus Fund within his first 100 days in office, if he wins the 2023 presidential election. Atiku said the fund would prioritise support to micro, small and medium scale enterprises (MSMEs) that offer greatest opportunity for inclusive economic growth.

The PDP presidential candidate spoke in Lagos during the “Lagos Chamber of Commerce and Industry (LCCI) Presidential Economic Agenda Forum for the PDP.” He laid out his economic plan to salvage the country’s economic fortunes before members of Nigeria’s organised private sector.

Atiku also said he would rather privatise Nigeria’s dilapidated refineries rather than spend $1.55 billion on their revitalisation. He added that he would stop all fiscal support to ailing public enterprises and “over the medium term, I will propose legislation for the removal of the entire electricity value chain from the exclusive list and give states the power to generate, transmit and distribute electricity for themselves.”

Atiku, who commenced efforts to consolidate his support base in the South-west, was due to meet the Oyo State governor, Seyi Makinde, and some leaders in the zone today and tomorrow, in Ibadan.

The meeting was part of efforts to make peace with the camp of the Rivers State Governor Nyesom Wike.

The presidential candidate of the main opposition party promised to support PDP to win Lagos State in next year’s governorship election.

Atiku assured the captains of industry of a warm handshake, saying he would listen to the private sector more, restore investors’ confidence in the Nigerian economy, break the jinx of infrastructure finance, declare a state of emergency in the power sector, undertake far-reaching fiscal restructuring that would improve liquidity in the economy and stimulate growth, create jobs, wage war against hunger as well as ensure that over the medium term, recurrent expenditure should not exceed 45 per cent of the budget

Atiku said, “Today, I will speak on the strategic steps that I will take to build the economy of our dreams and foster bondless prosperity for all Nigerians. Poverty reduction shall be the centrepiece of our economic development agenda and economic performance shall henceforth be measured by the number of jobs created and the number of people lifted out of poverty.

“Within the first 100 days of in office, I will create an Economic Stimulus Fund with an initial investment capacity of $10 billion to prioritise support to MSMEs across all the economic sectors, as they offer the greatest opportunities for achieving inclusive growth.

“I will undertake far-reaching fiscal restructuring to improve liquidity as well as the management of our fiscal resources in five bold steps.

“First, undertake an immediate review of government spending with a view to eliminating all leakages arising from subsidy payments. With its current precarious fiscal position and daunting development challenges, can Nigeria really afford to forego critical investments in education, health, security, etc. and channel scarce resources to subsidising the lifestyles of its elite?


“Second, stop all fiscal support to ailing state-owned enterprises. As with subsidy payments, by holding unto these underperforming enterprises, Nigeria is sacrificing investments in critical areas, including water, sanitation, and rural infrastructure. For example, the first phase in the rehabilitation of Nigeria’s refineries is expected to gulp $1.55 billion! I will sell of them.

“Third, take steps to improve spending efficiency by gradual reduction of government recurrent expenditures. Over the medium term, recurrent expenditures should not exceed 45 per cent of the budget.


‘Finally, focus on non-debt financing by promoting a private-sector led infrastructure development fund for the financing and delivery of key infrastructure projects.”

He added that his administration would be different, as it would support “the private sector to drive growth. We will establish strong partnership in investing in infrastructure, in creating jobs and income and in the fight against poverty. We will listen to the private sector more.”

The PDP candidate pointed out that the Nigerian economy was presently crawling rather than growing and that the country was broke and more Nigerians are getting poorer, more miserable today than in 2015, while capital has taken a flight.

Atiku made it clear that his administration would, “allow the Central Bank of Nigeria the independence to pursue its mandate but ensure that such policies are not detrimental to Nigeria’s quest for FDI and Nigeria’s long-term growth.”

He also promised to take “immediate steps to slow down the rate of debt accumulation by promoting more Public Private Partnerships in critical infrastructure funding and identifying more innovative funding options.

“Our economy is bleak and our challenges daunting. There is no doubt about that. No one should downplay the enormity of the tasks ahead. Indeed, I cannot think of a more daunting challenge than restoring confidence in the future of Nigeria as a dynamic economy and a stable democracy.”

President of the LCCI, Dr. Michael Oluwale-Cole, in his welcome address, stated that though the chamber was non-partisan, it was interested in the economic agenda of the candidates and their plans to make a better Nigeria in the next dispensation.

Oluwale-Cole said, “The chamber is aware of the overshadowing effect of politics over economics in managing the Nigerian economy and would, therefore, wish to contribute to the setting of a new economic order that can take our economy from the doldrums.

“New policy directions, institutional reforms, and sound governance are critical to creating a new economic order in Nigeria. This is why we are gathered here today.

“For the past 16 years LCCI has organised this session in every election cycle. This is a part of its public policy advocacy to provide a first-hand opportunity for presidential candidates of the leading political parties to speak to the organised private sector on their economic blueprint for Nigeria.

“All patriotic Nigerians would like to know the plans and intentions of a future president, and this will most likely enhance the choices people make at the polls.”

Atiku: I’ll Support PDP to Win Lagos

Buoyed by the presence of thousands of party faithful, who trooped out to welcome him, Atiku, yesterday, assured members of his party in Lagos State that he would give them all the necessary support to ensure that the party emerged victorious in the 2023 governorship election.

Atiku gave the assurance during an interactive meeting with party members at the Balmoral Hall of the Federal Palace Hotel, Victoria Island, Lagos. He said from what he could see, the PDP governorship candidate, Dr. Jide Adediran, aka Jandor, was poised to win the election.

The former vice president, who was careful and selective in the three minutes speech to the party members, said he would support the candidacy of Adediran all the way till the realisation of the dream of the party to take over the state.

He told the governorship candidate, “We will support you to any level. When I say I will support you, if you like bring down the sky, I am going to do it. Lagos is so much blessed, PDP is going to win Lagos. I believe you are going to win the governorship seat this time around. Therefore, we are going to support you to any level, when I say I will do something, I will make sure I do it.”

Atiku urged PDP members in the state to work harder so they could win all the elections in 2023, saying, “With the support, we will give you, we will win Lagos.

“I came to see for myself that PDP is on the ground in Lagos, and Olajide Adediran will be the next governor of Lagos State. You will see what we are going to do when the campaign starts.”

Earlier, Adediran said the people of Lagos were prepared to work for the success of Atiku in the 2023 presidential election. He said that was why they patiently waited to hear from him the former vice president.

Atiku Consolidates in S’West, Meets Makinde, Party Leaders

Presidential candidate of PDP, Atiku Abubakar, commenced inroads into the South-west, with a meeting with Governor Seyi Makinde of Oyo State and some PDP leaders in Ibadan today.

It was also believed that the move was part of effort to make peace with the camp of the Rivers State Governor Nyesom Wike.

The visit to Ibadan was allegedly aimed at building confidence in his teeming supporters ahead of the take off of campaigns on the September 28, 2022.

The Zonal Executive Council of the party described the scheduled visit as a strategic move to reposition the party ahead of the 2023 general election.

In a statement by its Zonal Publicity Secretary, Chief Sanya Atoranti, PDP stated that the choice of Ibadan as the first point of call by the candidate was a clear signal that PDP was one united and indivisible family, which was committed to deliver the zone for the party’s candidate in the February presidential election.

The statement said, “On behalf of members of Zonal Executives Council of our great party, I welcome our candidate, His Excellency Alhaji Atiku Abubakar, to Ibadan, where he would hold a crucial meeting with all stakeholders of the party

“The visit could not have come at a better time than now in view of the on-going reconciliation and fence-mending moves by top hierarchy of the party at different levels to address various interests and agitations within the party, which were blown out of proportion by the ruling APC.


“As a truly democratic institution, the PDP welcomes all shades of opinions and interests, which sometimes might be misconstrued by the general public as crisis, but the inherent internal mechanism for conflict resolution of our party has set the PDP apart from our main challenger and the outcome of the recent reconciliatory moves has begun to bear fruit.

“I must also commend Governor Seyi Makinde for his exemplary leadership in the zone as he is billed to receive the visiting former Vice President on Wednesday and put in place logistics for the success of the event. Governor Makinde has once again demonstrated capacity to distinguish between self-interest and party supremacy because the PDP umbrella is our defining symbol, which must be, guided jealously going forward.

“I have always held the opinion that the PDP cannot afford to fail Nigerians, because the sufferings in the land is positive campaign to our party in 2023. Thanks to APC for mismanaging the country.


“So, the rescue mission of our country begins with the PDP and all hands must be on deck to put our house in order across all geo political zones and reclaim our stolen mandate of 2019. I equally enjoined Nigerians who are going through excruciating pains and agony foisted on them by APC-led wicked administration to keep their hope alive in the PDP because the storm will soon be over.”


https://www.thisdaylive.com/index.php/2022/09/14/2023-atiku-proposes-10bn-economic-stimulus-fund-for-msmes-unfolds-blueprint/

8 Likes 1 Share

Politics / Re: Peter Obi Slams Tinubu, Says 2023 Presidency Is Not The Turn Of Anybody by divinehand2003(m): 7:19am On Sep 14, 2022
There is no place that Christians buy things cheaper, there is no place that Muslims buy things cheaper. It will not be by turn, it is nobody’s turn. It must not be by connection.

“The election next year must be based on character and trust, it must be based on competence
.”

I agree with all Peter Obi said.

316 Likes 19 Shares

Politics / Peter Obi Slams Tinubu, Says 2023 Presidency Is Not The Turn Of Anybody by divinehand2003(m): 7:16am On Sep 14, 2022
The presidential candidate of the Labour Party (LP), Peter Obi has slammed the flagbearer of the All Progressives Congress (APC), Asiwaju Bola Tinubu, saying that the 2023 presidential election is not the turn of anybody.

The former Governor of Anambra State stated this on Monday while taking a swipe at Tinubu’s ’Emi Lokan’ comment meaning I am the next during the party Leadership Retreat in Abuja.

According to him, religion or ethnicity should not be used by Nigerians to choose their next leader but rather, the people of the country should consider character, trust and competence.

He said, “We will do this retreat now, after the election we will do another one, the election next year will not be based on ethnicity, we have had it before, it would not be on religion.

“There is no place that Christians buy things cheaper, there is no place that Muslims buy things cheaper. It will not be by turn, it is nobody’s turn. It must not be by connection.

“The election next year must be based on character and trust, it must be based on competence.”


Speaking further, Obi said that there is a need for leaders to fight and be seen to be fighting corruption, adding that during his time as the Anambra State Governor, no money was missing.

He said, “If a leader is not stealing, and the family around him are not stealing we will reduce corruption by 70 per cent. I was Governor for eight years, there is nowhere money is missing.

“I am in this retreat to listen, let us put it in writing when we succeed, you must be around to say this is what we have agreed on. Even if we don’t achieve 100 per cent, we must have made sacrifices.

https://independent.ng/peter-obi-slams-tinubu-says-2023-presidency-is-not-the-turn-of-anybody/

188 Likes 25 Shares

Politics / Re: Owerri Streets Deserted As Buhari Commissions Projects In Imo (video) by divinehand2003(m): 7:08am On Sep 14, 2022
Hahaha

Sit at home is bad ooooo.
Hope we won't see this during the 2023 elections.
Politics / Re: Customs Nets n1.7tr, makes Highest Monthly Collection Of N241.9bn in August by divinehand2003(m): 7:05am On Sep 14, 2022
NNPC, where at thou? I wish the custom's boss can be transferred to head NNPC so that that cooperation can sit up and do the right thing.
Politics / Re: Customs Nets n1.7tr, makes Highest Monthly Collection Of N241.9bn in August by divinehand2003(m): 7:03am On Sep 14, 2022
Nigeria Customs is now becoming the major agency that is serious with its responsibilities generating revenues for Nigeria. This is great.
Politics / Customs Nets n1.7tr, makes Highest Monthly Collection Of N241.9bn in August by divinehand2003(m): 7:00am On Sep 14, 2022
LAGOS – Nigeria Customs Service (NCS) has collected it’s highest monthly revenue of N241,903,781,854.46 in August 2022.

The collection is coming at a time the Federal Government crave for revenue is heightened by dwindling revenue from oil sector.

According to a cumulative table of monthly revenue collections by the NCS sighted DAILY INDEPENDENT, the service collected a total of N1,755,386,486,390.02 from January to August 2022.


The cumulative collection is N363,436,321,614.95 is higher than N 1,391,950,164,775.97 collected from January to August 2021.

Federal Government’s focus on none oil revenue sources has increased in recent times leading to higher expectations from organisations like the Federal Inland Revenue Service(FIRS), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA) and other revenue collecting bodies.

The country plans borrowing N11trillion to fund the 2023 budget in addition to selling of some national assets 

This was disclosed recently by Minister of Finance and National Planning, Mrs. Zainab Ahmed , who also said  the government’s budget deficit is expected to exceed N12.42 trillion if it should keep petroleum subsidy for the entire 2023 fiscal cycle.

Ahmed had disclosed this while appearing before the House of Representatives Committee on Finance to defend the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Explaining two scenarios of the budget deficit to the committee, the minister said the first option involves retaining the petroleum subsidy for the entire 2023 fiscal year.

According to her, in the first scenario, the deficit is projected to be N12.41 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 per cent of total revenue or 5.50 per cent of the estimated GDP. In this option, she added, the government would spend N6.72 trillion on subsidy.

Mrs. Ahmed said the second option involves keeping subsidy till June 2023 and that this scenario will take the deficit to N11.30 trillion, which is 5.01 per cent of the estimated GDP. In this option, PMS subsidy is projected to gulp N3.3 trillion.



https://independent.ng/customs-nets-n1-7tr-makes-highest-monthly-collection-of-n241-9bn-in-august/
Politics / Re: Wike, Amaechi In Fresh Feud Over Performance, Burial Of Graham – Douglas by divinehand2003(m): 7:52am On Sep 13, 2022
Wike and Amaechi are best of friends. Politics is the only dividing line. However, behind the scenes, they drink champagne together under the mango tree and laugh all day long.
Politics / Wike, Amaechi In Fresh Feud Over Performance, Burial Of Graham – Douglas by divinehand2003(m): 7:49am On Sep 13, 2022
Rivers State Governor Nyesom Ezenwo Wike and his predecessor Rotimi Amaechi yesterday resumed hostility over their performance in office and the burial of elder statesman, Chief Alabo Tonye Graham-Douglas, last weekend.

Wike, who replied Amaechi’s lamentation that  Graham-Douglas was not given state burial by the Wike administration, described the immediate-past minister of transportation (Amaechi) as  a total failure in office.

He said as far as Rivers State was concerned, Amaechi was unable to attract any meaningful project to the state in seven years when he served as a minister.

In a reaction at the instance of LEADERSHIP prompting, the leadership of the All Progressives Congress (APC) in Rivers State, said Amaechi had never been a clannish leader, but nationalistic in his approach to governance.

APC spokesman in the state, Darlington Nwauju said, “First of all Rt Hon Chibuike Amaechi has always been nationalistic in his approach to governance, first as a governor, then, as minister of the Federal Republic.

“It is on record that he has never been a clannish political leader and can never be. Governor Wike himself has inadvertently confirmed this fact and we are grateful to him for confirming that the leader of APC in Rivers State is a true Nigerian.”


Wike spoke yesterday at the inauguration of the reconstructed former Riv-Bank Insurance building in Port Harcourt, the state capital.

He stated that a man who had failed in attracting projects to his state and has exhibited poor leadership within his depleted party, should hide his face in shame and stop talking about Rivers politics.

Wike said, “We have taken all your people. Nobody is in your party again. Why not manage and stay quiet; because of your poor leadership.

“Tell Rivers State people, as minister of transportation, what did you do for your people? Seven good years, all you were interested in was doing business with CCECC, doing standard gauge and the other gauge until now, we have not seen anyone in Port Harcourt to Maiduguri,” he said.

The governor boasted that while he was a junior minister, he attracted the Faculty of Law to the University of Port Harcourt and established the Oil and Gas Polytechnic in Bonny.

Wike said he also made grants available to Kenule Saro-Wiwa Polytechnic in Bori and Ignatius Ajuru University, while renovating several secondary schools in the state.

Wike said, “Tell us, as a grade A minister, what you brought. You think you can deceive Rivers State again.”

The governor said the State government stayed away from the burial activities because it was politicised and he did not want to be associated with such trivialities.

He said: “I saw you people have brought politics to the man’s burial. I said, ok, let me withdraw myself. I don’t want to be involved in this kind of politics.”

Wike stated that if people had gone to bury the dead, they would have focused on that mission of honouring the dead and involved him in the talks around the event.

He said: “Let me us this opportunity to say that I am very disappointed that the former minister of Transportation Chibuike Rotimi Amaechi will still come to the state to talk about this government not giving late Alabo Tonye Graham-Douglas a state burial.

“It is unfortunate. I asked him, when Chief Alabo Tonye Graham-Douglas was sick, where were you? This State government committed so much amount of money to make sure Chief Alabo survived.

“I want to challenge anybody, we did not spend less than N50 million to make sure our elder statesman survived. It was survival we wanted, we wanted him to be alive.

“When his late son had an accident and was flew to London, this state government bore the cost of it. Go and ask people.”

Wike recalled that it was this same Amaechi, who is now showing he loved Chief Alabo Tonye Graham-Douglas more, that refused to honour him while he was alive.

The governor said, Chibuike Amaechi declined to grant the request of Chief Alabo Tonye Graham-Douglas for the elevation of the Abonnema traditional stool to first class and construction of Abonnema ring road.

Nwauju (Ameachi loyalist) said, “But to speak to real issues and not engage in un-gubernatorial tantrums, our leader by the grace of God through the appointment offered him by President Muhamadu Buhari.

He influenced the remittance of N78 billion spent on construction of federal roads executed during his time as governor of Rivers State, to the present Government without trying to be politically correct.

“He influenced the commencement of the Bonny deep seaport project, influenced the commencement of the Transportation University, Ubima, attracted the Naval War College, Ubima.

“He influenced the implementation of the UNEP report on Ogoniland; attracted key appointments to Rivers State; employment of hundreds of Rivers sons and daughters in the maritime industry as Seafarers, Safety Marshals etc, influenced the construction of an additional power plant in Afam power station.

https://leadership.ng/wike-amaechi-in-fresh-feud-over-performance-burial-of-graham-douglas/
Politics / Re: INEC Delists 1.1 Million Voters Over Double Registration, Ineligibility by divinehand2003(m): 7:16am On Sep 13, 2022
This is a huge loss to one political party.

54 Likes 5 Shares

Politics / INEC Delists 1.1 Million Voters Over Double Registration, Ineligibility by divinehand2003(m): 7:14am On Sep 13, 2022
Independent National Electoral Commission (INEC) has said that out of the 2, 523,458 fresh registrants that registered between 28th June 2021 and 14th January 2022, 1,126,359 records were found to be invalid and consequently delisted.

The commission claimed that several double, multiple, and ineligible registrants have also been detected and invalidated, adding that these include entries that fail to meet the commission’s business rules.

The national commissioner and chairman, Information and Voter Education Committee, Festus Okoye who disclosed this in Abuja yesterday in a statement made available to newsmen insisted that a thorough process was being undertaken to clean up the registration data.

Similarly, he said Permanent Voters’ Cards (PVCs) for all valid registrants will be available for collection by the end of October/early November as promised.

Okoye said cleaning up of the register of voters using the Automated Biometric Identification System (ABIS) is ongoing since the suspension of the Continuous Voter Registration (CVR) on 31st July 2022.

The statement reads in part: “The ABIS for the period – 15th January to 31st July 2022 is almost completed. Several double, multiple, and ineligible registrants have also been detected and invalidated. These include entries that fail to meet the Commission’s business rules.

 

“The commission takes this responsibility seriously because a credible register is at the heart of electoral integrity.

“As soon as the process is concluded, the commission will provide the public with full information as usual.”


Thereafter, he said valid registrants will be added to the existing national register of voters before publishing same nationwide for scrutiny, claims and objections by citizens as required by section 19 (1) of the Electoral Act 2022.

 

https://leadership.ng/inec-delists-1-1m-voters-over-double-registration-ineligibility/

16 Likes

Politics / Re: Electronic Transmission Parties - Csos Caution Against Sabotage In 2023 by divinehand2003(m): 8:13am On Sep 12, 2022
I don't think this electronic transmission of results will not work in the north oooo. Same thing happened to card readers.
Politics / Re: We Are Losing $700m Monthly To Oil Theft – NNPCL by divinehand2003(m): 8:11am On Sep 12, 2022
This country is terrible. We know the problem but we can't solve the problems.
Politics / Re: Federal Govt, SERAP Head To Court Over ASUU Strike by divinehand2003(m): 8:07am On Sep 12, 2022
FG is mad. ASUU is crazy. Both of them nor we'll.

1 Like

Politics / Re: Amotekun, Ebubeagu Pose Threats To 2023 Elections – Security Expert by divinehand2003(m): 7:56am On Sep 12, 2022
Hmmm

What about the presence of other security outfits like hizbullah and hunters in the north?
Politics / Re: Federal Govt, SERAP Head To Court Over ASUU Strike by divinehand2003(m): 7:51am On Sep 12, 2022
Hmmm
This problem between this administration and ASUU won't end anytime soon. I feel sorry for the Nigerian students.

My advise to the Nigerian students is that they should vote for leaders who will take their education seriously.

2 Likes 1 Share

Politics / Federal Govt, SERAP Head To Court Over ASUU Strike by divinehand2003(m): 7:45am On Sep 12, 2022
Following unresolved and prolonged industrial dispute between the Academic Staff Union of Universities (ASUU) and its employer, the federal government, the latter has filed an application dragging ASUU before the National Industrial Court of Nigeria (NICN).

The move appeared to be the last resort to be employed by the federal government in a bid to end one of the longest strike actions embarked upon by Nigeria’s university lecturers.

Similarly, the Socio-Economic Rights and Accountability Project (SERAP) and five university students have sued President Muhammadu Buhari before the National Industrial Court seeking an order to compel the federal government to honour the agreement it reached with ASUU.

SERAP and the students asked the court to order the government to implement forthwith the terms of the Renegotiated 2009 Agreement and the 2020 Memorandum of Action in order to put an end to the strike action and desist from further violation of the rights of the Nigerian students to quality education.

ASUU members have been on strike since February 14, 2022, and all negotiations avenue to end the strike proved abortive as the union insisted on the renegotiation of 2009 agreement, implementation of the University Transparency and Accountability Solution (UTAS), earned allowance, among other demands that bordered on refurbishment of Nigerian universities.

In a letter addressed to the chief registrar of the National Industrial Court of Nigeria, dated 8th September, 2022 seen yesterday, minister of labour and employment, Dr Chris Ngige, obliged the court to give the issue an accelerated hearing in order to bring the dispute to an end.


Dr Ngige said ASUU had refused to call off the action despite several apprehensions.

Citing Section 17 of the Trade Dispute Act, CAP. T8, Laws of the Federation of Nigeria (LFN), 2004), the minister added that the referral instrument is raised in line with powers vested on the minister of labour and employment by trade dispute resolution mechanisms.

The letter reads, “Dear chief registrar, Forwarding of a Referral Instrument in the Trade Dispute Between Federal Government /Federal Ministry of Education and the Academic Staff Union of Universities. Please find attached three (3) original copies of a Referral Instrument regarding the trade dispute between the Federal Government of Nigeria/Federal Ministry of Education and The Academic Staff Union of Universities (ASUU) for adjudication by the National Industrial Court of Nigeria (NICN).

“The referral instrument is raised in line with powers vested on the honourable Minister of Labour and Employment by trade dispute resolution mechanisms and the provision of Section 17 of the Trade Dispute Act, CAP. T8, Laws of the Federation of Nigeria (LFN), 2004). In view of the fact that ASUU members have been on strike since February 14, 2022, and have refused to call off the action despite apprehension of the same it would be appreciated if this dispute is given an accelerated hearing in order to bring the dispute to an end”, the letter added.

Other defendants in the SERAP suit, which is yet to be assigned to a judge, are the Minister of Labour, Employment and productivity, Dr Chris Ngige, and the attorney-general of the federation and minister of justice, Abubakar Malami (SAN).

The applicants are also praying the court for an order mandating the defendants and their agents to immediately release and pay all the withheld and outstanding remunerations, salary, allowances and other emoluments both for the period and outside the period of the current strike action to all members of ASUU.

They are further urging the court for an order of perpetual injunction restraining the defendants and their agents from unlawfully reneging, rescinding and/or refusing to implement the Renegotiated FGN-ASUU 2009 Agreement and the 2020 Memorandum.

The applicants also want a declaration that the refusal of the defendants to implement the terms of the FGN-ASUU Renegotiated 2009 Agreements and the 2020 Memorandum of Action which has occasioned the prolonged strike action is unlawful, inconsistent and incompatible with Nigeria’s human rights obligations and violates the students’ right to quality education.

They are further seeking a declaration that the acts of the defendants and their agents in withholding the remunerations of the members of ASUU for the period of the strike while at the same time paying members of sister staff unions is discriminatory and in violation of ASUU members’ right to freedom of association, right to strike and collective bargaining.

In an affidavit attached to the suit, the applicants argued that the disruption of classes undermines both the quality and duration of students’ education.

They also maintained that the situation has aggravated existing disparities in access to university education in the country, further marginalizing economically disadvantaged parents and students.

The applicants averred that the federal government has failed to respect, protect, promote and fulfil the right to quality education, and the right to freedom of association through the principle of collective bargaining.

ASUU Strike: Education Minister Blames Jonathan Govt For Crisis

They also submitted that, “Although Nigeria has ratified several human rights treaties, which guarantee the right to quality education of Nigerian students, the Federal Government has over the years refused to meet the demands by ASUU, and to address the poor environment in the country’s universities.

“The students who are co-claimants in the suit are Dongo Daniel Davou; Oyebode Joshua Babafemi; Ejie Kemkanma; Peter Itohowo Aniefiok; and Imam Naziru. They are students of Plateau State University, Obafemi Awolowo University, University of Port Harcourt, University of Uyo, and University of Ibadan, respectively.

“The failure to implement the agreements with ASUU is also a fundamental breach of the right to education without discrimination or exclusion, as strike actions continue to penalize economically disadvantaged parents who have no means or capacity to send their children to private schools.

“Equal access of Nigerian children and young people to quality and uninterrupted education including at the university level would contribute to producing citizens who are fundamentally equal and people who actively participate in society.

“It would enable people to enjoy the rights as well as fulfil obligations that are associated with citizenship,” the applicants stated.



https://leadership.ng/we-are-losing-700m-monthly-to-oil-theft-nnpcl/
Politics / Re: We Are Losing $700m Monthly To Oil Theft – NNPCL by divinehand2003(m): 7:33am On Sep 12, 2022
That is about $8.4 billion per year. What a colossal loss. Oil thieves are the real thieves.
Politics / Re: Electronic Transmission Parties - Csos Caution Against Sabotage In 2023 by divinehand2003(m): 7:22am On Sep 12, 2022
As long as results will be transmitted electronically using the Internet, there is a very high possibility of hacking the INEC server.

My question is, what happens when the there are discrepancies between the manually collated results and the electronically transmitted ones?

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (of 230 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 138
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.