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Foreign Affairs › Niger Invites ECOWAS Countries To Join New Alliance Of Sahel States (AES) by Gjrich(op): 4:40pm On May 31, 2024
Amid stalemate in ongoing talks, Niger has extended an olive branch to the Economic Community of West African States (ECOWAS).

Nigerien Prime Minister, Ali Mahaman Lamine Zeine
Amid stalemate in ongoing talks, Niger has extended an olive branch to the Economic Community of West African States (ECOWAS).

The Nigerien Prime Minister, Ali Mahaman Lamine Zeine, has invited all ECOWAS countries to join the Alliance of Sahel States (AES). This invite follows ECOWAS’s stated intention to bring the AES countries back to the West African bloc.

In September 2023, Niger, Burkina Faso and Mali formed AES, outside of ECOWAS which they formerly belonged. They did this with the goal of improving their collective security measures and fostering socioeconomic growth in the face of sanctions Niger received from ECOWAS.

Despite the disagreements that had led to the formation of AES, Niger has decided to lure ECOWAS members to join the group.

The Minister extended the invitation at the Meeting of the Board of Governors of the African Development Bank, in Nairobi, Kenya. “I can’t be too provocative, but I want to ask ECOWAS to join the AES. There are ECOWAS countries that would probably want to join AES because the culture of sovereignty and dignity of the continent exists within the AES,” Zeine said.

This invite follows Ghana and Nigeria’s push for the Senegalese President Bassirou Diomaye Faye to support the reunification of Niger, Mali, and Burkina Faso inside the ECOWAS.

Politics › Nigeria We Hail Thee: Reintroduction Of Old National Anthem, My Priority–Tinubu by Gjrich(op): 2:19pm On May 31, 2024
President Bola Tinubu has said the reintroduction of the old national anthem has always been his priority.

Tinubu disclosed this during his meeting with the leadership of the Arewa Consultative Forum, ACF, at the State House in Abuja, according to a statement issued by his spokesman, Ajuri Ngelale.

He said the National Assembly made the law reverting to the old national anthem and he does not have a choice but to obey the legislation.

According to Tinubu, Nigeria’s diversity should be protected and celebrated

He said: “Let me allude to something that happened yesterday. The change of national anthem, ‘Nigeria, we hail thee’.

“Some people say, okay, say what? Is that your priority? It’s my priority. I agree with the National Assembly. If they make law, I’ve got to obey that law, or we disagree openly and close the chapter.

“But the question of diversity. Who gave us the name Nigeria? Is it not Britain? Or somewhere? Have we changed our name? We are Nigerians. Our passport shows that.

“As long as we are Nigerians and one family, we remain and protect our diversity and love one another as brothers and sisters.

“It is God Almighty that puts you in that particular place and makes you a member of that family. You have no control over it.

“When I came begging for votes, I didn’t say vote for me as a Yoruba man, I said vote for me as Bola Ahmed Tinubu.”

Politics › Alex Otti Unveils Multi-Billion Naira Bus Terminal, Renames City’s Main Road. by Gjrich(op): 11:48am On May 31, 2024
Abia State Governor, Dr. Alex Otti, OFR, watches as the Managing Director of Planet Projects, Mr. Biodun Otunola, explains the design for the terminal project.
Abia State Governor, Dr. Alex Otti, has unveiled a multi-billion-naira bus terminal in Umuahia capital city.

The Governor emphasized the importance of the new bus terminal, stating that it will centralize all motor parks and railway terminals within the city. This move according to him, aims to improve traffic flow and create a more organized transportation system in Umuahia.

Governor Otti also announced the renaming of the newly commissioned Ossah Expressway. The road, now known as Gen. Aguiyi Ironsi Boulevard, honours the first military Head of State of Nigeria, who hailed from Umuahia.

Among the projects commissioned to Mark the governor’s one year anniversary in office, is the reconstructed Okpara Square Water Fountain.

These projects, constructed by German firm CRANEBURG, serves as the first of its kind in the state and signifies the Governor’s vision for modernizing Umuahia’s infrastructure.

“Umuahia, in the next one year, you may not be able to recognise it if you travel,” Otti assured.

Politics › Sanwo-olu To Commission Road Projects In Abia To Mark Otti’s One Year In Office. by Gjrich(op): 5:50pm On May 23, 2024
Sanwo-Olu To Commission Road Projects In Abia To Mark Otti’s One Year In Office.

Lagos State Governor, Babajide Sanwo-Olu, will commission some projects completed by the Governor Alex Otti administration, on Tuesday, next week.

THE WHISTLER reports that some of the projects billed to be commissioned by Gov. Sanwo-Olu during his visit include the University road , the College road, and Green Avenue, among other infrastructural projects completed by the Otti administration to mark his one year in office.

The commissioning of these roads by some prominent Nigerians, according to the Commissioner for information and culture Prince Okey in a statement, is in keeping with the Governor’s road infrastructure agenda for the development of Aba as the commercial nerve centre of the South East and Umuahia as a befitting capital city.

Kanu further revealed that on the 24th May, 2024, His Royal Majesty, Igwe Nnaemeka Achebe, the Obi of Onitsha will commission the Old Court road and Kent/Ehi road, in Aba.

Then on Wednesday 29th May 2024, His Excellency, Commodore Ebitu Ukiwe (Rtd), former Chief of General Staff of the federal Republic of Nigeria will commission the Ossa road in Umuahia.

The information boss further enjoined Traditional rulers, Town Union Leaders, the Clergy, business community, Market leaders and Artisans to grace the occasion.

Politics › Africa Needs Standby Military Force To Deal With Coup Plotters: Bola Tinubu. by Gjrich(op): 4:39pm On May 23, 2024
Mr Tinubu advocated empowering regional blocs to establish standby military forces “to help contain military adventurers."

President Bola Ahmed Tinubu has called for the strengthening of regional economic communities to drive integration and trade ties among African nations in order to deepen democracy and accelerate development across the continent.

He said through bitter experience, Nigeria has learned that the solution to poor democratic governance is to have more democracy.

President Tinubu who made the call during the Summit on the State of Democracy in Africa on Wednesday in Abuja called for revitalization of sub-regional blocs like the Economic Community of West African States (ECOWAS), East African Community (EAC) and Southern African Development Community (SADC) as vehicles to usher in an era of robust intra-African commerce, economic growth and job creation.

The President who was represented at the event by Vice President Kashim Shettima said, “The immense potential of the African Continental Free Trade Area (AfCFTA) can only be maximally realized when there is concrete economic integration and collaboration at the different sub-regional levels,”

Delivering the keynote address, President Tinubu urged the regional bodies to prioritize minimizing trade barriers, promoting sustainable and inclusive economic growth, human capital development as well as value addition in agriculture and agro-allied sectors.

“We must deliberate on ways through which African sub-regional organizations can help foster better intra-African trade, achieve better food and energy security, promote higher rates of youth employment, alleviate poverty and realize greater prosperity for our people,” the President said.

President Tinubu noted that a reinvigorated sub-regional cooperation is critical for the successful implementation of the path-breaking AfCFTA by harmonising rules and regulations to facilitate the free movement of goods, services and people.

While acknowledging the “despair about democratic reversals” due to recent military coups, he expressed optimism about polls held successfully in nations like Liberia, Kenya, Ghana and Nigeria.

He said, “The tragedies of our nations and histories inspire our concern about the reversals of democratic governments, particularly in West Africa. That’s why we are alarmed by the military coups in Mali, Guinea Conakry, Burkina Faso, Niger Republic, and Gabon.”

The president however advocated discussions on empowering regional blocs to establish well-funded standby military forces “to help contain military adventurers and the rampaging waves of terrorism and religious extremism.”

President Tinubu urged African leaders to respect constitutional tenets like term limits, and ensure credible elections and autonomous institutions through the African Peer Review Mechanism (APRM) to achieve democratic consolidation.

“This Summit must discuss ways of making the APRM contribute to achieving good governance and democratic consolidation on the continent,” he stated.

Declaring that Africa can no longer be the “doormat of the world with street beggar economies”, President Tinubu called for concrete measures through reinvented regional bodies to boost trade, enhance security and entrench constitutional democracy for development and prosperity.

Earlier in his keynote remarks, former President of Nigeria, Chief Olusegun Obasanjo, said the answer to the myriad of challenges confronting democracy in Africa is in re-examining the model of democracy passed on to countries in the continent by their colonial masters.

He said leaders across the continent must come together to devise a form of contextual democracy that takes into account past experiences, addresses contemporary challenges and emphasises good leadership, strong institutions, and a stable middle class, all reflecting Africa’s rich cultural heritage.

The former President who expressed concern about the growing discontent for democracy in the continent opined that the model that will work for Africa is one that takes into account the typical and predominant political system, and is “suitably and appropriately placed to serve the objectives of the African people”.

In her goodwill message, the UN Deputy Secretary-General and Chair of the SDGs, Dr Amina Mohammed, said the active participation of women and young people in politics, and other decision-making processes will strengthen democracy in the continent.

She drew the attention of authorities in the continent to the effective implementation of laws, adherence to the tenets of accountability, and improved investment in democratic institutions, noting that they are critical to the sustenance of democracy in Africa and beyond.

On his part, the former President of the Nigerian Bar Association and member of the Board of Directors, Shehu Musa Yar’adua Foundation, Abubakar Mahmoud (SAN), said the focus of the summit, which is “the state of democracy in Africa”, aligns to the cornerstone of the Foundation’s mission and vision.

He said participants at the summit are expected to thoroughly interrogate the model of democracy practiced in Africa vis a vis current challenges experienced in the continent, to resolve the lingering issues and reshape democracy in the continent.

Also present at the event were the President of the Ford Foundation, Mr. Darren Walker; Executive Director of Trust Africa, Dr. Ebrima Sall, and Co-Founder of Afrobarometer, Prof. Gyimah Boadi, among others.

Politics › Why I May Not Hesitate To Support Peter Obi In 2027 – Atiku Abubakar by Gjrich(op): 9:36pm On May 20, 2024
Why I May Not Hesitate To Support Peter Obi In 2027 – Atiku Abubakar

The Presidential candidate of the Peoples Democratic Party, PDP in the 2023 election, Atiku Abubakar has hinted at the possibility of supporting his Labour Party counterpart in the last election, Peter Obi in 2027.

The former Vice President, who is currently on a merger talk with stakeholders of some opposition political parties, said he will not hesitate to support Obi in the next election if the party picks the former Anambra governor.

According to The Sun, Atiku gave the hint in an interview with BBC Hausa Service.

DAILY POST recalls that Obi and Atiku recently met behind closed doors, sparking speculations about a merger of some opposition political parties ahead of the 2027 general elections.

Confirming the move by opposition parties to align in a bid to unseat the ruling All Progressives Congress, APC in the 2027 election, Atiku said, “We can merge to achieve a common goal. So, it’s possible and nothing can stop it if we so wish to achieve that.

Atiku said if the new “party decides that it’s the turn of the South-East and Peter Obi is chosen, I won’t hesitate to support him.

“I have said repeatedly and I even said it before the 2023 general elections that if PDP decides to zone the presidential ticket to the South or South-East specifically, I won’t contest it.

“As long as it is the decision of the party, I will abide by it. But I contested the 2023 presidential ticket because it was thrown open to all members of the party”.

Politics › Re: Obi Media Team: Peter Obi Met With Atiku, Saraki, Lamido To Rescue Nigeria by Gjrich(m): 8:54am On May 14, 2024
Ezewuzie01:
Sue your father there!

Tell the dick sucker to step foot in the country if he will not spend 14 years in jail for being a homosexual. Peter Obi's only son sucks the dicks of other men.
You are a mumu man
Foreign Affairs › Re: Israel-Palestinian War: Why Is Muslim World Wicked? by Gjrich(m): 6:58pm On May 10, 2024
Validated:
The Arab and Iranian neighbour's of Palestine are not brotherly. With the number of reported displaced population, what does it take for the Arabs and their Persian brothers to accommodate them? Is it only to give them aids and weapons? Why not accommodate their civilians.

I imagine that if Israelis were ones being displaced, the West would have allowed their civilians to move over until the war is over.
In the case of Palestine, none of their neighbors want to help.

Why is it so, what are they afraid of, afterall Muslims are supposed to be their brothers' keepers Ju
The Arab Muslim countries refused to accommodate them because they knew that the majority or half of Palestinians were terrorists and the other half are terrorist sympathizers.
Palestinians are troublesome and problematic.
Palestinians alone have more than 5 thousand jihadists and suicide bombers.
Politics › It Is A Shame That A Country Of Over 200m Spend So Much Importing Food–Alex Otti by Gjrich(op): 6:46pm On May 10, 2024
The Governor of Abia State, Alex Otti while speaking at an event on Friday argued that Nigeria shouldn't be spending huge sums of money in importing food.

The Abia State Governor stated that Nigeria is blessed with good land but we are not making good use of it.
He noted that food insecurity in Nigeria ought to be a thing of the past because the Federal Government should have invested heavily in agriculture.

According to Otti, it is a big shame that Nigeria spent about N7.8 trillion to import food when we have good lands in the country.
He noted that investing in agriculture will not only solve the problem of food insecurity but will also go a long way in addressing unemployment and socio-economic instability in the nation.

Hear him, "It is a shame that a country of over 200 million people with so much arable land, reputed as the largest producers and cultivators of food items spend so much money importing food. Statistics show that in the last six years, this country has spent about N7.8 trillion to import food."

Politics › Finally, Yahaya Bello Agrees To Submit Himself For Arraignment On June 13 by Gjrich(op): 4:17pm On May 10, 2024
Former governor of Kogi State, Yahaya Bello, on Friday, finally agreed to submit himself to the Federal High Court in Abuja for arraignment on June 13 in the corruption charges against him.

Bello’s lead counsel, Abdulwahab Mohammed gave the undertaking to Justice Emeka Nwite on Friday shortly after the request for suspension of trial by the defendant was rejected by the court.

The senior lawyer claimed that the former governor was not afraid of arraignment but safety of his life in the hands of the Economic and Financial Crimes Commission, EFCC, in Abuja.

He said that the life of his client has been under consistent threats in Abuja, hence, his decision to go underground for safety.

The agreement to submit to court trial was informed by the remarks of Justice Nwite that EFCC as a law abiding body would not do anything against the provisions of the law.

The Judge said that Bello was not the first former governor to be merely invited by the anti-graft agency and would not be the last.

The Judge also said that the charges were based on allegations that have not been proved, adding that the law even presumed any accused person innocent until proven otherwise.

He advised the senior lawyer to prevail on his client to respect the law and order of court as a law abiding person.

Bello’s lawyer in response to the admonition, thanked the Judge for the hint, adding that with the assurance that the EFCC would not do anything untoward, the former governor would be brought to court.

“All my client needs is just an assurance for the safety of his life which has been under threat for some time in Abuja,” he said.

The lawyer requested for four weeks to bring his client before the court.

Based on the undertaking and no opposition from the EFCC counsel, Rotimi Oyedepo, SAN, Justice Nwite fixed June 13 for Bello to appear in court for his plea to be taken.

Politics › Northern Youths Attacking President Tinubu (video) by Gjrich(op): 7:48am On May 10, 2024
Politics › JUST IN: ‘Bitter Obi Cleanser For Bateria’ Nigerians Mock Tinubu Aide. by Gjrich(op): 8:28am On May 09, 2024
JUST IN: ‘Bitter Obi Cleanser For BATeria’ Nigerians Mock Tinubu Aide.

Supporters of Mr. Peter Obi, who are better known as the “Obidients” have taken to social media to mock President Bola Tinubu’s aide Bayo Onanuga and other supporters of the President over a recent comment by Onanuga where he tagged the Labour Party presidential candidate as ‘Bitter Obi’.

Onanuga made the remark while sharing a statement on his X page issued by Nwachukwu Chigozie to berate Obi.

Chigozie berated the former governor of Anambra State for applauding a mayor in Canada who praised Lagos State and Nigeria in general.

However, Nigerians on social media particularly supporters of Peter Obi have made a brand fortune out of what was widely described as a derogatory remark by a presidential aide.

Flaunting pictures of an herbal drink branded after Peter Obi they claim the drink is a treatment to ‘BATeria’, a word coined out of the President’s names, almost synonymous with bacteria.“

“The truth is bitter. Bitters will cure your impotence. The truth will set you free, know it. Be free from Bulaba chains. Take Bitter Obi today. Be set free. Take one teaspoon three times daily. Cure your madness today.” Dr Ayo (@Olu Ayoola7D) said via his X handle.

Another X user who is a supporter of Peter Obi, Ayemojubar (@ayemojubar) posted, Truth is Bitter; Bitter is Better; Drink Bitter Obi

BATeria Cleanser;” “Bitter Obi is available in different sizes. The good part is, it is produced by our own (Omoluabi) Peter Olamilekan Abdulfatai Obi. Trust Bitter Obi with your country your body go sweet you.” another X user, Ambassador posted.

“I need this Bitter Obi in bulk, I wan share to my BATeria neighbor in my community, They need to cleanse themselves from these shege and Yama they are experiencing” Omo Ilorin (@Babanlawon) said.

“Bitter kola fights infections from the common cold to hepatitis. Bitter Obi fights BATeria from eBola.” Ocular Priest

Fashion › Saudi Arabia To Participate In Miss Universe Pageant For The First Time by Gjrich(op): 8:09am On May 09, 2024
Saudi Arabia will participate in Miss Universe 2024 for the first time in the pageant’s history.

Rumy Alqahtani, a 27-year-old Riyadh-born model and content creator, will represent Saudi Arabia at the pageant.

“I am honoured to participate in the Miss Universe 2024 competition. This marks the first participation of the Kingdom of Saudi Arabia in the Miss Universe pageant,” Alqahtani posted on her Instagram account.

Alqahtani follows Lujane Yacoub, who represented Bahrain in the Miss Universe pageant last year, becoming the first woman from the Gulf region to do so.

The Miss Universe pageant this year will be held in Mexico, and will also see Iran debuting.

Besides being crowned Miss Saudi Arabia, Alqahtani also holds titles of Miss Middle East (Saudi Arabia), Miss Arab World Peace 2021, and Miss Woman (Saudi Arabia). She has represented Saudi Arabia previously in multiple international pageants, including Miss Asia in Malaysia, Miss Arab Peace, and Miss Europe.

Alqahtani has a Bachelor’s degree in dentistry and is fluent in English, French, and Arabic.

The Miss Universe pageant last year featured two transgender women and plus-size model Jane Dipika from Nepal, marking the first time a plus-sized contestant reached the semi-finals.

Sheynnis Palacios was crowned Miss Universe 2023, Nicaragua’s first win at the pageant.

Miss Nicaragua Sheynnis Palacios is crowned as Miss Universe 2023 (Getty Images)
Crown Prince Mohammed bin Salman Al Saud has been behind several changes aimed at bringing social and economic reforms to Saudi Arabia.

Women are permitted to drive, attend public sports events and concerts, and also obtain a passport without the approval of a male guardian. Saudi Arabia has also submitted an official bid for the 2034 Men’s FIFA World Cup, and has hosted several international singers such as BTS, Post Malone, and Mariah Carey, despite criticism that the pop stars were helping whitewash the regime’s human rights violations.

In 2022, Andy Murray refused to play in exhibition matches in Saudi Arabia because of alleged human rights abuses.

“He’s turned down stuff in Saudi and I don’t think he would play there just because of what’s gone on,” said Matt Gentry, Murray’s agent and the co-founder of 77 Sports Management.

Fifa was urged by Amnesty International and other global organisations last year to secure binding commitments to improving human rights in countries due to host the 2030 and 2034 World Cups.

“With only a single bid for each tournament on the table, Fifa may have scored an own goal,” Steve Cockburn, Amnesty International’s head of economic and social justice, said in a statement.

“Fifa must now make clear how it expects hosts to comply with its human rights policies. It must also be prepared to halt the bidding process if serious human rights risks are not credibly addressed.”

Politics › Naira Abuse: CSOs Petition EFCC, Police, ICPC Against Senator Monday Okpebholo by Gjrich(op): 3:17pm On May 08, 2024
A coalition of civil society organizations under the aegis of the Network of Civil Society Organizations in Nigeria has petitioned the Economic and Financial Crimes Commission (EFCC) against Senator Monday Okpebholo, the All Progressives Congress (APC) governorship candidate in the forthcoming September 21 governorship election in Edo State over alleged abuse of the Naira.

In a petition dated May 2, 2024, jointly signed by National Coordinator, Comrade Victor Kalu, and National Secretary, Alh. Ali Abatcha, a copy of was sighted by LEADERSHIP, the coalition highlighted the offence of Naira abuse and mutilation, cited in the Central Bank of Nigeria (CBN) Act of 2007, declaring such actions as punishable offences.

The group also petitioned the Nigerian Police Force and the Independent and Corrupt Practices and other related offences Commission (ICPC).

The group emphasised that the spraying or matching on the Naira notes during social occasions is a clear violation of the law.

They expressed disappointment that prominent individuals, including lawmakers, have violated the provision of the CBN Act.

They, however, commended the EFCC for its swift response in arresting and charging individuals who have been caught on viral videos abusing and defacing the Naira at social events.

Also, they specifically mentioned the cases of Mr. Okuneye Idris Olarewaju, popularly known as Bobrisky, and Mr. Pascal Okechukwu, also known as Cubana Chief Priest, who have faced legal consequences for their actions.

While praising the EFCC for its actions, the coalition demanded that all individuals captured in viral videos abusing the Naira should be promptly arrested and brought to justice, as no one is above the law.

In their demands, the coalition called the EFCC and other law enforcement agencies to investigate the viral video involving Senator Monday Okpebholo, who is seen engaging in Naira abuse and mutilation, saying the lawmaker should be held accountable for his actions as a representative of the people.

Failure to address the viral video involving the Senator, the group said it would take further actions by mobilising their members, supporters, and democracy advocates for a peaceful protest against the EFCC, citing selective action and bias.

“We would pursue legal action against the EFCC for negligence in the face of undeniable evidence and to seek a judicial interpretation of Section 21 (3) of the CBN Act 2007 (As Amended) as it pertains to the video evidence of Senator Okpebholo abusing and defacing the Naira,” they stated.

Politics › Those Who Warn Against Voting Tinubu Were Well Guided, We Apologise- Mahdi Shehu by Gjrich(op): 2:55pm On May 08, 2024
Those Who Warned Against Voting Tinubu Were Well Guided, We Own Them Apology-Mahdi

A Nigerian entrepreneur, doctor, and activist named Mahdi Shehu recently voiced his displeasure with the current situation in Nigeria in a statement posted on his official X account. In the message, Shehu discussed the N15 trillion Lagos-Calaba road building deal.

N15 trillion Lagos - Calabar coastal road construction contract and Tinubu's open assessment on procurement law: Nigeria has become a paralysed nation was the title of the remark. Just say no. The second is a "Democratic" drama's lined-up characters pop into your head. the scene. The setting, opening scene, prologue, and stage all contribute to building suspense about the drama's happy or sad ending.

The history, background, and documented characters of all individuals seeking to lead Nigeria were a good reference for those who advised against supporting Bola in 2023.
We should have listened more carefully to those wise people; now we know better. 'Had we known, we would have listened to the wise counsel and acted with caution,' millions of his canvassers are now saying despondently. insufficient, delayed When a lack of self-respect becomes the norm.

"Tragedy becomes imminent and unavoidable when habits and trademarks are involved," ShehuMahdi Shehu. Because we are a country in chains and want to be free, we need to shine a light on: Hebrews 29:13–14 When you seek me with everything you have, I will be found. I will return to you from captivity, the Lord says, "when you seek me."

Matthew 11:8ure you, despite his reluctance to do so out of friendship, he will definitely rise and provide you with everything you need due to your fearless audacity," Shehu wrote. The declaration is in response to rising worries about the openness and accountability of Nigerian politics and big-scale infrastructure projects.

Politics › If You Do Not Like Igbo, Airpeace, Tell Your Mother To Buy Airplane-Daddy Freeze by Gjrich(op): 2:22pm On May 08, 2024
If you do not like Igbo language and Airpeace, tell your mother to buy you an airplane- Daddy Freeze.

Nigerian On-Air-Personality (OAP), Daddy Freeze has taken to social media to react, following the criticisms of some Nigerians against Nigerian private Airline, Airpeace for using the Igbo dialect on their plane. He asked such people to request for their own aircrafts from their mothers, if they do not like boarding such airline because of the language that they are using.

Recall that some X users had earlier on taken to the micro blogging platform to drag Airpeace management for speaking Igbo language to their passengers that are onboard.

And so Daddy Freeze in reaction to such criticisms, took to his official Instagram account to state that the people that do not like Igbo language and Airpeace, should tell their mothers to buy airplanes for them to fly with.

In his own words, Daddy Freeze mentioned that;
"If you don't like Igbo language and you don't like Airpeace, you can tell your mother to buy you airplane. If you get your airplane, any language you want to speak is your concern."

Speaking further, Daddy Freeze stated that the people that are dragging Airpeace are undermining the effort of Nigerian businessman, Allen Onyema, adding that Allen Onyema has been the only Nigerian that has successfully travelled to Gatwick in recent years.

Politics › 6 Strange Things About The Calabar-lagos Coastal Highway. by Gjrich(op): 12:22am On May 08, 2024
6 Strange Things About The Calabar-Lagos Coastal Highway.

The Calabar-Lagos coastal road appears to be perennially swallowed in controversy since the first day of the project’s unveiling.

Over the weekend opposition leader and former vice president Atiku Abubakar added fuel to the fire when he revealed that the president’s son Seyi is on the Board of the firm given the gigantic contract and alleged that President Bola Tinubu appears to more concerned about lining the pocket of friends and family.

Analysts say there is a lot more about the huge deal than the government is able to disclose so far.

The analysts are shocked by the utter lack of transparency and empathy with which the construction is being handled and they have raised six mins boggling questions:

1. Nigeria seeks to build a Lagos-Calabar Coastal Highway. Of the places it could possibly start off from is Lagos, it just has to start off from Eko Atlantic, which is or will be the preserve of the privileged, ultra monied elite. Why?

2. The original coastal road as the people were told during the construction of the Lekki expressway/toll gates, was the Water Corporation road. Nigerians were told it was going to be an alternative route to the tolled road. Today, a large expanse of that road has been abandoned and is virtually an eyesore. But, we have chosen to ignore it and instead start a brand new “Lagos-Calabar Coastal Highway”. Why?

3. The Lagos-Calabar Coastal Highway is such an ‘urgent’ project that work on it commenced even before it was announced to the public. Quite a feat and highly unusual for any government project in this part of the world. Typically, such projects are slow to take off and are riddled with delays. In this case it’s so very different. What’s the great, big hurry and why?

4. This is the only project of this magnitude Nigerians have ever seen/heard of where an EIA stakeholder meeting is being convened AFTER the project has commenced. It appears the views/concerns of stakeholders and the potential environmental impact of the project are of absolutely no concern to the project owners/sponsors. This is particularly strange given the centrality today of ESG factors to project financing and investment decisions.

5. Globally, there are major concerns over the impact on coastal cities of rising sea levels, erosion and climate change. According to some reports, Lagos is particularly at risk from rising sea levels. Yet our government appears to be embarking on constructing a coastal highway at a cost of N4B per KM with no hard evidence of having conducted a proper EIA. Why?

6. The opacity about the source of funds and the nature of the handshake between government and the private sector in the funding arrangements makes it all even more worrying. First the contractor was going to self-fund and then suddenly, – change of plan – the government is now going to fund. But we don’t know the full cost, nor was any competitive bidding done. Why?

Many questions but no one’s giving any answers and as we speak, the demolitions have started. What exactly is the reason for the apparent obfusacation and difficulty with (or is it reluctance to provide) providing full disclosure of information that should be in the public domain? The people are afterall being told the road and accompanying demolitions are for the greater good and in the public interest.

Politics › Gov. Allex Otti To Ikpeazu: Return Airport Project Money And Other Looted Funds. by Gjrich(op): 9:08pm On May 07, 2024
Abia: You’ll refund Airport Project money, other looted funds, Gov. Allex Otti tells Ikpeazu.

According to Allex Otti, top on the list of funds that will be returned by Ikpeazu is the money budgeted for the airport construction
Abia State Governor, Alex Otti, says his predecessor, Okezie Ikpeazu, will not get away with the grand larceny and looting of the state’s treasury that happened under him (Ikpeazu).

This is as he warned the immediate past administration in the state, headed by ikpeazu, to get ready to refund every naira that was stolen under him.

According to Otti, top on the list of funds that will be returned by Ikpeazu is the money budgeted for the airport construction.

The governor read the riot act at Nvosi, during a solidarity visit by supporters and loyalists of the member representing Isiala Ngwa South State Constituency, Rowland Chinwendu.

Otti, who was reacting to the report of the forensic audit of the state’s accounts, said his administration is not fighting anybody but is only interested in recovering looted funds, in a bid to ensure good governance.

He stressed that what he wants is the progress and development of Abia State, noting that since the airport was not executed, the project money should be refunded.

Otti he is surprised that some people are insulting him in the media because he disclosed the findings of the forensic audit report.

The governor described the solidarity visit by Chinwendu and his supporters as a good omen.

“I established a forensic audit of our accounts as soon as I was sworn in and the report turns out that a lot of money was looted, stolen brazenly and part of the ones I mentioned was the N10 billion Abia Airport Project.

“They started insulting me. If you follow what is happening in the media, you would know that what I said is true.

“We are looking for our money. If we are not able to find the airport, they would have to refund us our money.

“We are not pursuing anybody, they should refund the money they stole, let’s use it to work for our people.

“Our place must develop. We will continue to build roads, we will continue to clean up the environment, we will continue to create jobs.”

In his speech, the member representing Isiala Ngwa South State Constituency, Chinwendu, noted that his people sent him to the House to represent their interest.

He stressed that he cannot afford to be seen as opposition to the governor, who is from the same LGA.

The lawmaker thanked the governor for the ongoing reconstruction of Umuikaa-Umuene road, among other projects in his constituency

Politics › Re: Shatima I Hope Is Not What I'm Thinking by Gjrich(m): 5:30pm On May 07, 2024
Southwest Cabals have already cloned or seen another look-alike Tinubu.
Waiting for another Artificial old Sudanese man to take over as Tinubu.
Politics › To See People Deported To Their States, Wait For State Police- Shehu Sani by Gjrich(op): 12:22pm On May 05, 2024
Former Senator Shehu Sani has spoken on the ongoing debate surrounding the establishment of state police in Nigeria, citing concerns over its potential implications for citizens.

In a recent statement posted on his official social media account, Sani addressed the growing demand for state police as a result of the country's rising security challenges.

"If you want to see how people will ‘packed up and deported’ to their states of Origin, wait for State Police," Shehu Sani wrote.

Sani's remarks come at a time when calls for the creation of state police forces have gained momentum in response to the inadequacies of the centralized law enforcement system in addressing local security threats.

Many argue that the establishment of state police would enable more effective and responsive law enforcement at the grassroots level, tailored to the unique needs of each state.

However, critics, including Sani, express concern regarding the potential misuse of state police powers, particularly in the aspect of political interference and abuse of authority.

Sani's reference to individuals being "packed up and deported" to their states of origin raises concerns about the possibility of state police being used as tools for marginalization.

The former senator's statement reflects general doubt within the Nigerian citizens regarding the possibility and implications of decentralizing law enforcement powers.

Politics › Why I Refused To Return Government Vehicles – Ex-edo Deputy Gov, Phillip Shaibu. by Gjrich(op): 9:44pm On May 04, 2024
Why I Refused To Return Government Vehicles – Ex-Edo Deputy Gov, Phillip Shaibu


Former Deputy Governor of Edo State, Philip Shaibu, has opened up about his impeachment, the state’s politics, godfatherism and the contentious issue of the campaign vehicles in his position.

In an exclusive interview with The PUNCH, Shaibu, who had previously accused Governor Godwin Obaseki of orchestrating his impeachment, revealed that he has forgiven the governor and is ready to reconcile with him.

Addressing the issue of campaign vehicles in his possession, Shaibu clarified that the vehicles in his possession were not new but refurbished ones that belonged to previous deputy governors. He emphasized his commitment to transparency and accountability during his tenure.

He said, “The vehicles they are referring to are the two Prado SUVs used by Lucky Imasuen as the deputy governor. The other Hilux was the one (Dr Pius) Odubu’s wife used, and the Land Cruiser was the one Odubu used.

“I took all those vehicles to the mechanic who changed their engine and refurbished them. Those are the vehicles that they are telling me to return.

“So, you can see how heartless men can be. I got only one new vehicle in almost eight years that I served as the deputy governor of the state.”

He emphasized his commitment to activism and the need for political leaders to prioritize the welfare of the people.

On the issue of his impeachment, Shaibu criticized the process, stating that the oath of office had been breached by Governor Obaseki multiple times. He also highlighted the need for constitutional amendments to protect deputy governors from arbitrary impeachment.

Politics › ₦80bn: Yahaya Bello Hits EFCC, Says I Won’t Disturb Myself Over One Jobless Fool by Gjrich(op): 2:49pm On May 04, 2024
https://www.instagram.com/reel/C6Je4W5Nsng/?utm_source=ig_web_button_share_sheet

[VIDEO]

Alleged ₦80bn Fraud: Yahaya Bello Hits Back At EFCC, Says ‘I Won’t Disturb Myself Over One Jobless Fool

Former Governor Yahaya Bello has launched scathing criticism against the Economic and Financial Crimes Commission (EFCC), branding the agency as “lawless” and “dishonorable.”

Bello vehemently denied being a fugitive and refuted claims that the EFCC had invited him for questioning regarding alleged financial misconduct after his tenure ended on January 27, 2024.

In a strongly-worded two-page statement titled ‘Re: Yahaya Bello: EFCC Never Disobeyed Court Order,’ issued on Wednesday, Bello accused the EFCC of peddling lies and twisting facts.

He lambasted the anti-corruption agency for labeling him as “still at large,” challenging them to produce evidence of any invitation sent to him.

Bello cited media reports suggesting that the EFCC had threatened to arrest and prosecute him immediately after he handed over power to his successor, Usman Ododo, for alleged crimes committed during his tenure as governor.

The statement referenced an ongoing trial in which Bello was implicated, emphasizing that he was described as “still at large” despite never being formally invited for questioning.

Bello concluded by urging the EFCC to provide clarity on the alleged invitation and to uphold transparency and accountability in its operations.

Celebrities › Even If I Retire Today, You Will Still Not Be On My Level– Wizkid Tells Davido. by Gjrich(op): 10:52am On May 04, 2024
Even If I Retire Today, You Will Still Not Be On My Level– Wizkid Tells Davido.

Grammy-winning Nigerian singer, Ayodeji Balogun, aka Wizkid, has boasted that even if he decides to retire from the music industry now, his colleague Davido will still not be on his level.

Wizkid stated this during a heated exchange with Davido on X platform on Monday night.

He described Davido as his “boy,” adding that the DMW boss is just an influencer with a songwriter.

He wrote, “I got nun to say to u my boy! I can retire today and you still not on my level. You be influencer with a song writer. Wish u well.”

Politics › Pres. Tinubu Approved Transferring Ohaji Power Plant To Imo Govt- Gov. Uzodimma by Gjrich(op): 5:34am On May 04, 2024
“I am happy to announce to you that President Bola Tinubu has approved the transfer of the project to the Imo Government.

Uzodimma assures residents of uninterrupted power supply, 5,000 direct jobs.

The Imo state Electricity law would bring rapid development not only to rural communities but also to the urban centres.

Gov. Hope Uzodimma has assured residents of the 27 Local Government Areas of Imo will soon enjoy uninterrupted power supply.

Uzodimma, gave the assurance while signing two executive bills into law, a bill on electricity and another to amend Imo State Polytechnic Law No. 15 of 2012 to pave the way for the merger of campuses of the polytechnic.

The governor said that the Imo state Electricity law would bring rapid development not only to rural communities but also to the urban centres.

“We are all living witnesses to the ordeal our people are going through in the power sector.

“There is absolutely limited or even no supply, businesses are dying every day and people are losing every day with the unemployment market swelling every day.

“I think it has come to a time that every sub-national government must rise and provide what will make life meaningful to her people.

“Electricity is as important as the food we eat everyday. It is the beginning of every development,” he stressed.

The governor, who noted that he took a comprehensive audit of the federal facilities in Imo and infrastructure meant to provide power, expressed concern over the abandoned Amaraku electricity project.

“The transmission and distribution infrastructure at the federal project at Egbema Power Plant initiated in 2006, has not been completed 18 years after.

“I have approached the Federal Government and requested that the project be transferred to Imo state and her development partners.

“I am happy to announce to you that President Bola Tinubu has approved the transfer of the project to the Imo Government.

“I am also happy to announce that an agreement has been signed by Imo Government with a world class power company from Egypt with credibility to generate, transmit and distribute electricity in the state,” he stated.

He expressed confidence that power supply will improve in the state in the next 12 months. Uzodimma further noted that an agreement had been signed with an Egyptian company, Afreximbank, Fidelity Bank and Marriott Group to provide a 200-room Imo Marriott Hotel in Owerri.

He said the state government only provided land in the Public Private Partnership (PPP) project which would be completed within 24 months. The governor said the three projects would provide over 5,000 direct jobs for the people of the state.

He said the government has already entered into an agreement with an Egyptian firm, Elsewedy Power Generation, for the generation, transmission, and distribution of electricity to all parts of the state within the next eight months.

The governor also announced that apart from the fact that electricity is now on the concurrent list, the federal government has given approval and support for the ambitious project.

Speaking to an excited audience after signing the bill into law, Uzodimma said the ultimate goal of the project is to boost the economy of Imo state through industrialisation.

According to him, with natural and human resources in the state, an uninterrupted power supply would be a fillip to the industrialisation policy of the administration. On the bill for the amendment of the Imo Polytechnic law, the governor said, it was aimed at centralising its operations as against the multi-campus arrangement.

He said: “It became necessary, given that of late, Imo now operates three state universities and there is no state in Nigeria with up to three universities.

“It has continued to overstretch our resources with the agony and risks of students going from one location to another at a time of insecurity.

“The need for a unified system became necessary to save the government the resources, demands and inconveniences occasioned by the robust demands of supervision and monitoring.

“It will also allow for even and proper development of the campus so that students will graduate from an environment that really enable acquisition of knowledge and instill sense of pride in the graduating students,” Uzodimma said.

Earlier, the Speaker of the Imo House of Assembly, Chike Olemgbe, while presenting the bills to the governor, said the executive bills passed legislative scrutiny and process.

Olemgbe said the timely presentation of the bill by the executive arm of the government to the State Assembly clearly shows Imo as a proactive government that yields to the yearnings of the people.

Politics › We Never Promised $600m Investment In Nigeria - Maersk CEO Tell Tinubu by Gjrich(op): 2:30pm On May 02, 2024

https://www.youtube.com/watch?v=n1k2ayuqMAI?si=ZsKkhGtJMokehM6s


We never promised $600 million investment in Nigeria during meeting with Tinubu: Maersk CEO.

The denial marks the latest in a trend of the Nigerian government parroting false claims about securing agreements with foreign entities.

Robert Maersk Uggla, chair of Danish shipping giant A.P Moller-Maersk, has denied signing any $600 million investment deal with the Nigerian government despite a Sunday press statement by President Bola Tinubu’s aide saying otherwise.

Mr Maersk met Mr Tinubu at a special session of the World Economic Forum in Riyadh, Saudi Arabia, last weekend, where the Nigerian leader asked the shipping mogul to complement his “administration’s ongoing $1 billion investment in seaport reconstruction.”

“We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships,” State House quoted Mr Maersk as saying on Sunday.

However, contrary to a widely circulated statement by his media aide, Ajuri Ngelale, that Mr Tinubu secured a $600 million investment deal to expand seaport infrastructure, the Maersk group said no such deal existed.

“We are not able to comment on any investment talks,” the group told UK newspaper Lloyd’s List on Tuesday.

“Maersk has been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to develop opportunities for growth to people, the port sector and businesses locally,” the Danish company told the newspaper.

“Therefore, it is natural to have an ongoing dialogue with the administration. However, we are not able to comment on any investment talks.”

The denial marks the latest in a trend of the Nigerian government parroting false claims about securing agreements with foreign entities.

Last September, the State House announced that Dubai had lifted a visa ban on Nigerians, but this turned out to be false.

Seven months after the announcement, Nigerians are still restricted from entering Dubai.

Politics › If A Fulani Is Not Safe In Sokoto, I Don't Know Where He Will Be Safe - Dr. Umar by Gjrich(op): 2:10pm On May 01, 2024
If A Fulani Is Not Safe In Sokoto State, I Don't Know Where He Will Be Safe In This Country- Umar.

Dr. Salim Musa Umar, the President-General of the Fulbe Global Development and Rights Initiative (FGDRI), emphasized the urgent need for action to address the ongoing conflict between Fulani and Hausa communities.

He called for the establishment of a committee tasked with engaging the Sultan to prioritize leadership and resolution of the feud.

Dr. Umar highlighted the existential threat faced by the Fulani people, stressing that if they are not safe in Sokoto State, it raises concerns about their safety nationwide.

According to what Dr. Umar said in the report by Vanguard, "It’s high time we set up a committee that will take us to the Sultan to take leadership seriously and settle the Fulani and Hausa feud.

As a race, we are facing an existential threat. If a Fulani is not safe in Sokoto State, I don’t know where he will be safe in this country.

The criminals among us are not representing us; they are not our ambassadors; we didn’t ask them to go and do banditry or kidnapping on our behalf; they are criminals and must be identified as such."

Politics › Somebody With ₦80 Billion Can Spend ₦1 Million A Day For 80,000 Days- Seun Kuti by Gjrich(op): 5:43pm On Apr 30, 2024
Seun Kuti, the son of the renowned Fela Anikulapo Kuti, has raised concerns about Nigerian politician Yahaya Bello's alleged financial mismanagement.

Kuti pointed out the gravity of the issue by explaining the reported embezzlement of ₦80 billion. He clarified that this sum is massive, equivalent to 80,000 million.

To put it in perspective, Kuti illustrated that someone with ₦80 billion could spend ₦1 million daily for an astounding 80,000 days, which amounts to a staggering 219 years.

Kuti highlighted the excessive wealth accumulation and questioned the necessity of amassing such immense amounts. He emphasized that these funds could have a far greater impact if utilized to aid others instead of solely benefiting a select few individuals.

In a video Seun Kuti shared via his YouTube Channel, He said, “They said Yahaya Bello has stolen ₦80 billion. Let’s go into the mathematics of what ₦80 billion is. ₦8 billion is 8, 000 millions. ₦80 billion is 80, 000 millions. Meaning somebody with ₦80 billion can spend ₦1 million a day for 80,000 days. I want to know who needs this kind of money? Is it that you need it?

So now, ₦1 million a day for 80,000 days. 80,000 days is 261 years (219 years actually). 80,000 days is 219 years of spending ₦1 million everyday. Are you telling me that this person needs this money or this person just want to make sure that that money is not used for the betterment of your life.”

Politics › Adebayo Adelabu: Accept Electricity Tariff Hike Or Face Total Blackout by Gjrich(op): 7:50am On Apr 30, 2024
The Minister of Power, Adebayo Adelabu on Monday warned that there would be total blackout in the country in the next three months if the proposed electricity tariff hike is not implemented.

The minister disclosed this yesterday in Abuja when he appeared before the Senate Committee on Power at an investigative hearing over the recent electricity tariff hike by the Nigerian Electricity Regulatory Commission (NERC).

This followed the rejection of the new tariff regime by the Senate committee, led by Senator Enyinnaya Abaribe.

Adelabu said, “The entire sector will be grounded if we don’t increase the tariff. With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariffs.

“The increment will catapult us to the next level. We are also Nigerians, we are also feeling the impact.”

He said the sum of $10 billion is needed yearly for the next ten years to revive the nation’s power sector and nip in the bud the challenges bedeviling it.

“For this sector to be revived, the government needs to spend nothing less than 10 billion dollars annually in the next 10 years.

“This is because of the infrastructure requirement for the stability of the sector. But the government cannot afford that. And so we must make this sector attractive to investors and to lenders.

“So, for us to attract investors and investment, we must make the sector attractive, and the only way it can be made attractive is that there must be commercial pricing.

“If the value is still at N66 and the government is not paying subsidy, the investors will not come. But now that we have increased the tariff for A Band, there are interests being shown by investors,” he said.

Adelabu said the inability of the government to pay outstanding N2.9 trillion subsidy was due to limited resources, hence the need to evolve measures to sustain the sector.

He appealed to the lawmakers to support the process of paying the debt owed operators across the value chain of generation, transmission and distribution.

But the Senate Committee on Power, led by Senator Enyinnaya Abaribe, expressed concerns over the suffering of Nigerians, and asked the minister and other key players in the sector to explore other options.

Senators Simon Lalong (Plateau South) and Adamu Aliero (Kebbi Central), said consultations were not made before the tariff increase, stressing palliative would have been provided in the process.

Abaribe, who is Chairman of the Committee said, “What Nigerians wanted was a solution to the issues and ways to ensure liquidity in the sector.”

He also decried the nonappearance of a company “ZIGLAKS” over the failed agreement to provide prepaid meters for Nigerians, alleging that the company had received N32 billion in 20 years to meter Nigerian electricity consumers.

Other stakeholders who made presentations at the investigative hearing were the Nigerian Electricity Regulatory Commission (NERC), Manufacturers Association of Nigeria (NAN), Association of Power Generation (Gencos), Electricity Distribution Companies (DisCos) among others.
https://dailytrust.com/fg-to-nigerians-accept-tariff-hike-or-face-total-blackout/

Politics › BREAKING: NFF Appoints Finidi George As The New Super Eagles Head Coach by Gjrich(op): 7:40pm On Apr 29, 2024
The Nigeria Football Federation has announced the appointment of Finidi George as new Super Eagles head coach.

The former international beat Emmanuel Amuneke to the job.
George, who spent 20 months as an assistant to José Santos Peseiro before the Portuguese voluntarily left the post following the accomplishment of Africa Cup of Nations runner-up position at Cote d’Ivoire 2023, took charge of the squad in an interim capacity during two friendly matches in Morocco last month.

George’s immediate task will be to guide the Super Eagles to victory in two 2026 FIFA World Cup qualifying matches against South Africa and Benin Republic in Uyo and Abidjan, respectively, in a little over five weeks.

The matches are must-win encounters, with the Super Eagles lagging behind in third place in Group C of the African campaign behind Rwanda and South Africa.

Politics › Obaseki Goes Tougher On Shaibu, Demands 15 Government Cars In His Custody by Gjrich(op): 6:18pm On Apr 28, 2024
Obaseki Goes Tougher On Shaibu, Demands 15 Govt Cars In His Custody


It is no longer news that Comrade Phillip Shaibu has been impeached as Edo State deputy governor and replaced with Engr. Marvellous Godwins Omobayo, also from Edo North Senatorial district, but the lingering succession struggle between Governor Godwin Obaseki and his embattled former deputy has continued unabated.

Shortly after Shaibu was impeached by Hon.Blessing Agbebaku led House of Assembly, government agents, obviously not done with the disgraced former deputy governor, demolished his security outpost in front of his private residence in Benin, claiming he is no longer in government to enjoy such privileges.

Word leaked out that the governor had ordered his Chief Security Officer (CSO) to seize government cars and hold them in his custody since he (Shaibu) was no longer in office, just as the deputy governor's allies were considering their options.

Shaibu's close friend begged to remain anonymous, saying only God knew when the illegalities against his principal would end. He said, "It is a part of the lawlessness and impunity against my principal (Shaibu).

Even though the impeachment case is still pending in court, they dismissed this person, who had only five months remaining in his second term after serving for four years as deputy governor in his first.

Hon. Chris Nehikhare, Commissioner for Communication and Orientation, responded by refuting the idea that Obaseki ordered his CSO to seize 15 official vehicles from the impeached deputy governor.

Following the impeachment of the former Deputy Governor, the Permanent Secretary overseeing Government Assets sent him a letter requesting that he return the official cars affixed to his office, as is customary practice worldwide.

You are undoubtedly aware that commissioners will also get their official automobiles back when their terms are up. Thus, it is standard procedure.

Politics › No Short Cut To Naira Appreciation, Says Ned Nwoko. by Gjrich(op): 8:47am On Apr 28, 2024
No Short Cut To Naira Appreciation, Says Ned Nwoko.

Nwoko, who represents Delta North, advised in a statement he signed and made available to the News Agency of Nigeria (NAN), in Abuja on Saturday.

He advised them to concentrate on tackling the main issues responsible for the Naira depreciation, saying there was no short-cut to success.

He said the quest for economic freedom and the strength of the nation’s currency was an ongoing journey.

Nwoko also said the continuous revisit to previously implemented policies and considerations of new ones were imperative.
He also said the value of a sovereign nation’s currency was the cornerstone of respect and collaboration among nations, while reiterating that Nigeria must stimulate Naira demand.

According to him, as a nation that exports crude oil and other commodities globally, it is imperative that all transaction on these items be conducted exclusively in Naira.

“This will incentivise buyers to seek out Naira, thereby driving its appreciation due to increased demand and scarcity.
“Moreover, the foreign reserve policy warrants reassessment. The practice of maintaining reserves in foreign jurisdictions, termed “foreign reserves,” is not only objectionable but also counterproductive to Nigeria’s economic sovereignty.
“Unlike other nations like the United States, Britain, France, and Japan, which hold their reserves domestically, Nigeria’s adherence to this practice raises questions about its colonial legacy.

“If our early indigenous leaders acquiesced to this approach due to colonial influence, why should we perpetuate it? The primary rationale often cited to justify foreign reserves is trade balance maintenance“, Nwoko said.

According to him, this argument lacks merit when considering the limited number of traders involved in importing goods into Nigeria, which constitutes a negligible fraction of the nation’s population.

“Therefore, the notion that foreign reserves are indispensable for trade balance equilibrium falls short upon scrutiny”, he said.

The lawmaker who is a Solicitor, Supreme Court of England and Wales, there was the need to acknowledge that the recent appreciation of the Naira was not solely attributable to the CBN’s new measures.

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“Rather, it can be attributed to the decline in refined oil imports following the production and distribution of refined petroleum from the local refinery – the Dangote refinery.

“Now envisage if other heavily consumed products were locally produced instead of imported. The success would be monumental and conspicuous,” he added.

In January, in a statement, he had preferred crucial measures to be adopted by the federal government CBN to combat dollarisation and stabilise the Naira.

Nwoko said that since the dissemination of that statement, various measures have been implemented to bolster the value of the Naira.

“However, the efficacy of these measures is yet to manifest fully, as the root cause of Naira devaluation remains unaddressed.

“Until we confront the underlying issues head-on, our efforts against dollarisation will be in vain,” he said.

Agriculture › Re: Quick Steps To Grow Yams In Sacks For Harvest Within 6-8 Months by Gjrich(m): 8:15am On Apr 28, 2024

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