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2023: Saraki, Tambuwal, Bala Mohammed  Begin Joint Consultative Meetings with Govs

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From Victor Nick Gai, Jalingo and David Torough, Makurdi

.Push for No-zoning Arrangement

.Seek Northern Consensus Candidate

Former Senate President, Dr Bukola Saraki, Governor Aminu Tambuwal of Sokoto State and Governor Bala Mohammed of Bauchi State, all of whom are presidential aspirants on the platform of Peoples Democratic Party, (PDP) have remained dedicated to their course of evolving a consensus candidate among the aspirants from the north.

Curiously, former Nigerian Vice President, Atiku Abubakar, who is also from the north and on the verge of contesting the presidency for the fourth time, appear not to be on the same page with them.

The threesome of Saraki, Tambuwal and Mohammed began their mission three weeks ago when they met in Bauchi with Mohammed as their host. Addressing the press after their meeting, Saraki declared that their intention was to bring up a northern consensus presidential candidate and to sell the idea to Atiku.

While it appears that Atiku is unyielding in throwing his hat into the ring, Saraki and company have coalesced into a Unity Forum umbrella upon which they have resolved to traverse the country in a consultative meeting with PDP governors.

Apart from pressing for need for the northern presidential aspirants to produce one formidable candidate, they are spreading the message that zoning out the north and making the party’s presidential ticket and exclusivity of the South would be counter-productive at the polls, given that the game-changing votes in every presidential election circle come from the north.

On Monday the trio visited the Benue State Governor, Samuel Ortom, to consult him on their missions.

They held private discussions with Ortom in furtherance of their three-prong objectives as well as in the interest of the country.

Saraki, who addressed Ortom on behalf of the team, disclosed that they decided to form a unity team, mainly to enable them reach a consensus among themselves in the days ahead.

He stressed that they took the initiative to work as a team without anybody forcing them to do so, adding that it became necessary because the country was too divided by personal interests.

According to Saraki “I’m here today with my two brothers, the governor of Sokoto State, His Excellency, Aminu Tambuwal and of course, the governor of Bauchi State, His Excellency, Bala Mohammed. We are here today as part of our ongoing consultation of three of us who have shown indication to aspire for presidency under our great party.

“We, on our own about couple of weeks ago felt that in the interest of our party as well in the interest of our great country that we should be able to come together and find a consensus among us.

“Our interest is very little compared to our country’s at this time when it is in its very defining moment. I believe only our party can rescue this country from where it is today and those of us who are aspiring are committed to ensure that we find somebody who will unite us whom we will all support. That’s a better way to unite the party and reduce the rancour in the process.

“To do that, we must also carry along key stakeholders of the party, leaders in the party like you and that’s why we are here today. Three of us alone cannot win and deliver; it is all of us and that’s why we feel that at this very stage of our deliberation, leaders like you must be part of it. That’s why we held a private discussion for you to know that we are very serious about this.

“The seriousness comes from our total belief that it’s for the unity of our party. All of us are eminently qualified to lead this country; it’s about us ensuring that we put the country first and that is why we are here.”

Saraki thanked the Benue State governor for the fruitful discussions they had, noting that “We’re confident and encouraged by your comments that what we are doing is in the best interest of our party and for our country.”

He added that, “Our plan is to see the other colleagues across the country. We’re hoping today to see you and two other governors and also tomorrow some others.

“We are committed on PDP winning. Any of the aspirants is eminently competent to rule this country and lead this country. But whoever that person is, he needs all of us. That is what is priority, not whether Aminu is president or Bala or Wike or Anyim or Waziri; no! It is what will make Nigeria better and we believe it’s the PDP platform.”

Governor Ortom eulogised the trio, describing all of them as eminently qualified to be the president of Nigeria, adding that, “These two leaders (Saraki and Tambuwal), Nigerians can testify that during their time that they did very well and delivered on their mandate, so I’m not surprised today they are coming out for presidency. My brother, Mohammed, who we were colleagues together at the administration of President Goodluck Jonathan, he is also eminently qualified and I’am happy.

In continuation, the three on the same day moved to Abuja, where they consulted the Taraba State Governor, Darius Dickson Ishaku, who promised to work for the emergence of a credible presidential flag-bearer that could make the return of the PDP to power at the federal level in 2023 a reality.

They met with Gov Ishaku at the Taraba State Governor’s Lodge in Asokoro, Abuja.

Gov Ishaku expressed delight that the three aspirants were collaborating to produce a strong presidential candidate for the party and called on leaders of the party to support the initiative.

He said Nigerians of all interests and backgrounds were waiting for the PDP to take over the leadership of the country come 2023 and called on all party members to embrace the initiative being championed by the three aspirants.

Senator Saraki who led the three aspirants on the visit, said they came to consult the governor, being one of the most respected elders and a critical stakeholder of the party.

He said the three of them were working together on a common front in order to ensure the party produced a candidate without rancour.

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Hunters, Police Rescue Abducted CUSTECH Students

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.From Joseph Amedu, Lokoja, Attah Ede, Makurdi

Some of the students abducted by gunmen at the Confluence University of Science and Technology (CUSTECH), Osara have been rescued safely by local hunters and other security agents.Kogi Commissioner of Information and Communications, Kingsley Fanwo who disclosed this in a statement made available to journalists yesterday said the success story came hours after the governor of the state, Ahmed Usman Ododo visited the institution to assure parents of his commitment to rescuing the students.

According to the commissioner, “Local vigilante men and security agents engaged the kidnappers in a fierce shootout and the kidnappers succumbed to superior firepower and escaped with gun wounds, leaving the kidnapped students who also ran in different directions to avoid being caught up in the fire exchange”Many of the students’ kidnapped and even other people in captivity have been rescued and taken to medical facilities for proper attention, while many others were also rescued in the early hours of today (Sunday).
”Security agents are currently combing the forests to ensure that all the kidnapped students are found and brought home safely.”In the sporadic gun battle to rescue our dear students, a local hunter and a DSS operative sustained injury and they are currently receiving medical attention”We commend our local hunters and all the conventional security agents for their bravery and gallantry.”Of special commendation is the DSS for acting on credible intelligence to coordinate a fearless confrontation on the outlaws.”The security agencies have once again demonstrated why Kogi State will remain an uncomfortable place for bandits, kidnappers and other criminal elements.”The success recorded so far is a clear testament of the readiness of Governor Ahmed Usman Ododo to ensure adequate and uncompromising security for the people of Kogi State.”We urge residents to report anyone with gun wounds found in their communities to law enforcement agents.”Similarly, hunters at the weekend uncovered a baby reportedly buried alive in a bush in Ashav Kusuv Community in Buruku LGA of Benue State.

A source from the area who simply identified himself as Terna told journalists on phone in Makurdi that it was sheer luck of the baby as hunters found her and brought her alive from the forest.”Some hunters on Saturday found a baby girl and said that they found her buried alive in a forest.”The baby is currently being taken care of at Ashav Kusuv community,” he explained.Details of how the baby got to the forest were yet to be established.However, Chairman of Buruku LGC, Iorkyaan Agber who confirmed the development on phone yesterday, told journalists that the baby was found in a forest by some hunters.”It’s true that some hunters found a baby in the forest but we are investigating to know who went and dropped a little baby in the forest and the reason for doing that,” he said.Efforts to get the reaction of the state command police public relations officer, Catherine Anene about the incident were not successful as her phone rang out and could not respond to text messages sent to her cellphone.

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Nigeria’s Oil Production Increases by 4% to 1.28mbpd

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Data released by the Nigerian Upstream Regulatory Commission (NUPRC) has shown the nation’s crude oil production in the month of April, 2024, rose marginally by four percent to 1.28 million barrels per day compared to 1.23mbpd recorded in March.The lack of improvement in production came despite the Federal Government’s effort to boost oil production to meet the 1.

78mbpd target for funding the 2024 budget.
When added to condensate oil, production was 1.
447 million barrels per day compared to 1.438mbpd recorded in the previous month. The production figures with condensate were 1.539 million barrels per and 1.643 million barrels per day in the months of February and January respectively.
The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri had announced the government’s plan to hit two million barrels oil production by the end of 2024.He however, explained that drop in oil production in the last few months was caused by issues encountered on the Trans Niger Pipeline, coupled with maintenance activities carried out by some oil companies operating in the country.Lokpobiri in a statement by his media aide, Nnemaka Okafor assured that measures were being taken to address the situation to, “not only restore production to previous levels, but to also increase it.”“The Minister is also pleased to announce that the issues have been adequately addressed, and production is expected to return to its previous levels in the coming days.“He anticipates that Nigeria’s oil production, including condensate, which was approximately 1.7 million barrels per day (bpd) prior to these developments, will soon be restored.“Furthermore, the Ministry of Petroleum Resources is actively engaged in policy evolution aimed at maximizing the utilization of all available wells in Nigeria. This strategic approach will enable the country to ramp up production, thereby generating vital revenue to stabilize the nation’s foreign exchange reserves. The increased revenue will also empower the government to fulfill its commitments in providing essential infrastructure, as outlined in the 2024 budget,” she added.The government has also blamed oil theft and pipeline vandalism for the industry’s failure to the country’s OPEC quota of 1.5 million barrels per day.Lokpobiri explained, “the quickest way to solve our economic challenges is through the oil and gas sector. Today, oil sells for over $90 per barrel and if we ramp up production and we reduce the level of oil theft and pipeline vandalism, we will be able to raise the requisite money to be able to fund not only our budget, take care of our forex problems and then ensure that we stabilize our economy.“There is no country in the world that doesn’t prioritize security and investment in its oil assets. Part of our own objectives is to reduce pipeline vandalism and oil theft to the barest minimum. We cannot completely eliminate it but working together with you will be able to reduce it to the barest minimum. So that we will be able to benefit from the production of oil and gas that is going on.”

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Expert Urges FG to Price Crude Oil in Naira to Strengthen Currency

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A financial expert, Mr Okechukwu Unegbu, has advised the Federal Government to consider pricing the country’s crude oil in Naira in order to strengthen the local currency.Unegbu, a past president of the Chartered Institute of Bankers of Nigeria (CIBN), said this in an interview with newsmen on Sunday in Abuja.

According to him, the country’s crude oil, bonny light, is of the highest quality and most sought after in the international market.
He said that the government could afford to ignore OPEC regulations and start pricing its crude oil independently in Naira, adding that it would not reduce patronage.
“Floating the Naira was a major error that has exacerbated the inflationary trend and caused the people so much pain.
“Nigeria should do something about pricing its oil in Naira. We should leave the regulations of the Organisation of Petroleum Exporting Countries (OPEC), and price our oil independently,” he said.Unegbu also advised the government to ignore most economic prescriptions by the Bretton Woods institutions and produce indigenous solutions to the nation’s economic challenges.Also, an economist and a past president of Abuja Chamber of Commerce and Industry, Dr Chijioke Ekechukwu, said that the Naira could be strengthened if the country could earn substantial foreign exchange revenue on a daily basis.Ekechukwu urged the Federal Government to use every possible avenue to increase the country’s export base to earn more forex.He advised the government to ensure that the country’s crude oil sales met the OPEC quota of 1.8 million barrels per day.He said that the government should ensure that the revenue from crude oil sales came in on a daily basis through the Central Bank of Nigeria (CBN).“If we sell our exports on a daily basis, we must get the revenue on a daily basis.“The revenue must come through the CBN, and the apex bank must receive and distribute such revenue almost immediately.“But if we have inflow coming in as revenue and the CBN is not seeing it, the NNPC is selling but we do not know where the money is going to, there will be shortage of forex.“We need a situation where we earn forex on a daily basis, and we have excess of it in the market for both the banks and the Bureaux De Change.“Until we have such a situation and we are able to meet all the demands of importers, the exchange rates will not come down in a hurry,” he said.

According to a renowned economist, Prof. Ken Ife, if inflation can be addressed; if we produce more food, things will improve. It will also address the issue of “dollarisation’’ of the economy.Ike said that the importation section required four billion dollars monthly to import goods and services into the country.“But because we have excess liquidity in the system, speculators are simply keeping the dollar as a store of value. Excess liquidity is a major challenge to the Nigerian economy.“People with so much Naira go looking for dollars. They are now betting on the Naira, and the forward bet on the Naira is that it will continue to go down.“Everybody keeps holding the dollar and using the dollar to trade with the expectation that the Naira will continue to fall.“If the expectation is that the Naira will appreciate, people will quickly sell their dollars,’’ he said.The Naira experienced a free fall after Tinubu unified the dual exchange rates and floated the currency in 2023.The policy, coupled with the prevailing dollar illiquidity had seen the Naira exchanging for as high as N1,900 to the dollar in February.

However, the currency started gradual appreciation in March, peaking at N1, 100 to the dollar at the parallel market in early April.This was as a result of the monetary policy tightening by the CBN, and attempt to improve dollar liquidity by selling some treasury bills to foreign portfolio investors,The Naira, again, started losing steam and becoming weak towards the end of April, and now exchanges at N1,400 to the dollar.

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