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28th Nigerian Economic Summit Holds October 24

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By Tony Obiechina, Abuja 

The Nigerian Economic Summit (NES) will hold between October 24 and 25 this year, Minister of State, Budget and National Planning, Prince Clem Agba has announced.

The minister made the announcement while inaugurating the Joint Planning Committee (JPC) for the event, at the Ministry’s Headquarters in Abuja on Thursday.

 

Thia years’ summit tagged “2023 and Beyond: Priorities for Shared Prosperity” is organized by the Nigerian Economic Summit Group (NESG) in collaboration with the Federal Ministry of Finance, Budget and  National Planning.

According to Agba, the need to tackle key economics especially in the area of infrastructure is key which is why the National Development Plan (NDP) is focusing on addressing the infrastructure gap in collaboration with the NESG

He said “The ministry just launched the Nigerian Infrastructure Master plan which identifies the strategies to be taken in tackling infrastructure deficit with huge collaborations from the private sector.

We have to address these issues not only road or housing infrastructure but also ICT, agriculture and others aspects.

“The economic summit no doubt has served as a forum to articulate our policies and strategies which is why we are fully committed to driving the cause of the summit,”

The minister said the federal government will be committing N15 million for the planning and preparation of this year’s summit, as against N10 million it provided the Planning Committee last year.

Earlier in his remarks, the Chairman of NESG, Mr. Asue Ighodalo said the summit since it’s inception in 1993 has offered workable solutions to economic challenges, adding that “This years own will provide an opportunity for aspiring leaders to present a clear cut agenda that will steer Nigeria from the current economic headwinds it is experiencing,”

Ighodalo reiterated the committment of the group to continue synergizing with the federal government ahead of the 2022 Edition of the Summit.

He noted that as the country prepares for general elections next year, the 28th Economic Summit, “presents a unique opportunity to galvanize stakeholders to articulate the country’s development imperatives that must satisfy the need for inclusive economic growth, security, social justice…”

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Nigeria, Afreximbank Strengthen Ties on Economic Growth, Financial Integration

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By Tony Obiechina, Abuja

On the sidelines of the 6th AU Mid-Year Coordination Meeting of the African Union, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun held bilateral talks with Dr. Benedict Okey Oramah, President of Afreximbank.

The meeting, which was held in Accra, Ghana weekend, reinforced the strong partnership between Afreximbank and the Federal Government of Nigeria, with a focus on driving economic growth and financial integration across Africa.

During the meeting, HM Edun acknowledged the fiscal policy measures implemented by the President Bola Tinubu-led Administration, which has significantly improved Nigeria’s revenue position.

He emphasized the critical need for comprehensive financial integration across Africa to drive intra-continental trade, investment, and development.

On his part, Professor Oramah reaffirmed Afreximbank’s unwavering commitment to supporting President Tinubu’s developmental objectives for economic growth.

 The bilateral talks underscored the importance of collaboration between Nigeria and Afreximbank in achieving shared economic goals.

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12 Storey Buildings at Risk of Collapse in Jos, Says Mutfwang

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From Jude Dangwam, Jos 

To forestall a recurrence, the Governor of Plateau State, Caleb Mutfwang yesterday inaugurated a Technical Committee to investigate the collapse a two-storey building that claimed lives of students and teachers of the Saints Academy, Jos, saying not less than 12 storey buildings are at risk of going down.

 He tasked the committee to thoroughly investigate the causes of the incident and examine the roles of all individuals involved in the construction and maintenance of the building.

Inaugurating the committee at the New Government House in Jos, the governor noted, “It is imperative that we understand why this incident occurred, identify any lapses in duty, and implement measures to prevent a recurrence.

“Reports indicate that around 12 other schools in the city are at risk of collapse, which necessitates urgent action.”

The governor said he remains committed to implementing stringent measures that will ensure the safety and integrity of buildings across the state.

“We will continue to enforce necessary changes with compassion, avoiding unnecessary hardship for our people.

“However, we cannot compromise on the safety of innocent lives. The loss of 24 children is a grave reminder of the urgency of our mission,” he stated.

Mutfwang directed the Secretary to the State Government to broaden the committee’s mandate to include the burnt Jos Main Market stressing that reports suggested that the remaining structure is also at risk of collapse.

He urged the committee to investigate the demolition process, the handling of materials, and the steps needed to ensure public safety.

Mutfwang called on the public to provide any information that could help prevent future building collapses in the state.

The chairman of the committee, Prof. Slim Matawal expressed gratitude to the governor for entrusting them with the critical task and assured that the committee would diligently work to prevent future incidents of building collapse in the state.

Members of the committee are: Prof. Slim Matawal as Chairman; Engr. Oke Ezema, Member; Arc. Olusegun Olukoya, Member; Bldr. Daniel Sani (NOIB), Member; Arc. Michael Yibial (ARCON) Member; Engr. Rose Daffi (COREN) Member; Arc. Barnabas Dafiel (JMDB) Member; Barr. Williams Habakkuk (MOJ) Member; ACP Dayyabu Ahmed (NPF) Member; and Mr. Yakubu Mallo (Director Administration, OSGS) as Secretary.A block of classrooms at the Saint Academy located in the Busa Buji community of Jos North Local Government Area caved in on July 12, killing as many as 22 school children and wounding others.

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Heed Voices of Aggrieved Populace to Avert Protest, Ajaero Tells Tinubu

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By David Torough, Abuja

In the countdown to the national protest against painful economic policies, the Nigeria Labour Congress (NLC) yesterday called on President Bola Tinubu to heed the voices of the aggrieved populace to tackle the situation.

Speaking through a press statement, the NLC president underscored the urgent need for dialogue between government and protest organizers.

“These are dire times that call for dialogue, not discord,” Ajaero noted, urging compassion and understanding from the authorities.

He said the planned protest is not merely a political manoeuvre but a genuine expression of citizens’ anguish and demand for responsive governance.

He stated, “Nigerians deserve to have their voices heard without being dismissed as mere political dissenters,” adding that citizens are facing widespread frustration over economic conditions.

The NCL President added, “Millions of Nigerians are suffering under the weight of economic policies that have exacerbated poverty and deprivation.”

He condemned any hostility towards protesters, highlighting that such responses fail to address the root causes of public dissatisfaction.

“You cannot silence those suffering and expect peace,” he cautioned, urging a constructive approach to prevent further unrest.

The National Bureau of Statistics (NBS) revealed that approximately 133 million Nigerians live below the extreme poverty line, with the International Rescue Committee (IRC) reporting acute hunger affecting 32 million people in 2024 alone.

Unemployment and underemployment further compound the problems, pushing countless families to the brink.

Central to the NLC’s stance are grievances against recent government policies, including steep increases in fuel prices, electricity tariffs, and user fees for essential services.

These measures have significantly burdened ordinary Nigerians while seemingly benefiting a privileged few, intensifying public resentment.

The nationwide protest is billed to hold from Aug. 1 to 10.

The leadership of the Social Democratic Party (SDP) has thrown its weight behind it.

The National Chairman of SDP, Shehu Gabam at a press conference in Abuja last week said the demonstration is in the interest of the masses.

However, the Chairman of Progressive Governors’ Forum and Imo State Governor, Hope Uzodimma exonerated Tinubu from the inflation and economic challenge ravaging the country.

He argued that the biting hardship is a global phenomenon and not limited to Nigeria.

Mr Bayo Onanuga, a presidential aide on Sunday accused supporters of the Labour Party candidate in the 2023 presidential election, Mr Peter Obi of planning the protest.Onanuga who is Special Adviser to President Bola Tinubu on Information and Strategy said that Obi would be held responsible for whatever crisis that may emanate from the action.

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