COVER
Buhari Blames Foreign Powers for Nigeria’s Insecurity
From Longtong Ibrahim Yakubu (Kano), Jude Opara & Johnson Eyiangho, Abuja
President Muhammadu Buhari, yesterday attributed the country’s rising wave of insecurity to powerful countries bent on destroying the Nigeria.
Buhari made the allegation yesterday in Kano at a presidential lunch after his tour around the state to commission projects by the administration of Governor Ganduje.
“One can clearly see how these foreign countries took on our weaker part of Nigeria, the Lake Chad where we have reserves of crude oil, and cause serious mayhem there with consistent attacks,” Buhari said.
But for Governor Zulum who is serious with his duty, the story of the area around Lake Chad would have been different by now, Buhari said.
The President reminded that in 2015 when he assumed office, only four of Borno’s 17 local government areas were not in the hands of Boko Haram.
“And we are aware that people are using the insurgents who are fraudulent to cause problems, but today most of these local governments [areas] are free,” he said.
The President added that those behind the insecurities knew that Borno was potentially a rich state. “That was why when I was a governor there, I went to Niger, Chad and even Cameroon because you need your neighbours to survive,” he stated.
Buhari who expressed happiness with Governor Ganduje for the infrastructural development in Kano State also commended governors of Lagos, Kaduna, Katsina and Kogi states for doing good in their respective states.
The president also urged the elite to work on the education of youths, saying the lack of education among them is a problem.
President Buhari also cracked a joke saying he has huge qualifications including that of suffering and enjoyment while reminding that he was in prison and had contested the presidency on several occasions.
PDP Condemns Attack on Buhari in Kano, Blames Tinubu, Ganduje
The Peoples Democratic Party (PDP) has in the strongest terms condemned the attack on President Muhammadu Buhari today in Kano State by miscreants allegedly sponsored by the Presidential Candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu.
In a statement by its Spokesman, Hon. Debo Ologunagba, yesterday, the PDP said the “organized attack on the person of the President is outrightly treasonable and a sacrilegious assault on our national sovereignty which must be condemned by all”.
It said it was alarmed that the attack was part of APC Presidential Candidate’s alleged plot to undermine the Presidency, cause confusion, trigger violence in the country, disrupt the conduct of the 2023 general elections and derail our democracy; having realized that he cannot win in a peaceful, free and fair electoral process.
The PDP called on Nigerians to note how Governor Abdullahi Ganduje attempted to abridge President Buhari’s movement and even tried to stop him from visiting Kano State.
“More disquieting is the fact that the APC Presidential Campaign sought to humiliate and harm President Buhari, while performing his official duties in Kano.
“It should be noted that the APC Presidential Candidate has been displaying open aversion and making inciting statements against President Buhari since Mr. President’s declaration, in line with democratic best practice all over the world, that Nigerians should freely vote for any candidate and Party of their choice in the 2023 general elections.
“The apparent frustration of Asiwaju Tinubu to resort to encourage or condone violence is fueled by his entitlement mentality, that it is his turn to be President, despite his numerous ineligibility and disability baggage,” it said.
The PDP reminded Nigerians about Tinubu’s infamous statement in London where he declared to his supporters that “political power is not going to be served in a restaurant, it is not served a la carte. It is what we are doing; It is being determined; you do it at all cost; fight for it, grab it, snatch it and run with it”.
According to the party, only recently, Asiwaju Tinubu further incited his followers against President Buhari at APC’s Presidential Rally in Abeokuta, Ogun State, where he accused Mr. President of attempting to subvert the electoral process.
“It is now clearer why the APC Presidential Candidate brazenly established a militia code-named “the Jagaban Army” which is designed to undermine our national security, unleash violence on institutions of democracy and disrupt the electoral process.
The PDP counseled the APC Presidential Candidate to come to terms with the fact that Nigerians are determined to have free, fair and credible elections and that they are unwavering in their choice of the PDP Presidential Candidate Atiku Abubakar as the next President of the country.
“Asiwaju Tinubu should note that no threat by any means can divert Nigerians from the path to rescue and rebuild our nation; which aspiration is embodied in Atiku Abubakar,” it said.
Atiku Promises to Restore Security, Revive Agric, Open Border
The Presidential Candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has pledged to restore security in Zamfara State and the country at large, revive the Bakolori Dam to boost agriculture and open the land border for businesses to thrive in the state, if elected.
Atiku also promised that the Federal Government under his leadership will work with the Zamfara State Government to revitalise textile in the state which had been shut down in order to create jobs.
“I want use this opportunity to condole and sympathise with you. I know that apart from the people of Borno and Yobe states that suffered the loss of people (from insurgency and terrorism), you also suffer loss of lives as a result of banditry, armed bandits among others.
“We pray that God will bring this to an end. Vote for PDP, because APC brought this evil in the last seven to eight years of its administration.
“They (APC) brought insecurity, poverty, and disunity; our youth are not going to school because teachers are not paid in secondary and tertiary institution.
“With your vote, you will expunge them. I promised to restore peace and security in Nigeria; I see no reason why with your support and backing by the grace of God there won’t be peace in Nigeria.
“The people of Zamfara are known for trading, farming, today none of these (activities) exist, therefore with your support we will restore all businesses, ensure that all our youths are in school without hitches.
“We will work with the state government to revitalise the closed down textile company. We will open borders because it is not in line with the law. Our borders are closed while others are open,” he said.
Atiku also said that if elected, the Federal Government will assist the state to build an airport in Zamfara.
COVER
Another Blackout as National Grid Collapses Second Time in Two Days
By Mike Odiakose, Abuja
As Nigerians await full power restoration, the national grid has collapsed once again.The national grid collapsed on Tuesday, marking the 10th such incident since January 2024.It was confirmed that, as of 11 am on Thursday, the 22 power plants were only able to generate 2,323 megawatts of electricity, with generation dropping to 0.
00MW. The peak generation for the day was 3,743MW as of 10 am. The Ikeja Electricity Distribution Company reported a power outage at 11:29 am.“Dear Esteemed Customer, please be informed that we experienced a system outage today, 7 November 2024, at 11:29 hrs, affecting supply within our network.“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us,” IKEDC said.The Transmission Company of Nigeria has yet to provide an update on the incident at the time of this report which marks the 11th of such occurrences in 2024.The country recorded more than 93 cases of grid collapse during the eight-year administration of former President Muhammadu Buhari from 2015 to 2023.This persistent grid collapse has led to frequent blackouts, impacting businesses and daily life across the country.Nigeria had, in the past decade, secured about 10 loans totaling about $4.36bn from the World Bank to address challenges in the sector but there has not been any significant improvement even with additional funds from multilateral and donor agencies.This has heightened speculations that a sizable chunk of the loans may not have been disbursed for the purposes for which they were obtained.The frequent fluctuations in power supply have continued to take a toll on industrial and domestic consumers leaving frustration and low productivity in the aftermath.The Bola Tinubu administration has continued to seek additional World Bank loans, securing $1.901 billion in new funds since he assumed office in June 2023.The administration has also been making frantic efforts to expand the nation’s energy options through renewable energy projects.The government has also initiated massive solar energy extension, especially to rural communities across the country to bridge the gaping power gaps.With a population estimated to be more than 200 million, Nigeria has not been able to exceed 5000 Megawatts at any period in the past 10 years despite assurances by successive administrations.More disturbing to Nigerians is the astronomical increase in electricity tariffs across the board, peaking above 400 percent with the last hike that was affected earlier in the year.COVER
FG Defends CNG Vehicle Safety Amid Malaysia’s Phase-out plan
By David Torough, Abuja
The Presidency has sought to allay concerns regarding the safety of Compressed Natural Gas-powered vehicles, recently introduced in Nigeria as an alternative to petrol-powered cars.The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, dismissed these fears in a post on X on Thursday while responding to reports on Malaysia’s plan to phase out CNG-powered vehicles by 2025.
The Malaysian government announced plans to phase out CNG vehicles and end the sale of natural gas vehicles by July 2025. According to local media sources, Malaysia’s Minister of Transport, Anthony Loke, made this announcement at a press conference on Monday.He explained that the decision was intended to protect road users and the public from the potential hazards posed by ageing CNG tanks.Loke was quoted as saying, “These NGV tanks have a safe usage lifespan of approximately 15 years, and if they are not replaced, they become unsafe to use and may fail at any time.” From July 1, 2025, CNG-powered vehicles will no longer be registered or allowed to operate in Malaysia.However, Onanuga clarified that Malaysia’s policy was focused on the safety of Liquefied Petroleum Gas (LPG), not CNG.He added that Nigeria chose CNG specifically for its safety and cost-effectiveness, with plans underway to develop domestic tank manufacturing capacity.Onanuga wrote, “Some clarification on Malaysia’s plan to phase out CNG-powered vehicles:“The Malaysian issue relates to the safety of LPG, not CNG. In the original report, Transport Minister Anthony Loke stated, ‘There are also some car owners who have modified their vehicles using liquefied petroleum gas (LPG) cylinders, which are very dangerous.’“NGV covers both CNG and LPG. Nigeria, in its transition, has adopted CNG only, not both, due to valid safety and cost concerns regarding LPG.”Onanuga further noted, “Malaysia’s programme for CNG-powered vehicles struggled, achieving only a 0.2% conversion rate over 15 years. By contrast, nations like India, China, Iran, and Egypt have seen considerable success.”He added that Malaysia faced difficulties in replacing 15-year-old tanks due to limited manufacturing capacity, while Nigeria, in its first year of adopting CNG, is already addressing this.Malaysia introduced CNG for taxis and airport limousines in the late 1990s, while Nigeria began its own CNG initiative in 2024 as an alternative transportation fuel.COVER
Zenith Bank Upgrades Infrastructure, Assures of Exceptional Service
By David Torough, Abuja
Zenith Bank Plc has assured its teeming customers of exceptional service delivery and improved customer experience following the successful completion of its Information Technology Infrastructure Upgrade.
The Group Managing Director/Chief Executive of the bank, Dr.
Adaora Umeoji in a statement expressed her immense gratitude to all customers of the bank for their patience and support during its recent IT infrastructure migration to a new and more robust operating system.Umeoji emphasized that the bank was committed to delivering unparalleled service experience, saying “We undertook such an extensive endeavor in other to better position Zenith Bank Plc for improved service delivery to all our valued customers and provide memorable banking experiences at all our touchpoints,” adding that the bank now has one of the best technology infrastructure in the Nigerian banking industry, and is well positioned to ensure customers experience exceptional service delivery going forward.
Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offering, unique customer experience and sound financial indices.
The bank has remained a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.
The bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the 15th consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria 2023 and 2024 in the International Banker Banking Awards.
Further recognitions include being recognised as Best Bank in Nigeria for the fourth time in five years, from 2020 to 2022 and in 2024, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for three consecutive years, from 2022 to 2024, ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021; Bank of the Year for 2023 and 2024, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best
Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.