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Lead with Wisdom, Courage, Compassion, Buhari Tells Tinubu

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By Mathew Dadiya, Abuja

President Muhammadu Buhari, yesterday urged the President-elect, Asiwaju Bola Ahmed Tinubu to lead the country with wisdom, courage and compassion.

Buhari gave the advise during the investiture of the President-elect and Vice President-elect in Abuja.

“Once again, I congratulate President-elect Bola Ahmed Tinubu and Vice President-elect Kashim Shettima on their well-deserved investiture.

May the Almighty bless you and guide you in your endeavors to lead Nigeria towards a brighter and more prosperous future,” he stated.

Buhari said the administration was faced with many challenges at inception and worked hard to tackle hydra-headed issues.

“This administration from inception has faced security challenges such as insurgency, oil theft, kidnapping as well as corruption which has eaten deep into the system.

“With the political will and support of many Nigerians, especially our dogged Armed Forces, insurgency, terrorism, and kidnapping have been reduced to their barest minimum while corruption has been tackled headlong.

“Despite the aforementioned challenges, our administration has made economic gains over the years. While acknowledging the turbulent times and global economic meltdown occasioned by the world oil crisis and most recently, the COVID-19 pandemic, our economy has remained afloat and strong.

“Our administration’s commitment and determination in infrastructural upliftment of Nigeria have remained unshaken,” he added.

As part of his achievements, the President noted that Second Niger Bridge, named President Muhammadu Buhari Bridge, had been completed and commissioned.

“I am happy to say that no administration in Nigeria’s modern history has given so much attention to roads as we have done in the last eight years. In all, we have been able to construct and complete over 8,352.94 kilometers of roads across Nigeria.

“Ladies and gentlemen, in spite of the shortfall in the federal government’s revenue, due to the weakness in the global economy that led to a drop in oil revenue, we have touched on all sectors of the Nigerian economy positively.

“As we celebrate the monumental infrastructural strides achieved by this Administration, it is pertinent to acknowledge that these transformative endeavors have not only reshaped our physical landscape but have also paved the way for remarkable economic outcomes that reverberate across our nation.

“The link between infrastructure and economic prosperity is undeniable. It is through the construction of roads, railways, bridges, and other critical assets that we unlock the true potential of our nation, leading to better communication, facilitating trade, and propelling economic growth,” he said.

“To avoid a repeat of our 2015 experience,” the President said an Executive Order No. 14 of 2023, had been signed, establishing the legal framework for conducting presidential transitions at the federal level.

He said the Executive Order establishes the Presidential Transition Council chaired by the Secretary to the Government of the Federation and Ministerial Transition Teams headed by the Permanent Secretaries.

Buhari explained that the primary responsibility of the two ad-hoc bodies was to ensure that every piece of information that will help a new administration get off to a speedy start was made available in a usable format and in a timely manner.

 “Today, I am so proud to have handed over to you my Successor, Your Excellency Bola Ahmed Tinubu three key documents that will guide you as you aim to define a path for your administration.

“It is my earnest desire that you will find these documents useful as this would be the first time in the history of this country that such detailed documentation will be produced for handover to a new administration. I strongly encourage you to uphold this legacy and make the experience even better for your successor by the time you are to leave office.

“It may also interest you to know that apart from these three documents, all the Ministries and their Agencies have also prepared their Handover Notes, ready to brief their new political leadership. I want to sincerely thank the Secretary to the Government of the Federation and his team for this great feat,” he further stated.

On the transfer of a symbolic baton to Asiwaju Tinubu, the President said that the incoming government would continue with the race of advancing democracy and development.

“This is a first in the history of our Nation’s transition process. To preserve this remarkable history for generations to come, I have directed that the Baton be preserved in the Presidential history wing of the National Archives and I hope that President-elect Tinubu and those after him will build on this tradition,” he stressed.

At the event, Buhari honoured president-elect Bola Ahmed Tinubu and Vice President-elect, Kashim Shettima with national investiture of Grand Commander of the Federal Republic (GCFR) and Grand Commander of the Order of Niger (GCON) respectfully in line with the May 29, inaugural process.

The President said, “I have run a good race, I have finished my course. It is now time for another to take up the baton.”

The investiture of the President-elect and Vice President-elect sets the pace for their swearing into office on Monday, May 29th, 2023, drawing a curtain on the eight-year administration of President Buhari and Vice President Yemi Osinbajo, who served two terms, 2015-2023.

Buhari congratulated both political leaders, who had served as Governor of Lagos and Borno States, respectively.

“I extend my warmest congratulations to the President-elect, on his well-deserved victory at the February 25th, 2023 Presidential elections. The Nigerian people have recognized your leadership qualities, political acumen, and passion to serve our great nation, and have entrusted you with the burden of governing our beloved country.

“I have no doubt that Nigeria will continue to thrive and achieve new heights under your leadership. You were the best candidate at the elections and Nigerians have chosen wisely.

“I equally extend my congratulations to the Vice President-elect. Your wealth of experience in governance, your unwavering commitment to the well-being of the Nigerian people, and your exemplary leadership during challenging times as Governor of Borno State, have made you a deserving candidate for this position. I have full confidence that you will serve our nation with utmost dedication and integrity.

“In accordance with the Honours Award Act, 1963, Laws of Federation of Nigeria, (LFN), 2004, Presidents/Heads of State receive the Honour of Grand Commander of the Order of the Federal Republic (GCFR) while the Vice Presidents are awarded the Grand Commander of the Order of the Niger (GCON).

“Today, with the authority vested in me, as the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, I have conferred the National Honour of GCFR on His Excellency Bola Ahmed Tinubu and that of the GCON on His Excellency Kashim Shettima respectively.

“As we celebrate this auspicious occasion, let us not forget the immense responsibilities that come with leadership. The challenges facing our nation are significant, and it is the duty of the President and Vice President to address them with courage, wisdom, and compassion.

“We must remain committed to the principles of good governance, transparency, and accountability, as these are the foundations upon which our nation’s progress and development rely,” he said.

Buhari noted that Asiwaju had the experience and capacity to lead the country, carrying on the legacy of his administration.

“President-elect, Bola Ahmed Tinubu, you have a long and illustrious track record of public service, marked by your exceptional achievements in various capacities. Your transformative leadership in Lagos State, where you left an indelible mark in the areas of infrastructure, education, healthcare, and economic development, speaks volumes about your dedication to the welfare of the Nigerian people.

The President expressed deepest gratitude to Nigerians for their unwavering support and trust throughout his tenure, adding “It has been an honour and a privilege to serve this great nation, and I am confident that Nigeria is in capable hands as we embark on this new chapter.”

President Hands Over  Transition Documents 

President Muhammadu Buhari, yesterday handed over transition documents to the president-elect, Bola Ahmed Tinubu.

The files which contain three key documents, comprise of briefing notes (on each of the nine priority areas covering key sectors).

A compendium (which captures the priority programmes and projects implemented by his administration) and a Policy Status update were also handed to the president-elect.

This documents were given to Tinubu at the State House Conference Center in Abuja, after he and his vice president-elect, Kashim Shettima, were conferred with the National Honours of Grand Commander of the Federal Republic (GCFR) and Grand Commander of the Order of Niger (GCON).

The President also handed over the baton of service to the president-elect indicating that government is a continuum. The ceremony is the first in a series of events lined up for the May 29 inauguration.

This is the first time in the history of transitions in Nigeria that the transition process has been driven under an Executive Order 14 signed by President Buhari.

The order sets the process of presidential transition on a path of a legislation, which will institutionalize it.

I Understand Task Ahead, Won’t Disappoint  – Tinubu

President-elect Bola Tinubu, yesterday said he understands the magnitude of the task ahead as he prepares to take on the mantle of leadership.

The former governor of Lagos was declared the winner of the February 25 presidential election after defeating Atiku Abubakar of the Peoples Democratic Party (PDP) and Peter Obi of the Labour Party (LP).

Yesterday, Tinubu was conferred with the Grand Commander of the Order of the Federal Republic (GCFR) — the highest national honour — while Kashim Shettima, the vice-president-elect, was bestowed with the Grand Commander of the Order of the Niger (GCON).

Speaking after receiving the honour in Abuja, Tinubu told President Muhammdu Buhari to “expect knocks” on his door.

“I understand the honour given to me today and the magnitude of the task ahead; whether you go to Daura or Niger Republic, expect knocks on your doors,” he said.

Tinubu, who is expected to be sworn in as president on May 29, said he will not disappoint Buhari and Nigerians.

He also praised the outgoing president for honouring the late MKO Abiola, the winner of the annulled June 12, 1993 presidential election.

“President Buhari, you have shown courage in taking tough decisions others avoided. One such decision was to recognize the injustice of the annulment of the 1993 election, to designate June 12 as Democracy Day, and to bestow the nation’s highest honour on the late MKO Abiola,” Tinubu said.

“As much as anyone could, you reached back into history to set the records straight and heal a festering wound. The justice you did in this matter lends special meaning to today.

“I am a simple man who is the beneficiary of the support and goodwill of the people of Nigeria. The people have put their trust in us. You have done your part Mr. President.

“Now, that great duty descends on me. I understand the meaning of the honour given to me today and of the task that awaits.

“I must run this race and must do it well. On security, the economy, agriculture, jobs, education, health and power and in all other sectors, we must make headway. The people deserve no less. In this, I shall disappoint neither them nor you, Mr. President.”

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281 Inmates Missing from Custodial Centre after Borno Flood

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By David Torough, Abuja

Nigerian Correctional Service (NCoS) has declared 281 inmates missing from the Medium Security Custodial Centre, Maiduguri, Borno State.

NCoS said this followed an evacuation after the flood that engulfed the state capital.

A statement onby the Service Public Relations Officer (SPRO), Mr Abubakar Umar yesterday in Abuja said seven other inmates had been recaptured.

Umar said that the service was in custody of the details of the missing inmates, including their biometrics.

“The flood brought down the walls of the correctional facilities, including the medium security custodial centre Maiduguri (MSCC) as well as the staff quarters in the city.

“Upon the evacuation of inmates by officers of the service with support from sister security agencies to a safe and secure facility, 281 inmates were observed to be missing.

“However, it is important to note that the service is in custody of their details, including their biometrics, which is being made available to the public.

“The service is working in synergy with other security agencies as both covert and overt deployments have been activated to look out for them.

“Presently, a total of seven (7) inmates have been recaptured and returned to custody, while efforts are on ground to track down the rest and bring them back to safe custody.“While this effort is on, the public is assured that the incident does not impede or affect public safety,” he said.

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NNPCL Lifts Petrol from Dangote at N898 Per Litre

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By Tony Obiechina, Abuja

After controversies, trucks from the Nigerian National Petroleum Corporation Limited (NNPCL) yesterday lifted petrol from the Dangote Refinery.

NNPCL revealed that Dangote Refinery sold the fuel at N898 per litre.

The national oil company began loading yesterday after moving about 300 trucks to the 650,000 capacity refinery Dangote Refinery located in Ibeju-Lekki, Lagos State.

Its spokesman, Olufemi Soneye was quoted as saying, “We successfully loaded PMS at the Dangote Refinery today [Sunday].

“The claim that we purchased it at N760 per liter is incorrect.

“For this initial loading, the price from the refinery was N898 per liter.

At least, over 70 trucks had loaded at the time of this report.

This marks an end to the month-long debate over the quality and sale of the Dangote petrol.

Speaking to newsmen at the refinery, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin described the commencement of the petrol lifting moment of pride to every Nigerian.

He said, “My President has been showing presentations that 52 years ago, we were trying to see how to solve the problem of PMS supply and the queues. Now, after 52 years, we have a solution.

“And the solution is local production of PMS and it is from a Nigerian oil company. And as EPC contractor, it was constructed by a Nigerian company.

“So, it’s a matter of pride that a Nigerian oil company, constructed by a Nigerian-owned company, is able to generate PMS from the local crude and daily will not only to meet the entire requirement of Nigeria, but can also have surplus to export. So, it is a time and moment of great pride to every Nigerian.”

Edwin said 44 percent of the PMS production from the Dangote refinery can meet the requirement of the entire country.

“If you look at the refinery as a whole, PMS alone, every day, 650,000 barrels of crude if we’re processing, we can generate more than 54 million litres of PMS.

“And, of course, the refinery has the capacity to produce various other products too. 44% of the production can meet the entire requirement of the country, 56% of the production has to be exported. “So, it is a huge refinery. So, it is not only going to be doing import substitution, but it is also going to make Forex generation through export revenue.

“The gantries are actually 86 and they can load 86 trucks at a go,” he said.

Last Friday, in Abuja, a member of the Presidential Committee on the Sale of Crude Oil and Refined Product and Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji confirmed that the NNPCL remains the sole buyer of petrol from the Dangote refinery while willing off-takers are free to lift diesel and other products from the refinery.

According to Adedeji, the NNPCL would further distribute to other independent marketers after lifting from the refinery.

He said the nation’s oil company will commence the sale of crude oil to the Dangote refinery in naira from October 1.

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CBN Issues 30-day Deadline to Payment Service Providers on PoS Transactions

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By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) has issued a new directive to Payment Service Providers (PSPs), requiring them to comply with enhanced routing guidelines for Point of Sale (PoS) transactions.This move is aimed at strengthening the monitoring of electronic transactions across Nigeria.

The directive issued on Wednesday aims at strengthening the monitoring of electronic transactions across Nigeria following CBN’s initiative to diversify the Payment Terminal Service Aggregator (PTSA) structure, which previously operated through a single aggregator.
In a circular signed by Oladimeji Yisa Taiwo on behalf of the CBN Payments System Management Department, the apex bank mandates that all PoS transactions from merchant and agent locations—whether physical or electronic—must now be routed through any CBN-licensed PTSA.
The directive is part of efforts to decentralize PoS transaction routing and address concerns over the centralization of such transactions under a single entity.In Aug. 2011, the CBN initially granted a PTSA license to the Nigeria Interbank Settlement System (NIBSS) Plc to serve as the sole aggregator of PoS transactions.However, to promote competition and enhance service delivery, the CBN awarded a second PTSA license to Unified Payment Services Limited (UPSL) on April 19.This development aims to reduce the dependence on a single aggregator for the management of PoS transactions, promoting transparency and operational efficiency in Nigeria’s growing electronic payments landscape.

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