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Tinubu’s Reforms are Aimed at Addressing past Mistakes, says Information Minister

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Information Minister Mohammed Idris, has said that President Bola Tinubu’s administration’s primary goal is to rectify poor policies and dysfunctional choices that have historically hindered Nigeria’s progress.Idris made this known while briefing the Diplomatic Community on the nationwide protest on Wednesday in Abuja.

Idris said: “Tinubu is addressing the poor policies and dysfunctional choices with bold and effective solutions, and not to impose hardship on Nigerians but to“ Tinubu is determined to implement reforms that would drive sustainable growth and improve the quality of life for all citizens, stressing that the current challenges are only temporary.
“It is important to kick off on this note: that President Tinubu did not come to office to cause hardship or make life difficult for Nigerians.
“He has come to office with bold solutions to historical problems; with the determination to correct many of the poor policies and dysfunctional choices that have held us back as a nation for decades.“The president assumed office during one of Nigeria’s most challenging periods in its history, where the country was spending 97 per cent of all its revenue on debt service.“This is coupled with widespread poverty, rising unemployment, dilapidated infrastructure, and insecurity.Faced with these daunting realities, he said, the administration took decisive action and implemented long-overdue reforms to save the economy from collapse.The minister said for decades, the costly, wasteful and unsustainable fuel subsidy regime had denied Nigeria the opportunity to invest in critical infrastructure, social service, and the welfare of its citizens.He added that as a result of the waste, Tinubu took a very painful decision to abolish the fuel subsidy.“He then redirected the funds towards critical sectors such as healthcare, education, infrastructure, and security, which directly impact citizens’ well-being and the development of the country.”The minister explained that Tinubu was not under any illusion that the withdrawal of fuel subsidy and the harmonization of foreign exchange rates would not come with some transitional pains.“That informed the decision of the Federal Government to design comprehensive intervention programmes to cushion the transitional pains.“We have been very determined about ensuring that these interventions are fully implemented, and bring the intended relief to Nigerians,” he said.On the nationwide protest, Idris said the government respects the right to peaceful assembly and freedom of expression, which are cornerstones of all democratic societies.“But what began as a peaceful protest in some states and the Federal Capital Territory, was hijacked by elements who infiltrated the protest and orchestrated violent activities that destroyed lives and properties.“There were reports of arson, vandalism, looting, and clashes with law enforcement agents in several cities. Tragically, these incidents led to the loss of innocent lives and significant damage to properties,”he said.Idris, assured that the worst is over, adding that, the Federal Government has launched an investigation into the violence that occurred during the protest in order to identify and bring to justice all those responsible.“We are committed to preventing the recurrence of such unfortunate incidents in the future.” (NAN)

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Customs Intercept Contraband Worth N510.92m in Two Conths

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The Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV) of N510.92 million between July 15th and September 15th, 2024.The zone covers the six states in the South-South geopolitical zone and the five states in the Southeast geopolitical zone.

This is contained in a statement signed by Jerry Attah, Public Relations Officer, NCS, Zone C, and made available to journalists on Wednesday.
According to the statement, Comptroller Michael Ugbagu, NCS, Zone C, gave the statistics while showcasing the seized contraband to relevant regulatory agencies at the Government Warehouse in Edo.Ugbagu said that the zone also recovered the sum of N25.
57 million from demand notices raised based on some infractions noticed, making a cumulative sum of N536.49 million recorded within the months under review.“The DPV was derived from our seized goods, which include 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without an NAFDAC number.“1,015 sacks of dry donkey meat and skin, 75 jumbo bales of second-hand clothing, 463 cartons of foreign spaghetti, 269 pieces of used pneumatic tires, and 56 cartons of smuggled foreign tomato paste.“More worrisome is the interception of 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without NAFDAC registration numbers.”He noted that the cough syrup with codeine and tramadol without NAFDAC registration numbers, if not intercepted, could have had adverse effects on youths.He added that the items were mostly intercepted along the Ewu-Okada/Benin expressways based on credible intelligence. (NAN)

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APC Forum Decries Deplorable Condition of Federal Roads

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The Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in Nigeria. Alhaji Saleh Zazzaga, the North-Central Chairman of the forum, said this in an interaction with newsmen on Wednesday in Jos. Zazzaga described some of the federal roads as ”death traps”, particularly those within the north-central region.

He said that some of the deplorable roads in the region include Jos-Akwanga, Makurdi-Oturkpo-Otukpa, Makurdi-Ankpa, and Jos-Saminaka.
Other roads that needed urgent attention, he said, included Suleja-Minna, Ejule-Otukpa, Ganawuri-Manchok, Lokoja-Abuja, Lapai-Agaie-Bida, Birnin-Gwari-Bokani-Mokwa, Minna-Zungeru-Tegina-Kontagora.
”Currently, the north-central region has the most deplorable roads and highways in the country. ”These deplorable roads have brought severe hardship on the people and lost lives and property through preventable road traffic crashes. ”We call on President Bola Tinubu to intervene and ensure the rehabilitation of these roads because good roads are vital enablers of development,” he said. The chairman also called on governors of states within the region to reconstruct the dilapidated roads and seek refunds from the federal government. ”Though these are largely federal roads, they are located within states, and the beneficiaries are the people of these states. ”So we call on state governments to reconstruct these roads and seek refunds from the federal government,” he added. (NAN

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Yuan Strengthens 7. 087 Against Dollar

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.This is according to the China Foreign Exchange Trade System.In China’s spot foreigners exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)

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