COVER
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.”
COVER
BOI Restates Commitment to Local Manufacturing, Job Creation
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Managing Director of the Bank of Industry (BOI), Mr Olasupo Olusi has reaffirmed the bank’s commitment to supporting local manufacturing in Nigeria.Olusi said this when he visited the GU Ebeco facility and inspected ongoing projects at the Nisa Medical and Zeberced Group at the Idu Industrial Layout, Abuja yesterday.
He expressed delight at the progress made so far at the various facilities while commending the chief executives of the organisations, urging them to do more. During the visit to the GU Ebeco, the BOI boss emphasised the importance of job creation and the need for their products to proudly bear the “Made in Nigeria” label.Olusi praised GU Ebeco’s progress over the past seven years, applauding its expansion into a national enterprise with over 1,500 employees and several facilities across the country.“I am very happy with the fact that BOI has supported this enterprise for the last seven years. It is wonderful to see that it has grown.“It employs 1,500 staff, and operates a national distribution system. We are proud of the significant role GU Ebeco is playing in the Nigerian manufacturing landscape,” he said.The BOI boss also commended the loan repayment performance of the company saying it had taken multiple facilities from the BOI. He encouraged other young entrepreneurs to stay focused, while assuring them of BOI’s commitment to supporting them and Nigeria’s industrialisation efforts.Responding Mr Ebere Uzozie, Managing Director of GU Ebeco, expressed his appreciation for the continued support from the BOI.“We are grateful for the Bank of Industry’s backing. Their loans have helped us expand and create lasting change. We now have 34 facilities, and we are debt-free.” We are optimistic the visit will mark a new chapter for the company, and will ensure further growth and partnerships that will contribute to Nigeria’s industrial future,” Uzozie said.at the Zeberced Group, its Managing Director, Mr Aydin Kurt, said that Nigeria had lots of potential and could be the future of the world.While acknowledging the country’s potential in industrialisation, he emphasised the importance of producing locally in Nigeria rather than relying on imports.Kurt also appealed for more collaboration with the BOI to promote industrialisation, create jobs and help grow the economy.“I cannot do it alone. we have to come together and create a synergy to attract different investors to come and also invest in this country.“This is our vision we have a lot to share with you, and thank you once again for visiting our corporations,” he said.Responding, the BOI managing director said that the bank was keen on infrastructure and committed to supporting industrious infrastructure.“This project is very important to us and a critical objective for the county and, in that spirit, we have decided that we will continue to support the proliferation of industrial parts across the nation.Why yours is so unique is because it has a plan for Micro Small and Medium Enterprises (MSMEs) which is very important.“We have a mandate to support that particular segment of our economy because they are the ones that champion job creation and most of the growth of the economy is attributed to them,” Olusi said.The BOI boss thanked Zeberced Group for the opportunity while commending the groups’ vision, energy and optimism to carry the project forward.“We look forward to our partnership. Like I said, we all want to be parts and parcel of this project, we have already given you some money to implement it, and we will see how we can do more.“As you expand we will support, but you have to also show us the job creation numbers, and make sure your goods are branded made in Nigeria,” he said.The News Agency of Nigeria reports that GU Ebeco is a furniture company while Zeberced is a construction company. NANCOVER
FRSC Unveils App to Mitigate Road Crashes Impact
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By Tony Obiechina, Abuja
Federal Road Safety Corps (FRSC) has unveiled an app to boost efficiency and mitigate the impact of road accidents in the country.Speaking at the event yesterday in Abuja, the Secretary to the Government of the Federation (SGF), George Akume explained that the app was designed to digitalize FRSC operations for effective traffic management.
The SGF who described the current rate of accidents as a great concern to the present administration, urged the FRSC management to involve stakeholders in the implementation of the app to monitor motorists and curb the excesses of FRSC officers and personnel. The Chairman, House Committee on Road Safety, Abiodun Adeshida said the National Assembly was ready to review the 2007 Federal Road Safety Corps Act for more efficient service delivery.The Kenyan Ambassador to Nigeria, Isaac Parashina said African countries have a lot to learn from the FRSC’s experience in addressing the high rate of road crashes across the continent.According to the him, Africans must come together and provide homegrown solutions to address road safety challenges.In his welcome remarks, the Corps Marshal FRSC, Shehu Mohammed stated that the innovation was part of efforts to align with the Renewed Hope Agenda of President Bola Tinubu’s administration on the use of the new technology to strengthen the commitment of road users and enhancing road safety operations.Mohammed said the corps would embark on aggressive sensitization in all motor parks and town hall meetings for stakeholders to key into the new technology.The Director-General of the Federal Radio Corporation of Nigeria (FRCN), Dr. Mohammed Bulama expressed confidence that the new technology would bring sanity to Nigerian roads.Dr Bulama commended FRSC management for the new operational initiative and pledged FRCN’s continued support to every program to reduce death and enhance economic activities in the country.The Acting President, National Union of Road Transport Workers (NURTW), Isa Ore said leaders in the transport sector would contribute to the success of the application in saving lives on the highway.Other stakeholders in the transport sector promised to support FRSC in enforcing traffic laws and protect lives and property on Nigerian roads.COVER
Lokpobiri Meets Shettima, Denies Involvement in Petrol Price Hike
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By David Torough, Abuja
Minister of State (Oil) Petroleum Resources Heineken Lokpobiri yesterday denied that the Federal Government is responsible for the Tuesday increase in the price of petrol, saying it is a function of deregulation.The latest hike in the price of petrol has pushed up transport fares by over 50 percent in major cities across Nigeria.
The increase implemented by the Nigerian National Petroleum Company (NNPCL) Retail Management ranges from N855 to N897 per litre, depending on the location from the previous N568-N617. Independent marketers have adjusted their prices to between N930 and N1,200 per litre of petrol.The minister denied FG’s involvement while addressing State House correspondents after a meeting with Vice President Kashim Shettima in Abuja.Shettima had summoned Lokpobiri along with the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari and the National Security Adviser Malam Nuhu Ribadu over the recent hike in the price of petrol.Lokpobiri said, “This sector is deregulated. And we believe that with the availability of products, the price will find its level.“What is important is that the product is available in the country. Between now and weekend, there will be availability of the product across the length and breadth of the country.“We believe that by the time there is availability of the product across the country, the price itself will stabilise.”Mr Ogbugo Ukoha, Executive Director, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said regulatory efforts were geared toward stabilising supply of petrol in the country, which he said would impact positively on stability of price.Okuoha said, “The objective of the regulator is to ensure that there’s increased operating hours from all loading depots; vessels are being cleared promptly and extended hours where safety can permit truck outs as well.“More importantly also is the reinforcement of the support being given to local refinancing, because with increased production there will be higher supply, which will stabilise the price.”Despite making its product available, the Federal Government has not started lifting petrol from the Dangote Refinery.Yesterday, Dangote Group refuted the claim in the media that NNPCL is currently lifting petrol from its refinery and selling at N897 per litre.A statement signed by the Group Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina said the company has not yet finalised any contract with NNPCL.The statement entitled, “NNPC yet to lift our petrol” reads, “Our attention has been drawn to a headline “NNPC lifts Dangote Petrol, sells at N897 per litre” published in the BusinessDay Newspapers of Wednesday, 4 September 2024.“We would like to state that NNPCL has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery.“Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalize our contract with NNPCL.“The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, hence we cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities.“We urge the public to disregard the headline as it is misleading and does not represent the true position in this matter.“We are guaranteeing Nigerians of exceptionally high quality petroleum products that will be readily available all over the country.”