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NEC to engage CBN, Finance Minister on recovery of State Loans

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The National Economic Council (NEC) says it will engage the Central Bank of Nigeria(CBN) and the Minister of Finance, Budget and National Planning on recovery of CBN loans to states.

Gov. David Umahi of Ebonyi State briefed State House correspondents after a virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday at the Presidential Villa, Abuja.

Umahi said NEC meeting also featured memorandum for consideration and endorsement of the reviewed National Social Protection Policy ( NSPP) by the Minister of Finance, Budget and National Planning,  Zainab Ahmed.

“Council was invited to note the revised NSPP that replaces the 2017-2022 NSPP, which was reviewed in consultation with all states and other stakeholders.

“It is subject to review every five years for updates and accommodation of some of the emerging issues, which include pandemics, insecurity, and responsive social protection.

“The expected benefits of the revised NSPP include reduction of multi-dimensional poverty; promotion of social justice and equity and inclusive growth, reduction of unemployment, social and economic vulnerabilities and other threats to sustainable development.’’

He said that the council endorsed the presentation and the prayer of the minister.

Umahi said the revised NSPP would be transmitted to the Federal Executive Council for its own endorsement after which it would go to the National Assembly.

The governor said that NEC approved a review of the plan for immediate deduction of funds from state by the CBN.

“The governors are saying with the constant reduction in FAAC allocation to states, it would be very suicidal if the CBN goes ahead to carry out their proposed recovery of state loans.

“ The governors and NEC applauded the president, the vice president, Minister of Finance and the CBN governor for their efforts and commitment to states while noting that a lot of funds that were hidden from the states before the present administration have also been graciously given to states by the president and his team.

“ That has helped the states very much, so while commending them, NEC agreed to engage the CBN governor with the Minister of Finance and the governors forum and the NEC committee.

“  So, it was agreed that these deductions would have to be reviewed to seek other ways; that if it goes ahead, the states would suffocate and that would not be good for the nation;  NEC agreed to set up a committee to engage the CBN governor and the finance minister.’’

On flooding, Umahi said the menace  was extensively discussed and NEC offered condolences to those who had lost their lives and sympathy to the families and  to the suffering Nigerians.

According to him, the flooding is due to climate change as the council will work towards forestalling future occurrence.

“NEC is commending the president, having met with some governors with regard to this flooding issue.

“ So, NEC agreed to set up a committee to look at the immediate solutions and interventions over the flooding and to see how we take care of those who were affected and states too.

“And also to proffer long-term solutions in line with what the Minister of Water Resources is doing together with the action plan of the president in this regard,’’ he said.(NAN)

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NEWS

FG Declares Public Holidays for Christmas, New Year

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The Federal Government has declared Wednesday, Thursday and Jan.1, 2025 as public holidays.

This is contained in a statement signed by the Ministry of Interior’s Permanent Secretary, Dr Magdalene Ajani, on Monday in Abuja.

According to Ajani, the Minister of Interior, Olubunmi Tunji-Ojo said that the public holidays were to enable citizens to celebrate Christmas, Boxing Day and the New Year respectively.

“The Christmas season is a good moment for both spiritual reflection and national renewal.

“As we celebrate the birth of Jesus, the Prince of Peace, let us demonstrate kindness and extend goodwill to one another, irrespective of our differences,” the Minister.

Tunji-Ojo emphasised the importance of the season as a time to foster harmony and to strengthen bonds across families and communities.
He assured citizens of the federal government’s continued commitment to ensuring peace, security, and prosperity across the nation.

He further expressed confidence in the renewed hope agenda of President Tinubu’s administration for a better and prosperous economy in 2025.

The Minister, on behalf of the federal government sent warm greetings to all Nigerians, urging them to use the festive period to reflect on the values of love, peace, and unity that the season signifies.(NAN)

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Hoodlums Attack Etsu Lokoja’s Palace, Raze Properties

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Some suspected hoodlums on Saturday attacked the palace of Etsu Lokoja, Chief Emmanuel Dauda-Shelika, Nyamkpa IV, burning properties within the premises, including a vehicle.

The palace, located on plot 306, New Layout, Lokoja, was allegedly attacked by hoodlums at about 1:00 am on Saturday.

The Nupe Natives of Lokoja Development Union were planning to host the 2nd edition of the Nupe Natives end-of-the-year event, tagged “Lokoja ’24 Nupe Cultural Fiesta,” on Dec.

21, 2024, before the incident occurred.

The event was, however, aborted due to the unfortunate attack.

Dauda-Shelika said this on Monday in Lokoja that he heard a big bang on my door at around 1 am.

“I woke up to check through the window, wondering what could have happened.

“Then, I suddenly saw wildfire coming out of my car that was set ablaze by attackers.

“I knew it was an attack on the palace, and therefore I could not come out because of fear of being attacked. So, I managed to come out through the back door and scaled the fence to escape for my life.

“Thereafter, I came out to the road and realised that all my neighbours in the community were on the ground trying hard to quench the fire, but unfortunately the car was burnt as well as other properties inside it.”

The traditional ruler appealed to the government and security agencies to investigate the cause of the attack and bring perpetrators and their sponsors to justice.

He admonished Nupe natives in Lokoja to avoid any reprisal attack but continue to remain peaceful and law abiding and allow the government and security agencies to conduct a thorough investigation of the attack.

“We are appealing to Gov. Ahmed Ododo and security agencies to please use their good offices to investigate this unfortunate incident and bring to justice whoever is concerned, whether directly or indirectly.

“We also want the government to kindly visit our issues by recognising and grading the stool of Etsu Lokoja, which had been in existence before colonisation,” he said.

He stated that the Lokoja Local Government Area chairman and his security team came for an on-the-spot assessment that Saturday morning, as well as the police and other security outfits.

The National President, Nupe Natives Union Lokoja, Alh. Abubakar Ndashite, said the event scheduled for Saturday was a celebration of Nupe cultural heritage and not any form of coronation as being insinuated from some quarters.

Ndashite, who doubles as the chairman of the planning committee, said the aborted event was to project the Nupe spirit and culture as well as the rich history of the diversely composed Lokoja community and the peaceful and harmonious coexistence among her.

He expressed his displeasure over the aborted cultural event, noting that the union had expended so much on it, and urged the government to bring perpetrators to book. (NAN)

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Eight Dead, Three Injured in Ohafia Road Crash

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The Abia Sector Command of the Federal Road Safety Corps (FRSC) has confirmed the death of eight persons with two others injured in a road traffic crash that occurred along the Bende-Ohafia Road.

A statement by the Sector Commander, Mrs  Ngozi Ezeoma, on Monday in Umuahia said that the  crash occurred on Sunday along the Mmuri River axis of the road in Ohafia Local Government Area of the state.

She said the crash involved a Trailer carrying chippings which hit and fell on a Sharon Volkswagen vehicle with 10 persons on board.

“At the time of the crash eight persons had died including a woman standing by the roadside and three were injured.

“The injured victims were taken to the hospital while the dead ones were deposited at the morgue,” she said.

Ezeoma said that preliminary investigation revealed that  the crash was caused by dangerous driving and excessive speeding. (NAN)

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