NEWS
Nigeria Prepared to Expedite Sustainable Dev’t in Collaboration with Partners — Tinubu
President Bola Tinubu yesterday said his administration is committed to deepening democracy by ensuring adherence to the rule of law and expediting the sustainable provision of good governance, justice, and fairness to all Nigerian citizens.
Speaking when he received a delegation from the United States Congress led by Senator Cory Booker at the State House in Abuja, Tinubu said that while democracy must be defended, it must translate into tangibles of quality healthcare, good education, food security, shelter, and overall economic prosperity for the people of Nigeria.
He said Nigeria is a necessary partner for the sustenance of democracy in Africa and beyond, noting that as the continent’s biggest economy and largest democracy, Nigeria is well-positioned to set the best continental example by delivering good governance to its people.
“Nigeria, as the giant of Africa, had suffered leadership elephantiasis years back. I am determined to change that. Adhering to the principles of democracy and the rule of law is very important to us. I wonder how democracy will survive if we do not fight for it. I fought for this democracy. I risked my life for it. Military truncation of democracy is unacceptable. The power of our citizens is and must remain supreme,” the President said.
Emphasizing the need for the United States to evolve a more prudent and pragmatic partnership with Africa, the Nigerian leader told the U.S. Congressional delegation that the United States should consider upscaling critical development programmes to strengthen ties with the continent.”It is important for our partners to help strengthen democracy in Africa. Our developmental programmes need serious capital. We are not asking for freebies. All we are asking for is understanding. After the Second World War, Europe was impacted. America developed and executed the Marshall Plan to pull them back up. Today, Europe is standing firm and tall as a result. What about a Marshall plan for Africa?”How can we be categorized and thrown into IMF’s basket of trickle-down slices? We are blessed in Africa, but these are the same resources causing conflicts because of exploitation and a lack of alignment. The presence of the resources does not reflect in the living conditions of the people. We must not use yesterday’s methods to address today’s challenges. Nobody wants to risk their life to run away from Africa.”America needs to look at the situation in Africa critically. What is happening in Burkina Faso, Mali, and Niger emanates from a helpless feeling people have that they are not being helped economically. They find that their former colonial masters are not letting go and are still seeking to exploit them. We have mineral resources. What technology can you bring to help turn that into economic prosperity? Can you put de-risking finance in place to incentivize John Deere to assist us in massively mechanizing our food production processes? There is so much we can do in the advancement of education. See Africa as a necessary partner for the sustenance of democracy.
“We are capable and willing to lift our own people out of poverty,” President Tinubu affirmed.Speaking earlier, Senator Cory Booker described Tinubu as a visionary leader who took tough but necessary decisions for the good of Nigerians.”You are a leader of particular character. You have the courage to do very difficult things, right at the beginning of your term. Something that many American leaders should look to; someone who believes so much in their people that they can make difficult decisions and know that their country is resilient and strong to endure so that it can emerge stronger on the other side,” Senator Booker said.The U.S. Senator noted that Nigeria and the United States are partners bound by shared values of democracy, rule of law, and commitment to peace and good governance.”I share my enthusiasm about deepening partnership between Nigeria and the United States. We know in America that there is no greater or more important partner for the United States on the African continent than its biggest country, its biggest democracy, and its biggest economy.”I am excited about the opportunity we have had to learn, to listen, to meet these extraordinary people in your community that share our common values of democracy, entrepreneurship, and commitment to peace and strong growth. We know the investments we make in this country in different sectors, and our partnership on security and counter-terrorism are not just for Nigeria’s benefit but for both of our countries’ benefit.”I can relate with what you are doing, Mr. President. I was the Mayor of Newark, New Jersey, for years, and I know what I had to go through to reverse the fortunes of one of America’s most impoverished and troubled megacities. Several Newark Mayors before me fell on corruption charges. I had to restore hope and confidence. I had to beg investors to come in and believe in our city. We were persistent and we broke through. Newark is dramatically different today. I see so many similarities between the sustainable turnaround I led and the efforts you are making to transform Nigeria for the better. You have a partner in the United States,” Senator Booker said.Minister of Foreign Affairs, Ambassador Yusuf Tuggar drew the attention of the delegation to a resolution of the U.S. House of Representatives seeking to designate Nigeria as a country of concern over allegations of religious intolerance.”Appeal to them (the House), Nigeria has a constitution that pays critical attention to the rights of all citizens. There is no government that will support anything inimical to the provisions of the constitution,” the Minister said.Responding, U.S. Congresswoman Sara Jacobs said the broad consensus in the U.S. House of Representatives and in the White House is to not place Nigeria back on the list of countries of concern.
NEWS
Yuletide: Bode George Urges Tinubu to Reduce Petrol Price
Chief Bode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP), has urged President Bola Tinubu to reduce the price of petrol to N300 per litre ,to make things easy for Nigerians during the festive season.
George, the Atona Oodua of Yorubaland, made this plea at an interactive session with newsmen on Wednesday in Lagos.
The price of Premium Motor Spirit, popularly known as petrol, is currently above N1,000 per litre.
According to the elder statesman,Nigerians are going through hardship, the President should give an order to reduce fuel price, specifying time frame the people will enjoy such window of relief.
He said that the federal government as well as well- meaning individuals and businesses could bear the cost of such price slash , to bring happiness to all Nigerians.
The PDP leader, who noted that December and January are special months , said that such gesture could start from the middle of December and run through January.
“I have been thinking, as a Nigerian, what can we do because the anger and the hunger are almost equal on the streets of Nigeria.
“What am I suggesting is that Mr President should sit down with his managers and give an order that from the middle of December to the end of January, the cost of petrol will be N300 per litre.
“The government can absorb the losses in the interest of the suffering people.
“If they (government) want others to contribute, let us know how much that is going to cost and ask people to donate, to bear the cost.
“We will be sending a lot of messages of happiness across the tribes and homes.
“Everybody in Nigeria will be happy because it will positively impact on this period of the year. It is a challenge and he (Tinubu) can do it.
“We need this in this December and January to put smiles on the faces of Nigerians, ” George, a PDP Board of Trustees (BOT) life member, said.
Advising the President to take further measures to bring relief to the people, he said that the gesture would crash prices of essential commodities and services for the benefit of all .
He said that government’s efforts should be concentrated on reducing high inflation rate, unemployment, poverty and youth restlessness in order to create a better future for Nigerians
Speaking on the recent presidential election in Ghana, George noted that Nigeria’s electoral system needed reforms to guard against electoral frauds and manipulations.
According to him, the nation will continue to grope for development if the system fails to encourage best candidates to emerge.
Stating that election must reflect the wishes of the people and be devoid of religious and tribal sentiments, George said that Ghana election should be a wake up call for Nigeria.
“INEC performance must improve. The commission must make sure that the voice of the people is heard in elections.
“Electoral offenders should be made to face the music and sent to jail. We must be very firm about due process, credibility and transparency in elections,” he said.
Urging the President to revisit resolutions in the 2014 Constitutional Conference, George said that the current constitution was not federal in principle and practice.
“We should not deceive ourselves, the constitution is a problem. It is a military constitution, it is not democratic,” he said.
George called on the National Assembly to ensure devolution of powers and electoral reforms that would do away with manual collation of election results and mandate electronic transmission of election results from polling units.
George disagreed with political watchers saying no vacancy in presidency in 2027.
On the dwindling strength of the former ruling party, George, who noted that all organisations had its ups and downs, said that selfish interests and disregard for party rules remained PDP’s major challenge.
He said that PDP could bounce back and win presidential election if the leadership decided to elevate national interest above selfish interests and adhere to the party’s constitution.
“We will tell ourselves some serious old truth. We messed ourselves up. ” he said.
Stating, however, that the PDP was not dead, George said that lack of justice, equity, fairness and the inability to adhere to the party’s zoning and rotational principle cost the party victory in 2023.
Calling on the party’s founding fathers alive to wake up and rescue the party, George said that Nigerians were still waiting for the former ruling party to take over power and put things right. (NAN)
NEWS
Tinubu Set for Groundbreaking of Renewed Hope City in Lagos
President Bola Tinubu, is set to perform the groundbreaking of 2,000 housing units of the Renewed Hope City in Ibeju Lekki, Lagos, in the next few weeks.
Mr Ahmed Dangiwa, Minister of Housing and Urban Development, announced this during an official assessment visit, on Wednesday in Lagos
Dangiwa said Lagos would represent the South-west, while the president would do that of the North-West in Kano, before doing that of the four other regions.
“Arrangements is already on ground, we have gotten sites, and work has commenced for 2000 houses in the Renewed Hope City that we intend to build in Ibeju-Lekki,” he said.
Towards achieving the set goal, the minister said the visiting team also paid a courtesy visit to Gov.
Babajide Sanwo-Olu to discuss area of collaboration between the federal and state governments.He disclosed that the federal and Lagos state governments had agreed to set up a Tripartite committee and ensure all the issues of concerns between the parties were resolved amicably for the benefit of all.
Earlier, the Minister embarked on an assessment visit of deplorable Federal Government buildings and assets across Lagos state in a bid to commence rehabilitation on them in a few months.
Dangiwa said the rehabilitation was necessary as the deplorable buildings posed a challenge and security concerns to the Lagos state government. (NAN)
NEWS
Gov. Alia Presents N550.1bn as 2025 Budget Estimate to Benue Assembly
Gov. Hyacinth Alia on Wednesday presented the sum of N550.1bn as the 2025 appropriation bill to the Benue State House of Assembly for consideration and passage into law.
Alia told the lawmakers that out of the total budget size, N175.4 billion is for recurrent expenditure while the N374.
7 billion is for capital expenditure.The governor said that the total estimate represented a 47.
5 per cent increment over the 2024 revised and approved figure of N373 billion.He stated that the appropriation bill tagged “Budget of Human Capital Development, Food Security, and Digital Economy” was to consolidate the gains made in 2024.
Alia further explained that the proposed recurrent expenditure of N175.
4 billion was 13.55 per cent higher than the previous year.According to him, budgeted capital expenditure of N374.7 billion represents a 71.5 per cent increment on the 2024 revised capital expenditure.
“The budget breakdown indicated that the sum of N212.2 billion, representing 38.52 per cent is for administration; N196.6 billion, representing 35.68 per cent is for the economy; law and justice will take N26.6 billion, representing 4.84 per cent while social welfare will gulp N115.5 billion, representing 20.96 per cent.
“We have the vision. We have the will. And most importantly, we have the people ready to work alongside us to turn this vision into reality.
“Together, we will build a state where every citizen has the opportunity to succeed, where food is plentiful, and where the digital economy opens new frontiers of opportunity for all,” he said.
The governor said the intention of the government was to stay within the limits of its recurring revenue to build the state without accruing unnecessary debts for generations unborn.
He, however, said that since the 2025 budget was a deficit one, it proposed a borrowing plan of a conservative sum of N26bn, representing a modest 4.7 per cent of the proposed aggregate expenditure for 2025.
“This is lower than the state’s debt-to-GDP ratio of 8.2 per cent which is within the benchmark of the 25 per cent debt sustainability threshold.
“Despite these favourable debt ratios, I want to reiterate that borrowing will only be considered as a last resort and for regenerative investment purposes,” he added.
Alia stated that the problem of Internally Displaced Persons (IDPs) remained a challenge, adding that they have reasonably improved their living conditions.
He said the Bureau of International Cooperation and Development has elicited substantial grants from donors, totalling N85bn. (NAN)