Connect with us

NEWS

Nigerians in Diaspora Contribute $20b to Country’s Economy-APC Canada

Published

on

Share

The All Progressives Congress (APC) says that Nigerians in diaspora contribute US$20 billion annually to the country’s economy, and so deserve to vote and be voted for.

The Vice Chairman of APC in Canada, Dr Abiola Oshodi, stated this while speaking to newsmen on telephone on Monday.

Oshodi explained that there was the need for diaspora voting for Nigerians outside the shores of the country because they contribute immensely to the development of their fatherland through representation.

“It is a pleasure mixed with pain, disappointments, passion for change, and patriotism.

“And it is another opportunity for me to preach again on the rights of Nigerians in diaspora to vote and even be voted for, “because we don’t deserve less

“We are ambassadors of Nigeria.

And home calls us to service, duty and patriotism. We work under cold sheets of ice to remit US$20 billion home annually.

“To stress how important the diasporan contribution is to the Nigerian economy: Our nation is borrowing US$3 billion from Afrexim Bank to be repaid for years at an interest. Another US$7 billion is to be gotten from securitization of our annualized dividends from Liquified Natural Gas.

“These two interventions are meant to pay the backlogs of forex and reduce the pressure on the Naira. But irrespective of how helpful this intervention might seem, the bigger truth is that a borrower is servant to the lender,” he stated.

Oshodi said that the funds were a remittance inflow from Nigerians living in US, Canada, UK, France and other foreign countries.

“These are almost free funds. Not foreign loans. But free dollars, pounds, euros sent by Nigerians abroad to pay the school fees of relations, hospital bills of relations, set up a dialysis centre, repair old bridge constructed by the community  to connect the next town.

“ US$20 billion! Huge funds. Big money. Yet freely given to Nigerian banks, and Central Bank of Nigeria (CBN) for onward transmission to aid local businesses and even service our foreign debts.

“And US$20 billion is a fraction of the potential that we could do. In 2022, India remitted home US$111 billion, Philippines sent US$39 billion, and Egypt remitted US$28 billion.

“The difference between Nigeria and these three countries is that their nationalities abroad are permitted to vote and participate effectively in their political processes.

“If only we would be recognized and encouraged to participate in our elections, we too would contribute so much to the sustainability of our country,” he said.

The APC Vice Chairman, who commended  the Nigerian Senate Majority Leader, Sen. Opeyemi Bamidele, for sponsoring the Diaspora Voting Bill, said that it was high time Nigerians in diaspora were given a stake on the conference table, adding that “we deserve to be equal partners just like other stakeholders.”

According to him, “there are about 15 million Nigerians, made up of  doctors, engineers, educators, entrepreneurs, artists, and professionals of all kinds, living outside the country.

“If Nigerians abroad were classified as a state, it would be the largest state in the country. Our voting strength would be higher than Kano and it would eclipse Lagos.

“Why should this important bloc be excluded from the political process? Who knows, maybe there is fear that our number could tilt established voting trend and change things since it obviously would be tougher to buy a Canadian-Nigerian consultant and other professionals with a bag of rice.”

Oshodi, a Canadian-Nigerian consultant psychiatrist, described Nigerians abroad as a patriotic stock, a polished breed and well travelled folks, saying it will be wise to draft diasporans who were used to living according to their means into participation in the political process of the country.

The APC chieftain said acquired cultures from saner climes, where laws are feared and obeyed, could impact more on the orientation of the average Nigerian to be better citizens if only Nigerians in diaspora would  be permitted.

Oshodi asked the Nigerian legislature to provide a nationwide legal infrastructure within the Electoral Act for overseas voting.

“Our constitution and laws must be reworked to accommodate the innovation. Of course the path towards Diaspora Voting is fraught with challenges, including logistical, legal, and administrative hurdles.

“However, these challenges are not insurmountable. We must work collectively to overcome them,” he said. (NAN)

NEWS

Tinubu Approves Management Unit for Health Sector Renewal Investment Initiative

Published

on

Share

President Bola Tinubu has approved the establishment of the Sector-wide Coordinating Office-Programme Management Unit (SCO-PMU) domiciled in the Office of the Coordinating Minister of Health and Social Welfare.A statement on Friday by his spokesman, Chief Ajuri Ngelale, said the unit would ensure efficient, transparent and accountable management of external grants mobilised towards the implementation of the Nigeria Health Sector Renewal Investment Initiative (NHSRII).

Ngelale said SCO-PMU would report to a Steering Committee/Ministerial Oversight Committee chaired by the Minister, including the Minister of State, Permanent Secretary; Ministry of Finance, Ministry of Budget and Economic Planning and relevant development partners.
“The SCO-PMU will serve as the secretariat and delivery unit for the NHSRII and is to be headed by a national coordinator (NC).“The functions of the SCO-PMU include programme management, monitoring and evaluation, engagement and supervision of Independent Verification Agents (IVAs) for NHSRII programmes and fiduciary management, among others.“Consequently, the President has approved the appointment of Dr. Muntaqa Umar Sadiq as the National Coordinator of SCO-PMU,” he said.

Report says that Sadiq has over 17 years of experience in public health, impact investing, investment banking, energy, and climate financing across the health, finance, climate and energy sectors.He had served as Head of the Performance Management and Delivery Unit at the Federal Ministry of Health and Social Welfare and Chief Executive Officer of the Private Sector Health Alliance of Nigeria.He also served as Head of the Nigeria Energy Transition Office and Private Sector Engagement Adviser at the World Bank. (NAN)

Continue Reading

Education

FG Denies Slash in Students’ Allowances

Published

on

Share

The Federal Government says it has no plan to slash scholarship students’ allowances as recently projected in the media.The Minister of Education, Prof. Tahir Mamman, stated this during a meeting with the leadership of the National Association of Nigerian Students (NANS) in Abuja on Friday.

Report says that there was a report that the ministry, through the Federal Scholarship Board, announced a slash in allowances of foreign scholars stranded in Russia, Morocco, and Algeria among others.

The slash in scholars’ allowances under the federal government’s Bilateral Educational Agreement Scholarship (BEA) was attributed to the economic crises.Mamman said that there was no slash in scholars` allowances but rather an adjustment due to Foreign Exchange fluctuations (FOREX).
“We want to clarify what has been in the media on allowances paid to scholars under the Bilateral Scholarship Agreement.“We want to place it on record that the ministry and the Federal Government for that matter have not slashed the allowances due to students.“What happened is some adjustments in the amount due to them because of FOREX fluctuations, and as soon as we get the balance we have applied for, we will pay them.“But for now, what is in the budget is what we can pay. So, there is no slash, we will even be happy to increase, so this is what has led to the adjustments,” he said.(NAN)

Continue Reading

NEWS

Planned Protests: CAN calls for calm and patience

Published

on

Share

By Laide Akinboade, Abuja

The Christian Association of Nigeria, CAN, on Friday, has urged Nigerians to calm and patient with Federal Government and should give the the government more time to address these pressing concerns.In a statement issued by CAN and signed by Archbishop Daniel Okoh ,President, CAN and made available to journalists in Abuja.

CAN also urged all Nigerians to consider alternative means of expressing their grievances.
He however said CAN stands in solidarity with the citizens of nation during these challenging times of economic hardship and pervasive hunger. The statement reads in part, “As we navigate this period of crisis, it is imperative to uphold the constitutional rights of every Nigerian to peacefully protest and express their grievances.
The right to assemble and voice discontent is a cornerstone of our democracy and must be protected and respected by all. Peaceful protests are a powerful tool for civic engagement, allowing the populace to communicate their concerns and hold leaders accountable. However, the anxiety related to the impending protests is heightening, especially given the volatile experiences in countries like Kenya and Pakistan.”We must also draw from our recent history. The #ENDSARS and #RevolutionNow protests, though rooted in genuine grievances, were marred by tragic incidents where miscreants hijacked the process. This led to widespread looting, destruction of properties, and unfortunate loss of lives. These experiences have shown us that mass demonstrations can quickly degenerate into chaos if not properly managed and coordinated.” In light of the planned protests scheduled to commence on 1st of August, CAN urges all Nigerians to consider alternative means of expressing their grievances. We recommend giving the government more time to address these pressing concerns. This period should be used to explore other legal avenues that will not easily give hoodlums the opportunity to hijack the exercise to destroy our national assets or endanger lives and properties. Dialogue, petitions, and town hall meetings are viable options that can yield positive results without the risk of disorder.”We call on the government to cut the cost of governance and expedite its efforts to alleviate the hardships in the land. The opulent lifestyle of political office holders must be addressed to demonstrate the sincerity of those in government to improve the living conditions of the people. Likewise, it is imperative that the government implements the newly approved national minimum wage to provide immediate relief to struggling families.”Furthermore, specific measures must be taken to put an end to kidnappings, banditry, and mass killings that have plagued various parts of our country. The security and well-being of every Nigerian should be paramount, and urgent action is required to restore peace and order.”We also call on the government to expedite its efforts to alleviate the hardships in the land. There is an urgent need for more refined and effective policies that address the root causes of the economic challenges we face. The government must deepen its consultations with stakeholders, including religious leaders, to create a more inclusive and comprehensive approach to problem-solving. By working together, we can devise sustainable solutions that reflect the needs and aspirations of the people.”In these trying times, let us all remember the words of our Lord Jesus Christ: “Blessed are the peacemakers, for they shall be called the children of God” (Matthew 5:9). As we seek to bring about positive change, let us do so with a spirit of peace, love, and unity. Our strength lies in our ability to come together, support one another, and work collectively toward a better Nigeria.”We pray for wisdom and discernment for our leaders, resilience and hope for our citizens, and divine intervention to guide us through these difficult times”.

Continue Reading

Read Our ePaper

Top Stories

NEWS4 hours ago

Tinubu Approves Management Unit for Health Sector Renewal Investment Initiative

SharePresident Bola Tinubu has approved the establishment of the Sector-wide Coordinating Office-Programme Management Unit (SCO-PMU) domiciled in the Office of...

Education10 hours ago

FG Denies Slash in Students’ Allowances

Share The Federal Government says it has no plan to slash scholarship students’ allowances as recently projected in the media.The...

NEWS14 hours ago

Planned Protests: CAN calls for calm and patience

ShareBy Laide Akinboade, Abuja The Christian Association of Nigeria, CAN, on Friday, has urged Nigerians to calm and patient with...

NEWS14 hours ago

Senate  Consultant Scores Benue LG Bureau High on Projects Execution

ShareThe Consultant for Senate Standing Committee on States and Local Government Administration, Engineer Kayode Adegbayo has described the quality of...

FEATURES16 hours ago

Doctor Mark Ogbodo: A Man Destined for Success

ShareBy Paul Ugah Henry Miller once said, “Every man has his own destiny, the only imperative is to follow it,...

POLITICS18 hours ago

Ignore Anti -government Protests, Wike Begs Abuja Residents

ShareBy Laide Akinboade, Abuja Minister of the Federal Capital Territory, Barr. Ezenwo Nyesom Wike has called on residents of the...

POLITICS18 hours ago

Reps Commit to Ensure Legislations for Better Skills Acquisition, Management

ShareBy Ubong Ukpong, Abuja The House of Representatives on Thursday pledged its continuous commitment to ensure legislations that would align...

POLITICS18 hours ago

Economic Sabotage: Senate Summons Petroleum Minister, NNPCl, CBN, NPA, Others for Interrogation

ShareBy Eze Okechukwu, Abuja The Senate is blowing hot over alleged economic sabotage by stakeholders within the petroleum sector, thus...

NEWS18 hours ago

Dialogue with Organisers of August 1 Protest, AANI Urges FG

ShareBy Johnson Eyiangho, Abuja The Alumni Association of the National Institute (AANI) has advised the Federal Government to dialogue with...

NEWS18 hours ago

Stigmatization: CSO Urges Kogi Gov to Assent Bill Protecting HIV Patients

ShareFrom Joseph Amedu, Lokoja Civil Society Organisation, Initiative for Grassroot Advancement in Nigeria (INGRA), has called on the Kogi State...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc