COVER
South-West Governors Task Tinubu on Federalism
The South-west Governors’ Forum has urged President Bola Tinubu to institute a new constitutional order that would ensure true federalism in Nigeria.
Ondo State Governor Rotimi Akeredolu, who is the chairperson of the regional group, stated this in a statement on Tuesday, on behalf of the governors .
He said this should be one of the first steps to be taken by the new Tinubu administration.
Akeredolu also admonished the president to hire men and women with the required expertise in governance to serve in his government
“The new Administration has its jobs well defined, the very first being the urgent need to assist in birthing a new constitutional order which takes into account, keenly, the principles of federalism,” a statement by its Chairman and governor of Ondo State, Rotimi Akeredolu, said.
“The success recorded at fixing the basic defects in the 1999 Constitution, As Amended, will determine, largely, the pattern and the depth of the deliberative governance designed to achieve development.
“All existential issues will be addressed realistically. We must encourage the new Government to tread this honorable path. The new thinking should anticipate active participation by the constituent units of the Federation as coordinate partners in revenue generation and the security of lives and property of the citizenry.
“I do not doubt that Mr President is ready to deliver on this mandate of rectitude. His record of service in Lagos State leaves no room for any doubt concerning his capacity to turn things around positively.”
According to the governor, only those with proven capacity to deliver should be brought on board.
“This is not the time to gloat on the electoral victories recorded in the last general elections. It is not a season for recriminations,” Mr Akeredolu said.
He said the divisive rhetoric of “we against them” should cease with the declaration of the winners by the electoral body, the Independent National Electoral Commission (INEC).
“We admonish ourselves on the need to remain focused on the socio-economic programmes for the emancipation of our people,” he said.
The governors urged all the new leaders to cast aside all tendencies which promote and deepen cleavages of different hues, adding, “All hands must be deployed on deck.
“There must be conscious attempts to bring on board only those with proven capacity about expertise,” he said.
“The President must ensure that all those who are bent on setting Nigerians on one another are neutralized.
“As Nigeria takes yet another momentous step on her journey towards greatness, it behooves us to join all good people in the country and our friends and well-wishers from all over the world to celebrate this seamless transfer of power to a new set of elected leaders, at both the national and state levels.
“Most importantly, all decent people must pay glowing tributes to the commitment of the immediate past President and Commander-in-Chief of the Armed Forces, General Muhammadu Buhari, GCFR, for this phenomenal leap towards political stability and economic prosperity.
“On this occasion, I felicitate the new President, Senator Ahmed Bola Tinubu, GCFR, most heartily, for his resilience, equanimity, doggedness, and uncommon tenacity to achieve set objectives. I congratulate the Vice President, Senator Kashim Shettima, GCON, for being a part of the team who will steer the affairs of the country for the next four years.
“I rejoice with the All Progressives Congress for working assiduously and sustaining the momentum until the final victory was won. I congratulate Nigerians for being witnesses to history.”
Mr Tinubu had severally advocated “true federalism” prior and during the electioneering campaigns of the last general elections.
However, politicians in the geopolitical divide are not quite agreed on the extent of devolution of powers to states.
Group Asks President to Declare Assets Publicly
A group, African Centre for Media and Information Literacy (AFRICMIL) has called on President Bola Tinubu to declare his assets in accordance with Paragraph 11 of Part I of the Fifth Schedule to the Constitution and make it public as a way of committing to the genuine fresh beginning he promised Nigerians.
AFRICMIL said it believes that declaring his assets and making it public would place Tinubu on a much higher moral pedestal than his predecessors who were not on record to have taken any significant action regarding this constitutional obligation.
It said besides the moral capital that accompanies such a rare gesture, the president would be seen to have reinforced belief in the “Renewed Hope” agenda on which his governance plan is anchored, and which was the mantra at every turn in his campaign trail.
The group stated this in a statement by its coordinator, Chido Onumah.
Tinubu was inaugurated on Monday as Nigeria’s 16th leader.
AFROCMIL said the anti-corruption agenda of the new administration remains vague even though in his inaugural speech Mr Tinubu said his administration would “take proactive steps such as championing a credit culture to discourage corruption while strengthening the effectiveness and efficiency of the various anti-corruption agencies.”
The group said it looks forward to a more detailed and unambiguous anti-corruption programme and is ready to work with the Tinubu administration to tame the vicious monster of corruption currently ravaging the country.
“Before we get a full understanding of the new administration’s trajectory on fighting corruption, we would like to propose to President Tinubu that an important tool for enhancing transparency and accountability and reducing corruption is whistleblowing.
“We are disappointed at the failure of the immediate past government to enact a whistleblowing and whistleblower protection law, even though it introduced the whistleblowing policy as one of its anti-corruption strategies in December 2016 and approved a draft whistleblower protection bill in December 2022.
“To address this disabling lapse, we are using this opportunity to call on this administration to take steps to sign the whistleblowing and whistleblower protection bill into law without further delay. A whistleblowing law would boost the confidence of citizens to report fraud, block leakages and increase the revenue which the new administration badly needs to sustain effective governance at this time,” the statement said.
AFRICMIL also called on former president, Muhammadu Buhari, to declare his assets and make it public as a token gesture of redemption for his severely diminished integrity.
“This is not the first time AFRICMIL would be requesting elected officers to publicize their assets records as a mark of upholding transparency and accountability in governance through personal example.
“In 2011, AFRICMIL dragged the Code of Conduct Bureau to court seeking an order compelling the CCB, within the ambit of the Freedom of Information (FoI) Act, to make available to the public the asset declaration form of President Goodluck Jonathan.
“In 2017, AFRICMIL again sued the CCB for refusal to make available the asset details of principal officers of the National Assembly since 2011. Following the unfavorable judgment of Justice Adamu Abdu-Kafarati of the Federal High Court, AFRICMIL took the matter to the Appeal Court. The case has yet to be heard,” the group stated.
AFRICMIL said it will not relent in its advocacy for good governance through activities that are targeted at holding public officers accountable.
COVER
Another Blackout as National Grid Collapses Second Time in Two Days
By Mike Odiakose, Abuja
As Nigerians await full power restoration, the national grid has collapsed once again.The national grid collapsed on Tuesday, marking the 10th such incident since January 2024.It was confirmed that, as of 11 am on Thursday, the 22 power plants were only able to generate 2,323 megawatts of electricity, with generation dropping to 0.
00MW. The peak generation for the day was 3,743MW as of 10 am. The Ikeja Electricity Distribution Company reported a power outage at 11:29 am.“Dear Esteemed Customer, please be informed that we experienced a system outage today, 7 November 2024, at 11:29 hrs, affecting supply within our network.“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us,” IKEDC said.The Transmission Company of Nigeria has yet to provide an update on the incident at the time of this report which marks the 11th of such occurrences in 2024.The country recorded more than 93 cases of grid collapse during the eight-year administration of former President Muhammadu Buhari from 2015 to 2023.This persistent grid collapse has led to frequent blackouts, impacting businesses and daily life across the country.Nigeria had, in the past decade, secured about 10 loans totaling about $4.36bn from the World Bank to address challenges in the sector but there has not been any significant improvement even with additional funds from multilateral and donor agencies.This has heightened speculations that a sizable chunk of the loans may not have been disbursed for the purposes for which they were obtained.The frequent fluctuations in power supply have continued to take a toll on industrial and domestic consumers leaving frustration and low productivity in the aftermath.The Bola Tinubu administration has continued to seek additional World Bank loans, securing $1.901 billion in new funds since he assumed office in June 2023.The administration has also been making frantic efforts to expand the nation’s energy options through renewable energy projects.The government has also initiated massive solar energy extension, especially to rural communities across the country to bridge the gaping power gaps.With a population estimated to be more than 200 million, Nigeria has not been able to exceed 5000 Megawatts at any period in the past 10 years despite assurances by successive administrations.More disturbing to Nigerians is the astronomical increase in electricity tariffs across the board, peaking above 400 percent with the last hike that was affected earlier in the year.COVER
FG Defends CNG Vehicle Safety Amid Malaysia’s Phase-out plan
By David Torough, Abuja
The Presidency has sought to allay concerns regarding the safety of Compressed Natural Gas-powered vehicles, recently introduced in Nigeria as an alternative to petrol-powered cars.The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, dismissed these fears in a post on X on Thursday while responding to reports on Malaysia’s plan to phase out CNG-powered vehicles by 2025.
The Malaysian government announced plans to phase out CNG vehicles and end the sale of natural gas vehicles by July 2025. According to local media sources, Malaysia’s Minister of Transport, Anthony Loke, made this announcement at a press conference on Monday.He explained that the decision was intended to protect road users and the public from the potential hazards posed by ageing CNG tanks.Loke was quoted as saying, “These NGV tanks have a safe usage lifespan of approximately 15 years, and if they are not replaced, they become unsafe to use and may fail at any time.” From July 1, 2025, CNG-powered vehicles will no longer be registered or allowed to operate in Malaysia.However, Onanuga clarified that Malaysia’s policy was focused on the safety of Liquefied Petroleum Gas (LPG), not CNG.He added that Nigeria chose CNG specifically for its safety and cost-effectiveness, with plans underway to develop domestic tank manufacturing capacity.Onanuga wrote, “Some clarification on Malaysia’s plan to phase out CNG-powered vehicles:“The Malaysian issue relates to the safety of LPG, not CNG. In the original report, Transport Minister Anthony Loke stated, ‘There are also some car owners who have modified their vehicles using liquefied petroleum gas (LPG) cylinders, which are very dangerous.’“NGV covers both CNG and LPG. Nigeria, in its transition, has adopted CNG only, not both, due to valid safety and cost concerns regarding LPG.”Onanuga further noted, “Malaysia’s programme for CNG-powered vehicles struggled, achieving only a 0.2% conversion rate over 15 years. By contrast, nations like India, China, Iran, and Egypt have seen considerable success.”He added that Malaysia faced difficulties in replacing 15-year-old tanks due to limited manufacturing capacity, while Nigeria, in its first year of adopting CNG, is already addressing this.Malaysia introduced CNG for taxis and airport limousines in the late 1990s, while Nigeria began its own CNG initiative in 2024 as an alternative transportation fuel.COVER
Zenith Bank Upgrades Infrastructure, Assures of Exceptional Service
By David Torough, Abuja
Zenith Bank Plc has assured its teeming customers of exceptional service delivery and improved customer experience following the successful completion of its Information Technology Infrastructure Upgrade.
The Group Managing Director/Chief Executive of the bank, Dr.
Adaora Umeoji in a statement expressed her immense gratitude to all customers of the bank for their patience and support during its recent IT infrastructure migration to a new and more robust operating system.Umeoji emphasized that the bank was committed to delivering unparalleled service experience, saying “We undertook such an extensive endeavor in other to better position Zenith Bank Plc for improved service delivery to all our valued customers and provide memorable banking experiences at all our touchpoints,” adding that the bank now has one of the best technology infrastructure in the Nigerian banking industry, and is well positioned to ensure customers experience exceptional service delivery going forward.
Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offering, unique customer experience and sound financial indices.
The bank has remained a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.
The bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the 15th consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria 2023 and 2024 in the International Banker Banking Awards.
Further recognitions include being recognised as Best Bank in Nigeria for the fourth time in five years, from 2020 to 2022 and in 2024, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for three consecutive years, from 2022 to 2024, ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021; Bank of the Year for 2023 and 2024, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best
Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.