Connect with us

COVER

Subsidy Removal: FG Shares N185bn to  36 States, FCT for Palliatives  

Published

on

Share

By Mathew Dadiya, Abuja

The Federal Government has approved a whopping N185 billion support to each of the 36 states of the federation and the Federal Capital Territory (FCT) for the procurement of grains, fertilizers as as palliatives to cushion the effect of petroleum subsidy removal.

The states will also receive five trucks of rice, maize and fertilizers each for distribution to the people.

The states are to purchase 100,000 bags of rice and beans, 40,000 bags of maize among other items to be distributed to the less privileged in the society.

Borno State Governor, Prof Babagana Zulum, who spoke with State House Correspondnets after the National Economic council (NEC) meeting presided over by Vice President Kashim Shettima said each state and the FCT will receive N5 billion

The governor who spoke alongside his counterparts Uba Sani of Kaduna; Seyi Makinde of Oyo State; Yahaya Bello of Kogis State; and Prof Charles Soludo of Anambra, disclosed that five trucks of rice and grains were distributed as part of measures to alleviate the hardship  due to the high cost of living as government continued to work with more enduring programmes.

Zulum said that Nigeria was already having refugees from Niger Republic which he said is affecting the distribution of palliatives.

This was even as the states bordering Niger Republic appealed to the Federal Government to assist the in catering for the refugees from the Francophone country, as the government directed the National Emergency Management Agency (NEMA) to distribute food items to states sharing bordering with Niger Republic over the recent political instability in that country. 

On his side, the Governor of Anambra state, Prof. Charles Soludo said that the review of social register was in progress, hence the delay in the distribution of palliative to the poor.

However, the governor of Kaduna State, Senator Uba Sani said only N2 billion has so far been given to states instead of the N5 billion approved. 

“NEC met and expressed serious concerns as regards increasing cost of food items, increasing cost of transportation amongst others as a result of subsidy removal.  In order to cushion the effect of subsidy removal, the federal government has released five trucks of rice to each state last week.  

“Furthermore, in order to cushion the effect of food shortages across the country, the federal government has approved the sum of N5billion to be given to each state for the procurement of 100,000 bags of rice, 40,000 bags of maize and fertilizers.  This funding has to be shared with a formula as follows:  52% of this money is given to states as grants, while 48% of the N5billon is to be paid back on an instalment basis within a period of 20months to the CBN by the states and the local governments areas in Nigeria.

“The Council commended the efforts of the Federal Government under the leadership of President Tinubu as well as the CBN.  We have also commended the efforts of NEMA in cushioning the effects of the subsidy removal.

“Council has taken bold decisions in order to ensure speedy release of grains and other items in order to cushion the effects of subsidy removal on the less privileged in the society.

“Council has also taken note of the $800 million loan and insist that it be strictly used for intended purpose and based on accurate and acceptable register.  The $800million announced by the president will go to Nigerians in accordance with an accurate social register.

“Furthermore, Council has also noted the package that was announced by the president in order to cushion the effect of subsidy removal, amounting to about N500billion.  This fund has to be distributed to the following sectors MSMEs, industrial sector, about N125billion will go to cash transfers, agricultural sector as well as gas expansion for buses. Because of the increasing cost of fossil fuel, the federal government intends to establish more gas stations in Nigeria, procure more gas powered buses, CNG buses, as well as electric buses in order to cushion the effect of the subsidy removal. 

“Furthermore, NEMA will also liaise with states in order to distribute foodstuffs to the people immediately, especially those affected in the frontline states that are bordering Niger Republic because of influx of refugees.  The Council has also tasked the states to dialogue with the labour unions leadership.  A committee made up of Anambra State governor, NGF Chairman and others have been nominated to interface with labour.  The most important thing that the Council has taken note of is that all these palliatives that are being mentioned now are temporary solutions.  

“Council has decided to invest in medium and longer term sustainable solutions that will ensure availability of food and non food solutions in Nigeria, especially investing in commercial agriculture and also investing in irrigated agriculture.  NEC is calling on Nigerians and labour to be calm, law abiding s the president is determined to address the issues at hand,” the governor explained.

COVER

DAILY ASSET Appoints Torough, Editor, Names Eze, Deputy

Published

on

Share

By Laide Akinboade, Abuja 

As part of efforts to reposition the newspaper for optimum corporate performance, the management of Asset Newspapers Limited, Publishers of DAILY ASSET, has announced the appointment of David Torough as the Editor of the Abuja-based national daily.

A statement by the management said the appointments were part of the company’s new strategy to further penetrate the various states in the country and raise its readership and patronage.

“DAILY ASSET is widely acceptable across the country and to maintain our leadership position, we need to increase management presence, hence the need to create new Bureau offices in some locations outside Abuja and Lagos,” the statement quoted the Publisher/ Editor-in-Chief, Dr Cletus Akwaya to have said.

In a statement yesterday, Publisher and Editor-in-Chief of the fast-growing daily, Dr. Cletus Akwaya said the appointment was part of the new strategy to properly situate the paper for better productivity.

“DAILY ASSET has a commitment with the Nigerian people. We are determined to weather the storm and give Nigerian readers a Newspaper that satisfies their yearnings and reading pleasure and we can only do that with the right set of professionals,” the statement said.

Akwaya, a former Commissioner of Information from Benue State said the difficult times being faced by Nigerians posed a great challenge to the media as the people deserved credible information with which to make choices.

“We have a bond with the people, to offer credible information at all times in the best tradition of the Nigerian Press and on this scale of objectivity, truth and fairness, we pledge to remain steadfast no matter the challenges,” Akwaya was quoted to have said.

He said the newspaper will maiantin its daily print run and circulation to all states of the federation and urged advertisers to take advantage of the deep penetration of the Daily Asset brand to send their messages.

Torough, the new Editor has had a steady rise in the Newspaper in the last five years.

A graduate of Mass communication of the Benue State University, Makurdi, Torough joined the company in 2022 as Benue State Correspondent. He was spotted for his brilliance and redeployed to Abuja the following year and promoted to Deputy News Editor.  He was subswuently named Deputy Editor of the paper, a position he held until the recent appointment. 

Torough  has  attended several journalistic workshops and trainings to properly equip himself for the task ahead.

The statement also said the Management named Eze Okechukwu as Deputy Editor.

Before his elevation as Deputy Editor, Eze has been Deputy Politics Editor and  DAILY ASSET Newspaper correspondent  covering the Senate, having joined the organization in 2021.

Born on March 10, 1975, Eze holds a Masters Degree in Mass Communication from the Enugu State University of Science and Technology.

Eze began his journalism career with Daily Star, Enugu and later worked with Daily Trust Newspaper, Abuja as sports reporter.

Aside from his journalistic excellence, he has a great deal of passion for sports.

Continue Reading

COVER

Insecurity: Northern Govs, Monarchs Seek Six-month Mining Suspension

Published

on

Share

From Ngutor Dekera, Kaduna and Aliyu Askira, Kano

Northern governors and traditional rulers yesterday called for the suspension of mining activities across the region for six months, blaming illegal mining for worsening insecurity in many states.The resolution was contained in a communiqué issued after a joint meeting of the Northern States Governors’ Forum and the Northern Traditional Rulers’ Council held at the Sir Kashim Ibrahim House, Kaduna.

The meeting, chaired by the Gombe State Governor and NSGF Chairman, Muhammadu Yahaya, had in attendance the 19 northern governors and chairmen of the 19 states’ traditional councils.
The Forum expressed concern over the escalating violence in parts of the North, including the killings and abductions recently recorded in Kebbi, Kwara, Kogi, Niger, Sokoto, Jigawa and Kano states, as well as renewed Boko Haram attacks in Borno and Yobe.
“The Forum extends its deepest condolences and solidarity to the governments and good people of the affected states,” the communiqué said, noting that the attacks on schoolchildren and other citizens had become “unacceptable tragedies” that required urgent collective action.It commended President Bola Tinubu for what it described as the Federal Government’s “firm response” to recent abductions and insurgency threats, especially the rescue of some abducted pupils.The governors also saluted security agencies for their sacrifices on the frontlines.“We resolved to renew our support for every step taken by the President and Commander-in-Chief to take the fight to insurgents’ enclaves in order to end the criminality,” the Forum stated.A major highlight of the meeting was the North’s renewed push for the establishment of state police, with governors and traditional rulers insisting that decentralised policing had become inevitable.“The Forum reaffirms its wholehearted support and commitment to the establishment of state police,” the communiqué added, urging federal and state lawmakers from the region to “expedite action for its actualisation.”On illegal mining, the governors said criminal mining networks were fuelling violence and providing resources for armed groups.As a corrective measure, they asked Tinubu to direct the Minister of Solid Minerals to impose a six-month suspension of mining activities in order to allow for a full audit and revalidation of licences.“The Forum observed that illegal mining has become a major contributory factor to the security crises in Northern Nigeria. “We strongly recommend a suspension of mining exploration for six months to allow proper audit and to arrest the menace of artisanal illegal mining,” it said.To strengthen the fight against insecurity, the governors also announced the creation of a regional Security Trust Fund.Under the proposed arrangement, each state and its local governments will contribute ₦1bn monthly, to be deducted at source under an agreed framework.They said the fund would help provide sustainable financing for joint operations, intelligence-driven interventions and coordinated security responses across the region.At the end of the meeting, the Forum reaffirmed its commitment to unity and collective responsibility.“Only through unity, peer review and cooperation can we overcome the pressing challenges before us,” it declared.The Forum agreed to reconvene on a date to be announced.Meanwhile, Nigeria’s worsening security crisis took a grim turn on Monday as bandits launched fresh attacks in Kano State, abducting 25 villagers, even as the Federal Government raced to secure the release of more than 300 Catholic school children kidnapped in Niger State.In the early hours of Monday, armed bandits invaded Unguwar Tsamiya—popularly called Dabawa—in Shanono Local Government Area of Kano State, whisking away nine men and two women after shooting into the air and assaulting residents. The attackers also rustled two cows.A resident lamented the community’s helplessness: “We cannot do otherwise; most of us cannot leave because we have nowhere to go. This is our place, our land and everything is here.”The assault came less than 24 hours after a similar attack on Yan Kamaye in Tsanyawa LGA, a community along the volatile Katsina border.In Niger State, National Security Adviser Nuhu Ribadu has assured distraught families of St. Mary’s Co-Education School, Kontagora that the more than 300 students and staff abducted on November 21 will return home “soon.” Ribadu, who led a high-level federal delegation to the school on Monday, said the abductees are safe, though he offered no specifics on their location or the status of rescue operations.According to Daniel Atori, spokesman for the Catholic bishop overseeing the school, the NSA reassured officials: “The children are where they are and will come back safely.”The St. Mary’s attack is part of a worrying resurgence of mass kidnappings reminiscent of the 2014 Chibok schoolgirls’ abduction. Security analysts warn that banditry has evolved into a “structured, profit-seeking industry,” with hundreds of Nigerians abducted in November alone.The Kontagora school abduction occurred the same week 25 girls were kidnapped in Kebbi State—victims who authorities say have since been rescued through “non-kinetic” means. About 50 of the St. Mary’s hostages have also managed to escape.Ribadu’s delegation, which included the Minister of Humanitarian Affairs and the Director-General of the Department of State Services (DSS), reaffirmed the government’s commitment to securing the freedom of all abducted citizens.As communities from Kano to Niger continue to bear the brunt of these violent incursions, the escalating spate of kidnappings underscores the urgent national demand for a more decisive and coordinated security response.

Continue Reading

COVER

Abacha Loot Probe: Malami Faces EFCC Panel Daily in December

Published

on

Abubakar Chika Malami SAN Attorney General
Share

By David Torough, Abuja

The Economic and Financial Crimes Commission (EFCC) said former Attorney‑General of the Federation and Minister of Justice,  Abubakar Malami, will face a team of interrogators at its office daily throughout December.A credible source in the EFCC said on Monday that the daily appearance was part of an ongoing investigation into the whereabouts of an alleged 490 million dollars Abacha loot secured through a Mutual Legal Assistance (MLAT) request.

The source said that Malami, who was summoned for interrogation by the EFCC on Saturday, was barred from leaving Nigeria for the next one month.According to the source, one of the conditions for his release on Saturday was that he should report daily to the EFCC Headquarters in Abuja for further interrogation.
The source said Malami would have to appear daily at the anti-graft office due to the volume of the investigation and the seriousness of the charges against him.”We seized his passport, it is the normal routine during investigation, but he has to report at the EFCC headquarters in Abuja every day for the next month.”He will be reporting for further investigation throughout December.”He will be reporting every day, starting from Dec. 1st to Dec. 31st.He will appear before the team of investigators for the entire month of December.”He will be reporting to EFCC for investigation for the period because of the volume of the investigation and the seriousness of the charges against him,” the source added.According to the source, a fact sheet on the former minister revealed that Malami had several issues to clarify with the EFCC within the coming weeks.“We have asked him to explain the whereabouts of the $490 million Abacha loot secured through MLAT.“We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.”The commission cited the large volume of documents he must review and the need for extensive interviews as reasons for seizing his passport.The source said EFCC would not engage in a war of words but would release its findings after a thorough investigation.Malami, in a statement by his media aide, Mohammed Doka, on Monday in Abuja, however, described the EFCC investigation as a political witch‑hunt.He confirmed he honored an EFCC invitation on Nov. 28, describing the engagement as fruitful and expressing confidence that the probe would vindicate him.Malami described the EFCC’s allegations as baseless, illogical and devoid of substance, insisting they collapse under factual scrutiny.

Continue Reading

Advertisement

Top Stories

DEFENCE2 minutes ago

OPFY Troops Neutralize Lakurawa Terrorists in Northwest, Recover Arms, Livestock

ShareFrom Ifeanyichukwu Nwannah, Gusau Troops of Sector 2, Operation Fansan Yamma in continuation of a series of offensive operations against...

DEFENCE6 minutes ago

FRSC Inducts 145 Special Marshals in Enugu

ShareFrom Sylvia Udegbunam, Enugu The Federal Road Safety Corps (FRSC) has inducted 145 fresh Special Marshals to ensure traffic flow...

DEFENCE1 hour ago

No Troop Casualty in Al-Minuki Operation – DHQ

ShareThe Defence Headquarters says no Nigerian soldier was killed during the operation that eliminated the terrorist commander, Abu Bilal Al-Minuki....

DEFENCE1 hour ago

Police Probe Suspects’ Escape from Detention in Rivers

ShareThe Police Command in Rivers has begun disciplinary proceedings on an officer Ekawhe Thomas, over alleged negligence that led to...

DEFENCE1 hour ago

Nigerian Army Reviews Strategies, Hails Operational Gains at First 2026 Bi-Annual Conference

ShareBy David Torough, Abuja The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has called on commanders and senior officers...

Health1 hour ago

Group Pushes for Unified Response to Tackle Nigeria’s Hypertension Crisis

SharePresident of the Nigerian Hypertension Society (NHS), Prof. Simeon Isezuo, has called for collective action to combat hypertension and other...

NEWS2 hours ago

Menstrual Hygiene: Stakeholders Seek Affordable Sanitary Products for Girls

ShareA Non-Governmental Organisation, MAHCare Foundation, has called for increased awareness and support to address period poverty among women and girls...

NEWS3 hours ago

One Year into OPay’s N1.2 billion 10-year Scholarship Initiative, What’s Next?

ShareGetting into a tertiary institution is only half the journey. Staying in school, paying fees on time, and having the...

NEWS8 hours ago

Benue Not Owing Workers’ Salary – Odey

ShareBy Attah Ede, Makurdi The Benue State government has debunked reports in some sections of the media including DAILY ASSET NEWSPAPER over...

SPORTS8 hours ago

2028 Olympic Games Qualifier: Super Falcons to Discover Opponents Today

ShareNigeria’s Super Falcons will find out their opponents for the 2028 Los Angeles Olympic Games women’s football qualifiers this week. The Confederation...