Connect with us

NEWS

Tinubu’s Reforms are Aimed at Addressing past Mistakes, says Information Minister

Published

on

Share

Information Minister Mohammed Idris, has said that President Bola Tinubu’s administration’s primary goal is to rectify poor policies and dysfunctional choices that have historically hindered Nigeria’s progress.Idris made this known while briefing the Diplomatic Community on the nationwide protest on Wednesday in Abuja.

Idris said: “Tinubu is addressing the poor policies and dysfunctional choices with bold and effective solutions, and not to impose hardship on Nigerians but to“ Tinubu is determined to implement reforms that would drive sustainable growth and improve the quality of life for all citizens, stressing that the current challenges are only temporary.
“It is important to kick off on this note: that President Tinubu did not come to office to cause hardship or make life difficult for Nigerians.
“He has come to office with bold solutions to historical problems; with the determination to correct many of the poor policies and dysfunctional choices that have held us back as a nation for decades.“The president assumed office during one of Nigeria’s most challenging periods in its history, where the country was spending 97 per cent of all its revenue on debt service.“This is coupled with widespread poverty, rising unemployment, dilapidated infrastructure, and insecurity.Faced with these daunting realities, he said, the administration took decisive action and implemented long-overdue reforms to save the economy from collapse.The minister said for decades, the costly, wasteful and unsustainable fuel subsidy regime had denied Nigeria the opportunity to invest in critical infrastructure, social service, and the welfare of its citizens.He added that as a result of the waste, Tinubu took a very painful decision to abolish the fuel subsidy.“He then redirected the funds towards critical sectors such as healthcare, education, infrastructure, and security, which directly impact citizens’ well-being and the development of the country.”The minister explained that Tinubu was not under any illusion that the withdrawal of fuel subsidy and the harmonization of foreign exchange rates would not come with some transitional pains.“That informed the decision of the Federal Government to design comprehensive intervention programmes to cushion the transitional pains.“We have been very determined about ensuring that these interventions are fully implemented, and bring the intended relief to Nigerians,” he said.On the nationwide protest, Idris said the government respects the right to peaceful assembly and freedom of expression, which are cornerstones of all democratic societies.“But what began as a peaceful protest in some states and the Federal Capital Territory, was hijacked by elements who infiltrated the protest and orchestrated violent activities that destroyed lives and properties.“There were reports of arson, vandalism, looting, and clashes with law enforcement agents in several cities. Tragically, these incidents led to the loss of innocent lives and significant damage to properties,”he said.Idris, assured that the worst is over, adding that, the Federal Government has launched an investigation into the violence that occurred during the protest in order to identify and bring to justice all those responsible.“We are committed to preventing the recurrence of such unfortunate incidents in the future.” (NAN)

NEWS

Borno Gov Condoles Adamawa over Passing of Renowned Scholar, Jubril Aminu

Published

on

Borno Governor-elect Professor Umara
Share

From Yagana Ali, Yola

Borno State Governor, Babagana Zulum has led a delegation of prominent sons of Borno State to condole with the government and people of Adamawa State over the demise of esteemed scholar and elder statesman, Professor Jubril Aminu. The delegation, which included notable figures such as Alhaji Mohammed Indimi, Senator MT Monguno, and Hon.

Kadiri Rahis, among others, paid a courtesy visit to the Lamido of Adamawa, Dr.
Muhammadu Barkindo Aliyu Musdafa, and the deceased’s residence in Yola.Zulum praised Professor Aminu’s diligent service to the nation, highlighting his significant contributions to the growth and development of education in Borno State and beyond.
“Professor Jubril Aminu has served diligently not only Borno, but the entire country,” the Governor said. “The relationship between Borno State and the deceased cannot be overemphasized. He has spent many years in Borno State, contributing to the growth and development of education.”The Governor prayed that Almighty Allah grant Professor Aminu Aljannatul Firdaus and comfort the family during this moment of grief. “We are here to commiserate with your humble self (Lamido), the entire Emirate people, and government of Adamawa,” he said. “May God grant the deceased eternal life and the family the strength to bear the irreparable loss.”The leader of the delegation, Alhaji Mohammed Indimi, described Professor Aminu’s passing as a great loss, stressing that the delegation would continue to offer prayers for the repose of his soul. The Adamawa State Deputy Governor, Professor Kaletapwa George Farauta, led the delegation to the palace of the Lamido and the deceased’s residence, where condolence messages were delivered.The Galadima Adamawa, Alhaji Mustapha Aminu, and the elder son of the deceased, Murtala Jibril Aminu, thanked the delegation for identifying with the family, Emirate Council, and the state during this moment of grief. The gesture of solidarity from Borno State is a testament to the strong bonds between the two states and the respect for Professor Aminu’s legacy.

Continue Reading

NEWS

Oluremi Tinubu Bags Ugosimba Chieftaincy Title in Enugu

Published

on

Share

From Sylvia Udegbunam Enugu

Nigeria’s First Lady, Senator Oluremi Tinubu has been conferred with the chieftaincy title of “Ugosimba 1 Enugu” (Jewel/Eagle from another kingdom) by the Enugu State Traditional Rulers Council.She received the title on Tuesday during her two-day working visit to the South East state.

Conferring the title, alongside other officers, patrons and members of the Council, the Chairman of the Enugu State Traditional Rulers Council, HRM Igwe Ikechukwu Asadu, said the honour was in recognition of her love for Enugu State and service to the nation and humanity.
“Our First Lady served in the senate for three consecutive terms and was honoured with the Commander of the Order of the Niger, CON.
Nobody could say you were silent at the parliament.“The good news is the humanitarian part of you. We looked at the way you love Enugu State. We are thanking you for what you do for the midwives, for the nurses. Personally, I am a nurse too. I appreciate it when it comes to the less privileged, healing the sick, clothing the naked, feeding the hungry. So, we are here to recognise and appreciate all these good works you are doing. It’s only God that can pay you for your good work,” he said.An evidently elated Tinubu thanked the Government and people of the state for their overwhelming acceptance and love.She described Enugu as a peaceful state, saying that she felt inner peace since she arrived in the state capital on Monday.While also appreciating the royal fathers, she described the title as a special honour, not only to her, but also her husband, President Bola Tinubu and the entire family.“Thank you so much for all the support you have given. Today is indeed a great honour to me personally and also to my family. I love your state; it is such a very peaceful state and a very peaceful ambience.“I want to thank Your Majesties for this honour done to me and also to my husband as well; and I know he will be very delighted and I believe the children too will be delighted.“It is not that I have not been given titles, but this one is quite special and I believe it is God-ordained. And as you have honoured me today, Enugu State will know it for good.“This moment will remain special in my heart and I will always remember your people for good and for the honour you have done for me. And this is not the end because our tomorrow is here already,” she said.

Continue Reading

NEWS

NDIC Begins Final Settlements of Liquidated Premier Bank Creditors

Published

on

Share

By Tony Obiechina Abuja

The Nigeria Deposit Insurance Corporation (NDIC) has begun the final phase of liquidation for the defunct Premier Commercial Bank, initiating the payment of liquidation dividends to verified creditors, nearly 25 years after the bank’s closure.Premier Commercial Bank had its operating license revoked by the Central Bank of Nigeria (CBN) on December 20, 2000, following findings of financial instability and regulatory non-compliance.

Since then, the NDIC has overseen the bank’s liquidation process under a winding-up order from the Federal High Court, which designated the corporation as the official liquidator.
The NDIC had invited all eligible creditors to visit any of its zonal offices between June 2 and June 27, 2025, to verify and claim their entitlements.
This move marks a critical milestone in the final settlement of claims related to the bank’s collapse.To facilitate the verification process, creditors are required to present proof of deposit or shareholding, such as a passbook, chequebook, term deposit certificate, or bank statement.Additionally, valid identification documents must be submitted, including a driver’s license, international passport, national identity card, NIN slip/card, voter’s card, or a formal identification letter from a traditional ruler or local government chairman.The NDIC assured the public that the ongoing settlement is part of a broader effort to bring closure to longstanding claims resulting from Premier Commercial Bank’s liquidation. The process, according to the corporation, has been designed to ensure efficient disbursement to all verified stakeholders.Premier Commercial Bank is one of 53 deposit money banks whose licenses were revoked by the CBN between 1994 and 2018 due to various violations and signs of financial distress.These closures were followed by legal procedures appointing the NDIC to manage asset recoveries and creditor settlements.By initiating this final phase of payment, the NDIC is reaffirming its commitment to financial system stability and depositor protection while calling on all affected individuals and institutions to complete verification processes promptly to receive their due compensation.

Continue Reading

Read Our ePaper

Top Stories

Borno Governor-elect Professor Umara Borno Governor-elect Professor Umara
NEWS20 minutes ago

Borno Gov Condoles Adamawa over Passing of Renowned Scholar, Jubril Aminu

ShareFrom Yagana Ali, Yola Borno State Governor, Babagana Zulum has led a delegation of prominent sons of Borno State to...

NEWS23 minutes ago

Oluremi Tinubu Bags Ugosimba Chieftaincy Title in Enugu

ShareFrom Sylvia Udegbunam Enugu Nigeria’s First Lady, Senator Oluremi Tinubu has been conferred with the chieftaincy title of “Ugosimba 1...

NEWS26 minutes ago

NDIC Begins Final Settlements of Liquidated Premier Bank Creditors

ShareBy Tony Obiechina Abuja The Nigeria Deposit Insurance Corporation (NDIC) has begun the final phase of liquidation for the defunct...

NEWS33 minutes ago

SEC Orders Companies to Honour Unclaimed Dividend Requests

ShareBy Tony Obiechina, Abuja The Securities and Exchange Commission (SEC) has directed all public companies and registrars to stop treating...

NEWS35 minutes ago

Kanam Patriots Commend Mutfwang on Security Efforts in Tackling Bandits, Terrorism Others

ShareFrom Jude Dangwam, Jos The Jahr Patriotic Forum has commended the efforts of the Executive Governor of Plateau State Barr...

NEWS40 minutes ago

2025 Bayelsa Governor’s Cup: Winner’s Goes Home with N10m Cash Award

ShareFrom Mike Tayese, Yenagoa The organizers of the Bayelsa Governor’s Cup tagged Prosperity Cup have said the sum of N50,000.00...

NEWS45 minutes ago

Bayelsa PDP Commends Wike, G5 on Abuja Meeting, Endorse Resolutions

ShareFrom Mike Tayese, Yenagoa The People’s Democratic Party (PDP) in Bayelsa State, under the leadership of Acting State Chairman, George...

NEWS51 minutes ago

Zulum Donates N300m to Mokwa Flood Victims

ShareFrom Dan Amasingha, Minna Borno State government has announced the donation of the sum of N300 million to Mokwa flood...

NEWS54 minutes ago

PFN National VP Embarks on South-South Tour

ShareFrom Ene Asuquo, Calabar National Vice President of the Pentecostal Fellowship of Nigeria (PFN), Archisbishop Emmah Isong, is set to...

NEWS57 minutes ago

A’Ibom to Eliminate Plastic Pollution across the state

ShareFrom Christopher Tom, Uyo The Akwa Ibom state Government said it would not relent despite the uphill task over its...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc