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Monday, August 28, 2023

No Plan To Borrow To Finance Nigeria's Economy — Wale Edun Says.

No Plan To Borrow To Finance Nigeria's  Economy — Wale Edun Says.
The Minister said Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Mr Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

EKITI STATE GOVERNMENT TO DISBURSE GRATUITY TO RETIREES.

EKITI STATE GOVERNMENT TO DISBURSE GRATUITY TO RETIREES.


PRESS RELEASE:

The disbursement of cheque in respect of payment of gratuity to retired Local Government workers and Primary School teachers by the Ekiti State Government will hold on Tuesday, August 29, 2023.

The event which is the third batch this year has been slated to take place at the Conference Hall, Governor’s Office, Ado-Ekiti by 1.00pm and will be presided over by the Governor of Ekiti State Mr. Biodun Abayomi Oyebanji.

All the beneficiaries, invited guests, dignitaries and government officials are to be seated by 12.30pm.

 

Signed:

Wole Adeleye, Director of Information and Civic Orientation, Local Government PTAD.

 For: Executive Secretary Local Government PTAD.

PUTTING SMILES ON THE FACES OF PENSIONERS IN EKITI STATE: THE JOURNEY SO FAR UNDER BAO ADMINISTRATION.

PUTTING SMILES ON THE FACES OF PENSIONERS IN EKITI STATE: THE JOURNEY SO FAR UNDER BAO ADMINISTRATION.          By: Wole Adeleye.


One of the problems in our society today is the inability of civil servants to receive their terminal benefits immediately after retiring from the service. This is not peculiar to Nigeria but news around the world indicates that it is a problem in most developing countries of the world. It is what creates fear in the minds of civil servants when their retirement days are near. More often than not, you find civil servants manipulating and falsifying their records to prolong their stay in the service because of the fear of the unknown that comes after retirement.

Before this administration came into being, the story of pensioners in Ekiti State has not been a palatable one. Many are yet to receive their terminal benefits more than a decade after their retirement from the service. As at today, the pensioners under the Defined Benefits Scheme in the Local Government Pension Transitional Arrangement Department are still being owed five months arrears of pension and unpaid gratuity in excess of N20billion.

It should be noted however that the present administration in Ekiti State under the leadership of Mr. Biodun Abayomi Oyebanji inherited this problem as the task of defraying the accumulated gratuities by successive administrations has been a reoccurring decimal in the last 13 years.

However, it would appear this administration is well prepared for the act of governance as matters relating to the welfare of the senior citizens in general occupy a premium place in its working scheme. It is on record that the Governor, while campaigning for votes as a gubernatorial candidate had assured the senior citizens that their welfare would be of priority to his government if voted into power. It was said that the members of the Nigeria Union of Pensioners (NUP) had laid bare their challenges including the indebtedness of government to them and their determination to thumb the ballot for the right candidate that would meet their yearnings and aspirations.

Today, in less than 8months into his administration, the compassionate Governor has started fulfilling his promise. He has been meeting the heart desires of the senior citizens by taking bold steps to address their problems. Payment of pension has been regular while clearing of the backlog of gratuity has begun.

During the 100days anniversary of his administration, it was not only physical infrastructural projects alone that were commission. The milestone also brought joy to the hearts of many pensioners who had literarily lost hope of being paid their gratuity. The Lady Jibowu Hall of the Governor’s office was agog with a crowd of pensioners who were invited to receive their gratuity cheques. Their relatives were also present beaming smiles in colourful attires at the event.

Addressing the gathering, the Governor empathized with the beneficiaries some of whom had retired from the service over a decade ago for receiving their entitlement late. He also congratulated them for being alive to receive the benefit despite the delay. He affirmed the commitment of his administration to their welfare at all times and assured that the payment of the backlog of gratuity would be looked into. The Governor did not just present the cheques to the beneficiaries and rush unto other waiting schedules but he took his time to identify with the old men and women. He hugged and danced with them as if they were his biological parents.

On that day, a sum of N160million was disbursed to sixty-nine beneficiaries comprising forty-one retired local government workers, next-of-kin of eight deceased local government workers, thirteen retired primary school teachers and next-of-kin of seven deceased primary school teachers at the event.

As a confirmation of his determination to put smiles to the faces of the retired senior citizens, the next big move by the Governor was the setting up of a committee comprising stakeholders and officials of government charged with the task of producing a blueprint for settling the humongous backlog of gratuity owed the retired workers. The committee headed by the Honourable Commissioner for Finance is still at work making extensive consultations and pragmatic boardroom crafting.

Within a twinkle of an eye, the 200days anniversary of the BAO administration came calling in early May this year. The invitation of another round of retirees to receive their gratuity cheques was part of the programs lined up to mark the important milestone. The presentation took place in the Conference Hall of the Governor’s office where the sum of N215million was disbursed to 76 pensioners. The beneficiaries were made up of 26 retired primary school teachers and 50 retired local government workers including the next-of-kin of those that were already deceased. Looking at the beneficiaries on this particular day with cheques in their hands, you would see extreme gladness in them.

Worthy of note was a particular scene during the presentation of cheques. Mr. Governor engaged one of the beneficiaries on what he would do with his money as soon as he cashed it. The retiree answered that his life-long dream had been to have a good mattress in his bedroom on which he, together with his wife, could have a comfortable sleep. He said he was going to buy it as soon as he cashed his money. The Governor was moved with pity with this response and instantly placed an order for a new mattress and beddings which were brought immediately and were presented to the retiree before the program ended.   

Part of the demands placed before Mr. Governor by the pensioners and which often recounts as nursery rhymes is the outstanding six months arrears of pension from March to August 2018. As they expressed appreciation to the Governor for paying their gratuity with one side of the mouth, they also use the other side to remind him of the outstanding pension arrears.  The Governor, being a compassionate leader, had started defraying the arrears as that of March 2018 had been paid. It is reliably gathered that plans are underway to pay that of April 2018 very soon.

Right now, the clock is ticking for the 300 hundred days anniversary of this administration. As the milestone is fast approaching and since the Governor has revived the forgotten hope of a good life after retirement, new sets of retirees will bask in the shower of joy and smile to the bank on that day.   

It is important to state that the Local Government Pension Transitional Arrangement Department (PTAD) has a key role to play in the implementation of the policies of the BAO Administration. The Governor’s vision is clear. His passion to make life worthy of living for the senior citizens is pure and undiluted. Therefore, PTAD that is responsible for the processing of retirement benefits, preparation of monthly payroll of pensioners and other documentations relating to the Defined Benefits Scheme must key into the vision of Mr. Governor by rendering prompt service to the retirees. The staff of the Department must be dedicated to duty with consciousness for integrity, loyalty, accountability and efficiency in the service they render. Beyond this, they also need to be compassionate and tender when attending to the senior citizens.

The effort of the management of the PTAD under the leadership of the Executive Secretary, Mr. Foluso Akinwumi, at ensuring that the Department is efficient in its operation and at rendering prompt service to the retirees is highly commendable. Not minding the not-so-conducive atmosphere in which they work majorly like shortage of office accommodation, the management has provided effective leadership and has demonstrated resourcefulness in managing men and materials to achieve desired results. Moving forward, it is hoped that the PTAD will not deviate from the culture of excellent service delivery that has promoted friendly relationship between staff of the Department, retirees and intending retirees.

Mr Foluso Akinwumi, Executive Secretary PTAD.

Conclusively, judging from the achievements of this administration in terms of welfare of retirees within just eight months of tenure, it can be said unequivocally that the government is on course. The giant strides taken so far in addressing their welfare has definitely and significantly improved their happiness coefficient. It is now that the senior citizens and confidently say tha t rest is sweet after labour.

Wole Adeleye, Director of Information and Civic Orientation, LG PTAD.

 

NNPC Reveals $7.2 Million Monthly Loss from Illegal Crude Oil Connections in Nigeria.

NNPC Reveals $7.2 Million Monthly Loss from Illegal Crude Oil Connections in Nigeria.


The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that the nation is grappling with a monthly loss of $7.2 million due to illegal oil connections. This revelation follows the recent unearthing of an illicit connection in the Owaza community of Abia state.

The discovery occurred over the weekend and was made by a delegation appointed by President Bola Tinubu to assess the situation of oil theft in the Niger Delta. The team, headed by Muhammed Badaru, the Minister of Defence, visited the Trans-Niger Pipeline Right of Way in Owaza, Abia, where numerous dismantled illegal connections were found.

Among the delegation were prominent figures including Heineken Lokpobiri, Minister of State for Petroleum Resources (oil); Ekperipe Ekpo, Minister of State for Petroleum Resources (gas); Nuhu Ribadu, National Security Adviser; and Mele Kyari, Group Chief Executive Officer of NNPC Limited. Also present were Olusegun Ferreira, Commander of Operation Delta Safe, various security agency operatives, and CEOs of regulatory agencies within the oil and gas sector.

Kyari, while at the scene, emphasized the profound economic repercussions stemming from clandestine refineries, illegal bunkering operations, and resulting environmental devastation. He highlighted that these activities collectively contribute to significant economic losses for the country, and underscored the importance of oil-bearing communities' involvement in combating such criminal acts within their regions.

In concurrence, Badaru expressed commitment to ensuring peace in the Niger Delta and urged an end to crude oil theft and economic sabotage. Ribadu praised security agencies, community security contractors, and NNPC for their concerted efforts in combating oil theft and economic sabotage. He noted that the continuous destruction of the environment and livelihoods, coupled with the resultant deprivation of revenue for the federation, underscores the urgency of the situation.

The pervasive issue of oil theft has also impacted Nigeria's ability to fulfill its OPEC daily production quota, further underscoring its significance in the country's economic landscape.

President Tinubu Emphasizes the Need for "Difficult Changes" to Elevate Nigeria's Global Standing.

President Tinubu Emphasizes the Need for "Difficult Changes" to Elevate Nigeria's Global Standing.
Speaking at the inauguration of the 2023 Annual General Conference of the Nigerian Bar Association (NBA) in Abuja, President Bola Tinubu stressed the necessity for Nigeria to undertake significant reforms in order to gain respect on the international stage. He acknowledged that these reforms might be challenging initially but are crucial for the nation's growth.
President Tinubu highlighted the long-term benefits of these changes, stating, "Our efforts extend beyond us and our time. We are custodians of Nigeria's future, responsible for leaving behind a prosperous and thriving nation for generations to come."

Expressing concern about the country's unsustainable level of external debt servicing, President Tinubu pointed out that allocating 90% of revenue to service these debts would lead to detrimental consequences. He emphasized, "Continuing on this path is perilous; we must take the difficult steps needed to awaken our nation from its slumber and earn respect on the global stage."

Drawing attention to the importance of a collective change in mindset, the former Lagos State governor encouraged Nigerians to take responsibility for the nation's greatness. "We possess the potential and resources required to thrive. To overcome our challenges, we must reshape our attitudes and thinking. Dwelling on the past will not suffice; our determination and efforts will pave the way for a brighter future," he urged.

In conclusion, President Tinubu rallied the audience to join hands and work towards a more prosperous Nigeria, asserting, "The journey towards greatness begins with each individual present here today. Let us embrace this responsibility with dedication and drive."

DSS Officer Halts Edo Deputy Governor from Greeting Obaseki.

DSS Officer Halts Edo Deputy Governor from Greeting Obaseki.
The crisis between Governor Godwin Obaseki of Edo State and his deputy, Philip Shaibu, took a new twist when the Department of State Services (DSS) denied Shaibu access to the governor.

Shaibu was one of the guests who attended the church service to mark the 32nd anniversary of the creation of Edo State.

At the event which held at the New Festival Hall of Government House, Benin, on Sunday, the deputy governor stood up to greet Obaseki, but a DSS operative blocked him just a few metres away.

As the service unfolded, Deputy Governor Shaibu, a guest at the event, took the opportunity to stand up and greet Governor Obaseki. However, an attentive Department of State Services (DSS) operative momentarily intervened, causing a slight pause. While the incident caught the attention of many, it was a testament to the commitment of security personnel to their duties.

Commenting on the situation, Chief Press Secretary Andrew Okungbowa emphasized that the incident was not orchestrated by Governor Obaseki, who was unaware of the unfolding events. He clarified that the security personnel were merely ensuring the safety of their principal, and as a public event, security measures were crucial.

Despite the brief interruption, Deputy Governor Shaibu used the occasion to reaffirm his unwavering loyalty to Governor Obaseki. He addressed the media, describing the governor as his elder brother and expressing his commitment to stand by him through thick and thin. Shaibu emphasized that his loyalty remained unaltered, and he was dedicated to supporting Governor Obaseki throughout his tenure.

In the spirit of unity, Deputy Governor Shaibu also clarified that his ambition did not compromise his loyalty. While acknowledging his personal aspirations, he stressed the importance of settling differences within the confines of their relationship and not in the public domain. Shaibu's commitment to his Christian values and his vow to support Governor Obaseki's leadership resonated with his audience.

The incident at the church service served as a poignant reminder of the strong bond between Governor Obaseki and Deputy Governor Shaibu. Their shared commitment to the betterment of Edo State shone through, leaving attendees with a sense of optimism for the future of the region.

Rethinking Palliative Distribution in Nigeria: A Call for Effective Measures.

Rethinking Palliative Distribution in Nigeria: A Call for Effective Measures.
By: Comr. Sunday Odunayo

In recent times, Nigeria has been grappling with the challenge of efficiently distributing palliatives during times of crisis. While the intention to provide relief to the vulnerable is commendable, the current approach has raised concerns about its effectiveness. The distribution process lacks transparency and accountability, often resulting in meager quantities of food items. This situation has led to skepticism among citizens.

The ongoing distribution of palliatives, primarily in the form of food items, has ignited a nationwide debate due to concerns over transparency, accountability, and potential misappropriation of resources. Many Nigerians have expressed disappointment in receiving inadequate relief despite the allocation of significant funds. Consequently, skepticism has arisen regarding the government's commitment to addressing the needs of its citizens.
In Pic: Comrade Sunday Odunayo.

Comrade Sunday Odunayo lamented, "It's a pity for our country Nigeria that we lack a leader capable of singlehandedly finding a lasting solution to our problems. What a shame! I urge Mr. President to reconsider how he can effectively help poor Nigerians with well-measured assistance."

To make a meaningful impact, the government should explore alternative approaches to palliative distribution. One effective strategy involves leveraging the BVN (Bank Verification Number) and NIN (National Identification Number) database. These databases contain essential information about citizens' identities and bank accounts, allowing for a more efficient and targeted distribution method. By directly crediting eligible individuals' bank accounts, the government can ensure that palliatives reach the intended beneficiaries, thereby minimizing mismanagement.

Furthermore, a comprehensive palliative distribution approach should encompass more than just food items. While food is undoubtedly important, it should be part of a broader strategy addressing diverse population needs. Initiatives such as job creation, improved healthcare access, education support, and social safety nets can provide holistic relief. This approach empowers citizens to uplift their circumstances and contribute to the nation's overall development.

Promoting financial literacy and encouraging bank account ownership can significantly streamline palliative distribution. Financial inclusion initiatives empower citizens to manage their finances effectively and access government programs seamlessly. By fostering financial education, the government helps individuals make informed decisions about saving, investing, and financial management, thereby promoting long-term economic stability.

In conclusion, the existing approach to palliative distribution in Nigeria necessitates a comprehensive overhaul. Relying solely on state governments for the distribution of food items has proven to be inefficient and inadequate. Leveraging the BVN/NIN database for direct transfers offers a more targeted and transparent approach. However, the government's efforts should extend beyond immediate relief to encompass broader socio-economic initiatives. This approach empowers citizens and facilitates lasting positive change. By rethinking the palliative distribution strategy, Nigeria can provide meaningful assistance to its citizens and achieve sustainable development.