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Thursday, October 19, 2023

President Tinubu seeks legislative support to strengthen economy, tackle poverty.

President Tinubu seeks legislative support to strengthen economy, tackle poverty.
President Bola Ahmed Tinubu has urged the legislature to work with the executive to strengthen and grow the economy as well as fight poverty in the land.

The President expressed discomfort at having 63 per cent of the population in poverty, saying this is unacceptable to his administration.

He assured of his commitments to engender a better life for all Nigerians.

President Tinubu, who was represented by the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, spoke at the opening of a two-day retreat on fiscal policy and tax reforms for senators of the 10th National Assembly at Ikot Ekpene in Akwa Ibom State.

In a statement yesterday in Abuja by his Special Adviser on Media and Publicity, Ajuri Ngelale, the President promised to ensure that the three per cent progress made in developing the economy would be sustained.

He said: “We will ensure life is better for all Nigerians. It is unacceptable that we are quoted as having 65 per cent of the population, 84 million people, are found as multi-dimensionally poor.

“The antidote to this is that this government is committed to doing all we can to make the Nigerian economy grow and achieve rapid, sustained and inclusive growth.

“I cannot do this alone. There has to be a team network and, of course, legislations. The senators have a key role to play.”

He urged the National Assembly to remain committed, as it has always been, in passing the 2024 budget early so that it could be signed into law before December 31.

Senate President Godswill Akpabio restated the commitment of the 10th National Assembly to legislating on economic reforms that would bring more revenue to the national coffers for national survival.

The Senate President urged fellow senators to follow the dreams of their forebears in the development of the country.

He expressed the National Assembly’s commitment to an economy with double-digit gross domestic product (GDP) growth, greater food security, and one with a strengthened manufacturing base.

The organiser of the retreat and Director General of the National Institute for Legislative and Democratic Studies (NILDS),

Prof. Abubarkar Sulaiman, said the retreat would strengthen measures to deepen legislature–executive relationships and address issues of insecurity, which have hampered meaningful development in the country.

Atiku, Obi versus Tinubu: Legal fireworks on Monday.

Atiku, Obi versus Tinubu: Legal fireworks on Monday.
.....S’Court fixes hearing of appeal, bid by PDP candidate to submit CSU documents.
The Supreme Court will on Monday hear the appeals by Atiku Abubakar and Peter Obi challenging the affirmation of President Bola Ahmed Tinubu’s victory in the February 25 poll.
It will also hear the appeal by the Allied Peoples Movement (APM), as well as a motion by Atiku for leave to tender new evidence.

An October 19 hearing notice has been issued to the parties.

A seven-member panel of justices of the apex court will sit on the matter.

The Electoral Act prescribes a 60-day period between the verdict of the PEPC and the judgment of the Supreme Court. The PEPC delivered its verdict on September 6.

Atiku and the Peoples Democratic Party (PDP), Obi and Labour Party (LP) and ChiChi Ojei and the APM are challenging the September 6 consolidated judgment of the Presidential Election Petition Court (PEPC).

A few days to the February 25 Presidential election, the APM collapsed collapsed its structure into the PDP’s and adopted Atiku.

The tribunal dismissed the petitions challenging Tinubu’s victory for being unmeritorious and because the petitioners failed to prove their cases.

In their 35-ground appeal, Atiku and his party want the highest court to reverse the PEPC verdict.

Obi and his party filed a 51-ground appeal seeking similar reliefs.

APM, in its 10-ground appeal, seeks to void Tinubu’s election on the grounds that his running mate, Senator Kashim Shettima, was not validly nominated.

PDP and Atiku are contending that the judgment is against the weight of evidence.

The PEPC, they argued, “erred in law when it refused to uphold the mandatory electronic transmission of results for confirmation and verification of final results introduced by the Electoral Act 2022 for transparency and integrity of results in accordance with the principles of the Act”.

According to them, the Electoral Act introduced technology, particularly in the transmission and collation of results, to forestall manipulation and compromise.

In ground two, the appellants argued that the PEPC erred when, despite the clear provisions of enabling statutes, including the Constitution, the Electoral Act 2022, the Regulations and Guidelines for the Conduct of Elections and the Manual for Election Officials, it still proceeded to hold that the Bimodal Voter Accreditation System (BVAS) was not meant to be used to electronically transmit or transfer the results of the polling unit direct to the collation system.

They also faulted the PEPC for holding that the INEC Result Viewing portal (IRev) was not a collation system.

Clear doubts on CSU saga, Obi tells Tinubu
The appellants faulted the PEPC for holding that the requirement of electronic transmission of the result directly from the polling units to the INEC collation system is not an Electoral Act requirement.

They faulted the PEPC for failing “to nullify the presidential election held on 25th February 2023 on the ground of non-compliance with the Electoral Act 2022 when, by the evidence before the court, the first respondent (INEC) conducted the election based on very grave and gross misrepresentation, contrary to the principles of the Electoral Act 2022, based on the ‘doctrine of legitimate expectation.’”

The PDP and Atiku are also praying the Supreme Court to allow their appeal, set aside the judgment of the PEPC and grant the reliefs as contained in their petition.

The cases of Obi, LP, APM
Obi and the LP are praying the apex court to set aside the tribunal judgment and grant the reliefs in their petition.

They contended that the PEPC erred in law and occasioned a grave miscarriage of justice when they held that the onus was on them to prove that INEC failed to comply with the mandatory requirements of Sections 73(2) of the Electoral Act, 2022.

According to Obi and the LP, “the learned Justices of the court below erred in law and came to a perverse decision when they held that PW3, PW4, PW, PW6, PW7, PW8, PW9, PW10, PW11 and P’W13 were not witnesses of the court, but those of the appellants, who had paid fees for the issuance of the subpoena”.

They added the trial Justices erred in law when they held that Exhibit X2, a copy of the European Union Election Observation Mission Report, was certified by the Registry of the Court of Appeal and not by the Observation Mission, which is the custodian of the original copy.

The APM, in its appeal, is contending that the PEPC erred in law “when it wrongfully waved aside the allegation that Tinubu’s running mate and Vice President, Kashim Shettima, was nominated twice for different positions by the APC, in relation to the 2023 general elections.

The party is also contending that it was wrong for the PEPC to dismiss its case against Tinubu’s election on the premise that it was not only incompetent but contained pre-election issues.

It argued that sections 131 and 142 (1) of the 1999 Constitution, as amended, were inextricably linked “and neither can be confined as a pre-election matter, as these qualifications are condition precedents to being elected to the office of President.”

APM added: “The appellant’s petition was not one founded solely on nomination, but primarily that the third respondent (Tinubu) contested the presidential election without a lawful associate running as his Vice President.

“The withdrawal of (Mr. Ibrahim Masari), the fifth respondent and the expiry of the 14 days permissible for changing a withdrawn or dead candidate under Section 33 of the Electoral Act 2022 made the third respondent’s election and return invalid.”

APM argued that the PEPC abandoned its duty and jurisdiction of hearing and determining the question of whether President Tinubu and Vice President Shettima were validly elected under the law, given provisions of Section 239(1) of the 1999 Constitution, as amended.

The APM wants the highest court to hold that the PEPC focused on technical issues rather than determining whether Tinubu and Shettima were qualified.

Eric Ikhilae
Credit: The Nation Newspaper.

Federal Government, states to join forces in mining.

Federal Government, states to join forces in mining.

Federal Government and states have agreed to collaborate on mining, Minister of Solid Minerals Development Dr. Dele Alake said yesterday.
The two tiers of government also agreed to sanitise mining operations across the 36 states and resolve the challenges arising from issuances of cadastral licences. 

Also, there was an agreement that firms should revalidate their licenses at the Solid Affairs Ministry and register with the host governments.

According to them, mining activities should be organised for mutually beneficial gains.

The agreements were made at a two-hour meeting hosted by the minister in his office. 

At the meeting were Nigerian Governors’ Forum (NGF) Chairman AbdulRahman AbdulRazaq (Kwara State); Seyi Makinde (Oyo), who is the NGF Deputy Chairman and Mohammed Umar Bago (Niger).

The highlights of the discussion was the friction between the Federal Government and states over mining activities by the companies franchised by the Federal Government.

Some states have shut down mining sites and served the operators quit notices, following security breaches and other infractions.  

The minister and the governors told reporters that they had resolved to work together and remove obstacles to industrial peace in the mining sector.

The Federal Government is relying on the development of solid minerals (mining) and agriculture, among others, to diversify the economy from oil, which is its mainstay.  

On the ban imposed on mining activities in their domains, Bago said that states, as sub-national governments, took such decisions for security purposes.

The Niger governor said: “We are referring them back to the Ministry of Solid Minerals Development. For instance, a Chinese company was given license to mine Zuma rock, a national monument. Can any company in Nigeria or anywhere in the world go and mine the wall of China? It is not possible. So, this is our monument.

“We have come to consult with the Minister of Solid Minerals Development, Dr. Oladele Alake, to solicit collaboration. Let them (mining companies) go back to the ministry for revalidation. Then, come back to the states to register their presence.”

Alake reiterated his ministry’s commitment to sanity and provision of adequate security in the sector.

Why Nigeria needs a mining corporation now
Mining sector and Nigeria’s industrialization
He said: “As I have told the governors, we are re-jigging our security architecture nationally with the active collaboration of the states. And we will ensure that the objective is achieved at the end of the day.”

Also last night, the minister said the mandate given to him by President Bola Ahmed Tinubu is to make solid minerals a cash cow.

He unfolded plan to make the critical sector a significant contributor to the Gross Domestic Product (GDP).

Alake said the value of oil has fallen in the international market, adding that there is need for the government to seek alternative.

He spoke at a reception hosted in his honour by members of the Abuja chapter of Ikoro Progressive Association (IPA).

Alake said: “Oil is falling in the international market. So, we have no alternative but to diversify the economy. So, primarily, that is my duty to everybody in Nigeria. But we all come from somewhere anyway.

“And they say charity also begins at home. So, as much as the entire Nigeria is a carpet for which I’m responsible, I also must not forget my roots.”

Thanking the organisers of the crecrption, Alake added: “I am so excited because it is a momentous occasion for me. My kinsmen from Ikoro Ekiti, where I come from, are here gathered honouring and congratulating me for my appointment as minister by the president.

“So, when you are honoured at home, it is something that goes straight into your court, and it sticks very deeply to your heart. I’m very grateful to the community, the Oba, Kabiyesi, the chiefs and the IPA, Abuja branch that has put this together.

“It’s something of pride for me to be a member of this body. I’m very proud of Ekiti State, I’m proud of Nigeria in general. So, I’m very happy for what has happened here today.”

IPA Chairman Ayodele Adeyemi said a good road network is the major need of Ikoro-Ekiti.

Credit: The Nation Newspaper.

Federal Government to pay N500m fine on 4,000 inmates’ freedom.

Federal Government to pay N500m fine on 4,000 inmates’ freedom.
The Federal Government yesterday said it would settle their N500 million fines to regain their freedom.

Interior Minister Olubunmi Tunji-Ojo, who dropped the hint, said 4000 inmates would, in the next four weeks, be released from correctional facilities across the country.

The fines, the minister assured, would be cleared within the next four weeks.

The minister, who spoke on a monitored television programme, lamented that many inmates remained in custodial facilities because of their inability to pay the fines and penalties awarded against them.

Tunji-Ojo said: “The ministry, as well as other stakeholders are working round the clock to raise the money. Within in the next four weeks, the fines would be cleared and the inmates would be released.

“Immediately I resumed, I set up a committee to review the situation at our correctional centres. We discovered that over 4,000 inmates are in custody due to their inability to pay fines, which is about N500 million. We have gone far with private organisations to put this money together.

“I am sure that within the next four weeks, we will be able to pay these fines for the 4,000 inmates. This will help us in decongesting our custodial centres.”

The minister said the decongestion of the correctional facilities is not the sole responsibility of the ministry.

Tunji Ojo also said he had been discussing with the Attorney-General of the Federation, Lateef Fagbemi, (SAN) to address the challenge of awaiting trial inmates.

He added:  “The decongestion of our custodial centres is not the sole responsibility of the ministry. We are in talks with the AGF to see how cases can be expedited.  We have also activated the non-custodial centres to decongest the custodial centres.”

Credit: The Nation Newspaper.

Chinese firms, Fed Govt sign $6b pact on power, automobile.

Chinese firms, Fed Govt sign $6b pact on power, automobile.
Barely 24 hours after President Xi Jinping pledged his government’s commitment to funding more projects in Nigeria, some Chinese firms yesterday moved to pump $6 billion into Africa’s largest economy.
Three of the companies signed Memoranda of Understanding (MoU) with Nigeria to invest $2 billion in vehicle and technology while the others presented letters of intent to embark on $4 billion projects in the country.

The pacts and pledges took place on the sidelines of the ongoing 3rd Belt And Road Initiative (BRI), in Beijing, China.   

Vice President Kashim Shettima led the Federal Government team that comprised some ministers and other top government officials.

A statement yesterday by Shettima’s spokesman, Stanley Nkwocha, also said that Nigeria’s Ministry of Works signed an MoU with China Harbour Engineering Company Ltd for the construction of the Lekki Blue Seaport contract at the Lekki Free Trade Zone in Lagos.  

Nkwocha said that the National Agency for Science and Engineering Infrastructure (NASENI) signed the pacts with the three Chinese firms – Shangai Launch Automotive Technical Company Limited, China Great Wall Industry Corporation and Newway Power Technology Limited.

Shanghai Launch is to establish a new energy automobile facility in Nigeria “for the production of new energy electric vehicles” while China Great Wall will be into “turnkey delivery of Unmanned Aerial Vehicles (UAV) assembly line projects.”

Newway will be involved in “the transfer of technology on Lithium batteries, electric vehicles and allied technologies.”

The Chinese firms that presented Letters of Intent to pull together $4 billion in investments include TBEA (solar products); DongFeng Vehicles Co. (vehicle design and production) and HiLong Energy (CNG, LNG, methanol)

Others are Space Star Technology (drone technology transfer); ENRIC (clean energy utilisation technology); Hidier Group (development of new industrial park), China State Construction Company (building technology and materials); CIMC (natural gas infrastructure delivery); Value Platform International Services Ltd (vocational training) and Acadia Technologies (Shenzhen) Co. Ltd. (smart grids and microgrids).

Another segment of the event was a meeting the Vice President had with many communications, tech, railway, power and construction giants based in China.

The companies are: China National Electric Engineering Co. Ltd, China Civil Engineering Construction Corporation (CCECC), China Electronics Technology Group Corporation (CETC), China Railway Construction Corporation ( CRCC), China Communications Construction Co. Ltd (CCCC), HUAWEI Technologies, Senteng International Company Nigeria Limited, China National Electric Engineering Co. Ltd and Zhejiang Dahua Technology Co. Ltd.

Soon after the ceremonies, Shettima commended all stakeholders, saying that Nigeria has never been this ripe and ready for businesses to thrive.

He said with the “meticulous efforts” by the President Bola Ahmed Tinubu administration to ensure a level playing field for all investors, the coast was now clear for deepened economic and trade collaborations.

NASENI’s Executive Vice Chairman Khalil Halilu, said the manifestation of the agreements was a fulfillment of the agency’s commitments to boosting the Foreign Direct Investment drive of the Tinubu administration.

“This is a very important day for us at the National Agency for Science and Engineering Infrastructure because it is a day to show the results of some of the work that we have been doing in the last six weeks since I assumed the leadership of NASENI,” Halilu stated.

During the signing of the MoU on the construction of the Deep Blue Sea Port at the Lekki Free Trade Zone, Minister of Works, Dave Umahi, said the massive project was another indication that Nigeria still remained an industrial haven for many investors.China’s President Jinping at a meeting with Shettima on Wednesday, pledged that apart from refinancing two main rail projects, his country would invest in Nigeria’s power sector and digital economy.  

Credit: The Nation Newspaper.

Tinubu appoints Olusi as Bank of Industry CEO.

Tinubu appoints Olusi as Bank of Industry CEO.
President Bola Tinubu has appointed Dr Olasupo Olusi as the Managing Director of the Bank of Industry (BOI) for an initial term of four years.

According to a statement by Special Adviser to the President on Media and Publicity, Ajuri Ngelale, Olusi’s appointment followed the voluntary retirement of BOI’s immediate past Managing Director, Mr. Olukayode Pitan.

The President tasked the new BOI Boss to ensure fair and equitable access to all Nigerians operating in the industrial sector for it to be able to generate adequate jobs and wealth for Nigerians.

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“President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI) for a term of four (4) years in the first instance.

“The President’s approval of Dr. Olusi’s appointment follows the voluntary resignation of former BOI Managing Director and Chief Executive Officer, Mr. Olukayode Pitan.

“Dr. Olasupo Olusi has served as a World Bank economist and development finance expert over the past 20 years. Between 2011 and 2015, Dr. Olusi served as the economic adviser to then Coordinating Minister of the Economy and Minister of Finance. He is an alumnus of Hull University, United Kingdom. He also obtained a Masters degree in International Money, Finance, and Investment, as well as a Doctorate in Finance & Economics from Durham University, United Kingdom, in 2005.

“The President tasks the new BOI Chief Executive to ensure that Nigerians, who are operating all sizes of enterprises across sectors, are given fair and equitable access to much needed support in order to bolster employment generation and wealth creation amongst income groups in the country with special regard for lower and middle income enterprise operators,” the statement reads.

Olukoyede Resumes, Charts New Course for EFCC.

Olukoyede Resumes, Charts New Course for EFCC.

Newly appointed Executive Chairman of Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede  assumed office on Thursday, October 19, 2023 with clear-cut  agenda of re-positioning and re-focusing the Commission for optimal effectiveness.

The EFCC’s boss, who stepped into the corporate headquarters of the Commission at 10:45a.m, inspected a guard of honours and immediately went into a meeting with the management staff of the EFCC. At the meeting, where hand over notes were delivered to him by the former Acting Chairman of the EFCC, Mr. Abdulkarim Chukkol, Olukoyede warmed up to the staff and unfolded his agenda of reform and rejuvenation of the works of the Commission. 

The agenda revolves around clearer and robust pursuit of the mandate of the EFCC, creating atmosphere for transparency and accountability in governance, emphasizing preventive strategies in fighting corruption, total adherence to the rule of law and better welfare packages for staff of the Commission.

“We need to address the focus of our mandate. We should use the Commission to drive economic development. Why are we fighting crimes? It is for the system to thrive, for the economy to grow, for the society to get better. Therefore, our focus should be geared towards developing the nation for greater benefits”, he said.

On professionalism, the EFCC’s boss says that, “we are going to drive professionalism in discharging our duties in line with the rule of law. The rule of law is going to be our guiding light. We are going to drive EFCC to a place that when you see EFCC personnel, you will see a touch of professionalism. We are also going to be involved more in prevention, because it is better to save money for the government than to spend money in prosecution”.  

He particularly stressed the supremacy of the rule of law in the works of the Commission, pointing out that “the EFCC is a creation of the law. Its Act is a legal instrument.  This means that, all our activities should be in line with the rule of law. There is nothing we are going to do that will be at variance with the law”.
 He called on staff of the Commission to eschew dichotomies, narrowness and disloyalty to themselves, the EFCC and the nation, stressing that, the Commission is legally equipped to be at the forefront of fighting all shades of economic and financial crimes. He assured of a level playing field, equal opportunities for career progression and more rewarding welfare package. 

“My priority is to enhance staff welfare.  We will build on what we have done before and there are prospects that we will do better things for every staff of the Commission”. 

The Chairman also called for greater commitment to integrity, diligence, industry and visionary drives in the course of professionalism, promising that staff will be treated according to their level of resourcefulness.

Earlier, in his handover speech, former Acting Chairman, Abdulkareem Chukkol, appreciated members of staff and management for their support during his time in office, while congratulating the Chairman on his “well-deserved appointment”.

“Indeed, I found myself privileged to witness history as it unfolds into the new leadership that takes up the affairs of our great institution”, he said.  He particularly thanked President Bola Ahmed Tinubu for trusting him with the leadership of the EFCC in the four months he held sway as an Acting Chairman. “We are grateful to the President for picking one of us, someone who has invested time and intellect in building the Commission to lead us at this time. Being not new to the system, I have no doubt the Executive Chairman will do well”, he said. He urged Olukoyede “to strive to preserve and strengthen the reform and processes of the past few years that has brought some professional satisfaction to personnel of the Commission”.

The Chairman later took a facility tour of the corporate headquarters of the Commission.