Aiyedatiwa declares Thursday, Friday public holidays for Akeredolu’s burial.

Aiyedatiwa declares Thursday, Friday public holidays for Akeredolu’s burial.

The Ondo State Government has declared Thursday, February 22 and Friday, February 23, 2024, as public holidays to honour the late former governor, Mr Rotimi Akeredolu.

Akeredolu, who died on December 27 in a German hospital during a protracted illness, is scheduled to be buried on Friday in Owo, his home town.

According to a statement issued by the governor’s Chief Press Secretary, Mr Ebenezer Adeniyan, on Tuesday, the public holidays were declared to allow the people of the state to participate in the burial activities of the former governor.

The statement read in part, “The Ondo State Governor, Lucky Orimisan Aiyedatiwa, has declared Thursday, 22nd and Friday, 23rd of February 2024 as public holidays in the state. This is in honour of the former governor of the state, the late Arakunrin Oluwarotimi Odunayo Akeredolu, SAN, CON.

“The two work-free days will allow the people of the state to participate in the burial activities of the former governor.”

According to the statement, the burial activities which had started last Thursday, continued on Wednesday, February 21 with Ajabue (traditional rites) Owo.

It also includes the special court session in Court 1, Ondo State High Court headquarters, Akure while the lying-in-state and commendation service holds at the Akure Township Stadium.

The evening of tributes at St Andrews Church, Imola Street, Owo will hold in the evening on Wednesday.

On Thursday, February 22 there will be a Service of Songs at St Andrews Cathedral, Imola Street, Owo while Wake-Keep will be held at Maranatha Villa, Owo.

Candlelight Procession and World Gyration by the Kegites Club will hold at 8 pm till dawn

On Friday, February 23, funeral service will be held at St Andrews Church, Imola Street, Owo and interment will follow immediately after the burial service at the burial site, Owo.

Reception will holdat Mydas Hotel and Resort, Ikare Road, Owo by 1 pm.

Saturday, February 24, 2024 will feature Akeredolu Memorial friendly football match at Akure Township Stadium, Akure.

On Sunday, February 25, 2024, there will be a thanksgiving service at St Andrews Church, Imola Street, Owo.

Customs to begin distribution of seized food items — Spokesperson.

Customs to begin distribution of seized food items — Spokesperson.

The Nigeria Customs Service said it has concluded plans to commence the direct disposal of seized food items to Nigerians.

The National Public Relations Officer of the service, Abdullahi Maiwada, disclosed this in a statement released on Tuesday.

Maiwada said that the move was in response to the critical challenges of food security and the soaring cost of essential food items in the country.

He added that the items must be certified fit for consumption before they could be distributed to Nigerians.

Recall that hundreds of Nigerians in some states recently demonstrated against the soaring cost of living in the country. Nigeria is suffering an economic crisis and soaring prices have left many people struggling to afford food.

Maiwada said, “To alleviate the hardships faced by Nigerians and improve access to essential food items, the Nigeria Customs Service will facilitate the direct disposal of food items forfeited to the Federal Government

“These items would be certified fit for consumption by relevant agencies and made available to ordinary Nigerians nationwide through equitable distribution in our areas of operations.”

He explained that the modalities for the disposal would be communicated through NCS formations nationwide, “with a firm commitment to transparency, fairness, and public safety.”

“We pledge that this exercise would be managed diligently to ensure that the benefits reach those most in need,” he said.

The NCS spokesperson added that the service has launched a strategic anti-smuggling operation, “and public engagement in its commitment to prevent the unlawful exportation of vital food resources for individual economic gains.

“This urgent imperative fuels the need for a proactive stance to safeguard food availability within our nation and alleviate the detrimental effects of scarcity on citizens”, he said.

Earlier, the Comptroller General of Customs, Adewale Adeniyi, reaffirmed the service’s commitment to advance President Bola Tinubu’s food security agenda.

He said that the commitment was deeply rooted in the NCS’s core mandate of serving the best interests of the Nigerians, “thereby fostering economic stability and prosperity.”

“The NCS remains resolute in its dedication to safeguarding the nation’s food security and advancing the economic well-being of all Nigerians. With the unwavering support and cooperation of the public, we will surmount these challenges and pave the way for a more prosperous future for our beloved nation,” Adeniyi concluded.

Lagos flood impacts 151 houses – NEMA

Lagos flood impacts 151 houses – NEMA.

The early morning flood on Tuesday in Command and Ipaja communities in Lagos impacted about 151 houses. Mr Ibrahim Farinloye, Lagos Territorial Coordinator of the National Emergency Management Agency (NEMA) said this in a statement.

Farinloye said preliminary assessment in some communities affected by the rainfall showed that residents were evacuated from 23 houses at Oke Ishagun.

He said 35 houses were affected at Isale Aboru, 29 houses at Ikola Community and 15 houses at Olubodun Majiyagbe-Ajayi.

Also affected were 12 houses at Makinde Street, 16 houses at Olokowo Street, 21 houses at Adeola Street, among others.

Farinloye said NEMA was working with appropriate state MDAs to ameliorate the effect of the flood on residents.

He added that Lagos State had promised to make the state safer for residents.

Farinloye said Tuesday’s excessive rainfall and downpour earlier on Sunday were strong signals of what to expect with the outset of 2024 rainfall.

He said it was important to imbibe disaster risk reduction strategies.

“We must begin to adhere to safety measures against flood disasters.

“Thanks be to God that no live was lost and no one injured,” Farinloye said.

Meanwhile, Farinloye said the Director-General of NEMA, Alhaji Mustapha Habib Ahmed, appealed to Nigerians to start clearing their drainages and desilt them.

Ahmed urged Community Development Associations (CDAs) to be alive to their responsibility by coordinating the activities of neighbourhoods toward safer environments.

He appealed to Local Government authorities to sanction corporate organisations blocking drainages around their offices.

Read Also: Commuters stranded as flood takes over Lagos communities

He added that residents dumping refuse in drainages should be prosecuted for blockage of drainages, dumping of refuse in drainages as envisaged in environmental laws to save the society.

The director-general expressed his support to the Lagos State government for its bold decision after the 2023 rainy season when it pulled down structures obstructing drainages across the state.

He urged other state governments to emulate Lagos State by taking bold steps toward making the environment safer.

(NAN)

Fed Govt vows to audit N22.7tr Ways and Means.

Fed Govt vows to audit N22.7tr Ways and Means.

The federal government has resolved to audit the N22.7 trillion Ways and Means debt hanging on its neck. Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this disclosure at the ongoing Public Wealth Management Conference organized by the Ministry of Finance Incorporated (MoFI)

Edun: “There was an inherited amount, N22.7 trillion backlogs, we are auditing it, it’s like when I am ready to pay a loan at the bank I audit it I ask for an audit before agreeing on the sum to pay. But apart from that how do you close your ways and means gap, you get your revenue up, you get your expenditure down as much as possible” the finance minister said.

He noted that the Central Bank of Nigeria (CBN) has advocated for reducing and eventually eliminating the “ways and means” approach, which involves borrowing from the CBN to finance government expenses. To close the gap created by this practice, efforts are being made to increase revenue and reduce expenditure.

The administration of President Bola Ahmed Tinubu inherited the N22.7 trillion Ways and Means debt from past administrations. From 1999 to May 29, 2023, past governments had accessed the Ways and Means (overdraft from the CBN) to run the government. A substantial portion of the amount is alleged to be spent on paying civil servants’ salaries over the years.

Regarding revenue sources, Edun highlighted the importance of oil revenue and urged the Nigerian National Petroleum Corporation (NNPC) to increase oil production while cutting costs. Additionally, efforts are being made to improve revenue collection from government-owned enterprises and enhance the efficiency of tax collection through digitization and technology.

“We have used technology, digitization such that we have laid the foundation for a total revamp of federal government revenues and we expect the revenues to go up from what is due to government at the hands of other companies and enterprises will automatically now be deducted using digitization”.

Furthermore, the finance minister said there are plans to reform fiscal policies and tax systems to streamline processes, reduce taxes, and eliminate unnecessary levies and fees. This includes the introduction of an emergency intervention bill to rationalize taxes and improve revenue collection from both corporate sectors and individuals.

According to the minister, “the fiscal policy and tax reform committee is going to revolutionize and it’s going to announce very quickly through an emergency intervention bill, it’s going to rationalize taxes, take more nuisance value away from public sector, it’s going to reduce the tax value you have on a handful of items, all the levies and fees particularly the ones that are directly controlled by the federal will all be removed. On the revenue side, everything is being done to ensure that there are no leakages of revenue.”

On the expenditure side, measures are being implemented to reduce inefficiencies, eliminate duplications, and prevent leakages in government spending. This includes addressing issues such as duty waivers, tax incentives, and contract expenditures to ensure that government funds are utilized effectively.

Wale Edun said: “On the expenses side we are also implementing a robust expenditure framework that removes the leakages, removes the double counting, payment to people who are not supposed to be, whether it is from duty waiver or tax incentives or even expenditure of government on contract supplies etc so that both from the revenue on the debt side, there’s a change that is being implemented and results are already coming through and that is the way that the government will now get itself weaned off the ways and means which have long since played.”

Fed govt set to release 60,000MTs of food grains to stabilise prices.

Fed govt set to release 60,000MTs of food grains to stabilise prices.

The federal government has finalised plans to release an additional 60,000 metric tonnes of food grains to make food available and stabilize the price of foodstuff in the country.

Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this known in Abuja on Tuesday, February 20, at the Public Wealth Management Conference organised by the Ministry of Finance and the Ministry of Finance Incorporated (MoFI).

Edun, in his address, said that President Tinubu is committed to supporting the less fortunate during these challenging times.

He stated that President Tinubu had “previously released strategic grain reserves and is currently releasing 42,000 metric tonnes of food grains, with plans for an additional 60,000 tonnes”.

These measures, the minister said, are aimed at ensuring food availability and stabilizing prices, with the expectation that prices will eventually decrease. The priority is to ensure that food reaches the market and people’s tables, no matter the effort required.

According to Edun, “President Tinubu has always said he will not leave the poor, the vulnerable the weaker in society at times like this. He has previously released strategic grain reserves, he’s currently releasing 42,000 metric tonnes of food grains and he has a plan of releasing another 60,000 tonnes of food grains.

“This is in addition to measures to make sure that whatever is in the stores comes out at this important time and we expect food prices to stabilize and begin to fall in a reasonable period and in the meantime, everything that can be done to put food in the market, on the tables of people will be done no matter what it takes.”

The finance minister talked about the implementation of an executive order allowing the Ministry of Finance, through the Debt Management Office (DMO), to offer government-backed securities.

This initiative aims to restore confidence in the Naira and provide Nigerians, both within and outside the country, the option to save in dollars. By offering dollar-denominated securities, individuals can preserve their savings in dollars while demonstrating their commitment to Nigeria.

He also talked about the collaborative efforts between fiscal and monetary authorities to address economic challenges in Nigeria. He highlighted how the Ministry of Finance’s response, including debt management strategies, led to an increase in Treasury bill interest rates, resulting in improved dollar supply to the economy.

This cooperation between fiscal and monetary policies he said demonstrates a concerted effort to stabilize the economy, reduce inflation and interest rates, and attract both portfolio and foreign direct investments.

The chairman of the MOFI Board, Dr. Shamsudeen Usman, stated that MOFI will take a more active role in managing its assets from now on. He encouraged asset operators to view MOFI as partners, not competitors or regulators.

Usman also assured of MOFI’s commitment to high standards of corporate governance, including a policy to prevent conflicts of interest among staff.

The CEO of MOFI, Dr. Armstrong Takang, outlined MOFI’s renewed mandate, focusing on expectations from both the public and private sectors. He announced the launch of a N100 billion Project Preparation Fund aimed at improving the professionalism in managing public assets.

The goal, he said is to generate commercial value for the benefit of the people and enhance investor confidence in the assets’ operations and management.

Food security: Reps urge FG to urgently subsidise agriculture.

Food security: Reps urge FG to urgently subsidise agriculture.

The House of Representatives has urged the federal government to, as a matter of priority, consider subsidizing agriculture to revitalize the economy and improve food security in Nigeria.

The House mandated the Committees the Committee on Agricultural Production and Services, Privatization and Commercialization, and Public Assets, to investigate the privatization/concession of 22 out of 33 Government Silos for grain storage and other critical national assets in Nigeria.

The Committees are to report back within four weeks for further legislative action.

These resolutions followed the adoption of a motion titled “Need to Investigate the Privatization / Concession of Federal Government Silos in Nigeria” moved by Hon. Inuwa Garba.

The House noted that in September 2017, the federal government commenced the process of concessioning 22 out of its 33 silo complexes across the country to the private sector to ensure the availability of affordable grains across the country.

The House said it was cognizant of the need to scrutinize circumstances surrounding the privatization or concession of Government Silos for Grains Storage in the country considering the vital role these silos play in ensuring food security across the country.

The House said it was also cognizant of the need to investigate the entire process of privatization or concession, including the criteria used for the selection of private entities, transparency in the bidding process to ensure accountability in public administration, and upholding the principles of fairness and equity.

Reps seek probe of abandoned $38.7b power plant project in Delta.

Reps seek probe of abandoned $38.7b power plant project in Delta.

The House of Representatives has called for the investigation of the abandoned second phase of the $38.7 billion Nigerian National Petroleum Company Limited/Nigerian Agip Oil Company (NAOC) Joint Venture Okpai Independence Power Plant Project in Ndokwa East Local Government Area of Delta State.

The House mandated the Committee on Power to conduct a comprehensive investigation into the funding and contractors, which includes the Nigerian Agip Oil Company and Saipem Contracting Nigeria Limited, ascertain the impediments leading to the abandonment of the project, and report back within four weeks for further legislative action.

These resolutions followed the adoption of a motion sponsored by Hon. Nnamdi Ezechi during plenary on Tuesday, February 20.

The House noted that the Okpai Independent Power Plant project, a joint venture between the Nigerian Agip Oil Company (NAOC) and the Federal Government, received approval from the National Electricity Regulatory Commission (NERC) for the construction of phase two.

The House also noted that despite the substantial investment of $38.7 billion and the commencement of the second phase of the construction in November 2017, the project ended up being abandoned, resulting in the dilapidation of the critical Federal infrastructure.

The House said it was aware that the second phase of the project had reached approximately 90 percent completion before its abandonment by contractors Saipem Contracting Nigeria Limited (SCNL) and Nigerian Agip Oil Company (NAOC).

The House further noted that the project site is in a grave state of decay, with billions of Dollars’ worth of equipment and turbines unused, covered by grass, and taken over by shrubs.

The House was concerned that the abandonment of the Phase II project jeopardized significant investments and hampered an increase in electricity generation for the nation.

It was also concerned that there is ambiguity surrounding the project’s contract amount, casting doubt on accountability and transparency in its execution.

The House recognised the fact that the Nigeria Agip Oil Company (NAOC) and Saipem Contracting Nigeria Limited (SCNL) were involved in the award and execution of the project.

It was disturbed by the lack of advancement of the project and the need for government action to preserve this essential national resource.