NEWS AGENCY OF NIGERIA
New Perm. Sec. pledges to pursue Tinubu’s economic agenda

New Perm. Sec. pledges to pursue Tinubu’s economic agenda

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By Ismail Abdulaziz
The new Permanent Secretary of the Ministry of Industries, Trade and Investment, Amb. Nura Rimi, has pledged to pursue vigorously the economic transformation agenda of President Bola Tinubu.

Rimi, who gave the assurance when he assumed office in Abuja, also expressed determination to achieve Tinubu’s target of revamping the industrial and economic sectors of the country.

The new accounting officer, who took over from Mrs Evelyn Ngige, said he was willing to work with the National Assembly for effective service delivery.

He said that the Renewed Hope Agenda of President Bola Tinubu on economic reforms would only be achieved through collaboration with stakeholders in different sectors.

“We aim to pursue vigorously the economic transformation agenda of President Bola Ahmed Tinubu on revamping the industrial and economic sectors of the country.

“The ministry is key to the realisation of the cardinal policy framework of the present administration, and we will leave no stone unturned to make an effective implementation of this,” he said.

On the recent declaration by the House of Representatives Committee on Public Account for repayment of N75 billion COVID-19 fund, Rimi said the issue would be resolved.

He said that the ministry was making arrangements for a formal appearance before the Committee.

“I can assure the honourable house of our utmost respect and readiness to address the issue. We have reached out to the respected representatives, and I am sure something positive will come out of this engagement,” he said.

The News Agency of Nigeria (NAN) reports that Rimi was the former Ambassador to Egypt, Eritrea and Palestine before being recalled to become a Permanent Secretary by Tinubu.

Doris Uzoka-Anite is the current Minister of Industry, Trade and Investment, who was appointed by President Bola Tinubu in 2023.

The new Permanent Secretary applauded Uzoka-Anite for the excellent work she has started in repositioning the Ministry and pledged to galvanise the staff in effective and efficient service delivery.(NAN)
Edited by Isaac Aregbesola

School attacks will reduce in 2024- NSCDC

School attacks will reduce in 2024- NSCDC

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By Kelechi Ogunleye
Dr Ahmed Audi, Commandant-General (CG), Nigeria Security and Civil Defence Corps (NSCDC), says there are newly implemented security strategies to ensure that attacks on schools in Nigeria will reduce to the barest minimum.

Audi said while speaking with the News Agency of Nigeria (NAN) on Sunday in Abuja.

He said there were plans to tackle the attack on schools from the grassroots level.

“Part of our strategies is to actually concentrate on background issues that actually cause this asymmetric conflict as we plan to emphasise more on the non-kinetic approaches.

“This approach involves cautioning Nigerians, interactively engaging with community leaders, its members, school children and their teachers so that they will be aware as well as be able to identify suspicious movements.

“This will enable them to know when to call the attention of government as well as provide timely information so that together we will nip this problem in the bud; if you see something, say it,” Audi said.

The CG said because schools were classified as critical infrastructure, the corps was tasked to head the National Safe School Response Coordination Centre (NSSRCC) located at the NSCDC headquarters, Abuja.

“The centre, through the rapid response squad that was established nationwide, has averted over 48 attack attempts on schools nationwide,” CG said.

According to him, bandits have attacked schools, students, teachers and destroyed schools infrastructure to disorganise and cause very debilitating and devastating effect to the nation.

The helmsman said in view of this, the corps had decided to engage the Nigeria’s Governors Forum (NGF) during the first quarter, to sensitise them to the need to establish security response centres in their states.

“We want to express ourselves and tell them our concern by making them know the importance of having a state response centre for safer schools.

“We have already entered into discussion with state governments,” he said.

Audi further said some states – Benue, Nasarawa, Rivers, Kano amongst others, had responded in providing coordination centres to promote safer schools.

“For states that are yet to respond, I am sure that after the engagement they will respond because this is of national interest,” he said.(NAN)(www.nannews.ng)
Edited by Nkiru Ifeajuna/Idris Abdulrahman

S/Court verdict justifies our support for Tinubu/Shettima ticket – Shariah Council

S/Court verdict justifies our support for Tinubu/Shettima ticket – Shariah Council

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By Ismail Abdulaziz
The Supreme Council for Shariah in Nigeria (SCSN) says the recent Supreme Court verdict on election litigations has justified its support for President Bola Tinubu and Vice President Kashim Shettima during the 2023 general election.

The council said its support was anchored on promoting merit above other considerations, and to put Nigeria on the path of progress and development.

This is contained in a communique at the end of a two-day national conference of the council, on Thursday in Abuja.

The sharia council said that so far, the performance of the administration has made majority of patriotic Nigerians to now see through the false criticism of their ticket during the elections.

”Majority of Nigerians however saw the ticket as a progressive move which transcends religious sentiments and focused on political calculation that emphasizes merit over and above other considerations.

”The conference equally noted the post election litigations up to the apex court, confirm that majority of Nigerians have resolved to do away with all form of sentiments.

​”The council reiterated its commitment to its struggle and participation in the campaign in bringing about the President Bola Ahmed Tinubu led government.”

The communique was signed by the council’s President, Sheikh AbdurRasheed Hadiyatullah and Secretary General, Malam Nafi’u Baba-Ahmed.

It also expressed full support for the anti-corruption drive of the government and all its policies aimed at improving the welfare of Nigerians.

It advised Tinubu to ensure equity, justice and fairness in appointments and governance, adding that this would convince Nigerians about the sincerity of the administration towards improving their wellbeing.

​”Your watch words should be good governance through fair and equitable distribution of resources and ensuring that every citizen of Nigeria fears nothing about the two gentlemen coming from the same faith.”

On security, the council called for effective intelligence gathering and sustained offensive against terrorists and other criminals in the county.

It also advised the government to promote community-oriented policing, and foster trust between security forces and local communities to ensure the success of current efforts to restore peace in various parts of the country.

”The conference urged the Federal Government to promote dialogue and reconciliation among the citizens of this country with a view to enhancing effective communication between warring communities and contending interest groups, towards ensuring sustainable peace and development.”

The Shariah Council called for the review of the Constituion to give more powers to governors “to truely perform their duties as chief security officers of their states and nib insecurity in the bud at the grassroots”.

It condemned the killings, maiming and attacks across the country, calling for the perpetrators to be brought to justice to serve as deterrent to others.

The sharia council particularly urged the Federal Government “to launch full scale investigation and prosecution of those arrested on all cases leading to the killings around the country.”

It called for more policies to allevaite the plights of Nigerians through social safety nets, job creation, private sector growth and small business development.

The council expressed concern about the theft of children and changing their identities by criminal syndicates and urged relevant authourities to ensure justice for the victims and their families.

It said that the gross violation of the children’s rights must be brought to an end.

The council commended federal government for standing with citizens and refusing to succumb to the promotion of the LGBTQAI+ in Nigeria.

It said in addition to that effort, the government should place total ban on all ponographic social media channels and websites promoting pervasion and social vices.

​While urging Muslims to turn sincerely to Allah, the council called on Islamic clerics to maintain their leading roles as guiding lamps to the believers, and promote knowledge sharing and consensus opinion on important issues.

It further urged them to lead their followers in praying for the country’s leaders to have the courage and ability to deal with the current insecurity and economic hardships Nigerian citizens are facing.​(NAN)
Edited by Maharazu Ahmed

Tinubu, ‘A Tribe Called Judah’ and the power of creative economy

Tinubu, ‘A Tribe Called Judah’ and the power of creative economy

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By Temitope Ajayi
While extolling Funke Akindele, the Nollywood filmmaker for her recent box office accomplishment, President Bola Tinubu lauded the growing contribution of the Nigerian creative industry to the economic growth of the country. He acknowledged its pivotal place as, not just a medium for artistic expression but also a source of enormous soft power and viable cultural export.

In his effusive praise of the industry; creative ingenuity, and enterprising spirit of young Nigerians, President Tinubu said that, “the creative industry is one of the high-employment sectors, providing jobs for our able and talented youths. It is an industry that is crucial to my administration. I salute Nigerians for their enduring support and patronage of home-grown creative efforts. We will provide the conducive environment for the industry to thrive further.”

On the heels of that generous presidential endorsement, it is worthy to say that, regardless of what anyone says, Funke Akindele has cracked the code for successful Box Office run in Nigeria. Her films, till date, have remained the highest grossing in cinema runs in Nigeria’s film industry.

Her recent flick, ‘A Tribe Called Judah’, grossed over a billion Naira in revenue, a landmark of no mean feat. The interesting twist to this number is the fact that within a month, Akindele’s film grossed the unprecedented amount in a country with 91 cinemas and 303 screens.

For clearer understanding, available data shows that as at 2022, China has 65,000 cinema screens followed by United States (35,280), India (11,962) and UK (3,402). It is very easy to see the link between the number of screens and the material prosperity of Americans in hollywood and Indians in bollywood.

By comparison, English-speaking West African countries, including Nigeria, as at December 31, 2023, have 95 cinemas with 321 screens. Out of this number, Ghana has 4 cinemas with 18 screens.

For a country of Nigeria’s size and population, the third largest film producer in the world after United States and India, the paltry 303 screens reveal a huge opportunity for private sector investment, which the newly-created Ministry of Arts, Culture and Creative Economy is poised to drive.

Akindele’s ‘A Tribe Called Judah’, was watched by film lovers in 71 cinemas across Nigeria during the holiday season. Despite these limited screens, the title still raked in N1.3 billion as at January 10, according to promoters.

It was not only Akindele’s ATCJ that recorded massive box office hit. During the same period, Toyin Abraham’s film, ‘Malaika’ grossed over N250million, while ‘Ada Omo Daddy’ by Mercy Aigbe made over N140 million.

In series of well-deserved commendations for her extraordinary achievements, some of Funke Akindele’s colleagues in the movie industry showered encomiums on her for blazing the trail in box office revenue. United Kingdom-based Nigerian filmmaker, Obi Emelonye praised Funke and her team:

“First of all, let me congratulate Funke Akindele and her team, including my brother and friend JideKene Achufusi. What they have achieved with ‘A Tribe Called Judah’ is unprecedented in our history. I don’t want to get bogged down in the crass argument whether the N1 billon plus figure is inflated, padded or not. The important thing is that the film has galvanized Nigerian cinema audiences.

“And if we are arguing about the billion marks, which is double what the previous record is, then we are talking uncharted territory here. For that Funke and her team deserve respect and praise. Whichever way you look at it; it is great win for the industry that no one believed can make cinema work when we pioneered it 13 years ago. If Funke can do N1 billion with the number of cinemas in Nigeria today, just imagine the possibilities for our industry.”

Kunle Afolayan, award-winning Director and actor whose films are also known for their artistic and commercial success, attributed the runaway success of ‘A Tribe Called Judah’ to hard work.

“I congratulated her and the team when the film was released and encouraged people to watch it. She and her team really worked very hard with the promotion of the film,” Afolayan said.

Describing the recent commercial success of Nigerian films at the cinema as the ‘golden era’, Deputy Managing Director of Filmhouse Group, Moses Babatope noted in a statement, “We are witnessing a golden era for Nigerian cinema, and Funke Akindele’s ‘A Tribe Called Judah’ reaching the 1 billion Naira mark is an indication that the creative industry despite the stiff competition from international streaming platforms, our local content continues to thrive, engaging audiences on a grand scale.”

If nothing else, the revenue from the three movies that exhibited, during the yuletide, hints of huge potential for the industry. We can imagine what the industry can make with having, in Nigeria, just 1000 screens, not to talk of 3000 screens. The possibilities are truly huge for filmmakers and other players in the industry. This is apart from the multiplier effect on the economy.

With the right infrastructure; more collaboration among government; private sector players and the motion picture practitioners, Nigeria can actually produce billionaire and multimillionaire film makers and allied professionals like their counterparts in hollywood. Funke Akindele and some of her colleagues have shown us that this is possible.

President Bola Tinubu understands the immense economic potentials of creative industry as an enabler of wealth creation and growth driver. The current administration’s intense focus on the sector will significantly galvanize it as a major contributor to the nation’s Gross Domestic Product (GDP). The decision of President Tinubu to establish a full Ministry to superintend over the creative industry was not by happenstance. It was borne out of deliberate planning and critical evaluation of the socio-economic importance of the sector to national development.

The good news is that the Minister in charge of the sector, Hannatu Musawa, has the full support of President Tinubu to expand the capacity of the industry as one of the main enablers of economic growth. The Minister is passionate too about activating sustainable and enduring growth in the creative industry. At a recent industry stakeholders’ meeting with Vice President Kashim Shettima, where the Vice President revealed that the creative industry will benefit hugely from the $650million Investment in Digital and Creative Enterprises (I-DiCe) programme his office is supervising, an elated Musawa reinforced the Federal Government’s commitment to strengthen the sector and enable the professionals to achieve more.

“We want to create the conducive environment for you to operate in the way you need to,” Musawa declared.

From all indications, the hard work of our creative professionals, backed by a conducive environment and sound policies provided by the present administration will unleash glad tidings for the sector this year and beyond.

-Ajayi is Senior Special Assistant to the President on Media and Publicity

Tinubu pledges commitment to Niger Delta development

Tinubu pledges commitment to Niger Delta development

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Tinubu pledges commitment to Niger Delta development

Region
By Ismail Abdulaziz
President Bola Tinubu has pledged the administration’s commitment to the sustainable development of the Niger Delta.

Tinubu said this when he met with Mr Abubakar Momoh, the Minister of Niger Delta Development.

A statement by Osigwe Omo-Ikirodah, Special Assistant to the minister, in Abuja on Sunday, said the meeting centred on providing a comprehensive update on the ongoing activities and initiatives within the Niger Delta Development Ministry.

He said that the meeting was aimed at seeking the President’s support and commitment toward sustainable development of the Niger Delta.

“During the meeting, Momoh highlighted the vital projects and initiatives undertaken by the Ministry to uplift the socio-economic landscape of the region,” he said.

Omo-Ikirodah said that the minister presented a detailed overview of ongoing infrastructure projects, community development programmes and efforts to address environmental concerns in the Niger Delta.

He added that Tinubu expressed keen interest and appreciation for the Ministry’s endeavors, acknowledging the critical role the Niger Delta plays in the nation’s economic and social fabric.

The President commended Momoh for the progress made and the dedication exhibited in addressing the unique challenges faced by the region.

In a significant commitment to the development of the region, Tinubu pledged unwavering support and assistance to ensure the successful execution of projects and programmes that would bring about sustainable growth and improvement in the region.(NAN)
IS/ABI
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SUPA: the new frontier for shared prosperity

SUPA: the new frontier for shared prosperity

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SUPA: the new frontier for shared prosperity

By Temitope Ajayi

With the increasing demand for blue-collar workers in Europe, North America and Asia, the Federal Government, through the Industrial Training Fund, is now working to up the skills of artisans in Nigeria which, in turn, would boost the nation’s economy through skilled manpower and labour export.

Of recent, Denmark, Germany, UAE, Estonia, United Kingdom, Ireland and many other countries are introducing various Visa categories to attract artisans from Africa.

To boost the pool of local artisans with proficiency in in-demand skills, President Bola Tinubu has mandated the Industrial Training Fund (ITF) to retrain and ensure 20million artisans in Nigeria are properly certified over the next five years, so they can become competitive and be able to take full advantage of job openings locally and abroad.

The President also directed that the ugly trend of artisans from China, Philippines and neighbouring West African countries taking up jobs meant for artisans in Nigeria should be reversed.

In the last decade, many oil service companies and IOCs operating in Nigeria have struggled to get welders, plumbers, electricians, etc to work on their projects.

More disheartening, is that builders and construction firms in Nigeria have resulted into bringing in bricklayers, tilers, carpenters from Benin Republic, Mali, Togo, Ivory Coast to deliver on major projects.

As part of the Renewed Hope Agenda for inclusive and shared prosperity, a national framework, Skill-Up Artisans (SUPA) programme, has been designed to pivot a paradigm shift in technical know-how and service delivery for Nigerian artisans.

With SUPA initiative, the Federal Government through the Ministry of Industry, Trade & Investment and the Industrial Training Fund now has a coordinated programme to standardise and licence artisans. SUPA will equally address outdated and skills deficiency in artisanal practice in the country.

Speaking on the importance of upskilling artisans for national development, Director General of ITF, Afiz Oluwatoyin, explained that the initiative is aimed at ensuring Nigerian artisans can compete globally.

“In the past, Nigerian artisans have been operating like illiterates and low-level people. When you go outside, you find out that artisans are well regarded contributors to economic growth. In some countries, artisans earn more than professors and other white-collar workers.

“In countries like US and Europe, if you are not strong financially, you may not be able to pay them. They are well respected. When I came down here, I saw people from other countries taking up jobs. We dont want quackery in Nigeria. We want standout artisans that can stand up anywhere in the world and measure. We want to upgrade Nigerian artisans to international standard,” the ITF DG said.

At the moment, the Nigerian government is collaborating with Abu Dhabi for the supply of 14,000 qualified artisans to work in UAE. The overarching objective of the SUPA is to drive national development, ensure availability of skilled artisanal workforce for domestic industries and create a sustainable pipeline for labour export.

Ajayi is Senior Special Assistant to the President on Media and Publicity

As Tinubu moves to rev up economic recovery with consumer credit

As Tinubu moves to rev up economic recovery with consumer credit

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By Temitope Ajayi
As the new year 2024 begins with a positive outlook, Nigerians can look forward to a great and economically rewarding year as the Federal Government is set to launch a massive consumer credit system in the country.

While seeking the mandate of Nigerians during the last electioneering season, President Bola Tinubu was big and loud on the catalytic effect of consumer credit in driving economic recovery, growth and development, in boosting industrial production and as a strong weapon against corruption.

Long before he declared for the Presidency of Nigeria, President Tinubu had been a big advocate of consumer credit. He made it a key highlight of his remarks at the 2016 edition of the Bola Tinubu Colloquium in Lagos where he called out Chairman of Zenith Bank, Jim Ovia; his UBA counterpart, Tony Elumelu, and other bankers in attendance to begin to rethink consumer credit in Nigeria and charged them to develop good banking products in this regard.

In ‘Financialism: Water from Empty Well’, a book he co-authored with Brian Browne, several pages were devoted to how consumer credit can propel unprecedented growth and shared prosperity. To demonstrate his absolute commitment to achieving this objective and a major campaign promise clearly enunciated in his Renewed Hope Agenda for a better Nigeria, President Tinubu has set in motion the process to entrench consumer credit as one of the building blocks of a virile and productive economy.

Against this backdrop, the Presidential Council on Industrial Revitalisation, on December 20, 2023, just before the Christmas holiday, established a Technical Working Group to develop the needed framework to enhance consumer credit in Nigeria.

The Tinubu-led administration in the words of the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, recognises the importance of consumer credit and its linkage to market efficiencies.

“An efficient consumer credit system is a highly essential component of successful economies, as it works to improve market efficiencies and fill in gaps in consumption and productivity by providing consumers immediate access to credit, allowing them to purchase ahead of ability,” the Minister said.

At the inaugural meeting of the Technical Working Group on Consumer credit system that had other members including the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Minister of Communications and Digital Economy, Bosun Tijani, Uzoka-Anite lamented how the absence of consumer credit had shrunk the productive capacity of the economy and hampered financial inclusion.

“The absence of a well-structured consumer credit system has been a significant impediment to financial inclusion and economic prosperity,” the Minister of Industry, Trade and Investment declared.

Given the current state of the economy and the strong push by the government to revamp it, the setting up of the Technical Working Group by the Presidential Council on Industrial Revitalization can be said to be timely and strategic. The Technical Working Group among other things will draw up a working proposal and implementation method on how the country can achieve a viable institutional and regulatory framework that will significantly open up the consumer credit landscape.

According to Uzoka-Anite, Nigeria has numerous financial institutions and credit schemes, but many Nigerians still face substantial hurdles in accessing credit due to stringent eligibility criteria, high interest rates, identity-related challenges, fragmented data sources for proof of livelihood and financial worth, lack of awareness or understanding of credit processes, and inadequate credit available for lending. To make sure the agenda of President Tinubu is established on a solid ground and for seamless take-off of the credit scheme, the government has brought together various Ministries and agencies of government that have roles to play to work collaboratively for a successful execution.

The Technical Working Group draws its members from the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), National Identity Management Commission (NIMC), the National Insurance Commission (NAICOM), the National Institute of Credit Administration (NICA), the Federal Competition & Consumer Protection Commission (FCCPC) and the Bank of Industry (BOI) amongst others. It must be said that because of the importance attached to the scheme by President Tinubu, the TWG set for itself a five-month timeline to achieve its objectives. This means by May 2024, a comprehensive, life-changing and an all-encompassing consumer credit system will be launched.

Uzoka-Anite who is the Vice Chairman of the Presidential Council on Industrial Revitalisation spoke on the specific objectives and the tasks before her Committee to include: “increasing consumer credit uptake in Nigeria, enabling a sustainable credit system for the country in line with global best practices, and enhancing the supporting infrastructure (technology, data, financial institutions, global partners) to boost credit operations and equip players in the industry.”

In delivering on its core mandate, the TWG has adopted, according to the Vice Chairman, a holistic consultative approach that will draw on the experience, knowledge, and expertise of the credit ecosystem to understand the issues within the industry and define workable solutions to addressing them.

As he declared in his New Year National Broadcast, President Tinubu committed himself to removing every obstacle that impedes economic recovery and competitiveness of the business environment. In the new year speech, he also assured that his administration would race against time to deliver necessary reforms that will make life better for all Nigerians. This move by the government to recalibrate consumer credit system is one important reform that will give a new lease of life to Nigerians to be able to own the consumer goods they desire without the burden of having to pay all at once.

The strategy will also be calibrated to promote local industries and boost productivity among Nigerians towards achieving the lofty economic growth and development promises of the Tinubu administration, as Nigerians will be encouraged to patronise local goods and services. This way, the velocity of credit will be enhanced and the dreams of President Bola Ahmed Tinubu for the transformative power of credit and capital will be achieved.

-Ajayi is Senior Special Assistant to the President on Media & Publicity

Christmas: Foundation feeds 200 children, women in FCT

Christmas: Foundation feeds 200 children, women in FCT

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By Ibironke Ariyo

The Still Waters Foundation, an NGO, has organised a modest christmas celebration to feed more than 200 children and women living in Federal Capital Territory (FCT) Abuja.

During the celebration on Monday in Abuja, the Founder, Dr Femi Lanre-Oke, said that the event was in a bid to give the residents 6sense of belonging.

The News Agency of Nigeria (NAN) reports that the event, tagged: Project make someone smile, was held at the Zhigbodo slum, under Kuje Area Council, FCT, Abuja where hundreds of people gathered to benefit from the project.

Lanre-Oke said that the aim of the event was to give back to the society and especially the needy, poorest of the poor, less privileged, children and widows from the slum.

He said that the best way to teach love was to show love, saying that the foundation was practically teaching and exhibiting love, affection and empathy which would automatically become the template which the people would grow with.

He also said that the foundation was not receiving grants or funding from government bodies, but relied on donations from friends and family members, saying that empowering downtrodden children was something the foundation loved doing.

Lanre-Oke, who doubled as the Lead Pastor, Jesus Praise Evangelical Ministries International (JPEMI), added that the foundation, apart from empowering children and youths, also engaged in medical outreaches, skill acquisitions and gives start up packs to the less privileged.

The Cleric said that bringing the charity, especially this festive season to the slum, was necessary as the people there required more attention.

According to him, the event is to ensure children of Zhigbodo slum are not left behind in the widely-celebrated yuletide.

“We are celebrating Christmas with the children; we choose to reach out to the poor.

“We needed to do this because Jesus has commanded us to do so which means he commanded us to love one another.

“He asked us to feed him when he is hungry and that is what we did by feeding the people here today.

“We have showed love to the people today and also letting them know that Christ was born today and that means love all round, ” he said.

Lanre-Oke, however, called on other corporate organisations to extend such and give towards alleviating the poverty of the people in the riverine and slum communities in FCT and across the country.

Zhigbodo community Chief, Tiye Musa, commended the foundation’s initiative for celebrating in his community and extending love to them.

Musa called on other spirited individuals and NGOs to support the community with borehole water, building of hospitals and schools, adding that education was key to development.

“I am very glad to see people who love our community and decided to celebrate Christmas with us today.

“This foundation has made us very happy by celebrating with us today. It’s only God that can bless them and reward them, ” he said.

One of the children simply identified as Ezekiel, said it was like a dream come true as they hardly witnessed Christmas celebrations from organisations in the community.

Other beneficiaries of the outreach showered praise and prayers on the foundation.

Children who could not contain their joy came out from their shanties en masse to witness the feeling of Christmas.(NAN) (www.nannews.ng)

Edited by Idris Abdulrahman

Christmas Message from President Bola Tinubu

Christmas Message from President Bola Tinubu

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CHRISTMAS MESSAGE FROM THE PRESIDENT OF  THE FEDERAL REPUBLIC OF NIGERIA, HIS  EXCELLENCY BOLA AHMED TINUBU, GCFR.

Fellow Nigerians,

Christmas is a special time of the year for all of us. For  Christians, this time of the year marks the birth of Jesus  Christ and celebrates the hope and redemption that are the hallmarks of Christ’s life.

For people of all faiths, this is an opportunity to enjoy the company of family, celebrate life, and delight in the gifts of love and friendship that make life worthwhile.

This is also a time to look out for each other because,  amidst the festivities, this time of year for many will be tinged with sadness: some mourning the loss of loved ones and others grieving the hopes that failed to materialise and the dreams that fell short.

In the spirit of Christmas, reflecting the best of Christ, let us all endeavour to extend the warm embrace of kindness to those around us who need it and let the multiple acts of kindness serve as a light that guides us into a happy and wonderful new year.

This year has been a time of transformation and relentless change in our country. And I am aware that the necessary reforms we are implementing to achieve a more prosperous, peaceful nation for all have imposed unique sacrifices.

My administration will continue to implement palliative measures to ease the burden on the most vulnerable,  address current hardships and alleviate the suffering of all our nation’s people.

Fellow Nigerians, as we navigate this transition to stability, prosperity, and Renewed Hope, I urge you once more to hold fast and rest assured of my commitment to govern with vision, dedication, and empathy.

Be confident that by the strength of our joint endeavour, we will shortly emerge into a new dawn of prosperity,  peace, and irreversible progress.

As you celebrate this season, please spare a moment of remembrance and prayer for the men and women of our nation’s armed forces, bearing arms in our names and ensuring our safety. My God protect them and bring them back to their families.

And let us together commemorate the memory of those who, in their service, have paid the highest price for our nation. May God bless their souls and comfort their families and loved ones.

Let the light of Christmas guide our paths as we bring this year to a close and usher in the new year.

I wish you all a merry Christmas.

BOLA AHMED TINUBU
President, Federal Republic of Nigeria
December 24, 2023

Tinubu taking measures against reforms challenges – Onanuga

Tinubu taking measures against reforms challenges – Onanuga

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By Ismail Abdulaziz

President Bola Tinubu is already taking measures to address the challenges brought about by the bold reforms introduced by the administration in all sectors of the economy.

Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement on Saturday in Abuja, adding that more of such measures would be taken in 2024.

He said Tinubu had never shied away from acknowledging the temporary pains triggered by the reforms, stressing that proactive measures would continue to be taken.

‘’Many of these measures are already being taken and in the New Year, we expect the silver linings, that are at present understated, to blossom into rays of sunshine to be experienced by all Nigerians.

‘’The removal of fuel subsidy and the move to merge foreign exchange rates, two headline reforms introduced by the Tinubu administration since late May.

“(It’s caused by) problems such as high fuel prices and the depreciation of the Naira, two monstrosities which combined to cause a general spike in costs of services and goods,’’ Onanuga said.

He said that the latest NBS report put Nigeria’s inflation at 26.7 per cent in September, which rose to 28.2 per cent in November from 27.33 per cent in October, adding that food inflation remained untamed.

‘’The truth is that the new policies alone are not solely responsible for the economic problems we are facing today. We were destined for the tough and rough patch, where we are today because of the prevailing conditions before Tinubu took over on May 29.

‘’As at June 2023, budget deficit was N10.8 trillion. Actual debt service was 98.95 per cent of revenue, far higher than the projected 59.37 per cent.  Inflow into the country’s foreign reserve came in trickles.

‘’And so bad was the state of affairs that Nigeria could not remit about $800 million fund of foreign airlines. JP Morgan exposed our near insolvency by claiming in a report that our net foreign reserve was just about $3.7 billion, not the $33 billion plus flaunted by Emefiele’s CBN.

‘’President Tinubu, who promised during the campaign to take hard and difficult decisions, moved to tackle the economic problems from Day One, by first dispensing with the wasteful fuel subsidy that was billed to consume about N7trillion this year, five times more than what was provisioned for capital spending.’’

Onanuga said that the situation was, however, taking a positive turn with the NBS report of the third quarter of 2023, adding that the president was focussed on turning the economy round for growth, development and prosperity.

‘’In its third quarter report for the year, the NBS reported that GDP grew by 2.54 per cent. In a similar period in 2022, GDP recorded a growth of 2.25%. To demonstrate that the sun may be shining on us again, the 2.54% GDP growth recorded in Q3, was also higher than the 2.51% recorded in Q2.

‘’The service sector, made up of information and communication, financial and insurance, was responsible for the growth witnessed in Q3. It had a 3.99% growth, contributing 52.7% of the aggregate GDP. The agriculture sector declined from 1.34% growth in Q2 to 1.3% in Q3.

‘’Growth was also recorded in construction and real estate, metal ores (69.76%), coal mining (58.03%), chemical and pharmaceutical products (6.77%), cement (4.2%) and construction (3.89%).

‘’Oil reported a negative growth of 0.85%, a major improvement to the negative 22.67% recorded at the same period last year. It was 13.43% in Q2 of 2022.

‘’The improvement in the oil sector and its contribution to GDP has been attributed to the improvement in the security of oil infrastructure and operations, leading to increased production.’’

He said that there was a big jump in the volume of trade from N12.16 trillion in Q2 to N18.8 trillion, adding that trade volume in the Q2 of 2022 was N12.28 trillion.

‘’We also recorded a trade surplus of N1.89trillion in Q3, an increase from the N708.8 billion in Q2 2023. In Q3 in 2022, we recorded trade deficit of N409.39 billion.

‘’Value of exports in the third quarter was N10.35 trillion, far higher by 60.78 per cent than the N6.44 trillion posted in Q2 2023. Crude oil dominated the export, accounting for 82.5 per cent, a confirmation that our country is pumping out more oil for export unlike the previous years”. (NAN)(www.nannews.ng)

Edited by Rabiu Sani-Ali

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