NEWS AGENCY OF NIGERIA

Wike promises support to private investors in FCT

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By Philip Yatai

The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has pledged unflagging support to private investors in the territory.

Wike made the promise when he visited the Zeberced Limited Quarry, Kubwa, in Abuja on Saturday, to see what the company was doing.

The News Agency of Nigeria (NAN) reports that Zeberced Limited Quarry provides services in construction and quarrying of natural stones and asphalt.

The minister, who described the facility as the biggest quarry in West Africa, said that the investment was very important to the development of the territory.

He, however, pointed out that with such an enormous quarry, the cost of construction ought not to be very expensive, particularly in the FCT.

“Apart from equipment that are being imported for use in the quarry, the raw materials are available here in Abuja.

“I wonder why contractors will be talking about the cost of aggregate, as if gravels, asphalt and stones needed for construction are imported. They are not imported; they are produced here.

“It is really amazing that we have this kind of manufacturing going on here. I really want to encourage the company,” he said.

Wike also commended the company for employing more than 800 persons as workers in the quarry company.

He said: “This is the same company that is constructing the Abuja Technology Village located in Idu.

“We are going to give them all the necessary support. I am really encouraged by what I am seeing here.

“My only problem is environmental impact assessment, but the Managing Director of the company has explained that it is up to standard and that there is no problem.” (NAN)

Edited by Bashir Rabe Mani

FCT: Wike blames rising cost of housing accommodation on market forces

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By Philip Yatai

Mr Nyesom Wike, Minister of the Federal Capital Territory (FCT), has attributed the rising cost of housing accommodation in FCT to market forces.

Wike stated this in Abuja on Saturday when he visited Zeberced Limited Quarry, Kubwa-Abuja on Saturday, to see what the company was doing.

While responding to questions from journalists on what the FCT Administration was doing to address high rent for accommodation in Abuja, the minister noted that everything has increased in cost.

According to him, no government legislates on rents for houses, but market forces.

Wike said, “You are aware that everything has actually increased. The man who built the houses didn’t build that he will not make profit at the end of the day.

“I don’t agree with people always complaining about rent increases. There are increases in everything today. So, rent should not be singled out.

“You want us to make a law and say that a 2-bedroom flat should not be more than N50,000 or N100,000 for example. I don’t think that will encourage investors.

“We are not running a socialist or communist system; we are running a capitalist economy, and these are determined by market forces.”

The minister however added that the government could come in with some regulations, saying, “but cannot totally take over the housing processes.” (NAN)

Edited by Bashir Rabe Mnai

FCTA provides free medical services to 3,370 residents

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By Philip Yatai

The Federal Capital Territory Administration (FCTA), on Friday, provided free medical services to 3,370 residents of Abuja.

The services, provided under the FCTA’s “Renewed Hope Medical Mission” included health promotion, antenatal care (ANC), immunisation, HIV and diabetes screening and dental care.

Other services are hypertension screening and management, sickle cell disease and nutritional assessment, amongst others.

The FCT Minister of State, Dr Mariya Mahmoud, during the commencement of the medical outreach in Bwari Area Council, reiterated the FCTA’s commitment to meeting the health needs of the people.

Mahmoud noted that Nigeria was one of the African nations with high maternal and child morbidity and mortality.

She attributed the development to poor ANC attendance, low facility-based delivery, and low uptake of immunisation and family planning services, especially in hard-to-reach communities.

She also argued that rapid population growth in the FCT has increased demand for health services.

To address some of the challenges, the minister said that the FCT Administration had taken steps to improve primary health care system in the territory.

She particularly said that the administration was currently renovating, upgrading and building more primary health centres across the six area councils of  FCT, including employment of more healthcare workers.

FCT Minister of State, Dr Mariya Mahmoud (5th from left); Mandate Secretary, Health Services and Environment Secretariat, Dr Adedolapo Fasawe (6th) and other dignitaries during the FCT Administration’s free medical outreach in Bwari on Friday.

Earlier, the Mandate Secretary, Health Services and Environment Secretariat, Dr Adedolapo Fasawe, noted that despite improving access to quality healthcare services in FCT, many communities remained underserved.

Fasawe said that the free medical outreach was part of global best practices being used to provide targeted medical and surgical care to meet the health needs of the underserved and vulnerable populations.

“This strategy has been successfully adopted in many parts of Nigeria. It takes healthcare services directly to those who need it most, through mobile health service delivery,” she said.

The mandate secretary explained that the medical outreach was expanded to cover more communities following the successes recorded in a similar exercise held in Kuje Area Council.

She said: “We attended to 1,578 general outpatients, with 42 referred to Wuse and Asokoro Hospitals for surgery.

“Dental services were provided to 302 patients, including 45 extractions, 12 dentures, and five operculectomia, with 48 referrals to Wuse Hospital.

“For eye care, we saw 931 patients, provided reading glasses to 531 patients, and made 91 referrals to Asokoro Hospital, where 29 cataract extractions have been completed.

“Antenatal care was also provided to 74 women, with 49 enrolled in health insurance.” (NAN)

Edited by Abiemwense Moru

NG-CARES disburses N625bn to 36 states in 3 years

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By Amina Ahmed

The Nigeria COVID-19 Action, Recovery and Economic Stimulus (NG-CARES), says it has disbursed N625 billion to the 36 states since inception of the programme.

The National Coordinator, NG-CARES, Dr Abdulkarim Obaje, stated this during the peer learning and experience sharing exercise, on Thursday in Bauchi.

NG-CARES is being implemented by the Federal Government in collaboration with the World Bank and the 36 state governments, to mitigate the negative social and economic impacts occasioned by the COVID-19 pandemic.

It also aimed at addressing other shocks through the provision of grants and basic social infrastructure services to poor and vulnerable communities.

Obaje described NG-CARES as one of the most successful World Bank’s intervention assisting more than 5.3 million poor and vulnerable Nigerians.

He said the programme had been restructured to accommodate victims of flood and other related shocks.

Mrs Elizabeth Egharebwa, Chairman, Federal CARES Technical Committee, said the programme had been working with communities and agencies to alleviate burdens of the poor and vulnerable Nigerians in the last three years.

She was represented by Adamu Gizos, Director Special Duties and Projects, Federal Ministry of Labour.

Egharebwa, who is also the Director, Economic Growth, Federal Ministry of Budget and Economic Planning, said that: ”while we are proud of what we have accomplished thus far, we know there is still much work to be done.

”That is why this peer learning event is so critical. By convening diverse perspectives and experiences, we can collectively identify solutions to the complex challenges we face.”

Also speaking, Mr AbdulAzeez Olorunshola, represtative of the Nigeria Governors’ Forum (NGF), said the exercise was designed to encourage sustainable collaboration between the states.

This, he said, would ensure better understanding for effective peer learning methods among the states
Gov. Bala Mohammed, lauded the NG-CARES over its food security, small businesses and social intervention programmes.

Represented by Prof. Simon Yalams, the Commissioner for Agriculture and Food Security, Mohammed said the intervention encouraged application of Information Communications Technology (ICT) in the provision of infrastructure and basic services to the people.

He urged the people to protect and ensure effective utilisation of the facilities provided in their communities for sustainable social and economic development in the country.

“The peer learning and experience sharing exercise is coming at a time when the phase one cycle of the programme is about to terminate.

”This will therefore provide an avenue for participants to articulate and consolidate all the strategies, techniques and skills applied and used in the implementation of the programme in the country.

”The lessons learnt would serve as a guide in the conception of development of future programmes, especially the 2.0 whose concept and framework has almost been developed,” he said.(NAN)(www.nannews.ng)

Edited by Rabiu Sani-Ali

Wike signs MoU with Chinese companies on electricity, water supply

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By Philip Yatai

The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has signed a Memorandum of Understanding (MoU) with two Chinese corporations to improve electricity and water supply in the territory.

Wike disclosed this in a statement signed by Mr Anthony Ogunleye, Director of Press, Office of the Minister, issued in Abuja on Sunday.

The minister said that the MoU was signed in Beijing, China, on Saturday, with the China Civil Engineering Construction Corporation (CCECC) and the China Geo-Engineering Corporation Overseas Construction (CGCOC) Group.

He said that the MoU was signed on the sideline of President Bola Tinubu’s visit to China, to attend the Asian country’s Summit of the Forum on China-Africa Cooperation (FOCAC), held in Beijing.

He disclosed that Tinubu pushed for the projects at the summit, as part of his agenda to renew the hope of Abuja residents on the government, through execution of people-oriented projects.

Wike assured that the projects would be completed in 2025 and would be inaugurated as parts of activities to celebrate FCT’s 50 Anniversary.

On electricity, Wike said: “One key project which is very dear to us and one of the reasons why we are here today is to light up Abuja.

“We want Abuja to be like other cities, like what we see in Beijing. We have gone round, and we have seen light everywhere; that is how we want Abuja to be.

“Therefore, the whole area of Maitama; the whole area of Asokoro, Wuse, Central Business District, and Airport Road, down to Bill Clinton Drive will be handled by CCECC, while CGCOC Group would handle the districts of Mabushi, Katampe and Garki.

From Left: Chairman, CGCOC Group, Mr Lan Meizhong; FCT Minister, Mr Nyesom Wike signing an MOU in Beijing, for the provision of water to rural areas in the FCT, while Executive Director, FCT Rural Water and Sanitation Agency RUWASA, Dr Mohamed Dan Hassan looks on.

“On the need to equally ensure water supply in the satellite areas of the FCT, we are keeping up with the idea that there is a need to have satellite town water supply in Gwagwalada, Kwali and Kuje as directed by Tinubu.

“We have now signed the MoU with CGCOC Group for them to carry out this assignment.”

Wike further said that the Greater Abuja Water Works, being handled by CGCOC Group, had reached 75 per cent completion and expressed confidence that it would be completed in December 2024.

While thanking Tinubu for granting the FCT Administration approval for the projects, the Minister urged the CGCOC Group to ensure quick delivery of the project.

This, according to him, would ensure that water supply in satellite towns becomes a reality.

In their separate remarks, the President of CCECC, Mr Chen Sichang and the Chairman of CGCOC Group, Mr Lan Meizhong, thanked Wike for the confidence bestowed on the companies to deliver the projects.

They assured the minister of quality and timely delivery of the projects.

On the Minister’s entourage were the Permanent Secretary, Treasury, Alhaji Adamu Wanki; Executive Director, Rural Water and Sanitation Agency, Dr Mohammed Dan Hassan; Director of Procurement, Alhaji Musa Idris; and other senior officials of the FCTA. (NAN)

Edited by Benson Iziama and Abiemwense moru

Lottery Trust Fund seeks partnership with NAN on publicity

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By Yahaya Isah/Collins Yakubu-Hammer

The National Lottery Trust Fund (NLTF) has sought for partnership with the News Agency of Nigeria (NAN) on the effective coverage of its activities in its quest to deliver on its mandate.

The Executive Secretary of the fund, Mr Tosin Adeyanju, made the request when he led the management team on a courtesy visit to the Managing Director of NAN, on Friday in Abuja.

According to him, the mandate of NLTF is to intervene on good causes such as education, sports, water, disaster management, as well as vulnerable Nigerians.

“We have intervened in several causes in over 365 projects by impacting lives across the country.

“Since I came on board, we have continued the drive to make sure that we intervene in critical sectors of the country, and support the “renewed hope agenda” of President Bola Tinubu.

“Therefore, we need the cooperation of NAN to drive home all our interventions and activities across the country,” he said.

The Managing Director of News Agency of Nigeria (NAN), Malam Ali Muhammad Ali (right) presenting plaque to the Executive Secretary, National Lottery Trust Fund, Mr Tosin Adeyanju, on Friday in Abuja.

Adeyanju said that there was practically no alternative to NAN in terms of coverage and publicity, because of the agency’s reach and presence globally.

“So, we deemed it necessary to be here to partner with you on areas that have to do with good courses,’’ he said.

He further said that with such collaboration, people would feel the positive impact of what the government had done so far and still doing.

While noting the significance of information, Adeyanju said that a lot had been done by Tinubu that was under reported, hence the need to partner with NAN for adequate reportage.

He expressed confidence that the partnership would go a long way to impact positively on the activities of NLTF.

Responding, the Managing Director of NAN, Malam Ali M. Ali, said that NAN prides itself as the biggest news content provider on the continent of Africa.

“We have over 500 reporters spread across the country, and beyond. We have offices in some selected African countries, and even in Europe.

“Right now, we are the only resident news agency or wire service from the West African coast in the UN.

“We also have offices in South Africa, Abidjan, Addis Abba, and some other places.

“So, with a work force like this, we welcome the partnership. Your people and my people will sit down and discuss how we can partner for better,’’ Ali said.

The NAN boss also highlighted other services rendered by the agency with the recent being the introduction of Hausa News portal while that of Yoruba and Igbo would follow shortly.

“For instance, we have started the news portal in Hausa language, being one of the three major languages in Nigeria; so the next will be Yoruba and Igbo languages in that order,” he said.

Ali explained that all these efforts were geared toward ensuring that activities of the Federal Government were properly covered.

“Your request for partnership is a welcome development, and we wish you a successful tenure in office,’’ he said. (NAN) (www.nannews.ng)

Edited by Kadiri Abdulrahman

Flood: NEMA raises alert of possible hazards in 7 states

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By Philomina Attah

The National Emergency Management Agency (NEMA) has advised states in the central and southern parts of the country to prepare for potential floods that would soon affect downstream communities.

The states, according to NEMA, include Benue, Kogi, Anambra, Delta, Imo, Rivers, and Bayelsa.

NEMA’s Director-General, Mrs Zubaida Umar, disclosed this in a statement by the Head of Press Unit, Mr Manzo Ezekiel, in Abuja.

She said that the alert followed the recent flood that impacted many communities across some states and the rising water levels in River Benue and River Niger.

“The advice has become imperative to activate the state, local government authorities and communities to take necessary actions to mitigate against the risk of flooding.

“It is also important to avoid the scale of losses recorded so far in areas that have been impacted.

“Such areas have suffered misfortune including loss of lives, displacement of communities, and significant damage to property and infrastructures,” Umar said.

She listed some of the actions to be taken to include immediate clearing of blocked drainages, constructing temporary flood barriers, and evacuating from flood plains to safe higher grounds.

The D-G advised communities to stay informed through weather updates and flood warnings from the Nigerian Meteorological Agency (NiMet) and the Nigeria Hydrological Services Agency (NIHSA).

“Residents are advised to avoid crossing flooded areas, relocate from flood-prone zones, and cooperate with local emergency services,” she said.

Umar said that NEMA was working closely with state emergency management agencies and other relevant stakeholders to ensure that necessary support, including rescue and relief operations, were available to affected communities.

She said that the  collaboration with  relevant  stakeholders was through the National Emergency Operations Centre situated in the agency’s headquarters.

She emphasised the importance of early action and community vigilance.

“We urge all residents, especially in vulnerable areas, to heed our warnings and take immediate preventive measures to safeguard lives and property.

“Preparedness is key to reducing the impact of flooding,” Umar said. (NAN)

Edited by Kadiri Abdulrahman

FCT Fadama CARES distributes agric. inputs to 9,170 farmers

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By Philip Yatai

The Federal Capital Territory (FCT), has distributed agricultural inputs as grants, to 9,170 beneficiaries, under the FCT Fadama CARES programme, within one year of President Bola Tinubu-led administration.

The FCT Minister of State, Dr Mariya Mahmoud, disclosed this while inaugurating the distribution of the grant to the fourth batch of 6,020 beneficiaries in Gwagwalada on Thursday.

The News Agency of Nigeria (NAN) reports that some of the inputs distributed included fertilisers, seeds, agrochemicals, sprayers and personal protective equipment for crop farmers.

Also distributed were day old chicks and feeds to poultry farmers; juvenile fish and feeds for fish farmers; goats for livestock farmers and grinding machines for women agriculture products processors.

Mahmoud explained that 3,150 farmers had benefited in the third phase in December 2023, to support dry season farming, bringing the total number of beneficiaries to 9,170 in one year.

This, according to her, represents a 216 per cent achievement when compared with the disbursement of the grant to 4,233 beneficiaries in about two years, prior to Tinubu administration.

She said that the FCT Fadama CARES programme, under the Work Bank-supported Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), was designed to increase food security and safe functioning of the food supply chain in the FCT.

“The programme is deliberately designed to support the recovery of livelihood activities of poor and vulnerable persons engaged in agricultural value chains, with special consideration to women and unemployed youths.

“Its implementation will be anchored on the World Bank community driven development approach for deployment of programme investments at the community level,” she said.

The minister described the programme as a significant indicator of the unflinching commitment of President Tinubu, towards ensuring sustainable food production through his administration’s Renewed Hope Agenda.

She added that the FCT Minister, Mr Nyesom Wike-led FCT Administration, had committed significant resources towards ensuring sustainable agriculture production in line with the vision of Tinubu.

This, according to her, is a panacea for poverty reduction and improvement of livelihoods for poor and vulnerable agricultural households in the FCT, through the FCT Fadama CARES programme.

“This, indeed, is a clear indication of our administration’s commitment towards ensuring sustainable agricultural production for the attainment of food and nutritional security, poverty reduction and improved livelihoods.”

Mahmoud also disclosed that the FCTA Agriculture and Rural Development Secretariat was leveraging the Fadama CARES programme to provide starter packs to 94 trainees of FCT – Leventis Foundation School of Agriculture, Yaba, for years 2022 and 2023.

“This is part of the youth empowerment component of the Fadama CARES programme, to enable the trainees to put into practice what they studied in school,” she explained.

Some of the agricultural inputs distributed to FCT farmers under the Fadama CARES programme in Gwagwalada on Thursday.

On his part, Mr Lawan Geidam, the Mandate Secretary, Agriculture and Rural Development Secretariat, explained that the 6,020 beneficiaries, under the fourth batch, were selected from 82 farming community associations across the six area councils of the FCT.

Geidam identified the inputs disbursed within the year as 12,436 bags of NPK and 6218 bags of Urea fertiliser, 18,654 litres of agro chemicals, and 43,526 kg of assorted seeds, under Disbursement Linked Indicator (DLI) 2.1.

Other inputs, he said, included 55,400 day old chicks, 7,756 bags of poultry feed, 81,800 juvenile (catfish) fish and 2,045 bags of fish feed.

He further identified the inputs disbursed under DLI 2.3, as 3690 goats, 3,212 sets of farm assets, such as sprayers, personal protective equipment, and water pumps and accessories.

Others, according to him, are 1006 grinding machines and 22 units of 2MT/hour multipurpose threshers, while water and sanitation facilities have been provided in 10 wet markets across the six area councils. (NAN)

Abiemwense Moru

 

COREN inaugurates council to bridge engineering gap, enhance workforce skills

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By Angela Atabo

The Council for the Regulation of Engineering in Nigeria (COREN), has inaugurated the Sector Skills Council for Engineering (SSC4E) to  bridge engineering gaps and enhance workforce skills in Nigeria.

Ms Abiola Arogundade, Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education, inaugurated the council at the 32nd COREN Engineering Family Forum in Abuja.

Arogundade, represented by Prof Idris Bugaje, Executive Secretary, National Board for Technical Education (NBTE), said that with the inauguration, the SSC4E had joined 19 others in the Nigerian skills ecosystem.

“The SSCs under the Nigerian Skills Qualification Framework (NSQF) are industry-led and are assigned the responsibility to identify the skill gaps in our industries.

“They are to develop occupational standards, ensure quality assurance and issue certification for those skills through the awarding body.

“The Chair of the Sector Skill Council for Engineering has been accepted graciously by the Nigerian Academy of Engineering (NAE),  while COREN is the Awarding Body.

“The SSC shall promote the Nigerian Skills Qualification (NSQ), which has nine levels as approved by the National Council on Skills,” he said.

Arogundade said that the greatest challenge facing the SSC4E was repositioning the pyramid of the cadres of engineering.

“That is why we are today importing skilled artisans from Benin and Togo in the construction industry, Chinese artisans in railway expansion, Indian technicians and artisans in the celebrated Dangote refinery.

“If care is not taken, history will repeat itself when it comes to the Mambilla Power Project, and the Trans African Gas Pipeline to deliver Nigerian Natural Gas to Europe,” she  said.

She urged  the SSC4E to also  engage the informal sector and formalise the training.

She added that Nigeria’s economy is 75 per cent informal and thus can not be ignored.

“Panteka in Kaduna, Ariaria shoe market in Aba, Computer Village in Ikeja, Kofar Ruwa Market in Kano, Apo Mechanic Village in Abuja, the road-side welders all over the country are typical examples.

“They are individually offering massive training to youths informally.

“By engaging them, we can standardise the training, offer them NSQ certification, train the Master Craftsmen as Quality Assurance Assessors, and eventually COREN could licence those with NSQ to operate.

“These licensed artisans can be deployed into national infrastructure projects instead of importing labour from ECOWAS or Asia, “she said.

Prof. Sadiq Abubakar, President and Chairman of the Council, said that the key roles and responsibilities of the SSC4E was provided for in the National Skills Qualification Framework approved by the Federal Executive Council.

He said that these included  identifying skill development needs and cataloguing skill  ,addressing the skills gap and promoting the development of a highly skilled and competent workforce.

He said SSC4E is expected to develop occupational standards in the trade areas levels one to five covering the different engineering trades/services/consulting/repairs and maintenance, ventoring, fabrication.

Abubakar said that SSC4E would  facilitate the development of industry-driven training programmes and  develop a comprehensive plan to upskill and train the teeming artisans in the engineering endeavours.

He reiterated COREN’s commitment to working with the SSC4E to facilitate the development of a comprehensive training and certification program.

This, he said, would  address the specific needs of engineering artisans in the relevant sectors of the economy.

Edited by Kadiri Abdulrahman

Shettima advocates strong alliance to end poverty, improve lives of Nigerians

133 total views today

By Salisu Sani-Idris

Vice-President Kashim Shettima has called for a formidable alliance among key players in governance to wriggle Nigerians out of poverty and enhance the quality of lives of all citizens.

Shettima spoke on Wednesday during the 144th meeting of the National Economic Council (NEC) held at the Presidential Villa, Abuja.

He also emphasised the need for those in the business of governance to collaborate to create an environment where every Nigerians have the opportunity to thrive.

Shettima, however, acknowledged that Nigerians are in urgent need of quick and impactful measures, which President Bola Tinubu was solving through the implementations of long-term solutions.

“Our commitment to alleviating poverty and enhancing the quality of life for all Nigerians will never materialize if we do not align with one another.

” We must strive to create an environment where every Nigerian has the opportunity to thrive.

“This includes not only addressing immediate needs but also building sustainable systems that empower our citizens to become self-reliant and prosperous.”

He commended the efforts of development partners, particularly the co-chairman of Bill & Melinda Gates Foundation, Mr Bill Gates.

He also applauded the Chairman of Dangote Group of Companies, Alhaji Aliko Dangote, who were at the NEC meeting.

He described Dangote and Gates as “two distinguished individuals whose commitment to Nigeria’s progress is unparalleled”.

He said that the two have invested enormous resources into the welfare of Nigerians, spanning critical areas such as health, nutrition, agriculture, and education.

” Their philanthropy is not seasonal but a steadfast commitment that continues to shape our nation’s future.

” We did not survive the lowest points of our journey as a nation by the proactivity of the government alone; we did so because we remained partners in rain and sunshine.

“So, permit me to once again extend the nation’s deepest gratitude to our guests, whose empathy has always shone through whenever they are needed.

” Mr Gates, in particular, has been a steadfast friend of Nigeria, contributing immensely to our nation’s inclusive economic growth and the well-being of our people in both tumult and tranquility.

” The Bill & Melinda Gates Foundation has recently approved a significant investment—the Nigeria Cassava Investment Accelerator (NCIA).

” This initiative, championed by my office and hosted by the Lagos Business School in partnership with the Boston Consulting Group, sets out to revolutionize our cassava industry, an essential pillar of our economy and food security.”

Shettima described sub-nationals in the federation as stakeholders in redefining the future of Nigeria.

” We are gathered here because none of us can fulfill the goals of guaranteeing the survival of our people in isolation.

” Whether by expanding access to quality education, improving healthcare, or offering skills training and job opportunities, it is clear that each one of us has the power to influence policy and decisions at various levels.

” Our success relies on recognizing the socio-economic threats that have pulled us down the development index and, more importantly, on our resolve to walk the talk.”

Shettima expressed delight with the efforts and reforms made so far by state governors to boost agriculture.

” However, we must not overlook the state of nutrition in our nation, which has led to stunting and other health challenges.

” This is a crisis that demands our unified attention and action. The future of this nation hinges on the health and well-being of our children,” he added.

On his part, Mr Gates reiterated his bet on the incredible potential of Nigerians, noting that “Nigeria’s economic leaders have done some difficult, but necessary things, like unifying the exchange rate.

“The next great hurdle is raising revenue. I understand this is a politically sensitive area where Nigerians are struggling. Incomes have fallen.

” Prices have soared. And like in many other countries, people are protesting.”

He described Tinubu’s Renewed Hope agenda as ambitious.

Gate, however, said the Nigerian leader has assembled a cabinet ready to meet the challenge, adding that “with limited resources, putting the funds to the best possible use is key”.

The News Agency of Nigeria (NAN) reports that Accountant General of the Federation provided the council with an update on the Excess Crude Account.

According to him, the account currently stands at $473,754.57, the Natural Resources Fund has a balance of N3,451,078,538.57, and the Stabilisation Account holds N33,875,398,389.75. (https://www.nannews.ng)(NAN)

Edited by Ismail Abdulaziz

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