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Senate moves to put in place legal frame work for national social security

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Senate Delegation to visit Ekweremadu in UK

Senate moves to put in place legal frame work for national social security

***As national social security commission. Bill scales 2nd reading

Hope came alive on Wednesday for vulnerable Nigerians as a bill seeking to empower them with social security benefits has passed Second Reading in the Senate.

Sponsored by the Deputy President of the Senate, Senator Ovie Omo-Agege, the bill seeks to establish the National Social Security Commission (NASSCOM) that would regulate, manage and administer social security benefits to eligible Nigeria.

Titled: ‘Nigerian Social Security Commission (Establishment, etc.) Bill, 2022 (SB 899)’, the proposed legislation will provide safety net for poor, weak and vulnerable Nigerians.

Senator Omo-Agege in his lead debate explained that out of the nine domains listed in the Social Security (Minimum Standards) Convention, 1952 (No. 102) of the International Labour Organisation (ILO) which Nigeria is a signatory to, only employment injury benefit is statutorily covered in the country.

He pointed out that when passed into law, Nigerians with several medical conditions, those incapacitated to work, unemployed citizens, senior citizens (70 years and above), families who have lost their breadwinners, widows incapable of self-support among others, will receive periodic social security benefits from the Commission.

He added that the National Social Security Commission (NASSCOM) bill aims to reduce poverty by providing a strong social safety net for vulnerable groups and serve as a model of governance reform anchored on the principles of transparency and accountability.

“Nigeria is a signatory to the Social Security (Minimum Standards) Convention, 1952 (No. 102) of the International Labour Organisation (ILO). This Convention articulates globally-agreed minimum social security standards in 9 domains. Except employment injury benefit that is already statutorily covered in Nigeria, eight of the domains are uncovered, and they are the focus of this Bill.

“Consistent with Convention No. 102, which allows nations to enact social security laws based on their peculiarities but without prejudice to the global minimum standards, this Bill seeks to provide a comprehensive legal and governance framework for the proper administration of an inclusive national social security protection system that offers adjustable periodic benefits to eligible Nigerians who face improvidence arising from the eight uncovered domains.

“This Bill seeks to establish a Commission which shall, amongst others, determine the beneficiaries of social security benefits across the country, taking into consideration available resources, equity, severity of ascertained improvident conditions and contingencies, and such other factors that will promote national peace, unity and security through the social security system,” he said.

In their separate contributions, Senate Leader, Senator Yahaya Abdullahi (APC, Kebbi State) and Deputy Chief Whip, Senator Aliyu Sabi Abdullahi (APC, Niger State), threw their support for the bill.

While commending the Deputy President of the Senate for the initiative, they noted that it would go a long way in resolving the security challenges confronting the nation as the poor, weak and vulnerable would be provided safety nets. With this, they argued that such persons would stop being willing tools for those with the sinister motive of wrecking havoc on the country.

“This is another people-centred legislation. It will be a landmark legislation that Nigerians will remember this Ninth Senate for. I therefore urge my colleagues to support this bill”, said Senator Aliyu Sabi Abdullahi.

President of the Senate, Senator Ahmad Lawan, referred the bill to the Committee on Establishment and Public Service for further work after passing Second Reading

NEWS

Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation

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The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.

In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’

ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.

He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.

Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.

“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.

“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from

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NEWS

N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden

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Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.

In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.

READ ALSO: CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools

He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.

The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.

“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.

He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.

“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.

Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.

“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said

He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.

“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”

Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.

He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.

“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.

Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.

“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.

He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.

 

 

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International News

ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others

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The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.

In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”

READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt  Chairman By Police

The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.

Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.

The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.

With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.

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