NEWS
FG Sets Up Presidential Committee to Restructure Foreign Missions
By Edozie Obasi-Eze
Rattled by the heavy debt-burden hovering on Nigeria’s diplomatic missions across the world, the Federal Government has set up a Presidential Committee to review both their existence and operations.
This was contained in a statement issued on Tuesday, in Abuja by the director of press, office of the Secretary to the Government of the Federation (SGF), Willie Bassey.
The statement revealed that the SGF, on Tuesday, inaugurated a 13-member Presidential Committee on the Review of Number and Strategy for Resourcing Nigeria’s Diplomatic Missions Worldwide.
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According to the statement, the Committee was charged with reviewing all previous reports on the establishment of foreign missions and measures taken to effectively and economically manage Nigeria’s Mission; and to also identify challenges facing those Missions and make appropriate recommendations on their sustainability.
While inaugurating the 13-man committee, Mustapha decried the level of indebtedness confronting the foreign missions and said that the report of the committee would enable the Presidency identify and tackle the root causes of the critical state of affairs of the diplomatic missions, and ascertain its likely impact on the image of Nigeria across the world.
Mustapha said, “As we are all aware, our Diplomatic Missions around the world are currently faced with multifaceted challenges following, among others, the scale of perennial indebtedness they find themselves.
“This poses attendant damage to our nation’s integrity. Consequent upon these, Mr. President approved the constitution of this Presidential Committee.”
He pointed out that “the cost-saving measures taken by the previous administrations in reviewing the foreign missions had not yielded the desired results, hence the constitution of the Committee”.
According to the SGF, the committee should come up with a broad-based and sustainable service-wide solution, in relation “to institutions such as the Central Bank of Nigeria, Office of the Head of the Civil Service of the Federation, the Federal Civil Service Commission, among others”, so as to holistically address the challenges in short, medium and long-term bases.
The Committee which was given a 3-month timeline has the following as part of its Terms of Reference: to determine the current number, categories of Nigeria’s Diplomatic Missions; subject matter desks worldwide and categorize their strategic importance and impact worldwide and make appropriate recommendations; Identify and categorize the revenue generation capacity of missions, performance in this regard, causes and level of indebtedness.
Also in the Committee’s terms of reference are, reviewing the understanding and application of critical extant policies, guidelines, circulars, codes, regulations, financial management systems, statutes, etc, across Nigeria’s Missions with a view to minimizing bottlenecks, misapplication and infractions.
In his acceptance speech, the Chairman of the Committee, Ambassador Martin Uhomoibi (retired Federal Permanent Secretary), thanked President Muhammadu Buhari for the confidence reposed in him and the members of his Committee to review the foreign mission service with the aim of repositioning it for effective service delivery.
Ambassador Uhomoibi assured the SGF of the preparedness of the committee to not only succeed at the task before them, but to also exceed all expectations.
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.’
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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
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.
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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.
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.”
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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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