Connect with us

NEWS

Tinubu Inaugurates, Charges NEC On Economy

Published

on

 

The National Economic Council (NEC) has been inaugurated at the Council Chamber of the State House Abuja, by President Bola Ahmed Tinubu.

 

The action on Thursday came a week after the president directed council members to concretise intervention plans to soften the impact of the removal of petroleum subsidy.

 

In the opinion of President Tinubu the task of growing the nation’s economy is quite enormous.

 

He said, “Therefore, there will be no excuse for failure or complain as all the elected officials, asked, campaigned and danced for the job.”

 

In the same vein, President Tinubu urged the council to work together and support his administration’s mandate to transform the economic fortunes of the country saying “Collaboration is not a crime. Please let us do so.”

 

He then, retreated to the chambers for his office, leaving the Vice President Kashim Shettima to take charge of the discussions amongst council members.

 

The NEC is backed by the provisions of the Constitution of the Federal Republic of Nigeria, 1999, as amended; Section 153(1) and Paragraphs 18 & 19 of Part I of the Third Schedule.

 

Under the chairmanship of the VP, the Council meets monthly, with a mandate to “advise the President concerning the economic affairs of the Federation, and in particular on measures necessary for the coordination of the economic planning efforts or economic programmes of the various Governments of the Federation.”

 

The NEC’s membership is made up of the 36 State Governors, the Governor of the Central Bank of Nigeria, and other co-opted Government officials.

 

Those who were present at the inauguration include the Governors of Kwara, Abdulrahman Abdulrazaq; Osun, Ademola Adeleke; Kogi, Yahaya Bello; Ekiti, Biodun Oyebanji; Nasarawa, Abdullahi Sule; Akwa Ibom, Umo Eno; Enugu, Peter Mbah; Cross River, Bassey Otu; Plateau, Caleb Muftwang; Kebbi, Nasir Idris; Katsina, Aliyu Radda; and Benue, Hycinth Alia.

 

Others are Governors of Zamfara, Dauda Lawal; Ogun, Dapo Abiodun; Anambra, Charles Soludo; Yobe, Mai Mala Buni; Taraba, Agbu Kefas; Gombe, Inuwa Yahaya, Delta, Sheriff Oborevwori; Rivers, Siminalayi Fubara; Niger, Mohammed Bago; and Sokoto, Ahmad Aliyu.

 

Also in attendance are those of Ebonyi, Francis Nwifuru; Kaduna, Uba Sani; Edo, Godwin Obaseki; Abia, Alex Otti; Bayelsa, Douye Diri; Kano, Abba Yusuf; Bauchi, Bala Mohammed; Oyo, Seyi Makinde; and Deputy Governors of Borno, Umar Kadafur and Ondo, Lucky Ayedatiwa.

 

The Secretary to the Government of the Federation, George Akume, Chief of Staff, Femi Gbajabiamila, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, Acting Accountant General of the Federation, Oluwatoyin Madein, Acting Governor of Central Bank, Folashodun Shonubi, Permanent Secretaries Budget and National Planning, Federal Capital Territory Administration and State House are also in attendance.

NEWS

Simon Ekpa’s Arrest Will Restore Peace In South East, Says Enugu Gov’t

Published

on

The Enugu State Government has commended the Republic of Finland for the arrest of Simon Ekpa, a Finland-based leader of the proscribed separatist group, Autopilots.

Ekpa has been accused of orchestrating violence and chaos in Nigeria’s South East region.

In a statement issued on Friday by the Secretary to the State Government, Prof. Chidiebere Onyia, the government described Ekpa as a “common criminal, con man, and terrorist” who has exploited the Igbo people while claiming to represent their interests.

RELATED NEWS: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

“The Enugu State Government welcomes the arrest of the Finland-based terrorist, Simon Ekpa,” the statement read.

“His arrest and trial will no doubt go a long way in strengthening peace, security, and stability in all parts of the South East.”

The state government accused Ekpa of sponsoring violent activities that have resulted in the loss of lives, destruction of property, and disruption of the region’s economic activities.

It stated that Ekpa’s actions were driven by personal greed and not genuine concern for the Igbo people.

Onyia said, “Ekpa is a murderer and fraudster who delights in killing his people and living large off their misery.

“He thrives on manipulating, exploiting, and extorting the people on the pretext of fighting for their interest and for the restoration of Biafra.”

The government emphasized its readiness to provide evidence of Ekpa’s alleged crimes to support his prosecution, whether in Finland or Nigeria.

“This arrest is in line with the demand of the Governor Peter Mbah Administration, which has repeatedly made it known that Ekpa is a megalomaniac, common criminal, murderer, and fraudster who takes joy in feeding fat on the manipulated emotions of Ndigbo and inflicting misery on the South East region,” the statement added.

The government further criticized Ekpa for fostering a climate of fear and insecurity that has harmed the entrepreneurial spirit and economic growth of the Igbo people.

“Ekpa has for long, and unfortunately from Finland, made a living by creating a siege climate and mentality in the South East, destroying lives, property, and the Igbo trademark of entrepreneurship and hard work,” Onyia said.

The Enugu State Government expressed optimism that Ekpa’s arrest would mark a turning point in the quest for peace and stability in the South East, urging residents to remain vigilant and supportive of ongoing efforts to restore normalcy in the region.

 

Continue Reading

NEWS

JUST IN: COP29 Proposes $250bn Annual Climate Finance Target For Developing Nations

Published

on

The COP29 presidency has unveiled an ambitious climate finance plan, calling on developed nations to provide $250 billion annually to developing countries by 2035.

The proposal, part of a broader initiative to mobilize $1.3 trillion from public and private sources each year, seeks to address the mounting challenges posed by climate change.

The five-page draft text, released on Friday, emphasizes the need for developed nations to lead the charge in financing climate action.

RELATED NEWS: COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations

According to the document, this financial commitment is seen as a critical step toward combating the climate crisis and fostering sustainable development globally.

“In this context, it is decided to set a goal in extension of the goal referred to in paragraph 53 of decision 1/CP.21, with developed country Parties taking the lead, to USD 250 billion per year by 2035 for developing country Parties for climate action,” the draft states.

The announcement follows the release of an earlier 10-page draft on Thursday, which drew significant criticism from Global South delegations.

Many expressed frustration that the document lacked clear financial commitments from wealthier nations, falling short of expectations to support adaptation and mitigation efforts.

“There is a clear need to address the principle of common but differentiated responsibilities, especially given the diverse circumstances shaping national priorities,” a negotiator from a developing country delegation remarked.

The updated proposal aims to address some of these concerns by outlining more specific targets. However, skepticism remains among some negotiators, who feel the revisions still fail to adequately address their demands.

Meanwhile, developed countries have raised their own reservations about the proposed plan.

A European negotiator, speaking to Reuters, described the $250 billion annual target as unrealistic and criticized the lack of measures to expand the pool of contributing countries.

“No one is comfortable with the number because it’s high, and there’s almost nothing on broadening the contributor base,” the negotiator said.

The mixed reactions underscore the persistent divide between developed and developing nations in climate negotiations.

While the draft text aims to reconcile these differences, the gap between expectations and commitments remains a significant hurdle.

 

 

Continue Reading

NEWS

Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation

Published

on

 

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

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.