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VP Chairs NEC Meeting In Abuja

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The National Economic Council (NEC) meeting is underway at the presidential villa, Abuja, under the chairmanship of Vice President, Kashim Shettima.

Notable among those attending are state governors, finance and budget ministers, the governor of the Central Bank of Nigeria (CBN), and other government officials there on invitation.

Biztellers reports that in keeping with the Constitution of the Federal Republic of Nigeria, 1999 (as amended), the composition of the NEC is detailed in Section 153(1) and further elaborated in Paragraphs 18 & 19 of Part I of the Third Schedule.

The council has the 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.”

At the forefront of the agenda are the country’s ecological and security challenges, along with deliberations and resolutions on economic issues.

The Council operates by establishing temporary committees assigned to address specific tasks, which are dissolved upon completion.

During its inauguration in June, President Bola Ahmed Tinubu urged the council to assist his administration in revitalizing the country’s economic prospects.

He emphasized the immense responsibility of bolstering the nation’s economy, emphasizing a zero-tolerance stance for failure.

He reiterated his administration’s unwavering dedication to fulfilling its pledges to the Nigerian populace.

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Nigeria’s Adekeye Emerges Chairperson, APPO Training Directors

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Nigeria’s Folashade Adekeye has emerged as the Chairperson, Forum of the Directors of Oil & Gas Training & Vocational Education Institutes of the African Petroleum Producers Organization (APPO).

Biztellers reports that Adekeye, the Director, NNPC Academy, took over from Abdelkader Guenone, the Managing Director of the Algerian Petroleum Institute (API), during the second meeting of the Forum, in Abuja, at the weekend.

At the moment, Adekeye heads the NNPC’s oil and gas training arm, brings into the role over 30 years of experience, and is expected to work with her colleagues from APPO Member Countries in order to foster more collaboration towards addressing the challenges of competences, skill gaps, infrastructure, and poor funding in the organization’s training institutions.

Earlier in his keynote address at the opening ceremony of the meeting, the Group Chief Executive Officer of NNPC Ltd., Mele Kyari, represented by Inuwa Danladi, Executive Vice President (Business Services), emphasized the importance of a standardized educational and training approach to meet the changing demands of the oil and gas industry.

Also in his keynote address, APPO’s Secretary General, Dr. Omar Farouk Ibrahim, charged the Member Countries to work towards further enhancing collaborative efforts to establish Oil & Gas Centres of Excellence across the African continent.

Dr. Ibrahim, also from Nigeria, said having good knowledge of the Forum’s challenges would enable APPO Member Countries to make recommendations and provide solutions in areas such as Oil & Gas project funding, technology adoption, and the formation of Africa Energy Bank.

He concluded that such collaboration by all member countries will guarantee Africa’s energy accessibility, affordability and sustainability, which overall, will strengthen her economies and bring prosperity to its citizens.

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SERAP Sues 36 Govs, Wike Over Trillions Of FAAC Allocations

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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the governors of Nigeria’s 36 states and the Minister of the Federal Capital Territory, Abuja, Nyesom Wike over failure to account for Federal allocations dating back to 1999.

It was gathered that action followed reports that the Federation Account Allocation Committee (FAAC) disbursed N1.123 trillion to the federal, state, and local governments for March 2024.

They shared N1.208 trillion in April, which saw the states collect N398.689 billion in March, after they collected N403.403 billion in April.

In the suit number FHC/ABJ/CS/666/2024 filed last Friday at the Federal High Court, Abuja, the SERAP is asking the court to “direct and compel the governors and Mr Wike to publish spending details of the FAAC allocations collected by their states and the FCT since 1999 including the list and locations of projects executed with the money.”

The SERAP also asked the court to “compel the governors and Mr Wike to invite the Economic and Financial Crimes Commission [EFCC] and the Independent Corrupt Practices and Other Related Offences Commission [ICPC] to probe any allegations of corruption linked to the allocations and to monitor how the money is spent.”

In the suit, the SERAP argued that, “Nigerians ought to know in what manner public funds including FAAC allocations, are spent by the governors and FCT minister.”

According to the SERAP, “Opacity in the spending of the FAAC allocations collected by the governors and Mr Wike would continue to have negative impacts on the fundamental interests of the citizens.”

According to the SERAP, “trillions of FAAC allocations received by Nigeria’s 36 states and the FCT have allegedly gone down the drain. The resulting human costs directly threaten the human rights of socially and economically vulnerable Nigerians.

“Without the information on the spending details of the FAAC allocations, Nigerians cannot follow the actions of their states and the FCT and they cannot properly fulfill their responsibilities as citizens.

“Directing and compelling the governors and FCT minister to provide the information sought and widely publish the spending details of the FAAC allocations collected by them would serve legitimate public interests.

“The failure by the governors and the FCT ministers to account for the spending of the FAAC allocations collected by them is entirely inconsistent and incompatible with the Nigerian Constitution 1999 [as amended] and the country’s international anti-corruption obligations.”

The suit filed on behalf of the SERAP by its lawyers Kolawole Oluwadare, Kehinde Oyewumi and Andrew Nwankwo.

No date has been fixed for the hearing of the suit.

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Former Labour Minister Passes Away

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Prince Ajibola Afonja, a former Minister of Labour and Productivity under the Interim National Government, has passed away.

He died on Sunday night at the University College Hospital (UCH) in Ibadan, Oyo State, at the age of 82.

Afonja served as a minister during the brief administration of Chief Ernest Shonekan.

He was also a former Chairman of First Bank and a notable industrialist in his Oyo community, where he was recognized for his company, Integrated Dimensional Systems (IDS).

Afonja sustained injuries from a single-vehicle accident in Ilora, near his country home, and was subsequently taken to UCH in Ibadan for treatment, where he passed away.

Prince Ajibola Afonja, who passed away on Sunday night, was a beloved figure in his hometown, known for his dedication to the peace and development of Oyo.

He was a former senatorial candidate for the Oyo Central Senatorial District under the All Nigeria Peoples Party (ANPP).

The Oyo Global Forum (OGF), a prominent community-interest group, through its chairman, Taiwo Adebayo, confirmed the former minister’s passing in a late Sunday statement.

Adebayo described the late Afonja as a unifier.

The statement reads “On this dark day in Oyo, we mourn the loss of Prince Ajibola Afonja, former Labour Minister and Chairman of First Bank Nigeria, who passed away on Sunday night, aged 82.

“Although a national figure with tremendous influence, he was particularly light for the Oyo community where he made pioneering efforts as an industrialist. His legacy of generosity and open-heartedness touched countless lives, and his presence will be profoundly missed.

“Until his last month, Daddy IDS, as he was affectionately known, as a reference to his manufacturing company, remained hardworking, dedicated to realising one of the most transformative business visions for the country’s economy. It was the E-Customs project,”

“For all of us that he inspired, we shall honor his memory by carrying forward the values he embodied and continuing his legacy of service and compassion, the values that guide OGF, which he supported during his lifetime.” It added

He added that his absence leaves a void that will be difficult to fill, but noted that his spirit of generosity and leadership will continue to inspire the community.

The OGF leader extended the group’s deepest condolences to the deceased’s family, the entire Oyo community, and his friends and associates during this mourning period.

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