NEWS
Interior Minister Grilled Over N1.195bn Expatriate Quotas
The National Assembly’s joint committee of the Senate and House of Representatives on Interior Grilled the Ministry of Interior concerning expatriate quotas.
They expressed concern that these quotas might be leading to job opportunities being taken from Nigerians by expatriates within the country.
At the budget defense session on Wednesday, Minister of Interior Olubunmi Tunji-Ojo discussed the pros and cons of granting expatriate quotas permits to deserving foreign companies which took center stage during the committee meeting.
The ministry announced that it exceeded its projected revenue of N600 million from expatriate quotas in the 2023 fiscal year, generating N1.195 billion from January to October.
The minister highlighted that the ministry surpassed its revenue targets not only from expatriate quotas but also from marriage-related income.
He emphasized to the committee that although the target for revenue from expatriate quotas in 2023 was N600 million, as of October 31, 2023, the generated revenue stood at N1.195 billion from the issuance of expatriate quotas to deserving foreign firms in the country.
Tunji-Ojo said, “Aside from the projected revenue from expatriate quotas that had been surpassed by about N600 million extra, the N380 million projected revenue from marriage, has also been surpassed by over N500 million with N892.774 million realised as of October 31, 2023.”
Senator Adams Oshiomhole (APC Edo North), the Chairman of the joint committee, commended the minister for exceeding revenue targets through expatriate quotas.
However, he expressed concerns that the policy might inadvertently enable expatriates to take away job opportunities meant for Nigerians within the country.
Oshiomole said, ” Your ministry needs to regulate the issuance of the quotas very well as I have on good authority that prisoners from foreign land are working in Nigeria as construction workers.
“This is even different from the age-long fraud the oil companies have been carrying out in the country through the policy of expatriate quotas by making our qualified engineers work under foreign technicians.
“Many non-Nigerians are in the country, some of them live inside containers. I even believe and dare say that there are foreign prisoners who are working in Nigeria. They were shipped to our country to serve their prison terms.”
The committee chairman further stated “They were being paid according to their country’s minimum wage by the construction industry that brought them. I don’t want to mention the company’s name but if I am provoked, I will mention it.
“Honourable Minister, this is a serious issue. Prisoners are not expected to work in their countries if the product or whatever they engage in is meant to be exported,” the senator added.
In response, the minister reassured the committee that the ministry had implemented a project geared towards safeguarding Nigerian jobs.
He highlighted the Expatriate Employee Network as a key initiative designed to protect local jobs from being taken by expatriates.
Additionally, this project aims to prevent expatriate workers from evading tax payments in Nigeria.
NEWS
Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation
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
NEWS
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
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.
International News
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
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.