NEWS
Economic Reforms Aim To Protect Nigeria’s Future – Tinubu
Nigeria’s President, Bola Ahmed Tinubu has articulated the rationale behind his administration’s economic reforms, saying the primary motive was protecting the interests of future generations.
This view was shared in a statehouse statement on Thursday, in Abuja by the Special Adviser to the President, (Information & Strategy), Bayo Onanuga.
He declared thus, “For 50 years, Nigeria was spending money of generations yet unborn and servicing the West coast of our subregion with fuel. It was getting difficult to plan for our children’s future.”
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President Tinubu was receiving a delegation of former National Assembly colleagues from the aborted Third Republic, during which he served as a Senator representing Lagos West, when he bared his mind.
He highlighted the challenges faced at the beginning of his administration, especially economic and social issues, and expressed his gratitude for the delegation’s support in addressing these difficulties:
“We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse,” he added.
President Tinubu made it clear that the administration had been able to stem the tide and expressed appreciation to Nigerians for their collective support in turning things around.
“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel.”
He said firm adherence to democratic tenets is the best route to economic, social, and political development.
“I am happy that you are holding to your belief in democracy. I thank you for keeping faith and remembering how we started. Some people missed the ball.
“Some leadership failed, but we kept the faith with our democratic beliefs and freedom and the right to aspire to the highest office in the land. I am benefitting from it.”
Senator Emmanuel Chiedoziem Nwaka, who spoke on behalf of the group, expressed his delight at some of the programmes that the Tinubu administration had implemented, especially the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP) and at what the two organisations were offering Nigerians.
“I appreciate you for what you are giving to students because the student population is the largest demographic in the country. I’ve spoken with many of them, and many have benefited from it.
“And the next one is the CREDICORP. That’s a major way of fighting corruption. You see a young man, you come out of school, you want to buy a car, you have to put down cash, you want to buy a house, and you are not married, but with the CREDICORP, you can get things done. I’m following their activities; we are delighted,” he said.
Other members of the delegation were Sen. Bako Aufara Musa, Hon. Terwase Orbunde, Hon. Wasiu Logun, Hon. Amina Aliyu, High Chief Obi Anoliefo and Hon. Eze Nwauwa.
The Speaker of the House of Representatives, Hon. Abbas Tajudeen, has inaugurated a 21-member Ad-Hoc Committee that will oversee the administration of Rivers State during the six-month State of Emergency declared by President Bola Tinubu.
The committee, which will be led by the House Leader, Rep. Prof. Julius Ihonvbere, with Rep. Ali Isa J.C. serving as Deputy Chairman, was officially unveiled on Tuesday at the National Assembly in Abuja.
According to Speaker Abbas, the creation of the committee demonstrates the National Assembly’s commitment to constitutional order, good governance, and the protection of national unity.
READ MORE: Rivers Women Stage Solidarity March In Support Of Emergency Rule
“This marks a critical milestone in our constitutional mandate and is a reflection of our dedication to transparent governance and the rule of law,” the Speaker declared during the inauguration ceremony.
President Tinubu’s declaration, which came into effect on March 18, was made under Section 305 of the 1999 Constitution (as amended). The President described the situation in Rivers State as a “grave crisis threatening public order” and emphasized the need to safeguard the welfare of the citizens.
Referencing previous cases of emergency rule, including those in Plateau (2004), Ekiti (2006), and the North-East (2013), Abbas reminded lawmakers that the National Assembly had always played a stabilizing role during such interventions.
He clarified that the appointment of Rear Admiral Ibok-Ete Ekwe Ibas (Rtd.) as the caretaker administrator for Rivers State is a stopgap arrangement designed to restore basic governance and maintain public safety.
“The Administrator’s role is limited to maintaining law and order until democratic governance is fully restored,” Abbas said, adding that the administrator would be reporting directly to the National Assembly.
The Speaker urged committee members to carry out their duties with professionalism and neutrality, warning them to avoid partisan conduct.
“You must avoid partisanship and ensure that your actions strictly align with the Constitution,” Abbas stressed. “Beyond oversight, you are also expected to support reconciliation and peacebuilding efforts in Rivers State.”
In response, Committee Chairman Ihonvbere expressed confidence in the team’s ability to carry out the assignment with excellence, citing the members’ collective experience and commitment.
“If I am not wrong, this is probably the strongest ad-hoc committee ever set up since 2019,” Ihonvbere noted.
“With the experience, exposure, and dedication of this team, I assure you on behalf of my colleagues that we will not disappoint the Speaker, the National Assembly, or the Nigerian people.”
He added that the committee would begin work immediately and promised that all activities would be guided by transparency, diligence, and objectivity.
The committee’s responsibilities will include monitoring the implementation of federal directives in Rivers State, ensuring that the caretaker government stays within constitutional boundaries, and submitting regular reports to the House of Representatives.
Former Kano State Governor and 2023 Presidential Candidate of the New Nigeria People’s Party (NNPP), Senator Rabiu Musa Kwankwaso, has condemned the recent spate of deadly attacks in Plateau State, calling on the relevant authorities to ensure that the perpetrators are swiftly brought to justice.
Kwankwaso, in a statement posted on his verified Facebook page, expressed deep sadness over the attack on the Zike community, Kimakpa, in Kwall district of Bassa Local Government Area, which claimed the lives of 51 people and left several properties destroyed.
READ ALSO: 40 Killed In Fresh Attack On Plateau Community As Violence Escalates
The NNPP chieftain described the incident as a tragic addition to the wave of violence that has rocked the state in recent weeks.
He noted that the Zike attack came shortly after over fifty other residents were killed across five communities within the space of a week.
“It is important that Plateau State must not be allowed to become a hotbed of violence and wanton destruction again after the relative peace it has enjoyed in recent years,” he stated.
Kwankwaso called on the Federal Government to rise to its constitutional responsibility of protecting lives and property, while urging residents and stakeholders to embrace peace.
“I extend my condolences to the Government and people of Plateau State. I also urge the authorities to ensure that justice is served by bringing the perpetrators of these heinous crimes to book,” the former governor added.
The recent attacks have continued to fuel concerns over security lapses in the region, as calls for decisive action and lasting solutions grow louder.
The Nigeria Union of Journalists (NUJ), Lagos State Council has commended Dangote Refinery for its consistency in the price reduction of Premium Motor Spirit (PMS) otherwise known as petrol.
The NUJ was reacting to the latest reduction in the ex-gantry loading cost of PMS from ₦880 per litre to ₦865.
Biztellers reports that the Chairman, Nigeria Union of Journalists, Lagos State Council, Adeleye Ajayi, noted that the Dangote Refinery had projected itself as a huge partner in progress to all Nigerians.
The gesture, the Council Chairman said had endeared the business mogul to Nigeria as a saviour of the masses in the face of the present hardship.
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Recall that the Dangote Refinery had announced a reduction of its ex-depot price per liter by N15 ostensibly following reduction in the price of crude oil in the international market.
“I want to emphatically say that the Dangote Refinery is indeed a blessing to all Nigerians. The roll out of petroleum products from Dangote Refinery has indeed changed the game and the fuel market is now liberalized,” he stated.
Urging other industrialists to take a cue from Dangote’s good heart towards Nigerians in the face of present economic hardship, the NUJ boss added, “In the last few months, we are all aware that Dangote Refinery has crashed the price of PMS at different interval and we are very optimistic that such gesture will be extended to other sectors by other industrialists.
“We need more Dangotes in this country so that Nigeria can be great again. Imagine if we have three or four Dangote in other sectors of Nigeria’s economy, Nigeria’s economic progress would have been fastracked.”
In a related development, Ajayi lauded the move by the Federal Executive Council (FEC) which gave an express approval for the full implementation of the suspended Naira-for-Crude agreement with local refiners on Wednesday.
He opined that the move would boost the confidence of the citizenry, as the output was expected to improve the living conditions of Nigerians.
Reps Moves To Ensure Order In Rivers, Inaugurates 21-Member Committee
‘Plateau Must Not Become A Killing Field’ — Kwankwaso Mourns Victims, Seeks Justice
NUJ Lauds Dangote For Crashing Petrol Price
NIMASA Dangles Opportunities Before Private Investors At Enugu Int’l Trade Fair
Shell Commends Oloibiri Lecture Series As Platform For Change
