Politics
New Naira: Buhari To Decide In Seven Days
President Muhammedu Buhari has pleaded with the citizen of the country to grant him a seven day period to resolve the problem of cash scarcity which has been an issue since the implementation of the Re-designed note in the country.
Buhari made this statement in a meeting with Governor forum on Friday, at the presidential villa. The meeting was intended to find solutions to the lingering situation which has become a threat in the transformation of the economy of the country.
In his statement, Buhari said, the implementation of the new currency will boost the country’s economy as well as provide a long term benefits to the people. He further express doubt on banks commitment in the success of the re-design policy.
“Some banks are inefficient and only concerned about themselves”, said the President, “even if a year is added, problems associated with selfishness and greed won’t go away.” He said.
He said he had seen cash shortages and hardship to local businesses and ordinary people as reported by newsmen and gave assurances that the balance of seven of the 10-day extension will be used to crack down on whatever stood in the way of successful implementation.
“I will revert to the CBN and the Minting Company. There will be a decision one way or the other in the remaining seven days of the 10-day extension,” the President was quoted to have said in a statement by his spokesman, Garba Shehu.
The governors however told the President that, while they agreed that his decision on the renewal of currency was good and they are fully in support, its execution had been botched and their constituents were becoming increasingly upset.
They further said that, as leaders of the government and party in their different states, they were becoming anxious about a slump in the economy and the series of elections that are coming.
They requested the President to use his powers to direct the concurrent flourish of the new and old notes till the end of the year.
The President said when he considered giving approval to the policy, he demanded an undertaking from the CBN that no new notes will be printed in a foreign country and they, in turn, gave him assurances that there was enough capacity, manpower and equipment to print the currency for local needs. He said he needed to go back to find out what was actually happening.
Edo State Governor, Senator Monday Okpebholo has assured that his administration would do everything within its powers to take care of Edo State civil servants and make them happy.
He made the pledge on Friday when he received Executives of Nigerian Labour Congress (NLC), Edo State Chapter, led by its Acting State Chairman, Comrade Bernard Egwekhide.
Egwekhide said they were in Government House to congratulate the Governor on his recent victory at the governorship election tribunal that affirmed his victory in the September 21, 2024 governorship election.
On his part, the Governor said whatever Edo State workers are enjoying in the state is the responsibility of his administration to do because it is worker friendly.
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Okpebholo said, “Whatever we are doing, which is favouring Edo workers, is done because it is our responsibility as a government. Edo people voted for us to work for them, and that is what we are doing to ensure life is made better for our people, including the workers.
“We embrace transparency in all what we do as a government to enable the people to trust us as we are not afraid of criticism. Positive criticism will put us on our toes to work harder for Edo people.
“The renewed hope agenda of the president has given us room and platform to perform and serve Edo people better as we embark on practical governance.
“We are doing everything in the State to ensure peace, unity, growth, and development. That is why we ensure smooth collaboration amongst the three tires of government. In all we do in the State, we ensure the three Senatorial zones are carried along.”
The NLC acting chairman, Egwekhide, commended the Governor for his developmental strides and the friendly environment created for Edo State workers to operate.
He said the visit was necessary as the body had come to congratulate the Governor for his deserved victory at the election petition tribunal in Abuja.
According to him, “Workers in Edo State are proud of you for the developmental strides in the State. You have created a friendly relationship between your administration and Edo workers as you have always taken steps to favour Edo State workers.
“Without asking, workers received their 13th month. You raised the subvention of Ambrose Ali University (AAU) from N41 to N500 million. You regularized casual workers in Edo State. You increased what is due pensioners monthly from N50 million to N1 billion naira for both local and State pensioners.”
He noted that a committee has been set up to look into the compulsory pension scheme, which has become a burden on retired civil servants, adding that the report will be submitted to him for his action.
“We thank the governor for several employments given to our people in the very short time in office,” he added.
In a related development, Gov Monday Okpebholo also received the new branch controller, Central Bank of Nigeria (CBN), Edo State, Apanke Utande who was on a courtesy visit to Government House, where the Governor urged him to collaborate with his administration to improve the lives of Edo people.
Sir Jude Idimogu, a former two-term member of the Lagos State House of Assembly, has strongly stated that there will be “no vacancy” in Aso Rock come 2027, reaffirming his commitment to the re-election of President Bola Tinubu.
Idimogu, who served as the representative of Oshodi-Isolo Constituency II from 2015 to 2023, shared his views during an interview with the News Agency of Nigeria (NAN) on Friday in Lagos.
His comments followed the recent declaration from an opposition group promising to defeat the ruling All Progressives Congress (APC) in the 2027 elections.
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A steadfast member of the APC and deputy leader of the Ndigbo socio-cultural group in Lagos, Idimogu dismissed the opposition’s chances of defeating President Tinubu in 2027, asserting that no coalition of opposition leaders could pose a significant challenge to the president’s second-term aspirations.
“The ruling party has strong leadership and unwavering grassroots support that will carry us through to victory in 2027,” Idimogu stated, branding the opposition’s efforts as “futile.”
He further noted that power rotation between the North and South made it clear that it was the South’s turn to complete its eight years in office.
“There is no vacancy in Aso Rock come 2027, and I am appealing to all Northerners in the APC to support the president in completing his eight years,” he added.
In his assessment of the current administration’s progress, Idimogu lauded President Tinubu’s Renewed Hope agenda, citing positive developments such as better power supply, the strengthening of the naira against the dollar, and the implementation of policies that have helped reduce food prices and boost agricultural output.
“With the restoration of the naira-for-crude deal and the export drive, we are seeing tangible results. I don’t see any opposition candidate who can present a policy better than what Tinubu’s administration is already doing,” he explained.
Looking ahead to 2027, Idimogu expressed his firm belief that he would be among those advocating for President Tinubu’s re-election, given the progress already made under his leadership.
Idimogu concluded by urging the opposition coalition to reconsider its stance, suggesting that they join forces with the president for the greater good of the nation.
The leadership of the Labour Party (LP) under Julius Abure has been vindicated by the content of the Certified True Copy (CTC) of the Supreme Court judgement between Nenadi Usman and the party.
This was contained in a statement on its verified handle on micro-blogging site, X on Wednesday night.
According to the National Publicity Secretary
Labour Party, Obiora Ifoh
As promised earlier, we warned that Senator Nenadi Usman and her cohorts have been in the voyage of misleading Nigerians with wrong interpretation of the judgement of the apex court.
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There is no where it stated that the leadership of Barrister Julius Abure led executive has elapsed or that Nenadi Usman and her National Caretaker Committee has been directed to take over the leadership of the Labour Party.
The Supreme Court emphatically stated that issues within the political party are internal affairs of the party and that party supremacy must be observed.
It is pertinent for us to state clearly that there is no vacuum in the leadership of the Labour Party. The highest organ of the party, the national convention has in March 2024 elected its leaders in line with the constitution of the party and electoral act and their tenure is subsisting.
Consequent upon that, any meeting convened in disregard to the constitution of the party is illegal and the outcome null and void. We are therefore warning all those involved in the illegal meeting holding in Abuja to refrain from further factionalising the party and respect the constitution of the party as we will not fail to activate the provision of the party on disciplinary actions.
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