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Nigerian Economy Can Turn Around In Few Months – Dangote

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Nigerian billionaire Aliko Dangote, hairman of Dangote Industries Limited, has voiced confidence that Nigeria’s economy could be revitalized within months through concerted efforts between the government and private sector.

Speaking to State House Correspondents after his induction into the Presidential Economic Coordination Council (PECC) by President Bola Tinubu on Thursday, Dangote emphasized the potential for collaboration to drive substantial economic turnaround.

The PECC, comprising high-level officials and key private sector leaders like Tony Elumelu of United Bank of Africa and Bismarck Rewane of Financial Derivatives Company Limited, aims to provide strategic guidance to policy-making.

READ MORE: https://biztellers.com.ng/dangote-slams-cbns-interest-rate-hike-warns-of-job-losses/

Dangote pledged that both sectors would work closely to advise and implement policies crucial for Nigeria’s economic growth and stability.

He said “This is where the public and private sector will work together. We will advise the government on the type of policies needed to revamp the economy.

“Our economy can be turned around in a few months. Things will soon change. We will work to make sure that things change for the better.

Recall that during a three-day summit organized by the Manufacturers Association of Nigeria (MAN) in Abuja earlier this week, business tycoon Aliko Dangote advocated for new policies aimed at safeguarding and promoting the development of local industries.

He urged the Federal Government to prioritize the protection of existing businesses, particularly manufacturers, by creating conducive operational environments.

He stressed “Nobody can create jobs with an interest rate of 30%. No growth will happen. We must look to leading countries in the West and the East who are actively protecting their domestic industries.

“Import dependence is equivalent to importing poverty and exporting jobs. No power, no growth, no prosperity. Similarly, no affordable financing, no growth, no prosperity. There is no industrialisation without protection. Ignoring these facts is what gives rise to insecurity, banditry, kidnapping and abject poverty.”

 

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NEWS

CJN Sets Date To Swear In Daughter-in-Law, 11 Others As High Court Judges

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In a significant judicial appointment, Chief Justice of Nigeria, Justice Olukayode Ariwoola, will officially swear in 12 judges to the High Court of the Federal Capital Territory on Wednesday, July 10, 2024.

The ceremony is scheduled for 10 am at the Main Courtroom of the Supreme Court.

Dr. Festus Akande, Director of Press and Information at the Supreme Court, disclosed this development in a statement on Sunday.

READ ALSO: https://biztellers.com.ng/wikes-wife-cjns-daughter-in-law-nominated-for-judicial-position/

Among the distinguished appointees is Ariwoola Oluwakemi Victoria, the daughter-in-law of the Chief Justice, adding a personal dimension to the event.

The full list of judges to be inaugurated is as follows:

Ariwoola Oluwakemi Victoria (Oyo State)
– Ademuyiwa Olakunle Oyeyipo (Kwara State)
– Bamodu Odunayo Olutomi (Lagos State)
– Iheabunike Anumaenwe Godwin (Imo State)
– Odo Celestine Obinna (Enugu State)
– Hauwa Lawal Gummi (Zamfara State)
– Sarah Benjamin Inesu Avoh (Bayelsa State)
– Maryam Iye Yusuf (Kogi State)
– Buetnaan Mandy Bassi (Plateau State)
– Lesley Nkesi Belema Wike (Rivers State)
– Ibrahim Tanko Munirat (Bauchi State)
– Abdulrahman Usman (Taraba State)

This appointment follows the National Judicial Council’s recommendation on May 17, 2024, of 86 judicial officers for various federal and state courts nationwide.

Recall that these recommendations were made during the NJC’s 105th plenary meeting, which was held from May 15 to 16, 2024.

The swearing-in marks a notable step in reinforcing the judiciary and ensuring the delivery of justice across Nigeria.

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Niger, Mali, Burkina Faso Cut Ties With ECOWAS, Form New Alliance

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The military regimes of Niger, Mali, and Burkina Faso have severed ties with the Economic Community of West African States (ECOWAS) and officially formed a new alliance.

Niger’s ruling general announced the move during the inaugural summit of the Alliance of Sahel States (AES) in Niamey on Saturday.

Niger’s General Abdourahamane Tiani at the summit, which saw the participation of the three nations’ leaders stated “our people have irrevocably turned their backs on ECOWAS”.

The AES was established after the countries withdrew from ECOWAS earlier this year.

In September, Niger, Mali, and Burkina Faso signed a mutual defense pact, marking a significant shift in the region’s political landscape.

Niger, Mali, and Burkina Faso left ECOWAS, citing accusations of Paris manipulating the bloc and insufficient support for anti-jihadist efforts.

“The AES is the only effective sub-regional grouping in the fight against terrorism,” Tiani stated on Saturday, highlighting ECOWAS’s “conspicuous lack of involvement in this fight.”

The exit marks a shift away from their former colonial ruler, France, with Tiani advocating for a new bloc that is a “community far removed from the stranglehold of foreign powers.”

All three nations have expelled French anti-jihadist troops, turning instead to their “sincere partners” — Russia, Turkey, and Iran.

Facing deadly jihadist violence, Niger, Mali, and Burkina Faso will focus on “the fight against terrorism” and the “consolidation of cooperation” during Saturday’s agenda, according to the Burkinabe presidency.

ECOWAS is set to hold a summit of its heads of state in the Nigerian capital, Abuja, on Sunday, where relations with the AES is anticipaed to be a key topic.

After multiple bilateral meetings, the three Sahelian leaders are convening for the first time since seizing power through coups between 2020 and 2023.

In mid-May, the foreign ministers of Burkina Faso, Mali, and Niger met in Niamey to draft a text establishing the confederation, which the heads of state are set to adopt at Saturday’s summit.

Niger’s General Abdourahamane Tiani first received Burkinabe counterpart Ibrahim Traore in the capital on Friday, followed by Malian Colonel Assimi Goita on Saturday.

“Don’t expect many announcements; this is primarily a political event,” remarked Gilles Yabi, founder of the West African think tank Wathi. “The goal is to demonstrate that this is a serious project with three dedicated heads of state showing their solidarity.”

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NEWS

Adeleke Warns Transport Officials Against Violence, Suspends SSA On Civil Societies

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Osun State Governor, Senator Ademola Adeleke has warned transport workers in the state against actions and activities capable of resulting into violence and lawlessness.

This was contained in a government statement issued in Osogbo, which was made available to Biztellers.

Gov Adeleke also directed immediate suspension of the Senior Special Assistant on Civil Societies pending outcome of investigations by the Chief of Staff to the State Governor, Hon Kazeem Akinleye, according to the statement.

ALSO READ: Adeleke Boosts Amotekun Corps, Appoints New Chairman, Commander

He directed the Commissioner for Transportation to again summon a reconciliatory meeting of all the warring groups within the transport sector.

“The officials and their members should desist from distracting Osun people from many ongoing laudable projects and delivery of good governance.

“This administration will not condone lawlessness and acts of violence. We must not and cannot afford to return to the era of the previous administration. Our government has zero tolerance for violence.

“Any issue within the transport management should be resolved in line with due process. Internally Generated Revenue in Osun State is strictly regulated within a framework of accountability and transparency that can not be breached.

“Our government has automated revenue collection while integrating multiple revenue points into a single billing process. Our IGR has increased as a consequence of our innovations and zero tolerance for revenue leakages. Diversion of revenue is a thing of the past in Osun State.

“The Commissioner for Transportation is to engage the transport officials and reconcile all financial records. Any transport official who engages in violence will face the full wrath of the law”, the statement quoted the Governor as saying.

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