Politics
Senate moves to create N1.6billion Council for Economic Diversification
By John Akubo
The Senate has set machinery in motion for well guided diversification of the Nation’s economy to keep the country on the part of economic development
The Economic Diversification Council when in place will serve as special purpose vehicle for urgent facilitation of it’s purpose.
The Council as explained in the bill sponsored to that effect by Senator Aliyu Sabi Abdullahi ( APC Niger North) and passed for second reading, will be self funding after take off grant of N1.618billion for the first year.
Senator Abdullahi in his lead debate on the piece of legislation titled : “A bill for an Act to establish the Nigerian Economic Diversificaton Council and to provide for comprehensive framework, structures, programmes and schemes for strengthening capacity development in that direction ”
Hesaid the new approach will be a departure from policy pronouncements of the past to required legal instrument .
“Specifically the objectives of this Bill is to have a legislative framework for diversification of the Nigerian economy.
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“It includes the establishment and maintenance of programmes for the overall development of the Nigerian e economy, more especially, to encourage the growth of Nigerian industries, services, technologies in order to diversify the Nigerian economy and raise the standard of living of persons living in Nigeria to a reasonable level.
“The critical and urgent need for the diversification of the Nigerian economy to guarantee a prosperous economic future for both the present and unborn generations of Nigerians must no longer be glossed over, if Nigeria is to be kept alive.
“Nigeria need to move away, and , very quickly too, from over reliance on the unstable petroleum revenue to a well-focused diversified economy where the key sectors of the economy like the ICT, Solid minerals, health, manufacturing, power, agriculture and maritime sectors will be productively utilized to provide sources of sustainable revenues for the economy”, he stressed.
According to him, Nigeria’s crude oil proceeds fell by 41.60 percent in the first quarter of 2021 to $6.48 billion from $11.1 billion in the first quarter of 2020.
He explained that despite various loans, reforms and policies by both present and past governments, millions of Nigerians continue to remain impoverished.
“Diversification helps to mitigate volatility and provides a more sustainable path for equitable growth and development.
“It is even more crucial now, given the slower global economy and the pressing need in many developing nations to boost revenue”, he said.
He gave example of Malaysia to embellish his argument by saying ”
since gaining independence in 1963, Malaysia effectively diversified its economy from one dependent on agriculture and commodities to one based on robust manufacturing and service sectors”.
The envisioned law, he added makes for inter-sector synergies among the key sectors of the economy, as well as the creation of a Council to ensure strict implementation of its provisions.
He said the Board of Council sought to be created would be headed by the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria.
He added that Ministers of key sectors like solid minerals, trade and investment, agriculture, health, finance, communication and digital economy, science and technology, Governor of the Central Bank, and key stakeholders in the private sector, among others, would be members to ensure that high level policy decisions are not only taken but implemented.
The bill after exhaustive debate by Senators was passage for second reading and referred by the Senate President, Ahmad Lawan, to the Committee on National Planning and Economic Affairs for further work and report back within four weeks .
Osun State Governor, Senator Ademola Adeleke has warned against attempts to destabilize the peace and security of Igbajo by some group of people led by Prince Gboyega Famodun through conflicting Oroke festival days.
He directed security agencies to deal decisively with any trouble maker.
According to a government statement, issued in Osogbo, reports at the disposal of the government indicated an attempt by a faction belonging to Famodun to create conflict at Igbajo by fixing a different festival date from the one officially announced by the legal and officially crowned king of Igbajo, Oba Ademola Makinde.
An effort, it noted was designed to create violence and crisis in the peaceful town of Igbajo.
As a government, the statement added, we reiterate that the Monarch of Igbajo today is Oba Ademola Makinde and the May 23rd already fixed for the Oroke Day Festival remains the sacrosanct date for the popular cultural and traditionally significant event.
“We note further that the Head of Igbajo traditional institution remains the present Owa of Igbajo, Oba Ademola Makinde and he is therefore empowered and entitled to fix the day for the Oroke festival. Actions of the Famodun faction is therefore against tradition and law and is therefore a nullity.
“In a bid to forestall breakdown of law and order and in line with my responsibility as the Chief Security Officer of Osun state, I direct security agencies to enforce the holding of the Oroke festival on the official date of May 23rd and to ensure no gathering is held on May 19th set by any other faction.
“The above directive and actions are taken to maintain peace and protect the ancient town from those hell-bent on manipulating the traditional institution to destabilize the state”, the Governor was quoted as saying,” he cautioned.
Adamawa State High Court’s Justice Benjamin Manji Lawan has issue an arrest warrant for suspended INEC Resident Electoral Commissioner Barrister Hudu Yunusa Ari.
The court instructed the Inspector General of Police to promptly apprehend Barrister Ari and present him in court to face trial on three charges.
This directive followed an application filed by the Adamawa State Government on April 16, 2024.
During the proceedings, Chief L. D. Nzadon, representing the complainant, informed the court that they were seeking an arrest warrant against the defendant.
Referring to Section 20, Subsection (1j) of the Administration of Criminal Justice Law (ACJL) 2018, Chief Nzadon urged the court to utilize its authority and instruct the Inspector General of Police to apprehend the defendant, regardless of his location.
He explained that attempts to serve the defendant were unsuccessful, as the court’s bailiff had been in Bauchi State from May 2nd to May 4th, 2024, but couldn’t locate him.
In his ruling on the application, the judge noted that this was the third instance the case had been mentioned without the defendant present in court.
He acknowledged the complainant’s counsels’ explanation regarding their inability to serve Ari, suggesting that it seemed he was deliberately avoiding
The executives of the All Progressives Congress (APC) in Igbotako Ward II, Okitipupa local government area of Ondo State, have officially suspended Senator Jimoh Ibrahim, who represents Ondo South, citing alleged anti-party activities and insubordination.
The suspension notice was jointly signed by several ward executive members, including Omotoye Olusola, Bakere Usuf, Tore Obwoselu, Oloyinmi Idowu, Borewaye Louyomi, Oladipupo Bose, Alkimbobola Seyi, Lawal-Babatunde, Aritawe-Ademole, Akinkuoju Olarewaju, and Fabioye Ajoke.
Ibrahim’s suspension follows the recent APC governorship primary election in the state, where he faced defeat. Citing Article 21, Section A of the APC Constitution, the party executives justified their decision to suspend Senator Ibrahim.
The 16-member Executive Committee made this decision during a meeting held on Monday, May 13, 2024.
Additionally, the party recalled a prior meeting in Abuja, convened by the APC National Chairman, Alhaji Abdullahi Umar Ganduje, where all governorship aspirants were urged to cooperate with the party’s candidate and incumbent governor of the state, Hon. Lucky Aiyedatiwa.
Despite the suspension, Senator Jimoh Ibrahim proceeded to file a lawsuit against the governor and the APC, disregarding the party’s directives.
The letter, made public in Akure, the state capital, on Wednesday, states: “We, the members of the APC Executive Committee of Igbotako Ward II in Okitipupa Local Government Area of Ondo State, convened a meeting on Monday, May 13th, 2024.”
“During our meeting, we deliberated extensively on various issues affecting the progress and development of our party, notably indiscipline and insubordination among some members.
“We have found Senator Jimoh Ibrahim’s actions and activities to violate the party’s constitution, particularly his decision to sue the party as well as his anti-party activities.
“As such, we have resolved to take appropriate disciplinary action against him as outlined in the party’s constitution. Senator Jimoh Folorunso Ibrahim is hereby suspended from the All Progressives Congress (APC) with immediate effect for acts of insubordination and anti-party activities By Article 21, Section A of the APC Constitution.
“It is worth recalling that the National Party Chairman of APC, Alhaji Abdullahi Umar Ganduje, met with all Ondo State governorship aspirants on April 25th, 2024, in Abuja
“During the meeting, he urged them to cooperate with the party’s candidate and incumbent Governor of Ondo State, Honorable Lucky Orimisan Aiyedatiwa. Despite this, Senator Jimoh Ibrahim Folorunso proceeded to sue the Governor and APC, blatantly disregarding party instructions.
“Additionally, he has engaged in anti-party activities by urging his supporters in Igbotako and Ondo State to join NNPP, claiming he will soon receive the gubernatorial ticket from them.
“Senator Jimoh has openly declared his intent to disrupt APC before leaving the party, as evidenced by his actions in the Federal High Court in Abuja and his derogatory remarks about APC in various media outlets.
“For emphasis, Senator Jimoh Ibrahim Folorunso has been suspended from the All Progressives Congress (APC) with immediate effect, and he is hereby prohibited from participating in any APC activities nationwide.” the letter added
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