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SUBSIDY REMOVAL: NEC SETS UP AD-HOC COMMITTEE TO LIAISE WITH LABOUR UNION LEADERSHIP
SUBSIDY REMOVAL: NEC SETS UP AD-HOC COMMITTEE TO LIAISE WITH LABOUR UNION LEADERSHIP
Urges State Governments to upscale distribution of palliatives
Mourns military personnel killed in Niger State
By: Our Reporter
In a bid to create a forum for dialogue towards resolving issues surrounding the petrol subsidy removal across the States, the National Economic Council (NEC) has constituted an Ad-hoc Committee to engage with the leadership of labour unions.
The decision was reached at the 135th meeting of NEC chaired by the Vice President, Sen. Kashim Shettima in Abuja on Thursday.
The committee comprises the Nigerian Governors Forum Chairman, AbdulRahman AbdulRazaq; Governor of Anambra State,Chukwuma Soludo; Chairman of Progressives Governors Forum, Hope Uzodinma of Imo State; PDP Governors Forum Chairman, Bala Mohammed of Bauchi State, and Abia State Governor, Alex Otti.
Vice President said the committee will liaise with the leadership of labour unions in the country to find a way forward on the emerging issues in the interest of the nation.
Council also received progress reports on the ongoing nationwide distribution of rice, grains, fertilizer, other items to States and N5 billion financial support, provided by the Federal Government and commended the Central Bank of Nigeria (CBN) and the National Emergency Management Agency (NEMA) for their interventions.
Council then noted various interventions by State governments and urged them to upscale the distribution of palliatives towards alleviating the suffering of citizens especially the vulnerable groups.
NEC also mourned the death of some military personnel in Niger State and observed a minute silence in honour of deceased, while commiserating with their families.
Below are other highlights of the meeting:
Excess Crude Account from 19th July to 14th August, 2023, $473,754.57
Stabilisation Account from 18th July to 14th August, N30,346,557,405.12
Natural Resources Account from 18th July to 14th August 2023, N115,175,616,159.65
PRESENTATION OF PRELIMINARY ASSESSMENT OF IMPACT OF FLOOD DISASTER ACROSS THE STATES IN NIGERIA BY GOVERNOR OF KOGI STATE
The Governor at the 128th NEC Meeting held on 20th October, 2022, the Chairman of the Nigeria Governor’s Forum and Executive Governor of Sokoto State, Rt. Hon. Aminu Waziri Tambuwal, drew attention of Council to the devastating effect of the 2022 flooding which affected about 31 States of the Federation that had resulted in the loss of over 600 lives, displacement of millions of people, destruction of hundreds of thousands of houses and submersion of thousands of hectares of farmlands and appealed for urgent intervention from the Federal Government to address the impact of the menace on the people and infrastructure.
Consequently, Council resolved to setup a 5-man Ad-hoc Committee on flooding comprising of Governors of Jigawa, Kogi, Anambra, Bayelsa, Lagos and Yobe State. The following were also coopted into the Committee:
Honourable Minister of Finance, Budget and National Planning
Honourable Minister of Water Resources
Honourable Minister of Agriculture and Rural Development
Honourable Minister of Humanitarian Affairs and Disaster Management
Governor of Central Bank of Nigeria
Director General, National Emergency Management Agency (NEMA)
The Terms of Reference of the Committee was to “Review the current flooding situation in the country and design a template for compensation of victims”.
The Committee had its inaugural meeting on Thursday 10th November 2022 at the Nigeria Governors’ Forum (NGF) Secretariat. Highlight of the Meeting were as follows:
The Committee acknowledged the urgency of the assignment and hence the need to expedite action in order to table a draft report at the next NEC Meeting.
A sub-committee was constituted to propose modalities to address imminent food crisis due to the flooding and possible source of funding for palliatives to victims. The Sub-committee was to be Chaired by the Executive Governor of Kebbi State and the following as Members: Ministries of Agriculture, Humanitarian, Finance, NEMA and CBN.
NEC Secretariat to develop and forward a Template with accompanying letter to all the affected States to collect data on Preliminary Assessment of the impact of the flood in the affected Communities, harmonize the data and produce report of their findings to the Committee.
LIMITATIONS
The exercise would have been more successful and effective if all the affected States had responded as and when due and according to provisions made in the template. Some of the limitations include the following:
Delay or Non-submission of filled template by some States. Only 16 out of the total number of affected States forwarded their submissions to NEC Secretariat to date as expected. About 15 others were yet to do so. The submission from defaulting States are awaited to update the database.
Some of the States that submitted did not fully complied with requisitions of the template thereby making some of their submissions difficult to process by the automated system. There is the need for compliance with laid down processes to allow for higher degree of uniformity especially considering the huge volume of data involved.
Only few States reached out to the Council Secretariat’s Technical Team for possible guidance and assistance in the exercise. States are encouraged to take advantage of the Secretariat’s personnel to address important concerns where necessary.
Only few States indicated financial implication for the damages caused thereby making it difficult to proposed a required amount of intervention.
Some submissions were not done according to the template which makes difficult to ascertain the financial implications of such states.
RECOMMENDATIONS
The plight of victims of the unfortunate flood disaster across affected States of the Federation could be alleviated if the much needed intervention from the Federal Government materialized without further delay.
There is therefore the need to expedite release of fund to affected States as recommended by designated Committees constituted by the Federal Government to that effect. This would go a long way in addressing the needs of the victims as well as offset debt incurred by some States to assist their citizens.
COUNCIL RESOLUTIONS
NEC Secretariat and officials of the Office of the Vice President to visit the affected states for on-the-spot assessment of the situation on ground. The exercise will authenticate the date submitted by state to determine needed intervention.
That Federal Government’s immediate intervention to be expeditiously carried out by NEMA, Ecological Fund Office and other relevant agencies. States to assure maximum cooperaton.
NEC resolves that all hands should be on deck to assure appropriate submission and data presentation. The quality of data collected should be enhanced to meet international standard. That the challenges of flooding deserves concerted and collective effort.
There is need to strengthen NEMA as a structure and sustainable adaptation measures for the citizens. In mobilizing resources to tem the tide of flooding, there is need to look beyond NEMA.
NEC Secretariat to come up with recommedations on the roadmap towards addressing the flood situtation.
PRESENTATION ON EXPLORING A NEC AGENDA FOR MACROECONOMICS STABILITY & SHARED PROSPERITY BY DG NESG
The Presentation was to inform the council on achieving low Inflation and stimulation Growth and Macroeconomic Objectives.
MACROECONOMIC STABILITY OBJECTIVES:
- High and stable economy
- Low Inflation Growth Price level
- unemployment Account
- Favourable Current low balance and stable exchange rate account balance
CURRENT MACROECONOMIC LANDSCAPE
- Investment inflows have dwindled since 2019, likewise the country’s investment/GDP ratio; Crude Oil exports and refined petroleum products imports dominate Nigeria’s trade structure.
- Nigeria’s Naira position against major trading currencies deteriorated
- Weak FX supply and heightened demand for imports remains core drivers of exchange rate instability; market volatility persists despite recent FX alignment, driven by pressure on FX demand that widens the gap between official and parallel market rates due to inadequate supply and speculative tendencies; external reserves remain under pressure as external reserves fell by 8.3 percent from 37.1 billion in January 2023 to 33.9 billion in July 2023.
KEY CONSIDERATION FOR IMPROVING THE OUTCOMES OF FUEL SUBSIDY REMOVAL - Inflationary impact: Fuel subsidy removal will increase inflation. So, there is a need for robust social programmes.
- Efficiency in government spending: There has been a lack of clarity on how the government spends subsidy savings. This issue must be addressed.
- Investment in the downstream and midstream segments of the industry: Achieving this will reduce huge dependence on petrol imports and strike out the need to pay subsidies on fuel.
RECOMMENDATIONS:
The NEC must insist on pushing a national legislative reform agenda for national competitiveness. It is essential that nigeria resolves the legislative binding constraints to our national competitiveness, the nesg through nassber, our partnership with national assembly and nigerian bar association has identified over 115 legislations that hinder growth, in the last few years, 10 legislations have been passed (including the cama 2020 and the pia 2021.
COUNCIL RESOLUTIONS:
- Council commended NESG for its presentation especially on pragmatic roadmaps for tackling current economic challenges.
- It was noted that the recommendations contained in the NESG’s roadmap needs to be reviewed to align with existing economic agenda at the national and sub-national levels for pragmatic purposes.
SUBSIDY REMOVAL: NEC SETS UP AD-HOC COMMITTEE TO LIAISE WITH LABOUR UNION LEADERSHIP
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VP Shettima: Nigerian Youths Indispensable To Repositioning Africa
VP Shettima: Nigerian Youths Indispensable To Repositioning Africa
*** Says they’re the fulcrum of President Tinubu’s development agenda
By: Our Reporter
Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth empowerment as the foundation of Nigeria’s development strategy and Africa’s broader integration goals.
He, therefore, called for a unified effort to bridge generational divides in Nigeria, emphasising the pivotal role the youths play in shaping Nigeria and the continent’s future.
Speaking on Thursday during the 2024 Youth Legacy Conference at the Banquet Hall of the Presidential Villa, Abuja, Vice President Shettima noted that the youths are the fulcrum of President Bola Ahmed Tinubu’s renewed hope agenda with their prominent role in driving national progress.
VP Shettima who was represented by Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia, said, “There is no nation that can prosper without investing in its youth. They are not just leaders of tomorrow; they are also the anchors of today.
“President Tinubu is deeply committed to ensuring that the youth not only have a voice but are active participants in shaping our collective destiny.”
The event’s theme, “Shaping Africa’s Future with AfCFTA and Agenda 2063,” highlighted the alignment between Nigeria’s youth-focused initiatives and Africa’s development blueprints.
Senator Shettima noted that the African Continental Free Trade Area (AfCFTA) and Agenda 2063 present vast opportunities for young Nigerians to thrive as innovators, entrepreneurs, and leaders.
“AfCFTA is not just about trade; it is about creating opportunities for our youth to connect, innovate, and lead Africa into a new era of prosperity. Agenda 2063 envisions an integrated and prosperous Africa, but it is the energy, creativity, and resilience of our youth that will transform this vision into reality,” he said.
The Vice President commended initiatives like the Mandela Washington Fellows for their exemplary leadership and service, adding: “You have shown us what is possible when the youth are given the tools to succeed. Your work in education, healthcare, and social justice serves as an inspiration for generations to come.”
A key highlight of the conference was the launch of the Ubuntu Trade App, a digital innovation designed to bolster Africa’s trade integration and market access for young entrepreneurs.
Describing it as “a testament to the genius of our young minds,” Shettima lauded the app as a critical step in advancing Africa’s digital transformation.
“This app embodies the spirit of innovation that defines our youth. From agriculture to technology, our young people have consistently demonstrated their ability to create solutions that reshape industries and connect markets. Nigeria’s youths are the ladder upon which we climb to lead in technology, agriculture, and the creative industries,” VP Shettima said.
The Vice President also emphasised the administration’s deliberate inclusion of youth in governance and critical sectors.
He stressed: “Our engagement with the youth is not symbolic; it is a necessity. By infusing fresh ideas into seasoned experience, we create a synergy that strengthens our nation. You are not spectators; you are architects of the future. This government is your partner in progress, and together, we will shape a legacy that future generations will be proud of.”
Declaring the conference officially open, Shettima expressed confidence that the deliberations and initiatives launched would drive sustainable growth for Nigeria and Africa. “The future is bright because you are in it,” he added.
In his goodwill message, the United States Ambassador to Nigeria, Richard M. Mills, urged the association to build a network of a free trade area as a way of ideas and human connections between all the people of the African continent.
Mills, represented by the Deputy Chief of Mission, Embassy of the United States of America, David J. Greene, commended Vice President Shettima for his tremendous support towards the successful hosting of the event.
He said the fellowship provides leadership training, and networking opportunities for young Africans working to fast-track economic growth and prosperity to strengthen democratic institutions and to enhance peace security in communities, particularly Nigeria and across Africa.
“Over the past decades, the programme has facilitated the emergence of employment and promotion of thousands of young Africans,” the diplomat said.
Earlier, the Technical Adviser to the Vice President on Women, Youth Engagement and Impact, Hajiya Hauwa Liman, said the event is a testament to the federal government’s shared commitment to advancing Africa’s development by empowering its greatest resource—its youth.
She pointed out that the theme of this year’s conference speaks directly to the vision of a prosperous, integrated, and peaceful Africa driven by its people.
“The African Continental Free Trade Area (AfCFTA) offers a unique opportunity to redefine Africa’s economic trajectory, while Agenda 2063 provides the roadmap for the Africa we want—a continent of shared prosperity, unity, and innovation.
“Today, as we launch the Ubuntu Trade App, we mark a significant milestone in fostering intra-African trade, empowering young entrepreneurs, and creating access to markets that transcend borders.
“As we gather here, let us remember that Africa’s future rests in our hands. With over 60% of Africa’s population under the age of 25, we have a demographic advantage that, if harnessed effectively, can position our continent as a global powerhouse,” she further noted.
In her welcome address, President of the Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN), Ms Farida Yahaya, said the association has made significant strides in addressing Nigeria’s most pressing challenges.
She explained that the essence of the association lies in its commitment to the principle of “service before self,” adding that the alumni have exemplified this ideal by dedicating their time, energy, and resources to uplift their communities and nation.
She stated: “We were inspired, equipped, and empowered by the Mandela Washington Fellowship to become catalysts for positive change. Today, as we reflect on this remarkable decade, we are awed by the collective impact of our alumni.
“Our association has been more than just a network; it has been a movement. We have come together, driven by a shared passion for service and a commitment to making a difference.
“We have broken barriers, challenged the status quo, and made significant strides in addressing Nigeria’s most pressing challenges. From grassroots initiatives to national policy reforms, our impact has been far-reaching and enduring.”
The President said that the association remains steadfast in its mission to create a better Nigeria by leveraging its network, skills, and resources to drive sustainable development, foster social cohesion, and inspire the next generation of leaders.
“We must also think beyond ourselves and consider the legacy we want to leave for future generations by nurturing young talent, providing mentorship, and fostering a culture of innovation,” she said.
Also present at the event were the Minister of State for Youth Development, Mr. Ayodele Olawande; Executive Vice Chairman, Nigerian Communications Commission (NCC), Engr. Aminu Maida, and Director-General of the National Youth Service Corps (NYSC), Brigadier-General Yusha’u Ahmed, among others.
VP Shettima: Nigerian Youths Indispensable To Repositioning Africa
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Lawan praises Buni’s accomplishments in Yobe
Lawan praises Buni’s accomplishments in Yobe
By: Yahaya Wakili
The President of the Ninth Senate, Senator Ahmed Ibrahim Lawan PhD, GCON, Sardaunan Bade, Yobe North Senatorial District, has said that since assuming office on May 29th, 2019, the Executive Governor of Yobe State, Rt. Hon. Mai Mala Buni CON, has spearheaded significant accomplishments that have transformed the socio-economic fortunes of Yobe State.
The former Senate President maintained that one of his notable achievements lies in the realm of governance transparency, where he has implemented measures to enhance accountability and public trust.
“In making this a reality, Governor Buni strengthened the Yobe State Bureau of Public Procurement established in 2007 by the Public Procurement Act to promote transparency in government contracting, ensuring that contracts are awarded based on merit and that public funds are utilized efficiently.
According to Senator Lawan, as a prudent manager of resources, Governor Buni’s diligence as an astute administrator won Yobe State the World Bank’s overall top performer award on State Fiscal Transparency, Accountability, and Sustainability (SFTAS) in Nigeria.
“His impactful leadership positioned the state as a trailblazer in due process and transparency when it comes to the conduct of government business and application of public funds, Senator Lawan added.
He maintained that the Buni-led administration has adopted transparency mechanisms that guide the implementation of a biometric payroll system to eliminate ghost workers and streamline the state’s wage bill.
The president of the 9th Senate revealed that these initiatives have strengthened public finances and instilled a culture of accountability within the government.
Lawan praises Buni’s accomplishments in Yobe
News
ECOWAS Court Orders ₦10 Million in Compensation in favour of Nigerian Student for Human Rights Violations
ECOWAS Court Orders ₦10 Million in Compensation in favour of Nigerian Student for Human Rights Violations
By: Michael Mike
The Economic Community of West African States (ECOWAS) Court has held the Federal Republic of Nigeria accountable for the unlawful detention and mistreatment of Nigerian student Glory Okolie.
The Court in a ruling on Thursday awarded ₦10 Million in compensation and issued directives to safeguard human rights.
The case arose from the detention of Glory Okolie on 13 June 2021, by Nigerian police authorities without judicial authorization.
According to the Applicants, Okolie, along with One Love Foundation and Incorporated Trustees of Behind Bars Human Rights Foundation, she was denied access to legal counsel, subjected to forced labor, and physically abused during her detention.
The Applicants argued that these actions breached several human rights instruments, including the African Charter on Human and Peoples’ Rights and the Revised ECOWAS Treaty, seeking declarations, reparations, and a cessation of Nigeria’s unlawful conduct.
The Federal Republic of Nigeria refuted the claims, citing Okolie’s alleged connection to the Indigenous People of Biafra (IPOB), a proscribed group linked to terrorist activities. The Respondent justified her detention as a matter of national security.
In the Judgment delivered by Honourable Justice Ricardo Cláudio Monteiro Gonçalves, the Judge Rapporteur, the Court found that Okolie’s prolonged detention without judicial authorization contravened Article 7 of the African Charter, violating her right to a fair trial. The Court also found that her deprivation of liberty, absent legal justification, breached Article 6 of the African Charter. Therefore, it ordered the Federal Republic of Nigeria to compensate Glory Okolie by paying her ₦10 million for the violations she suffered. It also ordered the Federal Republic of Nigeria to cease the harassment, ensuring non-repetition of such acts.
Meanwhile, The Court dismissed the claims of the co-applicant NGOs for procedural reasons.
The three-member panel of the Court were Honourable Justice Ricardo Cláudio Monteiro Gonçalves (presiding judge and judge rapporteur), Honourable Justice Sengu Mohamed Koroma (panel member), and Honourable Justice Edward Amoako Asante (Panel member).
ECOWAS Court Orders ₦10 Million in Compensation in favour of Nigerian Student for Human Rights Violations
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