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LEAKED DOCUMENTS ON FISCAL POLICY PROPOSALS NOT OFFICIAL
LEAKED DOCUMENTS ON FISCAL POLICY PROPOSALS NOT OFFICIAL
By: Bayo Onanuga
The attention of the Presidency has been drawn to two fiscal policy documents in circulation that are being given wide coverage by the mainstream media and social media platforms.
One of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were an executive order signed by President Bola Ahmed Tinubu.
The other is a 65-page draft document with the title “Accelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy. President Tinubu received a copy of the draft on Tuesday.
We urge the public and the media to disregard the two documents and cease further discussions on them. None is an approved official document of the Federal Government of Nigeria. They are all policy proposals that are still subject to reviews at the highest level of government. Indeed, one has ‘draft’ clearly written on it.
According to the Coordinating Minister of the Economy, Mr. Wale Edun, “It is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalised.
“We assure the public that the official position on the documents will be made available after comprehensive reviews and approvals are completed.”
Emanating from the two documents have been reports second-guessing government’s policy on customs tariffs, fuel subsidy and other economic matters.
“The government wants to restate that its position on fuel subsidy has not changed from what President Bola Ahmed Tinubu declared on 29 May 2023. The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed,” Edun stated.
The Coordinating Minister of the Economy further clarified: “As previously stated by government officials, including myself, President Tinubu announced the end of the fuel subsidy program last year, and this policy remains firmly in place.
“The Federal Government is committed to mitigating the effects of this removal and easing the cost of living pressures on Nigerians.
“Our strategy focuses on addressing key factors such as food inflation, which is significantly impacted by transport costs. With the implementation of our CNG initiative, which aims to displace high PMS and AGO costs, we expect to further reduce these costs.
“Our commitment to ending unproductive subsidies is steadfast, as is our dedication to supporting our most vulnerable populations”.
We call on the media to always exercise necessary checks and restraints in the use of documents that do not emanate from official channels so that the members of the public are properly informed, guided and educated on government policies and programmes.
LEAKED DOCUMENTS ON FISCAL POLICY PROPOSALS NOT OFFICIAL
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COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
By: Our Reporter
The Managing Director of the Nigerian Education Loan Fund NELFUND, Akintunde Sawyerr, has visited Borno State to engage with students, educators, and government officials, highlighting the benefits of the NELFUND initiative.
NELFUND, an initiative of President Bola Ahmed Tinubu’s Renewed Hope Agenda, aims to provide all higher institution students with access to financial resources, enabling them to pursue their educational goals and aspirations at ease.
The Managing Director NELFUND Akintunde Sawyerr emphasized his commitment to revitalizing education in the country, stating that the loan programme is designed to also reduce unproductivity and unhappiness amongst Nigerians students, which often lead to broader societal issues.
Sawyerr explained The loan’s modalities, which include creating an online profile as a prerequisite for application, clarifying that the loan is interest-free and does not require a fixed repayment period, making it accessible and flexible for students.
Borno State Commissioner for Education, Science, Technology, and Innovation, Lawan Abba Wakilbe, reiterated the state government’s commitment to facilitating student access to the loan, hence announced the establishment of a dedicated desk officer for NELFUND in the state Ali Sherriff to work in collaboration with the Special Adviser to governor Zulum on Higher Education and other educators.
This initiative, Wakilbe added will guide students throughout the application process and ensure they fully understand THE benefits of the loan, which he described as a low-risk grant and encouraged all eligible students to take advantage of the programme.
During the session, questions were raised seeking further clarification, where the Managing Director provided detailed responses, shedding more light on the programme and its benefits.
COMMISSIONER OF EDUCATION RECEIVES MD NELFUND IN MAIDUGURI; INTERFACES WITH STUDENTS AND ERADICATORS
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STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
By: Our Reporter
The Nigerian Army Resource Centre (NARC), Abuja, marked yet another significant milestone, as participants of the Strategic Leadership Programme Phase 11/2024 successfully graduated in a brief but colourful ceremony at Hall C, TY Buratai Block of the Centre.
The graduation ceremony followed an intensive five-day executive education course programme, conducted in collaboration with King’s College London, an initiative designed to enhance human resource capacity and deepen participants’ understanding of leadership in an evolving global environment.
The course brought together senior officers of the Armed Forces of Nigeria, government officials, retired senior military officers and professionals from the private sector, equipping them with critical insights into the contemporary complex and dynamic challenges and how to navigate through.
The Special Guest of Honour, Acting Chief of Army Staff, Lieutenant General OO Oluyede GSS mni was represented by the Chief of Training (Army), Major General SG Mohammed, who presented certificates to the participants, thus underscoring the programme’s importance in fostering strategic thinking and professional growth.
The event was further enriched by the esteemed presence of the Director General of NARC, Major General GA Wahab (Rtd), PhD, alongside some management staff the centre and consultants, distinguished members of academia from King’s College London, directors, resource persons, and senior officers, both serving and retired.
The ceremony, further highlighted the enduring partnership between NARC and King’s College London in advancing leadership excellence and human capital development in Nigeria.
STRATEGIC LEADERSHIP EXCELLENCE: NARC AND KING’S COLLEGE LONDON PARTNER TO ENHANCE HUMAN CAPITAL DEVELOPMENT
News
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
By: Our Reporter
On Thursday, 21st November 2024, the Nigerian Army Resource Centre (NARC), Abuja, welcomed students from Madonna University, Department of International Relations on an academic field trip designed to enhance their understanding of the practical dimensions of International Relations and Diplomacy. The visit formed a core part of the students’ academic programme, specifically their International Relations Study (IRS) 482 course, which integrates practical learning to bridge the gap between theory and real-world applications.
Major General GA Wahab (rtd) PhD, the Director General of NARC, delivered a compelling presentation titled “Impact of the Military on Nigeria’s External Relations.” He outlined the military’s significant contributions to Nigeria’s foreign policy and international engagement, emphasising its role as a crucial pillar of national power. General Wahab further explained that a country’s foreign policy is deeply influenced by internal factors such as leadership, national security, public opinion, economic conditions, and social structures, as well as external factors, including international relations and global order. He stressed the importance of aligning internal stability with foreign policy goals to foster effective international diplomacy.
The interactive session allowed students to explore the military’s strategic role in Nigeria’s external engagements and its impact on global diplomacy. Accompanied by two faculty members, the students expressed appreciation for the hands-on learning opportunity, which deepened their understanding of how theoretical concepts translate into practical realities.
In his vote of thanks, the team leader, Dr Jude Odigbo, Head, international relations department, thanked the DG NARC for the warm reception, wonderful and enriching presentation and the collaboration between academia and strategic institutions like NARC. He highlighted the importance of such partnerships in developing graduates equipped with practical knowledge and leadership skills necessary for national development.
The field trip underscored the Nigerian Army Resource Centre’s commitment to fostering academic and professional collaboration while promoting awareness of the military’s multifaceted contributions to Nigeria’s development and diplomacy. This initiative serves as an exemplary model of how academic institutions and national establishments can work together to prepare future leaders.
Present at the occasion were Major General AS Ndalolo mni, the Executive Director Consult at NARC, Brigadier General SK Usman (rtd) mni and Lieutenant Tosin Taiwo.
MADONNA UNIVERSITY STUDENTS VISIT NIGERIAN ARMY RESOURCE CENTER TO LEARN THE MILITARY’S ROLE IN INTERNATIONAL RELATIONS
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