Connect with us

News

AT 2ND CHRONICLE ROUNDTABLE:

Published

on

AT 2ND CHRONICLE ROUNDTABLE:

  • President Tinubu Taking Wise, Statesmanly Decisions – Assures VP Shettima
  • Lists subsidy removal, other policies as options taken to save Nigeria
  • Says nation’s economy will witness positive changes after the sacrifices

By: Our Reporter

Again, Vice President Kashim Shettima has implored Nigerians to be patient with the administration of President Bola Ahmed Tinubu as he steers the ship of state through the economic turbulence and storm he met on ground on assumption of office.

“Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices. Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people,” he declared.

Senator Shettima made the appeal on Thursday during the 2nd Chronicle Roundtable organized by 21st Century Media Services, publishers of 21st CENTURY CHRONICLE, as part of its public service enlightenment series, at Ladi Kwali Hall, Abuja Continental Hotel, Abuja.

The Vice President who was the Guest Speaker at the roundtable explained some key policy decisions taken by the Tinubu administration as well as its Economic and Social Agenda, including the removal of subsidy on petroleum products, which he described as the ‘biggest elephant in the room’ before President Tinubu took charge.

Appealing for patience and time to address the serious challenges he said they met on ground, especially the nation’s ailing economy which was already tottering towards an eclipse, Shettima said, “We look forward to the positive impact on the economy that will be brought by some of our new initiatives in the oil and gas sector, creative arts sector, the newly rejigged steel and solid minerals sectors, our housing sector, the blue economy, and the digital sectors, to mention but a few.

“There is no doubt that there’s a time to plant and a time to reap. In between those times, we appeal for patience and seek collective sacrifice from all, especially from us. We wish there were a way to treat this ailment without surgery”.

While delivering his speech titled, “Because These Shortcuts Are Not The Right Ways,” the VP noted that though the decision to remove fuel subsidy was quite tough considering its negative impact on the lives of the citizens, it became an inevitable option when it was discovered that the immediate past administration of former President Muhammadu Buhari did not make provision for it in the 2023 budget.

He explained: “His Excellency, President Bola Ahmed Tinubu, chose the option that would save the life of the nation, instead of one that would merely prolong its imminent and predicted economic death. Before we took charge, the biggest elephant in the room was the question of fuel subsidy removal.

“We understood why our predecessor made the decision to remove it and refused to budget for it in their final fiscal year. The year before we took office, Nigeria’s debt service-to-revenue ratio had grown to 111.8%. The anticipated debt crisis may sound like fancy economic jargon to the man on the street, but you and I are in a better position to understand how such miscalculations have played out in other countries. It’s an economic death sentence.

“In plain terms, our debt servicing was such that if you earned, say, N100,000, the entirety of the money wasn’t only paid to your debtor; you were forced to borrow an additional N11,800 to pay the debtor. How do you intend to survive this, and how many more loans before you become a pariah?

“We are not even discussing the nation’s budget deficits, diversions of resources from critical sectors of the economy, and corruption masterminded in the subsidy regime.”

Acknowledging that government is a continuum, the VP said whoever had “succeeded the previous government would have either chosen to steer the ship through the storm as President Tinubu is doing or jumped ship and let the country implode.”

He observed that those who contested the presidency with President Tinubu did not feel morally justified to question the decision to remove fuel subsidy because it was part of the solutions they also tabled before Nigerians.

“This was because, whether in handling the subsidy matter or the forex crisis, they had also promised the solutions we had adopted. Those who attempted to eat their words were instantly proven wrong by data, history, and their antecedents—those emotionless reality checkers,” he pointed out.

Senator Shettima regretted that for long Nigeria had endured economic sabotage, leading to the resolve by Governor of the Central Bank of Nigeria, Mr. Yemi Cardoso, and the National Security Adviser, Malam Nuhu Ribadu, “to take matters into their hands to neutralise the overpowering influence of currency manipulators who had conspired to frustrate our reforms.

“Today, I stand proud to say that their interventions have translated into desired results, and Naira’s pushback against all odds is an inspiring journey that doesn’t have to be learned in Buenos Aires, as some would want us to do,” he added.

Earlier in his opening remarks, chairman of the Ministry of Finance Incorporated and former Finance Minister, Dr Shamsudeen Usman, praised the content of the Renewed Hope Agenda of the Tinubu administration, describing it as one of the most detailed and carefully crafted policy document in the history of the country.

He stressed the need for the Renewed Hope Agenda document to be reviewed and integrated into the medium and long-term development framework of the country, noting that policy consistency with a long-term vision to transform critical sectors of the economy, is the way to go.

Dr Usman also commended the administration’s establishment of a central coordination delivery unit to track the performance of programmes, policies and key interventions of the Federal Government, insisting that the monitoring of key performance indicators in the policy document was critical to the success of the government.

On his part, the CEO of 2nd Chronicle Newspaper, Malam Mahmud Jega had while welcoming guests to the event, said the need to critically analyse government policies and programmes was not just an expectation from the media but indeed borne out of the necessity to collectively contribute in shaping the nation’s development trajectory.

Also present at the event were the Minister of Information, Alhaji Mohammed Idris; Special Adviser to the President on Political Matters, Dr Hakeem Baba Ahmed; Chairman of 21st Century Chronicle, Amb. Gbara Awanen; notable leaders in the media industry, Dr Ishaq Moddibo Kawu; Mallam Garba Shehu; Mr Segun Adeniyi, and Malam Mahmud Jega, among others.

AT 2ND CHRONICLE ROUNDTABLE:

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Military

NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

Published

on

NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) has reinforced its commitment to combating corruption by inaugurating new heads of its Anti-Corruption and Transparency Unit (ACTU) and unveiling a robust Corruption Prevention Strategy.

Commandant General (CG) of NSCDC, Prof. Ahmed Audi on Wednesday charged the newly inaugurated ACTU heads to lead by example, enforce compliance without fear or favour, and resist undue pressure by upholding the values of integrity, transparency, and accountability.

The CG, represented by the Deputy Commandant General (Administration), DCG Adeyinka Ayinla, delivered the keynote address at a one-day sensitization workshop, inauguration ceremony, and integrity award event held at the Corps’ National Headquarters in Abuja.

Audi stated that the new NSCDC Corruption Prevention Strategy is designed to reduce misconduct, promote due process, and reinforce internal discipline within the Corps. He applauded the support of President Bola Tinubu, through the Minister of Interior, Honourable Olubunmi Tunji-Ojo.

Also speaking at the event, the Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Dr. Musa Aliyu, stressed that corruption undermines service delivery, erodes public confidence, distorts development priorities, and weakens the security architecture of a nation.

Aliyu, represented by Mr. Olusegun Adigun, assured the NSCDC of the Commission’s continued partnership in championing preventative measures across Ministries, Departments, and Agencies (MDAs), and appreciated the Corps for its strong anti-corruption posture.

Earlier, the Chairman of the NSCDC ACTU, Acting Commandant Audrey Obeh, described the gathering as a “transformative moment” and a testament to the Corps’ dedication to integrity and national development. She commended the Commandant General for his visionary leadership, which has provided an enabling platform for the ACTU to thrive.

“The inauguration of ACTU Heads, integrity awards, and unveiling of the NSCDC corruption prevention strategy all demonstrate how we are intentionally strengthening the pillars of accountability within our system,” Commandant Obeh stated.

A key highlight of the event was the presentation of integrity awards to deserving officers and staff.

The CG of NSCDC, Prof. Ahmed Audi, received the Integrity Champion and Visionary Award.

The erstwhile Chairman of NSCDC ACTU, Commandant of Corps Remi Ekundayo, bagged the Distinguished ACTU Chairperson Emeritus Award.

Other recipients included ASCII Amanze Abraham Onyedikachi (ACTU Integrity, Ethics and Compliance Award), and CSC Aremu Rafiu (Kwara State Command), CSC Akinwande Adesola Comfort (Oyo State Command), SC Umar Abubakar Ladan (Borno State Command), and SC Yusuf Ibrahim Yusuf (Jigawa State Command), who all received the ACTU Outstanding Performance and Distinguished Service Award.

Goodwill messages were also delivered by representatives from sister agencies, including the Controller General of Immigration, the Director General of the National Emergency Management Agency (NEMA), and the National Identity Management Commission (NIMC).

NSCDC Intensifies Anti-Corruption Fight, Inaugurates New Heads of Anti-Corruption and Transparency Unit

Continue Reading

News

Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

Published

on

Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

By: Michael Mike

Indigenous contractors have cried to federal government to immediately pay them for contracts they have fully agreed executed in order to stem the tide of death of their counterparts and severe hardship all of them of continued to bear due to continued non-payment of what is due to them.

The group who thronged the federal ministry of finance for the second day running to protest non-payment of over N500 billion to indigenous contractors for contracts already completed and since commission, lamenting severe hardship of contractors and called on the President to intervene immediately.

Speaking during the protest in Abuja, representatives of the Indigenous Contractors Association of Nigeria said the government’s failure to release payments for fully executed 2024 federal projects has pushed many contractors into financial distress, loss of property, illness and in some cases death.

Haruna Gabari, President of the Nigerian Indigenous Contractors Association, highlighted the non-payment of contractors for 2024 projects, expressing frustration over the federal government taking credit for contracts executed by contractors without providing the approved payments.

He said: “We are protesting the contract we executed on behalf of the Nigerian federal government, a contract commissioned and executed by the federal government, particularly by members of the National Assembly, who have taken credit for it. But so far, the federal government has not paid us.”

Gabari called for presidential intervention to ensure payment and accountability. He urged the President to direct the Minister of Finance and the Coordinator of the Ministry of Economy to release the outstanding funds.

“So what we are asking is that the president intervene and demand that the Minister of Finance and the Coordinator of the Ministry of Economy pay us our money,” he noted.

He criticized the Minister of Finance for alleged incompetence and its impact on the economy. He argued that unpaid contractors slow economic activity and blamed the minister for stagnation.

“He has shown himself to be irresponsible in his duties and incapable of handling such an important position. We are the leaders of the economy. When we pay the contractors, the economy moves. But as you can see, the economy is stagnant. It’s stagnant, nothing is moving,” he said.

Gabari highlighted the human cost of the delay in payments. He spoke of contractors who are sick, hospitalized, or have lost property due to the unpaid contracts, condemning the perceived indifference of the Ministry of Finance.

“Some of our members are dying. Some are in the hospital. Some have lost their property. In response to our disaster, the minister told us that people are dying every day. If contractors are dying, what’s so special about that? Because he’s asking us to die, and we’re asking ourselves to die too,” he stated.

He further warned of escalating consequences if payments are not made promptly. He implied that continued inaction could lead to further economic and social distress, pressing the urgency for immediate government response.

“Before the end of December, by His grace, he will be normal. He will join some of our members who have died,” he said, emphasizing the seriousness of the situation and the human toll of delayed payments.

Public Relations Officer of the Association, Rotimi Raheem, emphasized the ongoing delay in payment for 2024 contracts. He highlighted that despite repeated protests and official meetings, the contractors have yet to receive their dues.

“We were here, we protested, this is our third time of protesting. We protested about a month ago in National Assembly, in which the leadership of National Assembly met with the President and told the Minister of Finance, instructed the Minister of Finance to pay us. We have submitted our list for about three weeks ago. Up till now our payment has not been made,” he said.

He pointed out that the contractors have been persistent in their demonstrations to secure payment. Raheem noted that the protesters have been camping overnight and engaging directly with officials to press for immediate action.

“We started this protest yesterday and we slept here all through the night. A permanent secretary came out yesterday that our payment will be made before the month end. We told him we are not for that,” he said.

Raheem stressed the urgency for a prompt resolution within 48 hours, explaining that leadership is trying to negotiate a pathway to ensure the funds are released to contractors without further delay.

“We have called our leadership for negotiation this money, that we should give them way in, so that in the next 48 hours our money will be paid. But up till now, we are trying to convince our members to give them the way so that they can enter,” he said.

He further highlighted the accountability of the Finance Ministry in the delay,stressing that the failure to release funds reflects poorly on the ministry and undermines the economic contributions of contractors.

“The leadership of National Assembly met with the President and told the Minister of Finance, instructed the Minister of Finance to pay us. We have submitted our list for about three weeks ago. Up till now our payment has not been made,” he said.

Indigenous Contractors Call on President Tinubu to Pay Owed N500 billion Contract Money to Stop their Untimely Death

Continue Reading

News

Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

Published

on

Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

By: Michael Mike

The China Cultural Centre, Counsellor Yang Jianxing has explained that cinema is now emerging as the latest tool in building bilateral, stating that film and artistic collaboration would continued to be employed to boost Chino-Nigerian relations.

He made the declaration on Tuesday evening at the Chinese Embassy’s masterclass and special screening of the acclaimed documentary, ‘Rooting’ at the Zuma International Film Festival in Abuja.

Yang said the series of events is not only a cinematic feast, but also a dialogue between civilisations and a testament to friendship.

The counselor, who represented the Chinese Ambassador in Nigeria, Yu Dunhai described the featured documentary Rooting, filmed over four years in Yunnan Province, as “a condensed visual chronicle of China’s poverty alleviation efforts.”

He said the film follows a rural villager who escapes poverty with the help of targeted government policies and has earned multiple awards at international film festivals.

Yang said the film’s message mirrors the hopes of many Nigerians. “The film’s theme resonates deeply with the Nigerian people’s aspirations for national development and a better life, and we believe the authentic footage and heartfelt language will strongly resonate with audiences.”

While speaking further, he extended appreciation to festival organisers and key Nigerian film figures.

He said: “On behalf of the Chinese Embassy in Nigeria and the China Cultural Centre in Nigeria, I would like to express my sincere gratitude to the Zuma International Film Festival Organising Committee for their meticulous preparations and warm invitation.”

He also praised the Chinese filmmakers behind Rooting for travelling to Nigeria for the screening. “I extend my highest respect to Director Chai Hongfang and Director of Editing Zhou Xinxia, who have travelled all the way from China, and express my heartfelt thanks to China Harbour Engineering Company (Nigeria) Ltd. for their tremendous support,” he added.

Highlighting the cultural dynamism of both Nigeria and China, he observed that “China and Nigeria are world-renowned film-producing countries,” adding that Nollywood’s output of 2,500 films annually makes it the world’s second-largest film industry.

He described the Zuma Film Festival as “an important window for exchange and mutual learning between different civilisations.”

Jianxing also spotlighted China’s own cinematic growth. “In 2024, the number of screens in China exceeded 90,000, and the total box office reached 6 billion US dollars,” he said, noting the country’s evolution from black-and-white productions to a global film powerhouse.

He underscored the cultural weight of documentary filmmaking, despite limited commercial returns. “We should pay our highest respects to Director Chai Hongfang, Director of Editing Zhou Xinxia and their colleagues for their dedication and contributions to social progress,” he said.

Yang however announced that another Chinese documentary, SHENZHOU13, filmed by astronauts aboard the Shenzhou Space Station, would also be screened at the festival. “We believe this screening of Chinese films will be another beautiful chapter in the history of cultural exchange between our two countries,” he stated.

Yang while linking the event to broader policy, explained that the outcomes of the Fourth Plenary Session of the 20th CPC Central Committee emphasised deeper global cultural exchanges. He reminded the audience that 2026 is designated the China-Africa Year of People-to-People Exchanges, adding: “We look forward to deeper exchanges and cooperation between China and Nigeria in the film field, playing a bridging role in enhancing the friendship between the two peoples.”

Envoy: Cinema, Now Tool of Growing Chino-Nigerian Relationship

Continue Reading

Trending

Verified by MonsterInsights