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AT 2ND CHRONICLE ROUNDTABLE:

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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:

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NHRC Calls for Reforms in Correctional Centres, Cites Systemic Bias

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NHRC Calls for Reforms in Correctional Centres, Cites Systemic Bias

By: Michael Mike

The Executive Secretary of the National Human Rights Commission (NHRC), Dr. Tony Ojukwu has called on stakeholders to reflect on the values that Nelson Mandela embodied, including justice, dignity, equality, and compassion, as the world commemorates World Mandela Day.

Dr. Ojukwu made this call in a statement on the eve of the commemoration, noting that Mandela’s legacy serves as a powerful reminder of the need to promote and protect human rights, particularly in Nigeria’s correctional centers.

According to him, the current state of Nigeria’s correctional centres, which are overcrowded, under-resourced, and lack basic sanitation and healthcare, reflects a failure of infrastructure, justice, and humanity.

He lamented that thousands of citizens are held in pre-trial detention for years due to poverty and lack of access to justice, while the rich have greater access to quality legal defense and bail, perpetuating systemic bias.

The NHRC Executive Secretary urged the Nigerian government, judicial authorities, private sector, and civil society to prioritize comprehensive reforms in detention facilities and correctional centers, including improving conditions, investing in alternatives to pre-trial detention, ensuring speedy trials, and upholding the rights of inmates.

Ojukwu emphasized the need to tackle the root causes of incarceration, such as poverty, unemployment, and lack of access to justice, in order to build a society that values the dignity and human rights of all individuals, regardless of their socio-economic status.

Nelson Mandela Day is celebrated annually on the 18th of July.

NHRC Calls for Reforms in Correctional Centres, Cites Systemic Bias

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Ondo State Government Signs MOU with Backbone Infrastructure for 500,000 BPD Oil Refinery

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Ondo State Government Signs MOU with Backbone Infrastructure for 500,000 BPD Oil Refinery

By: Michael Mike

The Ondo State Government has signed a Memorandum of Understanding (MOU) with Backbone Infrastructure Limited for the establishment of a 500,000 barrels per day oil refinery and development of free trade zone in Igbotiri, Ilaje Local Government Area of the state.

The signing ceremony took place at the Governor’s office in Akure.

The Secretary to the State Government, Dr. Taiwo Fasoranti represented the Governor, Dr. Lucky Aiyedatiwa at the ceremony.

He described the proposed investment as timely and strategic, assuring the investors of a peaceful and business-friendly environment.
 
He emphasized that the project would boost the state’s economy, create meaningful job opportunities, and reduce crime.

In his remarks on behalf of Backbone Infrastructure, the Vice President, Legal & Corporate services, Barrister Wale Adekola expressed appreciation to the Ondo State Government for the opportunity to partner in the infrastructure development of the State and assured of his company’s commitment to ensure successful delivery of the two projects.

Similarly, the Managing Director / Chief Executive of Backbone Infrastructure Nigeria Limited, Engr. Henry Owonka, revealed that the two projects would be accompanied by basic infrastructure such as roads, terminal storage tanks, and other facilities that will change the landscape of the State.
 
According to the MOU breakdown on the Refinery, Backbone Infrastructure Limited will hold 65% equity, while the Ondo State Government will hold 20% and the Nigerian National Petroleum Corporation Limited (NNPCL) will hold 15% stake.
 
Meanwhile, the investors have expressed confidence in the leadership and vision of the Aiyedatiwa-led administration, citing the clarity of purpose and support they have received as the reason for choosing Ondo State as their investment destination.

The state government equally pledged its support for the project, which is expected to transform the state’s economy and create jobs.

Present at the signing of the MOU were the Secretary to the State Government, Dr. Taiwo Fasoranti. Attorney General and commissioner for Justice, Kayode Ajulo, SAN , the ONDIPA Team while the Backbone team was led by Dr. Steve Dike, a member of the Board of Directors representing the Chairman, Senator Ken Nnamani, Managing Director/CEO Engr. Henry Owonka, the Vice President, Legal & Corporate Services, other members of the management team from the Backbone infrastructure limited among other top government functionaries.

Ondo State Government Signs MOU with Backbone Infrastructure for 500,000 BPD Oil Refinery

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Police arrest notorious gunrunners in Benue, recover rocket launcher, AK-47 rifles, thousands of ammunition

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Police arrest notorious gunrunners in Benue, recover rocket launcher, AK-47 rifles, thousands of ammunition

By: Zagazola Makama

Operatives of the Force Intelligence Department–Intelligence Response Team (FID–IRT) have arrested two notorious arms traffickers and recovered a cache of deadly weapons in Abinsi town, Guma Local Government Area of Benue State.

Sources from the Benue State Police Command confirmed the development Thursday, describing the arrest as a major breakthrough in ongoing efforts to curb the proliferation of illegal arms fueling insecurity in the North-Central region.

According to the sources, the suspects led by one Adikwu Ikwulono, a known illegal arms dealer were apprehended on Wednesday following credible intelligence.

Recovered from the suspects were one rocket launcher, five AK-47 rifles, and thousands of rounds of 7.62mm live ammunition.

Police say preliminary investigations revealed that the arms were being assembled for delivery to a gang of armed herders and bandits operating around the Benue–Nasarawa border, with plans to launch coordinated attacks on several communities in Benue State.

“The suspects are currently undergoing intensive interrogation with the FID, while efforts are ongoing to apprehend other members of the arms-smuggling syndicate,” the police sources said.

Police arrest notorious gunrunners in Benue, recover rocket launcher, AK-47 rifles, thousands of ammunition

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