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ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

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ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

…As NEC appeals to organized labour to shelve planned strike

By: Michael Mike

The Vice President, Senator Kashim Shettima, has identified stability as one of the primes in the economic agenda of the Tinubu administration for the year 2024.

This is just as the National Economic Council (NEC) has appealed to the Organised Labour to shelve its planned strike, saying President Bola Tinubu remains committed to the welfare of Nigerian workers.

The Vice President stated that government at the federal, state and local government levels must remain committed to reevaluating their priorities, streamlining processes, and making bold decisions that would reflect key social issues, including social protection, social investment and nutrition.

Senator Shettima stated this on Thursday at the 136th meeting of the National Economic Council (NEC) held in the Council Chamber of the Presidential Villa, Abuja.

NEC, a statutory body that has the mandate to advise the President on the nation’s economic affairs, is chaired by the Vice President, with the Governors of the 36 states of the federation, the Governor of the Central Bank of Nigeria (CBN), Minister of Finance and other stakeholders as members.

In his opening address at the NEC meeting titled, ‘Planning for Stability: Our Agenda for Economic Growth in 2024’, Vice President Shetimma reminded the governors and other members of NEC that the weight of the tough decisions to rescue Nigeria’s economy depends on their cooperation and goodwill.

He noted that what has set President Bola Ahmed Tinubu apart as a Nigerian leader is the courage to embark on fixing the country’s economy through bold reforms.

Identifying stability as a major priority in next year’s economic agenda, the VP said, “It took courage to embark on fixing an economy hindered by decades of political lip service. But that’s what has set President Bola Ahmed Tinubu apart: his bold reforms to reposition the economy and save it from further erosion.

Other highlights of the meeting are as follows;

ACCOUNTS BALANCES:

Excess Crude Account: – $473,754.57

Stabilization Account – N34,936,868,803.58

Development of Natural Resources – N128,330,636,441.14

The Governor of Kogi State and chairman of the Committee on impact of Flood and Disaster Across the States in Nigeria, Yahaya Bello, categorized states based on degrees of damage.

He classified the states as:

Group A
States with over 15 points (most affected)
Anambra, Bauchi, Bayelsa, Benue, Borno, Kogi, Nasarawa, Niger, Rivers, Enugu, Kano, Oyo, Yobe, Zamfara
Group B
States with 10-15 points
Cross River, Delta, Jigawa, Kwara, Ondo
Group C
States with less than 10 points
Katsina, Abia, Adamawa, Akwa Ibom, Bauchi, Ebonyi, Edo, Ekiti, Gombe, Imo, Kaduna, Katsina, Kebbi, Lagos, Ogun, Osun, Plateau, Sokoto, Taraba, FCT.

COUNCIL RESOLUTION:

NEC resolved to develop a roadmap for intervention and directed NEMA to provide immediate intervention on relief to affected states. Roadmap to be developed and articulated by NEC with the Chairman of the Nigeria Governors Forum.

Presentation on the Joint Planning Board (JPB) And National Council on Development Planning (NCDP)

The presentation on the National Council on Development Planning (NCDP) and the Joint Planning Board (JPB) meetings serve as a platform for bringing together Senior Officials from Federal and State ministries, as well as other related Agencies responsible for Budget and Economic Planning, Representatives of the Organized Private Sector, the Academia, Development Partners and Civil Society Organizations to engage in in-depth discussions on economic policy issues, with a view to propose an optimal approach for enhancing economic management processes at both National and Sub-national levels.

B. Status Report on the Implementation of Key Resolutions of the 21st Edition of the JPB/NCDP Meetings

i. The FMBEP should collaborate with the States in the process of designing a template for harvesting the status of implementation of the JPB/NCDP resolutions, factoring the peculiarities of each State. i. The FMBEP should collaborate with the States in the process of designing a template for harvesting the status of implementation of the JPB/NCDP resolutions, factoring the peculiarities of each State.

C. Energy Sufficiency for Sustainable Economic Development: Options for Nigeria

i. Government at all levels should promote the migration of Heavy-Duty Industries/Transport systems from fossil fuel to Gas Infrastructure;

ii. Given the new Electricity Act that empowers States and individuals to participate in all components of the energy sector, State Governments should carry out energy audit to determine Energy needs and explore areas for collaboration with the private sector based on their comparative advantage; iii. States should develop small hydropower plants, on or off-grid, and solar, for communities and MSMEs; iv. The three tiers of Government should institute initiatives for the promotion of attitudinal change regarding energy use, wastage, and theft; and v. The government should promote Research and development, Local Content, New Energy (Hydrogen, Biofuels) Prototype Investments for energy sufficiency.

COUNCIL RESOLUTION:

Council noted that the meeting was successful and approved regular interaction and synergy among commissioners of Economic Planning across the federation.

PRESENTATION ON THE PRESIDENTIAL COMMITTEE ON FISCAL POLICY AND TAX REFORMS

The chairman of the Committee Mr. Taiwo Oyedele made presentation to the NEC on the fiscal policy and Tax Reforms, disclosing that the Committee was set up by His Excellency, President Bola Ahmed Tinubu, GCFR, to review and redesign Nigeria fiscal system with respect to:

(1) Revenue mobilisation, both tax and non-tax

(2) Quality of government spending and

(3) Sustainable debt management in addition, the committee will identify relevant measures to make Nigeria an attractive destination for investment and facilitate inclusive Economic growth.

Deliverables and outcomes

The expected outcomes from the work of the committee will include, but not limited to the following:

  1. Repeal of existing taxes and levies especially those that are suboptimal, obsolete or unduly burdensome and enactment of new harmonised tax laws;
  2. Preparation of a harmonised list of taxes and levies, not exceeding a single digit in number and covering all levels of government;
  3. Review of the 2017 National Tax Policy to produce a new National Policy on Tax and Fiscal Policy for ratification by the federal and state governments;
  4. A national fiscal risk framework for efficient fiscal governance, fiscal consolidation and stability;
  5. Draft bills for constitutional amendments on fiscal matters to promote fiscal federalism;
  6. Enhancements to the revenue administration system to improve revenue mobilization and a robust framework for tax revenue accounting and reporting to improve taxpayer trust;
  7. Establishment of National Office of Tax Ombudsman, Fiscal Policy and Tax Simplification.

COUNCIL RESOLUTION

Council noted the presentation

UPDATES ON PALLIATIVE DISTRIBUTION ACROSS THE STATES

The Governor of Kwara State, Abdulraman Abdulrazaq gave an update on the distribution of palliatives across the States. He told Council that members are making progress and urged them to re-double efforts as states looked forward for more interventions.

ECONOMIC STABILITY IS OUR PRIORITY IN 2024 AGENDA – VP SHETTIMA

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Nigeria, UAE to Strengthen Partnership and Collaboration

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Nigeria, UAE to Strengthen Partnership and Collaboration

By: Michael Mike

Plans are underway to further strengthen areas of partnership and collaboration between Nigeria and the United Arab Emirates (UAE).

This way revealed during the visit of the Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa to the Embassy of UAE in Abuja following the removal of the visa ban by placed on Nigeria by the Arab country.

Dabiri-Erewa who was received by the UAE Ambassador to Nigeria, Salem Saeed Al-Shamsi, stated that NiDCOM intends to engage and sensitize Nigerians in the UAE to be good ambassadors of their country of stay and country of origin, to excel in whatever they are doing and never to forget home.

She added further “this initiative aims to foster better understanding and compliance with local regulations”, while She disclosing that 190 Nigerians were repatriated to Nigeria, with an additional 250 expected to return soon.

She said the actions of individuals in a host country can greatly impact the overall image of their home country, noting that the role of Western media imperialism in perpetuating negative stereotypes about Nigerians.

The UAE Envoy on his part, explained that the visa ban on Nigeria has been officially lifted.

He confirmed that the Visa on Arrival policy has been canceled for all countries, but assured that the new procedures are designed to facilitate tourism and ensure travelers’ safe return.

The Ambassador expressed his commitment to providing the best possible services for Nigerians, with the support of the determined Nigerian government.

He also acknowledged the UAE’s role in safely repatriating 96 Nigerians at no cost.

Marking his one-year anniversary as the UAE Ambassador to Nigeria, Al-Shamsi shared his positive impressions of Nigeria, describing it as a beautiful country with warm-hearted people who share similar cultural, religious, Android ethnic backgrounds with the UAE.

He expressed his eagerness to continue collaborating with NiDCOM to strengthen ties between the two countries.

Nigeria, UAE to Strengthen Partnership and Collaboration

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UK Government Hosts Stakeholder Meeting on Serious and Organised Crime

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UK Government Hosts Stakeholder Meeting on Serious and Organised Crime

By: Michael Mike

The United Kingdom Government has hosted a multi-stakeholder meeting in Abuja to discuss how its Serious & Organised Crime (SOC) Prevent Programme is making significant strides in deterring vulnerable young people from joining Organised Crime Groups in Nigeria.

Launched as a three-year pilot in December 2021, the programme is designed to disrupt Nigerian Organised Crime Groups by redirecting at-risk youth towards positive alternatives in Bayelsa, Edo, Zamfara and Lagos states.

In select local governments of these states, the SOC Prevent Programme has established robust structures and delivered various interventions, including Back-to-School Initiatives, Digital Skills Acquisition, Dance and Drama Workshops and Sports Interventions.

Collaborating closely with the Nigeria Police Force, the programme has trained 83 officers in the Prevent methodology, reinforcing the commitment to institutionalise this approach in tackling SOC, and to date, approximately 1,500 beneficiaries across the four states have been diverted from potential involvement in organised crime.

Speaking at the meeting, the Acting British High Commissioner to Nigeria, Gill Lever said: “Serious & Organised Crime is a priority for both Nigeria and the UK, and can take many forms. Ranging from online focussed activities like cybercrime to the physical movement of illicit commodities and people in the form of trafficking.

“Our results in Nigeria have proven that the Prevent methodology works, and it has been successful in diverting young people from choosing a life of crime. I believe that the valuable discussions that took place today will smoothen the way for Prevent to be fully institutionalised in Nigeria.”

The meeting included representatives from the Federal Ministry of Justice, Ministry of Police Affairs, the Nigeria Police Force, Nigeria Security & Civil Defence Corps (NSCDC), National Agency for the Prohibition of Trafficking in Persons (NAPTIP), National Drug Law Enforcement Agency (NDLEA), INTERPOL, Office for Strategic Preparedness and Resilience (OSPRE), Ministry of Police Affairs, Defense Intelligence Agency (DIA), Economic and Financial Crimes Commission (EFCC), and others.

The Prevent programme is an approach to tackling SOC. Others are Pursue, Protect and Prepare. Prevent methodology looks to prevent or deter people from engaging in SOC by raising awareness of the consequences of SOC and developing techniques to deter people from continuing in criminality.

UK Government Hosts Stakeholder Meeting on Serious and Organised Crime

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Adeola Odutola College 79/84 set celebrate 40 years in grand style with multi-million naira donation of solar street light to school

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Press Statement

Adeola Odutola College 79/84 set celebrate 40 years in grand style with multi-million naira donation of solar street light to school

By: Michael Mike

All is now set for the commissioning of multi-million naira installed solar street light by Adeola Odutola College 1979-1984 set as part of the activities lined up to commemorate the 40 years of leaving the school on Friday July 19.

In a statement, the set said the celebration which had earlier been kicked off with a thanksgiving in the Church on Sunday June 16, to mark the 75 years Founder’s Day, will witness a special Jumat service for the commemoration in the school.

According to Abiodun Balogun, the President of Adeola Odutola College Old Students Association 1979-1984 set, stated that the programme will start with the set participating in the morning assembly with the students from 8 a.m followed by a courtesy call on the Principal and Management of the school.

Thereafter, he said there would be commissioning of the installed solar street light at 11.00 a.m donated by the set to the school.

Balogun said the set will join the Muslim community of the School to observe a Jumat service specially for the set .

Other activities lined up for the anniversary include a get together and gala nite where the old students will reunite and reminiscence of their five years stay in the school.

Balogun added that the set is grateful to God for His benevolence on them as it has produced Professors and academicians, top civil servants, businessmen and women, educationists among several others both at home and in the diaspora.

It will be recalled that the set regrouped in 2014 to mark its 30 years in existence with renovation of some classrooms in the school.

Adeola Odutola College 79/84 set celebrate 40 years in grand style with multi-million naira donation of solar street light to school

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