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SUBSIDY REMOVAL: NEC SETS UP AD-HOC COMMITTEE TO LIAISE WITH LABOUR UNION LEADERSHIP

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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 TO ONDO PEOPLE: The Sun Will Shine Brighter In Sunshine State With Aiyedatiwa’s Re-election

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November 13, 2024

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VP SHETTIMA TO ONDO PEOPLE: The Sun Will Shine Brighter In Sunshine State With Aiyedatiwa’s Re-election

*** Says President Tinubu fully behind gov to sustain APC’s commitment to their well-being

By: Our Reporter

The Vice President, Senator Kashim Shettima, has implored the people of Ondo State to re-elect Governor Lucky Aiyedatiwa and his deputy, Dr. Olayide Adelami, in Saturday’s governorship election in the state, assuring that the duo will bring hope, prosperity, unity and ensure the sun continues to shine brighter in the Sunshine State.

Specifically, the VP told the electorate in the state to ensure their votes collectively become their voice, conviction and message to those underestimating the strength and will of the state.

Senator Shettima gave the charge on Wednesday while addressing the mammoth crowd that thronged the MKO Abiola Democracy Park, Akure, for the grand finale of the All Progressives Congress (APC) governorship campaign in the state capital ahead of the gubernatorial election.

His words: “Governor Aiyedatiwa is not merely campaigning to hold onto a position—he is campaigning to bring hope, prosperity, and unity to every corner of Ondo State. I am confident he is the leader who can turn these ambitions into realities.

“This election is more than a choice between two candidates. It is a choice between progress and stagnation, between unity and division. It is a chance to stand with a party that has consistently delivered and with a leader who truly understands the heartbeat of Ondo.

“So, as you go to the polls, remember what we stand for. Remember what you deserve: a governor with the experience, the compassion, and the strength to keep pushing Ondo toward greatness. Let’s secure Ondo’s future together. Let’s vote APC, and let’s re-elect Governor Lucky Aiyedatiwa.”

Extending President Bola Ahmed Tinubu’s goodwill to the people of the state, VP Shettima said the President who is fully in support of Aiyedatiwa is confident that the Governor’s re-election will sustain the commitment of the governing APC to the people’s well-being.

“Today, I bring you the goodwill of His Excellency, President Bola Ahmed Tinubu, who would have loved to be here today but is currently engaged in securing critical development and investment opportunities for our nation at a summit in Saudi Arabia. Yet, he is with us in spirit, and he has fully endorsed the Aiyedatiwa-Adelami ticket as the torchbearers of prosperity for Ondo State,” he stated.

The Vice President urged the people of Ondo to look beyond what he described as “distractions and the noise from the usual suspects,” even as he told them to “look instead at the integrity and stability the APC has brought to this state.

“Look at the work we’ve done to strengthen our economy, even if the gains may not always be immediately visible. And consider the real, practical solutions the APC offers to make the sun shine brighter in Ondo State,” he added.

Palpably elated by what he termed “the passion” in the faces of the teeming APC supporters in the state, Shettima said he would have asked Governor Aiyedatiwa to return home and wait for them to deliver their mandate to him, adding however that the moment of the campaign grand finale was necessary “to celebrate ahead of election day.

The VP further described Governor Aiyedatiwa and his deputy as men of exceptional courage and leaders who have been tested by challenges that would have deterred many, noting that the Governor “has shown remarkable resilience in building a formidable force for the APC here in Ondo.

“From overcoming politically motivated attacks to uniting our great party, he has proven himself not just a survivor but a leader who stands strong for the good people of the Sunshine State,” he further noted.

Earlier, the Governor of Ondo State and candidate of the APC for the Saturday governorship election, Aiyedatiwa, urged the people to vote for APC.

After asking the mammoth crowd which party they would vote for, and receiving a resounding cheers from the people, he said, “The former Governor of blessed memory, Rotimi Akeredolu, would be happy seeing all of you vote APC to win the election.”

Aiyedatiwa said the late Governor once told him that he would succeed him, and would be glad to see this happen come next Saturday.

Governor Aiyedatiwa observed a minute silence in the late Akeredolu’s honour, telling the crowd that while he was not out to engage in a long statement, the citizens could as well attest to the level of development happening in the state, even as he promised that by the time he returns, he will do his best.

In his remarks, National Chairman of APC, Dr. Abdullahi Umar Ganduje, vowed that “by the grace of God come Saturday the 16th of November, Governor Aiyedatiwa will win the gubernatorial election.”

He asked the people of Ondo to come out en masse and vote for Aiyedatiwa, adding that “a vote for the Governor is a vote for unity, a vote for peace and a vote for development.

At the end of his remarks, Ganduje invited Vice President Shettima to hand over the party’s flag to the Governor and candidate of the party.

Earlier, the Vice President had paid homage to the Deji of Akure Kingdom, His Royal Majesty, Oba Ogunlade Aladetoyinbo Aladelusi, in his palace where he commended the royal father for preservation of the rich cultural heritage of the kingdom for many centuries.

VP Shettima said Akure stands proudly as a testament to the greatness that lies in heritage and unity, adding that the kingdom had long been inspiring the nation.

“This place of gathering and governance, preserved across centuries, serves as a pillar of cultural integrity and continuity. The enduring structure of this palace, a monument over 850 years old, is a reminder that Akure’s strength and grace remain constant through generations,” he stated.

Responding, the traditional ruler commended President Tinubu’s administration for his recent approval for the establishment of a teaching hospital in Akure.

“His Excellency, the Vice President, help me to convey my appreciation to the President; he just approved our teaching hospital. Akure is the only state capital that doesn’t have a teaching hospital. The president has just approved it last week. So, help me convey our gratitude to him sir,” the royal father said.

He commended Governor Aiyedatiwa for approving a five per cent monthly allocation for traditional rulers in the state, imploring the people of Akure to vote massively for the APC in next Saturday’s governorship election in the state.

Also present at the campaign rally were Chairman of Nigerian Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq; Chairman of Progressives Governors’ Forum and Imo State Governor, Sen. Hope Uzodimma; Ogun State Governor, Dapo Abiodun; Lagos State Governor, Babajide Sanwo-Olu; Ekiti State Governor, Abiodun Oyebanji; Senator Adams Oshiomhole; Secretary of APC National Campaign Council for Ondo State Governorship Election, Senator Ovie Omo-Agege, and former Deputy Governor of Edo State, Philip Shaibu, among many other dignitaries.

VP SHETTIMA TO ONDO PEOPLE: The Sun Will Shine Brighter In Sunshine State With Aiyedatiwa’s Re-election

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DISBURSEMENT OF FUNDS FOR COAS SPECIAL SCHOLARSHIP SCHEME FOR INDIGENTS STUDENT 2024 BY COMMANDER 18 BRIGADE NIGERIAN ARMY

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November 13, 2024

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DISBURSEMENT OF FUNDS FOR COAS SPECIAL SCHOLARSHIP SCHEME FOR INDIGENTS STUDENT 2024 BY COMMANDER 18 BRIGADE NIGERIAN ARMY

By: Our Reporter

As part of the Nigerian Army’s (NA) commitment to Civil-Military intervention programs, the Commander 18 Brigade NA, Brigadier General Taiye Ahmed, on 12 November 2024, presented a cheque of Five Hundred Thousand Naira (N500,000) to Miss Binta Abubakar Yahaya, a beneficiary of the Chief of Army Staff (COAS) Special Scholarship Scheme for Indigent Students 2024.

The presentation took place at 18 Brigade, Litani Barracks Bida, Niger State. Brigadier General Ahmed in his remarks, congratulated Miss Binta Abubakar Yahaya on her selection, acknowledging her dedication and potentials. He stated that the COAS Special Scholarship Scheme is a key initiative aimed at offering financial supports to deserving indigent students to help them achieve their academic aspirations ,particularly tertiary education. Brigadier General Ahmed emphasized that the NA is a gender-sensitive institution dedicated to supporting both male and female students who show promises and dedication.

He further highlighted that the scholarship program underscores the NA’s broader commitments to community welfare, contributing to the upliftment of young Nigerians and ensuring that financial constraints do not hinder capable minds from realizing their potentials. During the ceremony, a minute silence was observed in honor of the Late COAS Lt Gen TA Lagbaja NAM,underscoring the Army’s enduring respect and remembrance for its fallen leader who was the initiator of the Scholarship Progeamme.

The event was widely attended by a cross section of dignitaries from the local community , including local authorities, traditional rulers, heads of security agencies as well as the media. The Representative of the Etsu Nupe and the Local Government Chairman in their separate remarks, praised the NA for yet another highly impactful gesture for societal development and encouraged Miss Binta to remain dedicated to her studies.

The Beneficiary, Miss Binta Abubakar Yahaya (an orphan) who hails from Bida Local Government Area and a student of the Department of Business Administration, at Ibrahim Badamasi Babangida University, Lapai, Niger state, expressed her deep gratitude to the NA and pledged to work hard in her studies to honor the trust and privilege granted to her. The high points of the event was the presentation of the cheque to Miss Abubakar Yahaya and souvenirs to the invited guests.

DISBURSEMENT OF FUNDS FOR COAS SPECIAL SCHOLARSHIP SCHEME FOR INDIGENTS STUDENT 2024 BY COMMANDER 18 BRIGADE NIGERIAN ARMY

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NLNG donates 970 bags of rice, 3,740 cartons of spahagetti to Borno Flood Committee

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12 hours ago

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November 13, 2024

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NLNG donates 970 bags of rice, 3,740 cartons of spahagetti to Borno Flood Committee

By: Our Reporter

Borno state Flood Relief Disbursement Committee has taken delivery 970, 50kg bags of rice and 3,470 cartons of spaghetti from the Nigeria-Liquified Natural Gas (NLNG).

Receiving the items on behalf of Borno State government, chairman of the committee Engineer Ba Bukar Gujbaw thanked NLGN for the support.

He assured that the items donated will be used for the purpose intended.

Managing Director and chief Executive officer Nigeria-Liquified Natural Gas NLNG, Dr Philip Mshelbila said the items was to cushion the impact of the September 10 flood disaster.

Represented by the Head, Government relations, Mr Philip Yakubu, the team handed over the food items and conveyed their message of condolence to the government and people of the state over the huge loss.

Mr Yakubu said they were in the state to assist the government and NGOs in returning the people back to their normal lives.

The NLNG team were at the flood relief distribution centre and also the palace of His royal highness the shehu of Borno Dr Abubakar Garbai El-kanemi to pay homage and receive blessings.

NLNG donates 970 bags of rice, 3,740 cartons of spahagetti to Borno Flood Committee

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