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THE POSITION OF APC INITIATIVE FOR GOOD GOVERNANCE APC-IGG AND APC-IGG PROFESSORS WING ON PLANNED NATION WIDE PROTEST
THE POSITION OF APC INITIATIVE FOR GOOD GOVERNANCE APC-IGG AND APC-IGG PROFESSORS WING ON PLANNED NATION WIDE PROTEST
It is important to remember that, much like Rome, economic recovery cannot happen overnight, but it requires a solid foundation. Nigerians will agree that President Tinubu inherited an economy on the brink of collapse, characterized by a high level of indebtedness, with over 90% of revenue mortgaged to both foreign and domestic loans. Despite these challenges, the government, under the banner of Renewed Hope, has implemented measures to reshape the country’s economy since May 2023. These measures are particularly aimed at providing a brighter future for Nigerian youth.
One notable measure is the intervention and capitalization of MSMEs, including a N200 billion fund for various business segments across the country. Specifically, N50 billion in grants have been disbursed to over one million nano businesses, equitably distributed across all local government areas. Additionally, N150 billion in single-digit interest rate loans have been provided to hundreds of thousands of MSMEs nationwide. This initiative emphasises the significant role of state and local government authorities in grassroots development.
Furthermore, N75 billion in loans of up to N1 million each has been distributed, along with another N75 billion allocated to large-scale manufacturers employing up to 1,000 Nigerians per industry. These loans, offered at a single-digit interest rate with a five-year moratorium, are crucial for business intervention and development.The administration’s efforts extend to alleviating the short-term impact of fuel subsidy removal. To mitigate this, the government has invested N100 billion between July 2023 and March 2024 to acquire 3,000 units of 20-seater CNG-fueled buses. These buses will be allocated to major transportation companies based on travel intensity per capita, with participating companies accessing credit at 9% per annum with a 60-month repayment period. This responsibility also falls on state and local governments to ensure citizens benefit directly.
Moreover, the government inaugurated the Presidential Economic Coordination Council (PECC), involving a N2 trillion package with allocations for health and social welfare (N350 billion), agriculture and food security (N500 billion), the energy and power sector (N500 billion), and general business support (N650 billion).
To support indigent youths in tertiary institutions, President Tinubu signed the Access to Higher Education Act, 2023, on June 12, enabling students to access interest-free loans for their education.
Considering these efforts, it is essential to recognize that protests against the President might harm the economy. Instead, youths should focus on holding some of the state governors and local government chairmen accountable for economic failures, as most government policies are implemented through their channels.
The current administration, led by President Tinubu, has provided sufficient funds to state governors to meet their constituents’ demands. While the economy struggles, positive efforts by states can reduce the central government’s burden. Notably, the President has:
- Allocated N30 billion to each state to address food scarcity and hardship.
- Provided trailers of rice to each senator for their constituencies.
- Introduced a monthly stipend of N35,000 for federal workers.
- Distributed N430 billion among state governors.
The issue of local government autonomy is crucial to reducing neglect and poor economic management by state governors. While the new minimum wage of N70,000 is a step in the right direction, many states have yet to pay the previous N30,000 minimum wage, and youth protests on this matter have been sparse.
It is disappointing to see some of the state governors, who claim to be industrialists fail to manage state investments effectively, leading to over-reliance on FAAC and possibly subsequent bankruptcy. The President has laid a solid foundation for agricultural and electricity sector investments, yet few states have taken advantage of these opportunities. The pressure should not be solely on the President; state and local governments also play a crucial role.
In just one year, President Tinubu has made significant strides. State governors must be held accountable to support his efforts. If they do, Nigeria will undoubtedly improve.
Therefore, Nigerian youths should reconsider the path of agitation. Demand transparency and accountability from influencers and leaders. Opt for dialogue rather than protests. Nigeria’s renewed hope agenda promises a better future for all.
We however, also commend the laudable efforts of various state actors , the like of the Secretary to the government of the Federation, His Excellency Sen Dr George Akume of the skills and acumen he exhibited in mediation, negotiation and reconciliation with various labour leaders, which contributed tremendously, to the good and sustainable working relationship with the labour, as they disassociated with the protest.
That is the advantage of having experienced people in the government. Is like putting the square peg in a square hole.
Thank you.
Amb Musa Muhammed Tsoken National President, APC Initiative For Good Governance APC-IGG
THE POSITION OF APC INITIATIVE FOR GOOD GOVERNANCE APC-IGG AND APC-IGG PROFESSORS WING ON PLANNED NATION WIDE PROTEST
News
Cuba Blames U.S. Sanctions for Deepening Energy Crisis, Responds Cautiously to Reported $100m Aid Offer
Cuba Blames U.S. Sanctions for Deepening Energy Crisis, Responds Cautiously to Reported $100m Aid Offer
By: Michael Mike
The government of Cuba has intensified accusations against the United States over the island’s worsening electricity and economic crisis, while cautiously welcoming reports of a proposed $100 million American aid package amid growing humanitarian concerns.
In separate statements issued this week, Cuban President Miguel Díaz-Canel and government officials argued that the country’s severe power shortages, fuel scarcity, and economic hardship are direct consequences of decades-long U.S. sanctions and what Havana described as an increasingly aggressive “energy blockade.”
The latest developments come as Cuba experiences one of its most difficult periods in recent years, marked by prolonged blackouts, shortages of food and medicine, rising inflation, and mounting public frustration.
Díaz-Canel said the situation affecting Cuba’s National Power System had become “especially tense,” with authorities forecasting a deficit of more than 2,000 megawatts during peak evening demand.
According to the Cuban leader, fuel shortages alone were responsible for preventing the generation of at least 1,100 megawatts of electricity, significantly worsening blackouts across the country.
He accused Washington of deliberately obstructing fuel supplies to Cuba by threatening sanctions and punitive measures against countries and companies willing to trade with Havana.
“This dramatic worsening has a single cause: the genocidal energy blockade that the U.S. has imposed on our country,” Díaz-Canel declared.
The Cuban president argued that recent improvements in electricity supply during April demonstrated the direct relationship between fuel imports and power generation capacity.
He noted that the arrival of a single fuel tanker — out of the eight Cuba reportedly requires monthly — temporarily reduced electricity deficits and mitigated blackouts, though outages did not disappear entirely.
Díaz-Canel further accused sections of the U.S. media and political establishment of attempting to portray Cuba’s economic crisis as solely the result of government mismanagement while ignoring the impact of sanctions and economic restrictions.
According to him, neither the decades-old U.S. embargo nor the additional sanctions imposed during the administration of former President Donald Trump had succeeded in overthrowing the Cuban Revolution.
He alleged that more recent executive measures targeting fuel supplies, foreign trade, and investment in Cuba were specifically designed to increase suffering among ordinary citizens and provoke unrest against the government.
Despite the criticism, Havana has also reacted cautiously to reports that the United States Department of State had formally proposed an aid package valued at $100 million for Cuba.
In a separate government statement, Cuban authorities said it remained unclear whether the proposed assistance would come in the form of direct financial support or material aid such as fuel, food, or medicine.
The Cuban government said it was prepared to consider foreign aid offered in good faith and expressed openness to working with the Catholic Church in implementing humanitarian support efforts.
“We are willing to hear the details of the offer and how it would be implemented,” the statement said, while warning against any attempt to use humanitarian assistance for political leverage.
Havana maintained that the most meaningful support Washington could provide would be the easing of economic, commercial, financial, and energy restrictions imposed on the island.
Cuban officials argued that sanctions had intensified “as never before” in recent months, severely affecting nearly every sector of the economy and worsening living conditions for millions of citizens.
The latest exchange reflects the complicated and often confrontational relationship between Havana and Washington, which has remained strained for more than six decades despite intermittent attempts at diplomatic rapprochement.
While Cuba insists that U.S. sanctions are the central driver of its current crisis, critics of the Cuban government continue to point to structural inefficiencies, state control of the economy, and policy failures as major contributors to the country’s prolonged economic difficulties.
Nevertheless, the apparent willingness of both sides to discuss humanitarian assistance suggests a potentially significant, though cautious, opening for limited engagement amid escalating hardship on the island.
Cuba Blames U.S. Sanctions for Deepening Energy Crisis, Responds Cautiously to Reported $100m Aid Offer
News
Troops Arrest Suspected Gunrunner in Taraba State
Troops Arrest Suspected Gunrunner in Taraba State
By: Zagazola Makama
Troops of Operation Whirl Stroke (OPWS), in collaboration with Defence Intelligence Agency operatives and local vigilantes, have arrested a suspected gunrunner in Ardo-Kola Local Government Area of Taraba State.
Security sources said the arrest was made at about 7:45 a.m. on May 13 during an intelligence-led operation at Iware community in the area.
The suspect was reportedly apprehended following credible intelligence linking him to arms trafficking activities within the Amaseyo general area.
Preliminary interrogation revealed that the suspect was allegedly involved in illegal arms dealing, prompting his immediate arrest by the joint security team.
The suspect is currently in custody and undergoing further investigation, while security agencies say efforts are ongoing to dismantle arms trafficking networks operating within the state and surrounding areas.
Troops Arrest Suspected Gunrunner in Taraba State
News
Troops Rescue Kidnap Victim During Patrol in Kogi
Troops Rescue Kidnap Victim During Patrol in Kogi
By: Zagazola Makama
Troops of the Nigerian Army under Operation MESA have rescued a kidnap victim abandoned by suspected terrorists along the Obajana–Jakura–Tajimi axis in Lokoja Local Government Area of Kogi State.
Security sources said the rescue operation was carried out at about 9:00 a.m. on May 13 by troops of 12 Brigade during a fighting patrol along the old Obajana–Jakura–Tajimi road.
According to the report, the troops discovered the victim after suspected kidnappers abandoned him while fleeing from the advancing security personnel.
The rescued victim was subsequently reunited with his family after the operation.
Security patrols and clearance operations have continued along the route and adjoining communities as part of ongoing efforts to combat kidnapping and other criminal activities in the area.
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