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VP Shettima assures FG’s determination to develop economic policies to drive investment

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Vice President, Kashim Shettima, on Tuesday assured Nigerians of the determination of the Tinubu administration to continue to develop economic policies and programmes that will drive investments.

The Director of Information, Office of the Vice President, Mr Olusola Abiola, in a statement, said Shettima gave the assurance when the board and management of the Nigerian Economic Summit Group (NESG), led by the Chairman, Mr Olaniyi Yusuf, paid him a courtesy visit at the Presidential Villa.

The Vice President also reiterated the commitment of the Federal Government toward creating more jobs, especially in agriculture and the digital sector.

He said, “The President is determined to redefine the meaning and concept of modern leadership, rest assured that we will continue to develop policies that will drive investments.”

Shettima explained that the Federal Government would, among other measures, enhance engagements and partnerships with the private sector, including the NESG, to achieve its objectives.

“I will suggest that we have a quarterly mini-summit (between the NESG and the NEC) so that we can digest the previous three months, cross-pollinate ideas and come up with robust solutions to our nation’s challenges.

“It is absolutely essential because the world today is knowledge driven. Nobody has the monopoly of ideas that is why we have to constantly engage with you.”

On harnessing Nigeria’s population for economic development, Shettima noted that the trajectory of global growth was facing Africa and Nigeria would make or mar that transition.

“The anticipated demographic bulge by 2050 where we are expected to be the 3rd most populous nation on earth is a major factor.

“Nigeria is a unique nation; we have to make it work. Opportunities abound everywhere. By 2035, there will be over 65 million global talent deficits. USA, Russia and China will have six million talent deficits. We are at a unique position to take advantage and create jobs in the digital world.

“We have the capacity to turn the anticipated demographic bulge into demographic dividends or they will be the demographic disaster that will consume all of us.

“So, it is absolutely in our self-enlightened interest to salvage our country. Agriculture, digital education and energy transition, in terms of infrastructure, are some of the key areas that we will focus attention on,” Shettima added.

Earlier, the Chairman of the NESG, Mr Yusuf, said the visit was to congratulate Shettima and offer the group’s support for the Tinubu administration, especially in strategic areas of the economy.

“The NESG offers its support and is always willing to assist the new government in its strategic priorities and initiatives aimed at actualising the mandate of the President Bola Tinubu administration,” he said.

He said different sector experts from the NESG would always be available to provide technical and associated support for the National Economic Council and other key interventions by the Federal Government.

Also present at the meeting with the VP were the Chief Executive Officer of NESG, Mr Laoye Jaiyeola; former NESG Chairman, Mr Kyari Bukar; NESG Chief Operating Officer, Dr Tayo Aduloju, and Lumun Feese, among others.

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NSCDC arrests 11 pipeline vandals in Benue

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The Anti-Vandal Unit of the Nigerian Security and Civil Defence Corps has arrested 11 suspected pipeline vandals opposite the depot of the Nigerian National Petroleum Corporation Limited at Apir, a suburb of Makurdi, Benue State capital.

The State Commandant of the corps, Yakubu Ibrahim, who disclosed this on Saturday said that following an intelligence report, the command dispatched its team to the area opposite the NNPCL depot at Apir.

Ibrahim said that the team discovered an illegal vandalisation of an NNPCL pipeline also known as the Yola line at the location.

Ibrahim said, “Eleven persons were apprehended at the crime site and they will be taken for questioning and profiling.”

While describing the activities of the vandals as an “act of terrorism,” the commandant said the destruction which stretches over 10km was an economic sabotage.

“This is my first time. I’ve never seen a thing like this before. It’s disheartening that these excavated pipelines which may have cost so much would be sold for pittance, indicative that the well-being of the Nigerian people was never in their consideration,” the commandant said.

Ibrahim expressed sadness over what he described as a “conspiracy of silence” by the residents and traditional rulers of the community near the scene of the incident. He, however, promised to investigate if they were found complicit.

He urged the people of the state to be more vigilant and more conscious of activities in their environment.

Items recovered at the site were the vandals’ working equipment with 16 cut pipelines.

In late April 2024, men of the Benue State Community Volunteer Guards arrested two pipeline vandals in Yakyor in Apir, a suburb of Makurdi.

The culprits were trailed and arrested at the weekend after they had sold the first batch of the loot for N400,000 and shared the money, according to Joseph Har, the Special Adviser to Governor Hyacinth Alia on Security and Internal Affairs.

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SERAP sues 36 governors, FCT minister over FAAC allocations

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The Socio-Economic Rights and Accountability Project has sued Nigeria’s 36 governors and the Minister of the Federal Capital Territory, Abuja,Nyesom Wike.

They were sued for failing “to account for the spending of trillions of Federation Account Allocation Committee allocations collected by their states and the FCT since 1999″.

This was contained in a release on Sunday by SERAP’s Deputy Director, Kolawole Oluwadare.

The release said the lawsuit followed reports that the FAAC disbursed N1.123 trillion to federal, state, and local governments for March 2024. They shared N1.208 trillion in April. States collected N398.689 billion in March while they collected N403.403 billion in April.

In the suit numbered FHC/ABJ/CS/666/2024 filed last Friday at the Federal High Court, Abuja, SERAP asked the court to “direct and compel the governors and Wike to publish spending details of the FAAC allocations collected by their states and the FCT since 1999 including the list and locations of projects executed with the money.”

The organisation also asked the court to “compel the governors and Mr Wike to invite the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission to probe any allegations of corruption linked to the allocations and to monitor how the money is spent”.

It argued that, “Nigerians ought to know in what manner public funds including FAAC allocations, are spent by the governors and FCT minister.”

“Opacity in the spending of the FAAC allocations collected by the governors and Mr Wike would continue to have negative impacts on the fundamental interests of the citizens,” SERAP said.

It noted that trillions of FAAC allocations received by Nigeria’s 36 states and the FCT have allegedly gone down the drain.

It believes that, “Directing and compelling the governors and FCT minister to provide the information sought and widely publish the spending details of the FAAC allocations collected by them would serve legitimate public interests.”

It added, “The failure by the governors and the FCT ministers to account for the spending of the FAAC allocations collected by them is entirely inconsistent and incompatible with the Nigerian Constitution 1999 [as amended] and the country’s international anti-corruption obligations.”

The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare, Kehinde Oyewumi and Andrew Nwankwo, read in part, “States and the FCT should be guided by transparency and accountability principles and proactively account for the spending of the FAAC allocations collected by them.

“Secrecy in the spending of FAAC allocations collected by the governors and the FCT minister also denies Nigerians the right to know how public funds are spent. Transparency in the spending would allow them to retain control over their government.

“The governors and FCT minister have a legal obligation to provide the information sought including the list of specific projects completed with the FAAC allocations collected, the locations of any such projects and completion reports of the projects.

“The information sought should also include details of the salaries and pensions paid from the FAAC allocations collected, as well as the details of projects executed on hospitals and schools with the FAAC allocations.

“Despite the increased FAAC allocations to states and FCT, millions of residents in several states and the FCT continue to face extreme poverty and lack access to basic public goods and services”

It added, “The reported removal of petrol subsidy and the floating of the exchange rate by the Federal Government has translated into increased FAAC allocations to states and the FCT. However, there is no corresponding improvement in the security and welfare of millions of Nigerians.

“FAAC allocations received by the states and the FCT are reportedly characterised by mismanagement, diversion of funds, and abandoned projects. FAAC allocations have also been allegedly spent for other purposes such as election campaigns and political patronage.

“Publishing the documents on the spending of FAAC allocations by the states and the FCT would promote transparency, accountability, and reduce the risks of corruption in the spending of the funds.

“Publishing the documents would also enable Nigerians to meaningfully engage in the implementation of projects executed with the FAAC allocations collected.”

SERAP noted that the report that “some 140 million Nigerians are poor suggests corruption and mismanagement in the spending of trillions of naira in FAAC allocations collected by the states and the FCT”.

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Soludo sacks 21 Anambra transition committee chairmen 19th May 2024

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Anambra State Governor, Chukwuma Soludo, has sacked all transition committee chairmen across the 21 local government areas of the state.

This is contained in a letter titled ‘Expiration of tenure and handover to Heads of Local Government Administrations (HLGAs),’ dated May 17, 2024, and signed by the state Commissioner for Local Government, Chieftaincy and Community Affairs, Collins Nwabunwanne.

The order takes effect from Monday, May 20, 2024.

The letter read, “Following the expiration of your tenure as Transition Committee Chairman, you are hereby directed to handover the affairs of your Local Government Council to the Head of Local Government Administration (HLGA), in your respective Local Government Councils.

“This directive takes effect from Monday, 20th day of May, 2024. Thank you for your service to the state.

“All replies to be addressed to the Honourable Commissioner.”

The last time LG elections were held in Anambra State was towards the end of former Governor Peter Obi-led administration in 2014.

Since then, the local governments have been run by caretaker committee chairmen.

It was 10 years in January 2024 since the elections were last held, after the administrations of another former governor, Willie Obiano, and incumbent, Soludo.

During a forum organised by the International Peace and Civic Responsibility Centre in collaboration with the African Centre for Leadership and Development in December 2023, stakeholders including monarchs, clerics and residents, urged Soludo to conduct elections in the 21 LGs in the state, adding that governance is suffering at the grassroots due to the non-elected officials.

Meanwhile, Soludo had, during the 2021 governorship campaign and even at his swearing-in as the state governor on March 17, 2022, assured all that he would conduct LG elections within six months in office.

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