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Cost of governance: Tinubu orders VP, MDAs to reduce travel expenses

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In a move to cut down on the cost of governance, President Bola Tinubu has ordered the Office of the Vice President and all Ministries, Departments and Agencies (MDAs) to cut down on all official travel, domestic and international trips expenses.

Recall that there had been a series of public outcry in 2023 regarding the huge number of delegates sponsored by the Government to attend the COP28 conference.

This move however signals that the Federal Government is willing to hearken to the voice of Nigerians to cut down on costs especially when the nation is grappled with a plethora of challenges such as huge debts.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who briefed State House Correspondents of the latest development, revealed that President Tinubu has, by his most recent directive, approved a massive cost-cutting exercise that will touch across the entire federal government of Nigeria and the offices of the president himself, the Vice President and the office of the First Lady.

According to the presidential media aide, official trips within the country, involving the President or the Vice President, will experience significant cost reductions. This is a result of the president’s directive to slash the substantial bills associated with allowances and estacode for security details traveling from Abuja to those states.

He said the security outfits within states, whether it be police DSS, or branches of the military, will frontline his protective detail when he travels to those states, a major cost-cutting initiative that will affect the Office of the Vice President as well as the office of the First Lady.

Ngelale also added that when any international travel is being approved, the following limits have been placed on all ministers of the Federation. Four members of their staff, appointees and the like will be allowed to travel with a minister on an official trip.

“For heads of agency, that will be limited to two members of staff allowed to travel on an official trip. Furthermore, the numbers that the President has now approved for official travel with him that will apply to his principal staff are as follows: on international trips the president has directed that no more than 20 individuals be allowed to travel with him.

“That number will be cut down to five in the case of the First Lady. Additionally, the number in the entourage on official international trips for the Vice President will be cut to five, the number that will be placed as a limit on the wife of the Vice President is also five.”

He explained that in terms of local trips, the President has approved a new limit of 25 members of staff to accompany him on domestic trips within the country.

He confirmed that the Office of the First Lady is now limited to 10 staff members to accompany her on official trips within the country. The Vice President will be limited to 15 members of staff on official trips within the country, while his wife will be limited to 10 members of staff on official trips within the country, the same as the first lady.

His words, “It is pertinent to note that there is a difference between the number of members of staff allowed to travel with the presiding officials to international trips and those that are allowed for domestic. You will find that the numbers on international trips are less than those allowed on domestic trips. This is because international trips are far more expensive across the board and the President is determined to bring total sanity and prudence to the management of the Commonwealth of our people.

“As a result of this, the President has directed that every federal MDA also including the office of the president itself and the Office of the Vice President as well as the offices of the first and Second Ladies, are affected and bound by this directive of the president.

“Henceforth, the President is insistent that the notion of government wastage, the notion of recurrent expenditure being in excess, the notion that government officials will be allowed to conduct their affairs in a way that is different from what we are asking of Nigerian citizens with respect to prudence and cost management, those days are over.

“The President is insistent that the prudence of government officials must reflect the prudence and efficiency of Nigerian citizens and this is the directive of the President. Thank you very much.”

When questioned if the new directive on restrictions will come in the form of an executive order, Ajuri simply replied, “With respect to the adherence to this most recent directive of President Bola Ahmed Tinubu. I believe we do not need to convince the officers of the federal government of Nigeria of the seriousness of the president with respect to how he will implement his directives.

“If there is anybody who feels that the directive of the President is not binding on them and who feels that the President will not uphold this directive in implementation and seeks to test it, they will do so at their own peril.”

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Nigeria’s money supply dropped to N92.3trn in March – CBN

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Nigeria’s money supply dropped marginally to N92.3 trillion in March 2024 from N93.9 trillion in February.

This is according to recent data from the Central Bank of Nigeria.

Experts have linked the development to CBN’s hike in interest rates.

Demand deposits increased from N26.8 trillion to N28.8 trillion, suggesting a preference among depositors for more liquid forms of money.

Similarly, currency outside banks surged from N3.4 trillion to N3.6 trillion as more Nigerians moved towards cash following the end of the apex bank’s controversial new naira note policy.

The naira has continued to depreciate against the dollar despite the CBN’s policy intervention. On Thursday, it further dipped to N1533.99 per dollar.

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Naira appreciates against dollar, ends week on good note

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The Naira appreciated against the dollar at the foreign exchange market barely 24 hours after depreciation.

FMDQ data showed that the N1497.33 appreciated against the dollar on Friday

This represents an N33.66 gain against the dollar compared to N1497.33 traded on Thursday.

Similarly, at the parallel market, the Naira appreciated to N1475 per dollar on Friday from N1555 on Thursday.

This showed that the Naira ended the week well after days of depreciation.

The country’s currency continued to experience instability since mid-April when it recorded months of appreciation.

Meanwhile, the Bureau De Change Operators had blamed forex scarcity for the continued depreciation of Naira.

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Police dismiss inspector for N29.8m theft, kidnapping

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The Nigeria Police Force has dismissed one of its officers identified as Adabo Mohammed for criminal conspiracy and armed robbery, among others.

Mohammed, who was an Inspector, alongside five others was said to be a member of an armed robbery gang allegedly responsible for the stealing of N29.8 million from a victim in Gwagwalada, Federal Capital Territory.

This was disclosed by the Force Public Relations Officer, Olumuyiwa Adejobi, in a statement issued at the Force Headquarters in Abuja on Friday.

The statement, titled, ‘Police speak tough on indiscipline, misconduct,’ noted that in a move to uphold professional standards within the Force, the Inspector-General of Police, Olukayode Egbetokun, stressed the Force’s intolerance to any form of indiscipline.

The statement read partly, “In a decisive move to uphold the highest standards of professionalism and integrity within the Nigeria Police Force, the Inspector General of Police, IGP Kayode Adeolu Egbetokun, has emphasised his administration’s zero-tolerance policy towards any form of indiscipline. He stressed that the mandate of the police is to serve and protect with honour and integrity, and as such all breaches of the core values of the NPF will be met with decisive action to maintain public trust and ensure justice.

“In line with this policy, all cases reported against personnel have been creditably attended to, and justice has been done appropriately. Many of the erring officers have been sanctioned, while some cases are still at the orderly room trial level, and will soon be concluded.

“For instance, a police inspector has been dismissed from service while three others were demoted to their previous ranks following thorough investigations which confirmed their involvement in various acts of indiscipline/crime.”

Adejobi added, “One Inspector Adabo Mohammed was dismissed for the offences of criminal conspiracy, armed robbery/kidnapping, and corrupt practice. The dismissed officer, along with five others were members of an armed robbery gang responsible for the robbery of the sum of N29.8 million from a victim in Gwagwalada, FCT as well as the kidnap of one Ikechukwu Emmanuel Okafor in Tunga Manje, and the collection of ransom sum of N4.4m. The ex-officer has been charged to court accordingly.

“Similarly, the trio of Inspectors Osagie Efford, Semiu Agbekin, and Francis Ahuen, attached to the Special Tactical Squad (STS), have been demoted to their previous rank of Sergeant for the extortion of some motorists in Abuja. The trio intercepted an unregistered Mercedes Benz at Gwarinpa, Abuja, and forced the occupants to part with the total sum of N29.4m.

“The matter when reported by one Harrison Gwamnishu (#HarrisonBBi18) via the social media platform ‘X’, was taken up and properly investigated. While the monies have been returned to the complainants, the officers were subjected to orderly room trial in line with extant laws, and have been demoted.”

The FPRO noted that some senior officers have “been subjected to the Force Disciplinary Committee hearings” to “scrutinise and address allegations of misconduct against higher-ranking officers of the Force.”

He assured the public that “these measures are taken with the utmost seriousness and are integral to restoring and maintaining their trust. He re-emphasised that the NPF is dedicated to fostering a culture of accountability and respect within all ranks to ensure that police officers serve with integrity.”

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