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Subsidy removal: Tinubu reassures Nigerians of coming palliative

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President Bola Tinubu, on Wednesday in Abuja, assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out.

Tinubu explained that the decision to phase out the subsidy was taken in the best interest of the country, and to guarantee future prosperity.

The president gave the assurance when he received members of Class of 1999 Governors ,who paid him a courtesy visit at the Presidential Villa.

18 of the former governors were present at the Council Chambers where the President met them.

Tinubu and the Secretary to the Government of the Federation, Sen. George Akume, also belong to the class.

While appreciating his colleagues who served during the birth of the Fourth Republic in 1999, Tinubu appealed for more patience from Nigerians, saying the government would increase efforts to alleviate the pains of the subsidy removal speedily.

He said the government would ensure a fool-proof social security structure that would not be compromised, especially in cash-transfer.

“I understand that our people are suffering, yet there can be no childbirth without pain. The joy of childbirth is the baby.

“Relief comes after the pain, Nigeria is being reborn, it is a rebirth of the country for the largest number, over a few smugglers.

“Please tell the people to be a little patient, the palliative is coming. I am doing the arithmetic, I don’t want the cash-transfer to fall into the wrong hands. I know it pinches and it is difficult.

“In the end, we will rejoice in the prosperity of our country,’’ he told the governors, who were led by former Governor of Edo State, Chief Lucky Igbinedion.

Speaking on the importance of national unity and citizens’ cooperation to forge a stronger country, Tinubu stated that only Nigerians could build their country.

“We must put the country in the right direction. No European, no Bretton Woods Institution will do it for us.”

The governors visited the President to congratulate him on the victory at the polls, his visionary decisions on the economy, and election as Chairman of the ECOWAS Authority of Heads of States and Government.

“We served as governors and sat in this Council Chamber. All I wanted was democracy and the salvation of the country, I never thought I was going to be here as President, but God Almighty has brought me here,’’ Tinubu stated.

The President assured the governors and Nigerians that he would work towards “unity, equity, stability, and prosperity of the country’’.

“My commitment to that democratic value is unwavering. I am overwhelmed and honoured by this large number present here.

“I have an open door policy, you are my advisers. We went into the pond and wrestled with the pig, we got dirty, and cleaned up. That is why I am here today.’’

Tinubu noted that the country would not make meaningful progress without fixing electricity, assuring that his administration would harness gas resources and explore every opportunity to ensure stable power generation and supply.

On security, the President who had earlier met with Gov. Babagana Zulum of Borno to review situation in the North-East, appealed to Nigerians, especially Plateau State, to sheath their swords and use dialogue in resolving conflicts, adding that issues of borders were man-made and not created by God.

The former governors urged the President to pursue his vision for a greater Nigeria with vigour, steadfastness, and resilience.

They expressed their support for development policies, and promised to provide the necessary social structure for actualization.

“We are here with you, we are your foot-soldiers, and you can tap into our experience. You are a person who believes in Nigeria, with your good leadership, Nigeria will take its place,’’ Igbinedion, the Chairman, Class of 1999 Governors said.

He affirmed that they were 20 at the meeting, including Tinubu, who was former Governor of Lagos State and Secretary to the Government of the Federation (SGF), George Akume, former Governor of Benue State, while 10 of their mates had passed on.

Other governors at the meeting were; Niyi Adebayo, Ekiti, Sen. Orji Uzor Kalu, Abia, Sen. Sam Egwu, Ebonyi, Adamu Muazu, Bauchi, Donald Duke, Cross River, James Ibori, Delta, Obong Victor Attah, Akwa Ibom, Chimaroke Nnamani, Enugu State, Saminu Turaki, Jigawa, and Sen. Adamu Aleiro, Kebbi.

Others were Olusegun Osoba, Ogun, Adebisi Akande, Osun, Sen. Joshua Dariye, Plateau, Attahiru Bafarawa, Sokoto State, Ahmad Yarima, Zamfara and Rev. Jolly Nyame, Taraba.

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Meet silent achiever, Miriam Olusanya piloting GTB to increased profitability

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Miriam Olusanya made history in July 2021 as the first female Managing Director of Guaranty Trust Bank (GTB) one of Nigeria’s most successful banks.

With over 24 million customers, Guaranty Trust Bank is a leading African Bank that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset management.

Despite her academic background in Pharmacy from the University of Ibadan and an MBA from the University of Liverpool, Olusanya has excelled in her role at GTBank.

Her performance has been instrumental in positioning the company as a leading financial holding company and enhancing its strategic capabilities in navigating operational challenges.

Recently, the Bank recorded the largest ever Profit before tax (PAT) in Nigeria’s Banking industry history.

Olusanya is an industrious and beautiful woman with the strength of a warrior and the ability to work magic with her skills. Her outstanding performance has significantly contributed to the growth of the financial institution and elevated the company’s standing within the financial industry.

Olusanya’s accomplishments have been acknowledged by Segun Agbaje, the Group CEO of Guaranty Trust Holding Company Plc (GTCO PLC), recognising her exceptional leadership. Her impressive track record at GT Group reflects her exceptional qualities as a business executive.

Under her leadership, Olusanya has demonstrated a commitment to promoting enterprise across the African continent and supporting indigenous small businesses.

For her excellent performance since assuming office, Miriam Olusanya is our Thriving Woman of the Week.

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Lagos Agriculture sector contributes N7trn to State’s GDP — Commissioner

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By Sodiq Adelakun

The Lagos State Government has revealed that the agriculture sector contributed N7 trillion to the state’s Gross Domestic Product (GDP) in 2024.

This disclosure was made by the State Commissioner for Agriculture, Abisola Olusanya, during the ongoing 2024 Ministerial Press Briefing at Alausa Ikeja, commemorating the first year of Governor Babajide Sanwo-Olu and his deputy, Kadri Hamzat’s second term in office.

In her words, Olusanya said, “In Nigeria, Agriculture contributes 25 percent to the GDP. But in Lagos, Agriculture encompasses a lot up to food production, so agriculture contributes N7 trillion in the last couple of years to the Lagos economy.

“This is to tell you that we have the potential, there is opportunity. We will not relent in terms of making it better,” she added.

In addition, the commissioner announced that the state government is collaborating with other states to ensure a steady supply of 200,000 tonnes of paddy required at the Imota Rice Mill.

She also revealed that at least 10,000 heads of cattle are slaughtered daily in the state.

However, she noted that there are significant data gaps and loopholes in the red meat production chain, which are often exploited by individuals. To address this, the state plans to utilise the logistics hub in Epe to improve data collection and plug the loopholes.

“The Lagos Rice Mill is 2 lines of 16MTPH integrated mill sited on 8.5 hectares of land at Imota. The rice mill has a capacity to produce 2.4 million bags of 50 kg bags of Rice yearly using 200,000 Metric tonnes of paddy annually.

“The Mill is part of the government’s commitment towards ensuring food security in the State which is a key component of the T.H.E.M.E.S + Development Agenda of Mr. Governor to make Lagos State a 21st Century economy,” She added.

Also speaking, Dr. Oluwarotimi Fashola, Special Adviser on Agriculture, reiterated the state government’s partnership with other states to ensure a steady supply of paddy.

“Because of the size of rice needed, Mr Governor signed an MOU with Niger state being the largest producer of paddy in the country.

“The Imota rice mill needed 200,000 tonnes of paddy. The partnership with other states is to ensure sustainability of production. We extend our hand of fellowship to all the South West states,” He added.

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Nigeria, France strengthen global migration partnership

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The Nigerian government is taking proactive steps to prevent illegal migration, by deploying cutting-edge technology to monitor and manage its land, maritime, and air borders.

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who stated this during a courtesy visit by the French Government led by the Ambassador in charge of Migration at the Ministry for Europe and Foreign Affairs, His Excellency Christophe Léonzi, stressed Nigeria’s commitment to curbing illegal migration while fostering cooperation with global partners.

Acknowledging migration as a natural phenomenon, Dr. Tunji-Ojo emphasised the government’s stance against illegal migration, expressing Nigeria’s willingness to support bilateral efforts to combat this challenge.

“An African problem is more of a European problem than an American or Asian problem because of our proximity. It is easier for people to find their way to Spain, France, Italy or the United Kingdom than to get into America or China. So, it means that the more we invest our energy and efforts into proactive strategies, the better it is for us,” the Minister said.

He highlighted the dynamic nature of illegal migration, stressing the need for continuous dialogue and proactive measures to stay ahead of traffickers’ evolving tactics.

The Minister further stated that the Ministry is streamlining the Nigerian visa application process on the basis of reciprocity, with priority on automation and a seamless access to INTERPOL data, to strengthen border control and security measures.

On its part, the French Government led by the Ambassador in charge of Migration at the Ministry for Europe and Foreign Affairs, His Excellency Christophe Léonzi, said the purpose of the visit was to foster cooperation between both countries.

Earlier before the engagement with the French delegation, the Minister of Interior had a closed meeting with the Technical Committee on the Enhancement of Security in the North led by Major General A.T. Jibrin (rtd).

Acknowledging progress since President Bola Ahmed Tinubu assumed office on May 29th, the Minister noted: “Yes, we are not where we want to be, but of course, we are not where we don’t want to be or used to be. Since May 29th when President Bola Ahmed Tinubu came on board, there has been a visible difference in terms of the security situation.”

The Permanent Secretary Dr. Aishetu Gogo Ndayako, Comptroller General of the Nigeria Immigration Service, Kemi Nana Nandap, and other high-ranking officials of the Ministry were present at both meetings.

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