Archives July 2023

NLC strike: Defeated politicians, subsidy thieves inciting people against Tinubu — AMPON President 

•urges Labour, FG to avert intending strike

Mogaji Wole Arisekola has urged the leadership of the organised labour to consider some of the employers of workers in the private sectors whose disruption of work after COVID-19 and naira redesign policy, their companies and businesses may find it difficult to survive afterwards.

Arisekola, who is the President of the Association of Online Media Practitioners of Nigeria (AMPON) and the publisher of The Street Journal, added that private companies are the largest employers of workers in the country and it has not been easy to continue to be in the business judging from the socio-economic situation of the country, therefore calling for more negotiations with the government instead of strike.

The celebrity journalist and businessman also emphasised the need for the Nigerian government to be more sensitive to the plight of the masses and proffer urgent solutions to the socio-economic challenges they are presently facing before things get out of hand.

In a chat with some selected journalists at a breakfast meeting on Monday at the Eko hotel, the Ibadan-born publisher expressed dissatisfaction on the way things are in the country; particularly how some public and civil servants are handling sensitive matters which is making the administration of President Bola Ahmed Tinubu to look bad in the eye of the public.

He said, “It is unfortunate that the country has come to this level that some defeated politicians and frustrated subsidy thieves are inciting people against the government of Asiwaju Bola Ahmed Tinubu and Senator Kassim Shettima.

“Labour Unions proposed strike will just make life more difficult for Nigerians. This government has to be careful, the politicians are not helping the president at all with their selfishness, childish and incendiary statements in public.

“The unilateral announcement of N617 naira of PMS per liter has caused unnecessary panic throughout the country. This government must tread with caution and not give room for sycophants, propagandists, political jobbers and disgruntled civil servants whose candidates lost out in the last general election to make the current government under the leadership of Asiwaju Bola Ahmed Tinubu to lose touch of its renewed hope agenda of putting Nigeria back on track to prosperity.

“President Tinubu needs to jettison some moles around him who obviously are not helping him in the areas of policy direction, especially with the way they are publicly mocking the underdogs, with no modicum of sensitivity, dignity or decency.

“The infamous joke of letting the poor breathe in the National Assembly has been grossly misinterpreted and has sent wrong message to the public, giving room for the fifth columnists to make political gains out of it at the expense of the current government that truly means well for the poor masses.

“The circulation of living an opulent lifestyle by politicians did not portray this government in good faith with the citizenry. The National Assembly’s N70 billion must be properly and justifiably explained to the masses before the opposition hijacks the conscience of the masses and turn it against the APC led government. Our politicians must be circumspect, they need to change the narrative and win people to their side, through policy formulation and implementation that are masses-friendly, timely and sustainable.”

Arisekola, who noted that while it is inevitable not to make mistakes in positions of leadership, stressed that there should be need for necessary amends and it must be intentional, right on time, fit, proper and genuine.

“People make mistakes. It is inevitable that government makes mistakes, after all, people constitute government. When situation forces the government to make hard but beneficial long term choices, criticisms must be expected. What is unexpected and outrightly untenable is when decisions, mistakes and missteps are underscored by contempt and arrogance from elected officials or government appointees in response to frustration expressed by citizens.

“Nigeria is a broken nation. Nigerians understand that their country was raped and pillaged by previous administrations. Just two months ago, President Bola Ahmed Tinubu was formally sworn-in to office. We elected him to perform miracles? Nigerians want miracles, and quick results and no one should blame them for seeking immediate relief after so much suffering. That there is no relief yet does not bode well for this administration.

“Nigerians are justifiably impatient and a bit angry that the change they were promised and voted for is excruciatingly slow. The government and those who are the face of it should come to the understanding that the people’s sentiments are crucial. They should appreciate the feelings of bewilderment of Tinubu’s supporters, which are increasingly compounded by a strong sense of mistrust and betrayal.

“If this government must stave off industrial action by the organised labour and angry Nigerians, they must find a way to calm the anger and frustration in the country exacerbated by power cuts, and an atmosphere of general discontent. It is painful to bear the burden of a problem one did not cause. The vast majority of Nigerians are nursing the wounds of plunder and sustained financial exploitation that was visited on them. The masses of our people have for years lived on pittance and wages they barely subsist on.

“The cost of living has outstretched their incomes farther than bearable. Inflation is galloping. Power supply is epileptic. Many have no idea where the next meal will come from. Our communities need roads, water, modern health facilities and better schools. Many parents cannot afford a decent meal for themselves and their children. Nigeria has the dubious distinction of having the highest number of out of school children in the world.

“Permit me to reiterate my stand further that the government of Asiwaju Bola Ahmed Tinubu is well intentioned to bring back the lost fortunes and hope of Nigeria, but Mr. President should not for any reason give chances to individuals who are not in sync with his principles and ideologies of advancing socio-economic growth and development for our nation.” Arisekola stated.

(Tribune)

IPPIS desk officers responsible for job racketeering in MDAs — HoSF, Esan

•denies allegation on collection of 10% of MDAs employments

The Head of Service of the Federation, Mrs. Folashade Esan, on Monday accused Desk Officers of Integrated Payroll and Personnel information System(IPPIS) in Ministries Department and Agencies (MDAs) of perpetrating fraud in recruitment exercise.

Mrs. Esan disclosed this during the resumed investigative hearing held at the instance of the Ad-hoc Committee, chaired by Hon. Yusuf Gagdi (APC-Plateau), investigating job racketeering in MDAs and mismanagement of IPPIS.

While denying allegations bothering on collection of 10 percent of employments slots across all the MDAs, Mrs. Esan affirmed that many MDAs violated waivers granted on employment exercises.

In the bid to curb the fraudulent practices, she disclosed that her office has informed authorities of Independent Corrupt Practices and Other Related Offences Commission (ICPC) with a view to bring perpetrators of the crime to book.

She said aside from reporting such officers, the HoSF immediately swung into action by commencing disciplinary action against those officers, adding that several officers had been disciplined for perpetrating such.

“Many Agencies have violated waiver and we have discovered that some IPPIS staff are perpetrating evil in the MDAs. Once we discover foul play in the enrollment we inform ICPC and start disciplinary measures against those officers. “

“We have several officers that we have discipline for perpetrating fraud in MDAs.”

While responding to question on the 10 percent of employment allegedly collected across the MDAs, she said: “I want to categorically state that the Head of Service of the Federation renders service to MDAs and we do not request such percentage from any MDAs.

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“The first time I heard it, I asked the Director in charge that I must not hear such a thing any longer and that if they are doing it before I came, it must not happen again.”

On the issue of waiver for employments, Mrs. Esan said she often go round to monitor such, adding that though the HoSF could not be in every establishment but it ensure proper monitoring 

“All we do is to monitor to ensure they have not exceeded waiver. We ensure that IPPIS does not enroll unless they have approval from the Federal Character Commission, HoSF and the Budget office,” she explained.

(Tribune)

Students laud Tinubu over approval for buses to tertiary institutions

The immediate past President of the National Association of Nigerian Students, Comrade Sunday Asefon, has applauded President Bola Ahmed Tinubu for approving the provision of buses to the students’ bodies of all universities, polytechnics, and colleges of education across the country to cushion the effect of subsidy removal on the students.

Asefon, who is also the National Coordinator, Tinubu/Shetima Student Vanguard, while reacting to the development in a statement on Monday in Abuja, said it was a welcome development received with satisfaction by the student community.

He also commended the President for removing all conditions on the recently approved Students Loan Scheme.

The provision of the buses, according to President Tinubu, would also remove the burden of the additional cost of daily commuting on parents and guardians.

Part of the statement read: “The removal of all conditions on student loans is also another heartwarming news to every parent and vulnerable student.

“The open caution issued to all heads of Tertiary institutions on the arbitrary increase of payable fee remains the best move of the new government to further renew trust, confidence, and love of the entire Nigerian Student in the new administration of renewed hope of President Bola Tinubu.

“As a former NANS president, I sincerely thank President Bola Ahmed Tinubu for once again displaying his fatherly love for Nigerian students, his passion for education development, and his unprecedented consideration for the poor masses most critical at this post-subsidy era.

“The inclusion of students in conditional cash transfer and food palliative will go a long way as well mark the first of its kind in recent in the history of Nigeria, no administration has ever placed youth and student in high priority like this hence my gratitude to President Tinubu.

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“I urge all universities that recently hike their payable, which include the University of Abuja, University of Lagos, and University of Jos, among others, to reserve with immediate effect in line with this presidential directive. While urging them and others to be conscious and refrain from any action such as arbitrary hikes of payable, which can incite Nigerian students against the new Government.

“I have no regrets leading President Asiwaju Renewed Hope campaign across the 36 states and FCT campuses during the electioneering campaign under the auspices of Tinubu/ Shetima Students Vanguard, Asiwaju has justified our effort; he has indeed renewed Nigerian students’ hope.”

(Tribune)

Osimhen to earn £1m weekly as Al-Hilal ‘submit €140m bid’ to Napoli

Napoli have reportedly received a €140 million (£120.3m) offer from Al-Hilal to sign Victor Osimhen. 

According to Sky News, the Nigerian striker will earn wages in the region of £1 million per week if the Italian club accepts the offer.

Over the past month, Chelsea, Bayern Munich and Manchester United have reportedly been linked with the 24-year-old.

However, Aurelio De Laurentiis, Napoli president, said the club wants to hold on to Osimhen but is “willing to consider an offer we could not refuse.”

It is believed that the Italian club wants more than €150m (£128.8m) to sell the Lagos-born striker.

Osimhen scored 26 league goals as The Parthenopeans won their first Scudetto in 33 years.

He was the top goalscorer in the league, making him the first African player to claim this accolade in Serie A history.

The Nigerian was voted the best striker in Serie A and won the 2022 prize for foreign athlete of the year in Italy.

If Napoli accept the Saudi club’s bid, Osimhen will extend his record as the most expensive African player, surpassing the figure that saw him move to Italy in 2020.

Al-Hilal are attempting a major coup of top talents across Europe this summer. The club had reportedly bid €300m (£259m) for Paris St-Germain’s Kylian Mbappe.

Naira slides further, exchanges for N871/$ at parallel market

The Nigerian naira, on Monday, weakened to N871 per US dollar at the parallel section of the foreign exchange (FX) market.

The figure represents a depreciation of N6 or 0.7 percent compared to the N865/$ it traded last week.

Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable in Victoria Island area of Lagos, quoted the buying rate of the greenback at N865 and the selling price at N871 per dollar, leaving a N6 profit margin.

Aliyu, a currency trader in the Agbara area of Ogun state, said that buying and selling prices stood at N865/$ and N870/$, respectively.

He said there was still high demand for the greenback in the street market.

At the investors and exporters (I&E) forex window, the local currency appreciated by 2.43 percent to close at N756.94/$ on Monday, according to details on FMDQ Securities Exchange — a platform where FX is officially traded.

The currency has closed at N775.76 to a dollar on Friday.

Since the government unified the exchange rate windows, the naira has consistently experienced fluctuations at the official window.

Recently, the Economist Intelligence Unit (EIU), an arm of The Economist of London, predicted that the Nigerian government would go back to a system where they have more control over the exchange rate.

The UK-based platform said the move would be taken to try and stop the naira from losing its value much further.

“The CBN lacks experience in conducting monetary policy under a float, and the need to control rapidly increasing inflation will become more acute over time,” EIU said.

“Our forecast is finely balanced, but we expect a return to heavier exchange-rate management from the second half of 2023 as the naira slides beyond N800:US$1 from N770:US$1 in early July.”

(Cable)

BREAKING: FG to support 1,300 MSMEs with N50,000 each for eight months

President Bola Tinubu says the federal government is making plans to support micro, small and medium-sized enterprises (MSMEs) in the country.

Speaking in a nationwide broadcast on Monday, Tinubu said 1,300 nano business owners will be given a grant of N50,000 each.

The SMEs will be drawn from the 774 local governments across the country.

More to follow…

Don’t repeat predecessors’ mistakes, Adeleke warns political appointees

Osun State Governor, Ademola Adeleke has warned his newly inaugurated commissioners and advisers not to commit mistakes of past administration and want adherence to his administration’s five point agenda towards delivering good governance to the state.

Speaking on Monday, at a 3-day retreat organised for the newly inaugurated commissioners and Special Advisers in the state at Western Sun Hotel, Ede, he reiterated his determination no to condone corruption.

A statement made available to journalists by Olawale Rasheed stated that the governor expressed optimism that realization of his administration’s five point agenda would provide solid platform for a new Osun State.

“Our first line charge is workers’ welfare, salaries, gratuities, and pensions. The above flows from the close link between formal and informal workforce in Osun State. When state workers are well treated, the informal sector booms as Osun is for now almost a civil service state. So in your policy framework, you must be mindful of the likely impact on workers, both within and out of government. Our policies and programmes must be workers’ friendly;

“Osun faces twin setbacks of poverty and unemployment. To change the narrative, we must deepen the state economy through incentives and an enabling environment for the business class. Here, the class covers the Small and Medium Scale Enterprises (SMEs) and the market operators across gender.

“We must introduce policies that will increase the state GDP through prosperity of the business community. In return, a booming state economy will employ more job seekers and enhance tax revenues to bridge the infrastructure deficit.

“Osun state has suffered multi-billion naira capital flight in the last 12 or so years. That unfortunate past is responsible for this agenda of localisation. This implies the government patronizing local suppliers and contractors. State fund thus revolves within the local economy, deepening state growth and ensuring local economy expansion.

“We are to address infrastructure gaps through local affordable options. Part of localisation is our direct labour policy, this reduces cost of projects, ensures standard monitoring, creates local jobs and empower local business class. You must therefore avoid exporting contracts and services outside the state except where there is no local alternative. We must not repeat the errors of the past which were responsible for the present precarious state.

“Osun was in the past a victim of fanciful policy designs which neglected the people and relegated their interests to the background. We must run a people-centric government. Have it at the back of your mind that the principal goal of government is the welfare of the people. So we must ensure reforms in education, health, women and youth sectors that positively impact on the people.

“As politicians, it makes sense for us to genuinely serve the people. They voted for us. Constitutionally, governments are set up for the welfare of the citizenry”, it reads.

(Vanguard)

Currency in circulation now N2.26trn – CBN

Currency outside banks rose to N2.26 trillion at the end of the first half 2023.

The figure is according to the Central Bank of Nigeria’s recent Money and Credit Statistics.

DAILY POST gathered that currency outside banks rose from N982.09 billion at the end of February to N2.26 trillion in June 2023.

DAILY POST recalls that on the heels of the Naira redesign policy implementation, the currency in circulation dipped to N982.09 billion at the end of February from 3.2 trillion in December 2022.

The recent figure showed that N2.3 trillion had been mopped up from circulation in the period under review.

“Currency-in-circulation is as currency outside the vaults of the central bank; that is, all legal tender currencies in the hands of the public and the vaults of the Deposit Money Banks”, CBN stated.

(Daily Post)

Transfer: It hurts me – Mane breaks silence as he joins Ronaldo at Al Nassr

Sadio Mane has admitted he is hurt to be leaving Bayern Munich for Al Nassr, where he will line up in attack alongside Cristiano Ronaldo.

The Senegal forward is close to signing for the Saudi Pro League side and underwent his medicals on Monday.

Mane leaves Bayern after only one season in Germany.

He will cost around £34million (€40m) and also receive a net salary of the same amount.

“Leaving Bayern hurts me. I would have wished for a different ending.

“I know that I could have helped the team this season.

“Nevertheless, I only wish the club and the fans the best for the future,” Mane said.

APC calls for understanding, patience as it celebrates 10th anniversary

The All Progressives Congress (APC) has called for understanding and patience from Nigerians as it celebrates its 10th anniversary and as President Bola Tinubu unpacks his administration’s “Renewed Hope’’ agenda.

Mr Felix Morka, the party’s National Publicity Secretary, made the call in a statement on Monday in Abuja.

He congratulated APC members across the nation and assured that the “Renewed Hope’’ agenda would ensure peace, unity, security and prosperity.

“On the occasion of the 10th anniversary of our great party, the APC, we congratulate our members, stakeholders and leaders on this important milestone.

“We salute the founding visionaries of our party for their commitment to progressive values and principles.

“APC was a child of the imperative to pull our nation from the brink where it hung precariously by the maladministration of the then ruling Peoples Democratic Party (PDP),’’ Morka stated.

He recalled that the merger of the defunct Action Congress of Nigeria (ACN), the Congress for Progressive Change (CPC) and the All Nigeria Peoples Party (ANPP) paved the way for the founding of the APC.

Morka noted that from remarkable strides, the party had come a long way from its humble nascence and morphed into Africa’s largest political party of more than 40 million members.

This, he stated, the APC did through the enunciation of people-centred policies that had repositioned the country for holistic development in all areas of its national life.

“Significantly, in its first run, the party defeated the then incumbent PDP in 2015 to clinch the country’s presidency; won control of the National Assembly and majority of the states of the federation.

“This feat was repeated at the 2019 and 2023 general elections with a mandate to consolidate on its leadership, expand good governance and extend the frontiers of economic and social development of our dear nation.

“As the party celebrates this milestone, we applaud our compatriots for their invaluable support and resilience these past years,’’ the APC scribe stated.

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