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Monday, 19 December 2016
Thursday, 8 September 2016
Omg…woman wakes in middle of night to find stranger licking her private parts
A woman was left terrified after waking in the middle of the night to find a stranger licking her privates while her partner slept next to her.
Vile Joseph Taouk has been caged for two years after he broke into the home of the couple and began S3@.x:’ually assaulting the sleeping woman.
The 35-year-old beast crept into the couple’s bedroom in Sydney, Australia, and spotted his victim sleeping with one leg out of the duvet.
His victim then woke at around 3.30am to find someone licking her private parts and at first thought it was her boyfriend but then realised he was asleep next to her last February.
According to the Sydney Morning Herald , she then dug her nails into her boyfriend’s arm and whispered: “Someone is here.”
The paper claims her partner then jumped out of bed and shouted at vile Taouk “What the f***. Who are you?”
The paper claims her partner then jumped out of bed and shouted at vile Taouk “What the f***. Who are you?”
The fined then apologised, saying: “I thought this was the boarding house. The front door was open.”
He was then thrown out of the home by the boyfriend, who returned to find his partner lying on the bed sobbing.
She initially said she did not want to go to police, but after speaking to her stepfather the next day agreed to go to police where she told them what had happened.
He was then thrown out of the home by the boyfriend, who returned to find his partner lying on the bed sobbing.
She initially said she did not want to go to police, but after speaking to her stepfather the next day agreed to go to police where she told them what had happened.
Officers managed to get DNA off her pyjamas that linked Taouk to the crime and CCTV caught him in the couple’s street at the time of the vile crime.
Saturday, 3 September 2016
After having sex wife allegedly stabs husband for marrying another wife
The story and photos were shared on Facebook by Odunsi Idowu. He wrote
'A woman did this to her husband for marrying another Wife. They even had sexual intercourse before she perpetuated this act overnight . The husband is currently receiving treatment at Ijebu-Ode General Hospital . All in the name of jealousy. May God have mercy on" More photos below..
Recession spikes exchange rate, puts more pressure on banks
Nigeria’s latest economy profile may have thrown up more challenges for the nation’s banks, the key economy intermediation sector.
Naira-Dollar
Reports from the National Bureau of Statistics, NBS, last week show that economic conditions have worsened on all fronts including inflation, gross domestic product, GDP, capital importation, employement/ unemployment amongts others.
In a review of the implication of the adverse statistics, chief economist at FSDH Merchant Bank Limited, Mr Ayodele Akinwunmi, told Sunday Vanguard that the rising inflation means that banks will have to reprice the interest rate on the risk assets to enable them improve profit.
Though this would mean further increases in cost of goods and general price levels in the economy Akinwunmi indicated that the banks themselves would find it difficult to increase lending.
He stated: ‘’Unfortunately, the weak economy will also not allow banks to increase risk assets (loans), meaning that the profitability will drop in the short term.
According to him, the banks will continue to play heavily in the fix income securities of buying government bonds rather than putting their money into real economic activities, adding that this would be their strategy for the next few weeks.
He also stated that ‘’we may also see increases in non-performing loans which will increase provisioning (for bad loans) and lower profitability’’.
Forex worries increases
Foreign exchange (forex) market had reacted to the economy statistics with sharp depreciation of the local currency, Naira, against major international currencies. Consequently, the interbank foreign exchange market results for the month of August and week ended last weekend appear to be putting the banking industry under pressure over capital adequacy.
The week’s average exchange rate was N313/ USD1, a significant up-tick against N308 previous week.
But the major concern was that the decline came within a week of highest inflow of forex from independent sources since the commencement of the liberal forex market and floating exchange rate regime.
Banks’ forex dealers, however, said that in addition to the scarcity of forex, the other major pressure points include developments in the parallel market where last week’s average rate hit an all time high of N420/ USD1, creating a parallel market premium of over 34.2 per cent.
They feared the premium, despite the new regime, was widening uncontrollably while creating a sentiment of real market.
Moreover, many dealers indicated that a narrowing would be in favour of the parallel, rather than interbank rate.
In the event of this happening, the dealers believe this would trigger another round of pressure on banks’ Capital Adequacy Ratio (CAR).
CAR is one of the core determinant of bank’s state of health, measuring the ability of a bank to withstand stress arising from credit risks.
The banking industry financial reports for first half 2016 (H1’16) just rounded up with indications last week that tension generated by forex risk may be far from over following continued pressure on forex supply and exchange rate.
From the forex market report at close of business weekend about 12 banks were below the stipulated CAR of 15 per cent set by the Central Bank of Nigeria (CBN).
Industry analysts said if this trend continues the banks would be forced to recapitalize or the apex bank would be forced to review its CAR downwards to around 10 per cent to keep about 11 banks away from distress threshold, since recapitalization would equally be difficult given Nigeria’s tight economic and monetary conditions.
But industry analysts are worried that the situation is worse than the position last weekend because trading trend in the past one month actually indicated that pressures on exchange rate could drive more banks below the minimum CAR.
Specifically, with exchange rate peaking at N351/ USD1 in the month of August only four banks were within the stipulated minimum CAR. The valuations were done on foreign currency loans as percentage of total loans as at end H1’16 for all the banks and first quarter positions for United Bank for Africa (UBA) and Guaranty Trust Bank (GTB).
Reacting to this development, financial analysts at CardinalStone Partners Limited, a Lagos based investment house, stated: “We believe the continuous depreciation of the Naira will lead to material capital erosion in the banking sector and this will adversely affect the health of the financial system”.
As at last weekend almost all the banks have reported their H1’16 financial results booking losses or gains from foreign currency assets and liabilities in line with the 42% devaluation of the Naira in June 2016.
Consequently about four banks (First Bank, GTB, Diamond Bank and FCMB) reported forex revaluation gains while three booked forex revaluation losses.
Seven banks reported declines in CAR in H1’16 following the devaluation of the Naira. Access and GTBank were exceptions as they reported marginal improvements in CAR.
Zenith Bank which has the highest shareholders’ funds in the banking sector was materially affected in H1’16 as it reported a 200 basis points drop in CAR from its financial year 2015 position.
Despite the huge forex revaluation gains of N61 billion booked by GTB and the 45% rise in the bank’s H1’16 earnings, it’s CAR improved only slightly from Q1’16 position as H1’16 CAR was 18.25% compared to Q1’16 position of 18.16%.
Commenting on this CardinalStone analysts stated: “For GTB, we surmise the increase in capital from forex revaluation gains almost netted out the increase in risk weighted assets (Naira equivalence of forex loans).
“With the current level of volatility in the forex interbank market
Naira-Dollar
Reports from the National Bureau of Statistics, NBS, last week show that economic conditions have worsened on all fronts including inflation, gross domestic product, GDP, capital importation, employement/ unemployment amongts others.
In a review of the implication of the adverse statistics, chief economist at FSDH Merchant Bank Limited, Mr Ayodele Akinwunmi, told Sunday Vanguard that the rising inflation means that banks will have to reprice the interest rate on the risk assets to enable them improve profit.
Though this would mean further increases in cost of goods and general price levels in the economy Akinwunmi indicated that the banks themselves would find it difficult to increase lending.
He stated: ‘’Unfortunately, the weak economy will also not allow banks to increase risk assets (loans), meaning that the profitability will drop in the short term.
According to him, the banks will continue to play heavily in the fix income securities of buying government bonds rather than putting their money into real economic activities, adding that this would be their strategy for the next few weeks.
He also stated that ‘’we may also see increases in non-performing loans which will increase provisioning (for bad loans) and lower profitability’’.
Forex worries increases
Foreign exchange (forex) market had reacted to the economy statistics with sharp depreciation of the local currency, Naira, against major international currencies. Consequently, the interbank foreign exchange market results for the month of August and week ended last weekend appear to be putting the banking industry under pressure over capital adequacy.
The week’s average exchange rate was N313/ USD1, a significant up-tick against N308 previous week.
But the major concern was that the decline came within a week of highest inflow of forex from independent sources since the commencement of the liberal forex market and floating exchange rate regime.
Banks’ forex dealers, however, said that in addition to the scarcity of forex, the other major pressure points include developments in the parallel market where last week’s average rate hit an all time high of N420/ USD1, creating a parallel market premium of over 34.2 per cent.
They feared the premium, despite the new regime, was widening uncontrollably while creating a sentiment of real market.
Moreover, many dealers indicated that a narrowing would be in favour of the parallel, rather than interbank rate.
In the event of this happening, the dealers believe this would trigger another round of pressure on banks’ Capital Adequacy Ratio (CAR).
CAR is one of the core determinant of bank’s state of health, measuring the ability of a bank to withstand stress arising from credit risks.
The banking industry financial reports for first half 2016 (H1’16) just rounded up with indications last week that tension generated by forex risk may be far from over following continued pressure on forex supply and exchange rate.
From the forex market report at close of business weekend about 12 banks were below the stipulated CAR of 15 per cent set by the Central Bank of Nigeria (CBN).
Industry analysts said if this trend continues the banks would be forced to recapitalize or the apex bank would be forced to review its CAR downwards to around 10 per cent to keep about 11 banks away from distress threshold, since recapitalization would equally be difficult given Nigeria’s tight economic and monetary conditions.
But industry analysts are worried that the situation is worse than the position last weekend because trading trend in the past one month actually indicated that pressures on exchange rate could drive more banks below the minimum CAR.
Specifically, with exchange rate peaking at N351/ USD1 in the month of August only four banks were within the stipulated minimum CAR. The valuations were done on foreign currency loans as percentage of total loans as at end H1’16 for all the banks and first quarter positions for United Bank for Africa (UBA) and Guaranty Trust Bank (GTB).
Reacting to this development, financial analysts at CardinalStone Partners Limited, a Lagos based investment house, stated: “We believe the continuous depreciation of the Naira will lead to material capital erosion in the banking sector and this will adversely affect the health of the financial system”.
As at last weekend almost all the banks have reported their H1’16 financial results booking losses or gains from foreign currency assets and liabilities in line with the 42% devaluation of the Naira in June 2016.
Consequently about four banks (First Bank, GTB, Diamond Bank and FCMB) reported forex revaluation gains while three booked forex revaluation losses.
Seven banks reported declines in CAR in H1’16 following the devaluation of the Naira. Access and GTBank were exceptions as they reported marginal improvements in CAR.
Zenith Bank which has the highest shareholders’ funds in the banking sector was materially affected in H1’16 as it reported a 200 basis points drop in CAR from its financial year 2015 position.
Despite the huge forex revaluation gains of N61 billion booked by GTB and the 45% rise in the bank’s H1’16 earnings, it’s CAR improved only slightly from Q1’16 position as H1’16 CAR was 18.25% compared to Q1’16 position of 18.16%.
Commenting on this CardinalStone analysts stated: “For GTB, we surmise the increase in capital from forex revaluation gains almost netted out the increase in risk weighted assets (Naira equivalence of forex loans).
“With the current level of volatility in the forex interbank market
Farage and Trump: Brothers separated at birthRI
By Trump’s body language and facial expression, he was delighted to have the controversial Farage help him to shore up his rating which had taken a drop in recent times. Trump could not help but grin from side to side in approval of every word coming out of the mouth of the outgoing leader of the United Kingdom Independence Party (UKIP).
The appearance of Farage at a Trump event was a surprise to many people, especially back in his native country – Great Britain. To Farage, this invitation seemed more like an endorsement as a “leader” who has stepped up his game. It was an opportunity for him to take a centre stage in world politics. An opportunity he was not ready to give up.
Farage, nor Trump are men who need no introduction. They are celebrities in their own rights. While Trump has been described as the new face of American politics by his loud and unguarded speeches at rallies, Farage is regarded as the polished version of a member of the British Nationalist Party (BNP).
Trump is the Presidential candidate for the Republican Party whose main campaign is centred around immigration. Until recently, Trump has not hidden his dislike for the immigrants to his country whom he has stopped short of calling criminals. His immigration plans are as alarming as the scare campaign that his friend Farage ran in the run off to the 2015 elections.
Trump’s famous sound bites of building a physical wall along the US/Mexico border and deporting all immigrants sound like ideas copied from Farage’s campaign notes. The two men may be thousands of miles apart, their hearts beat to the same rhythm. They share same ideas that definitely appeal to a good sized section of their audiences. Birds of the same feather flock together.
Farage is not a lover of immigrants. He has never hidden his hatred for them and at every opportunity he is quick to heap all the blames for the economic, social and political woes of the British on the immigrants. Just like Trump, he believes immigrants contribute nothing but takes so much from his country. To Farage, the failing UK schools, hospitals, banks etc are the faults of immigrants.
Farage did not publicly endorse Trump at the rally in Jackson, but he was not short of words for the 15000-strong Trump supporters. He said he brought hope and optimism from the recently concluded referendum for Britain to exit the European Union. He had come to propel the supporters to beat the establishment in Washington just like his people did when they took the UK borders back.
The most famous of his lines at the event was “I will say this: if I was an American citizen, I wouldn’t vote for Hillary Clinton if you paid me!” He would not even vote for Hillary if she decided to pay him. This is classic Farage on a world stage throwing the gauntlet like no one else can.
In recent days I cannot explain why I seem to pay more attention to every activity of Farage, but no doubt I am getting more interested in him than before. I guess I am not the only one in this situation. Farage is not a man you can push aside or ignore. One way or the other he has been rubbing his type of politics in our noses for quite some time.
Every time I see Farage on national television doing what he knows how to do best – talking, I am excited and all ears. Many times I have asked myself what was it about this man that makes him so irresistible. Naturally, he is not a man I should gravitate towards because of his toxic politics. But I just cannot help myself.
Farage is indeed not such a stranger to us any more after his audacious efforts during the referendum. An interesting man who was propelled to the national stage a couple of years ago. His “entrance” into UK’s mainstream politics was not on a platter of gold or opportunities, it was his choice of words and the way and manner he whipped up nationalistic sentiments that endeared him to the extreme camp of citizens.
In the 2010 General Elections, little or nothing was known about Farage except the news of his near fatal air accident on the elections day. Miraculously he survived to live another day and continue his immigrants bashing campaigns.
After the elections, his profile was on the rise with his brand of politics which caught most people unawares. By 2015, he was a force to reckon with and for the first time in the history of British politics, a leader of a sideline political party was on same podium with other leaders participating in live national TV debates.
Farage’s efforts and popularity did not, however, translate to electoral victory as expected. In disappointment of himself and probably his supporters, he attempted turning his back on his party, but was dragged back by his faithfuls to continue with his “good works”. Apparently, they thought his best days were not here yet.
Indeed, they were right. Farage’s best days came before and during the referendum. Infact, he became the face of the BREXIT group, and he made a good show of it. He ran an energetic campaign to get Britain out of the Union. He had, not at anytime, hid his desire to make Britain an island of its own where only citizens would be granted access to live and work.
Farage is a man with passion. There is no doubt that he sleeps and dreams of a Great Britain where immigrants have no place nor voice. He has a huge audience in frustrated unemployed British voters who were bent on “making Britain great again”, without the immigrants. Although after winning the referendum Farage threw in the towel once again, this has not diminished his status in any way.
2016 has been a year of good showing for Farage and his friend Trump. While Farage can lay claim to his contributions for the exit of Britain from the EU, Trump surprised all bookmakers to become the Republican Party presidential nominee. A few years back, these two were mostly tolerated on the political scenes. A Trump presidency was unthinkable as Farage appearing at a US political campaign was unthinkable.
Farage and Trump are very wise individuals who appeal to the sentiments of their people. They play on the ignorance of the people to dump crooked ideas on them. They love to swim in controversies as they pursue whatever cause they believe in. Loud, careless with their choice of words they do not mind whose ox is gored when making their points.
And finally these two of a kind met. They may not have the same background, but obviously they share the same values. They may be miles apart in their body sizes or hair styles, they definitely have many other things in common.
They may be from opposite sides of the pond, yet their communication lines are very clear.
The appearance of Farage at a Trump event was a surprise to many people, especially back in his native country – Great Britain. To Farage, this invitation seemed more like an endorsement as a “leader” who has stepped up his game. It was an opportunity for him to take a centre stage in world politics. An opportunity he was not ready to give up.
Farage, nor Trump are men who need no introduction. They are celebrities in their own rights. While Trump has been described as the new face of American politics by his loud and unguarded speeches at rallies, Farage is regarded as the polished version of a member of the British Nationalist Party (BNP).
Trump is the Presidential candidate for the Republican Party whose main campaign is centred around immigration. Until recently, Trump has not hidden his dislike for the immigrants to his country whom he has stopped short of calling criminals. His immigration plans are as alarming as the scare campaign that his friend Farage ran in the run off to the 2015 elections.
Trump’s famous sound bites of building a physical wall along the US/Mexico border and deporting all immigrants sound like ideas copied from Farage’s campaign notes. The two men may be thousands of miles apart, their hearts beat to the same rhythm. They share same ideas that definitely appeal to a good sized section of their audiences. Birds of the same feather flock together.
Farage is not a lover of immigrants. He has never hidden his hatred for them and at every opportunity he is quick to heap all the blames for the economic, social and political woes of the British on the immigrants. Just like Trump, he believes immigrants contribute nothing but takes so much from his country. To Farage, the failing UK schools, hospitals, banks etc are the faults of immigrants.
Farage did not publicly endorse Trump at the rally in Jackson, but he was not short of words for the 15000-strong Trump supporters. He said he brought hope and optimism from the recently concluded referendum for Britain to exit the European Union. He had come to propel the supporters to beat the establishment in Washington just like his people did when they took the UK borders back.
The most famous of his lines at the event was “I will say this: if I was an American citizen, I wouldn’t vote for Hillary Clinton if you paid me!” He would not even vote for Hillary if she decided to pay him. This is classic Farage on a world stage throwing the gauntlet like no one else can.
In recent days I cannot explain why I seem to pay more attention to every activity of Farage, but no doubt I am getting more interested in him than before. I guess I am not the only one in this situation. Farage is not a man you can push aside or ignore. One way or the other he has been rubbing his type of politics in our noses for quite some time.
Every time I see Farage on national television doing what he knows how to do best – talking, I am excited and all ears. Many times I have asked myself what was it about this man that makes him so irresistible. Naturally, he is not a man I should gravitate towards because of his toxic politics. But I just cannot help myself.
Farage is indeed not such a stranger to us any more after his audacious efforts during the referendum. An interesting man who was propelled to the national stage a couple of years ago. His “entrance” into UK’s mainstream politics was not on a platter of gold or opportunities, it was his choice of words and the way and manner he whipped up nationalistic sentiments that endeared him to the extreme camp of citizens.
In the 2010 General Elections, little or nothing was known about Farage except the news of his near fatal air accident on the elections day. Miraculously he survived to live another day and continue his immigrants bashing campaigns.
After the elections, his profile was on the rise with his brand of politics which caught most people unawares. By 2015, he was a force to reckon with and for the first time in the history of British politics, a leader of a sideline political party was on same podium with other leaders participating in live national TV debates.
Farage’s efforts and popularity did not, however, translate to electoral victory as expected. In disappointment of himself and probably his supporters, he attempted turning his back on his party, but was dragged back by his faithfuls to continue with his “good works”. Apparently, they thought his best days were not here yet.
Indeed, they were right. Farage’s best days came before and during the referendum. Infact, he became the face of the BREXIT group, and he made a good show of it. He ran an energetic campaign to get Britain out of the Union. He had, not at anytime, hid his desire to make Britain an island of its own where only citizens would be granted access to live and work.
Farage is a man with passion. There is no doubt that he sleeps and dreams of a Great Britain where immigrants have no place nor voice. He has a huge audience in frustrated unemployed British voters who were bent on “making Britain great again”, without the immigrants. Although after winning the referendum Farage threw in the towel once again, this has not diminished his status in any way.
2016 has been a year of good showing for Farage and his friend Trump. While Farage can lay claim to his contributions for the exit of Britain from the EU, Trump surprised all bookmakers to become the Republican Party presidential nominee. A few years back, these two were mostly tolerated on the political scenes. A Trump presidency was unthinkable as Farage appearing at a US political campaign was unthinkable.
Farage and Trump are very wise individuals who appeal to the sentiments of their people. They play on the ignorance of the people to dump crooked ideas on them. They love to swim in controversies as they pursue whatever cause they believe in. Loud, careless with their choice of words they do not mind whose ox is gored when making their points.
And finally these two of a kind met. They may not have the same background, but obviously they share the same values. They may be miles apart in their body sizes or hair styles, they definitely have many other things in common.
They may be from opposite sides of the pond, yet their communication lines are very clear.
Mother Theresa to be made saint at vatican ceremony on sunday - Pope Francis
Mother Teresa of Calcutta, a Nobel peace laureate known as the "saint of the gutters" during her lifetime, will be made a saint of the Roman Catholic Church on Sunday.
More than 100,000 pilgrims are expected to attend a service led by Pope Francis in St. Peter's Square at the Vatican to honour the tiny nun who worked among the world's neediest in the slums of the Indian city now known as Kolkata.
Her legacy fits neatly with Francis's vision of a poor church that strives to serve the poor, and the ceremony will be a highlight of his Holy Year of Mercy which runs until Nov. 8.
Mother Teresa and her Missionaries of Charity (MoC) order have been criticised both during her life and since her death in 1997, but many Catholics revere her as a model of compassion.
Thousands attended a papal audience on Saturday in the Vatican, where a large canvas of the late nun in her blue-hemmed white robes hung from St. Peter's basilica.
"Her testimony makes us reflect and transform...and make a better world," Brazilian priest Carlos Jose Nacimento said.
Critics say she did little to alleviate the pain of the terminally ill and nothing to tackle the root causes of poverty. Atheist writer Christopher Hitchens made a documentary about her called "Hell's Angel".
She was also accused of trying to convert the destitute in predominantly-Hindu India to Christianity, a charge her mission has repeatedly denied.
But Pope John Paul II, who met her often, had no doubt about her eligibility for sainthood, and put her on a fast track to elevation two years after her death instead of the usual five.
The Church defines as saints those believed to have led such holy lives they are now in Heaven and can intercede with God to perform miracles - two of which are needed to confer sainthood.
She is credited with healing an Indian woman from stomach cancer in 1998 and a Brazilian man from a brain infection in 2008.
The canonisation will also be celebrated in Skopje, the capital of modern Macedonia where Mother Teresa was born of Albanian parents in 1910 and became a nun aged 16.
In Kolkata, where the first MoC mission was set up in 1952, there will be prayers, talks and cultural events, but no major ceremony.
Delegations from at least 15 national governments are expected at the Vatican.
More than 100,000 pilgrims are expected to attend a service led by Pope Francis in St. Peter's Square at the Vatican to honour the tiny nun who worked among the world's neediest in the slums of the Indian city now known as Kolkata.
Her legacy fits neatly with Francis's vision of a poor church that strives to serve the poor, and the ceremony will be a highlight of his Holy Year of Mercy which runs until Nov. 8.
Mother Teresa and her Missionaries of Charity (MoC) order have been criticised both during her life and since her death in 1997, but many Catholics revere her as a model of compassion.
Thousands attended a papal audience on Saturday in the Vatican, where a large canvas of the late nun in her blue-hemmed white robes hung from St. Peter's basilica.
"Her testimony makes us reflect and transform...and make a better world," Brazilian priest Carlos Jose Nacimento said.
Critics say she did little to alleviate the pain of the terminally ill and nothing to tackle the root causes of poverty. Atheist writer Christopher Hitchens made a documentary about her called "Hell's Angel".
She was also accused of trying to convert the destitute in predominantly-Hindu India to Christianity, a charge her mission has repeatedly denied.
But Pope John Paul II, who met her often, had no doubt about her eligibility for sainthood, and put her on a fast track to elevation two years after her death instead of the usual five.
The Church defines as saints those believed to have led such holy lives they are now in Heaven and can intercede with God to perform miracles - two of which are needed to confer sainthood.
She is credited with healing an Indian woman from stomach cancer in 1998 and a Brazilian man from a brain infection in 2008.
The canonisation will also be celebrated in Skopje, the capital of modern Macedonia where Mother Teresa was born of Albanian parents in 1910 and became a nun aged 16.
In Kolkata, where the first MoC mission was set up in 1952, there will be prayers, talks and cultural events, but no major ceremony.
Delegations from at least 15 national governments are expected at the Vatican.
Economic emergency laws in History
President Shehu Shagari, in the second republic, declared economic recession, unfolding measure to address the situation.
The measures, approved by parliament, were tagged, “Economic Stabilization (Temporary Provisional) Act 1982”.
HIGHLIGHTS
-Foreign exchange control to reduce Basic Travel Allowance (BTA) from N800 to N500 per person of the age of 16 and above per annum, with no allowance for children under 16.
-Hajj forex subsidy: The government pegged the number of pilgrims permitted to perform the hajj in 1982 to a maximum of 50,000, with a BTA of N800 per person, against N500 for other citizens.
-Reduction of business travel allowance from N3,000 to N2,500 per annum for companies registered in Nigeria.
-Reduction of Form ‘M’ lifespan to six months, as against one year in the past, and all registrations were done at the CBN headquarters.
-Reintroduction of pre-shipment inspection for spare parts, raw materials and books and the introduction of pre-shipment inspection for frozen and canned fish.
-All interest rates revised upwards across the board by two percent from their existing levels, but later reduced by one percent.
-Frozen chicken and gaming machines totally banned from importation and 29 other commodities removed from open general licence and placed under specific import licence requirement.
-Tariff changes on 49 import items, with most of the changes being increases in the rate of duties while others were introduction of new import.
-New rates of excise duties raised to 45 percent on a number of commodities, including cigarettes, towels, fabrics, cosmetics, perfumes, paper napkins, electric, fans, locks, bicycles and motor cycles.
-More powers and training for Customs officers and Immigration reforms.
1984 AUSTERE ECONOMIC MEASURES
The then Major General Muhammadu Buhari overthrew the Shagari government in 1984 after a December 31, 1983 coup. The military regime met enormous economic challenges.
The International Monetary Fund was willing to help, but Buhari rejected 12 conditions Nigeria must meet.
The conditions include:
-Reduction of capital expenditure for three years
-Removal of subsidies on petroleum products and fertilizer
-Devaluation of the naira by over 60 percent
-Appropriate measures to improve revenue collections and the operational efficiency of revenue collecting agencies
-Promotion of exports manufacturing so as to boost the export of non-petroleum products
-Liberalisation of foreign exchange and import controls.
BABANGIDA’S EMERGENCY ECONOMIC PLAN
General Ibrahim Babangida sacked the Buhari regime in August 1985 and established his own emergency economic plan, declaring an economic emergency for 15 months in October 1985.
This led to the Structural Adjustment Plan (SAP). The emergency plan was generally seen as a failure with the economy contracting by 8.8 percent in 1986.
The measures, approved by parliament, were tagged, “Economic Stabilization (Temporary Provisional) Act 1982”.
HIGHLIGHTS
-Foreign exchange control to reduce Basic Travel Allowance (BTA) from N800 to N500 per person of the age of 16 and above per annum, with no allowance for children under 16.
-Hajj forex subsidy: The government pegged the number of pilgrims permitted to perform the hajj in 1982 to a maximum of 50,000, with a BTA of N800 per person, against N500 for other citizens.
-Reduction of business travel allowance from N3,000 to N2,500 per annum for companies registered in Nigeria.
-Reduction of Form ‘M’ lifespan to six months, as against one year in the past, and all registrations were done at the CBN headquarters.
-Reintroduction of pre-shipment inspection for spare parts, raw materials and books and the introduction of pre-shipment inspection for frozen and canned fish.
-All interest rates revised upwards across the board by two percent from their existing levels, but later reduced by one percent.
-Frozen chicken and gaming machines totally banned from importation and 29 other commodities removed from open general licence and placed under specific import licence requirement.
-Tariff changes on 49 import items, with most of the changes being increases in the rate of duties while others were introduction of new import.
-New rates of excise duties raised to 45 percent on a number of commodities, including cigarettes, towels, fabrics, cosmetics, perfumes, paper napkins, electric, fans, locks, bicycles and motor cycles.
-More powers and training for Customs officers and Immigration reforms.
1984 AUSTERE ECONOMIC MEASURES
The then Major General Muhammadu Buhari overthrew the Shagari government in 1984 after a December 31, 1983 coup. The military regime met enormous economic challenges.
The International Monetary Fund was willing to help, but Buhari rejected 12 conditions Nigeria must meet.
The conditions include:
-Reduction of capital expenditure for three years
-Removal of subsidies on petroleum products and fertilizer
-Devaluation of the naira by over 60 percent
-Appropriate measures to improve revenue collections and the operational efficiency of revenue collecting agencies
-Promotion of exports manufacturing so as to boost the export of non-petroleum products
-Liberalisation of foreign exchange and import controls.
BABANGIDA’S EMERGENCY ECONOMIC PLAN
General Ibrahim Babangida sacked the Buhari regime in August 1985 and established his own emergency economic plan, declaring an economic emergency for 15 months in October 1985.
This led to the Structural Adjustment Plan (SAP). The emergency plan was generally seen as a failure with the economy contracting by 8.8 percent in 1986.
RECESSION: More business closure, workers retrenchment -employers warn
The employers spoke on the heels of the National Bureau of Statistics (NBS) figures which, last week, confirmed that the nation’s economy has gone into recession and that no fewer than four million jobs had been lost in the last three quarters.
At its 59th Annual General Meeting in Lagos, President of NECA, Larry Ettah, said Nigeria urgently needed to fix its erratic power supply to beat down the cost of local production of goods and services and reduce the over $2 billion import bills that was putting pressure on the foreign exchange.
The current 4,000 megawatts of electricity, Ettah said, was far below what was required to bail the economy out of recession, contending that Nigeria urgently needed between 15,000 and 20,000 megawatts of electricity to kick-start local production.
He said this was required to re-energise many businesses which were faced with rising production and operational costs leading to retrenchment, compounding the rising unemployment rate of over 13 percent.
The NECA boss implored the Federal Government to look beyond the seeming good performance of some “big” businesses in gauging the state of the economy, pleading with government to spend quality money to revamp the economy. “We need to invest in boosting our infrastructural stock, we need to reduce our domestic debt, there is need to spend to position our economy to be export oriented and less dependent on import”, he stated.
Ettah, who is also the Group Managing Director/CEO of UAC of Nigeria PLC, lamented that members had been going through untold challenges to remain afloat , confessing that he was short of words to capture the extremes of hardship and trauma businesses had had to contend with to remain standing in the last one year.
“The mortality rate of micro, small and medium scale businesses is alarming and, if we are going to get a firm grip of the panacea to the high youth unemployment in Nigeria, then we must pay heed to the imperatives for sustainable enterprise”, Etta stated.
Commenting on the economy in 2015 and the outlook for 2016, the NECA President said: “With a growth rate of 2.79 percent in 2015, the year recorded a dramatic slowdown from the 5-6% growth the Nigerian economy has become accustomed to recording. The triple jeopardy of a stand-still in government as a result of the 2015 election; a new government grappling to settle down and the drastic fall in government revenue as a result of fall in the crude oil prices, dealt a massive blow to the economy”.
The NECA boss stated that 2016 had “so far not been any better with multiple economic challenges: depleted foreign reserves from USD 29.9 billion in November 2015 to USD25.71billion on August 19th, 2016; Naira depreciation by 31.7 percent from N197/USD in March 2015 to N330/USD in August 2016; high capital outflow, particularly portfolio investment; upward trend of inflation from 8.5 percent in March 2015 to 15.6 percent in June 2016 and increased interest rates”. Ettah explained that the economy contracted in the first quarter of 2016 and also in the second quarter as well, implying that the economy is now in recession.
According to him, the economic challenges had impacted on the real sector, resulting in the decline in capacity utilisation, closure of businesses, redundancies and retrenchments, astronomical cost of forex plus smuggling, import restrictions, trade credit evaporation ( S&P, Moody and Fitch cuts Nigeria’s ratings / outlook to negative, rating remains at B+), shrinking supplier credit and Bills For Collection, reluctance by export credit agencies to grant more credit among others.
“While there is no doubt that the past administration was profligate in its management of our commonwealth, it is quite evident that the lack of clarity about the economic agenda of the current government and some wrong policy choices have contributed to the current economic stagnation and recession”, he said.
While lauding the 2016 federal budget, the NECA President said: “We, therefore, welcome the thrust of the 2016 budget which recognises that meaningful GDP growth requires quality spending to reflate the economy. We need to invest in boosting our infrastructural stock; we need to reduce our domestic debt; and there is the need to spend to position our economy to be export oriented and less dependent on import.
We hope this budget will be faithfully implemented as this is key to the revival of the economy from the current recession.”
Ettah highlighted key national issues facing the economy to include the perennial delay in the passage of the annual budget/appropriation process, deregulation of the foreign exchange market, deregulation of the downstream sector, expansionary fiscal policy/tax base, commitment to infrastructural development, curbing the menace of insecurity, decadent state of our industrial relations system and unbridled regulatory disposition.
At its 59th Annual General Meeting in Lagos, President of NECA, Larry Ettah, said Nigeria urgently needed to fix its erratic power supply to beat down the cost of local production of goods and services and reduce the over $2 billion import bills that was putting pressure on the foreign exchange.
The current 4,000 megawatts of electricity, Ettah said, was far below what was required to bail the economy out of recession, contending that Nigeria urgently needed between 15,000 and 20,000 megawatts of electricity to kick-start local production.
He said this was required to re-energise many businesses which were faced with rising production and operational costs leading to retrenchment, compounding the rising unemployment rate of over 13 percent.
The NECA boss implored the Federal Government to look beyond the seeming good performance of some “big” businesses in gauging the state of the economy, pleading with government to spend quality money to revamp the economy. “We need to invest in boosting our infrastructural stock, we need to reduce our domestic debt, there is need to spend to position our economy to be export oriented and less dependent on import”, he stated.
Ettah, who is also the Group Managing Director/CEO of UAC of Nigeria PLC, lamented that members had been going through untold challenges to remain afloat , confessing that he was short of words to capture the extremes of hardship and trauma businesses had had to contend with to remain standing in the last one year.
“The mortality rate of micro, small and medium scale businesses is alarming and, if we are going to get a firm grip of the panacea to the high youth unemployment in Nigeria, then we must pay heed to the imperatives for sustainable enterprise”, Etta stated.
Commenting on the economy in 2015 and the outlook for 2016, the NECA President said: “With a growth rate of 2.79 percent in 2015, the year recorded a dramatic slowdown from the 5-6% growth the Nigerian economy has become accustomed to recording. The triple jeopardy of a stand-still in government as a result of the 2015 election; a new government grappling to settle down and the drastic fall in government revenue as a result of fall in the crude oil prices, dealt a massive blow to the economy”.
The NECA boss stated that 2016 had “so far not been any better with multiple economic challenges: depleted foreign reserves from USD 29.9 billion in November 2015 to USD25.71billion on August 19th, 2016; Naira depreciation by 31.7 percent from N197/USD in March 2015 to N330/USD in August 2016; high capital outflow, particularly portfolio investment; upward trend of inflation from 8.5 percent in March 2015 to 15.6 percent in June 2016 and increased interest rates”. Ettah explained that the economy contracted in the first quarter of 2016 and also in the second quarter as well, implying that the economy is now in recession.
According to him, the economic challenges had impacted on the real sector, resulting in the decline in capacity utilisation, closure of businesses, redundancies and retrenchments, astronomical cost of forex plus smuggling, import restrictions, trade credit evaporation ( S&P, Moody and Fitch cuts Nigeria’s ratings / outlook to negative, rating remains at B+), shrinking supplier credit and Bills For Collection, reluctance by export credit agencies to grant more credit among others.
“While there is no doubt that the past administration was profligate in its management of our commonwealth, it is quite evident that the lack of clarity about the economic agenda of the current government and some wrong policy choices have contributed to the current economic stagnation and recession”, he said.
While lauding the 2016 federal budget, the NECA President said: “We, therefore, welcome the thrust of the 2016 budget which recognises that meaningful GDP growth requires quality spending to reflate the economy. We need to invest in boosting our infrastructural stock; we need to reduce our domestic debt; and there is the need to spend to position our economy to be export oriented and less dependent on import.
We hope this budget will be faithfully implemented as this is key to the revival of the economy from the current recession.”
Ettah highlighted key national issues facing the economy to include the perennial delay in the passage of the annual budget/appropriation process, deregulation of the foreign exchange market, deregulation of the downstream sector, expansionary fiscal policy/tax base, commitment to infrastructural development, curbing the menace of insecurity, decadent state of our industrial relations system and unbridled regulatory disposition.
Edo leader needs-Edebiri
Chief Solomon EdebiriIn, until a member People's Democratic Party (PDP) in this interview, bares his mind on what he has been doing since he quit politics, the Saturday election and advises the Edo masses to vote overwhelmingly for a candidate that will create wealth for the state.
After the PDP governorship primary in Edo State, nothing seems to have been heard from you. What have you been doing?
During my campaign, I told the people that I have a second address and that politics wasn’t my main occupation. So when the PDP leaders did what they did, they felt the people should not have their say and their way, I decided to go back to my profession. I believe I can always help the society in my private capacity. During the campaign, one thing was evident as we traversed the 18 local governments areas of Edo State; the 192 wards. It was clear that there was poverty in the land, there was ignorance as well. We also realized that the kind of politics that is happening is who brings what. I had thought the politics of Edo was beginning to change and godfatherism had stopped, little did I know that the situation remained the same. To me, politics is all about helping the people, it is also a way of helping the larger society to attain political power.
However, having lost out on June 20, through a calculated manipulation by a few leaders of the PDP, I resigned from the party and went on sabbatical politically, to face my business and my profession, because I realized that through my profession, I can still help the people of the state. I realized what the people need most is education, social re-integration, social re-orientation, social emancipation, and social revolution, so that we can create a level of independence in the people.
If all these things are in place, people will begin to take decisions on their own and not the decisions some took on their behalf because of N10,000, and, at the end of the day, if the money is not forthcoming, they are left in limbo. That is what is happening today in Edo. I have gone back to my profession and I am trying to see how we can affect the lives of an average Edo citizen through professionalism, to see how we can bring change to lives and also influence the quality of lives through the application of technology. And by so doing, I still hope to achieve what I intended to achieve through political power. What happened in Edo PDP during the primary is very unfortunate. You don’t create a political party because of one or two individuals which was the case in Edo PDP. It became evident during the primary that the party belonged to a few individuals and I must say this is not a limited liability company like some people have converted it to be. And that is why you have defections from PDP to the APC in the state.
Since you began the sabbatical politically, has there been overtures to you by some other parties and what role are you playing in the forthcoming election?
To be honest, I have been speaking to leaders of both parties. I have spoken to Chief Anenih. I have also spoken to the National Leader of APC, Chief John Oyegun. What I am making them to realize is that the essence of getting political power is to help the people. I have been urging the people of Edo to follow their conscience and they should let their conscience lead them right. I have also been telling people that whatever their conscience asks them to do, do it, so that they won’t grumble against themselves.
I am participating in the election; at least I have the right to vote and I will vote the candidate my conscience tells me to vote for. I am not a member of any political party at the moment, and there are about 12 contestants in this election. Out of these people, one person must be most qualified and that is part of my conscience I will follow. My followers have been coming to ask questions I tell them to follow their conscience. I have been telling people to look critically at all the candidates. They know who will bring development to Edo. They know who will run the state as a public entity. They know the candidate who will deliver dividends of democracy. They know who will take the money accrued to the state and start sharing to his loyalists. They know who will stop the era of wealth sharing and create wealth. They know who will bring corporate experience to lead Edo. That is the position I have been pushing, it does not matter which party you belong to. I am going out on September 10, to vote for the candidate who possesses all the qualities I have mentioned.
Some people have argued that the campaigns in Edo so far have been characterized by trading of words between the sitting governor and the PDP candidate. From what you have seen, do you agree with that opinion?
What has caused this development is the craze for power. And that is what happens when you believe power is a do-or-die affair. Everyone left issue-based politics while abuses and pointing of fingers at each other have taken the centre stage. That is one significant thing about my campaign ahead of the primary. We were telling the people what we could do to turn Edo around, sector by sector and not attacking anyone. We were practising issue-based politics and not individual politics.
But what we have seen today is attacks on individuals and my take on it is that people should change their style of politics. I know personality attack will be part of politics but there should be a limit to it. What should be the candidate’s priority right now is what affects the state and how it will be addressed. Calling each other names will not take us anywhere; what is important is how the quality of lives of citizens of Edo can be revitalized through the funds available to the state. My advise to them is that, in these last few days to election, they should review issues based on knowledge and let people make their choice.
After the election, will you unveil the next party you will be joining?
For now, that is not in my mind, what is in my mind right now is to see how we can help Edo people to grow, how we can help the citizens of the state, how we can re-invigorate the people, how we can grow the society that is eschewed of violence and rancour. My other plans include how we can help the youths to grow, how we can build the society, how we can re-integrate the society. What will happen after my sabbatical I don’t know. For now, I want to work with various groups in the world. I want to work with various governments within the country and outside. I want to work with the people of Edo irrespective of who is in government, all I want to see is the development of Edo people.
How do you see the division in PDP both at the national and state levels affecting the forthcoming election?
Well, people say that society grows better in an atmosphere of peace and tranquillity. My advice to the PDP is for them to resolve whatever crisis or differences they have because we are inching closer to 2018 when Nigeria will be in within election mood. So we have about two years to start preparing for the 2019 elections. If they want to win election in this country, they should put their house in order. I believe what is happening in the PDP is all about greed for power, lack of tolerance. They should sincerely come to the table and discuss the issues so that they can readily prepare for the 2019 elections.
Irrespective of who emerges Governor of Edo State after September 10, where do you think the state should be in the next four years?
I would like to see Edo being a new state in the next four years, a state where people have been re-orientated, a state where politics can be played without violence, a state where youths can come out of school and get jobs, a state where we can build a lot of independent youths, who can fend for themselves, work or not, a state where small and medium scale businesses will thrive. I want to see a state where agriculture will play a major role in its development, a state where infrastructure will be all over the state, I want to see a new state where everybody is contributing his/her quota to its development. That is the new state I want to see irrespective of who emerges governor.
The argument today in Edo is that from 1999 to 2007, there was no evidence of governance in the state. When the administration of Oshiomhole came in, some said the state developed rapidly. Do you believe the outgoing governor has put Edo on the right footing?
When I was campaigning, I said many times that Edo is not where it used to be after almost eight years of Oshiomhole. The governor has moved the state forward. We can see some level of development, we can see some evidence of creation, you can see some evidence of work being done. But I must also say that there are so many areas that have been ignored. I believe there is nowhere in the world where you build a state without building human capacity. Edo seems to lack that capacity in the last eight years, that has been ignored vividly. Human capacity has not been part of the administration. Yes, there has been infrastructural development, schools were renovated, painted and roofed but what about the human capital in the schools? What about the infrastructure the students need, the furniture, laboratory and library? Some of these things are not there. So the incoming governor has so much to do in the area of building human capacity. What I can say is that we have moved from where we were which, of course, you can give to the governor, but he was looking at the whole exercise from a singular point of view, he did not look at the state holistically. The next governor should look at it holistically and make the building of people his priority.
What is your final word to Edo people as we approach the governorship election?
I want Edo people to go out and vote, peacefully, no candidate is worth dying for, no candidate is worth shooting guns for and I believe Edo people do not need the blood of anybody to form a government. They should go out to the polls and vote their conscience. The people should realize they have conscience and they should vote it. They should not follow money to vote for anybody, they should go and vote for who their conscience tells them will develop the state. Edo needs a man who will use her resources for the people.
After the PDP governorship primary in Edo State, nothing seems to have been heard from you. What have you been doing?
During my campaign, I told the people that I have a second address and that politics wasn’t my main occupation. So when the PDP leaders did what they did, they felt the people should not have their say and their way, I decided to go back to my profession. I believe I can always help the society in my private capacity. During the campaign, one thing was evident as we traversed the 18 local governments areas of Edo State; the 192 wards. It was clear that there was poverty in the land, there was ignorance as well. We also realized that the kind of politics that is happening is who brings what. I had thought the politics of Edo was beginning to change and godfatherism had stopped, little did I know that the situation remained the same. To me, politics is all about helping the people, it is also a way of helping the larger society to attain political power.
However, having lost out on June 20, through a calculated manipulation by a few leaders of the PDP, I resigned from the party and went on sabbatical politically, to face my business and my profession, because I realized that through my profession, I can still help the people of the state. I realized what the people need most is education, social re-integration, social re-orientation, social emancipation, and social revolution, so that we can create a level of independence in the people.
If all these things are in place, people will begin to take decisions on their own and not the decisions some took on their behalf because of N10,000, and, at the end of the day, if the money is not forthcoming, they are left in limbo. That is what is happening today in Edo. I have gone back to my profession and I am trying to see how we can affect the lives of an average Edo citizen through professionalism, to see how we can bring change to lives and also influence the quality of lives through the application of technology. And by so doing, I still hope to achieve what I intended to achieve through political power. What happened in Edo PDP during the primary is very unfortunate. You don’t create a political party because of one or two individuals which was the case in Edo PDP. It became evident during the primary that the party belonged to a few individuals and I must say this is not a limited liability company like some people have converted it to be. And that is why you have defections from PDP to the APC in the state.
Since you began the sabbatical politically, has there been overtures to you by some other parties and what role are you playing in the forthcoming election?
To be honest, I have been speaking to leaders of both parties. I have spoken to Chief Anenih. I have also spoken to the National Leader of APC, Chief John Oyegun. What I am making them to realize is that the essence of getting political power is to help the people. I have been urging the people of Edo to follow their conscience and they should let their conscience lead them right. I have also been telling people that whatever their conscience asks them to do, do it, so that they won’t grumble against themselves.
I am participating in the election; at least I have the right to vote and I will vote the candidate my conscience tells me to vote for. I am not a member of any political party at the moment, and there are about 12 contestants in this election. Out of these people, one person must be most qualified and that is part of my conscience I will follow. My followers have been coming to ask questions I tell them to follow their conscience. I have been telling people to look critically at all the candidates. They know who will bring development to Edo. They know who will run the state as a public entity. They know the candidate who will deliver dividends of democracy. They know who will take the money accrued to the state and start sharing to his loyalists. They know who will stop the era of wealth sharing and create wealth. They know who will bring corporate experience to lead Edo. That is the position I have been pushing, it does not matter which party you belong to. I am going out on September 10, to vote for the candidate who possesses all the qualities I have mentioned.
Some people have argued that the campaigns in Edo so far have been characterized by trading of words between the sitting governor and the PDP candidate. From what you have seen, do you agree with that opinion?
What has caused this development is the craze for power. And that is what happens when you believe power is a do-or-die affair. Everyone left issue-based politics while abuses and pointing of fingers at each other have taken the centre stage. That is one significant thing about my campaign ahead of the primary. We were telling the people what we could do to turn Edo around, sector by sector and not attacking anyone. We were practising issue-based politics and not individual politics.
But what we have seen today is attacks on individuals and my take on it is that people should change their style of politics. I know personality attack will be part of politics but there should be a limit to it. What should be the candidate’s priority right now is what affects the state and how it will be addressed. Calling each other names will not take us anywhere; what is important is how the quality of lives of citizens of Edo can be revitalized through the funds available to the state. My advise to them is that, in these last few days to election, they should review issues based on knowledge and let people make their choice.
After the election, will you unveil the next party you will be joining?
For now, that is not in my mind, what is in my mind right now is to see how we can help Edo people to grow, how we can help the citizens of the state, how we can re-invigorate the people, how we can grow the society that is eschewed of violence and rancour. My other plans include how we can help the youths to grow, how we can build the society, how we can re-integrate the society. What will happen after my sabbatical I don’t know. For now, I want to work with various groups in the world. I want to work with various governments within the country and outside. I want to work with the people of Edo irrespective of who is in government, all I want to see is the development of Edo people.
How do you see the division in PDP both at the national and state levels affecting the forthcoming election?
Well, people say that society grows better in an atmosphere of peace and tranquillity. My advice to the PDP is for them to resolve whatever crisis or differences they have because we are inching closer to 2018 when Nigeria will be in within election mood. So we have about two years to start preparing for the 2019 elections. If they want to win election in this country, they should put their house in order. I believe what is happening in the PDP is all about greed for power, lack of tolerance. They should sincerely come to the table and discuss the issues so that they can readily prepare for the 2019 elections.
Irrespective of who emerges Governor of Edo State after September 10, where do you think the state should be in the next four years?
I would like to see Edo being a new state in the next four years, a state where people have been re-orientated, a state where politics can be played without violence, a state where youths can come out of school and get jobs, a state where we can build a lot of independent youths, who can fend for themselves, work or not, a state where small and medium scale businesses will thrive. I want to see a state where agriculture will play a major role in its development, a state where infrastructure will be all over the state, I want to see a new state where everybody is contributing his/her quota to its development. That is the new state I want to see irrespective of who emerges governor.
The argument today in Edo is that from 1999 to 2007, there was no evidence of governance in the state. When the administration of Oshiomhole came in, some said the state developed rapidly. Do you believe the outgoing governor has put Edo on the right footing?
When I was campaigning, I said many times that Edo is not where it used to be after almost eight years of Oshiomhole. The governor has moved the state forward. We can see some level of development, we can see some evidence of creation, you can see some evidence of work being done. But I must also say that there are so many areas that have been ignored. I believe there is nowhere in the world where you build a state without building human capacity. Edo seems to lack that capacity in the last eight years, that has been ignored vividly. Human capacity has not been part of the administration. Yes, there has been infrastructural development, schools were renovated, painted and roofed but what about the human capital in the schools? What about the infrastructure the students need, the furniture, laboratory and library? Some of these things are not there. So the incoming governor has so much to do in the area of building human capacity. What I can say is that we have moved from where we were which, of course, you can give to the governor, but he was looking at the whole exercise from a singular point of view, he did not look at the state holistically. The next governor should look at it holistically and make the building of people his priority.
What is your final word to Edo people as we approach the governorship election?
I want Edo people to go out and vote, peacefully, no candidate is worth dying for, no candidate is worth shooting guns for and I believe Edo people do not need the blood of anybody to form a government. They should go out to the polls and vote their conscience. The people should realize they have conscience and they should vote it. They should not follow money to vote for anybody, they should go and vote for who their conscience tells them will develop the state. Edo needs a man who will use her resources for the people.
Religious: Wisdom for married couples. Build a happy family
James 1:5 (NKJV) If any of you lacks wisdom, let him ask of God, who gives to all liberally and without reproach, and it will be given to him.
Many times couples launch out to solve issues in their marriage with the mindset they have formed over the years, but find out the hard way, that they don’t work.
Other times, you want to discuss something with your spouse and it just gets out of hand, leaving it unresolved.
You might even be fed up in your marriage right now, because you have tried everything the rule books and the counsellors say you should.
Hold on! There is a wisdom beyond that of man, which brings solution to every challenge.
Just ask and see things change in your favour, as you apply the ideas you receive.
Prayer:
Father, grant me wisdom to deal with my spouse, in-laws, colleagues, and everyone I come in contact with today.
Action Points:
Do not take decisions or make comments when you are angry.
Many times couples launch out to solve issues in their marriage with the mindset they have formed over the years, but find out the hard way, that they don’t work.
Other times, you want to discuss something with your spouse and it just gets out of hand, leaving it unresolved.
You might even be fed up in your marriage right now, because you have tried everything the rule books and the counsellors say you should.
Hold on! There is a wisdom beyond that of man, which brings solution to every challenge.
Just ask and see things change in your favour, as you apply the ideas you receive.
Prayer:
Father, grant me wisdom to deal with my spouse, in-laws, colleagues, and everyone I come in contact with today.
Action Points:
Do not take decisions or make comments when you are angry.
For ladies: Ways to stop Menstral pain Naturally
Do you dread your monthly cycle due to painful cramps? Many women suffer from painful periods, unaware of the effective natural remedies that can make their periods more comfortable.
1. Supplement Yourself: Take calcium and magnesium supplements throughout the month, as these nutrients work in concert to aid muscle relaxation.You should aim for a total of about 1000mg of calcium daily, and up to 500mg of magnesium daily. If you experience loose stools, reduce the dose. (Note: we recommend you use calcium citrate, because it tends to be more easily absorbed into the system than calcium carbonate.)
2. Try a Tea: Raspberry leaf is considered to be a mild uterine tonic. Try a cup of raspberry leaf tea each day throughout the month
3. Eat More Greens: Dark leafy greens are a dietary source of magnesium, calcium, and countless other micronutrients. These nutrients are essential for mediating muscle contractions. In Chinese dietary therapy, dark green vegetables are also considered to be mildly cleansing, which is what the body needs in a “stagnation” condition.
4. Cut Down on Coffee Caffeine, especially from coffee, is a well-known vasoconstrictor – it makes blood vessels constrict. 5. Use a Heating Pad: A heating pad or hot water bottle is a simple, tried and true way to reduce muscle spasms. 6. Try Acupuncture: Certain acupuncture points are thought to regulate blood flow through the abdominal cavity and relax the nervous system, which can help calm muscular contractions.
1. Supplement Yourself: Take calcium and magnesium supplements throughout the month, as these nutrients work in concert to aid muscle relaxation.You should aim for a total of about 1000mg of calcium daily, and up to 500mg of magnesium daily. If you experience loose stools, reduce the dose. (Note: we recommend you use calcium citrate, because it tends to be more easily absorbed into the system than calcium carbonate.)
2. Try a Tea: Raspberry leaf is considered to be a mild uterine tonic. Try a cup of raspberry leaf tea each day throughout the month
3. Eat More Greens: Dark leafy greens are a dietary source of magnesium, calcium, and countless other micronutrients. These nutrients are essential for mediating muscle contractions. In Chinese dietary therapy, dark green vegetables are also considered to be mildly cleansing, which is what the body needs in a “stagnation” condition.
4. Cut Down on Coffee Caffeine, especially from coffee, is a well-known vasoconstrictor – it makes blood vessels constrict. 5. Use a Heating Pad: A heating pad or hot water bottle is a simple, tried and true way to reduce muscle spasms. 6. Try Acupuncture: Certain acupuncture points are thought to regulate blood flow through the abdominal cavity and relax the nervous system, which can help calm muscular contractions.
Why does my Vagina/pennis smell? See reasons why
1. Poor Hygiene Women have many complicated parts and caring for them is not always easy to do. Your feminine odor may be nothing more than poor hygiene habits. Be sure wash the area carefully every day. Use soaps that are mild and have no fragrance. After using the restroom, wipe from front to back. Also, change underwear each day, even if you are not taking a shower.
2. Bacterial Vaginosis This problem occurs when an overgrowth of bacteria occurs in the va.gina. Va.ginal discharge is the main symptom of the condition, but it can also cause va.ginal odor. Many women do not have any symptoms. Other infections have to be excluded before treating bacterial vaginosis. Treatment includes gels to use on the va.gina and oral antibiotics. Even after a successful treatment, this condition can recur.
3. Trichomoniasis This is a sexually transmitted infection that is caused by a parasite and can occur in men or women. Symptoms do not always show up when a person has the infection, but some to look for include a discharge from the va.gina or urethral that looks green or like a froth, burning when you urinate, pain during se.x and itching in the genital area. Diagnosis is made by indentifying the parasite during an exam of the area. Antibiotics are used to treat the infection and it may recur after treatment.
Rihanna and Drake planning to get married. Read full gist
Rihanna appears to be opening up more regarding her relationship with Drake.Following his open declaration of love at the VMAs, she took to instagram to thank those who helped her along the way ,including Drake .Of Drake, she wrote
@champagnepapi your speech was so touching and I love you for that!
Read her full thank you note below
#VMA2016 night was one that I would never forget!!,’ I have the most incredible people in my life! My family, friends, loved ones, my fans, my team!!! All gifted beautiful spirits! And I’m so grateful that God has precisely and flawlessly arranged our paths to meet at each other! It’s because of you that I was able to reach this moment in my career!
“And it’s also because of you that I was able to pull off a night like this one, with 4 medley performances, 4 set productions, 4 outfits, 4 hair and makeup looks, and all in 4 days of rehearsal!
“It was a challenge but I wanted nothing more than to give my fans a true representation of all the colors that I’m made of as an artist!My journey has been filled with growth and people who continue to inspire me! Forever grateful to everyone involved creatively, from choreography all the way to wardrobe and production! @MTV team you were a dream to work with!”
Thank you to the beautiful @iamnaomicampbell @therealmaryjblige @traceeellisross for your kind words! @champagnepapi your speech was so touching and I love you for that!”All in all….Best night ever!!! I’m a lucky girl!!! To God be the Glory! #RiRiVanguard.”
@champagnepapi your speech was so touching and I love you for that!
Read her full thank you note below
#VMA2016 night was one that I would never forget!!,’ I have the most incredible people in my life! My family, friends, loved ones, my fans, my team!!! All gifted beautiful spirits! And I’m so grateful that God has precisely and flawlessly arranged our paths to meet at each other! It’s because of you that I was able to reach this moment in my career!
“And it’s also because of you that I was able to pull off a night like this one, with 4 medley performances, 4 set productions, 4 outfits, 4 hair and makeup looks, and all in 4 days of rehearsal!
“It was a challenge but I wanted nothing more than to give my fans a true representation of all the colors that I’m made of as an artist!My journey has been filled with growth and people who continue to inspire me! Forever grateful to everyone involved creatively, from choreography all the way to wardrobe and production! @MTV team you were a dream to work with!”
Thank you to the beautiful @iamnaomicampbell @therealmaryjblige @traceeellisross for your kind words! @champagnepapi your speech was so touching and I love you for that!”All in all….Best night ever!!! I’m a lucky girl!!! To God be the Glory! #RiRiVanguard.”
SHOCKING: See the youngest mother in Africa at age 10 You will be suprised
Gladys Chelagat, Kenyan girl, become the youngest mother in Africa to give birth at age 10.
The Young girl gave birth to her baby weighing 2.8kg at Kericho District Hospital in Kenya though a cesarean section, Doctors confirmedIts been years since she gave birth and the circumstances behind the story is yet to be ascertained as the man responsible for her pregnancy still unknown.
The Young girl gave birth to her baby weighing 2.8kg at Kericho District Hospital in Kenya though a cesarean section, Doctors confirmedIts been years since she gave birth and the circumstances behind the story is yet to be ascertained as the man responsible for her pregnancy still unknown.
Stephanie Okereke Linus in Breathtaking photos, takes selfies with husband.
The beautiful actress shared this photos some days ago of her at an event SILYEF 2016. How beautifuly and wonderfully styled.
We wish her and her husband a happy married life.
We wish her and her husband a happy married life.
Friday, 2 September 2016
If Buhari truly loves Nigeria..
The news last Monday that the Niger-Delta Avengers had finally announced what seemed like a definitive cease-fire must have come as a relief to many of us for different reasons—although it cannot be disputed that there would be many who would have benefited enormously from the carnation and chaos and therefore would not be too happy by the cessation of hostilities and this new resolve to give peace a chance.
Many an innocent soul in the region had lost lives, properties and livelihood. Even those who might not have been directly deprived would have been worried stiff at the enveloping uncertainty and brutality.
To the rest of us outside the region, the sigh of relief is no less palpable. It means oil might be able to flow again. It means the pressure on the naira would be reduced and we might be able to go back to our indulgences—foreign travels, foreign clothes and accessories and even foreign raw materials.
So dependent are we on oil that the euphoria which greeted the news early in the year that Lagos State had discovered oil in commercial quantities simply meant for us, that we would be less dependent on the Niger-Delta oil—not on oil itself. It seems that despite all the talk about economic diversification which has been going on for at least three decades, all we are really waiting for is the next oil well that would be discovered by foreign multi-nationals using foreign technology, using foreign labour.
We seem, even for the sake of national pride, to be unable and unwilling to diversify or even to add value to what God and nature had given us since 1958. This unfortunately, also seems to be my reading of President Buhari’s directive to NNPC to intensify oil exploration in the Chad and Benue regions. The lesson from the shut-in of oil by the Avengers is not to look for another oil well somewhere else. It is to diversify our economy and look for different sources of revenue from all over Nigeria. In doing so, we really don’t have to re-invent the wheel. We have a viable template in the United States of America whose presidential system we copied.
I want to believe that the late Head of State, General Murtala Mohammed was looking with a third eye when he opted for the US type of presidential democracy. He saw what might not be easily discernible; that Nigeria could be as great as America if we followed their template. A close scrutiny will reveal that a lot of what makes America great is also present in Nigeria.
There is the population—we are a quarter of the black race; there is the abundant natural resources—we are also God’s own country in that regard; there is the varied vegetation—from desert to mangrove swamp which can accommodate different kinds of agriculture; there is the diverse culture—which can be used for good or ill; then there is the more than ample human resource—at home and in the diaspora- to turn the fortune of the country round. Yet where the US is in the first three positions in every index of human development, we are usually to be found in the last three. The fault is not in our stars but in our system.
The one thing that makes the US great despite its many imperfections, is that it is a land of opportunities. It is that phantom, intangible thing called ‘the American dream’. When the blacks swamped the track and field in athletics there was no quota system to stop them; when the blacks moved into basketball, there was no legislation; when they found their groove in music and developed a natural inclination for showbiz, there were no laws to hold them back; when the likes of Jesse Jackson started the race in the political arena and the likes of Barak Obama took the baton with his audacity of hope, it turned out the seemingly formidable barrier was made of glass after all.
When the Latinos came in they also found their opportunities and fortunes. The message is clear; you can be anything you want in America if you apply your God given talents and your luck holds. And because of this, a lot of Nigerians who would have been stifled in their own country are thriving in the US.
Compared to America and indeed any of the developed world, Nigeria is over regulated and over centralised. The power at the centre is enormous and its uses and patronages are a disincentive to growth. President Buhari at his first coming as Head of State made what became a famous statement when he said: ‘We have no other country but Nigeria and we must salvage it together’. Yet it was General Babangida who released the stranglehold on the economy then by abolishing the import license system which only enriched the rent seeking elite.
If President Buhari loves Nigeria as much as he says, then he must release her. Too many barriers, too many regulations are holding Nigeria and her development prostrate. Restructure the states and make them viable. Let the Niger-Delta region do that it wants with its oil; let the regions that have gold, tin, nickel, coal, bauxite etc have control over what is on their soil and in their soil as long as they all pay the necessary taxes. Let the local economy along with education, infrastructure and security be the preserve of the respective regions. Just as it is done in the US.
The idea of states coming to Abuja for monthly allocation has to stop. It is anti-creativity and growth. With time, we will find that the richest states are not the ones with oil; just as California is far richer than Texas. A state once lobbied against having a film village sited in its domain without thinking about the economic consequences of its action.
Would it have done that if it didn’t have Abuja to run to? Especially if it realises that Hollywood nets over 500billion dollars for California. The same thing with a state that bans the consumption of alcohol and yet benefits from the V.A.T on alcohol from other states. It is an anomaly. Just as it is unfair to take an oil bloc from somebody’s backyard and allocate it to someone from another region in the name of one Nigeria.
A restructured economy is one that is free of distortions—be it import license, oil block license, fuel subsidy, forex subsidy, duty waiver, political and ethnic patronage etc. it is one that is inclusive. It is one that allows states to look inwards and compete healthily against each other. It is one that allows intellectual properties to thrive.
Release the energy of Nigeria and release the entrepreneurial spirit of your people. Then sit back and watch Nigeria become the destination of choice for foreign and local investors. Any leader who can rise above parochial sentiments by restructuring Nigeria using the US template properly would probably become the father of modern day Nigeria. Will our President rise to the occasion?
Many an innocent soul in the region had lost lives, properties and livelihood. Even those who might not have been directly deprived would have been worried stiff at the enveloping uncertainty and brutality.
To the rest of us outside the region, the sigh of relief is no less palpable. It means oil might be able to flow again. It means the pressure on the naira would be reduced and we might be able to go back to our indulgences—foreign travels, foreign clothes and accessories and even foreign raw materials.
So dependent are we on oil that the euphoria which greeted the news early in the year that Lagos State had discovered oil in commercial quantities simply meant for us, that we would be less dependent on the Niger-Delta oil—not on oil itself. It seems that despite all the talk about economic diversification which has been going on for at least three decades, all we are really waiting for is the next oil well that would be discovered by foreign multi-nationals using foreign technology, using foreign labour.
We seem, even for the sake of national pride, to be unable and unwilling to diversify or even to add value to what God and nature had given us since 1958. This unfortunately, also seems to be my reading of President Buhari’s directive to NNPC to intensify oil exploration in the Chad and Benue regions. The lesson from the shut-in of oil by the Avengers is not to look for another oil well somewhere else. It is to diversify our economy and look for different sources of revenue from all over Nigeria. In doing so, we really don’t have to re-invent the wheel. We have a viable template in the United States of America whose presidential system we copied.
I want to believe that the late Head of State, General Murtala Mohammed was looking with a third eye when he opted for the US type of presidential democracy. He saw what might not be easily discernible; that Nigeria could be as great as America if we followed their template. A close scrutiny will reveal that a lot of what makes America great is also present in Nigeria.
There is the population—we are a quarter of the black race; there is the abundant natural resources—we are also God’s own country in that regard; there is the varied vegetation—from desert to mangrove swamp which can accommodate different kinds of agriculture; there is the diverse culture—which can be used for good or ill; then there is the more than ample human resource—at home and in the diaspora- to turn the fortune of the country round. Yet where the US is in the first three positions in every index of human development, we are usually to be found in the last three. The fault is not in our stars but in our system.
The one thing that makes the US great despite its many imperfections, is that it is a land of opportunities. It is that phantom, intangible thing called ‘the American dream’. When the blacks swamped the track and field in athletics there was no quota system to stop them; when the blacks moved into basketball, there was no legislation; when they found their groove in music and developed a natural inclination for showbiz, there were no laws to hold them back; when the likes of Jesse Jackson started the race in the political arena and the likes of Barak Obama took the baton with his audacity of hope, it turned out the seemingly formidable barrier was made of glass after all.
When the Latinos came in they also found their opportunities and fortunes. The message is clear; you can be anything you want in America if you apply your God given talents and your luck holds. And because of this, a lot of Nigerians who would have been stifled in their own country are thriving in the US.
Compared to America and indeed any of the developed world, Nigeria is over regulated and over centralised. The power at the centre is enormous and its uses and patronages are a disincentive to growth. President Buhari at his first coming as Head of State made what became a famous statement when he said: ‘We have no other country but Nigeria and we must salvage it together’. Yet it was General Babangida who released the stranglehold on the economy then by abolishing the import license system which only enriched the rent seeking elite.
If President Buhari loves Nigeria as much as he says, then he must release her. Too many barriers, too many regulations are holding Nigeria and her development prostrate. Restructure the states and make them viable. Let the Niger-Delta region do that it wants with its oil; let the regions that have gold, tin, nickel, coal, bauxite etc have control over what is on their soil and in their soil as long as they all pay the necessary taxes. Let the local economy along with education, infrastructure and security be the preserve of the respective regions. Just as it is done in the US.
The idea of states coming to Abuja for monthly allocation has to stop. It is anti-creativity and growth. With time, we will find that the richest states are not the ones with oil; just as California is far richer than Texas. A state once lobbied against having a film village sited in its domain without thinking about the economic consequences of its action.
Would it have done that if it didn’t have Abuja to run to? Especially if it realises that Hollywood nets over 500billion dollars for California. The same thing with a state that bans the consumption of alcohol and yet benefits from the V.A.T on alcohol from other states. It is an anomaly. Just as it is unfair to take an oil bloc from somebody’s backyard and allocate it to someone from another region in the name of one Nigeria.
A restructured economy is one that is free of distortions—be it import license, oil block license, fuel subsidy, forex subsidy, duty waiver, political and ethnic patronage etc. it is one that is inclusive. It is one that allows states to look inwards and compete healthily against each other. It is one that allows intellectual properties to thrive.
Release the energy of Nigeria and release the entrepreneurial spirit of your people. Then sit back and watch Nigeria become the destination of choice for foreign and local investors. Any leader who can rise above parochial sentiments by restructuring Nigeria using the US template properly would probably become the father of modern day Nigeria. Will our President rise to the occasion?
Buhara should give way after four years -Alex Nwokedi
Igwe Ezeoba Alex Nwokedi, former Chief Press Secretary to General Olusegun Ohasanjo when he was military head of state and immediate past Chairman Anambra State Council of Traditional Rulers, is presently the Uthoko Na Eze Achalla in Awka North Local Government of Anambra State. In this interview, Igwe Nwokedi speaks on national economy, Niger Delta issue and the need for even distribution of development among the regions of the country.
Excerpts:
How would you describe President Muhammadu Buhari’s government considering the present economic recession in the country?
Igwe Alex Nwokedi
Igwe Alex Nwokedi
President Buhari has no programme. He had only one ambition. He wanted to be President and by the grace of God he is now the President. There is one adage which says that, “When a child wakes up in the night, he is looking for something. And when he sees it he will go back to sleep.” The economy is not just bad but very bad. We have no alternative than to support him for the remaining years he has to spend.
You were at the just concluded 5th seminar of Anambra State Council of Traditional Rulers, which agreed that the economic crisis was because of mono-cultural economic system and backed the current diversification programme of the Federal Government. What is your personal attitude to that?
I was at the meeting and we agreed that other areas of economy should be encouraged. Agriculture in particular should be encouraged because it is the more realistic mainstay of any economy. Like here in Achalla where I come from, I grow rice and the rice here in Achalla has been rated by the United Nations to be about the best in Africa and one of the best rice in the world.
Achalla rice is called mans, it is like American long rice. That type of rice should be encouraged. It was even shown on the CNN recently. So, we as a nation must pay more attention to agriculture because it is an area that we can proudly and comfortably, too, call the mainstay of our economy. Instead of talking about grazing for cattle, we should be talking about healthy animals like goats and sheep. Cattle is a moving poison, it is full of cholesterol unlike goats and sheep. So, we should begin to be talking about developing goats and sheep farm.
Some people believe that the way out of Nigeria’s current challenges is restructuring. Do you have any opposing view to that?
According to former Vice President Alex Ekwueme and Tony Momoh also said it recently in an interview with him, the 36 states of the country should be collapsed into six zones. This will go a long way in solving the problems of over-bloated recurrent expenditure and drastically reduce the cost of running Nigeria as a whole. A zone has six states currently, and if each of those states is run by, for instance, one governor and 24 commissioners, it means that the zone has six governors and 144 commissioners. But if the six states are collapsed into one federating unit as a zone, you can imagine how viable that zone will be.
In other words, are you in support of restructuring?
I am in full support of it. When a motion was moved in Anambra House of Assembly, I supported it. We should have six zones which should be agricultural zones, that is, zones grown by agriculture.
What factors will you say are threatening the peace, unity and development of Nigeria?
There is only one factor and that factor is the economy. The economy is very bad and Buhari should give way for somebody who has plan to come and take care of the economy.
How do you mean?
What I mean is that Buhari has no programme. He has got what he has been awake to get, which is to be president of Nigeria, and after his four years he should give way for somebody who has programme to come in and restructure Nigeria economically and geographically.
What other programmes should the government put in place after the current diversification?’
You should ask him, what programme does he have? I have told you agriculture and it is the mainstay of Nigerian economy right from time immemorial. Oil is just a recent thing. If we develop agriculture, you will see how less concerned we will naturally become about oil. Part of the problem is that Buhari has to be fair to all ethnic groups in Nigeria and not to pay attention to only one. It is not only when you embezzle money that they say you are dishonest. Buhari could be honest but he is not a fair man.
In what sense is Buhari not a fair man?
He is not fair to South East. The roads in the South East are deplorable. I am telling you what is on ground for him to know that if he wants the South East people to believe that he cares for them, he should bring development to their region. It is a very funny saying that all those big trucks collapsing everyday on the bad roads of the East are trucks from the North.
I shouldn’t even be seen as criticising the President but rather be seen as letting him know what he needs to do to make peace with the South East. How can somebody like me who has always been on the side of peace and unity of Nigeria be painted in bad light? I am an in-law to the Yoruba because I married from Yoruba land and both Hausa and Fulani are my friends. What I am saying is that, President Buhari should please bring development to the East so that every Igbo man will be able to see him as a father that cares.
Who is to blame for the hostilities in the Niger Delta?
I read that some leaders of Niger Delta have agreed that they truly got their fair shares of the national cake and that is correct. Talking about the hostilities and the poverty level in the area, I said the last time that the problem of Niger Delta was within them and that they should therefore look inward for solution. The only thing I blame the Federal Government for is their talk of resorting to military option.
So, I appeal to my brothers and sisters in the Niger Delta area that they are justified in their agitation but they should know that their problem is neither Buhari nor the Federal Government, they should therefore look inward for solution by laying down their arms.
Does it not bother you that despite the derivation funds that accrued to oil producing states in the Niger Delta region, there is nothing to show for it?
That is why I said they should look inward. Their problem is with themselves and all these people who embezzle public funds will naturally pay for it. What I want President Muhammadu Buhari to do is to say, “Look, it is not just a question of giving money to the Niger Delta region but to ensure that what is given is properly utilised.”
Let us assess President Buhari’s performance in terms of economy, security and infrastructure. When you said Buhari has no programme, does it mean he has done nothing commendable?
Economy covers everything including security and infrastructure. Once the economy is fixed, security and infrastructure will come up. I must commend Governor Willie Obiano at this point for the present security in Anambra State. What he needs now is to be supported with roads and power by the Federal Government. We don’t have good roads. As I speak to you now, nothing has been done Onitsha- Enugu road.
But the government announced recently that contractors had been mobilised to the Enugu-Port Harcourt road to start work?Nothing has been done. We have competent companies to handle the job. There is Julius Berger, there is CCC.
What is your advice therefore?
Government of President Buhari should first of all analyse its priorities.
By October, Iru Ji Festival of your kingdom will come up. What should be expected this year?
The usual things should be expected. Iru Ji is an opportunity for us to give thanks to Almighty God for strengthening us to make good farm and good harvest throughout the year. This year we have good harvest and with the rain we hope to have more. Like I told you, I am a farmer, I grow yam and more especially rice.
Excerpts:
How would you describe President Muhammadu Buhari’s government considering the present economic recession in the country?
Igwe Alex Nwokedi
Igwe Alex Nwokedi
President Buhari has no programme. He had only one ambition. He wanted to be President and by the grace of God he is now the President. There is one adage which says that, “When a child wakes up in the night, he is looking for something. And when he sees it he will go back to sleep.” The economy is not just bad but very bad. We have no alternative than to support him for the remaining years he has to spend.
You were at the just concluded 5th seminar of Anambra State Council of Traditional Rulers, which agreed that the economic crisis was because of mono-cultural economic system and backed the current diversification programme of the Federal Government. What is your personal attitude to that?
I was at the meeting and we agreed that other areas of economy should be encouraged. Agriculture in particular should be encouraged because it is the more realistic mainstay of any economy. Like here in Achalla where I come from, I grow rice and the rice here in Achalla has been rated by the United Nations to be about the best in Africa and one of the best rice in the world.
Achalla rice is called mans, it is like American long rice. That type of rice should be encouraged. It was even shown on the CNN recently. So, we as a nation must pay more attention to agriculture because it is an area that we can proudly and comfortably, too, call the mainstay of our economy. Instead of talking about grazing for cattle, we should be talking about healthy animals like goats and sheep. Cattle is a moving poison, it is full of cholesterol unlike goats and sheep. So, we should begin to be talking about developing goats and sheep farm.
Some people believe that the way out of Nigeria’s current challenges is restructuring. Do you have any opposing view to that?
According to former Vice President Alex Ekwueme and Tony Momoh also said it recently in an interview with him, the 36 states of the country should be collapsed into six zones. This will go a long way in solving the problems of over-bloated recurrent expenditure and drastically reduce the cost of running Nigeria as a whole. A zone has six states currently, and if each of those states is run by, for instance, one governor and 24 commissioners, it means that the zone has six governors and 144 commissioners. But if the six states are collapsed into one federating unit as a zone, you can imagine how viable that zone will be.
In other words, are you in support of restructuring?
I am in full support of it. When a motion was moved in Anambra House of Assembly, I supported it. We should have six zones which should be agricultural zones, that is, zones grown by agriculture.
What factors will you say are threatening the peace, unity and development of Nigeria?
There is only one factor and that factor is the economy. The economy is very bad and Buhari should give way for somebody who has plan to come and take care of the economy.
How do you mean?
What I mean is that Buhari has no programme. He has got what he has been awake to get, which is to be president of Nigeria, and after his four years he should give way for somebody who has programme to come in and restructure Nigeria economically and geographically.
What other programmes should the government put in place after the current diversification?’
You should ask him, what programme does he have? I have told you agriculture and it is the mainstay of Nigerian economy right from time immemorial. Oil is just a recent thing. If we develop agriculture, you will see how less concerned we will naturally become about oil. Part of the problem is that Buhari has to be fair to all ethnic groups in Nigeria and not to pay attention to only one. It is not only when you embezzle money that they say you are dishonest. Buhari could be honest but he is not a fair man.
In what sense is Buhari not a fair man?
He is not fair to South East. The roads in the South East are deplorable. I am telling you what is on ground for him to know that if he wants the South East people to believe that he cares for them, he should bring development to their region. It is a very funny saying that all those big trucks collapsing everyday on the bad roads of the East are trucks from the North.
I shouldn’t even be seen as criticising the President but rather be seen as letting him know what he needs to do to make peace with the South East. How can somebody like me who has always been on the side of peace and unity of Nigeria be painted in bad light? I am an in-law to the Yoruba because I married from Yoruba land and both Hausa and Fulani are my friends. What I am saying is that, President Buhari should please bring development to the East so that every Igbo man will be able to see him as a father that cares.
Who is to blame for the hostilities in the Niger Delta?
I read that some leaders of Niger Delta have agreed that they truly got their fair shares of the national cake and that is correct. Talking about the hostilities and the poverty level in the area, I said the last time that the problem of Niger Delta was within them and that they should therefore look inward for solution. The only thing I blame the Federal Government for is their talk of resorting to military option.
So, I appeal to my brothers and sisters in the Niger Delta area that they are justified in their agitation but they should know that their problem is neither Buhari nor the Federal Government, they should therefore look inward for solution by laying down their arms.
Does it not bother you that despite the derivation funds that accrued to oil producing states in the Niger Delta region, there is nothing to show for it?
That is why I said they should look inward. Their problem is with themselves and all these people who embezzle public funds will naturally pay for it. What I want President Muhammadu Buhari to do is to say, “Look, it is not just a question of giving money to the Niger Delta region but to ensure that what is given is properly utilised.”
Let us assess President Buhari’s performance in terms of economy, security and infrastructure. When you said Buhari has no programme, does it mean he has done nothing commendable?
Economy covers everything including security and infrastructure. Once the economy is fixed, security and infrastructure will come up. I must commend Governor Willie Obiano at this point for the present security in Anambra State. What he needs now is to be supported with roads and power by the Federal Government. We don’t have good roads. As I speak to you now, nothing has been done Onitsha- Enugu road.
But the government announced recently that contractors had been mobilised to the Enugu-Port Harcourt road to start work?Nothing has been done. We have competent companies to handle the job. There is Julius Berger, there is CCC.
What is your advice therefore?
Government of President Buhari should first of all analyse its priorities.
By October, Iru Ji Festival of your kingdom will come up. What should be expected this year?
The usual things should be expected. Iru Ji is an opportunity for us to give thanks to Almighty God for strengthening us to make good farm and good harvest throughout the year. This year we have good harvest and with the rain we hope to have more. Like I told you, I am a farmer, I grow yam and more especially rice.
Jim Iyke celebrates his son as he turns one
As Nollywood actor Jim Iyke's son Harvis turns one yesterday he took to instagram to express his joy and happiness.
Jim Iyke's son, Harvis Chidubem Iyke turned one on Thursday, September 1, 2016, and the talented actor couldn't help but gush over him.
The Nollywood actor took to his Instagram page to share a picture collage of his son and his birthday cake, alongside a sweet message.
Commenting on the photo, Iyke wrote:
"Happy Earthstrong King Harviui. Your grandpa warned me time would go fast. Nobody said anything about moving in a blur!! You were gurgling words a few months ago. Now you're the little dude running around everywhere and wrecking stuff in houses! Refusing to be fed or picked up when you misstep and fall. My super smart, fearless, independent, strong willed, hilarious boy!! I'm the man I dreamed to be coz of you. I do all this and some, for you. I don't know what I did right to deserve you. They're yet to find a word stronger than love for you. Your life saved my life son. God filtered the best part of me into you. The most amazing life outside the glare of scrutiny until you're old enough to make your choices and follow your path is my duty for life to u, so help me God. Your first European party is the intro. The naija party will be Dope! U know Papa is a rolling stone!! God bless and Protect you son. You are King. I am proudly Subject for life."
Jim Iyke's son, Harvis Chidubem Iyke turned one on Thursday, September 1, 2016, and the talented actor couldn't help but gush over him.
The Nollywood actor took to his Instagram page to share a picture collage of his son and his birthday cake, alongside a sweet message.
Commenting on the photo, Iyke wrote:
"Happy Earthstrong King Harviui. Your grandpa warned me time would go fast. Nobody said anything about moving in a blur!! You were gurgling words a few months ago. Now you're the little dude running around everywhere and wrecking stuff in houses! Refusing to be fed or picked up when you misstep and fall. My super smart, fearless, independent, strong willed, hilarious boy!! I'm the man I dreamed to be coz of you. I do all this and some, for you. I don't know what I did right to deserve you. They're yet to find a word stronger than love for you. Your life saved my life son. God filtered the best part of me into you. The most amazing life outside the glare of scrutiny until you're old enough to make your choices and follow your path is my duty for life to u, so help me God. Your first European party is the intro. The naija party will be Dope! U know Papa is a rolling stone!! God bless and Protect you son. You are King. I am proudly Subject for life."
Man rapes 2years old girl, Tears her private part
Doctors at the lagos state University Teaching Hospital LASUTH, Ikeja are battling to save the life of a two years old girl who was raped by a 28years old tailor called Itua in Oshodi area of lagos state.
Mother of the baby, Mrs. Ajibade, was reportedly going out with the baby, but left her to urinate behind their 1, Masako Street residence, only to return to find that her daughter had vanished.
The suspect, a tailor whose shop was located opposite Ajibade’s home denied seeing the baby, when asked.
However, the toddler’s mother told Vanguard: “My baby later came to me crying, pointing at her private part and, at the same time, calling ‘Itua,’ ‘Itua’.
“I checked her private part and discovered that her pant was blood-stained. When I asked Itua what he did to my daughter, he said nothing. He admitted that my daughter came to meet him in his shop, but that he drove her out to go and meet me.
“At that point, I started shouting at the top of my voice, until people gathered. A mob gathered and apprehended him.”
When Vanguard visited the area yesterday, the suspect’s shop was under lock and key. Other apprentice were said to have fled for fear of being arrested.
A resident, who simply gave his name as Matthew, said: “This is not the first time. He has been caught several times, but would beg to be freed. This is the first time he has been taken to the police. Policemen from Akinpelu Division took him away.”
‘I only fingered her’
During interrogation, Itua, an Esan man, from Edo State, said: “I didn’t put my manhood in her. I only fingered her. It was the devil’s handwork.”
The Child Protection Network Coordinator, Mirabel Centre, at LASUTH, Mr. Ebenezer Omejalile, described the incident as the worst case ever received at the centre.
He said: “The girl was in a pool of blood, with her private part very expanded. It is not easy patching her up. The girl is still there receiving treatment.”
Relatives of the suspect appealed to the family of the baby to withdraw the case from the police station, but Vanguard gathered that the Centre refused, saying rape was a case against the government and justice must be done.
Mother of the baby, Mrs. Ajibade, was reportedly going out with the baby, but left her to urinate behind their 1, Masako Street residence, only to return to find that her daughter had vanished.
The suspect, a tailor whose shop was located opposite Ajibade’s home denied seeing the baby, when asked.
However, the toddler’s mother told Vanguard: “My baby later came to me crying, pointing at her private part and, at the same time, calling ‘Itua,’ ‘Itua’.
“I checked her private part and discovered that her pant was blood-stained. When I asked Itua what he did to my daughter, he said nothing. He admitted that my daughter came to meet him in his shop, but that he drove her out to go and meet me.
“At that point, I started shouting at the top of my voice, until people gathered. A mob gathered and apprehended him.”
When Vanguard visited the area yesterday, the suspect’s shop was under lock and key. Other apprentice were said to have fled for fear of being arrested.
A resident, who simply gave his name as Matthew, said: “This is not the first time. He has been caught several times, but would beg to be freed. This is the first time he has been taken to the police. Policemen from Akinpelu Division took him away.”
‘I only fingered her’
During interrogation, Itua, an Esan man, from Edo State, said: “I didn’t put my manhood in her. I only fingered her. It was the devil’s handwork.”
The Child Protection Network Coordinator, Mirabel Centre, at LASUTH, Mr. Ebenezer Omejalile, described the incident as the worst case ever received at the centre.
He said: “The girl was in a pool of blood, with her private part very expanded. It is not easy patching her up. The girl is still there receiving treatment.”
Relatives of the suspect appealed to the family of the baby to withdraw the case from the police station, but Vanguard gathered that the Centre refused, saying rape was a case against the government and justice must be done.
We have laid down our arms on pipeline vandalism -Avengers
They however demanded that government must also be ready to show commitment towards the proposed dialogue by withdrawing the military from carrying out further actions within the region.
One of the stakeholders of the Amnesty Programme and leader from the region, Elder Timi Ogoriba made the decision known on Friday, after an indoor stakeholders meeting held in the Presidential Amnesty Office, Abuja.
He said that the meeting was necessitated by the recent happenings in the Niger Delta region which had impacted negatively on the economy.
“I see an end to the militancy in the Niger Delta, definitely, there is nothing that starts that does not end. Right now, there is a cease fire because of the interfacing by some of us with the people that are involved.
“Government on its part has to show commitment by trying to put up a dialogue team, doing some of the things the young men had asked for, which I know they are very much aware of.”
On the military action in the area, Elder Ogoriba said it would be reasonable for government to also cease fire by withdrawing its troops from carrying out further action against the Avengers to pave way for a meaningful dialogue.
‘’Well, they say the military action in the region is a routine thing, but the timing is not proper. Now that there is what is called a cease fire, cease is not a one way thing, it is a two way thing.
“As far as we are concerned, the military is on one side then the agitators are on one side. If at this time, the agitators have pronounced a cease fire, and the military is still there, it may appear provocative, it may be misconstrued.
“So, we have been making several appeals to ensure that they withdraw. And if they think it is a routine thing that they are doing, let them not carry out actions that might provoke others which could bring about a combat, which we do not want now.”
On when the dialogue will start, he said, “we would not know when the dialogue will commence, we have asked the government to put up a team for the dialogue. The moment the government put up a team, within the next one or two days, the other side will also put up theirs, which we are trying to take care of. Dialoguing is a process. So long as it begins, and we are sincere in our approach, everybody will lay down his arm.”
Speaking on the possible extension of the amnesty programme, he said that the moment the dialogue starts, few of the things that were demanded by the agitators, which made them to agitate will be addressed within the confine of dialogue, insisting that sincerity is the hallmark of all the efforts.
“Once dialogue starts, what people of the region must be seen doing is to put up a bill of right, collectively, putting all the problems of the area together because it is not everybody that will be there.
“I am believing that at the end of the day, these issues causing problems for us will be addressed. Everybody should be interested, government should be proactive. People from the Niger Delta too should take care of their people and address the issues when they come up, adding that amnesty programme is not only the programme earmarked for training of people that are viable but noted that there exist other programmes that would meaningfully engage them at the end of the dialogue.
One of the stakeholders of the Amnesty Programme and leader from the region, Elder Timi Ogoriba made the decision known on Friday, after an indoor stakeholders meeting held in the Presidential Amnesty Office, Abuja.
He said that the meeting was necessitated by the recent happenings in the Niger Delta region which had impacted negatively on the economy.
“I see an end to the militancy in the Niger Delta, definitely, there is nothing that starts that does not end. Right now, there is a cease fire because of the interfacing by some of us with the people that are involved.
“Government on its part has to show commitment by trying to put up a dialogue team, doing some of the things the young men had asked for, which I know they are very much aware of.”
On the military action in the area, Elder Ogoriba said it would be reasonable for government to also cease fire by withdrawing its troops from carrying out further action against the Avengers to pave way for a meaningful dialogue.
‘’Well, they say the military action in the region is a routine thing, but the timing is not proper. Now that there is what is called a cease fire, cease is not a one way thing, it is a two way thing.
“As far as we are concerned, the military is on one side then the agitators are on one side. If at this time, the agitators have pronounced a cease fire, and the military is still there, it may appear provocative, it may be misconstrued.
“So, we have been making several appeals to ensure that they withdraw. And if they think it is a routine thing that they are doing, let them not carry out actions that might provoke others which could bring about a combat, which we do not want now.”
On when the dialogue will start, he said, “we would not know when the dialogue will commence, we have asked the government to put up a team for the dialogue. The moment the government put up a team, within the next one or two days, the other side will also put up theirs, which we are trying to take care of. Dialoguing is a process. So long as it begins, and we are sincere in our approach, everybody will lay down his arm.”
Speaking on the possible extension of the amnesty programme, he said that the moment the dialogue starts, few of the things that were demanded by the agitators, which made them to agitate will be addressed within the confine of dialogue, insisting that sincerity is the hallmark of all the efforts.
“Once dialogue starts, what people of the region must be seen doing is to put up a bill of right, collectively, putting all the problems of the area together because it is not everybody that will be there.
“I am believing that at the end of the day, these issues causing problems for us will be addressed. Everybody should be interested, government should be proactive. People from the Niger Delta too should take care of their people and address the issues when they come up, adding that amnesty programme is not only the programme earmarked for training of people that are viable but noted that there exist other programmes that would meaningfully engage them at the end of the dialogue.
Reccession, Buhari's way out - presidency
As a direct response to the fiscal crisis, it said the Federal Government and its agencies were now focusing on agriculture, solid minerals, taxation, infrastructure, industrialisation, plugging leakages, anti-corruption and reducing the cost of governance among others.
A functional framework, it said, had been put in place at all levels of government to ensure that current reforms at resuscitating the economy result in a more stable growth that would not be dependent on global oil prices.
Senior Special Assistant on Media and Publicity to the President, Mallam Garba Shehu, who said these in a 2,176-page piece, dismissed insinuations that the government lacked a clear response to the cash crunch, adding that key sectors where the nation had comparative advantage were being developed.
The statement which examined the current crisis within the context of insinuations that it was either caused or accentuated by the administration of President Muhammadu Buhari, said the immediate past administration had postponed the current downturn by borrowing heavily to run the country in addition to the oil revenue it generated.
Hence, the admonishment that the present administration should not be blamed for the prevailing hardship across the country, noting the government was only acting truthfully in accordance with the state of the economy.
He, however, said that calls for the country to forget the past misgovernance and move ahead were inimical to efforts at reviving the economy, noting that the wrongs of the past must be corrected to avoid repeating the same mistakes.
In that regard, Shehu pointed out that the quantum of funds stolen in the past, if not recovered, could likely be deployed in threatening well-intentioned efforts of the Buhari administration.
However, he said the present circumstance demands patriotism and sacrifice from all Nigerians to ensure that the country returns to sustainable growth.
His words:‘’ See what the current administration is doing to sanitize the huge salary bill by eliminating payroll fraud. So far, the federal payroll has been rid of about 40,000 ghost workers. More than eight billion Naira stolen monthly has been saved.
‘’We are also saving on wasteful expenses like First Class travels and use of private jets for official trips. The federal government is not limiting the reforms to the center but forcing state governments to reform their spending and build savings or investments.
‘’Government is also increasing spending on capital projects especially on infrastructure needed to make Nigerian businesses competitive and create jobs. The administration is at the same time blocking leakages that allowed government revenues to be siphoned into private hands.
‘’Currently, there is a focus on key sectors apart from oil that can create jobs and or generate revenue such as agriculture, solid minerals and manufacturing. If these things had been done when the oil price was as high as $140 per barrel, Nigeria would not be in the current predicament. We would not be suffering now if we had cash reserves, regular supply of power, a good rail system, good roads and good housing.
‘’ From its records so far, this administration is trying to reset the Nigerian economy and ensure that it attains its potential. We are doing this at a time when the global economy is in crisis due to the oil price collapse. Even rich nations like Saudi Arabia are experiencing problems
The government is people-focused and wants the economy to grow in a way that will create a more stable future which is not dictated by world oil prices. No more boom and bust.
‘’Nigeria wants to take responsibility for its own destiny. Therefore, our policies will ensure that Nigeria returns to growth in a sustainable manner. No more dependence on oil. Every part of Nigeria has a role to play in contributing to our growth. We will create an environment where people can thrive and where businesses can grow.”
A functional framework, it said, had been put in place at all levels of government to ensure that current reforms at resuscitating the economy result in a more stable growth that would not be dependent on global oil prices.
Senior Special Assistant on Media and Publicity to the President, Mallam Garba Shehu, who said these in a 2,176-page piece, dismissed insinuations that the government lacked a clear response to the cash crunch, adding that key sectors where the nation had comparative advantage were being developed.
The statement which examined the current crisis within the context of insinuations that it was either caused or accentuated by the administration of President Muhammadu Buhari, said the immediate past administration had postponed the current downturn by borrowing heavily to run the country in addition to the oil revenue it generated.
Hence, the admonishment that the present administration should not be blamed for the prevailing hardship across the country, noting the government was only acting truthfully in accordance with the state of the economy.
He, however, said that calls for the country to forget the past misgovernance and move ahead were inimical to efforts at reviving the economy, noting that the wrongs of the past must be corrected to avoid repeating the same mistakes.
In that regard, Shehu pointed out that the quantum of funds stolen in the past, if not recovered, could likely be deployed in threatening well-intentioned efforts of the Buhari administration.
However, he said the present circumstance demands patriotism and sacrifice from all Nigerians to ensure that the country returns to sustainable growth.
His words:‘’ See what the current administration is doing to sanitize the huge salary bill by eliminating payroll fraud. So far, the federal payroll has been rid of about 40,000 ghost workers. More than eight billion Naira stolen monthly has been saved.
‘’We are also saving on wasteful expenses like First Class travels and use of private jets for official trips. The federal government is not limiting the reforms to the center but forcing state governments to reform their spending and build savings or investments.
‘’Government is also increasing spending on capital projects especially on infrastructure needed to make Nigerian businesses competitive and create jobs. The administration is at the same time blocking leakages that allowed government revenues to be siphoned into private hands.
‘’Currently, there is a focus on key sectors apart from oil that can create jobs and or generate revenue such as agriculture, solid minerals and manufacturing. If these things had been done when the oil price was as high as $140 per barrel, Nigeria would not be in the current predicament. We would not be suffering now if we had cash reserves, regular supply of power, a good rail system, good roads and good housing.
‘’ From its records so far, this administration is trying to reset the Nigerian economy and ensure that it attains its potential. We are doing this at a time when the global economy is in crisis due to the oil price collapse. Even rich nations like Saudi Arabia are experiencing problems
The government is people-focused and wants the economy to grow in a way that will create a more stable future which is not dictated by world oil prices. No more boom and bust.
‘’Nigeria wants to take responsibility for its own destiny. Therefore, our policies will ensure that Nigeria returns to growth in a sustainable manner. No more dependence on oil. Every part of Nigeria has a role to play in contributing to our growth. We will create an environment where people can thrive and where businesses can grow.”
Mark Zuckerberg takes selfies with President Buhari at Aso Rock
Facebook billionaire CEO and the worlds 5th richest man, Mark Zuckerberg is back in Nigeria.
He returned to Nigeria after taking a quick trip to Kenya.
He returned to Nigeria after taking a quick trip to Kenya.
The CEO was spotted with President Buhari, Osinbajo, ICT minister and a host of other top government officials at the Aso Villa at the grand finale of Aso Villa Demo today.
He even rocked a rare suit and took a selfie with Nigeria’s President, Muhammadu Buhari.
Man sets Mother, Brother In-law ablaze after wife divorces him
A 37-year old man has been alleged to have set the home of his in-laws on fire killing his mother-in-law and brother-in-law.
The incident reportedly took place at Isampou in Ekeremor LGA in Bayelsa State on Thursday, September 1, 2016.
The suspect is reported to have committed the dastardly act because his wife divorced him. His brother-in-law who sustained first degree burns in the accident later died at the hospital.
Leadership Newspaper reports that an angry mob later stormed the suspect's village in speed boats,bringing with them the charred remains of the mother-in-law, before setting his family house in Bomadi, Delta State, ablaze.
Further investigations revealed that the suspect and his wife were having marital problems which forced her to call off the marriage and return to her parent's village.
An indigene of Isampou said:
"Yes I heard about the fire. We gathered that the wife left him some days ago insisting that she does not want to marry him anymore. The wife was living with her husband at Bomadi, Delta state before she left for her mother’s house at Isampou, Bayelsa."
The suspect is alleged to have poured kerosene in and around the home of his mother-in-law with the intention of killing his wife.
"Though the wife had planned to sleep. But changed her mind at the last minute and moved to the house of a friend. It was only her mother and her brother that were in the house during the fire," the eyewitness concluded.
The suspect who fled the scene immediately after is yet to be apprehended. May the souls of the departed rest in peace. Amen
The incident reportedly took place at Isampou in Ekeremor LGA in Bayelsa State on Thursday, September 1, 2016.
The suspect is reported to have committed the dastardly act because his wife divorced him. His brother-in-law who sustained first degree burns in the accident later died at the hospital.
Leadership Newspaper reports that an angry mob later stormed the suspect's village in speed boats,bringing with them the charred remains of the mother-in-law, before setting his family house in Bomadi, Delta State, ablaze.
Further investigations revealed that the suspect and his wife were having marital problems which forced her to call off the marriage and return to her parent's village.
An indigene of Isampou said:
"Yes I heard about the fire. We gathered that the wife left him some days ago insisting that she does not want to marry him anymore. The wife was living with her husband at Bomadi, Delta state before she left for her mother’s house at Isampou, Bayelsa."
The suspect is alleged to have poured kerosene in and around the home of his mother-in-law with the intention of killing his wife.
"Though the wife had planned to sleep. But changed her mind at the last minute and moved to the house of a friend. It was only her mother and her brother that were in the house during the fire," the eyewitness concluded.
The suspect who fled the scene immediately after is yet to be apprehended. May the souls of the departed rest in peace. Amen
Buhari's administration causing significant harm to Nigeria's economy -PDP
Agine the oppostion pary Peoples Democratic Party (PDP) has attacked President Muhammadu Buhari administration saying the the administration is doing significant harm to economy and that it can not rescuing Nigeria from economic recession.
PDP media director, Deji Adeyanju, made this known in a statement on Friday.
He declered that the government was not taking the right steps to save the economy.
He described the statement of Kemi Adeosun, finance minister, that the government would bring Nigeria out of recession through fiscal discipline and diversification as “empty rhetoric.”
“Yesterday, the minister of finance – Mrs Kemi Adeosun – stated that the Muhammadu Buhari administration will focus on two policies to remove Nigeria from recession – fiscal discipline and diversification,” he said.
“Firstly, we believe a recession is not reversed by diversification. A recession is reversed by implementing a stimulus package designed to cut taxes, reduce the cost of doing business and boost spending on infrastructure & other critical sectors of the economy.
“Available data shows that the Buhari administration has spent a meagre 19 percent of the allocation for CAPEX in budget 2016. This sort of spending will not make any sort of impact on the economy.
“Assuming, but not conceding that Mrs Adeosun is right, the challenge is the past 15 months show that despite the glib talk the Buhari administration is doing neither.
“For instance, despite claims of weeding out ghost workers from the payroll and reducing the civil service wage bill, Nigeria’s wage bill increased from N1.65tr in 2014 to N1.83tr and N1.71tr in 2015 and 2016 respectively.
“These figures represent a combined total increase of N240bn from the wage bill in 2014.
“Two days ago, the Central Bank of Nigeria (CBN) released its economic report for Q2 2016 which showed that the FG incurred a N1.09tr deficit for the quarter. This deficit was 96 percent higher than the N555.49b allowed.
“Total expenditure for this period stood at N1.76 trillion, surpassing the provisional quarterly budget estimate by 12.8 percent, representing a 58.1 percent increase of the Q1 expenditure.”
Adeyanju said that the figures showed “an abject lack” of fiscal discipline in the management of the nation’s finances by the Buhari administration.
“On diversification, GDP figures released by the Nigerian Bureau of Statistics (NBS) yesterday show that the Buhari administration is doing significant harm to non-oil sectors of the economy,” he said.
“Non oil GDP contracted by -0.38 percentin Q2 2016 from -0.18 percent in Q1 2016 and 3.46 percent in Q2 2015.
“Furthermore, CBN figures show that non-oil export fell by 43.2 percent to $576.97m in Q2 2016.
“As the data shows, even sectors that experienced growth in Q2 have slowed considerably compared to Q1 2016 & Q2 2015.
“As these figures show, the Buhari administration is just paying lip service to the issue of diversification and it is in fact worsening the non-oil sectors of the economy.
“These figures also show that Mrs Adeosun’s comments about fiscal discipline are diversification are empty rhetoric.
“We reiterate our position that this government is out of depth and is incapable of reversing the economic recession into which they have plunged our nation.”
Earlier, the PDP had asked Buhari to resign for allegedly “destroying” the economy.
PDP media director, Deji Adeyanju, made this known in a statement on Friday.
He declered that the government was not taking the right steps to save the economy.
He described the statement of Kemi Adeosun, finance minister, that the government would bring Nigeria out of recession through fiscal discipline and diversification as “empty rhetoric.”
“Yesterday, the minister of finance – Mrs Kemi Adeosun – stated that the Muhammadu Buhari administration will focus on two policies to remove Nigeria from recession – fiscal discipline and diversification,” he said.
“Firstly, we believe a recession is not reversed by diversification. A recession is reversed by implementing a stimulus package designed to cut taxes, reduce the cost of doing business and boost spending on infrastructure & other critical sectors of the economy.
“Available data shows that the Buhari administration has spent a meagre 19 percent of the allocation for CAPEX in budget 2016. This sort of spending will not make any sort of impact on the economy.
“Assuming, but not conceding that Mrs Adeosun is right, the challenge is the past 15 months show that despite the glib talk the Buhari administration is doing neither.
“For instance, despite claims of weeding out ghost workers from the payroll and reducing the civil service wage bill, Nigeria’s wage bill increased from N1.65tr in 2014 to N1.83tr and N1.71tr in 2015 and 2016 respectively.
“These figures represent a combined total increase of N240bn from the wage bill in 2014.
“Two days ago, the Central Bank of Nigeria (CBN) released its economic report for Q2 2016 which showed that the FG incurred a N1.09tr deficit for the quarter. This deficit was 96 percent higher than the N555.49b allowed.
“Total expenditure for this period stood at N1.76 trillion, surpassing the provisional quarterly budget estimate by 12.8 percent, representing a 58.1 percent increase of the Q1 expenditure.”
Adeyanju said that the figures showed “an abject lack” of fiscal discipline in the management of the nation’s finances by the Buhari administration.
“On diversification, GDP figures released by the Nigerian Bureau of Statistics (NBS) yesterday show that the Buhari administration is doing significant harm to non-oil sectors of the economy,” he said.
“Non oil GDP contracted by -0.38 percentin Q2 2016 from -0.18 percent in Q1 2016 and 3.46 percent in Q2 2015.
“Furthermore, CBN figures show that non-oil export fell by 43.2 percent to $576.97m in Q2 2016.
“As the data shows, even sectors that experienced growth in Q2 have slowed considerably compared to Q1 2016 & Q2 2015.
“As these figures show, the Buhari administration is just paying lip service to the issue of diversification and it is in fact worsening the non-oil sectors of the economy.
“These figures also show that Mrs Adeosun’s comments about fiscal discipline are diversification are empty rhetoric.
“We reiterate our position that this government is out of depth and is incapable of reversing the economic recession into which they have plunged our nation.”
Earlier, the PDP had asked Buhari to resign for allegedly “destroying” the economy.
Wednesday, 31 August 2016
INEC: Electorial commitee says 400,00 PVC's are yet to be collected in Edo state
The Independent National Electoral Commission (INEC) said that more than 400,000 out of the 1,925,105 registered voters were yet to collect their Permanent Voters Cards (PVCs) in Edo.
This is contained in a statement signed by the Chief Press Secretary to the INEC Chairman, Mr Rotimi Oyekanmi on Wednesday in Abuja.
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Oyekanmi reported the Edo State Resident Electoral Commissioner (REC), Mr Sam Olumekun, as saying this at a meeting of an Inter-Agency Consultative Committee on Election Security at INEC headquarters in Abuja.
Olumekun said that total number of registered voters in the state stood at 1,925,105.
`` Edo state has 18 Local Government Areas, six of which are riverine. The state has 192 Wards, 2,627 Polling Units and 4,011 Voting points,’’ Olumekun said.
He added that the ``distribution of the old PVC was done simultaneously with the Continuous Voter Registration (CVR) between June 22 and 26, while distribution was continuing at the local government offices.
``New voters, numbering135, 877 registered during the exercise, but over 400,000 PVCs remained not collected,’’ Olumekun said.
Olumekun assured that there was adequate number of smart card readers to conduct the Sept.10 governorship election in the state.
He said that the commission was fully prepared for the election as it had carried out its preparations in line with the provision of the Constitution and the Electoral Act .
Olumekun said that both the publication of the Voters’ Register and the presentation of soft copies to political parties took place on Aug.11.
``To fulfill the provisions of Section 87 of the Electoral Act, congresses of political parties were monitored between June 2 and July 4, while the observation of the ongoing political campaigns started since June 2,’’ he said.
Olumekun added that the commission had also organised an enlightenment workshop when it noticed the use of hate speeches and unethical comments.
He added that the enlightenment workshop was quickly organised to remind party leaders of the sanctions applicable and the need to maintain decorum.
On his part, the Edo State Commissioner of Police, Mr. Chris Ezike, said about 22,603 policemen would be deployed for the election, aside several officers to be deployed by other security agencies.
Ezike added that the West African Examinations Council (WAEC) was advised at a recent meeting to shelve the conduct of the 2016 Nov/Dec Senior School Certificate Examination (SSCE), scheduled for the election day.
He said that movement would be restricted in the state, it would be impossible for candidates writing the examination to move about to their respective centres.
He added that WAEC was also advised to relocate the candidates to nearby states for the examination.
Ezike, who described the election as a litmus test for the new Inspector-General of Police, said the police in the state began preparations several months ago.
``If there is a way we can mitigate violence, our election will be conclusive.
``Since September 2015, we have made 870 arrests, while 525 suspects have been charged to court.
``Over 248 individuals have renounced cultism and some 248 small arms have now been recovered,” he added.
Ezike said that a show of force would be conducted on Aug. 31, while a number of helicopters would be deployed for surveillance purposes during the election.
``For the Edo election, we are good to go. We will not give room for ballot snatching and we will enforce the no-movement order to the letter.”
INEC Chairman, Prof Mahmood Yakubu, who chaired the meeting, commended the Police for putting a robust security arrangement in place.
``If we can implement what you have on paper and presented to us at this meeting, then we can all look forward to a successful outing in Edo.”
The statement stated that INEC and the Nigeria Police assured that adequate logistic and security arrangements had been made put for voters to exercise their civic duties in the election.
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