Connect with us

News

Resign, Atiku Tells Buhari Over Comment On Economy

Published

on

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has called on President Muhammadu Buhari to resign over his comment last Friday that Nigeria’s economy was in a bad shape.
President Buhari reportedly stated this at a meeting with state governors at the Presidential Villa, Abuja.
The president told us that “the economy is in bad shape and that we have to come together, think and rethink on the way forward,” Governor Abdulaziz Yari of Zamfara who briefed journalists after the meeting said.
No presidency official has refuted the statement by Governor Yari who is of the same party as the president, APC, and is the chairman of the Nigeria Govenrors Forum.
In a statement issued in Abuja yesterday by his Special Assistant on Public Communication, Phrank Shaibu, Alhaji Abubakar described President Buhari’s statement as a ploy to attract the sympathy of Nigerians and a disguise to get a soft landing from aggrieved Nigerians unhappy with his performance.
“The result of course is this late hour confession of failure on the eve of our general elections, in the hope that millions of Nigerians, whom he has condemned to poverty and hardship will give him a clap for failing abysmally. I dare say that President Buhari has miscalculated badly on this matter because Nigerians are simply fed up with him.”
“The economy has collapsed under his watch and he has by this frank remarks admitted that he has no idea on how to fix it and that is why he summoned the governors to help him. This is really very sad because President Buhari has run out of time and what Nigerians need now is a leadership which has the political will, administrative experience and sound economic acumen to get Nigeria working again,” Mr Shuaibu said.
“But then, President Buhari has only confirmed what we have known all along; that he has wrecked our once robust economy, that he has no solutions to the challenges facing our country and that the situation can only get worse under his administration.
“The Buhari Presidency has continued to increase its expensive running costs and has failed to offer any explanation or recover the over N11 trillion (allegedly wasted) from our oil sector by APC interests, yet Mr. President is asking Nigerians to make more sacrifices,” the statement read in part.”
Atiku said the honourable step to take is for the president to step down from his position.
“Unless those in charge of the APC and the party’s supporters are, as usual, suffering from some form of self-delusion, it just does not make any sense for them to say that the APC-led federal government had brought succour to the ordinary Nigerian when President Muhammadu Buhari himself has admitted to Governors of the 36 States of the federation that the economy has gone beyond his control,” the spokesperson said.
“Or do we need a prophet to tell us that the president’s admission of the state of the nation’s economy is a vindication of our long-held position and indeed the forecast by HSBC recently cited by the Nigerian media where the bank had said a second term for Buhari would greatly stunt the economy of the country?” he asked.
He called on the APC to apologise to Nigerians for the party’s performance since 2015.
According to him, the hopes for better governance and improved standard of living that many had nursed with the assumption of office by President Muhammadu Buhari in May 2015 has since given way to despair and hopelessness.
“The exchange rate of the Naira to the US dollar when the APC assumed office in 2015 was about 170 (official rate) to the dollar. Today it is 360 to the dollar. Today, millions of Nigerians, most of them youths, are unemployed, forcing them to become professional beggars who wait with bated breath for FG’s monthly N5,000 handout and N10,000 Tradermoni aimed at bribing them to re-elect the party in the forthcoming elections,” the statement said.
“Power generation has actually dipped from 4,949 megawatts PDP left in 2015 to less than 3,500 megawatts even though Buhari’s handlers consistently claim that 7,000 megawatts is what is currently being generated. What more evidence do we need to know that the APC has been a curse rather than a blessing to our country,” he queried
“It is amazing that, in this day and age when leaders of nations are expected to be creative and think outside the box, by applying new digital tools and embracing new thinking in addressing the emerging challenges to modern governance, our own President is still living in the Paleolithic age of blame game and buck passing as responsible for his failures. What this simply means is that President Buhari was not really prepared for governance and did not even understand the simplest intricacies of running a national economy as big as Nigeria.
“This is really tragic and it is obvious that President Buhari has come to the end of the road and has completely given up on the next steps to advance Nigeria, while those whom his dear wife openly declared misled his administration into this economic quagmire are still drumming up support for his next level of more hardship, suffering, unprovoked deaths as a result of misgovernance,” the statement said.
He said the only way out of the nation’s problems is for Nigerians to vote en-mass for Atiku Abubakar whose policy document focuses on job creation, ensuring security, growing businesses, developing power, and water infrastructure, agriculture and education and how ‘Nigeria’s next president will empower women.’
“The next generation of Nigerians are looking up to a visionary and cosmopolitan leadership, headed by a solid and steady leader, that will free up the space, remove unnecessary ancient cum bureaucratic obstacles and launch Nigeria into the competitive global space instead of de-marketing the country in the eyes of the global community. President Buhari should wake up and smell the aroma of the coffee Alhaji Atiku Abubakar is brewing. He is tired and at his wits end and it is time for him to vacate active task of presidency and return to his much cherished sedentary, pastoral and rustic lifestyle in his country home in Daura then leave the rigours and highly strategic art of governance to those who know how to govern and get the economy working again,” he concluded.

Continue Reading

News

FG Targets Production Of Locally Made Vehicles By Dec

Published

on

The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

Continue Reading

News

Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

Published

on

The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

Continue Reading

News

Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

Published

on

A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

Continue Reading

Trending