Connect with us

News

Buhari’s Independence Day Speech, Slap On Nigerians, PDP Laments

Published

on

The Peoples Democratic Party (PDP), yesterday, described President Muhammadu Buhari’s Independence anniversary speech as a slap on the sensibilities of Nigerians, particularly his justification of his administration’s increment of the pump price of the Premium Motor Spirit (PMS), also known as fuel.
Buhari had in his broadcast, pointed out a number of oil producing countries, including Saudi Arabia, Ghana, Egypt and Niger Republic, where the price of fuel is higher than in Nigeria, and concluded by saying that “sustaining the level of petroleum prices is no longer possible.”
In its reaction, the PDP, in a statement signed by its spokesman, Kola Ologbondiyan, yesterday, called on Buhari to “wake up to reality and take demonstrable urgent steps that will address the divisive tendencies and poor economic policies of his administration, which are fast decimating our dear nation under his watch.”
According to the party, “President Buhari’s attempt to justify the increase of fuel price in Nigeria by comparing it to the N168 per litre cost in Saudi Arabia is a morbid joke,” adding that “the minimum wage in Saudi Arabia is N305,113 (3000 Saudi Riyals), ten times higher than our paltry N30,000 which is largely unimplemented in Nigeria.”
The statement further read: “Is Mr. President not aware that, on the average, a person working in Saudi Arabia earns around 4,230SAR (N430, 267) to 16,700 SAR (N1, 698,693) per month?
“Our party charges Mr. President to always check his books before making such offensive comparisons including the price in Egypt where monthly average earning is around N222, 841 (9,200 EGP) against our N30,000.
“In comparing our costs with other countries such as Ghana, Chad and Niger where purchasing powers of citizens are much more higher, did Mr. President reflect on the cost of house rent, education, healthcare and average dependence on fuel for daily survival by ordinary citizens as obtainable in Nigeria?
“If the flawed assertions as evident in Mr. President’s speech are a direct reflection of how policies are formulated in his administration, then one needs not wonder why our economy is in doldrums.
“Indeed, it is imperative to state that if the Buhari administration had summoned the competence and honesty to continue the programs already laid by previous administrations under our party to revive our refineries and provide infrastructural backbone for our productive sector, fuel price will not be more than N100 per litre, in addition to the gains from by-product from crude oil.
“The PDP, therefore, urges Mr. President to engender harmony and productivity by allowing for more robust discourse that will lead to affordable prices for fuel and other essential commodities in our country.”
The major opposition party in the country also flayed the togetherness theme of the President’s speech, describing the allusion as a mere rhetoric.
“Our party also holds as ludicrous that President Buhari is hyping his ‘better together’ theme when the administration he heads, runs on nepotism, disregard for rule of law, human right abuses, corruption, political intolerance, suppression of free speech and aggression towards dissenting voices.
“We urge Mr. President to end his rhetoric and take practical steps to entrench the culture of rule of law and strengthen harmonious living through inclusiveness, equity in wealth distribution and equal access to opportunities for all Nigerians irrespective of creed, class, and ethnicity.
“Furthermore, credible elections are essential to harmonious living. Our party therefore restates our commendation to Mr. President for his new found commitment to non-interference in elections leading to conduct of free, fair and credible governorship election in Edo State on September 19.
“We urge President Buhari to toe the line of the Edo election in the October 10 Ondo governorship election so as to consolidate the legacy of free and fair election under his watch.
“Additionally, Mr. President should exert himself on rebuilding our economy by ending his borrowing spree and focusing on our productive capacity instead of his endless lamentation over his failures.
“Moreover, security is pivotal to our economic revival. The unceasing acts of insurgency, banditry and kidnapping in the last five years have wrecked our nation’s productivity and threatened her corporate existence.
“It is, therefore, worrisome that Mr. President’s speech did not address the call on him by Nigerians demanding that he rejigs his security architecture to inject new blood that will effectively confront our security challenges.
“Our party restates our belief in the potentials of our nation and urges Mr. President to seek help by engaging more competent hands to assist in handling the affairs of our nation,” it further noted.

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