Connect with us

News

Insecurity, Electoral Act, Top Agenda As Senate Resumes

Published

on

After its 62-day annual recess, the Ninth Senate will resume tomorrow to face a myriad of challenges facing the nation, especially insecurity with cases of armed banditry, kidnapping and massive killing of persons across the country.
Other issues include the Constitution and Electoral Act amendment bills, National Water Resources Bill and the 2022 budget.
In line with the Senate Legislative Calendar, the Senator Ahmad Lawan, APC, Yobe North–led Red Chamber adjourned on July 15, 2021 for its annual holiday.
One of the major assignments that would feature as the senators resume is honouring colleagues who died as a result of old age or insecurity unleashed by terrorists and bandits
While the lawmakers were on break, there were serious cases of insurgency, kidnapping and killing across the country.
One of the cases is the infiltration of the fortress of the Nigerian Defence Academy (NDA), Afaka, Kaduna State, with killing of two middle–level officers and abduction of another.
One issue awaiting the Senate’s attention is the report of its joint committees on 2022-2024 Median Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).
Some senators had to cut short the break to ensure that the document was ready before resumption, and for this reason, the Senator Olamilekan Adeola, APC, Lagos West-led Senate Joint Committees on Finance, National Planning, Petroleum Upstream, Downstream and Gas had brainstorming exercises with revenue generating agencies.
President Muhammadu Buhari had written to the Senate seeking for expeditious consideration and subsequent approval of the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) as required by the Fiscal Responsibility Act.
President of the Senate, Dr Ahmad Lawan, read the letter from Buhari during plenary.
To fast track the passage, the President of the Senate referred the communication to the Joint Committees on Finance, National Planning, Banking, Insurance and other Financial institutions; Petroleum on Downstream, Upstream, Gas Resources and Foreign and local Debts.
It would be recalled that the Federal Executive Council (FEC) had approved the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) as required by the Fiscal Responsibility Act, projecting revenue generation of N6.54trillion and N2.62trillion to accrue to the Federation Account and VAT, respectively.
The council also authorised the funding of N5.26trillion budget deficit through borrowings.
A salient and topical issue that will come up is the presentation of the 2022 Appropriation Bill to the joint National Assembly by Buhari for passage in order to meet up with the return to the budget cycle of January to December.
Another assignment for the Senate is the submission and clause-by-clause consideration of the report of the Senator Ovie Omo-Agege, APC, Delta Central-led Constitution Review Committee, which received over 60 memoranda, seeking to alter provisions of the Constitution.
Also, the passage of the harmonized copy of Electoral Act (Amendment) Bill 2021, following different recommendations by the Senate and the House of Representatives on electronic transmission of election results by the Independent National Electoral Commission (INEC), will receive attention.
The amendment carried out by the 8th National Assembly was declined presidential assent.
During the recess, one major issue that still generated national discourse and criticisms was the Water Resources 2020 Bill which was reintroduced last year in the House of Representatives.
There are insinuations that it will bounce back in the Senate as the senators because of the seriousness attached to it by the Federal Government.
The bill passed second reading in the House of Representatives under Hon Femi Gbajabiamila and was referred to a House committee.
The proposed legislation seeks to concentrate the control of water resources around rivers Niger and Benue which cut across 19 states, in the hands of the Federal Government.
States that would be affected are Lagos, Ondo, Ogun, Edo, Delta, Kwara, Kogi, Benue, Anambra, Enugu, Akwa Ibom, Adamawa, Taraba, Nasarawa, Niger, Imo, Rivers, Bayelsa, Plateau, and Kebbi.
Controversial parts of the law include the part that vests ownership of water bodies on the Federal Government and the part that mandates citizens to get Federal Government permission to drill boreholes in their homes or business premises.
The bill also allows the government control of about three kilometres radius of the water bodies, meaning that it will control both the water and land resources.
Section 2(1) of the bill caps it all, saying, “all surface water and ground water, wherever it occurs, is a resource common to all people.’’

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