Connect with us

News

Nigeria’s Foreign Debt Hits $4.3bn

Published

on

Nigeria’s foreign debt stood at 4.3 billion dollars as at March, with the domestic debt profile hitting N2.4 trillion, the Minister of Finance, Mr Olusegun Aganga, said in Abuja.

Aganga gave the figures on Monday at a workshop on process and procedures for obtaining local and foreign loans by both the federal and state governments.

The workshop was organised by the House of Representatives Ad Hoc Committee on the Investigation of Foreign and Domestic Loans in collaboration with the Central Bank of Nigeria (CBN).

Nigeria’s foreign debt was 3.54 billion dollars at the end of 2004 before its exit from the Paris Club of creditors that year.

Aganga said the level of debt was still within the internationally accepted benchmark for measuring debt sustainability but warned that every reason for borrowing must be justified.

“We must get value for every kobo we spend on behalf of the Nigerian people,” he said.

The minister stressed that the country deserved excellent cash flow to effectively address its persistent problem of infrastructureal inadequacy.

According to him, Nigeria is 40 per cent above the internationally accepted benchmark. 

Also speaking, the CBN Governor, Malam Lamido Sanusi Lamido, said the idea of zero debt was incompatible with developmental ideals, explaining that Africa lacked the required funds to meet its infrastructural needs.

He stressed the need for the CBN and the Debt Management Office to coordinate their activities in the interest of the country’s foreign debt.

According to Lamido, little has been done by relevant authorities to check revenue leakages in the Nigeria Customs Service.

He said that unless these leakages were blocked, the problems the country was going through in terms of dwindling revenue would persist.

The CBN governor said there was no basis for the government to continue to subsidise petroleum products when a few persons continued to benefit to the detriment of other Nigerians.

“I will continue to talk about petroleum subsidy; there are just a few groups of people that enjoy to the disadvantage of others.

“Subsidy on petroleum is unnecessary; I do not believe that the subsidy is actually coming to Nigerians,” he said.

Lamido said that borrowing money to subsidise petroleum products was baseless as the proceeds went to “a small cabal” in the country.

Earlier, the Speaker of the House of Representatives, Mr Dimeji Bankole, who declared the occasion open, had said the workshop became necessary following the renewed spate of borrowings by the federal and state governments.

He said the National Assembly was worried about the lack of adherence to extant legislation governing public borrowing.

“ We are not on any mission to decree against borrowing, whether foreign or domestic, but we are persuaded that borrowing, where inevitable, should be functional, productive and backed by value and optimal cases self-liquidation,” he said.

Print Friendly, PDF & Email
Continue Reading

News

Unvaccinated Civil Servants Rush To Beat Dec 1 Deadline

Published

on

Effective today, Federal Government workers who are unvaccinated against COVID-19 would be denied access to their offices as directed by the Secretary to Government of the Federation.
The Federal Government through the Secretary to Government of the Federation, Boss Mustapha, few weeks ago advised civil servants to get vaccinated against COVID-19 or they would be denied access to public offices effective December 1, 2021.
To avoid that, Federal Government workers, yesterday, rushed to different COVID-19 vaccination centres in Abuja as early as possible to get vaccinated in order to beat the deadline given by the Federal Government for its workers to get vaccinated or risk unfriendly actions which could include temporary suspension from work.
The workers, as observed, besieged various vaccination centres within and around the Federal Secretariat, Abuja, to get vaccinated.
Some took advantage of the mobile vaccination centres that were set up across Abuja to help the civil servants get vaccinated.
At the mobile vaccination centre located close to the federal secretariat car park, officials of the National Orientation Agency (NOA) were deployed to sensitize the people on the need to take the vaccine, not because a deadline was set for Federal Government workers but for their own health.
Adorned in branded T-shirt with inscription, “get vaccinated”, the NOA officials were sharing information and encouraging workers and other people to come get vaccinated.
One of the NOA officials, who pleaded anonymity, said that turnout was impressive.
“Our strategy yielded result. We used open vehicles with sound systems and public address system to invite the people to come get vaccinated. We assured the people that the vaccine is safe, and urged them to disregard the misinformation circulating in the social media.
“As many that turned up, we attended to them. We politely demanded for their details, and give them the vaccine, and advised them on what next to come take their second jab.”
The NOA official confirmed that there was sufficient COVID-19 vaccine, and advised unvaccinated persons to take advantage of that and get immunized against COVID-19 and avoid unfriendly actions from the Federal Government enforcement team.
Similarly, at the National Hospital, Abuja, a staff engaged in the vaccination exercise confirmed that there was increased turn out of masses in the past few days, perhaps, in response to the advice of the Federal Government for its workers to get vaccinated.
Meanwhile, a civil servant who preferred to be identified as Ishaku, said he took the vaccine at the mobile vaccination centres at the Federal Secretariat.
He said he was reluctant to get vaccinated because of the false information he was fed with.
“But I know better now, and that was why I came out to take the vaccine willingly.
“It wasn’t because of the deadline by the Federal Government but because of my health and safety. I have come to realize that the vaccine is safe for human use as against what we were told.”
Another civil servant, Precious Okhai, said she took the vaccine against her will.
“I was forced to take this vaccine. I read in the newspapers days ago where Federal Government advised workers to get vaccinated if they love their jobs.
“I yielded to that pressure because of the place I work. I don’t believe in COVID-19 and the vaccine neither do I have confidence in the efficacy of the vaccine. I was just forced to take the vaccine because it’s totally against my will.
“At least, I won’t be denied access to my office from tomorrow because I didn’t take COVID-19 vaccine. However, taking the second jab of the vaccine will be dependent on the kind of reaction I get from this first dose, because I have heard several things about the side effects of the vaccine.”
Also, Wasiu Jegede, said he took the vaccine last week, even though he’s not a civil servant neither was he a diplomat.
“I took the vaccine for my own sake and health after being convinced beyond measures that the vaccine is safe.
Few days ago, the Minister of Health, Dr. Enahire Osagie, advised the workers, particularly those who are yet to get vaccinated to go for their vaccines if they love their job.
He said that vaccination against COVID-19 has become a global phenomenon and Nigeria cannot afford to be left behind in the fight against the dreaded COVID-19.
He said: “There’s a deadline already set and we are hoping that it will encourage those civil servants who love their jobs and are yet to take the COVID-19 vaccine to take the vaccine for their own good.
“The reason is that there’s evidence that supports the fact that if you are fully vaccinated, the effect of COVID-19 won’t be much on you. But that is not the same with unvaccinated people. There are higher chances of survival in case fully vaccinated person comes down with COVID-19.
“However, those who have not taken the vaccine are threat to the safety of other people who have been fully vaccinated and possibly share same public places with them by virtue of being colleagues. There’s higher risk of them infecting other people, and that’s what we want to avoid. In addition to that, we want to secure the health of others who share same public spaces.
“Evidently, most countries now insist on presenting evidence of full vaccination before someone is being allowed into public places including restaurants, airplanes and others.”

Print Friendly, PDF & Email
Continue Reading

News

Senate Probes Spate Of Jailbreaks

Published

on

The Senate, yesterday, mandated its Committee on Interior to carry out a full-scale investigation into the causes of jailbreaks across the country.
This is as it resolved to summon the Minister of Interior, Ogbeni Rauf Aregbesola; the Attorney General of the Federation, Abubakar Malami, SAN, and the Comptroller-General of the Nigerian Correctional Service, Haliru Nababa, to determine the status of correctional centres nationwide, with a view to finding out the challenges in order to prevent future recurrence.
This was after a motion titled, ‘Terror Attacks on two Communities in Plateau North and Jail Break at the Jos Medium Security Correctional Centre Jos,’ was brought to the floor by Senator Istifanus Gyang representing Plateau North Senatorial District.
The Special Assistant to President of the Senate, Ezrel Tabiowo, yesterday, disclosed this in a statement titled, ‘Senate probes jailbreaks across Nigeria.’
According to the statement, “Gyang, while coming under order 42 and 52 of the Senate Rules to present his motion, noted with grief the multiple terror attacks on two communities of Ta’egbe, Rigwe land and Durbi, Sheri District in a Bassa and Jos East local governments, leading to the death of over ten persons over the weekend.
“According to the lawmaker, the attacks caused by a security breach of the Jos Medium Security Correctional Centre, was a setback to the relative and much-desired peace in Plateau North.
“He disclosed that nine inmates, including an officer identified as Umar A. Mohammed, were also killed, while 252 inmates escaped during the jailbreak.
“He said among the inmates at large, six were fatally injured, 10 of the escapees re-arrested, 63 sentenced to death, 27 convicted, and 181 awaiting trials.
“Gyang said that the invaders responsible for the break ‘walked through a security zone and broke through to have over 200 inmates escape from the Centre’.
“He added that the wardens who put up a fight against the invaders were overwhelmed during a gun battle against the attackers.
“Contributing, Senator Ahmad Babba Kaita (Katsina North) blamed the spate of insecurity in Nigeria on the inadequate number of personnel across the various security agencies in the country.
“He, therefore, called on the National Assembly to rise to the occasion by appropriating more funds to security agencies to enable them to undertake recruitment of more personnel.
“The Senate Leader, Yahaya Abdullahi (Kebbi North), attributed the recent jailbreak in the country to what he described as a ‘porous prisons system’.
“He lamented that jailbreaks have become a recurring decimal which, in recent times have exposed the lives of Nigerians to harm, as a result of prisoners on the rampage to avenge their conviction.
“On his part, the Deputy Whip, Senator Aliyu Sabi Abdullahi (Niger North), described the string of jailbreaks across the country as ‘unfortunate’.
“He said the development which must be tackled headlong was fallout of correctional services being the weakest link in Nigeria’s criminal justice system.”
The Deputy Senate President, Ovie Omo-Agege, who presided over plenary, yesterday, described the security breaches at correctional facilities as a “serious issue” that must be looked into.
He called for more funding of the office of the National Security Adviser to facilitate intelligence gathering.
Omo-Agege said, “Having given all the requisite funding to the security agencies, why are we still having these challenges? I think it is something we need to sleep over.
“But in the interim, it is clear that we have a serious intelligence gathering gap, there’s no debate about that.
“I think the Department of State Services (DSS) and most especially the office of the NSA have not been given the kind of funding that is required for this fight, because they are the ones that are in charge of intelligence gathering.
“I’ve always taken the position that the office of the NSA, most especially, has been underfunded.
“He is supposed to be the one coordinating intelligence gathering and providing such intelligence to the other agencies for them to give requisite protection.
“If the office of the NSA is not properly funded, then, of course, it means that we are all in trouble.
“I think this is something that we must appeal to Mr. President, and even here in the leadership of the National Assembly, to look into for additional funding for the office of the NSA and, possibly, that of the DSS before the budget is finally tabled for consideration.”
The Senate in its resolutions called for a reinforcement of physical protection system and mechanism at correctional centres across the nation by the Ministry of Interior to forestall further attempts at jailbreaks.

By: Nneka Amadi-Nnaji, Abuja

Print Friendly, PDF & Email
Continue Reading

News

Ortom, Tiv Youths Spa Over Drunken Comment

Published

on

Tiv Youth Council Worldwide (TYCW) is at loggerheads with Benue State Governor, Samuel Ortom, over the widely circulated claim that the governor referred to the people of his state as ‘drunkards’.
TYCW had, yesterday, demanded an apology from Ortom, for allegedly referring to Benue indigenes as drunks.
But Ortom said he would not give any apology as he reiterated his stance that he was misquoted and did not call the people of Benue ‘drunkards’.
While asking for the apology, TYCW, in a statement issued in Abuja by its President, Mr Mike Msuaan, yesterday, said it was regrettable that the governor made such derogatory remarks on a people surviving on self-help.
It noted that it was disheartening that Ortom, who had neither been able to initiate any development project nor pay basic salaries and pensions and gratuities of retirees, could make such remark.
“While inaugurating the new building of RCN Embassy Church in Makurdi, the governor was quoted to have accused his critics of `drinking beer from 9 a.m. and sleeping all-day long,’’ it stated.
According to TYCW, the governor has consistently ignored counsel to partner with relevant Federal Government agencies to attract development to the state rather than dishing out verbal insults to perceived enemies.
“We have appealed to Governor Ortom several times to please concentrate on governance and entrench good governance and responsible leadership in the state.
“We have wondered why development has continued to elude us under his leadership, especially at a time states created several years after Benue has moved with the speed of light.
“Today, we are sad that the governor has moved from lack of development to verbally dish out insults.
“We have listened to an audio recording in some national dailies and online media that while inaugurating a church building recently, the governor said his people drank from 9a.m.
“He said in the audio recording that Tiv people and went to bed from beer parlours only to wake and insult the governor.
“So far, there has been no rebuttal from the government.
“The response from the Chief Press Secretary, Mr Nathaniel Kyur, was a face-saving and damage control blunder in which he accepted that Governor Ortom made the comment but it was targeted at APC members.
“We join well-meaning Nigerians to strongly condemn such use of derogatory words on the good people of Benue and demand an immediate and unreserved apology from the governor,’’ the group stressed.
It maintained that such demeaning reference to a people should be condemned by all well-meaning people, and called on the Benue Traditional Council and religious institutions to call the governor to order.
“We have consistently tasked Governor Ortom to develop the state and to create an enabling environment for the people of Benue to excel.
“The governor’s comment is very painful because he has not conducted any employment exercise since he came to office in 2015.
“In 2019, he promised to employ 5,000 teachers; lately, he reduced the number to 2,000, but this has remained in the realm of wishful thinking.
“The governor has refused to pay workers and pensioners in the state for several months,’’ the TYCW added.
It stated also that since he was elected governor, Ortom had not built any industry to meaningfully employ the people of Benue.
“We have continuously appealed to him, to liaise with relevant Federal Government institutions to rebuild, resettle and return Internally-Displaced People to their ancestral homes.
“This appeal fell on deaf ears. We have consistently reminded him that even in Borno which is almost a war zone, Governor Babagana Zulum has been resettling his people,’’ Tiv Youth Council Worldwide added.
Reacting to the demand for an apology, the Chief Press Secretary to the Governor, Mr Nathaniel Kyur, said Ortom would not apologise over statements that were products of mischief by a newshound.
Kyur said that the reporter who wrote the “mischievous story has already tendered an apology to the governor, hence there was no point demanding an apology from Ortom.
“Our earlier statement on the matter suffices.
“If anybody has an audio clip of the message, let him tender it and he will be made to present the original in court.
“Ortom will not apologise for what he did not say,’’ Kyur insisted.

Print Friendly, PDF & Email
Continue Reading

Trending