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Overhaul Security Architecture, Dogara Tells Buhari

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Sequel to the failure of President Muhammadu Buhari to assent to the Electoral Act amendment Bill passed by the National Assembly three times, Speaker of the House of Representatives, Hon Yakubu Dogara, has warned the Independent National Electoral Commission (INEC) and the Police that Nigerians would accept nothing short of complete openness, a level playing ground and strict adherence to extant Laws in the conduct of the 2019 elections.
He also noted that the palpable fears of well-meaning Nigerians and the international community of the possibility of some forces working to manipulate the coming elections by exploiting the identified loopholes in the current Electoral Act, may become a reality if proactive steps are not taken by critical stakeholders.
In a speech to mark the resumption of the House from the Christmas and New Year break delivered on the floor of the House of Representatives yesterday, the Speaker said the National Assembly has done its possible best to deepen the nation’s democratic process by providing mechanisms that would guarantee successful and rancour-free elections by passing the Electoral Act Amendment Bill for the third time after the President had declined assent to it twice, meaning that the impending general elections will not benefit from the innovative mechanisms crafted in its collaboration with international and development partners.
The Speaker stated, “It should remain a thing of pride for us that the National Assembly has done its best by taking steps to guarantee the successful and rancour-free conduct of the 2019 General Elections by passing the Electoral Act Amendment Bill for the third time after Mr President had declined assent to it twice.
Lack of passage into Law of the amended Bill means that the impending General Elections will not benefit from the innovative mechanisms crafted in its collaboration with international and Development partners. Consequently, the palpable fears of well-meaning Nigerians and the international community of the possibility of some forces working to manipulate the coming elections by exploiting the identified loopholes in the current Electoral Act, may become a reality if proactive steps are not taken by critical stakeholders.
“Hon. Members, I believe that our intention to improve on the successes of the 2015 General Election through the Amendment Bill, is very clear to all fair-minded Nigerians.
The spate of serious allegations by stakeholders, corroborated by some Press reports against INEC and the Nigerian Police in the recent elections, which are already subjects of litigations, are some of the factors that gave rise to public apprehension on the success of the coming General Elections. “We had intended, through this Bill, to minimise the risk to the survival of our hard-won democracy through responsive and timely legislation aimed at ensuring free, fair and transparent elections.
Nonetheless, as Parliament, we have done our best to guarantee the stability and growth of our fragile democracy, and I have no doubt that history will be very kind to us. “Under the present circumstance, we have no choice than to take INEC and the Police by their words and give them the benefit of doubt in their recent assurances to be impartial, efficient and truthful in the conduct of the coming elections. This is the minimum that the country deserves from them at this auspicious time.
Nothing short of complete openness, a level playing ground and strict adherence to extant Laws will be acceptable to Nigerians.” Hon Dogara also called on the President and Commander-In-Chief of the Armed Forces, President Muhammadu Buhari, to take a hard look at Nigeria’s national security architecture with a view to securing lives, national pride and prestige and to fight against unbridled violence.
“We are all witnesses to the continuous deteriorating security situation in our country more especially in the North East, North West and some parts of the North Central. Only three days ago, scores of people were killed in Sokoto State and elsewhere,” he stated, adding, that hardly does any week pass without reports of mass killings and bloodletting, either by terrorists or armed bandits.
“This calls for drastic, urgent and concerted action and efforts to bring to a quick end. Our citizens are looking up to us and we can’t afford to fail them because security of lives and properties is the primary purpose of government. The fight against unbridled violence is one we cannot afford to lose as we can’t do so and still keep our civilisation.
The symptoms of the malady afflicting our national security architecture are in plain sight. It is therefore imperative for the President and Commander-In-Chief of the Armed Forces to take a hard look at our national security architecture with a view to fixing the malady in order to secure lives, national pride and prestige,” he said. Addressing his colleagues, Hon Dogara noted that with less than five months to the end of the 8th National Assembly, now is a good time to reflect on the journey they started in June, 2015 and while the House can boast that it has done appreciably, the remaining period demands assiduous and expeditious work so that the huge legislative assignments that still lies ahead of them can be done with and the unsurpassed record of legislative outputs so far achieved by the House can be maintained.
Specifically, he called for accelerated legislative processing of the 2019 Appropriation so that government business will not be impeded, as well as other Bills under consideration which are critical to the development of our country. This is just as he reminded them to strike a good balance between their commitment to legislative duties and participation in the campaigns by streamlining their political timetable and schedules to make room for attendance to legislative duties as much as is expected of them.
Advocating for the highest form of decorum in the campaigns, the Speaker stated, “I find it imperative on this occasion to call on all our political leaders to cultivate the highest level of decorum, responsibility and respect for the Law in our electioneering campaigns. We must, through our conduct, show our commitment to the successful and peaceful conduct of the 2019 elections and above all, the sustenance of our democracy. We should avoid the tendency of being hypocritical by engaging in misdeeds that we are quick to point out in our opponents. Let us be guided by our conscience and the teachings of our religions, which demand that we judge ourselves before judging others.”
While expressing gratitude for the continued support and unity of the members to the leadership of the House, he cautioned that “neither contest for elective office nor elections are ends in themselves as they are merely the means by which we seek to serve the people and indeed humanity. Where our intentions are genuine and honorable, we shall never seek power at the expense of the lives and properties of those we seek to serve. This should be our resolve across board.”

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Tinubu Lauds Dangote’s Diesel Price Cut, Foresees Economic Relief

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President Bola Tinubu, yesterday, applauded Dangote Oil and Gas Limited for reducing the price of Automotive Gas Oil, also known as diesel, from N1,650 to N1,000 per litre.
The Dangote Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above
Tinubu described the move as an “enterprising feat” and said, “The price review represents a 60 per cent drop, which will, in no small measure, impact the prices of sundry goods and services.”
In a statement signed by his Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu affirmed that Nigerians and domestic businesses are the nation’s surest transport and security to economic prosperity.
The statement is titled ‘President Tinubu commends Dangote Group over new gantry price of diesel.’
Tinubu also noted the Federal Government’s 20 per cent stake in Dangote Refinery, saying such partnerships between public and private entities are essential to advancing the country’s overall well-being.
Therefore, he called on Nigerians and businesses to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.
This statement comes precisely a week after Dangote met President Tinubu in Lagos, where he said Nigerians should expect a drop in inflation given the cut in diesel pump prices.
“In our refinery, we have started selling diesel at about ¦ 1,200 for ¦ 1,650 and I’m sure as we go along…this can help to bring inflation down immediately,” Dangote told journalists after he paid homage to President Bola Tinubu at the latter’s residence to mark Eid-el-Fitr.
The businessman said his petroleum refinery had been selling diesel at N1,200 per litre, compared to the previous price of N1,650–N1,700.
He expressed hopes that Nigeria’s economy will improve, as the naira has made some gains in the foreign exchange market, dropping from N1,900/$ to the current level of N1,250 – N1,300.
Dangote said this rise in value has sparked a gradual drop in the price of locally-produced goods, such as flour, as businesses are paying less for diesel. Therefore, he asserted that the reduced fuel costs would drive down inflation in the coming months.
“I believe that we are on the right track. I believe Nigerians have been patient and I also believe that a lot of goodies will now come through.
“There’s quite a lot of improvement because, if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ¦ 1,900.
“But right now, we’re back to almost ¦ 1,250, ¦ 1,300, which is a good reprieve. Quite a lot of commodities went up.
“When you go to the market, for example, something that we produce locally, like flour, people will charge you more. Why? Because they’re paying very high prices on diesel,” he explained.
He argued that the reduced diesel price would have “a lot of impact” on local businesses.
“Going forward, even though the crude prices are going up, I believe people will not get it much higher than what it is today, N1,200.
“It might be even a little bit lower, but that can help quite a lot because if you are transporting locally-produced goods and you were paying N1,650, now you are spending two-thirds of that amount, N1,200. It’s a lot of difference. People don’t know.
“This can help bring inflation down immediately. And I’m sure when the inflation figures are out for the next month, you’ll see that there’s quite a lot of improvement in the inflation rate, one step at a time. And I’m sure the government is working around the clock to ensure things get much better,” Dangote added.
He also urged captains of industry to partner with the government to improve the lives of citizens.
“You can’t clap with one hand,” said the businessman, adding, “So, both the entrepreneurs and the government need to clap together and make sure that it is in the best interest of everybody.”

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Court Halts Amaewhule-Led Assembly From Extending LG Officials’ Tenure

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The Rivers State High Court sitting in Port Harcourt has issued an interim injunction directing the maintenance of status quo ante belum following the move by the Martin Amaewhule-led Assembly in Rivers State to extend the tenure of the elected local government councils’ officials.
The Amaewhule-led Assembly, which is loyal to the Minister of Federal Capital Territory, Nyesom Wike, had amended the Local Government Law Number 5 of 2018 and other related matters.
Amaewhule, explained that the amendments of Section 9(2), (3) and (4)of the Principal Law was to empower the House of Assembly via a resolution to extend the tenure of elected chairmen and councilors, where it is considered impracticable to hold local government elections before the expiration of their three years in office.
But the court asked all the parties to maintain the status quo ante belum pending the hearing and determination of motion on notice for the interlocutory injunction.
The court presided over by G.N. Okonkwo also ordered that the claimant/applicant would enter into an undertaking to indemnify the defendants in the sum of N5million should the substantive case turned out to be frivolous.
The court fixed April 22, 2024 to hear the motion on notice for interlocutory injunction.
Okonkwo also issued an order of substituted service of the motion on notice for interlocutory injunction, originating summons and other subsequent processes on the defendants.
The orders were made following a suit filed by Executive Chairman, Opobo-Nkoro, Enyiada Cooky-Gam; Bonny, Anengi Claude-Wilcox; and five other elected council officials challenging the decision of the Amaewhule-led House of Assembly to extend the tenure of local government areas.
Also named as defendants in the suit are the Governor of Rivers State, the Government of Rivers State and the Attorney-General of Rivers State.
The claimants/applicants are praying the court for a declaration that under section 9(1) of the Rivers State Local Government Amendment Law number 5 of 2018 the tenure of office of the chairmen and members of the 23 local government councils of Rivers State is three years
A declaration that the tenure of office of the elected chairmen and members of the local government areas would expire on the 17th of June 2024 having commenced on the 18th of June 2021 when they were sworn in.
A declaration that the defendants cannot in any manner or form extend the tenure of office of the chairmen and members of the local government areas after the expiration of their tenure.
An order of perpetual injunction restraining the defendants from extending the tenure of office of the chairmen and members of the local government areas.
An order of perpetual injunction restraining the 28th, 29th and 30th defendants (the Governor, the Government House and the Attorney-General) from giving effects to any purported extension of the tenure of the chairmen and members of the local government areas.
They also prayed for an order of interlocutory injunction directing all the defendants to maintain the status quo by not elongating the three-year tenure of the chairmen and councilors.
The claimants further sought an order of interlocutory injunction restraining the defendants from extending the tenures of the chairmen and the councilors.

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Nigeria’s Inflation Rate’ll Drop To 23% By 2025 -IMF

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In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating a significant shift in inflation rates.
Division Chief of the IMF Research Department, Daniel Leigh, highlighted the impact of Nigeria’s economic reforms, including exchange rate adjustments, which have led to a surge in inflation rate to 33.2 percent in March.
Nigeria’s inflation rate rose to 33.2 percent according to recent data released by the National Bureau of Statistics.
Also, the food inflation rate increased to over 40 per cent in the first quarter of 2024.
Leigh stated, “We see inflation declining to 23 per cent next year and then 18 percent in 2026.”
This is however different from the fund’s prediction of a new single-digit (15.5 per cent ) inflation rate for 2025 which it predicted last year.
He further elaborated on Nigeria’s economic growth, which is expected to rise from 2.9 percent last year to 3.3 percent this year, attributing this expansion to the recovery in the oil sector, improved security, and advancements in agriculture due to better weather conditions and the introduction of dry season farming.
The IMF official also noted a broad-based increase in Nigeria’s financial and IT sectors.
“Inflation has increased, reflecting the reforms, the exchange rate, and its pass-through into other goods from imports to other goods,” Leigh explained.
He added that the IMF revised its inflation projection for the current year to 26 percent but emphasised that tight monetary policies and significant interest rate increases during February and March are expected to curb inflation.
An official of the IMF Research Department, Pierre Olivier Gourinchas commented on the global economic landscape, mentioning that oil prices have risen partly due to geopolitical tensions, and services inflation remains high in many countries.
Despite Nigeria’s inflation target of six to nine percent being missed for over a decade, Gourinchas stressed that bringing inflation back to target should be the priority.
He warned of the risks posed by geo-economic fragmentation to global growth prospects and the need for careful calibration of monetary policy.
“Trade linkages are changing, and while some economies could benefit from the reconfiguration of global supply chains, the overall impact may be a loss of efficiency, reducing global economic resilience,” Gourinchas said.
He also emphasised the importance of preserving the improvements in monetary, fiscal, and financial policy frameworks, particularly for emerging market economies, to maintain a resilient global financial system and prevent a permanent resurgence in inflation.

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