Connect with us

News

Buhari Doing Well With Dwindling Revenues, Minister Affirms

Published

on

The Minister of Information and Culture, Alhaji Lai Mohammed, says the administration of President Muhammadu Buhari is doing immensely well, in spite of the dwindling revenues accruing to government.
The minister stated this while responding to questions on the state of the nation on an audience participatory programme of the language station of Radio Nigeria, Lagos operations, Bond FM 92.9 in lkeja.
The programme, aired in Yoruba Language, in Lagos.
Mohammed said the Buhari government was delivering on its election promises in spite of economic crunch due to dwindling price of crude oil and the effects of Covid-19 pandemic on the global economy.
He said that in terms of massive infrastructure renewal and delivery, Buhari’s government surpassed previous administrations which experienced oil boom but failed to effectively utilise it to better the lives of Nigerians.
Buttressing his position on the development in key sectors, Mohammed explained that since 1987, there was no definite investment in the railway infrastructure, until Buhari came in 2015.
He said many railway routes have been established, standard gauges inaugurated and many modern coaches acquired by the government, thereby transforming land transportation.
On the transformation of the Agricultural sector, the minister said before the Buhari administration came on board, Nigeria depended solely on importation of rice from Thailand and India.
He said with the visionary leadership of Buhari, Nigeria has 34 integrated rice mills while rice production by local farmers has significantly increased, leading to many locally made brands of rice.
Mohammed said the lingering crises in the power sector, was foisted on the country by previous administration which sold the generation and distribution arms of the sector to private companies without capacity to run the facilities effectively.
To rescue the situation, the minister said the Buhari government has spent N1.7trillion in subsidising electricity since it came into power.
The minister, however, said that government can no longer sustain the subsidy because of dwindling resources and the fact that it has not translated to steady power supply.
He explained that such funds are better used for other visible capital projects that would add value to the lives of Nigerians.
He urged Nigerians to be patient with the government with the ongoing restructuring of the power sector.
The minister assured that Nigeria will witness steady power supply with the implementation of the MoU signed with a foreign technology company, SIEMENS, to deliver 7,000mw by 2021 and 11,000mw by 2023.
He equally disclosed that the federal government spent N10.4 trillion on fuel subsidy from 2006 to 2009 reiterating that the regime can no longer be sustained under the prevailing economic conditions.
“Revenues and foreign exchange earnings by the government have fallen by almost 60 per cent due to the downturn in the fortunes of the oil sector.
“There is no provision for subsidy in the revised 2020 budget. So where will the subsidy money come from?
“Remember that despite the massive fall in revenues, the government still has to sustain expenditures, especially on salaries and capital projects,” he said.
The minister noted that the citizens are not the beneficiaries of the subsidy on petroleum products that has lasted for years.
He explained that the administration removed fuel subsidy because only few persons were benefitting from the money, which was having no positive impact on the nation’s economy.
Mohammed noted that with the removal of subsidy the price of petroleum products would be determined by market forces of demand and supply.
He assured that the deregulation of the petroleum sector would save the country trillions of Naira, which can be used to provide modern infrastructures for the benefit of the people.
The minister added that the deregulation would spur investments in the petroleum industry, especially in the building of local refineries, and result in lower fuel prices.
He said that the first modular refinery that has the capacity to refine 5,000 barrels of petroleum products daily would be inaugurated in October in Imo state.
The minister said when the Dangote’s 650,000 barrels capacity per day refinery and other modular refineries come on stream, they would help in reducing the price of finished petroleum products in the country.
He assured that the government under the watch of President Buhari will not derail in its electioneering promises of taking Nigeria to the next level.

Continue Reading

News

US Embassy, Lagos Consulate Close Today For President’s Day

Published

on

The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

Continue Reading

News

Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

Published

on

United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

Continue Reading

News

Four To Face Death Penalty Over DPO Angbashim’s Murder

Published

on

A Rivers State High Court sitting in Port Harcourt has convicted and sentenced four persons to death by hanging over the gruesome killing of the former Divisional Police Officer of Ahoada East Police Division, SP Bako Angbashim.

The presiding Judge, Justice Sika Aprioku, in a landmark judgment, last Thursday, found the quartet guilty of conspiracy, murder, membership of a secret cult group and robbery, saying the prosecution proved its case beyond reasonable doubt.

Those sentenced to death by hanging are Robinson Sonabari, identified as a native doctor; Bright Okparawo; Precious Amaeze, popularly known as Selina; and Loveday Jack, also known as Ragged Excess. The court ordered that they be hanged by the neck until they are confirmed dead.

Justice Aprioku also convicted the sixth defendant, Samuel Nwadinma, and sentenced him to three years imprisonment for conspiracy.

The third accused person was, however, discharged and acquitted of the four-count charge.

In the same vein, the court discharged Famous Okechukwu, Samuel Uchendu, Oyekachi Ikonwa, Godbless Nnamdi and Marshall Daniel, who were earlier found guilty of membership of a secret cult group, on the grounds that they had already served the maximum terms prescribed by law in the correctional facility.

The court held that among those convicted was the native doctor who allegedly prepared the charm used in the killing of the late DPO.

Speaking with newsmen shortly after the judgment, the lead prosecution counsel from the Rivers State Ministry of Justice, Chigozie Amadi, alongside a representative of the police legal team, Celestine Dickson, commended the judiciary for ensuring that justice was served.

Dickson, who represented the Nigeria Police Force in the joint prosecution, expressed concern that officers saddled with the responsibility of protecting lives and property had increasingly become targets of criminal elements.

He, however, expressed optimism that the judgment would serve as a strong deterrent to would-be offenders.

Also reacting, the elder brother of the late DPO, Akasco Angbashim, who travelled from Nasarawa State to witness the judgment, said the verdict had healed a long-standing wound inflicted on the family since the brutal murder of their brother.

He commended the judiciary, the Rivers State Government and the police for their commitment to justice, stressing that the judgment sends a clear message that no individual has the right to unlawfully take another person’s life.

The four convicts were among 72 persons initially arraigned before the State High Court by a joint prosecution team comprising the Department of Public Prosecutions and the Rivers State Police Command over the murder.

During the trial, 61 accused persons, including the Eze Ekpeye Logbo, Eze Kelvin Anugwo, and a former Ahoada East Council Chairman, Cassidy Ikegbidi, were discharged and acquitted for lack of evidence, leaving 13 defendants to face judgment.

SP Angbashim was gruesomely murdered on September 8, 2023, during a police operation in Odemude community, Ahoada East Local Government Area.

His killing sparked tension in the area, prompting a joint security operation that led to the death of the suspected cult leader, David Okparanwo, popularly known as 2Baba.

By: King Onunwor

 

Continue Reading

Trending