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Just In : I challenge global community to pay attention to the root cause of poverty and instability in Africa’s, Says Tinubu
…He explains reasons for removing fuel subsidy, managing FX market
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President Bola Tinubu has called on the global community to pay attention to the root causes of poverty and instability in Africa’s Sahel region, emphasising the need for economic collaborations and inclusiveness to achieve stability and growth.
President Tinubu spoke on Sunday, April 28, at the Special World Economic Forum in Riyadh, Saudi Arabia, calling on bigger economies of the world to actively participate in the promotion and prosperity of the region to achieve peace, stability, and economic growth.
Tinubu called for global collaboration and inclusiveness to drive capital formation and economic opportunities in Africa, particularly in the Sahel region.
He also told the Forum how, as the Chairman of the ECOWAS Authority of Heads of State and Government, he has used Nigeria’s influence to discourage unconstitutional changes of government and ease sanctions, emphasizing the need for trade and economic prosperity in the region.
Tinubu stressed that “the fear of lack of capital in Africa” and “stigmatization” must be addressed through inclusive programs that drive economic opportunity.
He urged the global community to “look at the fundamentals of the problem” and “go to the root” of the issues facing the Sahel region and ECOWAS countries.
“The rest of the world needs to look at the fundamentals of the problem; not just ordinary geopolitically but it has to go to the root. Has the world paid attention to the poverty level of Sahel, and the rest of ECOWAS? Have they helped the infusion of capital and paid adequate attention to the exploitation and opportunities availed by the mineral resources available?” President Tinubu asked.
He emphasised the importance of economic collaboration, saying, “The capital formation that is necessary to drive the economy, like agriculture, food security, innovation, and technological advancement must be an inclusive programme of the entire world. No one should be left behind.”
President Tinubu also highlighted Nigeria’s efforts to manage economic challenges, including the removal of fuel subsidies and currency management, which he said were necessary to reset the economy and promote growth.
He justified the removal of the fuel subsidy in Nigeria, stating that it was a necessary action to prevent the country from going bankrupt and to reset the economy towards growth.
He acknowledged that the subsidy removal was difficult and had drawbacks, but argued that it was in the best interest of the country, but also revealed that the government implemented parallel arrangements to cushion the impact on the vulnerable population.
“At the time, it ought to be taken decisively, that was necessary for the country. Yes, there have been drawbacks. Yes, there was the expectation that the difficulty would be felt by a greater number of people, but, of course, I believed it was their interest that was the focus of government.
“It is easier to manage and explain the difficulties, but along the line, there was a parallel arrangement to cushion the effect of the subsidy removal on the vulnerable population of the country.
“We shared the pain across the board. We cannot but include those who are very vulnerable. Luckily, we have a very vibrant youthful population interested in discoveries by themselves and highly ready for technology, good education; and committed to growth.
“The currency management… was necessary, equally to remove the artificial element of value in our currency. Hence, our local currency finds its level, competes with the rest of the world’s currencies, and removes arbitrage, corruption and opaqueness. That, we did.
“At the same time, that is a two-engine problem and a very turbulent situation for the government. But we are able to manage that turbulence because we prepared for inclusivity in governance and rapid communication with the public, to (really) see what is necessary and what you must do”, he said.
The President also emphasized the need for stability and economic prosperity in the region, saying, “We need to trade with one another, not fight each other. It is very, very necessary and compulsory for us to engender growth, stability, and economic prosperity for our people.”
The overall goal of the Forum is to facilitate constructive dialogue, identify concrete solutions, and promote collaborative action to address the critical issues facing the global economy, such as geopolitical tensions, inflation, supply chain disruptions, and the impact of climate change
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Opeifa request for the state government to assist the Railway Police and Otti, thanks Tinubu for picking the best material to rewrite Nigeria Railway history
Gov. Otti describes Opeifa as a thorough-bred professional ready to rewrite Nigeria Railway history
Lauds President Tinubu for picking the best material to reposition Nigeria’s oldest corporation
A deserving commendation came the way of the Managing Director of the Nigerian Railway Corporation, Dr Kayode Opeifa, as the Abia State Governor, His Excellency, Dr. Alex Otti, described him as an exceptional professional, most suitable to lead the Nigeria’s oldest surviving public corporation.
Governor Otti spoke on Wednesday, at the Government House in Abia State, during a business visit by the MD/CEO of the Nigerian Railway Corporation, as part of his familiarization tour of the Eastern District of the Corporation.
According to Governor Otti: “I have had so many engagements with past leaders of the Nigerian Railway Corporation, you are clearly different and knows the job”. He thanked President Bola Ahmed Tinubu for appointing Dr. Opeifa to lead the Nigerian Railway Corporation, expressing assurance at his ability to deliver.
He thanked the MD/CEO for promising to synergize with the Federal Ministry of Transportation, and the State Government to see that the transformation of the transportation system in Umuahia is achieved. According to the Governor, “Umuahia Bus terminal is progressing rapidly and we felt that it is important to replicate what we have in Paignton, United Kingdom in Umuahia, by linking the train station with the Terminal to enhance intermodal transportation services.
The Governor stated that he was very happy to see that the MD/CEO is committed to taking the track from Aba to Enugu and even beyond. He recalled, with nostalgia how the train had served the people of the state and regretted the downward trends of rain services across the entire South East.
On the MD/CEO’s request for the state government to assist the Railway Police in the state, Governor Otti promised that his government will provide mobility for Aba Railway Police.
He added that the state government is always ready to support the Federal Government institutions as users of such federal institutions are people of the state, adding that his administration cannot differentiate between federal and state government workers.
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Airlin Advocacy Commissions Jos Office, Targets 7m Members By Next Elections,Says Mohammed Gamawa
During the inauguration ceremony, the National Chairman of Airlin, Mohammed Gamawa, delivered a keynote address, emphasizing the organization’s commitment to educating Nigerians on their civic rights and responsibilities.
According to Gamawa, Airlin aims to bridge the gap between citizens and the principles of the rule of law by fostering a society where people understand not only their rights but also what is expected of them by the country.
“Our goal is to foster interaction among Nigerians, promote respect for the rule of law, and ensure citizens know their rights and civic responsibilities — such as voting to elect future leaders not based on materialism but based on integrity and competence,” Gamawa stated.
He added that understanding and exercising one’s franchise, especially during elections, must go hand in hand with being law-abiding and fully aware of civil responsibilities.
As part of its mission, Airlin is currently targeting 19 states in Northern Nigeria, with Jos becoming the 15th state to be commissioned.
The ceremony also featured the appointment of state and local government coordinators who will help drive the organization’s grassroots advocacy efforts.
With a current membership base of 2.1 million Nigerians aged 18 and above, Airlin projects a significant growth trajectory, aiming to reach 7 million members before the next general elections.
Senior Special Adviser to the President on Information and Strategy Bayo Onanuga has dismissed a report of a United State (U.S.) court ordering two law enforcement agencies to release information on President Bola Ahmed Tinubu during a “purported federal investigation in the 1990s.”
In a tweet on his verified X handle, Onanuga told those agitated by the directive that there would be nothing revealing in the anticipated report.
In an April 9 ruling, District Court for the District of Columbia Judge, Beryl Howell ordered the Department of State, Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), Drug Enforcement Administration (DEA) and the Central Intelligence Agency (CIA) to release the information to Mr. Allan Greenspan.
The information being sought by Greenspan was classified as “confidential information” generated during a “purported federal investigation in the 1990s.”
Judge Howell said that protecting the information from public disclosure “is neither logical nor plausible.”
Commenting on the ruling, Onanuga said: “There is nothing new to be revealed. The report by Agent Moss of the FBI and the DEA report have been in the public space for more than 30 years. The reports did not indict the Nigerian leader”, Onanuga said yesterday.
He said that counsel to the President have been “examining the ruling”.
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