Connect with us

News

FG committed to economic reforms, poverty alleviation — Wale Edun

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Francesca Hangeior.

 

The Federal Government of Nigeria has expressed confidence that President Bola Tinubu’s economic reforms have laid the foundation for local investments that will drive industrialisation and lift citizens out of poverty.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this statement at the opening ceremony of the 2024 National Council on Finance and Economic Development conference, held at the Dr Sulaimanu Adamu Square, Bauchi Government House, on Monday.

Advertisement

Edun noted that Nigerians should be encouraged by the fact that the country now has a more sustainable macroeconomic environment, one that is friendly to investors.

The minister, who expressed profound appreciation to Bauchi State Governor Bala Mohammed for hosting the conference, added: “What transpires in this formal conference is very important because conversations will take place that will clarify matters and build trust and confidence among individuals.”

He continued, “It is vital to understand each other’s situations, financial and economic needs, available resources, and the skills and specialisations on the ground.”

He maintained that the conference would facilitate an understanding of what can be offered individually and collectively, enabling the country to fulfil its potential.

Advertisement

Edun further stated, “President Bola Tinubu’s administration inherited both the assets and liabilities, but there was no looking back. The focus was on charting a forward path, making plans to first stabilise the economy. Then, we sought to attract investments from both domestic and foreign private-sector investors to increase Nigeria’s productivity, grow the economy, create jobs, and, of course, lift a large number of people out of poverty.”

“When we look at where we are now, essentially, the major macroeconomic reforms are in place.”

“The President has stopped the bleeding that was costing 5 per cent of the country’s GDP every year. This was adding no value except to a few individuals and neighbouring countries benefiting from the fuel subsidy and related foreign exchange subsidy.”

“These benefits were reserved for just a few, while the mass of Nigerians saw no advantages from these structures,” he said.

Advertisement

According to him, these structures have been removed, and the federation account will benefit from the increased flow of resources to the federal, state, and local governments.

This will allow more investment not only in infrastructure but also in social services like education and health.

“The path is now clear for private-sector investors, and as we know, we are back in business on the road to industrialisation, particularly with what is happening in the petroleum refining sector. Crude oil is no longer just shipped abroad; it is being refined locally to produce petroleum products and raw materials for industry.”

“We should be encouraged that we now have a more stable, sustainable macroeconomic environment that is investor-friendly and will enable them to produce competitively for the domestic market, as well as for export,” he concluded.

Advertisement

In his remarks, Bauchi State Governor Bala Mohammed expressed his delight that, 17 years later, Bauchi State is hosting this historic event again.

He said, “It is a privilege and highlights the importance of collaboration in addressing the economic challenges and opportunities before us. Seventeen years ago, Bauchi State hosted the same conference, which was widely regarded as successful and impactful.”

“This year, I assure you that we have spared no effort to ensure that this gathering surpasses expectations. Your presence is a testament to your commitment to advancing Nigeria’s financial and economic landscape.”

He urged all participants to contribute constructively to the benefit of all Nigerians.

Advertisement

News

Condolence: Senator Osunbor Leads ADC legal team to visit Amaechi over mother’s demise

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Former Governor of Edo State and National Legal Adviser of the African Democratic Congress (ADC), Senator Oserheimen Osunbor, on Monday led the legal team of the party on a condolence visit to the party’s vice presidential candidate, Hon. Rotimi Amaechi, in Port Harcourt, Rivers State.

The delegation visited Amaechi to sympathise with him and his family following the death of his mother, who recently passed away.

Senator Osunbor conveyed the condolences of the party’s leadership and members, praying for the peaceful repose of the deceased and for God to grant the bereaved family the strength and fortitude to bear the irreparable loss.

The visit underscored the ADC’s spirit of solidarity and support for one of its foremost leaders during a period of mourning.

Advertisement

Amaechi expressed appreciation to Senator Osunbor and the delegation for taking the time to visit and stand with him and his family in their moment of grief. He thanked them for their prayers and words of encouragement.

Continue Reading

News

We didn’t go on evangelism to make Tinubu born again Christian -Onaiyekan replies Presidency

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Archbishop Emeritus of Abuja, John Cardinal Onaiyekan, has stated that the Catholic Bishops’ Conference of Nigeria (CBCN) has no intention to respond to government spokespersons.

The Cardinal was reacting to the criticism from presidential spokespersons following his submission on the country’s economy and security.

The bishops had met with President Bola Tinubu at the State House, Abuja, on July 28, 2026.

Speaking in an interview with Frontline, a current affairs programme on Eagle 102.5 FM, Ilese-Ijebu in Ogun State on Monday, Onaiyekan asserted that the Catholic Bishops have already delivered their message to the President and were only interested in whether it would influence governance.

Advertisement

He rejected suggestions that the bishops were speaking only for Catholics, saying their intervention was based on a moral responsibility to all Nigerians.

He said: “We didn’t go there just as Catholic bishops pushing the Catholic agenda. No. We went there as people who are with the spiritual mandate to speak to anybody in the name of God.”

On the Presidency’s reaction, Onaiyekan refused to engage in the controversy, saying, “I would not even answer that question. We have no response for them. We have spoken, and the only response we are waiting for is whether it is affecting the way they are governing.

“That some of the supporters of government and the state and spokesperson may have their own idea about what they think they should be saying on behalf of their principal, is their business, not mine.

Advertisement

“As for response to the things we are hearing, I don’t even have to say anything because the social media is full of response from Nigerian people and that for me is more than enough.’’

The Cardinal explained that the audience with President Tinubu was initiated by the Catholic Bishops’ Conference of Nigeria after months of waiting for approval.

According to him, the meeting was neither intended as an evangelistic mission nor an attempt to advance the interests of the Catholic Church, but rather an opportunity to present the bishops’ concerns about governance and welfare of Nigerians as part of their pastoral responsibility.

“The Bishops visited President Tinubu last week and we requested for audience. It took some months before we were granted the audience, and we prepared to see him, and the main reason we wanted to see him was not to go on an evangelical mission.

Advertisement

‘’We didn’t go there to preach to him and try to see whether we could convert him to our Catholic Church, but we went there to share our views and thoughts about the government which he heads, hoping that our ideas will be taken into consideration, So that is what took us to the statehouse,” he explained.

Expressing hope that the government would remain open to further engagement on issues affecting Nigerians, the Cardinal said: “We are hoping that our meeting with the President or our dialogue with the government of Nigeria did not end with that visit.”

He added that the bishops were still expecting the government to create another opportunity for a more detailed conversation.

“We are hoping that somehow, he will invite us, not necessarily to meet him, I mean President Tinubu, but at least to open up fairness for us to give more information, more concerns that we have, than we could give in the ten-minute talk that we gave to him,” he said.

Advertisement
Continue Reading

News

Ooni of Ife donates N100m, Hilux vehicle to support Sunday Igboho’s security outfit

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

By Kayode Sanni-Arewa

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has donated N100 million and a brand-new Hilux vehicle to support the Iru Ekun Security Network, a community security outfit established by Yoruba Nation advocate, Chief Sunday Adeyemo, popularly known as Sunday Igboho.

The donation was announced on Tuesday during a courtesy visit by Sunday Igboho and members of the Iru Ekun Security Network to the Ooni’s Palace in Ile-Ife.

According to a statement issued by the Ooni’s Senior Media Officer, Sodiq Lawal, on behalf of the Director of Media and Public Affairs, Otunba Moses Olafare, the monarch described the security outfit as a timely initiative created to complement existing security efforts in protecting the lives and property of Yoruba people.

Advertisement

The Ooni praised Sunday Igboho for what he described as his courage, resilience and commitment to the security and welfare of the Yoruba people. He said true leadership is reflected in selfless service and meaningful contributions to society.

He also said every son and daughter of Oduduwa has a responsibility to contribute to the peace, unity and development of Yorubaland, stressing that lasting development depends on a secure environment.

The monarch said the financial support and vehicle donation reflected his commitment to initiatives that promote peace, community harmony and the protection of Yoruba communities.

“I commend Chief Sunday Igboho for taking a bold step towards strengthening community security. Protecting our people is a collective responsibility that transcends political, religious and ideological differences. Every initiative genuinely designed to preserve lives and maintain peace deserves encouragement and support,” the Ooni stated.

Advertisement

The Ooni also called on prominent Yoruba sons and daughters, traditional rulers, traditionalists, community leaders, business executives, professionals and other stakeholders across the world to support the Iru Ekun Security Network.

Describing Sunday Igboho as a courageous and determined patriot, the monarch said history would remember those who stood up to protect their people during critical moments.

“Our strength lies in our unity. When we speak with one voice and work together, no force can undermine the peace and progress of Yorubaland. This is the time for all lovers of Yoruba culture and heritage to unite for a common purpose,” the Ooni added.

Responding, Sunday Igboho thanked the Ooni for the financial support and encouragement given to the Iru Ekun Security Network.

Advertisement

He described the traditional ruler as a leader whose humility, wisdom and commitment to Yoruba unity continue to inspire millions across the world.

“The Ooni is the father of all Yoruba people worldwide. He is God’s gift to our race. His love for the Yoruba nation, humility and kindness distinguish him among traditional rulers. I have come to receive his royal blessings as we continue our mission of protecting our people,” Igboho said.

He said the visit was also intended to brief the Ooni on the activities of the Iru Ekun Security Network and seek his continued guidance, prayers and endorsement for the initiative.

Igboho further revealed plans to organise a summit that would bring together traditional rulers from across Yorubaland to discuss practical solutions to the region’s security challenges.

Advertisement

He said the proposed summit, subject to the Ooni’s approval and blessing, is expected to hold at the Ooni’s Palace in Ile-Ife, regarded as the ancestral and spiritual headquarters of the Yoruba people.

Igboho reaffirmed the commitment of the Iru Ekun Security Network to operating within the law while working with relevant authorities and local communities to promote peace, intelligence gathering and community policing across Yorubaland.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News