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Shift to Parliamentary system Bill: It will stimulate Nigerians in all walks of life-Pa Bisi Akande + Photos



… it’s a Nigerian Bill-Caucus leader, Chinda

Foremost politician and ex-Governor of Osun State and chieftain of the ruling party, APC, Chief Bisi Akande has said the proposed shift to Parliamentary system of government by 60 members of the House of Representatives will stimulate Nigerians from all walks of life.

He disclosed this when the group led by the Minority Caucus Leader, Rep Kingsley Ogundu Chinda visited him in Abuja to table the proposal, Akande said:

“You are welcome, my leaders, the Nigerian leaders, Nigerian lawmakers and parliamentarians. I’m happy to welcome you.

“The most stimulating aspect of democracy is discussion. And what you have started now is to test the waters from the ideas of the Nigerian people.

“And now that you put it on the table, I know it will stimulate Nigerians of all walks of life to discuss, to review, to assess, and then advice. And at the end of it, I don’t see how your system will not be productive.

“I wish you the best in your endeavor, and I wish Nigerians the enjoyment of your good ideas. And in the end, I know you will come up with something that will do all of us good.

Earlier leader of the House of Representatives Minority caucus, Chinda chronicled what the Bill stands for noting that: “Our father, our leader, a de-tribalized Nigerian, a quintessential leader of the highest esteem, before you are your children, members of the House of Representatives, cutting across political party, tribe and religion. We have been elected to make laws for the good governance of our country,

“Sir, we sat down, looked at our country, where we’re coming from, where we are today, and we felt that country should develop based on her knowledge, environment, and circumstance.

“We have been besieged by several issues as a nation and we must state that we believe in this country, Nigeria, we believe in the indivisibility of our country, but we also believe that we must be dynamic, we must not shy away from change and so we felt that we need to introduce something new on the table.

“And having considered the pros and cons, advantages and disadvantages, we think it is necessary for us to start the process to rejig our system, to start the process to move from the present American typed presidential system to a Nigerian typed parliamentary system.

“Sir, we are not talking about a water type parliamentary system, not the textbook parliamentary system but we’re talking about one that will suit our country better for purposes of accountability, reduction of costs of governance, removal of that toga or aura that is built around public officers and our leaders who ordinarily are servants of the people.

“For us to understand government better and make decisions faster and easier for all of us in the interest of our nation, and so we have proposed three bills, sir.

“The bills have gone through the first reading to take us from the local government to the state up to the national, back to a parliamentary system of government and this process will be gradual.

“We do not expect that the change will come almost immediately. We must begin to test run the system and continue to make consequential amendments to all other laws so that we’ll all be in sync.

“We have come today to you, sir, considering your position in our country today, your wealth of experience, we know that we cannot succeed without tapping from the knowledge of those that have seen it all, and you are one of such persons in our country today.

“That is why we have come to you, to seek for your advice, to seek for your direction, to also tap from your inexhaustible wealth of knowledge in this sector, in public governance, both parliamentary and presidential system, and in fact the Nigerian system, which we know that you are very deep in understanding her workings.

“That’s why we have come, sir, to seek your support for this project, to also get advice from you, which will help us in moving this forward.

“But finally, I will say, sir, that at the end of the day, it is not our bill, it’s a Nigerian bill, so whatever Nigerians say will be the final result of this.

“But as legislators, we are dropping it on the table for Nigerians to deliberate and take a decision on it.

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Naira Continues To Depreciate Against Dollar Despite Intervention Of CBN



The Naira has continued to depreciat9 against the United States dollar for the fifth time despite the Central Bank of Nigeria’s sale of foreign currencies to legitimate Bureau De Change operators.
FMDQ data revealed that the naira dropped to N1,300.15 per dollar on Tuesday from N1,234.49 traded on Monday.
The figure represents N65.66 (5 per cent) loss compared to the N1,234.49 it exchanged for on Monday.
On Tuesday, the apex bank sold 10,000 dollars each to BDC at N1,021 per dollar.
This is the third recent intervention for BDCs amid the bank’s effort to defend the naira.
On Tuesday, the Economic and Financial Crime Commission, EFCC, said it had frozen about 300 accounts on a cryptocurrency platform to ensure the safety of the foreign exchange market recalled that the anti-graft agency earlier had continued its clampdown on Binance and other cryptocurrency platforms blamed for manipulating the country’s foreign exchange market.
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Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister



Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister
…say poor funding, insufficient gas supply responsible for power deficit
By Gloria Ikibah
Nigeria’s Minister of Power, Adebayo Adelabu, had said that the federal government is working towards the establishment of three gigawatts of solar energy sources across the 25 states in Northern and South Western parts of the country.
According to him, this is a novel approach that will go a long way to solve the power problems, even as he called on state governments to invest in power generation in their states.
The minister stated this at a two-day Power Sector Stakeholders Interactive Dialogue/Workshop organized by the House of Representatives Committee on Power with the theme “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-tier Electricity Market: A Legislative Intervention” on Tuesday in Abuja.
Adelabu who said that hydro energy would be deployed for the coastal cities, also lamented that the country has witnessed incessant collapse of transmission which is caused by lack of adequate infrastructure.
He admitted that most of the infrastructure in the power dates back to the 1960s, with no single backup for the national grid, and called for alternative sources in the situation where there is a collapse of the grid.
The Minister also disclosed that the major factors responsible for the power deficit currently faced by the country is as a result of inadequate financing and insufficient gas supply.
Adelabu who lamented the current state of power supply across the country, however, assured Nigerians of the determination of the President Bola Tinubu-led administration to address the challenges and make Nigeria a suitable place for business.
He said “No sector can function optimally without the power sector. Over the years, poor financing, and inadequate gas supply have been responsible for the energy deficit we have in the country. But a lot of work is going on to address these challenges.”
Earlier in his welcome address, the
Chairman, House Committee on Power, Rep. Victor Nwokolo explained that the purpose of the interactive dialogue/workshop was to provide a dynamic platform for stakeholders to evaluate the progress so far in the Nigerian Electricity Supply Industry (NESI) development.
He revealed that discussions will centre around the seamless transition to a Multi-Tier Electricity Market, as outlined in the Electricity Act of 2023.
According to him, “his transition, holds immense potential to enhance competition, efficiency, and reliability within the electricity market, ultimately benefitting consumers and driving economic growth”.
He said: “Through collaborative brainstorming and analysis, we aim to chart a clear roadmap for this transition, ensuring that it is smooth, inclusive, and conducive to sustainable development.
“Furthermore, this workshop will serve as a platform for stakeholders to explore innovative solutions to the persistent challenges plaguing the power sector. From infrastructure development and financing to regulatory frameworks and consumer engagement, we will examine a wide array of issues and propose actionable strategies for improvement.
“In addition to these objectives, we aspire for this workshop to foster enhanced collaboration and partnership among stakeholders. By bringing together legislators, representatives from government agencies, regulatory bodies, industry players, academia, and civil society, we aim to cultivate a culture of cooperation and collective action towards our shared goal of a vibrant and resilient power sector”.
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How Yahaya Bello withdrew $720,000 from Kogi account to pay child’s school fees -EFCC Chairman



By Francesca Hangeior

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.

The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.

“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’

“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’

Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.

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