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Nigeria will overcome current socio-economic challenges, says Jonathan
Former President Goodluck Jonathan has expressed optimism that the country will soon overcome the current socio-economic challenges facing the people.
Jonathan stated this in Yenagoa, Bayelsa State capital, yesterday, while formally declaring open the Nigerian Bar Association (NBA) Yenagoa Law Week 2024 with the theme: ‘The Legal Profession In A Time Of Socio-Economic Uncertainty’.
The ex-President, represented by a lawyer and first-class monarch in Bayelsa, King Collins Daniel, noted that the Federal Government is doing its best to salvage the situation.
He commended the Somina Johnbull-led NBA Yenagoa for organising the 2024 NBA Law Week 2024 for successful hosting of the event, saying the theme was not only apt but well-chosen in view of the present economic hardships in the country.
He said the topic presents an opportunity for a reflection on general governance issues and the need to address them urgently for the wellbeing of the citizenry.
Jonathan said: “May I also remind us that the present economic hardships ravaging this country is not limited to the legal profession as it pervades all professions and sectors, including the high and low.
“We therefore need collaborative efforts in finding solutions to it.
“Socio-economic uncertainty is not a new phenomenon in human race. After the First World War, the world also suffered from economic hardships as a result of economic depression which occurred about 1929/30. Nigeria was not also left out.
“Between 1984 and 1987 there were also economic challenges in Nigeria under the General Ibrahim Badamasi Babagida’s administration, which led the Federal Government to introduce an economic recovery programme called the Structural Adjustment Programme, codenamed SAP. The country experienced scarcity of essential commodities, and the citizens suffered severe hardship. God was with us and the country bounced back.
“Between 2016 and 2019 the whole world went through another economic recession.
Nigeria also had her own share of the hardship, but we were fortunate we were able to get out of the recession in a few years.”
Also speaking, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said whatever economic challenge Nigerians have in the country, it is not peculiar to Nigeria.
Lokpobiri said: “Whatever you see here is what happens everywhere in the world. As a government, President Bola Tinubu is doing whatever that is necessary to see how the country can support the most vulnerable people in the society. For any society to be good, there will be times like this for a very bold decision for the interest and prosperity of this country.
“If the president had not taken that decision the day he was sworn in, Nigeria would have been like Venezuela. The government means well and we are doing whatever that is necessary.
“The lawyers, like I said, have so many opportunities. Whatever happens here is not different from what happens in New York. For any lawyer to be successful, they must first be hard working, secondly, they must be honest. I want to assure the lawyers that there are so many opportunities that they haven’t explored and I gave a few of them. No lawyer that is hardworking will lack. We want them to hold on and keep the flag flying.”
On her own part, the Chief Judge of Bayelsa State, Justice Matilda Ayemieye, said the legal practitioners play a vital role in adapting to changes whether by drafting new legislation, challenging unjust law or interpreting the legal proceedings in court.
…commend his leadership qualities, contribution to national development
By Gloria Ikibah
The Chairman House of Representatives’ Committee onthe Federal Capital Territory (FCT), Rep. Muktar Betara has congratulated Governor of Niger State, Mohammed Bago on his 51st birthday.
Rep. Betara who represents Biu/Bayo/Shani/Kwaya Kusar Federal Constituency of Borno State, in a congratulatory message admitted Governor Bago’s relentless advocacy for Nigerites as well as the meaningful contributions to legislative processes that shaped national development while serving as Member of the House of Representatives.
Thrilled by the leadership qualities of Governor Bago, he applauded various unprecedented developmental projects initiated since his assumption of office in 2023.
He said: “Your Excellency, on this special occasion of your 51st birthday, I extend my heartfelt congratulations and best wishes to you.
“This milestone is a testament to a life dedicated to public service, leadership, and unwavering commitment to the progress of Niger State and Nigeria at large.
“As the Governor of Niger State, your visionary leadership has continued to inspire hope and transformation across various sectors.
“Your dedication to infrastructural development, education, healthcare, and especially, agriculture, and security has significantly improved the lives of the people, reinforcing your reputation as a leader who prioritises the welfare of his people.
“Your efforts in fostering economic growth and good governance have set a solid foundation for sustainable development in the state.
“Before assuming office as Governor, your impactful tenure as a Member of the House of Representatives was marked by your relentless advocacy for your constituents and meaningful contributions to legislative processes that shaped national development.
“As you celebrate this new chapter of your life, may you continue to be blessed with wisdom, strength, and good health to steer Niger State toward greater heights. Happy birthday !”
…as currency swap boosting bilateral trade
By Gloria Ikibah
The Nigerian government is deepening economic collaboration with China to drive industrialisation and economic diversification.
Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made this known when she received the Chinese Ambassador to Nigeria, Yu Dunhai, in Abuja.
The Minister emphasised that Nigeria’s longstanding ties with China, spanning over five decades, align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises economic expansion and resilience.
Outlining key areas where Nigeria seeks Chinese support, including electric vehicle production, digital technology, renewable energy, and agriculture, Amb. Odumegwu-Ojukwu acknowledged China’s significant role in Nigeria’s road and rail infrastructure development and noted that the country is taking concrete steps to modernize its ports and power sector to attract more investment.
She also highlighted the importance of cultural ties, and noted the growing interest among Nigerian youths in learning the Chinese language.
The minister reaffirmed Nigeria’s commitment to strengthening its economic partnership with China, highlighting that the ongoing currency swap agreement is already enhancing trade relations between both nations.
“It’s quite interesting that a large population of Nigeria youth is inching towards Chinese Language. A lot of Nigerian Universities are desirous to offer Chinese Language. Chinese had become the language of trade in the world.
“Nigeria-China will continue to relate not just bilaterally but multilaterally.
“We expect that we will continue to get the support of China but we will always reciprocate that multilaterally.
“In line with President Tinubu’s plan to industrialise Nigeria, we expect Chinese cooperation in establishing assembly plants of electric vehicles; digital communication, renewable energy, all aspects of digital technology, agriculture because of food insecurity as the government is interested in seeing that food gets to the poorest of the poor. Government is not just talking about food but has established a separate Ministry of Livestock,” the minister stated.
She urged China to extend trade tariff exemptions to its exports, similar to the concessions already granted to 33 other African nations, emphasising that the Renewed Hope Agenda prioritizes stronger ties between citizens and deeper country-to-country partnerships.
In response, Chinese Ambassador Yu Dunhai reaffirmed China’s commitment to strengthening its relationship with Nigeria, describing the country as a key strategic partner. He noted that President Bola Ahmed Tinubu’s visit to China and participation in the Forum on China-Africa Cooperation (FOCAC) had elevated diplomatic and economic engagements between both nations.
Amb. Yu highlighted ongoing collaborations in infrastructure, including roads, railway modernization, power, industrial parks, and the Lekki Deep Sea Port. He disclosed that trade volume between the two nations exceeded $21 billion last year, with Nigeria’s exports to China accounting for over 25% of this figure.
He further underscored the role of manufacturing in industrialization, pointing to the recently renewed $2 billion currency swap agreement as a tool to enhance financial cooperation, boost bilateral trade, and attract more investment.
Expressing optimism about the future, the envoy stated that these efforts would ultimately yield tangible benefits for ordinary citizens in both countries.
He said: “We have a comprehensive strategic partnership with Nigeria. China would want Nigeria to play a big role in the international scene. We want Nigeria to become a member of G-20. These will all provide opportunity for China and Nigeria to further work together closely.
“For China, we have been very consistent. We give grant to any African countries; we don’t give any conditions.”
He further acknowledged that it was important that the two countries met to review how far they have performed in their bilateral cooperation.
Speaker Abbas Hails Governor Bago @51
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