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Just in: Cabinet reshuffle still ongoing as Tinubu may hammer more ministers
The Senator representing Borno South, Mohammed Ali Ndume, has asked President Bola Ahmed Tinubu to sack more ministers who are underperforming to fastrack the implementation of his “Renewed Hope” agenda for the country.
In a statement on Saturday in Abuja, Ndume described the rejigging of the federal cabinet, and the establishment of the ministry of regional development to oversee all regional commissions in the country as a welcome development.
The lawmaker said, “More needs to be done because some ministers are still missing in action.”
Recall that President Tinubu on Wednesday reshuffled his cabinet by sacking six ministers and naming seven others. The president also swapped the portfolios of 10 other ministers.
Ndume, former Chief Whip of the Senate also called on President Tinubu to convene a national economic summit as part of efforts to proffer home-grown solutions to the economic situation in the country.
He suggested that former minister of finance, Ngozi Okonjo-Iweala; former minister of education, Oby Ezekwesili; Mansur Muktar, Akinwumi Adesina, Aruma Oteh and Tope Fasua, should drive the economic summit.
“This national economic summit should be purely led by these eminent Nigerians, and they will come up with recommendations instead of the IMF and World Bank’s prescriptions that are harsh and hard on the ordinary citizens.
“I believe if the recommendations are good, President Tinubu will implement them, and this will help the country in no small ways,” Ndume said.
The senator hailed the move by President Tinubu to reduce the cost of governance in the face of economic difficulties and urged other arms of government to do the same.
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Reps Quiz Federal Polytechnics Damaturu, Mubi, Monguno Over Infractions
By Gloria Ikibah
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Obasanjo narrates how he escaped becoming drug addict
Former President Olusegun Obasanjo has revealed how he almost became a drug addict.
He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.
Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.
The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.
“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.
“There’s nothing drug can do for you except destruction.
“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.
He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.
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We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.
Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.
“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.
“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”
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