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FG committed to economic reforms, poverty alleviation — Wale Edun
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.
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.
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.
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.
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.
By Kayode Sanni-Arewa
Super Eagles captain William Troost-Ekong has vehemently dismissed any talk of retirement amid rumours that the Al-Kholood defender may quit the national team after the 2025 Africa Cup of Nations in Morocco.
Despite being just 31 years old, Troost-Ekong is the oldest player in the team, with Moses Simon (29) the second oldest, while Alex Iwobi, who is 28, is the third oldest player in the current squad.
Speaking at a press briefing on Sunday ahead of Monday’s (today) Africa Cup of Nations qualifier against Rwanda at the Godswill Akpabio Stadium in Uyo, Troost-Ekong, who was named the Most Valuable Player at the last AFCON in Ivory Coast, affirmed his commitment to the national team.
“It is a question I get asked a lot by Nigerians, but I think it is a bit too early,” he said.
He continued, “I am 31 now, and I think I am playing my best football in recent years. We are only talking about 12 months from now, so after that, we will see,” Troost-Ekong explained.
“It will not be my decision; it will be up to the coaches. Once I feel I am no longer an asset to the team, I will have that discussion.
“But I still have some targets in sight—that will be the AFCON in 2025 and the World Cup in 2026. We’ll see what happens afterwards.”
Troost-Ekong could add to his 75 international caps when the Eagles host the Amavubi today in their final game of the qualifiers.
News
Use Ondo Guber poll as template in Nig’s future elections – Coalition of 51 INEC recognized observer groups tell FG+Photos
By Kayode Sanni-Arewa
A coalition of 51 recognized INEC groups under the Centre for Credible Leadership and Citizens Awareness, CCLCA have recommended that the Federal Government should adopt the Ondo Guber poll as a template for future elections in Nigeria.
The convener of the coalition, Dr Gabriel Nwambu made this disclosure in a post election press conference be stating that:
“Considering the manner the apex electoral body, INEC conducted the election in Ondo state last Saturday, we recommend this template for future elections in Nigeria.
Read full details of report below:
“We stand before you today as a coalition of 51 accredited observer organizations under the aegis of the Centre for Credible Leadership and Citizens Awareness. Our mission has been to observe the Ondo State Governorship Election held on November 16th, 2024, and to provide an unbiased report of our findings.
OVERVIEW OF OBSERVATIONS:
We observed the distribution of both sensitive and non-sensitive election materials from the Central Bank of Nigeria in Akure to the Registration Area Centres (RAC) across the 18 Local Government Areas of the state under tight security in line with extant laws and the rules of engagement by the police. Ondo state has a total of 2,053,061 registered voters, but 1,757,205 people collected their Permanent Voters Card across the 18LGAs, 203 wards, and 3,933 polling units. INEC deployed 4 ad hoc staff pee polling unit, that is, one Presiding Officer and 3 Assistant Presiding Officers.
Out of the 19 registered political parties, 18 political parties fielded candidates for the election Although, 3 candidates stepped down before the election.
We also observed that the election materials were ultimately moved to the 3,933 polling units by INEC ad hoc staff, predominantly National Youth Service Corps members while the law enforcement agencies provided adequate security.
Voting commenced between 8.30AM and 10:00 AM in most observed polling units.
ELECTION INTEGRITY AND CHALLENGES:
Our field observers noted a few cases of voter inducement otherwise called vote- buying.An incident of concern involved military personnel denying access to accredited observers, despite proper identification.
Ladies and gentlemen, as a coalition of INEC Accredited Observer organizations, we are relieved to report that the election concluded without violence. This is a notable and progressive achievement as Ondo people have demonstrated maturity and the will to deepen our democratic values.The collation of results was conducted meticulously, adhering to the provisions of the Electoral Act, 2022 and the 1999 Constitution of the Federal Republic of Nigeria as amended.
RECOMMENDATIONS:
1. We as a coalition of INEC Accredited observer organizations having observed the performance of the BVAS in the process of authentication and accreditation of electorates, the logistics in terms of distribution of materials, the uploading of the FORM EC8A in the IRev viewing portal, the collation and announcement of election result hereby strongly recommend the Ondo state governorship election of 16th November, 2024 as a template for evey other election in Nigeria as we look forward to the Anambra state governorship election in November, 2025.
CONCLUSION
In conclusion,we assert that the Ondo State Governorship Election of 16th November, 2024, was conducted in line with the Electoral Act, 2022, and the 1999 Constitution as amended.
We as 51 INEC Accredited observer organizations hereby unequivocally declare that this election was transparent, free, fair, and credible. Importantly, we report no loss of life on election day, which reflects positively on the overall conduct of the election.
We would like to encourage those who lost in this election to be bold and exhibit the spirit of sportsmanship by congratulating the APC candidate who won landslide.
We commend the Inspector General of the Nigerian Police for the professionalism exhibited by officers and men in the discharge of their duties, the NSCDC, the DSS, and other paramilitary organizations in Nigeria as well as INEC for overseeing a credible election. Lastly, we applaud the people of Ondo State for their peaceful disposition, demonstrating their unwavering love for peace.
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Use Ondo Guber poll as template in Nig’s future elections – Coalition of 51 INEC recognized observer groups tell FG+Photos
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