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Nigerians will continue to feel impact of our projects long after my exit – Buhari

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BUHARI, PROJECTS, IMPACT

 

President Muhammadu Buhari has explained that his administration’s projects are designed to yield long-term benefits.

The president also restated his commitment to such projects, saying their “full impacts” would be felt long after his exit from office.

He stated this during the inauguration of the Nigeria Sovereign Investment Authority (NSIA) Board in Abuja on Wednesday.

The new board, which will operate in a non-executive capacity, has Farouk Mohammed Gumel from Northwest as chairman.

The others are Babatunde Sobamowo (Southwest), Isiekwena Ikemefuna Louis (Southsouth), Ali Goni Kadugum (Northeast), Oniyangi Kabir Sulaiman (Northcentral) and Ike Chioke (Southeast).

Buhari, according to a statement by his Special Adviser on Media and Publicity, Femi Adesina, challenged the board to embark on investments that support economic diversification, as global oil prices are projected to drop to around $40 per barrel by 2030.

Reappraising the roles of the NSIA as a strategic government partner, the President told the board that the “long term projects and programmes” of his administration are primarily designed to create jobs for Nigerians.

He said: ‘‘This administration took the very difficult decision to invest for the long term. We avoided taking shortcuts knowing very well that the full impact of most of the projects we started will only be felt long after we have left office.

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“This government operates on the agenda for long term change which we all agree is inevitable. Change happens whether you are ready for it or not.

‘‘As representatives(board members) of the Authority, you are required to continue to drive the performance of the NSIA to deliver benefits to all Nigerians.

‘‘You must bear in mind that the National Economic Council (NEC), your governing council and Nigerians as a whole, will hold you accountable for this mandate.

‘‘Periodically, you will be required to provide evidence of your stewardship at the governing council meetings where your performance will be assessed.

‘‘The bar before you is very high and all of us are counting on you to deliver.”

The President recalled that NSIA, one of Nigeria’s premier economic institutions, was conceived to be a store of wealth that may be drawn upon at times of economic challenges.

He expressed delight that so far the institution has discharged its mandate dutifully.

The President added: ‘‘This is why we prioritised the appointment of a new board to ensure that the NSIA does not lose steam and can continue to benefit from the oversight it needs to deliver on its mandate.

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‘‘The new board we assembled has a crop of seasoned, eminently qualified, and experienced professionals.

‘‘We expect these individuals to bring their wealth of experience to bear, in the next phase of NSIA’s journey.”

Buhari used the occasion to thank the last Board of Directors whose tenure ended in May 2021.

Acknowledging their commitment, dedication and contributions to the implementation of the objectives of the NSIA, the President said ‘‘This distinguished group of patriotic Nigerians heeded the call to serve and deployed the best of their abilities to oversee the affairs of the Authority on behalf of the nation over the last four years.”

Notably, Buhari said the immediate past board ‘‘guided the organisation through a critical stage of its existence and have left it standing as a credible world-class institution that turns out consistently good results.’’

He added: “In the past four years, both the public and private sectors in Nigeria have partnered on strategic projects with the NSIA.

‘‘On the public sector partnership, we are working with the NSIA on strategic infrastructure projects such as the Second Niger Bridge, the Lagos-Ibadan Expressway and the Abuja-Kano Road, to mention a few.”

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‘‘On the private sector collaborations, we have projects such as the Presidential Fertiliser Initiative, the Presidential Artisanal Gold Mining Initiative and the NSIA Healthcare Development and Investment Company amongst others.

‘‘Although these projects and programmes have immediately created jobs from a development standpoint, the wider impact on society will only be felt in years to come.’’

Minister of Finance, Budget and National Planning Zainab Ahmed said from the base position of $1billion when the Buhari administration assumed office in 2015, NSIA now has around $3.5billion in assets under management.

She explained that the new board will oversee the NSIA management’s activities towards delivering outcomes to transform the fortunes of the country.

Ahmed said: ‘‘Using the NSIA Act as its guide, the Board will be required to superintend initiatives that meet the current and future needs of Nigerians.

‘‘On our part as government, we will continue to support the authority with the necessary policies and framework to ensure that the mission of the institution is delivered in a transparent, sustainable and inclusive manner.”

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I’ll not govern Rivers on my knees, says Fubara

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Siminalayi Fubara, governor of Rivers, says he will not govern the state from a position of subservience or weakness.

Fubara made the remarks on Saturday, during a condolence visit to the Ubima, Ikwerre LGA country home of Celestine Omehia, a former governor of the state.

 

Omehia was laying Cecilia Omehia, his mother, to rest.

 

“I have come here with very few respected elders of the state, to come and support you and say to you that we sorrow with you,” Fubara said.

 

“The most important thing is to show our concern and love. Any human being who shows enmity to death, that person is not even normal.

“We also rejoice with you for a life lived well to fulfilment by Mama. We wish Mama a safe journey. Let her stay well where she has gone.”

 

He said politics of bitterness will impede the development of the state and that “it is only in unity that we can move our state forward”.

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“Anybody who claims to love this state should not be party to anything, directly or indirectly that will bring us backwards. We will continue to support every course that will advance the interests of our dear Rivers state,” he added.

“And I am happy to say, and I’ve said it over and again, it doesn’t matter the number of people that are standing with me, I will stand on that side of truth.

“I will not, I repeat, I will not govern our dear state on my knees. If that was the purpose, I will not do that.”

 

Fubara has been locked in a battle for the control of the political structure of Rivers with Nyesom Wike, his predecessor and minister of the federal capital territory (FCT).

 

The governor recently redeployed some members of his cabinet who are loyal to Wike.

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Good Morning! Here Are Some Major News Headlines In The Newspapers This Beautiful Sunday: Benin Traditional Council suspends five chiefs for visiting Ooni

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1. Five officials in the Benin Kingdom have been suspended for allegedly engaging in sacrilegious conduct against Benin custom. The Benin Traditional Council, BTC, said their suspension was because they visited the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, where they “falsely” claimed to be emissaries of the Oba of Benin and rendered inaccurate account of the connection between the Benin Royal Dynasty and the Ooni-ship of Ife.

 

2. The executive chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede has appointed Michael Nzekwe as his chief of staff. He also appointed zonal directors for each of the 14 zonal commands of the commission.

 

3. One person died on Saturday when a gas tanker explosion occurred after an accident at Ita Oshin area of Abeokuta North Local Government Area of Ogun State. Chief Route Commander and Education Officer for Federal Road Safety Corps, FRSC, Florence Okpe, who confirmed the incident, on behalf of the sector commander, Anthony Uga, said the accident occurred at about 4:16 pm.

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4. The Naira yesterday recovered against the US dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by Nairametrics from currency traders. This implied that the Naira appreciated by N120, representing a gain of 8.57 per cent when compared to the N1,400 to a dollar at which it traded on Friday.

 

5. Governor Siminalayi Fubara of Rivers State has said there is a fierce fight to destroy the state. He said this at the country home of Sir Celestine Omehia in Ubima community, Ikwerre Local Government Area of Rivers, on Saturday.

 

6. A resident of Osogbo, simply identified as Seun and the motorcyclist conveying her have been crushed to death in a road accident that occurred in Osogbo, Osun State. Seun was said to be a fashion designer and was also working with a real estate firm. It was gathered that the accident occurred Friday evening around OgoOluwa Area of Osogbo.

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7. The All Progressives Congress has demanded the cancellation of the just conducted local government election in Oyo State. The party claimed that the election was a “sham”, warning that if allowed to proceed, it may damage the state’s reputation.

8. The retired Commissioner of Police in Anambra State, Aderemi Adeoye has recounted how he fought the dreaded Niger Delta militants, the Book Haram terrorists in the North East and the Indigenous People of Biafra, IPOB, insurgents in the South East and survived all of them without a scar. Speaking during his pullout ceremony at the Alex Ekwueme Square in Awka, Adeoye said it was the grace of God that saved him during the dangerous moments.

 

9. Tragedy struck in Rivers State on Friday night when fire from a fuel-laden tanker consumed four persons and about 100 vehicles at the Eleme section of the East-West Road in Rivers State. It was learnt that the tanker collided with another vehicle, exploded and burst into flames that spread to other tankers and many other vehicles trapped in the gridlock.

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10. The Anambra State Police Command has arrested 16 notorious cultists and declared 21 others wanted. In a statement by the command’s spokesman, SP Tochukwu Ikenga, in Awka on Saturday, the feat was achieved following intensified efforts to end the resurgence of cult-related killings in Awka, the state capital.

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Shake-up in EFCC as Olukoyede appoints chief of staff, 14 directors

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Ola Olukoyede, chair of the Economic and Financial Crimes Commission (EFCC), has appointed Michael Nzekwe as his chief of staff.

 

As part of a restructuring drive, Olukoyede upgraded all the zonal commands of the EFCC to departments and appointed 14 new directors.

 

A statement by Dele Oyewale, EFCC spokesperson, said the security unit of the agency has been upgraded to a department with a chief security officer at the helm.

 

“To this effect, 14 new directors have been appointed to head each of the zonal commands,” Oyewale said.

 

Additionally, to bolster and fortify the security architecture of the commission, the security unit of the EFCC has been upgraded to a department with a seasoned officer appointed as director, security and chief security officer.

 

“A new department has also been created in the executive chairman’s office and it is headed by former Makurdi zonal commander of the EFCC, Mr. Friday Ebelo who also doubles as director and coordinator, special duties at the corporate headquarters of the commission.”

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Nzekwe was the commander of the Ilorin zonal command and a course one officer.

 

Nzekwe, a lawyer and an investigator, has served in various departments in the anti-graft agency — including legal and prosecution, operations (now department of investigations), internal affairs (now department of ethics and integrity), Servicom, and asset forfeiture.

The new chief of staff has attended trainings and courses at home and abroad, including the Advance Defence Intelligence Officers Course organised by Defence Intel Agency (DIA).

 

 

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