President Bola Tinubu has directed relevant Ministries, Departments, and Agencies (MDA) of the Federal Government to ensure that the outcomes of research in science and technology are used to enrich policies that impact the real sector.

The President issued the directive when the President of the Nigerian Academy of Science and the fellows of the Academy paid a courtesy visit to the President at the State House in Abuja on Thursday.

President Tinubu emphasized that his administration is advancing an all-encompassing approach to leveraging the capacity of Nigerians to innovate and create solutions from all spheres of human initiative across the public and private sectors, including farming, manufacturing, information technology, and the academia.

"The pathway to unlocking the potential of our national contribution to the global economy of tomorrow lies in what we do today. I am fully committed to the comprehensive integration of research, and the outcomes of research with the process of policy formulation and implementation in all fields of national endeavour," President Tinubu told leaders of the Nigerian Academy of Science (NAS).

During his investiture as the Grand Patron of Science by the Academy, the President said the pace of change around the world, reflected in some national and global challenges, requires more reliance on research for solutions and actionable data, especially in health and education.

"The Minister of Education, the Coordinating Minister of Health and Social Welfare, and the Minister of Budget and Economic Planning are here. All the relevant ministries should sit up and ensure that science research guides process development in relevant areas of advantage. We must not fail to utilize research outcomes in the process of enriching our policies," the President said.

In her remarks, the President of the Nigerian Academy of Science, Professor Ekanem Braide, said a national research fund should be established as the country moves towards a knowledge-driven economy. 

"Mr. President, we thank you for your support for a national research fund and we believe that this will go a long way in resolving our challenges and indeed, we can make quicker progress if we take advantage of the inputs of all Nigerians from the business community, the academia, and the public sector," Professor Braide said.

Listing some of the interventions and achievements of the Academy in improving the lives of Nigerians, Professor Braide further advised that the nation's 265 universities, 84 polytechnics, and 205 colleges of education be upscaled in science research infrastructure and funding.

The President acknowledged the historic feat of Professor Ekanem Braide in emerging as the first female President of the Nigerian Academy of Science since its establishment in 1977.

 

Chief Ajuri Ngelale 

Special Adviser to the President 

(Media & Publicity)

March 7, 2024

The House of Representatives has commenced investigation into the N200 billion meant for the suspended 2023 Population and Housing Census.

On Thursday, the House mandated its committee on population to invite the director-general of the National Population Commission, NPC, to give an account of how the N200 billion was expended.

This followed the adoption of a motion titled, “Need to Investigate N200 Billion Spent on the Suspended 2023 Population and Housing Census”, moved by Hon Clement Akanni during the House plenary in Abuja.


Adopting the motion, the House noted that census is a process of systematically collecting, compiling, and analysing demographic, social and economic data of a population within a specific region.

The lawmakers also noted that governments conduct censuses to gather accurate and comprehensive information such as age, sex, marital status, education, occupation, housing, and other relevant demographic and socioeconomic characteristics of a country.

The House said it was aware that the last census that was conducted in 2006 by the National Population Commission gave a population figure of 140 million.

It said it was also aware that the immediate-past administration of former President, Muhammadu Buhari planned to conduct another census in 2022, but the programme was later postponed to 2023.

The House recalled that earlier in March 2023 the former Minister of State for Budget and National Planning, Clem Agba, said a total of N869 Billion would be required for the exercise, including Post-Census-Activities.

It also recalled that the National Population Commission, NPC, said it has spent about 200 Billion to prepare for the 2023 population and housing census.

The House was disturbed that the exercise was, however, suspended indefinitely by former President Muhammadu Buhari a few days before leaving office.

The House referred the matter to the committee on population to report back for further deliberation.

Tinubu

 

A chieftain of the ruling All Progressives Congress (APC), Dr Salihu Lukman has said that President Bola Tinubu was failing in the task of governing the country.

Lukman, who resigned his position recently as the National Vice Chairman (Northwest) of the APC, said the President has been toeing the same line of failure as the Peoples Democratic Party (PDP) that led to the “wasted years”.

Lukman noted that virtually every Nigerian leader, with probably, negligible exceptions, are self-centred.

According to him, they have limited engagements with President Tinubu to only what they can get from him in terms of appointments into his government.

The former Director General of the Progressives Governors’ Forum, (PGF) conveyed his message in an open letter on Wednesday.

Lukman, in his letter, entitled, ‘Burden of Leadership,’ said, “Already, with the way former President Buhari had managed the country for eight years, in the same political orientation PDP ran the country for sixteen years, President Tinubu is justifiably, continuing that path.

“Our leaders who led the merger negotiation to produce APC in 2013, owe it to Nigerians, to call President Tinubu to order and get him to recover whatever is left of his democratic and progressive credentials.

 

“APC leaders and President Tinubu must resist the temptation of toeing the path of self-destruction by continuing to operate as a closed government.

“Achieving that will require readiness on the part of all APC leaders to make all the sacrifices to regain their respect back, based on which they emerged as leaders and not bosses.

“Although, being a self-acclaimed Awoist and progressive, not coming from a military background like former President Buhari, the expectation of many is that he will at least, be more democratic.

“This should connote more consultations, based on which perhaps, the structures of the APC as a political party would be made more functional.”

He however observed that Tinubu passed the first test with the zoning of the leadership positions of the 10th National Assembly and by extension, the present government.

“Confronted with a hostile party leadership under Senator Abdullahi Adamu who was decidedly anti-zoning, to be fair to President Asiwaju Tinubu, he was able to handle the situation to the best of his ability, based on which he produced a balanced leadership for the 10th National Assembly.

“Unfortunately, most of our APC leaders from the North, for whatever reasons, were speculated to have worked at variance with the initiatives of President Tinubu to produce a balanced leadership.

“That could have been partly, responsible for the complete lack of attempt to forge a united front with President Tinubu and party leaders from the North, to ensure that the successor to Senator Adamu as APC National Chairman is produced through consultations.”

Dr Lukman berated political office holders in the Tinubu administration, accusing them of accumulating financial resources for the 2027 general election.

He said, “Our leaders occupying political offices are busy accumulating financial resources, legitimately or otherwise for future elections.

“We must caution our leaders, as things are, they are on the verge of self-destruction. It is very clear that President Tinubu’s respect for political leaders in the country is weak, largely because of the failure to act as leaders.

“Virtually, all APC leaders are behaving more like bosses. Accordingly, this is now a source of threat with the potential danger of leaders completely losing relevance and unable to command the respect of citizens.”

Lukman said the least will be for APC and President Tinubu to lose elections in 2027, pointing to threats of rebellion against the leadership in the country.

“Given all these, any conclusion about APC shortchanging Nigerians can hardly be dismissed.

“Making APC a functional party is about ensuring that all organs of the party are allowed to operate as provided in the party’s constitution. Anything short of that will only contribute to destroying democracy in Nigeria,” he added.

The Central Bank of Nigeria (CBN) has further moved to curb inflation and stabilise the exchange rate, thereby fostering a more balanced economic environment, through the completion of another round of Treasury Bills (T-Bills) auction, offloading about N1.3 trillion at a striking 21.490 per cent.

The auction, which took place on March 6, 2024, saw the bills being offered across three different tenors.

According to the Summary of Auction Result, the highest interest, or stop rate, was recorded for the 364-day tenor at a striking 21.490 per cent.

This maturity date is slated for March 6, 2025, and it had an offer of over N312 billion, with subscriptions skyrocketing to nearly N1.54 trillion.

The CBN has successfully allotted the same amount as the initial offer, showing a robust appetite from investors, which has continued to soar in recent times.

In comparison, the shorter tenor T-Bills drew a more modest interest rate, with the 91-day bills closing at a stop rate of 17.240% and the 182-day bills at 18.000%.

The 91-day bills, maturing on June 6, 2024, saw an offer of N14.4 billion and received an oversubscribed interest of over N66 billion.

All the offered amount was allotted to bidders. Similarly, the 182-day bills had an offer of N10.5 billion and were subscribed to over N51 billion. The maturity date for these bills is set for September 5, 2024.

The range of bids for the different tenors varied, with the 91-day bills having a bid range of 15.9000% – 22.0000%, the 182-day bills slightly narrower at 14.0000% – 22.0000%, and the 364-day bills having bids placed between 17.0000% and 27.0000%.

These results highlight the CBN’s continuous efforts to regulate liquidity and control inflation by issuing treasury bills. The high stop rate of 21.490% on the 364-day tenor indicates an aggressive stance by the CBN in curbing excess liquidity, which could be seen as a move to attract more investors to government securities.

The decision to significantly raise the volume of treasury bills auctioned, especially for the 364-day tenure, underscores the CBN’s commitment to addressing the liquidity surplus in the economy.

 

A forensic analyst has told a federal capital territory (FCT) high court in Maitama that the documents used to request the payment of $6.2 million for foreign election observers were forged.


Bamaiyi Meriga, the forensic analyst, said this on Thursday while giving evidence as a witness in the trial of Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN).

Emefiele is standing trial on a 20-count amended criminal charge preferred against him by the Economic and Financial Crimes Commission (EFCC).


The amended charges border on alleged breach of trust, forgery, conspiracy to commit forgery, procurement fraud and conspiracy to commit a felony

The supply of US dollars at the foreign exchange market plunged by 42 per cent to 168.98 on Wednesday, days after Binance announced the existence of the Nigerian exchange market.

FMDQ data showed that the turnover of USD plunged on Wednesday to $168.98 at the close of work from $291.74 on Tuesday.

The figure represents a $122.76 reduction in USD supply compared to $291.74 on Tuesday.


The development had led to a consecutive drop in Naira at the official forex market to 1,605.74 per USD on Wednesday and N1,602.43 the previous day.

Recall that on Monday, Binance informed users that any remaining NGN balances would be automatically converted to Tether, USDT stablecoin after March 8 amid a regulatory clampdown by the Nigerian Government.

The Nigerian Government had blamed Binance for the continued forex crisis in the country.

However, despite the regulatory move against Binance and other cryptocurrency platforms, Africa’s populous country’s FX crisis has yet to be resolved.

An FCT High Court sitting in Kubwa has struck out the N1 billion suit brought against a former Minister of Justice and Attorney-General of the Federation, Abubakar Malami, while he was in office.

Also sued was a civil servant, Ms Asabe Waziri and two others – the office of the former minister and the Federal Ministry of Justice.

The suit was brought against the former minister in his personal capacity along with Waziri and the two others by an Abuja-based property developer, Mr Cecil Osakwe.


But Justice Oluyemisi Adelaja, on Thursday, struck out the matter, citing lack of diligent prosecution by Osakwe.

“The claimant is the one who filed the action and is required to be seen diligently prosecuting same but they are not in court and there is no reason for their absence before the court.

“They have, therefore, been absent without reason and consequent upon Order 32 Rule 4, this case is ordered struck out for want of diligent prosecution,’’ Adelaja ordered.

It would be recalled that in June 2022, the Federal Government had filed a two-count charge with suit number FCT/HC/CR/244/2022, against Osakwe for advance fee fraud to the tune of N130 million.

The suit also alleged criminal intimidation of Waziri, a staff of the Nigerian National Petroleum Corporation, saying that Osakwe had threatened Waziri with injury to her person and reputation with intent to cause her harm and even death.

Waziri was said to have purchased a two-bed property from Osakwe to the tune of N130 million at Maitama, an up-market district of the FCT.

Following the two-count charge against Osakwe, he proceeded to file a lawsuit against the erstwhile attorney-general of the federation and minister of justice.

Others joined in the suit included the Federal Ministry of Justice and Waziri.

Through his Counsel, Mr Victor Giwa, Osakwe sought reliefs, including an order directing Malami to pay the sum of N1 billion to him as punitive damage.

The developer also sought an order directing the defendants to pay jointly and severally, the sum of N100 million to him as general damages.

The spokesman of Atiku Abubakar, the 2023 Peoples Democratic Party, PDP, presidential candidate, Paul Ibe, has disclosed that President Bola Tinubu once encouraged former President Muhammadu Buhari to print naira in 2020.

Ibe made the disclosure while criticizing the Minister of Finance, Wale Edun, over his comment on the printing of N22.7 trillion under Buhari’s administration.

Edun had said the printing of N22.7 trillion by the Central Bank of Nigeria in the name of a Ways and Means loan under Buhari’s government and ex-CBN governor Godwin Emefiele was responsible for the current rising inflation and economic hardship in Nigeria.


Speaking during an interface with the Senate Committee on Finance, the minister said the Ways and Means of loans of N22.7 trillion under the past administration was done aimlessly.

He further stated that the alleged reckless spending of the overdraft collected from the CBN under Emefiele largely accounted for the country’s food and security crises.

He vowed that Tinubu’s government would audit the CBN printing in the last eight years.

Reacting, Ibe faulted the minister’s remark stressing that Tinubu encouraged Buhari to toll such an irresponsible path in 2020.

Posting on Facebook, Ibe wrote: “Why is Wale Edun, who is more like oku eko (frozen fish) in this administration, bleating like a goat over the issue of Buhari’s printing of Naira? It was Bola Tinubu, as National Leader of the All Progressives Congress, who in 2020, encouraged Buhari on this irresponsible path of printing currency not matched with productivity.”

 

Reveals Herbert Wigwe’s Unwavering Support During His Dethronement

 

The Night of Tributes for the late Group Managing Director/CEO of Access Bank Plc, Herbert Wigwe, continued in Lagos yesterday, with the leader of the Tijjaniyya movement and 14th Emir of Kano, Mohammed Sanusi, captains of industry and political bigwigs paying tributes to the deceased.

Emir Sanusi broke down thrice while paying tribute to Herbert Wigwe. Each time he broke down, Abia State Governor Alex Otti, Aig-Imoukhuede and an aide comforted him. The aide had to spread his babanriga to shield his teary face from the audience. Recall that Herbert Wigwe died in a helicopter crash, along with his wife, Doreen, son, Chizzy and former Managing Director of Nigerian Exchange Group, Abimbola Ogunbanjo, in the US.


Aside from Emir Sanusi, other personalities, including Vice President Kashim Shettima, also paid tributes to the deceased. Also in attendance were Alhaji Aliko Dangote, President Dangote Group, Aigboje Aig- Imoukhuede, Chairman Coronation Group, Henry Imasekha, Chairman/CEO – Berkeley Group Plc, among other dignitaries. Speaking on the occasion, teary Sanusi said that due to Herbert’s kind gestures towards him and his family, some people believed he owned Access Bank, while Aig- Imoukhuede, and Herbert were fronting for him.

He said: “It was on a Saturday, I had no idea about what happened. I came to the airport waiting for a plane and I got a call from Bola Adeshola, and we were chatting. After two sentences, he said, Lamido you haven’t heard? “About two years ago, I put all my savings into a Trust for the education of my children, I have many and my priority as a father is to make sure that when I pass away, they will have good education. I told Herbert ‘I am placing you in charge of this Trust for the education of my children because I know that even if I die and did not leave any money, you will educate my children. “I thought I would die before Herbert.”

After that, he burst into tears. “When I had problems in Kano, I called him about six months before I was to leave Kano, and I said to him, ‘Herbert I know you will give all your best to solve all these problems, but I am convinced that this is what is going to happen.’ And he said to me ‘your highness, don’t worry, whatever happens, don’t worry we are here for you.’

“On the day I heard on the radio that I was dethroned, the night before it happened, I called and said I want to come to Lagos. The announcement was made at about 9am, by noon, Herbert had a plane at the tarmac in Kano. I put my family on that plane, no message, no phne call, I put them on that plane. Herbert received them, put them in a hotel, and later got them accommodation for months.

When I came we stayed there. “Some people believe I own access bank and Aig and Herbert are fronting for me. They gave me the cars and the drivers, they gave me security and a private jet and they ask for nothing and they don’t talk about it. I have lived in Lagos for four years, the house my family lives in was provided by Herbert.

“When I heard of his death, I said ‘in the coming weeks and months, people will get to know Herbert the human being’. They know him as a banker, as a business man, they don’t know him as a human being. He was always about others, not about himself. You can’t imagne how one human being could have been so many things to so many people.

“On the day before this happened, I was on a chat group when somebopdy made a few remarks about Herbert that I found offensive and I defended Herbert. I made my point very clear that this was totally unacceptable.


“A few days after Herbert died; a friend called me and sent me a message. He has sent a message to Herbert at about 3:20 am that morning (day of the crash), telling him how I had stood up and defended him and forwarded my entire message to him. ‘’Herbert replied at 3:28 am with one word ‘unbelievable’. He sent another message at 3:50 which was not delivered. From the presentation from the air traffic controllers, the crash happened at 3:30. So possibly, the last thing Herbert read was my message talking about him.

Media

Last modified on Thursday, 07 March 2024 09:23

Bauchi State House of Assembly (PHOTO CREDIT: BAHA's Facebook page, https://web.facebook.com/photo.php?fbid=258641269779852&set=pb.100069019426092.-2207520000&type=3)

 

The Speaker, Bauchi State House of Assembly, Babayo Akuyam, and his deputy, Ahmed Abdullahi, have resigned from their positions.

Mr Akuyam (PDP – Hardawa State Constituency), and Mr Abdullahi (PDP – Dass State Constituency) announced their resignation at the plenary on Wednesday.

The resignation is to pave the way for the return of the former Speaker, Abubakar Suleiman, and his deputy, Jamilu Dahiru, to their positions.

The News Agency of Nigeria (NAN) reports that the Court of Appeal, Abuja, in November 2023 sacked Mr Sulaiman (PDP- Ningi Central State Constituency), and Mr Dahiru (PDP – Bauchi Central State Constituency).

The court also ordered for re-run in the 11 March 2023 general election in the constituencies.

However, the Independent National Electoral Commission (INEC), declared Messrs Suleiman and Dahiru winners of the 3 Feb and 4 re-run elections in the constituencies, respectively.

The outgoing speaker, Mr Akuyam said the action was part of the agreement reached by the lawmakers to step down to enable the duo to return to their positions.

He thanked the lawmakers and legislative staff for their support and cooperation during their stewardship of the House.

Also speaking, Mr Suleiman hailed the outgoing speaker and his deputy for keeping to their words.

He also pledged to provide effective legislation for the betterment of the lives of the people.