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Tinubu absent as Atiku, Obi, Kwankwaso spar at Arise TV debate

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Tinubu absent as Atiku, Obi, Kwankwaso spar at Arise TV debate

As previously stated, presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Tinubu, yesterday, again, shunned the Arise TV presidential debate, with candidates of the Peoples Democratic Party (PDP), Atiku Abubakar; Peter Obi of Labour Party (LP) and Rabiu Musa Kwankwaso of New Nigeria Peoples Party (NNPP) in attendance.

Tinubu, through his presidential campaign council, on Saturday, in a statement indicated that he won’t be attending any debate organised by the TV station, whom he accused of being biased against him. He also asked his supporters and spokespersons to boycott Arise TV.

The APC candidate left Nigeria on the eve of the event, just as his media team explained that he was going for an event at Chatham House, in London.

However, the trio of Atiku, Obi and Kwankwaso took turns to speak at the third series of the Arise TV Town Hall Meeting on the broad themes of education, healthcare, poverty and human capital while also fielding questions from the panelists consisting of senior journalists and development experts.

They all agreed last night that the issues of poverty reduction, healthcare, educational uplift and human capital development demands more serious attention. They also admitted that the increasing budget deficit must be tackled to allow government perform optimally, while security and proper education are required to pull Nigerians out of poverty.

Speaking on human capacity development, Atiku talked about giving incentives to the private sector to create employment. He also said he would link the labour market with the education sector.

“We have to get our kids not just educated, but rightly educated. By the time you educate them, they will be available to the private sector who should be the engine of growth. The private sector is the driver of prosperity in any given economy.”

Atiku maintained that under his administration, he would provide incentives to the private sector, most of which would go to the Small and Medium-scale Enterprises (SMEs) to encourage young people to set up businesses and grow them to create employment.

He recalled that during his time as Vice President, he commissioned a study, which proffered solutions to the high number of out-of-school children, especially in Northern Nigeria.

Atiku, however, expressed sadness that none of the Northern governors took steps to implement the report, which would have gone a long way in substantially reducing the number.

In his submission, Kwankwaso said for NNPP, education has always been key in the party’s plan to pull people out of poverty. He said: “Education has always been key for us in pulling people out of poverty. I’m not surprised that we have 133 million poor people, out of a population of 200 million.”

This, he said, would be reversed when he gets the chance to become president, noting that he did this successfully during his time as two-term governor of Kano State.

Speaking on the same subject, Obi said the Federal Government should take the lion share of the blame for the growing poverty in Nigeria. This, he said, is because it controls the issue of fiscal policy as well as security, which has degenerated to a point where farmers can no longer go to the farms.

He also lamented that investment in education has remained poor over the years. This, he said was largely responsible for falling standards and growing poverty.

The LP candidate said when compared to South Africa, Nigeria’s investment in education is abysmal.

He said: “Our investment in education is low, it is about N3.6 trillion in the last six years, which is less than 10 per cent. In South Africa, they invested about 380 trillion rands, which is about 14 to 16 per cent of their budget.”

Speaking about his plans to deal with the challenge of the scary rate of out-of-school children, especially in the North, Obi said: “Most of these children studied Quran. And if they studied the Quran, it means they are intelligent. I will meet them at this point and give them skills.”

Responding to questions on the alleged diversion of funds meant for local governments as a trigger for the mounting poverty, Atiku said: “We must look at the Constitution and determine how to ensure that local government funds are directly allocated to the LGAs and applied in the best ways possible.

“When I assumed office as VP in 1999, I was placed in charge of LG allocations. I gave instructions that all LGA funds should be transferred directly to the LGAs. After nine months, the state governments protested and said it was illegal.”

On how to reduce poverty, Atiku vowed to sustain the National Economic Empowerment and Development Strategy (NEEDS) and State Economic Empowerment and Development Strategy (SEEDS), which he said significantly reduced poverty

“I believe the programme initiated by the PDP government, which brought down the poverty rate in Nigeria, should be sustained.”

Obi described as unacceptable the increasing poverty rate, saying to tackle budget deficit, government must cut cost of governance and remove petroleum subsidy.

“The Federal Government must work seamlessly with sub-nationals for us to have a meaningful development, particularly in reducing poverty.”

He said the country has no business subsidising petrol when the health sector is in need of funding, noting that the budget for the health sector is unacceptable and must be increased to at least 10 per cent if the country wants to stop experiencing the brain drain currently marring the health sector.

He emphasised that as opposed to investing in petroleum consumption, government needs to focus on more critical areas such as health, education and fighting poverty.

His words: “These are areas where you have to do subsidy not in petroleum consumption. There are areas where government do subsidies and it is for productive and development areas that are critical like health, education, fighting poverty. These areas are where you need to invest, so, there is need for fiscal package to support the insurance, which will allow them to treat high to low diseases. It’s been done in Indonesia, in India, I will show you big nations that are practising it. We don’t need to reinvent the wheel, we just need to learn what is being practiced somewhere and do the same.”

READ ALSO: Presidents of Sierra Leone, Zambia, DG World Trade Org, Others emerge winners in 11th African Leadership Award

On how to revive the health sector, Kwankwaso said: “Leaders should cultivate the habit of patronising our local health system, rather than going abroad.”

The NNPP presidential candidate assured that his government would not allow governors to suffocate the local governments financially if elected.

Kwankwaso noted that there was a need to look at the Constitution to ensure provisions could be made whereby local government authorities can get their money derived from the Federation Account directly.

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Police to partner NDLEA against drug abuse in Osun

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Police arrest three suspected kidnappers in Lagos

The Commissioner of Police in Osun, Mohammed Abba, has pledged   collaboration with the National Drug Law Enforcement Agency (NDLEA) in tackling the menace of drug Abuse in the state.

A statement by the Police Public Relation Officer, CSP Yemisi Opalaola, on Thursday in Osogbo, said that the commissioner made the pledge while playing host to NDLEA State Commandant, Adetula Lawal.

Abba expressed his readiness to further strengthen the healthy partnership between the two agencies.

The police commissioner said that the fight against drug abuse required collective efforts.

According to him, many of those committing crimes are doing so under the influence of dangerous drugs.

Abba promised to provide the necessary support to the NDLEA in the state.

The statement quoted Lawal as commending the police commissioner’s efforts in combating crime and criminality in the state.

He reiterated the agency’s collaboration with the police, as a leading security agency to tackle the menace of drug abuse and trafficking in the state.

 

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Customs’ 4% FOB levy will further increase inflation – financial experts

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Suspected drug smugglers kill two Customs officers in Kebbi

Financial experts have raised alarm that the implementation of the 4 per cent Free-On-Board (FOB) Levy on imports would exacerbate inflation in the country.

The News Agency of Nigeria (NAN) report that the Nigeria Customs Service (NCS) on Feb. 5 announced its introduction of the FOB levy on imports.

According to Abdullahi Maiwada, the spokesman of the service, the introduction of the levy was in line with the provisions of the Nigeria Customs Service Act (NCSA) 2023.

“In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4 per cent charge on the Free On-Board (FOB) value of imports.

“The FOB charge, which is calculated based on the value of imported goods, including the cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service.”

However, a former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, Dr Wale Adegbite and Evans Osabuohien, a Professor of Economics, said that the levy would worsen the nation’s inflation rate.

In separate interviews with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun, Adegbite and Osabuohien of the Department of Economics, Covenant University, said that the policy would negatively impact the economy.

The former MAN chairman said that the 4 per cent levy by the NCS “is a disaster and will worsen an already bad situation with multiple devastating effect on the economy.

” Why would the government inflict more hardship on the population as this new policy will certainly lead to more price increase, thus further increasing the country’s inflation rate.

“In addition, the masses will suffer more because of the impending price increase without any corresponding increase in income.”

Also, Osabuohien said that though the new FOB policy by the NCS was meant to generate more revenue for the federal government, but it would negatively impact on the economy.

He said that the NCS action would increase the cost of living of households.

The economist explained further that the development would increase the cost of operations of Small Medium Enterprises (SMEs), especially those companies that depend on imported raw materials for their production.

“This additional cost to be incurred through the 4 per cent increase in FOB would be transferred to the consumers and it would automatically trigger increase in the nation’s inflation rate,” Osabuohien said.

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Foreign

Trump plans 25% tariffs on steel, aluminium imports

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U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminium imports into the United States, he said on Sunday.

“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on aluminium imports, Trump replied, “25 Per cent for both.”

Trump also confirmed his plan to announce further reciprocal tariffs in the coming week.

He spoke of an announcement on Tuesday or Wednesday.

“Very simply, if they charge us, we charge them, Trump told reporters, adding that the tariffs would go into effect almost immediately.”

U.S. tariffs of 10 per cent on Chinese goods took effect from Feb. 4.

The planned tariffs of 25 per cent on Mexico and Canada were suspended for an initial period of 30 days following promises from the two countries to increase border security measures.

Trump won November’s presidential election promising to slap high tariffs on foreign goods to reduce U.S. trade deficits.

He implemented a number of duties during his first term from 2017 to 2021.

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