Connect with us

Headlines

Atiku interacts with business executives in Lagos, speaks on fuel subsidy, FX rate

Published

on

Atiku interacts with business executives in Lagos, speaks on fuel subsidy, FX rate

Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has made his stand known on a plethora of economic issues Nigeria is currently battling.

The former vice president of Nigeria who spoke about his recovery plan for Nigeria at the Lagos Business School 2022 Alumnia Day which had in attendance business executives, engaged the audience about economic issues, fuel subsidy, foreign exchange policy, debt crisis, power as well as the oil and gas sector.

He also used the platform to pay tribute to the private sector for the successes recorded by the PDP between 1999 and 2007.

Atiku, who started his session by giving a brief background on the economic gains of the PDP between 1999 and 2007, including debt cancellation, privatisation, banking reforms, and effective working partnerships with the private sector.

On the rising cost of governance, the former VP said he would revisit the Orosanye report and ensure the white paper report is in conformity with the principle of setting up the committee.

He further said his privatisation plan is not to render people jobless but to ensure effective governance.

Speaking on fuel subsidies, he noted how the PDP government had phased them out in batches, saying: “I was the chairman of the removal of fuel subsidies committee, and I recall how we removed phase 1 and phase 2 of fuel subsidies. I will continue from where we stopped, remove fuel subsidies totally, and channel the subsidy funds back to the economy. In other words, it’s just a fraud.”

He described Nigeria’s debt situation as a mess, saying he would fix it if he is elected president.

His words: “If you are talking about foreign debt, we have done it before, I will engage our creditors and ask for debt forgiveness or cancellation like we did before. Coming to local debt, if we stabilise the economy, we will borrow less, propose a flexible payment plan.

“Again, I want you to compare our records with the current government and you can see who did well economically.”

The former vice president stated that he will reform the oil and gas sector by ensuring the right investors are engaged such that Nigeria’s crude production increases while ensuring the privatization of the three refineries in the country.

According to him, with such policies in place, it will ultimately make Nigeria an oil production hub.

He equally vowed to ensure proper funding for public education, arguing that it should be enjoyed for free by children of the poor.

He also promised to reposition the UBE set up in 1999 for its main purpose, which is to reduce the number of out-of-school children in the country.

When asked to comment on the autonomy of the CBN, Atiku said the current managers of the apex bank are taking a cue from the current administration, “which lacks direction.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Commission, journalists partner to revamp water sector in Kaduna

Published

on

The Kaduna State Water Services Regulatory Commission (KADWREC) says it is partnering media practitioners towards revamping water services in the state.

Mr Dogara Bashir, the Executive Chairman of KADWREC, disclosed this on Monday at a one-day workshop organised for media practitioners on regulation of ‘Water, Sanitation and Hygiene’ (WASH) activities held in Kaduna.

Bashir said the commission was aware of the importance of the role media practitioners played in the society.

He stated that the workshop was to provide an avenue to liaise with them as important stakeholders on water supply and sanitation services in the state.

Bashir said: “As media practitioners, we believe you are a gateway to the citizens so, the workshop would acquaint you with some of the regulations already in place so that you can in turn transmit it to the public

“The state of water services in Kaduna State is in dire need of attention and the State Water Corporation and KADWREC were established towards addressing the seeming challenges.

“The commission is mandated to ensure better service delivery and regulation of water and sanitation services in the State.

“The idea is that once the regulations are developed, we send them to the State Ministry of Justice to gazette and then we get the state government to endorse and give the go ahead to commence the implementation of the regulations

“We intend to implement them fully come January, 2025 God willing, as we have embarked on advocacy activities having gone to zones 1 and 2 where we talked to traditional rulers, security agencies and the Judiciary.”

He disclosed that a special Court has already been attached to the commission by the Chief Judge of the State for service providers who may likely violate regulations.

The chairman further said that amongst the commission’s objectives include ensuring security, reliability and quality of service in the production and delivery of water to the consumers as well making regulations to control the sinking of boreholes.

Others included; maximising access to water services by promoting and facilitating consumer connections to distribution systems in urban and rural areas.

According to Bashir, they also include ensuring that regulatory decision-making has regards to all the relevant health, safety, environmental and social legislation applying to the water sector.

Bashir further said that the commission collaborate with the relevant state and federal agencies on water policies.

Continue Reading

Crime

2 ladies docked for allegedly obtaining money by fraud

Published

on

The police in Lagos have dragged two women, Mmesuma Ofunna, and Blessing Adimekwe, before an Ojo Magistrates’ Court in Lagos, over alleged obtaining money by false pretence.

Ofunna, 22, and Adimekwe, 25, were arraigned before the Magistrate, Mr L K J Layeni, on a four-count charge bordering on conspiracy, obtaining by false pretence, stealing and conduct likely to breach peace.

They each, however, pleaded not guilty to the charge.

The prosecutor, ASP Simon Uche, told the court that the defendants conspired with others now at large, to commit the offence on Oct. 26 at the Okokomaiko area of Ojo.

He alleged that they had obtained the sum of N70, 000 from one Faith Ahamefule, with a promise not to post her nude photo on social media.

The prosecutor alleged that the defendants later posted the nude photo of the nominal complainant on social media, knowing that their promise was false.

He alleged that they stole the N70, 0000, thereby conducting themselves in a manner likely to breach public peace.

The offence contravenes the provisions of sections 168(d), 287, 314, and 411 of the Criminal Law of Lagos State 2015.

The court granted the defendants bails in the sum of N500, 000 each, with two sureties each in like sum.

He adjourned the case until Jan. 8, 2025 for mention.

Continue Reading

Headlines

Driver jailed 6 months for attempting to steal a car

Published

on

A Jos Magistrates’ Court on Monday, sentenced a 37-year-old driver, Ahmad Umar to six months in imprisonment for attempting to steal a car.

The Magistrate, Shawomi Bokkos, summarily tried and sentenced the convict after he pleaded guilty to the charge.

Bokkos in his judgment, ordered the convict to pay an option of N30, 000 fine or spend six months in prison.

Earlier, the Prosecutor, Insp Ibrahim Gokwat, told the court that the case was reported on Oct. 10, at the Area Command Police station through a distress call by one Sydney Peacemorie the complainant.

Gokwat said the complainant parked his Toyota RAV4 in front of Access Bank and went inside to carry out some transactions, only to return to find the convict inside his car.

“The convict unlawfully opened the car and was in the driver’s seat when the complainant raised alarm and he was apprehended, but his accomplice escaped.

“The convict was severely beaten by a mob but was rescued by the police,” said Gokwat.

“The prosecutor said that the offence contravened the Plateau Penal Code Law.

Continue Reading

You May Like

Copyright © 2024 Acces News Magazine All Right Reserved.

Verified by MonsterInsights