Connect with us

news

2023 : Nigeria would be among the greatest nations in human history, Says APC presidential aspirant, Bola Tinubu

Published

on

The former governor of Lagos State and presidential aspirant under the ruling All Progressives Congress (APC), Bola Tinubu, has listed his agenda for the country if voted into power, saying improving the economic prospects of young Nigerians must be prioritised to reclaim the glorious past.

Mr Tinubu spoke on Thursday as the lecturer 25th convocation ceremonies of the Lagos State University (LASU), Ojo. He spoke on the theme; “Global Trends: The Rightful Place of Nigeria in the World.”

The convocation lecturer, who was represented by the Lagos State Deputy Governor, Obafemi Hamzat, said time was running out for Nigeria to address her challenges, insisting that it is not enough to have potential but to convert them for the benefit of humanity.

He announced the donation of a N1 billion worth of centre to the university, which he noted would be for the incubation of leadership skills and training for future leaders in the country.

Speaking on the difference between the country’s potential and the sad realities, Mr Tinubu said Nigerians should no longer befool themselves, saying “history is patient yet not forever lenient regarding negligent folly.”

He said; “There comes a time when there is no time. Either action is taken, and the urgent word is said or precious chance slips away, lost forever. Our nation is approaching such a moment.

“We have boasted of enormous potential for decades, consoling our discomfort by saying that potential will be realised tomorrow. But something disappointing seems to happen when tomorrow becomes today. Years and decades have passed, yet greatness remains elusive.

“If greatness came merely by speaking of it, we would be among the greatest nations in human history.

“Instead, Nigeria remains locked in place. We remain an economy unjustly designed to export raw materials and import increasingly expensive finished products. The name of the raw materials might have changed from cocoa and groundnuts to oil and gas. The dire effects of this uneven economic arrangement remain the same

“We must be truthful enough to acknowledge this lapse, bold enough to correct it, and tolerant enough not to endlessly vilify each other for causing it. We are all both causes and hopefully solutions. Let us join hands. We must reform this nation.”

Listing his agenda and strategies for reform in the country, the presidential hopeful said the government must support strategically important industries to employ large numbers of young people for them to unleash their productive capacity and boundless energy.

He said national industrial and employment policies must move from the pages of documents to real life, saying the next sector to be properly reformed should be agriculture.

Mr Tinubu said: “We must increase food production while lowering consumer prices. Commodity exchange boards need to be reinstated to assure minimum farm incomes. Reforms are needed to give farmers more access to credit by loosening mortgage requirements and allowing greater leeway to execute forward contracts on what they grow.

“To combat food spoilage, we need to improve the rural road network and fund refrigeration systems for use by farmers and merchants in major local markets in each state. In the areas affected by extreme weather, water catchment systems and small-scale irrigation projects must take hold to mitigate the consequences of droughts and floods while also ensuring water for year-round agriculture.”

Real estate, education
The former governor also listed the real estate sector as one requiring urgent attention, saying its reform will allow the unlocking of economic potential in urban areas.

“It will make it easier to convey and mortgage real estate to lower the costs and time associated with the acquisition and sale of land, thus better allocating land to the most productive uses. Our mortgage institutions need to be revised and better-financed so they can provide affordable residential mortgages to young people just entering the workforce,” Mr Tinubu said.

According to Mr Tinubu, reforming education and the economy cannot be left out. He noted that formal education must be linked with the skills and expertise the business community seeks in the coming years.

He also said there is a need for a massive national infrastructure plan as he added that no national economy can grow beyond the capacity of its infrastructure to service the economy.

“Potable water should be readily available in our cities. Electrical power is the fulcrum of our development. We enact the reforms necessary to power businesses and homes at affordable prices. Firms in the sector must work as much for the public good as for private gain. Businesses contributing to power generation should receive generous tax treatment and forbearance,” Mr Tinubu said.

Centre donation
Meanwhile, the university’s vice-chancellor, Ibiyemi Olatunji-Bello, while congratulating the graduands on the successful completion of their studies, announced that Mr Tinubu donated a N1 billion centre to LASU.

Mrs Olatunji-Bello said it will be named Bola Ahmed Tinubu Centre for Leadership and Development, even as she urged the graduands to always conduct themselves in such ways and manners that will bring glory to them, their families, and their alma mater.

“You have been taught what it takes to succeed in life. Go and explore the world, do not limit your capabilities, be focused on whatever you do and involve God in your endeavours. Always remember that we are LASU and we are great,” Mrs Olatunji-Bello said.

She also congratulated all honourary awardees, saying their choice from amongst a lot of other suggested names after rigorous scrutiny, is a confirmation of their sincerity, sacrifice and unparalleled contributions and service to Nigeria.

“To Distinguished Professor Peter Akinsola Okebukola, the conferment of the rank of Professor Emeritus on you today is our modest way of appreciating all you have done and still doing for us at the Lagos State University, other Universities in Nigeria, and the world at large,” the vice-chancellor added.

On his part, the pro-chancellor and chairman of the university’s governing council, David Sunmoni, congratulated the families of the graduands.

He said; “Today’s convocation ceremony is for the Awards of PhDs, Conferment of the rank of Emeritus Professor and Honorary Doctorate Degrees to those who have been trained, examined, and undoubtedly found worthy both in character and in learning and eminent personalities who have contributed immensely to the development of humanity.”

The university’s chancellor, Gbolahan Elias, a professor, who was represented by the chairman of the convocation lecture and governor of Katsina State, Bello Masari, also told the graduates that their hard work and effort are recognised.

“You should continue to show interest in the progress of LASU, just as LASU must always keep track of your progress. The formal link between you and your university is provided for through the convocation. Please do not forget your roots here. LASU will certainly come to you for support in the months and years ahead,” he said.
Honorary doctorate awards were conferred on the governors of Kano and Borno states, Abdullahi Ganduje and Babagana Zulum, a professor of engineering, and the chairman, Nigeria in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa.

Also honoured are the former chairman of First Bank, Ibukunoluwa Awosika, and the chairman of Ikeja Hotel Plc, Goodie Ibru.

Continue Reading
Click to comment

Leave a Reply

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

news

Update : Mambilla: Nigeria Wins $2.35bn ICC Arbitration, Tinubu Hails Buhari, Obasanjo

Published

on

The International Chamber of Commerce tribunal in Paris has ruled in favour of Nigeria in the arbitration brought by Sunrise Power and Transmission Company Limited over the Mambilla Hydroelectric Power Project in Taraba State.

President Bola Tinubu, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the tribunal rejected the claims by Sunrise.

The company had sought $680m from Nigeria as a settlement sum and interest in relation to a separate arbitration in which it is claiming more than $2.7bn in compensation and interest over disputes surrounding the development of the 3,960-megawatt Mambilla project.

However, the tribunal, as reported by The Cable, also dismissed Sunrise’s claim for $400m arising from the 2020 settlement agreement, according to the details of the award reported on Thursday.

It further ordered Sunrise and its promoter, Leno Adesanya, to reimburse Nigeria 75 per cent of its legal fees and expenses, amounting to $11.82m.

The tribunal also reportedly declared that Adesanya was bound by the arbitration agreement with Nigeria under the settlement agreement and its addendum and that it had jurisdiction over Nigeria’s counterclaim against him and his firm.

In the statement, Tinubu said the ruling demonstrated the government’s determination to defend the country’s interests.

“This latest decision affirms the Nigerian State’s determination not to succumb to predatory and exploitative claims by corrupt local and international entities and their enablers and funders,” he said.

The President commended the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, and officials of the Federal Ministry of Justice for their role in the case.

He also commended former President Olusegun Obasanjo and the late former President Muhammadu Buhari, who testified in the arbitration.

“I also commend the FRN defence team, led by Ms Elizabeth Oger-Gross and Mr Tolu Obamuroh, both of Paul Hastings LLP, for their professional and excellent defence of the country.

“I commend the patriotism and support of former President Olusegun Obasanjo, GCFR, and late President Muhammadu Buhari, GCFR, who testified in the case, which dated back to an illegal 2003 contract to build a 3,050-megawatt hydroelectric plant in Taraba State under a build-operate-transfer model.

“The Federal Executive Council never authorised the contract. I thank the other witnesses in this case, including former Ministers Babatunde Raji Fashola, SAN, and Suleiman Adamu, and the experts, for their active participation in defending Nigeria’s interest in the arbitration,” the statement read.

“I want to assure you that while our country remains committed to partnering with genuine investors and honouring its legal obligations, it will continue to defend all opportunistic claims instituted against our commonwealth strongly.

“Today’s ICC ruling clears the single biggest legal hurdle that has paralysed the Mambilla hydro power project for years,” Tinubu said.

The dispute dates back to an agreement under which Sunrise claimed it had been awarded the contract to construct the Mambilla project.

The company commenced arbitration against Nigeria at the ICC International Court of Arbitration in October 2017, seeking about $2.354bn over an alleged breach of contract.

The parties later entered into a settlement agreement in 2020, under which Nigeria was to pay Sunrise $200m.

A subsequent dispute arose after the government did not make the payment, leading to another arbitration in which Sunrise sought $400m, comprising the $200m settlement sum and a $200m default payment.

In Thursday’s award reported by The Cable, the tribunal rejected Sunrise’s claim that Nigeria had breached its obligations under the settlement agreement and its addendum.

It also rejected the company’s demand for the $400m settlement and default sums.

The Cable reported that the tribunal fixed the arbitration costs at $1.6565m, with Sunrise and Adesanya responsible for 75 per cent and Nigeria for 25 per cent. Of the $11.82m in legal fees and expenses awarded to Nigeria, $2.5m is to be recovered from funds held in escrow by the ICC, while the remaining $9.32m is payable by Sunrise and Adesanya, with interest at 10 per cent annually, compounded annually, from notification of the final award until payment.

Continue Reading

news

Tinubu Tasks NIMC on 95% NIN Coverage Before December — Gbajabiamila

Published

on

President Bola Tinubu has urged the National Identity Management Commission (NIMC) to work towards achieving 95 per cent National Identity Number (NIN) coverage by December 2026.

The President gave the directive at the State House, Abuja, while delivering the keynote address at the 2026 National Identity Day celebration organised by NIMC.

He acknowledged NIMC’s excellent work so far, noting that National Identity Number (NIN) enrolment peaked at about 142 million, up from over 80 million Nigerians captured in the National Identity Database when he assumed office more than three years ago.

President Tinubu was represented at the event by his Chief of Staff, Hon. Femi Gbajabiamila. The event had the theme: “Nigeria’s digital public ecosystem: powering Africa’s digital economy.”

It was attended by the representative of Vice President Kashim Shettima, Senator Ibrahim Hadejia; the Secretary to the Government of the Federation (SGF), Senator George Akume; the Minister of Interior, Dr Olubunmi Tunji-Ojo; and the Minister of Education, Dr Tunji Alausa, amongst others.

President Tinubu said the target should be pursued through expanded ward-level enrolment, mobile registration initiatives and continued deployment of licensed enrolment networks. Government

The President noted that his administration’s vision goes beyond NIN coverage, stating that Nigeria “must build an identity system that is continuously useful, secure and responsive to the needs of Nigerians.”

“We are laying the foundations for a future of integrated digital services, including e-health records, e-transport systems and a more harmonised national data architecture.

“We must do this while protecting the rights, privacy and dignity of our citizens. The digital state must never become a state without accountability.

“Our commitment must therefore remain clear: innovation must be matched by responsibility. Efficiency must be matched by inclusion, security must be matched by trust. And digital transformation must ultimately improve the lives of ordinary Nigerians,” President Tinubu said.

The President, who commended the Director General of NIMC, Engr Abisoye Coker-Odusote, for a job well done over the past three years, called on Nigerians who have not obtained their NIN to do so, saying their NIN represents their connection to a modern Nigerian state.

Tinubu also applauded this year’s National Identity Day theme as very important, saying “Nigeria’s digital ecosystem must power Nigeria’s digital economy–and Nigeria’s digital economy must help power Africa’s.”

The President further said National Identity remains the engine room for the government’s Renewed Hope Agenda, noting that identity transformation is contributing directly to the government’s priorities.

“The NIMC ecosystem has created opportunities for thousands of Nigerians across the country. With more than 173 private companies, 30 state governments and 14 public sector institutions approved as licensed enrolment agents, the identity ecosystem is generating employment for enrolment officers, data professionals, supervisors, technology specialists and other support personnel. This is a digital infrastructure creating real economic opportunity,” he said. NigeriaNews Subscription

Speaking on the significance of national identity to Nigeria’s national security, President Tinubu said the two are linked, describing the connection as indispensable.

“A secure identity system is indispensable to a secure nation. By strengthening identity verification and enabling responsible information sharing across relevant government institutions, we are improving our capacity to combat identity fraud, financial crimes and other threats to national security.

“The ongoing collaboration among institutions, including the Nigeria Police Force, Nigeria Immigration Service, and the Economic and Financial Crimes Commission, demonstrates what is possible when government systems work together,” President Tinubu said. GeographicReference

The Minister of Interior, Dr Olubunmi Tunji- Ojo, also praised the Director General of NIMC for delivering excellent work with little supervision, saying she has shown appreciable leadership.

He said the President expected more from her and her team, adding that Nigerians need wider, easier, and more convenient access to identity services, including for Nigerians in the diaspora.

“We need more in providing a trusted national public key infrastructure and digital public infrastructure that support secure digital identity, authentication and electronic trust services, more in including a stronger foundation for Nigeria’s digital economy, digital governance and long-term national development,” Tunji-Ojo said. GeographicReference

The Director General of NIMC, Abisoye Coker-Odusote, in her remarks, commended President Tinubu and the Minister of Interior for their support, saying it has brought about a total transformation of Nigeria’s identity and existence.

She said, “Our reach tells its own story. Enrolments have grown from less than 100 million to over 142 million Nigerians and legal residents. The engine behind that growth is the ward-to-ward Enrolment Project, undertaken directly under Mr President’s initiative. NigeriaNews Subscription

“This project carried our officers into all 8, 8,809 boards of this Federation and mobilised the National Youth Service Corps members as adult enrolment officers in connection with front-end partners in communities that had never before hosted an enrolment desk.

“Alongside it, we launched the Self- Service Notification Platform, which has already processed close to two million record updates, turning a process that once took weeks in two communities into one that takes 24 to 48 hours directly from a citizen’s phone.”

Continue Reading

news

Anambra Debt Row: Presidency Questions Obi’s Record as Governor

Published

on

The presidential candidate of the Labour Party in the 2023 general election and a leading opposition figure ahead of the 2027 presidential election, Peter Obi.
The presidential candidate of the Nigeria Democratic Congress,

The Presidency has reacted to the ongoing dispute between former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress, Peter Obi, and the state government over the state’s debts and financial liabilities.

Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, in a post on X on Wednesday, said Obi had claimed to have left Anambra without debt and challenged him to follow through on his pledge to quit the presidential race if his claim was disproved.

Bayo Onanuga. US
File: Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga.
Onanuga wrote, “Peter Obi claimed he left Anambra with a clean slate of debt and even threatened to quit the presidential race if his claims were proven otherwise.”

He added that the Anambra State Government had responded with claims concerning liabilities allegedly left by the former governor’s administration.

“Now, the Anambra government has confronted him with facts and figures showing he owed Water Corporation workers, teachers, and pension and gratuities, and had also borrowed for frivolous things,” Onanuga said.

“The ball is back in his court. Will he follow through on his threat by quitting the race?” he asked.

Anambra govt disputes Obi’s ₦2.13bn ecological fund claim
The reaction followed a fresh response by the Anambra State Government to Obi’s Tuesday denial of claims that his administration left behind inherited debts, including a ₦2bn ecological fund, contractor liabilities and unpaid salaries, gratuities and pensions.

Obi had said his administration cleared more than ₦35bn in historical gratuities and arrears and left office without outstanding salary, pension or gratuity obligations.

He also disputed the government’s claim concerning the ecological fund, saying more than ₦2.13bn was left untouched in a First Bank account for the Oko/Umuchiana erosion crisis.

Soludo
File: Governor Charles Soludo of Anambra State
However, in a statement on Wednesday, Anambra State Commissioner for Information and Value Reformation, Law Mefor, disputed Obi’s account, saying the account he identified was an Internally Generated Revenue Consolidated Revenue Account and not an ecological fund account.

Mefor said the government obtained a certified printout of the account and claimed that “from 2011 when the account was opened until date, there has never been any such amount—whether as inflow or balance—in the account.”

Obi had challenged anyone who could establish that his account of the state’s finances was incorrect, saying, “If anybody can establish anything to the contrary, I will stop campaigning.”

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved