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Labour Party chieftain, Okupe, Makes a u-turn and applauds Tinubu for hitting the ground running, showing determination and courage in leadership

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Achieftain of the Labour Party (LP) Doyin Okupe has commended President Bola Tinubu for showing commitment, zeal and courage in directing the affairs of the nation.

Okupe, an ex-aide to former President Olusegun Obasanjo in his piece titled: “For President Bola Tinubu: Still Many Rivers to Cross,” applauded the President for abolishing fuel subsidy and equalising foreign exchange.

He said: “President Bola Tinubu actually hit the ground sprinting; showing much determination, zeal commitment and courage. He has taken 2 extraordinarily bold steps by abolishing fuel subsidy and equalizing foreign exchange.

“This without doubt is causing very severe pain and hardship on the populace. However, in order to ground these policies properly, and reduce the pain on the populace, the President will still need to take more bolder steps.

“1. Nigeria must quit OPEC. – In about two decades from now, oil reserves may become meaningless. The present allocation of less than 2 million barrels per day for Nigeria with a population of over 200 million people and it’s prevailing strangulating economic conditions, given volumes of export to our main foreign exchange earner (90%) is inimical to our growth as a nation and to the wellbeing of the citizens.

“Outside OPEC, Nigeria can reduce it’s selling price of crude but also increase it’s exports to 3 million barells and above per day.

“This will increase accruable revenue from forex by up to 200% or more, which will allow the CBN have more supply of forex to the banks. In the face of surplus liquidity in forex supply, Naira will gain tremendous value over the Dollar.

“2. The present situation whereby the oil majors earn 60% of our accruable revenue from sales of oil leaving Nigeria with only 40% is no longer economically and financially prudent or reasonable. Saudi Arabia, using its own Aramco drills its own oil and earns 100% of the revenue from sales.

“We may not be able to achieve this instantly, but we should renegotiate with the oil majors for the ratio to shift in the favour of Nigeria to 60:40 minimum, even if we must add considerable investment in the processing for oil.

“3. The NNPC can no longer serve fully, neither can it meet the full expectations of it’s obligations to the Nigerian people. I am inclined to recommend that the President and his team should take a look and study the Atiku Abubakar model as it concerns the NNPC as a commercial entity.

“4. Most of the local refineries can still be made to be functional for the next 50 years. Part of the massive revenue inflow from the equalization of the forex regime should be used to refurbish once and for all, all our refineries, employing the best acceptable international bidding procedures to choose reputable international contractors to be engaged in the refurbishment programme.

“This should be done outside the purview of the NNPC and by a special presidential team that will abide by the best principles of honesty and transparency.

“5. Government must instantly liberalize licensing for investors who are interested in building petroleum refineries in Nigeria; especially modular refineries.

“6. The present crop of Nigerians engaged in crude petroleum refining who are scattered all over the place should no longer be hounded by task forces but rather harnessed officially into the downstream sector and licensed under supervision to produce and sell petroleum products.

“7. Government must deploy all powers and resources available to it to put a final end to crude oil theft and limit to the barest minimum, pipeline vandalization throughout the country.

“8. In spite of our leadership of ECOWAS in this period, the Nigerian government should encourage the deployment of diplomatic crises management approach and seek ways by using its influence with the organization to end the crises in Niger as quickly as possible as a precursor to urgent steps that need to be taken towards the activation of the plan to build the trans-sahara gas pipeline from Nigeria to Algeria and Europe, through Niger and Algeria.

“If this can be accomplished in the next 3 years, with Nigeria being the 9th highest deposit of gas in the world, sales of gas to Europe will bring in revenue in excess of $30b per annum.

“9. In order to ameliorate the present hardship in the country and give succor especially to the poor, government will have to revisit the 100% abolition of fuel subsidy pending the time when some of the items enumerated above can be accomplished. In the mean time, part of the excess inflow from forex equalization can be deployed to fund a supplementary budget to the National Assembly to cover for whatever percentage of the subsidy regime that government considers will suffice to grant the desired relief of the current hardship.

“10. The equalization of the foreign exchange regime instantly brings in massive revenue into the federation account from NNPC. Last month, for the first time ever, a sum if 1.5tr was available for sharing among the 3 tiers of government.

“The implication of this is that each tier of government will have the requisite financial cushioning to increase minimum wage to at least N60,000 per month.

“The rest of the excess funds can be channeled towards the repair and refurbishing of refineries as stated above and further strategic infrastructural and human development projects especially at states and local government levels.

“Furthermore, the more export trades our small and medium scale enterprises and business concerns within the country undertake will boost and improve the percentage of inflow of Dollars from non-oil exports.

“The weakening of the naira also has a major economic advantage of making our goods and services cheap abroad. Government must seize the situation to encourage the export if anything and everything by individuals and enterprises.

“Such encouragement may include payment of special grants per tonnage of goods exported.

“11. In the same vein, a major international drive and campaign must be undertaken by the CBN to encourage Nigerians in diaspora to use the official platform for remitting money home from abroad. This may be in form of waving commissions and fees chargeable on transfers.

“With an inflow of nearly $25b per annum from the diaspora community, Dollar supply to the CBN will increase to a large extent.

“12. Power generation and distribution is a major player in our economy; creating employment and improving the living standard of people generally.

“With this in view, I will strongly recommend that government shifts the level of power generation without official licensing from 1 MW to 5 MW. The cost of generating power from various sources is about $1-1.2m per MW on the average. With this singular policy, up to 1,000 local investors can enter into the power generation market in less than 1 year thereby boosting our power generating potential by more than 5,000 MW in 1 year.

“If this policy is followed with more liberalization of the power act of 2022, the need for generating sets by millions of Nigerians will drastically reduce by more than 80%. This will also further cause a decline in the demand by the populace especially the lower class for petrol to power small generators either for business or leisure.

“In conclusion, I personally believe that President Bola Tinubu is a thinker and an achiever. I have therefore enumerated the points above just to stimulate thoughts and actions and draw attention to areas which I consider if exploited, will add value to the plans of the current administration, increase revenue inflow to the country, reduce hardship and combat poverty.”

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Anti-Graft Showdown: EFCC Grabs Malami’s Passport, Probes $400m Abacha Recovery

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…..Now to report daily for one month from Monday

….. Allegations against me fabricated, says ex-AGF

The Economic and Financial Crimes Commission (EFCC) yesterday seized the international passport of a former Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN.

The seizure was part of the ongoing investigation of the whereabouts of $490 million Abacha loot secured through Mutual Legal Assistance (MLAT).

Malami cannot travel out of the country in the next one month because the condition for his release at 1am on Saturday was for him to report daily for interaction in EFCC headquarters in Abuja.

But Malami, who said the allegations against him were fabricated, said the truth will unfold soon.

According to the fact-sheet on Malami, he has many issues to clarify with the EFCC in the next one month.

“We have asked him to explain the whereabouts of $490 million Abacha loot secured through Mutual Legal Assistance (MLAT).

“We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.

“Considering the huge volumes of documents he has to go through and the detectives he needs to interact with, we have seized his international passport.

“One of the conditions for his release on bail at 1am on Saturday was that he should report daily to the EFCC headquarters for interaction.

“He cannot travel out of the country except as mutually agreed with EFCC or with the permission of a High Court.

“We won’t join issues with him on his braggadocio but we will release our findings to the public after painstaking investigation.”

Reacting on his X handle, Malami said the allegations against him were fabricated.

Although he said the truth will soon unfold, he was silent on the seizure of his international passport.

He said: “In line with my undertaking to keep Nigerians updated on my invitation by EFCC, I give glory to Allah for His divine intervention.

“The engagement was successful, and I am eventually released while on an appointment for further engagement as the truth relating to the fabricated allegations against me continues to unfold.”

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BREAKING: Tinubu Finally Nominates Ex-INEC Chair Yakubu, Fani-Kayode, Omokri, 29 Others as Ambassadors

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President Bola Ahmed Tinubu has transmitted a new list of 32 ambassadorial nominees to the Senate for confirmation, just days after submitting an initial batch of three names.

In two separate letters addressed to Senate President Godswill Akpabio, President Tinubu urged the lawmakers to give swift consideration and approval to 15 career ambassadors and 17 non-career ambassadors.

The list was released on Saturday in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

According to the breakdown, four women were nominated as career ambassadors, while six women made the non-career category.

Notable nominees in the non-career group include Barrister Ogbonnaya Kalu from Abia; former presidential aide Reno Omokri (Delta); former chairman of the Independent National Electoral Commission (INEC), Mahmud Yakubu; former Ekiti first lady, Erelu Angela Adebayo; and former Enugu governor, Ifeanyi Ugwuanyi.

Others are Tasiu Musa Maigari, the former speaker of the Katsina House of Assembly, Yakubu N. Gambo, a former Commissioner in Plateau State and former deputy executive secretary of the Universal Basic Education Commission (UBEC).

Professor Nora Ladi Daduut, a former senator from Plateau; Otunba Femi Pedro, a former deputy governor of Lagos State; Chief Femi Fani-Kayode, a former aviation minister from Osun State; and Barrister Nkechi Linda Ufochukwu from Anambra State are on the nomination list.

Also on the list are former First Lady of Oyo, Fatima Florence Ajimobi, former Lagos Commissioner, Lola Akande, former Adamawa Senator, Grace Bent, former governor of Abia, Victor Okezie Ikpeazu, Senator Jimoh Ibrahim, businessman, lawyer and Senator from Ondo State, and the former ambassador of Nigeria to the Holy See, Ambassador Paul Oga Adikwu from Benue State.

Among the nominees for career ambassador and high commissioner-designates are: Enebechi Monica Okwuchukwu (Abia), Yakubu Nyaku Danladi (Taraba), Miamuna Ibrahim Besto (Adamawa), Musa Musa Abubakar (Kebbi), Syndoph Paebi Endoni (Bayelsa), Chima Geoffrey Lioma David (Ebonyi) and Mopelola Adeola-Ibrahim (Ogun).

The other nominees are Abimbola Samuel Reuben (Ondo), Yvonne Ehinosen Odumah(Edo), Hamza Mohammed Salau (Niger), Ambassador Shehu Barde (Katsina), Ambassador Ahmed Mohammed Monguno (Borno), Ambassador Muhammad Saidu Dahiru (Kaduna), Ambassador Olatunji Ahmed Sulu Gambari (Kawara) and Ambassador Wahab Adekola Akande (Osun).

The new nominees are expected to be posted to countries with which Nigeria maintains excellent and strategic bilateral relations, such as China, India, South Korea, Canada, Mexico, the United Arab Emirates, Qatar, South Africa, Kenya, and to Permanent Missions such as the United Nations, UNESCO, and the African Union. All the nominees will know their diplomatic assignments after their confirmation by the Senate.

Last week, President Tinubu sent three ambassadorial nominees for screening and confirmation. The nominees were Ambassador Ayodele Oke (Oyo), Ambassador Amin Mohammed Dalhatu (Jigawa), and Retired Colonel Lateef Kayode Are (Ogun). All three are in the pot for posting to the UK, USA, or France after their confirmation.

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BREAKING: Tinubu Declares Security State of Emergency, Approves Major Recruitment Drive for Military and Police — “We Will Smoke Out All Criminal Elements”

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…tasks herders to abandon open grazing, embrace ranching, surrender arms

President Bola Ahmed Tinubu on Wednesday declared a nationwide security emergency in response to the wave of violent attacks across parts of the country, announcing sweeping directives for expanded recruitment into the Armed Forces and Police, the activation of forest guards, and tighter security measures for all vulnerable areas.

In a statement personally he issued, President Tinubu said, “Today, in view of the emerging security situation, I have decided to declare a nationwide security emergency and order additional recruitment into the Armed Forces.”

By this order, he said both the police and the army had been authorised to recruit more operatives, saying, “The police will recruit an additional 20,000 officers, bringing the total to 50,000.”

The president also directed that the police could now use National Youth Service Corps (NYSC) camps as training depots, noting that although he had previously approved the upgrade of police training institutions, the new security reality required immediate expansion of capacity.

He further ordered that officers being withdrawn from VIP guard duties must undergo crash retraining.

According to him, the exercise is to “debrief them and deliver more efficient police services when deployed to security-challenged areas of the country.”

Tinubu also empowered the Department of State Services (DSS) to activate fully the forest security architecture.

“The DSS also has my authority to immediately deploy all the forest guards already trained to flush out the terrorists and bandits lurking in our forests,” he said, adding that the agency had his directive to recruit additional personnel.

“There will be no more hiding places for agents of evil”, the President said.

Calling the situation “a national emergency,” the President said the federal government was responding by “deploying more boots on the ground, especially in security-challenged areas.”

He appealed to citizens to play their part, saying “the times require all hands on deck. As Nigerians, we should all get involved in securing our nation.”

President Tinubu commended security forces for recent breakthroughs, including the rescue of abducted schoolgirls in Kebbi and the 38 worshippers seized in Kwara State.

“We will continue to sustain the efforts to rescue the remaining students of Catholic School in Niger State and other Nigerians still being held hostage,” he assured.

To military personnel across the country, he delivered a firm charge, saying “I commend your courage and your sacrifice… I charge you to remain resolute, to restore peace across all theatres of operation, and to uphold the highest standards of discipline and integrity. There must be no compromise, no collusion, and no negligence.”

He added that his administration would support them fully to succeed.

Tinubu also pledged federal support to states with existing security outfits and urged the National Assembly to begin a legislative review to allow states that require state police to establish them.

He cautioned state governments against operating boarding schools in remote, unsecured areas, and advised religious institutions to “constantly seek police and other security protection when they gather for prayers, especially in vulnerable areas.”

The President reiterated his administration’s stance on resolving farmer-herder clashes, pointing to the establishment of the Ministry of Livestock Development.

He urged herder groups to abandon open grazing and embrace ranching, saying “I call on all herder associations to take advantage of it, end open grazing and surrender illegal weapons. Ranching is now the path forward”.

Tinubu expressed sympathy to families affected by recent attacks in Kebbi, Borno, Zamfara, Niger, Yobe and Kwara States.

He also paid tribute to fallen soldiers, including Brigadier-General Musa Uba.

“Those who want to test our resolve should never mistake our restraint for weakness. This administration has the courage and determination to keep the country safe and ensure our citizens live in peace”, he warned.

In a rallying call to Nigerians, the President urged unity and vigilance, saying “I urge you not to give in to fear and never succumb to despair… Report suspicious activities. Cooperate with security agencies. We are in this fight together, and together we shall win.”

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