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Onaiyekan, others express concern over insecurity, poverty in Nigeria

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Onaiyekan, others express concern over insecurity, poverty in Nigeria

… As Gov. Ishaku advises FG on state police***

His Eminence, John CardinalOnaiyekan and other Christian clerics have expressed concern over insecurity in the country, urging political office holders to assist government to tackle the menace.

Onaiyekan, who gave the charge during a special thanksgiving programme organised by the Dominion Chapel International Church, on Monday in Abuja, urged politicians to always fulfill their campaign promises.

He stressed that many Nigerian politicians had failed in their responsibilities to the people.

He appealed to them to make the welfare of citizens their priority and protect the sovereignty of the country.

He also urged them to ensure transparency and even distribution of resources as well as embrace federal character in all appointments for justice, fairness and peace.

Onaiyekan, the emeritus Archbishop of Abuja Catholic Diocese, also appealed to religious leaders to lead by example and avoid utterances that could overheat the polity.

He stressed the need for Christians to be the light in all spheres and continue to pray for peace and unity in the country.

The General Overseer, Dominion Chapel International Church, Archbishop John-Praise Daniel, commended the role of Church leaders in promoting peaceful coexistence.

Also read: 2021 EMWA Exhibition will promote new technology, innovation– Commissioner

Daniel urged the Federal Government to check the spate of insecurity threatening the sovereignty of the country.

According to him, kidnappings, banditry and other insecurity issues potend danger for the future of the country.

Daniel, who is also the National Deputy President of the Pentecostal Fellowship of Nigeria, reiterated the readiness of the Church to fight against corruption and other vices in Nigeria.

“There is no doubt Nigeria will rise again as God is still in the business of turning around hopeless situations for good.

”I, therefore, call upon my fellow countrymen to fulfill the biblical condition for the turnaround as stated in 2 Chronicles 7:14.

”If my people, who are called by my name, shall humble themselves, pray and seek my face and turn from their wicked ways I will hear them from heaven and forgive their sins and heal their land,” he said.

Also speaking, the General Overseer of the Omega Fire Ministry, Apostle Johansson Suleiman, emphasised the need for the Church to stand up and be a voice for the voiceless.

Suleiman said that he believed that with unity and continuous prayers and support of the Church the country would overcome its challenges.

The newsmen report that top government officials, members of the diplomatic corps, members of the National Assembly and religious leaders attended the event.

The theme of the occasion is “Quest for Credible Leadership In Nigeria”.

In the meantime, Gov. Darius Ishaku of Taraba has advised the Federal Government to try state police in addressing the security challenges in the country.

Ishaku gave the advice in his remarks at a world news conference organised by the People’s Democratic Party (PDP) at the party national secretariat in Abuja, on Monday.

The conference also featured Senate Minority Leader, Sen. Enyinaya Abaribe, and former president of the Senate, Dr Bukola Saraki.

According to Gov. Darius, the primary responsibility of any democratic government was to secure the people and their property.

He said the state governors were going through challenges and were helpless in managing the insecurity as they have no power over security.

“No matter how bad the state police, let us experiment it. After all, we have the State Electoral Commission. After all the state governments are running the elections of the states.

“In my state, oppositions win elections; we allow them to go, nothing is wrong we are going peacefully.

“ So, who is telling me that the State Police will fail? Let us try and let it fail, then we will reverse, but not trying at all does not give us anything different. We will still continue where we are.

“ In any case, in a country of over 200 million people, how can you expect the management of police to be at the center?

“Our constitution was copied from USA, and in America you have the local police, you have the state police, and you have the national Police.

“What is greater than the local police, take it to the state police. What is bigger than the state police goes to the national Police,” Ishaku said.

The governor stressed on the need to ensure that police handle issue of internal security, while the military protect the territory sovereignty of the country, as a last resort for war.

He also advised the Federal Government to adequately train Nigeria security personnel and equip them with necessary technology and equipment.

“If my ADC cannot protect himself, how can he protect other people? You must first protect yourself as a policeman and as a military officer before you can protect other people.

“I will appeal that we should give adequate attention to equipping military forces,” he said.

Ishaku urged the ruling party to look into advice from the PDP, saying PDP is ready to give a helping hand to the APC-led government developing the country.

Similarly, Abaribe described PDP as responsible party interested in peace and development of the country.

He said that contrary to some views that the PDP was a weak opposition, “PDP is actually a responsible of position.”

The Senate Minority Leader explained that what people were doing was comparing PDP to the APC when they were not in power, expecting PDP to act the same way APC did.

“We are not. We had been in power before and we know the responsibilities of having power and we do not want to speak just like anybody on the street.

“So, we weigh our words, we look at the situation and we do not want to be an opposition that want to destroy rather, an opposition that wants to build,” he said.

Abaribe added that those, who wanted to destroy Nigeria, were those that refuse to manage the diversity of the country, and those actually pushing the country to precipice.

Also speaking, the former president of the Senate said the opposition party would continue to play its role in letting the government be aware of its lapses.

The Chairman of PDP Reconciliation Committee added that the PDP would continue to put pressure through constitutional means in telling government what they need to do.

“We will not get tired because when we see changes in the world, it has come through constitutional means.

“It might look like a long journey, but eventually, the true will prevail and the right thing will be done,” Saraki said.

Saraki also expressed the hope that in a short period Nigeria would start a new journey for greatness.

He advised government to listen to the people in various communities of the country, especially on the issue of insecurity.

“When we talk about security, it’s not about political party, it affects all Nigerians.

“People who are losing their lives, I am sure some of them do not belong to any political party.

“So, that responsibility of government is to all of us as Nigerians, and we are speaking on behalf of all Nigerians that the right thing needs to be done.

“We will continue to do that through conscious constitutionally agreed procedures,” the former president of the senate said.

 

 

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Economy

FAAC: FG, States, LGs Share N1.208trn Revenue For April

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FAAC: FG, States, LGs Share N1.208trn Revenue For April

The Federation Account Allocation Committee (FAAC), has shared the sum of N1.208 trillion as revenue for April among the Federal Government, states and Local Government Councils (LGCs).

The revenue was shared on Thursday at the May meeting of FAAC in Abuja.

A communiqué issued by the committee said that the N1.208 trillion total distributable revenue comprised statutory revenue of N284.716 billion, and Value Added Tax (VAT) revenue of N466.457 billion.

It also comprised Electronic Money Transfer Levy (EMTL) revenue of N18.024 billion, and Exchange Difference revenue of N438.884 billion.

The communique said the total revenue of N2.192 billion was available in April.

“Total deduction for cost of collection is N80.517 billion; total transfers, interventions and refunds is N903.479 billion.

The communique said the Gross statutory revenue of N1.233 billion was received for the month under review. This was higher than the sum of N1.017 billion received in March by N216.282 billion,” it said.

It said that the gross revenue available from VAT in April was N500.920 billion, which is lower than the N549.698 billion available in March by N48.778 billion.

The communiqué said that from the N1.208 trillion total distributable revenue, the Federal Government received N390.412 billion, the state governments received N403.403 billion and the LGCs received N293.816 billion.

“A total sum of N120.450 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

It said that on the N284.716 billion distributable statutory revenue, the Federal Government received N112.148 billion, the state governments received N56.883 billion and the LGCs received N43.855 billion.

It said that the sum of N71.830 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

“The Federal Government received N69.969 billion, the state governments received N233.229 billion and the LGCs received N163.260 billion from the N466.457 billion distributable VAT revenue.

“A total sum of N2.704 billion was received by the Federal Government from the N18.024 billion EMTL, the state governments received N9.012 billion and the LGCs received N6.308 billion.

“The Federal Government received N205.591 billion from the N438.884 billion Exchange Difference revenue; the state governments received N104.279 billion, and the LGCs received N80.394 billion.

“The sum of N48.620 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.

According to the communiqué, Oil and Gas Royalties, Companies Income Tax (CIT), Excise Duty, Petroleum Profit Tax (PPT), EMTL and CET Levies increased significantly.

It, however, said that Import Duty and VAT recorded considerable decreases.

“The balance in the ECA was 473.754 million dollars.

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Economy

Extension Of Nigeria’s Continental Shelf As Lesson On Continuity

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Extension Of Nigeria’s Continental Shelf As Lesson On Continuity

On May 14, the High Powered-Presidential Committee on Nigeria’s Extended Continental Shelf Project was in the Presidential Villa, Abuja.

The committee came to brief President Bola Tinubu on recommendations given to Nigeria regarding its submission for an extended continental shelf by the United Nations Commission on the Limits of the Continental Shelf (CLCS).

The briefing was led by veteran diplomat, Amb. Hassan Tukur, the Chairman of the committee.

The update with the president featured technical presentations by Prof. Larry Awosika, a renowned marine scientist and Mr Aliyu Omar, Member/Secretary of the Committee and former staff of the National Boundary Commission (NBC).

Omar also served as the Desk Officer for the project office in New York for several years.

Worthy of note, Nigeria’s request to have it continental shelf extended was approved by the CLCS in August 2023.

The project, which aims to extend Nigeria’s maritime boundaries under the United Nations Convention on the Law of the Sea (UNCLOS), has granted Nigeria sovereignty over an additional 16,300 square kilometres of maritime territory.

This is roughly five times the size of Lagos State.

The CLCS is mandated to, inter alia, consider the data and information submitted and provide recommendations on the outer limits submitted by the coastal state.

Article 76 of UNCLOS (1982) allows a qualifying coastal state to extend its continental shelf up to a maximum of 350M (350 nautical miles) or 150m nautical miles beyond its traditional Exclusive Economic Zone of 200 nautical miles.

Extension Of Nigeria’s Continental Shelf As Lesson On Continuity
President Bola Tinubu receiving Nigeria’s CLCS report from the committee

The continental shelf is the natural submerged prolongation of its land territory.

The journey to extend Nigeria’s continental shelf project began in 2009 with the country’s submission to the CLCS.

The project faced delays due to a lack of funds and administrative challenges; in 2013 the Senate of the Federal Republic in its resolution of Feb. 14, 2013, urged the Federal Government to fund the project and set up an independent body to handle it.

However, it was only in November 2015 that the then President Muhammadu Buhari revitalised it.

Subsequently, he appointed the High-Powered Presidential Committee (HPPC), headed by the former Minister of Justice and Attorney-General of the Federation, Malam Abubakar Malami, to oversee the project.

The HPPC operated as an independent technical body, effectively managing the project by cutting down on government bureaucracy.

Omar had led the Nigerian Technical Team through the question-and-answer sessions with the UN Commission on the Limits of the Continental Shelf (CLCS).

He was also the Member/Secretary of the HPPC with a strong institutional memory of the project, highlighted this during the committee’s briefing to President Tinubu on May 14.

Omar said that when the HPPC briefed Buhari in 2022 on the status of the project, the United Nations Commission on the Limits of the Continental Shelf (CLCS) was still considering Nigeria’s submission and having technical interactions with the HPPC.

”These interactions and consideration have now culminated in the approval for Nigeria to extend its continental shelf beyond 200M (200 nautical miles).

”As it stands now, the area approved for Nigeria is about 16,300 square kilometres, which is about five times the size of Lagos State”, he said.

Nigeria’s extended continental shelf is in an area that is referred to as the ‘Golden Triangle of the Gulf of Guinea’ due to its abundance of natural resources such as hydrocarbons, natural gas, and a variety of solid minerals.

Awosika, a pioneer member and former Chairman of the CLCS, explained that the technical team’s work involved lengthy processes.

He said it also required highly technical steps in the acquisition, processing and analysis of extensive marine scientific data offshore Nigeria’s margin for the submission to the UN CLCS.

He said that the Nigerian team had to defend the submission with the CLCS which involved highly technical question-and-answer sessions and provision of additional data and information.

Receiving the report, Tinubu commended the members of the technical team for working tirelessly.

He applauded their high technical and scientific expertise and solidarity to national cause throughout the eight years of service to the nation before an agreement was finally reached with the UN CLCS in August 2023.

It is instructive to note that Tinubu highlighted the interactions he had with his predecessor, Buhari, on the project; given that it was he, Buhari, who set up the HPPC to oversee the project in 2015.

Tinubu recounted how Buhari briefed him on the importance of the project.

”This is a big congratulations for Nigeria. I commend the team and we must take advantage of this and invite you again to have a repeat of this knowledge exploration on geography, hydrography and marine life.

”Nigeria is grateful for the efforts that you put into gaining additional territory for the country without going to war; some nations went to war; and lost people and economic opportunities.

”We lost nothing but have gained great benefits for Nigeria; we will pursue the best option for the country,” Tinubu said.

Tinubu has also promised to ‘pursue the best option for the country’ on the project, even though the CLCS recommendations fall short of Nigeria’s submitted claim.

Perceptive observers say the achievement is a lesson on the importance of continuity in government projects. Abandoning projects due to changes in administration can lead to wasted resources and lost opportunities.

The extended continental shelf is a significant achievement of Tinubu’s administration and to Nigeria.

According to experts, this is something that has never happened in the nation’s history, and may never happen again.

By learning from the ECS project, Nigeria can improve its approach to governance and project management, ensuring that with perseverance and continuity strategic initiatives are completed despite challenges.

The ECS project, initiated in 2009, faced delays and funding issues but persistence through the efforts of the immediate past administration paid off, and was finally approved by the UN in August 2023, shortly after Tinubu assumed office.

The country has taken note of articles 7 and 8 in Annex II to the Convention on the Law of the Sea concerning recommendations received from the CLCS.

The project also demonstrates the importance of long-term thinking in governance.

Discerning stakeholders hold that while the project’s benefits may not be immediate, it will surely have a significant impact on Nigeria’s economy and maritime boundaries in the future.

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Economy

Naira Gains N61.38 Against Dollar At Official Market

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Naira Gains N61.38 Against Dollar At Official Market

The Naira on Wednesday appreciated at the official market, trading at N1,459.02 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N61.38.

This represents a 4.04 per cent gain when compared to the previous trading date on Tuesday, when the local currency exchanged at N1,520.40 to a dollar.

Also, the total daily turnover increased to 289.14 million dollars on Wednesday up from 128.76 million dollars recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,593 and N1,401 against the dollar. 

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