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Nigeria’s Delist from Piracy Prone Countries Excites Buhari



Nigerian Navy intercepts, rescues hijacked vessel, 10 crew

President Muhammadu Buhari on Monday gleefully highlighted that piracy has so significantly reduced, over the last seven years, that it culminates in Nigeria’s removal from the list of piracy-prone countries.

The President said this at the 2023 Presidential Fleet Review in Lagos, held in his honour by the Nigerian Navy, with the theme  “Fleet Readiness for National Prosperity”.

He said the International Maritime Bureau in March 2022 delisted Nigeria from the list of piracy-prone countries.

“Furthermore, the application of technology to secure the maritime domain has supported the intelligence-driven deployment of ships.

Navy Promotes 55 Senior Officers; NAF Council Promotes 31 AVMs, 26 Air Commodores

“I will particularly commend the diligent arraignment and prosecution of MT HEROIC IDUN, the sequel to the detection and arrest, for attempting to load crude oil, offshore Bonny in August 2022 without authorisation, just to cite one example.”

According to Buhari, this successful conviction further confirms the Nigerian Navy’s resolve to protect resources belonging to our country.

The President said the Nigerian Navy achieved this feat due to collaborations with navies from partner nations.

He said it boosted synergy in addressing illegalities within the Gulf of Guinea.

“They had joint exercises such as Exercise OBANGAME EXPRESS, Exercise GRAND AFRICA NEMO and Exercise FLINTLOCK to mention a few.

“These exercises have enhanced the Navy’s readiness for Maritime security operations,” he said.

He equally commended the heads of navies and coast guards as well as foreign allies for the useful cooperation.

The President expressed appreciation for the donations and mutual military cooperation with ship-building partner nations.

He said the cooperation had encouraged local shipbuilding by the Nigerian Navy.

“The Navy’s efforts in indigenous shipbuilding, in line with the nation’s local content development plan is yielding positive results.

“Our naval engineers were wholly responsible for building three Seaward Defence Boats, NNS ANDONI, NNS KARADUWA and NNS OJI.

“In December 2021, I performed keel laying foundation for the construction of two Seaward Defence Boats, which will be ready by 2024.

“I have no doubt that our Navy will soon commence construction of larger ships for itself and other navies in the region and beyond.

“This achievement is a great pride to Nigeria and an impressive contribution to national development.”

He also acknowledged the cooperation of the Lagos State Government, emphasising the role of the state and stakeholders in the economy of the nation.

“Let me also compliment the government and people of Lagos State and other maritime stakeholders for the critical support given to the country’s Navy in conducting this Fleet Review.

“Pertinently, more than half of our maritime trade pass through ports located in Lagos and as such continues to be a lifeline for the nation’s industry and economy.

“This strategic importance further underscores the necessity of cordial working relations,” Buhari said.

He also commended the Chief of Naval Staff, Vice Adm. Awwal Gambo, and the entire Navy personnel for the splendid conduct of the “historic event”.

Earlier, the President went on board a Nigerian Navy Ship (NNS) Sokoto, to inaugurate two ships and a Navy Helicopter at sea.

He inaugurated a new helicopter (NN410 ), manufactured in Italy;  NNS KADA, a landing ship transport, built in Sharjah, United Arab Emirates;  and NNS IBENO, donated by the Peoples Republic of China.

Gambo, in his welcome speech, commended the transformation of the Nigerian Navy within the eight years of the President’s tenure.

“His administration has repositioned the Navy for better service delivery and actualisation of its constitutional mandate,” he said.

He explained that the people ship, NNS KADA, a Landing Ship Transport, was built by Messrs DAMEN at the Sharjah Port, United Arab Emirates.

He said the ship would serve as a force multiplier toward projecting naval power as well as support non-kinetic operations.

He said NNS IBENO is a fast patrol craft, donated by the Peoples Republic of China.

“The ship would be deployed for surveillance and patrol duties within Nigerian waters and the region.

“The NN Helicopter, NN410, first of three to be delivered, which arrived in January, will increase the reaction time of the fleet to incidences at sea and aid conduct of Search and Rescue Operations among others.

“Induction of these platforms into the Nigerian Navy Fleet will lead to further decline in maritime crimes and boost socio-economic activities in the Nigerian maritime environment,” Gambo said.

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Children’s Day: London Academy Business School Celebrates Nigerian Children



...Reiterates commitment to provide high-quality education to Nigerian Child***
Dr. Larry, the Director of London Academy Business School (LABS), joined other Nigerian leaders from other industries to celebrate children on children's Day. In his words, Dr. Larry stated that children remind us of the future.
While speaking to reporters, he emphasized the aura of love that children create in the homes and throughout society, Also that "the joy and happiness from children are amazing, sufficient enough to drive energy for nation building."

Dr. Larry also advocated for effective child protection policies and implementation, urging all critical stakeholders, including parents, teachers, and the government, to protect and celebrate children.
  To ensure that high-quality education is available to children in Nigeria, London Academy Business School has established a Lagos Study Centre with state of the art facility and modern technology with plans to expand across all cities in Nigeria.

Dr. Jones-Esan, who has big plans to change the face of education in Nigeria, has also urged the government and private stakeholders to work with him and his team of professionals to change the face of education in Nigeria. He claims that many children have big potentials but can't realise them because they're not in school.
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Tinubu To Adopt Price Control Mechanism For Agro Products



… Vows to Defend Nigeria From Terror, Criminality – Tinubu***

President Bola Tinubu says he will take steps to ensure price control for agricultural products.

Tinubu said this in his inaugural address on Monday in Abuja.

According to him, rural income shall be secured by commodity exchange boards guaranteeing minimal prices for certain crops and animal products.

He said that agricultural hubs would be created throughout the nation to increase production and engage in value-added processes.

“The livestock sector will be introduced to best modern practices and steps taken to minimise the perennial conflict over land and water resources in the sector.

“Through these actions, food shall be made more abundant yet less costly. Farmers shall earn more while the average Nigerian pays less,” he said.

On foreign policy, Tinubu said that the crisis in Sudan and the turn from democracy by several nations in “our immediate neighbourhood were of pressing concern”.

He said that his primary foreign policy objective would be the peace and stability of the West African continent.

“We shall work with ECOWAS, the AU, and willing partners in the international community to end extant conflicts and to resolve new ones.

“As we contain threats to peace, we shall also retool our foreign policy to more actively lead the regional and continental quest for collective prosperity, ” he said.

The President called on all Nigerians, irrespective of political affiliations, to support his government in his bid to take Nigeria to greater heights.

“Our administration will govern on your behalf but never rule over you.

“We shall consult and dialogue with, but never dictate. We shall reach out to all but never put down a single person for holding views contrary to our own.

“We are here to further mend and heal this nation not tear and injure it,” he said.

In the meantime, President, Bola Tinubu, has promised to defend Nigeria from terror and all forms of criminality threatening the peace and stability of the country and the sub-region.

Tinubu said this in his inaugural address after he was sworn in as the 16th democratically elected president of Nigeria on Monday in Abuja.

He said that security shall be the top priority of his administration, saying that neither prosperity nor justice could prevail amidst insecurity and violence.

“To effectively tackle this menace, we shall reform both our security Doctrine and its Architecture.

“We shall invest more in our security personnel, and this means more than an increase in number.

“We shall provide, better training, equipment, pay and firepower,” he said.

Tinubu said his mission was to improve the lives of Nigerians in a manner that nurtured humanity, encourage compassion toward one another, and duly rewards collective effort to resolve the social ills that sought to divide the nation.

“Our constitution and laws give us a nation on paper, saying we must work harder at bringing these noble documents to life by strengthening the bonds of economic collaboration, social cohesion, and cultural understanding,” he said.

He called for the development of a shared sense of fairness and equity, adding that the South must not only seek good for itself but must understand that its interests were served when good come to the North.

“The North must see the South likewise.

“Whether from the winding creeks of the Niger Delta, the vastness of the northern savannah, the boardrooms of Lagos, the bustling capital of Abuja, or the busy markets of Onitsha, you are all my people.

“As your president, I shall serve with prejudice toward none but compassion and amity towards all.

“In the coming days and weeks, my team will publicly detail key aspects of our programme,” he said.

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Fuel Subsidy Removal: Don Predicts Reduction In Fuel Price



Prof. AbdulGafar Ijaiya of the Department of Economics, University of Ilorin, has expressed optimism at President Bola Tinubu’s inaugural remarks on the removal of fuel subsidies, saying this may reduce prices at the long run.

Ijaiya, who spoke on Monday in Ilorin, observed that with commitment from the Federal Government in revamping existing refineries alongside Dangote refineries, will increase the availability of petroleum products.

The expert who however explained that though such effect may not be felt immediately, noted that the present pump price is about N200, depending on filling stations across the country.

He questioned if the present fuel price at about N200 was as a result of the subsidy removal, adding that if it is not, then fuel may likely increase with about 50 per cent rate after the removal.

“But the thing is that very soon, what has gone wrong with the refineries will be corrected and Dangote refineries will commence by July/August,” he said.

Ijaiya, who teaches in the Faculty of Social Sciences of the university, pointed out that in the beginning there might be an increase in the prices of foods and services.

He however asserted that in a society like Nigeria where people are used to hike in prices, it would not mean much to the citizens.

“By Economics principle, we have adjusted our expenditure profile consumption to particular items. We have moved from consuming luxury and unnecessary items to necessary items.

“This means people go for what is necessary and do away with those that are not,” he said.

Ijaiya affirmed that in the long run, the fuel pump price will adjust downward and there would be more supply of the products.

He further added that when there are more supply of a particular product in the market, it will automatically reduce the price.

“If we have enough supply, with time and there are no other man-made distortion that has to do with our behaviour, I see us buying it between N80 and N100 per litre,” he predicted.

The economist also foresee filling station advertising and competing for sales, saying it will be good for the nation.

He, however, cautioned that “we are in an uncertain world”, but maintained that fuel subsidy removal would be good for the country eventually as only a minority are benefiting from it.

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