Connect with us

News

Nigerian Government’s Policies Averted Economic Collapse – VP Shettima

Published

on

Shettima

Vice President Kashim Shettima on Thursday said President Bola Tinubu’s economic reforms of the past one year “saved the life of the nation”.

He described them as necessary given the poor state of Nigeria when he assumed office on May 29, 2023.

“His Excellency, President Bola Tinubu, chose the option that will save the life of the nation instead of one that will merely prolong its imminent and predicted economic death,” said Shettima when he appeared as the guest speaker at the Second Chronicle Roundtable in Abuja.

He explained why the administration acted on the petrol subsidy regime and the foreign exchange market intervention, saying the President chose the harshest but most certain path to recovery.

The VP affirmed that the Tinubu administration does not blame the previous regime for its decisions

Advertisement

Shettimma implored Nigerians to be patient with the administration assuring them that Tinubu is steering the ship of state through economic turbulence and storms he encountered on taking office.

He expressed confidence that the measures taken so far would soon yield the desired results for the nation.

“Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices. Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people,” the VP predicted.

Shettima emphasised that the Tinubu-led government understands the reasons for the steps taken by the immediate past Buhari administration.

Therefore, it does not blame it for the current economic hardship.

Advertisement

“We understood why our predecessor made the decision to remove the subsidy. We do not resort to putting the blame on the previous administration.

“Leadership is about courage, leadership is about continuity, leadership is about taking far-reaching decisions.  Before we took charge, the biggest issue was the fuel subsidy removal. We had to get rid of the subsidy or the subsidy would have destroyed the Nigerian nation, it was a bitter pill to swallow, but necessary.

“The government is a continuum. Whoever succeeded the previous government could either steer the ship through the storm as President Tinubu is doing or let the country implode,” he stated firmly.

Shettima cited Nigeria’s debt-service-to-revenue ratio which rose to 111.18 per cent before Tinubu assumed office describing it as a “an economic death sentence.”

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

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

News

NMDPRA begins clampdown on illegal LPG retail outlets in Akwa Ibom

Published

on

The Nigerian Midstream and Downstream Petroleum Resources Authority says it has commenced a clampdown on illegal LPG retail outlets in Akwa Ibom State.

The state Coordinator, Ikechukwu Eseka, disclosed this on Thursday while receiving the state commandant of the Nigeria Security and Civil Defense Corps, Bakshar Hussaini, in his office on a courtesy visit.

He said, “We have started enforcement of LPG retailers embarking on illegal decanting of LPG, filling stations, LPG refilling plants and other illegal downstream operations in the state.

“We are currently working on the illegal proliferation of decanting of LPG in the state, Eseka stated, adding that gas is very volatile, and some of them are using gas that is not meant for the purpose.”

He said he has directed that gas plant owners should not load gas on people who don’t have licenses NMDPRA in the state, warning that “decanting of gas from cylinder to cylinder is an illegal activity which is punishable by law.”

Advertisement

He also called on marketers to register and renew their licenses before operating LPG in the state.

“We used the opportunity to talk on the aspects of the downstream which has to do with our enforcement, sealing of filling stations and those who are using diesel for industrial purposes that are yet to register with NMDPRA.

“We have also commenced engagement with individuals and organisations using storage tanks that are over 500 litres, to come and register with the Authority in the state,” he added.

Eseka thanked the Commandant for coming to re-strategise and collaborate with the Authority in the state.

Earlier, the State Commandant of NSCDC, Hussaini, explained that the purpose of coming was to collaborate with NMDPRA on how to checkmate indiscriminate decanting of LPG in the state.

Advertisement

“I know with the present situation in the country, a lot of them are going to cry and you have to use human face to handle their cases so that we don’t injure the government and the public themselves,” he said.

He lamented that some people used their houses to sell cooking gas which can cause environmental hazards to the public.

Continue Reading

Politics

Elections in Nigeria: There’ll be no more need for voter cards – INEC

Published

on

INEC

The Independent National Electoral Commission, INEC, has announced plans to phase out the Permanent Voter Cards, PVC.

INEC Chairman, Prof Mahmood Yakubu, made this known at a meeting with the Resident Electoral Commissioners RECs, held at the INEC Conference Room, Abuja on Thursday.

This was part of the identified 142 recommendations released by the Commission which deals with the general state of preparedness, voter management, voter education and public communication, political parties and candidate management.

Other areas of recommendation include electoral operations and logistics management, election officials and personnel, partnership and collaboration, monitoring and supervision, election technology, voting and result management, election security, electoral offences and the electoral legal framework.

The Chairman said there are eight recommendations among the 142 which require legislative action by the National Assembly.

Advertisement

“The Commission also believes that with the introduction of the Bimodal Voter Accreditation System, BVAS, the use of the Permanent Voters’ Cards, PVC, as the sole means of identification for voter accreditation on Election Day should be reviewed.

He, however, said that those who already have the Permanent Voter Cards can still use them to vote.

He added, “But going forward, computer-generated slips issued to the voter or even downloaded from the Commission’s website will suffice for voter accreditation. ”

Yakubu said this new development will save costs and further eliminate the issues around the collection of Permanent Voter Cards.

He also said the practice of buying up the Permanent Voter Cards from voters to disenfranchise them, would be reduced.

Advertisement
Continue Reading

News

BREAKING: Tinubu to present 2025 budget proposal to National Assembly Tuesday

Published

on

President Bola Tinubu is scheduled to present the 2025 proposed budget to a joint session of the National Assembly on Tuesday, December 17, 2024.

The announcement was made by Senate President Godswill Akpabio during a plenary session, revealing that the President has sent a communication to that effect.

“The president has made his intention known to the National Assembly to present the 2025m budget to the joint session of the National Assembly on the 17th of December, 2024,” he said.

The proposed budget, totalling N47.9 trillion, was earlier announced by the Minister of Budget and Economic Planning Atiku Bagudu.

Continue Reading

Trending

Copyright © 2024 Naija Gatekeeper News