President Buhari To Launch ERGP 2017-2020

Buhari Extends Return To NigeriaNigeria’s President, Muhammadu Buhari, will formally launch the Economic Recovery and Growth Plan (ERGP) 2017-2020 on Wednesday, April 5.

A statement issued on Tuesday by the President’s spokesman, Mr Femi Adesina, revealed that the ceremony will take place at the Council Chambers of the Presidential Villa in Abuja, the Federal Capital Territory.

The statement explained that the launch is “in furtherance of the current administration’s drive to sustain and build on the successes so far recorded in tackling corruption, improving security and revamping the economy.

“The Medium-Term ERGP, which had been approved by the Federal Executive Council (FEC), has amongst its broad strategic objectives: restoring sustainable, accelerated inclusive growth and development; investing in the people; and building a globally competitive economy”.

The ERGP, which unveils a road map for Nigeria’s economic recovery, growth and sustainable development, was made public on March 7, while President Buhari was on his medical vacation in the United Kingdom.

The Media Adviser to the Minister of Budget and National Planning, Akpandem James, had said the ceremonial presentation will take place when the President returns from his vacation.

Reps To Probe FRC Over Corporate Governance Code

Reps To Probe FRC Over Corporate Governance CodeThe House of Representatives has ordered its Joint Committee on Delegated Legislation and Public Accounts to carry out a public hearing on the activities of the Financial Reporting Council (FRC) of Nigeria.

The F.R.C. had introduced the Corporate Governance Code which led to the stepping aside of General Overseer of the Redeemed Christians Church of God, Pastor Enoch Adeboye.

The new regulation pegged the leadership tenure for religious leaders at 20 years.

The House took the decisions after considering a motion sponsored by Minority Leader, Representative Leo Ogor, who described the Council’s action as unconstitutional.

Jim Obazee
Former FRC Executive Secretary, Jim Obazee

Representative Ogor accused the Council of usurping the powers of the National Assembly, wondering where the Council derived its powers as encapsulated in the Code of Corporate Governance for the bodies, without the approval of the Legislature.

The House at its plenary asked the Council to suspend the code while the panel investigating its activities is expected to submit a report within four weeks.

President Muhammadu Buhari, on Monday, sacked the Executive Secretary of the Financial Reporting Council of Nigeria (FRN), Mr. Jim Obazee, and ordered the reconstitution of its board.

The President consequently appointed Mr Daniel Asapokhai as the new Executive Secretary and Mr Adedotun Sulaiman as the new chairman of the council.

 

Adedotun Sulaiman
New FRC Chairman, Mr Adedotun Sulaiman

President has also instructed the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, to invite the 19 Ministries, Departments and Agencies of the Federal Government and private sector organisations specified in the FRC
Act to nominate members of board of their councils.

FG Suspends Corporate Governance Code

FG Suspends Corporate Governance CodeThe Nigerian government has suspended the law that forced Pastor Enoch Adeboye to step down as the General Overseer of the Redeemed Christian Church of God (RCCG) in Nigeria.

According to a statement signed by the media aide to the Ministry of Industry, Trade and Investment, Constance Ikokwu, the law has been suspended in order to review it.

The Financial Reporting Council of Nigeria under Mr Jim Obazee, had directed not-for-profit organisations, including churches and mosques to comply with a corporate governance code stipulating a term of 20 years for heads of such entities.

It was by this provision that Pastor Adeboye, who had spent over 20 years as General Overseer of R.C.C.G, named Pastor Joshua Obayemi to head the church in Nigeria while he remained the global overseer of the church.

The statement quoted the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah saying that the government remains committed to restoring and enhancing market confidence and improving the ease of doing business in Nigeria.

Before the announcement by the Ministry, Presidential spokesperson, Mr Garba Shehu, announced President Buhari’s approval of the immediate removal of the Executive Secretary of the Financial Reporting Council of Nigeria (FRN), Mr. Jim Obazee, as well as the reconstitution of its board.

The President consequently approved the appointment of Mr Daniel Asapokhai as the new Executive Secretary and also appointed Mr Adedotun Sulaiman as the new chairman of the council.

Buhari Removes Jim Obazee, Reconstitutes FRC Nigeria Board

Buhari Removes Jim Obazee, Reconstitutes FRC Nigeria BoardPresident Muhammadu Buhari has approved the immediate removal of the Executive Secretary of the Financial Reporting Council of Nigeria (FRN), Mr. Jim Obazee, as well as the reconstitution of its board.

The President consequently appointed Mr Adedotun Sulaiman as the new chairman of the council.

Mr Sulaiman is a former Managing Partner/Director of Arthur Anderson and later, Accenture.

He is a chartered accountant and a product of the University of Lagos and Harvard Business School.

President Buhari has also approved the appointment of Mr Daniel Asapokhai as the Executive Secretary.

Adedotun Sulaiman
New FRC Chairman, Adedotun Sulaiman

Mr Asopokhai is a partner and a financial reporting specialist at the PricewaterhouseCoopers (PWC), Nigeria.

He is also a product of the University of Lagos and the University of Pretoria.

The President has also instructed the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, to invite the 19 Ministries, Departments and Agencies of the Federal Government and private sector organisations specified in the FRC
Act to nominate members of board of their councils.

The directive was contained in a statement issued on Monday by the President’s spokesman, Mr Garba Shehu.

NERC Job: Professor Akinwande To Honour Screening After MIT Clearance

NERC, Professor Akintunde AkinwandeNominated Chairman of Nigerian Electricity Regulatory Commission (NERC), Professor Akintunde Akinwande, says he will honour an invitation for screening by the Nigerian Senate after clearing with his current employer, Massachusetts Institute of Technology (MIT), USA.

A statement by the President’s spokesman, Femi Adesina, disclosed that Professor Akinwande had said he did not turn down the offer by President Muhammadu Buhari.

According to Adesina, the declaration is contained in a letter dated October 26, 2016, addressed to the Chairman of the Senate Committee on Power, Steel Development and Metallurgy, Senator Enyinnaya Abaribe and sent through the Special Adviser to the President on National Assembly Matters, Senator Ita Enang.

The letter reads in part: “News reports in Nigeria that I have rejected President Buhari’s nomination to be Chairman of Nigerian Electricity Regulatory Commission have been brought to my attention.

“I have the greatest respect for President Buhari. I am fully behind the change he has brought and is bringing to the way government business is conducted in Nigeria.

“I am deeply honoured that Mr President and his team thought me worthy for this important national assignment and sought me out for it.

“I am a tenured professor of electrical engineering at the Massachusetts Institute of Technology.

“As such, I am contractually constrained to seek formally the consent of the university for a leave of absence before presenting myself to the Senate for screening and if confirmed take on the assignment.”

Professor Akinwande apologised to the Senate Committee for not showing up for the screening process scheduled for Tuesday, October 25, noting that it was not out of disrespect for the institution.

The academic said he would be available for the screening after clearance from the MIT.

Nigerians Very Supportive Of Anti-Corruption Campaign – Buhari

buhari, Anti-CorruptionPresident Muhammadu Buhari says his administration is greatly encouraged by the uncommon support from Nigerians in the fight against corruption, as well as initiatives aimed at stimulating the economy.

Speaking in an interactive session in Berlin with representatives of the Nigerian Community in Germany, President Buhari said that his administration will reciprocate the gesture by strengthening critical institutions needed for sustainable development and prosperity.

“We are working hard to empower our institutions especially our educational institutions.

“If you educate a person that is the best you can do for him but if not you make him susceptible to religious, ethnic, negative thinking and action.

“Nigerians are virtually supporting us in our fight against corruption, security and the economy. He referred to “Rolls Royces,” recently discovered in the homes of certain government officials as a clear reference of the rot in society and the fact that the war against corruption in the country is working.

“There are things that are happening, which if such had happened before there would have been major riot, like the removal of subsidy on fuel,” he said.

President Buhari told Nigerians in the Diaspora that it was regrettable that over the years, oil marketers had colluded with banks to defraud Nigeria of much needed revenue from the commodity.

“One third of the activities of the oil marketers are fraudulent, you can see how some of us Nigerians are wicked.

“They just take the money, stamp some papers without bringing the product and this fraudulent activity was between bankers and businessmen,” he said.

The President declared that his administration will continue “to be very hard on corruption”, in addition to encouraging more Nigerians to pay their tax.

“If you work hard and get your money we will try and see how much tax you can pay us, but to take money from government and get away with it no more,” the said.

The President used the occasion of his interaction with Nigerians to underscore the importance of his three-day visit to Germany, the largest economy in Europe, noting that he was upbeat on improved trade ties between both countries because of new investment incentives offered by Nigeria.

President Buhari Ends Germany Engagements, Visits Hospitalized Soldier

President Buhari, Germany, BerlinPresident Muhammadu Buhari’s three-day official visit to Germany ended on a compassionate note on Saturday with his convoy veering off its way back to the airport in Berlin, to visit a Nigerian military officer receiving treatment in a Berlin hospital.

The military officer, Brigadier-General Mohammed Sani Aliyu, the Acting Commander of the 3 Division of the Nigerian Army, Jos survived a ghastly road accident in the course of a duty tour in the North-East.

The head of Training and Operations of the Nigerian Army, Major-General Yusha’u Abubakar, who was in the same vehicle was not so lucky as he died in the auto crash on Maiduguri-Damaturu road.

President Buhari, accompanied by the Governors of Borno and Imo, the National Security Adviser, NSA, the Minister of Interior and that of Foreign Affairs congratulated General Aliyu for the progress he has made in his treatment in the last six months in hospital.

The President and his delegation wished him a quick recovery and an early return to his family and duties in Nigeria. He gave a further assurance that his administration will continue to accord priority to the health and wellbeing of service personnel.

Doctors said General Aliyu could barely move his head only when he was stretchered in, with the rest of the body torn and broken in many parts. Now, he can move around with very little assistance.

He thanked the President for his visit, saying his spirit to serve Nigeria remains unbroken.

Buhari Seeks Increase In Trade Between Nigeria And Germany

muhammadu-buhari-on-wife-commentNigeria’s President, Muhammadu Buhari, is seeking increase in trade relations between his nation and Germany.

President Buhari, who addressed a German-Nigeria Business Forum in Berlin where he was on official visit, urged German businessmen to explore different sectors of Nigeria’s economy that had not been opened up.

He told the gathering that a new bank, Development Bank of Nigeria, would soon begin operations to strengthen the government’s economic diversification programme.

Improving Access To Financing

The Nigerian leader explained that the bank, when fully operational, would support small and medium enterprises in the country, by improving their access to financing.

“Our ambitions of creating a diversified and inclusive economy in Nigeria can only be achieved by having a mix of small, medium and large businesses.

“This is why we worked with the German Development Agency, KFW, in designing the Development Bank of Nigeria which will support the small and medium size enterprises both financially and technically to ensure they take their rightful place in the industrialisation value chain.

“I am pleased to announce that Development Bank of Nigeria will be taking off soon and should be a game changer in our economic diversification plans,” he said.

muhammadu-buhari-and-german-joachim-gauck
Muhammadu Buhari and German President Joachim Gauck held talks

President Buhari, who described Foreign Direct Investment (FDI) into Nigeria from Germany as modest, urged prospective investors at the gathering to go beyond the expressions of interest and make binding commitments for trade, investments and industry in the key priority sectors of Agriculture, infrastructure, solid minerals and digital economy.

In a statement by the President’s spokesman, Mr Garba Shehu, Mr Buhari said Nigeria, which recorded a trade volume of $2.96 billion with Germany in 2015, still had a great deal of unexploited potential and room to diversify its exports to Germany and increase overall trade volumes.

“In A Hurry To Develop”

According to the President, trade relations between both countries primarily take the form of oil and gas exports from Nigeria, machinery, vehicles and vehicle parts, telecommunications technology and chemical products in the other direction.

“Nigeria has remained a country of potential. Now we are in a hurry to develop and realise that potential.

“Nigeria is not yet where we would like it to be, but I am confident that the Government and people of Nigeria are determined to create a CHANGE and be where we would like Nigeria to be:

“A major economy, that is subject to good governance on the basis of the rule of law and constitutional order and a responsible member of the international community,” he said.

muhammadu-buhari-and-angela-merkel
President Muhammadu Buhari met with German Chancellor Angela Merkel

President Buhari, who had earlier met with the German Chancellor Angela Merkel and President Joachim Gauck, told the business gathering that “with the successes recorded in the fight against terrorism and the administration’s resolute commitment to the war against corruption, Nigeria is open for business and broader relationship with Germany”.

He had told the German Chancellor that he would continue to press for the release of other girls abducted by Boko Haram members in April 2014.

Twenty-one of the over 200 girls were released on Thursday.

On corruption, he said: “We have boldly set out to bring an end to a culture of impunity and abuse of public trust. Corruption is the reason why we went through years of an oil boom and came out with very little to show in terms of savings or investments.

“Corruption is the reason our military struggled for so long against Boko Haram. Corruption is one of the reasons that in spite of our rich human and natural resources as a country, seventy percent of our population continues to live in poverty.

“Now we have said enough is enough. It is time to make public funds work for the public good. And that is why we are bringing culprits to book and recovering looted funds and assets”.

President Buhari Congratulates Obaseki On Edo Election Victory

ObasekiPresident Muhammadu Buhari has congratulated the government and people of Edo State on the successful conclusion of the governorship election, and the victory of the All Progressives Congress (APC) candidate, Godwin Obaseki at the polls.

The President’s spokesman, Femi Adesina, made this known in a statement on Thursday in Abuja.

“In a telephone call to Governor Adams Oshiomhole, President Buhari commended the well-articulated campaign programme of the APC in the state, the doggedness of the Governor, Governor-elect and party members in going round the state to reach the people with records of good governance over the years and a promise of continuity.

“According to the President, the outcome of the election clearly reflected the mood of the people to sustain the pedigree of responsiveness, forthrightness and diligence that Governor Oshiomhole brought into the service of his people.

“The victory is good for democracy, for Nigeria and the people of Edo State,” he said.

President Buhari said the victory was well-deserved as the campaign train, which he joined, worked hard to sell its people-centered manifesto.

He also applauded the conduct of the Independent National Electoral Commission (INEC), security agencies, corps members and electorate in ensuring a peaceful election.

INEC had announced that Obaseki won the majority of the votes cast, with a total of 319,483 votes, defeating his closest co-contender of the PDP, Pastor Osagie Ize-Iyamu, who polled 253,173 votes.

Adaka Boro Avengers Oppose Arms Mop Up To End Niger Delta Crisis

Adaka Boro Avengers, Niger Delta, MilitantsMembers of the Adaka Boro Avengers say arms mop up exercise in the Niger Delta without dialogue with the militants will not bring lasting peace in the region.

The spokesman for the group, Edmos Ayayeibo, said in a statement that the militant groups in Nigeria’s south-south region have laid down their arms.

He added that the militants are also prepared to dialogue with the Federal Government, to end the crisis in the region.

Ayayeibo described as insincere, the plans by the military to move into camps to dislodge the militants after they had laid down their arms.

Elder statesman, Chief Edwin Clark, has been nominated by the militants as one of those to represent them on the negotiating table with the government.

President Muhammadu Buhari had disclosed that the Federal Government is also open to dialogue to resolve all contending issues in the Niger Delta region.

He, however, said the government does not believe the militants have announced a ceasefire, saying the government was yet to identify their leaders.

“We do not believe that they (the militants) have announced ceasefire. We are trying to understand them more.

“Who are their leaders and which areas do they operate and other relevant issues,” he asked in Kenya.

Buhari Agrees To Swap Boko Haram Prisoners For Chibok Girls

Muhammadu Buhari on Chibok GirlsNigeria’s President has again renewed his commitment to the rescuing of the Chibok girls, saying the government will not give up in the search.

 

Commenting on this via Twitter on Sunday, President Muhammadu Buhari paid glowing tributes to the military for their efforts in the war against insurgency in Nigeria’s northeast.

The President also said he was willing to swap Boko Haram prisoners for the Chibok girls.

But that is on condition that they are able to list those they want released and then come out to discuss with the Federal Government.

He says the Federal Government will want the girls out safe without any harm done to them.

Recently, the Bring Back Our Girls campaigners had called on the President to accept the swap of the Boko Haram prisoners for the Chibok girls who were kidnapped in Borno State two years ago.

The President was in Nairobi, Kenya for the African economic summit which dwells on diversification and advancement of African economies.

Full text of the President’s statement:

Nigeria Ready To Take All Necessary Measures To Free Chibok Girls – President Buhari

President Muhammadu Buhari has reiterated the preparedness of the Federal Government to discuss the release of the Chibok girls kidnapped by Boko Haram terror group since 2014.

In an interview with journalists in Nairobi, Kenya at the weekend, President Buhari said the Nigerian government is ready to dialogue with bonafide leaders of the terror group who know the whereabouts of the girls.

“I have made a couple of comments on the Chibok girls and it seems to me that much of it has been politicised.

“What we said is that the government which I preside over is prepared to talk to bonafide leaders of Boko Haram.

“If they do not want to talk to us directly, let them pick an internationally recognised Non-Governmental Organisation (NGO), convince them that they are holding the girls and that they want Nigeria to release a number of Boko Haram leaders in detention, which they are supposed to know.

“If they do it through the ‘modified leadership’ of Boko Haram and they talk with an internationally recognised NGO, then Nigeria will be prepared to discuss for their release,” he said.

President Buhari, who spoke to the media on the margins of the sixth Tokyo International Conference on African Development (TICAD VI), warned that the Federal Government will not waste time and resources with “doubtful sources” claiming to know the whereabouts of the girls.

“We want those girls out and safe. The faster we can recover them and hand them over to their parents, the better for us.”

The President maintained that the terror group, which pledged allegiance to ISIS, has been largely decimated by the gallant Nigerian military with the support of immediate neighbours from Chad, Cameroon, Niger and Benin.

“Some of the information about the division in Boko Haram is already in the press and I have read in the papers about the conflict in their leadership.

“The person known in Nigeria as their leader, we understand was edged out and the Nigerian members of Boko Haram started turning themselves to the Nigerian military.

“We learnt that in an air strike by the Nigeria Air Force he was wounded. Indeed, their top hierarchy and lower cadre have a problem and we know this because when we came into power, they were holding 14 out of the 774 local governments in Nigeria. But now they are not holding any territory and they have split to small groups attacking soft targets.

On the militancy in the Niger Delta region, the President said the Federal Government is also open to dialogue to resolve all contending issues in the area.

“We do not believe that they (the militants) have announced ceasefire. We are trying to understand them more. Who are their leaders and which areas do they operate and other relevant issues,” he said.

Garba Shehu

SSA to the President (Media & Publicity)

August 28, 2016

 

Herdsmen, Farmers Conflict: Buhari Orders Military Deployment To Restive Communities

herdsmen, farmers conflict in NigeriaNigeria’s President, Muhammadu Buhari, has ordered the deployment of the military to states currently battling to contain conflicts between farmers and Fulani herdsmen.

The deployment is part of measures to end the scourge that had claimed several lives and affected farming activities in the affected states.

According to a spokesman for the President, Garba Shehu, there is a plan to map out grazing areas which has been presented to the governors of the states.

Mr Shehu was a guest on Channels Television’s breakfast programme, Sunrise Daily on Monday.

Visit To China

Muhammadu-Buhari-Arrives-China2
President Muhammadu Buhari being received at the airport in China

On the President’s visit to China and expected gains, he said that Nigerians were anticipating a huge infrastructural development as part of the successes made during the visit.

While giving his opinion on the investments secured by the Nigerian government, Mr Shehu expressed the belief that it was the $6 billion expected foreign investments  secured in the course of the visit, was the biggest feat.

He further explained that China wanted to take Nigeria through how to achieve industrialisation.

“They want to take four (maybe) towns in the country and they want to use them as models for specialised kind of production. That’s how they started their own.

“Something is already happening for instance with Ogun State (the Free Trade Zone), I believe that the Governor of Ogun State, in the course of this trip, signed not less than six agreements and there are even more that are coming,” the President’s spokesman said.

Mr Shehu added that “there will be massive improvement of the infrastructure, using the investment that is coming from China”.

He stressed that a lot of these companies were expected to come in.