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  • FG sues Facebook over violation of advert law, seeks 30bn penalty

    FG sues Facebook over violation of advert law, seeks 30bn penalty

    The Advertising Regulatory Council of Nigeria(ARCON) said it has lodged a suit against Meta Platforms Incorporated (owners of Facebook, Instagram and WhatsApp platforms) and its agent AT3 Resources Limited at the Federal High Court, Abuja Judicial Division.

    According to a statement on Tuesday by the apex regulatory body for Nigeria’s advertising ecosystem, ARCON is seeking a declaration among others that the continued publication and exposure of various advertisements directed at the Nigerian market through Facebook and Instagram platforms by Meta Platforms Incorporated without ensuring the same is vetted and approved before exposure is illegal, unlawful and a violation of the extant advertising Law in Nigeria.

    ARCON stated that Meta Platforms Incorporated’s continued exposure of unvetted adverts had also led to loss of revenue to the Federal Government.

    ARCON is seeking N30bn in sanction for the violation of the advertising laws and for loss of revenue as a result of Meta Incorporated’s continued exposure of unapproved adverts on it’s platforms.

    The statement read in part, “ARCON reiterates that it would not permit unethical and irresponsible advertising on the Nigeria’s advertising space.”

    According to ARCON, the Council is not regulating the online media space. Rather, it’s focus is on advertising and marketing communications on the online platforms in line with its establishment Act.

    (Sun)

  • 2023: We support power shift to S-East — Ohanaeze

    2023: We support power shift to S-East — Ohanaeze

    The apex Igbo socio-cultural organization, Ohanaeze Ndigbo Worldwide, Ebonyi State branch, yesterday, stated that it is in total agreement with the Yoruba socio-cultural organization, Afenifere, as it concerns power shift to South East geopolitical zone in the 2023 general elections.

    The President, Ebonyi State branch of Ohanaeze Ndigbo Worldwide, Dr. Peter Mbam who stated this at a news conference in Abakaliki, expressed dis-satisfaction over the way and manner the present Nigeria had treated Ndigbo as second class citizens.

    “We still want to be in Nigeria. But we want a Nigeria where we will not be treated as second class citizens.”

    According to him, “Ohanaeze Ndigbo as the name implies is responsible for the protection of Ndigbo Worldwide. There’s no part of the world that you will not find an Igbo man or Igbo people. We work with government at all levels: FG, State and Local Governments. We are there to ensure that the citizens get what they expect from the leadership of the country.

    “We want to make sure that their religious, economical and political interests, among others are secured.

    “In Nigeria, Ohanaeze supports all agitations that support the interest of Ndigbo.

    “The first six key positions in the country don’t have an Igbo man. We are in support of all agitations of all groups that are against the marginalization of Ndigbo.We advocate for lawful approach in solving problems. We believe in diplomacy and round table approaches. We do not support any violent approach. We don’t support Ndigbo to leave Nigeria presently.

    “We have taken time to appraise what our governor is doing in this state and having gone round the three zones of the state, it is clear that the governor needs commendation.

    “We inspected nine key projects and came to the conclusion that Umahi has performed beyond imagination. We were not anticipating what we saw on ground. Therefore, we will provide enabling environment for him to succeed and do more for Ebonyi people.

    “We looked at the governor’s security architecture and discovered that Ebonyi is the only state where you can sleep with your two eyes closed. We appreciate the governor’s emphathy and sympathy for the less privileged in Ebonyi.”

    (Vanguard)

  • JUST IN: Mbaka not removed from Adoration Ministry – Catholic Secretariat of Nigeria

    JUST IN: Mbaka not removed from Adoration Ministry – Catholic Secretariat of Nigeria

    The Catholic Secretariat of Nigeria (CSN) has explained that the spiritual leader of the Adoration Ministry, Enugu, Rev Fr Ejike Mbaka, was not removed from the Adoration Ministry as many reports had suggested.

    Director of Communications, Enugu Catholic Diocese, Rev Fr Ben Achi, explained to the Catholic Secretariat of Nigeria (CSN) on Monday, that he (Fr Mbaka) was only directed by the Diocese to propose a Priest to administer, in the interim, to the faithful at the Adoration Ministry.

    Fr. Achi explained: “since it was recommended that Fr. Mbaka takes time away in solitude in order to listen to what the Spirit of God has to tell him, he was allowed to propose a priest to administer in the interim to the faithful at the Adoration Ministry.

    “With the approval of his Bishop, on Sunday, 2nd October 2022, Fr Mbaka introduced Fr. Anthony Amadi to the worshippers. Unfortunately, some people were still not pleased and would prefer that Fr. Mbaka remains.

    “What every true Christian, and especially every true Catholic should do at this moment is to commit our dear brother and priest, Fr. Mbaka, to God in prayer so that he may, through this moment, encounter God and come out stronger and better in recognizing God’s will for him and also gain more graces to channel those rare gifts for His glory and for the sanctification of the people of God and society at large.”

    Fr Achi maintained that the Catholic Church in Enugu Diocese and beyond loves Fr Mbaka and cherishes him as an illustrious son, and prayed that Mother Mary, the Queen of all Apostles, intercede for him.

    (Sun)

  • 2023: In last minute deal, PDP, Atiku to cede Senate presidency to Southwest, Southeast for SGF

    2023: In last minute deal, PDP, Atiku to cede Senate presidency to Southwest, Southeast for SGF

    The opposition Peoples Democratic Party (PDP) has reportedly struck a last-minute power-sharing deal with the Southwest to shore up support for its presidential candidate, Abubarkar Atiku, in the region.

    AtikuA top member of the PDP National Working Committee, NWC, who spoke with Vanguard in confidence, said that the party’s presidential candidate, Atiku Abubakar in a new regime of concessions, “has agreed that Southwest should produce the next Senate President.

    “Also, to give further bite for a possible inroad into the southeast, the position of Secretary to the Government of the Federation (SGF) has been zoned to the region.”

    Recall that the new development is coming on the heels of the boycott of the inauguration of the Presidential Campaign Council by prominent leaders of the PDP from the Southwest.

    Also, there is the alleged financial scandal in the party with the return of funds by some  National Working Committee members.

    Governor Seyi Makinde of Oyo State, who is the only PDP governor from the southwest, alongside other influential leaders, had stayed away from the unveiling of the council which coincided with the launch of books in honour of Atiku.

    The source, a former member of the party’s NWC, admitted to Vanguard that the coincidence of the two developments, boycott of the campaign Council and the return of the funds, was disturbing to the party.

    According to him, “to say that the issues are not disturbing is to be delusional; the coincidence was shocking and meant to destabilise us, but we will overcome.

    “The national chairman had to cut short his medical leave and return so that the issues could be addressed because the development has really affected the southwest more.

    “And quite frankly, Ayu, our presidential candidate and a few others have met over the weekend to review earlier power equations and permutations in order to strengthen weak areas.

    “For instance, earlier before now, the plan was for the SGF to come to the southwest with the Speakership going to the southeast.

    “But from all indications, the southeast power brokers within the party are more interested in the position of the SGF.

    “Incidentally, those of us who believe in the Atiku Presidency is of the opinion that the party must review its earlier stance of zoning the Senate President slot to the northwest.

    “So at it is now, it is the southwest that will produce the next Senate President because the earlier position of northwest would have empowered a section too much; there must be balance.”

    (Vanguard)

  • Ousted Burkina Faso’s military leader lists conditions to resign after coup

    Ousted Burkina Faso’s military leader lists conditions to resign after coup

    Burkina Faso’s ousted military leader Paul-Henri Sandaogo Damiba has agreed to resign two days after army officers announced the country’s second coup.

    Al Jazeera reports that Mr Damiba “offered his resignation in order to avoid confrontations with serious human and material consequences” on Sunday.

    Mr Damiba provided “seven conditions” for his resignation. These conditions include a guarantee of security for his allies in the military, “a guarantee of his security and rights”, and assurance that the new military leaders will respect the pledge he gave to West Africa’s regional bloc for a return to civilian rule within two years.

    The Citizen reported, based on unnamed diplomatic sources, that Mr Damiba had fled to Togo’s capital Lome on Sunday.

    Last Friday, Peoples Gazette reported soldiers on the streets and heavy gunfire near the main military camp and residential areas of Burkina Faso’s capital. Explosions were also heard near the presidential palace.

    Captain Ibrahim Traore then announced that he had ousted Mr Damiba, dissolved the government and suspended the constitution and transitional charter. He said a group of officers decided to remove Mr Damiba over his inability to deal with a worsening Islamist insurgency.

    This is the second coup seen by the African country since January. On January 22, police in the capital Ouagadougou clashed with protesters at a banned protest over the government’s handling of its insecurity concerns which it has battled since 2015.

    On January 24, President Roch Marc Christian Kabore was arrested by soldiers after gunshots were heard near his private residence.

    In February, Coup leader Paul-Henri Sandaogo Damiba was inaugurated as president on February 16. In March, the military junta signed a charter establishing a three-year transition period before the country would hold its elections.

    Mr Damiba travelled to New York, where he addressed the United Nations General Assembly. In his speech, Mr Damiba defended his January coup as “an issue of survival for our nation,” even if it was ”perhaps reprehensible” to the international community.

    (Peoples Gazette)

  • 2023: There’s no cause for panic over deferred APC PCC inauguration; starting first doesn’t mean victory –Umahi

    2023: There’s no cause for panic over deferred APC PCC inauguration; starting first doesn’t mean victory –Umahi

    The governor, who is the South-East Chairman of the APC presidential campaign, said there are still many months for campaigns before the presidential election and there is no cause for panic about the deferred inauguration of the APC Presidential Campaign Council.

    Umahi said this on Monday when he featured as a guest on Channels Television’s Sunrise Daily programme.

    He said this in his reaction to questions on the massive rallies of Obi’s supporters popularly known as ‘Obidients.’

    Umahi said, “We have many months to elections and we have many months to campaign. The first to start does not translate to the first to finish. So, the APC is a bank and they are coming up with programmes. It will soon happen.

    Speaking on what he meant by that APC is a bank, the governor clarified that the ruling party is a bank “in terms of mass mobilisation, in terms of acceptability.”

    APC had published a 422-man Presidential Campaign Council list and slated inauguration for September 28 but postponed it indefinitely.

    (Punch)

  • NDLEA discovers Tramadol pills worth N8.8bn in Lagos mansion

    NDLEA discovers Tramadol pills worth N8.8bn in Lagos mansion

    The National Drug Law Enforcement Agency has busted a mansion in the Lekki area of Lagos State where Tramadol was stored.

    NDLEA Spokesman, Femi Babafemi, in a statement on Monday, said the pills recovered from the mansion were no less than 13,451,466 and worth N8.8bn in street value.

    He said the mansion belonged to a billionaire drug baron, Ugochukwu Nsofor Chukwukadibia, who was now in custody.

    The statemt read in part, “The arrest of Ugochukwu, who is the Chairman of Autonation Motors Ltd, is coming barely two months after NDLEA uncovered at least 258.7kg of crystal methamphetamine in a clandestine laboratory in the residence of another drug kingpin in the estate, Chris Emeka Nzewi, who was arrested alongside a chemist, Sunday Ukah, who cooked the illicit drug for him, on September 30.

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    “Following credible intelligence, NDLEA operatives on Friday 30th September stormed the Plot A45 Road 2 home of the 52-year-old billionaire drug kingpin. A search of the expansive mansion led to the discovery of 443 cartons of Tramadol Hydrochloride 225mg, which contains 13, 451, 466 pills of the drug while some cartons were already burnt in a fire incident in the house same day.

    “Before his arrest, Ugochukwu who hails from Ihiala local government area of Anambra state has been on the Agencys watch list as one of those behind the tramadol drug cartel in Nigeria.

    “Preliminary investigation shows that he has about six mansions within the VGC, one of which he uses to warehouse the tramadol consignment, while he lives in the one at Plot Z-130 Road 67 and another as his office.

    “Five exotic vehicles have also been located in two of his mansions, out of which two SUVs including a bullet jeep have been successfully removed to the Agencys facility.

    “Reacting to the latest drug haul, Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (retd.) commended the officers and men involved in the operation for their diligence while also appreciating Nigerians for supporting the Agency in its arduous task of ridding the country of the menace of drug abuse and illicit drug trafficking.”

    (Daily Trust)

  • Pandemonium as church announces Mbaka’s removal from Adoration Ministry; Mbaka sent to monastery

    Pandemonium as church announces Mbaka’s removal from Adoration Ministry; Mbaka sent to monastery

    There was pandemonium at the Adoration Ministries, Enugu, Nigeria, AMEN, Sunday evening, following an announcement that Bishop Callistus Onaga had removed Fr Ejike Mbaka as the Spiritual Director of Amen.

    Fr Mbaka, who personally made the announcement during the Sunday Mass, stated that the bishop had appointed Fr Anthony Amadi as the new Spiritual Director of AMEN, to be assisted by other unmentioned priests.

    “So, while I proceed to the monastery to continue with the remaining disciplinary exercises, as directed; I wouldn’t know how long; but the church has appointed Fr Anthony Amadi, one of us, to be overseeing all affairs of the ministry, to be assisted by other priests, pending my return, by the grace of God,” Mbaka stated.

    Mbaka had earlier explained that the ministry had not fully opened, pointing out that some programmes including the weekly Friday all-night adoration remained suspended till further notice.

    According to him, “our Sunday Masses and Wednesdays’ ‘E No Dey Again’ programmes would continue, while others such as Friday all-night adoration remains suspended”.

    Meanwhile, Fr Amadi, who was present at the Mass, was nearly lynched by angry worshipers after the announcement. The angry mob had already enveloped him before AMEN security personnel rushed to his rescue and guided him to the Father’s house.

    Mbaka had barely mentioned the new priest’s, name when the congregation erupted into, shouting “we say no,” “we say no,” we no gree and started carrying green leaves, thereby forcing Fr Mbaka to quickly conclude the Mass.

    Thousands of faithful had excitedly thronged the prayer center from far and wide following an earlier wide announcement that Bishop Onaga had lifted ban on the ministry.

    They were however left dejected following the latest development.

    A source told our reporter that Fr Mbaka was only allowed to celebrate Mass at the centre so that he would personally make the announcement.

    It would be recalled that Bishop Onaga had slammed a veiled ban on the fiery priest mid June, 2022.

    He had simply announced official prohibition of all Catholic faithful, clergymen and religious from attending all AMEN programmes, a Catholic ministry that was founded and run by Mbaka.

    (Vanguard)

  • IPOB debunks rumors of sit-at-home tomorrow

    IPOB debunks rumors of sit-at-home tomorrow

    The Indigenous People of Biafra (IPOB) has reiterated its position that there would be no sit-at-home tomorrow as its leader, Nnamdi Kanu appears in an Umuahia court.

    A statement by the spokesperson for the group, Emman Powerful debunked speculations that the group had ordered people in the South East to shun public outings on the day.

    Powerful rather explained that the day was supposed to be a day for the leader of IPOB, Nnamdi Kanu to appear at an Umuahia court after his rendition from Kenya, but the group has maintained that he was not appearing in court that day, therefore there would be no sit-at-home.

    “Yes that day is his court date, but he is not appearing in court on that day, therefore, there will be no-sit-at-home that day. We want every Biafran, both home and in diaspora, to ignore such rumours; anybody who is responsible for peddling this kind of falsehood should stop it immediately. IPOB leadership has not authorised such purported order.

    “IPOB is watching those with such mindsets who suffer our people. They will regret their actions soon. Anybody who contributes to the death of our people will pay dearly, whether he or she is a security personnel, civilian, religious leader, man, woman, including the politicians who contribute in small or big measure to ensure that our people incur human and material losses. They will all pay dearly,” Powerful said.

    (Sun)

  • CCB suffers corruption scandal

    CCB suffers corruption scandal

    Code of Conduct Bureau (CCB), created to fight institutional corruption through the scrutiny of assets declaration forms of civil/public service officers, is enmeshed in a series of crises.

    The revelation about alleged corrupt practices perpetrated by its chairman, Mohammed Isah, was opened by the six federal commissioners running the anti-graft agency with him, through petitions submitted to the Senate committee on Ethics, Privileges and Public Petitions.

    The commissioners, led by Emmanuel Attah, had, in the jointly signed petition, alleged the embattled chairman had within the last four years been blocking required investigations on petitions against public officers with multi-million and billion naira assets, not stated in their assets declaration forms.

    On the strength of the allegations, the CCB chairman was to appear before the Senate Committee on Ethics, Privileges and Public Petitions last Friday, but was absent, while five of the six commissioners were present.

    The absence of the CCB chairman, however, made the Chairman of the committee, Ayo Akinyelure, with consent of other members, direct the absentee chairman to appear before them unfailingly on Thursday.

    He said: “The petition before this committee on allegations against the CCB chairman bordering on corrupt practices is worrisome and he must be here to defend himself. The seriousness of the matter lies on the fact that the petitioners are even the six federal commissioners appointed to be working with him in the fight against corruption.

    “The commissioners are here but the chairman who is in the eye of the storm is not here. We have gone through all the issues raised in the jointly signed petition by the commissioners and they are very disturbing if eventually proven.

    “Therefore, for fair hearing, we are re-inviting the chairman to appear before this committee on Thursday, October 6, 2022 unfailingly by 2:00pm for require response or responses from him on all allegations levelled against him in the petition.”

    Speaking to newsmen after the adjourned session, one of the commissioners, Ehiozuwa Agbonayinma, along with others, said they petitioned the chairman to save CCB from self-inflicted incapacitation slammed on it by the chairman.

    According to him, all the commissioners and the chairman, were appointed by President Muhammadu Buhari to help in the war against corruption within the public service itself, at all levels.

    “The chairman based on his conducts, is not ready to fight the war in anyway, but sabotage it by sitting on series of petitions written against corrupt public officers whose assets far outweighs what were declared in the assets declaration forms. The N109 billion loot linked to the now being investigated Accountant General of the Federation, Ahmed Idris, was first reported to CCB through petitions, but prevented from being acted upon by the chairman.

    “We are ever ready to support Mr. President’s war against corruption, but very disturbed by the frustration being thrown into it in CCB by no less a person, than the chairman. We have written petitions against him as declared by the Senate Committee on Ethics, Privileges and Public Petitions here today and want him to meet us face to face before members of the committee for whatever defence he wants to make. Corruption must be killed in Nigeria before it kills us and anybody not ready to join in the fight or war against it, should be shown the way out of public service, particularly those saddled with responsibilities of curbing corrupt practices in the country like CCB,” he said.

    (Sun)

  • [VIDEO] Tinubu releases video of himself on an exercise bike, debunks news of withdrawal from presidential campaign

    The presidential candidate of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu, has debunked news of his withdrawal from the presidential campaign.

    In a 7 seconds video released on his verified twitter handle, Tinubu restated his readiness to serve Nigeria.

    “Many have said I have died; others claim I have withdrawn from the presidential campaign. Well… Nope.

    “This is the reality: I am strong, I am healthy and I am READY to serve Nigerians from Day One”, the tweet read.

    It is believed that Tinubu is in the United Kingdom at the moment.

    Yesterday, the social media was agog with the news that Tinubu would withdraw from the presidential campaign on health grounds as directed by his doctors.

    His absence at the signing of the peace pact by presidential aspirants appeared to have made the public believe the unverified message.

    He was represented by his running mate, Kashim Shettima, making it the second time Tinubu was absent from an important function where other presidential candidates were in attendance, the first being the NBA-AGC.

    See video below

  • INDEPENDENCE DAY SPEECH: Buhari calls on ASUU to suspend strike; says he shares pains Nigerians are going through

    INDEPENDENCE DAY SPEECH: Buhari calls on ASUU to suspend strike; says he shares pains Nigerians are going through

    –Warns against hate speech ahead of 2023 polls

    –Wants more female, youth participation in forthcoming elections

    President Muhammadu Buhari has said that he is pained by the continuous disruptions in tertiary education system in the country.

    Consequently, the President has called on the Academic Staff Union of Universities, ASUU to suspend the over seven months strike and reopen the universities while negotiations and efforts are made towards attending to their concerns within the limit of the available resources.

    President Buhari in his address to mark Nigeria’s 62nd Independence Day Anniversay promised to pursue an electoral system and processes that guarantee election of leaders by citizens.

    He advised all the political parties to avoid hate speech and follow issues-based campaigns.

    He said, “I must confess that I am very pained by the recurring disruption to our tertiary education system and I am using this Independence Day celebration to re-iterate my call for the striking Academic Staff Union of Universities (ASUU) to return to the classroom while assuring them to deal with their contending issues within the limits of the scarce resources available.

    “This administration has made appreciable progress in redressing these issues that have been lingering for over eleven years.

    “The Federal Government will continue to mobilize resources both internationally and nationally towards funding education to ensure that our citizens are well educated and skilled in various vocations in view of the fact that education is a leading determinant of economic growth and employment generation”

    On the security situation in the country, the President said, “I share the pains Nigerians are going through and I assure you that your resilience and patience would not be in vain as this administration continues to reposition as well as strengthen the security agencies to enable them to deal with all forms of security challenges.”

    Ahead of the 2023 general elections, he said, “Fellow Nigerians, no matter what gains we make, without a good governance system anchored on electing credible leaders on the basis of free, fair, credible and transparent elections, our efforts would not be enough.

    “It is for this reason that I have resolved to bequeath a sustainable democratic culture which will remain lasting. The signing of the Electoral Act 2021 as amended with landmark provisions further assures us of a more transparent and inclusive Electoral Process.

    “Having witnessed at close quarters, the pains, anguish and disappointment of being a victim of an unfair electoral process, the pursuit of an electoral system and processes that guarantee election of leaders by citizens remains the guiding light as I prepare to wind down our administration.

    “You would all agree that the recent elections in the past two years in some states (notably Anambra, Ekiti and Osun) and a few federal constituencies have shown a high degree of credibility, transparency and freedom of choice with the people’s votes actually counting. This I promise would be improved upon as we move towards the 2023 General Elections.

    “As we begin the transition process to another democratically elected government, I want to implore all aspirants to conduct issues-based campaigns devoid of hate speeches as well as other negative and divisive tendencies.

    “I also want to express my wish that we see more female and youth participation in the forth-coming electoral cycle. I am sure that our teeming and energetic youths now realise that violence generally mar elections and so should desist from being used by politicians for this purpose.

    “Reforms in the public sector are already yielding results especially in the delivery of services. On this note, I urge the general public to demand for citizen-centred services from the relevant authorities.”

    Continuing he said, “Fellow Nigerians, I address you today, with a deep sense of gratitude to God and a high level of appreciation to all Nigerians whose tremendous goodwill gave me the opportunity to provide leadership for our great country at one of the trying times in her history.

    “Conscious that today’s address would be my last on an Independence Day as your President; I speak to the millions of Nigerians, who believed in me, propelled and stood by me in my quest to bequeath a country where all citizens have equal opportunities to achieve their lives desires in a peaceful atmosphere.

    “I am honoured to say that my story in the annals of Nigeria’s history is no household secret. My various attempts, failures and eventual success in being elected as a Democratic President in 2015 was made possible by the majority of Nigerians.

    “When you elected me, I readily acknowledged that the tasks before me were daunting but surmountable because of the growing national consensus that our chosen route to national development was democracy.

    “This democracy was to be anchored on a clear understanding, application and the principles of separation of powers supported by a reformed public service that is more effective.

    “I then pledged to Improve the Economy, Tackle Corruption and Fight Insecurity and this was further strengthened by my commitment to lift 100 million Nigerians out of poverty in ten years as the central plank of my second term in 2019.

    “To the Glory of God and His Grace as well as the commitment and passion displayed by many Nigerian supporters, we have made appreciable progress in these areas but not yet at our destination.

    “Mindful of the task before us, we took some time in settling down and we re-positioned the Economy by providing strategic interventions in core areas at both the Federal and Sub-National levels.

    “One of the areas where we have made significant progress is in the eradication of deeply entrenched corruption that permeates all facets of our national development.

    “We strengthened the Institutions for tackling corruption and also cultivated international support, which aided the repatriation of huge sums of money illegally kept outside the country.

    “The increasing number of prosecutions and convictions, with associated refunds of large sums of money is still ongoing. Furthermore, we would continue to block opportunities that encourage corrupt practices.

    “In order to address Insecurity, we worked methodically in reducing Insurgency in the North East, Militancy in the Niger Delta, Ethnic and Religious Tensions in some sections of Nigeria along with other problems threatening our country.

    “Our efforts in re-setting the economy manifested in Nigeria exiting two economic recessions by the very practical and realistic monetary and fiscal measures to ensure effective public financial management. In addition, the effective implementation of the Treasury Single Account and cutting down on the cost of governance also facilitated early exits from recessions.

    “Fellow Nigerians, this administration removed several decades uncertainty for potential Investors in the Oil & Gas sector with the passage of the Petroleum Industry Act, 2021. This landmark legislation created opportunities for foreign investments in addition to improving transparency in the management of the sector.

    “Our administration has given the desired priority to the Agricultural Sector through a series of incentives to Micro, Small and Medium Scale Enterprises that resulted in creating millions of jobs. Leading this initiative, the Central Bank of Nigeria’s intervention in a number of areas as well as the Anchor Borrowers Programme had created the required leverages for Nigerians towards self-sufficiency in food and the necessary attraction for farming as a business.

    “The growing contribution of non-oil exports, especially in agriculture, information and communication technology as well as the performing arts to our national economy will enhance our foreign exchange earning capacity.

    “We are confronting current economic challenges such as debt burden, growing inflation, living standards and increasing unemployment accentuated by our growing youthful population. These problems are globally induced and we would continue to ensure that their negative effects are addressed in our policies.

    “This administration will continue to ensure that our fiscal policies are supported by a robust and contemporary monetary policy that recognises our peculiarities in the midst of the growing global economic difficulties.

    “This is evidenced by the recent Monetary Policy Committee decision to maintain all parameters, especially interest rates and marginally increased the Monetary Policy Rate (MPR) from 14% to 15.5% and the Cash Reserve Ratio (CRR) from 27.5% to 32.5%. It is projected that this would further insulate our economy from over exposure to uncertainties at the international market by restraining growth in core inflation.

    “As we continue to de-escalate the security challenges that confronted us at inception of this administration, newer forms alien to our country began to manifest especially in the areas of kidnappings, molestations/killings of innocent citizens, banditry, all of which are being addressed by our security forces.

    “At the inception of this administration in 2015, I provided the funding requirements of the security agencies which was also improved in my second tenure in 2019 to enable them to surmount security challenges. We will continue on this path until our efforts yield the desired results.

    “As we put in place all measures to ensure that Nigeria takes her place in the Comity of Nations, we recognize the importance of a well-educated populace as a panacea to most of the challenges we face.

    “We have, therefore, pursued policies and implemented programmes designed to create a literate and proficient society that ensures that citizens are availed with opportunities for life-long achievements.

    “I must confess that I am very pained by the recurring disruption to our tertiary education system and I am using this Independence Day celebration to re-iterate my call for the striking Academic Staff Union of Universities (ASUU) to return to the classroom while assuring them to deal with their contending issues within the limits of the scarce resources available. This administration has made appreciable progress in redressing these issues that have been lingering for over eleven years.

    “The Federal Government will continue to mobilize resources both internationally and nationally towards funding education to ensure that our citizens are well educated and skilled in various vocations in view of the fact that education is a leading determinant of economic growth and employment generation.

    “Fellow Nigerians, we have also improved our health facilities, especially during and after the outbreak of the COVID-19 pandemic, which attracted commendation of the global community.

    “As you are aware, Nigeria was one of the countries that defied global predictions of the socio-economic impacts of the COVID-19 pandemic because of our resilience, commitment and passion with which we individually and collectively managed the pandemic.

    “This administration embarked on addressing critical ecological challenges across the country in order to mitigate the impact of Climate Change manifesting in the form of flood, soil erosion, desertification, air pollution amongst others

    “We will continue to ensure that our infrastructure drive remains the key to Nigeria’s economic growth and for which every Nigerian will feel the impact.

    “The Federal Government is already expanding ports operations to ensure that they provide opportunities for the growth of the Nigerian economy.

    “We have also continued to accelerate our infrastructure development through serviceable and transparent borrowing, improved capital inflow & increased revenue generation by expanding the tax bases and prudent management of investment proceeds in the Sovereign Wealth Fund.

    “To further open up our communities to economic activities, we have continued to boost our railway infrastructure with the completion of a good number of critical railways and at the same time rehabilitating as well as upgrading obsolete equipment.

    “I am pleased to inform my fellow citizens that besides our emphasis on infrastructural development with its attendant opportunities for job creation, employment generation and subsequent poverty reduction, our focussed intervention directly to Nigerians through the National Social Investment Programme is also yielding benefits.

    “There is hardly any ward, village or local government in Nigeria today that has not benefited from one of the following: N-Power, trader-moni, market moni, subsidized loans, business grants or Conditional Cash Transfers.

    “All the aforementioned programmes along with various interventions by the National Social Investment programme, direct support to victims of flooding and other forms of disasters have provided succor to the affected Nigerians.

    “On the international front, we have continued to take advantage of our bilateral and multilateral platforms to explore cooperation with friendly countries and partners whenever these areas of cooperation are to the advantage of Nigeria.

    “Fellow Nigerians, in the past few years we have witnessed and overcome a good number of challenges that would ordinarily have destroyed our Nation. However, the indefatigable spirit of the Nigerian people has ensured that we overcome our challenges.

    “It is in this spirit that I call on all of us to individually and collectively bring to the fore in dealing with all our development issues.

    “I was called to serve, along with my team, I saw an opportunity to create a better Nigeria which we have done with the support of Nigerians. Almighty God and the good people of Nigeria supported us in laying a solid foundation for the Nigeria of our dreams.”

    (Vanguard)