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President Tinubu’s economic diplomacy Flourishing – Federal Gov’t 

 

 

Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, says the economic diplomacy carried out by President Bola Tinubu around the world is generating the desired results.

The Minister said this while briefing State House Correspondents after a meeting with the president in Lagos on Sunday.

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Edun said the president had embarked on fruitful economic diplomacy on all the continents: Brazil in South America; China and India in Asia as well as Germany and France in Europe, and elsewhere.

He said, as a follow up on economic diplomacy, he led a delegation to Riyadh, Saudi Arabia, recently, to ensure the success of the developing relationship between him and Mohammed bin Salman, the Crown Prince.

The News Agency of Nigeria (NAN) reports the delegation included Sen. Abubakar Bagudu, the Minister of Budget and National Planning and Mr Wale Tinubu, a member of the Presidential Economic Coordination Council.

Others were: Ms Sanyade Okoli, Special Adviser to the President on Finance and the Economy and Mr Muhammad Abdullahi, Deputy Governor, Central Bank of Nigeria (Economic Policy).

The delegation held talks with Saudi EXIM Bank, the Saudi Development Fund and the Saudi Agricultural and Livestock Investment Company (SALIC) to advance ongoing conversations about their investments in Nigeria.

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“Twice in the last year, Mr President has been in Saudi Arabia, had meetings with the Crown Prince and talked about trade, economic cooperation, financial cooperation and collaboration.

“We just followed up on some of those leads across the various opportunities for foreign direct investment, trade partnerships and for even financial investment,” said Edun.

He said the Saudi Agricultural Livestock Investment Company had on December 23 increased its investment in Olam by $1.2 billion.

Edun said the president had taken steps to stabilise the Nigerian macroeconomic environment to encourage such investments in the country.

The minister said the takeaways from the visit included prospective investments, foreign exchange and jobs for Nigerians.

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“If you look at the demographics of Saudi Arabia, to the extent that they are investing abroad, they are not going to be exporting their people, they’re not like some of the other big, populous countries of Asia.

“So, clearly, where they invest, that is jobs for Nigerians. That’s the simplest way I would put it.

“The Olam transaction was a long time in the works; it was first discussed at the first Business Council Meeting held last year in Saudi Arabia, and it materialised this year,” said Edun.

Also speaking with State House correspondents, Bagudu said the Saudis saw in Tinubu somebody who was changing his country, just like they had transformed their own country.

He said Salman, the Crown Prince of Saudi Arabia, was faced with a people who believed they were wealthy, and felt entitled.

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“He came as a leader and he said, well, you might be rich, you might be entitled, but our economy is not passing the right direction.

“So, he introduced reform measures, which were unusual then in Saudi Arabia; removal of oil subsidies, introduction of VAT legislation, among others.

“I have a receipt here, when I ate food, I noticed that the VAT was 15 per cent. But today, Saudi Arabia is turning into a wonderland, an amazement in investment; money is flowing,” said Bagudu.

According to him, the Saudis appreciate Tinubu, who is facing a greater challenge, but yet took on those reforms.

“You can see clear confirmation that they want to stand by this leader, because he has taken risks that are unusual and they celebrate his courage and capacity.

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“For me, that is the number one achievement for our country. The relationship will blossom such that our reserves and our economic ties will improve with the kingdom,” he said.

Bagudu said he was confident that more investments would follow the engagements of the Nigerian delegation to Saudi Arabia.

On the prospects of the economy in 2025, he said the economy had turned the corner.

“I think we have made the tough choices, we have seen the worst we could see and is not unexpected.

“So, what we expect to see in 2025 is a better economy, lower inflation, more employment opportunities, more support for businesses, more infrastructure development.

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“We also expect more funding of security and better security, and all those priority areas; human capital development, education, health.

“We’re sure to see more in that direction, and the quality of life will get better,” Bagudu said. (NAN) 

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30 bodies of Residents killed by suspected Ritualists found inside river –Monarch

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30 bodies of Residents killed by suspected Ritualists found inside river –Monarch

Over 30 unidentified bodies of suspected ritual killing victims have been found on Imo River in Oriendu autonomous community, Umuahia North local government area of Abia State since last year.

The traditional ruler of the community, HRH Eze Philip Ajomiwe, stated this while speaking with LEADERSHIP Sunday in his palace after the body of a woman was found

“The bodies, like the recent one, are either completely naked and without their private parts or in a bag. There’ve also been cases of two decomposing bodies seen beside the NNPC pipeline,” he said.

Explaining that there had not been any arrests since then by the security agents, he expressed concern that the situation was getting out of hand and had created fear in and around the community.

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According to the monarch, efforts by the community’s vigilante group to arrest the suspects had failed too, because the group is not as equipped as the suspects are said to be.

“So, we’re appealing to the state government to empower the vigilante group with the necessary logistics and the wherewithal to enable it to match the suspects,” he said.

He argued that nobody ever embarks on such a mission with empty hands especially when the enemy is fully armed with sophisticated weapons and is ready to fight back.

He asserted that his complaints about the situation to the agents had been to no avail, noting that the latest was a letter to the speaker of the State House of Assembly on February 7.

The monarch, who appreciated the government’s upward review of monthly stipends of the traditional rulers, however, noted that the amount is not enough for them to handle insecurity.

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He maintained that as the monarchs do not have security votes like the governor to equip their communities’ vigilante groups, the communities need the intervention of the government for peace and security.

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Two Reverend Fathers abducted by suspected gunmen CP reacts, vows swift action

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Two Reverend Fathers abducted by suspected gunmen CP reacts, vows swift action

The kidnapping of Reverend Father Abraham Samman from the Jalingo Diocese and Reverend Father Mathew David Dusami from the Yola Catholic Diocese has been harshly denounced by CP Dankombo Morris, the Commissioner of Police in Adamawa.

The two pastors were kidnapped early on February 22, according to a statement issued on Saturday by SP Suleiman Nguroje, the Command’s spokesperson.

The public was reassured by CP Morris that security personnel had been called in to guarantee the safe return of the priests who had been abducted and to prosecute those responsible.

“The unfortunate incident occurred at the priest’s residence situated at Gwaida Malam, in Numan local government of Adamawa State.

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“The kidnappers, armed with offensive weapons, arrived at the victim’s house around 4:00 a.m and whisked them away.

“The CP in concerted effort to rescue the victims, has deployed the command’s operational and manpower assets to give a hot chase to the kidnappers, rescue the victims unhurt, apprehend the perpetrators and their collaborators if any,” he said.

He stated that the command’s ongoing efforts will undoubtedly ensure that the perpetrators, along with anyone involved, are held accountable and face the full force of the law.

He further highlighted the command’s unwavering commitment to protecting lives and combating all forms of violent crime in the state.

“This unprovoked kidnapping of religious leaders is totally unacceptable as they are not only stakeholders but also people who are actively working to promote peace in the society.

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“The command, while appealing for calm, therefore, seeks the support and cooperation of the general public to give useful and timely information that will aid its quest to rescue the victims and apprehend the criminals,” he stated.

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REVEALED; Why ex–President Buhari stayed away from Babangida’s book launch in Abuja

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REVEALED; Why ex–President Buhari stayed away from Babangida’s book launch in Abuja

Jonathan Vatsa, the former Commissioner for Information, Culture and Tourism in Niger State and a prominent chieftain of the All Progressives Congress (APC), has expressed little surprise at former President Muhammadu Buhari’s decision to skip the public presentation of General Ibrahim Babangida’s autobiography, ‘The Journey of Service’, in Abuja on Thursday.

Vatsa suggested that Buhari’s absence was rooted in lingering resentment over the 1985 coup that ousted him from power.

Speaking to reporters in Minna on Saturday, Vatsa emphasized that he would not rush to comment on the book, as he had already read it. He quipped that it would have been a world-changing event if Buhari had attended the launch.

Vatsa went on to allege that the memory of what he called the “mother of all betrayals” — referring to his detention by Babangida after the coup, which prevented him from bidding farewell to his late mother — still haunts Buhari.

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The event, which took place in Abuja, was attended by a host of distinguished personalities, including President Bola Ahmed Tinubu, former Presidents Olusegun Obasanjo and Goodluck Jonathan, military heads of state Yakubu Gowon and Abdulsalami Abubakar, as well as leaders from other African nations such as Ghana’s Akufo-Ado and Sierra Leone’s Ernest Koroma. Prominent Nigerian figures such as former Vice Presidents Atiku Abubakar, Yemi Osinbajo, Namadi Sambo, traditional rulers, and state governors were also in attendance.

Vatsa further reflected on his previous statements about Buhari’s disregard for Niger State during his two terms in office, reiterating that he had been vindicated by Buhari’s absence, despite the state’s overwhelming support for him in both of his presidential campaigns.

According to him, “the whole world knows that Niger State was made a scapegoat by former President Buhari because of IBB. For eight years he did not pay any serious official visit to the state, and no single federal project was executed in the state. The Baro port project, which recently generated some political heat in the state, was abandoned by Buhari, including all the federal road projects across the state.

“The people of the state were made to pay for sin they know nothing about. It was the case that when two elephants fight, the grass suffered. He sidelined the state just because of the sin of one person.”

When asked to comment on the book that has continued to generate reactions across the country, the former publicity secretary of the APC in the state said that he will comment on the book after digesting all the contents, stressing that “there are things that I am expecting from the book, so you people should wait until I read it, I will invite all of you when I am ready to comment on the book”, he added

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