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The Senate President, Godswill Akpabio, has urged Nigerians to be patient with President Bola Tinubu, as he labours to fix the economy.

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7 months ago

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Akpabio, who described the economy as “foamy”, said it was left wobbling by the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, whom he alleged created a very big hole in the national treasury.

He said Tinubu inherited a battered economy which he is currently trying to salvage and navigate away from the stranglehold of sleaze and corruption.

The Senate president made the plea at Ikot Ekpene Stadium over the weekend, when his kinsmen from Akwa Ibom North-West Senatorial District hosted him and his National Assembly colleagues in an elaborate welcome reception since taking the Senate Presidential mantle last year.

He recalled that his earlier remarks on Emefiele being the major culprit responsible for failure of the economy, had drawn the ire of the former CBN boss, who took him (Akpabio) to court, but maintained that; “I still stand by my position,” despite the court case.

Expressing optimism and confidence in the economy bouncing back stronger, Akpabio assured that President Tinubu, has the magic wand to retool the economy and put it back on the trajectory of growth as he did as governor of Lagos State which became one of the most bouyant economies in Africa.

He said the knowledge and political ingenuity of three former governors, namely Tinubu as President; Kashim Shettima, former Borno State Governor (Vice President) and himself, as former Akwa Ibom State governor, will help the country return to the right economic path.

He assured the people of the state, the South-South region and the country, of all – round federal presence, assuring that the coastal road coming all the way from Lagos to Calabar, would cut across various states in the South West, South East and the South South political zones, with attendant socio -economic developments.

The Senate President also assured the host governor, Pastor Umo Eno, of the Deep Seaport, and other federal government projects and urged him to liaise with the managing director (MD) of the Niger Delta Development Commission (NDDC), Chief Samuel Ogbuku, to extend the ongoing road project from the neighbouring Abia State to Ini, Ikono, Ikot Ekpene to connect Uyo, the State tate capital.

“You have asked for Seaport, you will not only get Seaport, you will get roads, flyovers, and other federal projects, and we are going to do this because of you,” he stressed.

He however urged the governor to live above board as a Pastor, to which the governor agreed.

However, governor Eno, who joined others to welcome Akpabio, thanked President Tinubu, for finding an Akwa Ibom son fitting for the exalted position of number three citizen, and pledged to work with the centre, in spite of political party differences to bring development to the state.

He, therefore, appealed to the Senate President, not to truncate the governorship succession plan laid down in the State by successive approximations since the return of democracy in 1999, by allowing him to see through his eight years as was the case of Obong Victor Attah (1999-2007); Chief Godswill Akpabio (2007 -2015) and Mr. Udom Emmanuel (2015-2023).

Deputy Senate President, Jibrin Barau, and the Deputy Speaker of the House of Representatives, Benjamin Kalu, extolled the leadership virtues of Senator Akpabio.

 

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Politics

House Approves 2025-2027 MTEF

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4 hours ago

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November 27, 2024

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House Approves 2025-2027 MTEF
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The House of Representatives has passed the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2025 to 2027 as submitted by President Bola Tinubu.

This followed the consideration and approval of the recommendations of the Joint Committee on Finance and National Planning which laid its report at Wednesday’s plenary.

The House adopted the projected oil benchmark prices pegged at 75 dollars per barrel for 2025, as well as 76.2 dollars and 75.3 dollars per barrel for 2026 and 2027.

Domestic Crude Oil Production Projections for 2025 is put at 2.06 million barrels per day representing a significant increase from 1.78 million barrels per day in the current year.

GDP growth rate is projected at 4.6, 4.4 and 5.5 percent for 2025 to 2027, respectively, while the projected exchange rate is pegged at 1,400 Naira to the US Dollar for years 2025, 2026 and 2027

The MTEF projections aim towards a realistic and sustainable foundation for Nigeria’s budget planning over the next three years.

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President Bola Tinubu has departed Abuja for Paris on a state visit in honour of an invitation from President Emmanuel Macron.

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7 hours ago

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November 27, 2024

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President Bola Tinubu has departed Abuja for Paris on a state visit in honour of an invitation from President Emmanuel Macron.
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The president is on the trip alongside first lady, Oluremi.

They were seen off by top government functionaries led by secretary to the government of the federation, George Akume, chief of staff, Femi Gbajabiamila.

The presidential zero-one-one air plane took off at about twenty minutes past eleven this Wednesday morning.

A statement by the presidential adviser on information and strategy, Bayo Onanuga reveals that, the Nigerian leader’s three-day visit, which will focus on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, promises significant benefits for Nigeria.

President Tinubu and his wife, are expected to be received on Thursday at the French military museum, Les Invalides and Palais de l’Élysée, by the host president, Macron and his spouse, Brigitte, for initial ceremonies that will dovetail into bilateral meetings.

The two presidents are also to harmonise positions on stimulating more interest in exchange programmes that focus on skill development for youths and improving their competencies in automation, entrepreneurship, innovation, and leadership.

Both leaders will witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.

Wife of the host president, Brigitte and Nigeria’s First Lady are also scheduled to discuss the Renewed Hope Initiative and the interest for empowering women, children, and the most vulnerable in Nigeria.

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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS

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9 hours ago

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November 27, 2024

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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS
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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS

President Bola Ahmed Tinubu has approved the appointment of Jami’u Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters.

A statement by Segun Imohiosen, Director, Information & Public Relations Office the
Secretary to the Government of
the Federation says the appointment takes effect from 14th of this month. It adds that the appointment is in line with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended.

It notes that until the appointment, Jami’u served as the Special Assistant to the President on Special Duties in the Office of the Vice President.

President Tinubu tasks the appointee to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new assignment.

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