Connect with us

Nigeria

Okonjo-Iweala Urges Nigerians to Pick Unity Over Division

Iweala

The Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, emphasized the critical importance of Nigeria overcoming political squabbles and erratic policies that have stifled its progress since independence.

She highlighted that advancing the nation requires united action instead of engaging in a blame game.

Okonjo-Iweala spoke on Sunday at the Nigerian Bar Association Annual Conference held at Eko Hotel, in Lagos, where she delivered a keynote address titled “A new social contract for Nigeria’s future”.

“Nigeria today is not where it should be, and our country has not progressed as it should have.

“For this reason, even after more than 60 years of independence, we continue to talk about nation-building. However, it is crucial that we move away from assigning blame and instead focus on taking tangible steps to address both current and future challenges.”

While saying that Nigerians were not alone in economic hardship, she said, “It’s not in recrimination or even in futile regret, but rather as part of moving our country and advancing its interests. We are living in very difficult times, locally here in Nigeria, but also globally.

“I’m not here to castigate or blame anyone, I’m here to speak to all governments of my country, all political parties, all Nigerians, about a positive way forward for the country,” she said.

Comparing Nigeria with other nations, Okonjo-Iweala emphasized how countries such as South Korea, Peru, and India had surpassed Nigeria in economic growth and development, even though they began from similar positions many years ago.

She cited South Korea’s swift industrialization and Peru’s economic stability as examples of what Nigeria could attain through steady and effective policies.

“Back in the 1960s, Nigeria’s per capita income was comparable to that of South Korea but today, South Korea’s per capita GDP is 20 times higher than ours.”

This stark contrast shows that while other nations have taken bold steps to diversify and grow their economies, we have been left behind,” she said.

Okonjo-Iweala also mentioned that Nigeria’s failure to maintain economic growth was primarily caused by inconsistent policies and a lack of political determination.

“If we look back to the early years of independence, it’s clear Nigeria had what it takes to succeed, and yet we’ve fallen behind countries that were on par with us back then.

“I want to remind people that in the first half of the 1960s, our per capita income in 1960 dollars was roughly equal to that of South Korea, in the neighborhood of 100 to 120 dollars per capita, according to World Bank data. But then South Korea’s growth took off, as it went from exporting primary products like tungsten oil and dried seaweed to manufactured goods.

“Back then it was textiles and footwear, compared to today’s integrated circuits, electronics, ships and autos, not to mention services exports, such as gaming, entertainment, etc., where South Korea is also strong.

“Meanwhile, Nigeria’s export basket went in the opposite direction and became less diversified. In the early 1960s, mining exports made up half of our exports, and food and animal or vegetable oils together about a third, with manufacturers accounting for five to seven percent.

“But since 1974, oil has dominated, often accounting for 97 to 100 per cent of Nigerian exports, with its share rarely dipping below 90 per cent.

“The good news is that our economy itself is quite diversified, and with the capacity to do much more in terms of agricultural exports, critical minerals, services such as entertainment, etc., and I want to commend ongoing efforts by this government to diversify the exports of our country.

“Last year, Nigeria’s per capita GDP was 1,620 US dollars, while South Korea’s was 33,000,” she said.

Okonjo-Iweala also mentioned that Korea’s growth was extraordinary and among the best in the world, yet even countries with less impressive performance had surpassed Nigeria.

“Thailand’s per capita GDP was comparable to Nigeria’s in the early 1970s and is now $7,200. Peru, a country I will come back to, was about even with Nigeria in the early 1980s, but now has a per capita GDP of nearly $7,800.

“Even India, which into the 1990s and 2000s had a per capita GDP well below Nigeria’s, recently surpassed us on that mark and is now $2,484.

“India is now the third largest economy in the world, one of the fastest-growing and modernising economies.

“I cite all these numbers not because GDP is a perfect measure, but because, as Daniel Susskind, a scholar on economic growth at King’s College London, recently put it, and I quote, GDP is correlated with almost every measure of human flourishing.”

She criticized the “not-made-in-my-administration syndrome,” where successive governments fail to build on the successes of their predecessors, leading to economic stagnation.

“To minimise the volatility of economic and social policy and to set our country on a steady growth and development path, Nigeria needs a social contract.

“By this, I mean a fundamental agreement across political parties and society that certain policies and principles are sacrosanct and must not be altered with each change in administration,” she explained.

In his remarks, President Bola Tinubu, who was represented by Vice President Kashim Shettima, reiterated that his administration was working to address the numerous social and economic challenges facing the country.

Tinubu said he was “providing clarity and eliminating the opaqueness that fostered corruption.”

He added, “While I acknowledge the temporal existence of some daunting challenges besetting us as a nation, I want to assure you that this government is poised to address all the developmental challenges facing this country and rest assured that in the fullness of time, this nation shall overcome.

“I want to assure you that this government will continue to uphold top priority to the welfare of the judiciary, to ease avoidable burden on their lordships, and speed up the adjudicatory process which is a sine qua non for social order and economic development.”

The PUNCH

National

65% of Nigeria’s poor people live in North – ActionAid

An analysis of Nigeria’s Multidimensional poverty index by ActionAid Nigeria has revealed that about 65 percent of poor people, that is 86 million people live in the northern part of the country, while 36 percent, nearly 47 million people live in the South.

The analysis indicated the poorest states in the country to include Sokoto, Bayelsa, Jigawa, Kebbi, Gombe, and Yobe, but cannot determine which of these states is the poorest.

The organisation disclosed this at the launch of its report on Austerity Measure, poverty and Gender Inequality in Nigeria in Abuja, saying Nigeria’s Multidimensional Poverty Index (MPI) for 2022 found that 63% of the population, amounting to approximately 133mn Nigerians, are multidimensionally poor.

Analysing the report, the Country Director of ActionAid Andrew Mamedu noted that Poverty and inequality do not just happen; they result from economic, social, and political decisions made by the state and citizens.

He said “The critical policy decisions reflected in the key macroeconomic indicators show the rate and trend of poverty and inequality. Extant Nigerian negative indicators on gross domestic product (GDP) growth, inflation, interest rate, unemployment, debts, and deficits, among others, can only lead to one direction, increased poverty.”

Mamedu further stated that the underlying cause of the current spate of poverty is rooted in the heavy burden of austerity measures, imposed as part of broader macroeconomic policies.

He disclosed that based on their research, from 2010 to 2020, Nigeria’s debt stock ballooned by over 300%, reaching a staggering ₦31 trillion by the end of 2020​ , and as of March 31st, 2024, debt stock stands at USD 91,463.99, an equivalent of N121, 670.49. trillion consuming 74% of government revenue and leaving little for vital sectors such as education, healthcare, and social protection​.

He pointed out that keeping large numbers of people excluded from access to economic resources, employment, healthcare, adequate food, clean water and sanitation, education, skills, and technology, will result in a reduction of future productive human potential.

He stressed that well-designed and sustained investments in areas such as maternal and child health, education, and social protection would yield significant dividends for society.

“Conversely, no society can expect to achieve sustained economic and social progress while significant numbers of its population often disproportionately women and girls – are poorly nourished, in poor health, and lack the education and/or skills needed for their own and their families’ development,” he stated

The Minister of Budget and National Planning Atiku Bagudu who was represented by the Director of Microeconomic Philip Okwonkwo wondered if poverty and inequality could be tackled at the same time.

He maintained that the issue of poverty is a global phenomenon as it is not unique to Nigeria and Africa alone and harped on the need for stakeholders to collaborate to empower the poor people in society.

Continue Reading

National

EFCC Attempts To Arrest Yahaya Bello At Kogi Governor’s Lodge

Officials of the Economic and Financial Crimes Commission (EFCC) on Wednesday night made an attempt to arrest the former governor of Kogi State, Yahaya Bello, at the Kogi State Governor’s lodge in the Asokoro District in the Federal Capital Territory.

However, there was some resistance by security operatives at the governor’s lodge as gunshots rented the air during the altercation.

The entire area has been cordoned off and movements around that area have also been restricted to only operatives of the EFCC and other security agencies stationed there.

Unconfirmed reports say the former governor has now left the governor’s lodge in the company of the incumbent Kogi State governor, Ahmed Ododo.

Also, normalcy seem to have returned around the Kogi State governor’s lodge after the attempt by the operatives to arrest Bello.

This is the latest on what has turned out to be a roller coaster of events surrounding Yahaya Bello, who has been on the wanted list of the EFCC for having allegedly laundered N80.2 billion.

After months of being declared wanted by the EFCC, a statement by the Director of Yahaya Bello Media Office, Ohiare Michael, on Wednesday, said the former governor honoured EFCC invitation “after due consultations with his family, legal team and political allies”.

But in a swift reaction to the statement by Bello’s media team, the EFCC said the former governor was not in its custody and remains wanted.

According to Yahaya Bellos media office the former Kogi governor and his successor Usman Ododo were at the EFCC office on Wednesday September 18 2024

EFCC spokesman Dele Oyewale said the ex-governor remains wanted “for alleged N80.2 billion money laundering charges”.

“Media reports today that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC, is incorrect. The Commission wishes to state that Bello is not in its custody.

“Bello, already declared wanted by the Commission for alleged N80.2billion money laundering charges, remains wanted with a subsisting warrant for his arrest,” Oyewale said in a statement.

Following up with his earlier statement, Ohiare Michael released another statement maintaining that Bello honoured the invitation of the anti-graft agency but was asked to leave by officials without interrogation.

According to him, the former governor was accompanied to the EFCC office by his successor, Usman Ododo.

“We reiterated the former Governor’s great respect for the rule of law and constituted authority, and stressed that, all the while, he only sought the enforcement of his fundamental rights in order to ensure due process.

“The EFCC did not, however, interrogate him as officials told him he could leave. We don’t know what this means yet. As we write, HE Alhaji Yahaya Bello has left the EFCC office. He was accompanied there by the Governor of Kogi State, HE Alhaji Ahmed Usman Ododo,” the statement read in part.

Bello was sued by the EFCC on a 19-count charge of alleged money laundering to the tune of ₦80bn.

However, Bello has consistently refused to honour EFCC’s invitations for questioning, and has consistently boycotted court trials.

His case was recently adjourned by Justice Emeka Nwite of the Federal High Court Abuja to September 25.

Continue Reading

National

U.S. launches online passport renewal portal

The U.S. State Department has launched an online passport renewal system that allows Americans to bypass the traditional mail-in paper process that often leads to delays.

The State Department announced on Wednesday that the digital system is now fully operational after several pilot tests.

It said the digital system is available to adult passport holders whose passports have expired in the last five years or will expire within the next year.

It is not available for the renewal of children’s passports, for first-time passport applicants for renewal applicants who live outside the United States or for expedited applications, the State Department added.

Secretary of State Antony Blinken said in a statement that “by offering this online alternative to the traditional paper application process, the Department is embracing digital transformation to offer the most efficient and convenient passport renewal experience possible.”

The department disclosed that it has estimates that around 5 million Americans annually will benefit from the new service, noting that in 2023 it processed 24 million passports, 40% of which were renewals.

The introduction of the online platform comes as the State Department continues to recover from pandemic-related staffing shortages that severely delayed passport processing times.

The new online system enables applicants to skip the current process, which requires them to print out and send paper applications, photos and a check by mail, and submit their documents, photos, and payment through a secure website, www.Travel.State.Gov/renewonline.

The existing passport processing fees, which are currently $130 for a regular renewal, will remain unchanged.

Assistant Secretary of State for Consular Affairs Rena Bitter, whose bureau oversees passport processing, said the department hopes to expand the programme by including children’s renewals, second passports, and services for Americans living overseas.

“This is not going to be the last thing that we do,” Bitter told reporters. “We want to see how this goes and then we’ll start looking at ways to continue to make this service available to more American citizens in the coming months and years.”

Continue Reading

National

‘NO cause for alarm’ NGSA reassures Abuja residents after earth tremor

The Nigerian Geological Survey Agency (NGSA) has announced that the earth tremors experienced in the Federal Capital Territory are not a cause for alarm.

NGSA’s Director-General, Olusegun Ige, disclosed in a statement that it has monitored the tremors and found them to be low and did not pose any threat to the environment.

NGSA’s statement comes after reports of earth tremors in Abuja, which had caused concern among residents of Maitama, Katampe, Mpape, and surrounding areas.

Earth tremors, a minor or brief movement of the Earth’s surface, triggered by the same forces responsible for earthquakes, had been previously reported in the capital in September 2018, which was said to occur at magnitude 3.2 around Mpape.

But NGSA said it has monitored the tremors and found them to be low and not a threat to the environment, adding that it team visited the affected areas for on-the-spot assessments.

NGSA reported that the tremors were a result of accumulated stress along identified faults and released seismic energy.

“The Monitoring Station (NGSA-5) at Katampe has been capturing several significant ground motions with high moment magnitudes (Mw) in the past five days, beginning September 13, 2024, and continuing to date,” NGSA said.

“Only one mild event was recorded on September 13th. Six of these events were captured on the 14th of September, while over 21 events were captured on the 15th with higher intensities. More than twenty events were recorded on the 16th of September. The intensity and frequency of the tremor appear to increase from the 13th to the 16th September. There are a few weak events recorded today, 17th September.

“Preliminary analysis of the waveforms showed that the sources of the ground motions are less than 5 km away from the monitoring station.”

According to the accounts of residents of the affected areas, observations by the NGSA team, and findings from previous interpretations of airborne geophysical data over the area and adjoining areas, the following conclusions were reached:

  • The tremors are a result of accumulated stress along the identified faults and released seismic energy, which may have travelled through associated fractures to areas where the tremors were felt around the FCT.
  • There are multiple epicentres associated with the recent tremor. Most of the epicentres are located northeast of the NGSA-5 Seismic Station around Mpape axis, while a few are located southwest of the Station around Katampe axis.
  • The intensities of the tremors are weak to light, ranging from III-IV on the Modified Mercalli Scale, and pose a very low-level threat, and
  • The residents of Mpape, Katampe, Maitama, and other areas where the tremors were felt are advised not to panic as the tremors can be generally described as low. The Agency is keeping a close monitoring of the situation and will provide updates as may become necessary.

Continue Reading

National

Tinubu signs bill establishing centre for arms control

The National Security Adviser (NSA), Mallam Nuhu Ribadu, said that President Bola Tinubu has assented to the bill for the establishment of the National Centre for the Control of Small Arms and Light Weapons.

Ribadu made this known at the Workshop on Gender Mainstreaming in Preventing the Proliferation of Small Arms and Light Weapons in Nigeria and the West African Sub-region on Tuesday in Abuja.

WhatsApp Image 2024 09 17 at 150850 9b74be34

The workshop was organised by the National Centre for the Control of Small Arms and Light Weapons (NCCSALW).

He was represented by the Director of External Affairs, Office of the National Security Adviser (ONSA), Amb. Ibrahim Babani.

The NSA said that the president’s assent to the bill was a major milestone in the government’s commitment to curbing the proliferation of illegal arms.

According to him, this legislative backing strengthens the centre’s mandate and paves the way for more coordinated and decisive action.

Ribadu also stressed the need for gender mainstreaming in preventing the proliferation of small arms and light weapons in the country.

He said that the workshop was anchored in key international frameworks, including United Nations Security Council Resolution 1325.

According to him, the resolution stresses the critical need to protect women from the impacts of conflict while also ensuring their full participation in peacebuilding and security initiatives.

“Moreover, the ECOWAS Convention on Small Arms and Light Weapons underscores the collective responsibility of our region in curbing the spread of these dangerous weapons, which disproportionately affect women and children in conflict zones.

“The importance of gender mainstreaming in preventing the proliferation of SALW cannot be overstated, as it strengthens our strategies and ensures that our approach to security is inclusive and sustainable,” he said.

Ribadu commended the centre for its efforts towards addressing the proliferation of small arms and light weapons in Nigeria.

In his opening remarks, the National Coordinator of NCCSALW, retired DIG Johnson Kokumo, said the centre has, in recent times, made some significant achievements in the fight against the illegal proliferation of small arms and light weapons.

Kokumo said the centre had on July 1 retrieved a substantial cache of illegal arms from the Nigeria Customs Service and subsequently arrested 10 suspects involved in the illicit importation.

He said the suspects were currently being prosecuted by the NCCSALW for the illegal importation into Nigeria of prohibited 544 firearms and 112,500 rounds of cartridges, contrary to Section 3 (6) of the Miscellaneous Offences Act Cap M17 Laws of the Federation of Nigeria 2004, among other offences.

This, according to him, underscores the centre’s commitment to not only intercepting arms but also ensuring that those responsible for these acts face the full weight of the law.

“In addition to the above, the National Centre has retrieved a total of 3,383 decommissioned, unserviceable, obsolete, and illicit small arms and light weapons, and 26,749 various calibres of ammunition from the arms-bearing agencies of government.

“Later in this quarter, NCCSALW will be conducting an Arms Destruction Exercise, which is a critical step in ensuring that recovered arms are permanently removed from circulation,” he said.

Kokumo said the control of small arms and light weapons proliferation was not only a national concern but also a matter of international importance.

He said that the illegal flow of small arms and light weapons had devastating consequences, fuelling violence, instability, and insecurity in various parts of the world.

He said that gender mainstreaming in SALW control was not only a moral imperative but also a strategic move, considering the grave impact of armed conflict on women and children.

This, he said, highlighted the need for a gender-sensitive approach to disarmament and security policies.

“This workshop is a significant step in ensuring that gender perspectives are integrated into national and regional strategies for Small Arms and Light Weapons control,” he said.

Continue Reading

National

429 million people living in extreme poverty in Africa – APO

The Chairman of the Africa Peace Organisation (APO), Hon. Justice Suleiman Galadima (rtd) has decried the plight of no fewer than 429 million people living in extreme poverty in Africa.

Galadima, in a statement in Abuja, blamed the situation for the spate of insecurity and conflict in the continent.

He explained that the international Africa Energy Oil and Gas (IAEOG) summit billed to be held in Namibia, with participants drawn from the continent is aimed at addressing the challenge.

He particularly stated that the IAEOG Summit held between the 22nd to 30th of October will promote business cooperation, stimulate investment, and create jobs among African countries.

He added that the summit is a follow-up to the African Continental Free Trade Agreement (AfCFTA) with the ultimate goal of unifying approximately 1.3 billion people across Africa, with a collective GDP of nearing US$ 3.4 trillion.

He disclosed that the summit which over 2,500 will bring together high-level top executives, CEOs, managers, investors, the business community, government agencies, exporters and importers from oil and gas sectors from across Africa and the world will be deliberating on the challenges and opportunities of the energy transition and the future of oil and gas in Africa.

He disclosed that the summit, themed “A Symphony of Progress – Harnessing Africa’s Natural Resource Development,” would be held at Hilton Windhoek, Rev. Michael Scott St. Windhoek Namibia.

The event will feature panel discussions, presentations, exhibitions, dinners, charity golf tournaments, award presentations, tours, and a host of others.

“This event, a proactive endeavor supporting the AfCTA’s mission to forge regional value chains in Africa, aims at stimulating investment and job creation across the continent,” he added.

The 2nd edition of the IAEOG Summit took place in Angola between the 30th of November 2023 and the 3rd of December, 2023.

Continue Reading
Advertisement

Trending