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Firm cautions Nigerian government over sale of national assets

Agusto Consulting has cautioned the federal government over its plan to relinquish national assets to private hands, saying, the risk involved is unquantifiable. Agusto Consulting, in a report titled “Rethinking Nigeria’s Models for Infrastructure Development,” noted that, the benefits of relinquishing control to the private sector are glaring, but remain difficult to implement. Noting that the federal government’s handing off certain critical assets of the country that have been dormant over the years will positively impact on the country’s budgetary allocation, but added that this decision has caveats and risks associated with operating models that involve private sector participation regardless of the levels of participation. “First is the high level of corruption in the country and the...

INEC increases polling units in Anambra to 5,720

The Independent National Electoral Commission (INEC) has increased polling units in Anambra from 4,608 to 5,720. Dr. Nkwachukwu Orji, INEC Anambra Resident Electoral Commissioner, disclosed this on Monday in Awka during Stakeholders’ Forum on Expansion of Voter Access to Polling Units. Orji explained that the expansion became necessary as the commission last expanded its polling units more than two decades ago. “From INEC records, the existing polling units were created 25 years ago and some of them today are in locations where they no longer promote healthy electoral activities. “Some of the polling units are located in front of shrines, some in private buildings and others in churches,” he said. Orji, who said that INEC national headquarters began the process about two weeks ago, hinted ...

INEC approves creation of 4,861 additional polling units in Lagos

Independent National Electoral Commission, INEC, Lagos State, has concluded plans to create additional 4,861 polling units in the state. The Commission’s Resident Electoral Commissioner in Lagos State, Sam Olumekun, who announced this at the Election Stakeholders’ forum on Monday, held in Ikeja, explained that the move became necessary to tackle the usual voter apathy and boost voter access to polling units in exercising their fundamental rights to vote. The forum was part of sensitization and public enlightenment of Stakeholders by the commission towards engendering active participation in future election exercises. He stated: “Polling Units are central to the electoral process and therefore democracy at large. Voter access to Polling Units is at the very heart of representative democracy...

Minister: Diaspora voting to start soon

The Minister of State for Foreign Affairs, Zubairu Dada, has assured Nigerians abroad that Diaspora voting may be realised soon. He said Nigerians abroad are part of the county and as such should be allowed to exercise their franchise. The minister disclosed that the Independent National Electoral Commission and the National Assembly were currently working to make this materialise. Dada spoke during the Diaspora Quarterly lecture series of the Nigerians in Diaspora Commission which was monitored online by our correspondent on Saturday. The minister expressed the hope that participating in elections by Nigerians in Diaspora would soon be a reality as done in other climes. He said, “NIDCOM is working closely with relevant committees of the National Assembly and relevant stakeholders, particu...

LASIEC unveils guidelines for forthcoming council election

The Lagos State Independent Electoral Commission (LASIEC) has unveiled guidelines for the forthcoming local government election scheduled for July 24. LASIEC Chairman, Retired Justice Ayotunde Philips, in the guidelines issued on Saturday, said the commission had fixed N150, 000, N100, 000 and N75, 000 as nomination forms fees for the chairmanship, vice-chairmanship and councillorship candidates, respectively. “Political parties are required to obtain the following LASIEC Forms: LASIEC 001, LASIEC 002, and LASIEC 008 for their candidates as from May 4. This ends at 12 noon, May 5 at the commission’s headquarters, Sabo-Yaba, Lagos. “LASIEC form 001 must be completed and returned to the commission by the political parties not later than June 4,” Philips said. She said that each candidate was...

Akwa Ibom wins CIRDDOC 2020 best budget transparency award

In a move that gives credence and endorsement of the commitment of the Udom Emmanuel led administration in ensuring openness, transparency and accountability in budgeting and governance, the Akwa Ibom State Government has been ranked one of the best performing states in the 2020 sub-National Budget Transparency Survey. The survey which was conducted by the Civil Resource Development and Documentation Centre (CIRDDOC) to ascertain the level of budget performance by states of the federation revealed that Akwa Ibom and four other states topped the budget performance index for the year, 2020. The Nigerian States Budget Transparency Survey Report also revealed that Akwa Ibom and some other Nigerian States have significantly improved budget transparency and participation, and has improved the ro...

Afe Babalola seeks sweeping reforms in judicial system

File Photo Senior Advocate and founder of Afe Babalola University, Aare Afe Babalola, has made case for urgent far-reaching reforms in the country’s judicial system particularly in the area bothering on the retirement of judges and aftermath. Babalola also reiterated the need to change the structure of the country, saying, “It is restructuring that would enable each state to curb insecurity, unemployment, poverty, defective justice system and do away with failed leaders. The ABUAD founder, who spoke during the virtual book launch in honour of retired Supreme Court justice, Justice Bode Rhodes-Vivour, which he chaired, said, “The only change that can change the country for the better and pave way for the enhancement of one Nigeria is the change that changes the structure of Nigeria. “It is ...

IMF, World Bank advocate flexible fiscal support, debt relief

Against the backdrop of a pandemic impacted global and national economies, the International Monetary Fund (IMF) and World Bank have urged fiscal authorities to execute flexible and supportive fiscal policies to support economic recovery and cushion the long-term impact of the pandemic. In a paper that was titled: ‘Tailoring Government Support’, IMF staff said until the pandemic is brought under control, fiscal policy will have to remain flexible and supportive. It advised governments to prioritize certain policy measures that include targeted support to vulnerable households, investment in health system and more focused support to viable firms, warning that if the pandemic persists, widespread corporate insolvencies could result, destroying millions of jobs, particularly in contact-intens...

Nigeria to benefit as G-20 approves extension of debt relief

Finance ministers of G-20 countries have approved an extension of debt relief for the world’s poorest nations till December 2021. David Malpass, World Bank president, made the announcement at the virtual spring meeting, on Wednesday. TheCable had earlier reported that the G-20 countries will meet this week to consider an extension of the debt freeze. The G-20, is a group of finance ministers and central bank governors from 19 of the world’s largest economies, including those of many developing nations, along with the European Union. G-20 countries had established a debt service suspension initiative (DSSI) which took effect in May 2020. Nigeria had benefited from the initiative which delivered about $5 billion in relief to more than 40 eligible countries. The suspension period which was or...

Rivers 2023: Ogoni begs PDP, APC for governorship slot

People of Ogoni ethnic nationality in Rivers State, have appealed to the People’s Democratic Party (PDP) and the All Progressives Congress (APC), to cede the 2023 governorship slot to their area. KAGOTE, the apex socio-cultural organization in Ogoni, made this call yesterday, saying that it was for the sake of political equity. President of KAGOTE, Emmanuel Deeyah, stated that no person from Ogoni has governed Rivers since the creation of the state. Deeyah, in a statement signed by the Acting Publicity Secretary of the organization, Mr. Obele Chu, in Port Harcourt, explained that the move would enhance equity and political justice in favour of Ogoni. Deeyah’s reaction followed a recent comment credited to the Minister of Transportation, Chibuike Amaechi, that the chances of qualified and i...

Firms get N1 million fine for breaking sanitation law in Kano

The Kano State Environmental Mobile Court on Saturday ordered two factories to pay N1 million fine for violation of the monthly environmental sanitation exercise in the state. Newsmen report that the affected factories are GP Tank and JP Company. Chief Magistrate, Auwal Yusuf-Suleiman, gave the order during an inspection exercise at the Sharada Industrial Area in Kano metropolis. Yusuf-Suleiman said the factories were found guilty of operating within the stipulated hours of the sanitation exercise contrary to Sections 61 and 104 of the National Environmental Laws. He, therefore, ordered each of the factories to pay N500,000 fine. Dr Kabiru Ibrahim-Getso, the State Commissioner for Environment, while reacting to the fine said the affected companies were not among those exempted from partici...

Minister confirms new date for National Sports Festival

The ministers of youths and sports development, Sunday Dare, yesterday confirmed April 2nd to April 14th as the new date for the 20th National Sports Festival to kick-off. He made the announcement during a visit to the Edo State Government House in Benin City, the Edo State capital. He also announced that Edo State will be used for the National Camp in preparation for the 2020 Tokyo Olympic Games taking place later this year. Dare said further that the Federal Government is determined to go ahead with the Unity Games which is the sequel to participation at the Tokyo Games. However, he noted that due to logistics under the circumstances occasioned by the COVID-19 pandemic, the number of athletes has been reduced from 14,000 to 8,000 athletes. Edo State Governor Godwin Obaseki in response as...