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Gani Adams: Nigeria’s 1999 Constitution is satanic

File Photo The Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, has called for the correction of the 1999 Constitution for peace to reign in Nigeria. Adams who described the constitution as satanic added that it is a wrong structure which Nigeria is running on. He said this in an interview on a Channels TV programme on Wednesday. “The major problem now is that Nigeria is being run on the basis of a wrong structure and on the basis of a wrong constitution,” he said. “The constitution of 1999 is wicked, it is satanic. If we don’t correct it, I can’t guarantee that peace will be in this country.” Adams also spoke on the necessity of the notice issued by the Ondo State Governor, Rotimi Akeredolu, which required herdsmen to vacate the forest reserves in the state. “If the Governor did not give t...

Lagos chamber projects positive economic recovery by Q2

The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...

Lagos shuts airport bridge indefinitely

The Lagos State Government on Sunday announced the closure of the Airport Bridge at Toyota on Oshodi/Isolo Expressway indefinitely. This follows the inferno that recently occurred on the Apapa Oshodi Expressway as a result of a PMS loaded tanker exploding in a fireball from collision with another truck, with the structure of the Airport Bridge at Toyota on Oshodi/Isolo Expressway has been affected. “The bridge therefore has to be temporarily closed to vehicular traffic movement to enable the State Government conduct structural engineering tests on the bridge,” said Commissioner for Transportation, Dr Frederic Oladeinde. He announced alternative routes for use by motorists pending the outcome of the tests and the reopening of the bridge to traffic. “Motorists from Mile 2 to Cele on Apapa-Os...

‘Christmas village’ boost Akwa Ibom economy with N1 billionn revenue – official

Mr. Orman Esin, the Akwa Ibom Commissioner for Culture and Tourism, has said the ‘Christmas Village’ generated more than N1 billion to the state economy since Dec. 1, 2020. Esin announced this to newsmen in Uyo on Friday. He said that the opening of the village had brought some life back to holidaymakers and citizens of the state. “The Christmas village has created value of more than N1 billion since it was opened on Dec. 1, 2020,’’ he said. “More than 600 vendors attract thousands of visitors every evening, adding that the Christmas village became a must-visit place in Nigeria every December. “With the ravaging Covid19 pandemic and subsequent lockdown, the 2020 Christmas season looked bleak. “Annual events were cancelled all over the world including the record-setting annual 999 events in...

Kano government reaffirms commitment to minimum wage, says deductions temporary

Kano state government has reaffirmed its commitment to the continuous implementation of the N30,600.00 minimum wage for civil servants. It however said, that deduction in November/December workers’ salary was a temporary measure informed by the drop in federal allocation and dwindling internally generated revenue occasioned by the COVID-19 pandemic. The state commissioner for Information, Malam Muhammad Garba who stated this in a statement, Thursday, indicated that the deduction was necessary to keep the government going in the face of the prevailing economic recession facing the country. “The state government took the measure instead of contemplating on paying half salary or in batches as obtained in other states or layoffs. “Similar temporary measure was taken, including cut in the allow...

OPC slams President Buhari over increase in electricity tariff

File Photo The Oodua Peoples Congress has accused President Buhari of being insensitive to the plights of Nigerians, saying the sudden increase in the electricity tarrif is brutish and inhuman, describing it as an attempt to fuel national crisis. The group also restated its support and commitment to true federalism on the basis of regionalism, adding that Nigeria cannot make any meaningful progress with the 1999 Constitution, which it described as a democratic albatross. At a marathon meeting of the leadership and National Coordinating Council of the group in Lagos, the OPC, led by its National Coordinator and Aare Ona Kakanfo of Yorubaland, Iba Gani Abiodun Ige Adams, in a statement signed by the National General Secretary and Publicity Secretary, Babajide Tanimoowo and Yinka Oguntimehin,...

Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure

Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...

National Assembly raises 2021 budget by N580 billion, approves N13.588 trillion

The two chambers of the National Assembly yesterday passed the 2021 Appropriation Bill, increasing the budget size from N13.08 trillion presented to them by President Muhamnadu Buhari 11 weeks ago to N13.588 trillion. The passage of the 2021 budget followed consideration and adoption of harmonised reports separately submitted to them by their Committees on Appropriation. The two chambers increased the 2021 budget by about N580 billion and pegged daily crude oil production at 1.86 million barrels per day, while oil benchmark price was fixed at $40 per barrel. They approved N379 to dollar as the official exchange rate while GDP growth rate was pegged at 3 per cent. Highlights of the report approved by the Senate showed aggregate expenditure to be N13,588,027,886,175, statutory transfer of N4...

IFDC, EBID sign pact to boost agriculture in West Africa

The International Fertilizer Development Center (IFDC) has signed a Memorandum of Understanding (MoU) with the ECOWAS Bank for Investment and Development (EBID) for the improvement of soil health and plant nutrition in West Africa. The agreement will engender multifaceted programmes aimed at promoting growth and development of the agricultural sector in the West Africa sub region. Though West Africa accounts for two per cent of global fertilizer consumption, fertilizer application rates in the region are still low due to logistical challenges, including reliance on imports that may or may not be appropriate for the various soils in the region. IFDC is an independent non-profit organization, operating in 17 countries in Asia and Africa, which combines science-backed innovations, an enabling...

Senators decry executive’s disregard for resolutions on insecurity

Federal lawmakers, on Tuesday, deplored the federal government’s continued disregard for Senate’s resolutions on the issue of national security. The Senators spoke while contributing to a motion on the recent kidnapping of students at the Government Science School, Kankara, Katsina State. The Red Chamber had twice called for the replacement of the service chiefs. The lawmakers, in their various contributions to the motion, expressed deep frustration over the recurring issues of killings and kidnappings across the country and the inability of the security agencies to address the challenges. They insisted that the service chiefs had overstayed and should allow other officers with fresh ideas to take over. Senator Mohammed Sani Musa (APC, Niger) said, “Every day, people are dying and nothing ...