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Why Nigeria May Remain World Poverty Capital – Emir Sanusi

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The Emir of Kano and former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi II, has said except proactive steps are taken to change the current trend, Nigeria may still remain the poverty capital of the world for many years to come.

Sanusi said this after his induction as an honorary member of the Sigma Club of the University of Ibadan over the weekend.

His words: “If every country continues its present trajectory, by 2050, 80 per cent of all the poor people in the world will live on the African continent. But, that is not the frightening thing. One half of this 80 per cent will be in Nigeria and the Democratic Republic of Congo. Two countries will account for 40 per cent of all the poor people in the world and Nigeria will, therefore, remain the poverty capital of the world.

“This is a country that has produced many great people. This is a country that has boasted of best professors, greatest intellectuals, and the most educated people. “In 1960, the per capita income in Nigeria was higher than what it was in South Korea, and China. My father was the first ambassador of Nigeria to China in 1972. In 1972, he had to go to Hong Kong every two weeks to buy essential commodities because they were not available in Beijing. He could not find milk, sugar and cornflakes in Beijing; he had to go to Hong Kong in 1972, not 100 years ago.

“In 1974, when Deng Xiaoping started opening up in China, there were 700 million Chinese living in extreme poverty. Today, that number is down to only 30 million people in one generation. In 1974, China had only 8million university graduates.

Today, China has more than 300 million university graduates, more than the entire population of the United States of America. Yet, China did not have direct foreign investments; in fact China stopped it.

“We talk about miracles, ancient miracles. I don’t like the word miracles because miracles are associated with angels with wings that you do not see, coming from the sky. The Chinese are human beings like us and they did it.

“When we say miracle, it sounds like something supernatural that has some certain powers to it. Every time you think about it, the only deficit we have is a policy deficit.

“We have elections in 2019, I read the papers, I look at the television, and listen to the discussions, who is talking about education? Who is talking about nutrition? Who is talking about basic health? As a country, what are our priorities? We don’t have enough money for education. We don’t have enough money for health. We don’t have enough money for nutrition. But we have N1 trillion or N2 trillion to spend on petroleum subsidies. Where is our sense of what is important, and where is our investment in the future? “So, for all Nigerians, who care about this country, the real task before us is to know that we have 30 years on the outside in which we need to make sure that we do not become the poverty capital of the world, and slum of the world.

“The earlier we realise that countries like Taiwan, Hong Kong in China, Singapore and Israel have become what they have become, not because they have found oil or diamond or gold, but because they have realised the values of human beings. The earlier we begin to take the path that will change this very sad trajectory, the better for us.

“We should keep those numbers at the back of our minds because that is the future of our children and the future of our grandchildren. And this generation can take decisions that are necessary to make sure that crisis in the future is averted. I am sure everyone here is committed to this. I certainly will remain committed to it.

“I hope we can all work together and build this country, and make it a country that we all know it can be. We know that Nigeria can be great. We all know it.

“All those seeking political office, we hope will begin to join us, and we will continue to urge those outside politics to exert the right pressure on those in government to give us these policies, these thinking because that is the future of this country.

“If you take Kano alone, today 58 per cent of all children under the age of five in Kano State suffer from chronic malnutrition. Out of that, 17 per cent has acute malnutrition. Globally, nine per cent is a crisis, but we have 17 per cent. Forty-eight per cent of the children of all women of reproductive age suffers from anaemia, iron deficiency. We have almost four million children out of school. We have one of the highest infant mortality and maternal mortality rate in the country.

“These are the kinds of things that are not even featuring in political discourse. These are issues that confront us and these are the issues we must address to avert that future that has been so very tragically by Bill Gate and other economists.

“Within Africa, we are having countries that are becoming excellent examples of what we can do with just a little bit of good thinking, combined with the right values. Our people have the ability, they are resilient, had working and intelligence to do it.”

BIG STORY

BREAKING: Fire Ravages Katangowa, Lagos Market [PHOTOS]

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An early morning fire has engulfed Katangowa Market in Agbado/Oke-Odo Local Council Development Area, along the Lagos-Abeokuta Expressway on Monday.

The fire outbreak which started around 3.15am destroyed the entire stretch of fairly used clothes’ shops opposite the Central Mosque in the market.

As of the time of filing this report, men of the state fire service and officials of the Lagos State Emergency Management Agency were on the ground to put off the fire.

Also on the ground are policemen from the Okeodo Divisional Headquarters to prevent the looting of unaffected shops.

See photos:

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Stay Away From Duty Posts, NASU, SSANU Direct Varsity Workers As Strike Begins

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Academic activities will be paralyzed in the universities across the Federation from today as the Non-Academic Staff Union of Universities and Educational Institutions and the Senior Staff Association of Nigerian Universities (SSANU), have issued a directive to all their members to stay away from their duty posts from Monday.

The unions, under the Joint Action Committee (JAC) of NASU and SSANU, also warned their branches that the strike is “total and comprehensive” and that “no form of concession or internal arrangement should be made with management,” during the strike.

The directive was dated 16th August 2019 and signed by the General Secretary of NASU, Comr Peters Adeyemi and the National President of SSANU, Comr. Samson Ugwoke.

The directive which was addressed to all branch chairmen, Joint Action Committee of NASU and SSANU, also warned that any defaulting branch would be sanctioned.

They were directed to fully mobilize their members and ensure full compliance, as the leadership would not hesitate to sanction any defaulting branch.

In the first phase, the directive said the strike will last for five days, as a result of government failure to attend to their demands after the expiration of the 14-day ultimate earlier issued to the government. The Ultimatum ended on Sunday.

The Ultimatum read: “Following the expiration of the 14 day ultimatum given to the Government and its failure to show firm commitment towards resolving the following issues: Payment of Earned Allowances; University Staff Schools matter; Renegotiation of 2009 Agreements; you are hereby directed to embark on a five (5) day strike effective from Monday, 19th to Friday, 23rd August 2019.

“Be informed that the strike is total and comprehensive for the five days. No form of concession or internal arrangement should be made with management while all members must be directed to stay away from their duty posts.

“Kindly recall the decision of the National Executive Councils of the two unions to the effect that Branches that default in compliance should be sanctioned.

“The National leadership shall not hesitate in this regard. You are hereby directed to fully mobilize your members and ensure full compliance.”

(Nigerian Tribune)

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Presidency Queries FIRS Boss Babatunde Fowler Over N12.6Trillion Tax Collection

Peter Okunoren

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The Presidency appears displeased with the taxes the Federal Inland Revenue Service (FIRS) has collected in the last three years.

This is despite the fact that the FIRS generated the largest revenue in the nation’s tax history when it collected N5.3 trillion in taxes in 2018 and is targeting N8 trillion in 2019.

The Presidency conveyed its displeasure at the FIRS’ collection efforts in a query issued to the Executive Chairman of the FIRS Mr. Tunde Fowler by the Chief of Staff to the President, Alhaji Abba Kyari.

The query circulating in the social media titled: “Re: Budgeted FIRS Collections and Actual Collections”, reads: “Your attached letter (FIRS/EC/ECW/0249/19/027 dated 26 July 2019) on the above subject matter refers.

“We observed significant variances between the budgeted collections and actual collections for the period 2015 to 2018.

“Accordingly, you are kindly invited to submit a comprehensive variance analysis explaining the reasons for the variances between budgeted and actual collections for each main tax item for each of the years 2015 to 2018.

The query marked “Restricted” added that “we observed that the actual collections for the period 2015 to 2017 were significantly worse than what were collected between 2012 and 2014. Accordingly, you are kindly invited to explain the reason for the poor collections.”

Kyari directed Fowler “to respond by 19 August 2019.”

The development has raised questions over the propriety of the query, given that there is no Minister for Finance and the query did not come from the Permanent Secretary of the ministry.

In January 2019, Executive Chairman of the FIRS, Mr. Tunde Fowler, announced in Lagos that the Service broke its collection records by generating N5.3 trillion from taxes collected and is targeting N8 trillion for 2019.

According to Fowler, the N5.320 trillion collection is considered to be the highest revenue ever generated by FIRS in history.

The highest in FIRS was N5.07 trillion generated in 2012 under Ms. Ifueko Omoigui.

Fowler said “FIRS’ generation of N5.3 trillion is significant as it was at a period when oil prices averaged $70 per barrel. Oil price was at an average of $100 to $120 per barrel between 2010 and 2013.”

In realizing this milestone, the FIRS boss noted that the non-oil component of the N5.320 trillion is N2.467 trillion that was (53.62 percent), while the oil element of the collection was N2.852 trillion (46.38 percent). From audit alone, the FIRS collected N212,792 billion from 2,278 cases with a huge reduction in audit circle.

In spite of this achievement, Tunde Fowler lamented that “while we have been steadily increasing revenue collection over the years, our cost of collection has actually been going down. In 2016, we collected N3,307 trillion, in 2017 we collected N4,027 trillion and in 2018 we collected N5,320 trillion.

“Meanwhile, the cost of collection as a percentage of actual taxes collected has been reducing; in 2016 it was 2.6%, in 2017 it was 2.49% while in 2018 it was 2.14%.” The FIRS is entitled to 4% cost of collection.

He added: “The Service has been making tremendous efforts in also increasing the amount of non-oil revenue it collects. The non-oil collection has contributed 64.99% in 2016, in 2017 it contributed 62.25% and in 2018 it contributed 53.62%.

“This represents the government’s focus on increasing non-oil sources of revenue and the diversification of the Nigerian economy.”

(The Nation)

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