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President Muhammadu Buhari has finally signed the Not Too Young To Run bill into law.

Buhari signed the bill on Thursday afternoon inside the Council Chambers of the Presidential Villa, Abuja.

Recall that the President had in his Democracy Day broadcast on Tuesday, pledged to sign the bill “in a few days’ time.”

The bill, which was passed by the National Assembly last year, seeks to reduce the age qualification for elective office seekers across the country.

Buhari’s Personal Assistant on New Media, Ahmad Bashir confirmed the report via his Twitter handle.

Sharing a video of the event, Bashir wrote: “History is made, President @MBuhari has signed into law the #NotTooYoungToRun bill. Congratulations to all young men and women at @YIAGA and all the supporters of the movement.”

Watch video below:

Buhari, however, lamented that the age limits for Senators and Governors was not reduced.

Speaking during the signing of the Bill at the Presidential Villa, Abuja, Buhari said youths, “Have now established a formidable legacy” that they can achieve anything they are determined to do.

The bill which was passed by the National Assembly last year, seeks to reduce the age qualification for elective office seekers across the country.

Buhari, however, lamented that the age limits for Senators and Governors was not reduced.

The full speech reads below…

“First, I would like to welcome you all to the State House. Today is a significant day for all of us in Nigeria, and most especially our young people – and role they play in our democracy, politics and national life.

“We are gathered here for the signing of the “Not Too Young To Run Bill”, a landmark piece of legislation that was conceived, championed and accomplished by young Nigerians.

“The coordinators of the Not Too Young To Run movement have now established a formidable legacy – which is that, in our maturing democracy, if you really want to change something in Nigeria, and if you can organise yourselves and work hard towards it – you can achieve it. The outcome of such efforts is this remarkable feat.

“These efforts have resulted in the heroic task of enshrining in law, a reduction of the minimum ages for elective office in Nigeria.

“Eligible age for aspirants for members of the State Houses of Assembly will be reduced from 30 to 25 years;

“Eligible age for aspirants for members of the Federal House of Representatives will be reduced from 30 to 25 years; and

“Eligible age for aspirants for Office of the President, will be lowered from 40 to 35 years.

“Surprisingly, the age limits for Senators and Governors was not reduced, as originally proposed by the sponsors of this Bill. This is an issue that may need to be addressed going forward.

“Nevertheless, your focus and contributions have now successfully increased the quality and maturity of Nigerian democracy and expanded the playing field for youth participation in politics.

“You, the young people of Nigeria, are now set to leave your mark on the political space, just as you have done over the decades in entrepreneurship, sports, art, media entertainment, technology, and several other fields.

“You are undoubtedly Nigeria’s most important resource – not oil, not agriculture, not solid minerals – but you and all of us. Your energy, intelligence and talent are what will drive and develop Nigeria, long after we are all gone.

“This is an opportunity for me to affirm that this Administration will continue to do everything in its power to make Nigeria work for you.

“You may all know that the Bill I just assented now becomes an Act of the National Assembly.

“Thus, it may be tempting for you to think of this as the end of the journey. However, it is only the beginning; there is still a lot of work ahead, towards ensuring that young people take full advantage of the opportunities provided not only by this constitutional amendment, but also through Nigeria’s boundless prospects.

“You should inculcate the spirit of self help. Those who complete their training should not just sit down and wait for government or private sector to employ them. You should be innovative and turn your hands to any legitimate work that will enable you to sustain yourself.

“You may have noticed already that every one of you represents one of our 36 States and the Federal Capital Territory. This is because today is about preparing for the bright future of our country.

“I am confident each one of you will transform Nigeria in your own way – whether through media, agricultural enterprise, economists, engineers, or as lawmakers in your States or at Federal levels, or as State Governors – and even someday, as President. Why not?

“But please, can I ask you to postpone your campaigns till after the 2019 elections!

“Finally, let me say how proud I am, and how proud the entire country is, of what you have accomplished. Congratulations and best of luck with continuing to work to make Nigeria a greater country for us and future generations of Nigerians.”

BIG STORY

BREAKING: EFCC Takes Over Nestoil Boss, Ernest Azudialu’s Ikoyi Residence

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Nestoil and NECONDE Boss, Ernest Azudialu, is caught up in the turbulence of steep and unforgiving commerce and the sad fact is that he lacks the instinct and judgment required to wade through the scary storm.

Yes, the truth dawned on the Anambra State-born flamboyant dude in a moment of profound terror.

According to The Capital, Azudialu’s massive mansion located in the pristine and prosperous Modupe Alakija Crescent formerly known as Ikoyi Crescent has been sealed by the Economic and Financial Crimes Commission, EFCC.

A reporter who was at the house affirmed that the anti-graft agency’s red ink embarrassingly announcing that the property was under investigation is boldly written on the building.

Whether Azudialu and his family can access the home is, however, not certain as at press time. What is sacrosanct, though, is that the property he calls home is now a subject of investigation by the EFCC.

This is coming at a time when the residents of the very serene and exclusive neighbourhood and Lagosians conversant with happenings in high society felt that what happened to Festus Fadeyi, the chairman of Pan Ocean Corporation, an indigenous independent oil and gas company, would not have an encore there. Fadeyi’s mouth-watering mansion, which had served as his family home for several decades in the same street, was confiscated by the Assets Management Corporation of Nigeria, AMCON, last year. The federal government agency took over Fadeyi’s Pan Ocean Corporation’s assets and its subsidiaries over bank loans totaling about N240billion.

Now, it is the turn of Nestoil’s Azudialu. This has left high-profile residents of Ikoyi shell-shocked because he was perceived to be a decent businessman despite his la Vida loca lifestyle. Although the reasons behind the EFCC’s action are sketchy, there are speculations that he is under investigation for financial crimes.

A while ago, he ran into stormy waters with a foremost commercial bank, which solely financed his Nestoil Towers straddling Akin Adesola and Saka Tinubu Streets in Victoria Island.

The allegation then was that he defaulted in servicing the facility that he obtained to build the towers.

In the past dispensation of former President Goodluck Jonathan, he benefited from juicy contracts and basked in luxury accruable from his position as Nestoil boss and a player in Nigeria’s oil industry. As cool cash flowed into his accounts, Ernest developed a taste for expensive luxury and soon he was known for his obsession with aircraft and his penchant for acquiring private jets and pricey automobiles.

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BIG STORY

Okorocha To FG: Give Me N76billion And I’ll Create One Million Jobs From Cattle Business

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Rochas Okorocha, former governor of Imo state, says he can create one million jobs from cattle rearing if provided with the financial capital.

In recent times, Nigeria has witnessed a spate of farmers-herders crisis in many parts of the country, which has led to the loss of lives and property.

As a result of the crisis, 17 southern governors, last Tuesday, resolved to ban open grazing in their region, after a meeting in Asaba, Delta state.

Speaking on the development in an interview on Sunday Politics, the senator representing Imo west said the country should look into the business of cattle rearing, noting that billions by not handling it well.

“Let me talk to Nigerians for the first time as a businessman. Do you know how many billions of dollars this nation is losing by not handling this business of cattle well in the Federal Republic of Nigeria,” he said.

“This business of cattle can create one million jobs for Nigerians, if well-managed. I wish Nigerians can call me or the government will call me and say Okorocha this seventy-six billion.

“We want to give you, it is your share, take it and fix the cattle business. If I do not create one million jobs within the shortest time, just know I’m not Rochas.

“This is business. See money and people are just joking with it. We used to be exporters of leathers, skins. What about dairy products and milk?

“Assuming we have this business, do you know how many welders and fabricators will build body carriers for the cows, while we import the head from China and fix it.”

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BIG STORY

Daily COVID Tracker: NCDC Records Seven Infections ,Lowest Single-Day Count In 5 Months

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The Nigeria Centre for Disease Control (NCDC) says the country recorded seven fresh coronavirus infections on Sunday — representing the lowest single-day count so far in 2021.

The latest cases of COVID-19 were recorded in two states, according to the agency’s update for May 16, 2021.

States that recorded new positive samples are Niger (5) and Rivers (2).

The NCDC reported zero death from COVID-19 complications on Sunday, leaving the death toll at 2,066.

Also, one person was discharged on Sunday after recovering from the infection.

Out of a total of 165,709 COVID-19 cases now confirmed across 36 states and the FCT, 156,413 patients have recovered.

 

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