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2023: Nigerians Will Beg Me To Stay Beyond Second Term If I Become President — Sowore



Omoyele Sowore, the presidential candidate of the African Action Congress (AAC), says Nigerians will beg him to stay beyond the constitutional limit of two terms in office if he becomes president.


Sowore spoke on Wednesday during an interview on Channels Television.


Speaking on the naira redesign, Sowore said the funds used for redesigning the naira should have been channelled to meet the demands of the Academic Staff Union of Universities (ASUU).


The AAC presidential candidate said if elected president, he will not concentrate on redesigning the naira, but seek ways to improve the value of the country’s currency.


On his educational policy, Sowore said if elected president, his administration will give every student in tertiary institutions a grant of N100,000 per semester.


He also said he will channel efforts into improved revenue for the country through addressing leakages.


“I will never be part of those who ask the private sector to run education in Nigeria. It will be publicly-run education programme. We are focusing on free education,” he said.


“I have said it; every student in Nigeria who is in the higher institution — there are 1.7 million students in higher institutions — will get at least N100,000 per semester as study grant from the federal government. I mean it. I will not make them take loans.


“We don’t need to borrow in my first four years. I have discovered how we can block all the loopholes and make more money.


“I just told you about N11 trillion unremitted revenue. It is sitting in the bank accounts of our MDAs. We can get it. It belongs to the federal government. N11 trillion is a huge amount of money; money owed by oil companies.


“I’m talking to you as a citizen of Nigeria who has operated alone almost virtually, finding money, kicking out sources where money has been hidden, having to provide evidence for stolen money. I have been the person who covered it the most since 2006 through Sahara Reporters.


“When I am telling you these facts, believe them. I know the politicians; I know how they steal, and I know how the money in this country is being filtered.


“I’m not just saying it to lie to you on TV. It is a matter of fact that if you get to work, you will be shocked.


“Nigerians will be begging me to continue in government after my two terms when I do the job that I’m telling you. But I don’t want to do more than two terms; I’m not interested.”


UBA Takes Centre Stage At 2024 ECOWAS Mining Forum In Cotonou, Benin As Elumelu Gives Keynote Address



Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024.

The regional event is expected to see a large gathering of key players and stakeholders in the mining and petroleum sectors of the Economic Community of West African States (ECOWAS) and as the financial institution of choice, with presence in 20 African countries and active involvement in major continental development projects, UBA is the preferred partner for the event, underlining the bank’s commitment to the growth of mining and Petroleum industry in the sub-region but to the whole not African economic development.

UBA Group Chairman, Tony Elumelu, would give the keynote address during the opening ceremony of this all-important event.

Elumelu who doubles as Chairman of Transcorp Group, with extensive interests in energy and power, will be speaking on the theme: “Geo-extractive Resources and Technologies: what pooling strategies for Value Creation in West Africa”

His speech is expected to highlight UBA’s increasing effort to support and develop the African continent through strategic investments in the key sectors of mining and petroleum.

Under the esteemed leadership of the President of the Republic of Benin, His Excellency, Patrice Talon, and the President of the Federal Republic of Nigeria and current President of ECOWAS, His Excellency Mr. Bola Tinubu, UBA Group will at the forum aim to restate its commitment towards supporting economic and social development across the continent.

The focus of ECOMOF 2024 underscores the significance of transforming the mining and oil sectors into economic pillars by formulating attractive policies for investors, essential for the sectors’ substantial contribution to the Gross Domestic Products (GDP) of ECOWAS member states.

The Transnational Corporation Group (Transcorp Plc) – a diversified conglomerate with strategic investments in various sectors, including power and energy – will also actively participate in the forum.

Key officials from UBA Group and Transcorp Plc, including the Chief Executive Officer UBA Africa, Abiola Bawuah; UBA’s Group Head, Corporate and Energy Bank, Ebele Ogbue, and President/ Chief Executive Officer, Transcorp Group, Owen Omogiafo will be actively involved in discussions and panels on the sidelines of the event.

Anticipated to attract over 2,000 participants from diverse sectors, including representatives from mining and oil industries, government officials, international and national investors, industry experts, ECOWAS delegates, and international organizations, ECOMOF 2024 promises to be a significant platform for collaborative dialogue and partnership building.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

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JUST IN: FG Working To Reduce Rising Food Prices Inherited From Past Government — Finance Minister Wale Edun



Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, said that President Bola Tinubu’s administration inherited a surge in food and general commodity prices from the previous government.

He, however emphasized the government’s commitment to reducing food prices and tackling the nation’s high inflation rate.

Speaking at the Public Wealth Management Conference in Abuja on Tuesday, February 20, the finance minister acknowledged the hardships faced by Nigerians and outlined measures taken to alleviate their suffering.

He revealed that, as part of these interventions, the government has released 42,000 metric tons of grains, with an additional 60,000 metric tons scheduled for release soon.

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JUST IN: State Police Bill Passes Second Reading At House Of Representatives



A bill proposing the establishment state police has passed second reading at the house of representatives.

Sponsored by Benjamin Kalu, deputy speaker of the house, and 14 others, the bill proposes to transfer the term “police” in the 1999 constitution from the exclusive legislative list to the concurrent legislative list.

The bill, which comprises 18 clauses, seeks to amend sections 34, 35, 39, 42, 84, 89, 129 153, 197, 214, 215 and 216 of the constitution.


More to come…

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