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APC Governors Beg Buhari To Allow Use Of Old Naira, Say ‘CBN Printed Only N300bn New Notes’

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The All Progressives Congress (APC) governors have appealed to President Muhammadu Buhari to allow both the old and new naira notes to co-exist to ease the suffering of Nigerians.

Nasir el-Rufai, governor of Kaduna state, said the request was made to the president when the APC governors met with him on Friday.

El-Rufai was flanked by Abdullahi Ganduje, Kano state governor, while briefing journalists on the outcome of the meeting at the state house.

He said although the Central Bank of Nigeria (CBN) mopped up over N2 trillion of the old notes in circulation, only N300 billion worth of new notes were printed.

The governor said if the CBN intends to implement the cashless policy, the apex bank should have printed at least half of what was mopped up.

He said the governors told the president that the masses are suffering and traders are losing their goods due to a lack of patronage.

El-Rufai said they appealed to Buhari to reconsider his stance.

The Kaduna governor however said the president did not decline or approve the request.

He said Atiku Bagudu, Kebbi state governor and chairman of the Progressive Governors Forum, is meeting with the president privately in a bid to convince him to shift ground on the matter.

BIG STORY

N8.8bn Spent On Repairs Of Vandalised Transmission Towers In 11 Months — TCN

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The Transmission Company of Nigeria (TCN) has reported that it has spent over N8.8 billion in 11 months to repair transmission towers that were vandalised across the country.

In a statement released on Wednesday, Sule Abdulaziz, the chief executive officer (CEO) of TCN, made this disclosure during the quarterly power sector working group meeting in Abuja.

Abdulaziz was represented by Olugbenga Ajiboye, the executive director of Transmission Service Provider (TSO) at TCN.

He revealed that between January 13 and the present, a total of 128 transmission towers had been destroyed—either by vandals or bandits—across the country.

The TCN CEO expressed frustration that when vandals are apprehended and handed over to the police for prosecution, they are often bailed and return to their destructive activities.

“Till date, we have spent about N8.8 billion, by our estimation, to put them back to full and functional use,” Abdulaziz said.

“It is so sad that each time the vandals were caught and taken to police for prosecution, police would incident them for theft, instead of vandalism and they will be bailed.

“If they are charged for vandalism, they cannot be bailed, but this is where we are. So many of them have been arrested, but each time they will be bailed because police often incident their cases as that of theft.

“When the Shiroro-Mando-Kaduna towers were destroyed, we had to get full military escorts for our contractors to restore the transmission lines and towers. In some cases, they would tell us that we could only work for two hours on certain days.

“In some instances, they would even tell us that it was not safe to move there. How do we get out of this? How can we deliver electricity to Nigerians under these terrible circumstances?

“These are part of the challenges we are facing in the power sector.”

’50 MILLION NIGERIANS TO HAVE ELECTRICITY BY 2030′

Addressing the sector’s challenges, Adebayo Adelabu, the minister of power, stated that the federal government is collaborating with the World Bank and the African Development Bank (AfDB) to provide electricity to 50 million Nigerians by 2030.

Adelabu, who was represented by Adedayo Olowoniyi, the chief technical adviser, emphasized that the power ministry is working closely with its finance counterpart “to get this process achieved.”

“Mission 300 is being driven by the World Bank and the African Development Bank, and it is a project that will provide electricity to 300 million Africans. Nigeria will benefit 50 million from this,” Adelabu stated.

“Nigeria has a large population that is without electricity, and this is a great opportunity for us to be part of this process.

“The Compact document will be signed by our President, Asiwaju Bola Ahmed Tinubu, in Tanzania in January, 2025.

“W worked extensively with the World Bank, the AfDB, and the Ministry of Finance to develop the document with all the countries that will be participating in it.

“The most important thing is that we have to drive the process by ourselves through private and public sector participation. We will do it through solar home systems, mini and micro grids, grid extension, and connection.”

“The reality is that it is not actually feasible, based on the resources we have, to extend the grid to all Nigerians, one, from the funding point of view.

“Secondly, it may not be commercially viable to begin to talk of grid extension to those parts that are not viable, but that does not mean that we should not deliver electricity to them, which is their right and part of the dividends of democracy.”

Adelabu confirmed that the federal government would begin with home solar systems in areas where grid expansion may not be possible.

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BIG STORY

President Tinubu Appoints Abiola’s Son Jamiu SSA On Linguistics, Foreign Matters

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President Bola Tinubu has approved the appointment of Jamiu Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters.

Abiola is one of the children of the winner of the 1993 presidential election annulled by General Ibrahim Babangida, the late Chief Moshood Abiola.

He was previously appointed as the Special Assistant to the President on Special Duties in the Office of the Vice-President.

In a statement on Wednesday by the Director, Information and Public Relations, Office of the Secretary to the Government of the Federation, Segun Imohiosen, Abiola’s appointment takes effect from November 14, 2024.

Imohiosen stated that the appointment aligns with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended.

He said, “President Bola Ahmed Tinubu has approved the appointment of Jamiu Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters.

“The appointment takes effect from 14th November, 2024. This is in line with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended.

“Until his appointment, Jamiu served as the Special Assistant to the President on Special Duties in the Office of the Vice President.

“President Tinubu tasks the appointee to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new assignment.”

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BIG STORY

Senate Passes Bill For Ijebu State Creation For First Reading

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The Nigerian Senate on Tuesday passed a bill for the creation of Ijebu State, marking the first reading of the proposal during its plenary session.

The bill, which seeks to establish Ijebu as an independent state, was sponsored by Senator Gbenga Daniel, representing Ogun State.

Titled the “Constitution of the Federal Republic of Nigeria (Sixth 1 Alteration) Bill, 2024 (Creation of Ijebu State),” the proposed legislation aims to carve out Ijebu from the current Ogun State.

The bill was introduced by Senate Majority Leader Michael Bamidele of the All Progressives Congress as the “fourth order of the day” during the plenary.

After reading the title of the bill, Senate President Godswill Akpabio moved the proposal forward, passing it for its first reading and setting the stage for further legislative processes.

The bill will now undergo a series of discussions and evaluations before it can proceed to the next stages of approval.

The push for the creation of Ijebu State is part of a broader national discourse on the need for more state creation across Nigeria, particularly in regions where there are growing demands for administrative autonomy.

If the bill successfully progresses through the required legislative procedures, Ijebu, currently a part of Ogun State, could become a separate state with its own governance structures.

This development comes amid increasing calls for state creation in various parts of the country, with proponents arguing that new states could better address local needs, foster economic growth, and enhance political representation.

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