Connect with us

BIG STORY

Nigeria’s Economy Remains Weak With ‘Too Much Unemployment’ Despite Exit From Recession —- Tinubu

Published

on

All Progressives Congress Leader, Bola Tinubu, says though Nigeria has exited recession the country’s economy remains weak.

Tinubu stated this in Kaduna on Saturday while delivering a speech as the chairman of the 2021 Sardauna Memorial Lecture held in honour of one of Nigeria’s founding fathers, the late Sir, Ahmadu Bello.

Speaking on Saturday on the topic, ‘Reduction of the Cost of Governance for Inclusive Growth and Youth Development in Northern Nigeria in a Post-COVID-19 Era’, the former governor of Lagos State said though the regime of the President, Major General Muhammadu Buhari (retd.), put buffers in place during the recession, the country’s economy still remained weak with “too much unemployment”.

Tinubu said, “In the midst of our local challenges came the COVID-19 pandemic, with its debilitating impact on the global and domestic economies. Nigeria, like many other countries, has not been spared the impact of the pandemic.

“Commendably, however, President Muhammadu Buhari has been carefully steering the country through the pandemic such that the negative impact on us and the economy has not been as harsh as it might have been. The economy’s relapse into recession has ended but we must admit the economy remains weak with too much unemployment and resources left idle.”

The APC stalwart also warned against wasteful spending amongst government officials, saying the government must spend money to yield economic returns for the benefit of the masses.

He said, “Fiscal wisdom but not necessarily austerity is required for an economy like ours in a time like this, to ensure equitable wealth redistribution and meaningful use of resources.

“The years have shown that the private sector is much too weak to spur the growth we need. If the private sector could manage this feat, it would have already done so. Where the private sector is too weak or unable, the government must fill the void.

“This means the government must not be afraid to embark on an active fiscal policy to create jobs, build infrastructure and develop our industrial sector as well as continue to improve agriculture. This means the government must spend money but spend it on those things that bring the requisite economic returns for the nation.”

The ex-Lagos governor also said job creation remained key to ending restiveness and criminality amongst Nigeria’s young population.

“While states and local government must shape their budgets to fit their revenues, the federal government can and should spend more to create more jobs for the youth in both the north and south which is key to eradicating restiveness and sundry criminality among the youth,” Tinubu opined, adding, “Urban populations are growing but urban jobs are not. Here, the government must implement a national industrial policy to encourage key industries to begin to employ this growing urban workforce.”

BIG STORY

Adron Homes Throws Grand Party To Celebrate Customers [PHOTOS]

Published

on

In a momentous gesture of gratitude and recognition, the Adron Homes Management Team orchestrated a surprise celebration at the esteemed West Park & Gardens Estate, Paradise City, Ayegun Adron City, Ibadan, Oyo State, Nigeria, on the 12th of May 2024. This grand event, meticulously organized by the Directorate of Estate at Adron Homes, aimed to honor and appreciate the valued residents and homeowners of this prestigious estate.

Under the distinguished chairmanship of Aare Adetola EmmanuelKing, the Chairman/CEO of Adron Homes, the event unfolded with an air of elegance and prestige. Accompanied by many top senior directors including :

Mrs. Ajobo Adenike – Deputy MD, Southern Nigeria;Ms. Shola Orunmuyiwa – Group Director Legal Bureau ;Engr. Stephen Ogunbiyi – Technical Director;Engr Sola Okanlawon – CPC Southern Nigeria;Arch. Bolaji Mustapha – PD Upland World;Mr. Christopher Adeogun-Director Internal Control & Compliance;Engr Kole – Chief Director Power & Energy ;TP Rotimi Dipeolu -Director of Physical Planning and Development ;Ms. Omotola Alonge – Director of Construction & Building Materials,Mr. Michael Oyadele -Director of Public Affairs; Engr Festus Fatunbi-Deputy Project Director Upland World;Mr. Kunle Aliyu -Director of Estate Western World and other esteemed Partners and consultants ,the occasion was a true testament to the community’s significance and vitality.

A highlight of the celebration was the official inauguration of the New Executive Committee of the West Park & Gardens Estate Residents Association (WEPAGERA) by the esteemed Chairman/CEO, Aare Adetola EmmanuelKing himself. With Mr. Idris Adejumo leading as Chairman and a stellar team of executives by his side,which include :

-Elder Abayomi Olatunji – Vice Chairman;

-Mr. Akintunde Akinpelu – General Secretary;

-Mrs. Aderonke Adelakun – Assistant General Secretary;

-Mr. Musbau Yekini – Financial Secretary/Treasurer;

-Mr. Babatunde Adesesan – Assistant Treasurer;

-Mr. Sakiru Opeyemi Aliu – Publicity Secretary;

-Mr. David Akinbi – Assistant Publicity Secretary;

-Dr. Sola Popoola – Ex-Officio/Adviser;

-Dr. Ademola Adebayo – Ex-Officio/Adviser;

-Grandma Esther Adeyemi – Ex-Officio/Adviser;

-Alhaji Ismail Adeyemi – Security Coordinator;

-Mrs. Gbemisola Adelakun – Projects/Maintenance Coordinator;

-Rev’d Olufemi Tokede – Zone 1 Coordinator;

-Mr. Oyewumi Adelakun – Zone 2 Coordinator;

-Mrs. Elizabeth Olade – Zone 3 Coordinator

the committee embodies a vision of unity, progress, and excellence, promising to steer the community towards greater heights.

Residents, professionals, and top senior officials from Adron Homes alike were swept up in the joyous atmosphere of the event. Questions were entertained by the Adron Team, fostering an environment of open dialogue and camaraderie. Residents were encouraged to embrace a culture of inclusivity and neighborly love, transforming West Park And Gardens Estates into a beacon of hospitality and warmth, attracting potential landlords seeking solace in its tranquil surroundings.

The Adron Homes Management Team pledged their unwavering support to the newly inaugurated WEPAGERA committee, vowing to work hand in hand to make West Park & Gardens Estate the epitome of excellence in the entire southwest region. The residents, in turn, expressed their heartfelt appreciation for this initiative, applauding the management of Adron Homes for their commitment to their well-being and happiness.

As the celebration drew to a close, filled with laughter, music, and entertainment, it symbolized not just a moment of revelry, but a reaffirmation of the strong bonds that unite West Park & Gardens Estate. In this enclave of luxury and harmony, residents and management alike come together to create a thriving and prosperous community, setting a shining example for others to follow.

See photos below:

 

Continue Reading

BIG STORY

Edwin, Dangote Industries’ Vice-President Bags Icon Award

Published

on

Members of the Democratic Youth Assembly of Nigeria (DYAN) have visited the Vice-President, Oil and Gas, Dangote Industries Limited (DIL), Mr. Devakumar Edwin, in his office at the corporate Headquarters of the Pan-African Conglomerate in Lagos during which they presented him with an award of “Icon of Delight Service”.

The body stated that the award is in recognition of Edwin’s his contributions toward Societal Development, Human Upliftment and Selfless Service to Humanity.

 

See photos below:

Continue Reading

BIG STORY

Fubara To Probe Wike’s Administration, Others

Published

on

The executive governor of Rivers State, Siminalayi Fubara, says a judicial panel of inquiry will be set up to investigate the management of the state’s resources and affairs under past administrations.

Fubara made this declaration on Monday while swearing in Dagogo Iboroma, a senior advocate of Nigeria (SAN), as the Rivers’ attorney-general and commissioner for justice, at the government house in Port Harcourt, the state capital.

“Let me also say this: you have a big task. We will be setting up a judicial panel of inquiry to investigate the affairs of governance. So, brace up; I am not going back on it,” the governor said.

Earlier on Monday, Iboroma was vetted and approved as a commissioner nominee by the Rivers House of Assembly, which is run by factional speaker Victor Jumbo.

Iboroma was appointed when Zacchaeus Adangor resigned in April.

“Please defend us. We know that you are going to defend us because your record is clean. You are a gentleman who is peaceful. You are not a noise-maker. People like you are endowed, and they have the fear of God,” Fubara told Iboroma.

Fubara succeeded Nyesom Wike, who is the current minister of the federal capital territory (FCT), as governor in May 2023.

He was the accountant-general under Wike.

In May 2022, the Economic and Financial Crimes Commission (EFCC) declared Fubara and 58 others wanted over an alleged N435 billion fraud.

  • This Is A New Era

Fubara said the swearing-in of Iboroma marked the beginning of a new era for his government, which he noted has moved on from the political crisis in the state.

“I am happy that this is happening today to mark the beginning of a new era in our administration. When I said that I had a reason for being patient, it is because I know that we are all from one family and if we have a disagreement, no matter how bad it is, it should be resolved amicably,” Fubara said.

“But it has become very clear that this disagreement, there is no way to resolve it amicably. And for a lot of reasons, there is visible evidence that there is sabotage and deliberate attempt to sabotage this administration.

“For that reason, we have to move forward. And moving forward, if it means taking decisions that are going to hurt anybody. We are not going back on the protection of the interest of Rivers people.”

  • The Crisis

The Rivers house of assembly has been polarised since 2023 following the rift between Fubara and Wike.

In December, 27 members of the assembly defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

The Rivers assembly has 32 seats. One lawmaker, Dinebari Loolo, died in September 2023.

In October 2023, Ehie Edison was elected speaker of the factional assembly, after his removal as house leader by members led by Martin Amaewhule, amid the plot to impeach Fubara.

Edison later resigned as a lawmaker to become chief of staff to Fubara.

The lawmakers in the Amaewhule-led faction are loyal to Wike.

The political crisis took a fresh twist last Wednesday after Jumbo, a lawmaker representing the Bonny state constituency, was elected factional speaker.

Last Friday, a state high court in Port Harcourt granted an interim injunction restraining Amaewhule from acting as a speaker of the Rivers assembly.

Charles Wali, the presiding judge, also restrained 25 other assembly members from parading themselves as legislators.

The motion ex parte was filed by Jumbo and two assembly members, Sokari Goodboy and Orubienimigha Timothy, loyal to Fubara.

 

Credit: The Cable

Continue Reading

Most Popular