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President Tinubu’s 50-Member Emergency Teams Get Six Months To Fix Economy

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, on Wednesday established a 31-man Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian Governors Forum, among others.

A 19-member Economic Management Team Emergency Taskforce was also formed by Tinubu, who gave them instructions to convene twice a week and produce a detailed six-month plan of economic interventions by 2024.

The Federal Executive Council gave its approval to the Economic Management Team Emergency Taskforce on Monday.

The President ordered that the six-month plan be put into action right away, within two weeks of the EET’s inauguration.

The EET comprises ministers, four governors and some members of the economic management team as well as the private sector.

The EET is to report to the Presidential Economic Coordination Council headed by Tinubu.

The PECC comprises 13 ministers, the Central Bank of Nigeria Governor, Yemi Cardoso, and the Chairman of the Nigeria Governors’ Forum, Governor Abdulrahman Abdulrazaq of Kwara State, among others.

The council also includes 13 persons drawn from the organised private sector including Chairman of Dangote Group, Aliko Dangote; UBA Chairman, Mr. Tony Elumelu; BUA Founder, Abdulsamad Rabiu, among others. The members of the organised private sector would serve on the council for a one-year tenure.

Tuesday’s move is “in furtherance of his administration’s efforts at re-engineering the nation’s economic governance framework,” the Presidency said in a statement signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale.

The statement is titled ‘President Tinubu establishes comprehensive economic coordination and planning system for Nigeria.’

It comes weeks after the President created an economic advisory committee comprising the federal government, sub-nationals and the private sector, on February 25.

Upon assuming office 10 months ago, the Tinubu administration discontinued subsidies on petrol, which, he said, would save the government monies for infrastructural expansion.

He also unified the foreign exchange rates to curb currency arbitrage.

However, these moves sparked major instability in the value of the naira and heaped hardship on Nigerians as food prices soared.

In February 2024, N1,900 was exchanged for one USD in the black market.

The naira has recently seen a steady climb against the US dollar, exchanging N1,300/$ at the official market on Wednesday.

Ngelale who announced the economy-focused initiatives said the setting up of the PECC and the EET was a strategic move to ensure robust and coordinated economic planning and implementation to tackle the challenges head-on.

Members of the PECC include President Tinubu as Chairman, Vice President Kashim Shettima as Vice-Chairman; President of the Nigerian Senate; Chairman, Nigeria Governors’ Forum; Coordinating Minister for the Economy and Minister of Finance; Governor of the Central Bank of Nigeria; Ministers of Agriculture and Food Security; Aviation and Aerospace Development and Budget and Economic Planning.

Others include Ministers of Communications, Innovation and Digital Economy; Industry, Trade and Investment; Labour and Employment; Marine and Blue Economy; Power; State, Petroleum Resources; State, Gas; Ministers of Transportation and Works.

Other members representing the organised private sector include Ms. Amina Maina, Mr. Begun Ajayi-Kadir, Mrs. Funke Okpeke and Dr. Doyin Salami, Mr. Patrick Okigbo, Mr. Kola Adesina, Mr. Segun Agbaje, Mr. Chidi Ajaere, Mr. Abdulkadir Aliu and Mr. Rasheed Sarumi.

Tinubu mandated the EET to formulate and implement a consolidated emergency economic plan in “furtherance of the President’s collaborative approach toward achieving economic resilience and growth.”

Members include the Coordinating Minister of the Economy and Minister of Finance who serves as Chairman, Minister of Budget and Economic Planning, Minister of Power, Minister of Agriculture and Food Security, Coordinating Minister of Health and Social Welfare, and Minister of Industry, Trade and Investment.

Others are the Governor of the Central Bank of Nigeria, National Security Adviser, Chairman, Nigeria Governors’ Forum, Governor of Anambra State, and Governor of Ogun State.

The Governor of Niger State, Executive Chairman, Federal Inland Revenue Service, Director-General, Budget Office of the Federation, GCEO, NNPC Limited, Director-General, Nigeria Economic Summit Group, Special Adviser to the President on Energy, Economists, Dr. Bismarck Rewane and Dr. Suleyman Ndanusa are also members.

On the operations of the EET, the Presidency said “Over the next six months, the EET will focus on the rapid implementation, monitoring, and evaluation of critical initiatives, strengthening the Tinubu-led administration’s collective approach to advancing Nigeria’s economic objectives.”

It also revealed that the Economic Management Team, established in October 2023, and chaired by the Coordinating Minister for the Economy and Minister of Finance, Wale Edun, would serve as the working group under the PECC, “playing a crucial role in the economic governance structure established by the president.”

Consequently, the Economic Management Team, which traditionally meets monthly or as required, will suspend all meetings for the duration of the EET’s six-month mandate.

The EMT comprises the Coordinating Minister for the Economy and Minister of Finance, who served as its Chairman, Governor of the Central Bank of Nigeria, Minister of Budget and Economic Planning, Minister of Industry, Trade and Investment, Minister of Communications, Innovation and Digital Economy, Minister of Works, and Minister of Labour and Employment.

Other members are Minister of Agriculture and Food Security, Minister of State, Petroleum Resources, Minister of State, Gas, Minister of Power, Minister of Transportation, Minister of Aviation and Aerospace Development, and Minister of Marine and Blue Economy.

The Presidential Spokesman, Ngelale, noted that, “The Chairman of the EMT may, as needed, call on any Federal Minister or Head of Agency to brief the EMT on key programmes and developments affecting the economy.”

He noted that the President’s formation of the PECC, under his Chairmanship, alongside the creation of the EET, led by the Chairman of the EMT, and the EMT itself, manifests a unified strategy aimed at enhancing Nigeria’s economic management architecture for verifiably improved performance.

“The formation of these teams will complement existing economic governance structures, including the National Economic Council , which is chaired by the Vice-President,” the statement read.

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Two Brothers In Police Net For Alleged Gang-Rape In Ogun

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Olamijuwon Noibi and Lukman Olatunbosun, two brothers, have been taken into custody by the Ogun State Police Command on charges of gang rape at Oke Eri, Atan Ijebu Area, Ogun.

A trustworthy law enforcement source, on Thursday, revealed that Noibi had tricked Aminat Yakub into coming to his flat, where he then allegedly sexually abused her while plotting with Olatunbosun, his younger sibling.

Yakub was allegedly invited by Noibi to visit his mother on Saturday, but when she got to his residence, she didn’t get to see her.

After making her consume an alcoholic beverage called “Bullet,” he allegedly physically attacked her before raping her.

According to The Punch, Noibi was also coerced his younger brother, Olatunbosun, with a knife so he could join him in the act, and filmed both of them while they were having sex.

When contacted, the spokesperson for the Ogun Police Command, Omolola Odutola, confirmed the incident and said that the suspects had been arrested and would be transferred to the State Criminal Investigation Department for a discreet investigation.

“On the 24/4/2024, at about 13:00hrs, one Aminat Yakub ‘F’, Aged 21 years, of Main Estate Oke Eri Area, came to the station and reported that on the 21/4/2024, at about 12:30hrs, she went to the house of one Olamijuwon Noibi ‘M’ at Oke Eri on invitation to come and greet his mother. When she got there, she discovered that his mother was not at home.

“Juwon forcefully pushed her into his room, then forced her to drink Black Bullet and forcefully had sex with her twice after a serious beating. He later invited his younger brother, Lukman, to come and have sex with her but when his younger brother refused, he took a knife threatening to kill both of them. In the end, his younger brother ended up having sex with her after a serious beating and equally took a video of them.

“Upon the receipt of the complaint, the team of patrol led by Asp Ayoola Alidu at the station and went to the scene of incident. The two alleged suspect was arrested one Olamijuwon Noibi, ‘M’, Age 27 Yrs and one Lukman Olatunbosun, ‘M’, Age 20 yrs,” a police statement.

The PPRO noted that both brothers confessed to the alleged crime, and the victim was taken to the General Hospital Ijebu-Ode for examination, saying that the suspects would soon be transferred to the State Criminal Investigation Department for “discreet investigation and further development will be communicated.”

Earlier report had it that the operatives of the Rivers State Police Command had arrested a 30-year-old man identified as Jeffrey for allegedly defiling the teenage daughter of his landlady in an estate in Abuloma, Port Harcourt Local government Area of the state.

It was learnt that the suspect, who had a tailoring shop at the estate, lured the 13-year-old girl to his business place one evening under the guise of showing her clothes.

But Jeffrey ended up locking the shop, overpowered the girl, and allegedly had his way with her.

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Lagos Government Pays N1.5bn WASSCE Fees For 58,000 Students

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58,000 pupils will be registered for the 2024 West African Senior School Certificate Examination this year, with the state government spending N1.5 billion, according to Tolani Alli-Balogun, Commissioner of the Lagos State Ministry of Basic and Secondary Education.

In announcing the ministry’s efforts to mark the first year of Governor Babajide Sanwo-Olu’s second term in office, the commissioner made this statement on Thursday.

On May 29, 2023, Sanwo-Olu took the oath of office for a second term as governor, vowing in his inauguration speech to disappoint the people of Lagos.

The commissioner, who spoke at the state secretariat, said, “The administration of Babajide Sanwo-Olu has never defaulted on the payment of WASCCE fees of all public school SS3 students in the four years of Governor Sanwo-Olus’s first term in office. The state government paid over N4.2bn between 2020 and 2023 to keep our promise of full payment of the West African Senior School Certificate Examination fees.

“In the current school year (2024), the governor has approved the sum of N1,571,076,000 as registration fees and other cost for 58,188 SS3 students writing the West African Senior School Certificate Examination.”

Last year, the West African Examination Council, which conducts WASSCE, noted that it had concluded plans to begin computer-based examinations in 2024.

It released the results of the first-ever CBT exam, 2024–First Series, in March this year.

The analysis of candidates’ performance showed that out of the 8,139 candidates that sat the examination, 3,424 candidates representing 42.07 percent obtained credit and above in a minimum of five subjects (with or without English Language and/or Mathematics).

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Dana Air Has Been Flying With Unhealthy Status, We’ll Audit All Local Airlines — Aviation Minister Keyamo

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Festus Keyamo, minister of aviation and aerospace development, says Dana Airline has been flying with an unhealthy status for a while now.

In an interview on Channels television on Thursday, Keyamo said that an audit report completed by his predecessor verified the airline’s unhealthy status and that internal reports from two years ago demonstrated that Dana Air was unfit to operate.

He also stated that the airline’s repeated incidents prompted him to call for a suspension.

Replying to the criticisms that trailed the suspension, Keyamo said he never wrote to the airline but instructed the Nigeria Civil Aviation Authority (NCAA) to do so.

“Before I came into office, I am sure you have heard consistent incidents involving perhaps Dana Airline, to mention a few of them. I am sure you heard that, at a point, on approach to the runway, the door flew open,” the minister said.

“I am sure you know that popular incident. Who are the engineers that are supposed to look at this? Who are the engineers that are supposed to check for the safety of the aircraft and its parts?

“There are also incidents involving one or two of its aircraft at different times, consistent. Of course, after the fatal crash of Dana, the other time that killed Nigerians.

“There were internal reports before I came in under my predecessor about a series of infractions by Dana Airline and the conclusion was that they were not healthy enough to fly but they went into the skies after such a report. What they did, how they did it before they told them to start flying again, we don’t know.

“While we argue back and forth about who has power and who doesn’t have power, the point is that the flying public is at risk, and if any tragic incident happens, it is the minister that would be called to resign. Nigerians will not spare the minister.

“For me, the last thing I want to happen to me as minister of aviation is to have blood on my hands. I mean the blood of innocent Nigerians as a result of either the negligence, deep complicity or corruption of those who are supposed to be regulators of the aviation industry.

“As minister, my job is to supervise them and to ensure that they carry out their duties. My duty is not to regulate. For those quoting the law, they should know that I know the law more than them.”

Speaking on the irregularities in the aviation sector, Keyamo said “there is deep complicity within the system”, stressing that the cleansing process would start and continue until they are resolved.

The minister said if the aircraft in the country’s aviation sector are not properly checked, then there will be “flying coffins” in the air.

He said beyond the suspension of Dana Air, the NCAA would carry out a comprehensive audit of all local airlines in the country to guarantee the safety of passengers and the health of the civil aviation industry.

On April 24, Keyamo directed the NCAA to suspend the operations of Dana Air after one of its aircraft veered off the Lagos airport runway on April 23.

Reacting to the suspension, the Aviation Safety Roundtable Initiative (ART) said it was unlawful for the minister to direct the NCAA to suspend an airline, urging the minister to respect the autonomy of the regulator.

Describing the directive as “external interference”, the aviation group advised the minister to focus his efforts on policy issues that positively impact the airline industry.

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