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Fuel Subsidy Removal, Forex Unification: We’re On Track – Tinubu
President Bola Ahmed Tinubu has expressed confidence that his administration is on the path to success despite the country’s challenges, saying Nigeria has no reason to fail the African continent.
Dele Alake, Special Adviser to the President on Special Duties, Communication, and Strategy, said Tinubu disclosed this while receiving visiting Bank of America officials in his office at the State House on Tuesday.
Tinubu stressed that his government was committed to instituting reforms that would engender sustainable growth and development in the country.
“We believe we are on the right track so far. We believe we need all the help we can get,” the President said as he asked the bank’s management for support and partnership to advance mutual benefits for Nigeria and the financial institution.
President Tinubu said the governance and development challenges facing the country cannot be addressed without fiscal and institutional reforms.
“Twenty-first-century actions on climate change, finance, and innovation are intertwined.
Having a good platform and believing in innovation will help in undertaking reforms and tackling the issues.
This is the largest economy and democracy in Africa, and if we cannot do it, nobody will do it for us,” he said.
Affirming that no one can do it alone, President Tinubu made a case for the bank and other willing financing institutions to help the country, for instance, by partnering to ensure Nigerian gas competes favourably in the global market as a viable source of alternative revenue.
Within a month of the President’s inauguration, Tinubu announced reforms such as fuel subsidy removal, foreign exchange window unification, and other policies resulting in immediate macroeconomic effects such as price hikes for transportation, goods, and services.
The Minister of Justice, Lateef Fagbemi, SAN has warned against obstructing the Economic and Financial Crimes Commission (EFCC) from carrying out its lawful duty .
Fagbemi’s warning is contained in a statement in Abuja.
“This is a matter of very grave concern, it is now beyond doubt that the EFCC is given power by the law to invite any person of interest to interact with them in the course of their investigations into any matter, regardless of status.
“Therefore, the least that we can all do when invited, is not to put any obstruction in the way of EFCC, but to honourably answer their invitation.
“A situation where public officials who are themselves subject of protection by law enforcement agents will set up a stratagem of obstruction to the civil and commendable efforts of the EFCC to perform its duty is to say the least, insufferably disquieting’’.
He added that running away from the law will not resolve issues at stake but only exacerbate them.
“Nigeria has a vibrant judicial system that is capable of protecting everyone who follows the rule of law in seeking protection.
“I therefore encourage anyone who has been invited by the EFCC or any other agency to immediately toe the path of decency and civility by honouring such invitation instead of embarking on a temporising self-help and escapism.
“This can only put our country in bad light before the rest of the world’’.
He said institutions of state should be allowed to function effectively and efficiently.
“I stand for the rule of law and will promptly call EFCC, and indeed any other agency to order when there is an indication of any transgressions of the fundamental rights of any Nigerian by any of the agencies’’.
NAN reports that the EFCC had on Wednesday warned members of the public that it was a criminal offence to obstruct officers of the Commission from carrying out their lawful duties.
Section 38(2)(a(b) of the EFCC Establishment Act makes it an offence to prevent officers of the Commission from carrying out their lawful duties. Culprits risk a jail term of not less than five years.
The warning , the EFCC said, became necessary against the background of the increasing tendency by persons and groups under investigation by the Commission to take the laws into their hands by recruiting thugs to obstruct lawful operations of the EFCC.
On several occasions, the anti graft agency said, operatives of the Commission have had to exercise utmost restraint in the face of such provocation to avoid a breakdown of law and order.
Some unknown gunmen have kidnapped Joshua Rogers, the ChannelsTV reporter in Port-Harcourt, the Rivers State capital.
Politics Nigeria learnt that Rogers was picked up close to his residence at Rumuosi in Port Harcourt and to an unknown destination by the gunmen around 9pm on Thursday, April 11.
The reporter was driving his official ChannelsTV branded car when the hoodlums accosted, pointed a gun at him and took him away in the same vehicle.
Rogers was said to be returning from his official assignment in Government House after a trip to Andoni for a government event when the incident happened.
Already, the gunmen were said to have contacted his wife and demanded a N30million ransom for bis release.
His cameraman confirmed the incident and appealed to his abductors to set him free unconditionally.
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