Connect with us

Local News

NBS Report : Senate President Says Nigeria Is Not Doing Badly «

Published

on

images 2020 08 28T134724.867 NBS Report : Senate President Says Nigeria Is Not Doing Badly «

President of the Senate, Ahmed Lawan, on Thursday reacted to the National Bureau of Statistics’ second quarter 2020 Gross Domestic Product estimates which was published on Monday, saying Nigeria is not doing badly.
The NBS had disclosed that the nation’s GDP declined by –6.10% (year-on-year) in real terms in the second quarter of 2020, ending the three-year trend of low but consistently improving positive real growth rates recorded since the 2016/17 recession.
Consequently, for the first half of 2020, real GDP declined by –2.18% year-on-year, compared with 2.11% recorded in the first half of 2019.
Key players in the nation’s economy, including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry had said the government might not be able to service rising debts and fund budgets as the economy shrunk by 6.1 per cent.
But speaking with State House correspondents at the end of the virtual National Council of State meeting, Lawal said Nigeria was not doing badly.
He however said that did not mean that the government should be complacent.
While admitting that the nation still has a long way to go, the President of the Senate, said the government should continue to work on the post-COVID-19 economy.
He said, “We still have a long way to go, we are not where we would have loved to be, but when you are faced with COVID-19, you know that this is a global pandemic and no country has been spared and when you compare your performance in the area of economy with other giants, more robust economies like the USA and Germany, you’ll be happy that you have experienced only -6.10% downturn in your economy when others have 19, others have even more, those are economies that are stronger, that have put in more resources to address the COVID-19 challenges.
“We have tried to put in what we can, but I think the secret here is we have been able to sustain what we are doing even with lesser resources, but I think -6.10%, as reported by the NBS, that’s the downwards turn in our GDP.
“Ordinarily we shouldn’t be happy with it, but in the current circumstance where every country is experiencing this kind of thing, South Africa, the second largest economy in Africa, is experiencing worse.
“We are not doing badly, but that is not to say we should be complacent, I think we should continue to work on the post-COVID-19 economy that we are looking at.
“We should continue to invest to ensure that we protect the employment of our people so that our people don’t fall into joblessness. We should provide palliatives as much as we can for those who are so disadvantaged and require the support of the federal government.
“The sub nationals, the states should also should continue to support the Federal Government in its efforts to keep everybody afloat and I believe that though our resources are scarce, but I think we are facing the right direction and for us in the National Assembly, we’ll continue to approve good policies of government, especially when it comes to areas that will touch the lives of the most ordinary man to help survive this situation and even to help him do better after the COVID-19.”

Continue Reading
Comments

Local News

Wike Signs Executive Order Proscribing IPOB, Lifts Curfew

Published

on

images 2020 10 29T090400.768 Wike Signs Executive Order Proscribing IPOB, Lifts Curfew

Rivers State Governor , Nyesom Wike, has signed an executive order to reinforce the ban on Indigenous Peoples Organization of Biafra and its activities in the State .
The governor maintained that while Rivers remains the home to all tribes and ethnic nationalities , the state government is opposed to the presence and activities of the legally proscribed and anarchic IPOB and whatever it stands for in Rivers State .
Governor Wike, in a state broadcast on Wednesday night, said while the Government acknowledges and appreciate the enormous contributions from non-indigenes to the political, social , and economic development of the State , it will neither accept nor allow any individual or group from within and outside to violate the peace , endanger lives and property under any guise in the State .
“ And so, let it be understood that we have nothing against all or any specific tribe and will continue to live in peace with people of all other tribal extractions residing or doing business in Rivers State.
“ But we have everything against the presence and activities of the legally proscribed and anarchic Indigenous People of Biafra ( IPOB ) and whatever that group stands for in Rivers State .
“ This is clearly a terrorist group whose existence, creed, mission and activities are strongly denounced even by the Government and peoples of South- Eastern States of the country. I have therefore signed the executive order to reinforce the total ban on IPOB and its activities in Rivers State or any part thereof and nothing will stop us from enforcing this ban in its entirety ,” he said.
Wike said he has also directed security agencies and the Chairmen of Local Government Areas to fish out and resolutely deal with any member of IPOB found in any community in terms with the executive order and other legal instruments .
With restoration of normalcy in the Diobu area of Port Harcourt , the Governor announced the lifting of existing curfew on Mile 1 , Mile 2 , Iloabuchi , Emenike and Ikokwu areas of Port Harcourt as well as Rumukurushi in Obio/ Akpor Local Government Area of the State .
“ However, the curfew in Oyigbo Local Government Area shall remain in force until further notice while the entire Ikokwu motor spare market shall remain closed , also , until further notice ,” he said.

Continue Reading

Local News

Nigeria Air Will Be Delivered Before 2023 – Sirika

Published

on

images 2020 10 29T090134.354 Nigeria Air Will Be Delivered Before 2023 - Sirika

Hadi Sirika, the minister for aviation, says plans are underway to ensure that Nigeria Air, the national carrier, is delivered before the end of the Muhammadu Buhari-led administration.
Sirika was addressing journalists on after appearing before the senate committee on aviation for the 2021 budget defence by the ministry and its agencies on Tuesday.
“We are on it. The transaction adviser has brought in the outline business case. It is being reviewed by the Infrastructure Concession Regulatory Commission (ICRC),”.
“Soon after its completion, it will go to the federal executive council for approved. We will not leave this government without having it in place.”
Hadi Sirika, the minister of aviation, had unveiled the national carrier project at the 2018 Farnborough International Airshow in London.
However, Lai Mohammed, the minister of information and culture, said the project was suspended due to investor apathy.
On the need to site another airport in Lokoja, the Kogi state capital, as an alternate to Nnamdi Azikiwe International Airport Abuja, Sirika said: “Lokoja is a cosmopolitan town, it’s a mini Nigeria and it is extremely very important in the growth and development of our country”.
“We have a lot of agricultural activities there. There is fishery, there is perishable item production and so on.
“So siting an airport there is quite apt. For me, it is something we should have done long ago for its importance.”
The minister also explained that the federal government is addressing the issue of dilapidated equipment at some airports across the country one after the other based because there are not enough resources to carry out such all at once.
While addressing the committee, Sirika said 10 new airports will be constructed across the country to boost civil aviation.
“There are airports coming up in Benue, Ebonyi, Ekiti, Lafia, Damaturu, Anambra and so forth. All of these show that civil aviation is growing during this administration,” he said.
“So, we have about 10 new airports coming up; that is almost half the number of airports we used to have in Nigeria. We are adding 50 percent of the number of airports.
“Certainly we are making Ilorin one of the best airports because in the first place it is an alternate for Lagos”
He also noted that Kebbi, Osubi, Dutse, Jigawa airports have been taken over by the federal government and the Gombe state government has also written to the federal authorities, asking it to take over the Gombe Airport.

Continue Reading

Local News

#WTO – DG : Okonjo – Iweala Suggested As New WTO Chief , But US Vetoes

Published

on

images 2020 10 28T153155.293 #WTO - DG : Okonjo - Iweala Suggested As New WTO Chief , But US Vetoes

The World Trade Organization’s General Council Chair David Walker said Wednesday that Nigeria’s Ngozi Okonjo-Iweala had garnered the most support among WTO members to become the next global trade chief, a WTO spokesperson said.
The United States said, however, it could not support the candidacy of Okonjo-Iweala and said it would continue to back the South Korean candidate Yoo Myung-hee.
Walker and his colleagues have finished a long process of consultations, where each member could indicate their preference. Walker told WTO ambassadors Wednesday that Okonjo-Iweala, and not Yoo, was most likely to secure a consensus among the membership, which is needed to select the next chief of the global trade organization.
However, the suggestion of Walker and his colleagues is not the final step of the process as some members can veto their suggestion, which the U.S. now threatened to do.
WTO members must formally decide in their General Council meeting who becomes the next director general. This meeting will happen on November 9. Before then, there will be consultations.

Continue Reading

Trending