Headline

65 World Leaders Set to Grace May 29 Presidential Inauguration As FG Releases Programme of Events

Published

6 months ago

May 19, 2023

Eric

About 65 world leaders, including Heads of State, have been invited to grace the inauguration of the President-elect, Bola Tinubu, who will be sworn in as the 16th President of Nigeria on May 29.

Also expected at the nation’s seventh transition ceremony are past presidents, diplomats, heads of international organisations and prominent Nigerians and representatives of foreign governments and agencies.

The inauguration programmes will begin on Thursday with the investiture of Tinubu with the Grand Commander of the Order of the Federal Republic and the Vice-President-elect, Kashim Shettima, as the Grand Commander of Order of the Niger.

A director in the Ministry of Foreign Affairs confirmed to The PUNCH on Thursday that several African leaders had indicated interest in attending the inauguration ceremony which would take place at Eagle Square, Abuja.

“We have 54 countries in Africa and most of them have been invited to the inauguration; so, we don’t expect less than 65 world leaders from Africa, Europe and America at the event,’’ said the director, who spoke on the condition of anonymity because he was not authorised to speak on the issue.

Representatives of Nigeria’s traditional allies such as the United States, the United Kingdom, Canada, France, Saudi Arabia, United Arab Emirates, Pakistan, China, Germany, Finland, Jamaica, Japan, Israel, Turkey and several others are expected at the high-profile event.

Addressing journalists in Abuja on Thursday as activities for the transition of power to the incoming administration began, the Secretary to the Government of the Federation, Boss Mustapha, disclosed that scores of world leaders would attend the event.

The preparation for the swearing-in of the former Lagos State governor is gathering steam as the battle to nullify his election victory by the standard bearer of the Peoples Democratic Party, Atiku Abubakar and his Labour Party counterpart, Peter Obi continues at the Presidential Election Petitions Court.

On Thursday, the PEPC adjourned further proceedings in Atiku’s petition till Friday (today) to continue further pre-hearing sessions as well as to hear pending applications that were filed by the respondents.

The Justice Haruna Tsammani-led panel said the court would decide on the number of witnesses that would be allowed for each of the parties, the time to be allocated to them, as well as the time to be allowed for cross-examination.

He urged the parties to put heads together and agree on further modalities to be adopted.

The court had similarly adjourned Obi’s petition till today following the failure of the parties to harmonise the documents germane to their pleadings.

But unveiling the inauguration programmes, Mustapha, who doubles as the Chairman of the Presidential Transition Council, disclosed that Tinubu and the Vice President-elect, Kashim Shettima would be honoured with the Grand Commander of the Order of the Federal Republic and Grand Commander of Order of the Niger, respectively, on May 25.

Reeling out the activities for the event, he further disclosed that transition documents would be handed over to Tinubu and Shettima on the same day.

At the resumed hearing on Thursday, Ekwo adjourned the matter after Nwachukwu addressed the court on the issue of locus standi, jurisdiction and whether the matter is not already before the presidential election petition court.

In his argument, the counsel told the court that it had jurisdiction to hear the matter since the plaintiffs are not parties to the petition currently before the presidential election petition court.

In a related development, Ali Ali, the Coordinator of the Peace and Stability Initiative, said the group had uncovered plans by local and foreign interests to thwart the May 29 inauguration of the new administration.

In a statement on Thursday, Ali said foreign agents collaborating with local organisations masquerading as civil society groups are at the centre of the plot.

He said the plans had been in the works since Tinubu was announced as the president-elect on March 1.

“These agents of destabilisation have not relented in their evil plots even though we are just a few days away from the May 29, 2023 inauguration of a new central government that will be led by the President-elect, Asiwaju Bola Ahmed Tinubu,” the statement read.

The Punch

Headline

Tinubu Presents N27.5tr 2024 budget to NASS, Seeks Speedy Passage

Published

13 hours ago

November 29, 2023

Eric

President Bola Tinubu, on Wednesday, presented the Appropriation Bill of the Federal government for the year 2024 tagged ‘Budget of Renewed Hope’ to a joint session of the National Assembly.

This is the president’s first budget presentation to the National Assembly since assuming office on May 29.

The President arrived at the National Assembly for the presentation of the 2024 budget at about 11:09 am accompanied some ministers and aides. and senior officials.

He was led into the chamber of the House of Representatives for the presentation of the N27.5trillion Appropriation Bill to a joint session of the National Assembly which began after the rendition of the National Anthem and opening prayers.

The Federal Executive Council (FEC)on Monday approved N27.5 trillion as the 2024 budget estimate.

It will be recalled that Tinubu had about three weeks ago forwarded the 2024-2026 Medium Term Expenditure Framework ( MTEF) and Fiscal Strategy Paper ( FSP), proposing an expenditure of N26.1 for the 2024 fiscal year.

After two weeks of deliberations and interface with heads of Ministries, Departments and Agencies on the revenue and expenditure projections, the Senate through its Committee on Finance approved the MTEF.

It specifically approved the N26.1 trillion proposed as 2024 budget and other parameters proposed by Tinubu.

It also approved new borrowings of N7.8 trillion, while pegging the oil price benchmark for 2024 at $73.96 and oil production at 1.78 million barrels per day.

Other parameters approved are GDP growth rate of 3.76 per cent, the inflation rate of 21.40 per cent, a suggested benchmark exchange rate of N700 to $1 and a projected budget deficit of N9.04 trillion.

Headline

Emefiele Yet to Meet Bail Conditions, May Stay in Prison Till 2024

Published

1 day ago

November 28, 2023

Eric

A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving a former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.

The court adjourned the trial of the former apex bank chief to January 18 and 19, 2024 for continuation of trial.

Emefiele is standing trial on a six count amended charge on alleged procurement of vehicles to the tune of N1.6billion.

He had pleaded not guilty to the charges.

He was granted bail on November 17, 2023 to the tune of N300million and two sureties, but remanded at the Kuje Correctional Centre, pending when he meets his bail conditions.

At the resumed hearing, the prosecution witness, who is a top official of the Corporate Affairs Commission (CAC) told the court that the Emefiele is not the owner or a shareholder of the April1616 Investment Limited awarded N1.2 billion vehicle supply contract by CBN under his watch.

He was led in evidence by counsel for the Economic and Financial Crimes Commission (EFCC), Mr. Rotimi Oyedepo , while tendering several documents on how the company was incorporated on August 1, 2016.

He further read out the names of the shareholders of the company as Aminu Yaro, Maryam Abdullahi and Saadatu Yaro as joint owners of the entity.

Emefiele’s lawyer, Mathew Burkaa, who declined to speak on camera, said Emefiele is yet to meet his bail conditions.

Counsel for the Economic and Financial Crimes Commission (EFCC) and the Federal government declined to speak on the day’s proceedings.

Headline

One Year in Office: Adeleke Gives Scorecard, Pledges Continuous Democracy Dividends

Published

2 days ago

November 27, 2023

Eric

By Eric Elezuo

The Governor of Osun State, Ademola Adeleke, has felicitated with the people of Osun State as his administration marks one in office.

In the statement he personally signed, the governor informed that the last one year has been characterized by reconstruction and reconfiguration of various of the state’s economy, adding that the administration has been able to navigate through “numerous land mines deliberately set by the past administration to frustrate our administration” to provide appropriate leadership and benefits for the people of Osun state.

Adeleke further intimated that he is on a working visit to Europe and Asia, where he hope to attract investment opportunities foe the state.

The governor highlighted stability of the civil service, improved intercity road networks, surgical and medical outreaches as well as the #Imole100BInfrastructure as some of the laudable achievements of his administration in the last one year.

Below is the detailed statement:

It is one year ago today since our administration came into office. It has been a year of reconstruction and reconfiguration across the various sectors of the osun economy.

Due to the current economic situation in the state and our country in general, I have directed that this anniversary be conducted in a low key atmosphere. I remain committed to prudent use of our scarce resources on more pressing issues.

I am currently on a working vacation to Europe and Asia where I am advancing partnership discussion with potential investors needed to improve our state economy.

It is important to recognize the enormous challenges and obstacles we have overcome and the progress we have made thus far. Despite the numerous land mines deliberately set by the past administration to frustrate our administration, we have developed a robust mechanism to successfully navigate and overcome these challenges.

We have stabilized the state civil service with continuous commitment to the welfare of the state civil servants and pensioners, this we will continue to focus on in fulfillment of a critical part of our 5 point agenda.

We have massively improved intracity road network across the state by constructing over 90KM of roads, completion of the Phase II of Òṣogbo-Ikirun road and ongoing construction of Osun ring road (Ona Baba Ona) both abandoned by the past administration.

We have embarked on surgical and medical outreach that benefited over 50,000 vulnerable citizens. Also, we have completely rehabilitated over 31 schools across the state.

Recently, I launched the #Imole100BInfrastructure that focuses on education, health, road construction and water. These are critical sectors that we have identified to urgently revamp for the sustainability and development of the state economy.

I am happy to share that as we move forward, the positive results of our collaborative efforts for the past one year are expected to bear fruit. With projected increase in our internally generated revenue and prudent application of public funds, our infrastructure plan will be fully funded without seeking external loan.

Today, I re-affirm my commitment to serving with the fear of God and focused on delivering on my 5 point agenda as promised during the campaign season.

I thank you for your continuous support and prayer as you continue to support our efforts to develop our dear state.