News
Tinubu’s Economic Team’s Flawed, Say Experts
Some economic experts have picked holes in the composition of the economic team set up by President Bola Tinubu, describing it as flawed.
Tinubu, on Wednesday, approved the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) to tackle the prevailing economic challenges in the country.
The PECC is made up of President Bola Tinubu as Chairman and Vice President Kashim Shettima as Vice Chairman.
Other members are, 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 and other relevant Ministers.
The council will also have some members of the organized private sector, joining for a period not exceeding one (1) year, subject to the President’s directive
They are Alhaji Aliko Dangote, Mr. Tony Elumelu, Alhaji Abdulsamad Rabiu, Ms. Amina Maina, Mr. Begun Ajayi-Kadir among others.
But economic experts who spoke with Daily Trust on Thursday said the composition was flawed, saying it was composed of stakeholders with vested interests.
A Professor of Economics and the Director, Centre for Economic Policy Analysis and Research, at the University of Lagos, Ndubisi Nwokoma, argued that a professional body such as the Nigeria Economic Society would have made a greater impact in the committee.
He said: “The composition of that team is somewhat flawed because these are stakeholders who all have interest in the economy. If you bring in people who have interest, they would protect their own interest; they would protect their own businesses.
“They would be thinking of policies that actually would favour them, nobody would go into a discussion that would work against him.
“I think bringing professional bodies like the Nigerian Economic Society, these are purely intellectuals, people that don’t have any stake who are not business men, who are just looking at the contextual issues and looking at the direction of government and find out where the government ought to take the economy to and what should be done to get there.”
He expressed concern that the country’s economy has been consumption based, saying: “In terms of where the economy should go, I think fundamentally we have gotten it wrong as a country, I think we need to look at the fundamental issues in terms of the structure of the economy.”
Also speaking, Professor Adeola Adenikinju of the Department of Economics, University of Ibadan and Vice President of the Nigerian Economic Society (NES) while hailing the composition of the committee as timely, however raised issues with its composition.
According to him, the committee is composed of largely government assisted people, who are going to benefit from the expected policies they are coming up with.
“Every government needs to have a body of experts to advise them on the efficacy of policies put in place and what are the new policies to ensure the economy works better.
“In terms of the composition, the intellectuals, the experts who are working in this area are not there. What you see are largely government assisted people who are interested in one contract or the other. So they are not going to be neutral in terms of the advice they are going to give. There is a likelihood that they would want to protect their interest. You don’t have lecturers; you don’t have the Nigerian Economic Society, who are on the intellectual side of the society,” he submitted.
News
Stampede: Several Killed, Injured in Abuja, Anambra in Rush to Receive Palliatives
Not fewer than 10 persons have reportedly died on Saturday morning while several others were injured in a stampede at the Holy Trinity Catholic Church in Maitama, Abuja, during the distribution of food items to vulnerable and elderly individuals.
The Police Public Relations Officer, FCT Police Command, SP Josephine Adeh, said the incident, which happened around 6:30am, resulted in a stampede that claimed the lives of 10 individuals, including four children, and left 8 others with varying degrees of injuries.
While four of the injured have been treated and discharged, the remaining victims are currently receiving medical care.
The FCT Police Rapid Response Squad and the FCT Joint Task Force said they had successfully evacuated the remaining crowd, which numbered over a thousand.
“The FCT Police Command extends its heartfelt condolences to the families of the deceased and wishes a swift recovery to the injured. In a show of compassion and support,” adding that the Commissioner of Police, CP Olatunji Disu has visited the victims in the hospital to offer assistance and reassurance during this difficult time.
To prevent such tragic incidents in the future, the command has mandated all organisations, religious bodies, groups, or individuals planning public events, charitable activities, or large gatherings in the FCT, to notify the police command in advance.
“This notification is crucial for the deployment of adequate security measures to ensure public safety and prevent avoidable tragedies.
“Failure to comply with this directive will result in the organizers being held liable for any incidents or loss of life resulting from negligence,” the statement added.
Similarly in Anambra State, an undisclosed number of people were reportedly trampled to death in Okija, venue of the collection of Christmas rice largesse donated by an indigene of the community.
The Police Public Relations Officer, Anambra State Police Command. SP Tochukwu Ikenga, stated that the incident happened in the early hours of Saturday at Okija.
Preliminary information revealed that the incident occurred when a known philanthropist from the Okiaja community, on his yearly schedule activities, was distributing some palliatives to the members of the community to provide succour to the less privileged, according to the police statement.
“Unfortunately, before the event could start, a large number of uncontrolled persons took over the event area which resulted in a stampede,” the police statement said.
In a video posted online, male voice was heard saying: “These are people (referring to the corpses lying on the ground) who went to share rice at Obi Jackson’s house. We are at Our Ladies (Hospital) now. They were trampled to death. Look at them (about 15 in number), they went to get a share of Obi Jackson’s rice and they were trampled to death. Look at them, including women. They were trampled to death. This person is dead. It’s happening now. Look at many dead bodies everywhere. They are at Our Ladies now. Just watch and see. There are many of them, even pregnant women are among them. It’s happening now, 21st December, it’s an abomination. Look at them, they are still bringing more people. They said some are still unconscious and they are bringing them too. It’s an abomination.”
Our Ladies is a ‘big’ hospital in Ihiala, Anambra State.
The Anambra Police Command, in a statement signed by the Public Relations Officer, SP Tochukwu Ikenga, said its operatives have taken over the scene for proper investigation.
“Anambra State Police Operatives have taken over the scene in Okija to avert further unforeseen circumstances where an alleged stampede occurred in the early hours of today 21/12/2024, that led to some persons being fatally wounded.
“Preliminary information reveals that a known Philanthropist from the Okija Community, on his yearly schedule shares some palliatives to the members of the community to provide succour to the less privileged. Unfortunately, before the event could start, a large number of uncontrolled persons took over the event area which resulted in a stampede.
“Though the details of the affected persons as still sketchy, Police Operatives have taken over the scene for proper investigation, please.
“Further details shall be Communicated”
It would be recalled that a few days ago, a similar incident occurred in Ibadan, Oyo State, where a stampede during a children’s funfair resulted in the deaths of at least 35 children and left six others critically injured.
News
Obi Has Offered to Meet Farotimi’s Bail, Says Tanko Yunusa
The presidential candidate of the Labour Party in the 2023 general elections, Mr. Peter Obi, has offered to meet the bail conditions of human rights lawyer, Mr. Dele Farotimi, according a statement by Tanko Yunusa, on X.
An Ekiti court has said Farotimi can be released on bail in a case where he’s accused of damaging Afe Babalola’s reputation.
The bail requirements are as follows: N30 million bond, two people to vouch for him (and one must own a house), give up his passport, and agree not to talk to the media.
Yunusa, who is an ally of the former presidential candidate, wrote that Obi believes in following the law and wants to see this situation resolved in a way that works for everyone.
Yunusa quoted Obi’s offer directly: “I consulted His Excellency, Peter Obi, as the leader of the Obidient Movement. As a respecter of the rule of law, due process, and order, he offered to take Dele Farotimi on the bail conditions.”
Yunusa also mentioned that Obi thanked the courts and everyone involved, saying Obi wants to see the situation resolved fairly for all parties while respecting the legal system.
News
Ekiti Court Grants Dele Farotimi N30m Bail
A magistrates’ court sitting in Ado-Ekiti, the Ekiti State capital, has granted N30 million bail to embattled lawyer and human rights activist Dele Farotimi.
At the hearing of the bail application on Friday, Magistrate Abayomi Adeosun ruled in favour of Farotimi’s bail request.
The magistrate stipulated that the bail conditions included two responsible sureties and required Farotimi to surrender his international passport to the court. Additionally, he was instructed not to grant media interviews while the case was ongoing.
The Ekiti Police Command had arraigned Farotimi following a petition from an elder statesman and Senior Advocate of Nigeria, Afe Babalola, who accused the activist of criminally defaming him in his recently-released book.
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