Speaker Abbas to Tinubu: Your reforms have disrupted status quo – Newstrends
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Speaker Abbas to Tinubu: Your reforms have disrupted status quo

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Dr. Abbas Tajuddeen, Speaker of the House of Representatives

Speaker Abbas to Tinubu: Your reforms have disrupted status quo

Speaker of the House of Representatives, Tajudeen Abbas, yesterday, said the bold steps taken by President Bola Ahmed Tinubu to reposition the Nigerian economy have no doubt disrupted the status quo in the country, sparking strong resistance from vested interests.

Speaking during the presentation of the 2025 Budget estimate to a joint session of the National Assembly, the Speaker said the reforms which have begun to yield positive results are a clear indication of the President’s resolve to prioritise the welfare of Nigerians.

The Speaker, however, said while the reforms are yielding results, the current fiscal realities need critical reflections, saying despite being Africa’s most populous nation with over 220 million people, the 2024 national budget of $36.7 billion remains modest compared to countries like South Africa, with a budget of $160 billion for its 60 million citizens; Egypt, with $110 billion for 110 million people; Algeria, with $60 billion for 45 million people; and Morocco, allocating $50 billion for its 37 million residents.

“Indeed, Nigeria’s low tax revenue also remains a major constraint. Our tax-to-GDP ratio, currently at approximately 10.9 per cent for 2024, is among the lowest in Africa, significantly below the continental average of 15.6 per cent.

“In comparison, South Africa’s tax-to-GDP ratio stands at 25.4 per cent, while Rwanda and Ghana, with much smaller populations, report ratios of 15.1 per cent and 14.1 per cent, respectively.

“Even our Value Added Tax (VAT) collection efficiency – at approximately 20 per cent – is notably below the near 70 per cent efficiency achieved by South Africa, Equatorial Guinea, and Zambia”.

The Speaker said “over the past 18 months, your administration has taken bold and decisive steps to reform our economy. The removal of fuel subsidies, unification of foreign exchange rates, and introduction of innovative economic policies have laid a solid foundation for sustainable growth and development.

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“While these reforms have demanded short-term sacrifices, they are acts of courage and patriotism. History teaches us that transformative progress often begins with difficult decisions. Examples from China’s market reforms, India’s liberalisation, and South Korea’s industrialisation affirm the enduring benefits of such bold action.

“These lessons inspire confidence that Nigeria’s ongoing reforms will foster economic growth, reduce poverty, and ensure long-term prosperity.

“Your administration’s reforms have disrupted the status quo, sparking resistance from vested interests. Yet, these courageous measures underscore your resolve to prioritise the welfare of Nigerians.

“The National Assembly stands ready to support these reforms through legislative backing and to facilitate public engagement for greater understanding and acceptance. Collaboration between all arms of government remains essential to achieving our shared objectives.”

The Speaker said 2024 has been a year of mixed economic fortunes with the National Bureau of Statistics (NBS) reporting a GDP growth of 3.46 per cent in the third quarter, up from 3.19 per cent in the second quarter, largely driven by the services sector.

He said despite challenges posed by climate change and insecurity, agriculture remained a critical contributor, accounting for 17.22 per cent of nominal GDP in the first quarter and 22.61 per cent in the second quarter.

However, inflation, rising to 33.88 per cent in October, alongside escalating food and energy costs, continues to strain households across the country. “Nonetheless, the International Monetary Fund’s projection of 3.2 per cent growth for 2025 underscores a positive trajectory if reforms are sustained and structural issues addressed,” he said.

Abbas said the President’s international engagements have further reinforced Nigeria’s global standing, adding that the agreements from the September 2024 visit to China are set to transform rail transport, enhance digital literacy, boost agriculture, and strengthen national security while elevating Nigeria-China relations to a comprehensive strategic partnership.

He said further that his engagements in France similarly secured €300 million for critical sectors, while Brazil’s $4.2 billion grant to strengthen agriculture underscores the president’s focus on sustainable growth.

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Speaker Abbas commended the government for its remarkable achievements in advancing local government autonomy, ensuring that resources reach grassroots communities and empowering them to address their specific needs, saying this commitment to transparency and accountability will have a lasting impact, particularly on rural communities.

He commended the proposed 2025 budget of N49.7 trillion, adding that the projections of 4.6 per cent GDP growth, a crude oil price of $75 per barrel, an exchange rate of N1,400 to the dollar, and oil production of 2.06 million barrels per day are bold but achievable.

The Speaker said: “Addressing these challenges requires urgent and comprehensive tax reforms to broaden our tax base, improve compliance, streamline administration and reduce reliance on borrowing. The National Assembly will continue to work with your administration to ensure that such reforms are equitable, effective, and considerate of the needs of vulnerable populations.

“To this end, we have engaged stakeholders to address concerns raised on the tax reform bills, fostering trust and cooperation. I have personally led numerous high-level meetings and consultations with state governors and other key stakeholders on this issue, achieving positive outcomes.

“As we approach 2025, we must embrace the realities before us with determination. Stabilising prices, boosting agricultural productivity, expanding infrastructure, and investing in education, healthcare, and security remain priorities. To strengthen national unity and build trust, it is essential for the government to communicate its achievements effectively to the Nigerian people.”

He assured the President that the National Assembly is fully committed to supporting the successful implementation of the 2025 budget, saying “this is not merely your budget; it is a national project requiring collaboration across all arms of government.

“We will work to ensure its timely passage, provide legislative support for critical reforms, and conduct robust oversight to guarantee transparency and efficiency in its execution.

“Let us take a moment to recognise and honour the profound sacrifices made by each and every Nigerian over the past year. The removal of fuel subsidies, rising inflation, and adjustments to economic policies have created challenges. Yet these sacrifices are necessary for building a stronger, self-reliant, and prosperous nation.

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“I call on all Nigerians to remain resilient and united in our collective pursuit of a brighter and better Nigeria.”

Reps express satisfaction with N49.7tr 2025 budget

Meanwhile, some members of the House of Representatives have expressed satisfaction with the 2025 Appropriation Bill of N47.9 trillion presented to the joint session of the National Assembly by President Bola Tinubu on Wednesday.

In the 2025 budget, the sum of N4.90 trillion was allocated to Defence, N4.06 trillion to infrastructure, N2.48 trillion to health and N3.52 trillion to education, among others.

The lawmakers, in their separate reactions after the presentation of the budget, described the budget as a ‘huge improvement’ on the 2024 budget.

The Chairman, House of Representatives Committee on Defence, Rep. Benson Babajimi (APC-Lagos), said that if well-implemented, the budget would meet the expectations of Nigerians.

“It’s very ambitious, a huge improvement from last year’s budget. It shows the president is bold and is a reformist.

“He wants to connect Nigeria with rail and roads; the Sokoto-Badagry expressway project is a game changer; that of Lagos-Calabar is a game changer as well.

“There is a huge improvement in security, budget, health and education. That shows somebody who has a mission and a vision. The renewed hope infrastructure fund he spoke about also will take us to the next level.

“So, we believe that it is a good budget, and he has prayed for cooperation from the national assembly.

“To ensure that, the Senate President, Godswill Akpabio, has emphatically said that we will ensure that the budget is ruthlessly implemented; so we are hoping for a renewal of hope in 2025,” he said.

Rep. Abubakar Fulata (APC-Jigawa) also said that all the assumptions in the budget were very satisfactory, except a few areas.

Fulata said the over 15 trillion set aside for debt servicing out of the entire sum was not very impressive.

He stated that the current price of crude oil was hovering between $73 and $74 per barrel, with the budget predicated on $15 dollars per barrel.

“Already, we have a deficit of about $1.5 in each barrel. So, I hope that we will be able to raise the money we are expecting to realise.

“We also hope that there will be peace in the Niger Delta so that we will be able to get the 2.06 million barrels per day,” he said.

On his part, Rep. Idem Unyime (PDP-Akwa Ibom) said that the January to December budget circle would not be realised.

He said though the budget was presented within the stipulated time, the assembly could only consider it after the Christmas holidays.

Unyime, however, said the assembly would work on the budget and ensure its passage before the end of January 2025

Speaker Abbas to Tinubu: Your reforms have disrupted status quo

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Yuletide: Travellers want fare discount for road trips

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Yuletide: Travellers want fare discount for road trips

  • Bemoan high fares

Passengers travelling to their country homes for the Christmas and new year day celebrations have urged the Federal Government to extend the free rail services announced early in the week to road transport routes across the country.

Some of the travellers who complained about the high fares called on the Federal Government to restore the 50 percent fare reduction on inter-state luxury bus routes granted to road passengers at this time last year.

The passengers who spoke at various terminals and loading stations of long distance road transport companies in Lagos, were reacting to the upsurge in fares to about N40,000 on luxury buses and N65,000 on mini buses going to the South-East.

Reports from some of the boarding stations revealed that upon hearing the announcement of free train ride, some passengers thronged the loading stations at various points in Lagos to benefit from the gesture, but were disappointed when they were informed that the offer did not cover road transport.

At Terminal 1 in Oshodi, Alafia, Jibowu, Mazamaza, and private stations in the Cele/Ejigbo axis, on Saturday, passengers bemoaned the high cost of travelling on both the big and small buses, disclosing that many people were not travelling because they couldn’t afford “the exorbitant fares the transport firms are collecting.”

Interestingly, a trip on board Toyota Sienna which used to attract slightly higher fare than on a typical mini bus, is the same at N40,500.

One of the passengers told our reporter one if the stations in Cele, “You press people should please tell (President Bola) Tinubu that poor masses cannot afford to go home this Christmas because there is no money in the country.

“(President) Tinubu should please repeat the 50 percent discount on long distance fares which some of us enjoyed last year to travel home.”

At the nearby Young Young Shall Grow station, a passenger who planned to travel to the east recalled how he took advantage of the 50 percent fare discount to travel from Abuja to Onitsha and back in 2023, and wondered why the Federal Government has not considered the re-introduction of the palliative this festive season.

According to the man who gave his name as Chinedu Uzoechina, his intention to travel to Anambra state and back with his wife and five children, has been stalled by the high transport fares being charged at the various terminals.

Uzoechina, who came to book for seats in advance, lamented, “I was hoping that the 50 percent fare discount that followed the increase in fuel pump price would be available this year, but that has not been the case this year. Forty thousand into seven is N280,000 for one-way luxury tickets.

“If you add the cost of coming back, it means I will spend nothing less than N560,000 on transportation alone for seven of us. Where will I get that kind of money? I have called my wife to inform her of the situation here (at the terminals in Cele).

“She is not happy that we are not travelling anymore, but what can I do?”

According to him, the only thing that can make his family travel again is if the Federal Government extends the free train ride offer to long distance road transport routes, like Lagos-east, or reduces the fares in collaboration with the operators.

Like Uzoechina, many other intending travellers were still hopeful that the government wiuld still intervene with a fare discount, even as they disclosed that they would either cancel the trips outrightly or reduce the number of tickets to be bought, if their hopes are dashed.It was learnt that the fares were slightly lower by about N2,000 at Terminal 1 where both big and mini buses have been loading for day and night trips at Oshodi.

Reacting to the passengers’ complaints about high fares at the terminal owned by the Lagos State Government, Damian Ezuma, the manager of Izu Chukwu Transport, blamed the situation on the rising cost of maintaining the buses as well as on the pump price of diesel, which he said, is as high as N2,000 a litre in some parts of the country.

“It is not our fault. The cost of maintenance is so high that it is only by the grace of God that some of transport companies still manage to keep their buses on the road these days. Do you know that one big bus tyre costs between N250,000 and N500,000, depending on the quality and brand?” Ezuma argued.

He confirmed that many intending travellers who heard about the free train services offer by the Federal Government have been coming to the terminal make enquiries on whether long distance-plying buses are part of the gesture and whether last season’s fare discount applies this year.

Many of them leave the terminal disappointed and deciding not to travel anymore, but opting instead to wait for a possible fare palliative from the government.

Also commenting on the reason for the high fares, a manager at Chisco Transport’s head office in Lagos explained that the unfavourable naira-dollar exchange rate has impacted on the prices of replacement parts and maintenance costs generally.

But a major factor is the fact that during the peak festive season, buses are usually full when leaving major cities like Lagos and Abuja, but are almost empty in their return journeys.

So some operators slightly adjust their fares upward to cover the losses incurred during return trips.

In 2023, the special fare discount by government through the luxury bus owners took effect on December 21, and lasted till the second week of January, 2024.

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Navy arrests 19 Nigerians attempting to reach Europe by hiding on ship

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Navy arrests 19 Nigerians attempting to reach Europe by hiding on ship

The Nigerian Navy Ship (NNS) BEECROFT has successfully apprehended 19 individuals attempting to stow away on Europe-bound vessels.

In a statement issued on Saturday in Lagos, the ship’s Information Officer, Lt. Hussaini Ibrahim, disclosed that 15 stowaways were intercepted on Dec. 19 aboard the European-bound Moto Tanker (MT) KRITI RUBY. Another four were caught on Dec. 21 aboard MT MCC YANBU.

“Preliminary investigation revealed that the stowaways boarded the vessels at night and concealed themselves in the rudder compartment while attempting to illegally migrate to Europe,” Ibrahim stated.

The Navy’s Quick Response Team (QRT), operating from ATLAS COVE and using the Falcon Eye Alignment under the Nigerian Navy Maritime Domain Awareness Facility, facilitated the interception of the 15 individuals near the Lagos fairway buoy.

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Ibrahim further explained that credible intelligence led to the interception of the additional four stowaways by Navy personnel deployed on escort duties aboard the vessel.

“The prompt response of the QRT saved the stowaways from exposure to life-threatening situations during the long voyage,” he added.

The first group of 15 individuals has been handed over to the Nigeria Immigration Service, Lagos State Port/Marine Command, Apapa, for further investigation and necessary action. The remaining four suspects will also be transferred in due course.

“The presence of stowaways poses serious security threats to maritime operations, including risks of smuggling, piracy, drug and human trafficking, among other maritime crimes,” Ibrahim noted.

He emphasized that under the leadership of Chief of Naval Staff Vice Adm. Emmanuel Ogalla, NNS BEECROFT will continue maintaining security along Lagos waterways and surrounding creeks to support safe maritime activities and economic growth.

 

Navy arrests 19 Nigerians attempting to reach Europe by hiding on ship

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Troops arrest four Ambazonian rebels in Taraba

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Nigerian military troops

Troops arrest four Ambazonian rebels in Taraba

Troops of the 6 Brigade Nigerian Army/Sector 3 of the Operation Whirl Stroke (OPWS), have arrested four suspected members of Ambazonian rebels in Taraba.

The News Agency of Nigeria (NAN) reports that Ambazonia is a rebel group operating in neighbouring Cameroon Republic.

A statement on Saturday in Jalingo by Capt. Olubodunde Oni, Acting Assistant Director Army Public Relations, said the suspects were arrested at a hotel in Takum town.

The statement said that acting on credible intelligence, the suspects were tracked and apprehended.

According to the statement, during initial interrogation, the suspects confessed to being part of the rebel group involved in arms proliferation in exchange for cocoa with their Nigerian collaborators.

It said that four mobile handsets were recovered from the suspects now in detention undergoing further investigation.

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The statement also said that in another operation following actionable intelligence, troops deployed at Natilde community in Bantaji District of Wukari Local Government Area intercepted a truck with registration number WKR 66 BB, transporting 19 pieces of stolen pipelines belonging to the Nigerian National Petroleum Corporation Limited (NNPCL).

It said that further collaborative efforts with the Nigeria Security and Civil Defence Corps (NSCDC) in Wukari Division led to the recovery of an additional 11 pipes, bringing the total to 30.

“The recovered items have been handed over to the NSCDC Wukari Division for further investigation and necessary action.

“The 6 Brigade Nigerian Army will remain resolute in its commitment to safeguarding lives and property while ensuring the security of critical national infrastructure.

“We urge members of the public to continue providing timely and credible information to security agencies to enhance our collective efforts in maintaining peace and security,” the statement added.

 

Troops arrest four Ambazonian rebels in Taraba

(NAN)

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