‘Nigeria’ll engage relevant people to make Okonjo-Iweala WTO MD’ – Newstrends
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‘Nigeria’ll engage relevant people to make Okonjo-Iweala WTO MD’

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The Federal Government has said it will ensure that Nigeria’s former Finance Minister, Dr Ngozi Okonjo-Iweala, emerges as the Director-General of the World Trade Organisation by engaging relevant stakeholders.

The Ministry of Foreign Affairs said this in a statement on Thursday. It was signed by the spokesperson for the ministry, Ferdinand Nwonye.

“Nigeria will continue to engage relevant stakeholders to ensure that the lofty aspiration of her candidate to lead the World Trade Organisation is realised,” it stated.

The ministry noted that the former Managing Director of the World Bank had secured the support of the majority of the WTO members with only the United States opposing her.

It stated that a meeting of the General Council of the WTO had been scheduled for November 9, 2020, for the final decision on the election process.

It said, “The Ministry of Foreign Affairs wishes to inform that the third and final round of the selection process of the Director-General of the World Trade Organization was concluded on Tuesday, 27th October 2020, and the result was formally announced on Wednesday, 28th October 2020.

“The candidate from Nigeria, Dr Ngozi Okonjo-Iweala has secured the support of the majority of the member countries but is yet to be declared and returned the winner.

“This is because apart from winning the election, all the 164 Member States of WTO were expected to adopt the winner by consensus, in accordance with the rule of procedure of the WTO.

“It is important to highlight that Dr Okonjo-Iweala has secured cross-regional backing with only the United States opposing the consensus.”

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Deploying troops in Kano may cause anarchy – Atiku

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Deploying troops in Kano may cause anarchy – Atiku

Former Vice President Atiku Abubakar has warned against deploying troops as a way of resolving the ongoing Kano emirate tussle, saying it may result in anarchy.

Atiku, a presidential candidate of the Peoples Democratic Party in the 2023 elections, said this in a statement by his Media Adviser, Paul Ibe, in Abuja.

He said the deployment of soldiers in Kano by the Federal Government would upset the peace and security of the state.
He described the action as a breach of the 1999 Constitution.

The statement read, “In performing their constitutional duties of law making, the Kano State House of Assembly, KSHA, passed the amended Kano State Emirate Council (Repeal) Bill 2024 in consonance with the provision of Section 4 of the 1999 Constitution as Amended whereas the governor of Kano State, Engr. Abba Kabir Yusuf, subsequently signed into law the said bill.
“The law, therefore, repealed the 2019 version, which balkanized the ancient Kano Emirate into five.

“The foregoing circumstances happened within the confines of the law and in compliance with the powers conferred on the Governor as provided by Section 5(2) of the 1999 Constitution as amended; and also in consultation with the Kingmakers of Kano, reappointed Sanusi Lamido Sanusi (also known as Muhammadu Sanusi II) as the 16th Emir of Kano State and, accordingly, handed him a letter of appointment.

“It is surprising that in the early hours of today, exactly at about 5:30 am the former Emir of Kano, His Majesty Aminu Ado Bayero, backed by federal might, made their way into the Nasarawa Palace of the Kano Emirate while the reappointed Emir, Muhammadu Sanusi II was at the Gidan Dabo, which is the main residence of the Emir of Kano.

“In this wise, the former Emir could not have made his way into the Nasarawa Palace without the support of the Federal Government having done so with the support of the Army and other security personnel in his company.
“The deployment of soldiers in extra constitutional matters, such as this, undermines the integrity of the Nigerian military.

“We need to remind the Tinubu administration that Kano State is known for peace and harmony spanning thousands of years, and any attempt to destablise the peace of the Land of Commerce shall be resisted. Recall that when Muhammadu Sanusi II was dethroned on March 9, 2020, Kano forged on in peace without any fracas.

“We wish to state unequivocally that if for any reason, law and order breaks down in Kano State, particularly Kano Municipal, the federal government should be held responsible as the act of providing security cover to the former Emir, Aminu Ado Bayero to come back to Kano is an invitation to anarchy.”

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Forcing naira to appreciate won’t work, Peterside tells FG

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Forcing naira to appreciate won’t work, Peterside tells FG

Founder of Stanbic IBTC, Atedo Peterside, has advised the Federal Government not to force the naira to appreciate against the dollar and other currencies in a hurry.

He stated this on a Channels Television programme: “Politics Today,” on Thursday.

Peterside said, “Going to sell dollars to Bureau De Change at N1,000, N1,050, those guys will turn around two weeks later and sell it at N1,400, N1,500 and they will go away laughing.

“What’s the point for that? It’s better to have some stability they can sustain; keep between N1,300 and N1,400, which looks to be the natural equilibrium band today.

“Keep it there for a while, build up your reserve to let confidence come back.

“So stop trying to appreciate the naira in a hurry. It’s not going to work.”

Peterside said the next step for the government is to start doing things to build confidence in investors and stop reckless spending.

He said the habit of doing five things right and doing two things wrong would not help the government achieve anything tangible.

He said Tinubu’s monetary policy is on the right direction, but the government should tackle huge fiscal indiscipline.

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NURTW crisis: Stop causing confusion, Yasin warns Baruwa

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From left: NURTW Board of Trustees Chairman, Alhaji Najeem YASIN; Acting president, Alhaji Aliyu Issa Ore; and Acting General Secretary, Comrade Kayode Agbeyangi, at the emergency meeting of the union on state of the union in Abuja..on Wednesday

NURTW crisis: Stop causing confusion, Yasin warns Baruwa

Chairman of the Board of Trustees (BOT) of the National Union of Road Transport Workers (NURTW), Alhaji Najeem Usman Yasin, has warned Alhaji Tajudeen Ibikunle Baruwa, former president of the union, to stop misleading people and causing confusion about the state of affairs of the union.

He stated this while addressing members of the union during an emergency meeting at the national headquarters of the union, Abuja, called to put the records straight about some misinformation flying around.

Baruwa is said to have been going around misleading the people that he is the authentic leader of the union despite a recent National Industrial Court judgement given by Justice OO Oyewunmi that the NIC no longer has jurisdiction over the matter.

Yasin in a statement was quoted to have said, “When he (Baruwa) got Judgement from National Industrial Court, we quickly appealed against it and the court struck out the case for lack of jurisdiction.

“But to our surprise, Baruwa has been going about sending wrong messages to our people that he is the authentic president.

“I want to tell you that as of today, we only have an interim arrangements headed by Alhaji Aliyu Issa Ore and that the only recognised headquarters of the union is the one on Sapele Street, Garki Abuja.”

He urged members to disregard any further propaganda from Baruwa.

“Baruwa should wait for the outcome of the Court of Appeal before making any noise. He destroyed the union and now he wants to use power of incumbency to manipulate everybody and we say no to his manipulation,” he stated.

Acting President of the NURTW, Alhaji Ore, appealed to members not to entertain any information from Baruwa and his people, saying they are only out to cause confusion in the union.

He also advised members not go to any office of the union apart from the one registered and sited on Sapele Street

In his own contribution, the Registrar of the Trade Union, Mr Falonipe Amos, who was part of the meeting, said the Federal Government would be very happy to see the crisis resolved

He said, “We are all members of the same family and the two parties should keep hope alive and work for peace. We are father to all the unions. We are for the interest of the union and hope that at the end of the day, the union will come out stronger.”

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