Tinubu seeks US support for economy, accepts Biden’s UNGA invitation – Newstrends
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Tinubu seeks US support for economy, accepts Biden’s UNGA invitation

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Biden and Tinubu

Tinubu seeks US support for economy, accepts Biden’s UNGA invitation

…Says ” Niger crises will not deter us”

President Bola Tinubu on Saturday advised Molly Phee, the U.S. presidential envoy and assistant secretary of state for African affairs, to ensure that U.S. policy is intentionally collaborative to deepen democracy in Africa, at a time when they are under assault by anti-democratic forces within and outside of the continent.

The President stated this on Saturday when he hosted Phee at the Presidential Villa, Abuja

The President noted that American-backed development finance and multilateral institutions, which were designed to support war-torn Europe after World War II, require swift and comprehensive reform to meet the developmental requirements of younger democracies in Africa which operate in authoritarian-crowded environments.

He declared that such efforts will help to ensure that legitimate yearnings of Africans would no longer be manipulated to serve the narrow aims of self-seeking demagogues through unconstitutional takeovers of power.

“Yes, the private sector will lead the way within an enabling environment we create for them, but the U.S. Government must be innovative in its thinking and systematically create incentives for U.S. industrial investment in Nigeria.

“Under my leadership, Nigeria stands ready to address their specific regulatory, tax and environmental concerns. I am determined to create prosperity for all Nigerian families,” the President declared.

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The Nigerian leader affirmed that the crisis in Niger Republic would not deter him from concluding his economic reform programme successfully for the benefit of Nigerians and that he takes a queue from no nation, but will only advance the interest of the Nigerian state in his approach toward ECOWAS’ handling of the regional standoff.

“We are deep in our attempts to peacefully settle the issue in Niger by leveraging on our diplomatic tools. I continue to hold ECOWAS back, despite its readiness for all options, in order to exhaust all other remedial mechanisms. War is not ideal for my economic reforms, nor for the region, but the defense of democracy is sacrosanct. The ECOWAS consensus is that we will not allow anyone to insincerely buy time,” the ECOWAS Chairman affirmed.

Pledging its support for the position of ECOWAS, the U.S. Special Presidential Envoy expressed the high regard the U.S. Administration has for the leadership of the Chairman of the ECOWAS Authority of Heads of State and Government, President Bola Tinubu, and extended an exclusive invitation from U.S. President Joe Biden to meet on the sidelines of the United Nations General Assembly in New York City to advance discussions further in late September.

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“We know there is more we can do to incentivise large-scale American investment in Nigeria and we are committed to working closely with you to achieve that, as part of efforts to strengthen the Nigerian economy and the regional economy.

While appreciating the Nigerian leader for his willingness to create an enabling environment for democracy to thrive, the American envoy said ” President Joe Biden is asking to meet with you on the sidelines of UNGA and you are the only African leader he has requested to meet. It is a mark of his high regard for your leadership,”

The President concluded that he accepts the invitation to meet the U.S. President on the sidelines of the UN General Assembly and that the work of perfecting democracy is never done, even in developed democracies, as seen recently in America, as well as other emerging democracies in the world.

Tinubu seeks US support for economy, accepts Biden’s UNGA invitation

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Drama as Delta workers boo Gov Oborevwori over minimum wage

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Drama as Delta workers boo Gov Oborevwori over minimum wage

Delta State workers expressed their disappointment with Governor Sheriff Oborevwori on Wednesday as he failed to address the issue of minimum wage during the 2024 May Day celebration in Asaba, themed “People First.”

Anticipating news on the minimum wage, the workers were disheartened when the Governor concluded his speech without mentioning it, prompting them to chant, “no, no, no, we no gree, pay us our minimum wage.”

Despite the interruption, Oborevwori stood firm, stating, “Listen to me, listen to me, calm down, calm down, you cannot cajole me.”

The celebration, which included a march past by various affiliate unions, turned sour due to the workers’ dissatisfaction with the governor’s silence on the wage issue.

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According to a union leader, previous attempts to address the matter with the Governor proved futile.

In response, Governor Oborevwori announced plans to establish a committee to address the workers’ demand for salary increases amidst prevailing economic challenges. He praised the workers for their support and assured them of his administration’s commitment to workers’ welfare.

“I have listened attentively to your requests, and I have taken note of them; they are, no doubt, legitimate demands and as a responsible government, I will deliberate with my team on how best to address them within the limits of the resources available to us,” he affirmed.

In a statement delivered by Comrade Goodluck Ofobruku, the State Chairman of the Nigeria Labour Congress, NLC, he emphasized the importance of politicians keeping their promises, stating, “We want promise keeper politicians because, as workers, we keep records of promises.”

Drama as Delta workers boo Gov Oborevwori over minimum wage

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Two million bank accounts closed over BVN, NIN, others

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Two million bank accounts closed over BVN, NIN, others

Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number, NIN.

This is contained in a report by the Nigerian Interbank Settlement System, NIBSS, which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

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However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number, BVN, and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

Two million bank accounts closed over BVN, NIN, others

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Senate insists on 16 years as requirement for tertiary institution admission in Nigeria

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Senate insists on 16 years as requirement for tertiary institution admission in Nigeria

The Nigerian Senate has moved to clarify recent discussions regarding the minimum age requirement for admission into tertiary institutions. 

The red chamber assured Nigerians that the current age requirement of 16 years has not been altered and that recent comments suggesting an increase to 18 years were personal opinions.

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Chairman of the Senate Committee on Media and Public Affairs, Adeyemi Adaramodu, emphasised that any changes to the age requirement would require legislative action following due process. 

Adaramodu explained in an interview with journalists that comments made by the Minister of Education, Prof. Tahir Mamman, about increasing the minimum age limit were not legally binding but rather personal opinions.

The Minister of Education had previously hinted at plans to review and raise the minimum age for admission into tertiary institutions to 18 years.

Senate insists on 16 years as requirement for tertiary institution admission in Nigeria

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