Why I’m the envy of many presidents of the world – Buhari – Newstrends
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Why I’m the envy of many presidents of the world – Buhari

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President Muhammadu Buhari

President Muhammadu Buhari says the support his government has received from the private sector in addressing social ills is enough to make him the ”envy of many presidents of the world”.

The president stated this on Wednesday in Abuja while inaugurating and handing over of security equipment valued at over N12 billion to the military and Nigeria Police Force.

The items were donated by the Coalition of Private Sector Against COVID-19 (CACOVID) – a group of eminent Nigerian industrialists, including Aliko Dangote and Herbert Wigwe, who had also pooled N40 billion to combat COVID-19 in the country.

”Today is indeed a very happy day for all Nigerians, and I can happily say that I am the envy of many Presidents in the world.

”I am exceedingly honoured to be the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria at this time.

”I am gratified to have the honour of leading a country whose private sector willingly galvanises itself to raise funds to enthusiastically support government in resolving social ills.

”I am proud to say that there is nowhere in the entire world, except in Nigeria, where the private sector has voluntarily come together to assist government efforts,” he said.

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Buhari, on behalf of the Nigerian populace, thanked all members of CACOVID, the leadership team and technical committee for their support and patriotism.

”This final gesture from CACOVID as you wind down your activities is equally very important.

”Thank you for supporting our Administration’s efforts to strengthen the Police and Military as we face the security challenges that all modern nations face.

”These 350 vehicles and thousands of vests and helmets you are handing over today will go a long way in boosting the capacity of our forces,” he said.

According to the president, such a patriotic gesture is proof that nationalistic determination is still alive in Nigeria, in the face of enormous challenges pervading the world and the country.

While recounting the history of CACOVID, the president said the initiative was set up following a quick-thinking recognition of the impending crisis that could erupt due to the outbreak of the COVID-19 pandemic in 2020.

”The main objective of this concept was primarily to assist the government, at all tiers, in combating COVID-19 and mitigating its impact on Nigerians.

”Accordingly, the Coalition designed a mechanism to pool funds voluntarily from an alliance that included more than 100 private sector institutions, organisations, banks and individuals.”

He said, this was meant to build Isolation Centres, procure remedial COVID-19 medications and provide palliatives to indigent Nigerians or those whose livelihoods were temporarily impacted by the outbreak.

”I am very much aware that in the first tranche of funds pooling, CACOVID collected almost N40 billion from the various private sector organisations who were more than happy to participate in the initiative and support its cause.

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”Out of the initial N40 billion contributed by the Coalition, about N17 billion was applied to speedily build Isolation Centres, acquire various medical equipment and gears, facilitate vaccine delivery and urgently procure vital COVID-19 medications for those critically in need of them nationwide.

”The balance sum of N22.2 billion was utilised to purchase staple food items, including rice, Garri, noodles, Soya, Semolina, Sugar, Pasta and Salt, etc, which were delivered to all states of the federation and the FCT, and distributed among all Nigerians who were in most need of them,” he said.

According to the president, in its drive to play its part in ensuring a golden Nigeria, CACOVID, which also received the support of the Central Bank of Nigeria, expanded its scope beyond combating COVID-19.

He added that following the unsavoury national unrest in 2020 and the continuing security challenges in the country, the Coalition again galvanised support among private sector organisations to support the Federal Government in surmounting the security challenges.

”In this regard, the Coalition commendably raised the sum of N12 billion, which was used to procure critical security equipment for our domestic law enforcement and defence organisations,” he said.

The following state-of-the-art security vehicles and equipment were procured for use by law enforcement agencies in Abuja and Lagos:

One hundred units of 14-tons Tata trucks; One Hundred units of 12 tons Tata trucks; 106 units of Toyota Vans; 64 units of Nissan Navara vans; 13,000 Ballistic Vests; 26,000 Ballistic Plates and 13,000 Ballistic Helmets.

Alhaji Dangote listed Folorunsho Alakija, Tony Elumelu, Segun Agbaje, Abdulsamad Rabiu, Femi Otedola, Adesola Adeduntan, Karl Toriola, Haresh Aswani, Raji Gupta and John Coumantaros as the moving forces behind CACOVID.

He said the affected personalities had contributed several billions of Naira each and supported the CACOVID effort with advocacy and their teams.

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He explained that in addition to the leadership team, a technical committee was constituted to guide the purchasing decisions, which was critical, given the prevailing confusion around testing and treatment options, and the lack of successful models anywhere in the world.

He identified members of that committee as leading Nigerian scientists and public health professionals, the Director-General of Nigeria Centre for Disease Control (NCDC), Director-General of the Presidential Task Force on COVID-19, representatives of WHO, Bill and Melinda Gates Foundation, and the United Nations.

”For the last two years, the leadership team met on a weekly basis, mobilised others in the private sector, and were able to raise N82 billion to provide 39 fully kitted isolation centres, testing supplies for almost 1 million tests and food for 10 million vulnerable individuals across the country.”

Dangote added that from the N82 billion, the CACOVID team also donated oxygen and tanks to the most affected states and supported vaccines delivery and distribution.

He said the team also supported the reopening of the economy via travel portal, IT, airport scanners and Personal Protection Equipment (PPE), among others.

He expressed appreciation to the Presidential Taskforce on COVID-19 team led by Boss Mustapha, the Secretary to the Government of the Federation (SGF), for their excellent collaboration.

He announced that the donation of the security vehicles and equipment marks the end of the CACOVID initiative, which he described as ”an example of patriotism, solidarity and efficiency in terms of partnership between the public and private sectors.

”This is a lesson in the power of collaboration for a worthy cause,” he declared.

Mr Godwin Emefiele, the CBN Governor, told the President he was proud to be part of the Coalition that supported government in its fight against insecurity.

”I am immensely gratified by what CACOVID has achieved in its few years of existence. The nationalist and patriotic drive of my colleagues therein is unmatched anywhere in the world and must be applauded.

”The Coalition is a good example of what Nigeria must become: a nation of patriotic solidarity of individuals and corporations, and effective collaboration of the public and private sectors,” he said.

The inauguration and handover of the security equipment event preceded the Security Council meeting chaired by Buhari.

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Yahaya Bello reports to EFCC office with lawyers

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Yahaya Bello reports to EFCC office with lawyers

 

A former Governor of Kogi State, Yahaya Bello, on Tuesday visited the Economic and Financial Crimes Commission (EFCC) to honour another invitation extended to him over alleged misappropriation of funds.

Bello went to the anti-graft office with his lawyers in the morning.

The ex-Kogi governor reportedly drove himself to the EFCC’s office in a black Toyota Hilux van with some lawyers.

He was said to have been taken by some operatives of the agency and are currently being grilled.

This is  coming after the Supreme Court judgment which dismissed a suit brought by some state governments challenging the constitutionality of the agency.

The EFCC at the last hearing on November 14, sought the adjournment till November 27 in the fresh case it instituted against Bello.

It stated that the 30-day window was still running for the summons earlier issued.

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Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct 

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Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct 

 

Ebonyi State Governor Francis Nwifuru has announced the immediate suspension of two commissioners with a permanent secretary among others for gross misconduct.

Those suspended are the Commissioner for Housing and Urban Development Francis Ori, and the Commissioner for Health, Moses Ekuma, with the Permanent Secretary of the Ministry of Health.

The suspension followed an incident on Saturday night, when the governor reportedly visited the Ministry of Health’s premises and was said to have found six officials diverting government materials.

Others suspended for three months are the Executive Secretaries of the State Primary Healthcare Development Agency and the Ebonyi State Health Insurance Agency

The suspension order was announced by the state Commissioner for Information, Jude Okpor, who cited alleged misconduct and dereliction of duties as the reasons for the disciplinary actions.

Okpor made the disclosure on Tuesday during a press briefing on the outcomes of the State Executive Council meeting held on Monday at the New Government House in Abakaliki, the state capital.

“Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health, respectively

“In view of the development, the Special Assistant to the Governor on Primary Health was directed to take charge of the ministry in the absence of the suspended commissioner.

Governor Nwifuru directed the suspended government officials to hand over all government properties in their possession including vehicles to the Secretary to the State Government.

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Why we’re borrowing despite surplus revenues – FG

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Nigeria’s Minister of Finance, Mr Wale Edun

Why we’re borrowing despite surplus revenues – FG

The Federal Government has defended its decision to borrow to address budget deficits, despite surpassing revenue targets in 2024.

Finance Minister Wale Edun and Budget Minister Atiku Bagudu clarified this position during a session with the National Assembly’s Joint Committee on Finance, Budget, and National Planning. The meeting focused on the 2025–2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Last week, the National Assembly approved President Bola Tinubu’s $2.2 billion loan request to fund the N9.7 trillion deficit in the 2024 budget partially.

During the session, key agency heads, including Nigerian National Petroleum Company Limited (NNPCL) CEO Mele Kyari, Customs Comptroller-General Bashir Adeniyi, and Federal Inland Revenue Service (FIRS) Chairman Zacch Adedeji, presented their revenue reports.

The agencies reported exceeding their 2024 targets.

  • Customs Service: Generated ₦5.352 trillion by September 30, surpassing its ₦5.09 trillion target for the year. For 2025, the agency projects ₦6.3 trillion, with a 10% increase planned for 2026.
  • NNPCL: Achieved ₦13.1 trillion in revenue, exceeding the ₦12.3 trillion projection for 2024. Kyari announced a ₦23.7 trillion revenue target for 2025.

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  • FIRS: Surpassed multiple tax collection goals, including ₦5.7 trillion from company income tax against a ₦4 trillion target. Education tax collections also exceeded expectations, reaching ₦1.5 trillion compared to a ₦70 billion target.

Overall, ₦18.5 trillion of the ₦19.4 trillion 2024 revenue target had been achieved by September, indicating the goal will be exceeded by year-end.

Despite these surpluses, the government insists borrowing remains essential to cover budget gaps and support vulnerable populations.

Bagudu explained, “Even with agencies exceeding revenue targets, borrowing is necessary to address deficits and boost productivity, particularly for the poorest. This aligns with Agenda 2050, which aims for a GDP per capita of $33,000.”

Edun also reiterated that loans were critical for adequately funding the budget.

The committee, led by Senator Sani Musa, questioned the rationale behind the borrowing and demanded further transparency. The Immigration Service was specifically asked to provide documents regarding an “unacceptable PPP arrangement” before the end of the week.

The session underscored the government’s balancing act between increased revenues and fiscal challenges requiring external borrowing.

Why we’re borrowing despite surplus revenues – FG

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