Saturday, November 1, 2025
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Information And The Human Side Of The President

By Bala Ibrahim

Pursuant to an article I wrote last week, titled, PMB AND THE MASK: IS THERE SOMETHING WE ARE NOT BEING TOLD?, I received responses of different degrees, the most sarcastic of which, questioned my faithfulness of being a Buharist. As if being a Buharist, has a bearing with a belief in the doctrines of a religion. The bottom line is that I was silently educated by those that matter, on why the President is not wearing the mask, thereby moving me from confusion to conviction. Also, in response to my article of the President’s neglect of the north, I was sent a long shopping list of projects, being silently executed all over the country, many of which would be to the benefit of the north.

But how many people have such privileged information? How many people are silently asking such questions? How many people are in similar situations with the President? How many, how many? The questions can continue un end. The explanation given to me, compelled me to convict the President’s handlers, of the sin of silence in service. The president is human and not infallible. The office he is holding is also accountable to the public.

By definition, democracy is a system of government in which the people with the majority are vested with the supreme power, exercised by them directly or indirectly through representation. Because the people’s representatives are entrusted with the basic tasks of governance, it behoves these representatives to keep the people informed of how they are leading them. This is an expectation in the contract of service.

Whenever the need arises, the people have a right to enquire on the status of their representatives or leaders. Such information should be in the public domain. With the coming into force of the Freedom of Information Act, every Nigerian now has a legal right of access to information, records and documents held by government bodies and private bodies carrying out public functions. Denial is an aberration that could be seen as a sin in service.

Whereas a moralist is someone with very strong opinions about what is right and what is wrong, and to a large extend, PMB can pass the test of a moralist, because, given the balance of probabilities, to date, no one has succeeded in pinning any act of immorality against him. As a result of this, his handlers or himself, may think because he has no propensity to do wrong, there is no need to keep the public informed about every action he takes, particularly those actions that have to do with his personal behavior.

Unfortunately, democracy sees things differently. The ambition of democracy is a non secretive and accountable leadership through transparent representation. Doing the reverse, is akin to committing a sin in service.

In a publication by John Dickerson, titled, Presidency, the hardest job in the world, he puts a poser, thus: What if the problem isn’t the president, Is it the presidency?

Through a simple analysis similar to what the cynics are saying about PMB, Dickerson describes the presidency as a broken Office, wherein he used Donald Trump as a case study.

“A president, we have come to expect, hastens to the scene of a natural disaster to comfort the afflicted. After Hurricane Maria devastated Puerto Rico, President Trump arrived tardily and behaved usuriously, tossing rolls of paper towels at storm-battered residents as if he were trying to drain three-point shots. We have come to expect that when the national fabric rends, the president will administer needle and thread, or at least reach for the sewing box of unity. We expect presidents to be deal makers. Even when the opposition has calcified, they are supposed to drink and dine with the other side and find a bipartisan solution”- Dickerson.

Like Donald Trump of the US, in Nigeria, the cynics always accuse PMB of not being everywhere all the time. Every time something bad happens somewhere in Nigeria, regardless of what the situation is, some people want the President to be the first or amongst the first to call at the scene.

If the bombs are blown, the question is, has PMB visited? If the bandits attacked, the question is, has PMB visited? If kidnappers are at work, the question is, has PMB visited? Even with the visit of the Covid-19 pandemic, PMB was queried and repeatedly called upon to comment, sometimes sarcastically.

Although he had addressed the nation a few times, that is not considered satisfactory by some, as a result of which, they have long sentenced him to the sin of silence in service. But they should not be blamed. Extension of information, is amongst the expectations of democracy.

In conservative democracies, leaders rely mainly on the institutions of government to feed the public with information. Modern democracy came to demolish that concept, and introduced the idea of thinking outside the box. A public-private partnership, or PPP, is drawn or entered into, between the government and the private sector, with the goal of feeding the public with the needed information.

Gone are the days when the performance of political office holders is judged by values and the principles of conduct alone. With democracy, which puts the responsibility of inquisition on members of the fourth realm of the estate, leaders should make it a duty to publicize their performance, just as they publicize their programmes and movements.

Politics encourages the blowing of one’s trumpet, because, as late Sir Ahmadu Bello said, if you don’t, no one is going you blow it for you, as everyone is busy blowing his own.

Keeping silent out of modesty or self-effacement, gives room to speculations, suspicions, and harmful insinuations, which in democracy, tantamount to a sin in service. Yes, the president is human and not infallible.

COVID-19: Fayemi Orders Fresh Relaxation Of Lockdown

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  • Movement, Businesses now Monday to Friday
  • Consultations Underway To Reopen Worship Centres, Big Markets, Schools

With effect from Monday, residents of Ekiti State now have opportunities to pursue their businesses Mondays through Friday from 6am to 8pm.

Governor Kayode Fayemi who disclosed this in a state-wide broadcast Sunday evening also revealed that consultations are underway to reopen religious worship centres, schools and big markets in the state.

Also with effect from Monday, public officers on Grade Level 8 and above are to resume for duty while those on Grade Level 7 and below are to remain at home till further notice.

The Governor also stressed that the dusk-to-dawn curfew will resume daily at 8pm and will last till 5.59 am of the following morning.

The Governor also announced that the state’s molecular laboratory will be commissioned on Monday to facilitate testing for covid-19. Fayemi urged residents to give maximum support to the medical experts conducting the tests as modalities have been devised to ensure a seamless exercise.

He said: “I therefore urge you to willingly submit yourselves for testing when the officials get to your neighborhood.

“This also provides an opportunity for those who might have had symptoms associated with COVID-19 to freely come out for testing at no cost to them.”

The Governor in the broadcast also reiterated his earlier order that all Ekiti boundaries will remain on complete lockdown daily pending further review at national level.

Speaking on likelihood of resumption of public worship, Fayemi promised that religious centres will reopen “very soon” revealing that a committee will be engaging with religious organisations to fashion out a workable protocol.

The workable protocol, he said, will enable religious houses to reopen very soon without jeopardising the lives and health of worshippers.

On the fate of schools in Ekiti, the Governor explained that efforts to reopen them are also ongoing “as the committee set up to appraise the protocols, resources, conditions and modalities for reopening has concluded its work.”

The Governor also said government is considering reopening major markets to permanent shop owners, after the outcome of the engagement process that is ongoing on the relocation of roadside traders to available alternatives.

The reopening of the major markets, the Governor said further, will be subject to compliance with specific conditions and protocols that are being determined.

On when the state will be totally opened up its economy, Fayemi said: “Once the report of the random testing shows that we are safe generally, it would further give fillip to our confidence to fully open up our state and return to our normal way of life.”

He expressed delight that appreciable progress has been made in the fight against COVID-19 since the second wave of lockdown a month ago, partly in consonance with national strategy to ban interstate movement, which makes review of existing regulations necessary.

Fayemi disclosed that Ekiti has so far recorded 20 cases in all with 16 of the patients successfully treated and discharged with only two active cases left at the State Isolation Centre while two cases were lost.

He added that about 300 contact tracing were done with over 200 persons tested so far in the state.

The Governor expressed gratitude to front line medical personnel, task force team, security agents, the COVID-19 Response Resource Mobilisation Committee and the general public.

He also appreciated the Coalition Against COVID-19 (CACOVID) led by Alhaji Aliko Dangote for its contribution donation and the Dr Chikwe Ihekweazu-led National Centre for Disease Control (NCDC) for its technical assistance.

100 Days In Office: APC Chieftain Rates Bayelsa Governor High

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A chieftain of the All Progressive Congress (APC) in Bayelsa state, Chief Perekeme Kpodoh, has rated high the administration of Governor Douye Diri over the graduate foundation laying for an effective security architecture, urban planning of the capital city and the payment of workers and pensioners salary and gratuity respectively.

According to Kpodoh, though he is a chieftain of the leading opposition party in the state, the decision to rate Governor Douye Diri is to encourage the present administration on the little achievements recorded with an improved power supply in the state, destruction of shanties and illegal structures that had hitherto hidden criminal elements and the satisfactory smiles put on the faces of civil servants and pensioners in the state with the payment of salary and retired benefits as and when due.

Chief Perekeme Kpodoh, who made this known in Yenagoa, said: “Governor Douye Diri has done a lot with the few steps he has taken in recent times. This gratuity and retiree benefits he is paying has gone a long way to putting smiles on the faces of pensioners and increase their health status. A man that has worked for 35 years and because of a poor system, he is not expecting gratuity and one administration came with a surprise package and settle it.

“The present administration is not about putting up a bogus structure and claim he has done something for 100 days. What he is doing with payment of salaries and pension is visible and it touches lives. Look at the demolition of shanties and illegal structures. He is clearing it up to expose any criminal elements to the people. I will only advice that he should accelerate the construction of what they want to do at the demolition sites. If you demolish a place, the government can safe guard the place and ensure those illegal occupants would not come back. They should quickly construct on the demolition site for the benefit of the people.

“On this issue of prompt salary payment, the governor may end up writing his name in gold. The workers would be given opportunity to do things with facilities provided by the banks. With prompt salary payment, the workers can develop themselves and achieve their goals of owning a house and cars. I give him kudos for what he is doing. He is saving lives with prompt payment of gratuity.”

On the criticism against Governor Douye Diri by some members of opposition, Chief Kpodoh urged the members of the opposition party to team up and consider the present administration as the one that emerged after an electioneering process, ”what do we expect from Government, Infrastructure, improved power supply and general welfare. And he is doing well in that area.”

“I am also a member of the opposition party and when we talk about Nigeria, we talk about Bayelsa. Politics divide everybody during election with various objectives and manifestoes. But after politics, when someone emerges, we must work with the person. This is how crisis starts. When you support the governor of a state, the governor in turn will work hard due to the support and accolades from opposition and others. In some states, many indigenes don’t know where government house is. But in Bayelsa, government seems to be in charge of everyday lives. That is what creates problem. People should be industrious.

“The truth is that, we cannot be castigating where there is no need to castigate. He has just spent 100 days and he has four years to go. How many of them came in and do something for hundred days. The man has started touching lives for hundred days. Do you know how many lives the demolition in Tombia and Swali has saved? In the past, do you know how many that died from various violent crimes? Douye Diri is saving lives within hundred.

Sylva Congratulates New NNPC Board Members

The Honourable Minister of State for Petroleum and Alternate Chairman of the NNPC Board, H.E. Timipre Sylva has extended good wishes and hearty congratulations to the members of the reconstituted Board of the Nigerian National Petroleum Corporation (NNPC).

In a press release issued in Abuja Mr. Sylva also praised President Muhammadu Buhari for the quality of his choices for the membership of the NNPC Board; as well as for the timeliness of the appointment.

The members as announced by the Presidency include Mohammed Lawal (North West), Tajudeen Umar (North East), Adamu Mahmood Attah (North Central), Senator Magnus Abe (South South), Dr Stephen Dike (South East), and Pius Akinyelure (South West).

In his capacity as HMSP, and Alternate Chairman of the NNPC Board which membership also includes the GMD of the NNPC and Permanent Secretary of the Ministry of Finance, Mr. Sylva assured the President of his readiness to work with the new Board Members to deliver on the key objectives in the Oil and Gas sector as set by the President.

These objectives include bringing down the cost of production of crude oil, eliminating vandalism, improving the National Crude Oil Reserve and passage of the PIB Bill, among others.

Integrity: Union Lauds FG For Appointing Prof. Sharubutu To Head Agric Research Project

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By Mohammed Baba Busu

The Academic Staff Union of Colleges of Agriculture, Plateau State, has lauded the Minister of Agriculture, Alhaji Sabo Nanono for appointing Prof. Garba Sharubutu as Executive Secretary of Agric Research Council of Nigeria.

This, the union said, would lead to an increased productivity and bring speedy development to the agricultural sector.

This is contained in a statement by the Union’s chairman, Mohammed Abdu, in Jos on Sunday.

The union expressed happiness with the appointment, considering Sharubutu’s developmental strides as the Provost, Federal College of Animal Health and Production Technology, Vom, Plateau.

Prof. Garba Sharubutu

According to the statement, “we are not only delightful with the appointment but pledge our complete support to the professor to succeed in his place of assignment”.

” This support is based on his intelligence, integrity, drive for sustainable development and competence.

” Being an academic union (intellectuals), we are proudly presenting veritable evidence of these attributes

” He has created departmental offices for effective service delivery and for improved standard of education and agricultural output.

” The centre has trained students and the general public on tailoring and fashion designing, hair dressing and pedicure/manicure, hand and machine knitting, catering services and interior decoration among others.”

The statement said Sharubutu, during his time as provost, also created college of consultancy company for improved Internally Generated Revenue (IGR), to support government’s efforts in funding the college.

“In terms of capital projects, it includes construction of radiology laboratory, classroom blocks, procurement of classroom chairs, construction of student hostels, computer laboratory, audio visual laboratory, among others.

” In view of the above, we hail and salute the Hon. Minister of Agriculture, the Permanent Secretary and all those achievers that strongly believe that the appointment of the Professor will revolutionise agricultural research in Nigeria, ” the statement said.

Abdu also congratulated Sharubutu and urged him to remain committed to the development of the agricultural sector and the country at large.

The statement assured the new Executive Secretary of the union’s support, to enable him to succeed.

Sylva, Oshiomole, Others Are Not Amaechi’s Enemies – Eze

Chief Eze Chukwuemeka Eze, chieftain of the APC and erstwhile National Publicity Secretary of the defunct New Peoples Democratic Party (nPDP), has described reports flying on social media and purportedly credited to a former CTC chairman of Emohua Local Government Area and an ardent supporter of the Transportation Minister, Mr. Godstime Orlukwu, as fictitious and a cocktail of lie, emanating from men of the underworld.

In a statement circulated to media houses, Eze condemned the propagators of the false report, stressing that it has nothing to do with Godstime Orlukwu.

Mr. Godstime Orlukwu

Haven perused through the damaging report, Eze confirmed establishing contact with Dr. Orlukwu and reliably gathered that he neither authored the piece nor contracted anybody to do same on his behalf and that the said report never emenated from him.

“I just spoke with my brother and political leader, Dr Godstime Orlukwu on a false statement credited to him alleging that some of the colleagues and political associates of Rt. Hon. Chibuike Rotimi Amaechi are his enemies. The mischievous, malicious and wicked statement aimed at sowing seeds of discord between the Honourable Minister mentioned Sylva, Oshiomole, Akpabio, Omo-Agege as culprits.

From what I gathered from the APC Chieftain Dr Godstime Orlukwu, he never granted any interview to any Journalist or authorised such ungodly statement to be issued by anybody on his behalf insinuating that such good friends of his boss are his enemies or that the Minister is against any appointment made to anybody”.

Eze reinterred that the public should discountenance such a fallacious report describing it as the handiwork of mischief makers targeted at smearing the umblemished image of the Transportation Minister.

“As we investigate the source of this wicked report and those behind it, let me reiterate that those who wants to create enemies for the Honourable Minister of Transportation for their wicked political gains will not succeed in any form”. Eze said.

The statement further reads – “Let me caution finally that I am fully aware of all the evil steps put in place to discredit and pull down the Minister but God of justice will always guide and protect us from their hands”.

Eze issued a 48 hours ultimatum to the publishers of the damaging report to retract same or earn severe consequences.

“Finally, the Publisher of this false report is by this press statement given 48hours to pull down the report and retrace from its further publication or earn the wrath and weight of the law in this regard”.

On the appointment of Senator Magnus Abe into the Board of NNPC, Eze said it does not in any way affect the plans of the APC to deliver Rivers State from its present sad situation, all things being equal come 2023.

Five Years Of PMB: Good For The South, Ugly For The North

By Bala Ibrahim

Last night on NTA, I watched Ajuri Ngelale, Senior Special Assistant to the President on Public Affairs, giving the 5 year report card of the President Muhammadu Buhari administration. An excellent guy with exceptional fluency and fluidity in presentation. I salute him for being a man with good oral communication skills, good enough to market meat in a fish shop. Ajuri’s presentation of the President’s performance in five years is pleasantly palatable. Before the TV show of yesterday, I had also listened to him on the radio, where he eloquently elaborated similar achievements, and the blue print of the government in the years to come. Excellent. As a Buharist, I was elated.

Earlier on, Mr. Femi Adesina, the President’s media adviser, had advanced thus, “The economy, long dependent on a mono product – petroleum, is being retooled, refocused, with diversification as a task that must be accomplished. Agriculture has been given a fillip, manufacturing has got a shot in the arm, and solid minerals are contributing a large chunk to the Gross Domestic Product”. Mr. AJuri added flesh to Adesina’s position, by giving details of some of the positive things done to enhance and improve infrastructure in Nigeria.

While itemizing the government’s achievements, mention was made, with a high sense of satisfaction, about the transformation of the nation’s infrastructural landscape, by citing the Lagos-Ibadan Railway Modernization Project, the Lagos-Ibadan express road rehabilitation, the Coastal Railway Project, the Calabar-Port Harcourt-Onne Deep Sea Port Segment, the Second Niger Bridge, the Owerri Interchange, the Port Harcourt-Enugu Expressway, as well as the East-West Road Project, amongst others. In putting the icing on the cake, Ajuri spoke well on the giant strides in security, economy and corruption, the three areas of the regime’s priority. Excellent. As a Buharists, I felt delighted.

In the programme, which looked clearly like a promo, designed to showcase the achievements of the government, the interviewer simply gave the microphone to Mr. Ajuri, without intermittent interjections, to enquire about the distribution of these developments. Even at that, in listing the achievements, when he came to mentioning the Abuja-Kano Expressway amongst the ongoing projects with progress, Ajuri’s conscience seemed to have pricked him a little, because he stammered there. And precisely that’s where as a Buharist, I felt unhappy. Knowingly or unknowingly, the north is being shortchanged.

Amongst the promises the President made to Nigerians was:

1.To integrate the informal economy into the mainstream and prioritize the full implementation of the National Identification Scheme to generate the relevant data; 2. Expand domestic demand and undertake associated public works programmes to achieve this goal; 3. Embark on export and production diversification including investment in infrastructure; promote manufacturing, through Agro Based industries; and expand and promote sub-regional trade through ECOWAS and AU. And the president made it very clear to all, that in executing this mandate, he is for none, he is for all.

If we look at the pattern of project execution, the placement of priorities, alongside the time spent and what remains, one needs no glasses to see the imbalance in the distribution of infrastructural investments, particularly the infrastructure that would spur agriculture. This neglect was done to the evident disadvantage of the north. With the prevailing situation, vis a vis the balance of time for Mr. President, except by some miracle, the north can not catch up. As a Buharist, I feel doleful.

Nigeria’s huge infrastructural deficit has long been a topical discourse and known to be the major hindrance to the growth of businesses and economic prosperity, with northern Nigeria being the most disadvantaged. With dilapidated transport networks, epileptic power supply, huge housing deficit, the north’s infrastructure gap cannot be overemphasized. Which is the reason why many insisted that, all projects that have two terminals, should be carried out concurrently from both ends. That way, even if things fall apart, the loss would be shared, while the centre holds. But as things stand, the north is destined to lose. Yet, it is the largest contributor in votes, when it comes to the success of any president, with PMB being the biggest beneficiary.

PMB clinched the presidential seat by garnering 15.2m votes, the bulk of which came from the north west, as against the 11.3m gotten by his closest rival, Mr. Atiku Abubakar. Yet, the under listed projects for the north west, are either abandoned, or running at a snail speed:

1. Construction of Abuja-Kaduna-Zaria-Kano Highway.
2. Dualisation of Kano–Wudil–Shuarin section of the Kano–Maiduguri Road
3. Dualisation of Kano–Katsina Road Phase.
4. Sokoto–Tambuwal–Jega Road.
5. Construction of Kano Western Bypass.
6. Construction of Kaduna Eastern Bypass.
7. Construction of Kaduna Modern Medical Diagnostic Centre.
8. Sabke Water Supply Project, Katsina State.
9. Shagari Irrigation Project, Sokoto State.
10. Galma Dam, Kaduna State.
11.60MVA Transformer in Dan Agundi Substation, Kano.
12. 2X60MVA Transformer in Kakuri Substation, Kaduna.
13. 60MVA Transformer in Katsina Substation.
14. 40MVA Mobile Substation at Zaria, Kaduna State.
15. 2x40MVA 132/33KV Power Transformer at Daura, Katsina State.
16. 60MVA 132/33KV Power Transformers at Hadejia, jigawa state.
17. 60MVA 132/33KV Power Transformers at Funtua, Katsina State.
18. 60MVA 132/33KV Power Transformers at Sokoto.

As if cursed, or destined for imprisonment through an unlucky accident, the projects that seem to be receiving priority attention in the north are those under the newly renamed correctional centre facilities arrangement, where, of the 86 earmarked in 16 states, the bulk is in the north, and almost all are completed.

There is no gainsaying agriculture is the main preoccupation of the north. Agriculture is the key to increase in per capita gross domestic product. Agriculture is the shortest solution to joblessness in Nigeria, which in the last five years, has more than tripled. If efforts are not made to spur agriculture and other non-oil parts of the economy, the hope of getting any foreign direct investment, would only remain a mirage. It is also impossible to have a vibrant manufacturing sector in the face of agricultural neglect.

While people like Professor Ango Abdullahi are putting the blame of these neglects on the failure of the President to punish or take decisive action against people close to him that engage in wrong doings, insecurity and Covid-19, are collectively conniving in the region, to make the realization of that agricultural retooling and diversification ambition impossible.

As a Buharist, I feel sorrowful and mournful.

Akeredolu Oppressing, Neglecting Minority Arogbo Ijaws Of Ondo State – Group

…Says Gov has spent N310 billion on capital projects in four years with nothing in Arogbo Ijaw

The Arogbo Ijaw Patriots has accused the Governor of Ondo State, Mr Rotimi Akeredolu of deliberate nepotistic conduct in project execution against the minority Ijaws of the state.

The group in a statement signed by the Coordinator, Mr. Fidelis Soriwei and Secretary, Barr. Bibisa Kekemeke, on Sunday said that Akeredolu has failed to protect the interest of the disadvantaged Ijaw minority in the state.

The group said that it was rather distressing that Akeredolu only focused attention on the development of Ijaw Apoi, his maternal O home to the exclusion of the Arogbo Ijaws.

According to the group, the Arogbo Ijaw community has not been so terribly marginalized and treated as an enemy territory by any Governor before Akeredolu.

The duo appealed to the Governor to display the compassion expected of a leader to recognize the fact that Ondo State has two ethnicities: the dominant Yoruba and the minority Arogbo Ijaws.

Soriwei and Kekemeke stressed further that since Akeredolu took over governance in Ondo State, he has executed four budgets totaling N734 billion out of which N310 billion was approved for capital projects.

They expressed shock and disappointment that not even N10 million worth of project was sited in the more populated Arogbo Ijaw part of Ese Odo while the Governor and his deputy moved all the projects to Apoi.

The group challenged Akeredolu and his government to counter the claim if it is untrue by pointing to any such project in the area after almost four years of his administration.

“Ondo State has 18 Local Government Areas and Ese-Odo, the Ijaw Local Government happens to be one of the two oil producing councils in the state. The Arogbo Ijaws are the more populated out of the two Ijaw clans making up the local government area but Akeredolu and his deputy, Hon Agboola only opted to site all road and other projects in Apoi land in a brazen display of unparalleled nepotism.

“Between 2017 and 2020, Akeredolu has had the opportunity to preside over a cumulative budgetary figure of about N734 billion. Out of this figure the Governor allocated about N310 billion for capital projects for four years! We hereby challenge the Ondo Government to contradict this statement of fact and make itself an objective of public mockery.

“We can only plead with the Governor to show compassion as a leader to listen to the cries of the mistreated Ijaws for a likeness of developmental attention.

The group lamented further that Akeredolu’s maternal country people were given 188 job slots out of a total of 200 that were given to Ese-Odo Local Government areas

They added further that out of seven contracts of about N100 million awarded by the Ondo State Oil Producing Areas Development Authorities, four were given to the Ilajes òf Ilaje Local Government Area and three to Ese-Odo, which Akeredolu gave to his mother’s people to the exclusion of Arogbo Ijaws.

The group said that all entreaties of the Ijaw people to the state Government for a bridge across the tiny River Oluwa to link the headquarters of the Ijaw community, Arogbo, with the outside world have been ignored by Akeredolu who is doing bridges on land in other parts of the state.

The recalled that the Governor constituted five state committees including the one on COVID 19 without the inclusion of any Arogbo Ijaw person in the committees.

CBN Cuts Monetray Policy Rate To 12.5 Percent

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………Retains Other Rates

The Central Bank of Nigeria on Thursday reduced its monetary policy rate to 12.5 percent as part of efforts to combat the economic effects of the coronavirus pandemic.

The previous rate was 13.50 percent.

However, the bank retained its Cash Reserve Ratio (CRR) at 27.5 percent and Liquidity Ratio (LR) at 30 percent.

MPR is the interest rate at which CBN lends to the commercial banks and also the benchmark against which other lending rates in the economy are pegged.

A reduction in the MPR rate tends to make lending cheaper and helps to further stimulate the economy.

CBN Governor, Godwin Emefiele, announced the reduction during a Monetary Policy Council briefing on Thursday.

Seven members voted to cut the MPR by 100 basis points, while two members voted for a 150bps rate cut, with one member electing for a 200bps rate cut, the Governor said.

Mr Emefiele added that the asymmetric corridor around the MPR will remain at +200/-500bps, while the Cash Reserves Ratio (CRR) at 27.5 percent and
Liquidity Ratio (LR) at 30 percent.

The Committee also considered developments in the global and domestic economy since its last meeting including, the negative impact of COVID-19 on global growth and the responses of global central banks’ to the COVID-19.

On the domestic front, the Committee noted that sustained inflationary pressure (April: +8bps to 12.34% y/y), and weaker but still positive output growth in Q1-2020, as well as a sustained decline in manufacturing PMI.

 

 

 

Culled from Channelstv

Dissolution Of UNIPORT Governing Council: Prof Efemini Commends President Buhari

…….saving the university from a very cancerous and deadly cabal

…….describes the dissolved council as taking joy in arts of illegality

A lecturer in the Department of Philosophy, University of Port Harcourt, Prof Efemini Andrew has thanked the Federal Government for dissolving the Governing Council of UNIPORT.

In a press release he personally signed, Prof Efemini said that since 2017, the Governing Council became illegal and illegitimate because 6 new members were introduced into the Council through deliberate violation of the University Act.

The statement read, “The violation is about cutting short the tenure of Council membership. The law stipulates 4years tenure but Senate and Congregation were manipulated to reduce the tenure to 2years.

“Those who violated the law try to explain it away by saying it was Senate and Congregation that did it. Unfortunately for them, the law stipulates that no section of the law shall be amended or altered without the approval of the President who is the Visitor.

“Let those who violated the law and their supporters show us the President’s approval.

“In 2019, the Law was again violated through gangster voting of 6persons from Senate and Congregation.

“Unlike 2017 where dispute about how to elect Convocation representative stalled the process, in 2019 a deal was struck to send a representative from Convocation to Governing Council without an election. This again violates the Act which stipulates how elections should be conducted.

“The implication of 5 and 6 above is that as at the time of dissolution of the Governing Council, not a single internal member had legitimacy.

“Just imagine the implications of illegal membership for the decisions of Council since 2017.

“Illegal Council was busy sacking, suspending and punishing staff and students.

“The same illegal Council were busy appropriating University funds for the Administration.

“The process of selecting the next Vice-Chancellor exposed the actual motive behind the introduction of illegal members to Council.

“Fortunately, justice has to come one way or another. There has to be a way of stopping the locomotive illegal engine of the illegal Council.

“People who should not be in Council found themselves in the Selection Committee for the Vice-Chancellor

“This is where we must thank the Government for responding to the situation promptly. The dissolution of an illegal Council is not only just, it is a right move to restore order to the University.

“The rancorous communication from Governing Council to Government is bad enough. A house divided between illegal and legal members of Council.

Warning: Breaking of any law is a criminal offence. If those behind the violating of the university act don’t run away quickly, I can see their arraignment for violation and conspiring to violate the university act.

“If there is any doubt still in your mind raise let us look at it.

Meanwhile thank the Government for saving Uniport from a deadly Cabal, the statement ended.