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Diiversify The Economy, Atiku Urges Buhari

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Economy
Economy
Speaking in Lagos during the investiture ceremony of the 9th president and chairman of Council of the Chartered Institute of Stockbrokers on Wednesday, Nigeria’s former vice president, Atiku Abubakar, gave out factors he feels is responsible for Nigeria current situation of economic decay and recession
Atiku said: “Our biggest problem is our addiction to oil revenues; the belief that we are doomed unless oil flows and oil money fills the Federation Account for our tiers of government to share.
 
“Another related, and flawed, belief is that the federal government alone is the only force, the know-all, be all, and do all that would direct and bankroll the diversification of our economy.
 
“And we have convinced ourselves, again wrongly, that the only reason that the federal government is unable to spend money to do all we expect it to do is that the money has been stolen. We must erase that mindset in order for us to begin to climb out of our current depths.
 
“Instead of looking at oil money as what was required to diversify the economy, the federal government must work out ways to empower the private sector to grow the economy and create jobs.
 
“I don’t mean selecting a few companies deemed worthy of government support. No, we need radical reforms that streamline our bureaucracy and eliminate rules and regulations that stifle innovation.
 
“We also need robust management processes that ensure that public money buys us better infrastructure, education outcomes and healthcare. Our most valuable resource is not our oil; it is our people. All of our people.
 
“The good news is that most Nigerians have forgotten about the oil money and moved on with their lives. The bad news is that our governments and political leaders don’t seem to have noticed that shift.”
He Further added:
“We can’t just borrow our way out of our oil addiction. Our governments must live on taxes, the way other democracies do. It will help us live within our means, as it means government can only spend what the people can bear.
 
“It will help ensure accountability as tax payers are more likely to ask for accountability when the money comes directly from their pockets,” he said.

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Man dies while watching football in Lagos bar

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A yet-to-be-identified middle-aged man has died while watching football at a local bar along the Lagos-Abeokuta Expressway.

It was gathered that the incident happened on Thursday, May 16.

The deceased, who was a regular customer in the open bar, was said to have walked in, sat down, and started to watch a football match until he fell asleep.

Efforts to wake him when the match ended, however, proved abortive as he was found motionless.

The state Police Public Relations Officer, Benjamin Hundeyin, who confirmed the incident, said it was reported at the Elere Police Division.

He said, “The owner of a bar located along Lagos-Abeokuta Expressway reported at Elere Division that at about 6:15 pm on Thursday, one of his male customers in his 50s, whose name and address are yet unknown, came into the open bar to sit and watch television.

“He was later observed to be sleeping on the chair and in an attempt to wake him up, it was discovered that he was lifeless. The scene was visited by detectives of the division, and the deceased was seen lifeless on the chair without any mark of violence.

“The body has been removed to the Mainland General Hospital mortuary, Yaba, Lagos State for autopsy. Efforts to trace his family are in progress.”

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LASEMA rescues young man who mistakenly fell into Lagos lagoon

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The Lagos State Emergency Management Agency (LASEMA) says it has rescued a man who “mistakenly fell” into the lagoon.

Olufemi Oke-Osanyintolu, LASEMA permanent secretary, told NAN that the agency received a distress call around 7am on Friday.

Oke-Osanyintolu said the man reportedly fell into the lagoon at Falomo bridge.

“Following the distress call, LASEMA activated the state’s emergency response plans with the swift arrival of LASEMA response team from Lekki zone at the incident scene at 8:02am,” NAN quoted him as saying.

“On arrival of the team at the incident scene, investigations revealed that the man had been resuscitated, and had identified himself as Segun Amoo.

“He narrated how he mistakenly fell into the Lagos lagoon at the aforementioned location.”

Oke-Osanyintolu said information obtained from Lagos State Water Authority (LASWA) revealed that Amoo was seen struggling for survival inside the lagoon.

The LASEMA permanent secretary quoted LASWA officials as saying: “Our staff had, around 11.00 p.m. yesterday night, observed Amoo struggling for survival in the lagoon waters after he fell off the bridge, thereby leading to the LASWA rescue team’s response.

“Amoo was rescued by the LASWA officials and subsequently stabilised by the agency’s pre-hospital care paramedics.

“He provided vital information about himself after resuscitation, stating that his home address is at Ilaje-Bariga, Lagos.

“He also clarified that he was not suicidal while narrating how the incident of his fall off the bridge occurred.”

Oke-Osanyintolu said the LASEMA response team proceeded to the victim’s home address for further investigations, where the rescue team handed over the victim to his relatives.

He said the victim’s brother claimed that the family had been searching for him for some time.

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Truck rams into BRT on Lagos-Ibadan Expressway

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A truck has rammed into a Lagos State BRT bus at Ibafo bus-stop along the Lagos Ibadan Expressway.

Our correspondent who went to the scene gathered that the accident occurred around some minutes to 6am on Saturday.

Officials of the Federal Road Safety Corps and Police on response call at the accident scene insisted that only their Public Relations Officers were authorised to speak.

However, unconfirmed reports from onlookers noted that several people on the BRT bus were injured.

Onlookers accounts noted that the BRT was parked loading its passengers at the bus stop before the truck loaded with cows heading to Lagos rammed into it, taking it off the road to destroy shops and kiosks by the roadside.

The cow truck had been towed a little away from the scene so as not to hinder traffic.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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