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Things Buhari Needs To Do To Get Nigeria Out Of Recession – Bukola Saraki

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Saraki

Bukola Saraki

The Senate through Bukola Saraki has released a statement consisting of a list of things the government needs to to inorder to facilitate inclusive growth in all sectors and help Nigeria get out of recession

See the statement below:

1. The executive should forward an Economic Stimulus Bill containing all the fiscal stimulus packages, investments and incentives which will receive accelerated consideration and passage at the National Assembly.
2. The fiscal and monetary authorities must harmonise all policies that lower interest rates for investors in the real sector and small/medium scale farmers.
3. The government should adopt peaceful means in the Niger Delta to restore Nigeria’s oil production back to 2.2 million barrels per day.
4. The release of low interest funding under the stimulus package should be targeted at the following areas.
Social Safety Programmes
Humanitarian Activities in the North East
Power Generation
Agricultural value chain
Textile manufacturing
National highway network construction and maintenance
Railway construction and maintenance
Motor vehicle assembly plants
Completion and commissioning of Ajaokuta Steel Complex
Arts, Science and Technology
5. The President should appoint a Senior Special Adviser to lead the government engagement with the aggrieved Niger Delta Militants to ensure the protection of Nigeria’s oil and gas assets.
6. The Federal Government should negotiate foreign concessionary borrowing agreements to cover shortfalls in the 2016 budget and the government’s accelerated infrastructural development programme.
7. The Federal Government should restrict and cap the issuance of bonds and treasury bills in order not to crowd-out local investors from the market.
8. The Federal Government should ensure the payment of all genuine domestic debts owed to local contractors who have completed their jobs.
9. The Federal Government should settle all salaries and pension liabilities.
10. The Federal Government should leverage the use of pension and insurance funds to provide long-term capital on lending for agriculture, industry and housing projects.
11. The Executive should reconstitute the Board of the Central Bank of Nigeria (CBN) and all other critical agencies in order to ensure that they operate in accordance to their enabling laws.
12. The Legislature (through law) and the Executive (through policies) must take action to encourage telecommunications companies to float their shares in Nigeria’s stock market.
13. The Fiscal Responsibility Act should be used to encourage States and Local Govenrments to be more prudent and accountable in their revenue and expenditure agreements.
14. Cases involving unaccounted oil exports should be pursued vigorously to logical conclusions.
15. The Federal Government should immediately set-up an ad-hoc committee for the reconstruction of the North-East and the rehabilitation and resettlement of all Internally Displaced Persons.
16. The President should consider establishing a Council of Economic Advisers made up of experts in economic management.
17. The Federal Government should establish a platform for pro-business-oriented leadership-level engagement to boost market confidence.
18. The Federal Government should retool its export promotion policy scheme with export incentives like the Export Expansion Grant (EEG) and the export financing initiatives.
19. The National Assembly will institute a legislative framework with timelines for key government policies in the area of agriculture and solid minerals to boost investor confidence in government – and to protect investors from rapid policy reversals.
The National Assembly will examine, prioritise and fast-track the consideration of the following bills to revive Nigeria’s economy:
Petroleum Industry Bill
National Development Bank of Nigeria (Establishment) Bill
Nigerian Ports and Habours Authority Act (Amendment) Bill
National Road Fund (Establishment) Bill
National Transport Commission Act of 2001
Warehouse Receipts Act (Amendment) Bill
Companies and Allied Matters Act (CAMA)
Investment and Securities Act (ISA)
Customs and Excise Management Act
Federal Competition Bill
National Road Authority Bill
20. The National Assembly will immediately commence sustained oversight to monitor the activities of the Executive in the implementation of the 2016 Budget.
21. The National Assembly will continue to engage the Executive to create the necessary synergy on all economic and social interventions that are capable of bringing succour to Nigeria.

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Mbappe left out of France squad for November internationals

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Mbappe left out of France squad for November internationals

Kylian Mbappe has been left out of the France squad for their upcoming UEFA Nations League matches against Israel and Italy after coach Didier Deschamps omitted the Real Madrid superstar from his list of players named on Thursday.

It is the second successive France squad from which the national team captain has been absent after he also missed the October double-header against Israel and Belgium.

The 25-year-old was rested for last month’s matches in order to help him recover from a minor thigh injury suffered playing for Real.

However, that quickly became a source of controversy when he returned to action for Real days later, before France had even played.

Mbappe was absent for France’s 4-1 win over Israel in Budapest and a 2-1 win in Belgium, and instead travelled to Stockholm for a short break with members of his entourage.

It was following that trip that Swedish media reported he was being investigated for an alleged rape.

Mbappe himself said those reports were “fake news” while his lawyer said the player would take action for libel.

A Swedish prosecutor confirmed that an investigation had been opened, without naming Mbappe.

Since then, the ex-Paris Saint-Germain forward has made four appearances for his club, scoring one goal.

However, he remains short of his explosive best form.

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Paris Olympics: FG panel reveals officials responsible for non-registration of Ofili

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An investigative committee set up by the federal government has identified the officials of the Athletics Federation of Nigeria (AFN) whose inactions led to Favour Ofili‘s non-registration for the women’s 100 meters at the Paris Olympics.

The panel was inaugurated by John Enoh, the recently departed minister of sports development, in September. The committee was tasked with probing Nigeria’s negative exposure at the 2024 Olympics and Paralympics in Paris.

Team Nigeria had a poor outing at the 2024 Paris Olympics, winning zero medals. In addition to the abysmal performance, the country also dealt with a handful of controversies at the Games.

The most prominent was the exclusion of Ofili from the women’s 100 meters race despite the athlete qualifying. Another was the revelation by Ese Ukpeseraye that she had to borrow a track bike from the German team to perform in the Keirin cycling event.

In a report released to journalists on Monday, Mumini Alao, the committee chairman, highlighted the panel’s findings and recommendations after its investigations.

The document said “conflicting evidence” showed that the omission of Ofili’s name “is traceable to any one of the following organisations: Athletics Federation of Nigeria (AFN), Nigeria Olympic Committee (NOC), World Athletics (WA) and the International Olympic Committee (IOC)”.

The committee added that Rita Mosindi, the secretary general of AFN, was “negligent in her duty of communicating to the Ministry of Sports Development and the Nigeria Olympic Committee information about Favour Ofili’s event status in a reliable and timely manner”.

The panel also faulted Samuel Onikeku, AFN technical director, for demonstrating “poor judgement” by not acting on information about Ofili’s non-registration “when he first got a ‘hint’ of the ‘rumour’.”

The committee added that Ofili’s situation might have been rescued had Onikeku reported or acted immediately on the information he received.

The report then recommended that the officials be penalised by the appropriate authority.

The committee said AFN should pay Ofili N8 million “for the disappointment and depression that she suffered on account of her omission”.

“The cyclist, Ese Ukpeseraye, should write a formal apology to the Nigeria Cycling Federation (NCF) for the embarrassment that she caused the Federation and the Nigerian contingent to the Paris 2024 Olympic Games on account of the unauthorised that she made on social media X (Formerly Twitter) about the bicycle that she used for the Cycling track event at the Olympics,” the report reads.

The committee presented its findings to ministry of sports on October 22, a day before President Bola Tinubu scrapped the ministry and transferred its functions to the resuscitated National Sports Commission (NSC).

Enoh then handed over the report to Shehu Dikko, the newly appointed chair of NSC, on October 30.

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Man United appoint 39-year-old Ruben Amorim as new manager

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Manchester United have appointed Ruben Amorim, Portuguese coach, as the club’s new manager.

The Red Devils announced Amorim’s arrival in a statement on the club’s website on Friday.

The manager joined United from Sporting Lisbon and penned a three-year deal to manage the club with an option of an additional year.

However, the Portuguese coach is not expected to join United immediately due to work visa requirements. He is billed to resume at Old Trafford on November 11.

Ruud van Nistelrooy will continue as United’s interim manager until Amorim’s arrival.

United sacked Erik Ten Hag as the club’s manager on October 28 following a 2-1 loss to West Ham.

The defeat was the United’s fourth in the English Premier League (EPL) this season, and they slipped to 14th place on the log.

The team also remain winless in the Europa League with three draws from as many games. They are rooted in the 21st position of 36 teams in the Europa League log.

Amorim is saddled with the responsibility of rejigging and correcting the wrongs in the team that made Ten Hag’s tenure unimpressive.

The 39-year-old is considered one of Europe’s most promising managers. He won the Primeira Liga twice in Portugal with Sporting Lisbon — the first of which was the club’s first title in 19 years.

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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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