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President Tinubu Returns To Abuja From Saudi Arabia, Guinea Bissau

President Bola Tinubu has returned to Abuja from his one-week engagements in Saudi Arabia and Guinea Bissau.

The Boeing 737 jet conveying the President and his entourage arrived at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, minutes past 7 p.m. (local time).

President Tinubu departed Abuja for Riyadh, the Saudi capital, on Thursday, 9th November to attend the Saudi-Africa summit, which was held the next day.

While there, the President assured potential investors that their investments are safe in Nigeria.

He premised this on recent “bold economic reforms” by his administration to remove wasteful subsidies on petroleum and merge the foreign exchange market, among other incentives, to improve the ease of doing business in Nigeria.

“I also wish to assure all potential Saudi investors of the safety of their investments based on the sanctity of the rule of law and good returns on their investments in the largest economy in Africa”, the President declared.

He also assured potential investors of the free flow of their funds in and out of Nigeria, saying the bottlenecks that created the impasse are long gone.

At a bilateral meeting with Saudi Crown Prince Mohammed bin Salman Al Saud on the same day, the Government of Saudi Arabia announced plans to invest in the renovation of Nigerian refineries.

Additionally, the Kingdom said it is ready to support Nigeria’s foreign exchange reforms through a substantial deposit to enhance its forex liquidity.

On Monday, President Tinubu sought a multi-billion-dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at Nigeria’s federal and sub-national levels.

This formed the crux of his discussions with the Vice-President (Country Programmes) of the Islamic Development Bank, Dr. Mansur Muhtar.

“There are several sectors replete with investment opportunities for smart investors.

“Access to finance and guarantees can be a hindrance in some cases.

“You can come in there. We see you as a critical enabler,” Tinubu told Muhtar after the evening prayers in Mecca.

In the early hours of Thursday, he arrived in Bissau, Guinea-Bissau, to join other Heads of State and Government to celebrate the country’s 50th Independence Anniversary and Armed Forces Day.

It was his second visit to the country since assuming office nearly six months ago.

President Tinubu returned to the country barely 24 hours after the organised labour called off its indefinite strike following talks with the National Security Adviser, Malam Nuhu Ribadu.

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‘Look at How Stupid and Unintelligent you people are’ – Asari Dokubo Slams Those Saying Lagos Belongs to the Binis

Asari Dokubo has slammed Nigerians who are pushing the narrative that Lagos state belongs to the Binis. His comment comes days after the Oba of Benin, Oba Ewuare 11, said that the Binis founded some parts of Lagos state.

The Monarch’s comment sparked a debate with people agreeing and also countering the monarch’s assertion. Some people in their submissions, insisted that the Binis own Lagos state

In a video shared online, Asari asked which of the Obas of Benin owned Lagos.

He described those peddling the idea that Lagos belongs to the Binis as unintelligent and stupid people.

“Look at how unintelligent and stupid you are to say that the Bini people founded Lagos. It’s a useless argument.

“Daume also attacked Lagos and attacked Abeokuta and Daume is in Benin Republic. So Daume people will say they owe this place because they came to fight there?

Borogu, which of them is the Benin Republic, will now say that because they had their army all over the place in those days, Igbo-Ora and the whole Okedun belong to them?

“You don’t know history. The Bini army attacked Lagos Island. The Ijaw army ferried them to attack not the whole of Lagos, just Lagos Island.

“Lagos was five divisions, four of these divisions were in the former Western Region. You don’t know history. But they keep Talking about ‘Lagos belongs to Benin’ which Oba of Benin can Lagos belong to?

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Nigerians will soon enjoy improved Electricity supply — Power Minister

The Minister of Power, Adebayo Adelabu, has assured that Nigerians will soon start enjoying improved power supply across the country.

This was even as he stated that the totality of the re-enacted electricity act has changed the entire landscape of the power sector.

The Minister disclosed this at the 3rd edition of the Power Correspondents Association of Nigeria annual workshop in Abuja on Thursday.

According to him, the 2023 Electricity Act has liberalised electricity generation, transmission, and distribution while also empowering states, organisations, and even individuals to generate, transmit, and distribute electricity.

He noted that the key part of the 2023 Electricity Act is the development of the Integrated National Electricity Policy and Strategic Implementation Plan.

“We are working with the National Council on Power (NCP) to develop and send the implementation strategy to the FederalE Executive Council (FEC) for approval,” he said.

Also, he said, “Part of the strategy in our road map is the emphasis on the bottom-up approach, unlike the top-down approach of the past.

“The implication, with the bottom-up approach, is that we will prioritise metering, distribution, and transmission infrastructure. In the short term, we will focus on customers down to distribution and transmission infrastructure. This is to ensure that a significant portion of what is generated currently gets to end users.

“We will also pay attention to the generation segment, particularly in areas of distributed (embedded) power from renewable energy sources, while at the same time advancing base load power through thermal and hydroelectric plants in the medium to long term.”

He further noted that the administration would explore the country’s regional energy potential.

“We will focus on solar energy in the North, mini hydropower plants in the Middle Belt and the Southwest, hybridised with solar, while our coastal states will be identified for wind energy utilisation.

Taking all the above into consideration, especially with the liberalisation of the sector, Nigerians will soon start to experience the objective that led to the Act, which is improved power supply across the country,” he said

 

 

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Court Remands 14-year-old Suspected Killer of FUTMinna Lecturer

A Chief Magistrate Court sitting in Minna, Niger State capital, has remanded a 14-year-old prime suspect, Joy Afekafe, over murder of Mrs. Funmilola Sherifat Adefolalu, an associate Professor in the Department of Biochemistry, Federal University of Technology (FUT), Minna.

The Nigerian Police, Niger State Command, arraigned the 14-year-old Afekafe on three count charges which include criminal conspiracy, culpable homicide and armed robbery.

The offences are in contrary to sections 97, 221 and 298 of the penal code law

The prosecution told Chief Magistrate Fati Hassan Umar that two other suspects in the crime: Wallex and Smart are still at large.

The prosecutor, DSP Ahmed Saidu told the court that the trio had invaded the residence of the deceased on the 28th of October 2023 ”where you took a knife in the kitchen and stabbed her all over her body.

”You also used a wooden stool and hit her on her head after which you carted away $3000, one laptop computer, one mobile phone, two power banks and a car battery.”

The prosecution added that as a result, “the victim was taken to the IBB Specialist hospital where she was confirmed dead by medical doctors”.

When the charge was read to Afekafe, she pleaded not guilty to the crime.

The prosecution pleaded with the court to remand the accused in the Correctional Centre to enable the Police forward the case file to the Director of Public Prosecution in the state Ministry of Justice for legal advice, adding that it is only the High Court that has jurisdiction to try the case.

Chief Magistrate Fati Hassan Umar directed that Afekafe be remanded at the Children Correctional Centre before adjourning the case to 11th of December, 2023 for further mention

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