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Bola Ahmed Tinubu

FG Fails To Implement Tariff Waiver On Food Items As Hardship Worsens
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FG Fails To Implement Tariff Waiver On Food Items As Hardship Worsens

by Victor Ndubuisi
written by Victor Ndubuisi 6 minutes read

Months after the kickoff announcement, the federal government led by President Bola Ahmed Tinubu has persisted in dragging its feet in implementing a zero import tax waiver on a selection of food goods, according to report.

Husked brown rice, grain, sorghum, millet, maize, wheat, and beans are among the food commodities that will be subject to a zero tariff for a period of 150 days, starting on July 15 and ending on December 31, 2024.

The tariff waiver was initially made public in June 2024 by Finance Minister Wale Edun as a component of President Tinubu’s administration’s economic policy initiatives to lower food prices.

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In July 2024, the Comptroller General of NCS, Bashir Adewale Adeniyi confirmed the government’s commitment towards the commencement of the tariff waiver.

On August 14, 2024, Customs stated in a statement that they will be releasing comprehensive rules for carrying out the tariff waiver. This was supposed to be the start of the policy.

“Nigeria Customs Service (NCS) is pleased to announce that His Excellency, the President of the Federal Republic of Nigeria Bola Ahmed Tinubu GCFR through the Honourable Minister of Finance and the Coordinating Minister of the Economy, Olawale Edun has approved the regulation for the implementation of a Zero Percent Duty Rate (0 percent) and Value Added Tax (VAT) exemption on selected basic food items.

“This measure aims to mitigate the high cost of food items in the Nigerian market by making essential commodities more affordable for citizens”, Customs stated.

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Nigerians have bemoaned the fact that the policy has not yet been implemented, despite the tariff waiver being announced months ago.

This is due to the fact that the goal of lowering food costs has not been met, and the majority of Nigerians are unhappy about the rapidly rising cost of life.

According to Anaedoonline.ng, market realities revealed that food and products prices remained high even though National Bureau of Statistics inflation estimates for July and August showed food inflation reduced to 39.53 and 37.52 percent.

According to a Newsmen market study conducted on Monday, the price range for a 50-kilogram bag of domestic or imported rice is between N87,000 and N106,000.

This is because the price range for a 50 kilogramme bag of beans is N65,000 to N100,000. For the majority of Nigerians, access to staple food has become a nightmare, a condition that would have been reduced with the implementation of the zero-tariff waiver on specified food items.

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The Centre for the Promotion of Private Enterprise’s Executive Director, Muda Yusuf, discussed the situation in an interview with Newsmen on Monday. She stated that the government’s sluggish implementation of the zero tariff policy was the main issue.

He said that there was a significant delay between the government’s announcement of the policy and the creation of the implementation instructions.

He emphasised that the country’s economy had not yet suffered the full effects of the tariff waiver, therefore it had not yet been fully implemented.

Yusuf pushed the administration to expedite the policy’s adoption.

“The customs must implement the policy. The customs need to be advised by the ministry of finance, and until that is done, implementation cannot start.

“I think it has to do with the speed of the implementation of the policy. When the Government announces a policy, the ministry ought to work on the guidelines, which are transmitted by the ministry of finance to the customs. I think there is a lag between the announcement of the policy and the production of the guidelines.

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“The policy has not been fully activated which is why the impact is not felt. This is because all the processes in terms of guidelines are a bit slow. The government needs to work on the speed of implementation”, he told Newsmen.

Olufemi Kayode, a member of the Murtala Muhammed International Airport Command Chapter of the Association of Nigeria Licensed Customs Agents (ANNLCA) and Special Assistant to Prince Adewusi Bamigbala, the ANLCA’s Chairman, criticised Customs on his part, pointing out that the policy’s implementation still lacked a precise and appropriate guideline.

He said that the application of the tariff for the benefit of all Nigerians might be undermined by internal sabotage and dissatisfaction inside the Customs department.

“Generally speaking, from the circular available there are no clear-cut directives apart from the fact that some of the tariffs were mentioned.

“There are no proper guidelines for its implementation. The Customs must put it into proper perspective.

“There is the possibility of internal sabotage or frustration in getting the implementation right.

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“Customs may be having internal challenges about the proper classification or coding of the tariff waiver into its portal”, he said.

In response, NCS spokesperson Abdullahi Maiwada stated in an exclusive interview with DAILY POST that the claim that the service was impeding the use of the zero-tariff waiver policy on specific food items was inaccurate.

He claimed that the Service has informed Nigerians about the steps involved in obtaining the tariff waiver.

He continued by saying that the NCS supported all government-formulated initiatives aimed at lessening the financial hardships that Nigerians were experiencing.

“Well, we have issued a statement earlier and we told Nigerians procedures of accessing the tariff waiver.

“It is malicious to say Customs is sabotaging the implementation of the policy.

“We are a responsible government agency. We are out to implement all policies formulated by the government.

 

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FG Will Not Intervene In NNPCL, Dangote Petrol Price Face-Off – Presidency
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Dangote Group Refutes Claims of NNPCL Lifting Petrol at N897 per Litre from its Refinery

by Sopuru Sopuru
written by Sopuru Sopuru 1 minutes read

Dangote Group has strongly denied reports suggesting that the Nigeria National Petroleum Company Limited (NNPCL) is lifting petrol from its refinery at a price of N897 per litre. The clarification came from the Group’s Chief Branding and Communications Officer, Anthony Chiejina, who dismissed the claims, stating that no such arrangement has been finalized.

Chiejina clarified that Dangote Refinery has not yet started supplying Premium Motor Spirit (PMS), commonly known as petrol, to the NNPCL. Consequently, any reports of a set price for the product are premature, as the contract between Dangote Refinery and NNPCL is still in negotiation.

The statement also emphasized that the pricing of PMS in Nigeria is regulated by government authorities, and as a private entity, Dangote Group does not have the power to set or influence the price of petrol. Chiejina urged the public to disregard the misleading reports, reassuring Nigerians that the company is committed to fairness and transparency in its dealings.

Aliko Dangote, Group Chief Executive Officer, had earlier mentioned that the Federal Executive Council, under the leadership of President Bola Ahmed Tinubu, is working on a new pricing framework for petrol produced from the Dangote Refinery. He added that the refinery, which has a capacity of 650,000 barrels per day, is poised to deliver refined petrol to stations within 48 hours once the agreement with NNPCL is finalized.

Interestingly, just hours after Dangote’s remarks, there were reports that NNPCL directed its retail outlets to increase the pump price of petrol to N855 per litre. This decision came shortly after NNPCL revealed it was facing challenges in fuel imports due to an $8 billion debt.

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Dangote Group Denies Claims of NNPC Lifting Petrol at N897 Per Litre
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Dangote Group Denies Claims of NNPC Lifting Petrol at N897 Per Litre

by Sopuru Sopuru
written by Sopuru Sopuru 2 minutes read

The Dangote Group has refuted recent reports suggesting that the Nigeria National Petroleum Company Limited (NNPCL) is currently lifting petrol from its refinery at a price of N897 per litre. In a statement issued on Thursday, Anthony Chiejina, the Group’s Chief Branding and Communications Officer, clarified that the company has not yet finalized its agreement with NNPCL, and as such, cannot set any price for petrol.

Chiejina emphasized that the attention of the group had been drawn to a misleading headline titled, **“NNPC lifts Dangote Petrol, sells at N897 per litre,”** published by a national daily. He categorically denied the claim, stating that NNPC has not started lifting Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery.

“As we have not yet concluded our contract with NNPC, the issue of setting a price for petrol lifted from our refinery does not arise,” the statement read.

The company also stressed that the PMS market is heavily regulated, meaning that prices are determined by relevant government authorities, not by individual companies. Dangote Group reiterated its commitment to transparency and fairness in its operations, urging the public to disregard the erroneous reports.

Aliko Dangote, Group Chief Executive Officer, recently disclosed that the Federal Executive Council is working on a new pricing framework for petrol produced by the Dangote Refinery. The refinery, which has a capacity of 650,000 barrels per day, unveiled its first batch of refined petrol earlier in the week. Dangote noted that the product would be available in filling stations within 48 hours, depending on the country’s logistical arrangements.

He further explained that the pricing structure is being finalized under the leadership of President Bola Ahmed Tinubu and could be rolled out once the necessary agreements with NNPCL are completed.

However, shortly after Dangote’s remarks, reports surfaced that NNPCL had directed its retail outlets to raise the pump price of petrol to N855 per litre. This move came just two days after the company acknowledged facing difficulties in fuel importation due to an $8 billion debt.

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‘Tinubu Will Create 500,000 Jobs’ – Steel Minister, Audu Tells Protesters
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Nationwide Protest: Three of my Achievements Why Nigerians Shouldn’t Hit Streets – Tinubu Reveals

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

President Bola Ahmed Tinubu has stated that Nigerians should not participate in the planned August 1–10, 2024 hardship protest due to the implementation of the student loan program, the creation of the consumer credit initiative, and the new minimum wage of N70,000.

This was revealed by the President on Thursday at the State House when he hosted a group of Islamic leaders headed by Sheikh Bala Lau.

The demonstration organisers were exhorted by Tinubu not to turn Nigeria become Sudan.

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In order to reach every Nigerian who is vulnerable at the local level, he claimed that his government was revamping its social assistance program.

“We are reworking the social welfare scheme to reach the ward level, which is the closest to our people. We are going to ensure that we re-establish connection with the wards, again, so that we can give allowances to the poor and the vulnerable.

“The student loans will pay for school fees. There will be monetary support for the education of our children. The consumer credit will support citizens to buy cars and houses, and they can repay gradually.

“We have increased the minimum wage by more than 100 percent,” he said.

According to Anaedoonline.ng, Tinubu and Nigerian workers reached an agreement on a minimum pay of N70,000, and the Nigerian National Assembly enacted the new Minimum pay Act on Wednesday.

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The federal government started paying out money to 110,000 eligible recipients of its N35 billion student loan program earlier this week.

This occurs several months after the N100 billion consumer credit for Nigerians was authorised by the Tinubu administration in April.

 

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Bill Proposing Regional System of Govt to Be Sent to Tinubu Next Week
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President Tinubu and Lawmakers Revive Nigeria’s Old National Anthem

by Sopuru Sopuru
written by Sopuru Sopuru 1 minutes read

President Bola Ahmed Tinubu on Tuesday, accompanied by federal lawmakers, recited Nigeria’s old national anthem at the National Assembly. This event marked the enactment of the National Anthem Bill, recently passed by the legislative body and signed into law by the President.

President Tinubu, speaking at the green chamber during the official inauguration of the anthem, called on Nigerians to unite, collaborate, and work towards building a stronger nation. He emphasized that Nigeria is our only home and urged everyone to contribute positively to its development.

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This revival of the old national anthem is seen as a symbolic gesture aimed at fostering national pride and unity among Nigerians. The President’s message resonated with a call to action, reminding citizens of their collective responsibility to nurture and improve the country.

The National Anthem Bill’s passage and the subsequent ceremony reflect a renewed focus on national identity and cohesion, underscoring the importance of coming together as one nation.

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NANS Writes Tinubu, Accuses Dangote of Mismanaging CITN Funds
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NANS Writes Tinubu, Accuses Dangote of Mismanaging CITN Funds

by Victor Ndubuisi
written by Victor Ndubuisi 6 minutes read

In an open letter to Chief Bola Ahmed Tinubu, the National Association of Nigerian Students (NANS) expressed their worries and levelled charges against Aliko Dangote regarding the purported financial mismanagement at the Cement Technology Institute of Nigeria (CTIN).

NANS writes that they are extremely disturbed by the mismanagement and lack of transparency in CTIN throughout Dangote’s tenure as the organization’s founder and self-appointed life chairman.

In keeping with CTIN’s founding objectives, the letter emphasises the strategic funding designated for chances for training and development for Nigerian young in the cement sector.

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NANS describes the misuse of these money as an act of economic sabotage and asserts that it poses a severe threat to future developments.

In the letter, NANS stated, “We, the National Association of Nigerian Students (NANS), being the voice and representatives of the Nigerian Students, a large percent of youth constituency of our population and by extension defender of oppressed citizens and advocate of the Nigerian masses, the bearers of our nation’s future and voice of the voiceless young generation.”

“Today we are raising our voices in protest, We are writing to you to express our deep concern and outrage regarding the mismanagement and lack of accountability within the Cement Technology Institute of Nigeria (CTIN), an organisation under Alh Aliko Dangote’s Leadership as pioneer and self imposed life Chairman.”

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“The alleged misused, diversion and misappropriation of such strategic fund intended to provide training and development opportunities for Nigerian youth in the cement industry in line with the establishment goals of CTIN is a weighty one, in fact it’s a future-threatening act and an act of economy sabotage.”

“Certainly, the fund has been squandered, leaving a trail of broken promises and shattered dreams as nothing can be pointed at as an achievement in this regard.”

“The situation of countless Nigerian youths, who remains unemployed and lacking technical skills in a rapidly advancing global economy like ours, is a harsh testament to the repercussions of such mismanagement and embezzlement. Another hidden factor responsible for the unprecedented hike in cement price in the country.”

“We are living in a country where our potential is suppressed and our future is uncertain courtesy of greed and selfishness of a microscopic few in position of authority, while leaders of our industries such as Aliko Dangote with such a special intervention fund failed to do the needful but rather enrich themselves by diverting such funds intended for our growth and development for only God and Dangote known purpose and use.”

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“We demand answers, we demand accountability, we demand explanation and we demand justice.”

It is our clear request that Bola Tinubu direct the Federal Ministry of Industry, Trade and Investment to immediately and urgently disclose to the public, as a matter of national importance, the details of her role thus far, the status, management, and use of the over 20 billion Naira (roughly $100 million at the time) contributed as levies on imported cement to CTIN for technical training purposes since more than a decade ago, when Nigeria was still importing cement.

“We know and we are fully aware nothing has been done with the fund in line with its purpose. This is money that should have gone to government coffers for investment in our vocational and technical education system.”

“Alh Aliko Dangote has been sole chairman since this institution was created by the Federal Ministry of Trade in conjunction with cement importers – hence why we are also demanding an explanation directly from Alh Aliko Dangote as to where is the said fund.”

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“Your Excellency, to avert degeneration of this matter, where all Dangote industries will be occupied by Nigerian students nationwide, kindly advice Alh Aliko Dangote to immediately engage an external independent forensic auditor to audit the CTIN funds, and we also demand that anyone found guilty be held accountable for their actions.”

“We further demand swift action towards restructuring the leadership and governance of CTIN, nothing like life chairman, it should be democratic to prevent such overstay that is bringing severe mismanagement of what should be the People’s commonwealth from happening in the future.”

“We demand from Chairman CTIN Aliko Dangote , an explanation on his level of involvement as to what looks to the public as a mismanagement and misappropriation of the CTIN funds.”

“The Nigerian youth will no longer remain silent as our potential is suppressed and our futures are jeopardized by anyone.”

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“This is not a plea for answers; this is a demand for accountability, transparency, justice and a rallying cry for all those who believe in Nigeria’s potential and the rights of its youth to education, opportunity, and a fair shot at success.”

“We will not rest until every penny of the funds is accounted for, and until those responsible for this shameful betrayal of trust by hiding these funds and not using them for their right purpose, are held accountable publicly.”

“We will use every available platform and legal recourse to seek justice and ensure that such a breach of public trust never reocurs.”

“Alhaji Aliko Dangote, CTIN members, Ministry of Trade, Industry, and Investment, the Nigerian youth are waiting, and we demand your swift and thorough public response within seven days of publication of this letter,” NANS concluded.

 

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There Will Be No Abandoned Project In Tinubu Government – Wike
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Tinubu Responsible for Rivers Crisis – APC Chieftain, Wali

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

Kingsley Wali, the chieftain of the All Progressives Congress (APC) in Rivers State, has blamed Bola Ahmed Tinubu for the state’s ongoing political unrest.

In an interview with Punch, Wali said that Tinubu had purposefully “destroyed” the APC in Rivers because he disagreed with the party’s state leader, former governor Rotimi Amaechi.

According to Wali, the distance between Tinubu and Amaechi grew when the latter placed second in the APC presidential primaries against Tinubu.

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After that, Amaechi is said to have supported Atiku Abubakar, the candidate of the Peoples Democratic Party (PDP), in the 2023 election, ostensibly trying to thwart Tinubu’s success.

The PDP leader and political foe of Amaechi, Nyesom Wike, allegedly backed Tinubu in the state in retaliation.

Wali claims that Tinubu’s meeting with Wike and Governor Sim Fubara was only a formality because it did not produce any fruitful outcomes.

He stated, “Our problem goes beyond the status of the APC in Rivers State because truth be told, there is no such thing as the APC in Rivers State, because the President of the country has intentionally and deliberately because whatever disagreement he had with the leader of the party in the state, destroyed the party that he was part of, that he helped to form, but for selfish reasons, he wants to destroy the party in Rivers State.

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“But in destroying the APC in Rivers State, he was forgetting the people who died defending the cause of the APC in Rivers State, they are a legion. There was a particular family in Omok, the father, his wife, and the children were all executed.

“A lot of people were killed, but what the President is doing to the APC in Rivers State is simply spitting or peeing on the graves of those who died defending the party in the state. But again, it is Nigeria; that is the way Nigeria works,” he added.

Wali went on to say that since Wike was appointed as the Federal Capital Territory (FCT) minister, the APC in Rivers State has experienced a surge of “PDP refugees.”

 

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'Wait Until 2027 to Remove Bad Leaders' - Tinubu Warns Religious Leaders From Cursing Nigeria
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Tinubu Believes In Press Freedom, He Won’t Gag Media – IDris

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

The Minister of Information, Mohammed Idris, has stated that the government of President Bola Tinubu is a firm believer in press freedom and has no plans to muzzle the media.

According to Anaedoonline.ng, the minister made this argument to State House correspondents on Wednesday, shortly after briefing President Tinubu at the Aso Rock Villa in Abuja.

According to him, even if the federal government has no intention of stifling the press, this should not be used as an excuse for Nigerians to use unpatriotic language online because freedom of the press entails some amount of accountability.

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Iddris said, ‘That is a very delicate line to toe. While the government, Mr President and all of us in that sector are committed to ensuring press freedom. That freedom comes with responsibility…there is no attempt by the government to gag the press.”

Speaking further, about plans by the Nigerian Press Council to register journalists as a way to sanitise the profession, the minister said, “Well, that is being looked into; you know that Mr President believes in press freedom; he believes in the freedom of expression, and he’s not going to gag the press in any way, shape or form.

“He’s going to work assiduously to ensure that the Nigerian press that has been free is even freer. But this freedom also comes with enormous responsibility.

“You can’t just say what is not right because you’re enjoying press freedom. There will be freedom, responsible freedom.”

 

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2023 Presidential Election: He Came A Distant Third And He Knows – Onovo
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UPDATE: Tinubu To Meet UAE Leaders Over Visa, Diplomatic Row Today

by Mercy Ulasi
written by Mercy Ulasi 2 minutes read

In an effort to settle the suspension of Emirates Airline flights to Nigeria, the visa ban, and other diplomatic concerns today, President Bola Tinubu will meet with the leadership of the United Arab Emirates at 5 PM UAE time. ANAEDOONLINE data was accurately acquired.

The Minister for Aviation and Aerospace management, Festus Keyamo, had on Sunday night went to the Middle-East country to meet with the President who had a layover after exiting the G20 meeting in India.

Speaking with our correspondent, Festus Keyamo, SAN, Minister of Aviation and Aerospace Management, said that he left on Sunday night and that officials from the two nations will meet at 5 p.m. today.

“I am in Abu Dhabi to join Mr President to sort out the twin issues of Dubai visas and Emirates flights to Nigeria. Both leaders are meeting by 5 pm Today,” the minister said in a chat with our correspondent.
The reports that the UAE imposed a visa ban on Nigerians in October 2022, shortly after Emirates Airlines suspended flights to Nigeria. The move was reportedly in response to Nigeria’s failure to repatriate billions of dollars in trapped funds.

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Nigerian carrier, Air Peace, which was also operating in Dubai similarly suspended its flight as the UAE stopped the issuance of visas to prospective travellers.

When he hosted Salem Saeed Al-Shamsi, UAE Ambassador to Nigeria at Aso Rock last month, the President had directed that issues affecting relations with the Emirates Airline, and issuance of visas to Nigerians should be “immediately’’ resolved, emphasizing that he stands prepared to “personally’’ intervene.

“We are a family in the UAE, we only live in separate rooms, but we are in the same house. We should look at the issues as a family problem, and resolve it amicably. As you know in every family, there are peculiarities. You can have an erring son or daughter, but we must work together. We need to agree on core aviation and immigration issues,” the President had said.

On Sunday, the Presidential spokesman, Ajuri Ngelale, announced that Tinubu would meet UAE authorities over the issue.

Details later…

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'Recover N500 Billion Anchor Borrowers Loans' - Tinubu Directs Security Agencies
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‘Recover N500 Billion Anchor Borrowers Loans’ – Tinubu Directs Security Agencies

by Victor Ndubuisi
written by Victor Ndubuisi 2 minutes read

The relevant security agencies have been ordered by President Bola Ahmed Tinubu to reclaim more than N500 billion in loans made under the Federal Government’s Anchor Borrowers Programme.

According to Anaedoonline.ng, just N575 billion of the approximately N1.1 trillion invested in the Central Bank of Nigeria’s (CBN) Loan Programme has been recovered.

According to a report, the organisations tasked with collecting the unpaid loans are going after banks, farmers, and other people who had some connection to the funds.

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Numerous banks are allegedly accused of failing to account for the money that passed through them for the purpose of disbursing to recipients, sources told the newspaper.

One of the sources said: “Most of the banks have not accounted for the funds given to them for the programme.

“Many of them got money they did not disburse and never returned such money to the government.

“So they have to account for those. The banks have been contacted, and some of them have expressed their willingness to cooperate with the probe.

“As it is, the Presidency has given marching orders that relevant security agencies recover the loans for the Federal Government.

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“Among those who would be involved in the probe are the farmers, individuals, banks, companies, microfinance banks, credit and thrift services, among others.

“In the coming days, more details would come to light over the matter, but for now, it is confirmed that the go-ahead has been given for the money to be recovered.

“It is not out of place for the Presidency to give such orders to security agencies on issues of national importance. It is not unusual for the president to authorize security agencies to carry out such tasks.

“As I said, many of the banks did not account for the money in their custody, which they did not disburse.

“They have been written to in respect of the probe, and some have expressed their commitment to work with the security agencies on the matter.”

 

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