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We Don’t Want To Play Economic Photo-Trick On Nigerians – Finance Minister

KEMI ADEOSUN FINANCE MUnlike the previous administrations which the minister of Finance, Mrs. Kemi Adeosun said, had been borrowing to pay salaries thereby playing a photo trick on Nigerians, President Muhammadu Buhari will not pretend that there are no problems.
“This administration (of Buhari) will state the fact as they are and be honest with Nigerians so that we can work collectively to fix all the problems, rather than pretend there are no problems.”
Adeosun, who appeared before the Senate on Thursday where he answered questions about ensuring that the agencies under the ministry of finance are properly scrutinised, acknowledged that work is on-going to ensure improved efficiency and fiscal discipline.
The Minister confirmed that Nigerian Customs will be reformed under this administration and steps are already in place to do so.
“We also learned that a multi-agency committee has been set up to review waivers: a new policy on waivers will be published shortly. Loop-holes and leakages will be closed and a clear strategic approach will be applied to import waivers.
“This policy will ensure that any waiver will be tied directly to economic growth and diversification.”
Adeosun said that the reality of the economy is that Nigeria most start to save, adding: “we cannot continue to spend all our earnings. We must start to save. It is our collective responsibility.”
The Minister attributed the current increase in prices of Agricultural products in Nigerian markets to payment delay to fertiliser producers in the past. According to he, the situation has led to crop failures and subsequently a lower output of basic products for the markets.
“Naturally prices increased due to these shortages.”
The minister said that plans are on the way for implement the poverty alleviation programmes most of which will be channelled through agriculture.
“We can expect a bumper harvest. What we must guard against is over supply and we will work with the farmers in this regard.
“Money has been pushed out in corn, rice and millet. We have widened the definition of Internally Generated Revenue of all states. This will encourage each state to look inward and increase production especially in agriculture.
“We are working on the recapitalisation of the Bank of agriculture and we will come up with a plan in the next 30 days. “All agricultural machinery is allowed to be imported with Zero import duty”
Responding to the issue of the size of the nation’s economy, the Minister stated that “Nigerians should not panic. We are still the biggest economy in Africa and we will still get better.
“When you have two consecutive quarters of negative growth, you are technically in a recession, but that notwithstanding, our focus should be on the progress we are making.
“We are tackling infrastructure deficits.  Our focus towards economic diversification is to bridge the infrastructural gaps.”
The Minister stressed the need to promote patronage for made in Nigeria products, saying that Made in Nigeria must be promoted and prioritised across all sectors of Nigeria.
When asked about implementation of budgeted constituency projects, the minister said: “everything in the budget needs to be implemented or else there is no sense in passing the budget.” [myad]

My Government Is Currently In Dialogue With Niger Delta Militants, Buhari Opens Up

Niger Delta Militants and BuhariPresident Muhammadu Buhari has disclosed that his government is currently talking to Niger Delta militants through oil companies and law-enforcement agencies as a way of finding a lasting solution to insecurity in the region.
Speaking at a farewell audience with the outgoing Ambassador of Germany to Nigeria, Mr. Michael Zinner, at the State House on Thursday, President Buhari said that government is studying the instruments of the Amnesty Programme inherited from the previous administration with a view to carrying out commitments made that were undelivered.
“We understand their feelings. We are studying the instruments. We have to secure the environment, otherwise investment will not come. We will do our best for the country.”
The President thanked the government of Germany for its continuing support to Nigeria in the efforts to tackle insecurity and the on-going rehabilitation and resettlement of displaced citizens in crisis areas in the North-Eastern parts of the country.
President Buhari also thanked Nigeria’s neighbours for their firm and unflinching support in the war against terror.
The outgoing German Ambassador noted that bilateral relations between Nigeria and Germany had improved very much in the last 12 months of this administration.
He expressed the readiness of Germany to assist Nigeria in the rehabilitation process in the North East to help displaced persons return to their villages. He also expressed the eagerness of German businesses to invest in the country, now that conditions for investment have been put in place.
The German Ambassador reiterated the standing invitation of Chancellor Angela Merkel to President Buhari to visit Germany. [myad]

You Can Now Deposit Dollar In Nigerian Banks – Central Bank Confirms

CBN Governor Godwin EmefieleThe Central Bank of Nigeria (CBN) has cleared air for Nigerians operating Domiciliary Accounts to lodge dollar cash into their non-export Domestic accounts.
The CBN governor, Godwin Emefiele, who briefed the National Economic Council (NEC) at the Presidential Villa, Abuja on Thursday, said however that such transaction would be subject to the provisions of the money laundering Act.
The NEC meeting was attended by governors from the 36 states of the federation and the Central Bank. It was presided over the Vice President, Professor Yemi Osinbajo.
The meeting discussed specific steps and actions to be taken as both the Federal Government and state governments intensify focus on diversifying the Nigerian economy especially through agriculture.
The meeting welcomed the newly adopted “Green Alternative.” The Green Alternative is the name of the Agricultural Diversification plan of the Federal Government.
Below are highlights of the NEC meeting.
A. UPDATE ON SEPARATE FUNDING STREAM FOR JOINT VENTURES CASH CALLS (JVC)
· Minister of State, Petroleum Resources briefed the Council that the current upstream JVC arrangement in Nigeria’s Oil and Gas Industry are incorporated JV with NNPC and the IOC partners
· Minister proposed a new self-funded JVC Cash Calls i.e. Incorporated JVCs or IJVC
· Some benefits of the self-funded JV i.e. IJVC:
– Improves accountability within the governing structure of the JVs
– A self-funding entity outside otherwise cumbersome government budget process
– Less political interference given that operational control rests with joint teams and ultimately IJVC entities when formed
– It also focuses on commercial decision making
· Council heard that a decision on the proposal would be taken once negotiations for the new IJVC are concluded
B.  PRESENTATION ON MEDIUM TERM FISCAL FRAMEWORK 2017 – 2019
· The Honourable Minister of Budget and National Planning also made a presentation on MTFF 2017 – 2019 to the Council
C. PRESENTATION ON SELF-SUFFICIENCY IN FOOD PRODUCTION – MINISTER OF AGRICULTURE
· The presentation noted that economic diversification must be taken with all commitment in view of current harsh economic situation.
· Emphasized that Agriculture needs to be more seriously embarked upon by all governments and citizens with renewed vigor.
· Federal Government is pursuing Self-Sufficiency in food production with all seriousness.
· Federal Government to launch “The Green Alternative” as a road map following FEC’s endorsement.
· Two main thrusts of the road map:
– Operate in partnership with State Governments to meet national production targets.
– Embark on production of export commodities.
· CBN Anchor Borrowers Programme to support millions of small-holders in rice production.
· Government to raise rice milling capacity to 10 million paddy rice annually.
· Current efforts to conclude a China-Exim Bank Credit to support 40,000 – 100,000 tons per day rice mills for Nigeria.
· Government intends to meet target of 2018 in Rice Self-Sufficiency.
· Role of States in Food Self-Sufficiency:
– Processing and preservation – States to put in quality control measures and intensify advocacy;
– Provide extension services and intensify seed development and supply fertilizer;
– States should encourage more youths to get involved in agriculture and replace ageing farmer population now averaging 63 – 65 in age;
– Lands preparation for effective mechanization by States to encourage old hands and encourage new comers to gain access;
– Other areas for States to intervene/support include; earth dams because of climatic uncertainties, machinery such as tractors, rural roads to improve access to support evacuation from farmlands and also appropriate fertilizer to nourish soil accordingly;
– There was an enthusiastic discussion of this presentation by NEC, indicating awareness on need for agriculture diversification;
– States were also asked to identify their specific intensions areas and targets regarding agriculture diversification so as to measure progress.
D. REPORT ON EXCESS CRUDE PROCEEDS
· Minister of Finance reported to the Council that the balance in the ECA as at July 20, 2016 stood at USD 3.93 billion.
E. UPDATE ON BUDGET SUPPORT FACILITY BY THE HONOURABLE MINISTER OF FINANCE
· Minister of Finance gave and update as follows:
i) 35 States applied for the facility.
ii) 28 States met the requirements
iii) 7 States sent their required documentations late and are being processed.
ANY OTHER BUSINESS
The Council was informed by the Central Bank Governor that all Bank customers that operate Domiciliary Accounts are permitted to lodge dollar cash into their non-export Dom accounts subject to the provisions of the money laundering Act. [myad]

Peterside Warns Oil Companies: Disregarding Environmental Laws Will No Longer Be Tolerated

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Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that the Agency will no longer tolerate the disregard for Cabotage and environmental laws by the International Oil Companies (IOCs) operating in Nigeria.
Dr. Peterside who spoke at a meeting with representatives of the IOCs in Lagos on ways to foster a closer synergy towards Nigeria’s economic development, charged the IOCs to be mindful of all existing laws and regulations in the discharge of their duties. He warned that applicable sanctions will be meted out to erring companies.
The Director General highlighted areas of interest to NIMASA, which he said, include the flouting of Cabotage law, negative impact to the environment from oil exploration activities, none payment of statutory levies due to the government and inadequate information sharing.
He said that a situation where the IOCs engage foreign vessels to do jobs that Nigerian operators have adequate capacity and equipment to do will no longer be tolerated as this has been a major bane in the development of Nigeria’s shipping industry.
“You must give us ample notice of vessel requirements so that we can engage indigenous operators who have the capacity to do the job instead of giving it to foreign operators.
“The spirit of the Cabotage Act is not to generate revenue in terms of waivers but to build the requisite capacity for indigenous players which will in the long run generate wealth and create employment for Nigeria’s teeming population.”
Dr. Peterside however commended the IOCs for their compliance level with payment of statutory levies so far, even as he said that the argument on the payment of Cabotage levies on Floating Production Storage and Offloading (FPSOs) facilities and other offshore platforms is unnecessary.
“By our laws, FPSOs and other offshore platforms are Cabotage vessels that are subject to NIMASA’s regulation and payment of statutory levies.”
NIMASA boss called for closer synergy with the oil companies for the benefit of the Nation, even as he promised that the Agency will deepen its collaboration with the Nigerian Content Development and Monitoring Board (NCDMB) for the benefit of indigenous operators in Nigeria’s maritime environment.
“Whether you are into shipping or shipping related business, NIMASA has a role to play in ensuring that the business is done seamlessly without security risk and not at the detriment of the Nigerian state. Therefore there is the need for you to cooperate with NIMASA especially in the area of information sharing.”
Peterside said that the new NIMASA under his watch is committed to raising a high level of service delivery and that there is the need for all key players to cooperate with the Agency by sharing relevant information that would assist the Agency in carrying out its statutory responsibilities.
He said that the era of some of the IOCs carrying out their businesses in violation of Nigeria’s laws especially as regards Cabotage and the environment is over, stressing: “we will not fold our arms and watch while you do damage to our environment because environmental pollution is life threatening.” [myad]

Finance Minister Announces Disbursement Of N247.98 Billion As Capital Release

Construction of roadThe Minister of Finance, Mrs. Kemi Adeosun has said that the Federal Government
has disbursed a sum of N247.98 billon as capital release so far this year.
The Minister, in her presentation to the Senate on Thursday, explained that the disbursements were being made in line with strategic priorities to address infrastructure deficit and drive domestic growth.
The latest figure of N247.98bn, she noted, compares to a sum of N387bn capital spend for full year 2015.
She said that:

  • N 21.6bn released for agriculture in 2016 is 4.9 times percent of N4.5bn spent in 2015.
    · N118.0bn released so far to the power, works and housing in 2016 is 4.0 time the amount spent for full year 2015 which was N29.3bn.
    · N24.0bn was disbursed to Transport ministry so far and that this is 3.6 time of N6.5bn spent for full year 2015.
    · N9.5bn released in 2016 to Interior Ministry is 6.2 time the amount spent for full year 2015, which was N1.5bn.
    · N32.7bn for Defence Ministry has been disbursed in 2016 and this is 1.3 time ofN26.1bn total release for 2015.
    Adeosun said that debt owed to contractors has slowed the pace of implementation, saying however that contractors and cash call arrears totalling N5bn Joint venture funding arrears are being addressed.
    The Minister said that in order to achieve the objectives of capital spending, the Ministry of Industry, Trade & Investment is also working on government’s soft infrastructure (N465.12m in capital spend released to date). She listed one of the objectives to include improvement in Ease of Doing Business ranking to 100thposition from current position of 169th.
    The Minister said that the current stability in oil price has raised hope for Nigeria,noting that Oil prices are up 75% per barrel since hitting a 12-year low of around$27barrel.
    Adeosun said that oil production volumes are expected to rebound in the nearterm and that ongoing fiscal reforms are bearing fruit.
    According to her, the Federal Government is making a N8bn savings on payroll to date, while a N14bn in estimated savings on overhead is expected by year end.
    “While production volumes have increased, the damage to oil facilities are concentrated on onshore oil fields from which we get our greatest volumes and revenues. The gap in production volume is being plugged by production in off-shore fields (Production Sharing Contracts) from which we incur higher costs. This therefore, minimizes the effect of increasing production in revenue terms.”
    The Minister stressed that Investment in critical infrastructure is key to unlocking economic growth, while Cost reductions being achieved through fiscal reforms create head room for capital investment.
    The Federal Government, she said, is effectively managing debt overhang; forming strategic alliances with private sector to implement key projects with limited budgetary provision; restructuring of outstanding PPPs to address legacy issues and initiate New PPPs to ensure efficient delivery of infrastructure and value for money efficiency gains.
    The Minister explained that current FAAC disbursements are low due to the three-month lag in sharing of oil revenues. “Crude oil proceeds in April are being shared in June and therefore, do not reflect recent increases in production volumes.
    “Our revenues are looking well; FIRS and Customs are doing well in terms of this” Adeosun said, adding: “our spending is being targeted to stimulate the economy and achieve positive GDP Growth. There is a trade-off between growth and inflation. “The objective is to target growth while keeping a close eye on inflation.
    “We will invest in key infrastructural upgrades to stimulate the economy.” [myad]

Buhari Confirms India To Be The Biggest Buyer Of Nigeria’s Crude Oil Today

A ship loads crude oil at Bonga off-shore oil field outside Lagos,  in a file photo.  REUTERS/Akintunde Akinleye

President Muhammadu Buhari has hailed India as the biggest buyer of Nigeri’s crude oil today, in spite of the sharp fall in its price in the international market.
“)ou are also the biggest buyer of Nigeria’s crude oil today,” the President remarked as he received in audience, High Commissioner of the Republic of India, Mr. Nagabhushana Reddy, who was at the Presidential Villa, Abuja on Thursday to present his letter of credence.
Buhari said that Nigeria needs more of such beneficial partnership in its attempt to be more innovative in education, manufacturing and agriculture to diversify the economy,” he said.
President Buhari said the strong relationship that has been established between Nigeria and India over the years could be further explored in creating a competitive edge, and mutual advantage for both countries in agriculture, trade and skills transfer.
He said his administration will continue to welcome innovative ideas in the gas, technology and agricultural sectors to reposition the economy.
President Buhari said that Nigeria will strengthen cooperation with the Asian country on education, technology transfer and military training.
“The relationship between Nigeria and India is a long one. The relationship pre-dates Nigeria’s independence and as soon as we got our independence we opened a mission in New Delhi.
“Our relationship cuts across education, military, trade manufacturing and technology. I recall schooling at the Defence Services Staff College in Wellington from 1970 to 1973 and the significant role India played in establishing the Nigerian Defence Academy.
“Certainly, you are also the biggest buyer of Nigeria’s crude oil today. We need more of that partnership as Nigeria tries to be more innovative in education, manufacturing and agriculture to diversify the economy.”
This was even as Reddy said that the Indian government is looking forward to consolidating its relationship with the ministries of petroleum, agriculture, Trade and Investment; and Power, Housing and Urban Development for various projects.
The Indian High Commissioner said that the Indian Chamber of Commerce has already created a Nigerian Chapter, with a view to promoting trade, especially in the energy sector.
President Buhari also received Letters of Credence from   Ambassador of the Republic of Gambia, Mr. Famara Kassy Gaye; Ambassador of the Democratic Socialist Republic of Sri Lanka, Mr. Thambirajah Reveenthiran and Ambassador of the Islamic Republic of Iran, Mr. Morteza Rahimi Zarchi. [myad]

Bakassi Women Threaten To Protest Naked If Buhari Continues To Ignore Their Plights

Ita GiwaBakassi women in Cross River state have threatened to go naked in protest and cry to God if President Muhammadu Buhari fails to urgently re-settle them.

Former Presidential Adviser on National Assembly Matters, Senator Florence Ita-Giwa, who spoke on behalf of the frustrated women, in a statement made available to newsmen on Thursday, said that her people are not cowards and that their silence should not be mistaken for weakness.

She said that she has been busy pacifying the aggrieved women not to take laws into their hands because she sees President Buhari as a man of the people and as her own way of contributing to the unity of the nation.

Ita Giwa said that it was Bakassi land that was ceded and not the people and that they made a choice to remain as Nigerians, regretting that 11 years after, over 4,000 refugees are still wallowing in poverty and suffering because the Federal Government has failed to properly resettle them in their choice location where they registered and voted for their choice candidates during the previous elections.

She said that Bakassi people and the entire people of Cross River State are suffering since the loss of their oil wells and other benefits.

The statement reads in parts: “I am using this medium again to protest the insensitivity of the Federal Government to our collective plight as Bakassi people.

“As far as I know, Bakassi Local Government Area is still in Cross River and it’s constitutionally catered for like every other council areas but sadly we have been neglected. Even the host community has suffered a lot of inconveniences and they are not being encouraged in any way with social facilities.

“The Buhari administration is busy rebuilding the North East but feel so unconcerned about the Bakassi people inspite of the fact that our situation existed before Boko Haram.

“Did we commit a crime by choosing to remain in our fatherland? Why rebuild North East and abandon Bakassi? My people are refugees and they should be rehabilitated.” [myad]

Nigerian Universities Need 100,000 Lecturers To Beef-Up Academic Activities – ASUU

Adamu Adamu educationThe Academic Staff Union of Universities has said that no fewer than 100,000 lecturers are needed to beef-up academic activities in the nation’s public universities.

The union’s President, Prof. Biodun Ogunyemi, who spoke to the News Agency of Nigeria (NAN) on Thursday in Lagos, said that going by the report of the 2012 NEEDS assessment survey sponsored by the Federal Government, there are 37,504 academics in the public university system, adding that 70,000 lecturers are needed at that time to serve the universities.

Ogunymi added: “From available records, the system had 37,504 academics during the 2012 NEEDS assessment of universities sponsored by the Federal Government.

“This is grossly inadequate as the system is in need of 100,000 personnel for academic workforce. Out of the 37,504 lecturers in the system as at 2012, only 40 per cent of them had PhDs.

“Today, we have more universities and this means that to actualise the mandate given to them (universities) and remain relevant, the system will need not less than 100,000 lecturers.”

According to Professor Ogunyemi, the development is worrisome and calls for concern as it is a major threat to government’s quest for national transformation and development.

“This is one thing we, as members of ASUU, have been engaging successive governments about. Today, we have less than 40,000 lecturers in the entire university system, which is grossly inadequate.

“There has not been provision for enough manpower over the years in tertiary institutions.”

The unionist recalled that at a time, even the National Universities Commission also came up with an estimate of 60,000 lecturers needed for the university sector alone.”

He said that as that period, the country had less than 20,000 lecturers in the system, adding: “this is made worse today with the proliferation of private universities in the country.

“The demand is more than what the requirement was, four years back.”

Professor Ogunyemi stressed that the union is not against the establishment of more universities, but that in doing so, “there is need to ensure that proper feasibility studies were carried out and requirements met before establishing them.”

He recalled that when the union started engaging the Federal Government on some of the challenges noticed in the system in 1992, one of the main issues was on how to tackle brain drain.

According to him, brain drain is still a major concern even as he said that most scholars have been frustrated out of the system due to poor operational environment.

“There are issues of inadequate facilities for cutting edge research and teaching as well as poor funding to carry out such projects.

“In the 1980s, we lost many of our tested hands from Nigeria to other foreign universities, including neighbouring Ghana.Our lecturers left massively because they wanted to excel.

“The opportunity for them to excel was not within as their major concern, as professionals, is to ensure that they contribute to knowledge and the only way to achieve this is through cutting edge experimental research.”

The ASUU boss also identified poor remuneration as part of the issues affecting the system, adding that it had made the profession unattractive, thereby making it difficult to retain even upcoming scholars.

“We found out that at some points, academics were not only poorly paid, but were given pay packages that could not take them home.

“Lecturers are like other professionals. In those days, many industries came to universities to source for their workforce because of the confidence they had in the system.

“The brilliant scholars we had then would rather choose to remain in the system to contribute to knowledge rather than go to these industries.

“But with the turn of events, they were leaving in their numbers for greener pasture.”

Professor Ogunyemi also cited policy somersault as part of the issues militating against academic workforce in the institutions.

NAN. [myad]

Between Internet Governor And Oshiomhole’s Third Term, By Sufuyan Ojeifo

Sufuyan Ojeifo
Sufuyan Ojeifo

Many Nigerians, especially Edo indigenes and residents, had patiently waited for the gubernatorial campaign flag off of the All Progressives Party (APC) in Edo State, so as to make some sensible inference and possibly a starter-opinion-projection on the likely candidate to beat in the September 10 election.  This was after the Peoples Democratic Party (PDP) had flagged off its own electioneering in the State capital, of course, rescued by a hurriedly secured venue-the Baptist Convention ground, which was the saving grace after the state government in a last-minute show of shame, denied PDP the use of Samuel Ogbemudia Stadium.
Interesting conversation ensued in the social media during the APC campaign; and, first to be noticed was the glaring lack of composure by Godwin Obaseki, its governorship candidate. Beside natural elements which threatened that very day, as heavy rainfall nearly marred the event, Obaseki’s address turned out a dismal anti-climax as he virtually relied on a written speech to reel out his campaign promises to the scanty crowd. He even laboured hard to flow through it.  It was his first official outing and, indeed, an opportunity to make a good impression of his personality and confidence. But to the chagrin of APC leaders present and viewers who watched the live telecast of the rally at home, he displayed such timidity as never seen in campaign rallies in recent times. A full-paper speech in an age where the norm is gradually becoming how effectively and smoothly a leader can deliver extemporaneously is to say the least disappointing! A bitter pill for APC supporters, no doubt.
So the conversation continued till evening in the social media.  But it was not in contention that the incumbent Governor of Edo State, Adams Oshiomhole, had stolen the show and without any doubt taken the shine off Obaseki. In aggregate, Oshiomhole spoke for over an hour addressing an apparently uninspired crowd, while Obaseki could only utilize 20 minutes or thereabout to read his prosaic speech. Unfortunately for the APC candidate who is still operating under the controversial shadow of Oshiomhole as a “puppet-candidate” (apologies to Twitter folks), PDP’s Pastor Osagie Ize-Iyamu continues to be in firm control of his own campaign structure as the main actor. Ize-Iyamu who was about the same time addressing a rally of enthusiastic PDP supporters and sympathizers in Uromi, was in his full elements speaking to issues that will shape his administration when elected and exposing the failures and failings of Oshiomhole’s government as well as the political deficits of his crony-candidate, Obaseki.
Back to the PDP flag off in Benin, notwithstanding the last-minute change of venue, the PDP campaign was well organized and it was one of the best moments for the party in the last eight years. Pastor Ize-Iyamu, who was the bulwark of the political machinery that produced Oshiuomhole’s eight-year governorship, did not disappoint as opposition’s battle axe or arrowhead. He used the occasion to showcase his personality as a candidate who is effectively prepared for the job. Aside his  characteristic rendition of political cum religious songs to enliven the  mammoth crowd, he virtually took control of his speech and did not waste time to bury himself in paper presentation. Believe it, the fact that Edo State is now winnable for the PDP has rekindled the hope of the party members not only statewide but also nationwide. Since its flag off, the PDP campaign train has wasted no time in hitting different parts of the State, in clear steps ahead of the APC campaign train.
Still on the online conversation, before the end of that day when APC flagged off its campaign, there was an interesting conclusion, which is that It was not so difficult for online and social media influencers who had also watched the PDP campaign flag off to conclude that: “It would be easier for Adams Oshiomhole to win a third term than for Godwin Obaseki to win on September 10, 2016.” It was a damning, hurting verdict for the APC governorship candidate. And except there is a change in campaign strategy, which will require Oshiomhole who has assumed a new false role as the political lord and Kingmaker of Edo, to step aside, Obaseki’s campaign may never fly. Even if Obaseki is a political neophyte, he should be allowed enough time to speak to the people he wants to govern and not made to make feeble appearances from behind Oshiomhole or the comrade governor’s shadows.
Added to the campaign burden of Obaseki who is battling to gain public approval is actually the question about his sense of preparedness to preside over the “Heartbeat” of Nigeria. If his poor showing at the flag off is anything to worry about, then his second major campaign in Auchi was a disaster back-to-back: “One key infrastructure which I will bring to support our youths to create business will be internet,” says Mr. Obaseki, who has now been baptized with a new name, to wit: Internet Governor. Obaseki’s gaffe is a ten-second video that is trending in the social media. It has become one of his undoings. APC social media warriors have tentatively given up, and except a miracle happens, and Obaseki discovers a new form that can revive their spirit, so shall they remain disconsolate.
In a likely repeat of PDP’s exploit in Ekiti State in 2014 in an election that saw Ayo Fayose defeat an incumbent ACN (APC) governor, Kayode Fayemi, the possibility of a landslide victory for the PDP is looking feasible ahead of the Edo governorship election. The APC has suffered its worse public acceptance in Edo since May 29, 2015 when it took power at the centre. By every measure of political projection, it is in a defeatist mood, even as core members have come to admit that a rigging of any sort will only reduce the gap of defeat. But then, credible reports indicate that Edo people who rallied support for Oshiomhole in 2007 in his fight to reclaim his mandate in court in 2008 are ready to resist any Machiavellian electoral strategy by the governor.  As it is, the Edo verdict even before September 10 election, is a nay vote for Oshiomhole who sees Obaseki as his third term project and the APC candidate who is relying on the Internet as his proposed infrastructure to create jobs.
The people are tired of Oshiomhole’s lies and propaganda packaged as truth all these years, especially in his second tenure. They had given their mandate in 2007 to a supposed labour leader who would govern them with the compassionate heart of a labour man, and one who would not amass wealth at the expense of the masses and to the detriment of good governance. Unfortunately that is not the story today.  It is alleged that his mansions and property in Nigeria and abroad are worth billions of Naira. Accountability is said to be far away from governance in Edo, while transparency, especially in costs of projects, has become elusive. What is currently beating in the Heartbeat of Nigeria is the real fear that Oshiomhole has mortgaged the future of the state and its people as they have begun to buckle under debt burden.
Today, the once very popular comrade governor has become increasingly unsecured as a governor because he is afraid of the future. The fear of an independent-minded successor exposing the alleged sacrilege that he has committed in the financial sanctuary of Edo State appears to be plaguing him. But instead of nursing a founded fear, Oshiomhole can start doing the needful by returning the purportedly pilfered commonwealth of Edo people.  Only by this act of penitence can any form of squander mania in Edo be forgiven.  The disposition in several quarters is that Oshiomhole should not contemplate gambling with a likely victory for his “puppet-candidate.” The governor, as contended, even has more to fear because the enemies within his own camp are enough to cause him a scandalous defeat on September 10.  Anyhow, the nays (to him and Obaseki) have it….

Ojeifo contributed this piece from Abuja. [myad]

Ministers Share Jokes Before Wednesday FEC

PMB PRESIDES OVER JULY FEC MEETING 9A&B. R-L; Minister of Finance, Mrs Kemi Adeosun, Minister of Solid Minerals, Dr Kayode Fayemi, Minister of Transportation, Mr Rotimi Amaechi and Minister of Interior, Lt Gen Abdulrahman Dambazau as President Muhammadu Buhari presides over July 20th 2016 Federal Executive Council (FEC) meeting at the State House in Abuja. PHOTO; SUNDAY AGHAEZE. JULY 20 2016

From right: Ministers of Finance, Kemi Adeosun; Solid Mineral Resources, Kayode Fayemi; Transport, Rotimi Amaechi and Interior, Abdulrahman Dambazau sharing some jokes and banters shortly before the commencement of the Federal Executive Council (FEC) meeting, presided over by President Muhammadu Buhari at the Aso Presidential Villa, Abuja, on Wednesday, July 20.

PMB PRESIDES OVER JULY FEC MEETING 15. FCT Minister Alhaji Mohammed Bello and Minister of Budget and Nattional Planning, Senator Udoma Udo Udoma as President Muhammadu Buhari presides over July 20 2016 Federal Executive Council (FEC) meeting at the Council Chamber State House in Abuja. PHOTO; SUNDAY AGHAEZE. Wednesday JULY 20 2016.

Also in relaxed mood before the FEC meeting were the FCT minister, Muhammad Musa Bello (r) and minister of budget and national planning, Udoma Udo Udoma.

PMB PRESIDES OVER JULY FEC MEETING 2. R-L; President Muhammadu Buhari, Vice President Prof Yemi Osinbajo, SGF, Engr Babachir David Lawal, Chief of Staff, Mallam Abba Kyari and Head of Civil Service of the Federation, Mrs Winifred Oyo-Ita as President  presides over July 20th 2016 Federal Executive Council (FEC) meeting at the State House in Abuja. PHOTO; SUNDAY AGHAEZE. JULY  20 2016.

President Buhari and his cabinet members at attention as the national anthem is being played to signal the beginning of the FEC meeting at the Aso Presidential Villa, Abuja. [myad]

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