Nigeria On The Verge Of Economic Turnaround – Ex Petroleum Minister, Sylvia

The immediate past Nigeria’s minister of State for Petroleum, Timipre Sylvia has said that going by the steps being taken by President Bola Ahmed Tinubu, Nigeria is set to witness economic turnaround
“I believe that we are on the verge of an economic turnaround in this country, and going by the American parlance: “Is the economy, stupid?”
Sylvia, who spoke to newsmen shortly after a private audience with President Bola Tinubu today, August 8, at the presidential villa, Abuja, said that Nigeria has gotten the kind of President it had always been wanting.
“We need a president who understands the economy and I believe that we have one now.”
He commended the President for the great things he has been doing, saying that for the first time in Nigeria, states and federal government are to share N1.9 trillion.
“I know that for a long time, every administration; every government in Nigeria had been trying to remove the fuel subsidy.
“We (ex President Muhammadu Buhari government) attempted it. And it was actually part of the campaign of every presidential election in the previous election in the past election.
“But for Mr. President to have achieved this feat on the first day of his presidency, it’s quite commendable. We’ve seen a lot happening in the monetary policy sector.”
On his campaign for the November 11 governorship election, as the All Progressives Congress (APC) candidate in Bayelsa State, Sylvia said: “we are set to take over Bayelsa and I had to inform Mr. President what we’re doing and also take advice from him.”
He listened a six-point agenda for the state if he wins the election.
“First point of the agenda is human capital development, including education, which is very important. We need to really develop the capacity of our people.
“The second point of the agenda is infrastructure. We really need it in Bayelsa state.
“Third point of the agenda is to develop an economy for Bayelsa. “And for Bayelsa, we believe that the economy that can easily be developed is a gas economy, because we are sitting on the highest deposit of gas in Nigeria.
“Fourth point in the agenda is agriculture and in agriculture, we are not going to also be trying everything. We are going to concentrate on rice production. As you know, rice grows well in the swamps and Bayelsa has a lot of swamps as you know. We have Peremadi rice project which was actually designed to produce rice for the whole of Nigeria and West Africa. But it’s been abandoned.
“So, Bayelsa is actually within the rice belt. We are definitely going to become the biggest rice producer in Nigeria because we have comparative advantage. “And then of course, in agriculture we’re looking at also fishery.
“The fifth point of the agenda will be to stabilize power because you know that if you want to grow an economy you need to stabilize power.
“In my previous incarnation in Bayelsa, I was already on cause to stabilize power in Bayelsa before I left. “Unfortunately, they took it back 360 degrees.
“We must stabilize power in Bayelsa, working with the federal government and we have the gas to fire the power sector.
“Then the six point of the agenda is to ensure that there is security. So with this six point agenda, we will hit the ground running. I can assure you, linking up with the great things that are going to be achieved from the federal side and with what you can see, I believe that the glory days of Bayelsa is just around the corner, just like the glory days of Nigeria, also around the corner.”









Move By President Tinubu To Probe Emefiele’s Leadership Of CBN Commendable, By Salisu Jaji
We strongly commend the latest move by president Tinubu appointment of Jim Osayande Obazee, the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN) as Special Investigator to probe the CBN and its related entities under Emefiele leadership.
The recent happenings resulting from the move made by the Department of State Services (DSS) to rearrest and continue to interrogate the Governor of the Central Bank of Nigeria, Godwin Emefiele, is a commendable job. It is known that the DSS are accusing the CBN governor of economic and financial crimes of national security dimension and have even filed an ex-parte motion at the high court in Abuja for his arrest over these accusations.
However, while the sitting judge declined the ex-parte motion filed, he mentioned that if the DSS believes that the evidence available to it so far is sufficient, then it has the jurisdiction to arrest and detain the applicant, even without the order of the court. So, in all fairness to DSS their operation is within the ambit of rule of law.
Though this may not stop some disgruntle elements from outside the government and as well as influential politicians who are very close to the embattled former CBN governor, and who have benefitted hugely from Godwin Emefiele scams against Nigerian people at CBN through receiving all sort of contracts and financial favours are fighting back on his behalf. It was found that the above the described elements are using their influence inside the administration of president Tinubu as well as using proxies (by sponsoring protest by selfish civil society groups and attacks from media outlets) to fight the DSS particularly with the aim to smear the name and efforts of its Director-General, Yusuf Bichi, and some of the service’s key officials of the DSS. These selfish politicians have shown to have no regards to the rule of law, nor do they care about the general security of the country.
It is important that Nigerians ask the following important questions – What is Emefiele doing with that catchment of ammunitions discovered at his home? Why are powerful people who are known to be selfish and corrupt supporting Emefiele and shielding him away from facing justice? If Emefiele believe he is not guilty and he can prove that over the course of the investigation that will be huge win for his image in this country. And we all know that he will never go down unjustifiably, he can afford the best lawyers in this country, also his cohorts and friends will ensure that he get justice. But it is clear to Nigerians that the CBN governor and cohorts are trying hard to scuttle the investigation, for them it is not a matter of justice or proving innocence but a matter of LEAVE HIM ALONE irrespective of what he has done wrong. It is important for Bola Tinibu led administration to know that if this case is allowed to be swept under the carpet. it has the tendency of creating sense of impunity and demoralize the agile operatives of DSS and other security agencies jointly fought to unearth the criminality of Emefiele.
It is also very important for citizens of our country to understand that we cannot afford to allow people in power to act and behave recklessly, mismanage our resources, abuse their office, and still get away with it, just because they are being shielded by the power surrounding them. We cannot have a country were only the poor and powerless are subjected to the rule of law whereas those in power and their cohorts are not. And worst of all is when these enemies of progress use the illiteracy and hunger of some of our citizens to deceive them into fighting their selfish war against the very people that protect the interest of this country. Every Nigerian should be grateful to the DSS and its Director General, Mr Bichi due to their efforts in taming the monstrous insecurity facing this nation. Since the coming in of Mr Bichi, the DSS has been nothing but excellent playing its role diligently, gathering security intelligence and fighting so much security threats a lot of which most the public are not even aware of. We all know that DSS is saddled with critical functions of prevention and detection of any crime/terrorism against the internal security of Nigeria and provision of timely advice to Government on all matters of National security interest among other. So why will their investigation on the CBN governor be an exception just because of the interest of selfish elements. Nigerians need to understand that if the accusations against Emefiele are true and the DSS are prevented from carrying out their constitutional duty on the matter, the cost of this will be enormous capable bringing this country on its knees, emboldening terrorist sponsors and worse demoralising our security agencies and personnel.
Nigerians should not allow politicians and selfish elements to turn us against the very institution that protect our security interest and enemies of this countries. While it is expected that when corrupt elements and officials are investigated by security agencies, they will fight back, however its duty Nigerian citizens to stand in solidarity with the DSS in protecting and imposing sanity in the public institutions. It is understood that these selfish backers of the Mr Emefiele are using every influence at their disposal reaching out to sellout media to smear the name of DSS Director and its officials. Thus, it is imperative that Nigerians stand in solidarity and talk with one voice to support the DSS and its official, and urging the presidency to do all what it takes to support DSS on such critical security investigations.
We strongly commend the latest move by president Tinubu appointment of Jim Osayande Obazee, the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN) as Special Investigator to probe the CBN and its related entities under Emefiele leadership. We hope similar action will be extended in the case of former EFCC boss, Abdulrasheed Bawa to reap what he sows.
Ambassador Salisu Jaji wrote in from Abuja