CBN Determined To Wade Through Challenges To Steer Economy From Recession – Spokesman



The Presidency has made it clear that Nigeria will not engage in a street fight with Ghana over demolition of some apartments under construction in the Nigerian embassy in Ghana’s capital, Accra.
Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a chat with newsmen today, June 24, at the presidential villa, Abuja, said that both leaders will resolve the issue diplomatically.
“The President of Ghana has called and regretted the action and apologised to the President of Nigeria. I think he has shown leadership in the matter and what should Nigeria do; these are two leading countries in West Africa.
“Nigeria will not engage in a street fight with Ghana. This cannot happen. So, the two leaders, especially President Muhammadu Buhari, who is much respected in Africa, they all call him ‘Baba’ (Father), so he is bound to show restraint.
“Matters such as this when they arise, it is always better when they arise, they should be resolved diplomatically. No, there shouldn’t be a fight between Nigeria and Ghana, this will not happen.”
It would be recalled that President Nana Akufo-Addo of Ghana, had yesterday, June 23, called President Muhammadu Buhari on phone, to tender sincere apologies for demolition of a building on the premises of Nigerian High Commission in Accra, Ghana.
Akufo-Addo had informed President Buhari that he had directed full investigation into the incident.

The Presidency has technically turned away the former Deputy National Secretary of the All Progressives Congress(APC) Victor Giadom, who is one of those parading as National Chairman of the ruling All Progressives Congress (APC).
Giadom was led to the Aso Rock Presidential Villa in Abuja today, June 24, by the Ekiti State Governor, Dr. Kayode Fayemi to meet with President Muhammadu Buhari.
Information reaching us at Greenbarge Reporters said that instead of meeting with the President, the Chief of Staff to the President, Professor Ibrahim Gambari, decided to host the guests.
The Chief of Staff, according to reports, subtly told Giadom and Fayemi that the President was done with work for the day and would not be able to receive them.
It was learnt that Fayemi had led Giadom to see Buhari to get endorsement for the emergency National Executive Council (NEC) he convened.
Fayemi is alleged to be one of the antagonists of the suspended national chairman, Adams Oshiomhole.
Polaris Bank has launched what it called “a one-stop-solution to the health sector” under which it disbursed, in September 2019, billions of naira to support the growth of the Nigerian health sector through tailor-made banking products for businesses.
A statement from the bank said that the drive was re-enforced by the CBN N100 billion Health sector support fund set aside by the Apex Bank to help cushion the effect of coronavirus on the nation’s economy and the health sector in particular.
The Bank’s Group Head, Products and Market Development, Adebimpe Ihekuna, was quoted in the statement to have made the comment at the recently concluded webinar, tagged: “Managing Health Care Business During and Post-COVID-19.”
Eligible participants under the scheme comprise healthcare product manufacturers – pharmaceutical drugs and medical equipment; and healthcare service providers/medical facilities – hospitals/clinics, diagnostic centres/laboratories, fitness and wellness centres, rehabilitation centres, dialysis centres and blood banks. Others include pharmaceutical/medical products distribution and logistics services; and other human healthcare service providers as may be determined by the Central Bank Of Nigeria (CBN) from time to time.
Adebimpe explained that the chunk of the disbursements are under the CBN intervention funds at 5% and up to 10 years loan tenor; as well as direct disbursement from Polaris Bank at a with highly competitive terms and conditions.
She confirmed that healthcare firms/businesses in the value chain who wish to take advantage of the scheme to expand and grow their business, should submit their application at any branch of Polaris Bank or send a mail to: smebusiness@Polarisbanklimited.com to engage a Product Manager for guidance.
The statement said that applicants can visit the Polaris Bank website: www.polarisbanklimited.com for additional details on the CBN N100 billion Health sector support fund and other lines of products.
It said that the Bank is a future-determining Bank committed to the delivery of industry-defining products, and services, across all the sectors of the Nigerian economy.
President Nana Akufo-Addo of Ghana has tendered an apology to President Muhammadu Buhari over the demolition of a building on the premises of Nigerian High Commission in Accra, Ghana.
In a telephone conversation today, June 24, the Ghanaian leader told President Buhari that he has directed full investigation into the incident.
Information reaching us at the Greenbarge Reporters showed that some suspects have been arrested in connection to the demolition, and will be arraigned in court shortly.

Rivers State Governor, Nyesom Wike, has described some members of the National Working Committee (NWC) of the Peoples Demicratic Party (PDP) as tax collectors.
Commissioner for Information and Communications, Paulinus Nsirim, who made this known today, June 24, said that the governor spoke in Port Harcourt while announcing his decision to pull out of the reconciliation efforts of the Edo State Chapter of the PDP.
The governor was quoted as saying that he such members of the PDP NWC are sycophants and tax collectors who would never tell the truth, adding that instead of the NWC to carry everybody along in Edo state, they resorted to using the media to blackmail him.
“I told them that in Edo State, we must handle the issue carefully and carry everybody along. They must respect human beings and not behave like tax collectors. They said because an order was obtained from a Federal High Court in Port Harcourt, then I am responsible.
“I have had sleepless nights to resolve the issue in Edo state. The Governors of Edo, Adamawa, and Delta states, know what I have done to resolve the issues in Edo state.
“As a result of this senseless accusation, I have pulled out of Edo State settlement. My integrity matters. I have also directed my lawyer to write ThisDay Newspaper on the publication they made against me in their Tuesday, 23rd June, 2020 edition.
“I know the members of the National Working Committee of PDP who connived with ThisDay. They are tax collectors. Let them challenge me and I will come out with more facts. Nobody will rubbish me by raising false accusations against me. I will fight back.”
Governor Wike said that he would no longer participate in any reconciliation and wondered why the NWC wanted to consult governors of the party.
He questioned why the NWC did not consult with governors in the case of Bayelsa State even as he warned that if PDP is not careful, the crisis in the All Progressive Congress (APC) would be a child’s play.
“I am brought up not to accept injustice, and that is why I keep speaking out on national issues. Nobody in PDP can intimidate Rivers State.
“Nobody can threaten me because I said things must be done constitutionally. I will always continue to satisfy my conscience.
“From now on, I want to concentrate on the development of Rivers State.”
The Peoples Democratic Party (PDP) is angry with Justice E. A Obile of the Port Harcourt Division of the Federal High Court who stopped the embattled Edo State Governor, Godwin Obaseki from participating in the party’s governorship primaries coming up on Thursday, June 26.
The party therefore asked the Chief Justice of Nigeria (CJN) to sanction the judge, whom it accused of assuming wrong jurisdiction in a case which sought to bar the Edo State governor, Godwin Obaseki, from participating in Thursday’s Primary election of the party. It asked that the Chief Judge of the Federal High Court should be advised to reassign the suit to a judge of the Federal High Court sitting at the Abuja Division of the Court.
In a petition sent to the CJN today, June 24, the PDP specifically requested that “immediate disciplinary action be commenced against Hon. Justice E.A. Obile of the Port Harcourt Division of the Federal High Court for invidiously assuming jurisdiction and taking sides in the political conflict in Edo State with a view to disrupting the political process”
The petition, which was signed by Dakzel Longii Shamnas, an official of the legal department of the PDP, alleged that Justice Obile “did not approach the matter with circumspection, thereby playing into the hands of politicians.”
According to the petition, Obile ought to have declined jurisdiction on the matter because “the headquarters of the PDP is in Abuja. The screening of candidates for the gubernatorial election which the plaintiff is complaining of in the suit took place in Abuja. The headquarters of the Independent National Electoral Commission (INEC) is in Abuja.
“On the other hand, the primary election is to take place in Benin City; and the 8th Defendant (Governor Godwin 0baseku) sought to be restrained from contesting the primary election is also based in Benin City. Thus there is no nexus between the facts of this matter and Port Harcourt. These facts ought to have been taken into consideration by Hon. Justice E.A. Obile in Iine with the dictates of the extant practice and procedure of the Federal High Court in volatile pre-election matters such as the instant case.
“Hon. Justice E. A. Obile while going through originating processes before assuming jurisdiction, should have recognized that the Port Harcourt Division of Federal High Court was chosen to make it impossible for the Defendants to appear before the court and to have tall hearing m the matter. This is reinforced by the applications for abridgment of time and substituted service as well as the time-bound nature of the primary election.”
The party stated that “the intention to deny the defendants fair hearing is also borne out of the fact that the Plaintiff applied for and was granted substituted service of the processes of the court as well as abridgment of time. The orders were made on the 22“ day of June 2020, the primary election is coming up on the 25“‘ day of June 2020 and the 30days for the Defendants to respond to suit was abridged to two days, thus the matter is coming up on the 24‘” day of June 2020 while the primary election is holding on the 25″ day of June 2020 leaving only one day for parties to take further legal steps. The orders were made by a Judge of the Federal Hugh Court who should be cognizant of its implications.”
According to the PDP, the interim orders granted have the effect of disposing of this suit as the entire suit would be overtaken by events and become academic after the 25’“ day of June 2020.
“The Defendants believe that the above actions, especially the sweeping ex parte orders, are not mere errors of judgment, but coldly premeditated moves aimed at denying the Defendants fair hearing and pandering to the interest of politicians with all the devastating consequences for the polity.”
A suit instituted by one of the governorship aspirants of the PDP, Omoregie Ogbeide-Ihama, had asked the court to bar Obaseki from participating in the forthcoming PDP primary election of the PDP for Edo State.
A major reason given by Ogbeide-Ihama was that Obaseki recently joined the party and only those who purchased the forms during the stipulated window should be allowed to participate in the primary election.
Ogbeide-Ihama also prayed that the primaries be put on hold pending when the court would hear the motion on notice.
The judge, E. A Obile, however, did not grant that prayer. The judge asked that the motion seeking to bar Obaseki be served on the defendants including Obaseki via newspaper publication.
The Rise and Fall of the New Nigerian Newspapers, a 271 page book, written by Gausu Ahmad, Associate Professor of Mass Communications, Bayero University, Kano (BUK, is a welcome addition to the growing list of literature on that great institution, established by the Premier of the defunct Northern Region, late Sir Ahmadu Bello, the Sardauna of Sokoto. Gausu Ahmad, who cut his journalism teeth at the New Nigerian Newspapers, is eminently qualified to shed more lights on that great newspaper that has been in abeyance. He has the advantage of an insider who also brings his scholarly and journalism training to bear on his subject. The book which is divided into six parts has sixteen chapters.
As expected Gausu Ahmad explores the theoretical insights in mass media studies including media political economy theory as well as the contemporary global trends in the newspaper industry. He also addresses the political development of Nigeria, socio-cultural development and military incursion in politics. While looking at the global trend, he indicates that threat to newspapers started long ago with the advent of radio followed by television. Now the social media has further eroded the influence and power of newspapers. Gausu Ahmad also traces the development of the press in Nigeria starting with the colonial times and moving forward to the era of anti-colonial agitation up to independence and the era of military incursion into politics, as well as the civilian era.
The author reviews press freedom within the milieu of colonial, post- independence, military and civilian rule. On the other hand, he harps on the role of the media and government relations, emphasizing that they help disseminate policy, promote initiatives, release information to public and test reactions to new laws. He also examines press freedom as it affects newspapers during the period earlier stated. Generally the 50’s were period of anti-colonial agitation and the press played their nationalistic role to the hilt. On attainment of independence, the press tended to be voices of regional governments while at the same time remaining nationalistic in their approach to issues.
Before the advent of the New Nigerian, the war of propaganda among the regional governments and the federal government as well as between the regional governments was intensive. The Northern Peoples Congress (NPC) controlled the Federal Government and was at the receiving end of a hostile southern press. In this war the north was the underdog. The Daily Times, Tribune, the West African Pilot and the Daily Express were concentrated in the West. The East had the Nigerian Outlook. As is common knowledge, the Nigerian Citizen was the forerunner of the New Nigerian. The Nigerian Citizen had earlier been set up by the Northern Regional government in Zaria, where it was published twice weekly.
To stem the tide of negative reporting about the north emanating from the Southern press, the Premier of the defunct Northern Region, Sir Ahmadu Bello decided to establish a newspaper that would report the north objectively and without bias. In short, he wanted a medium that would tell the peculiar story of the north shorn of all prejudices that were prevalent in the southern press. At inception, Sir Ahmadu Bello had enjoined the newspaper “to tell the truth about the north to the world and in return tell us the truth about the world.” Sir Ahmadu Bello declared that the setting up of the newspaper was borne out of necessity because nowadays “if you do not blow your trumpet, nobody will blow it for you for the simple reason that they are too busy blowing theirs.”
It is pertinent to note that hardly had the founder of the newspaper, Sir Ahmadu Bello, turned the sod of the newspaper in 1966 than he was caught-up in the vortex of a bloody military coup which claimed his life. Yet the New Nigerian had the unique advantage of being at the centre-stage of the cataclysmic events which enabled it to capture the tragic and dramatic events in greater detail. Its accurate and objective reporting and commentary on the coup gave it an edge over other newspapers, and helped to cement its reputation and integrity. Moreover, the author notes that the masterful coverage of the civil war by the New Nigerian further established the newspaper’s reputation and catapulted it to national prominence.
Still, even though it was billed to be the mouthpiece of the north, yet its founding fathers had emphasised that the newspaper must avoid generating sectionalism, be it at state, religious or ethnic level, but should instead promote a harmonious relationship between all the diverse people of Nigeria. It is to the credit of the managers and editors of the newspaper that they were not only faithful to the dream and vision of Sir Ahmadu Bello but that they went on to build a reputable newspaper anchored on truth, objectivity and accuracy. Because of this, the newspaper was respected by both friend and foe. Due to its reputation, the newspaper commanded the respect of both the public and the authorities who also came to depend on it for support on vital issues.
Indeed, the author treats the main topic exhaustively relying on narratives from principal actors in the New Nigerian Newspapers who provide insight into the nitty-gritty of the newspaper’s operations. Besides, its founding fathers had created a template for its success by diversifying its source of revenue, with the aim of weaning the newspaper from government dependence. They had also created a succession plan and human resource development programme in the company to ensure a smooth transition of management at all times. It’s worth emphasising that the newspaper was the first to print simultaneously in both the north and south.
Still, as the author notes, the breakup of the monolithic northern region into states marked the beginning of neglect by its owners, that is, the Northern State governments. By 1975 the Federal Government had taken over 100% ownership of the newspaper. By the time the military handed over power in 1979, the new democratic government simply starved the newspaper of funds. Subsequent military regimes that came onboard fared no better. Things further worsened with the introduction of the Structural Adjustment Programme (SAP) by the Babangida administration in 1987.
The author notes that with the introduction of SAP by the government and subsequent devaluation of the naira it became prohibitive to procure inputs for newspaper production, since everything was denominated in United States dollars. Lagging behind in new technology and modern production methods the newspaper became obsolescent. Thus it could no longer attract patronage from advertisers who by now had begun to demand for colour printing. In large measure, this contributed to a major loss of revenue from advertisers. Now the ownership structure of the newspaper greatly contributed to its abject situation. With government funding dried up the newspaper was left to its own devices. Its initial investment in property development and diversification of business failed to bring in the expected dividend. Again the careful succession plan laid out by the management was torpedoed by successive governments, preferring instead to pick and chose both the chief executive and editors.
Despite the countless challenges besetting the newspaper in the 90s and beyond, its editors were able to maintain a reasonable level of objectivity, accuracy and integrity. While some of the chief executives and editors were able to steer the newspaper in the path of accuracy and objectivity, others towards the end of its life totally deviated from the right cause, engaging in grovelling sycophancy and pandering to the powers that be. Regrettably, this further eroded whatever remained of its credibility and goodwill with the public. At a point in the life of the newspaper, it virtually made a somersault as its editorial integrity became questionable. It’s a sad commentary that from the Olympian heights of glory, the newspaper had compromised on truth and objectivity, and thereby diluted its reputation. Thus a newspaper which at the height of its glory sold over 100,000 copies daily could barely muster 1000 copies daily towards its twilight.
Furthermore, the author asserts that by the time the Federal Government decided to return ownership to the Northern states governments in 2006; the New Nigerian was far too gone for the 19 northern states to rescue the newspaper from the throes of imminent death. The north of 2000 was a far cry from the monolithic Northern Region of the 60s. There was a conflict of interest among its owners as some of them had already established their own newspapers. Because of the discordant voices from the north, the various state governments therefore felt they no longer owed any allegiance to the New Nigerian. So it was left to stew in its own juice. It is a grand irony that the New Nigerian which at inception was backed by the latest technology in modern printing shut down in 2013 after forty seven years of existence, relying on obsolete technology.
In summary, the author traces the fall of the New Nigerian to ownership structure with particular reference to the Federal Government which virtually starved the newspaper of funds. The demise of the New Nigerian was further hastened as a result of the crass negligence by the Northern State governments, its original owners. The Structural Adjustment Programme of the Babangida regime was like a dagger thrust through the heart of the New Nigerian. The government further compounded the situation by its decision to tamper with the succession plan laid out by the management of the company. Again failure to adhere strictly to professionalism further jeopardised the fortunes of the newspaper.
Yet it is curious that the author omits the rise of private newspapers in the north as the fortunes of New Nigerian began to dwindle. Although there’s no indication that the private newspapers would have overshadowed the New Nigerian if funding had been available to it. All these notwithstanding, the New Nigerian deserves a kiss of life. The author believes its owners should chart a new course for its revival.
Finally, the author has gone into great details to provide insight into the beginnings of New Nigerian, its early success story and the subsequent decline leading to its unfortunate closure. Even though well put together, still there’s need for adequate proofreading to remove errors and repetition in some cases. A well-researched book, the author provides anecdotes based on interviews with past chief executives and editors of the newspaper.
FIRS: The New Spirit Of Teamwork, By Olufunke Caleb
Proponents of liberal systems such as democracy agree to the importance of teamwork and collective responsibility. They believe that individuals in a group or organisation should work in collaboration and be allowed to be a part of the decision-making process after which every individual becomes responsible for the decision taken by the group or organisation: good or bad.
If you have witnessed any event of the Federal Inland Revenue Service where the Executive Chairman, Muhammad Nami, and his Management team were in attendance, you would have noticed a demonstration of emphasis on collective ownership of the decision-making process. Nobody, not even the Executive Chairman, takes the glory of the job well done. And Nami does not shift the blame to any of his team members should anything go wrong. That is leadership at its best.
After witnessing Nami’s leadership approach in an FIRS event recently, a Leadership Coach, Linus Okorie, noted that he was inspired by how the Chairman introduced and interacted with the FIRS Management team. It was a brief show, but it demonstrated the relationship between Nami and each member of the FIRS team. The Executive Chairman knows each member of his team to their third names. He had given each of them a fun name to reflect their behaviours during Management meetings. There is one he called the Class Prefect; another he called the Accurate Timekeeper. Nami presents the members of FIRS Board and Management as a team where everyone is important irrespective of the position one occupied. “This shows teamwork. This is great and commendable,” Okorie noted before commencing his presentation on effective leadership.
To build a team with team spirit might sound simple, but it involves intricate details. You need to get the right people together and influence them to give their best for the achievement of the overall objective of the group or organisation. This is where the current leadership of FIRS has scored high points and it is manifesting in their outputs in terms of revenue collection despite the COVID-19 challenges.
Nami has two things working for him: purpose and humility. It does not matter the type of organisation you have been appointed to or the level of responsibility you have been charged with, leaders of whatever category must learn to have purpose. It is this that will galvanise all cooperating factors for goal attainment.
Today, there is some level of public confidence with the FIRS unlike what was obtainable in the Service a few years ago. This is because someone who has his agenda clearly defined has taken over the leadership position. Nami took over in the organisation fully prepared and had his vision marshalled out at the outset.
Second, the FIRS Chairman is an unassuming tax professional. He believes that everyone has a part to play and he works to bring out the best in everyone. No matter the level of knowledge they have acquired, you hardly catch a good leader using his intelligence to flog his followers; instead, he uses his wealth of knowledge to build-up followers.
Reports coming out from the revenue authority have confirmed that Nami has been able to bring the staff together to work in one direction.
It is instructive to note that Nami was inaugurated with a Board. This means that no single person, not even the Executive Chairman, takes certain far-reaching decisions alone. The Board has to sit to take decisions on critical issues like project funding, staff recruitment and promotion.
Second, Nami has taken the initiative to re-build the FIRS structure consisting of six Groups headed by Coordinating Directors. The structure was not like this in the recent past. This is making decision-making process in the FIRS to be goal oriented. And it is also good to learn that the Management of the Service sits to take decision on how the organization is run. A good example is how the FIRS took some decisions during Coronavirus lockdown.
The FIRS as a tax agency interfaces with the taxpayers to get them to pay their taxes. With the impact of COVID-19 on businesses across Nigeria, it became certain that peoples’ livelihood had been affected; so the FIRS needed to provide some palliative measures to cushion the effect of the pandemic. There was the need also to continue engaging the taxpayers so that the tax revenue would not drop too drastically.
A statement by the FIRS noted: “During the lockdown, on 31 March 2020, the Management of FIRS in a virtual meeting, committed to provide palliatives to support the taxpayers pull-through the challenges of the COVID-19 pandemic even as the Service struggles to raise revenue for the country.”
The palliative measures include: Taxpayers can now take advantage of the FIRS simple, user friendly and robust e-filing process to submit their documents online instead of visiting the tax offices. Dedicated email addresses for each of the offices are available on the FIRS website: Late Returns Penalty (LRP) has been waived for taxpayers who pay early and file later. Supporting documents can also be emailed to the dedicated email addresses or submitted later to the tax offices by those who are not able to use the email facility; Remittance of VAT on or before 21st of every month has been extended to the last day of the month; Taxpayers facing challenges in sourcing for FOREX to offset their liabilities are hereby given the option of paying in Naira at the prevailing Investors and Exporters (I & E) FOREX window rate on the day of payment.
Others are: The period to file PIT returns for Foreign Affairs, Non- Residents, Military and Police has been extended to the 30th June 2020 and Field Audit, Investigations and Monitoring visits have been suspended till further notice.
The Service also launched a Business Continuity Plan (BCP) and took measures to ensure the safety and well-being of staff, taxpayers, stakeholders, and visitors.
It is pertinent to acknowledge that to get a workforce of about 10, 000 people drawn from various inclinations across the country to think and work together in one direction cannot be a tea-party. It takes the leader who is ready is to listen to his followers to lead effectively.
Another courageous action that the Nami-led FIRS took was the peaceful retirement of staff who had reached and passed their time for retirement. It was a courageous decision because previous administrations attempted to do it but they lacked the will to do so.
But on the realisation that his dream of building a FIRS system that would guarantee career progression would be hampered, those directors that had served up to eight years and above had to retire peacefully. Nami consulted the FIRS Management and Board and upon their approval, he effected the staff retirement. This action has been applauded by staff because it brought relief and hope to them that they are more likely to be promoted when they are due.
It is no surprise that within a short period in the office, Nami has been able to get the FIRS back on the trajectory of growth. Since his assumption of office late last year, the Nami-led FIRS has been able to take some far-reaching decisions and recorded a number of remarkable achievements starting with the hosting of the FIRS Management Retreat and also Group Retreat for the first time since the past seven years.
. Caleb, a Human Development Specialist, wrote in from Kubwa, Abuja.