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Fall In Oil Price: Economic Experts Advise Buhari To Revise 2020 Budget

A team put together by President Muhammadu Buhari to advise him on how to run the nation’s economy has advised him to revise the 2020 budget in the face of the recent fall in oil price across the globe.

Briefing the President today after extensive work, the Presidential Economic Advisory Council (PEAC), led by Professor Doyin Salami, said that the budget needed to be revised with priority spending on healthcare, reprioritization of expenditure  on

infrastructure to focus on projects nearing completion with pro-poor effects.
The revised budget,  the team said, should also aim at  curtailing recurrent expenditure, mobilizing the private sector to strengthen health sector infrastructure, and boosting government revenue.
The PEAC team stressed that the projections may seem dire, but the worst may be avoided with hard work and scrupulous implementation of policies.

Professor Salami, who briefed the President on behalf of the team,  painted sobering scenarios of what could happen to the Nigerian economy if the Covid-19 pandemic lasted for too long.

He said that the prolonged pandemic could lead to, among other things, slower growth, as the supply and demand sides of global economy would be affected, uncertainty, which would erode confidence, governments acting unilaterally instead of cooperatively, further drop in oil prices, and lockdowns gaining grounds around the world.

According to the team,  there would also be oil glut, trade imbalance, drop in foreign reserves and rise in unemployment.

It said that many countries around the world risk going into economic recession, even as it advocated hard work for Nigeria to keep its head above the waters.

This was even as President Buhari indicated that the fall in oil price did not surprise him.

He said that he had foreseen the economic problems that may come in the wake of the Covid-19 pandemic, and is ready to explore all alternatives to protect Nigerians.

President Buhari has said that with oil prices oscillating between 29 and 30 dollars in recent times, as opposed to the 57 dollars benchmark for year 2020 Budget, many variables, including production cost and political impact, determine oil prices, “and we will see how to survive fallen prices, as we already envisaged the problem.”

He emphasized that protecting the people from vagaries of international economic fortunes, and associated fallen prices of oil, is a priority of government, “and we will do our best to do so.”

The President stressed the importance of education and healthcare, saying that if people are adequately educated, “they won’t accept any form of mismanagement by leadership, nor would they allow themselves to be manipulated by those promoting ethnic and religious sentiments.”

He promised that inputs in agriculture, education and healthcare would continue as much as practicable.

At Last, China Discovers Favipiravir, Influenza Drug, As Corononaviru Cure

China has announced that Favipiravir, influenza drug which was approved for clinical use in Japan in 2014, can cure the currently raging coronavirus.
Information reaching us indicated that China has already completed the clinical research of Favipiravir, an antiviral drug that has shown good clinical efficacy against coronavirus disease (COVID-19).
According to the Chinese government official, in a statement today, March 17, Favipiravir, the influenza drug which was approved for clinical use in Japan in 2014, shows no obvious adverse reactions in the clinical trial.
The statement was issued to journalists by Zhang Xinmin, director of the China National Center for Biotechnology Development under the Ministry of Science and Technology.
It was made known that more than 80 patients have participated in the clinical trial in The Third People’s Hospital of Shenzhen, south China’s Guangdong Province, including 35 patients taking Favipiravir and 45 patients on a control group.
Results are believed to show that patients receiving Favipiravir treatment turned negative for the virus in a shorter time compared with patients in the control group.
A multi-centered randomized clinical study led by the Zhongnan Hospital of Wuhan University also suggested that the therapeutic effect of Favipiravir is much better than that of the control group.
Favipiravir has been recommended to medical treatment teams and should be included in the diagnosis and treatment plan for COVID-19 as soon as possible, Zhang said.
A Chinese pharmaceutical company has been approved by the National Medical Products Administration to mass-produce the drug and ensure stable supply, Zhang added.
Source: Xinhua

Nigeria: Science, Technology Sector Has Created 900,000 Jobs So Far – Minister

The Minister of Science and Technology, Dr Ogbonnaya Onu has said that in the last six months of the second term of President Muhammadu Buhari, the Science, Technology and Innovation (STI) sector has helped to create over 900,000 jobs.

He said that this was even as data from the National Bureau of Statistics (NBS) shows that Nigeria saved over N1 trillion in the importation of raw materials in both 2017 and 2018.

The minister made this known today, March 16, at the opening of the 2020 Science, Technology and Innovation Expo with the theme: ”Enhancing The Growth Of A Diversified Economy Through Science And Technology.”

The minister, who said that data for 2019 is yet to be released, said that patents from scientists and engineers, who passed through the National Office for Technology Acquisition and Promotion (NOTAP), an agency under the supervision of the Federal Ministry of Science and Technology, have continued to increase.

”In 2015, the first year of the Buhari administration, it was only six. In 2016; it was 16, 50 in 2017, 55 in 2018 and 57 in 2019.”

Ogbonnaya Onu said that the spread of the Covid-19 coronavirus crisis across the globe is a wake-up call to Nigeria to intensify efforts to manufacture goods locally and patronize made-in-Nigeria products.

“The Presidential Executive Order No. 5 and the National Strategy for Competitiveness in Raw Materials and Product Development in the country already passed by the Federal Executive Council will help in realizing this noble objective.”

The minister commended President Buhari for the many efforts he has made to promote STI, including making the sector the centre of all economic activities under the Economic Recovery and  Growth Plan (ERGP) 2017-2020.

Meanwhile, President Buhari has granted full scholarship up to the Doctor of Philosophy (PhD) degree level to three secondary students who emerged winners at the year 2020 Young Nigerian Scientists Presidential Award Competition.

The scholarship is in any science-related discipline of their choice at any university in the country.

The President commended the creativity and competitive spirit of the three young scientists who emerged tops in the competition tagged 774 Young Nigerian Scientists Presidential Award (774 YONSPA).

The students are Masters Akintade Abdullahi Akanbi of Osun State from Osogbo Government High School Osogbo, Osun State, who came first; while the second positions went to Uwakwe Nelson Kamsiyochukwu of Anambra State from British Spring College,  Awka and Aimofumhe Eshiobomhe Sigmus of FCT from the School of the Gifted, Gwagwalada, Abuja, respectively.

President Buhari noted that Nigeria’s greatest resource is its human capital, assuring that his administration would continue to support human resource development.

“This is richly embodied in our youth who make up tens of millions of incredibly talented persons, constantly pushing and striving towards greatness. The future of Nigeria belongs to our youth.

“This Administration will therefore continue to create the enabling environment for them to develop to the fullest, their potentials.

“We will harness their energy and their talents to make Nigeria achieve true greatness.”

The President reiterated the commitment of the Federal Government to partner with the private sector on science, technology and innovation sector development towards ensuring that the sector plays the very important role in advancing the frontiers of knowledge for nation building.

“Government will continually support the creation of intervention funds to strengthen research and development, human capacity building programmes and collaboration with the organized private sector.

“We will continue to work towards the realisation of the National Research and Innovation Fund. I am aware, this Fund will help promote research activities in our country.”

The President directed the minister of science and technology to create the needed opportunities to ensure that Nigerian scientists work towards providing solutions to the nation’s challenges of insecurity, unemployment, poverty, healthcare delivery and power, among others.

The President said that if Nigerian potentials in the Science and Technology Sector are properly harnessed, with the enabling environment created, 100 million Nigerians will be taken out of poverty in the next ten years.

“This remains my aim for Nigerians,” he stressed, noting that Nigerians at home and abroad have always demonstrated remarkable ingenuity and inventiveness and with the right environment, and policy framework, there is no limit to how far Nigerian innovation can go.

“A prime example of an outstanding Nigerian is Mal. Jelani Aliyu, who is now Director-General of the National Automatic Design and Development Council.

“Malam Jelani designed the General Motors of America’s leading auto brand the Chevrolet Volt. Now he is assuring Nigerians that all the cars that took part in Argungu Motor Rally were assembled in Nigeria.”

JAMB Releases UTME Results Of 312,000 Candidates

Joint Admissions and Matriculation Board (JAMB) has released results of the 312,000 candidates that sat for Saturday, March14, 2020 Unified Tertiary Matriculation Examination (UTME) nationwide.Head of Media and Information of the Board, Dr. Fabian Benjamin, who disclosed this in an interview today, March 16, in Lagos, advised all concerned candidates to check their profiles for the results.According to him, the board is optimistic that the entire exercise will be hitch-free, as it has worked assiduously to ensure that this year’s examination process will be one of the best ever conducted in recent times.“I want to say that the Board is happy with the conduct of the examination on its first day, Saturday, March 14.“This is not to say that we did not register one or two technical hitches.“There is no way anyone can embark on such massive exercise without a few hitches.“However, the good thing is that, as soon as our attention is drawn to such hitches, we tackle them immediately.“So, the Board is fully on ground to take on these hitches as they come, but in all, I must tell you, that we are happy with the conduct of the examination so far,’’ he said.Benjamin assured that the Board would continue to ensure quality service delivery in a bid to give every deserving candidate an opportunity to excel.In continuation of the exercise, a total of 469, 670 candidates on Monday sat for the examination in various centres across the country.
The JAMB Head of Media and Information said by Tuesday, March 17, such candidates’ results would also be ready. Source: NAN.

APC Govs Get Buhari’s Support For NEC Postponement

Governors on the platform of the ruling All Progressives Congress (APC) have secured the support of President Muhammadu Buhari for the postponement of the party’s National Executive Council (NEC) meeting originally scheduled for tomorrow, March 17.

Speaking to news men shortly after a meeting with the President today, March 16, chairman of the Progressive Governors’ Forum, Atiku Bagudu, said that the President was happy to support the postponement.
Bagudu, who is the governor of Kebbi State said that the governors had earlier resolved to,among others, postpone the NEC meeting indefinitely.

“The Progressive governors have resolved to work together and find solutions to all the contending issues in the interest of the party.
“And also we seek Mr. President support to postpone the National Executive Council (NEC) meeting that is schedule for tomorrow until such a time that the governor’s are ready to report back. And he is so happy that we all agreed to that.”

UniAbuja Vice Chancellor Warns Against Breaking Rules As 4,641 Students Are Matriculated 

Prof. Abdulrasheed Naallah

No fewer than 4,641 students matriculated over the weekend  at the University of Abuja for the 2019/2020 Academic Session.

A statement today, March 15, by the spokesman of the institution, Habib Yakoob quoted the Vice Chancellor, Professor Abdul-Rasheed Na’Allah as advising the   students to be law-abiding and disciplined in line with their matriculating oath.
“Your admission into this prestigious University out of several thousands of candidates who selected the institution as their most preferred option is both a privilege and a game changing opportunity in your life that you should not toy with.”
The Vice Chancellor also advised the students to repose the confidence that their parents and guardians have on them, even as he assured them that the University administration is determined to provide an enabling environment for them to excel in their academic endeavours.
Professor Na’Allah said that the University of Abuja would continue to   admit qualified students, recruit competent staff and ensure that they not only add value to the system but make the University proud.
He reiterated that the University administration had zero tolerance for misconduct by both students and staff, vowing to deal with anyone who violates the rules and regulations of the institution.
The Vice Chancellor recalled that the University recently took disciplinary actions and measures on some staff, “who were found to have committed  some obnoxious acts, such as sexual harassment, tampering with students examination results and falsification of academic records, among others.”
He said that at the moment, lecturers are being encouraged to deliver lectures, invigilate examinations and mark examination scripts, process and submit results as and when due, adding that  there is the increasing digitalization of all the processes in the University, including payments of fees by students, interface with the  management  and accessing of the results and other information from the system.
He said all these measures were taken to sanitise the overall academic activities and ensure the timely release of credible results by the University.
Professor Na’Allah said the University had, this academic session, introduced the study of foreign language  such as Arabic, Japanese, French, Spanish and Portuguese, one of which must be offered by   students   before graduation.

Tinubu Angry With Those Agitating For Removal Of Oshiomhole, Wants Them To Help Buhari Govt Instead 

Asiwaju Bola Tinubu

National leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu has decried what he called “the present ploys and plots to undermine the APC National Chairman,” Adams Oshiomhole, against the backdrop of the 2023 general elections that are still far away.

In a long statement today, March 15, Tinubu said that those who are desperate about removing Oshiomhole should rather concentrate their energy in helping President Muhammadu Buhari to tackle several challenges his government is facing.
He admitted that Oshiomhole, being human, has his merits as well as his flaws.
“Yet his humanity cannot be grounds for his dismissal. If so, the position will forever go vacant.
“The Chairman has been a tireless campaigner and mobilizer for the party. He has steered the party through difficult elections. His contributions should not be undervalued now that the bulk of elections are behind us. To do so would be an act of ingratitude. It is no secret that the Chairman and Edo Governor Obaseki are in dispute. This is unfortunate.”
Part of Tinubu’s statement goes thus:
However, the party has moved through proper procedures within the proper organs of the party to hopefully resolve this spat. All party members know this. Such decisions are part and parcel of internal party governance. Yet, motivated by ambitions that have nothing to do with the quality of the Chairman’s performance, people shunned the agreed party reconciliation mechanism and resorted to other means to oust him. These self-help attempts are unwarranted. These attempts reveal more about the mala fides of their perpetrators than they do about the Chairman.
The plotters launched their attack solely because they perceive the chairman as an obstacle to their 2023 ambitions. People went to court knowing full well the party constitution prohibits such action because these people had not yet exhausted all internal disciplinary procedures.
We even had a national deputy secretary improperly call for a NEC meeting on the basis that he believed himself the acting national chairman. Clearly, this man would not have summoned the temerity to make such a move had he not been instigated by powerful individuals who he thought would reward or, at least, protect him for committing the wrongful act.
Those engaged in these manoeuvres see themselves as clever or cunning. They do so because they only understand the mean craft of political intrigue. They have yet to understand the value and long-term utility of democratic governance. Thus, they embark on the strangest of quest. They would rather dismantle and weaken the institutional core of their party just to gain control of that weakened edifice in order to pilfer the party nomination, which they crave. This is more than sad.
Many of us expended sweat, tears, toil and sleepless nights to build this party. Our personal sacrifices were not insignificant. We built this party not simply as a vehicle for personal ambition. We built the party because we saw it as perhaps the only enduring hope to bring progressive governance to this nation. Those who now seek to abuse the party by using it as their personal device do it great harm.  They should not be allowed to sacrifice this collective enterprise at the altar of their self-aggrandizement. Somehow, some way they should find in themselves the bearing to adhere to the democratic spirit on which the party was founded. To be an APC member means more than merely carrying a membership card. It means to believe in a set of ideals and principles geared to our highest purpose as a party and a nation.
In a broader context, those afflicted with the 2023 virus do a grave disservice to President Buhari and his administration. They should be trying their best to help the president. Instead of seeing President Buhari as our present leader and commander-in-chief, their sole contemplation is upon his eventual exit. Yet, not even a full year has passed since his second inaugural. How can they be committed to helping him realise his mandate when the fullness of their gaze is affixed to seizing this very mandate for themselves?
The President is faced with many challenges. He is fighting hard on security to keep the population safe. He is pushing for economic reforms that will augur future sustainable growth. His disdain for corruption remains unwavering.  Add to it now the Corona crisis and its resultant social as well as economic impact. Politicians express loyalty to him but the words of too many of our politicians are like butter under a burning sun; they melt quickly away. Better to be loyal in deed. Instead of trying to manipulate party and other mechanisms solely to their political gain, it is time to shelve political intrigue for the time being. It is time for all party members to truly see what is at stake and work with Mr. President for the collective good of the nation.
This means we must rally around President Buhari. Instead of everyone saying they are working for the party and nation but going their separate ways based on their selfish designs, we must help him build a stronger national consensus on policies that will ensure safety and bring greater prosperity. If need be and when called upon, we must offer ideas and suggestions that move policy and progress forward. This is the time for governance. It is not the moment to bring the politics of 2023 into 2020. In due course, 2023 shall come. Nothing can prevent it. However, that time is not today.  If we are earnest, the present offers sufficient work and challenges for us without trying to add to it by rushing the future. Let us dedicate our energies to helping President Buhari win the present. In this way, you better secure the future for the nation, the party and even for whatever personal ambitions you may nurture.
I have said what is on my mind in hopes that some people may leave the 2023 frenzy and commit themselves to the harder yet more rewarding task of improving progressive governance, whether within the party or at the local, state or federal levels.  Yet, I am not so naïve to think all will heed this counsel.  The stubborn, those obsessed with the obsession of their ambitions, will ignore all advice. They will constantly pull 2023 into all that occurs in 2020. Their vision is blurred and judgment made faulty by their ailment. We are democrats so we cannot physically quarantine them. However, we can quarantine their ideas and antics by not falling prey to them.  This is the best way we help President Buhari fulfil his mandate and inoculate our party and the nation from grave folly.
SIGNED
Asiwaju Bola Tinubu
March 15, 2020

Buhari Consoles Gov Yahaya Bello Over Death Of His 101 Year Old Mother

President Muhammadu Buhari has condoled with Governor Yahaya Bello of Kogi State over the passing of his 101 year old mother, Hajiya Hauwau Oziohu Bello.
In a statement today, March 15, the president prayed to God to comfort her family and loved ones, even as he advised the governor, family members and all associates of Hajiya Bello to find solace in the grace of long life given to the matriarch.
The President acknowledged the strength of character of the departed mother in bringing up her children, grandchildren and great-grand children in fear of God, while promoting strong moral values in her community.
President Buhari believed that the legacies of generosity, kindness and virtue that Hajiya Bello lived by, and consistently advocated will always be remembered.
He advised the family and all citizens of Kogi State to immortalize the matriarch by promoting her values, praying that God will grant her soul peaceful rest.
A statement earlier today, March 15, personally signed by Givernor Yahaya Adoza Bello on behalf of the family, said Hajia Hauwa died at the age of 101 years in Abuja and would be buried tomorrow, Monday16 March,2020.
The statement reads in part said: “With total submission to the will of Allah, on behalf of the family of Alhaji Bello Ipemida Ochi, We regret to announce the passing away of our matriarch , Hajia Hauwau Oziohu Bello who answered the call of Allah this evening after a brief illness.”
“We are relieved that her passing was peaceful and painless. Her funeral will be held on Monday, 16th of March, 2020 by 10am at Her resident in Nagazi, Okene Local Government Area of Kogi State in accordance with Islamic rites. “Until her death, she was 101years and survived by children, grandchildren and great grandchildren.

Anxiety As World Awaits President Trump’s Test For Coronavirus

U.S President, Donald Trump

Result of the test conducted today, March 14, on the United States President, Donald Trump, for coronavirus is expected to be out in a matter of days.

President Trump went for the test after his close contact with Brazilian officials who were later confirmed to have been infected by the virus some days ago.

The President of the powerful nation in the world, said today at a press conference at the White House, Washington DC: “I also took the test last night, and I decided I should based on the press conference yesterday. People were asking.

“They sent it to a lab and the results would take day or two to come out.

The U.S. Centers for Disease Control and Prevention (CDC) had said that people who come into “close contact with a confirmed or suspected case of COVID-19” or have experienced “potential exposure through attendance at events or spending time in specific settings where COVID-19 cases have been reported, “should be tested.

Presidential Source Narrates How Buhari Tried Since 2017 To Stop Sanusi’s Deposition As Emir

File photo of President Buhari and Governor Ganduja of Kano

Information reaching us at Greenbarge Reporters has indicated a number of efforts made by  President Muhammadu Buhari in particular and the presidency in general since 2017 to stop the deposition of Muhammadu Sanusi II as Emir of Kano.

A reliable source in the presidency, Abuja who spoke on condition of anonymity, told our reporter that when the Governor,  Abdullahi Umar Ganduje made up his mind to remove Emir Sunusi as far back as 2017, he (the Governor) informed President Buhari of this decision, seeking  for advice and guidance. “Outrightly, President Buhari said it was inappropriate and requested that the plan be shelved.
“This meeting was followed with a written letter to the Governor dated 17th November, 2017 in which the President’s advice was clearly stated.
“The President directed his Chief of Staff, Abba Kyari, to follow up for a peaceful resolution of the crisis of confidence between the two.
“This led to the setting up a Committee, made up of five state Governors, led by that of Ekiti State, Dr. Kayode Fayemi. They did their best. “Calm returned but occasional flare-ups continued and were aggravated by the tense situations under which the governor re-emerged for his second term in the 2019 general elections.
“In the course of that period, Governor Fayemi, his Jigawa State counterpart, Abubakar Badaru and to some extent, the Inspector General of Police made several expeditions to Kano, to prevail on the Governor to not remove the Emir in those tense moments in the interest of peace and security.

“The main grouse of the administration of Ganduje was that the Emir had failed to stay above the fray of partisan politics, especially as it related to the Governor’s re-election.

“In reaction to the various suggestions by senior citizens, including Generals Babagida, Wushishi and Abdulsalami Abubakar, among others, the Chief of Staff sought for permission and gave the green light for the commencement of work by the Abdulsalami Abubakar committee.
“The committee members sat with the President at the Villa to discuss their mission.
“At this meeting, the President outlined the efforts he put into the resolution of the conflict in Kano and said he had had enough.

“He gave assurances of support and put at their disposal, the use of the Presidential Air Craft, then wished them the best of luck. But he did make clear that if the situation warranted it, he would not hesitate to clamp an emergency rule on the state.

“Governor Ganduje gave conditions for peace, including the withdrawal of court cases by Emir Sanusi against the Kano State Government. “Sanusi allegedly accepted to withdraw some of the cases, but stood his ground on the others, including his refusal to withdraw a court case instituted by Bashir Tofa and his group who the State government alleged to be Sanusi’s proxy in the case.
“The Governor insisted that the newly-created emirates must be kept but acceded to the Emir that four of the five Kingmakers whose districts were excised from Kano be reinstated. The Emir agreed not to appeal the decision to uphold the Emirates by the courts.

“It was clear all this while that the inflexibility to meet some of the conditions for peace by both have added complications that made peace almost impossible. For example, the former Emir had wanted the Kano State Anti Corruption Commission to stop its case against him completely. He stood firmly that the case he instituted against the Code of Conduct Bureau will not be withdrawn because, in his view, he needed to pursue it to clear his name, a demand that Governor Ganduje rejected.”

The source said that the Abubabar Committee report didn’t give any “glimmer of hope” for ending the crisis, adding that “a mediator’s success depends largely on the cooperation of the parties involved.”

Despite these frustrations, the  source explained, the President didn’t give up on the efforts for peace.

The presidency official said that when the Chief of Staff led a delegation to condole the former Emir over the death of Ambassador Sunusi, the late Dan Iyan Kano, and the former Emir’s uncle, he (Abba Kyari) met separately with Governor Ganduje and Sanusi in a renewed effort to reconcile the two actors in the conflict.

The source noted that, having gone to this extent for peace, it is uncharitable and baseless to accuse President Buhari of ordering Ganduje to depose Sanusi.

According to the source: “President Buhari holds Sanusi in the highest esteem and has nothing personal against him and, therefore, he couldn’t have told Ganduje to depose him.”

The source said that the allegations that “Abuja,” referring indirectly to President Buhari, is complicit in the Emir’s alleged forceful removal from the palace and exile to Nasarawa are equally “nonsensical.
“Chieftaincy law in Northern Nigeria going back to 1919 makes for the deposition and confinement of Emirs and Chiefs. Sarki Alu of Kano was removed by the colonial administration using this law and was walked to Lokoja on foot start a life of exile. State governments have used that law to full effect dealing with Sultan Dasuki in Sokoto, removed and kept in Zing, Taraba state and Emir Jokolo of Gwandu, Kebbi State who has been kept away from the state now for over two decades. Kano State did not need President Buhari’s authorization for anyone to remove and exile Emirs and Chiefs.”

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