Good morning Nigeria. Welcome to the Naturenex roundup of top newspaper headlines in Nigeria for today, Friday, 18th October, 2024
1. Nigerians Not Benefiting From Your Reforms – Bauchi Gov Tells Tinubu
The Governor of Bauchi State, Bala Mohammed, has criticized the policies of the incumbent government led by President Bola Tinubu, stating that Nigerians are not benefitting from these reforms.
The Chairman of the Peoples Democratic Party (PDP) Governor’s Forum urged the Tinubu government to reassess its existing monetary and fiscal policies, asserting that they are not functioning effectively.
Speaking during the launch of the Nigeria Development Update in Abuja on Thursday, Mohammed said there is hunger in the country, reiterating that the people are suffering.
The PDP chieftain emphasized the necessity for the government to adopt a more flexible approach, highlighting the pressing need for reform in light of the increasing hardships faced by citizens.
He pointed out the struggles of ordinary Nigerians, cautioning that the prevailing hunger and economic difficulties have led to a precarious situation. He noted that even individuals in his position are at risk of being attacked by discontented citizens.
Furthermore, Mohammed called for the federal government to formulate more effective economic strategies, underscoring that the current financial support is inadequate to combat the widespread hunger.
2. Petrol, FX Subsidies Have Been Extinguished, They Are Not Coming Back – FG Declares
The federal government of Nigeria has declared a total end to the regime of fuel and foreign exchange subsidies in the country.
According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who made the declaration during the presentation of the Nigeria Development Update by the World Bank in Abuja on Thursday, October 17, both subsidies have been extinguished.
Edun revealed that the subsidy removal was necessary because it was costing the country too much and had become unsustainable.
According to him, these subsidies had drained the country’s economy, costing over N10 trillion, which amounts to five percent of Nigeria’s Gross Domestic Product (GDP).
He commended the administration of President Bola Tinubu for ending the subsidy regime, which had lingered for over 40 years.
The Minister acknowledged the difficulties and pain that come with such bold reforms the Tinubu administration is embarking upon, but emphasized the benefits that would accrue to the country over the long run.
3. JAMB Takes Decision On Age Limit For 2024/2025 Admission
The Joint Admissions and Matriculation Board (JAMB), on Thursday, announced its decision to relax the 18-year minimum admission age for the 2024/2025 academic session.
According to the examination body, institutions can admit candidates who meet the institution’s standards and will turn 16 by August 31, 2025.
JAMB Spokesman, Fabian Benjamin disclosed this in a statement released in Abuja on Thursday.
But in a statement titled ‘Admission of candidates with minimum admissible age of 16 years’.
He said the goal is to ensure equal opportunities by preventing disproportionate benefits for those admitted towards the end of the 2024/2025 admission period.
4. Hardship: Don’t Reverse Current Reforms – World Bank Tells FG
The World Bank has advised the Federal Government of Nigeria against reversing its ongoing economic reforms, cautioning that such actions could have severe negative implications for the country.
This warning comes in the wake of significant public discontent regarding the government’s economic policies, particularly the removal of fuel subsidies and the abolition of multiple foreign exchange systems, which were introduced on the first day of President Bola Tinubu’s administration.
At a press conference held in Abuja during the launch of the Nigeria Development Update (NDU) report, Dr. Ndiame Diop, the World Bank Country Director for Nigeria, acknowledged that while the reforms may cause immediate hardship for many citizens, they are essential for the nation’s long-term stability.
He stressed that reversing these reforms would be detrimental, stating, “Reversing these reforms would be detrimental and would spell doom for Nigeria.”
5. PDP Is In Crisis Because Supreme Court Allowed Ward Chairman To Suspend National Chairman – Jonathan
Former President of Nigeria, Goodluck Jonathan, has cautioned the judiciary against making pronouncements that can be detrimental to the nation’s democracy.
Jonathan, who spoke on Thursday in Abuja at the 67th birthday celebration of Prof. Mike Ozekhome (SAN), said he is disturbed by the judgements emanating from various courts on political matters in the country recently.
The former Nigerian leader specifically lamented the decision of the Supreme Court that a ward chairman of a political party could suspend the National Chairman of the party.
According to him, the apex court ruling is responsible for the current crisis in the Peoples Democratic Party (PDP) and had also caused problems for the All Progressives Congress (APC) previously.
Jonathan argued that such court pronouncements could be likened to turning a cone upside down, which increases its propensity to fall.
According to him, empowering Ward Chairmen of political parties to suspend their National Chairmen is against the natural course of justice as it is empowering a subordinate to remove his/her superior from office.
6. Nigeria Removed From Watchlist, Improves Aviation Rating
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that the country’s global aviation rating has improved to 75.5 percent, leading to its removal from the international aviation watchlist.
Naturenex reports that this was disclosed during the commissioning of the Juhi-2 aviation fuel depot at Murtala Mohammed International Airport (MMIA) in Lagos on Thursday.
Keyamo highlighted that with this upgraded status, airlines operating in Nigeria can now access dry lease aircraft, enhancing the aviation sector’s operations.
Last month, the country’s rating improved from 49 percent to 70.5 percent following the Federal Government’s signing of the Cape Town Convention Practice Direction, significantly boosting Nigeria’s standing in the global aviation sector.
The minister expressed optimism that more aircraft would soon operate in Nigeria, potentially requiring an expansion of Juhi-2’s fuel capacity to accommodate the anticipated increase in air traffic.
7. After Impeachment Reports, Senate Takes Action On Akpabio, Others
The Nigerian Senate has passed a vote of confidence on President of the Senate, Godswill Akpabio and the entire leadership of the Senate.
Naturenex reports that Senators passed the vote of confidence during plenary on Thursday.
The resolution came under a matter of privilege raised by Senator Yahaya Abdullahi representing Kebbi North.
He was speaking against the backdrop of social media reports over the alleged impeachment of the President of the Senate by Northern Senators.
Senator Abdullahi, who considered his privilege breached, described the allegations as an attempt to cause division and discord along ethnic or regional lines within the Senate.
The lawmaker noted that the upper chamber must rise against any connivance to negate the unity thus far enjoyed, bring the leadership down and the Senate to ridicule.
8. Labour Party Speaks On Sanctioning Peter Obi, Alex Otti, For Alleged Anti-party Activities
The Labour Party (LP) has insisted that the caretaker committee set up by its former presidential candidate, Peter Obi and Governor Alex Otti, is a product of illegality.
The National Publicity Secretary of the LP, Obiora Ifoh, stated this in an interview with Punch which was published on Thursday.
According to him, both Obi and Otti were misled by wrong information, adding that the establishment of the caretaker committee headed by Nenadi Usman is alien to the party’s constitution, the country’s constitution, as well as the electoral laws.
Ifoh, however, ruled out any plan to sanction Peter Obi and Governor Otti, adding that they are leaders of the party who were simply misled and would find their way back to the manifold of the Labour Party.
The LP spokesman categorically ruled out any form of sanction for Obi and Otti, describing them as leaders and stars of the party.
9. Ribadu Exposes Source Of Illicit Weapons In Nigeria
The National Security Adviser (NSA), Nuhu Ribadu, has disclosed that a sizeable number of illicit weapons in circulation originally belonged to the federal government.
He stated that the weapons got into the hands of non-state actors due to unscrupulous individuals in the security agencies.
Ribadu said this at the arms destruction exercise by the National Centre for the Control of Small Arms and Light Weapons (NCCSALW), at Muhammadu Buhari Cantonment, Abuja.
The NSA, who rained curses on security personnel who engage in giving weapons for terrorists, bandits and other non-state actors, assured that the government will do everything to secure the country.
10. There Is Much To Say And It’s Not Yet Time For It – Obasanjo
Former President of Nigeria, Chief Olusegun Obasanjo, has declared that there is much to say, but it is not yet time for it.
He made the declaration on Thursday in his capacity as the chairman of events at the 67th birthday celebration of Mike Ozekhome (SAN).
Naturenex reports Obasanjo, as he approached the podium for his speech, took ex-President Goodluck Jonathan along with him, announcing that he would be the co-chairman of the event.
Jonathan, on his part, disclosed that he wrote the forward of one of the 50 books that were presented at the event by Ozekhome, voicing that he knew that ex-President Obasanjo would not want to delve into the issues he pointed out about the judiciary and the recent judgements.
However, Obasanjo characteristically, before he left the podium, took back the microphone and said, “I know that former President Jonathan said that I would not want to say anything.
“But, I want to say that there is much to say and it is not yet time for it.”
That’s the top Nigerian newspaper headlines for today. Read more Nigerian news on Naturenex. See you again tomorrow.
