FEATURES
Shafi’u Umar Tureta, an aide to Aminu Tambuwal, a senator, has been remanded in a correctional facility for allegedly insulting Ahmad Aliyu, governor of Sokoto, on Facebook.
Tureta was charged before a magistrate in Sokoto on Monday.
According to Premium Times, Fatima Hassan, the magistrate, barred journalists from covering the proceedings.
The police’s first information report (FIR) shows that the government charged Tureta with circulating injurious falsehood and engraving matter known to be defamatory, which was said to have contravened the Penal Code.
The aide was said to have committed the offences in July.
Tureta was also accused of sharing a document that purportedly showed that Aliyu scored F9 in English Language in the senior school certificate examination (SSCE).
The aide was also said to have posted a video showing the spraying of dollar notes during the birthday celebration of Fatima, the governor’s wife.
Tureta was also accused of sharing videos to mock the governor for not “being fluent in English”.
Tureta is the special assistant on local and digital media to Tambuwal.
Tambuwal served as governor of Sokoto from 2015 to 2023. The former governor is currently a senator representing Sokoto south.
THE ARREST
Armed security operatives reportedly invaded Tureta’s residence on Sunday to effect the arrest.
In a statement on Monday, Amnesty International Nigeria called for the “unconditional release” of the aide, adding that the arrest is “unacceptable”.
The human rights organisation said the Sokoto government intends to remand Tureta on “bogus” charges.
“This surge in human rights violations by the Sokoto state government is unacceptable and must end now,” Amnesty said.
“Instead of targeting critical voices, the government of Sokoto state must prioritise addressing poverty, out-of-school children littering the streets of Sokoto and ending rampant insecurity that had left eastern part of the state at the mercy of gunmen, with hundreds killed in Isa and Sabon Birnin LGA and thousands displaced.”
The Peoples Democratic Party (PDP) in Sokoto also condemned Tureta’s arrest, adding that it is not a crime to post public videos of a governor.
“We, first of all, wish to draw the attention of the Governor to the fact that the visuals in question must have been recorded by camera men attached to his own office or his family and initially leaked to the public by the same personnel,” Hassan Sahabi Sanyinnawal, Sokoto PDP spokesperson, said.
“It is also not a crime under Nigerian law to make public, videos of the Governor’s public engagements or of events attended by his family, however embarrassing they may be.
“It is therefore, his task or that of his aides to ensure that such materials do not get to the public arena.
“The PDP wishes to caution the Sokoto State Government of its fast worsening human rights record, occasioned by its notoriety for harassment and assault on dissenting opinion.
“We hereby, counsel Ahmed Aliyu to turn his energy towards improving on the dismal performance of his regime, rather than the desperate struggle to stifle freedom of expression in the state.”
[TheCable]
The Federal Government of Nigeria has selected 23 fund managers to oversee the $10 billion Nigeria Global Investment Fund (NGIF).
According to a presentation document seen by Nairametrics, this ambitious fund aims to attract both international and local capital into critical sectors of the Nigerian economy, including agriculture, manufacturing, energy, infrastructure, and fintech.
The NGIF, established by the Federal Ministry of Industry, Trade, and Investment, is a pivotal component of Nigeria’s industrial revitalization strategy, which seeks to transform the nation’s economic landscape by reducing its overreliance on oil revenues.
The fund is structured as an umbrella entity, housing multiple sub-funds, each dedicated to specific sectors critical to Nigeria’s development.
55 applications received for fund managers
The selection of fund managers followed a rigorous evaluation process overseen by the Securities Exchange Commission (SEC).
Out of 55 applications, 23 fund managers were chosen based on criteria such as their experience in managing public-sector partnerships, financial stability, international investment expertise, and adherence to Environmental, Social, and Governance (ESG) principles.
The fund managers include prominent names such as AFC, Coronation Asset Management, Stanbic IBTC, AIICO Capital, FBNQuest Asset Management, and more.
These fund managers will each oversee specific sub-funds within the NGIF, which has been structured to house 14 distinct sub-funds and 49 individual funds.
The 14 sub-funds under the NGIF will focus on the following priority sectors: Automotive/Light Manufacturing, Agriculture, Pharmaceuticals/Healthcare, Oil & Gas, Energy, Fintech/Banking, Heavy Industries, Real Estate, Mines/Solid Minerals, Creative Economy/Tourism, Aviation, Infrastructure, Education, and IT.
Each sub-fund is tasked with raising an average of $500 million, contributing to the overarching goal of raising $10 billion in the first phase of the NGIF.
The selected fund managers are aligned with these priority sectors based on their expertise and experience. For instance, Greenwich Asset Management, Coronation Asset Management, and Meristem Wealth Management are aligned with sectors such as Real Estate, while FBNQuest Asset Management and InfraCorp are focused on Infrastructure. Each fund manager will not only raise funds but also ensure that investments are strategically deployed to maximize impact across these sectors.
Support from Afreximbank
- In addition to selecting fund managers, the government has also secured significant backing from Development Finance Institutions (DFIs) such as the African Export-Import Bank (Afreximbank), which has committed a $3 billion country risk guarantee to de-risk the fund.
- There is an additional $2 billion earmarked for direct investments into key industries. This funding will support projects through mechanisms such as project finance, equity investments, risk insurance, and advisory support, further strengthening the NGIF’s capacity to drive economic transformation.
- The NGIF is poised to play a crucial role in bridging Nigeria’s significant infrastructure gap, estimated to require $14.2 billion in annual investment over the next decade.
- By mobilizing private capital, the fund will target sectors identified as having the highest potential for economic transformation and job creation.
- This fundraiser is part of a broader agenda to create a $1 trillion economy within the next ten years, as outlined in Nigeria’s Renewed Hope Agenda.
What you should know
- In April 2024, Nairametrics reported that the Federal Ministry of Industry, Trade and Investment (FMITI) invited eligible firms to indicate interest in providing services as Nigeria Diaspora Fund managers.
- This was based on an announcement made by Minister of Industry, Trade and Investment, Doris Nkiruka Uzoka-Anite, on her X account. ,
- According to the minister, these fund managers will be responsible for the development and establishment of a multi-sectoral, multilateral, private sector-led investment fund to form the $10 billion Nigeria Diaspora Fund.
- It was also reported that the ministry extended the deadline for companies interested in managing the $10 billion Diaspora Fund to apply. The deadline was moved from May 6 to May 13, 2024.
[Nairametrics]
Emerging details have shed light on the sudden removal of Yusuf Bichi, the Director-General of the Department of State Services (DSS).
According to sources who spoke with Guardian, President Bola Tinubu’s decision is rooted in his administration’s ongoing efforts to intensify the fight against terrorism and kidnapping across Nigeria.
Insiders revealed that Bichi’s dismissal was influenced by his alleged interference with National Security Adviser (NSA) Nuhu Ribadu’s strategy to stamp out terrorists.
Ribadu reportedly felt that Bichi was undermining his coordinating efforts to execute the President’s directives aimed at ridding the nation of security threats.
The source said, “Ribadu feels Bichi has been sabotaging his coordinating efforts to carry out the marching order given by the President to rid the country of terrorists and kidnappers.”
In a series of high-profile security reshuffles on Tuesday, Tinubu approved the appointment of Mohammed Mohammed as the new Director-General of the National Intelligence Agency (NIA), alongside Adeola Ajayi, who will now lead the DSS as Bichi’s replacement.
President Tinubu in a statement released through his Special Adviser on Media and Publicity, Ajuri Ngelale, announced the appointment.
The new DSS Director-General, Adeola Ajayi, rose through the ranks to attain his current post of Assistant Director-General of the Service. He had, at various times, served as State Director in Bauchi, Enugu, Bayelsa, Rivers, and Kogi.
[NaijaNews]
Twenty one states of the federation are seeking loans amounting to N1.65 trillion to fund their 2024 budget deficits despite the increase in the allocations they have received from the Federation Account Allocation Committee (FAAC) in the last one year.
From June 2023 to June this year, all the 36 states and the 774 local governments received a total of N7.6 trillion from FAAC. This increase in revenue is largely due to the removal of petrol subsidy by the federal government on May 29, 2023.
Findings by Daily Trust show that the 36 states are projected to receive N5.54 trillion from FACC for this year as against the N3.3 trillion disbursed to them last year.
Under the current revenue-sharing formula, the federal government receives 52.68 percent; while states and local governments get 26.72 percent and 20.60 percent respectively. Such federation revenues, in addition to internally generated revenues of each tier, are expected to facilitate development across the three tiers of government, and also ensuring that the governments fulfill their financial obligations.
The FAAC allocations to local governments for June were paid directly to the state governments.
The Supreme Court had, on July 11, affirmed financial autonomy for the local governments. The apex court directed that the financial allocations meant for all the 774 local government areas in the country be paid to them directly. It said it is unconstitutional for state governments to keep and manage allocations on behalf of the local governments.
States’ borrowing patterns
Investigations by Daily Trust show that 21 states have expressed intentions to borrow a total sum of N1.650 trillion from both internal and external sources to fund their 2024 budget deficits.
Other states are yet to upload their borrowing plans.
According to details of the borrowing plans made public, the Adamawa State Government is to borrow N68.46 billion; Anambra N245 billion; Bauchi, N59.08 billion; Bayelsa, N64 billion; Benue, N34.69 billion; Borno, N41.71 billion; Ebonyi, N20.5 billion; Edo, N42.71 billion and Ekiti State, N27.15 billion.
Others are Jigawa, N1.78 billion; Kaduna, N150.1 billion, Kebbi, N36.7 billion; Katsina, N163.87 billion; Kogi, N37.08 billion; Kwara, N30.76 billion; Osun, N12.36 billion; Oyo, N133.4 billion; Nasarawa, N32.93 billion; Gombe, N73.75 billion; Enugu, N103 billion and Imo, N271.34 billion.
Breakdown of states’, LGAs allocations in 1yr
The monthly FAAC allocations to the 36 states and the 774 local governments from June last year to June this year stood at N7.6 trillion. This represents an increase of over 40 per cent.
In June 2023, states got N299.92 billion; local government councils (LGCs), N221.79. July: states, N310.670 billion, LGCs, N229. 409 billion. August: states, N319.52 billion; LGCs, N236.23 billion. September: states, N361.19 billion; LGCs, N266.54 billion. October: states, N287.07 billion; LGCs, N210.90 billion. November: states, N379.41 billion; LGCs, N278.04 billion. December: states, N396.693 billion and LGCs, N288.928 billion.
In January this year, state governments got N379.407 billion; LGCs, N278.041 billion. February: states, N366.95 billion; LGCs, N267.15 billion. March: states, N398.689 billion; LGCs, N288.688 billion. April: states, N403 billion; LGCs, N293 billion. May: states, N388.419 billion; LGCs, N282.476 billion. June: states, N461.979; LGCs, N337.019 billion.
Allocations from Value Added Tax also rose year-on-year by 228.8 percent to N2.42 trillion in the first five months of 2024, up from N736.06 billion in the first five months of 2023.
The 13 percent derivation fund received by oil producing states also rose by 234 percent to N519.83 billion in the first five months of 2024, up from N155.5 billion in the first five months of 2023.
20% of June allocation enough to build 320 PHCs
In June this year alone, the FAAC allocations to both states and local governments crossed the N1 trillion mark with N1.3 trillion.
If the standard of N500 million outlined by the World Health Oganisation (WHO) for establishment of an averagely equipped primary healthcare centre facility is anything to go by, 20 percent (N160 billion) of the June allocation is enough to put in place 320 of such health facilities nationwide.
There’s need for accountability – Experts
The Executive Director of the Centre for Fiscal Transparency and Public Integrity, Umar Yakubu, said there is a need for accountability regarding how the allocations to the states are being spent. In an interview with Daily Trust, Yakubu noted that the removal of the petrol subsidy has led to a significant increase in revenues, especially at the states and local governments.
He said: “The major issues is that governments think the more they make revenue, the more they solve problems because the accountability mechanism is so weak and the audit processes are not good enough to check excesses.
“So, what you have is more Naira into the system and the few who have access to them will convert them to dollars, which is the major reason our foreign exchange market has not stabilised because of too much Naira chasing few dollars.
[DailyTrust]
“Therefore, we call for accountability which has to be in place to check corruption because as you can see, more money has come, but no state is recruiting, no state is increasing pensions or allowances of workers or event increasing capital expenditures because they are just siphoning money without accountability”, he said.
Also speaking to Daily Trust, a development expert, Victor Agi, said if the issue of accountability at the sub-national level is not tackled head-on, the challenges at the grassroots would continue.
Agi said state governments must be accountable with the increased revenues to drive growth at the grassroots.
“One of the issues is that people always blame bad governance on the federal government, forgetting that governors also get huge allocations to develop their various states.
“In the last one year, revenues have grown by almost 50 per cent, yet the governors can’t improve welfare of their workers and the people in general. For instance, the president signed the national minimum wage of N70,000 and some of the governors are kicking that they can’t pay despite increase in revenues. This indicates that something is wrong.
“What is more disturbing is that the same issue will now be encountered in the local governments now that their allocations will be paid directly. There is need for more awareness from civil society to ensure that development at the grassroots is implemented now that revenues have increased,” he said.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday reaffirmed the Federal Government’s commitment to local economic development and agricultural resilience.
The minister spoke during his visit to Kebbi State on the efforts by the Bola Tinubu administration to reinforce economic partnerships and tackle the challenges posed by natural disasters, including floods.
A statement by the ministry’s Director of Information and Public Relations, Mohammed Manga, said Edun’s visit was meant to address the significant impact of flooding on agricultural productivity.
The minister restated President Tinubu’s unwavering dedication to fortifying local economies and addressing the pressing issues caused by natural disasters.
He emphasised the proactive measures the Federal Government had taken, especially those facilitated through the National Economic Council (NEC) and supported by Kebbi State Governor Nasir Idris.
The measures, Edun said, included the allocation of N3 billion each to the 36 states of the federation and the Federal Capital Territory (FCT).
Edun, who was accompanied by Governor Idris and the Minister of Budget and Economic Planning, Senator Atiku Bagudu, toured the WACOT Rice Limited’s facility in Argungu.
The state-of-the-art rice processing plant boasts an annual milling capacity of 120,000 metric tonnes and plays a critical role in supporting thousands of local farmers through its extensive procurement network and 8,000-strong out-grower farming programmes.
The facility is pivotal to bolstering local rice production and driving economic growth in the region.
The finance minister and his entourage also visited a rice farm facing the adverse effects of flooding, which poses a threat to agricultural productivity in Kebbi State.
Edun lauded the resilience of the local community and underscored President Tinubu’s dedication to improving security and boosting the productive capacity across the Northwest.
[TheNation]
The Presidency yesterday tackled former National Vice Chairman, Northwest, of ruling All Progressives Congress, APC, Salihu Lukman, over what he (Lukman) decsribed as growing deterioration of governance in the country, saying each successive administration had become progressively worse than its predecessor.
But the Presidency in a swift reaction, said it would not be distracted by comments by some persons on President Bola Tinubu’s administration, saying it was focused on governance.
However, Lukman said while President Muhammadu Buhari’s administration was worse than that of President Goodluck Jonathan, it was saddening that President Bola Tinubu administration was on track to becoming worse than that of Buhari.
He lamented that in spite of this, there was no structured engagements regarding 2027 among leading opposition leaders such as former Vice President Atiku Abubakar of Peoples Democratic Party, PDP; Mr Peter Obi of Labour Party, LP; and Engr. Rabiu Musa Kwankwaso of the New Nigeria Peoples Party, NNPP.
“It is not enough to complain that President Bola Tinubu is bad without corresponding initiative to ensure that 2027 results in the defeat of APC at all levels. If APC is defeated in 2027, what is the guarantee that the new government to emerge post-Tinubu will not be worse?
“As Nigerians, we are witnesses to how governments at all levels progressively become worse. With all the confidence many of us had in former President Muhammadu Buhari, arguably his performance failed to meet public expectations, perhaps worse than former President Goodluck Jonathan.
”Certainly, President Tinubu is on track to becoming worse than former President Buhari,” Lukman stated.
He said it had become necessary to draw the attention of opposition political leaders in the country that their current carefree or unserious disposition could produce the disastrous outcome whereby Nigerians might be unable to change the government of President Tinubu in 2027.
Lukman said though it was a shared concern among these leaders that the situation in the country has deteriorated and was still further deteriorating, there was hardly any definitive engagement with the clear objective of mobilising Nigerians to effect a change in 2027.
He stated: “Acknowledging that there are isolated ongoing discussions about what needs to be done in 2027, it is very worrisome that those discussions are yet to graduate to structured political engagements on the platforms of any of the existing opposition political parties.
“Unfortunately, if anything, it is almost a case that all the existing registered political parties are decidedly in support of President Tinubu and to that extent, therefore, working covertly for his second term victory in 2027.
”So far, arguably, none of the parties, which ordinarily should be leading the opposition to President Tinubu’s government is making any effort to recruit and unite opposition political leaders in the country.
”Instead, all the leading opposition political parties are embroiled in some embarrassing internal crisis, which has pitched leaders of the parties against each other.
“It is quite appalling, for instance, that PDP leaders are antagonistic to Alhaji Atiku Abubakar, Mr. Peter Obi is in the midst of a helpless survival leadership battle in LP and Sen. Rabiu Musa Kwankwaso is oversighting a directionless NNPP whose roof is being torn apart by no other than its own so-called leaders.”
”All the other parties, including SDP and PRP, have adopted a monarchical behaviour, sitting in their comfort zones waiting for disgruntled and aggrieved opposition political leaders to come to them for some ‘royal’ covers.
”Perhaps, it could also be a case of waiting to harvest good political businesses through dealmaking in 2027, which is the standard political practice in Nigeria since the commencement of the current Fourth Republic.
“All these have contributed to embolden President Bola Tinubu and his APC. Insensitive and reckless decisions, which further worsen citizens’ conditions of living are being taken on a daily basis.
”On a scale never imagined in the country, Nigerians across all divides are living in agony on account of harsh living realities created by avoidable circumstances due to reckless policy decisions of the government.
”With hardly any sense of humility or remorse, President Tinubu and people in government audaciously continue to ask Nigerians to be patient while the government continues to indulge in some illogical, luxurious public expenditure without recourse to due processes.
”Yet, all that opposition leaders could do is to issue individual press statements. This is quite unacceptable.”
Responding, the Presidency yesterday said it would not be distracted by Lukman’s comments.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a short message to Vanguard through a text message, said: “We are focused on governance. The results of our reforms will speak eloquently for us. We have no time for people whose pastime is denigrating the administration.”
[Vanguard]
Akeem Bello, the director of public health in Osun, says only two cases of mpox have been recorded in the state since January.
Speaking with NAN on Monday in Osogbo, the state capital, Bello said surveillance activities have been intensified.
“We have had only two cases this year, one in March and the latest in the last week of August,” he said.
“The new case was in Ilesa, and we promptly conducted contact tracing to determine if others had contracted the disease.”
He said the August patient was stable adding that the state government had activated an emergency operations centre (EOC) for mpox.
He said health workers are undergoing training and retraining to improve their ability to identify and manage the spread of mpox.
Bello added that weekly meetings would be held to review events, noting that residents are advised to prioritise personal hygiene.
“Although the m-pox vaccine is not readily available in Nigeria, the government has assured residents that they will receive it when it becomes available,” he said.
Bello reassured members of the public that the situation is under control.
In a separate statement, Jola Akintola, Osun commissioner for health, said a meeting of the mpox emergency operations centre (EOC) was held at the ministry of health in the state capital.
Akintola emphasised that mpox is a preventable disease and commended Ademola Adeleke, the state governor, for his proactive leadership and dedication to public health.
[TheCable]
The Naira yesterday depreciated to N1,610 per dollar in the parallel market from N1,600 per dollar last week Friday.
Similarly, the Naira yesterday depreciated to N1,596.6 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1596.6 per dollar from N1,570.14 per dollar last week Friday, indicating N26.46 depreciation for the naira. The volume of dollars traded (turnover) in NAFEM fell by 17.3 percent to $102.93 million from $120.81 million traded last weekend.
Consequently, the margin between the parallel market and NAFEM rate narrowed to N13.4 per dollar from N29.86 per dollar last weekend.
Hardship: If APC Is Defeated In 2027, What Guarantee That Next Administration Will Not Be Worse? – Lukman
AFOLABIA former National Vice Chairman, Northwest, of the ruling All Progressives Congress (APC), Salihu Lukman has lamented that the administration of President Bola Tinubu is on track to becoming worse than that of the erstwhile administration of Muhammadu Buhari.
He stated that the administration of Buhari was worse than that of former President Goodluck Jonathan, adding that each successive administration has become progressively worse than its predecessor.
Speaking via a statement on Monday, Lukman said that despite the noticeable trend, there is no structured engagements regarding 2027 among leading opposition.
He expressed worry that there was no guarantee that the administration that would take over from Tinubu would not be worse off.
He said, “It is not enough to complain thaut President Asiwaju Tinubu is bad without corresponding initiative to ensure that 2027 results in the defeat of APC at all levels. If APC is defeated in 2027, what is the guarantee that the new government to emerge post President Asiwaju Tinubu will not be worse?
“As Nigerians, we are witnesses of how governments at all levels progressively become worse. With all the confidence many of us had in former President Muhammadu Buhari, arguably his performance failed to meet public expectations, perhaps worse than former President Goodluck Jonathan. Certainly, President Asiwaju Tinubu is on track of becoming worse than former President Buhari.”
France held the Russian-born founder of Telegram Pavel Durov in custody for a second day of questioning on Monday over alleged offences related to the popular but controversial messaging app, which insisted he had “nothing to hide”.
His arrest after flying into the Le Bourget airport outside Paris late Saturday is the latest extraordinary twist in the career of one of the world’s most influential tech icons.
The detention of Durov, 39, was extended beyond Sunday night by the investigating magistrate who is handling the case, according to a source close to the investigation. This initial period of detention for questioning can last up to a maximum of 96 hours.
When this phase of detention ends, the judge can then decide to free Durov, whose fortune is estimated by Forbes magazine at $15.5 billion, or press charges and remand him in further custody.
Russia has accused France of “refusing to cooperate” while fellow tech mogul Elon Musk swept to Durov’s defence and called for his release. Durov holds a French passport in addition to other nationalities.
Durov had arrived in Paris from Baku, Azerbaijan, and was planning to have dinner in the French capital, a source close to the case said.
He was accompanied by a bodyguard and a personal assistant who always accompany him, added the source, asking not to be named.
France’s OFMIN, an office tasked with preventing violence against minors, had issued an arrest warrant for Durov in a preliminary investigation into alleged offences including fraud, drug trafficking, cyberbullying, organised crime and promotion of terrorism, another source said.
Durov is accused of failing to take action to curb the criminal use of his platform.
Telegram said in response that “Durov has nothing to hide and travels frequently in Europe.”
“Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards,” it added. “It is absurd to claim that a platform or its owner are responsible for abuse of that platform.”
– ‘Assault on basic human rights’ –
Durov founded Telegram in 2013 after his first project, the Russian social network VKontakte (VK), ran into ownership difficulties he blamed on the Kremlin. He left Russia in 2014.
Telegram has become hugely popular partly due to the ease of viewing and posting videos on its messaging “channels”.
But critics accuse it of hosting often illegal content ranging from extreme sexual imagery, disinformation and also services for buying drugs.
Russia’s embassy to Paris said it had demanded access to Durov but had had no response from France, saying “the French side is refusing to cooperate”.
Musk, who leads the Tesla car group and the X social media platform, formerly Twitter, posted the hashtag #FreePavel on X and commented in French, “Liberte Liberte! Liberte?” (Freedom Freedom! Freedom?).
US whistleblower Edward Snowden, who took asylum in Russia, blasted “an assault on the basic human rights of speech and association”, saying he was saddened Paris had “descended to the level of taking hostages as a means for gaining access to private communications.”
– ‘Express their freedoms’ –
One of the key questions is why Durov flew into France when he would have likely been aware he was wanted in the country. “Perhaps he had a feeling of impunity,” said a source close to the case, asking not to be named.
Telegram, an encrypted messaging app based in Dubai, has positioned itself as a “neutral” alternative to US-owned platforms, which have been criticised for their commercial exploitation of users’ personal data.
It also plays a key role in the war between Ukraine and Russia after Moscow’s invasion of its neighbour.
The app is used by Kyiv including President Volodymyr Zelensky in regular video statements to push Ukraine’s message across but also by the so-called Russian “Z-bloggers” who strongly back the war and report from the front.
In a rare interview given to right-wing talk show host Tucker Carlson in April, Durov predicted Telegram would have one billion users next year and insisted that despite his wealth his priority was to be “free”.
“My mission in life was to allow other people to also become free… and using the platforms that we created my hope was that they could express their freedoms. This is the mission of Telegram.”
[Vanguard]
More...
“How I fed 2,500 inmates in Kirikiri prison” - Bobrisky reveals his generosity towards inmates
AFOLABIControversial Nigerian crossdresser Idris Okuneye, popularly known as Bobrisky, has stirred up new discussions online with his claim of having fed 2,500 inmates during his time in prison.
In a recent post, Bobrisky shared details of his experiences and the unexpected acts of kindness he extended to fellow inmates
According to Bobrisky, he went to great lengths to support the 2,500 inmates at Kirikiri prison.
In a now-deleted Instagram post, Bobrisky revealed that he arranged a large donation consisting of five giant cows, ten bags of rice, and five baskets of tomatoes to provide meals for the prisoners.
Bobrisky also mentioned that he distributed money to the inmates. He expressed his heartbreak over the poor conditions in Kirikiri prison and shared images of the cows he had purchased during his imprisonment.
This revelation has come amid recent criticism from VDM, who condemned celebrities like Don Jazzy and Funke Akindele for their financial support towards Bobrisky, calling their contributions “disgusting.”
The Naira depreciated by N72.58 against the dollar as Foreign Exchange turnover transactions hit $7.39 billion at the close of the official trading window in July 2024 compared to June.
This is according to the FMDQ financial market report in the period under review.
In Naira terms, the country’s FX turnover stood at N11.48 trillion in July, which is higher than N10.01tn that was traded in the previous month.
In dollar terms, FX market turnover in July recorded a 10.02 percent ($0.67bn) month-on-month increase from $6.72bn in the prior month.
Similarly, the naira depreciated against the dollar, with the spot exchange rate increasing by 4.88 percent to close at an average of 1,560.32 per dollar in July from 1,487.74 per dollar in June.
The implication is that the exchange rate volatility also increased in July as the local currency traded around N1,500.32 – 1,621.12 per dollar compared to N1,473.66 – N1,510.10 per dollar recorded in June 2024.
This comes as the value of the Naira to the dollar appreciated by 62 basis points to N1570.14 per dollar to close last week at the official market.
Meanwhile, the turnover stood at $120.81 million with an intra-day high and low of N1606 per dollar and N1496 per dollar, respectively.
The Central Bank of Nigeria’s Business Expectations Survey report released last week shows Naira depreciation against the dollar in the next three months, but expects appreciation in six months.
As Nigeria’s pharmaceutical industry eagerly awaits the implementation of the Presidential Executive Order aimed at reducing the cost of essential medicines, and generally revamping the health sector, delays in the implementation process have pushed back the timeline for its takeoff.
In June, President Bola Tinubu signed an Executive Order to strengthen Nigeria’s health system by exempting pharmaceutical machinery, equipment, goods, and accessories from tariffs and excise duties, reducing production costs and making healthcare products more affordable.
But two months after the pronouncement, checks by Vanguard revealed that the cost of items in the key categories of health equipment covered by the Executive Order remained prohibitively high.
Among these are pharmaceutical medications, medical devices such as diagnostic imaging machines, laboratory equipment, surgical instruments, ECG machines, ventilators, syringes, needles, gloves, medical dressings and diagnostic kits for malaria, HIV, etc.
Vanguard gathered that while the government set a 30-day deadline for development of a harmonisation implementation framework with the ministries of Finance and Industry, Trade, and Investment, the exact timeline for take-off of the Executive Order remains uncertain.
On when Nigerians can expect to start seeing the benefits of the Executive Order, Minister of State for Health and Social Welfare, Dr Tunji Alausa, said the government is working diligently to expedite action on the framework that will guide relevant agencies in operationalising and implementing the Executive Order.
What govt is doing, by Alausa
Alausa said: “We are developing a harmonisation implementation framework with the Ministers of Finance and Industry, Trade and Investment.
“Government agencies involved include the National Agency for Food and Drug Administration and Control, NAFDAC, the Federal Inland Revenue Service, FIRS, the Standards Organisation of Nigeria, SON, and the Nigeria Customs Service, NCS.”
He said the government is moving quickly to develop the harmonisation implementation framework within 30 days, adding that once completed, the Executive Order will go into effect quickly.
“We have met with the Attorney-General of the Federation about the need to move quickly on this. We are working night and day to get this effected so that Customs will start implementing the process as well as the FIRS. We are setting up a technical working group on this implementation framework so that the Executive Order will take effect immediately.
Worried by the apparent lack of progress as the 30-day window has elapsed, players in the health industry have expressed concerns about the potential impact of the delays on the cost of medications and the livelihood of Nigerians even as there is uncertainty regarding the immediate effects of the executive order on drug prices and are urging the government to step up action on the policy.
Delay not worth it, people are dying — Oladigbolu
On his part, the Immediate past National Chairman of the Association of Community Pharmacists of Nigeria, ACPN, Pharm Wale Oladigbolu, said the delay in implementation of the Executive Order is not worth it because people are dying, even as prices of drugs have continued to spiral up.
“We haven’t seen the impact of the Executive Order, that’s at the down end where I practice. Prices of drugs at the retail stores are still very high and we see a lot of people not being able to afford the treatment that they need. Health insurance which should have helped the people is not working in the Nigerian context.
“A whole lot of people who are in the informal sector are not covered by health insurance, so the prices of medicine are high. Affordability is not there, and people’s incomes are strained. And when I say strained, I mean strained. They need to choose between food with high costs, fuel with high costs, and drugs with high costs. So they need to juggle those factors. So people only come to the pharmacy for purely essential things.
So things like high blood pressure that does not have a warning, a lot of hypertension patients are dropping their medicines, especially those who have poor health education, they have dropped. They see hypertension as not troubling, so you see a lot of non-adherence to medication because of the high cost of medication. High cost of food. And indeed, high cost of work.
“The delay is not worth it because people are dying. We have not seen an impact or drop in the cost of medicines in Nigeria, so the Executive Order has not had any impact. This speaks to what the Federal Government should be doing.
“Before you issue an order, you need to check the baseline, you need to do a survey, conduct the baseline. And when you issue an order, two months down the line, you need to conduct another survey to compare the former with the new, and that has not been done, but I can tell you wholeheartedly that we haven’t seen an iota of drop in drug prices in this country. “
Implementation details must be properly worked out — Ifeanyi
Responding to the development, the National President of the Association of Medical Laboratory Scientists of Nigeria, AMLSN, Dr. Casmir Ifeanyi, said while the concerns about the delay are not misplaced, the details of the implementation of the Executive Order should be properly worked out.
Ifeanyi, an Infectious Diseases/Public Health Expert, noted that for effectiveness, the government should put turn-around time when Nigerians can begin to see outcomes.
“The concerns being expressed in certain quarters about the delay is not misplaced. We are equally concerned that the details as per the framework for the implementation of this Executive Order are still very sketchy. They are not readily available, and this leads us to a very big worry about the fate that befell the healthcare fund.
‘’So we are only worried that we hope that this Executive Order will not go the failed route of the $100 billion health fund that was made available, or said to have been made available during the President Muhammadu Buhari era.
“That said, I would also want to think that Executive Order is one thing, fleshing it out and providing the details is another, and therefore, 60 days is not too much a time for us to become overtly concerned and worried.
According to Ifeanyi, the Ministries of Trade and Industry, Finance, Federal Ministry of Health and Social Welfare, the Ministry of National Planning, the Ministry of Finance, and the Ministry of Trade and Commerce or Industry, need to work out the details worked out multi-sectorally.
“So you find out that there’s going to be a multi-stakeholder engagement to work out details for the implementation of the executive order, it is no longer on the desk of the president to do. Therefore, we will need to appeal to Nigerians and to stakeholders, to be a little more patient. It is important that people are expectant and excited because the cost of drugs
Lamenting the high cost of diagnostics, medications, consumables and healthcare services rising daily and compromising services, he said they have gone well beyond the means of the average person.
“The scarcity or near-absence of all these Therefore, individuals are using their bare hands to barely manage and care for patients. When things like the Executive Order come, we expect that for effectiveness, the government should set timelines, and there should be an obvious turn-around time when we expect Nigerians can begin to see outcomes.
“I think 60 days or thereabout is too short a time because production of any kind would have a planning phase, incubation phase, and a trial-and-error phase in which we run trials to see if we have got it right or not before you go full-scale for commercialization and distribution. So we need to still be patient. That means perfect time.
“The delay is necessary, but it is not yet time for us to begin to lose breath and become very much overtly concerned because if you hurry into such endeavour, you will feel it is about production and production will take time. You need to set up production lines, you need to allow it to incubate. You need to now turn off your first product. Let me use something to make an example.
“Caution must not be thrown to the wind. Due process and attention need to be paid to details. I do not think the government has forgotten about it. It’s in the works,” he affirmed.
Govt must intervene in high tariffs — Akintayo
On his part, past president, Pharmaceutical Society of Nigeria, PSN, Mr. Olumide Akintayo, said the inherent birthing of the Executive Order must trigger off a new pharmaceutical industry couched and laden with possibilities and fruitfulness.
“The Federal Government through the Federal Ministry of Health and Social Services must progressively intervene in the matter of unfortunate tariffs and unfriendly policies churned out by some of the key regulators in the pharmaceutical sector if prices of drugs will crash in the interim.
“These tariffs are a major reason drugs availability, accessibility and affordability can no longer be guaranteed in alignment with the National Drug Policy. While congratulating President Tinubu on this feat,it is sacred to once again make a case for the appointment of an Adviser, Pharmaceuticals to the President who will coordinate the plethora of endeavours that are pharmacy-based and inclined in the Tinubu administration.
FG must be more proactive — Okotie
The Managing Director, Engraced Pharmacy Ltd., Mr. Jonah Okotie, posited that the Ministry of Health should create awareness and enlightenment about its policies and how to appropriate them.
“The Executive Order is one thing, the preparedness of everybody, every stakeholder in the industry is another thing, and then the other thing we want to talk about is the people who are concerned. Do they understand how to appropriate the Executive Order, because sometimes the problem we have is not what to do, is how to do it.
“So how much is the Ministry of Health doing to make sure the stakeholders understand how to appropriate it? Because if they really don’t understand how to appropriate these things, they can have the best of policies, which amounts to nothing for everybody.
“Government officials themselves, do they understand that this policy exists, is there awareness on the part of the agents of government to ensure that this policy comes to light? How will implementing this policy bring down the price of drugs? Is it at the importation level, production level or whatever? So it’s about developing a trade or generating a trade that is going to run through the industry to ensure to pull down the prices of drugs to the end user at the end of the day.
“As for the delay, don’t let me preempt anything because sometimes what we don’t know, we can’t speak much to. I presume that at the manufacturer’s level, at the importation level, at the Ministry of Health level, there are engagements that are going on to see how to implement the Executive Order so that the price of drugs is going to come down, because I don’t want to take it for granted that people work to get the Executive Order, only for them to just be watching it.
Okotie said one of the things that led to the Executive Order was the fact that prices of drugs were going up abysmally, and then drugs were going up on the shelves, and these things were going on without anybody addressing it before the government began to pay attention.
“It is the Executive Order, but life does not work in isolation. What about the cost of transportation? What about the cost of so many other things? What about the cost of energy? As much as you want to be talking about the Executive Order, other factors affect the prices that are not constant. So for the Executive Order itself to work, we have to go back, sit down and try to come up with a trade that helps us to ensure that it really achieves what it’s intended to.”
Reinstated Edo State Deputy Governor, Philip Shaibu, has issued a stern warning to Governor Godwin Obaseki, vowing to expose alleged wrongdoings if Obaseki’s surrogates continue to insult him.
Shaibu, who recently defected to the All Progressives Congress (APC), made this statement while addressing reporters after attending Sunday Mass at the Catholic Bishops’ Conference of Nigeria in Auchi, Etsako West Local Government Area.
Shaibu revealed that he had tolerated Obaseki’s actions for over 15 months, but the governor’s recent conduct had crossed the line.
He claimed that the governor had mistaken his silence for weakness and threatened to reveal several misdeeds committed by the governor.
The deputy governor emphasized the need for accountability in governance, urging religious leaders to refrain from bestowing unearned divine titles, such as “God’s Servant Governor,” on politicians.
Shaibu criticized Obaseki’s leadership, accusing him of actions that contradict the principles of servant leadership.
These alleged actions include fighting the church, revoking Certificates of Occupancy from poor citizens, demolishing homes of opposition politicians, and other acts Shaibu described as injustices.
Shaibu also called on the Christian Association of Nigeria (CAN) to avoid political influence and stand against the perpetuation of injustice.
He urged the Christian community to act as a beacon of hope for every citizen and ensure that their faith remains untainted by political affiliations.