Connect with us

news

Jonathan left N7trillion deficit for Nigeria – Buhari’s Transition Committee Chairman, Joda

Published

on

download (7)

Ahmed Joda, the Chairman of the transition committee put in place by President Muhammadu Buhari to interface with the former administration of President Goodluck Jonathan for a smooth handover of power on May 29, has stated that the former president left behind a N7 trillion liability. This figure contradicts claims by officials of the administration that the country’s debt profile stood at N1.3 trillion. Mr. Joda made the disclosure in an interview he granted the Daily Trust newspaper, published on Sunday. Mr. Buhari’s deputy, Yemi Osinbanjo, had said shortly before the handover of power that the new government would be inheriting a debt of $63 billion. However, the former Minister of Finance, Ngozi Okonjo-Iweala, promptly rose to the defence of Mr. Jonathan’s administration, saying of the $63 billion debt, the administration only incurred $21.8 billion. She also said the $63.7 billion cited by Mr. Osinbajo included multilateral and domestic loans by successive federal and state governments since 1960. Speaking on Sunday, however, Mr. Joda said, “We were told at the beginning of the exercise that the government was in deficit of at least N1.3 trillion and by the end people were talking about N7 trillion; everything is in a state of collapse. “The civil service is bloated and the military and police, if you are a Nigerian, you know what they have been facing for a long time; everywhere is in a mess and these things have to be fixed”. The former Federal Permanent Secretary said he had always wondered what would have been the fate of the country had Mr. Jonathan and his party, the Peoples Democratic Party, returned to power. He said, “I often wondered, since the beginning of this exercise, if the PDP and president Jonathan had won the election what would have been the fate of Nigeria. It would have been more difficult for them to face the challenge because they had been telling people that everything was good; the roads are good. “They were not talking about the absence of light in the house, but they were talking about the capacity to produce electricity is 12,000 megawatts out of which only 5,000 could be released. But even out of this 5,000 at the time they were doing the handing over notes only 1,300 megawatts were being generated, but they were talking about 35,000 kilometers of distribution lines and so on, but nobody told us the real problem – that there is no gas, or there is no capacity to transmit the electricity that could be generated; that even when it is delivered at the point of distribution the distribution system is so weak that it can’t take it.” Mr. Joda further said, “if they came back, they couldn’t wake up in the morning and say we can’t pay salaries, we couldn’t do this or even pay contractors and might even not be able to pay pensions and gratuities or finance any of our operations”. In defence of Mr. Jonathan, Ms. Okonjo-Iweala had stated that it was wrong to blame Mr. Jonathan’s administration for the huge debt stock which she said was accumulated over a long period of time by successive administrations. She said the debts incurred under the Jonathan government were made up of $18 billion domestic component and $3.7 billion external component. She added that between 2007 and 2011, a debt of $17.3 billion was recorded while between 2012 and 2015, the debt incurred stood at $18.1 billion. She had further explained that the leap in the debt profile between 2012 and 2015 was triggered by the 53 per cent wage increase implemented by the late Umaru Yar’Adua administration.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

news

French Embassy Partners NIFS to Sponsor Nigeria Delegation to MIPCOM

Published

on

French Embassy Partners NIFS to Sponsor Nigeria Delegation to MIPCOM

French Embassy Partners NIFS to Sponsor Nigeria Delegation to MIPCOM

 

 

 

 

Sahara Weekly Reports That The French Embassy as part of its commitment to support industry development, has partnered with the Nigerian International Film and TV Summit (NIFS) to sponsor a Nigerian delegation, comprising about 20 companies with dedicated stands, at the Nigerian Pavilion at Cannes.

 

 

French Embassy Partners NIFS to Sponsor Nigeria Delegation to MIPCOM

 

 

 

The Nigerian International Film and TV Summit (NIFS) is a leading platform dedicated to advancing the film and television industries in Nigeria, across Africa, and beyond. By providing opportunities for collaboration, knowledge exchange, and innovation, NIFS plays a pivotal role in driving the growth and global recognition of African content.

 

 

 

 

 

MIPCOM is renowned as the Mother of all Entertainment Content Markets Globally, with over 11,000 delegates, 3500 buyers, and over 100 countries represented with more than 320 stands.

 

 

 

 

 

Located at the heart of the Palais des Festivals’ exhibition floor, this market combines a high-end conference setup with sessions on Connected TV Summit, Streamers Talk, MIP Global FAST & AVOD Summit as well as a networking lounge including a bar area, alongside a dedicated “Tech Demo zone”.

 

 

Over the days, participants will engage in networking, knowledge sharing, and collaborative efforts aimed at pushing Nigerian content to the global forefront.

 

 

 

 

Industry professionals and Trightsalogue rights holders will come together to explore new opportunities and address the challenges facing the industry.

 

 

 

 

By accepting to join the Nigerian delegation to MIPCOM, participants reaffirm their commitment to highlighting and selling African stories that resonate not only on the continent but around the world.

 

 

 

 

 

Mr Laurent Favier, Consul General of France in Lagos stated that “After supporting a stand for Nigerian Animation Studios at Animation Film International Market in Annecy for the past 3 years, the French Embassy in Nigeria will be providing Nigerian Industry professionals with an umbrella at Mthe IPCOM. Coordinated with NIFthe S platform, this stand will be hosting fourteen studios that sell tantheirvies, TV series, TV, and shows to international broadcasters, and platform support for the Nigerian Audiovisual Industry was made possible thanks to specific funds. This year again, the program called “Creation Africa” enables us to support entrepreneurship in the sector of cultural and Creative industries. This fund has bd to us for a period of 18 months by the French Ministry of Europe and Foreign Affairs.”

 

 

 

 

 

Mrs Ijeoma ONAH, founder of NIFS added: “Indeed we are excited with the level of support from the French Embassy in supporting film and TV professionals with a Nigerian Pavilion at the largest global content distribution market MIPCOM Cannes. Through this partnership, our resolve to continue to drive international business for local Nigerian companies has been reinforced, and with the Nigerian International Film and TV Summit, we remain committed to the huge ininternationalitieshrough lithe censing of local programs because this outcome will definitely elevate and transform the dynamics of international distribution for local companies in Nigeria.”

 

 

 

 

Mrs Onah will lead the Nigerian delegation to Cannes along with Mr Christophe Pecot, Audiovisual Attaché of the French Embassy in Nigeria.

.

 

Continue Reading

Politics

Breaking: Lagos Assembly Suspends Alimosho Council Chairman

Published

on

Breaking: Lagos Assembly Suspends Alimosho Council Chairman

 

 

 

 

Sahara Weekly Reports That The Lagos State House of Assembly on Monday handed down an indefinite suspension to the chairman of the Alimosho Local Government Area, Jelili Sulaimon. The suspension is with immediate effect.

 

 

Breaking: Lagos Assembly Suspends Alimosho Council Chairman

 

 

Sitting at plenary, the lawmakers resolved that the vice chairman of the council, Mr. Akinpelu Johnson, should take over the running of its affairs.

 

The House further instructed the management of the council, including the manager and treasurer, recognizes the authority of the vice chairman and accord him all the support to make him work effectively.

 

The chairman was suspended in a unanimous vote by the lawmakers over an alleged non-compliance, defiance and unyielding attitude to the legislative House.

 

Moving a motion for his suspension, the Chairman of the House Committee on Local Government Administration and Chieftaincy Affairs, Hon. Sanni Okanlawon, recalled that in April 2024, pandemonium broke out in the Iyana-Ipaja axis of Alimosho Local Government leading to the death of one Mr. Micheal Ajayi.

 

Hon. Okanlawon, whose committee was saddled with the responsibility to investigate the cause of the pandemonium, said that it was discovered that Jelili masterminded the chaos.

 

According to Okanlawon, all stakeholders involved in the issue were invited, but Jelili had continued to show acts of misconduct to the committee of the House.

 

He highlighted the council chairman’s failure to adhere to the Assembly’s directives and his mismanagement of public funds. He, therefore, called for Jelili’s immediate suspension in line with relevant sections of the 1999 Constitution as amended.

 

“He should be suspended immediately while the vice chairman, Akin Johnson, takes over with immediate effect,” he prayed.

 

Majority Leader of the House, Noheem Adams, while supporting the call for Jelili’s suspension, added that the action would make other local government chairmen sit well.

 

“The Alimosho council chairman does not follow procurement processes or the budget. There has been a lot of misconducts from him and I support that the chairman be suspended indefinitely,” he said.

 

In his contribution Hon. Nureni Akinsanya, Chairman of the House Committee on Public Accounts for Local Government, referred to the report submitted by the State Auditor-General concerning the activities of Jelili. The report underscored the council chairman’s consistent non-compliance with financial regulations, with significant irregularities in his records.

 

Akinsanya, emphasising these discrepancies, suported Okanlawon’s call for Jelili’s suspension.

 

Similarly, Hon. Ladi Ajomale expressed surprise that the council chairman had been recalcitrant despite previous reports detailing his alleged financial mismanagement.

 

Hon. Sa’ad Olumoh, while echoing his concerns, also prayed the House to invite Mr. Kolade Alabi and Mr. Rasak Ajala, chairmen of Bariga LCDA and Odi Olowo LCDA respectively, as heads of the Conference 57, to explain the widespread disregard by council chairmen for governance protocols.

 

The Speaker, Rt. Hon. (Dr) Mudashiru Obasa, who presided over the sitting, directed the Clerk of the House, Barr. Olalekan Onafeko, to communicate the Assembly’s resolution to all relevant authorities

 

Eromosele Ebhomele

Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

Continue Reading

news

Former Liberian Vice President, Howard-Taylor Appointed UNIPGC Matron

Published

on

Former Liberian Vice President, Howard-Taylor Appointed UNIPGC Matron

 

 

 

Sahara Weekly Reports That The first female Vice President of Liberia, JEWEL Howard-Taylor, has been appointed the Matron of the United International Peace and Governance Council (UNIPGC) for its African chapter.

 

 

Former Liberian Vice President, Howard-Taylor Appointed UNIPGC Matron

 

 

She was officially sworn into office on Friday at the Jewel Starfish Headquarters in Monrovia, Liberia, a colorful event that recorded overwhelming success.

 

 

 

She was taken through an oath of allegiance by the Global President & Chairman of the Supreme Council of UNIPGC Africa, H.E. Amb. Dr. Jonathan Ojadah.

 

Former Liberian Vice President, Howard-Taylor Appointed UNIPGC Matron

 

 

The former Vice President swore to lead people manage resources, and create value no individual can create alone.

 

 

 

Amb. Ojadah, the Permanent Representative to the United Nations and holder of the US President’s Lifetime Achievement award congratulated Howard-Taylor for her official inauguration and expressed hope that she would bring massive value to the UNIPGC.

 

Former Liberian Vice President, Howard-Taylor Appointed UNIPGC Matron

 

Howard-Taylor is considered one of the most influential African women.

 

 

 

Earlier, Amb. Ojadah was treated to a superb welcome from the executives of UNIPGC upon arrival in Monrovia, the capital of Liberia.

 

 

 

Those who came out to receive him upon arrival at the airport included notable members of the UNIPGC General Assembly and key executives.

 

 

 

They are Amb. Fanta Ceesay and Mrs. Joy Okikili from Liberia, Amb. Dipo Gbenro, the Country Chief for Sierra Leone, and Amb. Michael Adediran, the Country Chief for Tanzania.

 

 

 

Also present was Mr. Titus Charlie, representing H.E. Jewel Howard Taylor, among other distinguished officials.

 

 

 

This landmark occasion on Friday marks a new chapter for UNIPGC Africa under the esteemed leadership of Chief Dr. Jewel Howard Taylor.

 

 

 

The event, which drew massive attention across the board, is also a demonstration of the commitment of UNIPGC Africa towards fostering peace and good governance across the continent.

Continue Reading

Cover Of The Week

Trending