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Nigeria not yet out of the woods

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AMERICAN and Western European experts predicted that Nigeria will disintegrate in 2015. With the political desperation and frenzy that marked the political campaigns of the 2015 presidential election, many thought that Nigeria was at the point of the predicted 2015 disintegration. Surprisingly, the election took place without the much anticipated violence.
And following the election, the incumbent president, Goodluck Jonathan, conceded defeat to the victorious opposition presidential candidate, Mohammudu Buhari. This forestalled the anticipated violence and predicted breakup. Refreshingly, the doomsayers were proved wrong.
Disturbingly, Nigeria is still not completely out of the woods; as it may still break up. The possibility of conflict and dissolution of the country continue to loom because Buhari is stoking trouble. He is actively stirring up issues that can lead to serious national conflicts.
Nigeria is a very complex country, and its governance is complicated by tribal, religious and sectional rivalries. In my viewpoint, Buhari is insensitive to this complexity and lacks the finesse and dexterity needed to govern Nigeria. With a military background and orientation, and a total lack of a liberal education, he is ill-equipped to preside over a democratic Nigeria. He has no refinement, and as such, only understands the language of force. He also does not understand the world order. Recall that he once referred to Germany as Western Germany and Chancellor Angela Merkel as President Michelle. Those were just tip of the iceberg.
There is no doubt that corruption is killing Nigeria, and that something needs to be done urgently to deal with it. But you do not pull the entire house down simply to kill the rats in the ceiling. It demands that you methodically take out the rats one by one, so that, after the rats are gone, you still have a house to live in. He needs to respect the equality of all Nigerians under the law. His 95 percent formula is naive and counterproductive.
A successful war on corruption is not necessarily a function of the number of people jailed. The emphasis should not be just on sending people to jail for corruption, but also, in deterring acts of corruption. In his fight against corruption, Buhari refuses to understand that Nigeria is a representative democracy, and not a military dictatorship or a neo-military dictatorship.
A democracy is guided by the rule of law and not the impulsiveness and arbitrariness of a retired army general. The legal process is usually slow and painstaking. Buhari is impetuous; he does not have the patience and tolerance for the measured pace of the law. He wants, at his whims and caprices, to jail southern politicians and his enemies of northern extraction such as Col. Sambo Dasuki for corruption.
He wants to rearrange the judiciary, and reconstruct and expand Kirikiri Prison. He will then fill the prison with his political enemies, as all those he fingered for corruption will automatically be arrested by the Economic and Financial Crime Commission (EFCC) and jailed for one hundred years or more by a compliant judiciary, dominated by northern judges.
Is Buhari’s hypocrisy not conspicuously obvious? To tackle corruption, he must first purge himself of his excess baggage. He must approach equity with clean hands. How on earth can he fight corruption when the likes of Tinubu, Okorocha and former governor, Amaechi are his political allies? Please explain it to me! Amaechi is the man that funded Buhari’s campaign with money from the coffers of the government of Rivers State. Buhari, of course, knew the source of the campaign funds. At the time he was spending money on the Buhari Presidential Campaign, he was a sitting governor. He was not a multi-billionaire in the mold of Dangote. So, the source of the money was obvious to Buhari.
It is understandable that a president appoints people that he is comfortable with to work with him. But to appoint only his friends and relatives to pivotal positions as the Director Generals of the Directorate of State Security (DSS), Customs and Immigrations and the Chairman of the Independent National Election Commission (INEC) is nepotism. Nepotism is corruption.
And he insulted the sensibilities of Nigerians by justifying the appointments on the grounds that the appointees are loyal to him as friends and relatives. It is wrong for him to give the impression that only his friends, relatives and others from the northern part of Nigeria are competent, and committed to his vision. In addition, his punishing of those regions of the country that did not vote for him in the presidential election is grossly unfair. It is not only setting a dangerous precedent but inflames ethnic fury.
My honest advice to Buhari is to first of all stabilise the economy and embark on institutional reforms that will strengthen the judiciary and the legislature before delving into other major divisive issues. However, he is neither reforming nor strengthening our national institutions. Actually, he is weakening them; he meddles in the judiciary and remote-controls the Senate and the House; thus, undermining the separation of powers.
This is posing a serious problem for Nigerian democracy because these branches of government need to operate independently. What we are experiencing today is a military regime masquerading as a democracy.
UkwuBuhari’s hounding of his political enemies with Gestapo-styled DSS raids on state government houses, private homes, etc attests to this reality. The lopsidedness of his administration’s actions is causing some silent but powerful and dangerous ripple. Nigeria is boiling. I see 1966 coming full cycle.

Mr. Lloyd Ukwu, an international lawyer, wrote from Washington D.C., USA.

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Business

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

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Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

 

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… as FG endorses consolidated guidelines

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That Today, in a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a cornerstone of the Presidential Directive aimed at enhancing the Nigerian oil & gas sector’s global competitiveness whilst stimulating economic growth.

 

 

 

 

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

 

 

 

 

 

As disclosed during the signing, the Presidential Directives were developed and coordinated by the Special Adviser to the President on Energy, Mrs. Olu Verheijen to ensure a competitive framework for the Nigerian oil & gas industry. These Consolidated guidelines for the fiscal incentives are based on extensive collaboration across Finance and Petroleum Ministries and involved several key regulatory bodies including the Federal Inland Revenue Service (FIRS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

 

According to Mrs. Verheijen, these new measures have been designed to deliver a competitive Internal Rate of Return (IRR) for Oil & Gas Projects and attract over $10 billion in new investments within the next 12-18 months. They also underscore Nigeria’s commitment to reaching its long term oil production target of 4 million barrels per day whilst enhancing the reliability of gas supply for to boost export earnings and fuel Nigeria’s industrialization.

 

Mrs. Verheijen disclosed that among the guidelines signed were the NUPRC Guideline on Hydrocarbon Liquids Content in a Non-Associated Gas (NAG) Field, essential for accurately categorising and quantifying the hydrocarbon liquid content in these fields. Additional guidelines focused on the applicability of tax credits and allowances for Non-Associated Gas Greenfield Development and the Midstream Capital and Gas Utilization Allowance, providing taxpayers with clarity on the computation of these benefits.

 

HM Edun, in his remarks, thanked President Bola Ahmed Tinubu for signing the directive in February 2024 to engender growth in the Nigerian oil and gas sector, which had stagnated for over the last decade. He also emphasised the potential of the guidelines, saying, “The idea is to create an atmosphere conducive to international competitiveness such that investment comes in. And in this case, we know it’s foreign direct investment”.

 

The signing ceremony was attended by various stakeholders, including NNPC Limited, Oil Producers Trade Section (OPTS) and the Independent Petroleum Producers Group (IPPG), further highlighting Nigeria’s unified approach toward reinvigorating its oil and gas sector.

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Education

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

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JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

 

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Sahara Weekly Reports That The Federal Government has reportedly shut down Lead British School following the bully of a student named Namitira in the Abuja-based institution.

 

 

 

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

 

 

 

 

Two videos showing the student reportedly named Namtira being manhandled went viral on social media on Tuesday.

 

 

 

 

 

 

 

In one of the videos, the victim was seen being slapped repeatedly by another female student while asking “Who broke my heart?”

 

 

 

 

 

 

 

In another video, the victim was seen sitting next to a male classmate who was heard saying “I spoilt her relationship”.

 

 

 

 

 

 

 

Furthermore, the minister of women affairs has visited the school to address the situation. In a follow up video recorded this morning, the culprit was seen being slapped by a woman who is said to be the victim’s aunty.

 

 

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Meet the Nigerian prophet that prophesied the climatic disaster in Dubai and Oman

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By Collins Nkwocha

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The prophetic Hall of Fame, prophet Godwin Ikuru of Jehovah Eye Salvation Ministry, Lagos has established himself as a global prophet, giving accurate and precise prophecies to nations, individuals,continents and organisations.

 

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Nigerians will never forget how he enunciated that Tinubu was going to rule Nigeria,a lot of people and prophets made him their enemies and even threatened to him because of that,but God will always fulfil the words of his prophets as Tinubu finally emerged the president despite all the antagonism.

On the 31st of December when this great prophet was dishing out his prophecies for the year 2024,he said categorically and emphatically that the Asian countries will experience a lot of climatic disasters this year.Oman had a very heavy rain that killed 18 people,it included at least nine schoolchildren and their drivers whose vehicle was washed away by the floodwaters.

UAE witnessed the heaviest recorded rainfall in history,this is really alarming as the rainfall caused a lot of havoc.Only the prophetic Hall of fame, prophet Godwin Ikuru saw all these coming.

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