Business
‘President Muhammadu Buhari; A year in office a global decadence to Nigeria’ – Hon. Ifemosu
2015, President Muhammadu Buhari, PMB, won the Presidential election after a keen contest with the then incumbent President, Dr. Goodluck Jonathan, most Nigerians were happy thinking that the “messiah” that will take Nigerians from the woods to the “Promised Land” had come.
Many, also jubilated with the firm belief that the ‘’change’’ which he and his Party, the All Progressives Congress, APC, promised Nigerians was certainly going to transform Nigeria.
But with just about a year of his administration in office, PMB is still apportioning blames rather than proffering solutions.
Rather than shop for those that will help him fix the nation’s bleeding economy, President Buhari is busy globetrotting; spending the little resources that Nigeria is left with abroad and returning back home with little or no results for his missions abroad.
Below are some of the highlighted reason why PMB has actually failed Nigeria:
*During the 2015 presidential electioneering campaigns, PMB, promised to make the Naira equivalent to the United States of America Dollar.
With this pronouncement, most of us where happy since our economy is an import dependent one.
As at May 29, 2015, when he assumed office, the value of the Naira to the Dollar, in the black market was N195.00 against its current rate of N400.00.
As a result of this, cost of almost every commodity in the market has skyrocketed.
About Few months ago, his government announced that 500,000 unemployed graduates were to be employed as teachers.
Again, this was welcomed with much applause.
But just recently, the PMB led government announced that these teachers would be trained under its social welfare scheme to serve as voluntary teachers; what a deceit.
I termed this as Unpreparedness for leadership.
To prove PMB’s unpreparedness for leadership, in April 2015, after the Presidential election, he mentioned to Nigerians that he was not sure that former President Goodluck Jonathan will concede defeat.
To further buttress this position, it took President Buhari about seven months to appoint his ‘’saints’’ Ministers.
Ministers without any allegation of fraud.
To make matters worse, it took Buhari nine months to discover that the recently sacked 26 Agency heads were working for the PDP, as announced by the APC Chairman, Chief John Odijie-Oyegun.
*Budget Padding
Again, to show how unserious he runs the business of Nigeria, it took the President too long to get the 2016 budget passed.
His “Zero-based” budget of 6 trillion for the “change” agenda, presented with so much fanfare, expected to perform wonders for Nigerians, has been rejected by the National Assembly because of massive blunders discovered in the document after it was initially declared missing.
What does PMB and his APC Led government take Nigerians for? According to the late reggae icon, Bob Marley, you can fool some people sometimes but you can’t fool all the people all the time.
With reference to the controversial budget, full of concocted huge sums of Naira, with so many so-called errors attributed to the Presidency, how can a government that means well for its citizens plan a higher budget for its Ministry of Information against a lesser one for the Ministry of Agriculture in a country plagued by poverty, hunger and starvation? Or is this deliberate in other to equip the Minister for Information and Culture, Alhaji Lai Muhammed, for what he knows how to do best; propaganda.
How did N5 million proposed for buying computers for the News Agency of Nigeria (NAN) and the Film and Video Censors Board mysteriously became N398 million? What error accounts for the N3.8 billion allocated for capital projects at the State House Clinic meant for the president, vice-president and their families alone; compared to the N2.6 billion allocated for all the 17 government teaching hospitals nationwide.
Based on the foregoing, is the budget truly a reflection of how PMB loves Nigerians and the Nigeria he once cried for? Is it also a true reflection of the “change” he promised? What brands of tyres, batteries, fuses, c-caution signs, fire extinguishers and towing ropes will amount to more than quarter of a billion Naira of tax payers’ money, considering the fact that this budget is just for one year and that some of the listed items come with brand new cars.
How can a President who claims to be fighting corruption present such a budget?
Exposing Nigeria to external aggression
President Buhari goofed seriously when he made the Dasukigate investigation public.
Even in the advanced world, matters of national security are handled secretly on-the-need-to-know bases.
But in PMB’s case, he preferred to make a big show with it thereby exposing the nation’s vulnerability and susceptibility to external military aggression and possible invasion by any country; no matter how small that may want to display its military might and superiority.
PMB, in doing this, forgot he took an oath to protect Nigerians.
*Lack of tolerance for the opposition.
PMB’s intolerance for the opposition remains unparalleled.
He has not congratulated any governor in the opposition political parties who emerged victorious in any election, since he assumed office as President.
This may also be the reason his anti corruption fight is perceived to be a vendetta mission, an attempt to reduce the opposition to nothing.
This writer is not against the anti corruption stance of Mr. President but his approach is seriously assuming a dangerous dimension; Nigerians are watching.
PMB’s corruption war seems to be targeted and limited to the Jonathan’s administration.
Is PMB telling Nigerians that previous administrations were corruption free? Or is it because Dr. Jonathan did not in the military? What are the reasons for limiting this fight to Jonathan’s administration and the PDP alone? What about the men in his cabinet, whose names are associated with so many alleged corruption issues? Is PMB surrounded by saints, is he saying that all present and former governors of the APC are corruption free or they never corruptly enriched themselves? In about three months , his administration will be one year.
Nigeria needs a president that can move her forward not one that has taken her 30 years backwards.
What about his party leaders who have been alleged to have converted state government properties into their personal properties? Why has PMB refused to tell Nigerians the source of funding for his electioneering campaigns and how those who funded it with billions of Naira acquired such stupendous wealth? What about the numerous under aged Nigerians that voted for him in the northern part of the country which may have contributed to his emergence as president; has he made any categorical statement to condemn this act? How can a President, who was corruptly voted into power fight corruption? How can a President whose election campaigns were corruptly funded by corrupt persons who allegedly corruptly enriched themselves fight corruption?
Nigeria’s business is a serious one; not meant for people who lack vision to move the nation forward.
Nigerians are tired of his anti corruption mission which is not even yielding fruits.
His anti corruption fight is seriously hemorrhaging the nation’s economy.
*Fuel hike/Scarcity.
It took PMB to aggravate the suffering of Nigerians by increasing the price in PMS, it will be recalled that the minister of petroleum (state) kachikwu stated it categorically that fuel Scarcity will end by may, not knowing there is a plan B to subsidized and increase fuel Scarcity, it is a known fact that earlier in 2015, PMB stated that there is nothing like Fuel subsidy, only to come in 2016 to subsidized it at a higher price.
Nigerians are hungry.
And rather than spend the past eleven and half months since he assumed office to fight hunger, starvation, poor health care delivery systems, and shelter for the homeless, PMB has been busy junketing the entire globe and painting Nigerians black as corrupt people.
Is it his war against corruption that has refused to yield results as buttressed by a recent statement by the Economic and Financial Crimes Commission (EFCC) boss, Ibrahim Magu, that “senior lawyers are frustrating the war against corruption? Is it his victory over Boko Haram which he claimed can no longer carry out any conventional attack yet they bombed Maiduguri, Borno State capital, killing and injuring scores? The same Boko haram bombed an IDP camp too killing and injuring scores of harmless women and children he swore to protect.
And just recently, the same group of terrorists razed Mala Keri in Konduga Local Gorvernment Area of Borno State.
Is it the “padded zero-based” budget of “change” corruptly designed to enrich some pockets which they also claimed some rats smuggled some items into it, as reported by the BBC or the Treasury Single Account (TSA) which he recently pronounced was a creation of Dr. Goodluck Ebele Jonathan’s administration? Would it be only the Dasukigate? Of what immediate benefit is Dasukigate to Nigerians compared with the sorry state of the Naira or faulty policies like the one which has caused even students inability to pay their school fees abroad?
President Muhammadu lacks clues on how to move Nigeria forward. He also lacks the capacity to be Nigeria’s president.
This is because he equally lacks ideas on how to diversify the economy of this great nation blessed with abundant natural and human resources.
His team also lacks cutting edge ideas that will take Nigeria out of the woods.
They have nothing new to offer as his “miracle making” and “saints” ministers are of the old school or old brigade with little or no achievements to show in their past leadership roles except for Babatunde Raji Fashola the minister of darkness who could only increase the electricity tariff and stop importation of Generators.
Nigeria, a country with about 220 million people does not need a president that lacks a 22nd century vision.
We need one with solutions to her challenges.
The kind of president that can set the propellers and the turbines of Nigeria’s economy running rather than bringing it to a total halt; a president that can place the most populous black nation in the world, in its rightful place, in the committee of nations.
Ifemosu Michael Adewale.
An activist, Founder Youth in Good Governance initiative (YIGGI).
Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman
By Rabiu Usman
It was President Bola Tinubu that declared that in the first half of this year, the revenue of Nigeria soared to over N9.1 trillion, compared to the first half of 2023.
For instance, N5.2 Trillion accrued into the Federation Account for the period January to June 2023, while a total of N7.3 Trillion accrued into the account for the period July to December, 2023.
However, for June this year, accruals into the Federation Account rose to N2.483 trillion in June 2024. It was N2.324.792 trillion in May, meaning for the two months of May and June this year alone, about N4.8 trillion accrued into the Federation Account while N5.2 trillion accrued into the account for the first six months of last year.
The President attributed the revenue increase to the government’s efforts in blocking leakages, introducing automation, and mobilizing funding creatively, all without placing an additional burden on the people.
A few days after the President spoke glowingly of the considerable increase in the revenue of the country, a process being powered by the Federal Inland Revenue Service (FIRS), under the Chairmanship of Dr Zacch Adedeji, the Nigeria’s Zaccheus the Tax Collector, the World Bank also confirmed the progress being made in the area of revenue generation.
The World Bank projected that following the recent increase in government revenue, Nigeria’s revenue-to-GDP ratio could rise to over 10.5 percent by the end of 2024.
Ndiamé Diop, World Bank country director for Nigeria shared the forecast during an interactive session on ‘Fiscal Reforms for a More Secure Future’ at the 30th Nigerian Economic Summit, held in Abuja last month.
Also, according to data released in September by the National Bureau of Statistics (NBS), Nigeria’s Value Added Tax (VAT) revenue increased by 99.82% year-over-year in the second quarter of 2024.
During this period, total VAT revenue reached N1.56 trillion, a 9.11% increase compared to the previous quarter.
The NBS report highlighted that the revenue growth was driven primarily by local payments, which brought in about $484 million, while foreign payments contributed $242 million. VAT on imports generated $228 million.
However, despite the level of progress already made, the FIRS under Dr Zacch Adedeji is not done yet.
Various innovations are daily being introduced to ensure seamless payment of taxes by Nigerians.
Last week, the Taxpayer Services Department of the FIRS launched the new USSD code *829#, aimed at revolutionizing taxpayer engagement and access to essential tax services.
According to the FIRS, the initiative was aimed at “simplifying tax processes and providing a seamless, efficient service experience.”
With the *829# USSD code, taxpayers can now effortlessly access a range of services, including TIN retrieval, Tax Clearance Certificate (TCC) verification, and general inquiries all from the convenience of their mobile phones and with no need for internet access.
Also, Zacch Adedeji is everywhere, explaining the four tax bills currently before the National Assembly, assuring that it will not reduce the funding or operational efficiency of government agencies.
Last week Wednesday, Adedeji addressed the heads of the National Agency for Science and Engineering Infrastructure (NASENI), the National Information Technology Development Agency (NITDA), and the Tertiary Education Trust Fund (TETFUND) at the Revenue House in Abuja. He allayed concerns surrounding the proposal to rename the FIRS as the Nigeria Revenue Service (NRS), clarifying that the change is intended to streamline and improve agency efficiency.
He said the main goal was to align government revenue practices with current fiscal demands to ensure all agencies are well-funded and effective.
Adedeji further highlighted that the proposed legislation would enable government agencies to concentrate on their core responsibilities without the added task of revenue collection.
“The bills, once enacted, will allow agencies to focus on their primary functions instead of managing tax collection duties,” he explained.
Adedeji, who appears to have taken up the job of an Explainer concerning the new tax bills, further pointed out that the bills were the aftermath of President Tinubu’s administration recognition of the need for a unified tax code to reduce complexity and stimulate economic growth.
Perhaps, by the time this is being read, Dr Zacch Adedeji, will be standing before another audience to explain the ideas behind the new tax bills and their capability to further sore up the revenue base of the country, because for him, the revenue must keep increasing.
Usman, a public affairs commentator lives in Abuja.
Business
Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes
-
Business6 months agoMaxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice
-
society6 months agoExposing The Many Lies Of Wanted Cyber Bully, Dorcas Adeyinka + Her Failed Attempt To Blackmail The Odegbamis
-
society6 months agoAlleged Assault In Court: Setting The Record Straight, Jesam Michael is The Victim, Not Maxwell Opara
-
Politics6 months agoNiger’s Journey of Redemption Under Governor Bago* By Paul Dickson
You must be logged in to post a comment Login