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PRESIDENT TINUBU ADVANCES STRONGER ECONOMIC TIES WITH SOUTH AFRICA

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PRESIDENT TINUBU ADVANCES STRONGER ECONOMIC TIES WITH SOUTH AFRICA

 

PRESIDENT TINUBU ADVANCES STRONGER ECONOMIC TIES WITH SOUTH AFRICA; SEEKS REFORM OF BRETTON WOODS INSTITUTIONS TO STRENGTHEN ECONOMIC RESILIENCE OF DEVELOPING DEMOCRACIES

 

 

 

 

President Bola Tinubu has on Monday advanced his economic development diplomatic drive for investment attraction as he engaged extensively in a bilateral discussion with South African President, Cyril Ramaphosa, in New York City, ahead of the United Nations General Assembly.

 

 

 

 

 

 

President Tinubu asserted that Africa must have a consensus view that the hundreds of billions of dollars spent through International Development Finance Institutions over the years must meet the specific needs of developing democracies in Africa, even if it is done with exclusive regard for their own enlightened self-interest.

 

 

PRESIDENT TINUBU ADVANCES STRONGER ECONOMIC TIES WITH SOUTH AFRICA

 

 

 

“During the end of the Second World War, the Marshall Plan was established for the reconstruction and economic restoration of European nations through Bretton Woods institutions. Where has this presence been for Africa? We have to be careful not to replace the broken shackle of yesterday with a new set of shackles. You can not have a stable democracy in the presence of a poverty of knowledge and a starvation of people. Democracy without food on the table is a breeding ground for what will consume us, if care is not taken. We must join hands and agree that International Finance Institutions require reform as Africa is not to be a ground for economic scavenging any longer, but it is a place with gifted people that is ready for investment and cooperation.

 

 

 

 

 

 

“We have all the human and natural resources required between our nations. We can collaborate in a mutually beneficial way that enriches our populations. South African Mining industries have a role to play in the Nigerian solid minerals development sector. Your business community has done well in Nigerian Telecommunications. We have great mineral wealth across our land, and you have good expertise in this area. We expect to deliver jobs and mutually beneficial results in this area as brother and sister countries,” the President affirmed.

 

 

 

 

 

 

 

Referencing President Tinubu’s quick implementation of what he called “brave” economic reforms, the South African President agreed that the two countries have much more wealth to create together in close and intentional partnership, with each nation leveraging on each other’s respective strengths.

 

 

 

 

 

 

 

 

“We are two major economies on our continent, and it is important that we deepen economic ties, particularly in light of the African Continental Free Trade Agreement. We are very keen on the deepening of our economic relations,” the South African President said.

 

 

 

 

 

 

 

 

The South African President emphasized that history has proven that Nigeria and South Africa can move the world on matters of mutual concern when the two nations operate on the same wavelength.

 

 

 

 

 

 

 

“We would love to see Nigeria and South Africa working closely together on a number of issues because whenever we join hands, we have made an impact globally through those joint positions. Together, we can move the global south forward. We are a continent that has been plundered. And wealthy nations made so much of it from us, and we must seek out partners who will help us to advance our own interests,” the South African President emphasized.

 

 

 

 

 

 

 

Recognizing President Tinubu’s effective stewardship as the Chairman of the ECOWAS Authority of Heads of State, the South African leader said that Southern Africa needed to emulate the solidarity being demonstrated in West Africa, following the Niger Crisis.

 

 

 

 

 

“We believe that we have a lot to learn from ECOWAS and its unity in reaching consensus positions on sub-regional matters. This is something we seek to emulate in the Southern African sub-region in view of events in Mozambique and other areas,” President Ramaphosa said.

 

 

 

 

 

 

The South African leader also used the opportunity of the bilateral engagement to extend an invitation to President Bola Tinubu to visit South Africa, following President Ramaphosa’s recent visit to Nigeria, as part of efforts to deepen economic ties and the broader relationship between both countries.

 

 

 

 

 

 

While accepting the invitation, President Tinubu affirmed that an Africa, in which Nigeria and South Africa are working in synergy to advance their common interests, is the strongest version of the continent, which can make more impact on global affairs for the benefit of over one billion Africans with its enormous human and natural resource wealth.

“Our continent is the last untapped ground for accelerated, massive growth and new economic opportunity on earth. We must be in charge of our own resources, and we must work to use each other effectively to achieve what is best for all of us, Mr. President. We look forward to an era of economically productive relationship,” the Nigerian leader concluded.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

September 18, 2023

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Peter Obi Offers to Fulfill Bail Conditions for Dele Farotimi, Advocates Justice

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Peter Obi Offers to Fulfill Bail Conditions for Dele Farotimi, Advocates Justice

Peter Obi Offers to Fulfill Bail Conditions for Dele Farotimi, Advocates Justice

The global coordinator of the Obidient Movement has announced that Peter Obi, former presidential candidate and leader of the movement, has stepped forward to fulfill the bail conditions for human rights lawyer Dele Farotimi.

Farotimi, a prominent activist known for his bold stance against systemic issues in Nigeria, was recently granted ₦30 million bail by a Federal High Court following charges filed against him. The case has attracted significant public attention, with widespread support for Farotimi from various quarters.

In a statement, the Coordinator revealed that Obi expressed his gratitude to the judiciary and all stakeholders involved in the legal process. The former presidential candidate emphasized the importance of fairness, transparency, and the rule of law in resolving the matter.

The Obidient Movement, known for championing justice and accountability, has remained vocal in its support for Farotimi. The group reiterated its commitment to upholding the principles of justice and transparency in Nigeria’s judicial system.

The next hearing in Farotimi’s case is scheduled for January 2025, with supporters hopeful for a resolution that upholds the integrity of the legal process.

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Breaking: Speaker Obasa Debunks Allegation Of Spending N17b On Assembly Gate

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Breaking: Speaker Obasa Debunks Allegation Of Spending N17b On Assembly Gate

Breaking: Speaker Obasa Debunks Allegation Of Spending N17b On Assembly Gate

 

The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, on Thursday described the allegation that the House spent N17 billion on the fixing of a gate as spurious and funny.

Breaking: Speaker Obasa Debunks Allegation Of Spending N17b On Assembly Gate

A self-proclaimed group, Lagos State Anti-Corruption Coalition, had accused the Assembly of spending the amount to construct a gate. The group also sought investigation of the claim.

Speaking at plenary, Dr. Obasa said the allegation stemmed from the fear of some people over 2027 which is still more than two years away.

Obasa further debunked the claim that the House spent N200 million on its recently organised 22nd thanksgiving service for staff.

“It is so funny. How much is the allocation of the Assembly in the whole year that we will decide to spend N17 billion on a gate? They even claimed that we expended 200 million on thanksgiving that did not hold.

“We are aware that at a period like this when we are approaching elections in 2027, we should expect such things. I think some people are scared and I don’t know why.

“This House did not and has not embarked on any such project. We are not that reckless. We had our thanksgiving last Friday and dignitaries from various parts of the State attended it,” the Speaker said.

Addressing further claims by the group about the alleged relationship between him and the chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, the Speaker denied attending the latter’s screening and confirmation by the National Assembly.

“They said that I was at the National Assembly when they were confirming the EFCC chairman. I want to believe that there are CCTV cameras at the National Assembly to identify those who attended the event. The press must have written about it too. So the group should do more to confirm if I was there.

“This is just to deny the allegations in the interest of the public and not the writers because the writers are not those we should be joining words with,” the Speaker said.

Earlier, the House, through its spokesperson, Hon. Stephen Ogundipe, had addressed the allegations noting that the Assembly bases its activities on integrity, transparency and accountability.

“It is ludicrous the claim about constituency intervention funds and constituency project funds and their handling by Speaker Mudashiru Obasa and Clerk of the House, Barr. Olalekan Onafeko as claimed by the group.

“One would have expected a self-acclaimed anti-corruption crusading group to do its groundwork before jumping across the fence with conviction that it hit a jackpot to malign an institution of repute in the name of politics.

“Simply put, the Lagos State House of Assembly does not have any such funds. The Assembly does not embark on constituency projects. Instead, once every year, the House holds stakeholders’ meetings simultaneously across the state where constituents have the opportunity to tell the lawmakers their expectations and make requests for the betterment of the state.

“These requests and expectations are compiled and sent to the executive arm of government for consideration as inputs in subsequent budgets. If this is what the group takes as constituency intervention or project funds, we are sure this explanation has given the required education, moreover, it is common knowledge that it is the responsibility of the Executive arm to execute such projects,” the earlier statement by Ogundipe read.

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

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Banwo & Ighodalo Threaten Legal Action Against APC Chairman Over Defamatory Allegations

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Banwo & Ighodalo Threaten Legal Action Against APC Chairman Over Defamatory Allegations

Banwo & Ighodalo Threaten Legal Action Against APC Chairman Over Defamatory Allegations

Renowned Nigerian law firm Banwo & Ighodalo is preparing to take legal action against Jarrett Tenebe, Acting Chairman of the All Progressives Congress (APC) in Edo State, over allegations described as defamatory and unfounded.

In a formal letter dated December 18, 2024, senior advocate Abimbola Akeredolu (SAN) accused Tenebe of making libelous claims against the firm’s founding partner, Mr. Asue Ighodalo. The allegations stem from a December 17 interview on TMC TV/Radio, during which Tenebe alleged that Mr. Ighodalo “stole 21 government vehicles” from the Edo State Government.

Despite a prior demand for an apology and retraction in a December 11 letter, Tenebe has reportedly failed to comply. Banwo & Ighodalo has now issued a three-day ultimatum for him to withdraw the statements or face formal legal proceedings.

In a related statement, the Team Asue Media Organisation (TAMO) categorically denied the accusations, labeling them a calculated smear campaign intended to discredit Mr. Ighodalo. The statement, signed by TAMO spokesperson Erhabor Emokpae, emphasized that Mr. Ighodalo has an unblemished record of public service. It further clarified that Alaghodaro, a private-sector-driven initiative chaired by Mr. Ighodalo, is committed to driving economic growth and investment in Edo State.

TAMO underscored Mr. Ighodalo’s integrity, noting that he has personally funded his expenses throughout his 16 years of public service, including his tenure as Chairman of Alaghodaro. The allegations of vehicle theft were described as baseless and absurd, with no evidence to substantiate them.

Banwo & Ighodalo has reiterated its commitment to pursuing all legal remedies should the defamatory statements not be retracted. The firm condemned the misuse of misinformation for political gain, warning that such actions undermine public trust and damage democratic institutions.

“We call on all parties to adhere to the principles of truth, integrity, and decency in public discourse,” the firm stated.

Should Tenebe fail to meet the ultimatum, the case is expected to proceed to court, with further developments anticipated in the coming days.

 

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