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Tinubu Sets 3-year Economic Revival, 50 million Jobs Target
Tinubu Sets 3-year Economic Revival, 50 million Jobs Target
…Perform or be fired, Presidency warns ministers
An economic revival plan aimed at ensuring a new lease of life for Nigerians was released yesterday by the Federal Government.
The plan includes bold economic reform, borrowing avoidable, foreign and domestic investment drive, restoration of national security, food security, job creation, and promotion of accountability.
President Bola Tinubu who reiterated his commitment to economic revitalization said he will not permit indolence or any act capable of derailing his ‘Renewed Hope Agenda’ by any of his ministers.
He gave a marching order to the 45-member of the Federal Executive Council (FEC) to perform or be ready to be fired for incompetence.
The president, who presided over his administration’s maiden FEC meeting at the Council Chambers of the Presidential Villa, Abuja, advised the ministers to brace up for the challenges of governance.
Five ministers-Olawale Edun (Finance and Economy), Mohammed Idris (Information and National Orientation), Dr. Ali Pate (Health and Social Welfare), Abubakar Kyari (Agriculture and Food Security), and Doris Anite (Industry, Trade and Investment) and Special Adviser to the President on Media and Publicity, Ajuri Ngelale-shed light on how they will achieve the president’s eight-point agenda.
Anite said President Tinubu was targeting 50 million jobs or Nigerians in fulfilment of his campaign promises during the electioneering.
Edun said although President Tinubu inherited a bad economy, concerted efforts will be made to change the tide.
The president, who highlighted the challenges before the ministers, charged them to gird their loins.
He alluded to the priority areas, which were emphasised in his economic programmes, urging them to embrace activities that will enhance service delivery and prevent failure.
President Tinubu said the country relied on the minister’s skill, intellect, and networking, adding that they were appointed to make a difference.
He said: “As I said during the inauguration, I am the bus driver and you are the conductors. We have to make sure this country stays on the right path to succeed on behalf of over 200 million Nigerians. We willingly accepted the appointment and I accepted the mandate of Nigerians.
“I have delegated some of these powers to you to serve the country. You are a very lucky person to be selected among millions of Nigerians and we will use the opportunity to show that Nigeria has what it takes to dig ourselves out of our problems.
“We must find a home-grown re-engineering of our finances, manage our resources and let the economy work for the people of this country.
“There are so many things some cynics will say is impossible, but in your dictionary of service, everything is possible and must be possible. We have the talents; we have the level of intellectual capacity to turn this country around.
“You and I know that the expectation is high and it’s a tough time right now. We must work hard, commit ourselves and create a buoyant economy that will serve every Nigerian. We have an employment level that is unacceptable. We are threatened by climate change. We still have underemployment.
“But to turn things around, you have been selected to perform your utmost best. The policy agenda will be set out to reform the economy to deliver sustainable and inclusive growth, and strengthen national security for peace and prosperity. Without security there can be no investment. That is true. You have to convince them and the time is now to do that.
“When you look around the world, every leader is clamouring for what they believe on what should be there policy on food security. We have declared a state of emergency. What is your goal?
“Every one of you is a member of this team, every one of you, no partitioning. We can do whatever we want from the assignment of responsibility, but all depends on you, if you stay focused, we will all arrive at a better destination and the country will be better off for it.”
He added: “We must unlock the energy and natural resources of this country. We must start producing for ourselves, and dig ourselves out of the hole. We must focus on education, healthcare and social investment that is essential for the development of our people.
“Our priority areas are defined in our economic programmes. Every area is our priority and you belong in the driver’s position to realize and make that priority a fulfilling promise to the entire nation and the continent of Africa.
“You must achieve the economic growth that is expected of us. We must feed our people. We must leverage on what we have and grow more to satisfy Nigerians. It is all in your hands now.”
President Tinubu said he was prepared to listen to the ministers whenever they have concerns.
He stressed: “I am ready to listen. Like I said to NBA yesterday, I am ready even for corrections; only God is perfect. Don’t be afraid to take decisions. That’s the burden of leadership. I know some of you are still looking for offices. I believe the SGF, COS, HOSOF will work as a team to settle you down quickly.”
Drawing a pictorial analogy of the task before the government, Tinubu said: “Imagine yourselves that in this situation you have been called upon to fetch water from a dry well. The challenges are there, but we will deliver for Nigerians”.
Edun told reporters that he presented a “Roadmap for the Economy,” noting that the FEC agreed that the economy is not where it ought to be.
He also said that FEC examined eight priority areas and identified targets to deliver in the next three years, adding that the President had charged the ministers to roll out policies and programmes to turn the economy around.
Edun stressed: “First, he congratulated everybody and emphasised the high expectations of Nigerians and he encouraged us to be bold and courageous and innovative and to act with urgency in delivering a better life to all Nigerians.
“Essentially, we went through an exercise of looking at where things stood, regarding the economy, the growth rate, the exchange rate, inflation, unemployment and so on.
“The overriding conclusion is that we’re not where we should be and we also examined the President’s eight-point agenda, that is, the eight priority areas for moving the Nigerian economy forward and for delivering to Nigerians and those are basically food security; ending poverty, economic growth and job creation, access to capital, particularly consumer credit, inclusivity in all its dimensions, particularly as regards youths and women, improving security, improving the playing field on which people and particularly companies operate, rule of law, and of course, fighting corruption.
“It is around those matrix that the plans and the targets of what will be delivered in the next three years or so were identified, discussed and imputs were given by various ministers and we’ll now go away with the marching order to refine further the targets in particular and within weeks to start rolling out policies and programmes to turn around the economy and make things better for all Nigerians. That really is the substance of what the discussion was all about.”
Edun said the Tinubu administration inherited a bad economy with an unacceptable high rate of unemployment, and with inflation standing at 24%.
He said:“Per capital has fallen steadily, inflation is at 24 percent, unemployment is high, you know m are rebasing the way in which it’s calculated. Either way, it is high and youth unemployment is even unacceptably high, these are the key metrics that we have met.”
Asked to be specific on the kind of economy the Tinubu administration met on ground, the inister said: “We met a bad economy and the promise of Mr. President is to make it better”.
The Minister said the Federal Government would in not borrow money at this time, adding the emphasis is on how to create a macroeconomic environment where both local and foreign investors will invest and increase production.
Edun said: “Clearly, the Federal Government is not in a position to borrow at this time. Rather, the emphasis has to be on creating a stable, macroeconomic environment. Stable inflation, stable exchange rate, an environment within which people can come and invest and thereby increase production and further grow the economy; Improve and create jobs and reduce poverty.
“So, the aim of all reforms at this time is to focus on what we call equity to focus on investment to attract investment investment by Nigerians. Investment by foreign direct investors and even investment by portfolio investors that want to invest in the financial aspects of the Nigerian economy, such as the stock market, such as the bond market.
“So, that is the plan. That is the expectation and it is that there will not be a reliance on borrowing. Rather, as revenues increase, as the benefit of removing fuel subsidy and the subsidy on the exchange rate, those mean more money for government at all levels.
“Because, of course, through oil revenue, the federation earns dollars and if those dollars are feeding through, at let’s say, 700/750 or so naira to one dollar as opposed to 460 where it was before; clearly, that is repairing the finances of government are federal state and local government levels.”
Anite said President Tinubu was planning to create 50 million jobs.
She stressed: “In Mr. President’s manifesto during his campaigns, he promised 50 million jobs and that’s our target. We will take it in phases; we are looking at different sectors of the economy that will contribute to this job creation chief among them is the creative industry and the digital economy, and then the agric sector, agro-processing zones, and mining, oil and gas. So we’re very confident that we will achieve this.”
IS WIKE AN ASSET OR A LIABILITY TO TINUBU?
By Rex Akindele
Sahara Weekly Reports That Politics, they say is a game of interest. No permanent friend, no permanent enemy but permanent interest. But in every sphere of life, there’s morality and a man is best respected by his principles and the values he stand for.
There’s this school of thought that says “if you don’t stand for anything, you fall for everything”. This is the crossroad where the former governor of Rivers State and incumbent Minister of the FCT, Ezenwo Nyesom Wike stands.
Loud, brutish and loquacious with a touch of arrogance, the APC as a political Party was always the butt of his not so funny jokes while he held sway as governor of Rivers State.
Wike rose from the ashes of the crisis that engulfed Rivers State in 2007 after the gubernatorial primaries of the PDP in the State which the then president, Gen. Olusegun Obasanjo described as having a K-leg. The winner of that primaries, Rotimi Amaechi with a natural K-leg was not the preferred candidate of the powers that be and he was unceremoniously substituted with Sir Celestine Omeiha to fly the flag of the Party. What ensued after was a pre-election legal battle that went all the way to the Supreme Court. After the general elections which Omeiha won and was inaugurated as governor, the heat became unbearable for Amaechi and he escaped to Ghana on a self-imposed exile. It was Barr. Wike, a former Council Chairman of Obior/Akpor Local Government and close ally of Amaechi that stayed behind to coordinate the legal team and supporters of Amaechi until the case was decided by the Apex Court.
In appreciation of the job Wike did while he was away, Gov. Amaechi appointed him as his Chief of Staff during his first term in office. The Chief of Staff in the current system we practice wields a lot of powers and Amaechi, seeing how powerful and ambitious Wike was becoming, decided to cut him to size by not re-appointing him when he won his second term in 2011. Amaechi in one of his interviews, confessed that Wike was getting depressed and when an opportunity came to nominate a Minister from the State, a mutual friend of theirs pleaded with him to consider Wike in order to save him from a mental crisis. That was when Wike was nominated, and appointed by President Goodluck Jonathan as Minister of State for Education in his government.
When Governor Amaechi and President Jonathan fell apart, Wike took advantage of the crisis to build a parallel structure for Jonathan in Rivers and when Amaechi joined forces with 4 other PDP governors to create a faction within the PDP known as the New PDP, which later joined the APC, Wike, a cabinet Minister, took charge of PDP in Rivers State as the leader being the highest political office holder from the State. With the entire Party structure in his kitty and as the right hand man of President Jonathan who was contesting for a second term in office, the Governorship ticket of the PDP was an easy pick for Wike and despite the opposition from the then incumbent and his estranged friend, Rotimi Amaechi, Wike rode on the South-South sentiment and the popularity of President Jonathan in the region to clinch the governorship seat. This was Wike’s journey to limelight.
I have taken time to explain this to let you see that Wike is a crisispreneur and among active politicians in the country today, he has benefited from crisis the most. That’s why he rejoices whenever he sense a crisis anywhere as crisis to him is like the green grass to the green snake. His involvement with the APC during the last general election was as a result of the crisis that engulfed the PDP after their presidential primaries of 2022 in which he was an aspirant. His role in President Tinubu winning Rivers in 2023 can never be overemphasized but while he presented himself as someone fighting for the interest of Southern Nigeria, he lost what could have been a tremendous goodwill from such act by accepting a ministerial appointment from the president and the Party he had bad-mouthed for 8 years. It means it was all about his personal interest all along, which on its own is not bad if only he can swallow his pride and show some respect for others.
Mr Wike’s brazing use of his vantage position as a cabinet Minister in an opposition government to interfere with the governance of his home State of Rivers without reservation is becoming a moral burden for the Tinubu administration. Crisis of mistrust and disloyalty is common between successive governors and their predecessors in Nigeria since the inception of this democratic dispensation and on all occasions, the sitting governor always have the sympathy of the people.
At present, like Rivers, there’s a cold war in other States between governors and their benefactors, particularly in Benue State where Senator George Akume, a former governor of the State and incumbent Secretary to the Government of the Federation (SGF), and his anointed governor, a Catholic Priest turned politician, Fr. Hyacinth Alia are fighting for supremacy. Senator Akume has maintained a dignified silence and conducted himself in a manner befitting of a high profile government appointee while allowing his men to battle it out with the governor. In the case of Mr Wike, he talks at every given opportunity in a demeaning language directing his missiles not only to his State governor but also to any elder that dare to associate with the governor. Some of those words are not even good enough to be used on an opponent not to talk of members of the same political Party. His supporters continue to abandon him on daily basis as it seems the communities are now turning against those fighting the governor.
Rivers State is a very delicate State. One of the oil producing States in the country that has the privilege of serving as the operational base of most oil companies in the region. It used to be the hotbed of militant activities until the intervention of late President Umaru Yar’Adua who introduced an amnesty programme to appease aggrieved youths fighting many years of neglect and insensitivity to the plight of their people. Today, anything that threatens the peace of Rivers State is a threat to national security and it’s becoming obvious from the tone of Elders, traditional leaders and stakeholders of the region that the Minister of the FCT is seen more as a threat to peace in the State, a character unbecoming of someone who served as Chief Security Officer of the State for 8 years.
On the political side, Wike is lost between the devil and the deep blue sea. After the 2023 general election where the PDP failed woefully due to some decisions and miscalculations of her presidential candidate, Alhaji Atiku Abubakar, Wike was supposed to be the rallying point of aggrieved stakeholders and frustrated supporters of the Party. He was being looked upon, along side members of his G-5, to become the new face of the opposition in the country and give the Party new direction until he tumbled from his Olympia height. He had Governor Ortom, the former governor of Benue State who was a torn in the flesh of the Buhari led APC administration with him. But by choosing to serve as minister in an opposition government, he lost the trust of his fellow ‘comrades’ and the first to abandon him was the only remaining governor among them, Seyi Makinde of Oyo State. His appointment as Minister from Rivers, with Mr President not giving extra consideration to the State in order to accommodate someone from the original APC family, threw the APC into confusion. Today, while the national secretariat of the APC dissolved the State Working Committee and installed Wike’s loyalists in a caretaker capacity, Wike remained a PDP member in the day and APC at night thereby allowing both Parties to suffer in the State as he continue to play the double game. Lovers of multi-Party democracy will definitely question President Tinubu’s democratic credentials on the account of this. A virile democracy strives on the foundation of a strong and healthy opposition and the President will do his image in the international community a lot of good if he concentrate on strengthening his Party rather than being seen as destroying the opposition.
Regardless the number of State Assembly members standing with the minister, it’s a near impossibility to impeach the governor as the State will go up in flames. Seen as the first person to emerge as governor of the State from the riverine communities since the return of democracy in 1999, Gov Fubara has played the ethnic card very well to his advantage. He has also succeeded in harvesting all the other former governors who were also at the receiving end of Wike’s arrogance, vindictiveness and winner-takes-all approach to politics.
It has now come to the public that with all the noise from Rivers during his time as governor, Local Government workers were denied the statutory minimum wage of ₦30,000 and for 8 years, their promotion was stagnated. The national leadership of NULGE had to send a powerful delegation to governor Fubara to commend him for righting the wrongs of the past by implementing minimum wage for local government employees in the State and effecting their backlog of promotions. If these and more is been done to ingratiate himself to the people, Fubara has succeeded to a great extent as it continue to eat into any godwill left of Mr Wike as his former trusted allies throng the government house in Port Harcourt on daily basis to pay homage to the governor and pledge their allegiance.
If an election were to be conducted in Rivers State today, can Wike still be able to deliver for Mr President? The answer is a big NO and the situation will get worse with time.
It is therefore high time President Tinubu begin to see Wike as a political liability and social disaster by reaching out to other stakeholders and making new friends in Rivers State in order to safeguard his political future in the Niger Delta.
Akindele wrote this piece from Kubwa, FCT and can be reached at rexakindele2000@gmail.com
*Will Primate Ayodele’s Prophecy On South Sudan Election Come To Pass? (VIDEO)
Although the government of South Sudan headed by Salva Kiir has disclosed its intention to hold a presidential election in December 2024, popular Nigerian prophet, Primate Elijah Ayodele revealed that the election date will be changed.
In a video which went viral, the prophet made it known in 2023 that he doesn’t see the election being held on the proposed date due to security issues that would threaten the election process.
The prophet who has sent several fulfilled prophetic messages to the country stated that the election will cause destabilization in the country and an imminent danger lies in wait if the election holds.
He also revealed that the country will come under international pressure once the date is shifted while reiterating that the election date isn’t realistic.
These were his words
‘The date for the South Sudan election will be changed, the election isn’t realistic because of insecurity in the country. If the nation goes ahead, the election will cause destabilization. Once the election date is shifted, the international community will begin to put pressure on the country. If the election is held, there will be danger. The election isn’t realistic.’’
WATCH VIDEO BELOW:
@primateayodele #africantiktok #africatiktok #African #Africa #iescworldwide #primateayodele #southsudan #southsudantiktokers🇸🇸 #south #English #elections #southsudantiktokers🇸🇸
It’s nine months to the proposed presidential election, there is not much preparation for the election due to the crisis in the country. Will Primate Ayodele’s prophecy come to pass?
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