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We’ve Saved N1.4trn By Not Paying Subsidy On Fuel – Osinbajo
The Vice President, Professor Yemi Osinbajo, has disclosed that the federal government has so far saved the sum of N1.4 trillion for not paying oil subsidy.
He also assured Nigerians that very soon, the foreign exchange market would stabilise going by some radical policies already introduced by the Central Bank of Nigeria (CBN).
The vice president who spoke in Kano yesterday during the third day of the 15th Joint Planning Board and National Council on Development meeting, urged Nigerians to restore confidence in President Muhammadu Buhari’s administration, insisting that soonest, the current economic problems would become a thing of the past.
“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” he said.
“Also, a more flexible exchange rate regime, we will have to decrease the pressure on the external reserve. In the short run of course, there should be consequences for inflation. We expect that with greater priority we have seen in the implementation of the policy by the CBN, the foreign exchange market will stabilise and confidence will be restored.
“The adoption of Sustainable Development Goals (SDGs) in September 2015 was intended to place our world on the part of sustainable development by the year 2030. The 17 SDGs, which combined economic, social and environmental objectives, are intended to be universal, unlike the Millennium Development Goals (MDGs) which were made solely for developing countries.”
“The universal application of the SDGs and their 169 targets show that they are a menu of options, this allows the implementation to take count of different national realities, capacities, policies and priorities.
“In the Nigerian context, some of the issues that must engage our minds will lead to economic diversification, sustained economic growth, eradication of extreme poverty, promoting social inclusion, creating jobs, sparring environmental degradation, including climate change.
“The empirical evidence from across the globe has shown that national strategic planning is very critical for attaining structural transformation and sustainable development. The countries of East Asia have proved this convincingly, even though their development was private-sector driven.
“Strategic plans largely provide direction, coherence and coordination and they are a veritable framework for guiding the activities of all stakeholders towards achieving a common goal, planning specifics such as goals, target and indicators which embodies the SDGs, also enables tracking, monitoring and evaluation.
“The successful implementation of strategic plans and attainment of the SDGs entails partnership, as encapsulated in the 17 objectives which is about the need to create labour partnership in order to attain sustainable development.
“Accordingly, just as the federal government seeks international partnership at the global level with regards to rules and resources, we also seek partnership at the national level. Such domestic partnerships entails working closely with the states which is one of the main reasons for the establishment of the NCPP.
“Other essential partnerships are also built with other sectors of society, especially, the private sector, which is the indisputable engine for growth in successful economies.
“Let me speak briefly about some of the things that the Buhari administration is doing with regard to strengthening short and medium term planning. We have strengthened the link between budgeting and strategic planning by merging the National Planning Commission with the Budget office of the federation.
“We have adopted zero base budgeting, which compels the interrogation of public expenditure at micro levels and allows effective deployment of limited financial resources to areas and sectors with the greatest need.
“We have used the short term strategic implementation plan to guide the 2016 budget; and just yesterday (Wednesday), the Federal Executive Council approved the medium plan expenditure framework and the fiscal strategy paper which are fully consistent with the SDGs and the African unions agenda 2063. These are the priorities of the federal government in the areas of tackling insecurity, combating corruption and growing the economy which would undoubtedly find expression in any medium term plan.
“The same is true for the policy interventions in the strategic implementation plan, notably, with regard to the policy, security and governance, diversification of the economy, power, rail and roads, oil and gas performance, ease of doing business, and social investment. The commitment of the Buhari administration to promote broader micro economic and structural reform; and this is made in our push to mitigate supply-side constraint.”
In his remarks, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, urged the states to complement the federal government’s effort in the area of agriculture and solid minerals development.
He said this was necessary in view of the fact that the country is endowed with arable land for massive production of food.
“The states may wish to target some selected crops for massive production of such commodities.
“They can boost production through the formation of farmers cooperatives for easy access to loan facilities,” he said.
He said the state could also undertake infrastructural development such as roads to ease evacuation of farm produce.
“This will promote economic growth through the creation of job opportunities for the teeming number of unemployed youths in the country,” he said.
He added that the federal government is committed to restructuring of the Bank of Agriculture (BoA) to enable it land a single digit interest rate.
Also speaking, the Kano State Governor, Dr. Abdullahi Ganduje, represented by his Deputy, Professor Hafiz Abubakar, said the state government would collaborate with all the relevant stakeholders for the implementation of the recommendations of the meetings.
“Political Titan Zailani: The Driving Force Behind Kaduna’s Victory”
In the dynamic and often tumultuous landscape of Nigerian politics, the influence of steadfast leaders is a crucial determinant of electoral success. One prominent figure whose unwavering support and strategic foresight have consistently shaped the political narrative in Kaduna State is Rt. Hon. Yusuf Ibrahim Zailani of Igabi Local Government Area.
This insight emerged from a recent press conference organized by the Zailani Absolute Care Foundation, articulated by Comrade Tasiu Musa, Chairman of the Foundation, and supported by the signature of Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi/Betara Biu.
Zailani’s political journey, marked by steadfast loyalty to the progressive bloc, has been a significant factor in the political discourse since the days of the All Nigeria Peoples Party (ANPP), through the Congress for Progressive Change (CPC), and continuing into the ruling All Progressives Congress (APC). His consistent support during a politically charged period from 2007 to 2015, dominated at times by the rival Peoples Democratic Party (PDP), showcased his resilience and deep connection with constituents, cementing his position as a political stalwart.
The latest escalation of Zailani’s impactful legacy culminated in his crucial role during the recent gubernatorial election in 2023. Political analysts underscore the instrumental position of Igabi Local Government Area in this transition, where the groundwork for His Excellency, Senator Uba Sani, played out with remarkable intensity.
Governor Sani’s visionary leadership indeed inspired the electorate, but translating this enthusiasm into votes required an exceptional grassroots mobilization effort. Zailani, alongside dedicated allies such as Hon. Muhammad Abubakar Mamadi and Hon. Salisu D. Bala, exemplified a masterclass in political engagement. They left no stone unturned, actively connecting with constituents to ensure their voices were heard at the polls. This approach starkly contrasted with actions of other political figures Hon. Hussaini Jalo, Hon. Bashir Idris Aliyu Zangon Aya, and Hon. Bello Maaji who were reportedly involved in attempts to undermine the APC’s quest for victory.
Following the elections, the differentiation between consistent performers and less committed party members became evident. Figures like Hajiya Rabi Salisu and Hon. Aliyu Saidu faced scrutiny regarding their tangible contributions to the electoral triumph, prompting inquiries about their electoral participation and loyalty to the party’s objectives.
Moreover, recent events have raised alarms regarding discipline and loyalty within party ranks. A recent incorrect recommendation for party executives, revealing that approximately 30 percent of nominees were not registered party members, has been met with widespread condemnation as a serious breach of party integrity.
As Kaduna State strides forward under Governor Uba Sani’s dynamic leadership, the lessons learned from Igabi are unmistakable: enduring political success is built on a foundation of loyal, competent, and strategically astute support. The narrative of Kaduna’s political history is incomplete without acknowledging the formidable influence and unwavering commitment of Rt. Hon. Yusuf Ibrahim Zailani, who has consistently transformed his constituency into a stronghold of progressive victory.
PROPHET KINGSLEY AITAFO MARKS BIRTHDAY WITH MESSAGE OF FAITH, SERVICE
LAGOS, NIGERIA — Renowned cleric, Prophet Kingsley Aitafo, is being celebrated today by followers, associates, and members of the Christian community as he marks his birthday, with tributes pouring in to honor his spiritual impact and years of dedicated service.
The birthday of the respected prophet has become more than a personal milestone, as admirers describe it as a moment to reflect on a life devoted to faith, leadership, and humanitarian outreach.
Known for his passionate teachings and prophetic ministry, Aitafo has built a reputation as a voice of hope to many within and beyond Nigeria.
Close associates say the cleric’s journey has been defined by unwavering commitment to spiritual growth and the upliftment of lives. Through his ministry, he has continued to emphasize prayer, discipline, and a deep connection with God as pathways to personal transformation.
In commemoration of the occasion, special prayers and goodwill messages have been organized by followers across different platforms, many of whom credit his teachings for inspiring positive change in their lives.
“His life is a testimony of grace and dedication,” one associate noted. “He has remained steadfast in his calling, impacting countless lives with messages of faith and encouragement.”
Observers also highlight his role in mentoring young believers and providing spiritual guidance in challenging times, describing him as a leader whose influence extends beyond the pulpit.
As he celebrates another year, well-wishers have continued to pray for greater strength, wisdom, and expansion of his ministry, expressing confidence that his influence will continue to grow in the years ahead.
Today’s celebration stands not only as a birthday tribute, but as a recognition of a life many say has been committed to service, faith, and the advancement of the gospel.
celebrity radar - gossips
BURATAI HAILED AS ‘FRONTLINE GENERAL’ AS PRAISE TRAILS MILITARY, DIPLOMATIC SERVICE
BURATAI HAILED AS ‘FRONTLINE GENERAL’ AS PRAISE TRAILS MILITARY, DIPLOMATIC SERVICE
ABUJA — Former Chief of Army Staff, Tukur Buratai (Rtd), has been described as a “frontline general” whose leadership redefined military command during Nigeria’s prolonged battle against insurgency.
The commendation, contained in a statement by KPUGHUR Sunday Christopher, highlighted Buratai’s direct involvement in combat theatres, noting that his decision to lead from the front distinguished him from many of his contemporaries.
According to the statement, the retired army chief’s presence in conflict zones at critical moments of the war effort underscored his commitment to national security and territorial integrity.
“He was not a distant commander. He was present where it mattered most,” the statement said.
The tribute also emphasized Buratai’s reputation as a detribalized leader, stressing his consistent advocacy for unity and peaceful coexistence across Nigeria’s diverse population.
Observers note that his tenure coincided with some of the country’s most challenging security periods, during which the military recorded significant operational strides against insurgent groups.
Beyond his military career, Buratai’s subsequent diplomatic engagement was also cited as evidence of his versatility in national service.
The statement concluded that his continued involvement in national discourse after retirement reflects a sustained commitment to Nigeria’s progress, describing him as “a statesman whose service transcends uniform.”
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