What You Should Know About Tinubu’s Europe Trip-Bolarinwa
Tinubu is a globally recognized figure with a deep understanding of international dynamics. Over the years, he has fostered friendships and established connections not only within Africa but also beyond its borders.
Dr. Joshua Bolarinwa, a Senior Research Fellow at the Nigerian Institute of International Affairs (NIIA) and an expert in International Relations, has stated that the President-elect, Senator Bola Tinubu’s recent trip to Europe is a clear indication of his meticulous preparation for governance.
Speaking to the News Agency of Nigeria (NAN) in Lagos, Bolarinwa emphasized that Tinubu is a globally recognized figure with a deep understanding of international dynamics. Over the years, he has fostered friendships and established connections not only within Africa but also beyond its borders.
Bolarinwa specifically highlighted Tinubu’s working visit to Europe, as mentioned by his media aide, Tunde Rahman. According to Rahman, the trip serves as an opportunity for Tinubu to strategize his transition plans, deliberate on policy options, and engage with key aides without unnecessary pressures or distractions.
“During the visit, the President-elect will engage with investors and other key allies, with the goal of marketing investment opportunities in the country and his administration’s readiness to enable a business-friendly climate through policies and regulations”.
The President-elect’s objectives during the visit include attracting investors and strengthening alliances, with a focus on showcasing investment opportunities in Nigeria. Additionally, Tinubu aims to highlight his administration’s commitment to fostering a business-friendly environment through favorable policies and regulations.
“All that should occupy his mind should be how to set the ball rolling immediately he is inaugurated as the president of Nigeria.
“I believe that all plans are in place for him to start in a very strong manner not only efficiently, but effectively well”.he noted.
Bolarinwa emphasized that the timing of Tinubu’s working visits is crucial. He stressed the significance of proper planning, stating that those who fail to plan are essentially planning to fail. Tinubu’s current focus should be on hitting the ground running immediately after his inauguration as the President of Nigeria.
“Tinubu has an understanding to assemble professionals who would deliver very well. I think all of these are involved in why he is in Europe currently,” he said.
The International Relations expert expressed confidence in Tinubu’s ability to excel, citing his proven capacity, capability, and understanding of Nigerian politics and the local environment. Tinubu’s extensive experience in governance and his track record as the former Governor of Lagos are seen as strong assets.
Bolarinwa also highlighted the potential positive impact of Tinubu’s administration on Nigeria’s international image. He called on the President-elect to replicate his successful initiatives as Governor of Lagos, particularly in the areas of promoting unity, investing in youth development, education, and healthcare.
In conclusion, Bolarinwa expressed his belief that Tinubu’s current visit to Europe is aimed at finalizing his programs and assembling a team of competent professionals who will contribute to the success of his administration.
Breaking: FG To Meet NLC Today Over Fuel Subsidy Removal
The Federal Government of Nigeria is set to hold a meeting with the leadership of the Nigeria Labour Congress (NLC) today at 2 pm to discuss the planned removal of fuel subsidy.
This development was revealed by NLC National President, Joe Ajaero, during an interview on Channels Television’s Sunrise Daily program.
Ajaero stated that while President Bola Tinubu may have good intentions, the Labour Congress insists that alternatives must be provided. He emphasized the need for the President to understand the implications of fuel subsidy removal on the Nigerian populace and consider the welfare of the people.
Among the alternatives proposed by the NLC are the repair of the country’s four refineries and the provision of transportation alternatives for Nigerian workers, among other measures.
In a separate statement, the Independent Petroleum Marketers Association of Nigeria (IPMAN) expressed support for the deregulation of the oil sector and the removal of fuel subsidy, believing that it is necessary for Nigeria’s progress.
President Tinubu had announced the end of fuel subsidy in his inaugural speech on Monday, stating that the 2023 budget does not allocate funds for subsidy payments. Instead, the government plans to redirect funds towards infrastructure and other sectors to strengthen the economy.
However, the Trade Union Congress of Nigeria (TUC) argues that the President cannot unilaterally decide on subsidy removal. They pointed out that the previous administration under Muhammadu Buhari intentionally left the “sensitive issue” for the new government to address.
Since the President’s announcement, fuel queues have reappeared across the country as Nigerians search for fuel, with prices ranging from N300 per liter and above.
Further updates on this matter will be provided.
El-Rufai’s legacy as successor inherits N80bn, $577m debt
Former Governor Nasir El-Rufai of Kaduna State stated on Monday that he left the state in a better condition than when he assumed office in 2015.
He highlighted the initiation of legacy projects that empowered the citizens during his tenure. El-Rufai also disclosed that he left N5 billion and $2.05 million in the state treasury. However, he acknowledged leaving behind a domestic debt of N80.60 billion and a foreign debt of $577.32 million for the new administration.
El-Rufai expressed optimism that the incoming government would settle all inherited liabilities, complete ongoing projects, and initiate new ones. He mentioned receivables for reimbursements of infrastructure and security spending from the Federal Government, as well as accumulated stamp duties receipts, which would contribute to the state’s finances.
Meanwhile, Senator Uba Sani was sworn in as the new Governor of Kaduna State. In his inaugural speech, he emphasized that his administration would prioritize the well-being of all citizens, regardless of religion, ethnicity, or political affiliation. The governor announced the renaming of the famous “Rabah Road” to “Nasir El-Rufai Road” in honor of the late Sardauna of Sokoto and Premier of Northern Nigeria, Sir Ahmadu Bello.
Governor Sani pledged to govern with inclusiveness, fairness, justice, and equity. He emphasized that there would be no settler/indigene dichotomy in Kaduna State, as all residents were considered equal with the same rights, privileges, and responsibilities. He assured the people that his government would serve all citizens and assemble a competent team to effectively manage the affairs of the state.
Panic as petrol price jumps to N350/ltr
The removal of petrol subsidy in Nigeria has caused a significant uproar in the downstream sector of the petroleum industry.
As consumers flocked to petrol stations, operators wasted no time in implementing a sharp increase in pump prices. This sudden price hike has also led to commercial transporters raising their fares nationwide.
During his inaugural speech, President Bola Tinubu made it clear that the era of petroleum subsidy was over. Investigations in Lagos revealed that some marketers responded by doubling the price from N185 to N370 per litre. However, a few major marketers maintained prices between N195 and N220 per litre in Lagos and Abuja.
The situation worsened as some petrol stations decided to close their operations, resulting in long queues at the remaining stations. Depot owners also halted their activities, arguing that they needed further clarification on the implementation of the new policy.
In Abuja, motorists faced long queues at petrol stations as they grappled with the subsidy removal. Meanwhile, commuters found themselves stranded at bus stops, waiting for buses that were either caught up in the frenzy or had raised fares by 50 to 100 percent due to the fear of impending scarcity.
One disgruntled motorist, expressing their frustration, criticized President Tinubu’s decision, stating that it was a punishment for the already economically burdened Nigerians who had endured the previous administration of President Muhammadu Buhari.
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