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Nigeria Determined To Return Democratic Rule To Guinea, Says Osinbajo

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Vice President Yemi Osinbajo says Nigeria is determined to ensure a prompt return of democratic rule to Guinea after the recent military coup.

According to him, Nigeria wants the Economic Community of West African States, ECOWAS, to insist on a short transition programme that will usher in a new civilian government in that country.

Mr Osinbajo’s spokesman, Laolu Akande, in a statement, said the vice president represented President Muhammadu Buhari at the Extraordinary Summit of the Authority of Heads of State and Government of ECOWAS member-states.
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The meeting, held on Thursday in Accra, Ghana, was focused on the political situation in the Republics of Guinea and Mali.

In a communique issued at the end of the extraordinary summit, ECOWAS leaders resolved to freeze the financial assets of members of the military junta and place a travel ban on them.

They are also demanding that the junta return Guinea to constitutional rule within six months.

At the last summit of ECOWAS leaders which held virtually on Sept. 8, Nigeria, also represented by the vice president, condemned the coup de‘tat in Guinea, calling for an unconditional release of President Alpha Conde, and for stringent measures on Guinea’s military junta.

Speaking at the Accra summit, Mr Osinbajo restated Nigeria’s position on unconditional release of President Condé and called for more pressure to be put on the country’s military leaders to return the nation to democratic rule.

“It is also important that ECOWAS should simply insist that there should be an immediate return to civil rule.

“We must make sure that sanctions by ECOWAS achieve the intended objectives.”

He called for the need to engage global bodies and Africa’s development partners in taking steps to prevent such unconstitutional change of government in countries on the continent.

“I this connection, I think we should engage all well-meaning stakeholders including the AU, EU, UN, developmental partners, and financial institutions to join in taking more stringent measures by imposing travel bans and freezing of offshore financial assets of the coupists and their collaborators to ensure that they do return the country to democracy immediately.”

He reaffirmed Nigeria’s demand for unconditional release of President Conde and respect for his physical integrity.

Osinbajo urged leaders in the sub-region to also insist on a civilian-led transition.

He said that though the military junta in Guinea had started consultation with critical stakeholders towards transitioning the country Nigeria maintained its stance in condemning military intervention.

“To transparently restore constitutional order without delay,” and that such a process should be led by a civilian.

“While we condemn the development in Guinea, and affirm that no matter how popular the grievance against an elected leadership may be, the forceful seizure of power is an unacceptable assault on the dignity of a free people and their right to freely elect their leaders.

“We nevertheless must strongly urge all ECOWAS Member States to respect the principles of democracy and the constitutions of our respective countries.”

On the update of the situation in Mali, Osinbajo again commended former Nigerian President Goodluck Jonathan for his continued commitment and engagement with the various stakeholders in Mali.

He commended the efforts of stakeholders in resolving the situation in Mali and restated the call of leaders of the sub-region to the Malian transition government to strictly respect and follow the electoral time table for transition to civil rule.

“I further call for the continued support and collaboration of all major players in the country’s March towards a successful transition,” he said.

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CAP: LASG Officially Unveils Expression Of Interest

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In line with the ongoing implementation of the Certified Accreditors’ Programme (CAP), the Lagos State Government through the Lagos State Building Control Agency (LASBCA) today officially opened the Expression of Interest (EOI) for thorough evaluations at LASBCA’s Headquarters at GRA,Ikeja.

According to the Special Adviser to Mr. Governor on eGIS and Urban Development, Dr. Olajide Babatunde, CAP is an initiative of the State Government for Public/Private Partnership, designed to boost Monitoring and Inspections of all building constructions in the State for more coverage area as the government cannot do the job alone.

Olajide further explained that after the official opening of Expression of Interest, shortlisted Accreditors will be chosen based on competence, experience and their familiarity with the environment as they will be deployed to all the five divisions of the State, adding that names of successful and accredited agents would be published across the media for the general public awareness.

From left: Special Adviser to Mr. Governor on eGIS and Urban Development, Dr. Olajide Babatunde , Arc. Gbolahan Oki , GM LASBCA and Chief Resilience Officer Lagos State, Dr. Folayinka Dania



“The shortlisted Accreditors will be divided into Districts for better coverage of all the 20 LGs and 37 LCDAs of the State and they will be distributed and placed based on the numbers of building developments in that area for a seamless monitoring and stage inspections process”, he added

*He further emphasized that the State Government has the capability to carry out LASBCA’s Core Mandate but lack enough capacity for full implementation of the set goals hence, the creation of CAP.*

Olajide also hinted that the Monitoring Officers (Accreditors) will also be monitored by the State Government in order to curb excesses through unscheduled visits to sites, whistle blowing mechanism, amongst others, warning that any one that is found guilty of breaching the rules and reegulations of the Programme would be dully punished by law.

The General Manager of LASBCA, Arc. Gbolahan Owodunni Oki in his address implored prospective participants to bring their vast experience and professionalism to play for better service delivery and full actualization of set goals and objectives.

Oki further reaffirmed the State Government’s readiness and support of CAP through the provision of 60 Monitoring and Inspections vehicles by the State government in addition to the deployment of additional 67 Police Officers to the 60 already on ground to guarantee safety while on operations .

The Chief Resilience Officer of the State, Dr. Folayinka Dania in her remarks enjoined the Accreditors of their full collaboration in achieving a resilient city through their adherence to the State laid down rules and regulations for better service delivery.

One of the who be Accreditors, Engr. Wasiu Olokuola applauded the State Government’s creation of CAP and promised full dedication and commitment to the work process.

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Brazil Announces Nigeria As BRICS Partner Country

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The Brazilian government has announced the formal admission of Nigeria as a partner country in the multinational bloc known as BRICS.

This was contained in a statement by the Brazil Foreign Ministry on Friday.

According to Brazil, BRICS and Nigeria share common interests, as both actively strive to enhance cooperation among Global South countries and advocate for the reform of international organisations.

“With the world’s sixth-largest population—and Africa’s largest—as well as being one of the continent’s major economies, Nigeria shares convergent interests with other members of BRICS. It plays an active role in strengthening South-South cooperation and in reforming global governance—issues that are top priorities during Brazil’s current presidency,” the statement said.

Brazil currently holds the BRICS presidency for 2025, having taken over from Russia on January 1.

Nigeria has joined Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan as the 9th partner countries of BRICS, a category established at the 16th BRICS Summit in Kazan, in October 2024.

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Economic Reforms: The Worse Is Behind Us, Says Oyodele

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The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has assured Nigerians that the ongoing economic reforms by the Bola Ahmed administration are beginning to yield good results.

Oyedele gave the assurance in his speech while enlightening the audience on the benefits of the ongoing reforms on The Platform organised by the Covenant Nation on Saturday.

He emphasised that removing petrol subsidies is the best decision Nigeria could ever make.

“Removing subsidies is the best decision we made as a country. And we can now say that for once, subsidy is gone.

“We were living on window-dressed realities. If you look back to about two years ago, naira exchange rate was N450 depending on who you asked. But was our exchange rate really N450? If you wanted to buy petrol, it was under N200 per litre, but was it really under N200 per litre? “There wasnt band A at the time. Electricity was what time at the time, but was that really the price? A country can afford to sell petrol at N200 per litre if you can afford it. But there is everything wrong if you can not afford it.

“I am a parent and will like to send my kids to school. If I can afford a school of N200 million her term, no problem. But if I cannot, they will do just first term and wont be able to continue their education. Maybe they should go to a school of N200, 000 per term.

“So, Nigeria was doing worse than it ought to, and then we had this sense of “our economy was not doing great”. We thought thsat our economy is the largest in Africa.

“Our GDP was around N450 million dollars. We thought our per capita income is about $2, 000 per person but it was not up to that.

“Nigeria used all its revenue to service debts. We were not paying debts back o. we were just servicing it. In order what, everything other thing we did, from paying salaries to fighting Boko Haram, we were just borrowing.

“When Nigeria borrowed, we borrowed high digits and those were the funds we were using to run the economy and service debts.

“If anybody was not losing his sleep with just that alone, then, he must be from another planet. The outcome of what was happening was predictable. It was a Sri Lanka happening to us. It was a Venezuela.

“Their countries were that- you would hold money and you wouldn’t be able to get fuel to buy. There was a tile in Sri Lanka that you couldn’t drive your car everyday of the week because there was no fuel.

“Our GDP growth rate was very low. Over the past ten years less than 10 per cent. If you do it in real time, it was negative.

He explained that the Nigerian government had resorted to printing of money to spend, which according to him was the worst any country could ever do.

“Ways and Means was high. We were printing money to spend. We couldn’t borrow abroad because they said lending us was risky. We didn’t have cash flow. And the capacity to borrow locally was low. So we were printing money to spend, and that is even dangerous.

“We printed close to N40 trillion naira plus interest. And we were surprised there was inflation. Nigerians don’t realise that the invisible controls the visible. And that is because the removal of subsidies is not seen physically. It is not something you can touch.

“Even some airlines stopped flying to Nigeria because of the backlog of FX debt to foreign airlines.

He advised Nigerians to have a positive outlook on the country.

“There is nothing wrong with Nigeria. But maybe there is something wrong with the people ruling Nigeria.

“In America, people get killed every day by gunmen. But have you ever heard Americans say “May America never happen to you?’

Let’s stop saying “May Nigeria never happen to you’. Maybe we can turn it into “May Nigeria work for me”

“Going by available data, I personally believe that the worst is behind us, he said.

Since assuming office in May 2023, President Tinubu has implemented a number of reforms such as the removal of fuel subsidies and introduction of the controversial tax bills.

The removal of fuel subsidies has since spiralled into increase in prices of goods and services.

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