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There Are No Quick Solutions To Nigeria’s Problems – Adeosun

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Kemi Adeosun

Finance Minister, Mrs Kemi Adeosun, said, yesterday, that there were no quick solutions to Nigeria’s problems.

Adeosun, who spoke on Channels Television breakfast programme, Sunrise, in Lagos, was reacting to assertions by the former Education Minister, Oby Ezekwesili, that President Muhammadu Buhari’s economic policies were archaic.

Ezekwesili had, as a guest on Platform, a programme organised by The Covenant Christian Centre last Monday, advised the President to review his policies, saying they were not benefitting the masses.

However, speaking on the television programme, Adeosun dismissed Ezekwesili’s position, maintaining that the federal government had plans to revitalise the economy, noting, however, that there were no quick solutions to the nation’s current economic woes.

“I disagree with Mrs Ezekwesili …,” Adeosun said. “The present government does not operate a command-and-control economic system as alleged by the former minister.

“What we are now trying to do is reset the economy so that we never end up in this situation again; and how do we do that? We have to have a more diversified economy, a more diversified revenue base.

“If you look at oil, its only 13% of our GDP but it represents 70% of government’s revenue, which means if anything happens to oil, it affects everybody.

“The question we are trying to now resolve is: The remaining 87% of GDP, why is it contributing so little to government’s revenue? If we are able to have those other revenues, which are much more stable, predictable and less volatile, then if the oil price goes down, we’ll be able to maintain some level of stability.

“We have looked at what government has been spending money on; only 10% was spent on capital, while 90% was spent on recurrent items as salaries, travelling, training and so on and those things don’t grow the economy; capital (expenditure) is what grows your economy.

“This budget that is being finalized has a 30% commitment to capital and we have said we want to maintain that commitment.

“There are no quick solutions to the current economic woes. We are going to pump N350 billion into the economy until we see growth. The job will be done painstakingly, and we will come out of it better,” Adeosun said.

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

Bello Matawalle

Governor of Zamafara, Bello Matawalle has announced the release of 11 kidnapped victims.

According to reports, ten of the victims were male and a female from Bukkuyum Local Government Area.

Matawalle received the rescued kidnapped victims on Saturday night at the Government House in Gusau, the state capital.

The Commissioner of Security and Home Affairs, Abubakar Muhammed Dauran revealed that the victims were released without paying a ransom.

Also Read: Nigeria still needs SARS, Zamfara gov, Matawalle insists

He stated they were released as a result of the peace initiative and stakeholders meeting summoned by Governor Matawalle with all critical stakeholders from Bukkuyum Local Government Area on Thursday.

Governor Matawalle assured that his administration will not rest on its oars until total peace is achieved in all parts of the state.

 

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Police Confirm Abduction Of Nasarawa APC Chairman

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Police Confirm Abduction Of Nasarawa APC Chairman

Police

The Chairman of the All Progressives Congress (APC) in Nasarawa State, Philip Shekwor, has been kidnapped by unknown gunmen.

According to reports, Shekwor was abducted on Saturday night at his residence along Dunamis church, Bukan Sidi in Lafia.

Also Read: Gunmen Attack Police Station In Ibadan; Kill Police Corporal

Confirming the incident, Police Commissioner Bola Longe said the unidentified gunmen in large number stormed the residence of the APC chairman in Lafia around 11 pm and took him away to an unknown destination.

According to him, security agencies had reacted swiftly by deploying personnel to different forest locations to ensure the safe release of the APC chieftain.

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