President Muhammadu Buhari on Tuesday arrived Abidjan, Cote d’Ivoire, for the 5th European Union-African Union, EU-AU, Summit slated for November 29 and 30.
The President was received at the Houphet Airport by Ivoiren President Alassane Ouattara.
Those on the President’s entourage include governors Emmanuel Udom of Akwa Ibom and Mohammed Abubakar of Bauchi State, Asiwaju Ahmed Tinubu, as well as some ministers.
The Minister of Foreign Affairs, Geoffrey Onyeama, led the Nigerian delegation to receive the president at the airport.
The President of African Development Bank, Akinwunmi Adeshina; Ministers of Youth and Sports, Solomon Dalung; Minister of Interior, Abdulrahman Dambazzau; and the National Security Adviser, Babagana Munguno; also welcomed the president at the airport.
Others at the airport included Nigeria’s ambassador, Ibrahim Isa; Senior Special Assistant on Diaspora Affairs, Abike Dabiri-Erewa; and some embassy officials, as well as representatives of Nigerians resident in Cote d Ivoire.
A statement earlier issued by Femi Adesina, the Special Adviser on Media and Publicity to the President, said Mr. Buhari would participate in working sessions on the summit theme: “Investing in Youth for Sustainable Development.”
He said that on the margins of the summit, Mr. Buhari would meet with a number of African Heads of State and their EU counterparts.
2020 Finance Bill Exempts Minimum Wage Earners From Tax: Buhari
President Muhammadu Buhari has revealed that the recently proposed 2020 Finance Bill will exempt workers earning the minimum wage from paying tax.
Buhari disclosed this on Monday in a speech delivered virtually by Vice President, Yemi Osinbajo at the opening session of the 26th Nigerian Economic Summit Group Conference themed: “Building Partnerships for Resilience.”
“We are proposing in the new Finance Act that those who earn minimum wage should be exempted from paying income tax,” he was quoted as saying in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Laolu Akande.
“These provisions which complement the tax breaks given to small businesses last year will not only further stimulate the economy but are also a fulfilment of promises made to take steps to help reduce the cost of transportation and the impact of inflation on ordinary Nigerians.”
Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister
Minister of Finance, Budget and National Planning, Zainab Ahmed has revealed that Nigeria would emerge from recession in the fourth quarter of this year or by the first quarter of 2021.
Speaking on Monday at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, Zainab said the current recession would be short-lived.
She blamed COVID-19 for the current recession, saying it followed the pattern across the world where many countries had entered an economic recession.
“Nigeria is not alone in this, but I will say that Nigeria has outperformed all of these economies in terms of the record of a negative growth,” Ahmed said.
Court Remands Nigerian Senator, Ali Ndume, In Prison
Senator Ali Ndume, the lawmaker representing Borno South Senatorial district has been ordered on Monday by a federal high court to be sent to prison.
The order follows his inability to produce Abdulrasheed Maina, the former Chairman of the defunct Pension Task Team, whom he stood as surety for in his corruption and money laundering trial.
The high court, sitting in Abuja was presided over by Justice Okon Abang and ordered Senator Ndume to be remanded in Kuje correctional centre.
Justice Abang, however, gave three conditions upon which Ndume can regain his freedom namely payment of N500m bail bond into the Federation Account of the Federal Government and present evidence of such payment in court or the FG sells the property situated in Asokoro, Abuja which Ndume pledge as security for the bond and present evidence of sale and payment of the N500m realised into the Federation Account or he (Ndume) produces Maina, who is believed to have now jumped bail, in court.
Shortly after the pronouncement by the Judge, Senator Ndume was led away from the courtroom by security operatives.
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