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Why Naming A Successor Is A Bad Decision For Me – Buhari

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Buhari

President Muhammadu Buhari

President Muhammadu Buhari has stated that he would not name the one who would succeed him in 2023.

The President said this on Tuesday while receiving the members of the Progressive in Academics (Pro-Acad) at the Presidential Villa, Abuja.

Buhari was asked by the group to start grooming a youth who will replace him when his second term tenure expires in 2023 but he said he wouldn’t want to create problems for himself by doing so.

He said: “Succession, to me this is very funny. Because if I did find anybody I will create more problems for him or her. Let those who want to be President try as much as I did.

Read Also: What The Next President Of Nigeria Needs To Know — Buhari

“I believe those who are interested need to know that I tried three times and the fourth time I thank God and technology, PVC. Before they announced the result on radio and television, they got the result and they said anybody who disagreed should go to court. Most of my supporters are looking for the next day’s meal, they don’t have money to give to lawyers. So I said God dey!

“So the fourth time because of technology they couldn’t rig the elections, so I won. So this time around I tried to work hard.

“So I think you have more to do as intellectuals to make sure you correct Nigeria’s intellectual development, it is very important for the next generation.

“A lot of our young people are taking things for granted. Imagine to contest elections three times and ending up in the Supreme Court, it takes a lot of conviction and hard work. But people take things for granted, they say I want to be the president. As if I just closed my eyes and opened and I got it, ” he said

 

 

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2020 Finance Bill Exempts Minimum Wage Earners From Tax: Buhari

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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.”

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

“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.”

 

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Zainab Ahmed

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.

Recall that on Saturday, Nigeria officially went into recession for the second time under President Muhammadu Buhari‘s administration.

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.

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

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.

 

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Court Remands Nigerian Senator, Ali Ndume, In Prison

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Court Remands Nigerian Senator, Ali Ndume, In Prison

Ali Ndume

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.

Also Read: Alleged Money Laundering: Court Orders Arrest Of Abdulrasheed Maina

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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