Politics

How NNPP survived INEC de-listing of parties, by Chairman

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The New Nigeria People’s Party (NNPP) on Thursday rolled out the drums in celebration for surviving the recent de-listing of 74 political parties by the Independent National Electoral Commission (INEC).


Dr Boniface Aniebonam, National Chairman, NNPP, told newsmen in Lagos that a lot of hard work was put in place to ensure that the party’s survival by playing by the rules and fielding candidates who won seats in the national and state legislatures.

Aniebonam said that the party was also celebrating 20 years of contributing its quota to the nation’s democracy and to bring about a new Nigeria that would meet the yearnings and the aspirations of the people.

‘’A Nigeria where God’s love and rule of law prevail. This has been our guiding principle right from inception,’’ Aniebonam said.

The chairman noted that the journey had not been easy, adding that it took a lot of sacrifice to get to where the party is at the moment.

“The task of gathering men and women that will drive the dream of the party almost left our hands burnt.

“Many of them showed later that they didn’t share our dream of a new Nigeria where politics will be a call to service and not a call to be served.

“As we are getting out of the shock, came a legislation stopping the payment of subvention to parties.

“As if that was not enough, yet another legislation de-listing 74 political parties came on board and NNPP survived it,’’ Aniebonam said.

He said that in spite of the many hurdles, the NNPP continued to remain afloat, noting that the party performed well in the 2019 general elections.

“We also fielded candidate for the Presidential Election. However the INEC disqualified our candidate at the dying minute based on age limit.

“At the end of the whole exercise, NNPP came out in flying colours, winning some seats both in the national and state legislature,’’ Aniebonam said.

The NNPP chairman urged Nigerians to key into the objectives of the party and propagate its concept of a new Nigeria.

The Nigeria News Agency reports that the NNPP is one of the parties that survived the recent de-listing of 74 political parties by the INEC.

Edited By: Bola Akingbehin/Wale Ojetimi

https://nnn.ng/how-nnpp-survived-inec-de-listing-of-parties-by-chairman/

Politics

Obaseki’s victory indicates new political era – Oyebode

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An International Law and Jurisprudence scholar, Prof. Akin Oyebode, says the victory of Mr Godwin Obaseki in the just-concluded Edo gubernatorial polls has wiped off god-father politics in Nigeria’s political culture.


Oyebode made the statement while speaking in a telephone interview with the News Agency of Nigeria in Awka on Monday on the outcome of the Edo governorship election.

According to him, the result of the election has opened a new and better era in the polity.

The Independent National Electoral Commission (INEC) declared Obaseki of the PDP winner of the election, held on Sept. 19.

Obaseki polled 307,955 votes to defeat his closest rival, Mr Osagie Ize-Iyamu of the APC, who polled 223,619 votes.

According to Oyebode, the outcome of the election is not unexpected.

“The nation’s political slate has been wiped clean.

“This should wake up the APC from its illusion and slumber and make it not to take things for granted.

“The party should become sensitive to the hopes, aspirations and interests of the suffering masses.”

Oyebode also lauded INEC, the police and other security agencies for their exemplary conduct during the election.

Edited By: Benson Iziama/Silas Nwoha
Source: NAN

 

 

 

 

https://nnn.ng/obasekis-victory-indicates-new-political-era-oyebode/
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CBN

Financial expert advises CBN on interest rates as MPC holds

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As CBN holds its 275th quarterly Monetary Policy Committee (MPC) meeting on Monday, a Financial expert, Mr Okechukwu Unegbe called for reduction of  lending rates by banks to encourage investment.


Unegbe, who is a Past President of Chattered Institute of Bankers of Nigeria (CIBN) made the call in an interview with News Agency of Nigeria in Abuja.

He suggested that the lending rate should be reviewed downwards from its present rate of about 15 per cent to encourage investor borrowings.

He said that such a step would improve job creation, poverty reduction and economic growth.

“The MPC should look at the interest rate issue, particularly lending rates by the banks.

“Deposit rate is almost zero but the lending rate is still high.

“They should consider a downward review of the lending rate so as to encourage borrowing for investment,’’ he said.

Unegbe, a former Managing Director of the defunct Citizens International Bank also urged the CBN to initiate a credit culture in Nigeria as way of further improving the economy.

He said that the bank should work with government to find ways of making resources available to help businesses survive as a result of challenges posed by COVID-19.

CBN should initiate a credit culture in Nigeria so that people can raise small monies for certain expenditure.

“There is also the need to fund the economy by assisting businesses survive economic challenges posed by COVID-19.

“That is what the American government did recently by setting aside two trillion dollars to support businesses.

“Some private schools in Nigeria, for instance, will have to close down if they do not get some form of palliatives from government,’’ he said.

He urged the committee to come out with policies through which the CBN, working with the fiscal sector, could generate employment and reduce poverty.

NAN reports that the MPC is the highest policy making committee of the CBN, which has the responsibility of formulating monetary and credit policy functions.

The 11 member committee comprises the governor of the bank who is the chairman and the four deputy governors of the bank.

Others are two members of the board of directors of the bank, three members appointed by the president, and two members appointed by the governor.

The MPC was inaugurated in 2005.  

Edited Grace Yussuf

https://nnn.ng/financial-expert-advises-cbn-on-interest-rates-as-mpc-holds/
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Economy

NASSI lauds FG on forex ban for food importers

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The National Association of Small Scale Industrialists (NASSI), has lauded the Federal Government’s ban on Foreign Exchange (Forex) allocation for importers of food items saying that the action will help Nigeria attain food sufficiency and boost exportation.


NASSI National President Chief Solomon Vongfa, said this in an interview with the News Agency of Nigeria , on Monday, in Abuja.

President Muhammadu Buhari had directed the Central Bank of Nigeria (CBN) not to implement any plan geared towards providing foreign exchange for importers of food items and fertilisers into the country.

The entrepreneur, while commending the development also urged the government to extend the patriotic stance to other sectors.

NASSI has always taken the position that Nigeria has the naturally endowed capacity to be the bread basket of Africa.

“And this means not only can we achieve self sufficiency in food production but also be a net exporter of both agricultural commodities and processed food products too,” Vongfa said.

According to him, Nigeria is already bleeding enough forex in the energy sector where we import virtually all petroleum products in spite of huge crude oil reserves and production capacity.

This, he said had put constant pressure on the naira value as government struggled to meet forex demand from other sectors, adding that forex demand routinely outstripped supply.

He said the situation had also put pressure on foreign reserves which impacted on Nigeria’s global ratings.

“We at NASSI therefore support government position here but as a footnote NASSI also wants the federal government to extend this patriotic stance to other sectors.

“So that Nigerian entrepreneurs are patronised by the state over and above imports as a matter of enforced state policy.

“An example of what government should not be doing is funding the importation of fully built Toyota Camry vehicles and others for the National Assembly while we have Nigerian car plants ready and willing to meet such orders,” he said.

The NASSI president, however, said such actions tend to demoralise entrepreneurs and dampen their patriotic zeal that it needed to foster or encourage.

https://nnn.ng/nassi-lauds-fg-on-forex-ban-for-food-importers/
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COVID-19

We are not deterred by COVID-19 to mark [email protected] – NUTAG

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The Nigeria Union of Traders Association in Ghana (NUTAG) says it is not deterred by the coronavirus pandemic to mark Nigeria’s 60th independence anniversary.


The President of NUTAG, Mr Chukwuemeka Nnaji, disclosed this in a telephone interview with the News Agency of Nigeria in Abuja on Monday.

Nnaji spoke on the sideline of preparations for Oct. 1 independence celebrations.

According to him, many programmes have been lined-up by Nigerians in Ghana to mark Nigeria’s independence in line with COVID-19 protocols.

“With or without COVID-19, Nigerians and friends of Nigeria in different sectors of Ghana, are ready to celebrate [email protected],’’ Nnaji said.

He listed an award ceremony of 60 most impactful Nigerians in Ghana as one of the events scheduled to hold on Oct. 3 as part of the anniversary.

“We always mark our independence in Ghana every year.

“Sixty years is special to the human race and as Nigerians, we are very unique when it comes to showcasing patriotism.’’

NAN reports that President Muhammadu Buhari on Sept. 16, unveiled the logo and theme for the 60th independence anniversary.

Edited By: Remi Koleoso/Abdulfatah Babatunde
Source: NAN

https://nnn.ng/we-are-not-deterred-by-covid-19-to-mark-email-protected-nutag/
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