Vice-President Yemi Osinbajo says Nigeria has been losing one million barrels of crude oil daily in the last six months due to the activities of pipeline vandals.
Osinbajo, who is the head of President Muhammadu Buhari’s economic team, disclosed this on Tuesday while receiving a delegation of the Northern States Pentecostal Bishops Forum in his office at the Presidential Villa, Abuja.
Nigeria had lost at least 180 million barrels of crude oil in less than one year.
A statement signed by Osinbajo’s spokesman, Laolu Akande, read in part, “In addition to the massive fall in oil prices, the VP stated that the vandalism of pipelines had led to a worsening of the situation with the country losing about one million barrels of oil per day for up to six months now. The vandalism has equally cut power supply short since gas pipelines were also destroyed.”
According to the Vice-President, there is no country in the world that can face the kind of stealing that has taken place in Nigeria without having to deal with the consequences, including the current state of the economy.
He, however, assured Nigerians that even though the times were hard today, “there is great hope that this country will prosper.”
“This country has been badly governed. We are dealing, for instance, with the embezzlement of funds to the tune of $15bn in one sector alone.”
Osinbajo dismissed suggestions that the Buhari administration should stop blaming past governments.
He added, “We have to, that is why we are here. We have not turned attention to the oil and gas sector, where the former CBN governor alleged that $20bn was stolen. We must condemn and stand up against this level of corruption. It is the single most important reason of the current state of the country. We can’t ignore it.”
Osinbajo called on Christian and religious leaders generally to condemn corruption openly.
Responding to the views of the leader of the delegation, Archbishop John Daniel, that members of the forum had been actively involved in the fight against corruption in Nigeria, the VP said indeed the “country has been systematically destroyed.”
He added, “Our currency depreciated because we don’t have the reserves to back it. At the height of the oil boom, there were no savings.”
The senior advocate said that the recent GDP figures released last week indicated clearly there is growth in agriculture and solid minerals.
The social investment programmes, according to the Vice-President, are on course, reassuring the nation “that very soon, the 500,000 jobs scheme will take off,” alongside other schemes.
Earlier, Archbishop Daniel expressed the support of the forum for the diversification of the Nigerian economy by the Buhari administartion but asked the Federal Government to ensure that violent herdsmen were brought to book.
In his response, Osinbajo noted that Buhari had given clear instructions to the security agencies to arrest and prosecute anyone, regardless of status, who carried arms and perpetrated violence.
He, however, lamented that the justice system needed reforms to ensure speedy prosecution.
92.6 Million Nigerians Enrolled For the National Identification Number – NIMC
The Federal Government through the Corporate Affairs Commission (CAC) has stated that NIN will be a compulsory requirement for business registration.
The National Identity Management Commission (NIMC) has announced that 92.63 million Nigerians have enrolled for the National Identification Number as of November 2022.
This represents an increase of 1.9 million when compared to the 90.68 million recorded in October.
According to the recent data released by NIMC, more men have been captured than women. The data also revealed that men accounted for about 52.1 million people or 56 percent of the total people captured so far in the NIN database.
On the other hand, women represent 40.5 million or 44 percent of the total enrollment, Investors King learnt.
On a state-to-state basis, Lagos State recorded the highest enrollment with about 10.3 million. This was followed by Kano State with more than 8 million people.
Other states with substantial enrollments include Kaduna with 5.4 million, Ogun with 3.8 million, Oyo with 3.6 million, FCT with 3.2 million, Katsina with 3.1 million, Rivers with 2.7 million, Delta with 2.4 million, and Bauchi with 2.4 million.
Meanwhile, Bayelsa is presently the state with the lowest enrollments. A total of 583,323 have so far enrolled in the state. Ebonyi trailed Bayelsa with 744,869 and Ekiti’s record shows 971,712 enrollments. While Cross River, Taraba, Yobe, Enugu, Imo, Akwa Ibom and Zamfara followed with 1 million, 1.3 million, 1.3 million, 1.5 million, Imo 1.5 million, 1.5 million and 1.6 million, respectively.
In another development, the Federal Government through the Corporate Affairs Commission (CAC) has stated that NIN is now a compulsory requirement for business registration like it is with banks.
According to the Registrar of the Corporate Affairs Commission, Garba Abubakar, NIN was adopted because its security can’t be compromised, unlike the National Identity card, passport, and driver’s license, which could easily be cloned.
“If you don’t have a NIN, it means you can’t register your company. The essence is to verify the integrity of the data we are collecting,” Garba noted.
National Identification Number is the unique number created by the Nigerian government to identify Nigerians, curb crimes, deepen infrastructure in cities and generally access all citizens.
Governors Forum Replies FG, Blames Poverty on Rising Insecurity
The NGF accused the federal government of being unable to tame rising insecurity which has led to the high costs of food.
The Nigerian Governors Forum (NGF) has stated that governors could not be blamed for poverty in their respective states. The NGF accused the federal government of being unable to tame rising insecurity which has led to the high costs of food.
Investors King could recall that President Muhammadu Buhari earlier alleged that governors are pocketing funds meant for the development of the local governments.
Similarly, the Minister of State for Budget and National Planning, Clement Agba, also stated that the 36 governors were responsible for the rising poverty index in the country,
According to the Governors Forum, the rising level of poverty among Nigerians was a consequence of the biting effect of insecurity on commercial and agricultural activities.
A statement released by NGF’s Director of Media and Public Affairs, AbdulRazaque Bello-Barkindo said “It is important to put on record the progress made by state governors in the administration of their states, which have witnessed tremendous progress in recent times. Governors have undertaken projects where they, in conjunction with their people, deem them fit for purpose.
“This dereliction of duty from the centre is the main reason why people have been unable to engage in regular agrarian activity and commerce. Today, rural areas are insecure, markets are unsafe, travel surety is improbable and life for the common people generally is harsh and brutish.”
Barkindo further accused the minister of deviating from the major issues and passing blames when he and his colleague, the Minister of Finance, Budget and National Planning, Zainab Ahmed, should be implementing policies that can ameliorate the hardship Nigerians were facing.
Barkindo in the statement added that the primary duty of any government is to ensure the security of lives and property, an area he claimed the Federal Government has failed.
“But the Federal Government, which is responsible for the security of lives and property, has been unable to fulfil this covenant with the people, thus allowing bandits, insurgents, and kidnappers to turn the country into a killing field, maiming and abducting people, in schools market squares and even on their farmlands,” he said.
President Buhari Accuses Governors of Stealing LG Funds
Nigerian President, Muhammadu Buhari has once again accused state governors of stealing monthly allocation due to local government under them.
The president spoke at a parley with members of the Senior Executive Course of the National Institute for Policy and Strategic Studies, Kuru, held at the State House Banquet Hall, Abuja.
Speaking at the event, the president stated that it beats anyone’s imagination how some governors collected money on behalf of council areas in their states, only to remit just half of such allocation to the council chairmen, who would further deplete the remittance by filching it. Investors King learnt.
‘‘I found it necessary to digress after reading my speech and this digression is a result of my personal experience. What they did, this is my personal experience, if the money from the Federation Account to the state is about N100m, N50m will be sent to the chairman, but he will sign that he received N100m. The governor will pocket the balance and share it with whoever he wants to share it with,” the president narrated.
‘‘This is what’s happening. This is Nigeria. It’s a terrible thing; you cannot say the person who was doing this is not educated. He was a qualified lawyer, he was experienced, yet he participated in this type of corruption.” he queried.
Furthermore, the president clarified that state governors and local government chairmen should be held responsible for the underdevelopment in the rural areas noting that most of the local governments lack basic amenities.
Similarly, the National Union of Local Government Employees on Thursday backed the position of the president on the embezzlement and mismanagement of local government funds.
Responding to Buhari’s position, the President of the Nigeria Union of Local Government Employees (NULGE), Hakeem Ambali, said Buhari was merely stating the obvious.
The NULGE President nevertheless admonished the president to go beyond the statement and ensure governors, especially those in APC to sign the local government autonomy bill into law.
“He should go beyond that statement. He is the leader of the party, he should ask them to sign the autonomy into law; he is the leader of the governors,’’ he said.
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