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Former British Prime Minister Cameron Quits Politics

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Britain’s former prime minister David Cameron resigned his seat in the House of Commons on Monday, less than three months after losing an EU referendum in which he had campaigned to stay in the bloc.

Cameron stepped down as prime minister in June, hours after Britain’s dramatic vote to leave the European Union (EU), handing power to his successor Theresa May in July.

“The circumstances of my resignation as prime minister and the realities of modern politics make it very difficult to continue (in parliament)… without the risk of becoming a diversion,” Cameron said in a statement.

“I fully support Theresa May and have every confidence that Britain will thrive under her strong leadership,” the 49-year-old added.

The former premier was pilloried after the shock referendum defeat.

Critics accused him of recklessness in holding the vote in the first place and mismanaging the Remain campaign in the face of anti-EU populism.

His decision to stage the referendum was seen in Westminster as a bid to placate eurosceptic opponents in the centre-right Conservative Party.

His resignation from parliament is unusually quick — former prime ministers have typically retained their seats for a number of years after leaving office.

Cameron denied it was linked to May’s decision last week to let state-funded schools reintroduce selection by academic ability, a controversial move he opposed during his six years in office.

“This decision has got nothing to do with any one individual issue and that way the timing I promise is coincidental,” he told broadcaster ITV in an interview.

“Obviously I have my own views about certain issues. People know that. That’s really the point. As a former PM it’s very difficult to sit as a backbencher and not be an enormous diversion and distraction from what the government is doing,” he said.

May wished Cameron well for the future in a brief statement on Facebook.

“I was proud to serve in David Cameron’s government — and under his leadership we achieved great things,” the former interior minister wrote.

– ‘A life outside Westminster’ –
The suave Eton-educated Cameron has been MP for Witney in the rural county of Oxfordshire, northwest of London, since 2001.

At the time of his resignation as premier, he insisted he was “keen to continue” as a constituency MP and intended to seek re-election at the next general election, due in 2020.

He is not known to have taken on any other roles since stepping down. His media appearances since have been in pictures of him holidaying with his family.

“Obviously I’m going to have to start to build a life outside Westminster,” he told ITV.

“I’m only 49 and I hope I can still contribute in terms of public service and contribute to our country,” he said.

Cameron’s decision was welcomed by allies.

His former finance minister and right hand man George Osborne, who was excluded from the cabinet by May, called it a “sad day” on Twitter.

“I know how difficult this decision has been for him,” Osborne said.

Former foreign secretary William Hague added it was the “right decision”, writing: “Former Prime Ministers are either accused of doing too little or being a distraction.”

Boris Johnson — the current foreign secretary who played an instrumental role in the Leave campaign — praised Cameron on Twitter: “Sad to see @David_Cameron standing down:modernising Tory party – delivered sustained economic recovery – incredible record of public service.”

Angela Eagle, a senior lawmaker in the main opposition Labour party, told the BBC that Cameron had “put his whole country at risk to settle a debate in his own party” through the EU referendum.

“He has now walked away leaving others to clear up the mess,” she added.

The pro-Brexit Daily Mail newspaper reported the resignation as “The Crushing of David Cameron” on its front page, saying his legacy was in ruins.

Despite Cameron’s denial he quit in response to May’s school reform, The Times said the former prime minister wants the freedom to speak out on the matter.

The Daily Telegraph, popular among Conservative voters, said Cameron quit “to avoid split with May”.

Cameron’s decision to resign triggers an obscure parliamentary procedure, because lawmakers are technically not able to resign.

He was named as Crown Steward and Bailiff of the Manor of Northstead and a by-election to pick his successor will be held.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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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. 

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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.

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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.

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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. 

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President Buhari Accuses Governors of Stealing LG Funds

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Muhammadu Buhari

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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