The race for the position of British Prime Minister, Liz Truss began even before she turned in her resignation letter. A number of names have been taunted as possible replacements. Some of the prominent names include the former British Prime Minister, Boris Johnson, Former British Finance Minister, Rishi Sunak and British current Finance Minister, Jeremy Hunt.
Investors King had earlier reported that U.K. Prime Minister Liz Truss Resigns After 45 Days in Office.
Truss, who became Prime Minister on September 6, ran into trouble when her Finance Minister, Kwasi Kwarteng announced the administration policy of a 45% tax cut for the rich.
British Pounds plunged to a 37-year low immediately after the policy was announced while analysts within and outside the country started criticising the policy and the need for an urgent reversal.
While Liz Truss will remain in place as caretaker prime minister until a successor is named, a leadership contest is expected to take place over the next week.
Some of the top contenders for the position are listed below:
The 58-year-old former prime minister has been taunted to return to his former position. He was seen as agile, active and charismatic. He also superintends over the Brexit vote which is one of the factors influencing the present social, and political-economic conditions of the United Kingdom.
Johnson previously enjoyed high levels of popularity until losing credibility in the final months of his premiership amid political scandal around Covid-19 rule-breaking and his links to disgraced MP Chris Pincher.
Former culture secretary and close Johnson ally Nadine Dorries tweeted Thursday that he was the only MP with “a mandate from party members and the British public,” having won the 2019 General Election.
Jeremy Hunt was the British finance minister brought in to replace Kwasi Kwarteng. He is assumed to be one of the most influential personalities in the British Government.
He has previously held several senior government positions, including foreign secretary, health secretary and culture secretary.
However, Jeremy has potentially exited himself from the race. Hunt hinted that he would not run, telling Sky News: “I rule it out, Mrs Hunt rules it out, three Hunt children rule it out.”
Sunak is a former Chancellor of the Exchequer (finance minister) who keenly contested against Truss.
He looks like the favourite having warned Truss about her unfunded tax cuts saying it would be disastrous for Britain. He said they would bring panic in the bond market and concern from the International Monetary Fund.
Sunak has experience in economic crisis-fighting, having guided the UK through the COVID-19 pandemic.
He also secured the most votes from MPs in the last leadership election – comfortably clearing the new threshold with 137 endorsements. Although Truss eventually won the decisive members’ vote, Sunak only lost narrowly – with 43% of the vote.
Mordaunt is the Leader of the House of Commons who also has the capacity to be the PM. She may have had a dress rehearsal for being PM this week, after stepping in for an absent Truss at a debate.
“The prime minister is not under a desk,” Mordaunt said on Tuesday in an occasion that appeared as much about pitching herself as it did about helping the PM.
She came third in the last leadership election, narrowly missing out on being put before the members. With 105 votes from MPs in the last election, she too is expected to clear the new threshold.
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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