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President Tinubu Calls for Unity and Rebuilding of Nigeria Following Supreme Court Verdict

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Bola Tinubu

President Bola Tinubu has extended a heartfelt call to all Nigerians to join hands in the collective effort to rebuild the nation.

His appeal comes in the wake of the recent Supreme Court ruling which unequivocally affirmed his victory in the February 25 Presidential election.

In response to the verdict delivered by the John Okoro-led Panel at the Supreme Court on the Presidential Election petitions, President Tinubu expressed his appreciation for the justice administered by the court, emphasizing that it was carried out impartially and with unwavering professionalism.

“The court has done justice to all issues put up for consideration in the petitions on the merits of the law, without fear or favour,” President Tinubu remarked.

He went on to acknowledge the profound impact of the court’s judgment on Nigeria’s electoral jurisprudence and constitutional democracy, emphasizing the indelible role played by the honourable justices who presided over the matter.

President Tinubu stated that the verdict puts to rest the contentious discourse surrounding the 2023 Presidential election and underscores his unwavering faith in the judiciary.

He expressed confidence in the Nigerian judiciary’s commitment to upholding the rule of law and delivering justice to all citizens.

“My faith in our nation’s judiciary has never been shaken, not even for a moment, because I know that our hallowed courts of law will not fail to administer justice to all Nigerians in all matters and at all times,” President Tinubu asserted.

Despite the pressure and attempts at intimidation by certain political actors, the judiciary’s unequivocal commitment to upholding the rule of law was once again reaffirmed.

This outcome validates the popular mandate bestowed upon the governing All Progressives Congress (APC) by Nigerians in the 2023 election, leading to President Tinubu’s leadership during a period of significant national reforms.

With deep gratitude and humility, President Tinubu accepted the judicial victory, pledging his intense sense of responsibility and commitment to addressing the pressing challenges facing the nation.

He vowed to serve all Nigerians, regardless of their political affiliations, tribes, or faiths, with honor and respect for diverse opinions.

“Our Renewed Hope agenda for a greater and prosperous Nigeria has further gained momentum, and I will continue to work tirelessly to meet the aspirations of our citizens,” President Tinubu declared.

He urged all Nigerians to unite and channel their collective energy toward building a stronger, more united, and prosperous nation, emphasizing that the strength of the nation’s diversity and its common citizenship should drive progress.

“In the days and months ahead, I trust that the spirit of patriotism will be elevated into supporting our administration to improve the living conditions of Nigerians,” President Tinubu said. “I am prepared to welcome the contributions of all Nigerians to foster and strengthen our collective progress.”

The Supreme Court’s ruling has not only solidified President Tinubu’s leadership but also presented a new opportunity for Nigeria to move forward, guided by unity, purpose, and the pursuit of a brighter future for all its citizens.

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

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Government

Ekiti Governor Unveils Multi-Billion Naira Relief Programmes Amid Economic Crisis

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Biodun Oyebanji

Ekiti State Governor, Mr. Biodun Abayomi Oyebanji, has announced a comprehensive relief package aimed at alleviating the hardship faced by the people of the state.

The relief programs encompass various sectors to cushion the impact of the economic downturn.

One of the key initiatives entails clearing salary arrears amounting to over N2.7 billion owed to both State and Local Government workers.

This move signifies the government’s commitment to addressing the financial burdens faced by its workforce.

Furthermore, Governor Oyebanji has approved a substantial increase of N600 million per month in the subvention of autonomous institutions, including the Judiciary and tertiary institutions.

This augmentation is intended to enable these institutions to implement wage awards in alignment with State and Local Government workers’ salaries.

In addition to addressing salary arrears, the relief programs extend to pensioners, with the approval of payments totaling N1.5 billion for two months’ pension arrears.

Moreover, an increase in the monthly gratuity payment to state pensioners and local government pensioners will provide additional financial support, totaling N200 million monthly.

The relief initiatives also encompass agricultural and small-scale business sectors.

The allocation of funds for food production and livestock transformation projects underscores the government’s commitment to enhancing food security and economic sustainability at the grassroots level.

Governor Oyebanji emphasized that these relief programs are part of the state’s concerted efforts to mitigate the adverse effects of the economic downturn and foster shared prosperity.

The comprehensive nature of the initiatives reflects a proactive approach towards addressing the challenges faced by Ekiti State residents.

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President Tinubu Orders Immediate Settlement of N342m Electricity Bill for Presidential Villa

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power project

President Bola Tinubu has directed the prompt settlement of a N342 million outstanding electricity bill owed by the Presidential Villa to the Abuja Electricity Distribution Company (AEDC).

This move comes in response to the reconciliation of accounts between the State House Management and the AEDC.

The AEDC had earlier threatened to disconnect electricity services to the Presidential Villa and 86 Federal Government Ministries, Departments, and Agencies (MDAs) over a total outstanding debt of N47.20 billion as of December 2023.

Contrary to the initial claim by the AEDC that the State House owed N923 million in electricity bills, the Presidency clarified that the actual outstanding amount is N342.35 million.

This discrepancy underscores the importance of accurate accounting and reconciliation between entities.

In a statement signed by President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, the Presidency affirmed the commitment to settle the debt promptly.

Chief of Staff Femi Gbajabiamila assured that the debt would be paid to the AEDC before the end of the week.

The directive from the Presidency extends beyond the State House, as Gbajabiamila urged other MDAs to reconcile their accounts with the AEDC and settle their outstanding electricity bills.

The AEDC, on its part, issued a 10-day notice to the affected government agencies to settle their debts or face disconnection.

This development highlights the importance of financial accountability and responsible management of public utilities.

It also underscores the necessity for government entities to fulfill their financial obligations to service providers promptly, ensuring uninterrupted services and avoiding potential disruptions.

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Abuja Electricity Distribution Company Issues Ultimatum to 86 Government Agencies Over N47bn Debt

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Power - Investors King

The Abuja Electricity Distribution Company (AEDC) has issued an ultimatum to 86 government agencies, including the Presidential Villa, owing a collective debt of N47 billion.

The notice comes as a response to the prolonged failure of these agencies to settle their outstanding electricity bills.

According to the public notice released by the AEDC management, some of the highest debts are attributed to prominent entities such as the National Security Adviser (owing N95.9 billion), the Chief of Defence staff barracks, and military formations (indebted to the tune of N12 billion).

Also, several ministries, including the Ministry of the Federal Capital Territory and the Ministry of Power, have sizable outstanding bills.

The AEDC has expressed its frustration over the inability of these government bodies to honor their financial obligations despite previous attempts to facilitate payment.

In response, the company has warned of imminent disconnection of services if the outstanding debts are not settled within 10 days of the notice.

The outstanding debts are attributed to various factors including the devaluation of the naira, cash scarcity resulting from demonetization programs, high inflation rates, removal of fuel subsidies, and foreign exchange challenges.

These financial burdens have adversely impacted the operations of the AEDC, contributing to a loss of N99 million in foreign exchange alone.

As the deadline for payment approaches, government agencies are under pressure to address their outstanding debts to avoid service disruptions.

The AEDC remains steadfast in its commitment to ensuring that all entities fulfill their financial obligations, underscoring the importance of prompt payment for uninterrupted electricity services.

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