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Ogbeha asks Buhari to use competent technocrats to tackle recession

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‎Ogbeha asks Buhari to use competent technocrats to tackle recession

 
For the federal Government to overcome the current economic melt down it has to employ the services of competent tech‎nocrats who are known to have paid their dues in the sector former Senator who represented Kogi West Tunede Ogbeha ‎has advised
Ogbeha who spoke during the maiden convocation ceremony of the Federal University Lokoja where he was honored with a merit award said to keep the country afloat in the current challenge of economic downturn Government should borrow.
Ogbeha said it is very important for Government to listen to advice as whatever is their opinion cannot be sacrosanct.
‎”I think Government should have a crack economic team that would be devoid of political interests, competent technocrats who are known to have delivered in these area.”
He said such team would be in the position to give the Government an economic blueprint that can salvage the country otherwise nothing would happen as nothing is happening now.
“I don’t want to think for the Government I am only giving what my own idea is. It is left for the Government to listen to advise as their strategy cannot be sacrosanct. It cannot be the only option.
“They must open their minds to all options and advise for them to choose which they think is appropriate for them.
‎The PDP stalwart said though the economic recession is not a game plan of the Buhari administration but it is unfortunate that they have come in to meet the recession saying that notwithstanding the average Nigerian will place the blame on him‎.
He said the onus rests on the Government to cushion the effect of the recession since that is the duty of a Government.
“I am not an economist but from my lay man point of view I think we can get out of the recession by borrowing and investing on infrastructure. 
“We need to revive the construction industry that has very large number of employers but you need to pay them to continue the road, because at the moment most of the roads are abandoned.”
Continuing he said Buhari must invest in road construction and other infrastructural facilities because they are areas that will provide employment.
On the epileptic power supply he said there must be urgent solution especially as Government itself‎ is owing the power companies a lot of money. “The last count I read in the papers was about N86B how can these companies sustain their operations if they are being so much. 
“How can investors invest in our power industry if he is not being paid what he is owed. If we don ‘t have the money yes we have the credibility to take loans and utilize the loan for job creation; in the construction, manufacturing industries and Most essentially we must invest in agriculture.”
Ogbeha wandered why Nigeria cannot feed it ‘s population saying it is ridiculous that the nation is still importing rice in spite of‎ fertile land for rice all over the place.
He commended the Buhari Government however for their strategy in turning towards agriculture and mining adding that it is a welcome development.
Ogbeha also challenged the APC Government to quickly deploy what they have recovered from the looted funds to help cushion the effect of recession.
“Recovering this money and keeping in the bank is not a solution because the common man on the street is not feeling that effect. 
‘If you have to deploy resources there must be an effect. It is not just enough to tell us that you have recovered and yet we have not seen the advantage. So if you recovered money and you deployed it appropriately and transparently as it will affect the economy I am sure people will feel the impact‎.”
Also a serving senator ‎Muhammed Hassan representing Yobe South‎ said the way forward out of the recession is to increase spending.
‎Senator Hassan indicated that‎ the issue of recession has been reviewed many times especially at the national assembly. 
“As a national Assembly we made our position very clear which has been handed over to the President. Generally speaking if you would recall the t‎he Medium Term Expenditure Framework (MTEF) has just been Presented to the National Assembly a few days ago, debate is ongoing.
“The way forward out the recession is to increase spending, Government must spend money when you spend money jobs would be created, the purchasing power of the consumer would increase and that is what we are calling on the Federal Government to do.’
He asked Government to ensure that salaries, Pensions and gratuities are paid.

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Group Promises Affordable Mass Housing For Ubarn Poor

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Group Promises Affordable Mass Housing For Ubarn Poor

Association for the Support of Urban Poor (FEDUP) has promised to deliver affordable housing for its members.
A new board was constituted after the last management was accused of embezzling over N200m for which the matter is in court.

Secretary of the association Mr. Yusuf Edego said the association is building confidence and credibility after the mismanagement that affected its clients.

He stated this yesterday in Abuja during a press briefing to let the public know the association’s effort in giving the group a new image.

Edego said with what the new management team has put on ground they believe their members and the general public will have confidence in the new team to deliver affordable housing for them.

“By a persons impact, performance, character and sincerity as well as walking the talk, with time people will see that the project is a reality”

He said the major problem as a people is lack of sincerity and that once people see that a person is sincere they will trust him to deliver.

“The major problem bedevilling the country is integrity. Many people especially in property development, more than 60% collect money from people and the public generally yet there is nothing on ground to show for it.
“That is why we removed the former executive members and then came up with elected people of integrity.
“Our chairman is a paramount ruler of impeccable integrity. I am a legal practitioner I have my law firm at Jennifer plaza Central area.
“So you have people with verifiable address. We are people that people can enquire and link up with our character.  “They know that for our records we are people of integrity and we are sure that by God’s grace they will not be disappointed”

On how he thinks people will have confidence in the association after the dent on its integrity he said it is the reason for the press conference. “Before we came we have one or two projects on ground that are verifiable that has been executed by the new executive.
“We have acquired twelve hectares at Kurudu that you can verify which you can buy and build your own house.
“Also the public can go to FCDA at the SDD department and meet the director that FEDUP claim they are in partnership with them to build about 167 housing units at Kuje.
“They are verifiable. Then the issue of 30 hectares we just acquired is still in process.
“We have the Family homes Fund which is an agency established by the Federal Government for provision of Social Houses for Nigerians so we are partnering with them by the grace of God they have agreed to sponsor the 30 hectares for the general Public

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African economic congress opens portal to select credible entrepreneurs

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African economic congress opens portal to select credible entrepreneurs

The African Economic Congress (AEC) has opened a portal to select credible entrepreneurs through its African Startup Challenge.

Mrs Nancy Illoh-Nnaji, Chief Executive Officer of the congress made this known in a statement in Abuja on Thursday.

Illoh-Nnaji explained that African Start-up Challenge was an entrepreneurship sustenance body of the Economic Congress tasked with discussing business development issues relating to
startups and small enterprises.

She said the start-up was introduced to build jobs and boost livelihoods in Africa and it also sought to infuse a culture of creativity and foster innovations.

According to her, the expected outcome
of the competition is to select winning ideas that can lead to new products,
programmes, projects and processes.

She added that this development would also help to engage young entrepreneurs eager to tackle the challenges they faced as well as global challenges through “smart solutions” that transform the economy of Africa and the world.

She said the annual competition would highlight Innovation, Technology and Originality in African Entrepreneurs.

The AEC boss noted that application had opened on October 4, and would close Oct 21, urging interested applicants to draft a short summary of startup ideas,
detailing plans on profitability and apply through startup@aecongress.org.

Meanwhile, Illoh-Nnaji disclosed that
more than 1,000 participants from all over Africa would be at African Economic Congress (AEC) from November 2 to 4 which would be held through televised virtual congress.

It will be recalled that, AEC held its maiden congress in 2019 in Abuja, Nigeria with participants drawn across the Africa continent. (NAN)

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Buhari reviews fertilizer price downwards

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Buhari reviews fertilizer price downwards

The price of fertiliser has been reviewed downwards from N5,500 to N5,000 per bag as ordered by President muhammadu Buhari.

This is inline with the Buhari administration policy of encouraging the populace to return to the farms.

The Food Security Council made the disclosure while briefing reporters at the end of the body’s meeting presided over by the Chief of Staff to the President, Prof. Ibrahim Gambari, yesterday in Abuja.
Vice Chairman of the council and Kebbi State Governor, Atiku Bagudu,
said the decision followed nomaliasation of production of the commodity since the reopening of Indorama plant in Rivers State shut after the COVID-19 pandemic claimed some lives.
Governor Abubakar Badaru of Jigawa State, who represents the North West in the council, said the council observed that the bulk purchase for palliatives was one of the factors that trigged increase in prices of foods nationwide.
He therefore, expressed confidence that the situation would normalise after the harvest season.

Badaru made the observation while addressing the media alongside his Plateau counterpart and representative of North central, Simon Lalong, the Jigawa chief executive said the trio of Coalition Against Covid-19 (CACOVID), federal and state governments were involved in the mass buying as part of measures to mitigate the adverse effects of the disease.

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