In demonstration of his readiness to do closer business with Nigeria, United States President Barrack Obama will be breaking his administration’s tradition when President Muhammadu Buhari arrives in Washington D.C. on a state visit on Monday next week.
The American leader will host President Buhari as his personal guest at the Blair House, right opposite the White House.
When President Muhammadu Buhari arrives in the United States of America on Monday next week, he will be hosted at the Blair House, the official guest house of the American President, NewsDay has learnt.
This is in clear departure from the American government’s attitude to visiting Heads of State, particularly African leaders.
It is also in demonstration of US President Barrack Obama’s admiration of President Buhari and to support the Nigerian leader’s acclaimed frugal lifestyle and disdain for ostentatious lifestyle.
The decision to host President Buhari in the official Guest House of the United States President will not only cut down the cost of the trip but also allow time for informal discussions by both leaders.
Buhari is said to have pegged his entourage at 32, a clear departure from the immediate past administration of President Goodluck Jonathan who was once reported to have embarked on a two-day trip with a team of about 100 persons.
It was also learnt that although the Nigerian protocol unit had planned the trip to be for two days, the US government offered to accommodate the visitors of three days.
During official visits to Washington D.C. while in office, former President Jonathan and his entourage usually stayed at the Westin Grand Hotel. At other times, he booked Waldorf-Astoria Hotel and the Pierre Hotel.
During the coming visit of the Nigerian new leader, according to sources, Presidents Buhari and Obama will exchange “wish lists.”
These will contain the requests of both leaders from each other, as well as firm pledges on how they plan to come to each other’s aid.
It was learnt that top on the US government’s pledges is greater assistance in the fight against terrorism. In return, the US government wants Nigeria to show greater commitment to war on corruption, particularly transparency in public service.
According to Wikipedia, the Blair House is located at 1651–1653 Pennsylvania Avenue NW in Washington, D.C., opposite the Eisenhower Executive Office Building of the White House, off the corner of Lafayette Park.
The main house was built in 1824. The original brick house was built as a private home for Joseph Lovell, eighth Surgeon General of the United States Army. In 1836, it was acquired by Francis Preston Blair, a newspaper publisher and influential adviser to President Andrew Jackson. It would remain in his family for the following century.
In 1859, Blair built a house for his daughter and son-in-law, Elizabeth Blair Lee and Captain Samuel Phillips Lee, at 1653 Pennsylvania Avenue, next door to Blair House at 1651 Pennsylvania Avenue. Captain Lee (later an admiral) was a grandson of Richard Henry Lee and third cousin of Robert E. Lee. The houses have since been combined, and the complex is sometimes referred to as the Blair-Lee House, though Blair House is the official name today.
Governors, Labour kick as NNPC presents N3tr subsidy bill to FEC
The controversies surrounding continued payment of fuel subsidy may not have ended as the Nigerian National Petroleum Corporation (NNPC) Limited, yesterday, presented a bill of N3 trillion for deliberations at the Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari.
According to the Minister of Finance Budget and National Planning, Zainab Ahmed, N3 trillion is the amount required to continue to subsidise petroleum products for the 18 months extension recently approved by the Presidency.
Ahmed, who broke the news to State House correspondents, explained that FEC considered the request so as to make additional funding provisions that will enable government meet incremental fuel subsidy payment in the 2022 budget.
According to her, only N443 billion is currently available in the 2022 budget meant to accommodate subsidy from January to June.
Buttressing the position of the government, she said with current realities on ground, especially the poverty rate on the part of Nigerians, the NNPC presented a request for N3 trillion to the Ministry of Finance for 2022.
“What this means is that we have to make incremental provision of N2.557 trillion to be able to meet subsidy requirement, which is averaging about N270 billion per month.
“In 2021, the actual under-recovery that has been charged to the Federation was N1.2 trillion, which means an average of N100 billion, but in 2022, because of the increased crude oil price per barrel in the global market, now at $80 per barrel, and also because an NNPC’s assessment shows that the country is consuming 65.7 million litres per day, we will end up with an incremental cost of N3 trillion in 2022.
“Having taken into account the current realities; increased hardship in the population, heightened inflation and also that measures needed to be taken to enable a smoother exit from the fuel subsidy regime are not yet in place, it was agreed by Council that it is desirable to exit fuel subsidy at a conducive time.”
She revealed that the Council directed the ministry to approach the National Assembly for an amendment to the fiscal framework, including the budget.
BUT the Nigeria Governors’ Forum (NGF) and the leadership of the Nigeria Labour Congress (NLC) have blamed the NNPC for the mismanagement of the proceeds accruing from oil.
They have also resolved to enter into working partnership to investigate consumption and distribution figures released by NNPC regarding petroleum products. The NGF disclosed this, yesterday, at its meeting with labour leaders, led by NLC President, Comrade Ayuba Wabba, to deliberate on the fuel subsidy removal issue.
A statement by NGF’s media adviser, AbdulRazaque Bello Barkindo, disclosed that “both parties agreed that the lacuna in the subsidy removal agenda was hidden in the untruths bandied by the administrators of the subsidy, particularly the NNPC, which both groups identify to be at the forefront of the mismanagement of the proceeds that accrued therein.”
Delivering his opening remarks at the meeting, which was also attended by the Trade Union Congress (TUC) president and a host of other leaders of organised labour in the country, NGF chairman and governor of Ekiti State, Kayode Fayemi, argued that the nation’s economy is at the precipice and that it has become necessary for the two groups to carefully verify all NNPC’s estimates, to ensure that whatever action is taken on subsidy will be to the benefit of the people and not a few wealthy individuals and their cronies.
The NGF chairman, who led a delegation of governors Simon Bako Lalong of Plateau State and Godwin Obaseki of Edo State, to the meeting, stressed that governors cannot ignore the economics of petroleum, arguing that all the countries surrounding Nigeria, including Niger, Mali, Cameroun and Ghana have their fuel pump price at the equivalent of a U.S. dollar.
“Nigeria has a pump price that is far less than a dollar and is uncomfortable with the removal of subsidy until the challenge of what the NNPC is telling the country is confronted frontally.
“We need a partnership with the NLC to confront the challenges of what the NNPC is about, because there is a lot of fraud in the consumption and distribution figures that the country is getting and we can only move forward if the NLC engages all those who are knowledgeable in the field like PENGASSAN to conduct a thorough research into the sector before any further action is taken on subsidy,” Fayemi said.
He added that only about eight states are benefitting directly from the subsidy while all the others have to contend with the situation on their own.
Commenting, Obaseki warned that the country has a choice of continuing to behave “like Father Christmas (Santa Claus) or take concrete actions on a problem that is permanently with us rather than throwing away N3 trillion on subsidy.”
The Plateau governor, who like Obaseki, joined the meeting virtually, recalled that the NGF had spent three years on this matter. He stated: “We must find options and create opportunities that address the hardships that stare our people in the face.”
The unionists, according to the statement, argued that the conflicting figures that always came from managers of the petroleum sector had always tended towards inefficiency, which have remained, and to organised labour, completely objectionable.
Wabba and TUC president, Quadri Olaleye, wondered why the subsidy issue had always been shrouded in secrecy on the part of government.
Also, NLC National Deputy President, Comrade Bello Ismail, has advised the Federal Government against any attempt to increase the pump price of petroleum products during the tenure of this administration that would terminate in 2023.
Ismail, who addressed Kaduna State workers on the outcome of the suspension by the Federal Government of its initial plan to hike the pump price of petrol, said labour would continue to watch any action of the Buhari administration and ensure it did not increase pump price of fuel in future.
MEANWHILE, the Presidency, yesterday, reiterated the concerns of the Organised Private Sector (OPS) that Nigeria would have to pay a price to continue subsidising petrol, adding that the country may be left with no other choice than to continue borrowing to shoulder its fiscal overhead.
The President’s Special Adviser on Media and Publicity, Femi Adesina, said this when he featured on Channels Television’s Sunrise Daily programme yesterday. He said petrol is not deregulated by the Federal Government, as the price is sold at between N162 and N165/litre at filling stations, far lower than the actual cost of the commodity.
In June 2021, the Group Managing Director of NNPC, Mele Kyari, stated that petrol price should be more than N280/litre, while the commodity had been subsidised and sold at N162/litre since last year.
Gunmen kidnap Ex-President Jonathan’s cousin in Bayelsa
Former President Goodluck Jonathan’s cousin, Jephthah Robert, has been abducted by gunmen at his residence in Yenagoa, Bayelsa State capital.
It was learnt that the abductors had yet to contact the family since his kidnap on Monday.
The police spokesman in Bayelsa State, SP Asinim Butswat, who confirmed the abduction, said they were intensifying efforts to rescue the victim and arrest the abductors.
Though the detail of the abduction was sketchy, the rate of kidnappings in Bayelsa State has been on the increase recently.
Just last Monday, the state Commissioner for Trade and Investment, Federal Otokito, regained freedom after spending five days in the kidnappers’ den.
He was said to have been kidnapped by the cartel operating illegal refineries in his community for trying to obstruct their operations.
FEC okays proposed amendments to 2022 budget
The Federal Executive Council has approved a proposed amendment to the 2022 budget following the initial adjustments made by the National Assembly to the proposal submitted by President Muhammadu Buhari in 2021.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the approved amendments to be transmitted to the National Assembly would request to repeal clauses 10 and 11 concerning the Economic and Financial Crimes Commission and the Nigerian Financial Intelligence Unit operations in the 2022 budget and as well restore what the lawmakers had deleted amounting to N103bn.
She said: “Clause 10 is referring to a provision that has been made that will enable the EFCC and NFIU be able to take 10% of whatever collections that they recover.
“We’re asking for that to be repealed because this is in direct contrast to the Acts of these two agencies and also it is in contravention of the Fiscal Responsibility Act and the Finance Act 2021.
“Clause 11, on the other hand, is a provision that has been made that says that the Nigeria embassies and missions are now authorized by this Appropriation Act to expend funds allocated to them under Capital Components without the need to seek approval of the Federal Ministry of Foreign Affairs.
She said FEC also ratified an instrument on diplomatic relations between Nigeria and South Africa with the coming of Africa’s Continental Free Trade Agreement.
- Governors, Labour kick as NNPC presents N3tr subsidy bill to FEC
- EPL: I don’t play in my preferred positions – Pulisic becomes latest Chelsea player to hit at Tuchel
- Celebrity Big Brother Season 3 cast revealed: Meet the new famous houseguests
- Dow futures drop 300 points as investors assess Fed update
- Gunmen kidnap Ex-President Jonathan’s cousin in Bayelsa
LIFESTYLES1 day ago
These 7 surprising things lower your libido!
NEWS2 days ago
Nigerian Labour Congress suspends planned nationwide protest over subsidy
NEWS1 day ago
Nigerian Army arrests political thugs from Ibadan with guns heading for Ekiti PDP primaries
BUSINESS2 days ago
IMF cuts 2022 global growth forecast as U.S., China recovery wanes
BUSINESS1 day ago
CBN retains interest rate at 11.5% to contain inflation
BUSINESS15 hours ago
Global oil benchmark tops $90 for the first time since 2014
BUSINESS15 hours ago
Federal Reserve points to interest rate hike coming in March
SPORTS15 hours ago
Transfer: Aubameyang demands double Ibrahimovic’s wages to leave Arsenal for AC Milan