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Nigerians Hope for Better 2020

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Nigerians better 2020

By Modupe Gbadeyanka

As the year 2019 wraps up today, Wednesday, December 31, 2019, one of the major prayers Nigerians would be making to God during the crossing over into the new year tonight would be for a better 2020.

The outgoing year was very tough for residents of country, which prides itself as the giant of Africa, but to its citizens, a mere empty giant because smaller African countries, including Rwanda, Ghana, Kenya, amongst others are beginning to leave Nigeria behind.

In the coming year, Nigerians will expect government to make life better for them. However, one of the welcome gifts from government would be the coming into effect of the raise in the Value Added Tax (VAT) to 7.5 percent from the present 5 percent. But one good thing is the return of the nation’s budget cycle to January-December.

According to the Minister of Information and Culture, Mr Lai Mohammed, this development will lead to “a more rapid infrastructural development, more job creation, etc.”

In 2019, Nigerians overwhelmingly voted for President Muhammadu Buhari for another four years in office and during his June 12 speech, the President promised to alleviate the suffering of Nigerians and further pledged to lift about 100 million Nigerians out of poverty in 10 years.

To make this a reality, Mr Buhari constituted an economic squad to help him with policies that would make the economy better in order for him to achieve his dream and fulfil what he promised the electorates during his campaigns across the country.

Though inflation has gone up as a result of the decision of his government to close the nation’s land borders, there are strong indications that the gains of this move will start to materialise.

At the moment, Nigerians are beginning to eat locally produced rice, while the cultivation of the staple food has increased, making farmers richer, which will in turn result into a better economy.

The giant strides of this government in the agricultural sector has continued to help the country have better foreign trade performance.

The value of imports in 2019, as at the third quarter, stood at N11.6 trillion compared with N9.6 trillion in the same period of 2018, representing an annual growth rate of 21 percent between 2018 and 2019. Other than refined petroleum products, major imports have been machinery and vehicles.

In terms of exports, the value grew by 2.5 percent between 2018 and 2019 as at the third quarter, rising from N14 trillion to N14.4 trillion. This resulted in a stronger overall performance and an increase in the value of total trade by 10 percent between 2018 and 2019.

While the value of crude oil exports decreased by 3.78 percent, non-crude oil exports rose by over 30 percent in value between 2018 and 2019. Non-oil exports also doubled from about N1 trillion to N2 trillion over this period.

All these figures are sweet to hear, but one key thing Nigerians will love to hear more is turning these stats into food on their tables and money in their pockets. They will hope to have a better 2020 and go extra length to fully support the government and embrace its policies because they are happier.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Senate Passes Electoral Act Amendment Bill, Blocks Electronic Transmission of Results

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Godswill akpabio Senate President

By Modupe Gbadeyanka

The Senate on Wednesday passed the bill to amend the Electoral Act of 2022 after delays, which almost pitched the institution against several Nigerians.

Last week, the upper chamber of the National Assembly headed by the Senate President, Mr Godswill Akpabio, set up a panel to look into the matter, with the directive to submit its report yesterday, Tuesday, February 3, 2026.

However, after the report was submitted yesterday, the red chamber of the parliament said it was going to take an action on it on Wednesday.

At the midweek plenary, the Senate eventually passed the Bill for an Act to Repeal the Electoral Act No. 13, 2022 and Enact the Electoral Act, 2025.

However, some critical clauses were rejected, including the proposed amendment to make is mandatory for the Independent National Electoral Commission (INEC) to transmission election results electronically from polling units to the INEC Result Viewing (IReV) portal.

The clause was to strengthen transparency and reduce electoral malpractice through technology-driven result management.

It also rejected a proposed amendment under Clause 47 that would have allowed voters to present electronically-generated voter identification, including a downloadable voter card with a unique QR code, as a valid means of accreditation.

The Senate voted to retain the existing 2022 provisions requiring voters to present their Permanent Voter’s Card (PVC) for accreditation at polling units, and upheld the provision mandating the use of the Bimodal Voter Accreditation System (BVAS) or any other technological device prescribed by the electoral umpire for voter verification and authentication, rather than allowing alternative digital identification methods as proposed in the new bill.

The Senate also reduced the notice of election from 360 days to 180 days, with the timeline for publishing list of candidates by INEC dropped from 150 days to 60 days.

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Amupitan Says 2027 Elections Timetable Ready Despite Electoral Act Delay

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Incorruptible INEC Chairman

By Adedapo Adesanya

The Independent National Electoral Commission (INEC) has completed its timetable and schedule of activities for the 2027 general election, despite pending amendments to the Electoral Act by the National Assembly.

INEC Chairman, Mr Joash Amupitan, disclosed this on Wednesday in Abuja during a consultative meeting with civil society organisations.

Mr Amupitan said the commission had already submitted its recommendations and proposed changes to lawmakers, noting that aspects of the election calendar might still be adjusted depending on when the amended Electoral Act is passed.

He, however, stressed that the electoral umpire must continue preparations using the existing legal framework pending the conclusion of the legislative process and presidential assent to the revised law.

According to him, the commission cannot delay critical preparatory activities given the scale and complexity involved in conducting nationwide elections.

The development highlights INEC’s commitment to early planning for the 2027 polls, even as stakeholders await legislative clarity that could shape parts of the electoral process.

Yesterday, the Senate again failed to conclude deliberations on the proposed amendment to the Electoral Act after several hours in a closed-door executive session. The closed session lasted about five hours.

Lawmakers dissolved into the executive session shortly after plenary commenced, to consider the report of an ad hoc committee set up to harmonise senators’ inputs on the Electoral Act Amendment Bill.

When plenary resumed, the Senate President, Mr Godswill Akpabio, did not disclose details of the discussions on the bill.

Despite repeated executive sessions, the upper chamber has yet to pass the bill, marking the third unsuccessful attempt in two weeks.

The Senate, however, said it will not rush the bill, citing the volume of post-election litigation after the 2023 polls and the need for careful legislative scrutiny.

Last week, the red chamber of the federal parliament constituted a seven-member ad hoc committee after an earlier three-hour executive session to further scrutinise the proposed amendments.

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REA Expects Further $1.1bn Investment for New Mini Power Grids

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Mini Power Grids

By Adedapo Adesanya

The Managing Director of the Rural Electrification Agency, (REA), Mr Abba Aliyu, is poised to attract an estimated $1.1 billion in additional private-sector investment to further achieve the agency’s targets.

He said that the organisation has received a $750 million funding in 2024 through the World Bank funded Distributed Access through Renewable Energy Scale-up (DARES) project.

He added that this capital is specifically intended to act as a springboard to attract an estimated $1.1 billion in additional private-sector investment, with the ultimate goal of providing electricity access to roughly 17.5 million Nigerians through 1,350 new mini grids.

Mr Aliyu also said that the Nigeria Electrification Project (NEP) has already led to the electrification of 1.1 million households across more than 200 mini grids and the delivery of hybrid power solutions to 15 federal institutions.

According to a statement, this followed Mr Aliyu’s high-level inspection of Vsolaris facilities in Lagos, adding that the visit also served as a platform for the REA to highlight its decentralized electrification strategy, which relies on partnering with firms capable of managing local assembly and highefficiency project execution.

The federal government, through the REA, underscored the critical role the partnership with the private sector plays in achieving Nigeria’s ambitious off-grid energy targets and ending energy poverty.

Mr Aliyu emphasized that while public funds serve as a catalyst, the long-term sustainability of Nigeria’s power sector rests on credible private developers who are willing to invest their own resources.

He noted that public funds are intentionally deployed as catalytic grants to ensure that the private sector maintains skin in the game which he believes is the only way to guarantee true accountability and the survival of these projects over time.

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