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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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Adelabu’s Sister, Twin Nephews Regain Freedom as Police Kill Kidnappers

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Mrs. Olaide Busayo Adegoke John-Paul

By Dipo Olowookere

The younger sister of the former Minister of Power, Mr Adebayo Adelabu, Mrs Olaide Busayo Adegoke John-Paul, has been rescued by officials of the Nigeria Police Force (NPF).

The woman was freed from her kidnappers along with her twin sons, Peter and Paul, on Saturday evening.

They were abducted on Wednesday morning while the former employee of the Central Bank of Nigeria (CBN) was taking her children to school in Ibadan, Oyo State.

The unfortunate incident reportedly occurred at about 7:30 am on June 3, 2026, throwing residents of the area into panic. The 43-year-old mother was taken from her vehicle by the gunmen and driven away with her 12-year-old twin sons.

This evening, in an operation by security operatives, the victims were rescued, while two of the suspected kidnappers were fatally shot in a gun duel, and two firearms were recovered from the gang.

The police are now combing the area where the rescue operation took place to apprehend some of the fleeing kidnappers, who are believed to have escaped with gunshot wounds.

The news of the rescue of the kidnapped victims has thrown the family of the former Minister into a frenzy.

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FG, Honeywell Explore Sustainable Development Opportunities

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honeywell group

By Modupe Gbadeyanka

The federal government and the Honeywell Group are strengthening a partnership aimed at achieving sustainable development in Nigeria.

The company on Thursday held a meeting with the Minister of Interior, Mr Olubunmi Tunji-Ojo, in Abuja. Both parties explored ways to promote economic development, reaffirming the importance of public-private sector cooperation in advancing Nigeria’s development agenda and improving service delivery for citizens.

The Senior Adviser to the Honeywell Group, Mrs Oduwaye Nsidi-Sakiri, reaffirmed the organisation’s commitment to supporting national development through constructive engagement and collaboration.

“We commend the remarkable progress that has been made. These achievements are a reflection not only of leadership but also of the dedication and hard work of the entire team within the Ministry,” she said.

She explained that the visit reflected Honeywell Group’s longstanding tradition of maintaining proactive and constructive relationships with government institutions, regulatory agencies, and other key public-sector stakeholders. She further expressed the group’s willingness to explore opportunities for collaboration in support of government initiatives and national development objectives.

Also speaking, Honeywell Group Chief Operating Officer, Mrs Tomi Ayo-Tugbo, commended the Ministry for reforms that are delivering tangible improvements in the lives of Nigerians, reiterating the firm’s commitment to supporting the country’s growth and prosperity.

On his part, Mr Tunji-Ojo praised the company for its longstanding contributions to Nigeria’s economy and acknowledged the critical role of the private sector in driving economic growth, creating jobs, and supporting national development.

He further assured the delegation of the Ministry’s readiness to engage with stakeholders and collaborate with responsible corporate organisations in advancing initiatives that promote economic development, innovation, and improved service delivery.

The Minister emphasised that the reforms being implemented across the Ministry and its agencies are designed not only to improve operational efficiency but also to strengthen national security and enhance public confidence in government institutions.

“Our goal is to build institutions that work efficiently for the people. We are committed to creating systems that are transparent, technology-driven, and capable of delivering services in a manner that reflects the aspirations of a modern Nigeria,” he stated.

“The government cannot achieve sustainable development alone. Strong partnerships between the public and private sectors are essential to building a prosperous nation. We value organisations such as Honeywell Group that have consistently invested in Nigeria and contributed to the country’s growth over several decades,” Mr Tunji-Ojo added.

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FG Orders MDAs to Secure Funding Before Awarding Contracts

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project funding

By Adedapo Adesanya

The federal government has directed that no new public contracts should be awarded without first getting the funds, as part of efforts to improve project delivery across the country.

Director-General of the Bureau of Public Procurement (BPP), Mr Adebowale Adedokun, disclosed this on the sidelines of the Inaugural Hosting of The Procurement Evolution in Abuja on Thursday.

Mr Adedokun said President Bola Tinubu had approved measures to raise resources needed to settle outstanding obligations to contractors, describing timely payment as critical to an efficient procurement system.

“Mr President has given a directive on when funds should be raised to address the concerns of contractors who are yet to be paid. With this, procurement processes will be much better because payment is now tied to procurement.

“Meaning that no award will be further issued without resources or funding available. So these are the things that the President has asked us to do.”

The BPP boss said the government was also implementing 23 procurement reforms aimed at improving transparency, efficiency and value for money in public spending.

According to him, committees to drive the reforms will soon be inaugurated by the Secretary to the Government of the Federation (SGF).

He said the reforms were designed to ensure that Nigerians benefit directly through improved infrastructure, healthcare, education and better living conditions.

“The president wants Nigerians to feel the effects of this transformation by having good roads, good hospitals, good educational institutions, and a good living wage for all workers.”

The Secretary to the Government of the Federation (SGF), Mr George Akume, said public procurement remained central to the Tinubu administration’s Renewed Hope Agenda.

Mr Akume noted that ongoing reforms, including proposed amendments to the Public Procurement Act 2007, the Nigeria First Policy, Nigeria e-Marketplace initiative, community-based procurement and affirmative procurement programmes, were intended to strengthen local industries and promote economic inclusion.

The SGF, represented by Mr Abubakar Kana, Permanent Secretary, General Services Office, Office of the SGF, added that the reforms would enhance transparency, simplify procurement processes and leverage technology to improve service delivery and national development.

“As we move forward, our collective responsibility is very clear.

“We must ensure that procurement processes are simplified. without compromising accountability, that technology is fully leveraged to eliminate inefficiencies and that all stakeholders work collaboratively to achieve shared national goals.

“The federal government remains fully committed to supporting the Bureau of Public Procurement in driving these reforms and ensuring that public procurement becomes a catalyst for economic growth, infrastructure development and improved quality of life for all our citizens.”

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