Connect with us

General

Political Parties Throw Weight Behind Clause 84(12) of Electoral Act

Published

on

electoral act nigeria

By Modupe Gbadeyanka

The coalition of political parties in Nigeria known as the Conference of Nigeria Political Parties (CNPP) has thrown its full weight behind the controversial Clause 84(12) from the electoral act.

Last Friday, President Muhammadu Buhari finally signed the electoral bill into law after initially asking the National Assembly to work on a clause that made it compulsory for political parties to use the direct primary mode for selecting candidates for elective positions.

When the bill was returned to the parliament after spending 30 days without the President’s assent, the lawmakers inserted a new clause that requires political office holders to resign from office before contesting for positions.

This did not go down well with members of the executive, especially the Governors, who attempted to force the President to refuse to sign the bill into law.

With Civil Society Organisations (CSOs) sensing that Mr Buhari may wait till 30 days before rejecting the bill, they staged a protest last Tuesday and three days later, the President signed the piece of legislation but asked the parliament to delete the clause.

Reacting, CNPP congratulated Nigerians and all active citizens within the civil society bloc for the development, urging well-meaning Nigerians to strongly resist the removal of Clause 84(12) from the electoral act, insisting that the clause actually introduced equity into political party primaries at all levels.

The umbrella body of all registered political parties and political associations in the country, in a statement signed by its Secretary-General, Mr Willy Ezugwu, said that “Mr President is crying more than the bereaved by ordering the immediate removal of the clause that barred political appointees at all level from voting as delegates or be voted for at party conventions or congresses political parties for the purpose of the nomination of candidates for elections.”

According to the CNPP, “Clause 84 (12), which reads no political appointee at any level shall be a voting delegate or be voted for at the Convention or Congress of any political party for the purpose of the nomination of candidates for any election only introduced equity in political party primary elections.

“An appointee of the executive should not, and must not, be a delegate in primary elections while still in office, just as an appointee must not be contesting as a delegate while still in office.

“Such appointees have ended up using their offices to intimidate political opponents of their principals during party primaries in a bid to retain their jobs.

“This is the major reason for electoral violence witnessed at local government and state Congresses of most virile political parties in the country with the attendant loss of lives and property.

“Rather than delete the clause, the National Assembly should amend any provision of the constitution that allows any appointee to be a delegate or be a voter or contest as a delegate at party conventions or congresses the purpose of the nomination of candidates for any election.

“However, the CNPP congratulates Nigerians, especially active citizens in the civil society community for their resilience, doggedness, and for the nonviolent manner, they resisted the attempt to return the bill for the sixth time to the National Assembly by Mr President.

“We equally commend the leadership of the Independent National Electoral Commission (INEC) for fighting on the side of the masses. So, we urge INEC to continue to improve on the electoral processes, even as we urge Nigerians to have faith in the leadership of INEC to deliver free and fair elections in 2023 in view of the provisions of the new Act”, the statement read.

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.

Continue Reading
Click to comment

Leave a Reply

General

Eaton Calls for Stoppage of Sulphur Hexafluoride Gas 

Published

on

Sulphur hexafluoride gas

By Adedapo Adesanya

Leading power management company, Eaton Nigeria, has advocated the regulation of sulphur hexafluoride (SF6) gas usage in electrical power distribution networks.

This call was made during the company’s Power & Water Nigeria Exhibition and Conference 2022, an event that connects the Nigerian utility industry.

The event which was organised by Vertex Global services saw the participation of experts and exhibitors from over 20 countries.

The gathering enabled global stakeholders to access engaging technical discussions, on-the-spot assessment of the region’s opportunities in power generation, distribution, renewables, and water & utility sectors; as well as exhibitions from leading local and international suppliers.

During his presentation on the topic, A Call to Action on the ‘dirtiest’ greenhouse gas in clean energy, Mr Charles Iyo, Regional Sales Manager Eaton West Africa said “Sulphur hexafluoride gas which is used in the production of most switchgears remains one of the world’s potent greenhouse gases that adversely affect the environment. 1kg of SF6 is equivalent to 23,500 Kg of CO2 in global warming potential, and each unit of switchgear is estimated to use 2.5 kg of SF6 gas; which makes it devastatingly dangerous to the climate.”

“Government in Africa, especially Nigeria needs to take proactive measures such as implementing new regulations to ban the use of SF6 Gas in switchgear production. Also, regulatory bodies and industry stakeholders need to collaborate and elevate industry practice and policies to implement the use of SF6 free technology thereby creating a safe and sustainable future,” he added.

Mr Iyo further highlighted SF6-free alternatives that could positively combat climate change, saying the adoption of vacuum technology is considered a safe, compact and reliable alternative to SF6 gas in the production of switchgears.

Eaton has been at the forefront of advocating the elimination of SF6 gas globally. The power management company pioneered SF₆ free medium voltage switchgear production in 1960 with Magnefix, a compact solution for distribution system operators.

The various range of SF6 free switchgears are produced with environmentally friendly technology in comparison with the methods used by many other suppliers, which use SF6 as insulation gas.

Continue Reading

General

OVH Energy Rewards Distributors for Outstanding Performance

Published

on

ovh energy

By Adedapo Adesanya

Leading supplier and distributor of refined petroleum products, OVH Energy Marketing, has rewarded its top-performing lubricant distributors for their outstanding performance at a presentation ceremony held in Lagos.

During the presentation ceremony which happened at Aspamda Market, two qualified distributors who each sold over 1 million litres of lubricants were recognized in line with the management’s commitment to award deserving distributors.

Chucorl Nigeria Limited and Ade De Young Auto Limited, who met and exceeded the set target in the distribution of OLEUM lubricants, were awarded OLEUM branded trucks at the ceremony.

Speaking at the event, the Chief Executive Officer, OVH Energy Marketing, Huub Stokman posited that the ceremony was organized to reward top-performing distributors as well as inspire others through their exemplary feats.

“Our distinctive progress as the leading downstream oil and gas company is built on the commendable dedication and support of our partners as well as the contributions of our staff. I applaud the awardees and other OLEUM distributors for their diligence and resourcefulness in making sure that the OLEUM range of lubricants remains a market leader,” he said.

“Oleum is a product made in Nigeria, by Nigerians, for Nigerians. Our dream is to formulate the best lubricant available in the Nigerian market at a very affordable price. The hard work of our partners continues to contribute immensely to the growth of the organization and for that we are thankful,” he continued.

Commenting at the presentation ceremony, Mr Lateef Adeleke, owner Ade De Young Auto Ltd., an awardee said “I appreciate the company for this initiative to reward distributors with branded trucks. Rewarding deserving distributors with the branded trucks is a thoughtful initiative from OVH Energy Marketing.”

On his part, Mr Oliver Jacob, CEO Chucorl Oil and Gas Limited said “This acknowledgement from OVH Energy Marketing is indeed an incentive to do even more. The trucks will be valuable in strengthening our supply chain and meeting our increasing consumer demand.”

In recent years, OVH Energy Marketing has embarked on diverse empowerment initiatives such as the OLEUM Academy and the Mechanic Oleum Reseller Enterprise Initiative.

OLEUM academy has impacted over 5,000 individuals nationwide through the provision of automotive mechatronics, lubrication, and entrepreneurship training.

The Mechanic Oleum Reseller Enterprise Initiative is an avenue for auto-technicians to boost their income through the sales of lubricants in their workshop.

Continue Reading

General

Capital Market Can Attract Funds to Solve Nigeria’s Infrastructure Deficiency—Yuguda

Published

on

infrastructure deficiency

By Aduragbemi Omiyale

The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has again emphasised that the current infrastructure deficiency in Nigeria can be solved with the help of the capital market.

While addressing the new executives of the Chartered Institute of Stockbrokers (CIS) in Abuja over the weekend, he said all that was needed was for the government to partner with the private sector to bridge the infrastructure gap by approaching the capital market for funding.

“We have a huge infrastructural deficit in the country like insufficient power, lack of good roads among others. We want our country to have good infrastructure and I know this is possible with the help of the capital market and other stakeholders.

“It requires adequate planning and financing and we can achieve it as a nation. The capital market through the private sector can fund road construction while the government focuses on other issues,” the SEC DG said, appealing to the relevant stakeholders to cooperate with the agency to achieve this goal.

He also said for the capital market to attain full potential, all stakeholders need to ensure they carry out their functions with integrity and fairness in a bid to restore investor confidence.

Mr Yuguda acknowledged CIS as a key partner in the commission’s regulation of the market, assuring that the SEC would continue to provide the needed support.

“On behalf of the Board and staff. We will give you all possible co-operation you desire to make your job easy. We are here to support this market and make it the market we all desire,” he said.

The SEC boss stated that derivatives trading has commenced for people who want to manage their risk, adding that the SEC is working to increase the literacy of Nigerians so they can take better decisions.

“The future for this country is bright and we have the young population to push it. We can have a much better standard of living than we have now and we hope you will continue to give a lot to the market.

“We are committed to any initiative that will further spur the growth of the capital market. We also have a review of the ISA bill pending at the National Assembly and that bill has a lot that will revitalize this market,” he added.

In his remarks, the President of CIS, Mr Oluwole Adeosun, commended the SEC for the relationship that exists between the Commission and the Institute and thanked the Management for always supporting the organisation.

“Thank you always because you have embraced the institute and made it clear that you desire a very harmonious relationship and we are happy about it.

“You have shown this in your actions since you came into office and we appreciate you for all your efforts, we pray that investors benefit greatly from their investments in the capital market. Thank you for all your support to the CIS Bill,” he said.

The former President of CIS, Mr Olatunde Amolegbe, also thanked the DG for the efforts the management has been making to support the CIS, adding that the institute has been able to function effectively due to the support of the SEC.

Continue Reading

Latest News on Business Post

Like Our Facebook Page

%d bloggers like this: