Headlines
Akintoye Resigns As Yoruba Nation Leader, Gives Reasons
The leader of the apex body of the Yoruba self-determination struggle, Ilana Omo Oodua Worldwide, also known as Yoruba Nation. Prof. Banji Akintoye, has resigned his position.
Akintoye handed the baton of leadership to his former Deputy, Prof. Wale Adeniran, citing old age and a weakened body system as his reasons for stepping down.
In a letter addressed to Adeniran and sighted by The Punch on Thursday, Akintoye explained that he did not resign from the position to evade responsibility over the crisis rocking the self-determination group.
Akintoye’s resignation letter in full:
“Dear Wale, I write this letter to you in your position as Chairman of Ilana Omo Oduduwa to congratulate you and the newly elected Executive Council of Ilana.
“I also hereby inform Ilana through you of my departure from further responsibilities in Ilana. I urge you and all others not to think that this step is a consequence of recent difficulties in Ilana. As you know better than any other person, I have been seeking for over a year now to take my leave from Ilana because combining the duties of Ilana with the duties of the greatly elevated demands of the Self-determination Struggle has been too heavy for me at my age. I am greatly honored that you as the closest person to me in Ilana, most Ilana members, and all Ilana committees, have for months been urging me not to leave Ilana because, according to you all, Ilana is my special ‘baby’ in the whole Self-determination Struggle. But you would remember that in a special meeting of leaders of the Self-determination struggle from all over the world about a month ago, you and all the other meeting participants agreed graciously that I should give up my duties in Ilana because of my heavy accumulation of duties to the higher levels of the whole struggle.
“As for our current difficulties in Ilana, I am sure you would testify that I am not leaving because of them, and that, in general, even the greatest of difficulties never make me quit. I am imbued with God-given confidence that I can bear all things and solve the most tortuous complications among men, because God in His mercy has given me the gift of a heart that loves all persons in all situations.
“Still, I must ask you to forgive me for leaving Ilana to you in its current condition. I had wanted to leave Ilana immediately after the special meeting of worldwide leaders about a month ago, but I decided to help you to iron out some of the ongoing difficulties before leaving. Unfortunately, things have not improved as quickly as I expected, and you now have to face a situation in which some of our extremists are still compounding the difficulties. However, I have much confidence in you – including confidence that you will find ways to steer our Ilana back to the path of compromise, unity and strength.
“Finally, I must congratulate and thank you for your very high quality of leadership in this struggle for our embattled nation. I must congratulate and thank you, particularly for your bearing with strength and fortitude the frequent vilifications and false accusations. We who have stepped out bravely to liberate our Yoruba nation and to save it from being destroyed by the destructive forces of Nigeria are going through a lot of fire from our own people. No doubt, we shall soon be hearing from some habitual detractors that it was you who disloyally plotted against me and made me to leave Ilana, but we must not let such talk bother us in any way. By the grace of God, we shall win this war and liberate our Yoruba nation, and thereby giving our nation the freedom it desires to develop into a greatly respected modern country in the world.
“Of course, you know that I shall always be available to you – to you personally as a friend and close associate in the higher levels of the Self-determination Struggle, and to Ilana as Patron and Mentor in the way that I am Patron and Mentor to other Self-determination Organizations.
“I thank God for His leadership qualities in you and thank you for giving yourself so unstintingly to our struggle for our nation. Accept my best wishes for you and your family.”
Headlines
Amid Court Ruling, Fubara Set to Present 2025 Budget to Oko-Jumbo Assembly
Rivers State governor, Siminalayi Fubara, has announced that he would present the 2025 budget to the Victor Oko-Jombo-led State House of Assembly.
The governor noted that the government would continue to collaborate with the Assembly to improve the lives of Rivers residents, highlighting the positive relationship between the executive and legislative arms of government, as demonstrated in the screening of nominees and the prompt passage of executive bills.
Fubara said this at the official unveiling of two ultra-modern community town halls and the launch of a tertiary scholarship and empowerment programme by the Speaker at Akiama and Aganya communities in Bonny Local Government Area on Saturday.
This was contained in a statement issued in Port Harcourt on Sunday by the governor’s Chief Press Secretary, Nelson Chukwudi.
Represented by the Chief of Staff, Government House, Edison Ehie, the governor said: “The government and the people of Rivers State heartily congratulate you and thank you for being a good ambassador of the Ibani Kingdom. We assure you that, as the executive arm, while the legislative arm remains independent, we will continue to collaborate to ensure prosperity for our people.
“I thank you, Mr Speaker, for your support to the Rivers State government, as seen in your cooperation. The Speaker has facilitated the screening of caretaker committee chairmen, expedited executive requests, and will soon play a vital role in enacting the 2025 budget.”
Fubara added that the Speaker’s focus on constituency projects reflects his role as an elected representative, contrasting it with the inaction of 25 former lawmakers he described as “Abuja-based politicians.”
He continued: “Constituency projects are a testament to elected representatives’ commitment to their people. Meanwhile, the 25 former Assembly members who dismissed themselves — have they initiated any projects? Do we see them inspecting or commissioning anything? These are Abuja-based politicians!”
The governor commended the Speaker for establishing the town halls, providing financial empowerment to 100 Bonny indigenes, and awarding tertiary scholarships to 30 Bonny students.
In his remarks, the Speaker thanked the people of Bonny for their support for the 10th Assembly and expressed confidence in his backing of the governor.
He stressed that the Assembly would stay focused despite opposition from “enemies of the state” or the 25 former members.
Oko-Jombo revealed that the 2025 budget would soon be presented to the 10th Assembly and confirmed that Bonny Local Government Area would be included in upcoming infrastructure projects.
He added: “We will continue working tirelessly to ensure Bonny Kingdom’s development. Many needs remain, but as the Speaker, I assure you that the 2025 budget, which will soon be presented by His Excellency, will include Bonny Local Government Area.”
Headlines
Endure a Little Bit More, FG Tells Nigerians Amid Hardship
The Federal government, on Thursday, said it appreciates the endurance of Nigerians on side effects of economic reforms, which it says have started yielding results.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated this during an interactive session with the Senate Committee on Finance.
According to him, teething problems from the reforms are over for Nigerians as positive indicators for better days are already emerging.
“The two critical reforms on market-based price of Premium Motor Spirit (PMS) and foreign exchange, are now at the stage of results delivery and by extension, viability of the Nation’s economy through restoration of fiscal viability,” he stated.
“These two pillars of the economic reforms that have taken positive shape now portends additional revenue for government, recovery of the finances of NNPCL and strong basis for growing the economy, in terms of attracting investment and creating of jobs.
“I think we need to commend Nigerians for staying the cause to this stage of getting benefits.”
On his part, the Chairman of the Committee, Senator Sani Musa, said the session was a fact finding one on workability or otherwise of the various reforms.
“Today we gather to deliberate on the pressing matters related to the sales of crude oil to domestic refineries in Nigeria, in Naira and its implication on the approved medium-term expenditure framework and fiscal strategy paper for 2024-2026 and what we should expect for 2025-2027.
“Additionally, we will examine shortfalls in NMPCL revenue remittances, focusing on key areas such as foreign and domestic excess crude accounts, the signature bonus accounts, NMPCL cash call account and any outstanding or remitted revenue linked to under-recoveries.
“This meeting underscores our commitment to transparency, accountability and the responsible management of our national resources.
“I am confident that with the collaboration of the Ministry of Finance under the able leadership of the coordinating Minister of the Economy, the Office of the Accountant General of the Federation, the Central Bank of Nigeria and Revenue Mobilization and Physical Commission and other critical stakeholders present here, we will identify solutions and ensure that due process are upheld for the benefit of our economy and the Nigerian people.”
Aside the Finance Minister, the Group Executive Officer (GCEO) of Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, the Director General of Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, representatives of Governor of the Central Bank also attended the session which was later joined by the Senate President, Godswill Akpabio while in closed door.
Headlines
Again, National Grid Collapses, Second Time in Three Days
The national power grid has collapsed for the second time in three days, leading to blackouts in several parts of the country.
A check on the Nigerian System Operator’s portal (niggrid.org) showed that power generation dropped to zero megawatts at 11:30 am, affecting all 22 generation companies across the country.
Several electricity distribution companies corroborated this on their social media platforms.
“Please be informed that we experienced a system outage today 07 November 2024 at 11:29Hrs affecting supply within our network,” the Ikeja Electricity Distribution Company (EKEDC) serving parts of Lagos wrote on X.
“Restoration of supply is ongoing in collaboration with our critical stakeholders.
Kindly bear with us.
Meanwhile, Electricity Distribution Companies (DisCos) have jerked up metre prices, a few months after a similar increase.
The new price regime became effective on November 5, 2024, according to posts on social media platforms of the various DisCos.
With the recent move, the price of a single-phase metre has jumped from around N117,000 to about N149,800. This is dependent on the DisCo and the metre vendor.
A check by Channels Television indicated that the Eko DisCo put the price of its single-phase metre between N135,987.5 and N161,035 and pegged that of a three-phase meter between N226,600 and N266,600.
On its part, the Ibadan DisCo told its customers to pay from a range of N130,998 and N142,548 for a single-phase metre and N226,556.25 – N232,008 for a three-phase metre.
The Abuja DisCo said the price range for a single-phase metre is from N123,130.53–N147,812.5 and N206,345.65–N236,500 for three-phase metres.
Similarly, the Kano Electricity Distribution put N127,925–N129,999 as the price range for a single-phase metre while three-phase metres cost between N223,793–N235,425.
The Kaduna DisCo put its price for a single-phase metre between N131,150 and N142,548.94 and N220,375—N232,008.04 for three-phase metres.
This recent move came months after the Nigerian Electricity Regulatory Commission (NERC) announced the deregulation of metre prices under the Meter Asset Provider (MAP) scheme for end-user customers.
It said this is to address the protracted issues around metre supply and pricing within the sector.
With the development, DisCos and metre vendors can now fix prices based on the economic realities in the country, helping investors recover their money and ensuring the availability of the metres.