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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.
A former President of the Senate, and chairman of the Peoples Democratic Party (PDP) Board of Trustees, Senator Adolphus Wabara, has accused President Bola Tinubu’s administration of pushing Nigerians into poverty.
Wabara said the economic policies of Tinubu’s administration have worsened hardship across Nigeria.
He spoke during the board’s emergency meeting in Abuja on Thursday, saying: “The skyrocketing cost of living, coupled with poorly implemented economic reforms, has pushed millions into deeper poverty.”
Wabara stressed the importance of prioritising party unity and collective progress over personal ambitions.
“We cannot afford to let personal ambitions or differences overshadow our shared vision for a better Nigeria,” he added.
The Federal Government has fired some civil servants with degrees from private tertiary institutions in Benin Republic and Togo, according to The Punch report.
The directive affected federal workers who graduated from the institutions from 2017 to date.
The Director of Information and Public Relations in the Office of the Secretary to the Government of the Federation, Segun Imohiosen, confirmed the development to one of our correspondents on Wednesday.
In August, the Federal Government announced that only eight universities had been accredited to award degrees to Nigerians in Togo and Benin Republic.
This followed an undercover investigation report in which a Daily Nigerian journalist acquired a degree from a university in Benin Republic in two months and used it to participate in the National Youth Service Corps scheme.
Following the report, the government banned the accreditation and evaluation of degrees from tertiary institutions in Benin Republic and Togo.
The Federal Government also set up an Inter-Ministerial Investigative Committee on Degree Certificate Milling to probe the activities of certificate racketeers.
The then Minister of Education, Tahir Mamman, revealed that over 22,500 Nigerians obtained fake degree certificates from Benin Republic and Togo and such certificates would be cancelled.
Mamman explained that the revelation was part of a report submitted to the Federal Executive Council by the investigative committee instituted to probe degree certificate racketeering by foreign and local universities in Nigeria.
He insisted there was no going back on the Federal Government’s decision to cancel the about 22,500 certificates awarded to Nigerians by some “fake” universities in the two francophone countries.
Mamman maintained that the decision to invalidate the certificates was not harsh as Nigerians who obtained degree certificates from such tertiary institutions dent the country’s image.
He said, “Most of those parading the fake certificates didn’t even leave the shores of Nigeria but got their certificates through racketeering in collaboration with government officials at home and abroad.
“The fake universities capitalised on the gullibility of Nigerians patronising such fake schools. The Federal Government, through the offices of the Head of Civil Service and the Secretary to the Government of the Federation, would fish out those in the government’s employment with such fake certificates. I also urge the private sector to follow suit.”
Although the exact number of affected civil servants could not be ascertained, it was gathered that the Office of the Secretary to the Government of the Federation (Cabinet Affairs) had issued a memo to all the Ministries, Departments, and Agencies to implement the order.
A source, who pleaded anonymity because she was not authorised to speak on the matter, told The Punch that the sacking of the affected workers was based on the inter-ministerial committee’s recommendation.
The official stated, “There was a letter from the SGF cabinet affairs directing all ministries, departments and agencies of government to identify and terminate the appointments of workers employed with certificates obtained from the private universities in the Republic of Benin and Togo from 2017 to date.
“The decision is part of the recommendations of the committee set up to investigate the certificates of people who graduated from the universities.”
Our correspondent also gathered that some agencies like the National Youth Services Corps have commenced the implementation of the directive.
The NYSC Director of Information, Caroline Embu, confirmed to our correspondent that five members of staff had been sacked in line with the SGF’s directive.
She said, “Five members of staff were affected by the directive contained in the letter from the office of the SGF. No more.”
