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Pressure From Nigeria Reason Am Seeking Re-Election -Buhari Tells Archbishop Of Canterbury

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President Muhammadu Buhari has explained why he declared his intentions to run for another term in office, during the National Executive Committee (NEC) meeting of the All Progressives Congress (APC), attributing his action to pressure from Nigerians.

Receiving the Archbishop of Canterbury, His Grace Justin Welby in London Wednesday, President Buhari said:

“I declared before leaving home because Nigerians were talking too much about whether I would run or not. So, I felt I should break the ice.

“We have many things to focus on, like security, agriculture, economy, anti-corruption, and many others. We needed to concentrate on them, and politics should not be a distraction. The majority of Nigerians appreciate what we are doing, and that is why I am re-contesting.”

The President recounted some successes of the administration to his guest, with whom he has built a deep friendship in recent times, and was quite particular about strides in agriculture.

“We have cut the importation of rice by about 90%, saving billions of dollars in the process. People who rushed into petrol money have now gone back to agriculture. Even professionals have gone back to the land. Nigeria should be able to feed itself comfortably soon. I am so pleased,” the President said.

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On the war against insurgency, he stressed the need for continuous education of the people, “so that they can be free from religious manipulation,” adding that no true religion advocates the hurting or killing of the innocent.

Responding to his guest’s comment on the clashes between herdsmen and farmers in different parts of Nigeria, the President submitted:

“The problem is even older than us. It has always been there, but now made worse by the influx of armed gunmen from the Sahel region into different parts of the West African sub-region. These gunmen were trained and armed by Muammar Gadaffi of Libya. When he was killed, the gunmen escaped with their arms. We encountered some of them fighting with Boko Haram. Herdsmen that we used to know carried only sticks and maybe a cutlass to clear the way, but these ones now carry sophisticated weapons. The problem is not religious, but sociological and economic. But we are working on solutions.”

President Buhari lamented that “irresponsible politics” has been brought into the farmers/herders’ crisis, but assured that enduring solutions would be found, and justice done to all concerned.

On Leah Sharibu, the schoolgirl from Dapchi still being held by insurgents, reportedly because she refused to renounce her Christian faith, the President said:

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“We are managing the matter quietly. Making noise would not help. We are collecting as much intelligence as possible, working with the Red Cross and other international organizations. There are too many fraudulent people around, who claim they can do this and that. We won’t deal with them. That was how we got the Dapchi girls back, and the Chibok girls.”

Archbishop Welby said it was always a delight to see President Buhari, “whom I have tremendous respect for,” adding: “You have my best wishes on your recent decision. I read your declaration speech. We are neutral as a church, but we will pray for you. Great statesmen are those who run for the good of their country. We will be praying for you.”

The Archbishop presented President Buhari with a copy of his recent book, ‘Reimagining Britain. Foundations for Hope.’

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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