News
Makinde’s foreign trip amid insecurity in Oyo, height of insensitivity, says APC group
A group of media players within the All Progressives Congress (APC) in Oyo state, The Pacesetter Initiative (TPI), has taken a swipe at Governor Seyi Makinde over his reported trip to the United States of America at a time most parts of the state were faced with some security challenges and social instability.
Although there were no official confirmation on the governor’s overseas trip, impeccable sources have it that he (Makinde) left Nigeria on December 31, 2020 to unite with members of his immediate family who are permanent residents of Houston, Texas in the United States and returned to Nigeria on Monday.
In a statement issued on Monday and made available to newsmen in Ibadan by the Group’s Coordinator, Hon. Afeez Bolaji Repete, and Director of Organization, Olawale Sadare, TPI frowned at what it called a height of insensitivity and ineptitude on the part of Gov. Makinde who it accused of abandoning his people when they needed him most.
“How can a Chief Executive Officer and Chief Security Officer of an important state like Oyo leave his hapless people to the mercy of hoodlums, kidnappers and other criminal elements in the name of an unofficial foreign trip? And to make the matter worse, the governor sneaked out without doing all that was necessary as laid down in the Constitution of the land.
“Gov. Makinde’s trip to the United States, this time, came at a time his government needed to arrest the surging challenges of insecurity bedevilling virtually every part of the state as residents of Ibadan, Oke-Ogun, Ibarapa, Ogbomoso and Oyo were gnashing their teeth on account of coordinated hoodlum attacks, kidnappings, killings and other organized crimes.
“As a Group of patriots, we could have expressed little or no worries if the situation had not degenerated to the point of ceaseless loss of lives and property in the affected areas. But our independent investigation revealed that those responsible for the crime surge in the state had taken advantage of Gov. Makinde’s poor handling of the security issues since he came on board in 2019 as against what was experienced during the eight year reign of his immediate predecessor, late Senator Abiola Ajimobi.
“The situation took a turn for the worse immediately the governor traveled last month and it became known to the perpetrators of crime that nobody was in the saddle again because Gov. Makinde did not hand over the baton to his deputy as expected. As a result of this, the PDP administration in the state became leaderless and rudderless since the governor who has been running a one-man show found it appropriate to abandon his duty post at a critical time and without allowing anyone to act in his capacity as necessary for no known reasons.
“It is equally appalling to note that none of those expected to take the bull by the horn and mobilize all the necessary actions to quell the ugly situation are not visible at all. Only the Chief Press Secretary to the Governor reels out half truths and propaganda to create a fake impression that all is well with the state. The question in the lips of the people is whether the governor’s blanket ban on all officials of the state to speak up also affect the Speaker and members of the State House of Assembly.” TPI submitted.
In another development, The Pacesetter Initiative (TPI) has also warned the Makinde administration to cancel its alleged plans aimed at silencing members of the public, especially APC faithful, who have been found to be critical of the present administration in the build-up to the 2023 general election.
“We have uncovered plans by the trusted aides and allies of Gov. Makinde to unleash a terror gang populated by members of a faction of the proscribed NURTW in the state who have been decorated as Park Managers and Amotekun officials to hound and attack some identified critics of the state government, especially those belonging to the APC, with a view to silencing them ahead of the next general election.
“We urge Gov. Makinde to halt such plan which is capable of throwing the state into untold political turmoil and social crisis”. TPI stated.
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.
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.
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.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
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