Pass all requests for meetings with me through Abba Kyari, Buhari tells ministers - Mega Icon Magazine
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Pass all requests for meetings with me through Abba Kyari, Buhari tells ministers

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President Muhammadu Buhari on Tuesday told incoming ministers that all requests for meetings with him should pass through his chief of staff, Abba Kyari.

Mr Buhari said this in his closing remark at a presidential retreat for minister’s designate in Abuja.

“In terms of coordination, kindly ensure that all submissions for my attention or meeting requests be channelled through the Chief of Staff, while all Federal Executive Council matters be coordinated through the Secretary to the Government of the Federation,” Mr Buharisaid,

The president’s speech at the event was sent to PREMIUM TIMES by the presidency.

Mr Kyari has been criticised by some Nigerians including members of the ruling party, APC, for his influence over the president.

The First Lady, Aisha Buhari, is one of those who have complained about the powers Mr Kyari wields in the presidency.

After Mr Buhari’s re-election in February, some APC members protested against the re-appointment of Mr Kyari, a longtime ally of the president.

The president, however, reappointed him to the position.

Read Mr Buhari’s full speech to the ministers-designate below.

Protocols

After two days, we have come to the end of a successful retreat. However, you will agree that our work is just beginning.

2. These last two days have been very instructive for me personally, because I have had the opportunity to know many of you new Ministers-Designate better. I was also pleased to see that you have all equally enjoyed debating and deliberating on the various challenges before us over the next 4 years.

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3. Ladies & Gentlemen, majority of our people are poor and are anxiously hoping for a better life. A Nigeria in which they do not have to worry about what they will eat, where they will live or if they can afford to pay for their children’s education or healthcare.

4. Our responsibility as leaders of this great country is to meet these basic needs for our people. As I mentioned yesterday, this Administration inherited many challenges from our predecessors to mention a few:

· A country in which 18 local governments in the Northeast were under the control of Boko Haram;

· Decayed infrastructure in which our rail lines and roads had severely deteriorated;

· A rent seeking economy that depended largely on oil revenues and imports;

· Significant unpaid pensions, subsidy debts, legacy contractor debts. I can go on and on.

5. In our first term, we laid the foundation to rebuild our country. We recaptured those 18 Local Governments previously held by Boko Haram, whose activities are now limited to sporadic attacks against soft targets. Our investments in road and rail infrastructure are without precedent, and many of you can attest to this. We also focused on diversifying the economy from oil towards agriculture and industrialization. Despite reduced revenues from oil and gas compared to past governments, we have broadly addressed many of the legacy debts they left behind.

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6. Whilst we have obvious successes to celebrate, the challenges ahead are significant as you would have observed in detail over these two days. Nevertheless, from the quality of the deliberations, it is clear that solutions to our problems are well researched and have been well articulated.

7. We have discussed solutions relating to addressing Insecurity; Macroeconomic Stability; Agriculture and Food Security; Energy Security for Petroleum products and Electricity; Transportation and Critical Infrastructure; Industrialization and SME Development; Human Capital Development; Social Inclusion; Anti-Corruption; Housing Financing and Consumer Credit.

8. Public service is not easy work, and at times it can be thankless. I am therefore charging you all to see this opportunity to serve as an honour, to give your best to deliver on this mandate, for a more prosperous Nigeria, not for some, but for all Nigerians.

9. You will find that working collaboratively and purposefully will enable us to achieve quicker results, recognizing that four years is not a very long time. For the new Ministers, make sure you engage and benefit from the experience of the older Ministers and former Governors in the cabinet.

10. In terms of coordination, kindly ensure that all submissions for my attention or meeting requests be channeled through the Chief of Staff, while all Federal Executive Council matters be coordinated through the Secretary to the Government of the Federation.

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11. I would like to thank the Office of the SGF for coordinating this successful Presidential Retreat. I would also like to thank the National Assembly leadership, the Party Chairman, Chairman of the Governors Forum, and resource firms, for the active engagements and contributions.

12. Once again, the challenges that lie ahead of us as a country are significant. But I have no doubt in your individual capacities and our collective patriotic commitment to deliver a better Nigeria for us, our children and a brighter future for all.

Thank you and God bless the Federal Republic of Nigeria.

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Okonjo-Iweala: My Father Died Same Way He Lived

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“He died in Lagos soon after he arrived from a trip to the United States of America and Ghana. We are immensely grateful that his last moments were peaceful and that he died the same way he lived his life – with quiet dignity.”
by saharaReporters, New York Sep 14, 2019

The father of former Minister of Finance, Dr. Ngozi Okonjo-Iweala, Prof. Chukwuka Okonjo is dead. The former minister through her spokesperson, Paul Nwabuikwu, in a statement yesterday announced the death.

Okonjo-Iweala, in the statement, said his father died in Lagos soon after he arrived from a trip to the United States and Ghana.

“He died in Lagos soon after he arrived from a trip to the United States of America and Ghana. We are immensely grateful that his last moments were peaceful and that he died the same way he lived his life – with quiet dignity.

“Daddy was an accomplished man on so many levels – a highly respected academic, international public servant, university administrator, intellectual and traditional ruler. My father touched so many lives personally and professionally,” she said.

The former World Bank Chief added: “It is a tribute to the kind of life that Daddy lived that on his 90th birthday last year, a delegation of old students of Ibadan Boys High School presented him with a letter of commendation written in 1953 in which a colonial education administrator praised him highly for the all-round improvements he achieved in the school within a short period of time. He was only 25 then.

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“Daddy was a passionate intellectual and prolific writer whose last book was published at the age of 90. He touched so many lives personally and professionally and was an unrelenting believer and practitioner in the power of education to transform lives.

“In pursuit of this commitment, Daddy sponsored the education of at least 19 students up to university level in addition to his own seven children. He inspired and motivated so many more.

“Having witnessed the ravages of war, he was committed to unity and peaceful coexistence of all. From his marriage of 66 years to our mother, Prof. Kamene Okonjo to his dedication to duty, he was exceptional.”

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AfDB launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022

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The African Development Bank (AfDB) rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September 2022, its first US$ benchmark of the year.

Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a EUR 1 billion 10-year priced in March 2019. With this transaction, the Bank has now raised US$ 4.4 billion in 2019 to date and executed 61% of its borrowing program for the year. The transaction received strong support from investors globally, with order books reaching US$ 2.8 billion and 53 investors participating. The high quality of the order book is illustrated by the strong participation of Central Banks and Official Institutions, taking 64% of the allocations.

The African Development Bank decided to take advantage of favorable investor sentiment post summer break to access the 3-year tenor, in spite of volatile market conditions ahead of the Fed Meeting the following week. The mandate was announced on Tuesday, September 10, at 12:00 London time with Initial Pricing Thoughts of Mid-Swaps + 13 basis points (bps) area.

The transaction met strong interest from the outset, with Indications of Interest in excess of US$ 1.8 billion (excluding Joint-Lead Managers interest) when order books officially opened at 08:00 London time the following morning, with initial price guidance of Mid-Swaps + 13bps area.

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Momentum continued throughout the European morning, with orders in excess of US$ 2.5 billion around 11:20 London time. At this time, final pricing was set at Mid-Swaps + 13bps. Following the close of the order book in the US, the size of the transaction was set at US$ 2 billion by 14:20 London time.

The transaction was priced at 16:24 London time with a re-offer yield of 1.679%, equivalent to a spread of 8.75bps vs UST 1.5% 15 September 2022, the issuer’s tightest print vs US Treasuries to date.

“We are delighted with this successful dollar Global Benchmark, and particularly pleased by both the very high quality of the order book and the solid participation of African Central Banks. The African Development Bank achieved its tightest ever spread to US Treasuries, and we are grateful to our investors across the world for this outcome, and the financing it will bring to the African continent”. Hassatou Diop N’Sele, Group Treasurer, African Development Bank

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Niger: IDPs reject government’s relief materials

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The Internally Displaced Persons (IDPs) in Niger State housed in some temporary camps have rejected relief materials donated to them by the state government.

The displaced persons said the government has handled their plight with levity.

They insisted on getting a permanent solution to the incessant security challenges in their communities.

Over 5,000 persons are currently taking shelter in five camps provided by the state government after bandits attacked several communities including Rafa and Shiroro.

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