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Tinubu: Full text of what Buhari said in Lagos

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President Muhammadu Buhari on Thursday attended the 10th Bola Tinubu Colloquim in Lagos.

He said he was happy to celebrate the birthday of his friend and political partner.

He called on Nigerians to join him in celebrating Asiwaju Tinubu “a political strategist”.

His full speech below:

“Here, Asiwaju also sets himself apart. I have come to see him as a man who cares about people and who is a fountain of ideas for economic development and improving the situation of the common man and woman. He is a true humanitarian and we appreciate his contributions to Nigeria’s and Africa’s progress.

I salute the Vice President, Professor Yemi Osinbajo and other members, for initiating this colloquium a full decade ago. Over the course of that ten years, we have traveled far in one sense, yet have moved but a few steps in another.

We as a people and a nation are in the midst of a grand endeavor. We seek to change the ways and means of our collective existence, we seek to construct a nation where leaders no longer rule by whim but govern according to law and for the betterment of the people.

We seek to replace corruption with correctness, insecurity with safety and poverty with prosperity.

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The road we tread is rough and hard in spots. The search for progress and reform has its rough patches. Many will fight you and connive to deter the march toward a better land.

But that march is inevitable. There is no mortal hand that can keep us from our best destiny unless that hand be our own.

Thus, we invest in people, we invest in ourselves because we are enlivened by God given faith that tomorrow can be better than today and that good will triumph over evil.

Forums such as this present ideas and spark important discussions that enliven our national discourse and enrich our policy options.

We seek to rebuild what has been wrongfully constructed and to plant a firm foundation for progress where nothing now exists.

Our goal is to bring together every section of the nation and every Nigerian of every creed, every region and ethnic group in mutually beneficial, productive, social, economic and political relationships.

To accomplish our historic mission we must invest in people.

Here, I can say that the expenditures made by this government constitute investment in and for the people. We depend on the people to govern. This government recognizes this, hence our investment in critical areas that touch the lives of people directly.

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Social investment program. The school feeding program. Massive investments in agriculture, a sector that employs over 65 per cent of our people. We strive to set Nigeria on an irreversible path of growth and development. This is the objective that guides our investments and expenditures as a government.

We join hands to build a better country. We are resolute in our commitment to uplift our people and to make Nigeria a better place.

I think my friend Asiwaju would be happy with such a birthday gift.

Happy birthday Asiwaju. May God grant you many more years of good health and service to Nigeria.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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