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Water Resources Bill Will Generate More Income For Government, Says Ale

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. calls for non politicization of bill

 

 

A Sustainable Development Expert (SDG) and Founder, CEO of Global Initiative for Nigeria Development (GIND) Development, Engr Michael Ale has called on Nigerians to shun the call for the withdrawal of the Water Resources bill by various political and sociolo cultural groups as many are just reacting without critical understanding of the content of the proposed Water bill currently at the National Assembly.

Engr Ale made this call while featuring on an Ibadan based radio station programme on Thursday.

He explained that Nigerians should not put political reason why the water bill should not be passed adding that each state can come up with their bill just like the recently launched Operation Amotekun in the south west.

The Sustainable Development Expert said if the bill is to be amended, some portion of the bill that has been greeeted with controversy should be expunged, then a replica of the bill should be enacted at the state level by the state assemblies with the establishment of a regulatory commission at their level.

“if anyone want to abstract the water should get a permit this is non sacrosanct.

Why should just some part of a bill which has been greeted with controversy because of the political marauding now makes the whole document invaluable. It’s like throwing away the baby with bath water.

In line with the International best practices, water law is important for protection of our water resources, just like we have laws governing airspace and land activities in the International best practices.

The former world bank consultant on water to the World Bank further explained that the current practice along the water sector is the Integrated Water Resources Management Commission which requires that the water Resources must be Governed and Managed well for the sake of sustainable and equitable use of common Resources by all, irrespective of political affiliations, race, gender and sociology cultural belief and interpretations.

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He stated that current political atmosphere and the bad naming of the bill is creating unnecessary apprehension in the political terrains leading to misconceptions and distortions of the process that has gone through a legislative proceedings.”

“If the portion of the bill can be amended not all the content of the bill, it isn’t perfect as far as am concern because it has been trailed with controversy, if it has not been trailed with controversy and not misinterpreted then it is a perfect deal, but federal government can come from everywhere all over Nigeria and take over the land”

“When many are asking for the drop of the proposed bill, then they can also ask for federal government to stay away from their developmental project like water, roads, markets and other projects being executed by Government. Those interpreting the bill don’t even have the authority to do so.”

It is a pity this bill is coming at a later time because of the denigrate effect of the water and the consequences of our economic mistrust.

Imagine if petroleum regulatory bill is coming at this time, am so sure it will not pass. What is not regulated cannot be termed to be economically important. Water is both social and economic goods, it’s a human right and must be protected.

“Water Resources is causing war in some countries now, imagine the flooding we experience yearly and nothing has been done on curbing it, this bill gives direction on who takes responsibility and how things are done in the properly.

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Let’s take the critical look at the petroleum industry.”

“For example, federal government control who establishes petrol stations and state government is still part of that activities that has to do with establishment of petrol station, do we have any controversy over that? There could be synergy between federal and state government on this.”

“Recently, just about two weeks ago, on the main road, somebody was drilling on the main street of Sabo in Oyo State causing vehicular gridlock preventing Nigerians from their means of livelihood, when there is no law, what do you expect? imaging that most of these bottling industries have been abstracting the common Resources which belongs to you and I free without any guideline on replenishment or guiding principle to give back to the operating community thus making billions of dollars yearly without any recourse to the source for its protection.

Engr Ale said the state government and federal government should can come with permit, licensing fees, water use charges and the rest, and no need for people to attribute to Ruga, adding that Ruga is not coming through back door as many Nigerians believed.

He further disclosed that the benefit of the bill is that most practitioners would be supported by financial institutions, and it should not be all comers affair especially by foreigners who takes no interest on what happened in the enviroment as their only interest is to make dollars and send back to their countries.

“The merit is that business would grow, water quality would be protected and it prevents any earth tremor because people can control any activities they are doing and by the time they get license, governm ent are getting taxes to take care of you and I.”

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“This could be an additional means where government can get money, not from the poor but for the rich that has taken advantage of activities. Let us open our eyes and read the bill very well. A lot of people that are commenting on the bill has not read the bill, they want to put political attributes to it, let’s expunged that part and let us see the activities.”

He said that the demerit is all about how the bill has been presented adding that Nigeria as a nation must allow regulations in its developmental efforts in order for it to move forward.

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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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