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FG’ll Go After Economic Saboteurs Next Year, Bamidele Reveals

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Senate Leader, Michael Opeyemi Bamidele
Senate Leader, Senator Michael Opeyemi Bamidele
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Insists N’Assembly will pass 2023 appropriations bill on Dec. 30

The Leader of the Senate, Senator Opeyemi Bamidele has revealed that the federal government will, from next year, go after economic saboteurs who made lives difficult and unbearable for Nigerians.

Bamidele, also Chairman of the Southern Senators Forum in the ninth National Assembly, insisted that the National Assembly would pass the 2024 appropriations bill on December 30 to sustain the January-December budget cycle.

He made this disclosure at a session with journalists in Iyin Ekiti on Monday, saying all federal lawmakers would have to cut short their holidays to ensure speedy passage of the 2024 appropriations bill.

At the session, Bamidele expressed grave concerns about the activities of economic saboteurs who were doing everything to keep exchange rates high against the Naira or trying to make the Naira unavailable to the people who kept their money in banks.

He therefore revealed that the federal government “will, from next year, go after economic saboteurs who are making life difficult and unbearable for Nigerians. The federal government will charge, prosecute and punish them for their acts of economic sabotage.

“All these will take place next year. In the long run, those who mopped up the Naira and Dollars from the markets will face the consequences of their actions. Those who mopped up the Dollars to keep commodity prices will definitely not escape justice.

“Those who are speculating are also on the watch list of the federal government. At some points, the federal government will have to go after them,” the senate leader revealed the plan of the federal government.

Beyond all these activities of economic saboteurs, Bamidele assured Nigerians that Nigeria would witness a true era of Renewed Hope that would herald development, progress and prosperity, citing diverse plans the administration of President Bola Ahmed Tinubu had put in place to transform the national economy.

He revealed the plan of the federal government “to invest heavily in agriculture and agro-allied industries. We are equally doing all we can to harness our solid minerals potential as much as what we derive from the sale of crude oil. We are determined to sustain the daily production of 1.7 million barrels.”

Providing further updates on the 2024 appropriation bill, the senate leader assured Nigerians that the National Assembly would pass the budget on December 30.

“To ensure the passage of the budget, We abridged time to make all ministries, departments and agencies appear before the joint sitting of all the relevant committees of both the Senate and House of Representatives.

“This has already reduced the time for the budget defence process by half rather than appearing before the Senate first and House of Representatives later. The resolution has also removed the need for harmonisation. In essence, we have been able to save time.

“We have also been sitting beyond our regular sitting days. We have sat on Saturdays. We may even sit on Sunday as we are approaching another year. We only give ourselves three days to go home and celebrate Christmas.

“We are reconvening on December 29. Our hope and determination is to pass by December 30. On January 1, 2024, Mr President will have the 2024 appropriation bill at his desk for assent so that its implementation can take off in earnest,” Bamidele explained.

Speaking about the consequence of fuel subsidy removal, Bamidele said the federal government was not unmindful of its impact on Nigerians, though defended the decision of the federal government to it.

He explained that the federal government took the decision in the best interest of Nigerians because Nigerians were not really benefiting from the fuel subsidy regime.

He said: “We are not unmindful of the immediate impact of the fuel subsidy removal. But we are convinced subsidy removal is a right decision taken because no other person than a cabal in the oil and gas industry and their promoters in the government were benefitting from the fuel subsidy regime.

“No one else is actually benefiting from the fuel subsidy. It was not about the people because the masses were not benefitting from it in any way. It was a major source of bleeding in our economy.

“This administration did the right thing by putting an end to the fuel subsidy regime. Part of what we have seen after the fuel subsidy removal was a fight back from those who were the beneficiaries of the fuel subsidy regime.

“They are doing everything possible to make sure the pump price of premium motor spirit goes up because we are more of a consumer economy. We do not produce. A lot of things we are consuming in Nigeria are imported.

“What this means is that if Naira is devalued either consciously against the Dollars or commodities imported to Nigeria, we have to spend more to bring these things. The supplier will have to sell them at a higher rate. This trend is making commodity prices go out of the reach of the Nigerians.

“People’s income has not increased. Yet, they have to pay double for a bag of rice today compared to what they paid one or two years ago. This is extremely painful for all Nigerians. How many Nigerians can afford a bag of rice today without a corresponding increase in their income?

“Nigerians are working so hard. But the prices are rising out of their purchasing powers. These are some of the immediate effects of very drastic economic decisions taken by the federal government. But its long term effect will, God’s grace, stabilise the economy.”

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FG Inaugurates FUTES Governing Council, Says University Open Next Session

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Senate Leader, Senator Opeyemi Bamidele
Senate Leader, Senator Opeyemi Bamidele
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***Bamidele Donates Three Vehicles, One Ambulance, Others To The University

The federal government has inaugurated the Governing Council of the Federal University of Technology and Environmental Sciences (FUTES) in Iyin Ekiti, Ekiti State alongside its principal officers, disclosing that the newly established institution will kick off full operations in September 2025.

Shortly after the inauguration, Leader of the Senate, Senator Opeyemi Bamidele officially donated two Toyota Coaster Buses, one Toyota Hilux Utility Vehicle, one Toyota Hiace Ambulance and two motorcycles, among others, to the university to fast-track its takeoff as scheduled.

The Minister of Education, Dr. Tunji Alausa inaugurated the governing council and principal officers of the university on Tuesday in Abuja, saying the university was created to develop manpower in areas the country was having a human capital deficit.

At the inauguration were the Minister of State for Education, Prof. Suwaiba Ahmad; Pro-Chancellor and Chairperson of the University Governing Council, Senator Binta Garba; Vice Chancellor of the university, Prof. Olugbenga Aribisala and Chief Executive Officer, Premium Trust Bank, Mr. Emmanuel Emefienim, among others.

During the inauguration on Tuesday, the minister commended President Bola Ahmed Tinubu for paying special attention to the country’s education sector, disclosing that the Ministry of Education received the third highest budget for the first time in the history of Nigeria.

Alausa added that the newly established university would kick off full operations in September 2025, disclosing that the Federal Ministry of Education had officially briefed the National Universities Commission and Joint Admissions and Matriculation Board to add it to the list of the country’s universities.

The minister justified the establishment of the university, which according to him, perfectly aligned with the action plan of President Bola Ahmed Tinubu to speed up the development of human capital in Science, Technology, Engineering and Mathematics (STEM) and create limitless opportunities for the country’s upcoming generations.

He explained that the newly established university would focus on training and producing graduates in core areas of specialisation where no fewer 2.2 millions job opportunities “are presently available, though nobody is available to take up those opportunities.”

Unlike most of the universities currently in operation, the minister noted that FUTES would be producing high-demand manpower for national development in the area of software engineering, proactive security, cloud computing, IT automation, quantum computing, artificial intelligence and machine learning.

He said: “As part of our Nigeria Education Sector Renewal Initiative (NESRI), we have an expansive focus on Science, Technology, Engineering, Mathematics, and Medical Sciences. Why does this university focus on these areas? What necessitated the establishment of this university? How can we equip our teeming youths with these much-needed skills?

“The need to bridge the human capital deficit in these core areas spurred the birth of FUTES. The university will equip our teeming youths with high-tech skills that the country’s digital economy requires to blossom. It will also equip our youths with high-income skills they need to help themselves, their community they live in, our country and the world at large.

“We need these skills to shape geo-politics in the 21st century. If you go to countries in Europe and North America, the population is ageing fast. They do not have enough people to serve the manpower they need. If we position ourselves well, we will be able to give them the manpower they need in the decades ahead. We can continue to shape geopolitics if we prepare ourselves to fill this gap. That is what President Tinubu is quietly doing in our education sector. He is investing in education to equip our youths with durable skills that are in high demand globally.

Also at the inauguration, Bamidele commended the minister for what he did to ensure that President Tinubu signed the bill establishing the Federal University of Technology and Environmental Sciences, Iyin Ekiti into law.

Before the bill was signed into law, Bamidele explained how the host community went into work; set up a take off committee and secure a location for the new university to demonstrate their readiness for the institution.

He further explained that the host community made all these efforts even when they had not known what the decision of the president would be, who would chair the university’s governing council or where the principal officers of the university would come from.

According to the senate leader, at least seven retired professors from the host community of the university were utterly committed to its seamless takeoff. One of the retired professors, Late Prof. Ekundayo Adeyinka Adeyemi, was the first professor of architecture in West Africa. He was the one who suggested that “Environmental Sciences should reflect in the name of the institution

Bamidele, therefore, called for a one-minute silence in honour of Late Prof. Akinyemi the first professor of architecture in West Africa, who recently passed on while still in active service to his community, state and his fatherland.

Speaking at the inauguration, Aribisala explained the distinctiveness of the university is unique, saying it was the first of its kind in the history of Nigeria, which would offer specialised programmes.

The programmes, according to him, will include Robotics and Mechatronics Engineering, Biomedical Engineering, Forestry and Environmental Management, Industrial Designs, Cyber Security, Data Science and Economics, Artificial Intelligence and Software Engineering, among others.

Aribisala noted that the vision of the university was “to create a 21st century world-class institution that is a reputable citadel of learning and a global player in the knowledge production, a university that is ICT-driven and residential for both staff and students.

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Senate Approves Establishment of Federal Universities in Ilaro and Kachia

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Nigerian Senate
Senate in Session
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The Nigerian Senate, on Tuesday, approved the third reading of two bills aimed at establishing the Federal University of Technology in Ilaro, Ogun State, and the Federal University of Applied Sciences in Kachia, Kaduna State.

The approval followed the presentation of a report by the Senate Committee on Tertiary Education and TETFUND, chaired by Senator Dandutse Mohammed (APC, Katsina South).

The report supported the creation of these two institutions to promote higher education and technological advancements in Nigeria.
According to the committee’s report, the establishment of the Federal University of Technology in Ilaro is based on the upgrading of the existing Federal Polytechnic Ilaro to a full-fledged university.

The bill for this upgrade was sponsored by Senator Solomon Adeola (APC, Ogun West) and was first introduced during the 9th Senate but did not pass at the time.

In a related development, the Senate also passed the bill for the establishment of the Federal University of Applied Sciences in Kaduna State. However, the committee recommended changing the institution’s location from Manchok, as initially proposed by the bill’s sponsor, Senator Sunday Katung (PDP, Kaduna South), to Kachia, Kaduna State.

After a detailed clause-by-clause review of the reports, the Senate passed both bills for the third reading, moving them closer to becoming law and enabling the establishment of the two universities.

 

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Kogi State Approvess ₦72,500 New Minimum Wage for Civil Servants  

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Kogi State Governor, Ahmed Usman Ododo
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 Kogi State Governor, Ahmed Usman Ododo, has unveiled a new minimum wage of ₦72,500 for civil servants in the state, effective immediately.

This development comes after 17 state governors, including Kogi, established committees to implement the new minimum wage.

The unveiling ceremony took place at the Conference Hall of Government House, Lokoja.

Governor Ododo’s administration has been working tirelessly to enhance the welfare of civil servants and promote economic growth in the state.

Gov Ododo who noted that the effective date of the Minimum wage administration is with immediate effect also declared that the tax burden of the Minimum wage on the Civil Servants has been suspended for one year.

In his words “after taking a look at all the indices and to alleviate the financial burdens of the Civil Servants, we have graciously approved the total sum of ₦72,500 an the new minimum wage for the state’s Civil Servants.

Governor Ododo’s commitment to improving the lives of civil servants is evident in his administration’s efforts to provide better working conditions, social security, and fair wages. This move is expected to boost morale and productivity among civil servants

The governor has also demonstrated his dedication to the development of the State, with initiatives such as infrastructure development, agricultural reform programs, and improved healthcare services.

 

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