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FEC Now Meets On Monday

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President Bola Ahmed Tinubu
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President Bola Tinubu has approved the conduct of the Federal Executive Council (FEC) weekly meeting to be held every Monday.

The Minister of Information and National Orientation, Mohammed Idris, disclosed this to State House correspondents after the FEC meeting presided over by Tinubu in Abuja on Monday, October 16, 2023.

The FEC meeting which is presided over by the president and attended by cabinet members is always held every Wednesday.

The minister said Tinubu approved Mondays for the holding of the weekly FEC meeting instead of the Wednesdays adopted by the previous administrations.

“This does not, however, mean that it will hold every week. If there is any need to postpone it, that will be done and pending matters will be forwarded to the next Monday,” Idris said.

Also speaking, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the meeting approved the application for financing from the World Bank’s International Development Association (IDA).

Edun stated that the country was able to access $1.5 billion from the IDA, which is the virtually free or zero-interest lending arm or financing arm of the World Bank.

He said: “Nigeria has been able to make the kind of macro-economic moves to take the tough decisions to restore balance in the economy in the government’s finances that has warranted support.

“This had engendered support from the multilateral development banks.

“It is on this basis that the World Bank is willing to consider and to process on our behalf $1.5 billion of concessional financing, relatively cheap financing, and financing that will be dispersed relatively quickly.”

Edun disclosed that another $80 million financing from the African Development Bank was approved by the FEC for the Ekiti Knowledge Zone (EKZ) project aimed at empowering the youths in the sector of Knowledge Economy through technology and communications.

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Akpabio, Oshiomhole Clash in Senate Over New Leadership Rules

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A mild drama unfolded in the Nigerian Senate on Wednesday as Senate President Godswill Akpabio and Senator Adams Oshiomhole engaged in a heated exchange during plenary.

The incident came just a day after the Senate amended its Standing Orders to tighten eligibility requirements for leadership positions.

Trouble began when Akpabio started reading the Votes and Proceedings from Tuesday’s sitting. Oshiomhole interrupted by raising a point of order, but Akpabio quickly ruled him out, explaining that Senate rules do not permit such interruptions at that stage.

Despite the clarification, Oshiomhole insisted on being heard.

To settle the matter, Akpabio called on former Chief Whip, Orji Uzor Kalu, to explain the rule. Kalu confirmed that points of order are not allowed during the consideration of Votes and Proceedings.

However, Oshiomhole continued to press his objection, drawing the attention of Senate Whip Tahir Monguno, who warned him against disrupting proceedings and hinted that disciplinary measures could be taken.

Akpabio then resumed the session, directing senators to specific pages of the Votes and Proceedings and urging them to familiarize themselves with the chamber’s rules.

In a stern remark, the Senate President cautioned Oshiomhole against further disruption, warning that he could be sanctioned if he became unruly.

Following the exchange, the Senate moved on with its business. Senator Adamu Aliero later moved for the adoption of the Votes and Proceedings, which was seconded by Senate Minority Leader Abba Moro.

The confrontation is believed to be connected to the Senate’s recent amendment of its Standing Orders. Under the new rule, only senators who have served at least two consecutive terms immediately before nomination are eligible to contest for presiding offices.

This change effectively disqualifies Oshiomhole from contesting for any presiding position in the current Senate.

Proceedings eventually continued without further disruption.

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Tinubu Nominates Joseph Tegbe as Minister of Power

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Joseph Tegbe
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President Bola Tinubu has asked the Senate to confirm the nomination of Joseph Tegbe as a minister.

The request was contained in a letter read on Tuesday by Senate President Godswill Akpabio during plenary. Tinubu said the nomination was in line with constitutional provisions and urged the Senate to give it quick consideration.

Akpabio assured lawmakers that the request would be handled promptly and referred it to the committee of the whole for immediate action.

Earlier, presidential spokesman Bayo Onanuga announced the nomination, noting that Tegbe is an economic and fiscal reform expert with over 35 years of experience in both public and private sectors.

Tegbe, an indigene of Oyo State, previously served as a senior partner at KPMG Africa and has advised government and private organisations on policy reforms and investment strategies.

The nomination follows the resignation of former Minister of Power, Adebayo Adelabu, who stepped down to pursue his governorship ambition in Oyo State.

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Obi Dumps ADC, Cites Internal Crisis and Division

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Former presidential candidate of the Labour Party, Peter Obi, has announced his resignation from the African Democratic Congress (ADC).

 

Obi disclosed this in a statement shared on his verified X handle on Sunday, explaining that his decision was not influenced by any personal grievances with the party’s leadership.

 

He noted that he holds the party’s National Chairman, David Mark, in high regard, as well as former Vice President, Atiku Abubakar, whom he described as a leader and elder brother. According to him, none of them treated him unfairly.

 

The former Anambra State governor, however, expressed concern over what he described as growing instability within the party. He alleged that the same systemic issues that destabilised the Labour Party—such as internal conflicts, prolonged court cases, and divisions—are beginning to surface within the ADC.

 

Obi added that these developments are diverting attention away from addressing critical national challenges, accusing the political system of prioritising control and exclusion over genuine service and nation-building.

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