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Prioritize safety of investments in Nigeria, Lawan tells FG

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Senate President Ahmad Lawan
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President of the Senate, Ahmad Lawan, has said that efforts by the Federal Government to prioritize the safety and security of private sector investments across the country would guarantee an improved economy for Nigeria.

Lawan stated this on Wednesday in his remarks moments after the upper chamber considered a bill to enact the Public-Private Partnership Regulatory Commission Bill 2021.

The bill which scaled second reading during plenary was sponsored by Senator Muhammad Adamu Aliero (APC, Kebbi Central).

According to the Senate President, the provision of a safe environment which allows ease of doing business would encourage public-private partnerships needed to drive investments and develop the various sectors of the economy.

He, therefore, called on the executive to ensure that the Public-Private Partnership Regulatory Commission bill, is assented into law when eventually passed by the National Assembly.  

Lawan said, “Let me say that our country at this point and, indeed, at any point, should embark on public private partnership to ensure that we free our scarce resources for social development, particularly education and health, and similar sub-sectors.

“I believe that at this point in our history, with very limited resources, we need to encourage the private sector to participate in the development of infrastructure in our country.

“[And] of course, this is the practice, but one thing is clear, that we have to provide a convenient and safe environment for the public and private sector to be convinced that their investments would provide the kind of return that they aspire to get, and that there’s the legal framework to protect their investments.

“No matter how hard we wish to encourage the private sector to participate in our economy, if the investments do not appear to be fully protected, or they feel unsafe, we will be disappointed.

“So, I believe that this is a very important bill. And it is for us in government – both the executive and the legislature – particularly the two arms government, to work hard to provide the kind of climate of ease of doing business, security and safety to promote and protect private sector investments in our country.

“I believe that Nigeria has the kind of population that will encourage any private sector investment to come.

“What may be a setback at the moment, is the security challenge that we face, but thank God we are doing well and would continue to do so, but this is one bill that all of us in the legislature and executive arm of government would like to see become a law that will also be fully implemented for the benefit of our country.”

Senator Aliero, in his lead debate on the Public-Private Partnership Regulatory Commission Bill 2021, said the piece of legislation seeks to repeal the Infrastructure Concession Regulatory Commission (Establishment) Act 2005 and enact the Public Private Partnership Regulatory Commission Bill 2021.

According to the lawmaker, “One of the major challenges affecting the growth of the Nigerian economy is the huge deficit in both the areas of social and economic infrastructure; roads, railway, seaports, and airports, the provision of affordable health care and medical facilities to mention a few.

“To bridge this gap, massive investments must be made in the expansion of the country’s infrastructure services well beyond the resources and capacity of the government, which has been solely responsible for the provision of such infrastructure.”

The bill after scaling second reading was referred by the Senate President to the Committee on Works.

The Committee was given four weeks to report back to the chamber in plenary.

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Achieving SDG Will End Poverty, Hunger, And Insecurity In Nigeria – Buhari 

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President Muhammadu Buhari
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President Muhammadu Buhari has stated that Nigeria is accelerating efforts to achieve the SDG by 2030 to guarantee an end to poverty and hunger, protect the ecosystem and ensure Nigerians live in peace and prosperity by 2030.

Buhari made the declaration on Friday when he officially unveiled the Nigeria Integrated National Financing Framework (INIFF) report, a high-level event in collaboration with the UNDP and EU, on the sidelines of the 77th session of the UNGA.

He expressed satisfaction that the process leading to the NIFF which started in 2020 finally crystalized into the launch, underpinning the importance placed by the present administration towards achieving the goals.

The President explained that the various developmental plans and programmes for the country have all been aligned with the SDG and are poised to advance the nation’s economy in spite of the challenges that have confronted the country.

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Atiku Copied Buhari’s Economic Blueprint – Lai Mohammed

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Lai Mohammed and Atiku Abubakar
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The Federal Government has tackled the People Democratic Party [PDP] Presidential candidate Atiku Abubakar for allegedly copying President Muhammadu Buhari economic blueprint in his recently unveiled Economic programme.

Minister of Information and Culture, Lai Mohammed described Atiku Blueprint as a
“crude attempt at copying all that the administration of President Muhammadu Buhari has done’’.

Speaking at a news conference in Abuja, the Minister said the blueprint is a poor version of the present government’s economic strides.

“Let me say, straight away, that the so-called blueprint is a crude attempt at copying all that the Administration of President Muhammadu Buhari has done, especially in the areas of job creation, infrastructure financing, relationship with the private sector, rejuvenation of the power sector, poverty reduction, debt management and the overall management of the economy,” Mohammed asserted.

The minister expressed shock that an opposition party that has on several occasions criticized its policies is currently adopting it for its campaign,

According to Him, the present administration has made giant strides through its economic blue print which has translated into the creation of over three hundred and two thousand jobs and over eight thousand kilometers of road across the country amongst others.

 

 

 

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I Will Leave Legacy Of Free-And-Fair Elections, Buhari Tells UNGA

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President Muhammadu Buhari
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President Muhammadu Buhari on Wednesday promised to leave a legacy of free-and-fair elections as his eight-year tenure comes to an end in May 2023.

The President made this known in his last address before world leaders at the 77th session of the United Nations General Assembly in New York, the United States.

“Indeed, we now are preparing for general elections in Nigeria next February. At the 78th UNGA, there will be a new face at this podium speaking for Nigeria.

“Ours is a vast country strengthened by its diversity and its common values of hard work, enduring faith and a sense of community. We have invested heavily to strengthen our framework for free and fair elections. I thank our partners for all the support that the have provided for our elections.

“As President, I have set the goal that one of the enduring legacies I will like to leave is to entrench a process of free, fair and transparent credible elections through which Nigerians elect their choice,” Buhari said.

The President, who reiterated his commitment to constitutional limit, said Nigeria has stood for democracy and the rule of law as a country and in the sub-region in countries such as The Gambia, Guinea Bissau, and the Republic of Chad.

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