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Nigeria is at war against all manner of insecurity. The military needs more funding

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The House of Representatives speaker, Femi Gbajabiamila, says the military needs more funding because Nigeria is at war against many forms of insecurity.

 

Gbajabiamila said this at a public hearing on a bill seeking to establish a special trust fund for the armed forces today May 17. According to Gbajabiamila, the widespread insecurity in the country has made extra funding for the military a necessity.

 

“Even with these extensive and wider examination of our security challenges, we cannot exclude the need for and benefit of a well-equipped and better trained military in the fight against all forms of insecurity.

It is a historic fact that countries during war times do not fund their military through regular appropriation alone. From the USA, to the United Kingdom and all Western powers; their military was funded through extra budgetary means during periods of war.

Nigeria is at war against insurgency, terrorism, kidnapping and all manner of insecurity; hence the need to uplift the resources available to our armed services to enable them procures the best tools to help win this war. So, what we seek to do in this Bill is not new or unique to us as a nation.

The solution to our security challenges requires asymmetric actions across many policy areas. This is what we have tried to do as the representatives of the people. The concept of a Trust fund already exists for the Nigerian Police.

It only makes sense to also bolster our military capability as well through this unique vehicle. In this Bill; the board of the trust fund is full of eminent Nigerians from all walks of life; this should give confidence to all of the depth of knowledge and experience that will be available to manage this fund. The national assembly will equally play its part in over sighting this work of this Trust Fund.”

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ASUU begins indefinite strike in Nigerian varsity

On Thursday, May 2, the Academic Staff Union of Universities (ASUU) University of Abuja chapter has commenced an indefinite strike.

Dr. Sylvanus Ugoh, Chairman of the Branch, acknowledged the event, saying the resolution was made during a congress meeting held at the institution’s Permanent Site.

Platinumpost reports that members of the UniAbuja chapter of ASUU have been at loggerheads with the outgoing Vice-Chancellor, Prof. Abdulrasheed Na’allah and the Minister of Education, Prof. Tahir Mamman over the processes for the appointment of a new VC.

An advertorial that surfaced in a national daily on March 15, 2024, sought a replacement for Na’Allah.

However, ASUU members, in a conference, rejected the ad, declared it “illegal,” and stated that it was not from the governing council.

Ugoh noted that the Universities Miscellaneous Provision Act 1993 as amended; 2003 and 2012 (Section 3, subsections 1 and 2) empowers only the governing council to advertise the VC’s seat when declared vacant.

“You will recall that the university administration placed an advert on the vacancy of the post of a Vice-Chancellor on Friday 15th March 2024,” Ugoh had said.

He argued that no other organ or individual is legally vested with the power to initiate the procedure of appointing a successive VC.

More to follow…

 

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Lagos GDP Hits N41trn – Ranks 7th In Africa

During the ongoing ministerial press briefing to commemorate the first year in office of the second term of Governor Babajide Sanwo-Olu, the Commissioner for Economic Planning and Budget, Mr. Ope George, revealed that the Gross Domestic Product (GDP) of Lagos State has experienced significant growth under the current administration.

Lifestyle Nigeria reports that the GDP has increased from N27 trillion to N41 trillion within a span of four years.

The development highlights the impressive strides that the state has made in its economic development and positions Lagos as a leading contributor to Nigeria’s overall GDP.

According to George, “Over the last couple of years, Lagos had face numerous challenges particularly when COVID 19 and Endsars struck.

“And so we have had a lot of shocks within our system over the last couple of years and with everything going on around the world.

“We are currently riding the curve and we are coming out on a better side. “You hear sometimes when they say Lagos is one of the largest economies in Africa and truly, it’s not static, we will continue to move based on what’s going on in the world.

“As we speak now, I believe that we are currently ranked 7th in terms of GDP in Africa. “We contributed at least a minimum of over 20 per cent of Nigeria’s GDP and you will find that over a period of review, during the first term of Mr Governor, we are moving in the right direction.

“Our GDP has moved from about N27trn to N41 trillion, everything shows that our indices are climbing in the right direction despite all the shocks and all the problems we have witnessed in the past.”

GDP is the standard measure of the value added created through the production of goods and services in a country during a certain period.

Otherwise, is the monetary value of all finished goods and services made within a country during a specific period.

Meanwhile, World Economics Research, London, showed the official estimate for Nigeria’s GDP was $1.116 trillion at the end of 2023 in Purchasing Power Parity Terms, PPPT.

World Economics has developed a database presenting GDP in PPPT with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

World Economics estimated Nigeria’s GDP to be $2.113 trillion- 89% larger than official estimate.

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BREAKING: Alleged Mastermind Of Abuja-Kaduna Train Attack, Moniker Mandi, Arrested – Lifestyle Nigeria

Operatives of the Nigeria Police Force have made a significant breakthrough by apprehending the alleged mastermind behind the violent assault on the Abuja-Kaduna passenger train in March 2022.

The development was disclosed during a press briefing held in Kaduna on Thursday, May 2, 2024, by the Police Public Relations Officer, ACP Olumuyiwa Adejobi.

Identified as Ibrahim Abdullahi, who also goes by the ominous moniker of Mandi, the suspect’s arrest marks a pivotal moment in the investigations into the unfortunate Abuja-Kaduna train attack.

ACP Adejobi revealed that Abdullahi was also involved in the abduction of students from Greenfield University in 2021, shedding light on the extent of his alleged criminal activities.

Source: Politics Nigeria

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