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Nigerians React To Revelation N826b Annual Fund Needed To Combat Insecurity

Nigerians have taken to socal media to react after the director of Production, Defence Headquarters of the Nigerian army , Air Vice Marshall M. A. Yakubu, revealed that the country needs to raise a minimum of $2 billion dollars (about N826 billion) per annum in the next three years to combat insecurity.

The Vice Marshall M. A. Yakubu disclosed this during a public hearing on the Armed Forces Support Trust Fund Bill. He explained that the nation needs a lot of money to fund the fight against insecurity.

He said: “If we are not able to raise a minimum of $2 billion dollars (about N826 billion) per annum in the next three years for a start, subsequently maybe we can begin to taper down the percentages. But for a start, we need a bulk sum because of many of these manufacturers of equipment require 100 percent down payment to even start production. So you cannot sign a contract example with the US manufacturers and pay 15 percent mobilization as required by the procurement act.

“Nobody would look at you. Their terms must be followed. Many times we are asked to pay 100 per cent. The example is the super tucano. This one is on government to government. They insisted 100 payment within 30 days. No budgetary allocation would fund that,”

His statement irked some social media users as they slid under . and reacted.

@dots_a “Let’s just sell the country and give proceeds to the military to fight insecurity. This whole thing is business we are just crying insecurity for nothing. That’s about N1trillion annually” emydon4me1 “After spending all that money will catch them and let them go to continue from where they stopped.”

@Onyiax9 “Baffles me how we spend so much and yet the bandits are the ones getting improved weapons … just me thinking aloud Zipper-mouth faceZipper-mouth faceZipper-mouth face” @AmooAdebowale2 “Why not sell Nigeria to combat insecurity”

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AFRIMA President speaks on fostering collaboration within African music community as BridgeAfric launches in Malawi |

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The President/Executive Producer, All Africa Music Awards, AFRIMA, Mike Dada, would be sharing his thought at the BridgeAfric’s Southern Africa launch in Malawi on March 23, 2024.

It is in continuation of promoting and showcasing African artistes, providing them with platforms to reach a global audience beyond their home countries,

BridgeAfric is a revolutionary initiative aimed at connecting African artistes and industry professionals across the continent led by the dynamic Victoria Nkong.

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With the theme; importance of fostering collaboration within the African music community, Dada would be speaking on the significance of working together in promoting African music on a global scale.

In his statement, the AFRIMA President noted that there are potential for growth and success that come from uniting artistes, producers, and other stakeholders in the industry.

Dada, who lauded BridgAfric for its efforts in connecting Malawians artistes with industry professionals, helping them to build their careers and reach a wider audience, said he is committed to supporting initiatives like BridgAfric that empower African artists and promote the rich diversity of African music. He believes that by working together, they can create a more vibrant and inclusive music industry that celebrates the talent and creativity of artists from across the continent.

“This is very significant for the growth, development and promotion of the arts and music industry in Africa, especially when you look at it from the point of view of collaborations, the Malawi music industry and connecting to the center of the journey of the ongoing movements and the development of the African industry to the global audience,” Dada submitted.

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South African billionaire commits suicide

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A South African billionaire, Markus Jooste has committed suicide as he was found dead with a gunshot wound near Cape Town.

It was reported that the billionaire shot himself in the head while taking a walk just few minutes from his Stellenbosch home.

The former Steinhoff CEO had been involved in an accounting fraud scandal as he got a hefty fine on Wednesday.

Police are investigating, stating that no foul play is suspected.

“It is alleged that the victim sustained a gunshot wound at around 1520 (local time) at Kwaaiwater and succumbed to death on his way to hospital,” Western Cape police spokesperson Colonel Andre Traut said in a statement.

Jooste’s death comes after a fine from the Financial Sector Conduct Authority for false financial statements linked to Steinhoff’s near-collapse in 2017 due to accounting irregularities. 

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El-Rufai Speaks On Dumping APC For SDP

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A former Governor of Kaduna State, Nasir El-Rufai, has denied rumours of his planned defection of the All Progressives Congress (APC) to the Social Democratic Party (SDP).

El-Rufai made an unexpected appearance at the SDP National Secretariat in Abuja on Wednesday.

The National Chairman of the SDP, Shehu Musa Gabam, and other chieftains of the party received the former Kaduna governor.

Reacting in a statement on Thursday issued by his spokesman, Muyiwa Adekeye, El-Rufai said he only visited the SDP headquarters to return a visit to the party’s chairman.

The former Minister said Gabam was among his friends who took part in the break of the Ramadan fast (Iftar) at his house in Abuja on Tuesday.

El-Rufai said he is known for being open and forthright, adding that his political decisions would not be subjected to speculation.

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