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Tinubu’s economic diplomacy blooming – Ministers

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The Minister said this while briefing State House Correspondents after a meeting with the president in Lagos on Sunday.

Edun said the president had embarked on fruitful economic diplomacy on all the continents: Brazil in South America; China and India in Asia as well as Germany and France in Europe, and elsewhere.

He said, as a follow up on economic diplomacy, he led a delegation to Riyadh, Saudi Arabia, recently, to ensure the success of the developing relationship between him and Mohammed bin Salman, the Crown Prince.

The News Agency of Nigeria (NAN) reports the delegation included Sen. Abubakar Bagudu, the Minister of Budget and National Planning and Mr Wale Tinubu, a member of the Presidential Economic Coordination Council.

Others were: Ms Sanyade Okoli, Special Adviser to the President on Finance and the Economy and Mr Muhammad Abdullahi, Deputy Governor, Central Bank of Nigeria (Economic Policy).

The delegation held talks with Saudi EXIM Bank, the Saudi Development Fund and the Saudi Agricultural and Livestock Investment Company (SALIC) to advance ongoing conversations about their investments in Nigeria.

“Twice in the last year, Mr President has been in Saudi Arabia, had meetings with the Crown Prince and talked about trade, economic cooperation, financial cooperation and collaboration.

“We just followed up on some of those leads across the various opportunities for foreign direct investment, trade partnerships and for even financial investment,” said Edun.

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He said the Saudi Agricultural Livestock Investment Company had on December 23 increased its investment in Olam by $1.2 billion.

Edun said the president had taken steps to stabilise the Nigerian macroeconomic environment to encourage such investments in the country.

The minister said the takeaways from the visit included prospective investments, foreign exchange and jobs for Nigerians.

“If you look at the demographics of Saudi Arabia, to the extent that they are investing abroad, they are not going to be exporting their people, they’re not like some of the other big, populous countries of Asia.

“So, clearly, where they invest, that is jobs for Nigerians. That’s the simplest way I would put it.

“The Olam transaction was a long time in the works; it was first discussed at the first Business Council Meeting held last year in Saudi Arabia, and it materialised this year,” said Edun.

Also speaking with State House correspondents, Bagudu said the Saudis saw in Tinubu somebody who was changing his country, just like they had transformed their own country.

He said Salman, the Crown Prince of Saudi Arabia, was faced with a people who believed they were wealthy, and felt entitled.

“He came as a leader and he said, well, you might be rich, you might be entitled, but our economy is not passing the right direction.

“So, he introduced reform measures, which were unusual then in Saudi Arabia; removal of oil subsidies, introduction of VAT legislation, among others.

“I have a receipt here, when I ate food, I noticed that the VAT was 15 per cent. But today, Saudi Arabia is turning into a wonderland, an amazement in investment; money is flowing,” said Bagudu.

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According to him, the Saudis appreciate Tinubu, who is facing a greater challenge, but yet took on those reforms.

“You can see clear confirmation that they want to stand by this leader, because he has taken risks that are unusual and they celebrate his courage and capacity.

“For me, that is the number one achievement for our country. The relationship will blossom such that our reserves and our economic ties will improve with the kingdom,” he said.

Bagudu said he was confident that more investments would follow the engagements of the Nigerian delegation to Saudi Arabia.

On the prospects of the economy in 2025, he said the economy had turned the corner.

“I think we have made the tough choices, we have seen the worst we could see and is not unexpected.

“So, what we expect to see in 2025 is a better economy, lower inflation, more employment opportunities, more support for businesses, more infrastructure development.

“We also expect more funding of security and better security, and all those priority areas; human capital development, education, health.

“We’re sure to see more in that direction, and the quality of life will get better,” Bagudu said. (NAN)

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Nigeria, UAE to resolve visa for Nigerians

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The Ministry of Foreign Affairs has announced that the Federal Government and the United Arab Emirates (UAE) will resolve issues related to visa procurement for Nigerians seeking to travel to the UAE.

The Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu, made this known in a statement following the visit of Amb. Salem Alshamsi, the UAE Ambassador to Nigeria.

Odumegwu-Ojukwu explained that the decision was made during a meeting with Alshamsi.

She acknowledged that Nigerians had faced difficulties in obtaining UAE visas, especially tourism visas.

This challenge, according to her, persisted in spite of the warm diplomatic relations and strategic partnerships between the two countries.

“Nigeria has remained committed to the relationship. The city of Dubai in the UAE has become a popular destination for many Nigerians.

“Officially, about 12,000 Nigerians live in the UAE, ranging from unskilled workers to professionals and students across various institutions,” she said.

She noted that in 2015, nearly a million Nigerians visited the UAE, particularly Dubai, spending between 100 million dollars to 150 million dollars on visas alone, and more than 1 billion dollars on shopping, school fees, tourism, and other activities.

Odumegwu-Ojukwu stressed the need for a more balanced economic relationship between both countries.

The minister further mentioned concerns regarding the current visa status for the UAE, noting that even some top Nigerian government officials had raised their concerns.

She also pointed out that a joint commission between the two countries was due after the one hosted by the UAE in 2022.

Odumegwu-Ojukwu expressed appreciation to the UAE government for their recent donation of relief materials to flood victims in Nigeria, as well as vaccines for chickenpox patients to support Nigeria’s health institutions.

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“There is a need to communicate the new visa policy, if any, to Nigerians.

“We want to reciprocate by hosting the joint commission in Nigeria, where we will address various bilateral issues, including power, renewable energy, and more,” she said.

Alshamsi congratulated Odumegwu-Ojukwu on her appointment and lauded the progress made in the 50-year Nigeria-UAE relationship.

He acknowledged that visas for both government officials and private individuals had been issued over the past year and a half, with the process handled by an appointed agent.

He assured that the UAE was committed to resolving the visa challenges faced by Nigerians and emphasised that both countries would work together to foster stronger economic partnerships.

“We have issued more than 700 tourism visas since July 2024, and I have had zero visa rejections since I assumed office,” Alshamsi stated.

He also promised to continue signing agreements to further strengthen bilateral ties, with a major agreement expected to be signed ahead of the Nigerian president’s visit to the UAE in the second quarter of 2025.(NAN)

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Abacha’s Family Rejects Babangida’s Claim On June 12 Election Annulment

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The family of a deceased former Nigerian military leader,General Sani Abacha has said their patriarch was neither the Head of State nor the Commander-in-Chief when the June 12, 1993, presidential election was annulled.

According to the family, the decision to annul the election was made under the administration of General Ibrahim Babangida, who, as the then Head of State, held absolute executive powers and was solely responsible for his government’s actions.

Babangida, popularly known as IBB, alleged in his recently launched book, “A Journey in Service,” that the late General Abacha was responsible for annulling the June 12, 1993, presidential election.

However, refuting the claims, Mohammed Abacha said any attempt to shift that blame to the late General, a senior military officer within the regime, was a deliberate distortion of historical facts.

Mohammed said the memory of their late father and leader, General Abacha, must not be tarnished by baseless accusations meant to absolve those who were truly responsible.

“Our attention has been drawn to recent claims made by former Head of State, General Ibrahim Badamasi Babangida, in his newly launched book, “A Journey in Service”, where he alleged that the annulment of the June 12, 1993, presidential election was the responsibility of the late General Sani Abacha.

“These claims have sparked widespread controversy and necessitate a clear response from the immediate family of General Sani Abacha and the entire Abacha clan in the interest of historical accuracy and justice.

“It is important to state unequivocally that General Sani Abacha was neither the Head of State nor the Commander-in-Chief when the June 12 election was annulled. The decision to revoke the election was made under the administration of General Ibrahim Babangida, who, as the then Head of State, held absolute executive powers and was solely responsible for his government’s actions.

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“Any attempt to shift this blame onto General Sani Abacha, who was a very senior military officer within the regime, is a deliberate distortion of historical facts.

“For years, various actors have attempted to rewrite the history of that critical period in Nigeria’s democratic evolution. However, the facts remain unchanged. We urge Nigerians to be wary of revisionist narratives that seek to manipulate public perception for personal or political reasons. The memory of our late father and leader, General Sani Abacha, must not be tarnished by baseless accusations meant to absolve those who were truly responsible.

“Furthermore, we wish to emphasise that despite this unfortunate attempt to shift blame, General Sani Abacha remained a faithful and loyal friend to General Ibrahim Babangida until his death. He was a man of unwavering commitment to his comrades. We also find it necessary to state that when General Babangida’s life was under threat, General Abacha came to his rescue, ensuring his safety.

“We take this opportunity to express our heartfelt appreciation to the many Nigerians who have risen in defence of General Sani Abacha to set the record straight. Your unwavering commitment to truth and historical accuracy is deeply appreciated, and we acknowledge the outpouring of support from those who refuse to allow history to be distorted.

“As we reflect on Nigeria’s history, we acknowledge General Sani Abacha’s time in leadership and his role in the nation’s development. Like past leaders, his contributions remain part of our country’s history. We believe that history is best judged with fairness and objectivity,” he added.

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Natasha Allegation:Face Reality, Do The Right Thing, Saraki Tells Akpabio

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Bukola Saraki, former senate president, has asked Senate President Godswill Akpabio to “face reality and do what is right.”

Saraki was reacting to comments made by Akpabio, on Friday, when the senate president hosted some Niger Delta youth leaders.

Akpabio had said there were individuals in Adamawa and Kwara states who wish to see him removed from his position.

Though Akpabio didn’t mention names, former Vice-President Atiku Abubakar and Saraki, who are from Adamawa and Kwara respectively, had issued statements calling on the senate president to step aside regarding the case involving Natasha Akpoti-Uduaghan, senator representing Kogi central.

Akpoti-Uduaghan had accused Akpabio of making sexual advances towards her during a visit to his home in Akwa Ibom state.

The allegation was preceded by Akpoti-Uduaghan’s outburst against Akpabio over the seating arrangement in the senate chambers.

In a statement on Sunday signed by Yusuph Olaniyonu, his media aide, Saraki described Akpabio’s assertions as “cheap politics and trivialising of a serious issue.”

He reiterated the need for an open and unbiased investigation into the sexual harassment allegations made by Akpoti-Uduaghan.

“The attention of the Abubakar Bukola Saraki Media Office has been drawn to the statement made by Senate President, Senator Godswill Akpabio while addressing the leaders of some “youth ethnic groups” on Friday that certain individuals from Kwara and Adamawa States want him removed because he is from the Niger Delta region,” the statement reads.

“Ordinarily, Dr. Saraki would have ignored the statement as a sign of the times in which we now live. However, its underlying motive of politicising and trivialising a serious issue that threatens the integrity, credibility, and importance of the legislature is the reason why we think we should not allow the Senate President to create a misleading impression of the issue at stake in the all-important institution that the National Assembly represents in our democracy.

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“Dr. Saraki in his last comment on the Akpabio-Natasha Akpoti Uduaghan crisis never called on the Senate President to resign or step aside. Rather, he urged the Senate President to be conscious of the fact that perception is reality and therefore he should avoid treating the allegations by the Senator in a manner that will create the perception that the Senate as an institution is trying to cover up issues bothering on sexual harassment, gender discrimination, and abuse of office.

“Also, Dr. Saraki made it clear that his intervention was neither about Senator Akpoti-Uduaghan nor whether her claim was right or not. He stated that since the Senator has gone public with such serious allegations against the presiding officer, the image of the institution should be saved through an honest, sincere, open, transparent, and unbiased investigation.

“In that press statement, he also pointed out that there are already existing processes recommended in the Constitution, laws of the land, Senate rules, conventions, and precedents to be followed in carrying out such investigation.

“Again, Dr. Saraki is of the firm belief that his suggestions are for the benefit of the legislative institution. So, he will repeat the same suggestion no matter where the Senate President comes from and whichever party he belongs to.

“It is not because the incumbent is a member of the APC, that the former Senate President is from the PDP or that the former is from the South-South zone while the latter is from the North Central zone. Far from it. It is disingenuous and crude to describe Dr. Saraki’s comment along those primordial lines.

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“This issue is definitely not one in which Akpabio should exploit ethnic sentiments, political division, or regional proclivity. This will neither be in his own interest or that of the institution over which he is presiding. He should face the reality on ground and do what is right.”

The statement noted that Saraki stands by and maintains his earlier suggestion to Akpabio and the senate leadership on the allegations raised by Akpoti-Uduaghan.

“An open, transparent, and honest investigation of the allegations is still needed to ensure that the Senate is not cast in the image of an institution that is tolerant of sexual harassment, gender bias, victimisation and mistreatment of women, abuse of office, and enthronement of the culture of silence,” the statement reads.

“By having such an investigation, the general public and the international community will have more confidence in our legislative institution.

“People like Dr. Saraki have made huge sacrifices in defending the integrity of the legislative institution and will not desist in speaking up for the right thing to be done. May God bless our institutions and our country.”

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