Connect with us

News

Cryptocurrency, old Naira notes, other Buhari’s policies reversed by Tinubu

Avatar

Published

on

In the last six months, President Bola Tinubu has been reversing several policies introduced by his predecessor, Muhammadu Buhari, despite both belonging to the same political party. Notably, their economic approaches exhibit significant differences, with Tinubu leaning towards a more liberal stance as a former Governor of Lagos State, while Buhari, a former military leader, embraced a protectionist outlook. In 2013, they collaborated against former President Goodluck Jonathan.

During Buhari’s eight-year tenure, Tinubu refrained from commenting on government policies unless they directly affected him during elections. However, he openly opposed the former administration’s Naira redesigning policy. Since assuming office, Tinubu has been dismantling various Buhari-era policies. Here are six key reversals:

  1. ASUU’s Removal from IPPIS:
    • Under Buhari, a prolonged disagreement with university lecturers over the implementation of the IPPIS platform led to frequent school shutdowns. Tinubu reversed this policy, addressing lecturers’ concerns about allowances and benefits.
  2. Cryptocurrency Ban:
    • Tinubu’s government overturned the ban on cryptocurrency imposed by former CBN governor Godwin Emefiele. The directive to close accounts involved in cryptocurrency transactions was rescinded, allowing for a more open approach.
  3. FX Ban on 43 Items:
    • The ban on 43 items from accessing foreign exchange, which was a cornerstone of Buhari’s protectionist policies, was lifted by Tinubu’s administration. Importers of these items are now permitted to purchase foreign exchange in the Nigerian market.
  4. Phase Out of Old Naira:
    • Tinubu extended the validity of the old currency indefinitely, contrary to the previous plan to redesign the Naira. This move alleviated the scarcity of the Naira, which had caused hardships during Buhari’s tenure.
  5. 40% IGR Deduction for Schools:
    • The Finance Act of 2020, implemented during Buhari’s term, mandated a 40% auto deduction of gross IGR for partially funded agencies, including federal government-owned institutions. However, Tinubu’s government yielded to pressure from universities and abandoned the enforcement of this law.

President Tinubu’s administration appears to be steering away from the protectionist policies of his predecessor, embracing a more open economic approach.

News

‘Some people have turned into monitoring spirits because of Tinubu’ – Joe Igbokwe

Avatar

Published

on

Joe Igbokwe, a prominent member of the All Progressives Congress (APC) in Lagos State, raised concerns on Saturday about the constant monitoring of President Bola Tinubu. Igbokwe claimed that some individuals have resorted to witchcraft and “monitoring spirits” to keep an eye on Tinubu.

He explained that these individuals are observing Tinubu closely to catch any mistakes or mishaps, wherever he goes. Posting on his Facebook page, Igbokwe predicted that this scrutiny will persist for the next eight years.

He wrote: “Some people have turned to monitoring spirits. They follow PBAT anywhere he goes to see if he will make mistakes, if he will fall down, or if he will be received very well in any country he goes to. This is witchcraft and they will do this for 8 years. Mark this.”

Tinubu had a slip during the Democracy Day celebration at Eagles Square on June 12. Addressing the incident later at a Democracy Day dinner at the Presidential Villa, the President commented: “Early this morning, I had a swagger and it’s on social media. They’re confused about whether I was doing bugger or babariga.

“But it is a day to celebrate democracy. Why doing dobale on the day? I’m a traditional Yoruba boy. I did my dobale.”

Advertisement
Continue Reading

News

‘We’re still owed salaries in Abia State University’ – ASUU

Avatar

Published

on

The Abia State University chapter of the Academic Staff Union of Universities (ASUU) has claimed that many of its members did not receive their April and May salaries, and those who were paid had deductions from their salaries. ASUU Chairperson Chidi Mbah and Secretary Victor Obisike stated that despite announcements from the Abia government and social media reports indicating that salaries had been settled, only a few staff members with accounts at commercial banks received their April salaries, and even fewer received their May salaries.

The ASUU leaders highlighted that this inconsistency in salary payments and deductions has caused financial difficulties, anxiety, and uncertainty among the affected staff. They noted that staff members who did receive their April or May salaries experienced unexplained deductions ranging from N8,000 to N53,000.

This irregular payment system has made it difficult for the unions within the university to determine the status of their check-off dues, which are usually deducted at the source. Additionally, ASUU emphasized that 11 months of outstanding salary arrears remain unpaid, despite repeated assurances from the government.

ASUU expressed its support for Governor Alex Otti’s efforts to improve Abia State University but urged government officials to avoid politicizing the salary payment issue. They appealed to the state government to promptly address the concerns raised and ensure that all outstanding salaries, including the arrears, are paid in full to alleviate the financial hardships faced by the university staff.

Continue Reading

News

Sanusi: Ado Bayero was never Emir of Kano – Gov Yusuf’s spokesman

Avatar

Published

on

Sanusi Bature, the Chief Press Secretary to Governor Abba Yusuf of Kano State, has asserted that Aminu Ado Bayero was never the Emir of Kano. According to Bature, former Governor Abdullahi Ganduje appointed Bayero as the Emir of the eight metropolitan local governments of Kano city.

During an appearance on Arise Television, Bature explained that Ganduje’s appointment of Bayero as emir was part of a political maneuver that compromised the integrity of the historic Kano Emirate, which predates Nigeria and its constitution by over a thousand years.

Bature stated: “The governor’s action was intended to protect the emirate’s integrity as an institution. The Emirate of Kano has a history that predates Nigeria, with people living under a single Emir for over a thousand years. Ganduje’s administration politicized this history, which Yusuf promised to rectify during his campaign to restore the emirate’s lost glory.”

He further remarked, “This is not the first time an Emir has been deposed; Ganduje did it, and Sanusi left Kano for peace to prevail. Now Sanusi has returned to Kano after the law was repealed.”

Clarifying Bayero’s status, Bature said, “Aminu Ado Bayero was never the Emir of Kano. He was appointed as the Emir of the eight metropolitan local governments of Kano city. With the revision of the law under a unified Kano, the emirate Bayero served no longer exists. He was the Emir of the Kano city emirate, not the entire 44 local governments of Kano, a status created by Ganduje’s 2019 Emirate law.”

Advertisement

Governor Yusuf deposed Ado Bayero and reinstated Muhammed Sanusi as the Emir of Kano. Despite this, Ado Bayero has refused to leave his Nassarawa palace and has challenged the state government’s action in court.

Continue Reading

Trending