16102021 - Southeast Gov INEC top official in trouble over $4m bribe
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What Ak<strong>in</strong>wumi<br />
Ades<strong>in</strong>a told Buhari<br />
By Prisca Sam-Duru<br />
The state of the nation is gett<strong>in</strong>g more<br />
pathetic by the day, with so much<br />
hunger, <strong>in</strong>security, violence and high<br />
unemployment rate driv<strong>in</strong>g the country to<br />
the br<strong>in</strong>k.<br />
The speech by the President of the African<br />
Development Bank Group, Dr. Ak<strong>in</strong>wumi<br />
A. Ades<strong>in</strong>a, at the Mid-Term M<strong>in</strong>isterial<br />
Performance Review Retreat, comes as a<br />
panacea to Nigeria’s rec<strong>over</strong>y.<br />
Speak<strong>in</strong>g on the <strong>top</strong>ic, ‘Nigeria’s<br />
Economic Resurgence: Learn<strong>in</strong>g from the<br />
African Experience’, Dr Ades<strong>in</strong>a who was<br />
Guest Speaker at the retreat held October<br />
11, 2021, <strong>in</strong> Abuja, gifted the federal<br />
g<strong>over</strong>nment of Nigeria, a most loaded and<br />
padded speech; the content of which if<br />
implemented, will engender the country’s<br />
economic resurgence.<br />
Stat<strong>in</strong>g the fact that the corona virus<br />
“pandemic has caused so many deaths and<br />
upended global economic growth”, he noted<br />
that “due to COVID-19, Nigeria’s economic<br />
growth rate decl<strong>in</strong>ed to -1.8% <strong>in</strong> 2020. This<br />
mirrors the pattern across Africa, as the<br />
cont<strong>in</strong>ent posted a -2.1% growth rate <strong>in</strong> GDP,<br />
its lowest <strong>in</strong> two decades”.<br />
He however posited that the country’s<br />
rec<strong>over</strong>y, expected <strong>in</strong> 2022, “will depend on<br />
two critical issues: access to vacc<strong>in</strong>es and<br />
tackl<strong>in</strong>g debt issues”. He added that Nigeria<br />
must build quality health care systems that<br />
will protect its population, today and well<br />
<strong>in</strong>to the future, as well as world-class local<br />
pharmaceutical <strong>in</strong>dustries, able to<br />
effectively tackle the production of<br />
therapeutic drugs and vacc<strong>in</strong>es. “Nigeria<br />
must revamp its local pharmaceutical<br />
<strong>in</strong>dustry and launch strategic <strong>in</strong>vestments<br />
for local vacc<strong>in</strong>e manufactur<strong>in</strong>g. Africa<br />
should not be begg<strong>in</strong>g for vacc<strong>in</strong>es; Africa<br />
should be produc<strong>in</strong>g vacc<strong>in</strong>es.<br />
“The African Development Bank will<br />
<strong>in</strong>vest $3 billion <strong>in</strong> support of local<br />
pharmaceutical <strong>in</strong>dustries <strong>in</strong> Africa,<br />
<strong>in</strong>clud<strong>in</strong>g <strong>in</strong> Nigeria”.<br />
Ades<strong>in</strong>a also <strong>in</strong>sisted that “Nigeria must<br />
decisively tackle its debt challenges. The<br />
issue is not about debt-to-GDP ratio, as<br />
Nigeria’s debt-to-GDP ratio at 35% is still<br />
moderate. The big issue is how to service<br />
the debt and what that means for resources<br />
for domestic <strong>in</strong>vestments needed to spur<br />
faster economic growth. “The debt service<br />
to revenue ratio of Nigeria is high at<br />
73%.Th<strong>in</strong>gs will improve as oil prices<br />
rec<strong>over</strong>, but the situation has revealed the<br />
vulnerability of Nigeria’s economy. To have<br />
economic resurgence, we need to fix the<br />
structure of the economy and address some<br />
fundamentals”.<br />
Dr Ades<strong>in</strong>a advised g<strong>over</strong>nment to<br />
“significantly boost productivity and<br />
revenues from its non-oil sector, with<br />
appropriate fiscal and macroeconomic<br />
policies, especially flexible exchange rates<br />
that will enhance <strong>in</strong>ternational<br />
competitiveness”, add<strong>in</strong>g that “The private<br />
sector should be given <strong>in</strong>centives to <strong>in</strong>vest<br />
<strong>in</strong> <strong>in</strong>frastructure.<br />
”The Federal <strong>Gov</strong>ernment’s15 trillion<br />
Naira Infrastructure Fund is a good idea,<br />
so is the <strong>in</strong>itiative for tax credits for private<br />
sector <strong>in</strong>vestment <strong>in</strong> <strong>in</strong>frastructure. To be<br />
susta<strong>in</strong>able and more efficient, Public-<br />
Private Partnerships (PPPs) should be<br />
accelerated to f<strong>in</strong>ance major <strong>in</strong>frastructure<br />
across Nigeria”, he stated. Regard<strong>in</strong>g trade,<br />
<strong>in</strong>vestment, and competitiveness, he<br />
expla<strong>in</strong>ed that “The Africa Cont<strong>in</strong>ental Free<br />
Trade Area presents a major opportunity for<br />
Nigeria. Consumer and bus<strong>in</strong>ess<br />
expenditures <strong>in</strong> Africa are projected to rise<br />
to $6.7 trillion by 2030.<br />
“Significant support should be directed<br />
toward boost<strong>in</strong>g <strong>in</strong>dustrial manufactur<strong>in</strong>g<br />
capacities. Nigeria should also move<br />
rapidly to the <strong>top</strong> of selected value cha<strong>in</strong>s,<br />
such as automobiles, computers and<br />
electronics, textile and garments, and food<br />
manufactur<strong>in</strong>g, transport, and logistics”.<br />
Much, he noted <strong>in</strong> this regard, will depend<br />
on the ports of Nigeria. “Accord<strong>in</strong>g to the<br />
sector operators, the cost of export<strong>in</strong>g 100<br />
tons of cargo <strong>in</strong> Nigeria is $35,000,<br />
compared to $4,000 <strong>in</strong> Ghana. Today, the<br />
lead<strong>in</strong>g ports for West Africa are <strong>in</strong> Cote<br />
d’Ivoire, Ghana, Togo, and Ben<strong>in</strong> Republic.<br />
All these countries have modernized their<br />
port management systems, leav<strong>in</strong>g Nigeria<br />
far beh<strong>in</strong>d”.<br />
Nigeria, he said can “learn from<br />
Morocco’s world-class Tangier-Med port.<br />
•Ades<strong>in</strong>a<br />
The port is unique <strong>in</strong> that it is an <strong>in</strong>dustrial<br />
port complex, and a platform that has <strong>over</strong><br />
1,100 companies. They collectively exported<br />
<strong>over</strong> • 8 billion worth of goods <strong>in</strong> 2020".<br />
Shar<strong>in</strong>g his experience at the Tangier-<br />
Med Port, Dr Ades<strong>in</strong>a said, “I actually<br />
thought they were on vacation, as I did not<br />
see people; just mach<strong>in</strong>es, haulers,<br />
automated systems mov<strong>in</strong>g conta<strong>in</strong>ers <strong>in</strong><br />
what looked like a well-synchronized maze,<br />
with <strong>in</strong>credible efficiency. There were no<br />
kilometers of trucks wait<strong>in</strong>g to get to the<br />
port”.<br />
Suggest<strong>in</strong>g the adoption of the Morocco<br />
port model, he declared that “We should not<br />
be decongest<strong>in</strong>g the ports <strong>in</strong> Nigeria, we<br />
should be transform<strong>in</strong>g the ports. Nigeria<br />
should rapidly modernize and transform its<br />
ports. Ports are not there for revenue<br />
generation. They are for facilitat<strong>in</strong>g bus<strong>in</strong>ess<br />
and exports, and stimulat<strong>in</strong>g <strong>in</strong>dustrial<br />
manufactur<strong>in</strong>g, and competitiveness of local<br />
bus<strong>in</strong>esses and exports”.<br />
Another approach to Nigeria’s rec<strong>over</strong>y<br />
he recognized, is to boost food security,<br />
reduce the price of food, and ensure greater<br />
competitiveness of the agricultural sector.<br />
The ‘Growth Enhancement Scheme’ and the<br />
e-wallet system which he deployed while as<br />
M<strong>in</strong>ister of Agriculture <strong>in</strong> Nigeria, which<br />
led to fall <strong>in</strong> prices of food due to <strong>in</strong>crease <strong>in</strong><br />
production, he revealed, have been adopted<br />
<strong>in</strong> Togo, Liberia, and other African countries,<br />
“Yet <strong>in</strong> Nigeria where they were developed,<br />
they are no longer be<strong>in</strong>g implemented”. He<br />
po<strong>in</strong>ted out that lack of ra<strong>in</strong>, <strong>in</strong>security,<br />
middlemen, are not the major factors<br />
responsible for low food production but “the<br />
ma<strong>in</strong> reason is that farmers no longer have<br />
access to quality improved seeds, fertilizers,<br />
•Buhari<br />
and farm <strong>in</strong>puts at scale”.<br />
While jo<strong>in</strong><strong>in</strong>g farmers across the country<br />
to plead with the Federal <strong>Gov</strong>ernment to<br />
restore the popular Growth Enhancement<br />
Support Scheme and the e-Wallet system so<br />
as to put millions of farmers at the heart of<br />
agriculture at scale, Dr Ades<strong>in</strong>a said, “if this<br />
is done, and run well, I can assure you that<br />
you will see a dramatic turnaround <strong>in</strong><br />
national food production”.<br />
He further called on g<strong>over</strong>nment to take<br />
“bold policy measures to drive the structural<br />
transformation of agriculture, with<br />
<strong>in</strong>frastructure and spatial economic<br />
policies”.<br />
”The key for this is the development of<br />
Special Agro-<strong>in</strong>dustrial Process<strong>in</strong>g Zones<br />
(SAPZs)across the country. Nigeria should<br />
establish Special Agro-<strong>in</strong>dustrial Process<strong>in</strong>g<br />
Zones all across the country. The e-Wallet<br />
System and Growth Enhancement Scheme,<br />
to boost farmers access to productivity<br />
enhanc<strong>in</strong>g farm <strong>in</strong>puts should be re<strong>in</strong>stated<br />
and enshr<strong>in</strong>ed <strong>in</strong> law. Policy reversals should<br />
be avoided”, he ma<strong>in</strong>ta<strong>in</strong>ed.<br />
With the rate of unemployment and youth<br />
<strong>in</strong>volvement <strong>in</strong> societal ills soar<strong>in</strong>g, as part<br />
of the rec<strong>over</strong>y strategies for the country, Dr<br />
Ades<strong>in</strong>a suggested, that it was high time<br />
Nigeria unleashed the potential of her youth.<br />
“Today, <strong>over</strong> 75% of the population is under<br />
the age of 35. More decisive actions are<br />
needed to turn this demographic asset <strong>in</strong>to<br />
an economic dividend. A young, productive,<br />
youthful population, with access to<br />
education, skills, social protection,<br />
affordable hous<strong>in</strong>g, and medical care, will<br />
power Nigeria’s economy, now and well <strong>in</strong>to<br />
the future”, he expla<strong>in</strong>ed, emphasiz<strong>in</strong>g that<br />
“We must move away from so-called ‘youth<br />
By Omeiza Ajayi, Abuja<br />
he Social Democratic Party SDP has expressed deep anger at the<br />
Tpropensity of political money bags to rig elections <strong>in</strong> the country,<br />
say<strong>in</strong>g ahead of the 2023 general election, it has become imperative to<br />
advocate the death penalty for election riggers.<br />
This was as the party kicked aga<strong>in</strong>st zon<strong>in</strong>g of the Delta state<br />
<strong>Gov</strong>ernorship ticket to the Central Senatorial District, say<strong>in</strong>g <strong>in</strong> a state<br />
like Delta with its political maturity and as home to eggheads, competence<br />
must trump zon<strong>in</strong>g.<br />
Chairman of the party <strong>in</strong> the state, Amb. Oke Idawene who is<br />
also the Chairman, Forum of SDP State Chairmen, stated this <strong>in</strong><br />
an <strong>in</strong>terview with Saturday Vanguard.<br />
He commended the Independent National Electoral<br />
Commission <strong>INEC</strong> for its decision to deploy the Bimodal Voter<br />
Accreditation System BVAS <strong>in</strong> the September 11 state Assembly<br />
bye election <strong>in</strong> Isoko South 1, Delta state, say<strong>in</strong>g the technology<br />
helped to reduce <strong>in</strong>cidences of multiple vot<strong>in</strong>g.<br />
Idawene said the device was able to guarantee the credibility of<br />
voter accreditation by prevent<strong>in</strong>g <strong>in</strong>cidents of multiple vot<strong>in</strong>g or<br />
the use of stolen Permanent Voter Cards PVCs to vote while the use<br />
of the <strong>in</strong>cident form was elim<strong>in</strong>ated.<br />
Election rigg<strong>in</strong>g<br />
On rigg<strong>in</strong>g, he said the problem is not with <strong>INEC</strong> but other<br />
stakeholders. He said; “The problem we have right now is not<br />
SATURDAY Vanguard, OCTOBER 16, 2021—15<br />
empowerment programs’. The youth do not<br />
need handouts. They need <strong>in</strong>vestments.”That<br />
is why the African Development Bank is<br />
currently work<strong>in</strong>g with Central Banks and<br />
countries to design and support the<br />
establishment of Youth entrepreneurship<br />
<strong>in</strong>vestment banks. These will be new<br />
f<strong>in</strong>ancial <strong>in</strong>stitutions, run by young,<br />
professional, and highly competent f<strong>in</strong>ancial<br />
experts and bankers, to develop and deploy<br />
new f<strong>in</strong>ancial products and services for<br />
bus<strong>in</strong>esses and ventures of young people.<br />
Several African countries have already<br />
<strong>in</strong>dicated their read<strong>in</strong>ess to establish Youth<br />
Entrepreneurship Investment Banks”.<br />
By establish<strong>in</strong>g Youth entrepreneurship<br />
<strong>in</strong>vestment banks, he said Nigeria would be<br />
mak<strong>in</strong>g its youth the drivers of the new<br />
economy.<br />
The place of technology as one of the<br />
<strong>in</strong>dustries that will dom<strong>in</strong>ate the future,<br />
cannot be <strong>over</strong>emphasized. On this note, the<br />
African Development Bank Group president,<br />
disclosed that by “2030, 650 million<br />
Africans will have smart phones, and 50<br />
million will have 5G phone networks.<br />
Digital payments, mobile money accounts,<br />
sav<strong>in</strong>gs, credit, and money transfers will<br />
revolutionize bus<strong>in</strong>esses. Nigeria’s F<strong>in</strong>Tech<br />
is surg<strong>in</strong>g as one of the leaders <strong>in</strong> Africa<br />
today”. He therefore, advised g<strong>over</strong>nment<br />
to position the “F<strong>in</strong>Tech <strong>in</strong>dustry as a major<br />
driver of the economy, and <strong>in</strong>vest heavily <strong>in</strong><br />
digital <strong>in</strong>frastructure”.<br />
And then, the biggest issue- <strong>in</strong>security. An<br />
economically resurgent Nigeria Dr Ades<strong>in</strong>a<br />
<strong>in</strong>sisted, “must be a more peaceful and<br />
secure Nigeria”. Accord<strong>in</strong>g to him, “Today,<br />
more than ever, several African countries<br />
are spend<strong>in</strong>g a significant share of their<br />
budgets on security, displac<strong>in</strong>g the resources<br />
needed for development”.<br />
He lamented that on an alarm<strong>in</strong>g rate,<br />
“the <strong>in</strong>vestible space <strong>in</strong> many parts of Africa,<br />
<strong>in</strong>clud<strong>in</strong>g Nigeria, is shr<strong>in</strong>k<strong>in</strong>g due to<br />
<strong>in</strong>security and <strong>in</strong>surgencies.Yet, resources<br />
are not there to enable countries to cope<br />
with these ris<strong>in</strong>g challenges”, add<strong>in</strong>g that<br />
“We must recognize the strong l<strong>in</strong>kages<br />
between security, <strong>in</strong>vestment, growth, and<br />
development”.<br />
”Without security there cannot be<br />
<strong>in</strong>vestment, without <strong>in</strong>vestment there cannot<br />
be growth, and without growth there cannot<br />
be development. The African Development<br />
Bank stands ready to help Nigeria <strong>in</strong> the<br />
design and implementation of Security-<br />
Indexed Investment Bonds to raise more<br />
resources to tackle its security challenges”,<br />
he stated.<br />
Not leav<strong>in</strong>g out issue of climate change<br />
which is also crucial to the country’s<br />
economic rec<strong>over</strong>y, Dr Ades<strong>in</strong>a averred that<br />
if Nigeria does not prioritize climate<br />
adaptation and mitigation actions, climate<br />
change will pose challenges to the country’s<br />
economic resurgence. “Climate change has<br />
already decimated the whole of the Lake<br />
Chad bas<strong>in</strong>. Today, that vast area, which used<br />
to provide livelihoods and resources for<br />
fisheries, livestock and food production is<br />
now littered with patch lands, dried up water<br />
beds and scorched earth. He therefore<br />
advised g<strong>over</strong>nment to prioritize the recharg<strong>in</strong>g<br />
of the Lake Chad bas<strong>in</strong>, as well as<br />
drive for a just energy transition, with<br />
natural gas; to protect its economy, assure<br />
energy for <strong>in</strong>dustrialization, while reduc<strong>in</strong>g<br />
greenhouse gas emissions, pledg<strong>in</strong>g that<br />
“The African Development Bank will<br />
mobilize $25 billion <strong>in</strong> climate f<strong>in</strong>ance by<br />
2025 <strong>in</strong> support of African countries”.<br />
And f<strong>in</strong>ally, on how much progress Africa<br />
Development Bank is mak<strong>in</strong>g so far, he said<br />
“This year, Global F<strong>in</strong>ance, the globally<br />
renowned U.S Magaz<strong>in</strong>e, rated the African<br />
Development Bank as the Best Multilateral<br />
F<strong>in</strong>ancial Institution <strong>in</strong> the world for 2021.<br />
“That is the k<strong>in</strong>d of Africa we want! Africa<br />
show<strong>in</strong>g global excellence <strong>in</strong> the midst of a<br />
turbulent world, f<strong>in</strong>d<strong>in</strong>g solutions, and<br />
driv<strong>in</strong>g <strong>in</strong>novation and change, at scale”.<br />
2023: SDP wants death penalty for election riggers,<br />
kicks aga<strong>in</strong>st zon<strong>in</strong>g<br />
<strong>INEC</strong>. It is the people. Somebody tried to snatch a ballot box <strong>in</strong> Isoko<br />
South and he was gunned down. I don’t like bloodshed, but that is the<br />
way to go. Ahead of 2023, the punishment for such electoral<br />
malfeasance should be death by hang<strong>in</strong>g. Anybody rigg<strong>in</strong>g elections<br />
is an enemy of the people and must be so treated.<br />
“With the BVAS, the votes were not adulterated. There was no rigg<strong>in</strong>g<br />
<strong>in</strong> that election. For the first time <strong>in</strong> Nigeria, I went for an election<br />
where until the morn<strong>in</strong>g of the elections, the collation officers were<br />
not known and the vot<strong>in</strong>g pattern was clear.<br />
“To this end, I th<strong>in</strong>k we should give <strong>INEC</strong> all the support for<br />
electronic vot<strong>in</strong>g, electronic collation and transmission of results. It<br />
is only then we can get genu<strong>in</strong>e leadership and see Nigeria tilt<strong>in</strong>g<br />
towards progressive tendencies. I want to call on the National<br />
Assembly to support this BVAS and other technologies<br />
used by <strong>INEC</strong>”.<br />
On Zon<strong>in</strong>g the 2023 presidency to the South and the<br />
Delta <strong>Gov</strong>ernorship ticket to Delta Central, the SDP<br />
Chairman said; “SDP is not for zon<strong>in</strong>g. We are for<br />
competence. It is time we s<strong>top</strong>ped regional tendencies.<br />
Nigeria is one. No matter how you try, you cannot<br />
break us. Let us elect a leader who is a true Nigerian <strong>in</strong><br />
body, soul and spirit so that at the end of the day we can<br />
say we are go<strong>in</strong>g forward.<br />
“SDP is anti-zon<strong>in</strong>g. For the Southern leaders, if you<br />
•Ambassador<br />
Idawene<br />
want the presidency, I call on you to lobby. Power is not<br />
given for free. It is a collective responsibility. Leave<br />
your comfort zones and go to the North and expla<strong>in</strong><br />
why you should be given the opportunity to produce<br />
the next president. Apart from that, every Nigerian is<br />
qualified to run for president.