President Buhari may abandon economic policies of past administration

There are strong indications that President Buhari might discontinue with some economic policies of fmr. President Goodluck Jonathan.

He hinted this, during a meeting with the executive members of the Manufacturers Association of Nigeria (MAN).

The President said that he would not hesitate to dump any economic policy that is not geared towards job creation for the youth.

He also called on the Central Bank of Nigeria (CBN),Ministries of Industries, Trade and Investment, and Financeto formulate policies that will boost the manufacturing industry.

Buhari said “We are in difficult times economically, but we’ll continue to do our best for manufacturing to pick up. We must begin to behave as if we have no oil at all. “We will gladly have policy somersaults, if it will mean more jobs, particularly for youths."

Adding that his government had a clear idea on how to create employment, he also said that the govt. is working hard to make it a reality.

The MAN President, Dr Frank Udemba Jacobs, also stressed that manufacturing will thrive when enabling policies are put in place, adding that the manufacturing sector is the key to employment creation and development in the country.

APC says N11trn went missing during Goodluck Jonathan’s administration

The All Progressives Congress (APC) has alleged that about N11.02 trillion was embezzled during the administration of former President Goodluck Jonathan.

The APC said further that President Muhammadu Buhari would need to recover the funds if he was to bring forth the change promised during his campaign.

This was disclosed via a statement released by National Publicity Secretary, Lai Mohammed on Sunday, August 16, 2015.

It reads in part:

“Some instances of the looting are as follows: N3.8tn out of the N8.1tn earned from crude oil (2012-2015) withheld by NNPC; $2.1bn (N413.7bn) from Excess Crude Account unaccounted for; Department of Petroleum Resources’ unremitted N109.7bn royalty from oil firms.”

“Others are: $6bn (1.2tn) allegedly looted by some ministers of the last administration; 160 million barrels of crude worth $13.9bn (N2.74tn) lost between 2009 and 2012; $15m (N2.96bn) from the botched arms deal yet to be returned to Nigeria; $13bn (N2.56tn) in NLNG dividends mostly unaccounted for; N30bn rice waiver; and N183bn unaccounted for at the NDDC.”

President Buhari goes after unreturned government assets

A committee has been set up by the Federal Government saddled with the responsibility of recovering government property from former government officials.

During a chat with some newsmen in Abuja on Sunday, the Senior Special Assistant to the President on Media and Publicity,Mallam Garba Shehu, confirmed the situation.

Shehu said "That is precisely the case, even here at the Villa, there are cars and other property belonging to the government which are yet to be returned."

Gov.Ayo Fayose Accuses Buhari of Nepotism and Bias

Gov. Ayo Fayose, has released an official statement. This is coming on the heels of the recent visit paid President Buhari by members of the National Peace Committee led by a former military head of state, Abdulsalami Abubakar.

Fayose accused the President of nepotism and bias.

Speaking through his Special Assistant on Public Communication, Lere Olayinka, Fayose said “Rather than concentrate and make a difference within his 100 days in office, the president’s greatest achievement so far is harassment of PDP leaders, appointment of his in-law and kinsmen into sensitive positions, selective fight against corruption and arrest and detention of INEC officials who worked in States won by the Peoples Democratic Party."

Boko Haram: Buhari to visit Benin Republic August 1

Abubakar Shekau in the middle, with other lieutenants. 

President Muhammadu Buhari is set to visit The Republic of Benin on Saturday, August 1 for talks on how to combat terrorist sect, Boko Haram.

President Muhammadu Buhari (Getty)

Buhari will meet with Benin counterpart, Boni Yayi after a similar visit to Cameroon on Wednesday, July 29, 2015.
According to a statement by the Nigerian president’s media aide,Femi Adesina, the trip will round-off Buhari’s diplomatic shuttles to neighbouring countries to strengthen regional cooperation against terrorism and make it much harder for Boko Haram to operate across national boundaries.
Niger's President Mahamadou Issoufou, Benin's President Thomas Boni Yayi, Chad's President Idriss Deby and Nigeria's President Muhammadu Buhari (L-R) pose during the presentation of the communique of the Summit of Heads of State and Government of The Lake Chad Basin Commission (LCBC) meeting in Abuja, Nigeria, June 11, 2015. Nigeria and its neighbours agreed on Thursday to set up a joint military force to counter Boko Haram, a sign of President Muhammadu Buhari's intent to crush the Islamist militant group early in his tenure.
Yayi had visited Abuja, along with the leaders of Chad and Niger, after Buhari’s inauguration for a security summit on the creation of a multinational force against the sect.

Former Commonwealth Secretary, Anyaoku, Begs President Buhari Not To Probe Ex-President Jonathan

Ex-president jonathan has sent the former Common Wealth Secretary, Gen. Emeka Anyaoku to beg Pres. Buhari not to probe his administration.

Report has it that Mr. Jonathan moved quickly to send powerful intercessors to the Presidency after the Buhari administration began to question massive last-minute withdrawals and disappearance of more than $20 billion in government funds orchestrated by former President Jonathan as well as his closest ministers and aides.

It was revealed that Mr. Anyaoku, the former Commonwealth chief executive urged the new president to remember that Mr. Jonathan voluntarily decided not to contest the results of the March 28, 2015 presidential election, won by Mr. Buhari, on the understanding that he and his administration would not be subjected to a probe.

One source at the Presidency revealed that Mr. Buhari was not receptive to Mr. Anyaoku’s pleas. According to the source, the president told the former Commonwealth chief executive that the massive theft of funds by officials of the previous administration had robbed him of funds to start meeting his promises to the Nigerian people. “The president’s concern is for everybody who stole funds, including the former president, to disclose their willingness to return their loot to the Nigerian people,” the source added.

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