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Today’s Thisday Newspaper Headline, Tuesday 27th November 2018

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Buhari Asks Military Chiefs for Containment Plan on Boko Haram
Tue, 27 Nov 2018
Worried by the security situation in the North-east, President Muhammadu Buhari has demanded for a detailed and effective counter plan of action against Boko Haram as well as update on state of military armament from the service chiefs.

But a retired senior Army officer, who is very conversant with the happenings in the theatre of the on-going war between the Nigerian military and Boko Haram, has given insight into the challenges the Nigerian troops are facing.

From the war zone, the Nigerian Air Force was said to have dealt a heavy blow on the terrorists yesterday, bombing their locations and killing many of them.

This came as the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, yesterday berated the All Progressives Congress (APC) for not paying tribute to the gallant men who gave their lives in order to secure the lives of others.

The nation had been jolted by the resurgence of Boko Haram attacks on military bases in the North-east, the last of which occurred last week, leading to the death of the commander of the 157 Task Force and several soldiers stationed in Metele, a dusty town in the fringes of Borno State.

Buhari had expressed shock on Saturday at the scale of the attack and attendant casualties, summoning the service chiefs to a meeting on Sunday, where he reportedly told them, for the umpteenth time, to sit up.

THISDAY gathered last night that the president yesterday received further briefing from intelligence chiefs, including the National Security Adviser (NSA), Maj-Gen. Babagana Monguno (rtd), Director of State Security, (DSS), Mr. Yusuf Bichi, the Inspector General of Police (IGP), Mr. Ibrahim Idris, and members of the Police Service Commission.

Defence sources said the president at his meeting with the service chiefs on Sunday demanded from them the best strategy to win the war against Boko Haram, while also calling for an update on the purchase of arms and ammunition and the quality and state of munitions.

“He is presently receiving security briefing on the security situation. At the yesterday’s (Sunday) meeting, the Commander-in-chief wanted to see an effective work plan that would prevent this kind of breach.

“He is also interested, and particularly demanded a quick update on the state of armoury, recent purchases and the state and quality of the arms and ammunition available,” a source close to the meeting told THISDAY.

THISDAY checks further showed that Buhari is expected to take far reaching decisions after the security briefing this week.

The president’s Personal Assistant on Social Media, Mr. Bashir Ahmad, later confirmed Buhari’s meeting with intelligence chiefs on his twitter handle last night.

Yesterday’s meeting is the third one Buhari would be having with service chiefs over the recent killing of over 100 Nigerian soldiers by the Boko Haram terrorist group along the Nigeria-Chad border.

However, the senior Army officer, who spoke with THISDAY in confidence yesterday catalogued the huge challenges the Nigerian troops are currently facing that may have created the failing security situation in the battle fields.

First, he attributed the frightening crisis to the federal government’s warped perception that the deadly terrorist group, Boko Haram, has been ‘’degraded’’, ‘’decapitated’’ or ‘’technically defeated.’’

He added, ‘’This misconception is not helping our war against Boko Haram; and this is also what informed the way the government has responded to the huge problem so far. As a result, there is no serious commitment on the part of the government to address the issue. It is a dirty propaganda that is not helping us; the truth is that Boko Haram is getting stronger and stronger daily.’’ The officer, who retired a couple of years ago and had consulted for the military authorities on the on-going war in the North-east in the past, also blamed the deteriorating situation to lack of proper training by the troops in the war zone.

He explained, “Another problem that we have is lack of proper training by our troops; many of them are from the army depots, with few months training. We need troops who are well-trained in war to engage the terrorist group. And, again, their moral is very low; boosting their moral has nothing to do with how much of financial rewards they get; but making them believe that what they are doing is for their father’s land.

‘’Check what this government has been doing: soldiers who have done nothing are being rewarded, while those fighting Boko Haram have been neglected. In many instances, the families of those who died while fighting Boko Haram were forced to leave the barracks few months after losing their dear ones. This is not how to improve the moral of the troops.’’

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Tue, 27 Nov 2018

Vice President and Treasurer, World Bank, Ms. Arunma Oteh yesterday urged the African Securities Exchanges Association (ASEA) to ensure listing the of 44,000 Small and Medium Enterprises (SMEs) out of 44 million operating on the continent.

Oteh, who is a former Director-General of the Securities and Exchange Commission (SEC), made the call while speaking at the 22nd ASEA annual general meeting and conference hosted by the Nigerian Stock Exchange, (NSE) in Lagos.

According to her, the exchanges must nature and ensure listing of these firms on their various bourses as part of efforts to deep the markets in Africa.

Oteh, explained that SMEs are strong drivers for economic growth and development, saying that their major challenge is access to finance.

She said that African needed to build infrastructure and diversify economies beyond commodities and natural resources extraction.

Oteh said: “If we focus in areas of opportunities that abound whether in agriculture, services, retail, technology, particularly emerging technology, financial services, and hospitality, sustainability will be more granted. We must also foster innovation and entrepreneurship and I believe that securities exchanges are the epicentre of the ecosystem,” she said.

She stated that various emerging markets and Africa were still struggling with more difficult financial conditions, debt burden concerns, and weak commodity prices, among others.

“I will say that the greatest challenges of our time are extreme poverty, inequality, climate change, protectionism, populism, anti-globalisation, ethnic sentiment and uncertainty over the impact of disruptive technologies,” Oteh said.

In his address, President of ASEA, Mr. Oscar Onyema, said that strategic relationships of the association had resulted in grants worth approximately $1.2 million from the Financial Sector Deepening (FSD) Africa and the Korea-Africa Economic Cooperation (KOAFEC) fund via the Africa Development Bank (AfDB).

Onyema, who is also the Chief Executive Officer of Nigerian Stock Exchange (NSE), said that the grants received to date were targeted at the African Exchanges Linkage Project (AELP), ASEA secondment programme, information portal and annual conferences.

“These programmes are critical levers of success for ASEA and we aim to continue to broaden and deepen our relationships in order to create increasing value for members and the African financial market.

“To this end, tomorrow we will officially sign a memorandum of understanding with the World Federation of Exchanges (WFE). I will like to thank the WFE and we look forward to working with the Federation on many initiatives.

“To ensure we deliver value for members and partners, we created a five year strategy running from 2019 – 2023 which will provide a structured approach to delivering on our initiatives.

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We are Running Out of Patience, Labour Tells Buhari
Tue, 27 Nov 2018
Onyebuchi Ezigbo in Abuja The Nigeria Labour Congress (NLC) yesterday urged President Muhamadu Buhari to expedite action in transmitting an executive bill for the N30,000 minimum wage to the National Assembly. President of the NLC, Ayuba Wabba, said the continued delay in acting on the agreed N30,000 minimum wage report submitted to him by the []The post We are Running Out of Patience, Labour Tells Buhari appeared first on THISDAYLIVE.
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Again, FG Fails to Reach Agreement with ASUU
Tue, 27 Nov 2018
Kuni Tyessi in Abuja The meeting between the federal government and the Academic Staff Union of Universities (ASUU) yesterday again ended with both parties failing to resolve their differences. With the non-resolution the issues, the four-week-old industrial action embarked upon by the lecturers continues. The meeting, which started in the evening and lasted for three []The post Again, FG Fails to Reach Agreement with ASUU appeared first on THISDAYLIVE.
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Boko Haram Kills Four Farmers in Fresh Attack
Tue, 27 Nov 2018
Boko Haram jihadists have killed four farmers near Maiduguri in the latest bloodshed in the restive region, witnesses and a local militia leader said yesterday. Dozens of fighters believed to be loyal to Boko Haram factional leader Abubakar Shekau attacked a group of farmers working in their field near Jiddari-Polo yesterday a farmers who survived []The post Boko Haram Kills Four Farmers in Fresh Attack appeared first on THISDAYLIVE.
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Osinbajo, Ambode to Grace Ikeja Golf Club’s 50th Anniversary Celebration
Tue, 27 Nov 2018
The Vice President, Professor Yemi Osinbajo, and the Lagos State Governor, Mr Akinwunmi Ambode, are expected to grace the Gala Night marking the 50th Anniversary of the prestigious Ikeja Golf Club on Saturday, December 1. The Vice President will be the Special Guest of Honour, while Governor Ambode, who is the Clubs patron, will be []The post Osinbajo, Ambode to Grace Ikeja Golf Club’s 50th Anniversary Celebration appeared first on THISDAYLIVE.
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EU, Germany May Support Power Sector Metering Programme
Tue, 27 Nov 2018
60m fuel generators render economy uncompetitive Chineme Okafor in Abuja The European Union (EU) and Germany may consider supporting the implementation of the Meter Assets Providers (MAP) programme and eligible customers regulation of the Nigerian Electricity Regulatory Commission (NERC). MAP Regulations set to provide standard rules to encourage the development of independent and competitive metering []The post EU, Germany May Support Power Sector Metering Programme appeared first on THISDAYLIV
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FG, AfDB Plan $500m Fund for Fintechs
Tue, 27 Nov 2018
Goddy Egene The federal government is working with the African Development Bank (AfDB) to establish a $500 million fund aimed at financing technological innovation that will grow the country’s financial services sector and economy in general. Vice President, Yemi Osinbajo disclosed this yesterday at the opening ceremony of the 22nd African Securities Exchanges Association (ASEA) []The post FG, AfDB Plan $500m Fund for Fintechs appeared first on THISDAYLIVE.
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Osinbajo: FG Committed to Passage of PIGB
Tue, 27 Nov 2018
N’Assembly hastens move for passage Peter Uzoho Vice President Yemi Osinbajo has stated that the federal government is committed to the passage of the Petroleum Industry Governance Bill (PIGB) to enable Nigeria reap full benefits of the country’s petroleum resources. This is even as the Senate President, Dr. Bukola Saraki, and the Speaker of the []The post Osinbajo: FG Committed to Passage of PIGB appeared first on THISDAYLIVE.
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Stop Granting Reckless Remand Orders to Police, CJN Warns Judges
Tue, 27 Nov 2018
Alex Enumah in Abuja The Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, yesterday warned judges in the country to refrain from issuing what he described as ‘reckless’ remand orders to the police. Onnoghen specifically charged judges not to issue remand orders in cases where police lack concrete evidence to sustain its criminal allegations against []The post Stop Granting Reckless Remand Orders to Police, CJN Warns Judges appeared first on THISDAYLIVE.
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Population of Taxpayers Hits 33m, Says Fowler
Tue, 27 Nov 2018
Ugo Aliogo Nigeria’s taxpayers roll is set to hit 33 million, Chairman, Chairman of the Joint Tax Board (JTB) and Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, said at the 142nd meeting of the JTB in Bauchi State yesterday. According to Fowler, the ongoing database consolidation of the JTB, an initiative being []The post Population of Taxpayers Hits 33m, Says Fowler appeared first on THISDAYLIVE.
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