Thursday, Oct 22nd 2020 6:26 PM

Market Digest Nigeria


Nigerian Newspaper Headline (26th April,2019)


President Buhari’s recent ‘Private Trip” to London has sparked up a lot of speculations from Nigerians and the opposition party (Peoples Democratic Party) has said that the President owes it to Nigerians to explain why he is going on a private trip before his inauguration on 22 May, 2019.

The major Nigerian Newspapers has this story as their headline.


Punch Newspaper:  Knocks as Buhari begins 10-day ‘private visit’ to UK

The Peoples Democratic Party and the Coalition of United Political Parties on Thursday called on President Muhammadu Buhari to disclose his reason for embarking on a 10-day trip to the United Kingdom. Their reactions came an official statement was released on Thursday by the Presidency. The President, who was on an official visit to Maiduguri, the Borno State capital, on Thursday, was expected to travel to the UK after the trip to the north-eastern state. He will be away till May 5.

They said it was wrong for the President to go on a journey without telling Nigerians what he would do while away. The President should be able to tell Nigerians if he is going for holidays or if it concerns his health, since he is traveling in the capacity of the President of Nigeria and not as an individual.

The  National Chairman of the PDP, Prince Uche Secondus also said President Buhari owes Nigerians transparency as he said he is a man of integrity and his government has nothing to hide. He also pointed out the fact that the president is going on the presidential jet, that is maintained by taxpayers and not on a commercial flight.

The CUPP reacted by  saying the trip had proved that the country has been on autopilot since President Buhari assumed office. The coalition’s national spokesman, Imo Ugochinyere, said this in an interview with PUNCH. Ugochinyere said since his trips were funded with taxpayers’ money, the President should say the reason for his latest trip instead of tagging it a private visit.

He said, “The President is taking Nigerians for granted. He does whatever he likes without bothering about anybody. After spending over a year outside the country in the last four years, he has again embarked on what he called a private visit with the taxpayers’ money.


Guardian Newspaper: Senate summons IGP, moves to check banditry in northern states

The Senate yesterday had a marathon debate on the insecurity in the country, particularly the rising cases of kidnapping, and resolved to invite the Acting Inspector General of Police, Mohammed Adamu, to a meeting over how to effectively tackle these matters. Although, the IGP is expected to appear next week, no specific date has been fixed.

The debate lasted for three hours the motion to this effect was sponsored by Shehu Sani (Kaduna Central) and 107 other senators, it was pointed out that many local government areas in Niger, Katsina, Zamfara, Sokoto, Borno and Yobe states as well as other key areas in the northern part of the country are under siege by kidnappers and other criminal elements.

It was also revealed that over 3,000 Nigerians are currently being held in captivity by kidnappers in Zamfara and other states in the North. The Senate was equally informed that foreign firms have adopted the option of making provisions for ransom in their annual budgets. Members of the elite and the governing political class were indicted for paying attention only to protecting their power bases.

Senator Shehu Sani said if this violence continues, there will be no Zamfara state in the next two months.

The Deputy President of the Senate, Ike Ekweremadu, said kidnapping of foreigners had jacked up the cost of constructing roads in the country. According to him, foreign construction companies now factor in money for payment of ransoms into the cost when negotiating with government.

The Senate President, Bukola Saraki, who presided over the session, said a solution must be found on ways out of the repeated attacks. “When we talk about the way forward, we must be true to ourselves. In discussing this issue, we must be frontal. We need to tell ourselves where this started from. We must not see it from the eyes of political parties or anything sentimental.


The Nation Newspaper: 3,000 in kidnappers’ den as Senate, Labour seek action

Senators yesterday discussed the security situation, submitting that people in many parts of the country, especially the North, were at the mercy of hoodlums. They said banditry and kidnapping were now the order of the day, with the rich and the poor fallen prey.

The senators were contributing to a motion on “Senseless killing of a Briton and the abduction of three others in a holiday resort in Kaduna State by armed bandits”, sponsored by Senator Shehu Sani and 108 others. Using the situation report in Zamfara State, which is fast becoming the major center of banditry, Senator Kabiru Marafa said over 3000 persons were in bandits’ den.


Sun Newspaper: Buhari holds valedictory FEC meeting with ministers May 22

President Muhammadu Buhari would hold a valedictory Federal Executive Council (FEC) meeting on May 22, Minister of Informarion and Culture, Lai Mohammed has said. He would be sworn in on May 29 to begin another four year term in office.

But contrary to speculation that the cabinet would be dissolved immediately after the valedictory session, the minister, who briefed State House Correspondents at the end of FEC meeting presided over by Vice President Yemi Osinbajo at the presidential villa, Abuja, yesterday, said the cabinet would remain intact.

He said ministers were already preparing their handover notes to be submitted to Permanent Secretaries in their respective ministries, as directed by President Buhari, before the administration winds down completely.




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