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Nigeria has proved itself to the world – Emefiele *Says, Buhari deserves accolades

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“They were very skeptical, saying that Nigeria typically crafts brilliant policies that could engender diversification but lacked the ability to fully implement them,” were the exact words with which Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), described the pessimism with which the international investment community scoffed at the idea of Nigeria succeeding at the attempt to diversify its economy.

But such doubts have now been cleared by the streams of successes in the effort, which was capped on Monday by the commissioning of the largest single-train refinery in the country, a testament to the fact that the country not only had the capacity, but both the natural and human resources to solve its economic problems over time, the CBN, boss, said at the commissioning of the $20billion Dangote Refinery project, in Lagos, on Monday.

Emefiele, who paid a lot of tribute to President Muhammadu Buhari, for his foresight and support for the policies that led to the achievement of the feat, said the success of the diversification efforts Nigeria had embarked upon under his government, would remain a constant reminder of his legacy in power, much as the future gains would remain assured.

His words: “It shows that, regardless of what the world thinks, Nigeria can be self-sufficient in all products that we consume and at the same time export our excess output to the rest of the world. Your Excellencies, please permit me to recall the events leading to Nigeria’s eviction from the JP Morgan index in 2017 following their pessimism on Nigeria’s economic outlook and our ability to take charge of our fortunes.

“At that time, we had explained the ongoing efforts to diversify our economic base, through import substitution and export promotion strategies, to sustainably attain self-sufficiency. They were very skeptical, saying that Nigeria typically crafts brilliant policies that could engender diversification but lacked the ability to fully implement them. Even when we insisted that, under the leadership of President Muhammadu Buhari, that the ongoing efforts will be actively implemented to diversify the economy and make the country globally competitive; they still doubted us.

“Aside from enumerating our strategic efforts in agriculture and other critical sectors, a sterling project that we highlighted to our foreign investor community was this gigantic Dangote Refinery and Petrochemical project. Your Excellencies, they doubted our willpower to succeed with this project. In hindsight, I could appreciate their skepticism because they do not understand how a single individual could build a refinery capable of serving an entire nation and continent. To them, projects of this magnitude are usually only undertaken by sovereigns not individuals. But like Nelson Mandela once famously said, “it always seems impossible until it is done.”

“Today, Your Excellencies, it is with extreme delight that I say that President Mandela’s quote has come true for us. The impossible has today become possible. I am glad that we never doubted ourselves. Under President Muhammadu Buhari’s leadership, this seemingly unattainable project has berthed and, correspondingly, under the incoming administration of President Bola Ahmed Tinubu, Nigeria will cease importing petroleum products, fertilizer and petrochemical that drained over US$26 billion in FOREX in 2022. The self-sufficiency in refined petroleum, urea, and polypropylene, which Nigeria has attained with this project is a strong testament to how leadership, dedication, focus, commitment, and resilience has helped Nigeria in its drive towards import substitution and export orientation.”

Emefiele, assured Nigerians that the take-off of the refinery, would bring numerous economic benefits to the country, including generation of thousands of direct jobs and millions of indirect jobs, with over 135,000 permanent jobs, in addition to generating up to 12,000MW of electricity. “More importantly, this project avails Nigeria with significant savings both in terms of foreign exchange and in easing the fiscal burden on the Federal Government. Available data at the Central Bank of Nigeria as of 2014, shows that at least 30 percent of the foreign exchange required to meet Nigeria’s import needs went into the importation of refined petroleum products.

“It is instructive to note, distinguished guests, that according to the balance of payments statistics, the cost (including freight) of petroleum products imports into Nigeria doubled over a five-year period from about US$8.4 billion in 2017 to US$16.2 billion (indicating an annual average of US$11.1 billion), before rising further to US$23.3 billion by end-2022.

“At this rate, the average annual cost of petroleum products imports to Nigeria could reach US$30 billion by 2027 if we continued to rely on petroleum imports. These figures suggest that the refinery could engender foreign exchange savings to the country, of between US$25 billion and US$30 billion annually,” he said.

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Speak now! Catholic priests want Kaduna gov’s reaction to El-Rufai’s Islamisation comments

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Uba Sani, must either officially distance himself or affirm the declaration of his predecessor Nasir El-Rufai that Muslim-Muslim executive branch leadership, have come to stay or stand up to denounce it immediately.

These were the demands from Catholic priests in parts of the North, who as they expressed disgust at the statement, which showed the former governor captured in a video, which went viral last week, practically celebrating the continuation of an arrangement, which he first introduced in 2019, and which has now been sustained with the new governor having a Muslim deputy.

Clerics from Kaduna, Kafanchan and Zaria chapters of the Nigerian Catholic Diocesan Priests Association (NCDPA), in a public letter to Sani, urged him to declare his position on what they described as political supremacism in Kaduna state and Nigeria, as part of their reactions to the video, which has raised a lot of dust.

El-Rufai, who in his speech to Muslim clerics in the state, had recounted how after instituting an all-Muslim executive in the state himself and made it permanent in the state, the arrangement was pushed through at the national level with the election of Bola Ahmed Tinubu and Kashim Shettima, as President and Vice President, respectively on the platform of the All Progressives Congress (APC).

Informing that while Nigerians were actually believed that religion was not the issue in pushing through with the ticket, when it was in fact the case, the former Governor, who spoke in Hausa, declared that the arrangement had come to stay and would last for the next 20 years at the initial stage after Tinubu, adding that the Christian Association of Nigeria (CAN), had been defeated by the outcome.

But an apparently thoroughly upset Catholic priests, in an open letter on Thursday, said: “Having soberly considered the contents and implications of such communication by a former state governor who is known to be your close ally, we feel compelled to write you, to know where you stand with regard to the commotions Mallam El-Rufai intends to propagate and perpetuate in our state,” the letter reads.

“We write you today because we are responsible stakeholders in the affairs of our beloved state with our own congregations and followers. Mr governor, we do not intend to conclude that you are in agreement with all the content of the former governor’s utterances, as you have given no explicit reason to suggest so (yet), even though you were present at the occasion! We therefore earnestly expect your direct official reaction to the utterances of your predecessor in office.”

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Buhari spent more than $19billion on revamping four refineries without result – Nasarawa gov

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Barely two weeks after his exit, the records of former President Muhammadu Buhari, have come to to the fore with one of them indicating a damning verdict, as he was said to have sunk a whopping $19billion in trying to rehabilitate the nation’s four refineries, without anything to show for it.

Abdullahi Sule, Governor of Nassarawa State, who used the former President abysmal failure to make a case for supporting the removal on petroleum products, compared the huge wastage to the amount Dangote refinery, cost to give Nigeria a facility with the single chain production in the world.

None of Nigeria’s four refineries, located in Kaduna, Port Harcourt, and Warri is currently operational despite the huge amount sunk to resuscitate them, most of the funds borrowed from foreign lending agencies, the latest being the securing of $1.5million loan for that of Port Harcourt.

Bemoaning the situation, the governor, said: “Look at how much the President Buhari administration spent on fixing the refineries. In the eight years, he spent more money than the $19 billion that Dangote spent in building a refinery. That is one and a half times the size of our three refineries combined.”

A guest on Sunrise Daily, a breakfast programm of Channels Television on Thursday, Sule, pinned the payments of subsidy on Nigeria’s non-functional refineries, adding: “From the government side, I think we didn’t do a good job. When the (former) President (Buhari) came in in 2015, prices of crude oil dropped by less than 30 dollars. At that time, there was zero subsidy.

“Our three refineries in Nigeria today have a total of 450,000 barrels per day, Dangote is 650,000. He spent $19 billion on building it. We spent, not building a new one, but in maintaining these refineries; more than $19 billion in eight years, yet they have not been maintained.”

The Dangote Refinery, Africa’s biggest oil refinery, which took off in 2017, drew Nigerians and global personalities in different fields of life, including four African Presidents at its commissioning on May 22, 2023 by Buhari.

Sule, who also lamented the complexity of maintaining the refineries due to their diverse components, added: “The refinery is actually a component for water, crude, and diesel, about five or six different components that constitute a refinery. The moment the government says we are going to spend $2 billion this year on the refinery. The $2 billion is spent and as far as the President is concerned, they have given $2 billion.

“Now when it goes to the three refineries that we have in Port Harcourt, Warri, and Kaduna. Then they say, you now take $700 million, you now take $800 million – by the time they take that, it goes to fix maybe only one component out of the four components that are all bad. The ideal resolve would have been to allocate the major funds to one of the refining states to fix it totally before allocating the remainder to the other states.

“So, zero work is done. These are the true realities of what is happening, and that is why none of the refineries is working. These are truly the problem, we have not really managed this thing well.”

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Japan goes tough on asylum seekers, enacts new law to check abuse

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Despite desperate attempts to block it, including a ruckus, which broke out in parliament Japan went ahead on Friday to enact an immigration law that would see the government deporting failed asylum seekers, even with members of civil society, joining in the pushback.

The law gives refugees only three chances to try after which they would face deportation, unlike before when applicants could stay in Japan during the decision process, regardless of the number of attempts they made to secure refugee status, reports, say.

The revised law will “protect those who must be protected while strictly dealing with people who have violated rules. There are many people who misuse the application system to avoid deportation,” Justice Minister Ken Saito, was quoted as saying, adding that this had persisted even when such people were not fleeing danger or persecution.

Last year, Japan accepted just 202 refugees out of some 12,500 applicants, and separately allowed 1,760 people to remain in the country due to “humanitarian considerations,” including more than 2,400 evacuees from Ukraine under a different framework.

Activists staged rallies against the revised law, but a protest from the opposition bloc in parliament was voted down by the ruling coalition, which holds a commanding majority.

“It is intolerable to deport people, even if they have criminal records, to countries that may violate their human rights” and where “their life and freedom would be in danger”, the Tokyo Bar Association said this week.

The ruling Liberal Democratic Party says the revisions will bring better access to medical care and accommodation options for people whose asylum applications are pending.

Japan’s immigration detention conditions have been under scrutiny since the 2021 death of Wishma Sandamali, a 33-year-old Sri Lankan woman.

Sandamali was not an asylum seeker but had been held for overstaying her visa after seeking police protection, reportedly to escape an abusive relationship.

Her family are seeking compensation of more than $1 million from the government over her death.

Sandamali reportedly complained repeatedly of stomach pain and other symptoms, and campaigners allege she received inadequate medical care.

Controversy and political pressure over the incident led ruling lawmakers to drop a push to enact similar legal changes to immigration rules two years ago.

Shoichi Ibusuki, a lawyer for Sandamali’s family, told AFP on Thursday that the revised bill was “equivalent to having a button to execute those who seek refuge by deporting them”.

“Japan’s refugee recognition system is not working,” he said, with officials turning down applications quickly, sometimes without face-to-face interviews.

Amnesty International also said in March that Japan should scrap the proposed revision to immigration laws, calling the country’s detention policies “harsh” and “repressive.”

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