Fuel Subsidy Extension and Naira Redesign are Not Part of the APC Manifesto — Governor El-Rufai

By

-

February 1, 2023

Unlike many of the advanced nations whose political systems are mainly driven by party ideology, Nigeria’s democracy has not been particularly favourable to the advancement of party ideology. This has been said to be largely responsible for the proliferation of capricious policies and its attendant political instability in the country.

The recent controversies and pandemonium that have emerged based on the persisting fuel crisis in the country and the redesign of Naira notes may not be detached from the failure of instituting an ideology-based governance in the country.

The Governor of Kaduna State, Mallam Nasiru El-Rufai shared insights on emerging issues around the Naira redesign and fuel subsidy removal while featuring as a guest on the morning show of Channels Television on Wednesday.

Mr El-Rufai stated that keeping fuel subsidy and redesigning the Naira was never part of the Agenda of the All Progressive Party (APC). According to the Kaduna State governor and bonafide member of the APC, the decision of the regime of the President, Major General Muhammadu Buhari (retd.) and the manifesto of the party connote two different things. As such, some of the decisions taken by the government of the day cannot be summarily interpreted as representing the posture or plan of the party.

He said, “The president is not on the ballot. The president has his tenure up to 29th May. He may not want to remove subsidy. If you look at our manifesto, we never promised to keep petroleum subsidy, we never did. Our party never promised to redesign the currency. It’s not on our manifesto.

“You need to separate the personal decisions of some people in the villa from the manifesto of the party. It is important to understand that.”

Reacting to a question on weather there is a division between the APC members and the non-APC members of the government in the (Aso Rock) villa, Mr El-Rufai simply responded, “Most of them are not (APC members). And that’s what’s interesting.”

El-Rufai also expressed his concern that certain individuals within the present government are strongly pushing for the APC to go out of power in the forthcoming general elections due to selfish interests. “I believe there are elements in the villa that want us to lose the election because they didn’t get their way.” governor El-Rufai said.

Nigerians React on Twitter As Starlink Launches in Nigeria

By

Paul Ugbede Godwin

-

February 1, 2023

0

Why do South Africans, Ghana, and most African countries particularly hate Nigerians more than they seek their daily bread? Is it jealousy ? Nigerians are the most friendly and welcoming people in Africa, what’s with trolling just because Space-X Starlink is launching first in Nigeria before other African nations, see picture below from conversations on Twitter.

Elon Musk satellite infrastructure, ‘Space-X’ Tuesday announced on microblogging platform Twitter that Starlink has officially begun operations in Nigeria, making Nigeria the first African nation to use Starlink services.

Starlink is the world’s first and largest satellite constellation using a low Earth orbit to deliver broadband internet capable of supporting streaming, online gaming, video calls and more. Space X promised Nigerians a more reliable fast internet speed. “Starlink is now available in Nigeria – the first African country to receive service”.

Ezra Olubi, Co-Founder and CTO Paystack, opines that;

at 19,260 naira a month, starlink is well positioned to put a lot of Nigerian internet service providers to shame – as long as you can pony up ~274k for the kit. looks like a worthwhile investment if you care enough about staying connected at home.

With Starlink, users can engage in activities that historically have not been possible with satellite internet. Starlink’s high-speed, low-latency service is made possible via the world’s largest constellation of highly advanced satellites operating in a low orbit around the Earth.

Elon Musk, SpaceX Chief Executive, announced the expansion of satellite-based internet service into Africa last year in May, stating that Starlink had been approved to offer broadband internet in Nigeria and Mozambique.

Most satellite internet services come from a single geostationary satellite orbiting the planet, while Starlink is a constellation of thousands of satellites that orbit the planet. Broadband internet makes telecommuting, online learning, telemedicine, job application, and skill acquisition possible.

According to the World Bank, digital connectivity can directly affect the productivity of firms, workers, and lead to improved economic outcomes.

Other African countries where Starlink will operate from are Zambia, Tanzania, and Morocco. These countries will receive satellite-based internet service services by the end of 2023, while Ghana and Namibia will have to wait until 2024. Reasons as to why there are FUDs from citizens’ of other African countries why Starlink announced Nigeria as the first African country to make use of the services is somewhat not clear on Twitter.

Where can I order Starlink in Nigeria ?

You can order your Starlink device on the Starlink website. The Starlink Kit arrives with everything you need to get online in minutes including your Starlink, WiFi router, cables and base. It is self-orienting and connects in minutes as long as it has a clear view of the sky.

The Starlink base is designed for ground level installation, or to support a quick start setup to test your internet connection. Many customers find that a permanent mount provides the best installation and service. Additional mounts and accessories are available for purchase on the Starlink shop once your Starlink Kit is ready to ship.

How to set up your Starlink

Download the App, which is available on both Android and iOS devices.

Check For Obstructions.

Unpack The Starlink Kit.

Assemble And Install The Dish.

Plug Everything In.

Connect To Starlink.

Use The App To Manage Starlink. Visibility. Statistics. Speed. Settings.

‘Elements’ in the Presidency Are Working for APC to Lose Elections – El-Rufai

By

Samuel Nwite

-

February 1, 2023

0

The All Progressive Congress (APC) presidential election campaign is taking what political commentators say is an ugly turn, as infighting appear to be brewing within the party.

Days after the APC presidential candidate, Bola Ahmed Tinubu, criticized lingering fuel scarcity and federal government’s decision to redesign naira notes and introduce new weekly withdrawal limits, the Kaduna State governor, Mallam Nasir El-Rufai has alleged that some “elements” in the Presidential Villa want the APC to fail in the forthcoming elections.

He made the allegation on Wednesday during his appearance on Channels Television’s Sunrise Daily morning program, supporting rumors that the recent decisions of the federal government are politically motivated.

“I believe that there are elements in the Villa that want us to lose the elections because they didn’t get their way,” El-Rufai said.

“They had their candidate; their candidate didn’t win the primaries and I think they are still trying to get us to lose the elections and they are hiding behind the President’s desire to do what he thinks is right.”

Tinubu emerged the winner of APC presidential primary after the party dropped its purported plan to have a consensus candidate. The ruling party was said to have intended to choose the consensus candidate from other aspirants, including the Vice President Yemi Osinbajo and the former Minister of Transportation Rotimi Amaechi.

At last, the APC allowed delegates, who voted overwhelmingly for Tinubu, to choose its presidential candidate. It is believed that the outcome of the June 8, 2022 APC presidential primary angered big wigs in the presidency, who are now working to ensure that the party fails.

El-Rufai said that recent government’s decisions such as the delay in removing fuel subsidy and currency swap resulting from the CBN’s decision to redesign naira notes few months to the election underline the work of people who want to make the APC vulnerable.

“This petroleum subsidy which is costing the country trillions of naira was something that we all agreed should be removed. In fact, I had a discussion with the President and showed him why it had to go.

“How can you have a capital budget of 200 billion [naira] for federal roads and then spend two trillion on subsidy? This was a conversation I had with the President in 2021 when the subsidy started rising. He was convinced. We left; it changed. Everyone in the government agreed.

“The second example I would give is this currency redesign. You have to understand the President. People are blaming the governor of the Central Bank for the currency redesign,” he said.

However, the Kaduna State governor exonerated President Muhammadu Buhari, citing a similar step Buhari had taken in the past to buttress the president’s innocence in all of it.

“No, you have to go back and look at the President’s first outing as president. He did this,” El-Rufai said.

The governor noted that, as the military head of state between 1983 and 1985, Buhari also changed the Nigerian currency and did so in secret with a view to catching those that stashed away illicit funds.

He however, faulted the timing now. El-Rufai said the policies coming at this period leave the APC vulnerable ahead of the forthcoming elections.

“It’s a very good intention – very clear intention. The President’s heart is white. But doing it at this time within the time allotted just doesn’t make any political [or] economic sense,” he said.

More voices from the ruling party have joined Tinubu in echoing that fuel scarcity and the naira redesign were all meant to scuttle the election.

During his campaign on Tuesday in Calabar, Tinubu again took a swipe at Buhari, accusing the president of being clueless and mismanaging the economy.

“He took dollar from N200 to N800,” he said. “He couldn’t arrest the Naira from falling because he don’t know how to think, he don’t know how to do [it].”

The frontal criticism of Buhari, which is in sharp contrast to Tinubu’s earlier campaign speeches, where he had promised to continue the president’s legacy, is seen as evidence of ongoing war in the APC.

Let’s Help You Solve The Grand Equations of Business [video]

By

Ndubuisi Ekekwe

-

February 1, 2023

0

The goal of the system is to optimize factors of production and build a category-king company. We need to solve three key equations as we design this system.

(1) Great Companies = Awesome Products + Superior Execution.

We understand here that there can never be a great company without a great product or service. But how do we get great products? We need to solve another equation:

(2) Innovation = Invention + Commercialization.

Yes, it is only when the idea has been commercialized can we be talking of it being “innovative”. Products fix customer frictions; mere ideas do not nothing. When you commercialize ideas, they become products or services. How can that be done very well? Another equation.

(3) Momentum in Business = Asset Size x Productivity.

Your business rate of growth improves when you have factors of production which are deployed in the most efficient way (analogous to the law of physics: momentum = mass x velocity). Productivity is the antenna which provides directions to the team, a critical element on those factors of production.

From Feb 6, 203, we will be solving many equations of markets and businesses. Join us at Tekedia Mini-MBA by registering today

Time for the physics of business at Tekedia Mini-MBA. Join for the grand equations and how to solve them.

Polygon (MATIC) and Solana (SOL) Show Strong Performance; Orbeon Protocol (ORBN) is Predicted to 60x After the Presale Ends

By

TI Partners

-

February 1, 2023

0

Polygon (MATIC) and Solana (SOL) have been showing strong performance in the cryptocurrency market, but one specific project that is predicted to soar even higher is Orbeon Protocol (ORBN). Orbeon Protocol (ORBN) is a revolutionary project merging blockchain with traditional fundraising techniques from the crowdfunding and venture capital industries.

This innovative approach is expected to pay off big for investors, as Orbeon Protocol (ORBN) is predicted to increase by a staggering 6000% after the presale ends. The ORBN coins are also expected to surpass the $0.24 level, making it a highly attractive investment opportunity for those looking to profit.

>>BUY ORBEON TOKENS HERE<<

Polygon (MATIC)

Polygon (MATIC) blockchain is the leading dApp development platform for developers, particularly in the web3 sector. Polygon (MATIC) began as a scaling solution for the Ethereum (ETH) network before evolving into a multipurpose protocol for users.

Polygon (MATIC) connects Ethereum-compatible blockchains and enables users to create various high-scaling and efficient dApps on the platform. Polygon (MATIC) is designed to improve existing blockchain systems. The layer-two blockchain has been adjusted to make it more scalable, cost-effective, satisfying and usable for blockchain users.

Polygon (MATIC) has risen rapidly following a week of turmoil. Polygon (MATIC) is selling at $1.13, a 45% increase over the last month. Analysts have been quite positive after the token surpassed $1. Polygon (MATIC) is expected to rise in the following days or weeks.

>>BUY ORBEON TOKENS HERE<<

Solana (SOL)

Solana (SOL) is one of the market’s major platforms. Solana (SOL) is an open-source effort that uses the permissionless nature of blockchain technology to deliver decentralized money services. Although Solana (SOL) development began in 2017, the Solana (SOL) Foundation did not publicly launch the platform until 2020. The headquarters of Solana (SOL) are in Geneva, Switzerland.

Solana (SOL) can handle more than 50,000 transactions per second (TPS). At the time of publication, Solana’s (SOL) development activities had increased even more. The increase came after a steep dip the day before, which coincided with a price fall. High development activity is expected to raise Solana’s (SOL) value.

Investor confidence improved as development activity on the network increased, as shown by a retreating weighted sentiment from the negative region. The improving investor mood might boost Solana (SOL) even further.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) has merged blockchain technology with traditional business techniques from the crowdfunding and venture capital industries. Orbeon Protocol (ORBN) is a unique blockchain-based investment platform that creates digital tokenized equity for early-stage firms looking to attract capital.

Orbeon Protocol (ORBN) creates equity-backed, fractional NFTs for early-stage companies. Individual and small investors can also become venture capitalists by contributing as little as $1.

Orbeon Protocol (ORBN) has developed a “Fill or Kill” technique to safeguard investors from fraudulent firms. Investors are automatically repaid if a company fails to fulfill specific fundraising criteria.

The presale of Orbeon Protocol (ORBN) is in great demand. As a result, the Orbeon Protocol (ORBN) token price has risen from $0.004 to the current price of $0.06 in just a few weeks, boasting a 1400% return. Orbeon Protocol (ORBN) is expected to increase a staggering 6000% as ORBN tokens are expected to surpass the $0.24 level before the presale round concludes.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Telegram: https://t.me/OrbeonProtocol

Fuel Subsidy Extension and Naira Redesign are Not Part of the APC Manifesto — Governor El-Rufai

Like this: