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Insecurity Has Made Nigeria Uninhabitable And Unattractive To Investors — Gbajabiamila

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The speaker of the House of Representatives, Femi Gbajabiamila has stated that the insecurity witnessed in the country has made Nigeria uninhabitable for citizens and unattractive to investors.

Gbajabiamila said this during a public presentation of the updated legislative agenda of the house of representatives tagged ‘our contract with Nigerians’.

The speaker who also noted that the education system is producing graduates who cannot compete in the 21st-century knowledge economy, added that the updated legislative agenda highlights new strategies with which the house plans to help Nigerians deal with the new realities imposed by the COVID-19 pandemic.

He said;

“Before now, the extent of our difficulties was well known to us. We have population growth that far outpaces the rate of economic growth. Insecurity has made vast swathes of our country uninhabitable for citizens and unattractive to investment.

“We are at war, fighting insurgents in the North-east who want to remake our world in the image of a medieval theocracy. Our education system is producing graduates who cannot compete in the 21st-century knowledge economy.

“This updated legislative agenda and the implementation plan which we have tagged ‘our contract with Nigerians’ sets out the new priorities of this 9th house of representatives and commits us to a plan of action over the next year, and for the rest of our tenure.

“We have called this document a contract because that is what it is; a written account of what we owe the people and how we intend to meet our obligations within the shortest possible time.

“These documents represent our intention to be held accountable based on what we have freely committed to achieving, and which I am confident we will realize to the glory of God and the edification of our people.

“Our gathering here today is first to present this document to the public. More importantly, this gathering is intended as a convenient space for us to have frank conversations about how we will go about achieving the objectives we have set out in ‘Our Contract with Nigerians’. This is an opportunity to empower ourselves with the confidence to dare and the skills to deliver.

“I encourage all of us to use the time here today to learn from the speakers and each other, exchange ideas and develop individual roadmap that would guide our interactions as we work together to deliver a House of Representatives that meets the highest expectations of its citizens.”

Inside Nigeria

Why We Increased Hate Speech Fine To N5 Million — Lai Mohammed

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lai mohammed

The Federal Government says it increased the fine for hate speech from N500, 000 to N5 million in the amended National Broadcasting Code to deter people who are willingly violating the provision to destabilise the country.

The Minister of Information and Culture, Alhaji Lai Mohammed gave the explanation on Friday when he featured on a TVC live Programme, “This Morning”” monitored by the News Agency of Nigeria in Abuja.

NAN recalls that the minister in 2019 announced the approval of President Muhammadu Buhari for the increase of the fine which was later stipulated in the ammended Broadcasting Code.

“What motivated the amendment was that when the fine was N500,000 we saw the provision being violated at will because the amount was very easy to pay,” he said.

The minister explained that some desperate people, who know that their broadcast content contains hate speech, will insist that the broadcast stations should air it while they bear the cost of the fine.

The minister noted that those attacking the government over the increase, must remember that hate speech had destroyed many countries.

He recalled that Rwandan lost 800,000 lives to hate speech while Bosnia and Cambodia equally lost thousands of lives to the menace.

Mohammed said that Nigeria is not the only country to impose sanction on hate speech, adding that some nations have more stringent provisions.

“Chad has today slow down the speed of its internet service to slow down the growth of hate speech.

“Iceland has a provision in its penal code against hate speech and the punishment is up to five years in jail.

“The sanction in Norway is up to two years imprisonment while South Africa separated hate speech from the protection their citizens can get from the constitution,” he said.

The minister said that hate speech is not new but the social media and its wildfire capacity to spread information made it to be more problematic.

He, therefore, reiterated the resolve of the government to regulate the social media without stifling the freedom of speech.

NAN

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Inside Nigeria

Buhari Signs Amended Companies And Allied Bill Into Law

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Muhammadu Buhari

President Muhmmadu Buhari, on Friday in Abuja, assented to the Companies and Allied Matters Bill, 2020, which was recently passed by the National Assembly.

President Buhari’s assent to the bill repealed and replaced the one hitherto in effect; Companies and Allied Matters Act, 1990. The new law comes in 30 years after the previous one.

According to a statement issued by the Special Adviser to the President on Media and Publicity Mr Femi Adesina, the new law is coming with several corporate legal innovations geared toward enhancing ease of doing business in the country.

Among the newly introduced innovations to the law, according to the statement are the following: “Filing fee reductions and other reforms to make it easier and cheaper for small and medium-sized enterprises to register and reform their businesses in Nigeria;

“Allowing corporate promoters of companies to establish private companies with a single member or shareholder, and creating limited liability partnerships and limited partnerships to give investors and business people alternative forms of carrying out their business in an efficient and flexible way;

“Innovating processes and procedures to ease the operations of companies, such as introducing Statements of Compliance; replacing ‘authorised share capital’ with minimum share capital to reduce costs of incorporating companies; and providing for electronic filing, electronic share transfers, e-meetings as well as remote general meetings for private companies in response to the disruptions to close contact physical meetings due to the COVID-19 pandemic;

“Requiring the disclosure of persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency; and

“Enhancing the minority shareholder protection and engagement; introducing enhanced business rescue reforms for insolvent companies; and permitting the merger of Incorporated Trustees for associations that share similar aims and objectives,” the statement said.

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Inside Nigeria

Aisha, Wife Of Nigeria’s President, Muhammadu Buhari Flown To Dubai For Urgent Medical Treatment

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Aisha Buhari

New reports reveal that Aisha Buhari, the wife of Nigeria’s President, has been flown to Dubai, United Arab Emirates, for urgent medical treatment.

It was gathered that the First Lady was flown to the Arabian country last weekend during the Muslim Sallah holiday after complaining of neck pain for about two weeks before that time.

The neck pain was said to have started shortly after Mrs Buhari returned to Abuja from a trip to Lagos in July where she had visited Florence, widow of former Oyo State governor, Abiola Ajimobi, who died of Coronavirus complications on June 25, 2020.

Upon her return to Abuja, Aisha was said to have self-isolated for 14 days in line with the Coronavirus safety regime.

A source close to the seat of power informed SaharaReporters that the First Lady’s neck pain assumed a disturbing dimension shortly after she completed the 14-day isolation period, forcing the decision to fly her to UAE for medical treatment.

The source confirmed that she is in a stable condition and observing bed rest at a hospital in the Arabian country.

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