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October 3, 2024 Cabinet Reshuffle: Bwala Urges Patience with Tinubu

Cabinet Reshuffle: Bwala Urges Patience with Tinubu

Daniel Bwala, former spokesperson for Atiku Abubakar’s 2023 presidential campaign, has urged Nigerians to exercise patience regarding President Bola Tinubu's anticipated cabinet reshuffle. Speaking on a program on Wednesday, Bwala emphasized that the timing of the reshuffle is solely at the president’s discretion.

He explained that Tinubu is likely making decisions based on the performance evaluations of his ministers through Key Performance Indicators (KPI). Bwala highlighted that the President has the ultimate authority in assessing his ministers' performance and urged the public to trust the process, as the reshuffle could occur at any time.

"He will do it when he wants to. The good thing is that he must have formed his opinion through the KPI assessment, and any minister who has not met the expectations will be aware," Bwala said. He added, "The President is the overall assessor. He even engaged the Nigerian people, saying, 'Go and talk to them about the program,' and he will act when he decides."

Bwala reassured Nigerians, asking for patience, as the reshuffle could happen "tonight, tomorrow, or anytime."

October 3, 2024 Protest Breaks Out at PDP Secretariat Over Rivers Local Government Election

Protest Breaks Out at PDP Secretariat Over Rivers Local Government Election

Protests broke out at the People’s Democratic Party (PDP) secretariat in Port Harcourt, Rivers State, on Thursday, as tensions escalated ahead of the October 5, 2024, local government election. A large crowd of protesters gathered at the party’s secretariat, prompting security personnel to intervene and manage the situation, including controlling traffic disruptions in the area.

The protests stemmed from mounting concerns over the delay in the release of the 2023 Voters' Register by the Independent National Electoral Commission (INEC) to the Rivers State Independent Electoral Commission (RSIEC). This delay followed a ruling by Justice Peter Lifu of the Federal High Court in Abuja on September 30, 2024, which barred INEC from releasing the voters' register due to ongoing legal disputes.

Despite the court’s ruling, Governor Siminalayi Fubara insisted that the election would proceed as planned. He expressed confidence in a prior Supreme Court ruling that requires all states to have democratically elected local government officials, reinforcing his stance to move forward with the election.

October 3, 2024 Mexican President Apologizes for 1968 Student Massacre

Mexican President Apologizes for 1968 Student Massacre

Mexican President Claudia Sheinbaum issued a formal apology on Wednesday for the 1968 student massacre by the military, marking one of her first actions after taking office. “October 2nd will not be forgotten!” Sheinbaum, a former student activist who calls herself the “daughter of ’68,” declared on the massacre's anniversary.

Official reports state that 30 people were killed when security forces opened fire on students peacefully protesting in Mexico City's Tlatelolco district, just days before the Olympic Games. However, activists and relatives claim the death toll was closer to 400.

In her first press conference after being sworn in as Mexico’s first female president, Sheinbaum announced plans to issue a decree recognizing the massacre as a crime against humanity. She vowed that security forces would never again be used “to attack or repress the people of Mexico,” ahead of a planned protest demanding justice for the victims.

Born to Bulgarian and Lithuanian Jewish migrants in Mexico City, Sheinbaum came of age during the 1960s student movements that challenged the long-standing rule of the Institutional Revolutionary Party (PRI). Her mother, a university professor, lost her job for denouncing the massacre.

Later that day, thousands of people marched in the annual demonstration honoring the fallen students. Some protesters, known as the "black bloc" for their hooded black attire, clashed with police in Mexico City's Zocalo, throwing stones and firecrackers.

Oscar Menendez, 90, who witnessed the 1968 tragedy, criticized the apology, saying, "It is not enough to apologize. We want justice… Apologies are for friends, not for those of us who gave our lives to change this country." Another protester, Angel Rodriguez, 76, acknowledged that while the apology was significant, it should have come from previous administrations.

Sheinbaum, a scientist by training, won a decisive victory in June, promising to continue the left-wing reforms of her predecessor, Andres Manuel Lopez Obrador. Despite an approval rating of 70 percent, Lopez Obrador left office this week due to the country’s single-term limit. He is credited for implementing policies focused on helping Mexico's poorer population.

As Sheinbaum steps into office, she faces the challenge of addressing rampant criminal violence, much of it driven by drug trafficking and gangs, which has claimed over 450,000 lives since 2006. She plans to unveil her security strategy next week.

October 3, 2024 FG Removes VAT on Diesel and Cooking Gas

FG Removes VAT on Diesel and Cooking Gas

The Federal Government has introduced new tax incentives to encourage investments in deep offshore oil and gas production. Additionally, key energy products such as diesel, feed gas, liquefied petroleum gas (LPG), compressed natural gas (CNG), electric vehicles, liquefied natural gas (LNG) infrastructure, and clean cooking equipment will now be exempt from value-added tax (VAT). This was announced by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in a statement released on Wednesday.

Signed by the Director of Information and Public Relations, Mohammed Manga, the statement highlights that these measures will enhance Nigeria’s position as a prime location for global oil and gas investments, strengthen energy security, and accelerate the country’s transition to cleaner energy sources.

The announcement coincides with divestment plans by ExxonMobil and Seplat, which are set to receive ministerial approval soon. In its effort to revitalize both the upstream and downstream sectors, the government introduced two key fiscal measures: the VAT Modification Order 2024 and the Notice of Tax Incentives for Deep Offshore Oil & Gas Production.

According to Manga, the VAT Modification Order 2024 includes tax exemptions for various essential energy products and infrastructure, aimed at reducing the cost of living, promoting energy security, and facilitating Nigeria’s shift toward cleaner energy solutions.

The new tax incentives for deep offshore oil and gas projects are designed to make Nigeria’s offshore basin more attractive for international investments. The ministry emphasized that these reforms reflect the government’s commitment to sustainable growth, economic prosperity, and energy security for Nigerians.

These changes are part of broader policy reforms spearheaded by President Bola Tinubu, outlined in Policy Directives 40-42, which aim to strengthen Nigeria’s competitiveness in the global oil and gas market. With these measures, Nigeria is set to reclaim its leadership role in the international oil and gas industry.

“These fiscal incentives demonstrate the administration’s unwavering commitment to fostering sustainable growth, enhancing energy security, and driving economic prosperity for all Nigerians,” the statement concluded.

 

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