Economy
Tinubu mulls creation of State Police to tackle spiraling insecurity

The Eyewitness Reporter
In a bid to decapitate the spiraling insecurity in the country, President Bola Ahmed Tinubu, has set up a committee to explore all areas of possibilities to create state police.
Addressing an emergency meeting in the State House with all 36 state governors, the Vice-President, Kashim Shettima, the National Security Adviser, the Inspector-General of Police, the Director-General of the DSS, and some ministers, President Tinubu reiterated his administration commitment to bolster security in the country.
He also vowed to ensure food security in the country by setting up schemes to bolster local food production and cut out all forms of rent-seeking tied to food importation.
Towards this end, the president said has endorsed the training and equiping forest rangers to protect farmers in their communities.
“I have approved the creation of a committee that includes state governors and federal government representatives to explore, among other things, the possibility of establishing state police.
“I have also endorsed the training and equipping of forest rangers by sub-national governments to protect human and natural resources in our communities.
“My stance is unequivocal: we must move aggressively to examine the issues raised, including the potential for establishing state police.
On food security, the President said he had instructed the National Security Adviser, the Inspector General of Police and the Director of State Services to go after those who hoard foods items in their warehouses for profiteering
“Following reports out of Kano and other areas about large-scale hoarding of food in some warehouses, I have instructed the National Security Adviser, the Inspector-General of Police, and the Director-General of the Department of State Services to coordinate closely to ensure that security agencies in the states inspect such warehouses and take follow-up action.
“We cannot allow speculators, hoarders, and rent seekers to undermine our efforts in ensuring that food is widely available to all Nigerians.
” I will not establish a price control board, nor will I approve the importation of food.
“We must extricate ourselves from this predicament because importation only enables rent seekers to perpetrate fraud and mismanagement at our collective expense.
“Instead, we will support our farmers with schemes that encourage them to cultivate more food for the nation.
“We must also rapidly but thoughtfully implement our livestock development and management plans, including dairy farming and others.
On monetary policies and the Central Bank of Nigeria, Tinubu appealed to all governors and other Nigerians to trust the CBN in its efforts to take the country out of the woods as not everybody is an expert in this regard.
“I urge all governors to trust the Central Bank of Nigeria with the management of our country’s monetary policy, and emphasized the need for designated institutions to effectively fulfill their mandate.
“The “cacophony of postulations” on the fluctuation of foreign exchange rates is adversely affecting the market.
” Not everyone can be an expert. If we have assigned someone a task, we must allow them to perform it. If they fail, then we must find a way to quickly remove them from the system.
The president also urged the governors to prioritize the welfare and prosperity of the people in their development programmes while pledging the resolve of the federal government to continue to work to improve the nation’s revenue profile.
“As leaders, we must all work together to address issues of insecurity, food security, and out-of-school children” Tinubu declared.
Economy
Ojulari, new NNPCL MD, hits the ground running, assembles new management team as he takes over from Kyari

Funso OLOJO
The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has assembled new management team that will drive the vision of President Bola Ahmed Tinubu in the petroleum sector shortly after he took over the mantle of leadership from his predecessor, Mr Mele Kyari.
It could be recalled that the appointment of the erswhile NNPCL boss, Kyari was terminated and Ojulari was appointed in his stead with immediate effect.
However, in a brief handover ceremony held at the NNPC Towers, Ojulari commended Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation.
He disclosed that the objective of his management was to consolidate on the successes of his predecessor and take the company to the next level.
He said though the targets set for his management were quite enormous, he would be relying on the co-operation of the Management and staff of the company, as well as the counsel of his predecessor to achieve set targets.
“I will be counting on your support. I will need it. I will be coming around to seek your counsel,” Ojulari told Kyari.
Earlier in his remarks, Kyari congratulated Ojulari and thanked the Management and staff of the company for their support while in office.
He pledged to do everything within his power to support the new Management to succeed, stressing that he was only a call away.
Soon after the official handing over ceremony, the new new NNPCL, Mr Ojulari announced the appointment of a new 8-man Senior Management Team .
The team which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Roland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power & New Energy.
Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dagazau as Executive Vice President Downstream; Sophia Mbakwe as Executive Vice President Business Services; and Adesua Dozie, as Company Secretary & Chief Legal Officer.
All appointments are with immediate effect.
Economy
Tinubu sacks Kyari, NNPCL GMD, appoints Ojulari as new CEO, reconstitutes board

Funso OLOJO
Bayo Bashir Ojulari new NNPC GCEO,
Mrs Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.
During his career, he was chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.
Economy
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