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Management Of Economy Is Government’s Responsibility – Buhari

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The Presidency on Thursday explained the reason behind the exclusion of the private sector in the current Economic Management Team headed by the Vice President Yemi Osinbajo, stating that the President Muhammadu Buhari’s administration considered the management of the economy its own responsibility.‎

The Presidency also denied reports of ongoing secret recruitment of wards and cronies of top government functionaries by the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS) and other agencies and parastatals of government, describing it as “inaccurate.”

Senior Special Assistant to the Vice President, Laolu Akande, told journalists at the State House that the government could not afford to leave sensitive decisions in the hands of the private sector, hence its exclusion from the economic management team.

‎”We have to understand that the attitude of this Presidency is to consider the management of the economy as a government responsibility. It is not something that this government believes should be done by bringing in some of the private interests into the economic team to take a decision that they will be directly involved with.

“So, our stand is that the management of the economy is a government responsibility,” Akande said.

The Vice President’s media aide however added that the private sector was not totally excluded as other stakeholders such as the Manufacturers Association of Nigeria (MAN) and the Nigerian Economic Summit Group, NESG, had also been engaged by the government.

“For instance, we have started meeting on constant basis with Manufacturers Association of Nigeria (MAN). There have been meetings with arms of the economic sector of the country. There have been meetings with the Nigerian Economic Summit Group (NESG) and some other economic interests with companies, making presentations.

“But generally, this team is a government team and the team has been able to set out before the budget trying to figure out what the budget ought to focus on. After the budget was presented and eventually signed, there was also the publication of the strategic implementation plan, which was produced in a reader friendly format.

“All of these are the outcomes of what Economic Management Team does and it is also in the team that you have the heap of the whole physical and monetary policy and don’t forget that the monetary policy is always the duty and responsibility of the Central Bank which is an economic arm of government,” he said.

Asked to put a timeline when Nigerians will begin to feel the impact of the economic team, the Vice President’s media aide said the country was still “dealing mostly with situations that have been caused even before this administration took over power adding that the President and his team have worked hard and planned not only to save cost, or tighten public expenditure but to also diversify the economy like never before.

“It is taking a while because of the extent of the damage,” he said.

On media reports alleging that the cronies of officials of the present government including President Mohammadu Buhari and his vice, had been secretly employed by government agencies described as lucrative.‎

But the Akande, told State House correspondents that there was no iota of truth in the reports.

According to him, the government was rather sanitizing the recruitment process and the public service systems to make them more transparent.

“These reports are inaccurate. What we heard is that government is working to ensure that we develop going forward in more transparent process. We are committed in going forward to ensure that some of these procedures are refined, fine-tuned and made to become more transparent,” he said.

 

 

 

 

 

Source: www.businessday.ng

MOVIES

Biodun Stephen’s “Muri and Ko” Leads Nollywood Films At The Box Office

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"Muri and Ko" Leads Nollywood Films At The Box Office | Fab.ng

The Nigerian box office witnessed a power shift this week, with Nollywood’s “Muri and Ko” making a surprising climb to the top. Let’s take a closer look at how these films are performing.

Debuting at number six, “Muri and Ko” defied expectations by surging to the coveted second-place position.

This heartwarming story follows the unexpected turn of events for a thief named Muri. After stealing a car, Muri discovers a child inside. Forced to go on the run from the police with a bounty on his head, an unlikely bond begins to form between Muri and the child.

This unique premise and strong performances seem to resonate with Nigerian audiences, propelling the film to financial success.

Hollywood’s action-comedy juggernaut, “Bad Boys: Ride or Die,” continues its reign at the top of the box office chart for the third week. This highly anticipated sequel to the popular “Bad Boys” franchise continues to rake in the big bucks. It grossed an impressive ₦100.8 million this week. With a total haul of ₦216.5 million so far, “Bad Boys: Ride or Die” shows no signs of slowing down anytime soon.

After holding the top spot for three consecutive weeks, “Funmilayo Ransome-Kuti,” a biographical drama chronicling the life of the famed Nigerian activist, has been dethroned by “Muri and Ko.”

This week, “Funmilayo Ransome-Kuti” only managed to secure ₦15 million. The movie dropped down to fourth place with a total gross of ₦156.5 million. While it seems to have lost its initial momentum, “Funmilayo Ransome-Kuti” still holds a respectable position at the box office.

The action thriller film, “Criminal,” took a hit this week. It experienced a significant drop in its position on the charts. Falling from fourth place to sixth place, “Criminal” brought in only ₦8.2 million this week. This brings its total gross to ₦45.7 million. The reason behind the film’s decline in popularity could be due to a combination of factors. These factors can be competition from new releases or negative word-of-mouth.

The Nigerian box office is a dynamic landscape, and these rankings can fluctuate from week to week. However, the success of “Muri and Ko” demonstrates the potential for Nollywood films to capture the hearts and wallets of Nigerian audiences. This can happen with captivating stories and strong performances.

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MUSIC

Victony Drops Debut Album “Stubborn”

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Stubborn: Victony Drops Debut Album | Fab.ng

Nigerian artist Victony, known for his global hit “Soweto,” has finally dropped his debut album, “Stubborn.” This highly anticipated release marks a turning point in Victony’s musical journey.

Victony collaborates with a star-studded lineup. This includes Afrobeats giant Asake, Shallipopi, American rapper Teezo Touchdown, and Guyanese-American star Saint Jhn. This impressive roster blends musical styles. Also, it showcases the rich tapestry of African music for the world.

Released on June 21st, 2024, “Stubborn” is more than just music.

The album is a testament to Victony’s resilience. Three years ago, he was in a near-fatal accident that tragically took his best friend’s life. Victony required extensive surgery and rehab to walk again. The title “Stubborn” reflects his unwavering determination to return to music stronger than ever.

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MOVIES

Kanayo O. Kanayo Vows To Disrupt Any Film Set That Engages The Service Of Actress Angel Unigwe

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Kanayo to disrupt any film set that engages Angel Unigwe | Fab.ng

Veteran Nollywood actor Kanayo O. Kanayo is raising a red flag about working with young actress Angel Unigwe. In a recent Instagram video, Kanayo expressed his frustration with Unigwe’s mother, who he believes is managing her daughter’s career unprofessionally.

Kanayo admitted hearing rumours about unprofessional behaviour but didn’t take them seriously until he had a personal experience. He had apparently cast Unigwe in a film and reached an agreement with her mother, the details of which weren’t mentioned. However, the agreement wasn’t honoured, prompting Kanayo’s public warning.

Furthermore, Kanayo urged other movie producers to avoid working with Angel Unigwe.

He went as far as saying he would disrupt filming sets if he saw her working on a production. This is a serious move in the Nollywood industry. Also, it highlights the level of Kanayo’s frustration and his desire to protect other producers from similar experiences.

He stated,

“I am making this video to protect the entertainment industry in Nigeria. A particular woman has been holding producers to ransoms and it is unfortunate it has happened to me. Unfortunately, she is Angel Unigwe’s mother. A contract is breached by every producer, orally or written and it’s all respected but I found out that immediately this woman takes money from you, everything changes. She took her daughter at 9 pm when the particular date that we agreed hadn’t expired. She came at 9 pm and took her daughter.

“I have gotten reports from people before it happened to me. This is a Clarion call to producers, I beg you in the name of professionalism, from this moment to the first day of July 2024 any set that employs the services of Angel Unigwe, I will come to that set and make sure filming doesn’t hold. Her mother has been threatening many producers.”

 

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