 Thanks for staying with us. It's time now to go to the press and see what the headlines are saying We are being joined by Mr. Tunde Kolaulay a legal practitioner here in Lagos state. Good morning and welcome to the program mr. Kolaulay Okay, yes, I did I did have a great night Yeah, we're starting with business this morning Business the business and G There are stories that are on other newspapers as well. So I decided to bring this to you Senate proposes six year tunnel for CBN governor one trillion era Recapitalization for banks that is owing to see okay the CBN raises in invest rate interest rate rather to 22.75 percent to tackle inflation or rising inflation Let's just match this together While the Senate is proposing six year tunnel for CBN governor one trillion era recapitalization for banks What do you think? The kind of inflation management measures The value of the money This is the dollars and water bill you want to say that You are using me to Manage the use of inflationary friends That is in the atmosphere all over the country But how that will solve the problem Is what you know And the fact that We have tried some of these measures before in the past we didn't have those much the country's economy is interesting really is that of the combators of this sector How long the combators is combators? You have to look and do everything with the management of inflation I would rather want to see education which define ways and means to really stimulate the protected sector in the area of agriculture and manufacturing and also find ways to begin to export above and beyond the resources that we have all over the country Why the challenges in the petroleum sector cause the effect of continuing production of crude oil in some way to realize this one thing and then of course too we have to quote them in the course of governance and that of contract in this country if we are able to do that then the better of the money managing the inflationary change that we have in the country I remember the government of CBM some of these things we are taking we are not sure that we are going to derive the most benefit from this most of the banks that we have to be capitalized when we look at them today we are seeing what is going on in fact the CBM at that point have to put the bad debt in some of these banks remove the money management structures in them people that structure them these are normal but some of those banks have to do not all of them are not, I see not how they so it is the real reason that I have my shares that I remove them for the next few months and some of these nations that we see the impact of capitalization not just of the banks but also I think we need to change this and we are going to go back to this and I am sure that we are going to go down to the Michael T. May and the community banks to make them better okay well we will move from the business NG to the next paper the punch newspaper that is where we are going now the punch newspaper leads with the headline presidency alleges political agenda as protest hits states no yeah no unanimity in protest some people leveraging current situation for political gains says presidential aid and then police shares biscuits water at Lagos protest and NLC urges Tinibu to end extreme hardship food crisis okay and the other supporters for the headline presidency alleges political agenda as protests hits states what are your comments on that the earlier I see the president of the presidency is responding to the longer a man down the land the way you think and why do I see all of us Glory to the Michael And I'm sure all the people in the presidency also have the basic things, work as a pre-tentative. We also go to the market the way we do. And we know what we are facing in the market in terms of trying to protect food items, gross use and what are they all. So, in the spirit of this experiment, why do we say that the people in the country today is politically motivated, is very strange to me? Why do both of these presidents think they can be an expected approach to the challenges that we have in our hands? We collect that this country abandoned farming. I'm not about to say you have to do it. In the book, we are going to take it, take over, we are going to make it the most part of the north, before banditry. And then we are going to make it the most part of the country and know that. We have stopped farming. The book where I will not allow people in the south to go to the farm and then the banditry is going to give up part of the country. With the working in security, the people could go and land their farm. And when you go and land your farm, what is going to happen? What causes the disease in this country? To couple that is the fact that black currency that we require to import most of the things from one of these lands to another, from outside the country. We are not going to get them, as we used to get them. Also remember that when we were not able to get them, only to buy them, there was a time, couple of these items, some certain goods, were banned from being imported to the country. If you are crying, then what are you doing? We are going to go to these lands and make that good. In the pyramids, I will see this play on the pages of Mr. Park and you are already on television, the live pyramids that have begun to emerge in the different parts of the land. Where I can keep them in fact, most of the land is here. It doesn't make the living. Because I think politicians who are experiencing this, can easily see the presidency as because of the reality of the good capital that is currently going to be the country in the future. I will advise the presidency that it should also be dependent means of understanding of time, of seeing what is happening in the society. Now that I remind you of your time, if you are able to do this, believe me, believe the truth and believe the truth, that the truth and the security, that the truth and security, these are not going to be together. There are certain politicians. And the people that belong in the country today are born out of the hunger and hunger of the people of Sweden. So, for God's sake, government is not about propaganda. It is not about defeat. It is not about time to die here. It is being honest. With what you are doing, and being honest with me, that you are admitted. Sometimes we work as a government discover and realize that each full使 de 不是 made by the country. Sometimes we make those that happen if you do not trust in the economy as a church recognition among the people of New York. This is another side of that. There is another habits among these, including safety, other specific skills如果 they attend that. Let us go back to the fallную. Let us go back to the jacket for the fallna Let us provide these people, let us provide these people for all these farmers to be able to provide their food in the near future. If they are able to do that, I am sure some of these people will be able to get the weather with some of the capacity of food. And when that time comes in the future, in the near future, it is not OK for them. People of that country can do it. I am sure they can also do it better. And then there is this bid by the Central Bank of Nigeria to curb inflation. And in the last MPC meeting, they raised the interest rate to about 29.77%. And the private sector economies for sea fresh job losses recession. CBN, the rider is that CBN clears $400 million debt, plans to have sanctions for banks to tackle excess money supply. So the interest rate has gone up. And a lot of us do not understand what that really means. But I would like your thought on that. They said because of this, the inflation rate will come down. The government says that the government is CBN has to keep in place to rein in inflation. She will always be welcomed by all citizens. Because nobody is protected from the huge inflation that we have in the country today. But the people of the matter is not there. So long as the protective service base of the Nigerian economy remain as commercial activities, that will not happen in taking place, agriculture is not in town. Whatever measures you do, in the area of continuing inflation, using monetary policies are not allowed. I am not in shock that you are going to get the best out of that. So but then, if you know this crazy figure from some of these things, like the high volume of calling thing they come to, you don't need to be an economist to know that you are there. Remember, just for this last week, we saw that the government, the government of the Mohamed Bwari, by law means and law laws, put it about a three billion lira. Each of those are spending. Because back in the time we were doing protective activities. So that is what is causing the inflation. So that is what is responsible for the high volume of currency that is in circulation all over the country. So what the government ought to do is to find ways and means to move all this money from circulation. And you cannot move them by eliminating the protective budget economy. They are including in the exports and measures. Remember, using the cost of contract that we have all over the country, the cost of contract and making that up to the government. That I should take is what we should do more than just hammering on this monetary policy to fight inflation. This monetary policy will not be able to bring back to the power to do so. To bring back to the strong will of the bank. Because three billion that are just included in our stock, that you see is a bigger need than three billion. Now we need to take back. Well, we hope that the solutions will come as they keep changing policies upon policies. We will move now to the Guardian newspaper. We already have the ones that we've spoken about. But let's just take this one that came a few days ago. A Rosanya report. Mixed reactions, TINUBUS implementation of a Rosanya report. What is your own reaction? What's your take on this implementation? Merging government agencies and all that. And saying that some of these things that duplicate functions are going to merge. But also they said in a quick one that nobody is going to lose their job. So what do you think about this implementation of a Rosanya report? So many, about a decade after it was proposed. When we look at this Rosanya report, the world of youth, and know that it might work for the country, that it might work for the region to identify. There are so many pages, so many ministries. Where all kinds of government were being complicated. And some of these all kinds of government that are complicated are working at cross properties. So that they desire a result. To be difficult to achieve. But again we must also remember. There needs to be this part of anything to rely on. But the Rosanya report, according to your report, that most of the things contained in there, have been implemented. And during the regime of the President, Muhammad al-Bawari, he will do the most important things that have not been done. So that may not be a strong point for this government. It is also cutting down on the cost of government. And then reducing duplications. That's what we need for the ministries and for the strata. And also the huge, wide cost of financial aid and emergencies. Of civil service and politicians. The name we're trying to use out. Especially taking examples from India. Somebody once told me that in India, we have more than 440 cities in different parts of the country. We don't have that. I'm not sure whether I can imagine a city like this. But what are they doing? The kind of way you're doing that. And if you're a judge for a life, you need very small aspects. A unit that requires an interpreter. And then you consider the other person dead. You may not be able to do that. For example, in fact, the decision to establish those studies, mosquitoes, they're due to inventing malaria drugs. And then, they're suffering. They're going to get their malaria. We are already an animal. You could say, let us establish a mission to deal with all the stuff that's happening in the environment. And that's a good thing. But the kind of the job that we're trying to do, we're trying to get it. But you have a very rich country with about 300 million people. So how do you like this country? How do you need this country? How do you specialise in this? Because in a way, we don't want to have you. And not have you. What we want in this country is not too much of this country. All we need to do is to make sure that we give to all these institutions a very tight schedule of duty, give them the responsibility that are not overlapped because they have to be able to collaborate. And then they're going to do the job. And then we empower them. But we don't want to have to do this in the U.S.C. in the society. We don't want to have to investigate the cases that are happening. The police, the regular police are also there. And we don't want to have to. We want to be effective in policing the country as much as we have required them to be able to police power. So this is a challenge. Furthermore, we say we want to match the police and water bill. Again, we are proposing to establish a state police. To establish my own police. And then to establish the police and water bill. We believe that we are creating one better police and another one. But I'm not sure that all these things are responsible for the challenges that we have in the economy today. And I know that because creating jobs for people shouldn't be a problem. It shouldn't be a challenge. It should be a responsibility that the government should do. The good government should do. And I know that. The way we match all of these agencies and water bill. It's a good government should not do. In my opinion, the challenges we have is that because of government this country is very high. Because of government this country is very high. We have made a good in some of these areas. For example, we can make the National Assembly a mini-camera one. We can make it out of red. We can make these numbers out of the system. We can also begin to begin to know how to do. We can make these numbers out of the system. We can make them normal and work on it. And then if you mind some more than me. We might know. The government should be doing the things that we do. But if you like it, not just for the basic purposes but for also manufacturing purposes. And also for the building of a infrastructure. Look at bamboo. If you know and see the way which are needed to plant these bamboo, you'll be shocked. The news bamboo to make these the news bamboo to build houses. The news bamboo to make furniture and water bill. We all have a big company We also use bamboo to make mountain carpets. We are not doing all of that. Whereas if we do that we are creating jobs to make use of those things. We also are calling farmers to go into planting of bamboo trees and what have you. All over the country. The government is also there. The government is there. The country is there. We are not protecting all those things. From these people who are waiting here in the port. And the magic of living here is that we are protecting another. We have done that too many times in the past and we haven't gotten the desire of these jobs. Okay. Well there did promise no jobs will be lost but a lot of commentators have said that jobs will definitely be lost and that's something that we are concerned about. Okay now still on the Guardian newspaper Senate begins probe of the very government's 30 trillion Naira loan at Jakuta Steel. So yeah they have started the probe and we are going to see how it's going to go. I don't know what your thoughts are. My attitude to do this like I said in the last few days is that because of my knowledge I hope I am wrong we have actually brought many people in the past who are funding jobs from these tools. They are merely after the goods just a dump in the national archives. I will never get to know about them again. For the more the people in government today and the Wali Demento of the people in government today they are the new benefactors of the Wali regime and Naira and Wali. I am going to remember a tweet. Both of you said money that the president was said to have printed I mean the trauma person was said to have printed and then began to spend. They are people of this name. So what more is the discussion? What more is the discussion that they have to not begin to put what they themselves as a tweet and what are you. And what most of them are people of this name because that means that the presidency that spend this money I am going to give you a reminder that as much as part of what you think for part of money we are going to start giving the blue curtain of the National Assembly the senator and the other the executive. How we never want to see this going how we never want to see the National Assembly sit down and concentrate more on the duties and responsibilities given to them by the constitution which is to do a side function to make the world a world of you. I am going to say to the president that the constitution that they are the National Assembly to represent. You don't have to put in your own nature to make up this part yourself which is this trope the man who is the man who will begin to look like. I am not going to look at the National Assembly immediately they came in just a few months ago and they didn't go to buy the machine which is the world as far as Japan to impose their duties and know them when you impose your duties and your power and what are they you are completely on the basis of the Japanese people and taking those duties away to end these mouths so how much you think the National Assembly or the senator in there conducting this speech the man who will be young and he is very interested in not just for the Senate but for the country as well he needs to come out with any duties and what are they and what are they doing because when you are Senate everything that you are in government you raise them down and you are challenging anybody to come out of this building to come into this account of whatever you have done whatever child you are you are going to be in trouble that is a very dramatic thing and the former president he was making the case because he knew that whatever he did in power he did it alongside those who are not making him cry because of his activities while he was the president okay let's take a final headline here NLC suspense protest that is hardship others now the deadline is 13th of March so we still have up to about two weeks for the federal government to do the needful but the protest was supposed to be yesterday and today and it happened yesterday but they have suspended it now and given the federal government more time so what do you think this is a good development the precarious state of the media and economy today will not support both, I mean the type that the NLC was coming to embark upon because when you show them the economy you might be creating more injuries to that economy but again we must remember the protest the protest the unlawful is a legitimate weapon in the hands of citizens to get the attention of government to where they should be taken so rather than shutting down or rather than discerning people or rather than taking people not to engage in protest rather than psych we should be encouraging them because when you beat a baby it should affect people to cry because they will know what is happening in the society but they are down on the protest now and I'm sure government will have their voice if you have not decided to give government a little more time that is a norm of maturity the things that the government is doing are also very considerate the care about the wealth of the media and the economy and they will not want to do anything that is other than jeopardizing so it is for the government to respect the justice of the people so that they can see them negotiate and come up with priorities and come up with measures that will do measures to work out in the country for the entire media and the people the country is difficult the country is hard I go to the market my vision go my friend go and I know what to come back with and what you are seeing now so we need to really move it on a critical to ensure that the media and NARA does not become a media and not currency that the media and NARA does not become a media and not gold dollar that we will not begin to pick up people from the streets who are down out of hunger those great people who are left to be the women who are left in the status of the media to have taken all of the demand to the market to sell the child they bought to sell the child to be able to raise money to be able to teach the other people so two weeks back two and now we are also able to pick up the family to negotiate how to sell one of the child to be able to leave the money to be left on the same to take care of the many ones these are very very strange developments that we are seeing in the past that we are seeing in the past something we have never seen before these those parents are nothing just some women who need them back and that kind of they are still major so I may say that they are suffering so the president of the leading government today she must allow themselves to be misled that it is some politicians that are planning all these things and running and education that run the country to do all that to help you is real is real the government should do that okay this is where we are going to draw the curtain on this segment we would like to thank you Mr. Tunde Kulawole for your time on the show this morning I wish you a great pleasure you too thank you Mr. Tunde Kulawole a legal practitioner here in Lagos state we were looking at the headlines on our national dailies and then he was telling us his thoughts were we are going to take a short break now before we return with our first hot topic stay with us