 Thank you for staying with us. You're watching the breakfast on plus TV Africa Now we're gonna look at the national dailies and what the paper is saying in off the press. I have with me Sani Faggett who's gonna join us to review the papers this morning. Good morning, sir Good morning. Good morning. Thank you for joining us Thank you very much. Thank you. So let's get straight to it We're going to start with nature news and the first headline here the major headline says not why Nigerians flawed cop 28 climate change summit in Dubai I'm sure you know that about 1,411 people were there as delegates for this cop 28 summit. What are your thoughts on how? We sent 1,411 people there You see Whatever we have we tend to make it a jamboree The delegation that Nigeria sent I think is the sad largest We and China sent almost the same number and I think the hosts Were the highest then perhaps Brazil so we are the sad one But if you look at our own contribution to the emission will contribute less than 0.0% Maybe about 1.3% China which Contribute about one side more than one side of the emission the same Equal delegation to us, but I think this Even though it's a serious thing, but we are wasting a lot of resources on the issue Even though the government come out to defend it that it is not the one that is putting all the Bill, but I think sending such a large Number of delegation at a time when the country is in financial crisis. I think that is I miss place priority To do that. Yeah, so I want to read out something China's budget for 2024 is about four trillion dollars, which is about $2,860 per head now Nigeria's budget is about 33 billion, which is about 165 per head. I Understand that okay. You're saying they did not foot all of this bill But does it even make sense for us to be with China sending the same amount of delegates to the same place? When we have no business I want to believe we could have sent less and then we'll still have the same impact. Do you agree? Oh Oh, yes, I quite agree with you because in the past place, we are not going to make any impact Even will be all Lucas Will not make any impact Even if we are allowed to talk in that situation, like I said, we will contribute about point three percent of it One one percent here are countries that contribute more than one side and they send a delegation Equal with us and you know given their own power. They will dominate the Process so I think it is I like I said, it's a wasteful exercise Send in such a large number of delegation will have gone with even Maybe one six of what we send and yet we make the same impact that we will make Okay on the tribune newspaper, we have a small headline there We're not starting with the the biggest headline, but we have a small headline which is quite worrisome to solve so many people reject we case plan to spend 15 billion on VP's residence Seraptile's up above you remember that the the Minister of the Federal Capital Territories saying that the VP needs a befitting accommodation and because of that he intends to Spend 15 billion Building that accommodation for the VP your comments with your thoughts I think these two if you say another wasteful exercise remember in the Josiah supplementary budget a huge amount of money was They are marked for, you know The builders can build it. I mean the old building and I think when we had a new building for the vice president So put in such a huge amount 15 billion it is I'm called for impact. It is insensitive to the feelings of Nigerian the time We are now is like I said that we have serious economic problem Then we have serious poverty in the country and hunger now put these 15 billion compare it with what the government proposes to Spend on two critical sector that is health and education the total of them is 12 billion which means under what the government Militia is saying that once went on Adjusts the vice president. So if health sector will get just for a billion 4% or 4 billion plus and the education will get about 7 billion plus. So I think the government is insensitive to Actually the conditions of Nigerians and the base is for the government I mean now for the assembly to reject that Proposal not allow it to go because of the situation we are in now Well, I don't know if the assembly thinks about frivolous spending and saying that this it is not Necessary at this time because like we were just talking with room. I hear is that Let them do something also for the vice president. So that it will be like that They are not the only one spending this money of Nigeria. Remember, they just bought their own cars for 160 million each Well, and now there is this Headline on That tribune as well just on top of the top right corner. We have FIRS waves penalties interest on outstanding tax liabilities I don't know if this is the way to go especially as they are saying they want to make business environment so conducive that businesses will thrive Is this the way to go? No, I think it's the wrong way to go about that One day the government put a lot of emphasis on taxation In fact, they say they are going to raise it because it is one of the major source flow the IGF or the government Now by the time you raise it, you know investors Always worry Those who are already in the country will fly out and go to somewhere else where the Taxation and the environment is very conducive. Those who have not come in will be scared to come in So I think that is a around thing If you look at the major policies in most places is that they make it attractive For investors to come in a way sometimes even give tax holidays Sometimes give you this all sort of possession on taxation so that Investors will come but here we are we are saying we want them to come in and we are writing in them We are threatening them impact with new taxes and by penalties. So I think that is a Will be counterproductive toward the government set out to do. So what do you think would be a better solution for this? if you were to Like I said, do you try to create environment a conducive environment in so many places you have tax holidays you have You also cut You know the taxation and other things perhaps they will find a way to get to Provide incentive for those who have not been paying to pay but when you threaten them I think That is negative. Like they say nobody goes to the tax office With a smiling face Yeah Yeah, they are then out of their pocket. So I think you have to find a way But when you take the carrot and stick something strategy Even those who are willing they will not come out at all tax evasion is a worldwide project Phenomena so when you take people penalties, I think Given our own situation many would not come Yeah Well, we hope that they make business environment more better for people and people don't have to do businesses in a hostile environment in Nigeria Yes, and it's let's move over to the punch and the major headline here says jackpot. That's it For those who don't know what jackpot is it means people who are moving away from Nigeria to the beyond to probably going to The Moving to another country So the two headlines here which kind of talks about the jackpot thing we're facing now So the major one says hospitals reduce outpatient surgeries as 4,000 doctors Migrate and the riders here says one thousand one hundred and ninety seven Nigerian doctors move to the UK since May 29 and 789 Canyon nurses 162 doctors quits OAUth closes psychiatric unit over lack of nurses doctors fold five percent held budget Also, there's a smaller headline here that says over 150,000 Nigerians applied for US visa in 2023 what are your comments on this whole jackpot thing and how we're losing the resources that we're supposed to have as a country You see With this phenomenon of people, you know, my great into greater poster has been with us for quite some times But now I think the conditions are making it worse Then what we used to have the reason is that Propessionals now we are seeing it in the like the health sector You know even in education in other areas people are migrating because the working condition in Nigeria is so bad People professionals are being paid Slave wage To do the work. They are overwork and there is no there are no juicy I mean a Environment the environment is very harsh. You don't have facilities to do it and they are being demanded Outside, so I think the government has to look at this issue seriously Like I said earlier on if you look at what the government budget on health just put really on or something like that You know, they are not seriously concerned with so at least patient that challenge So we are going to see more of it because some of the hard environment here and the way, you know, the government takes the scene Rather lightly they don't put it this way and above all it is the common one that will be affected Already the cost of pharmaceuticals are very high People cannot are not According to it and now they are short of medical personnel and this will translate into the closure of some vital words so We will have a very Critical situation in Nigeria as far as sales is concerned and I think as far as education also is concerned This is what we are going to see. Yeah, I believe that health is wealth and if you want a Thriving a nation if you want a nation full of people who are Able to be able to move it forward you need to be able to invest in their health At least they should be able to have you know coverage for for whatever happens to them. Anyways, another headline here says Budgets as a smaller headline. It says National Assembly six agencies allocations rise to 40 percent Rise 40 percent to 1.4 trillion Naira What are your thoughts on that? You see These are some of the things that we are going to see especially given the tax schedule that the budget has to be scrutinized it was admitted rather too late Just some days ago and I know the budget here will start On past January meaning in less than one month every small have to be done So I think this issue of scrutinizing sectorial thing and the way they Other sectors that they I mean the way the assembly will be going as he's just going to be a mere ritual exercise There will there wouldn't be serious investigation so that at least they will scrutinize the thing and Give it the proper attention that it is up So I believe the what the assembly is saying is those are a political gimmick Okay, well Let's move to the vanguard newspaper. We've already treated some of these Headlines that are here on the vanguard newspaper, but we have this National Assembly Committee to propose Commends quick amendment of sections of PIA So the PIA they want to commence quick amendment of the sections of the PIA I wonder what sections they want to commence Amendment to and what Nigerians will all Want to see in this amendment amended PIA? Yeah, you see now that one we have to wait and cross our fingers and see which Section added they want to do but I think the This is just a new thing and You know at the time in that it was being walked out You know the the the necessary Measures have not been taken so now we are seeing The result of a kind of a rush job even though it stayed for quite some times until when the last government brought it out And even then they just push it to get it through. So I think People are looking forward to seeing which Part of it will be reviewed so that perhaps It will bring some grief to Nigerians we are hoping that they will do a very serious thing and take into consideration the plight of Nigerians Okay, we also have this headline here Financial headline Nigeria's economy Begins major shift as oil sector rebounds. That is what they're saying. I don't know if you also Agree that it is a major shift for the better Also as the federal this secretary to the government of the Federation says to Nigerians keep faith There's hope for Nigeria. Let's tie these two together and see what you will Assess Nigeria as are we rebounding are we coming back strong? Do we have that hope? Have you seen the light in the at the end of the tunnel? Let's hear what your thoughts are Actually to me I haven't seen the lights and I haven't seen us taking the right major to go into the tunnel So that we can see the light at the end of it Um this bouncing, you know petroleum or the oil sector is a major honor of course in terms of Foreign that is in but in terms of the GDP the other on the economic impact is agriculture And we seem to Still continue to neglect that one So I think this is a a major challenge that we are putting our eggs in one Basket and now we seem to you know to you know others Which will have been had even we face our devastation Seriously, I think there will be hope for that and the second thing is, you know the extravagant Expanditures or non-productive Areas you see The better proposal now if you divide it into three More than one side of it is going to death services About a side of it is going on recurrent expenditure Less than one side is going for capital Project, so I think we are not taking the right step on the in that direction So I think that is why I say to me I Don't see us taking the right step to see the light at the end of the tunnel Hmm All right, let's move over to the guardian and the head major headline here says over 60 refinery Licenses in active 18 years after as fuel Impot thrives. So we have like 60 Refinery licenses that have that are inactive and I'm sure some of them are modular refineries for a nation that Has crude And we have about 60 Refinery licenses should we even be having the issues that we're having right now? Yeah, how do you think we are serious with refining our needs and Exporting what we don't the as the excess I think wouldn't be in the problem that we are but given the Corruption are surrounding the sin. That is why after 18 years Uh, you know license license were not Utilized for about by about 16 I mean 16 of them. So I think if they even investigate the point it They are even more than this number because it is Very cheap and uh, you know, the corruption will slide easily when we put on on the importation Uh emphasis on importing our needs, but otherwise suddenly being we have this modular refineries and also we Revive the major ones that we have I think wouldn't be in this situation after all If the the government will go deep and investigate They will see that the money we spent over these years Now is more than enough To establish more than five new refineries in Nigeria. And yet we still depend on You know importation of our needs and which is the irony that uh, Nigeria is perhaps one of the major importers uh of army exporters of crude oil and we are the Also the importers of our of refined oil. So I think This is a very serious problem also Okay Thank you so much for joining us. This is where we'll wrap it up on the the paper review on of the press Thank you so much. We've been speaking to sanny faggy and he's been helping us to review these papers on Everything we have on our national release. Thank you so much for joining us this morning Thank you very much. Thank you All right, we'll go on a short break and when we return we will be looking at our first hot topic You want to stick around for that?