 Welcome back, it's time for the press and we have Ezekiel and Aetok standing by to join us for analysis. But first, let's look at the front pages of some of the headlines, the newspapers. And we're starting with the Punch newspaper. Well, the Punch leads with subsidy. Tenubu orders Shatima governors to work on salaries palliatives. You have the riders there. Start work. Tenubu tells Neck. 22 governors, marketers, back subsidy removal. Oil plan salary increase. Labor gives June 19 ultimatum on 200,000 narrow wage. So there you have the picture of President Tenubu there with the governors. There was the meeting with the governor's forum yesterday and they took a very lovely looking picture there as you can see on the front page of the Punch newspaper. And so on the masthead you have National Assembly. Tenubu APC moved to appease anti-zoning members. Details of that is on page two. Poor debt-reading state give governors jumbo exit package. Details of that on page 19. This SGF handover Boko Haram detainees Magus case to Akume, that's page 14, is where you have details of that. NNPCL to cut fuel importation from August, that's page 20 is where you find that NNPCL to cut fuel importation from August. And customs uncover 25 duty evading factories in Lagos, page 25 is where you have details of that and 427,962 Nigerians in Diaspora get NIN details of that on page 23 as they much to be taken from the Punch newspaper. Okay, we'll move to the Guardian. The Guardian leads with uproar over NNPC's sleazy $25.9 billion oil swap, $13.9 trillion Naira subsidy payment, that's on page six. Based on subsidy removal, Tinobu meets oil marketer's direct neck on interventions. There's an advice from Kan to Tinobu and show your appointments reflect merit, diversity, Kan clerics advice Tinobu. Nigeria loses $2.7 billion to being an exportation ban rather. And then we also have on-dough cabinet splits over our care to lose incapacitation. Those will be the headlines from the Guardian we'll take this morning. All right, so business day is the next newspaper, we'll be looking at the front page of. It leads with gas powered vehicles now cost effective as fuel subsidy ends. All right, and then you have Naira redesign, inflation, forest shortage, crimped Nigerians economy according to World Bank says prospects for poverty reduction in SSA remain bleak. In banks, dollar can in under pressure as investment dwindle. Well, that's the much I'll be taking from business day. Okay, and from business day we move to the final newspaper, which is The Nation. The Nation newspaper leads with cut stops if FCC, ICPC, DSS from arresting Yari. And then we have another one up there, Tinobu to governors. It's time for governance and the writer is President Aznec to work on subsidy palliatives. Then also 75 senators elect backing Appavio says in Dume and returning students from Sudan get conditions for admission. Those will be all from The Nation this morning. And it's time for our analyst to show himself. Is it Kalenya Ito? Good morning to you. Good morning. Always a pleasure to be with you guys. Always a pleasure to have you join us. Well, let's start with the Guardian newspaper, up over NNPC's sleazy $25.9 billion oil swap $13.9 trillion narrow subsidy payment. What do we know about this? It's been trending for some time. A lot of things are coming up since the removal of subsidy. Nigerians are angry about how they've been defrauded over the years in the oil and gas sector. So a lot of things are coming up. Talk to us about this very headline. I'll tell you before I dissipate my energy further, as I already have to a great extent. I'm an architect and I believe in foundation. We must understand foundationally what obtains, what works, what does not work. We run a democracy. What that means is that any important decision has to be within the three arms of government. It must be legislated first and it must be carried out by the executive and if there are any dispute or any issues or anybody that is not satisfied, you go to the judiciary as a citizen. So whatever it is that we say here is just opinion except that is appreciated by the legislature if there isn't an enabling law and one is made or if there is except it is carried out by the executive, it just remains like winking in the dark. To that extent, with that as the foundation, for what we have seen, the big question is exactly what is in the mind of the boss of the chief executive or of the executive arm that we call the chief executive or Mr. President, exactly what is in his mind to do and what can we do about it. The level of fraud that has been unraveled, unveiled in NNPC with this question of oil swap is monumental, it is obvious but two things happen. One is that Mr. President is in the know and couldn't be bothered because it is not politically expedient for him to go after that. So he's going to be political about it, he's going to speak loud and say nothing, he's going to just let it slide and knowing that they can create a diversion, a distraction and we just move on or he's going to say no, you know I had said this is my turn, it is either my turn to also do what others have done, or it is my turn to fix Nigeria that I work for under Nadeko, it is my turn to address those things that people have run away from, it is my turn to show Nigerians that there's something called leadership and I've come here and like Esther in the Bible he says, if I perish, I perish, if I don't get second term, so be it, some don't even have the first term, some don't even have one day in office, I've been able to enjoy one week and head into the next. So for me, I'm going to take those hard decisions, it is my turn to liberate Nigeria, it is my turn to meet the yearnings and expectations of Nigeria, it is my turn to be that leader that Nigerians have been looking for, except that is his mindset, bring out I mean how many times have we brought out evidences that are just even the blind sees, even the deaf they hear, how many times and where did it end, nowhere because whoever got in there, like our last president with all due respect, this is my personal opinion, I think he just wanted to be president, I think he just wanted to be president, call me Mr. President and so long as he got that office it was done, he achieved his aim, so anytime he's like I've done my best, I've done my best and he's not lying because his best was to be president and he's president, so the question is who are we having as the president because any other analysis I do here, I mean what am I going to say about that, the swap, the question is where is the contract, what was the contract, how was it being implemented, why must everything be shrouded in mystery and secrecy in government, freedom of information bill has become just another piece of paper because you can get it, so the question is who is that man that has come and said look from hands in the back to hands in front, not just in front but open, let us have an open policy, a government that is our government and I want to end on this note for now, there's something called office of the citizen of the Federal Republic of Nigeria, that office is higher than the office of the president of the Federal Republic of Nigeria because we, he came to us and begged us, he came to us and said please I want to be president, he campaigned around the whole country, he begged us to give him the mandate, we gave him the mandate to serve us, so he reports to us, he is not our boss, we are his boss, he is accountable to us, so that time has gone when we must wake up and occupy the office of the citizen of the Federal Republic and hold Mr. President to account, he's not a king, he's not a monarch, he is a chief executive that reports to a board, we are the board, we are the board of directors that he must report to us, so we must not accept to have this thing where Mr. President is a man that we hold in awe, he is like a demigod, no, he's a man that we should be able to call the question and say what are you doing, why is this so, we must threaten him, let me use that word, because my mother used to say something and I end here, a toy in the air came back, you see what that means that the child that has nothing to fear never amounts to anything, Mr. President has to fear us. Okay, well still talking about fuel and related issues, NNPCL will cut import of fuel from August, how will that tell on our economy, that's on punch newspaper this morning and on page 20. Is he willing to talk of cut import of oil, let me tell you foundationally how some of these things work, we have crude and that crude can only be refined before it comes out, let me very specific now as either fuel, diesel or petrol or kerosene, any of those things, we have crude, we have four refineries, we have modular refineries here and there, it is either we bring our crude and we also have the dangote refinery, I don't know the exact stage, it's been commissioned but I need to get some more information on timelines of production you know because you know factories sometimes work on you know kind of incremental basis they could start with this and then add this and add that, I don't know how it is now whether he is up and running and has already started collecting crude or that also has to be made clear, dangote refinery is a private investment but the crude is a national investment, so I am entitled to know how our crude is being distributed, whether it's being given to dangote that is my mind to know and what comes out of it, usually what we have is the direct sales direct purchase agreement where we bring our crude, we sell it to people or we exchange it you know even that direct sale direct purchase is shrouded again in mystery and you know in secrecy because what I want to know is when I bring a certain barrel of oil of crude how much you know refined products why get in exchange for a barrel in one of the papers you saw the derivatives and all the the netoffs from a barrel of oil you know I think one of the papers I think it's daily trust you know but so the question is when I get a barrel of crude what do I do which one do I sell and collect cash which one do we do the JV where we do an exchange of some sort what is really the the the the modules of perante of the working relationship between us and all these companies that off-take our crude that again is not is not very clear so when NNPC says they will stop you know importation is it you know for now they have that exclusive rights are they saying our exclusive rights ceases to exist from August so that anybody can bring or are they saying we're no longer going to import because by August we have our modular refineries we have our local refineries we have the dangote refinery and all of them put together will give us what we want to see as the consumption volume of this country so we don't need to import any more we need to put all those things on the table to understand what we are saying if not so we'll just be speaking loud and saying nothing so for me I want NNPCL to put all the things on the table what is the status of our refineries when can they come on stream how was the production capacity of NNL from dangote refinery how much is it giving us and how much is it giving out which quantity is obligatory mandatory and which one is his discretion he may he may not and then what all the modular refineries that have been licensed is any of them working who is keeping top of all of them if any is working what is the consumption the production capacity of each of them we need to just have a place that you can click in the world of today and all the facts and figures appear and then we can take an informed decision for now they're just making statements that even me as an enlightened person I really can't make it or tell out of it all right okay so let's move on I do remember we interviewed someone from NLC last year last week and one of the questions I asked was if NLC or you know label what to you see have been able to go inspect these refineries Nigerian refineries to find out what the state of things really are you know in the state of this repair or repair because we understand that some of them are being repaired what is the level of that and he did say they didn't have much information so I hope that as they continue with the negotiations with the government they would also take time to get all the necessary details about this let's move on to sorry let me just bought in there a little bit okay you know you know I wanted to be governor yes we're still on like I said and one of the things I did was very very very elaborate and strategic engagement with label you see this body organization we call label we need to look at them very well there is no government without label you cannot pass any memo that does not come from the system I no matter how close I am to a governor I cannot generate a memo there's a way government works at the engine of government is label and we talk of some like TUC you see TUC and let's say NLC generally they go beyond government they go into national union of road transport workers they go into this NNPC and the rest they go into the banks they go into so whatever information is supposed to generate please all the NNPC workers who are there are there no members of label how can label tell me they don't know what you mean by you don't know you don't know because you don't want to know you see I'm a label person luckily my cap is here it's always very close to me you understand me so I'm a label friend very very label whatever but we have come to we have to come to a point where we call a spade a spade label has to go beyond negotiating for their members and give this country the fact and figures that they know this issue of maybe secrecy of government and then both of secrecy they take I don't know where it is I don't know how that reconciles with the freedom of information bill and all those things but I want to say that labor is one person there are three people that are problems in Nigeria as far as I'm concerned number one is a bank nothing happens without the bankers and the bankers if they are not patriotic they will kill this country number two is civil service the civil servants labor NLC TUC they are number two no politician does anything without getting a memo generated by them and from them and number three is a politician the politician cannot act without labor and labor cannot work well financially without the banks these three people have to come to take an oath of allegiance to this country whether they want to save us or they want us to be destroyed all right so let's move on subsidy to new orders to team our governors to work on salaries politics well the riders there I'll take one of the riders or your plan salary increase labor gives June 19 ultimatum on 200,000 Naira wage you know you know this so this is actually infuriating is labor telling me they don't know the reality of Nigeria today the 30,000 Naira minimum wage has it been paid if it has not been paid why has it not been paid that is question number one number two how many states can pay two hundred or three late can level just come out and give us a kind of a dialogue I want to see you know you know I belong to a civil society group you know and yesterday we had a very long meeting and one of the things I told them was that convene a national dialogue call labor and say labor we want to support your 200,000 they want to be able to put pressure on Nigeria please give us how you arrived at it and how it will be paid because there's something you know that Nigerians don't know because because before you can say 200,000 minimum wage you don't your calculations and your analysis and they are saying there's no one there's no money definitely you know where there is money and where the leakage is come and carry us along and let us go with you because we want to get in fact if you can even make it to 50,000 Naira we will be there with you but if you are just throwing figures so that you can just go back in then you are being very silly you can do that you understand me so we call labor we call NNPC we call your private the organized private sector we call the independent marketers we call even the the professors to come and do strategic analysis we call former ministers there was something that Mr. Don Hetebet who was a former minister of petroleum said some time back we call them a national dialogue even if it takes a day or two so that at the end of the day all the government has been covering is opened up Nigerians see everything at that point government tells what I call lines of least resistance so long as you don't know they will cover the wall the day you open they'll say oh as if they didn't know you understand me why is the current government saying oh we didn't see this we didn't see that no you were the ones that run government for the past eight years you saw it you knew it so let Nigerians let the civil society I'm not about protests hitting the street no you see there's something that John Stott said and I like it he said knowledge without zeal is the paralysis of all action but zeal without knowledge is fanaticism in action so I am in for knowledge for understanding bring it there's a way you bring facts and even the workers who say ah this money is not there you understand me and this way you bring facts open and Nigerians have a pay him money and bros you know so we want to act on informed knowledge let's leave this politics where nobody knows everything I end on this very very briefly if I carry 100 blocks and I scatter them 100 blocks you count one two three four five six they say no you can tell that one before you start again no no you can tell that one before one hour two hours we are trying to count 100 blocks but if we carry those 100 blocks and start them in tens start them well and we just see the tens we now put them two two two two two within five seconds you count the one two three four five ten ten times ten one hundred you get the point so these people don't like things that are organized because we'll get the answer they just want everything scattered we're talking this we are saying that we're not doing we don't we don't even know where we're going that time mine is enough is enough let us turn to run governance in a way that is organized as transparent that is you know target driven and then we'll have a country that works if not so every day we just becoming here on my analysis commentary they will just throw something like you fall we all run there and then they now come at three in another direction we run there and the eight years will pass eight years have just passed after 16 years of PDP where are we I think enough has got to be enough let's just take this very briefly because our time is up what are your thoughts on what is happening in on those state there's been this talk about the fact that the governor is not well enough to continue his duties at some point even there were rumors that he had died but well luckily we know that he has not died but everybody's saying or a lot of people are saying that he's not able to take on his duties as a governor anymore yet he's clinging to power and we've not heard anything about handing over to the deputy or giving him a chance to fill in the shoes while he takes care of his health or something so on the cabinet right now is split over care to lose in capacitation that's a story in the Guardian newspaper your thoughts place briefly we cannot forget too soon but I'm acquitted she came on to federal executive council meeting and says gentlemen ladies our principal is not exactly in a place he can continue let us in the larger interest of this country do the needful that gave rise to what they call the doctrine of necessity that brought in our former president and good luck Jonathan I think that on those people should think of the generality of the people of that state fun and above ginging to power at the expense of the people let the governor transmit power to the deputy and get proper medical checkup in his own better interest if he cares about the people but it is about me and nothing more that is unfortunate but let me end by saying that you know the 10th National Assembly which was the topic you wanted to end with I believe that we should be careful how we decide who we want to be there as the chairman of that National Assembly if you look at somebody that if you go back to what he has done you can see that he's somebody that is target driven somebody that has a big dream mentality somebody that we can say all he's done has been uncommon and we have put him in that mode of being Mr. Uncommon I believe that Nigeria needs somebody with a big dream with an ambition right now please don't mention the name of your candidate or you can bring the advert we see adverts running he's running adverts on some television stations he hasn't brought the name I'm just describing but I know your candidate problem is that all the front runners all of them have baggage whether they are common or common all of them have baggage is with the EFCC with the law and all that and I don't know where Nigeria Nigerians will choose from because if you are taking a Senate president or a speaker of the House of Assembly and he already has cases of corruption we don't know how that is going to play out for the good of Nigerians so right now we've crossed that bridge already we've got to choose from what we have you know it's like election once you're on the ballot then you can be chosen if you're not on the ballot you cannot be right now that's the there's still other candidates that don't have these baggage is anyway but we're not hearing about them right now we have another one that EFCC DSS everybody has been told not to arrest because he is a very big front runner and trying to become the Senate president and whether whether he's supposed to be arrested or not they there's been an injunction that he must not be arrested so the law is cuddling the law for in the interest of somebody so with some people bigger than the law that at some point I will say to not arrest him there's a prospective what a terrible thing thank you so much thank you so much miss Isaac L and talk for your time and instead as always thank you appreciate God bless you bless you too or you are still watching the break first it's time for us to take a little break and come back with our very first hot topic stay with us