 Welcome back to the breakfast and plus the Africa has always usually would have Chris Cain in one do who joins the conversation on off-the-press this morning. It's good to have you join us, Chris Coffee, I hope you had a nice night Yes, we did. Yes, we did and I hope you did too. I Did okay. I wouldn't want to talk about what is affecting us all but maybe the papers might might cover it you welcome Thank you very much. Let's not go dear All right, then let's take a look at the punch newspaper this morning has always will pay attention to the banner caption on the punch The banner caption says our makura Adamo Yari orders learn fate as aspirin screening holds today governors Initiate last-minute move for consensus candidate APC caucus hasn't endorsed any chairmanship aspirant That's what Senate is quoted to say and this is about the APC chairmanship. These are the riders underneath the board caption massive old theft threatening external reserves revenue MPC is quoted to say and talking about bad fuel marketers submit report on damages awaits federal government's compensation and Subsidy you have the FAAC Mitch today as NMPC deduction threatened states are location We won't allow 242 billionaire deduction from match allocation. That's what Delta is quoted to say Delta State and Just before we move away from the punch. You still have interesting headlines Lagos or gone rivers lead a state debt heat 6.4 3 trillion are in 2021. This is according to DMO and you have NAVDA going to gains for male sexual enhances or enhancing drugs Ingredients You still have another thing you dessert or your community are soldiers Drafter to maintain peace killed Very sad federal government scrubs the PC our tests for fully vaccinated travelers and on vaccinated teenagers Or be I know what a drinking video EFCC sanctions official Ex-governor gets bail. These are some of the headlines you find this morning On the punch newspaper again bandits raid Kaduna Zamfara kill 62 Abduct 62 and raise 70 houses. This is really really sad, but that's it on the punch this morning And over to the daily independent with these headlines rising in security Buhari deploys more police DSS and a CDC operatives to emo we're reaching out to a grieved Politicians who's a dimma and that's the governor of emo state lot happening in emo state as far as insecurities concerned, of course yesterday the president I was announced who will be meeting our has summoned some persons including the governor of emo state for a meeting on Wednesday Afternoon more from that paper manufacturers association of Nigeria warns of looming job losses urges governments intervention in energy crisis Bandit scale 37 abduct 62 in Zamfara communities details on page 6 Corts acts 20 cross river a PC lawmakers Panic in Nigeria as COVID-19 Remerges in China Germany France and when will we hear the end of this? Nine years after Buhari Commission's new Lagos Airport terminal today EFCC grants ex-governor Obeano administrative bail apprehends official who leaked Obeano's video referring to that 12-second video clip where he was seen drinking a bottle of water in Boxers shots and a t-shirt More from the daily independent CBN keeps rates appliance engagement with NNPC over fuel scarcity and Finally, Buhari APC betrayed Nigerians says Yakuza those are the headlines on the front page of the daily independent Let's quickly look at the leadership newspaper this morning He says after two months of scarcity central bank of Niger words in two fuels crisis It's a bold caption to form PMS importation Distribution in talks with electricity regulators to improve power supply No increase in petrol depot price NNPC is insisting and long queues but sister scarcity worsens These are the riders underneath the bold caption Convention APC begins screening of aspirants and you also have court declares Sure rest arrest and detention illegal. Just as you have Agba Jelingo being afraid of I mean freed of all terrorism charges President Muhammad the Buharis Commission new Lagos Airport terminal today That's also another one 23 killed several houses burned in fresh Kaduna attacks or attack and caught sacks cross river state lawmakers over defection to the APC Nigeria United Kingdom launch device to Tackle climate change very interesting and you have 2023 Niger governor directs aids with ambition to resign These are the headlines on the leadership newspaper this morning And we take a final one headlines from the front page of the Nigerian Tribune with a big headline there defection caught sacks 20 cross river lawmakers and that following writers We are not aware of the judgment sucking us speaker. He's one of those affected Court strikes out umahi's motion to stop execution of judgment and issue Certificate of return to Agarui Udogo now PDP tells I think those two the the name is given to I like by the PDP in a boy status Governor and deputy governor in place of a my details of that on page two of the Nigerian Tribune more from the paper APC convention protests over consensus candidate for national Sectory no position taking on chairmanship Senate caucus Governors have resolved differences NASA our governor and screening of aspirants to commence today The APC Senate caucus had to come out to deny the news making the rounds that they had endorsed Candidate or certain candidates details on page 26 and 27 of that paper more from the Nigerian Tribune CBN retains MPR That's the interest rate at 11.5 percent says Russia Ukraine war poses risk to global economy Bandits killed 23 burn 70 houses in Kaduna in to Kaduna local government areas The government declared 24-hour curfew. Please confirm killing of 16 in Zamfara And this is one killing too many Gn and those are the riders to that headline AUVC if add in indians go fetish protest block major roads OAUVC if a indians go fetish protest and block major roads We just looked at that in a trending segment emo security crisis. What I told president who's a dimma What I told the president by who's a dimma emo security crisis what I told the president by who's a dimma a number of rulers decry Obeanos ill treatment in EFCC custody and plane carrying 132 crushes in China these are the headlines on the front page of the Nigerian Tribune Chris Kennedy one who is a chartered mediator and consulate and he joins us now as we look at these headlines Chris Kennedy once again. Good morning to you and Let's begin with a look at the the economy and the fact that the The central bank of Nigeria which meets regularly through its monetary policy committee Has for some months now been retaining Nigeria's Interest rate or the monetary policy rate at eleven point five percent and what they're saying now is that the Russia-Ikraine war Is posing a risk to the global economy? Are you impressed with the With the way the central bank of Nigeria has been handling the economy Especially now that they're saying they're not going to change the rates and they also pointed the finger at the Russian Ukraine crisis as as as it affects, you know, not just an origin economy, but the global economy Well, if you ask me what I'm impressed I would say I'm impressed Whatever economy from nation like CPN or the monetary team or the economy team of the federal government Whatever they do in as much as it doesn't Reflects in the purchasing power of Nigeria's or the average man on the streets as far as I'm concerned to just be Just rhetorics We are returning the interest rates. Let me ask you how many Nigerians Have the opportunity of going to walk into any bank and picking up loans as it were apart from the Collaterals that would be asked you also say that interest rates most often than not What is given by CBN are not adhered to by the various banks. So it is just for the papers The SMC SME is at practically where we supposed to invest more and give loans or give opportunities By the banks are practically dead and in this is as they're the level of unemployment is on the is on the rise Most Nigerians can find a job and when I see some of these policies coming from CBN and some other agencies of government I just laugh my heads off because on ground that is not the reality We go to the market now as the prices of goods and services would be short Look at gas gas has the average gas that I think it's 12 kg or whatever I have moved from about three three thousand five five thousand as of last week It was about 98,000 8,500 9,000 and messy we tell you also as I've always said Let's see it goes to the market and you tell you that if the prices of meat the prices of fish and Other rise and commodities have Have increased so to me Whatever policy we take in as much as it does not reflect in the life of the average Nigeria that to me Is this always the issue then let's also even look at the naira. How much is the naira? I'm talking sorry the dollar how much is the dollar to naira now Those that is where the issues are so I think we should be do this for me the central bank should be doing more I'm making sure that our sm where I want us to focus on is on sms And we cannot even do that because we don't we're not we don't even have power Electricity is the engine room of powering sms across the globe So if they don't have electricity your electricity dropping from four thousand About one one thousand three or about two thousand I have seen the collateral of national grid on the weekly basis and rest of them how we this SME suffer that's some Nigerians that if they don't go out in the single that they wouldn't be Because they make that they make their income on a daily basis and that is how they feel so well for the as I said once again on till average man Fees the impulse effect of this so-called indices that being Pushed by cbn To me to just be yeah, Chris. Thank you. You wanted this story that you can link to so we don't go back to it The manufacturer is a sausage of Nigeria on the front page of the daily Independent which has some very interesting headlines these days warning of looming job losses and governments Urgent government to intervene you know intervene rather urgently in the energy crisis Quickly just you can link that to what you just said before we take the next headline Yeah, I already said it. I said that the employment our employment rate is so high And he's talking about also the energy sector and that also this I've said that as well Yeah, I said that we are practically running on ground zero when it comes to the power sector You see the national bridge collapsing on the daily basis we move from about 4,000 Megas in in 2015 when this government took over as of last week from what I read and what I heard We are running. We're just shortly between 1003 About 2000 that is almost 50 percent cut off Short of what we had in 2015 and this government promised that on a yearly basis in 2050 they promise that on a yearly basis They're going to add 10,000 Megas to into the national grid. I'm sure you are aware of that. You can go and go to it 10,000 every so if they've been adding 10,000 every year by now we'll be having about 70,000 But we are talking about about three thousand four thousand and two thousand Compared to 70,000 they promise us. How do we intend the economy the economy can all grow the Even those that are employed most of the companies that Employable most of them are sacking because they cannot even meet their own personality. It's very very difficult And we have thousands and thousands of graduates leaving our universities on a yearly basis and not finding Work insecurities on the eye. So I don't even know where to start from and these government just have barely less than one year to go It is not looking up at all my brother All right, let's just stay with the cbn and this is on the leadership newspaper Who talks about the fact that the cbn is intervening and the issue of fuel crisis says to fund pms importation And distribution just as you were talking this morning You have mentioned the fact that the central bank of Nigeria needs to do more. Maybe this is Also a way of you know, savaging the situation It's just a short is that a shot that's what is called short term and long-term measures What the cbn is doing is a certain measure Where the problem is not just subsidizing or Giving up money for importation of fuel What I thought that the cbn would be telling us now they're releasing money or enough money for us to build new Refineries and also maintain the ones that we have without so much so many tonnara maintenance We have have billions and billions of budgeted for tonnara maintenance of Refinaries the one in kaduna the one in potack or the one in worry to now not a single single little of what have been refined by those Those refineries in the past few years not a single And we only go to the budget and see how much of every year that we budget for tonnara maintenance of those The exece is not even doing his job The exece and icp should be going into some of this So into this in the oil sector Look at what is happening in npc. Look at what is happening in the oil How come that we budgeted so much for tonnara maintenance of this refinery and where did those money go? Who collected those money how we can we have a checklist of what have they done? How come we cannot refine a single liter and coffee messy? Let me also tell you that Staff of those agencies those refineries are collecting their salary Coffee their salary cannot be compared to what you are earning I can tell you that for few it cannot be compared in any way and they go to work on a daily basis And we cannot have anything that so that is the issue. That is the problem. So it's not a short term for me This is just like Yoruba. We say you leave the men Or or or and we are just trying to scrub lack but lack but Inbese is All right, if you are to be looking at the long term majority short term Yes, we give them what of a vision for have you forgotten what is happening in the vision industry The president is going to commission the new the multimodal International Mohammed I'm sure you are aware of that But the airlines are going to use this practically. They are almost dying because they cannot even find a vision for to run So that is where the problem is for me So giving money and pushing that money for well important How long can we continue importing and will be because if you know the crisis that is going on in ukraine now between ukraine and russia Is affecting the world Oil market. Yes, we're any more But as much as we're any more from crude we are also spending so much more to import petrol This seems to be the only country in the world and we continue to say that has crude in very millions In quantity very end up selling crude and importing So I shouldn't be thinking that cbh been encouraging them for me. Let us build our own refinery So that we can be self-sufficient in some of these products. All right. Thank you. Chris. Can I wonder let let's go back to the The daily independent it has a bit it's bit leading headline on its front pages morning Buhari deploys more police DSS nsc dc operators to emu state and of course we heard that the president had someone to meet with the emu state governor as well as the The minister of state for power and the minister of power and minister of state for petroleum resources But on the emu state matter and the independent daily independent says that president buhari on monday Ordered a deployment of more security personnel from the nigeria police force the department of security services and the nigeria civil defense Call with additional arms and ammunition to tackle the growing insecurity in emu state The paper is also going on to say that this is coming after the attack in emu at the weekend Where gunmen set ablaze the home of the president general of harnese indigo professor georgio biozo Prompting president buhari to summon Governor hopens or deyma to brief him on the security situation and factors Militating against the return of peace in the state over to you chris can a wand Well, the situation is emu state is not new For some time now. There have been serious security breaches in emu state The latest being that so many filly Police stations we are born Same with the home of the president general of harnese indigo What is happening in emu state? It's quite unfortunate And I I've always believed that the security agencies knows though no those behind this At nobody we tell me that they don't know dss cannot tell me they don't know those behind And the police cannot tell us they don't know those behind it That is their job if they don't know let them do the best case and make sure that some of these people And and the one some part of it is now we have termed them on non-gun men And when that to me is a Term that even with the media should try to try with They are not spirits These are human beings and they know we most of the security agencies know where they are coming from If they have sponsors, they will be able to arrest their sponsors and make sure that this is nipped in the board um The security situation in emu state is so terrible that Even among these you see that they see that home is still holding in places like emu and nambra and some other parts of this governor with um governor Charles to ludo Few days ago said that he's ready to I ball remember so that I can bring some level of security in nambra state You also know that Nambra also have his own share of his security, but Um, I still believe that the leaders in emu state Uh, fortunately i'm from emu state I believe our leaders those leaders of thought and our exes achieves our traditional Local government chairmen and all forms of government are included the governor still have enough to do All these things happen in various local government and nobody will tell me that is the local government chairmen or the Traditional rulers don't know some of these youths who are perpetuating this evil. So Um, we should be able to bring put hands together Deploying a policeman is not just enough what I believe that we need more in emu state Is more intel intelligence gathering so that we can be able to free him some of this attack Not after it has happened Then we're not finding the situation policemen have been attacked. How come policemen have been attacked and their Police stations have been born and some of them have been killed somewhere kids a few days ago And that to me is not enough. So yes, I agree with the president that you can deploy more policemen civil defense But if we're not working on our intel intelligence gathering i'm able to Get the the confidence of the people on ground Some of these people can give information But the problem is that if they give them this information I'll be sure that this information will not get back this so-called or no government or Miscreants who will not use it against them if we can be able to build the confidence in terms of capacity Of people believing in our security agencies. I'm sure they'll be able to get as much as many information as they want All right. So chris k in the one do let's look at this also It talks about the fuel subsidy or subsidy if you want to put this on the punch newspaper The f aac meets today as nmpc deduction threatened states allocation And underneath you find delta states saying we won't allow 242 billionaire deduction from much allocation I mean, haven't we gotten to a point in this country where you know, we have to I mean states I mean you look at the states 36 states They have to be very dependent on what comes in at the end of the day Is it not time that we begin to think you know outside of this pattern that we have been running for a very long time And think of how because this would also threaten and think of how You know states can be self-sufficient. I know this conversation has been going on for a long time But it feels like we keep going in circles and we keep talking about it Don't we think that right now states will not be able to meet up with their, you know, several Obligations for instance payment of salaries. You want to talk about other project? It's on the threat if you have constantly The fact that there will be deductions and then states begin to quiver and then they begin to You know shiver and what have you should we not be thinking outside of the box? Should we not find the way of how states should be able to sustain themselves without depending on what comes out from this, you know allocation Mostly this is a broker record because iraatans on a daily basis will talk about it So I don't know what is new for us to talk about because We are not doing what we're supposed to do and as rightly said every month the state government or the state the state government put a budget cashier revenue from the from the nmpc also from frs Bart and rest of them and the problem I've always said is that it's because our Our state government or governors are not taking the fault They're not created enough and a part of the problem is also the issue of the constitution until we take out with the constitution the way it is presently and that is what I thought that the The national assembly should have done during the Review of the constitution whenever they never did it They were more interested in those issues that affect them and that would benefit them That is why you're talking about direct or no direct primaries and because they're not the problem of nine clearance for now Yes, it would be go a long way in enhancing our Electoral values But when you talk about the evolution of power We had so much power is concentrated on the federal government and that federal government has Doesn't know what to do with it You realize that most of these states don't have power over the mineral resources in their states It is exclusive. It's of the exclusive list in the constitution the 1999 constitution as amended is within the exclusive list So it's not even concurrent when you have a concurrent list that means the state and the federal can legislate on those issues But these are exclusive. So you have most of this Minerals that if allowed the state government to be able to participate or take State charge of it then there's possibility that they'll be able to make money But the the the constitution as it were doesn't give them that liberty Go to undose state Go to we have butamin in undose state go to a shoe state that is good go to Any good state that is cold go to even the go to just you can see the mining illegal mine is going up So but the and you go to kogi state kogi is one of the richest state in this country They have so many mineral resources that left alone kogiga stand on his own as a state in fact It's a country on his own But the fact remains that they have not be given the way we got the federal government is not making it easy for them Look at ordinary rules you should realize what's happened a few months back Where the minister of wars came to say that even the roads that federal that passes through some of this state that if the state government Repair it or they're not going to refund that Kofi, I'm sure you must have you read that that time. Yes, but that's what I think is that we need to do the needful Presently as it were the hands of the state government attack And only where the generation working from is from task force And what are you testing is the people that don't have job the people that their businesses are collapsed Why are you going to get the taxes from and you see that on a daily basis? You see if you move out from lego's and you're going towards beaming You see on all top all those local government boys putting names you see them Maybe be putting this under your tire and the rest of them trying to harass Nigerian and the rest of them If the state and make to be viable enough There's some of these issues of going to Apuja every day to share money We just be a team of the past but if we don't really need to that is what we're going to find ourselves All right, we have more stories from the Panjish people are still talking about you don't The the fuel situation We have the CBN But rather a monetary policy committee saying that a massive all thefts threatening It external reserves and revenue But I'm an interesting one on top of that is a bad fuel marketers submit report on damages Awaits federal government's compensation bad fuel marketers submit report on damages await a federal government's compensation What a punch is saying is that all marketers have submitted the collated reports on the effects and consequences of ethanol blended premium Probably called petrol to the federal government And it says that the market stated on Monday that a bad fuel which was important in Nigeria in January Had damaged the vehicles of some petrol users while many filling stations that purchase a product had incurred huge losses So what I thought on this because the punch had exclusively reported last month that all marketers were compiling The losses that they they incurred as a result of this bad fuel I'm coffee. This is the economy what is causing today when are we discussing politics when are we discussing politics? We'll get to that we'll get to that but but Nigerians Nigerians went through a lot to I mean somehow their generators going bad somehow their cars the engine destroyed the engines knocked as you say in this part of the world And we've not had anything about that I totally agree with you. I understand what you're saying. I'm only saying that Political decision also affects economic decisions or some of the economy. So we also talk politics But let's repeat around to this is a fact that many vehicles are damaged the nmpc said that you're going to investigate and those that imported those over 100 million liters of Partway came into the country, but don't forget that nmpc practically imports about 80 90 percent of Petroleum produce in Nigeria. So are they investigating? What is the outcome of those investigations? If the oil marketers are not saying that they are putting in Requests for compensation damages. That means it is on the lapses of the nmp. That means they are holding the nmpc Responsible don't forget that nmc initially named some independent oil marketers as importers of those well and they quickly denied it. They denied it And we are talking of compensating The marketers. What of those that had a very good damage? Who is going to compensate them and how would they get compensated? So many some vehicles were done because they When they use those well and they are very good and the practice of who is compensating them But that is where we find ourselves and it's just going back to what I said in there until we do what we ought to do This is what would be happening because when you continue to depend on your neighbor to be fitting you on a daily basis Then whatever I give to you take if I want to eat rice now I'll tell my wife to keep rice for me But if I'm going to depend on my next neighbor to be that whatever it has if you give me indomie to more I'm going to eat indomie now. They say beggar has no choice So that's the situation we find ourselves and because of that a lot of people are cutting corners Trying to make sure that they cut corners Kofi, you are still aware that it was said that about one hundred and six million Um Was it now six million barres of um, um food or it was stolen at the missing I'm sure you read that too. Nobody has come out in that to tell us how those 106 Nigeria at times. I just in a yes a joke. It's unfortunate. It's like Charlie boy shoe or Charlie boy shoe Anything can happen because it are not pretty Charlie boy And that is the situation of Nigeria now. It's just This is where we that's how we roll and we continue as if nothing happened Next time you say another one will come up. They said the forgotten how much they said they are going to use to clean That bathroom that you know, we see there's what my people call chief one knows In the we know what it means every day new story every day new issue Within 24 hours, we forget the one that happened yesterday. I will move on as nothing happened Well, that's it. Thank you so much Chris came in one do for being part of the show this morning We really appreciate your time always Thank you very much for having me. You have a wonderful day. All right. Thank you, Chris Chris is actually chat at mediator and consulate Consulator, uh, it's always here with us every Tuesday morning We look forward to having more of him But that's the much we can take on after press and just before we take that break Let's let you know what happened today in history when we return We'll be time for us to head straight to our fastest major conversation right here on the breakfast. Stay with us