…As analysts predict CBN intervention likely By Olabisi Olaleye A new market sensitivity analysis report has revealed how local banks’ exposure in the $1.2 billion (about N377.4 billion) syndicated loan granted Etisalat Nigeria by a consortium of 13 Nigerian banks worsened their loan books over the last few years. The report shows, for instance, that…
President Muhammadu Buhari has directed Vice President Yemi Osinbajo to head the special presidential delegation charged with the task of resolving the crisis in the Niger Delta region.
The Special Adviser to the President on Niger Delta Affairs, retired Brigadier General Paul Boroh disclosed this to newsmen on Monday in Abuja.
Boroh said the choice of Osinbajo as leader of the government’s fact-finding delegation to the crisis-ridden region was informed by President Buhari’s strategic plan to engender peace in the region.
Until Osinbajo’s appointment, the Niger-Delta elders were leading the delegation on the resolution of the crisis.
However, with the new presidential directive, Boroh said that the Vice President would be heading the delegation.
According to him, this will meet the President’s expectations of not only building confidence among the people on government’s intentions but also help in its fact-finding mission on a workable and lasting solution.
“President Buhari knew what he was doing when he directed the Vice President to head the delegation.
“You need to see him in action when he visited different communities in the oil-producing states.
“There is no doubt that the President knows that peace in the Niger Delta region is crucial to the development of the entire country,’’ Boroh said.
He said that the visit of the vice president to the Niger Delta was in phases to cover all Niger Delta states.
According to him, So far we have visited Akwa Ibom, Edo, Bayelsa, Rivers and Imo states.
“The next phase will be Cross River, Abia and Ondo states. By that we would have covered the entire Niger Delta states.
“This visit is in two folds. It is both a confidence-building and a fact-finding mission because a lot of information has been heard about the Niger Delta but no single person can claim to know all about the Niger delta.
“It requires effort by all stakeholders toward ensuring that issues of the Niger delta are resolved,” he said.
He also explained that efforts were on to pay beneficiaries of the amnesty programme studying abroad.
Boroh said that the problem arose due to the inability of the Federal Government to meet its financial obligations in the various countries.
The coordinator said the Amnesty Office would have to offset a lot of liabilities when funds allocated to it were eventually released.
He, however, said that priority would be given to the foreign beneficiaries, especially those graduating soon.
Boroh said that the Amnesty Office daily deals with false allegations made against it by some aggrieved youth craving to benefit from the programme.
He said that the programme is at the integration phase and it would be difficult to accommodate new entrants, who were not captured when the amnesty offer was first put in place.