Kenya’s President, William Ruto, has appointed Dr Kamau Thugge as the 10th Central Bank Governor of Kenya.
Dr Thugge’s appointment comes ahead of the imminent retirement of Dr Patrick Njoroge, the current Central Bank Governor who has occupied the position since June 19, 2015.
A statement signed by Chief of Staff and Head of the Public Service, Felix K. Koskei, said Dr Thugge’s appointment followed the recommendation of the Public Service Commission who screened six shortlisted candidates, including Thugge, for the position.
“The nomination follows a competitive recruitment process carried out by the Public Service Commission pursuant to the provisions of Section 13 of the Central Bank of Kenya Act, Chapter 491 of the Laws of Kenya”, the statement read.
According to the statement, Dr Thugge who has served in senior positions with fiscal, monetary and economic policy-making positions both locally and abroad, is currently serving the nation as a Senior Advisor and Head of Fiscal and Budget Policy within the Presidency.
He is also a member of the President’s Economic Council.
Dr Thugge holds a Doctoral Degree in Economics from the John Hopkins University in Maryland, USA.
He also has a long period of meritorious career at the International Monetary Fund from 1985 to 2010, where he served in the positions of Economist, Senior Economist and Deputy Division Head.
As a prominent member of the Kenyan public service he played a key role at the promulgation of the nation’s new constitution.
Kwara Exco okays N239bn 2023 revised budget
Kwara State Executive Council has approved for Governor AbdulRahman AbdulRazaq to present to the State House of Assembly, a draft revised 2023 budget of N239,084,199,757.00, with capital expenditure taking some 50.2% of the chunk while recurrent tanked to 49.8%.
The revised budget is 27% larger (N50,238,596,196.00) than the approved 2023 budget earlier approved by the House.
The approval followed a submission from the Commissioner for Planning and Economic Development, Hon. Lafia Aliyu Kora Sabi who said that a service-wide and bottom-up process for the revised budget started since June 2023 — followed by thorough deliberations and reviews of submissions from the Ministries, Departments and Agencies of the Government (MDAs) by the Central Budget Committee (CBC).
“The pertinent factor governing the selection of projects for execution in the remaining part of the year is the emphasis placed on capital projects that are critical to stimulate the economic activities in the state for inclusive growth and development,” Sabi told the council, adding that special considerations have been made to boost economic activities and improve the living standard of the people.
The cabinet, among other government processes, also approved for Star Sewing Machine Limited, an International firm, to manage the State’s Garment Factory following a long-drawn bidding process involving open tendering in line with relevant laws.
Held on Friday evening, the council meeting was chaired by the Governor, Mal. AbdulRahman AbdulRazaq attended by Deputy Governor Kayode Alabi, Secretary to the State Government, Alhaji AbdulKadir Mahe; and all the Commissioners.
Mrs Bola Olukoju
Honourable Commissioner for Communications
Full text: President Tinubu’s 63rd independence anniversary speech
“It is my unique honour to address you on this day, the 63rd anniversary of our nation’s independence, both as the President of our dear country and, simply, as a fellow Nigerian.
“On this solemn yet hopeful day, let us commend our founding fathers and mothers. Without them, there would be no modern Nigeria. From the fading embers of colonialism, their activism, dedication and leadership gave life to the belief in Nigeria as a sovereign and independent nation.
“Let us, at this very moment, affirm that, as Nigerians, we are all endowed with the sacred rights and individual gifts that God has bestowed on us as a nation and as human beings. No one is greater or lesser than the other. The triumphs that Nigeria has achieved shall define us.
The travails we have endured shall strengthen us. And no other nation or power on this earth shall keep us from our rightful place and destiny. This nation belongs to you, dear people. Love and cherish it as your very own.
“Nigeria is remarkable in its formation and essential character. We are a broad and dynamic blend of ethnic groups, religions, traditions and cultures. Yet, our bonds are intangible yet strong, invisible yet universal.
“We are joined by a common thirst for peace and progress, by the common dream of prosperity and harmony and by the unifying ideals of tolerance and justice.
“Forging a nation based on the fair application of these noble principles to a diverse population has been a task of significant blessing but also a serial challenge.
“Some people have said an independent Nigeria should never have come into existence. Some have said that our country would be torn apart. They are forever mistaken. Here, our nation stands, and here we shall remain.
“This year, we passed a significant milestone in our journey to a better Nigeria. By democratically electing a 7th consecutive civilian government, Nigeria has proven that commitment to democracy and the rule of law remains our guiding light.
“At my inauguration, I made important promises about how I would govern this great nation. Among those promises were pledges to reshape and modernize our economy and to secure the lives, liberty and property of the people.
“I said that bold reforms were necessary to place our nation on the path of prosperity and growth. On that occasion, I announced the end of the fuel subsidy. I am attuned to the hardships that have come. I have a heart that feels and eyes that see. I wish to explain to you why we must endure this trying moment.
“Those who sought to perpetuate the fuel subsidy and broken foreign exchange policies are people who would build their family mansion in the middle of a swamp.
“I am different. I am not a man to erect our national home on a foundation of mud. To endure, our home must be constructed on safe and pleasant ground.
“Reform may be painful, but it is what greatness and the future require. We now carry the costs of reaching a future in Nigeria where the abundance and fruits of the nation are fairly shared among all, not hoarded by a select and greedy few. A Nigeria where hunger, poverty and hardship are pushed into the shadows of an ever-fading past.
“There is no joy in seeing the people of this nation shoulder burdens that should have been shed years ago. I wish today’s difficulties did not exist. But we must endure if we are to reach the good side of our future.
“My government is doing all that it can to ease the load. I will now outline the path we are taking to relieve the stress on our families and households.
“We have embarked on several public sector reforms to stabilize the economy, direct fiscal and monetary policy to fight inflation, encourage production, ensure the security of lives and property and lend more support to the poor and the vulnerable.
“Based on our talks with labour, business and other stakeholders, we are introducing a provisional wage increment to enhance the federal minimum wage without causing undue inflation. For the next six months, the average low-grade worker shall receive an additional Twenty-Five Thousand naira per month.
“To ensure better grassroots development, we set up an Infrastructure Support Fund for states to invest in critical areas. States have already received funds to provide relief packages against the impact of rising food and other prices.
“Making the economy more robust by lowering transport costs will be key. In this regard, we have opened a new chapter in public transportation through the deployment of cheaper, safer Compressed Natural Gas (CNG) buses across the nation. These buses will operate at a fraction of current fuel prices, positively affecting transport fares.
“New CNG conversion kits will start coming in very soon as all hands are on deck to fast track the usually lengthy procurement process. We are also setting up training facilities and workshops across the nation to train and provide new opportunities for transport operators and entrepreneurs.
“This is a groundbreaking moment where, as a nation, we embrace more efficient means to power our economy. In making this change, we also make history.
“I pledged a thorough housecleaning of the den of malfeasance the CBN had become. That housecleaning is well underway. A new leadership for the Central Bank has been constituted. Also, my special investigator will soon present his findings on past lapses and how to prevent similar reoccurrences. Henceforth, monetary policy shall be for the benefit of all and not the exclusive province of the powerful and wealthy.
“Wise tax policy is essential to economic fairness and development. I have inaugurated a Committee on Tax Reforms to improve the efficiency of tax administration in the country and address fiscal policies that are unfair or hinder the business environment and slow our growth.
“To boost employment and urban incomes, we are providing investment funding for enterprises with great potential. Similarly, we are increasing investment in micro, small and medium-sized enterprises.
“Commencing this month, the social safety net is being extended through the expansion of cash transfer programs to an additional 15 million vulnerable households.
“My administration shall always accord the highest priority to the safety of the people. Inter-Service collaboration and intelligence sharing have been enhanced. Our Service Chiefs have been tasked with the vital responsibility of rebuilding the capacities of our security services.
“Here, I salute and commend our gallant security forces for keeping us safe and securing our territorial integrity. Many have paid the ultimate sacrifice. We remember them today and their families. We shall equip our forces with the ways and means needed to perform their urgent task on behalf of the people,
“We shall continue to make key appointments in line with the provisions of the Constitution and with fairness toward all. Women, Youth and the physically challenged shall continue to be given due regard in these appointments.
“May I take this opportunity to congratulate the National Assembly for its role in the quick take-off of this administration through the performance of its constitutional duties of confirmation and oversight.
“I similarly congratulate the judiciary as a pillar of democracy and fairness.
“I also thank members of our dynamic civil society organizations and labour unions for their dedication to Nigerian democracy. We may not always agree but I value your advice and recommendations. You are my brothers and sisters and you have my due respect.
“Fellow compatriots, the journey ahead will not be navigated by fear or hatred. We can only achieve a better Nigeria through courage, compassion and commitment as one indivisible unit.
“I promise that I shall remain committed and serve faithfully. I also invite all to join this enterprise to remake our beloved nation into its better self. We can do it. We must do it. We shall do it.!!!
“I wish you all a happy 63rd Independence Anniversary. Thank you for listening. May God bless the Federal Republic of Nigeria.”
63rd Independence: Nigeria always emerges stronger from challenges of nation building: Kwara Gov
Kwara State Governor/Chairman of Nigeria Governors’ Forum (NGF) AbdulRahman AbdulRazaq has congratulated Nigerians on the country’s 63rd anniversary of independence.
He said the country’s march to greatness is on course, and on an even stronger footing, regardless of its own share of the challenges of nation building that every society goes through.
“What is certain is that the country has always emerged stronger from any of its challenges and the current ones, whatever their magnitude or shades, will not be an exception,” the Governor said in a statement commemorating the 63rd anniversary of the country.
“I congratulate Mr. President, Asiwaju Bola Ahmed Tinubu, GCFR, and the rest of the country on this occasion. We thank God for His mercies on our country, and commend all the patriots who have remained true to the dream of a greater, united Nigeria at all turns of our history.
“I join Mr. President, leadership of the other arms of government, and all thought leaders to call on Nigerians to remain united and committed to collective good. Together, we’ll build in the successes of the past years and break new grounds in political maturity and inclusiveness, economic growth, and collective prosperity.”
Chief Press Secretary to the Governor
September 30, 2023
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