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Moghalu Recommends 50% Salary, Allowance Cut For Political Office Holders, NASS Members

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Kingsley Moghalu has recommended a 50% cut in salaries and allowances of political office holders and members of the National Assembly (NASS) owing to the economic hardship in the country.

The economist, who is a former deputy governor of the Central Bank of Nigeria (CBN), said this on Monday.

According to him, despite the hardship facing Nigeria in the wake of the petroleum subsidy removal, the country’s governance culture encourages extravagance among political leaders and appointees.

“The culture of governance is a very important issue that needs to be addressed and the tone has to be set from the top – from the presidency down. It has to include the National Assembly because a lot of resources go there and they are supposed to be independent of the executive,” Moghalu said Monday.

“So, they themselves must come on board, examine themselves, and say: ‘Look, even if we have been making this mistake in the past, we cannot continue this way. We have to cut our salaries.’ I recommend a 50% cut for all political office holders and all national legislators. It would make people a little bit more sober. It would make them understand that we are in hard times.”

While citing some Scandinavian countries where their leaders take mass transits and even ride bicycles to work, Moghalu argued that Nigeria’s governance culture puts self-service above people-service.

“So the culture of governance – all these excessive demonstrations of power and influence – is a very negative culture because it shows that government is not for service,” he maintained.

“It is for self-aggrandisement. It is for political power for its own sake, not for leadership and service.”

Moghalu wondered why everybody in the country wants a siren and a long convoy, berating the political leaders for not replicating what they see in developed countries in Nigeria.

He faulted the country’s quest for more loans, saying the monies are not used for the right things.

“So, my comment is simply a reflection of the fact that the political class in Nigeria – more broadly – has prevented the economic progress of the country because of their own self-seeking and rent-seeking behaviour,” the former presidential candidate added. “This is the problem, not borrowing.”

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Business

BREAKING: Tinubu Appoints Ayodeji Gbeleyi as BPE DG

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President Tinubu
– Ayodeji Gbeleyi appointed as Director-General of Bureau of Public Enterprises
– Renowned financial expert and award-winning chartered accountant
– Over 30 years of experience in diverse sectors

President Bola Tinubu has appointed Ayodeji Ariyo Gbeleyi as the Director-General of the Bureau of Public Enterprises (BPE).

According to the President’s spokesman, Ajuri Ngelale, Gbeleyi is expected to bring his vast experience and competence to bear in this role.

Gbeleyi is a fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.

He has also attended executive programmes at the prestigious London Business School, Harvard Kennedy School of Government, and Lagos Business School.

With over 30 years of post-qualification experience in diverse sectors, Gbeleyi is well-equipped to strengthen the agency as the national resource centre for capacity building and sustenance of reforms.

The President expects him to promote a competitive private sector-driven economy and ensure social accountability and efficient deployment of public resources.

“The new Director-General is expected to bring his vast experience and competence to bear in this role,” said Ajuri Ngelale. “He will advance effective corporate governance and fiduciary discipline in the public and private sectors.”

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Opinion

Love Knows No Age: Breaking Down the Taboo of Younger Men Dating Older Women in Nigeria

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As I explore Nigeria’s rich cultural heritage, I’m struck by the harmful biases that exist.

One example is the stigma against older women dating younger men – a double standard that restricts women’s choices and reinforces harmful gender stereotypes.

In Nigeria, a woman’s value is often tied to her age, with younger women being prized for their beauty and fertility.

what about older women who desire love and companionship? Why are they shamed for their relationships, forced to hide their love due to societal pressure?

The double standard is clear. Older men marrying younger women is widely accepted, even celebrated, while older women in relationships with younger men face judgment and discrimination.

This issue affects men too, who are trapped by societal norms, forced to conform to traditional gender roles and expectations.

It’s time to challenge these outdated norms and embrace love in all its forms by promoting gender equality and inclusivity.

Let’s look to inspiring examples of older women who have defied societal norms and found love with younger men. Women like Gabrielle Union, who has spoken publicly about her relationship with her husband, Dwyane, who is several years younger than her or women like Viola Davis, who has embraced her love for her husband, Julius Tennon, despite their significant age difference.

These women are trailblazers, paving the way for a new generation of Nigerians who refuse to be bound by societal norms.

They show us that love knows no age, no gender, and no boundaries. It’s time for us to follow their lead and create a society that truly celebrates love in all its forms.

Research has shown that relationships with significant age gaps can be just as fulfilling and long-lasting as those with smaller age gaps. In fact, some studies suggest that older women in relationships with younger men may experience increased happiness and satisfaction due to the younger partner’s energy and enthusiasm.

By letting go of societal constraints and embracing our true desires, we can experience increased self-esteem, confidence, and overall life satisfaction.

we can create a society where everyone can love freely, without fear of judgment or rejection.

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