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Way out of the woods-Tinubu

  • As Air Force saves N29m from spare parts

Asiwaju Bola Ahmed Tinubu, leader of the All Progressive Congress, has called on the government to refine its political economic status and make the economy beneficial to the ordinary man.
He spoke at the 9th Tinubu Colloquium which held in Lagos criticizing the country’s system where it solely depended on cash payment for every transaction, explaining that, that system is a bait for corruption.
The 9th Asiwaju Bola Ahmed Tinubu Colloquium has the theme, “Make it in Nigeria: Use what we make, make what we use,” and was held at the Eko Hotel & Suites, Victoria Island, Lagos.
According to the APC leader: “No economy is built on cash and carry, the economy is built on credit, credit for business investment and consumers spending is closely related. If Nigeria’s population is over 180 million that is a huge market for us, consumer credit must be more accessible to the average consumer.
“The current record requires that we pay cash if we want a house. If I want a house, one house, I must be ready with cash, that is bait for corruption. So we cannot find EFCC Magu in one end and be practicing a policy that is one arm bandit.
He explained that the credit system is very necessary for Nigeria if we the government want to fight corruption.
“If you have no credit and need to pay for a new car and the price of car is N8 million and for a civil servant where will he raise such money. So until we introduce credit in our system, we cannot conquer corruption,” Tinubu said.
He lamented the exit of the tyre manufacturing companies from Nigeria, and called on government to do all it can to ensure that these companies starts production again in Nigeria.
“We should put incentives in place for Dunlop, Michelin and Pirelli to produce in Nigeria. What ever they need to come back and produce in our country, let us give it to them, including subsidy,” he pointed out.
He commended the country for breaking the monopoly in the electricity sector, noting that “we must be proud that we broke the monopoly in the electricity generation in Nigeria, but we musty exploit coal and other means of creating energy. No nation survive without electricity.”
While lamenting importation of newsprints and the death of paper manufacturing company, Tinubu said: “Nigeria must own its refineries, but must recruit foreign partners to make it work.”
Tinubu said it was time that Nigeria changed its economic model as it was obvious that the old model, where the country relied solely on revenue from crude oil export, can no longer work.
He said it was good that the President Muhammadu Buhari’s government had realised this and had commenced a move toward salvaging the nation’s economy by embarking on diversification.
He, however, said that the Federal Government must team up with the private sector operators in its quest for the diversification of the economy.
He added that the country must borrow a leaf from other countries of the world as England, America and China, which had today become self-reliant by taking tough decisions.
Earlier, the Chief of Air Staff, Air Marshal Sadiq Abubakar revealed that the Nigerian Air Force had been looking inward in the procurement of spares for its aircrafts.
The Air Force Chief said the NAF has saved for Nigeria a over N29 million producing aircraft parts locally for it attack helicopter the MI-35, the Alpha jets, Augusta 109 helicopter’s and N7 aircrafts.
“The hydraulic accumulator diaphraghm is a very important component of the MI-35 helicopter, which is one of the man platforms being employed in the North Et.
“Aside from being very expensive, the diaphragm requires frequent replacements to assure safe conducts of flying operations.
“Often times, MI-35 helicopter become grounded due to fault hydraulic accumulator diaphragm. Effort made to procure the diaphragn from the manufacturer of the helicopters revealed that it was scarce ro source and very expensive.
The Nigerian Air force eventually had to procure 6 diaphragm only at the cost of $106,000.
He said that that situation forced the force to look inward and today the diaphragm are produced locally for as low as N25,000.
Air Marshal Abubakar said: “There was a dearth of Alpha Jet aircraft brake assemblies owing to the closure of the production lines abroad. I then directed the Aircraft Engineering Branch to collaborate with indigenous brake manufacturers to seek a lasting and home-grown solution to the challenge. Eventually, the Nigerian Air Force partnered with the Innoson Group of Companies, which readily agreed to use the Company’s equipment to overhaul the Alpha Jet aircraft brake assemblies by using the MB-339 aircraft brake pads. A total of 8 brake assemblies were successfully overhauled through this process.
“The Nigerian Air Force has since signed a Memorandum of Understanding with Messrs Innoson, which has invested in the production of brake pads and rivets needed to overhaul the Alpha Jet aircraft brakes. The company is now able to mass produce the needed Alpha Jet aircraft brakes. With this, we are sure of getting the required brakes at an affordable price, right quality and in a timely manner, having involved an indigenous company. The Nigerian Air Force and the company are already exploring the possibility of producing brakes for other aircraft types on the inventory of the Nigerian Air Force.

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