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2023: Tinubu Meets Buhari, Warns Against Early Campaigns

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By Jude Opara and Mathew Dadiya, Abuja

The National Leader of the ruling – All Progressives Congress (APC), Asiwaju Bola Tinubu, yesterday held a closed door meeting with President Muhammadu Buhari in the Aso Rock Presidential Villa.

The APC national leader said this while speaking with State House Correspondents in Abuja, after a closed-door meeting with President Muhammadu Buhari, at the Aso Rock Villa.

 Tinubu said that it was  too early to start discussing who would takeover power from President Buhari in 2023, described those making the calls as enemies of Nigeria.

Tinubu also extolled President Buhari’s strength of character and integrity, saying that he had no doubt about the President’s position on the rumoured third term agenda.

He said that he was sure that President Buhari would reject any call for a third term even if suggested to him.

Tinubu’s remarks however, sharply contrasted with the views of the Founder of Later Rain Assembly, Pastor Tunde Bakare  who had earlier  called on   President Muhammadu Buhari to choose his successor for 2023.

It would be recalled that Bakare, a close ally of President Buhari and his running mate in 2011 presidential election, recently charged the President to start paying attention to his succession plan.

 Also, there had been lots of dusts raised from different parts of the country on which geo-political zone  should produce President Buhari’s successor.

 Responding to a question on who should be or where the President’s successor should come from, Tinubu said “that time is not now. We have just finished one election and Mr President is busy sorting out the Budget, working for the people of this country.

“Of course, restlessness of politics is going to be there, but any lover of this country will not talk about the succession plan yet. That’s the truth. Concentrate on working for the country, help the President to help the country. There’s nothing more than that.

“We cannot use 365 days in a year and 360° to work on politics, it’s not possible. Anybody talking about that now is just completely restless and not focused on the agenda of nation building and development of our country”, he said.

Speaking to the issue of the President’s choice to address the third term rumour, Tinubu said the rumour was fabricated by his detractors, noting that he had not for once doubted the integrity of the President.

“Any reasonable politician, who had worked with President Muhammadu Buhari will know that he will not (tamper with the Constitution). Detractors are always suspicious and will make accusations, but I was in the trench, in the struggle for democracy.

“I was in the trench and in the opposition with Muhammadu Buhari, till the Third Term agenda of a former leader of this country failed. I know he will never. He has the courage and the character to refuse such a temptation even if offered to him. I believe in him and I believe Nigerians should also believe in him.

“He doesn’t need to say it to me, I’ll argue it in the corner and everywhere they bring such a thing up. However, it’s very good to hear it from him. I say congratulations to a man of character and integrity. The challenge of turning the ship of this nation around is a continuum and a continuous effort and that is what we should get ourselves concerned with.

“Yes, politics is intoxicating, it’s flamboyant, it’s interesting, but we cannot continue in perpetuity one after the other, we have to relax, show concern for the people of the country and see to the efforts of the President that will manifest in the new, united and prosperous country. We are still not there”, he said.

He also commended the President for using his New Year message to Nigerians to touch their most critical concerns.

He, however, noted that the issues highlighted in the message by the President, like security and economy, are works in progress, which would continue to require constant work, to make life easier for the common man.

He said he was visiting the President to greet him for the New Year, consult with him on national issues and wish him well.

“His New Year message resonated very well; he showed concern about the security and the understanding that the economy is still a challenge, but it’s a work in progress, you’ll have to continue to work on it and make it better for the common man. That’s the meat of the message”, he said.

Okurounmu Berates Bakare over 2023 comments

Certainly, the last is yet to be heard of the call by the Pastor of the Later Rains Assembly, Tunde Bakare on President Muhammadu Buhari to choose who will succeed him in 2023.

A chieftain of the Yoruba socio-political organization – Afanifere, Sen. Femi Okurounmu, has berated the fiery pastor over the comments warning that it was not the duty of an incumbent president to decide who would succeed him.

According to him, such call was against the tenets of democracy, adding that it had the potential of derailing the country’s democratic journey.

 The Afenifere chieftain, who spoke with journalists in Abeokuta, the Ogun State capital, advised President Buhari against heeding such advice.

“I read through the whole so-called state of the nation broadcast. The only thing I agree with, in the statement, is that Nigeria is rotten from top to bottom. His analysis of how rotten Nigeria is, accurate.

“But when he then goes on to say that it is not by accident that Buhari is the president at this time, that God has put him in a place where he can restore Nigeria to a place where all of us can be proud to call ourselves Nigerians, I think he’s living in a fool’s paradise; because you cannot ask a man who is lame as your representative to come and run 100 metres dash when you know he cannot move.

“Our experience with Buhari in the last five years of his administration has shown Buhari to be the very opposite of the kind of man Bakare is asking Buhari to be. The man has shown himself to be the greatest divider that Nigeria has known in terms of being a leader.”

Okurounmu further stated  that Tunde Bakare was pretending by asking Buhari to do what he knows that Buhari cannot do because it is beyond him to select his successor.

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FG Approves Mandatory Drug Integrity Test for Tertiary Students

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By Attah Ede, Makurdi

In a bold move to tackle the growing menace of drug abuse among young people, the Minister of Education, Dr. Tunji Alausa, has approved the implementation of mandatory drug integrity testing for students in Nigeria’s tertiary institutions.This initiative, announced after a strategic meeting with the Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig.

Gen.
Buba Marwa (retd), will apply to both new and returning students through compulsory and random testing.The development is part of a comprehensive three-pronged strategy proposed by the NDLEA, which includes curriculum reform to introduce up-to-date drug education in schools, stand-alone drug abuse prevention programs at the secondary level, and a national student drug testing policy.
According to NDLEA spokesman, Femi Babafemi, over 40,000 drug offenders have been arrested and more than 5,500 metric tonnes of narcotics seized in the last two years alone.Marwa emphasized the urgent need for this initiative, stating that drug use fuels criminal activities including terrorism, kidnapping, and banditry.“We are fighting for the souls of our children. Without drugs, many criminal activities would not be possible,” Marwa declared.Dr. Alausa acknowledged the devastating effects of drug abuse on academic performance and employability, describing it as a major threat to national development.“When youths get into drugs, they lose interest in education. Even if they attend school, they’re not functional. Their ability to make informed life decisions is diminished, making them unemployable,” Alausa warned.To institutionalize the reforms, the minister announced the establishment of a Substance Use Prevention Unit in the ministry and the formation of an inter-ministerial working group with the NDLEA. He also committed to collaborating with the Universal Basic Education Commission and the Tertiary Education Trust Fund to support the NDLEA Academy in Jos.Meanwhile, in Makurdi, Benue State, a different kind of crisis is unfolding. No fewer than 76 nursing students at the Benue State University (BSU) were forcefully evicted from their hostels on Thursday, following a dispute over increased accommodation fees.The students, who were relocated from the main campus to the dilapidated facilities of the former School of Nursing and Midwifery, said they were asked to pay N30,000 per bed space, double the N15,000 charged at the main hostels.According to them, the eviction came without prior notice, even as the students were in the middle of their first semester exams and preparing for their clinical postings slated for August 11.Many of them, coming from distant states such as Lagos, Kaduna, and Abuja, were left stranded on the streets with their luggage and no alternative accommodation.Acting President of the Benue Schools of Nursing and Midwifery Alumni Association and media aide to the State NANNM Chairman, Mhange Moses, condemned the action as harsh and insensitive.“This is a shameful treatment. These students live in appalling conditions — no water, no electricity, broken toilets. Now they are being thrown out with no place to go. The nursing college is at risk of losing accreditation, and the students’ futures are in jeopardy,” Moses lamented.He appealed to Governor Hyacinth Alia to intervene urgently and provide a safe and conducive learning environment.“Nurses are the custodians of public health. They deserve better. We appreciate the governor’s efforts in upgrading the institution, but he must act now to prevent further damage,” Moses urged.As the federal government ramps up its fight against drug abuse in tertiary institutions, the plight of these nursing students highlights another pressing issue in the education sector—access to basic, dignified living conditions while pursuing academic and professional training.

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FCMB Group Records N529.2bn in Half Year Gross Earnings

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By Tony Obiechina, Abuja

FCMB Group Plc has announced its financial results for the half-year period ended June 30, 2025, recording gross earnings of N529.2bn, representing a 41.3 percent increase compared to N374.5bn posted in the corresponding period of 2024.In its unaudited financial statements for the period ended March 31, 2025, and filed with the Nigerian Exchange Limited on Tuesday, the growth was primarily driven by a 70.

3 percent surge in interest and discount income, which rose to N458.
4bn from N269.2bn in H1 2024. This strong performance reflects improved yields on earning assets and expansion in the Group’s loan book, which reached N2.38tn as of 30 June 2025.Net interest income climbed to N207.
4bn, up 95.3 percent from N106.2bn in the same period last year. Despite this, interest expense rose by 54.1 percent to N251.0bn, compared to N163.0bn in 2024.Net fee and commission income also rose significantly by 51.3 percent to N37.9bn from N25.1bn. This growth was aided by a 30.9 per cent rise in fee and commission income to N47.4bn, even as fee and commission expenses fell by 14.9 per cent to N9.5bn.However, net trading income declined by 29.3 per cent to N22.2bn from N31.4bn, while other gains fell sharply to N696.3m from N37.1bn, reflecting lower revaluation and disposal gains on financial instruments.Operating expenses increased across the board. Personnel expenses rose 34.4 percent to N48.3bn, and depreciation and amortisation grew 24.8 per cent to N8.1bn, while general and administrative expenses jumped 59.4 per cent to N57.2bn. Other operating expenses rose 49.4 per cent to N39.6bn.Despite these cost increases, the Group delivered a profit before tax of N79.1bn, a 23.2 per cent rise from N64.2bn in H1 2024. After tax, profit stood at N73.4bn, reflecting a 23.4 per cent year-on-year growth from N59.5bn.Other comprehensive income for the period was N6.9bn, up from N24.8bn in the previous year. This brings total comprehensive income for the Group to N80.3bn for H1 2025, slightly below the N84.3bn reported in H1 2024, due largely to lower unrealised gains from foreign currency translation differences.Total assets as of June 30, 2025, stood at N7.54tn. Customer deposits rose 39.9 per cent to N4.54tn, while loans and advances to customers increased modestly to N2.38tn.

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‎NNPCL Backstraps, Rules Out Port Harcourt Refinery Sale

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By David Torough, Abuja

‎‎The Nigerian National Petroleum Company Limited (NNPCL) has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.‎Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, made the announcement during a company-wide town hall meeting at the NNPC Towers in Abuja, ending weeks of speculation over the future of the country’s most prominent state-owned refining asset.

‎A statement by the company management yesterday said, “The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.
”He described selling the Port Harcourt Refining Company as “ill-advised and sub-commercial.”‎Ojulari’s remarks come amid rising public concern sparked by his earlier comments at the 2025 OPEC Seminar in Vienna, where he said “all options are on the table” regarding the future of Nigeria’s refineries.The statement triggered a wave of speculation that a sale might be imminent.‎He stated that the new position of the firm was not a shift. Rather, it is informed by ongoing detailed technical and financial reviews of the Port Harcourt, Kaduna and Warri refineries.The statement added, “The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and sub-commercial.‎”Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery.‎”Thus, selling is highly unlikely as it would lead to further value erosion.”At the town hall, the Executive Vice Presidents presented progress reports from the Upstream, Downstream, Finance, Business Services, Gas, Power, and New Energy businesses, highlighting operational achievements, ongoing reforms, and areas requiring attention.According to the statement, the announcement reinforces NNPC’s mandate as a strategic custodian of national energy infrastructure and reflects a firm resolve to deliver on the complete rehabilitation and long-term viability of Nigeria’s refineries.It also signals continuity in the Federal Government’s broader energy security objectives and a commitment to retaining critical assets under national control.Feedback during and after the session revealed a workforce energised and aligned with the leadership’s vision. Described as “reassuring,” “transformational,” and “sustainable”, the atmosphere reflected an optimistic outlook among employees and hopefulness about the company’s evolving strategic direction.“NNPC Ltd will continue to reposition itself as a commercially driven, professionally managed national energy company, grounded in transparency, focused on performance, and unwavering in its responsibility to its number one stakeholder group, Nigerians,” Ojulari concluded.The statement added that the declaration was received with applause from hundreds of staff attendees, who described the position as a renewed sense of business-focused direction across the organisation.NNPCL Drills Four Oil Wells in Kolmani, BauchiA Director at the Nigerian National Petroleum Company Ltd, Yusuf Usman, said the company has drilled four oil wells in the Kolmani area of Bauchi State.He also restated the commitment of the company to the exploration and development of oil and gas resources in the northern region of the country.Usman said this on Wednesday in Kaduna at the Sir Ahmadu Bello Memorial Foundation’s two-day interactive Session on Government-Citizens Engagement.Usman stated, “So far, the NNPCL has drilled four wells in the Kolmani area of Bauchi State, and is currently evaluating the appropriate technology to be deployed for the next phase of drilling operations.“In support of President Tinubu’s Compressed Natural Gas (CNG) Initiative, five CNG and Liquefied Natural Gas (LNG) plants are under construction in Kogi.“These plants are expected to enhance gas supply and accessibility across the northern region.”Usman highlighted some of the achievements of the company under the Tinubu-led administration that benefited the north and other parts of the country.

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