Connect with us

COVER

Buhari Responsible for Nigeria’s Economic Hardship, Says Sanusi

Published

on

Share

By David Torough

Former governor of the Central Bank of Nigeria (CBN) Mohammed Sanusi yesterday Nigerians should blame former President Muhammadu Buhari, not Bola Tinubu for economic hardship in the country.

Sanusi who spoke virtually at a religious event in Abuja said Buhari’s administration did not manage the country’s economic policies well.

He therefore, said would not condemn Tinubu over the challenges the country is facing.

Said Sanusi, “I’ve been over the years talking about the pending crisis ahead of the current economic hardship.

“Any economist who has studied monetary policy in the last eight years knows that Nigeria will fall into this difficult situation.

“The difficult situation Nigerians are facing is just the beginning because Nigeria is not exceptional — such situations happened in Germany, Zimbabwe, Uganda, and Venezuela.

“The previous administration was adamant about our appeal for corrective measures.

“I’ve said in the presence of the now sitting president in Kaduna state, any politician who tells you that things will be easy, don’t vote for him because he is lying. People merely dismissed my advisory as a political statement.

“If I’m to be fair and just to President Bola Tinubu, he’s not to blame for the current hardship.

“For eight years, we’re living a fake lifestyle with huge debt from foreign and domestic debts.

“The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service surpassing 100 percent.

“I can’t join other Nigerians criticising Tinubu on the current economic hardship, and I’m not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to blame.

“I’ll also speak if I see any wrong economic policy of the Tinubu administration in the future.”

The former emir of Kano said, “It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative to removal of fuel subsidy.

“After all, Nigeria cannot even afford to pay the subsidy. In the last eight years, the Central Bank continued to print more money, and the naira continued to depreciate.

“There is too much naira in circulation because the CBN is printing the currency without restraint.

“The economy was poorly managed, and they are not willing to take advice; in the last eight years, apart from sycophancy, nothing has been done.

“Tose sycophants are those buying the dollar at the rate of N400 and selling it at the rate of N600 to N700.

“A boy who has no record of service has a private jet and owns houses in Dubai and England just because he is buying dollars at so a rate and selling them.

“I can only plead with the people to endure the hardship, and those who have the means to help the downtrodden should do so.“I am also pleading with commoners to live according to their earnings; we must not peg our lives above our earnings in this difficult situation where people are looking for what to eat.”

COVER

Fire Guts Minister’s Private Residence

Published

on

Share

By Laide Akinboade, Abuja

The private residence of the Federal Capital Territory (FCT) Minister of State, Dr Mariya Mahmoud was completely razed down by fire on Sunday afternoon.

Reports suggest that nothing was salvaged from 9 Justice Roseline Ukeji Close, Asokoro, Abuja as fighters were said to have arrived late.

Media Aide to the minister Mr.

Austine Elemue said the cause of the fire was being investigated.

The Ag. Director, FCT Fire Service, Mr Amiola Adebayo confirmed the fire outbreak.

The Acting Director in a text message to our correspondent said the fire started around 10:40am on 7 Roseline Ukeji close, Mark Okoye Street, Asokoro, involving a 7-bedroom duplex.

He said household items on the upper floor including: beds, clothes, documents, credentials, jewelries and others like air-conditioners, roof were consumed.

 The fire service boss suspected electrical fault in the children room as the cause of the fire.

The fire was brought under control around 2:51pm. No life was lost.

This is the major fire incident in Abuja this year.

On Nov. 7, 2023, a section of the Canadian High Commission caught fire.

The FCT Emergency Management Agency (FEMA) said a diesel tank explosion was responsible for the incident.

Two persons died in the incident while one other person was critically injured.

At the same time, one of the Samsung electronic retail stores in Abuja was gutted by fire.

The fire was said to have been caused by careless welding activities near a pile of empty combustible cartons.

Continue Reading

COVER

Northern Senators Jubilant as ECOWAS Lifts Sanctions on Niger Republic

Published

on

Share

By Eze Okechukwu, Abuja

Northern Senators Forum has commended the leadership of the Economic Community of West African States (ECOWAS) for lifting sanctions imposed on Niger Republic as a result of military takeover on July 26th, 2023.

Recall that the regional block had a fortnight ago, lifted the sanctions it imposed on the trio of Niger Republic, Mali and Burkina Faso following military insurrections in their respective countries.

Reacting to the development, the northern senators forum yesterday in Abuja said that they were pleased to see that ECOWAS responded to the progressive requests “made by us individually and collectively on the subject matter and we commend their prudent and compassionate approach in addressing these critical issues”.

The spokesman of Northern Senators Forum, Senator Suleiman Kawu Sumaila (NNPP, Kano South) noted that the principled and empathetic decision made by ECOWAS to lift the sanctions on Niger Republic was a testament to the organization’s commitment to regional solidarity, cooperation, and respect for human rights, stressing that the action would go a long way in alleviating the suffering of the people of Niger Republic as well as ensuring the restoration of stability and economic prosperity in the region.

According to him, “We are particularly grateful that ECOWAS leaders have considered our pleas to restore electricity, open borders and lift the sanctions on Niger Republic.

“These measures will not only have crucial humanitarian implications but will also foster regional integration, trade, and cooperation.

“We firmly believe that this step taken by ECOWAS will positively impact the lives of the people of Niger Republic and Nigeria and facilitate the restoration of trust and harmony among all member states.

“As representatives of the people and advocates for justice and democracy, we commend ECOWAS for their responsiveness and understanding of the immense challenges faced by our fellow West African nation.

“The Northern Senators Forum stands in solidarity with ECOWAS in restoring democracy and rule of law in Niger Republic and other west African countries.

“And we are committed to working to promote stability, peace, and socio-economic development throughout the region.

“We urge the government of Niger Republic and its people to seize this opportunity to hasten the process of returning to democratic governance to build a stronger and more prosperous nation, harnessing their resilient spirit and unwavering determination.

“Furthermore, we urge all regional stakeholders to continue engaging in dialogue and pursuing peaceful solutions to address any remaining concern, fostering a harmonious environment for progress and development.

“Finally, we would like to reiterate our deep appreciation to ECOWAS leaders especially, President Bola Ahmed Tinubu of Nigeria for their proactive and benevolent intervention in lifting the sanctions imposed on Niger Republic.

“We are confident that this decision will leave an indelible mark on the collective consciousness of all West African nations and serve as a shining example for resolving differences through dialogue and diplomacy.”

Continue Reading

COVER

Edo 2024: Ighodalo Wins PDP Guber Ticket with 577 votes

Published

on

Share

By Dasvid Torough, Abuja

All efforts to make the Peoples Democratic Party (PDP) governorship primary election in Edo State came to naught as two aspirants lay claim to victory on Thursday.

Dr Asue Ighodalo was announced the governorship candidate of the PDP for the Sept.

21 guber election.

The Chief Returning Officer and chairman of the Edo Governorship Primary election Committee, Gov.

Dada Lawal of Zamfara State, declared Ighodalo as winner after he garnered 577 votes to defeat six other aspirants.

The primary was co-chaired by Gov.

Sheriff Oborevwori of Delta

The governorship primary was held at the Lawn Tennis Court of the Samuel Ogbemudia Stadium in Benin.

The Edo Resident Electoral Commissioner (REC), Dr Anugbum Onuoha, led officials of INEC to monitor the process.

Ighodalo scored 577 votes to defeat other aspirants, including Deputy Gov. Philip Shaibu, who scored one vote.

In his acceptance speech, Ighodalo who thanked the delegates for the confidence reposed in him, promised prosperity for all Edo people.

He added that he would make deliberate efforts to tackle poverty and deliver good governance to the people.

Two former House of Representatives members, Mr Omoregie Ogbeide-Ihama and Omosede Igbinedion, stepped down minutes before the primary.

The other aspirants Anslem Ojezua, Felix Akhabue, Martin Uhomoibhi, Hafia Hadizat Umoru, Osaro Onaiwu and Arthur Esene, all scored zero vote.

Earlier, the State Chairman of PDP, Tony Aziegbemi who welcomed the Edo Governorship Primary Election Committee to the state, said the PDP was ready for the Sept. governorship election.

Aziegbemi said a total of 594 adhoc delegates were elected by party members.

Similarly,  the Edo State Deputy Governor, Philip Shaibu emerged factional candidate for the same election.

It was reported that Shaibu scored 3000 votes in a parallel primary election held at his residence on Commercial Avenue, Benin City.

The Returning Officer, Bartholomew Moses declared that Shaibu won with an overwhelming majority of votes.

It was said that some delegates who went to Samuel Ogbemudia Stadium were denied entry.

These delegates returned to the deputy governor’s lodge for the primary election.

Shaibu reportedly addressed the delegates and advised them to remain peaceful, promising to speak with the primary electoral committee chairman.

It was later resolved that a parallel exercise should hold and Shaibu emerged candidate of the election.

Delegates from 12 local government areas reportedly elected Shaibu as the candidate.

Continue Reading

Read Our ePaper

Top Stories

NEWS3 hours ago

VP Shettima Arrives Enugu for project Inauguration

ShareNigeria’s Vice President, Sen. Kashim Shettima, on Monday arrived  Enugu State for project inauguration. Shettima, who arrived Akanu Ibiam International...

NEWS3 hours ago

Police College Ikeja Prepares for New Recruits in Lagos

Share Police College Ikeja in Lagos State says it is prepared to start training the screened new Police constables for...

NEWS3 hours ago

Imo has not received N30 bn from FG—-Uzodimma

ShareFrom Marcel Duru, Charity Wins Owerri The Governor of Imo State Senator Hope Uzodimma has said that Imo State has...

NEWS4 hours ago

NLC Protest: Tension as hoodlums plan to hijack protest in Imo

ShareMarcel Duru, Charity Wins Owerri The Commissioner of Police Imo State Command Mr Aboki Danjuma has stated that the Command...

NEWS8 hours ago

DHQ Dismisses Report on Putting Guards Brigade on High Alert, Threatens Legal Action

ShareThe Defence Headquarters (DHQ) has dismissed allegation that the Guards Brigade had been put on high alert following unusual movements,...

NEWS8 hours ago

CSOs Kick against Incessant Loan Requests by FG, Bemoans Nass Over Express Approval

ShareBy Eze Okechukwu, Abuja Nine Coalition of Civil Society Organizations has kicked against the ceaseless requests for loans by the...

OPINION8 hours ago

Taking the Right Steps to Save Naira from Further Decline

ShareBy Tony Obiechina Against the backdrop of continued fall of the Naira, the Office of the National Security Adviser (ONSA)...

NEWS8 hours ago

Food Crisis: Social Crusader Advocates Deployment of Inmates to Farms for Agricultural Revival

ShareFrom Joseph Amedu, Lokoja As the country grapples with food and unemployment crises, a foremost social crusader, Mr Ukwunetu Samuel...

NEWS8 hours ago

DNKI Holds NEC/NAC Retreat In Bayelsa

ShareFrom Mike Tayese, Yenagoa De Norsemen Klub International (DNKI) over the weekend held its National Executive Council (NEC) and National...

NEWS8 hours ago

NGE Embarks on Media Tour of Educational Facilities in Kogi

ShareFrom Joseph Amedu, Lokoja The Nigeria Guild of Editors at the weekend embarked on a media tour of educational facilities...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc