Connect with us

News

BREAKING: Oodua groups back Tinubu on fuel subsidy removal

Published

on

The Coalition of Oodua Self-Determination Groups has appealed to Nigerians to support the subsidy removal by President Bola Tinubu saying that he took the right decision.

The leader of the Yoruba groups, Mr Razak Olokoba, while speaking in a joint press conference held at the Airport Hotel, Ikeja, Lagos State on Tuesday, June 6, 2023, said Nigeria cannot continue to budget trillions of naira on fuel subsidy alone.

He said, “For this year, 2023, Nigeria budgeted N11 trillion of its oil revenue on subsidising petrol alone. This cannot continue. This is good money going down the drain, with little or nothing to show for it.

“This huge amount can be channelled into solving our several deficits, including, infrastructural, housing, education, healthcare and generally upgrading the quality of life for Nigerians. It will also help strengthen the naira.

Olokoba stressed that Nigeria’s economy depends 90 per cent on petroleum exports for its revenue and one-third of its Gross Domestic Product has been zero revenue from the sector, adding, “Tinubu said he inherited the assets and liabilities of the last regime. Nigeria currently owes massive local and foreign debts to the tune of N71 trillion.”

The group’s leader maintained that if the subsidy is not killed, it will kill Nigerians while explaining that since the year 2000 when the Nigerian government gave 20 refinery licences to private companies, adding that none was built apart from Dangote’s recently inaugurated.

Olokoba further encouraged competition in the oil sector, noting that it will bring about lower prices.

Details later…

News

Mauritania’s Tah succeeds Adesina as 9th AfDB President

Tah was elected to succeed Adesina after rounds of voting conducted by the AfDB Board of Governors during the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.

Published

on

By

Mauritania’s Sidi Ould Tah has been elected as the ninth president of the African Development Bank Group (AfDB) as Nigeria’s Akinwumi Adesina prepares to bow out.

The Bank announced his election on its website on Thursday.

Adesina’s 10-year tenure will end this year and Tah is expected to assume office on September 1, 2025.

Tah was elected to succeed Adesina after rounds of voting conducted by the AfDB Board of Governors during the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.

The Board comprises finance ministers and central bank governors from the Bank’s 81 member countries.

Continue Reading

News

JUST IN: Appeal Court Affirms Okphebholo as Edo Governor

Published

on

‎‎The Court of Appeal in Abuja has affirmed Monday Okphebholo as duly elected in the September 21, 2024 Edo Governorship polls, as it affirms the decision of the Tribunal which on April 2 dismissed the petition of Asue Ighodalo of the People’s Democratic Party (PDP) for lacking merit. ‎‎

A three-man panel of the Appeal court, presided over by Justice Mohamed Danjuma, restated the position of the Tribunal which held that the PDP failed to provide sufficient and credible evidence to substantiate their claims of electoral malpractice, irregularities, and non-compliance with the Electoral Act.‎‎

The panel held that the PDP failed to provide sufficient and credible evidence to substantiate their claims of electoral malpractice, irregularities, and non-compliance with the Electoral Act. ‎‎

The Appellate Court agrees with the Tribunal that the Bimodal Voter Accreditation System (BVAS) Machines which the appellants tendered were merely ‘dumped’ as they weren’t demonstrated to prove overvoting.

‎‎This the Court held after it earlier expunged the 133 BVAS machines admitted in evidence at the Tribunal stage of the Governorship tussle. ‎‎

Ighodalo and the PDP were further faulted by the Appellate Court for failing to tender the voter register to prove overvoting.

The Court further adds that BVAS extract doesn’t constitute items with which to prove overvoting. ‎‎It says the documents tendered by the PDP at the Tribunal did not, on their own, prove overvoting, non-holding or cancellation of elections at the polling units.

‎‎To further puncture the case of the PDP, the panel says the 19 witnesses called by the appellants during the Tribunal hearing didn’t help their case.

It says the majority of them did not witness what they spoke about. Moreso, it adds they were insufficient to prove irregularities in polling stations at over 4,000 locations.

‎‎Nigeria’s electoral body, INEC, had declared Okpebholo the winner with 291,667 votes, against Asue Ighodalo of the PDP who garnered 247,274 votes.

Continue Reading

News

Betta Edu Congratulates President Tinubu On His Two Years In Office

Published

on

The former Honorable Minister of Humanitarian Affairs and Poverty Alleviation. former, Dr Betta Edu, has congratulated President Bola Ahmed Tinubu on his Two Years in Office.

Edu, who joined millions of Nigerians and members of the All Progressives Congress, APC to heartily congratulate the president on his second year in office as the President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria said the president has been a true father to all.

Her statement reads: Mr. President, Father of the nation.

I join millions of Nigerians and members of our great party, the All Progressives Congress, APC to heartily congratulate you on your second year in office as the President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria.

Despite the obvious challenges, your dedication to transforming Nigeria and changing the economic landscape by improving the lives of the citizens in the long run is visible, even to the greatest critics.

It’s has not been an easy ride navigating terrains that even lions won’t dare! Your commitment to hard work and a result oriented leadership is unprecedented.

The focus of your administration on economic rejuvenation is evidently changing the narrative and Nigerians are witnessing the positive impacts, including infrastructural development, education for all, affordable housing, huge improvement in the security situation among others, in just two years.

These positive developments underscore the renewed hope agenda of your administration.

Your Excellency, this was the toughest two years of your four + four years journey leading our nation.

The right foundation has been laid; it’s time for the fruits to blossom.

Forward forever, Nigeria will experience a rebirth, under your dynamic and visionary leader, A Lion is never distracted by the bleats of goats.

Mr. President keeps raising the bar….her statement reads.

Continue Reading

Trending