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Moghalu says economy better under PDP, presidency faults claim

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The Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, and a former Deputy Governor, Central Bank of Nigeria, Kingsley Moghalu, on Wednesday, traded blame on the state of the nation’s economy under the administrations of the ruling All Progressives Congress and opposition Peoples Democratic Party.

Moghalu had claimed in a series of tweets via his X handle on Wednesday that the nation’s economic state, which had experienced a downward trajectory in the past 40 years, only saw the light of the day “briefly” under the administration of former President Olusegun Obasanjo.

Moghalu added that the improved economy was also observed during subsequent PDP-led governments of the late Umaru Yar’Adua, and Goodluck Jonathan.

The former CBN deputy governor, who served from 2009 to 2014, added that from 2015 till date, Nigeria has fallen under a “completely incompetent economic management.”

The tweet read, “Nigeria’s economic distress is simply part of a 40-year downward trajectory that was broken only briefly by the Obasanjo civilian presidency and to some degree under Yar’Adua/Jonathan (up to mid-2014). Ever since, especially from 2015, we fell under completely incompetent economic management and have not recovered.”

The political economist called on the Federal Government to lay a “real foundation for longer-term economic transformation,” while stating that “80% of Nigeria’s exports in 2023 was oil tells you we have yet to get serious..”

Moghalu noted that the presidential palliatives initiative is not a good economic tool to curb poverty, and consequently improve wealth distribution.

“Palliatives (just google the dictionary definition of the word) will never reverse poverty. Wealth is positively created,” he stated.

Moghalu, a former presidential candidate of the Young Progressives, also criticised the appointments of the nation’s economic management team, stating, “Real economic thinking is not happening, so economic transformation can’t follow. Like it or not, individuals in certain positions matter. Sanusi and Ngozi Okonjo-Iweala made a huge difference in their roles. That’s because they had capacity. Their appointments went above politics of cronyism. The results, which is what matters more than sound and fury at the end of the day, followed.”

The tweet concluded, “May we recover one day. Like it or not, appointments have real consequences.”

Reacting to the tweets later in the day, President Bola Tinubu’s aide, Ajayi, admitted that the Obasanjo-led administration from 1999-2007 truly paved the way for some economic reforms, yet “Nigeria didn’t see any progress in infrastructural development” that would have a “direct bearing on the quality of life.”

Ajayi wondered how Moghalu and some others claimed that their era in government was the “golden era of competence” in the nation’s economic management.

Ajayi lamented how Moghalu and his former principal, Sanusi, at the CBN, couldn’t explain the whereabouts of the missing $20 billion in oil revenue, adding that “hundreds of millions of dollars were looted under various guises yet Moghalu wants us to believe that that period was the gold standard in economic management in Nigeria.”

“That period till 2015 was a period of trillions of unpaid salary and pension arrears. A period when contractors were owed hundreds of billions with thousands of abandoned and uncompleted projects,” Ajayi stated.

The presidential aide also noted that since 2015, the nation enjoyed key reforms and changes under the ruling APC government, part of which were the payments of owed salaries and pensions, “massive investments in critical economic infrastructure,” and the “reconstruction of 13,000 kilometres of roads across the country out of 33,000 kilometres of Federal roads in 8 years of President Buhari.”

Ajayi claimed that during the handover of government from Jonathan to the immediate past president, Muhammadu Buhari, on May 29, 2015, Nigeria’s Gross Domestic Product “declined from 7% growth rate to 2% and Nigeria was already primed for recession which eventually happened with collapse of crude oil price.”

“It should be said too that every indices of measuring economic growth significantly declined from 2010- May 2015, a period when Moghalu was Deputy Governor at CBN,” he added.

Ajayi lamented that Nigeria’s foreign reserve dropped about 52 per cent “from the height of $60 billion to $29 billion when Moghalu was part of the ‘competent leaders’ in government and Excess Crude Account dropped from $20 billion to $2 billion at the time crude oil sold for $100 per barrel for straight 4years from 2011-2014.

“The period between 2010-2014 was when Nigeria made most money from crude oil in history yet nothing to show for it.”

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I nearly withdrew from 2023 presidential race -Tinubu

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President Bola Tinubu has revealed that he nearly abandoned his 2023 presidential ambition following a moment of doubt during the election campaign.

“I almost dropped the idea of running for President,” Tinubu revealed on Saturday night at a special Iftar held in his honour at the Aso Rock Presidential Villa, Abuja, where he also thanked Nigerians for their overwhelming goodwill and prayers on his 73rd birthday.

Tinubu’s Special Adviser on Information and Strategy, Mr Bayo Onanuga, disclosed the excerpts of the President’s dpeech in a statement signed in the early hours of Sunday titled ‘President Tinubu appreciates Nigerians for birthday well wishes, reveals he nearly quit 2023 presidential race.’

Reflecting on the pressures he faced, the President recounted how a close relative visited him in the middle of the night and questioned his resolve.

“Those close to me know that the odds were against me. During the campaigns. One came to my living room around 3:30 a.m. and said he needed just N50,000 to buy foodstuff for our uncle.

“He told me, ‘The currency is gone because of you. People are jumping over bank counters because there is no cash. Our uncle, a wealthy man, doesn’t even have N10,000 in cash.

What are you running for?’

“I told him, ‘I am running for President, not for you and our uncle.’ I gave him the N50,000. As he walked out, he turned to me and said, ‘I don’t think you will make it.’ I replied, ‘I will make it.’”

Tinubu added, “I was amazed. At that moment, I almost dropped the idea of running for President. But thanks to Aminu Masari and all of you who encouraged me.

“When I came to Abuja, Masari told me, ‘I am the Chairman of the North West Group; don’t look back.

”In his address, the President recognised the difficulties encountered along the path to the presidency and reaffirmed his commitment to advancing Nigeria’s progress.

Tinubu also noted that he assumed office during a period of economic challenges and had to make swift decisions, including scrapping the fuel subsidy on his inauguration day.

“On the day of my inauguration, I had to decide on something not originally in my speech, and that was the fuel subsidy removal.

“The hallmark of a great leader is the ability to make the right decision at the right time. That was the day I declared that the subsidy was gone.

“The following day, I was hounded and thoroughly abused in the media. But I stood firm, knowing it was the right thing to do for our nation’s future,” said Tinubu.

Vice President Kashim Shettima lauded the President’s leadership style, saying his decisions have tackled issues that haunted previous administrations.

He said, “Thanks to his boldness, future presidents of Nigeria will not have to wrestle with the same ghosts that haunted past administrations, including fraud-ridden fuel subsidies, an unstable forex market, and the suppression of local government autonomy.

“These were the thorny issues that many before him sidestepped. But Asiwaju did not sidestep history; he came to rewrite it.

“And in rewriting it, Asiwaju has taken the bullets that many before him simply lacked the courage to face. But that is the thing about true leadership: it is not for those who seek comfort.

It is for those who understand that the path to national greatness is lined with difficult choices.

”Senate President Godswill Akpabio applauded the President’s “relentless passion for national development” and described him as the “most audacious president” in Nigeria’s history.

“If I were a governor under your administration, I would have been a ‘supernatural governor’ and not an uncommon governor,” he remarked, adding that under Tinubu’s watch, governors receive more allocation.

Deputy Speaker of the House of Representatives Benjamin Kalu also commended the President for supporting him politically in 2019, even though they were from different regions.

“Today, he is at the forefront because Nigeria needs him. In 2019, despite not being from his region, he supported me in my most difficult political moment.

Nigeria needs leaders who rise above tribal considerations, and he has demonstrated that,” said Kalu.

Meanwhile, Governor Hope Uzodinma of Imo State praised Tinubu’s “decisive leadership” amid national uncertainties, stating that only a leader with “deep conviction and love for the country” could take the necessary but often difficult steps.

The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijjani, who spoke on behalf of cabinet members, recounted his appointment under the President despite prior activism.

He added that a senior World Bank official had recently described Tinubu as “the best reformist leader in Africa today.

”One of the President’s childhood friends, Professor Shaffideen Amuwo, recalled their early years, attributing Tinubu’s rise to divine providence.

Amuwo said, “Our relationship did not just start in Chicago; we played soccer together as children. While I chose the library, my brother chose politics because he loved to speak.

“Today, Allah has shown His greatness by guiding him to lead Nigeria.

“The city of Chicago, founded by a Black man, has educated the man who now leads the most populous Black nation on earth. I pray that Allah continues to hold his hand and guide him as he works to save our country.

”For his 73rd birthday, Tinubu thanked guests and supporters who have stood by him through periods of doubt and adversity, reaffirming his resolve to steer Nigeria toward stability and growth.

Saturday night’s event was attended by the First Lady, Senator Oluremi Tinubu; Vice President Kashim Shettima and his wife, Nana; members of the Federal Executive Council; principal officers of the National Assembly; current and former governors; diplomats; business leaders; religious figures; and several of the President’s childhood friends.

The Imam of the National Mosque, Abuja, Dr. Abdulkadir Sholagberu, led prayers seeking divine guidance for the President and the nation.

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Lynched Edo travellers: Governors move against reprisals as 16 slain hunters buried

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Tears flowed on Saturday in Uromi, Edo State, as the remains of the hunters who were lynched by a mob were interred.

Members of the Hausa community converged on the community cemetery to pay their last respects to the victims, who were burnt to death on Friday after being accused of being kidnappers.

It was earlier reported that the men were travelling in a Dangote Cement truck when they were intercepted around 1.30pm by local security guards.

After the guards searched the truck and found dane guns, they raised the alarm, which triggered the mob attack.

19 hunters buried’

A video of the funeral rites posted on X by a security analyst, Zagazola Makama, showed the moment the victims were buried.

The 1 minute 29 seconds clip captured members of the Hausa community in a solemn mood as the wrapped corpses were placed beside large graves.

The man filming the burial, who spoke in Hausa, said, “Assalamualaikum, this time we will pray for the bodies of our brothers who were killed for us—those who were massacred. May God bless them with mercy, forgive them, and accept their martyrdom for the sake of Prophet Muhammad (pbuh).

“Here is the Muslim community; they have gathered now and will be offering funeral prayers for our brothers who were killed. Now, we will offer the prayer for them.

”An imam subsequently began praying on the bodies, marking the commencement of the rites.

The man behind the filming said the death toll had increased to 19.

“Remember yesterday (Friday): the bodies of three people were brought to us, and we were able to pray for them. But now, 16 more corpses have also been brought, and we will pray for them. May God Almighty forgive them.

“Look at their graves here. Because there are so many of them, it is not possible to dig individual graves for each one. Instead, they will be buried together in one place,” he stated.

The security analyst, Makama, said a mother clutched to the grave’s edge as she lamented the killing of her son.

“My son was not a kidnapper! He was just in the wrong place at the wrong time!” she sobbed.

He also said a father held to the photograph of his slain son.

The Ojuromi of Uromi, Anselm Aidenojie II, who visited the Hausa community alongside Edo State Governor, Monday Okpebholo, during the burial, condemned the killings, noting that security agencies were taking measures to avert reprisals.

Aidenojie stressed that those responsible for the killings would be brought to justice.

“They (the victims) have been buried, and hopefully, this will never happen again in our community or anywhere else,” he added.

The Police Public Relations Officer, Moses Yamu, in a statement, had said 14 suspects were arrested in connection with the incident.

Northern governors move to stop reprisals

Meanwhile, it was gathered that northern governors had started making moves to strengthen peace and forstall reprisals in the region.

The Director-General (Press Affairs) to the NGF Chairman and Governor of Gombe State, Ismaila Misili, said, “Let me unequivocally state that there is no tension in the North over the unfortunate incident in Edo State.

“Recall that northern governors, through their Chairman and Governor of Gombe State, Muhammadu Inuwa Yahaya, had already issued a statement calling for calm and restraint.

“Individual governors in the North have also proactively engaged with relevant stakeholders to ensure peace, especially ahead of the Eid el-Fitr celebrations.

“Religious leaders also continue to promote peaceful coexistence and discourage any actions that might disrupt the harmony we have worked diligently to establish.

”Also, the Nasarawa State Government, while condemning the killings, called on security agencies to prosecute the perpetrators.

The Senior Special Assistant to Governor Abdullahi Sule on Public Affairs, Peter Ahemba, said security agencies had been placed on red alert to safeguard all 13 LGAs in the state.

He urged residents to remain calm and law-abiding, warning that anyone found disturbing the peace would be arrested.

“Governor Abdullahi Sule has said that no matter what, we must maintain peace in Nasarawa State. We have no room for such dastardly acts as seen in Edo.

“Security agencies have been placed on red alert to ensure that nothing untoward happens anywhere in the state regarding any reprisal attacks,” he said.

But the Borno State Government said it was still assessing the situation.

Speaking with newsmen, the Commissioner for Information and Internal Security, Usman Tar, said the state had yet to receive any directive from the Northern Governors’ Forum.

Meanwhile, the Borno State Police Command said it had stepped up security patrols for the Sallah celebration.

The command’s spokesperson, ASP Nahum Daso, said strategic police deployments had been made to maintain order.

“What we currently have on the ground is Sallah preparation. We have deployed personnel in strategic positions. We are also conducting a show of force, which involves patrolling to ensure visibility.

This will help prevent any incidents that could lead to unrest, particularly those with religious undertones,” Daso said.

Politician places bounty on suspects

On social media, there was palpable anger among the Arewa on Saturday as some individuals also took to X, sharing images of some of the suspected attackers and placing N1m bounty on them.

A Social Democratic Party member based in Abuja, Ibrahim Sanusi, was among those spearheading the movement.

While posting on his verified X handle, he wrote, “N1million reward for anyone who can identify these criminals and provide information leading to their arrest. If you have any information, please come forward. #JusticeForUromi16.”

As of the time of filing this report, over 1,500 tweeps had retweeted the post, while it had gathered 3,600 likes and 124 quotes.

However, the Coalition of Northern Groups and the Arewa Youths Consultative Forum condemned the resort to self-help, warning that it could escalate tension across the country.

The CNG National Coordinator, Jamilu Charanchi, acknowledged that while the killing of innocent hunters was reprehensible, law enforcement agencies must be allowed to handle the matter.

“All we demand is for the police to expedite investigations so that the real perpetrators can be identified and brought to justice. This will help reduce tensions in the North,” he stated.

Charanchi further argued that no individual or group had the right to place a bounty on anyone, stressing that the law must take its course.

Similarly, the AYCF President, Yerima Shettima, cautioned against any form of retaliation, stressing that justice must be pursued within the framework of the law.

Northerners petition Tinubu, IGP, othersMeanwhile, Sanusi and over 100 others have launched a petition on Change.org, addressed to President Bola Tinubu and the Inspector General of Police, Kayode Egbetokun; the National Security Adviser, Nuhu Ribadu, and Edo State Governor, Okpebholo.

As of 7pm on Saturday, no fewer than 273 people had signed the petition, demanding justice for the victims.

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Dangote Feeds 40,000 Families in Borno

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No fewer than 40,000 families may benefit from the Aliko Dangote Food Intervention Programme.

Borno State Governor Prof. Babagana Umara Zulum said the donation of 40,000 bags of 10kg rice to the people of Borno State by the Aliko Dangote Foundation(ADF) will help cushion economic hardship in these families.

The Governor made the statement at the flag-off of the Food Intervention Programme on Wednesday in Maiduguri, Borno State capital.

The Aliko Dangote Foundation penultimate week commenced the distribution of one million bags rice worth N16billion across the 774 local government areas in Nigeria.

The Governor was represented by the Director General of Borno State Emergency Management Agency(SEMA) Mr. Ali Abdullahi Isa.

He said: “Today marks a significant milestone in our collective efforts to alleviate the suffering of our people, particularly during the holy month of Ramadan.”

The Governor said the generous donation is a testament to the Foundation’s commitment to supporting vulnerable communities and promoting social welfare.

“We are deeply thankful to Alhaji Aliko Dangote and the entire foundation for their kindness and philanthropy.

”He urged the people of Borno State to continue to pray for peace, stability, and prosperity of the state and country.

In his early remarks, representative of the Aliko Dangote Foundation, Mr. Usman Muhammad, said the gesture is aimed at supporting government effort, adding that the Foundation focuses on improving the living conditions of Nigerians.

Mr. Muhammad said the donation is targeted at the poor and the vulnerable persons in the State.

A beneficiary, Ms Aisha Modu, 50, said as a displaced person, the donation of rice by the ADF will go a long way in alleviating her economic hardship.

In the same vein, another beneficiary, Umaru Aliyu, 60, said he will use the rice to feed his six children, while praying God to continue to bless the chairman of the Aliko Dangote Foundation.

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