News
Moghalu says economy better under PDP, presidency faults claim
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.”
News
Akwa Ibom APC Adopts Governor Umo Eno for Second Term Bid
The All Progressives Congress (APC) in Akwa Ibom State has thrown its weight behind Governor Umo Eno as its candidate for the 2027 governorship election, paving the way for his second-term ambition under the ruling party.
Governor Eno, who defected from the Peoples Democratic Party (PDP) to the APC in 2025, formally submitted his nomination and expression of interest forms for the APC governorship primaries in early May 2026. He described the second term as necessary to complete ongoing projects and consolidate the gains of his ARISE Agenda.
Speaking after submitting the forms in Abuja, Governor Eno called on APC members to support his nomination during the primaries, expressing confidence that his administration’s developmental strides would earn him the party’s backing and the people’s mandate.
“I have just submitted the nomination form. We call on members of APC to support our nomination during the primaries, as we will continue to pray and trust God for more development to thrive in the state,” he said.
Several APC stakeholders and local government chapters in the state have already endorsed Governor Eno’s second-term bid, describing it as a move for continuity and project completion. The governor has repeatedly highlighted numerous ongoing infrastructure and developmental initiatives that require additional time to deliver maximum impact.
The development marks a significant political realignment in Akwa Ibom, as Eno positions the state under the APC platform ahead of the 2027 elections.
Party sources indicate that the APC leadership is working towards a smooth process for the governor’s emergence as the party’s flag bearer, though the formal primaries are yet to be held.
Governor Eno was first elected in 2023 under the PDP before switching to the APC.
News
Lagos Captures 6.4 Million Residents in Major Digital Identity Drive
The Lagos State Government has successfully registered over 6.4 million residents into its digital identity database, marking a significant milestone in its efforts to enhance governance, planning, and public service delivery.
The achievement was announced under the Lagos State Residents Registration Agency (LASRRA) and the Lagos Identity Card Project (LAG ID). According to officials, the initiative aims to create a comprehensive, reliable database of residents to improve targeted service delivery, urban planning, and overall governance efficiency.
Commissioner for Science, Technology and Innovation, Mr. Olatunbosun Alake, who provided the update, described the Lagos Identity Card Project as a critical tool for the state’s digital transformation agenda. He emphasized that the captured data will support better resource allocation and more effective delivery of government services.
The exercise forms part of Lagos State’s broader push toward a digital economy, enabling smoother access to services such as healthcare, social welfare, transportation, and other citizen-centric programmes. Officials noted that the database will help in accurate planning for infrastructure and social interventions.
With Lagos being Nigeria’s most populous state, estimated to have over 20 million residents, the registration of 6.4 million people represents a substantial step forward, though authorities say efforts are ongoing to capture more residents.
The state government has reiterated its commitment to data-driven governance and urged residents yet to register to take advantage of the ongoing exercise for better inclusion in government services.
News
EFCC Invasion Forces Uni. Uyo Teaching Hospital to Suspend Operations (Video)
Operations at the University of Uyo Teaching Hospital (UUTH) were dramatically disrupted on Wednesday after operatives of the Economic and Financial Crimes Commission (EFCC) allegedly invaded the facility, detained some management staff, and assaulted others, prompting the hospital to suspend services.
The Chief Medical Director of UUTH, Dr. Emem Bassey, told journalists that the unannounced raid created a hostile environment, forcing the hospital management to halt clinical services to ensure the safety of both staff and patients. The Accident and Emergency Unit, however, remains operational.
Dr. Bassey expressed disappointment over the incident, noting that the hospital had maintained cordial relations with the EFCC and was fully cooperating on the matter under investigation. He revealed that the requested report had already been prepared and was awaiting his signature when the operatives arrived.
“The use of force and detention of staff was unnecessary,” Dr. Bassey said. “Dialogue would have resolved this issue peacefully.”
Professor Eyo Ekpe, Deputy Chairman of the Medical Advisory Council, who was reportedly among those assaulted, described the EFCC’s action as an “unprovoked invasion.” He claimed he had shown the team leader the completed report before the situation escalated into violence.
The hospital management has called for an independent investigation into the incident and urged the EFCC to use proper channels when engaging with public institutions.
In an earlier statement, the EFCC said its operatives were attacked and trapped inside the hospital while conducting an operation linked to an ongoing fraud investigation. The case reportedly involves a suspect accused of defrauding multiple microfinance banks in Akwa Ibom State.
The development has raised concerns about the impact on healthcare delivery in the region, with patients and staff caught in the middle of the confrontation between the anti-graft agency and the hospital.
As of Thursday, normal services at the hospital remained suspended pending further resolution.
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