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Continuous Borrowing May Force Nigeria Into Avoidable Bankruptcy – PDP Governors

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Governors elected on the platform of the Peoples Democratic Party (PDP) on Monday raised an alarm over the rate at which the All Progressives Congress (APC) is borrowing money to fund projects in the country.

This formed part of the resolutions reached at the end of the meeting of the PDP Governors’ Forum held in Uyo, the Akwa Ibom State capital.

“Money should only be borrowed for productive purposes as Nigeria’s current debt of over N36 trillion is becoming clearly unsustainable relative to our earnings and GDP.

“We should not saddle incoming generations with an undue debt burden. The borrowing spree of the APC administration if unchecked will certainly lead Nigeria into avoidable bankruptcy,” a communique issued at the end of the meeting read in part.

The governors decried that the debt profile of Nigeria with over 80 per cent of normal appropriation spent on debt servicing was rising and becoming uncontrollable.

They stated that all the gains of the PDP government under former President Olusegun Obasanjo when the nation exited its foreign debt obligations had been destroyed.

The governors accused the present administration of borrowing for frivolous items, stressing that such an action was scandalous.

They faulted the operational system and methods of the Central Bank of Nigeria (CBN) which they claimed was functioning as an independent government-within-a-government.

“A situation where CBN creates money, decides how much of it to spend, on what to spend it on without any form of controls or supervision is patently subversive of our constitutional order.

“It has become not just a leviathan, but also a Father Christmas of sorts, dabbling into every sphere and scope of governmental activity, not just as a lender of last resort, but as a full executing agency of government,” the communique read.

It added, “The meeting observed that the CBN has become such an octopus that it threatens state governments publicly, without decorum, about sanctions on any attempt to question its Modus Operandi. The CBN should take immediate steps to halt the depreciation of the naira.”

On Insecurity
The governors also called for the decentralisation of the operations of the security apparatus of the state, even within the existing legal framework.

They explained that the move became necessary in the face of the disturbing spate of insecurity in the land, to ensure the input of local operators in state and local governments in policing and security.

The governors decried that President Muhammadu Buhari seemed not to be aware that the coercive instruments of state security were firmly within his hands and not the governors, considering his recent media interview on the subject.

They reminded the President that he has ultimate authority under the Constitution over the security organisations, even though the states have a role to play.

The leaders believe cooperation and synergy between states and the Federal Government in security operations were critical in securing the nation and its people.

They stated that despite being on the Exclusive List, the states spend huge sums of money to support the police and other security agencies to carry out their duties.

The governors called on the National Assembly to expedite action in passing the Electoral Act and Constitution amendments to ensure restructuring and decentralisation of governmental powers and functions.

 

 

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Politics

Ododo, Okpebholo Rally Kogi, Edo Indigenes in Osun Behind APC Candidate

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Kogi State Governor, Alhaji Ahmed Usman Ododo, FCA and his Edo State counterpart Gov. Monday Okpebholo, on Wednesday led a massive mobilisation of Kogi indigenes and other non-indigenes resident in Osun State in support of the All Progressives Congress (APC) governorship candidate, Asiwaju Munirudeen Bola Oyebamiji (AMBO), ahead of the August 15, 2026 governorship election.

Speaking at the rally, Governor Ahmed Usman Ododo urged Kogi indigenes and other non-indigenes resident in Osun State to reciprocate the developmental strides of President Bola Ahmed Tinubu, GCFR, by voting overwhelmingly for the APC governorship candidate, Asiwaju Munirudeen Bola Oyebamiji (AMBO), in the August 15 election. He maintained that governance should be judged by tangible achievements rather than rhetoric, insisting that the APC had earned the people’s trust through visible projects and people-oriented policies. “Governance is not by propaganda; governance is a serious business. Our campaign is issue-based. Tell us what your party has done for the people, and we will tell you what the APC has done,” he declared.

Governor Ododo highlighted several landmark interventions of the Tinubu administration in Kogi State, including the approval of the Kogi International Airport, the establishment of a Special Agro-Processing Zone and a Free Trade Zone, the rehabilitation of critical federal roads, improved security support, and increased resources for sub-national development. He described the President as a leader committed to equitable development across the country and called on the electorate not to succumb to intimidation or political deception. “Don’t be intimidated. On August 15, go out, cast your vote for the APC, let your vote count, and show Mr. President our appreciation for his unwavering support to our people,” Governor Ododo charged.

Addressing the Large Crowd of Igala Community in Oshogbo at the rally, the North Central Representative on the TETFund Board of Trustees, Dr. Ocholi Hassan Abdulrahman, passionately called on all Igala sons and daughters resident in Osun State to deliver overwhelming votes for the All Progressives Congress (APC) and its governorship candidate, Asiwaju Munirudeen Bola Oyebamiji, in the August 15 gubernatorial election.

Dr. Ocholi described himself as a living beneficiary of the purposeful leadership of President Bola Ahmed Tinubu, GCFR, noting that his appointment to the TETFund Board was a testament to the President’s inclusive style of governance and commitment to rewarding competence across the country.

He stressed that the Igala Kingdom has recorded significant gains under the APC-led Federal Government and urged the community to reciprocate the goodwill by voting massively for President Bola Ahmed Tinubu in the January 16, 2027 Presidential Election and all APC candidates. According to him, supporting Oyebamiji and Bola Tinubu is not only a vote for continuity and progressive governance but also a demonstration of gratitude for the numerous opportunities and benefits the current administration has extended to the Igala people.

The event was attended by the Governor of Edo State, Monday Okpebholo, the Governor of Ondo State, Lucky Orimisan Aiyedatiwa, and other top APC leaders, who reaffirmed the party’s determination to secure victory at the polls.

The rally attracted a massive turnout of APC faithful, Kogi indigenes, market women, youth groups and other non-indigene communities, all of whom declared their readiness to deliver overwhelming votes for Asiwaju Munirudeen Bola Oyebamiji in the August 15 governorship election.

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NDC Youths Endorse Former ESUT Pro-Chancellor, Ohaa, for Enugu 2027 Guber Race

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The National Democratic Congress (NDC) Youth Wing in Enugu State has unanimously endorsed the party’s governorship candidate, Mr Chinyeaka Ohaa, for the 2027 general elections.

The endorsement was made during the maiden executive meeting of the NDC Youth Wing held in Enugu on Saturday.

Speaking at the meeting, the State Youth Coordinator, Mr Jideofor Ude, described Ohaa as an “astute public servant” who had served in various capacities in the state and the country.

According to him, Chief Chinyeaka Ohaa served as Accountant General of Enugu State, FCT Permanent Secretary and Pro-Chancellor,  Enugu State University of Science and Technology among other positions.

He called on members to unite behind all candidates fielded by the party, with particular emphasis on Ohaa’s governorship bid.

The meeting was attended by the NDC State Chairman, Mr Ibuchukwu Obetta, and the 17 Local Government Coordinators of the Youth Wing.

Ude expressed appreciation to Obetta for what he described as his strategic leadership and commitment to the growth of the party in the state.

Ude assured the chairman of the youth wing’s commitment to working with the party leadership to advance its objectives and strengthen its grassroots structures across the state.

Outlining the youth’s plans for the election cycle, the coordinator said that activities would commence in earnest in line with the timetable to be released by the Independent National Electoral Commission (INEC).

Ude urged all NDC candidates in the state to collaborate with the Youth Wing in driving grassroots mobilisation and youth participation in the electoral process.

The youth coordinator charged the 17 Local Government Coordinators to be proactive in implementing party programmes at the grassroots to ensure effective youth representation.

Ude further encouraged members to submit ideas and policy contributions ahead of the forthcoming NDC Youth Leadership Summit, where the Youth Wing was expected to unveil key programmes and initiatives for the 2027 elections.

In his remarks, the state chairman, Obetta, commended the youth wing for its dedication and proactive approach to party affairs, pledging continued support for its activities and growth.

He also addressed the ongoing leadership dispute within the state chapter, saying he was pursuing all legal avenues to resolve the matter.

Obetta maintained that he remained the duly recognised State Chairman by the NDC national body and urged members of the youth wing to remain focused and avoid distractions as the party prepares for the 2027 elections.

The meeting also featured the presentation of appointment letters to the Local Government Coordinators.

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Ex-Tinubu Aide Denies Breaching APC Primary Rules, Says He Resigned Before Contest

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Former Senior Special Assistant to President Bola Tinubu on National Assembly Matters, Ibrahim Olarewaju, has denied allegations that he failed to resign his appointment before contesting the All Progressives Congress (APC) primary election for the Ekiti North Federal Constituency II seat.

 

 

 

Olarewaju, who won the party’s primary in May, said he resigned from his position effective March 31, 2026, in compliance with the directive issued to political appointees seeking elective offices.

 

 

 

The clarification was contained in a statement issued on Wednesday in Ado Ekiti by his media office and signed by Moses Owoyemi.

 

 

 

The statement described reports alleging that the former presidential aide breached constitutional and party regulations by participating in the primary election without resigning as “false, misleading and unsupported by facts.”

 

 

 

According to the statement, Olarewaju fully complied with all constitutional, legal and party requirements before contesting the primary election.

 

 

“His resignation as SSA to the President on National Assembly Matters took effect on March 31, 2026, in compliance with the directive issued to political appointees seeking elective office. It is incorrect and misleading to suggest that Olarewaju’s participation in the primary election violated any provision of the law. Allegations, no matter how loudly repeated, do not amount to evidence,” the statement said.

 

 

The media office added that the resignation was a matter of public record and could be independently verified through the Office of the Secretary to the Government of the Federation and published media reports.

 

 

It also dismissed claims that Olarewaju circumvented due process, describing him as a public servant whose career has been marked by integrity, transparency and strict adherence to the law.

 

 

The statement attributed his victory at the APC primary to years of grassroots mobilisation, accessibility and commitment to the people, saying the exercise was conducted transparently and in line with the party’s guidelines.

 

 

It said accredited delegates from Moba, Ilejemeje and Ido-Osi Local Government Areas freely elected Olarewaju as the party’s candidate and commended party leaders, delegates and members for conducting themselves peacefully during the exercise.

 

 

The media office also applauded other aspirants for accepting the outcome of the primary in the interest of party unity.

 

 

It said Olarewaju remained committed to fostering unity within the APC and mobilising support ahead of the 2027 general election, urging members of the public to disregard claims not backed by verifiable evidence.

 

 

 

While acknowledging that post-election grievances were common in politics, the statement advised aggrieved aspirants and their supporters to seek redress through the APC’s internal dispute resolution mechanisms or appropriate legal channels rather than the media

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