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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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Ekiti APC Primary: Akinlayo Davidson Dismisses Thuggery Allegation

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The member representing Ekiti North Federal Constituency II in the House of Representatives, Akinlayo Kolawole Davidson, has dismissed allegations linking him to the sponsorship of thugs to disrupt the forthcoming All Progressives Congress (APC) primary election in Ekiti State.

 

In a statement issued on Thursday, the lawmaker described the allegation as “malicious, baseless and misleading,” accusing political opponents of attempting to tarnish his reputation ahead of the party’s primary election.

 

According to the statement, Hon. Davidson remains committed to peaceful and credible democratic processes and has never encouraged or financed violence in any form.

 

The lawmaker stressed that he is a loyal member of the APC who has consistently advocated transparent and violence-free elections within the party and beyond.

 

He further stated that he remains the only aspirant in Ekiti North Federal Constituency II to have campaigned across all the 32 wards in the constituency, where he engaged directly with party members and stakeholders on issues affecting development, unity and progress.

 

The statement added that his grassroots support and acceptance across the constituency make any resort to violence unnecessary and contrary to his political beliefs.

 

Hon. Davidson also denied any connection with individuals allegedly arrested over acts of thuggery, insisting that they are not members of his campaign structure.

 

The statement claimed that available information indicated that the suspects were non-state actors allegedly working with and on the payroll of the state government, adding that attempts to link them to the lawmaker were deliberate efforts to mislead party members and the public.

 

While calling on party supporters to disregard the allegation, the federal lawmaker urged security agencies to remain vigilant and investigate individuals spreading falsehood capable of creating tension within the APC.

 

He reaffirmed his commitment to peace, party unity and the continued development of Ekiti North Federal Constituency II and Ekiti State at large.

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City Boy Movement Calls for Peace Ahead of APC Primaries in Ekiti

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The City Boy Movement has appealed to aspirants, party leaders and supporters participating in the All Progressives Congress (APC) National and State Assembly primary elections in Ekiti State to embrace peace and shun violence during the exercise.

 

 

In a statement issued in Ado-Ekiti on Friday by the Director of Media and Communications of the movement, Alofe Ayodele Moses, the group urged all stakeholders to conduct themselves with restraint and maturity as the primaries commence.

 

 

The movement stressed the need to preserve the peaceful atmosphere currently being enjoyed in the state under the administration of Governor Biodun Oyebanji, noting that no political ambition should lead to bloodshed or crisis within the party.

 

 

According to the statement, the APC was founded on the principles of justice and equity, expressing confidence in the party leadership to conduct a fair, transparent and credible primary election.

 

 

The group stated that democracy thrives on healthy competition rather than intimidation, violence or desperation, adding that all aspirants and their supporters should place the collective interest of the party above personal ambitions.

 

 

The City Boy Movement also urged contestants and their supporters to peacefully accept the outcome of the primaries and avoid actions capable of overheating the political atmosphere in the state.

 

 

 

It further called on security agencies and party officials to remain proactive and impartial in maintaining law and order before, during and after the exercise.

 

 

 

The statement added that temporary political differences should not be allowed to divide members of the party, stressing that all stakeholders remain part of the same progressive family despite the contest.

 

 

 

The movement wished all aspirants success in the primaries and expressed optimism that the exercise would strengthen the unity, stability and electoral fortunes of the APC in Ekiti State.

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Ekiti Police, INEC Meet APC Aspirants Ahead of Reps Primaries

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The Inter-Agency Consultative Committee on Election Security (ICCES) in Ekiti State has warned aspirants contesting the forthcoming All Progressives Congress (APC) House of Representatives primaries against violence, thuggery and hate speech ahead of the exercise scheduled for Friday, May 15, 2026.

 

The warning was issued during a stakeholders’ meeting held on Thursday at the Police Headquarters in Ado-Ekiti, where security agencies and electoral officials met with APC aspirants participating in the primaries.

 

The meeting was attended by the Resident Electoral Commissioner (REC) of the Independent National Electoral Commission (INEC) in Ekiti State and Chairman of ICCES, Bunmi Omoseyindemi, alongside the Ekiti State Commissioner of Police and Co-Chairman of ICCES, Falade Adegoroye Micheal, as well as other members of the committee.

 

Speaking at the meeting, Omoseyindemi said the gathering became necessary to ensure peaceful, free, fair and credible conduct of the primaries. He urged aspirants to avoid acts capable of causing breakdown of law and order before, during and after the election.

 

The REC specifically cautioned politicians against the use of thugs, violence and inflammatory statements, stressing that all stakeholders must work together to sustain peace and democratic stability in the state.

 

Also addressing the aspirants, Commissioner of Police Falade disclosed that security agencies had received intelligence reports indicating that some individuals were allegedly planning to disrupt the primaries.

 

He warned that anyone found engaging in violence or any act capable of jeopardising the peaceful conduct of the exercise would be arrested and prosecuted in accordance with the law.

 

Other ICCES members also advised the aspirants to embrace peace and conduct themselves responsibly throughout the electoral process.

 

As part of resolutions reached at the meeting, all aspirants signed an undertaking committing themselves to maintaining peace, political stability and democratic order before, during and after the APC primaries.

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