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.”
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.
2023 General Elections: No aspirants ‘ll leave APC after primaries, says APC Chair, Adamu
The National Chairman of All Progressives Congress (APC), Senator Abdullahi Adamu has assured that no aspirants will leave the party after the party’s primaries, which are now slated for May 26th through 30th.
Adamu stated that the ruling APC does not only want to win but also wants to win big in 2023.
He made the assurance on Saturday while addressing a group of party members in the diaspora at a global virtual town hall session on “Intra-Party democracy for the Emergence of Best Candidates.”
The programme, themed, “Democracy in Nigeria: Mobilizing Global Support for Progressives and Continuity,” was organized under the auspices of the APC Ward-to-ward Diaspora Network in collaboration with the APC Ward-to-ward Ambassadors.
The Chairman said, “Directly I want to tell you that after the primaries, non of the contestants of aspirants will leave the party.
You can see unlike the other parties extending weight, in our party all our aspirants are calm. Everybody is going left and right, trying to win votes for themselves.
Adamu, who was represented as a Special Assistant, Prof. Abdullahi Yau, added, “I can assure you this is the most interesting part; the number of people that are contesting and they are going to give everybody a playing level ground where you can exercise your right as a Nigerian to contest.
“And at the end of the exercise, just as what happened in the National convention, you see that everybody will be satisfied with whoever that emerges from the primaries.”
He said, “Unless you have a process that is not well coordinated, a process that is marred by irregularities that’s when people will be aggrieved and would want to leave the party.
If you’re allowed to exercise your right and you think there’s fairness in what’s going on in the party and you lose, I don’t think you would want to leave the party.
“I assure you even if we are going to have such a scenario, where we are going to have aggrieved members after the primaries, the Chairman and stakeholders of the party will ensure they reconcile everybody after the primaries,” he added.
He, however, said all aspirants would be listened to by a high-power delegation of the committee if there’s a tangible reason why they are complaining after the party’s primaries.
Osun 2022: Oyetola Campaign Council appreciates Ooni, Ife monarchs, residents for massive turnout
Osun not for sale to highest bidder, Oyetola campaign council replies Adeleke, PDP
...warns him not to overheat polity
The Adegboyega Oyetola Campaign Council has described as absurd, unthinkable and totally unacceptable the boast by the Peoples Democratic Party, PDP, governorship candidate, Senator Ademola Adeleke that he had acquired enough money in hard currencies to buy Osun and its people for the July 16 Governorship contest.
In a statement signed by its Director-General, Senator Ajibola Bashiru, the Campaign Council declared that Osun was not for sale to the highest bidder, just as it noted that on daily basis, the PDP candidate is proving to the Osun electorate that he had nothing to offer.
Senator Ademola, the PDP candidate had over the weekend during the party’s Osun Central Campaign rally, said “Osun people, you are the ones to decide. If it is about money, I have enough. I came with plenty money (hitting his pocket with his right hand). And it is not only naira, I came with dollars, pounds and Euro. This time around in Osun, it is fire for fire.”
Reacting to Ademola’s comment, the Oyetola Campaign Council said: “Osun people are not gullible. We have left them in no doubt of the quality our party, the APC and our Administration are made of, including the capacity of our candidate to deliver in the past three and half years. We have proved through our inclusive governance strategy that our people are our strength and that we do not take them for granted and we will never take them for granted. This explains why in spite of the way the 2018 election went, our administration began infrastructure intervention from Ede, the hometown of the PDP candidate.
“Osun people are enlightened, they Know that the State and its citizens are not up for sale to the highest bidder. Therefore, the PDP candidate should keep his money. Or better still, he could deploy those resources to establish industries to provide jobs for the people. This way, he will also be supporting the present Administration’s noticeable efforts in the last three and half years to industrialise the State and change its narrative as a Civil Service State, to one bubbling with economic activities.
“It is on record that the Oyetola-led administration has since inception taken concrete steps to open up the State for investments, and has been able to attract a number of investments into Osun, contributing to the economic growth of the State.
“We assure the PDP candidate that, like the Administration did to other players in the private sector, we will provide a level playing ground for his business to thrive and ensure Osun and its people derive maximum benefit from the investment.
The Campaign Council also cautioned Adeleke against overheating the polity with his incendiary comments and violent tendencies, wondering what he meant by saying ‘it’s fire for fire this time around’.
“As a responsible party, we urge Senator Adeleke and his party to embrace peaceful conduct and decorum in their political engagements and electioneering. We must avoid any comment or action that can jeopardise the peace and stability of our State,” the dded.
NAICOM unveils real-time platform for deep penetration, efficiency
ShareThe National Insurance Commission (NAICOM), has automated insurance industry activities with the unveiling of a new platform to deepen the...
Arsenal smash Everton in six goal thriller but settles for Europa League
ShareArsenal finished the season with a 5-1 win over Everton on Sunday but the win was not enough to dislodge...
Man City retain title with stunning Villa fight back
ShareManchester City staged a sensational comeback from 2-0 down to retain the Premier League title with a dramatic 3-2 win...
City’s EPL title win ends Liverpool’s quadruple dream despite trouncing Wolves
ShareLiverpool narrowly missed out on the Premier League title and the chance of winning a historic quadruple despite a 3-1...
2023 General Elections: No aspirants ‘ll leave APC after primaries, says APC Chair, Adamu
Share The National Chairman of All Progressives Congress (APC), Senator Abdullahi Adamu has assured that no aspirants will leave the...