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APC vs PDP

The All Progressives Congress (APC) has slammed the Peoples Democratic Party (PDP) for asking President Muhammadu Buhari to resign over the release of data by the National Bureau of Statistics indicating that the economy is in decline.

The APC in a statement by Mai Mala Buni, its National Secretary on Thursday said the statement “is the latest in the Party’s insensitive plot to deflect attention from the voodoo economics and reckless fiscal policies the country was subjected to during its 16-year rule.”

The party assured Nigerians that the Buhari administration remains solidly committed to resuscitating the economy in the quickest possible time and in the best interest of the people.

“For the umpteenth time, the PDP lacks the moral basis and credibility to comment or condemn the government on the economy after the mess it left behind. Instead, the PDP must apologize to Nigerians.

“The warning signs were glaring to the immediate-past administration but it choose the path of economic sabotage by looking the other way and squandering the country’s commonwealth – a reckless decision that has brought the country to its knees.

“Nigerians will recall that even the immediate-past finance minister and coordinating minister of the economy, confessed that the zero political will to save under the immediate-past administration is responsible for the challenges facing the country,” the party said.

On what the President administration is doing to revive the economy, APC said Buhari “has embarked on well- thought economic agendas, policy actions, appropriate fiscal, governance, and socio-political reforms to revamp the economy and tackle the nation’s current challenges in the short to long term.

“Under the new flexible foreign exchange policy introduced by the Central Bank of Nigeria (CBN) in June 2016, we now have a single market-determined exchange rate which enables suppliers of foreign currencies to bring in their money and take the same out at market-determined rates. The new foreign exchange policy being implemented will ensure our economy recovers in the medium to long term.

“As contained in the assented 2016 National Budget, the administration of President Muhammadu Buhari is aggressively formulating and implementing policies aimed at diversifying Nigeria’s economy from oil to other sectors such as agriculture, mining and manufacturing.

“The administration is also proactively tackling increased attacks on oil facilities in the Niger Delta region which has led to disruptions in crude production.

“The President’s shuttle diplomacy has yielded positive effects on the country’s economic policies. As a result, several agreements concluded during the visits are positively impacting on key sectors of the Nigerian economy including power, solid minerals, agriculture, housing and rail transportation.

“The fight against corruption remains a top priority for the President Buhari APC-led administration. In spite of desperate attempts by some partisans to discredit anti-corruption efforts in some quarters, the war against corruption is being won and has been well-received and supported. The generality of Nigerians agree that the days of impunity are over.

“Through the full implementation of the Treasury Single Account (TSA) by the President Muhammadu Buhari APC-led administration, revenue leakages have been greatly plugged.

“The new petroleum products supply and pricing framework which eliminated corruption-tainted subsidy payments has among others greatly solved fuel scarcities by ensuring availability of products at all locations in the country; reduced hoarding, smuggling and diversion substantially and stabilise price at the actual product price; encouraged investments in both Refineries and Retails; provided Government more revenue to address social and infrastructural needs of the country.”

BIG STORY

I’ve Not Declared Interest In 2023 Presidential Race —– Osinbajo

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The Office of the Vice President says permutations around the 2023 presidential race are a distraction as Vice President Yemi Osinbajo has not declared interest to contest.

Laolu Akande, the spokesperson to Mr Osinbajo, said in a statement on Monday in Abuja that the Office of the Vice President had no connection with an online attempt to rally support for him (Osinbajo).

“The attention of the Office of the Vice President has been drawn to a website: supportosinbajo.ng that is calling on Nigerians to join a volunteer group mobilizing support for Osinbajo ahead of the 2023 presidential election.

“Details of this website and the solicitation of the group are currently trending on WhatsApp with a suggestion that Osinbajo has “quietly” declared interest in the 2023 election.

“The Office of the Vice President is not in any way connected to this website or the group behind it and considers such an enterprise an unnecessary distraction.

“Osinbajo has not declared any interest whatsoever in the 2023 election; but he is rather focused on working in his capacity as vice president in the current administration to address all the compelling issues in the country and concerns of Nigerians, including finding effective and lasting solutions to the security challenges.

“Therefore, we ask that people desist from such unhelpful permutations while we all deal together with the challenges confronting us as Nigerians, and resolve them for the benefit of our people, peace, and prosperity in the land.’’

Mr Osinbajo was the running mate of President Muhammadu Buhari in the 2015 and 2019 presidential elections.

He had served as attorney general and commissioner for justice in the administration of former Lagos State governor, Bola Tinubu, who is reputed to be his political ally.

There are indications that Mr. Tinubu is warming up to run for president in 2023, though he is yet to confirm it.

 

(NAN)

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BIG STORY

BREAKING: EFCC Takes Over Nestoil Boss, Ernest Azudialu’s Ikoyi Residence

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Nestoil and NECONDE Boss, Ernest Azudialu, is caught up in the turbulence of steep and unforgiving commerce and the sad fact is that he lacks the instinct and judgment required to wade through the scary storm.

Yes, the truth dawned on the Anambra State-born flamboyant dude in a moment of profound terror.

According to The Capital, Azudialu’s massive mansion located in the pristine and prosperous Modupe Alakija Crescent formerly known as Ikoyi Crescent has been sealed by the Economic and Financial Crimes Commission, EFCC.

A reporter who was at the house affirmed that the anti-graft agency’s red ink embarrassingly announcing that the property was under investigation is boldly written on the building.

Whether Azudialu and his family can access the home is, however, not certain as at press time. What is sacrosanct, though, is that the property he calls home is now a subject of investigation by the EFCC.

This is coming at a time when the residents of the very serene and exclusive neighbourhood and Lagosians conversant with happenings in high society felt that what happened to Festus Fadeyi, the chairman of Pan Ocean Corporation, an indigenous independent oil and gas company, would not have an encore there. Fadeyi’s mouth-watering mansion, which had served as his family home for several decades in the same street, was confiscated by the Assets Management Corporation of Nigeria, AMCON, last year. The federal government agency took over Fadeyi’s Pan Ocean Corporation’s assets and its subsidiaries over bank loans totaling about N240billion.

Now, it is the turn of Nestoil’s Azudialu. This has left high-profile residents of Ikoyi shell-shocked because he was perceived to be a decent businessman despite his la Vida loca lifestyle. Although the reasons behind the EFCC’s action are sketchy, there are speculations that he is under investigation for financial crimes.

A while ago, he ran into stormy waters with a foremost commercial bank, which solely financed his Nestoil Towers straddling Akin Adesola and Saka Tinubu Streets in Victoria Island.

The allegation then was that he defaulted in servicing the facility that he obtained to build the towers.

In the past dispensation of former President Goodluck Jonathan, he benefited from juicy contracts and basked in luxury accruable from his position as Nestoil boss and a player in Nigeria’s oil industry. As cool cash flowed into his accounts, Ernest developed a taste for expensive luxury and soon he was known for his obsession with aircraft and his penchant for acquiring private jets and pricey automobiles.

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BIG STORY

Okorocha To FG: Give Me N76billion And I’ll Create One Million Jobs From Cattle Business

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Rochas Okorocha, former governor of Imo state, says he can create one million jobs from cattle rearing if provided with the financial capital.

In recent times, Nigeria has witnessed a spate of farmers-herders crisis in many parts of the country, which has led to the loss of lives and property.

As a result of the crisis, 17 southern governors, last Tuesday, resolved to ban open grazing in their region, after a meeting in Asaba, Delta state.

Speaking on the development in an interview on Sunday Politics, the senator representing Imo west said the country should look into the business of cattle rearing, noting that billions by not handling it well.

“Let me talk to Nigerians for the first time as a businessman. Do you know how many billions of dollars this nation is losing by not handling this business of cattle well in the Federal Republic of Nigeria,” he said.

“This business of cattle can create one million jobs for Nigerians, if well-managed. I wish Nigerians can call me or the government will call me and say Okorocha this seventy-six billion.

“We want to give you, it is your share, take it and fix the cattle business. If I do not create one million jobs within the shortest time, just know I’m not Rochas.

“This is business. See money and people are just joking with it. We used to be exporters of leathers, skins. What about dairy products and milk?

“Assuming we have this business, do you know how many welders and fabricators will build body carriers for the cows, while we import the head from China and fix it.”

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