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PDP Blasts Osinbajo For Allegedly Falsifying Facts On Nigeria’s Debt Profile

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The Peoples Democratic Party (PDP) has called on Vice-President Yemi Osinbajo to refrain from bandying figures that he cannot substantiate, as regards the nation’s debt profile, which it said escalated to a frightening proportion under the President Buhari administration.

The main opposition party also said that it amounts to a huge disservice to the country if a person of such high office of the vice-president would allow himself to be used to distort figures to deceive Nigerians.

Osinbajo had last Saturday at the 9th Public Lecture of Sigma Club at the International Conference Centre, University of Ibadan, said that the Buhari-led administration inherited a debt of $63 billion and has only borrowed $10 billion since it took office in 2015.

He had said: “In 2010, our debt was $35 billion, $41 billion in 2011, $48 billion in 2012, $64 billion in 2013, $67.7 billion in 2014, $63.8 billion in 2015, $57.8 billion in 2016, $70 billion in 2017 and $73 billion in 2018.

“The nation’s debt as at today was $73 bilłion, an increment of $10 billion from the $63 billion inherited in 2015.”

He said the nation’s oil earnings was $119.8 billion between 1990 and 1998, $481 billion from 1999 to 2009 and $381 billion from 2010 to 2014, while the present administration has only earned $112 billion from June 2015.

“The earnings from oil from 2010 to 2014 were the highest recorded in the history of the country. This is a period when the price of oil per barrel sold from $100 to $114,” he said.

But the National Publicity Secretary of the PDP, Mr. Kola Ologbondiyan, while addressing a press conference Wednesday in Abuja, said that in a desperate attempt to divert attention from the failures of the Buhari administration, Osinbajo falsified financial templates to argue that this government has no blame in the accumulation of debts under its watch.

He stated: “The PDP also wishes to bring to the attention of Nigerians the deliberate distortion of facts by Vice-President Yemi Osinbajo regarding the nation’s debt profile, which escalated to a frightening proportion under the Buhari administration.

“It is an incontrovertible fact that the Buhari administration has accumulated more debts than any other administration in the history of our nation.

“Our dear vice-president forgot that Nigerians are aware that between 2016 to 2017 under President Buhari, our annual borrowing was about N3.7 trillion as against the N1.04 trillion annual borrowing perimeter between 2008 to 2015. Between 1999 and 2007, the annual borrowing perimeter was as low as N96 billion.

“To deceive the public and divert attention to the alarming borrowing spree of the Buhari administration, the APC-led federal government converted domestic debt borrowed in naira under its watch to the US dollar so that the very high exchange rate will make the domestic debt look smaller in dollars.

“This is a deceptive picture because the domestic debt was accumulated in naira and not in dollar.”

Ologbondiyan pointed out that the domestic debts of states were not part of the database until 2013, and therefore, a sincere comparison of debts over the years should have focused on total external debt and federal government’s domestic debt.

According to him, “In view of the above, if Vice President Osinbajo, a professor of law, was not being economical with the truth, the appropriate comparison should be to have the domestic debt in naira and convert the external debt to naira to get national debt for each of the years, which shows that the Buhari administration has accumulated more debts than any other administration.”

“We, therefore, charge the vice-president to refrain from bandying figures that he cannot substantiate, in an attempt to score cheap political points. Nigerians have moved beyond the lies, deception, propaganda, and beguilement of the APC. It amounts to a huge disservice to our nation if a person of such high office of the vice-president will allow himself to be used to distort figures to deceive Nigerians,” he said.

Ologbondiyan added that the party would not allow itself to be dragged down into the marshes of propaganda, smear campaign, lies and deceit of the fading, discredited and rejected APC.

Ologbondiyan said that the party will proffer direction to reduce the cost of governance and release funds for development purposes; cut harsh tariff and tax regimes, eradicate corruption and engender enabling environment for business to thrive in a manner that will strengthen the naira and restore investor confidence in the country’s economy.

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Aimart Realtors To Reward Customers In Season’ Promo Draws

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Aimart Realtors, one of Nigeria’s premium real estate management and development company, will be hosting the grand finale of her special season’s promo on the December, 14th, 2019. The event which will take place at Air force Officers Mess, No 1 kofo Abayomi Lagos will see winners emerge from various categories of a promo many observers regard as top-notch in this season of a giveaway.

The current Aimart Realtors Promo does not just have huge reductions in the prices of houses and plots of land at all Aimart estates in Ibeju-Lekki and Lagos Mainland, there is a special top-up as customer who makes deposits for any package will smile home with lots of goodies to celebrate this year’s yuletide holidays and new year season.

In a statement issued by the company, the Managing Director Mrs. Oluwabukola Iluyomade, stated that the organization wants to excite all Nigerians during this season as they take advantage of the heavy discount on various packages in all their estates across different parts of Lagos.

In her words, “the vision of Aimart Realtors is to be a one-stop solution in the global real estate business. Besides, we are equally poised to provide precise, accurate and affordable real estate services that guarantee human dignity, wealth creation, and preservation for our esteemed customers.

“As the season approaches, we decided to provide this icing on the cake for all, right from the first day of October we started the promo till this December that we are ending this special promo”

She added that the excitement of this event is meant to wow everyone and set the stage for a bigger, better and fun-filled new year,

Since its establishment years ago, Aimart Realtors has successfully provided client-oriented solutions and real estate portfolios that offer optimized shelters for both individuals and businesses.

Over time, the company has remained consistent with its vision as “a one-stop solution provider in the global real estate business” and thus continues to design, conceptualize, build and manage decent and affordable residential, office, commercial accommodations that are excellent for habitation and investment.

The company has also created a top-notch standard in delivering worry-free-homes to customers at home and in the diaspora. Giving optimum value to virtually all her clients.

In all her jobs and activities, Aimart Realtors has maintained a clean record of delivering exceptional services in all areas of land documentation, survey plan, C of O and gazette processing and these have kept customers coming back with great satisfaction.

Interested customer who desired to end 2019 in grand style with the acquisition of land and homes at affordable prices should contact Aimart realtors on the following 234 1 2932213 +23481280794
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Esther Ijewere Wins Social Innovation Award

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For her outstanding contribution in the empowerment of the female gender for self sustainable  through the provision of capacity building platform to help women for the discovery and accomplishment of goal, both at the grassroots and social level, Esther Ijewere, founder of Rubies Ink Initiative for Women and Children and editor-in-chief of multiple award-winning blog Women of Rubies, has won the Social Innovation Award at the recently-held Voice of Women Conference organized by Wfm.917,at the NAF Conference, Abuja on November 19th, 2019.

While she was unable to attend the epoch-making event, Esther was well represented by her sister,  who gave an outstanding speech on her behalf, reflecting on Esther’s background and her determination to add value to humanity in every little way she can.

Reacting to the award, Esther took to her social media page to show her appreciation: “Thanks for recognizing my work and honoring me with this award Wfm91.7  as a Social Innovator at the Voice of Women Conference and awards today. 

Thanks, Toun Okewale, for counting me worthy. May God honour you, sis. I’m grateful and I appreciate you for all you do to empower women and give us a voice.

Special thanks to my younger sister Oye, for receiving this on my behalf. Love you ❤

Thanks to my wonderful Women of Rubies team for making it easy, big thanks to every woman who has given me the opportunity to showcase their work since 2015.

I dedicate this award to my 2 daughters, it’s been a very rough year for me, but you both have been very understanding, smart and compassionate.

For all the times you said “Mom, we understand”, “Mom, it’s okay”, and just really showing I’m not alone in this “lone” journey, Thank you, my Angels. I pray you make better choices in life. 

I put in so much work because I  want to make a difference in the world,  but above all I want you to have a good legacy you can be proud to identify with when you grow up and choose your life path. 

 I want you to know Mommy isn’t perfect, but she rose above her dysfunctional background and life challenges to build something worthwhile and add value to humanity.

You both are the highlight of my existence as a human being, for all the times I have been rejected, humiliated and turned down, having you in my life has changed how I see myself. 

Because of you my girls, I wake up every day, and I have that innate belief that it’s going to be a good day. 

Dear Mom, you made the right choice bringing me to the world against all odds and I love you with every fiber of my being. Thanks for not giving up on me. 

Thank you, Jesus, for this, that and everything. 

This is a challenge to do more, and I pray to keep being a loyal vessel. 

Grateful heart!!!!! ❤❤“. 

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2019 IMD: NGO promises cash reward, other incentives for Nigerian men

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A non- governmental and not for profit organization, The Victoria Adeyanju Male Mentorship Foundation(VAMMF) is set to reward Nigerian men with cash gifts in celebration of this year’s International Men’s Day (IMD) 2019.
The NGO is focused on empowering and developing professionals that will contribute to the development of nation-building in Africa.
The International Men’s Day, which is widely celebrated on the 19th of November 2019 will have  Nigerian men compete for the sum of Ten thousand naira(N10,000) only. Participants will post a two-minute video on Instagram of his male hero, stating why he stands out from others and why he is your male hero, with the hashtag (#mymalehero), (#VAMMF).
All entries close by the 29th of November as a winner who has the highest likes, repost, and friends tags will be announced on the  2nd of December 2019.
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