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2023 Presidency: I Will Join APC Only If… – Goodluck Jonathan

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Nigeria’s former President, Goodluck Jonathan has revealed that he will only be joining the All Progressives Congress presidential race on the condition that he is endorsed by the President, Muhammadu Buhari.

Anything short of this would not be acceptable to Jonathan who served as deputy governor, governor, Vice-President, and President on the platform of the Peoples Democratic Party from 1999 and 2015.

It was reported in February that some northern emirs had reached out to the former President, asking him to contest. Jonathan had also stayed away from activities of the PDP, including the last national convention.

Former Governor Sule Lamido of Jigawa State had also stated that it was unlikely that Jonathan was still a member of the PDP as he was no longer involved in the party’s activities.

On Thursday, however, posters of the ex-President flooded the national secretariat of the APC on Blantyre Street, Wuse 2.

On Friday, youth and women groups demonstrated outside of Jonathan’s office in the Maitama area of Abuja.

The demonstrators, who arrived in five large buses, held up placards some of which read, ‘Jonathan, Please Run’, ‘Jonathan, do the needful’, ‘Jonathan for 2023’, ‘Jonathan Declare Now’, and ‘Goodluck Please Come Back, We Love You’.

A spokesman for the group, Mayor Samuel, who is also the Convener of the Youth Compatriots of Nigeria, said, “We were deceived and brainwashed by those who claimed they could do it in 2015.

“Now, we know better, under Jonathan the minimum wage could buy one or two bags of rice. What do we have today? We are begging President Jonathan to forgive us, we have realized our mistakes; we want him back to complete what he started.”

Jonathan subsequently invited the leaders of the protesters for a private meeting. After the brief meeting, the former President addressed the demonstrators outside, advising the youths to run for office instead, adding that the constitution had been amended as far back as 2018 to give youths a chance to contest.

The former President said he was not sure if he would run. He, however, asked them to ‘watch out.

“Yes you are calling me to come and declare for the next election, I cannot tell if I’m declaring. The political process is ongoing just watch out. The key role you must play is that Nigeria must get somebody that will carry young people along,” the former President added.

However, the report has it that the former President was seeking an assurance that he would be handed the party’s Presidential ticket.

The APC chieftain, who wished to remain anonymous, said, “Jonathan has already been President before. So, the APC cannot offer him anything except the Presidential ticket. Imagine him contesting against Osinbajo and Tinubu and losing? Wouldn’t that be disgraceful?

“So, he has made his position clear. If he is to come to the APC, he must be given the assurance that he will be given the party’s ticket. That is his demand.”

The source added that the former President may be sold as a “compromise candidate” amid the raging zoning debate in the country.

“Jonathan is the only Nigerian alive that can promise to serve only one Presidential term and abide by it because he is limited by the constitution. If he serves one term, then power returns to the North. It is also not an easy decision but I can assure you that President Buhari will have no qualms with a Jonathan Presidency,” he added.

Meanwhile, it was learned that the APC National Working Committee would give special waivers to select aspirants based on the powers conferred on it by the National Executive Committee.

Section 31.3 of the new APC constitution titled ‘waiver’, reads in part, “Subject to the approval of the National Executive Committee, the National Working Committee may, in special circumstances, grant a waiver to a person seeking a national party official, who is otherwise not qualified under this constitution if, in its opinion, such a waiver is in the best interest of the party.

“Subject to the approval of the National Executive Committee, the National Working Committee may, in special circumstances, grant a waiver to a person seeking the office of President, Vice President, governor, deputy governor, senator, member of the House Representatives, who are otherwise not qualified under this constitution if, in its opinion, such a waiver is in the best interest of the party.”

The Nigerian constitution and the Electoral Act state that anyone contesting a presidential election must be a member of a political party which will sponsor him as a candidate. However, both the constitution and the Electoral Act do not prohibit non-party members from participating in a primary.

However, a member of the party’s NEC said that waivers would be on a case-by-case basis.

Jonathan’s Spokesman, Ikechukwu Eze, did not respond to calls.

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BREAKING: EFCC Declares Yahaya Bello Wanted [PHOTO]

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Yahaya Bello, the former governor of Kogi state, has been declared wanted by the EFCC.

He reportedly evaded arrest yesterday when the commission visited his home to enforce arrest.

More to come…

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Hydrogen, CCHub Partner To Encourage Fintech Startup Success

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As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading fintech startup Hydrogen Payment Services Limited (‘Hydrogen’) has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed ‘Adapting Fintech Business Models to Economic Climates’.

The event is set to take place on Thursday, April 18, 2024, from 12:00 a.m. WAT at the CCHub office in Sabo, Lagos, will delve deep into the intricacies of Nigerian economic challenges and how these influence the fintech ecosystem. Participants will gain actionable insights on how to adapt fintech business models to volatile economic conditions by prioritising flexibility, agility, and customer-centricity.

This collaboration underscores the shared commitment of both entities to empower aspiring founders venturing into the fintech space amidst economic uncertainties. By leveraging their respective expertise and resources, Hydrogen and CcHub aim to equip
emerging entrepreneurs with the knowledge, tools, and support needed to thrive in today’s dynamic economic conditions.

Emeka Awagu, Chief Technology Officer at Hydrogen, commented on the strategic partnership with CcHUB: “Our alliance with CcHUB amplifies our shared commitment to pioneering transformative solutions in the Nigerian fintech sector. By leveraging Hydrogen’s technological expertise alongside CcHU’s innovative approach, we are primed to set a new standard for fintech excellence and drive impactful change across the industry.”

The event will feature a distinguished panel of industry experts and thought leaders. including Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo; Emeka Awagu, Chief Technology Officer, Hydrogen; and Miracle Ezechi, Digital Marketing Manager, Hydrogen.

The panel discussion will be moderated to encourage an engaging and insightful conversation on the strategies and innovations required to thrive in the Nigerian fintech landscape amidst economic challenges.

Interested attendees are encouraged to register here and reserve a spot.

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ECONOMY: CBN Not Using Foreign Reserves To Defend Naira — Olayemi Cardoso

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The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, asserts that the nation is not defending the value of the naira with its foreign reserves.

He made this known on Wednesday in Washington, DC, where he is attending the International Monetary Fund-World Bank Spring Meetings.

Cardoso said $600 million came into Nigeria’s reserves account within the last two days.

The naira has appreciated against the dollar in recent weeks, gaining over 40%, from about N1,900/$ to about N1,000/$1 now. But while the naira rebound, Nigeria’s foreign reserves are dwindling, dropping to about $32.29 billion on April 15 — the lowest level in over six years.

Cardoso said, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where for example, debt is due and certain payments need to be made because that is also part of keeping your credibility.

“Other times money comes in, it takes it up again. Between yesterday and today, about $600 million came into the reserves account. We are looking towards a market that operates by itself, willing buyers, willing sellers and price discovery.

“The shift in our reserves has really little or nothing to do with defending naira and that is certainly not our objective.”

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