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FG, PDP Clash As Economy Grows By 3.4%, Highest In 7years

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The Federal Government and the Peoples Democratic Party on Thursday exchanged words over a report by the National Bureau of Statistics in which it was stated that Nigeria’s Gross Domestic Product grew by 3.4 percent in 2021, the highest in seven years.

The GDP report, released by the National Bureau of Statistics on Thursday, also showed that the economy weakened further in the fourth quarter of 2021, after recording a decline in the third quarter of last year.

Specifically, the report revealed that the quarterly GDP growth fell to 3.98 percent in Q4 2021, from the 4.03 percent and 5.01 percent recorded in Q3 and Q2, respectively.

According to findings, the annual growth rate of 3.4 percent is the highest the country has recorded in seven years. The last time the country’s annual GDP growth rate exceeded three percent was in 2014 when a 6.22 percent growth was recorded.

In 2015, annual GDP stood at 2.7 percent; it contracted to -1.58 percent in 2016; rebounded slightly to 0.8 percent in 2017; grew to 1.91 percent in 2018 and 2.27 percent in 2019.

As a result of the impacts of the COVID 19 pandemic, the country’s annual GDP again contracted to -1.92 percent in 2020.

The latest NBS report read in part, “Nigeria’s Gross Domestic Product (GDP) grew by 3.98 percent (year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10 percent and -3.62 percent in Q2 and Q3 of 2020 under the COVID-19 pandemic.

“The fourth quarter growth indicates a steady economic recovery accounting for annual growth of 3.40 percent in 2021.

“The Q4 2021 growth rate was higher than the 0.11 percent growth rate recorded in Q4 2020 by 3.87 percent points and lower than 4.03 percent recorded in Q3 2021 by 0.05 percent points.

The report added that quarter on quarter, real GDP grew at 9.63 percent in Q4 2021 compared to Q3 2021, reflecting a higher economic activity than the preceding quarter.

In nominal terms, aggregate GDP grew to N49.27tn in Q4 2021, indicating a year-on-year growth rate of 13.11 percent when compared to N43.56tn recorded in Q4 2020.

“The nominal GDP growth rate in Q4 2021 was higher relative to 10.07 percent growth recorded in the fourth quarter of 2020 but lower compared to 15.41 percent growth recorded in the preceding quarter. 2021 annual nominal growth stood at 13.92 percent,” the report added.

Speaking on the 2021 GDP growth rate, economists argued that the growth recorded in 2021 could be linked to the base effects of the recession witnessed in 2020.

They also emphasized the impacts of the increased economic activities and higher oil prices during the reference year.

According to them, the GDP figures are not a sign of better economic conditions as many Nigerians didn’t witness any improvement in their wellbeing during the year under review.

The Chief Executive Officer of Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf said, “Generally speaking, first is the fact that there is a very strong base effect in this numbers because when you are comparing 2021 with 2020, you are comparing a year when the economic activities were less affected by COVID to a year where we had a very severe impact of COVID.

“A year where we had a recession, a year when the economy contracted and a year when quite a number of sectors were on lockdown, so, when you are comparing 2021 with that kind of baseline, naturally, you should expect a very significant increase because it is year on year.

“Secondly, economic activities generally are rebounding, COVID is no longer that constraining, supply chains have been restored, sectors that were under lockdown have resumed operations, so the tempo of economic activities has increased because of the removal of the restrictions instituted to manage the pandemic.

“Thirdly, in 2021, we saw a rebound of oil price, with an average of almost 60 to 70 percent so the recovery of oil is also a major factor.”

He added that while the growth should be acknowledged and cautiously commended, its impact on other parameters such as poverty, unemployment, and other macroeconomic indices should be explored.

Yusuf said, “We must acknowledge and cautiously commend the annual growth, but more importantly, GDP is not an end itself, it is a means to an end, so we need to interrogate how the GDP is impacting other things such as poverty, employment, the performance of SMEs, and macroeconomic indices like inflation and exchange rate. When you begin to look at these other parameters, you begin to see that the impacts on these parameters are very limited.  We can’t just be celebrating numbers but the impact of the numbers on the wellbeing of Nigerians. There is a whole lot that needs to happen to address poverty, inflation, the problems in the investment landscape, and other parameters.”

He stressed that there was the limited impact of the growth on these key factors during the year under review.

He, therefore, advised the government to focus more on addressing major problems in the country.

Expressing a similar view, a professor of Economics at the Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Prof Sheriffdeen Tella, said “The GDP grew simply because of the increase in the price of oil, not because of increase in other non-oil products and exports. We cannot say that this kind of GDP will have any positive effect on the lives of citizens. It would only have an effect if the money realized was spent on the citizens, and this cannot be seen immediately until after one or two quarters.”

FG, PDP Disagree Over Growth

Reacting to the report, the National Publicity Secretary of the PDP, Mr. Debo Ologunagba, said Nigeria’s economy could not have witnessed growth because of the voodoo economics being implemented by the President, Muhammadu Buhari.

Ologunagba said that the All Progressives Congress was running a government of liars, by liars and for liars.

The PDP spokesman wondered how Nigeria could have witnessed economic growth with the high level of insecurity and unemployment.

He added, “This is the voodoo economics of Buhari. When you talk of economic growth it must have a direct impact on the lives of the people. If it is growth, it cannot grow downwards, growth goes upwards. We all know the economy of Nigeria has been going down.

“They say there was economic growth in the last quarter of last year when there were massive killings in the North-West? Growth has to do with the production and human development index. So, what is the basis of this growth? We don’t have the right statistics.

“The APC government is filled with spin doctors and their stock in trade is lies and propaganda. This is not surprising because we are approaching an election year. They tried it in 2015 but now people know the facts. No matter how they manipulate figures, Nigerians now know the truth. Are Nigerians better today than they were six years ago?”

When asked if the PDP doubted the credibility of the NBS, Ologungba said the agency could have been deceived at the point of the collation of data which is usually provided by the Federal Government.

He said any information that comes from the Buhari government should be questioned because it lacks integrity.

“They lack integrity and transparency so anything that comes from them needs to be double-checked. This is the same government that accused some firms of importing dirty fuel and the firms denied it. So, you can be sure that anything that this government says is never the gospel truth.

“This is a government of lying, by lying and for liars,” the PDP spokesman stated.

However, the Minister of Information and Culture, Lai Mohammed, who is the official spokesman of the Federal Government, said it was unfortunate that the PDP was sad over Nigeria’s progress.

Mohammed said it was funny that the PDP which usually projected negative statistics released by the NBS could turn around to question the integrity of the statistics agency.

The minister stated, “A vibrant opposition is important in any democracy. However, we have an opposition that doesn’t want to hear anything good about the country and this administration. It is the same NBS that reported that the country was in recession. At that time, it was not fake or cooked.

“So, I think we should learn to believe in the country, we should understand that while opposition is very good for a vibrant democracy, a nihilistic opposition that sees nothing good in the administration should be condemned.”

When asked why many Nigerians were not yet feeling the impact of economic growth, Mohammed said the economic recovery is a slow process like a human being getting cured of an ailment. He said in due course, more Nigerians will feel the impact of the regime’s policy.

“It is like somebody who is ill that is gradually recovering. The fact that he stabilized means he is not getting worse. A healthy economy might be slow. The climb to a vibrant economy might be slow but one thing is clear that we have had almost six quarters of economic growth since we came out of recession and this is good,” he said.

Mohammed advised the PDP not to impugn the integrity of government agencies because they are not political.

“When you impugn the character of government agencies, you encourage Nigerians to lose trust in them which is wrong. These institutions were not created by the APC government. These institutions will remain no matter who is in government,” Mohammed said

BIG STORY

We Will Get It Right With Security —- Obasa

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Speaker of the Lagos State House of Assembly, Rt. Hon Mudashiru Obasa has affirmed that with the support of all Nigerians, President Bola Ahmed Tinubu would get it right with his concerted reengineering of the nation’s security architecture.

Speaking at the APC Stakeholders and Progressives Governors Forum meeting held Saturday, December 6, at the Eko Hotel and Suites, Victoria Island, Lagos, Obasa said he did not doubt that President Tinubu and the All Progressives Congress, APC-led federal government, would do all that they can to ensure that they secure the life and property of every Nigerian.

According to Obasa, “We have seen the president in action and how he is innovating and working hard to resolve our many challenges, especially insecurity, and we believe he will get it done. He’s still the man who can do it. That is why we must do everything within our powers to ensure that he is returned in 2027.”

Speaker Obasa teed off with robust commendations for the governors for their shared dedication and commitment to helping President Tinubu resolve Nigeria’s insecurity problem.

He urged them to galvanise their people when they return to their various states to be a part of the solution to Nigeria’s security challenge, and not stay aloof.

Speaker Obasa added that security is not just about the governors, “It is about everybody. We must all be involved in fighting this problem. We must give the President all the support that we can so that he will succeed in his attempts to redirect the trajectory of Nigeria.”

The PGF had converged on Lagos between December 5 and 6 for a meeting convened by the Chairman of the Forum, Senator Hope Uzodimma, Governor of Imo State, and hosted by Governor Babajide Sanwo-Olu of Lagos State.

In a communique read by Governor Uzodinma, the governors passed a vote of confidence on President Tinubu’s administration, and pledged support for his Renewed Hope Agenda and re-election in 2027.

The Forum, according to Governor Uzodinma, reviewed the security situation across the country and expressed appreciation for the improved coordination between federal, state, and local security structures, as well as the courage and sacrifices of security agencies and community volunteers. They also resolved to strengthen local security architecture in all the states.

Governor Uzodinma said that their two-day engagement provided an opportunity to review the nation’s current trajectory, deepen coordination among the governors, and reaffirm their firm support for the Renewed Hope Agenda of President Tinubu. “The PGF commended President Bola Ahmed Tinubu for his steadfast commitment to stabilizing the economy, strengthening national security, and laying the foundations of sustainable growth through the Renewed Hope Agenda,” he said.

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BIG STORY

Nigerian Army Suspends Officer Retirements Amid National Security Emergency

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The Nigerian Army has suspended all statutory and voluntary retirements for certain categories of officers following the nationwide security emergency declared by President Bola Tinubu.

An internal memo dated December 3, signed by Maj. Gen. E. I. Okoro on behalf of the Chief of Army Staff, and sighted by our correspondent, stated that the suspension of retirements is aimed at retaining manpower, experience, and operational capacity as the Armed Forces expand in response to rising insecurity.

The document, referencing the Harmonized Terms and Conditions of Service Officers (HTACOS) 2024, noted that although officers are ordinarily expected to retire upon reaching their age limit, completing 35 years of service, or after repeated promotion or conversion failures, service extension is permissible under Paragraph 3.10(e) in the interest of the military.

The memo partly read: “Military service of a commissioned officer entails a period of unbroken service in the AFN from the date of enlistment or commissioning to the date of retirement. The period of service is determined by conditions enshrined in the HTACOS Officers 2024. These include attainment of age ceilings on various ranks, a maximum length of service of 35 years, and other criteria provided in Paragraphs 11.02(d) and 17.15, among extant regulations.

“Notwithstanding these provisions, Chapter 3.10(e) of HTACOS Officers 2024 allows for the extension of service to officers in the interest of the service.

“The President and Commander-in-Chief declared a nationwide security emergency on November 26, mandating the expansion of the AFN and other security agencies. In line with this, and to rapidly expand manpower, it has become expedient to temporarily suspend all statutory and voluntary retirements from the Nigerian Army with immediate effect.”

According to the circular, the temporary suspension applies to officers who fall into the following categories: officers who failed promotion examinations three times; officers passed over three times at promotion boards; officers who have reached the age ceiling for their ranks; officers who failed conversion boards three times; and officers who have attained 35 years of service.

“Officers in these categories who are not interested in an extension of service are to continue with the normal retirement procedure. Officers desirous of extension should note that upon extension, they are not eligible for career progression, including promotion, career courses, NA sponsorship, self-sponsored courses, secondment, or extra-regimental appointments,” the memo stated.

It directed all commanders to disseminate the directive and manage morale, adding that the policy would be reviewed as the security situation improves.

President Bola Tinubu, on November 26, 2025, declared a nationwide security emergency and directed the military, police, and intelligence agencies to expand recruitment and deploy thousands of additional personnel.

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BIG STORY

Senate Orders Nationwide Crackdown As Lead Poisoning Hits Ogijo Lagos

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The Senate on Thursday expressed grave alarm over a fast-spreading lead-poisoning crisis in Ogijo, a densely populated community straddling the boundary between Ikorodu (Lagos) and Ogun East Senatorial District.

It described it as a full-blown environmental and public-health emergency that threatened thousands of lives.

The motion, jointly sponsored by Mukhail Adetokunbo Abiru (Lagos East) and Gbenga Daniel (Ogun East), was brought under Matters of Urgent Public Importance pursuant to Orders 41 and 51 of the Senate Standing Orders, 2023 (as amended).

Lawmakers cited scientifically verified reports of extreme lead contamination linked to a cluster of used lead-acid battery recycling factories operating in the area for years.

According to the Senate, the crisis had left residents battling persistent headaches, abdominal pain, memory loss, seizures, and developmental delays in children, symptoms strongly associated with chronic lead exposure.

The chamber noted with concern that the Federal Government had already begun clampdowns, with the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, shutting down seven battery-recycling factories and ordering a temporary halt to lead-ingot exportation pending safety investigations.

Senators said they were “alarmed that residents have for several years complained of persistent headaches, abdominal pains, loss of memory, seizures, cognitive decline, and developmental delays in children, symptoms strongly associated with chronic lead exposure.”

Despite years of community protests, the smelters allegedly continued operating openly, releasing toxic fumes and particulate dust into surrounding homes, markets and playgrounds.

“It is regrettable that despite years of community outcry, smelter furnaces continued operating, discharging toxic fumes from melted batteries directly into surrounding neighbourhoods. We are concerned that while some factory operators deny wrongdoing, community exposure remains extreme.

“The Senate acknowledges and commends the proactive efforts of the Lagos and Ogun State Governments and their relevant ministries and agencies for conducting early inspections, raising community awareness and working with federal authorities to contain the exposure,” lawmakers said.

The chamber further cited disturbing findings by independent testing commissioned by The Examination and The New York Times, which revealed severe contamination in both residents’ blood samples and soil within the industrial cluster.

Some environmental samples, senators noted, showed lead levels “up to 186 times the global maximum safety threshold.”

A major dimension of the scandal, lawmakers said, was that lead processed in Ogijo had already been traced into international supply chains, reaching global battery and automobile manufacturers who either did not address the findings or relied solely on assurances from Nigerian suppliers.

The Senate lamented that while some factory operators deny wrongdoing, community exposure remains dangerously high amid weak accountability and gaps in Nigeria’s regulatory frameworks.

Senators nonetheless praised emergency actions taken by the Lagos and Ogun state governments, commending their early inspections, public-awareness campaigns and support for affected families.

Citing Sections 14(2)(b) and 20 of the 1999 Constitution, the Senate emphasised the government’s responsibility to safeguard citizens’ welfare and ensure a safe environment.

Following extensive deliberations, the Senate resolved to commend both the Federal Government and the Lagos and Ogun State Governments for their swift intervention in shutting down non-compliant lead-recycling factories.

Lawmakers urged continued enforcement, including factory closures, export suspensions, prosecution of violators, and strengthened industrial safety monitoring.

The chamber mandated the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC) to deploy emergency medical teams to Ogijo to provide free toxicology screenings, blood-lead management, chelation therapy, and ongoing treatment for affected children and adults.

Simultaneously, the Federal Ministry of Environment and NESREA were directed to carry out comprehensive environmental remediation, mapping soil, groundwater, air, and household dust contamination.

The Senate also called on the Federal Ministry of Solid Minerals and relevant regulatory agencies to enforce strict compliance standards for battery-recycling and lead-processing operations nationwide.

Additionally, it recommended establishing a National Lead Poisoning Response and Remediation Task Force within NEMA and directed the Committee on Legislative Compliance to monitor progress and report back within six weeks.

The Senate described the Ogijo crisis as a preventable tragedy that must serve as a national wake-up call on industrial pollution, regulatory failure and the urgent need to protect vulnerable communities from hazardous waste.

 

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