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You’re Free To Challenge Election Result In Court, We’re Ready For You — Tinubu To Atiku

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The All Progressives Congress presidential campaign council says it is not intimidated by Atiku Abubakar’s threat to contest the result of the election announced by the Independent National Electoral Commission (INEC).

The commission, on Wednesday, declared Bola Tinubu, candidate of the APC, as the winner of the presidential poll.

Tinubu secured 8,794,726 votes while Abubakar of the Peoples Democratic Party (PDP) had the second-highest figure with 6,984,52 votes and Peter Obi of the Labour Party (LP) polled 6,101,533 votes.

During the collation of the results on Tuesday, the LP and PDP asked Yakubu Mahmood to resign as the chairman of INEC.

The parties also demanded that the presidential election be conducted afresh.

Abubakar on Thursday alleged that the election was characterised by fraud and vowed to challenge the result.

In a statement on Thursday, Festus Keyamo, the campaign council spokesperson, said Abubakar’s presidential bid was “dead on arrival” as his successive failure showed he is unelectable.

“Firstly, Atiku Abubakar breached the zoning principle within his own party by insisting on running for President when that was clearly against the mood of the nation; even after emerging as a candidate, the PDP itself continued to rub insult on the faces of southern leaders in the Party by insisting on keeping the position of National Chairman in the North,” the statement reads.

“This obviously led to the rebellion of the G5 Governors and their subsequent sabotage of the PDP before the polls and at the polls by campaigning against ATIKU’S candidature. His failure to unite his party and manage this post-primaries fall-out was his eventual undoing.

“Atiku’s bid for the Presidency this time around was dead on arrival when his inordinate ambition fractured his party into 3 parts, with Alhaji Rabiu Kwankwanso and Mr. Peter Obi breaking away to the NNPP and the Labour Party respectively.

“The massive loss he suffered in traditional PDP zones and States is a clear testament to this. One wonders, then, how he expected to have won the election. It is also comical to see that he claims victory at the polls together with Mr. Peter Obi with whom his party has been holding press conferences.

“Following his successive failures and rejection by Nigerians in different elections, it should be clear to him by now that he is simply UNELECTABLE. The expositions relating to his self-confessed mode of siphoning public funds whilst in office through SPVs further dented his aspiration before Nigerians.

“Atiku Abubakar’s decision to challenge the outcome of the results is welcome. We are prepared to meet his challenge, no matter the nature of the challenge, anywhere and anytime.

“If Atiku Abubakar is not embracing the olive branch extended to him and other losers in the 2023 elections by the President-elect, ASIWAJU Bola Ahmed Tinubu, the least he can do is to quietly relocate to Dubai which has become his traditional home base.

BIG STORY

Sanwo-Olu Suspends Media Aide For Saying #EndSARS Arsonists Were ‘Hunted, Executed’

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Babajide Sanwo-Olu, governor of Lagos, has suspended Wale Ajetunmobi, his senior special assistant on print media, over comments he made on social media.

In a now-deleted post shared on X on November 23, Ajetunmobi claimed that several individuals involved in the burning of Television Continental (TVC) in 2020 were “hunted down and executed.”

“The full story of people who burnt down TVC in 2020 will be told one day, with gory clips and images. One thing to note: majority of them have been hunted down and executed,” he wrote.

“One of them, a young boy trading in cooking gas around Ketu, was found with AK-47 at the site. Even his neighbours were shocked. But the full gist is better saved for later.”

Ajetunmobi made the remarks in response to a post about recent comments by Reuben Abati, a former presidential aide.

X user @hamoye4real asked Ajetunmobi to clarify what he meant by “hunted down and executed.”

“What do you mean by ‘hunted down and executed’? Are you aware of extra-judicial killings?” the X user inquired.

Ajetunmobi responded: “Lol… you want to create a narrative in your head. What is extrajudicial killing here? Some of the people were chased by soldiers and exchange of fire occurred.

“Then arsonists were overpowered and killed in the process. Others ran away. Is that an extra-judicial killing to you?”

LAGOS GOVERNMENT RESPONDS

In a statement on Tuesday, Gboyega Akosile, media aide to Governor Sanwo-Olu, confirmed the suspension and emphasized that the state government does not condone extra-judicial actions.

“Mr. Ajetunmobi’s suspension follows his misrepresentation of facts on his personal ‘X’ account regarding a past incident,” the statement said.

“The Governor wishes to state categorically that his administration opposes any form of extra-judicial punishment and will not support such actions. That is not who we are. That is not our way.”

PROTESTS AGAINST POLICE BRUTALITY

In October 2020, young Nigerians took to the streets to protest against the notorious Special Anti-Robbery Squad (SARS) and police brutality.

On October 20, 2020, security forces opened fire on unarmed protesters at the Lekki tollgate in Lagos, resulting in multiple casualties.

The following day, on October 21, suspected hoodlums attacked the TVC headquarters, setting the building on fire. These attackers also targeted several police stations and other public and private properties as violence escalated in the wake of the Lekki tollgate shootings.

Reports indicate that security forces killed numerous protesters during the #EndSARS protests in Lagos.

In August 2023, a document surfaced on social media revealing that the Lagos state government had approved N61,285,000 for the “mass burial” of 103 people who died during the #EndSARS protests in the state.

The government clarified that the bodies were not from the Lekki tollgate incident.

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BIG STORY

Nigeria’s GDP Rate Grew By 3.46% In Q3 2024 — NBS

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The National Bureau of Statistics (NBS) reports that Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

In its GDP report published on Monday, the NBS noted that this growth rate is higher than the 3.19 percent recorded in Q2 2024.

The bureau also highlighted that the growth rate surpassed the 2.54 percent recorded in the third quarter of 2023.

According to the report, the performance of the GDP during the reviewed period was primarily driven by the services sector, which recorded a growth rate of 5.19 percent and contributed 53.58 percent to the total GDP.

“The agriculture sector grew by 1.14%, from the growth of 1.30% recorded in the third quarter of 2023,” the statistics firm said.

“The growth of the industry sector was 2.18%, an improvement from 0.46% recorded in the third quarter of 2023.”

“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in the third quarter of 2024 compared to the corresponding quarter of 2023.”

The NBS also reported that the nominal GDP reached N71.13 trillion in Q3 2024.

Nominal GDP and real GDP both measure the total value of goods produced in a country in a year. However, while real GDP is adjusted for inflation, nominal GDP is not.

“This performance is higher when compared to the third quarter of 2023 which recorded aggregate GDP of N60,658,600.37 million, indicating a year-on-year nominal growth of 17.26%,” the bureau stated.

‘OIL PRODUCTION ROSE TO 1.47M BARRELS IN Q3 2024’

The report also revealed that the country recorded an average oil production of 1.47 million barrels per day (mbpd) in Q3 2024.

According to the NBS, this is “0.07 million bpd higher” than the production volume of 1.41 mbpd in Q2 2024 and “0.02 mbpd higher than the daily average production of 1.45 mbpd recorded in the same quarter of 2023.”

“The real growth of the oil sector was 5.17% (year-on-year) in Q3 2024, indicating an increase of 6.02 percentage points relative to the rate recorded in the corresponding quarter of 2023 (-0.85%),” the NBS said.

“Growth decreased by 4.98 percentage points when compared to Q2 2024, which was 10.15%. On a quarter-on-quarter basis, the oil sector recorded a growth rate of 7.39% in Q3 2024.”

“The oil sector contributed 5.57% to the total real GDP in Q3 2024, up from the figure recorded in the corresponding period of 2023 and down from the preceding quarter, where it contributed 5.48% and 5.70% respectively.”

‘NON-OIL SECTOR CONTRIBUTED 94.4% TO Q3 GDP RATE GROWTH’

The non-oil sector grew by 3.37 percent in real terms in Q3 2024, which is 0.62 percent higher than the rate of 2.75 percent recorded in the same quarter of 2023, according to the NBS.

The bureau also pointed out that this growth was higher than the 2.8 percent recorded in the second quarter of 2024.

“In real terms, the non-oil sector contributed 94.43% to the nation’s GDP in the third quarter of 2024, lower than the share recorded in the third quarter of 2023, which was 94.52%, and higher than the second quarter of 2024, which was 94.30%,” the NBS added.

The non-oil sector, which includes information and communication (telecommunication), trade, agriculture (crop production), financial and insurance (financial institutions), manufacturing (food, beverage, and tobacco), real estate and construction, made positive contributions to the country’s GDP growth.

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BIG STORY

Nigeria’s Unemployment Rate Decreased To 4.3% In Q2 2024 — NBS

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The National Bureau of Statistics (NBS) reports that Nigeria’s unemployment rate stood at 4.3 percent in the second quarter (Q2) of 2024.

In a report released on Monday, the NBS highlighted that the unemployment rate had decreased from the 5.3 percent recorded in Q1 2024.

The NBS defined the unemployment rate as the proportion of the labour force (the total of unemployed and employed individuals) who are not employed but are actively seeking work and available for employment.

“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year,” the report states.

“The unemployment rate among males was 3.4% and 5.1% among females.”

“By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”

According to the report, the unemployment rate among individuals with post-secondary education was 4.8 percent, 8.5 percent among those with upper secondary education, 5.8 percent for those with lower secondary education, and 2.8 percent among those with primary education in Q2 2024.

‘EMPLOYMENT RATE INCREASED TO 76.1%’

The report also showed that the employment-to-population ratio, which compares the number of employed individuals to the total working-age population, increased to 76.1 percent in Q2 2024.

“In Q2 2024, 76.1% of Nigeria’s working-age population was employed, up from 73.1% in Q1 2024,” the report notes.

“Disaggregating by sex, the employment-to-population ratio was 77.2% for males and 75% for females in Q2 2024.”

“Additionally, the employment-to-population ratio in urban areas was 73.2% and 80.8% in rural areas in Q2 2024.”

“This represents an increase in the ratio compared to 69.5% and 78.9% in Q1 2023, respectively.”

‘SELF-EMPLOYMENT INCREASED TO 85.6%’

The report further reveals a significant shift in Nigeria’s labour market, as the proportion of self-employed individuals rose in Q2 2024.

“The proportion of persons in self-employment in Q2 2024 was 85.6%,” the report indicates.

“Survey findings show a decrease in the share of employed individuals primarily engaged as employees, from 16.0% in Q1 2023 to 14.4% in Q2 2024.”

“The self-employment rate among females was 88.3%, while for males it was 82.2%.”

“Disaggregating by place of residence, the rate of self-employed individuals in rural areas was 94.3% and 79.7% in urban areas.”

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