Politics
PDP To Invest In Oil, Telecom Business
In a bid to generate more revenue ,the ruling People’s Democratic Party (PDP) is planning to invest in oil and telecommunication businesses.
This was part of the revenue generation and investments strategies of the party, which was prepared by its National Financial Secretary, Mr. Bolaji Anani.
Anani, in a memo entitled, “Revenue generations and investments” to the National Chairman of the party, Dr Bamanga Tukur, said it would be easy for the party to get the needed concession and operator’s licence of an oil and telecommunication firms.
Anani wrote under the sub-head “Major Sectors,” in the memo and said, “With a high degree of anonymity, we can earn reasonable short and long term returns if the venture is properly structured.
“We should be able to get (the) needed concession and operator’s licence with some measure of ease.”
It was not clear those that the party were targeting as fronts in this regard.
The Tide gathered that, the party was already talking to some known oil markers, especially those known to be its financiers.
Other areas where the party hopes to generate funds include real estate and the establishment of print and electronic media companies.
Anani further wrote, “The establishment of PDP Holding Company Ltd is to hold and negotiate the interests of the party in all investments and business arrangements.”
On loans, the party said it planned to “raise short, medium and long term loans from financial institutions to fund the party’s investments and programmes with minimum risk.”
Meanwhile, the party is expecting the sum of N140.97m as annual contributions of the Senate President, Senator David Mark; Speaker of the House of Representatives, Alhaji Aminu Tambuwal and other members of the National Assembly.
Each of the 71 senators produced by the party is expected to pay the sum of N45million which represents five per cent deduction from their basic salaries. Mark and Tambuwal are expected to pay more because they earn more.
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He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
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Politics
Makarfi Resigns As PDP BoT Secretary
Senator Makarfi’s resignation comes on the heels of the national convention that saw the emergence of the new Chairman of PDP, Dr Kabiru Tanimu Turaki (SAN).
In his letter of resignation, which was addressed to the PDP BoT Chairman, Senator Adolphus Wabara, and made available to journalists in Kaduna on Monday evening, the former governor said, “Chairman and Members of the Board of Trustees may recall that about two months ago I had resigned as Secretary of the Board and posted same on the Board’s WhatsApp platform.
“Mr Chairman, you may also recall that you personally urged me to stay on until after a convention that produced a Chairman.”
He added that the principal reason he initially tendered his resignation then “and now, was and is still my belief that the National Chairman of the Party and Secretary of the Board of Trustees should not come from the same geopolitical zone.
“Now that a chairman has emerged from the North West, where I come from, it’s necessary to give him full space to do the needful. Accordingly, I hereby formally resign as Secretary of the Board of Trustees of the Peoples Democratic Party with effect from today, November 17th, 2025.”
While commending the BoT Chairman for his support during his tenure as Secretary of the Board, he stressed, “I truly appreciate the very respectful relationship between us during my period as Secretary,” adding that, “I also appreciate all Board members for their support and the good relationship that prevailed during my period as Secretary.”
Meanwhile, Dr Turaki on Monday pledged to ensure that power returns to the Nigerian people, urging the judiciary to uphold the tenets of democracy.
Dr Turaki, while giving his acceptance speech after the swearing-in of new officers at the end of the Elective Convention of the PDP in Ibadan, assured that there will be “no more impunity, no more suppression of the will of Nigerians”.
The chairman appealed to the judiciary to uphold the principles of stare decision, abiding by the decisions of the Supreme Court, and not to “willingly or unwillingly put yourselves in a situation where, rightly or wrongly, it may be assumed, correctly or incorrectly, that you are part and parcel of the process to truncate Nigerian democracy.”
According to him, the new leadership of the party would be open to listening to the yearnings of members, with a view to aligning with their will, declaring that “No more monkey dey work, baboon dey chop,” adding that “if baboon wants to chop, baboon must be seated to work.”
He noted that the PDP has maintained its original name, motto and logo, unlike the other parties that started with it, making it a recognised brand anywhere in Nigeria.
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