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Saraki, Tambuwal, Others Congratulate Atiku Over Victory …I’ll Listen, Take Advice, Atiku Assures

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President of the Senate, Dr. Abubakar Bukola Saraki and his deputy, Senator Ike Ekweremadu have formally congratulated former Vice President Atiku Abubakar, for emerging as the Presidential flag bearer of the Peoples Democratic Party (PDP) at the just concluded national convention of the party held in Port Harcourt.
Saraki in a statement signed by his Special Adviser (Media and Publicity), Yusuph Olaniyonu also commended the delegates to the convention and members of the organising committee, led by Governor Ifeanyi Okowa of Delta State,for holding a convention in which a candidate was elected in a free, fair, transparent and rancour-free atmosphere.
“Our just concluded convention was a partisan event which the country can showcase as an example that democracy has a future in Nigeria and that when we are determined we can elect our leaders without any manipulation, intimidation and violation of the law and democratic norms.
“The credit goes to the leadership of our party led by Prince Uche Secondus, the organizing committee led by Governor Okowa, the numerous delegates who came from across the country and conducted themselves in a civil, mature and democratic manner. I give kudos to them. Ekweremadu also congratulated the other aspirants and the PDP on what he described as “crucial and rancor-free”, noting that the process was more important than everything else as all the aspirants were eminently qualified to lead the nation. Reacting to the outcome of the convention, which produced the former Vice President as the winner with 1,532 votes, Ekweremadu said: “I join our teeming party faithful and supporters to congratulate Alhaji Atiku Abubakar, the incoming President of the Federal Republic of Nigeria, by God’s grace, on his nomination as the standard-bearer of the PDP in the 2019 presidential election.
This is a watershed and momentous occasion for the PDP and indeed the nation. “More important in the race was the transparent, free, fair, credible, and peaceful process. “I commend the party leadership and the Convention Planning Committee for giving us one of the best primary elections in Nigeria’s history.
“Our party has, by this, demonstrated the full revival of internal democracy and total rebranding for the best democratic ethos. “I commend the aspirants for the maturity, decorum, friendship, and mutual respect that characterised the jostle for the presidential ticket. I urge them and the party faithful to continue to work together for the party’s victory in the 2019 general elections. “The mission to rescue Nigeria towers above individual interest and it is one that we cannot afford to fail Nigerians”.
Also Governor Ibrahim Dankwambo, one of the contestants, who lost the nomination ticket to Atiku, congratulated the presidential candidate of the Peoples Democratic Party (PDP).
In is twitter handle, @HEDankwambo, he said: “Congratulations to Former Vice President of Nigeria, His Excellency, Alhaji Atiku Abubakar on his emergence as the flag bearer of our great party, the People’s Democratic Party.
We are united under one Umbrella and we will work assiduously for our party’s victory in 2019.’’
The Rivers State Governor, Chief Nyesome Wike also congratulated the four-time presidential candidate, for the winning the party’s ticket to stand for the fifth time in 2019.
Wike, in his Twitter handle, @GovWike said: Governor Wike Congratulates former Vice President Atiku Abubakar on his emergence As PDP Presidential Candidate.’’
The PDP Publicity Secretary, Mr. Kola Ologbondiyan, also tweeted @officialKola “Congratulations to His Excellency, Alh. Atiku Abubakar, GCON, Wazirin Adamawa, the former Vice President of our great country Nigeria as you emerge as the official Presidential flag bearer of our great party @OfficialPDPNig.
Caustic critic of APC, Reno Omokri also tweeted @renoomokri “HE @atiku Abubakar is the next President of Nigeria by God’s Grace. If you believe, all I ask is just for you to comment by saying Amen!’’
At the end of the count of the votes at the presidential primary of the Peoples Democratic Party (PDP), Abubakar polled 1,532 to clinch the ticket.
The Fulani-born Waziri of Adamawa, businessman and politician beat 11 other contestants to face another tribesman, incumbent President Muhammadu Buhari in the February 2019 presidential election.
His closet rival, Governor Aminu Tambuwal of Sokoto state, scored 693 votes.
Atiku, a native of a Fulani village of Jada in Adamawa State, was earlier at the end of votes sorting declared the winner of the primary by his agents, Messrs Gbenga Daniel and Ben Murray-Bruce.
With the win, Atiku Abubakar would have to face incumbent President Muhammadu Buhari of APC and Mr Donald Duke of Social Democratic Party (SDP) and some others in the February 2019 presidential election.
About 3,274 delegates were at the Adokiye Amiesimaka Stadium in Port Harcourt and took part in the primary.
The 72-year-old Abubakar, a businessman, who served as the second elected vice-president of Nigeria from 1999 to 2007, on the platform of the People’s Democratic Party (PDP), with President Olusegun Obasanjo.
Abubakar worked in the Nigeria Customs Service for twenty years, rising to become the Deputy Director before he retired in April 1989 to go into politics.
He ran for the office of governor in the Gongola State (now Adamawa and Taraba States) in 1991, and for the Presidency in 1993, placing third after MKO Abiola and Babagana Kingibe in the Social Democratic Party (SDP) primaries.
Responding,“today, we are witnessing a landmark event because the rebranding of the PDP and the return of democratic governance in this country, we are witnessing the most credible, transparent and fairest primaries.
“I am prepared to listen to you, to take your advice so that together we can be part of the success.
“I believe we have learnt our lessons and we shall continue to improve on this,” he said even as he thanked Governor Nyesom Wike and the government and people of Rivers for playing a good host to Nigerians while the convention lasted.
Atiku said the PDP “cannot afford to fail Nigerians who having seen the failure of the All Progressives Congress, APC, are now prepared to return the PDP back to power.
“It is not just enough to say APC has failed but the PDP must be able to offer solutions to the challenges affecting this nation. That is the only way to take over power from this clueless government.
“Let us not get intoxicated by power but we should build on the achievements recorded in the past few days,” he added.
On a personal note, Atiku thanked his former boss, President Olusegun Obasanjo, whom he said provided him the political tutelage which has provided him with the requisite knowledge to deliver on the biggest stage.
Speaking on behalf of other aspirants, Senator Saraki thanked and congratulated members of the convention planning committee for coming out with what he called “the most credible primary election in the history of the nation.”
He pledged the readiness of all the contestants to work with Atiku to bring victory to the PDP.
“We are you and we are confident that come May 29, 2019, the green, white, red colours of the party will be hoisted as we take over power in our country,” he added.
Atiku told party member that it was time to find solutions to challenges facing the nation.
The 72-year-old Fulani-born business tycoon and politician said PDP had been able to articulate the problems facing Nigeria and it was time to come back to power in order to address the problems.
The party, he said, had never conducted a much better primary since the enthronement of democracy in 1999.
Atiku, who was Vice President to ex-President Olusegun Obasanjo from 1999 – 2007, said: “We have witnessed the most critical and transparent primary in the history of the party.’’
He said it was time for members of the party to come together to support his ticket as he could not do it alone.
The PDP candidate said that he was prepared to consult with all players in the party to ensure the success in the 2019 elections.
He appealed to co-contestants to support him in the fight to win back power from APC.
It would be recalled that Alhaji Atiku Abubakar dramatically swung back into reckoning, in the line up of Peoples Democratic Party aspirants vying for the presidential ticket of the party.
The seemingly unbelievable turn around in fortunes for the Waziri Adamawa was propelled by Northern Generals led by General Aliyu Gusau, who had invaded Port Harcourt and were heavily canvassing his candidacy.
This development, it was gathered, came on the heels of the successful prevailing of the Northern Generals on General Olusegun Obasanjo to back down from his avowed threat never to support Atiku Abubakar for the presidency.
It was also gathered that Generals Ibrahim Babangida, Abdulsalami Abubakar and TY Danjuma having gotten Obasanjo’s nod, dispatched the Aliyu Gusau led northern Generals and leaders to go and persuade the leaders and delegates of the PDP to vote for Atiku Abubakar.
The quest to have the Waziri Adamawa as the candidate of the main opposition party came against the back drop of Western countries, who are said to have given a tacit nod to back moves to compel President Buhari to vacate office, should he lose the presidential elections, next February.
The fear in political circles has been that unlike President Goodluck Jonathan, President Buhari might not be magnanimous in defeat to concede and vacate office.
Leaders of the opposition are worried that Buhari, who is popular with the militant Muslim youths, who are his die hard loyalists, could propel them to foment trouble of unimaginable proportions should he lose.
That, it was discovered, was the major reason most of the leaders backing a Rabiu Kwankwaso candidacy wanted him as a counterpoise to the perceived militancy of the hardcore Buhari supporters.
Kwankwaso, it was believed, also has a large following among the militant Muslim youths.
Gusau and his group were scouring the Rivers State capital meeting governors and leaders and asking for their backing for Atiku.
They are also met with the aspirants and pleading with them to back down and support the initiative to have what they call the best candidate to confront President Buhari at the poll.
It is understood that their meeting with Governor Nyesom Wike was fruitful and his tacit agreement was reached to soft pedal on his backing for Governor Aminu Tambuwal who has also being approached by the northern Generals and leaders to bid his time and wait.
They were said to have also promised to back his candidacy in future.
It was understood that Generals Obasanjo, IBB, Abdulsalami, Danjuma, Gusau and a host of other leaders, who control the system in Nigeria, want President Buhari out at all cost.

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Tinubu Lauds Dangote’s Diesel Price Cut, Foresees Economic Relief

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President Bola Tinubu, yesterday, applauded Dangote Oil and Gas Limited for reducing the price of Automotive Gas Oil, also known as diesel, from N1,650 to N1,000 per litre.
The Dangote Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above
Tinubu described the move as an “enterprising feat” and said, “The price review represents a 60 per cent drop, which will, in no small measure, impact the prices of sundry goods and services.”
In a statement signed by his Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu affirmed that Nigerians and domestic businesses are the nation’s surest transport and security to economic prosperity.
The statement is titled ‘President Tinubu commends Dangote Group over new gantry price of diesel.’
Tinubu also noted the Federal Government’s 20 per cent stake in Dangote Refinery, saying such partnerships between public and private entities are essential to advancing the country’s overall well-being.
Therefore, he called on Nigerians and businesses to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.
This statement comes precisely a week after Dangote met President Tinubu in Lagos, where he said Nigerians should expect a drop in inflation given the cut in diesel pump prices.
“In our refinery, we have started selling diesel at about ¦ 1,200 for ¦ 1,650 and I’m sure as we go along…this can help to bring inflation down immediately,” Dangote told journalists after he paid homage to President Bola Tinubu at the latter’s residence to mark Eid-el-Fitr.
The businessman said his petroleum refinery had been selling diesel at N1,200 per litre, compared to the previous price of N1,650–N1,700.
He expressed hopes that Nigeria’s economy will improve, as the naira has made some gains in the foreign exchange market, dropping from N1,900/$ to the current level of N1,250 – N1,300.
Dangote said this rise in value has sparked a gradual drop in the price of locally-produced goods, such as flour, as businesses are paying less for diesel. Therefore, he asserted that the reduced fuel costs would drive down inflation in the coming months.
“I believe that we are on the right track. I believe Nigerians have been patient and I also believe that a lot of goodies will now come through.
“There’s quite a lot of improvement because, if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ¦ 1,900.
“But right now, we’re back to almost ¦ 1,250, ¦ 1,300, which is a good reprieve. Quite a lot of commodities went up.
“When you go to the market, for example, something that we produce locally, like flour, people will charge you more. Why? Because they’re paying very high prices on diesel,” he explained.
He argued that the reduced diesel price would have “a lot of impact” on local businesses.
“Going forward, even though the crude prices are going up, I believe people will not get it much higher than what it is today, N1,200.
“It might be even a little bit lower, but that can help quite a lot because if you are transporting locally-produced goods and you were paying N1,650, now you are spending two-thirds of that amount, N1,200. It’s a lot of difference. People don’t know.
“This can help bring inflation down immediately. And I’m sure when the inflation figures are out for the next month, you’ll see that there’s quite a lot of improvement in the inflation rate, one step at a time. And I’m sure the government is working around the clock to ensure things get much better,” Dangote added.
He also urged captains of industry to partner with the government to improve the lives of citizens.
“You can’t clap with one hand,” said the businessman, adding, “So, both the entrepreneurs and the government need to clap together and make sure that it is in the best interest of everybody.”

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Court Halts Amaewhule-Led Assembly From Extending LG Officials’ Tenure

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The Rivers State High Court sitting in Port Harcourt has issued an interim injunction directing the maintenance of status quo ante belum following the move by the Martin Amaewhule-led Assembly in Rivers State to extend the tenure of the elected local government councils’ officials.
The Amaewhule-led Assembly, which is loyal to the Minister of Federal Capital Territory, Nyesom Wike, had amended the Local Government Law Number 5 of 2018 and other related matters.
Amaewhule, explained that the amendments of Section 9(2), (3) and (4)of the Principal Law was to empower the House of Assembly via a resolution to extend the tenure of elected chairmen and councilors, where it is considered impracticable to hold local government elections before the expiration of their three years in office.
But the court asked all the parties to maintain the status quo ante belum pending the hearing and determination of motion on notice for the interlocutory injunction.
The court presided over by G.N. Okonkwo also ordered that the claimant/applicant would enter into an undertaking to indemnify the defendants in the sum of N5million should the substantive case turned out to be frivolous.
The court fixed April 22, 2024 to hear the motion on notice for interlocutory injunction.
Okonkwo also issued an order of substituted service of the motion on notice for interlocutory injunction, originating summons and other subsequent processes on the defendants.
The orders were made following a suit filed by Executive Chairman, Opobo-Nkoro, Enyiada Cooky-Gam; Bonny, Anengi Claude-Wilcox; and five other elected council officials challenging the decision of the Amaewhule-led House of Assembly to extend the tenure of local government areas.
Also named as defendants in the suit are the Governor of Rivers State, the Government of Rivers State and the Attorney-General of Rivers State.
The claimants/applicants are praying the court for a declaration that under section 9(1) of the Rivers State Local Government Amendment Law number 5 of 2018 the tenure of office of the chairmen and members of the 23 local government councils of Rivers State is three years
A declaration that the tenure of office of the elected chairmen and members of the local government areas would expire on the 17th of June 2024 having commenced on the 18th of June 2021 when they were sworn in.
A declaration that the defendants cannot in any manner or form extend the tenure of office of the chairmen and members of the local government areas after the expiration of their tenure.
An order of perpetual injunction restraining the defendants from extending the tenure of office of the chairmen and members of the local government areas.
An order of perpetual injunction restraining the 28th, 29th and 30th defendants (the Governor, the Government House and the Attorney-General) from giving effects to any purported extension of the tenure of the chairmen and members of the local government areas.
They also prayed for an order of interlocutory injunction directing all the defendants to maintain the status quo by not elongating the three-year tenure of the chairmen and councilors.
The claimants further sought an order of interlocutory injunction restraining the defendants from extending the tenures of the chairmen and the councilors.

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Nigeria’s Inflation Rate’ll Drop To 23% By 2025 -IMF

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In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating a significant shift in inflation rates.
Division Chief of the IMF Research Department, Daniel Leigh, highlighted the impact of Nigeria’s economic reforms, including exchange rate adjustments, which have led to a surge in inflation rate to 33.2 percent in March.
Nigeria’s inflation rate rose to 33.2 percent according to recent data released by the National Bureau of Statistics.
Also, the food inflation rate increased to over 40 per cent in the first quarter of 2024.
Leigh stated, “We see inflation declining to 23 per cent next year and then 18 percent in 2026.”
This is however different from the fund’s prediction of a new single-digit (15.5 per cent ) inflation rate for 2025 which it predicted last year.
He further elaborated on Nigeria’s economic growth, which is expected to rise from 2.9 percent last year to 3.3 percent this year, attributing this expansion to the recovery in the oil sector, improved security, and advancements in agriculture due to better weather conditions and the introduction of dry season farming.
The IMF official also noted a broad-based increase in Nigeria’s financial and IT sectors.
“Inflation has increased, reflecting the reforms, the exchange rate, and its pass-through into other goods from imports to other goods,” Leigh explained.
He added that the IMF revised its inflation projection for the current year to 26 percent but emphasised that tight monetary policies and significant interest rate increases during February and March are expected to curb inflation.
An official of the IMF Research Department, Pierre Olivier Gourinchas commented on the global economic landscape, mentioning that oil prices have risen partly due to geopolitical tensions, and services inflation remains high in many countries.
Despite Nigeria’s inflation target of six to nine percent being missed for over a decade, Gourinchas stressed that bringing inflation back to target should be the priority.
He warned of the risks posed by geo-economic fragmentation to global growth prospects and the need for careful calibration of monetary policy.
“Trade linkages are changing, and while some economies could benefit from the reconfiguration of global supply chains, the overall impact may be a loss of efficiency, reducing global economic resilience,” Gourinchas said.
He also emphasised the importance of preserving the improvements in monetary, fiscal, and financial policy frameworks, particularly for emerging market economies, to maintain a resilient global financial system and prevent a permanent resurgence in inflation.

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