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2023 Presidency: Peter Obi Cries Out Over Suppression Of Igbo
The running mate to the Peoples Democratic Party (PDP) 2019 Presidential Candidate, Peter Obi, has lamented that the South-East has not been treated fairly in the political leadership of Nigeria.
Obi claimed that every part of the country has been treated with equity but that the South-East has not been treated fairly.
He stated this while reacting to the possibility of the South-East producing Nigeria’s President in 2023.
Featuring on Arise News morning show, the former Anambra State governor said there were people who could govern this country effectively and who have the capacity to turn the economy around for good, but that Nigeria’s flawed electoral process would not allow it.
He said: “It is only fair that you treat every part of the nation fairly and equally. Are Igbos being treated fairly? The answer is no…For me, I believe we should restructure this country in such a way that every part of the country would be competitive and we would get the best out of our resources.”
Obi also described the 2020 budget recently presented to the National Assembly as ‘empty’, stressing that it would not enhance production and growth of the micro, small and medium scale industries.
He said: “We have not looked at the quantum of the budget compared to the size of the country. I have made a study of the budget of about 24 countries and I have followed it religiously and I can give you an example of what is happening.
“Let us use examples of the BRICS (Brazil, Russia, Indonesia, China and South Africa) nations and the MINT economies (Mexico, Indonesia, Nigeria, and Turkey). Of all these countries, there is none whose budget is less than 15 per cent of its GDP, except Nigeria.
“Brazil has a population of 210 million people, with a GDP of $3billion, their budget is $803trillion. Nigeria has a population of 200 million people and a GDP of $400billion and the budget for 2018 was $22billion.
“If you look at all these countries and share their budget with their population, you will see that Nigeria is the worst, yet none of them have more than five per cent of their people living under poverty. In our own case, 50 per cent of our people are living under poverty and our budget is so low.
“This 2020 budget that we are clapping about is not up to Indonesia’s budget for education. So, we have a crisis, and we need to look at what these countries are doing right that we are not doing. The budget that you think is big is empty in itself, and to worsen it, you cannot fund it. Raising revenue is very simple.
“The only way to increase revenue is to create more employment. The more people are employed, the more revenue you get. If you pull 40 million people out of poverty, you can increase revenue through the tax they pay. But you are not creating jobs and you are now over-taxing the few who are struggling to make ends meet. Are you going to tax jobless people? Or will you tax those whose businesses are already closing?
“I spoke about debt in 2017 but because I’m just a trader, and I don’t work in World Bank, no one listens to me. Our debt is toxic. There is nothing wrong in borrowing if we are borrowing for production. If you are borrowing for consumption, you have a crisis because you can’t pay it and that is why we are having problems today”, Obi added.
The 2025 annual general meeting (AGM) and conference of the Rivers/Bayelsa states chapter of the Manufacturers Association of Nigeria (MAN) has come to a close with a strong call for both states to drive the blue economy.
The communique just issued after the AGM pointed to what it called emerging prospects in fish processing, seaweed cultivation, ship repair, and marine technology.
The communique which also mentioned human capital gaps that must be filled through technical and vocational training that are aligned with modern industrial needs, said the blue economy represents a viable pathway for Nigeria’s industrialisation.
It said MAN and Arican Marine Environment Sustainability Initiative (AFMESI) have the capacity to unlock Nigeria’s blue economy sustainably and inclusively, but said the region required dedicated infrastructure upgrades, including roads, waterways, and power.
The communique was signed by Vincent Okuku (Chairman of Rivers/Bayelsa States Branch); Michael Nosa Agana (Branch Vice Chairman/Chairman AGM planning Committee); and Chibuzor Eze (Executive Secretary, Rivers/Bayelsa States Branch).
The resolutions said the future of the Niger Delta economy lies in diversification rather than dependence on extractive industries. “Technology and innovation, value addition and local processing, strategic infrastructure, and a skilled workforce are essential pillars for the future of manufacturing in the region.
“Governments in the region must intensify support for manufacturing activities. Various forms of collaboration across sectors should be actively encouraged.”
It specifically advised Bayelsa and Rivers States to fully develop and harness the blue economy as strategic gateways for sustainable growth; and called for cross-border partnerships with neighbouring states to enhance trade, security, and environmental management.”
The Rivers/Bayelsa States branch of MAN held its first (41st) AGM outside Port Harcourt for the first time, hosted by Bayelsa State Government at the Chief D.S.P. Alamieyeseigha Memorial Banquet Hall, with the theme: ‘Trade, Technology, and the Future of Manufacturing in the Niger Delta.’
In his welcome address, the chairman of the branch, Okuku, commended the Bayelsa State Government under the leadership of Gov Douye Diri for its efforts in industrial development, investment promotion, and strong partnership with the private sector.
He also acknowledged the Rivers State Government for its commitment to rehabilitating industrial clusters, improving access roads, and delivering key infrastructure.
He, however, expressed concern over persistent challenges such as high energy costs, unreliable electricity supply, weak transport systems, rising logistics expenses, multiple taxes and levies, inconsistent regulatory frameworks, and pressure from host communities, which continue to hinder manufacturing growth in both states.
The President of MAN, Francis Meshioye, noted that the Niger Delta, with its abundant resources and strategic location, holds vast potential for industrial expansion. He called for policy frameworks that promote local manufacturing, enhance trade, and attract investments to the region.
Goodwill messages were delivered by the Minister of the Federal Ministry of Regional Development, Abubakar Momoh, represented by Wasa Festus, Director of Community Development and Education. Another goodwill message was also presented by the Bayelsa State Commissioner for Trade, Industry and Investment, Ebieri Jones.
In his remarks, Gov Diri praised MAN for its contributions to Nigeria’s manufacturing sector, noting its resilience, innovation, and strategic role in national development. He stated that the conference theme aligns with his administration’s mantra of “Assured Prosperity.”
Gov Diri offered 24-hour service to manufacturers wishing to relocate to the state, and highlighted the State’s ongoing transformation through deliberate investment in infrastructure, security, and human capital aimed at positioning Bayelsa State as a hub for industrial growth, particularly in the blue economy, agriculture, and manufacturing.
He further noted that hosting the 41st AGM fulfilled a long-desired aspiration of the State following the successful 2024 MAN event in Port Harcourt, Rivers State. He officially declared the exhibition open.
The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.
The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.
In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.
The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.
“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.
This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.
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