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COVID-19: Atiku Advocates Strategic Measure For Economic Survival

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Former Vice President Atiku Abubakar has called on the federal government to build a strategic crude oil reserve with massive storage capacity that can hold at least a month’s worth of Nigeria’s OPEC production capacity.
Atiku, in a statement he personally signed, yesterday said, “If we build such infrastructure, we will not have to sell our crude at a production loss. We will be in a position to stockpile the product in our reserve until such a time as prices improve.
“The global oil market continues to suffer from the vagaries of the coronavirus pandemic, as prices continue to crash due to the sudden, massive and unexpected drop in worldwide demand for crude oil.
“The features market for commodities is a turbulent one, due to unforeseen hazards that come and go. Today, it is COVID19; tomorrow, it will be something else.
“It is time for Nigeria to protect her economy from being tossed to and fro by circumstances beyond our control. We must assert our sovereignty, by exerting more influence over the global trade in crude oil and other features”.
Atiku observed that other countries take similar measures to protect their economy, citing North American and European countries as example.
Those countries, he said, have such internal controls to protect almost every sector of their economy, stressing that Nigeria cannot be left behind.
Atiku said the country must be in business in the best interest of the economy.
“I would also strongly recommend that we discuss with our partners in the Organisation of Petrol Exporting Countries and obtain a concession, whereby we can defer our daily quota, such that when we undersell, due to a crash in the price of crude oil, we can oversell when the prices stabilize, subject to the condition that we balance out our quota.
“Nigeria’s oil industry remains more susceptible to outside influences, than to internal control. This measure can flip that, and make our oil industry more stable, even when there is global instability. This will translate to greater economic independence on our part,” he added.

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Rivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance

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The Pan Niger Delta Forum (PANDEF) has called for restraint and mutual forbearance over the recent political development in Rivers State.
The Forum has also set up a high level Reconciliation Committee chaired by a former Attorney-General and Minister of Justice the Federation, Chief Kanu Agabi (SAN).
This is contained in a press statement released in Abuja on Saturday.
The statement was jointly signed by PANDEF’s Board of Trustees Co-Chairmen, Chief Alfred Diete-Spiff, and Obong Victor Attah (a former governor of Akwa Ibom State), as well as PANDEF’s National Chairman, Chief Godknows Igali.

 

Accordingg to the statement, the Board and National Executive Committee of PANDEF, noted with very grave concern the recent spate of political developments in Rivers State.

“Regrettably, these developments have now degenerated into the decision of the Rivers State House of Assembly to commence impeachment proceedings against the governor and deputy governor.

“This is a deeply disturbing situation that demands urgent attention in order to forestall further escalation and breakdown of law and order.

“This concern is heightened by the critical importance and strategic centrality of Rivers to the Niger Delta region and to the broader socio-political stability and economic wellbeing of Nigeria as a whole”, the statement said.

The Forum called on all parties involved in the resurgent political imbroglio to sheathe their swords and embrace peace.

“This should be guided by the principles of give-and-take, dialogue, tolerance, and political equanimity.

“All stakeholders must place paramount importance on peace, development and the welfare of the people of Rivers.

“We must now focus squarely on good governance and development of the state,” the Forum said.

PANDEF commended President Bola Tinubu, the leadership of the All Progressives Congress (APC), respected elders of Rivers State, and other well-meaning Nigerians for their previous and ongoing efforts aimed at restoring peace and stability in the state.

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Wike’s LGAs Tour Violates Electoral Laws — Sara-Igbe

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A prominent Ijaw leader and former spokesperson of the Pan Niger Delta Forum (PANDEF), Chief Anabs Sara-Igbe, has accused the Minister of the Federal Capital Territory, Chief Nyesom Wike, of violating Nigeria’s electoral laws through what he described as premature and unlawful political mobilisation across local government areas in Rivers State.

Speaking in an interview on Saturday, January 10, Chief Sara-Igbe alleged that the minister had flouted regulations governing the commencement of electioneering campaigns by moving from one local government area to another to galvanise political support.

According to him, the action amounted to a clear breach of electoral guidelines being carried out with a troubling sense of impunity that could undermine the rule of law.

“Wike has violated the electoral laws of campaigning by going from local government to local government to talk to the people. He travelled from one local government to another. As a result of his visits to local government areas, he has broken election regulations and continues to do all these things without fear of repercussions”, Chief Sara-Igbe said.

The remarks came as Chief Wike was set to round off a state-wide “thank-you” tour that covered all 23 local government areas of Rivers State.

Although the minister had described the tour as an appreciation visit following support for President Bola Tinubu in the 2023 general elections, critics say the engagements have assumed an overtly political character.

Observers note that during several stops, including recent visits to Andoni and Bonny local government areas, the minister rallied supporters across party lines under what he termed a “Rainbow Coalition,” a move widely interpreted as part of a broader political strategy.

During these engagements, Chief Wike was also reported to have made remarks perceived as a veiled challenge to the authority of Governor Siminalayi Fubara, while repeatedly referencing the 2027 elections and urging supporters to prepare to “correct the mistake” of 2023.

Chief Sara-Igbe warned that allowing such activities to continue unchecked could erode public confidence in Nigeria’s electoral process and called on relevant authorities to enforce existing laws without fear or favour.

 

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EFCC Alleges Blackmail Plot By Opposition Politicians

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In what could be described as a proactive measure, the Economic and Financial Crimes Commission (EFCC) has raised the alarm that some opposition politicians were allegedly plotting to undermine the agency ahead of the 2027 general election.

The Commission, in a statement on Wednesday, claimed that there were plans by the same group to escalate a smear campaign against its Chairman, Ola Olukoyede, to frustrate ongoing investigations and prosecutions involving prominent individuals.

The statement endorsed by the agency’s spokesman, Mr Dele Oyewale, claimed that the action was intended to distract the Commission through unfounded allegations of political bias in the discharge of its duties.

The EFCC warned that it would not stand by and watch “those recruited into this ignoble enterprise” or allow any attempt to derail it from “the patriotic task of improving public accountability in Nigeria.”

The Commission made it clear that those recruited into this venture were under close watch, adding that it would not tolerate any attempt to distract it from the patriotic task of improving public accountability in Nigeria.

“The EFCC reiterates its non-political stance in all its activities. Facts on the ground clearly show that any political actor belonging to the ruling party or opposition party, with corruption baggage, has no hiding place from the operational radar and dynamics of the Commission.

“As a matter of fact, several strong members of the ruling and opposition parties are either facing trial before the courts or being investigated by the Commission.

“It is needful that Nigerians appreciate the fact that the Commission is keeping faith with its Establishment Act in all its operations.

“Therefore, the Commission reiterates its commitment to justice, without fear or favour, in the fulfilment of its mandate,” the statement pointed out.

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