News
Economic Crisis: PDP Demands Buhari’s Resignation
The Peoples Democratic Party had railed against President Muhammadu Buhari, accusing his administration of incompetence, and saying he should step down after the nation slipped into economic recession.
“We join all well meaning Nigerians to call on President Buhari to resign if he is unable to reverse the disastrous economic decline he has brought on Nigerians,” the party said hours after figures released by the National Bureau of Statistics confirmed that Nigeria had slipped into recession.
The NBS said Nigeria’s Gross Domestic Product contracted by 2.06 per cent, marking the first major recession in 29 years for Africa’s largest economy.
Analysts have long predicted that Nigeria’s economy was heading for a recession amid a shrinking naira and diminishing revenues occasioned by low crude prices.
The downward spiral has led to an increase in the number of Nigerians struggling to eke out a living, fueling fears of an outbreak of social unrest.
Behavioural economic experts and religious leaders recently raised concerns about the dangers of leaving the country’s expanding youth population without means of livelihood for too long.
The PDP in its statement saw the crisis as a direct consequence of Buhari’s “ineptitude and incompetent” approach to economic management which were a rehash of the “archaic and incoherent economic policies” he similarly pursued as the head of a military junta between 1983 and 1985.
“Nothing better showcases the absolute ineptitude and incompetence of the Muhammadu Buhari administration than the GDP, Inflation and unemployment figures released by the Nigerian Bureau of Statistics today,” the PDP said in a statement signed by Deji Adeyanju, its director of new media.
“The result of these indices is that Nigeria is in its worst economic state for 29 years —dating back to 1987 when the nation had to take harsh steps to recover from President Buhari’s policies of 1984-85.”
“As with 1984-85, companies are fleeing our shores in droves. Manufacturers Association of Nigeria (MAN) recently stated that 272 companies have shut down in the past one year, Adeyanju said.
Adeyanju also quoted key aspects of the detailed data as released by the NBS and compared them with what they were before his party was voted out in 2015 after a 16-year streak.
“Portfolio investment declined to an estimated $245.3m in Q2 2016. This represents a 9.5% from $271.0m in Q1 2016 & is a far cry from $2.81bn in Q2 2015,” Adeyanju said. “A total of 4,580,602 people have lost their jobs since May 29, 2015.”
The Buhari administration, in a statement Wednesday afternoon, acknowledged the gloomy economic data, but assured of improvements in an apparent bid to assuage the fears of Nigerians.
“The just released GDP figures for the 2016 second quarter by the National Bureau of Statistics while confirming a temporary decline, has (sic) also indicated an (sic) hopeful expectation in the country’s economic trajectory,” the State House said in a statement signed by Laolu Akande.
The administration attributed the negative results to the activities of oil vandals and said other aspects of the economy were yielding intended results, indicating that Mr. Buhari might not be ready to accept growing calls for a new policy direction.
“A close look at the data shows that this outcome was mostly due to a sharp contraction in the oil sector due to huge losses of crude oil production as a result of vandalisation and sabotage.
“However, the rest of the Q2 data is beginning to tell a different story. There was growth in the agricultural and solid minerals sectors which are the areas in which the Federal Government has placed particular priority,” Mr. Akande said.
But the PDP, in its statement, said it was unimpressed by the administration’s explanations, saying it had observed a worrisome trend in the polity.
“Our dismay is worsened by the fact that every sphere of the Nigerian socio-political space (ranging from the conduct of elections, human rights, respect for the rule of law, security, technology, health etc) is negatively affected by the Buhari administration,” Mr. Adeyanju said.
News
Wike, Promise Keeper – Eze Gbakagbaka
His Majesty, Eze Oha Evo III, King Leslie Nyebuchi Eke, has described the Rivers State Governor, Nyesom Ezenwo Wike, as an astute leader and a promise keeper.
Eze Eke stated this when he spoke with newsmen at the commissioning of Rumuigbo internal roads in Obio/Akpor Local Government Area, yesterday.
Governor Wike, he said, has so far proven that he has the interest of the state at heart, and expressed satisfaction over the Governor’s continuous project execution even towards the end of his administration.
According to him, the internal roads built by Governor Wike have opened the area to new trench of business and economic activities.
He noted that the community has now become a bee hive of business activities due to the roads.
The Evo King recalled how floods ravaged the area in recent times, but said such now belong to history due to Wike’s intervention.
On the recently commissioned phase one of the Trans-Kalabari Road, he said it has exposed the riverine communities to business activities as well.
He noted that the prices of commodities in the area will now stabilise as more business operators will be trooping into the place.
“The jinx of monopolistic operation is now broken. Everyone in the area will now be moved to do one business or the order. I think the Trans-Kalabari Road is one in million. Kudos to Governor Nyesom Ezenwo Wike”, he said.
He also called on the people to jettison all forms of rancour and acrimony and give the in-coming administration under the leadership of Sir Siminialayi Fubara the needed support in order to enable him execute more people-oriented projects like the out going governor.
The monarch, who supported the idea of ‘Consolidated Government’, revealed that it would bring about rapid development in the state.
“My thinking is that Consolidation is necessary. For instance, the beauty of governance in Lagos State is that they maintained one party over the years, which has addressed the issue of abandoned projects”, he said.
The Governor Nyesom Wike-led administration has executed more projects in the state than any other government with no record of abandoned project.
By: King Onunwor
News
Pensioners Demand Separate Ministry Under Tinubu’s Govt

Nigeria Union of Pensioners (NUP) has called on the President-elect, Sen. Bola Tinubu, to create a ministry that will be saddled solely with the responsibility of addressing the plights of retirees in the country.
The South-West zone of NUP made the call after its quarterly meeting in Abeokuta, yesterday.
The Tide source reports that the meeting was attended by chairmen and secretaries of NUP from Ogun, Oyo, Ondo, Osun, Lagos and Ekiti states.
Speaking with newsmen after the meeting, the Zonal Public Relations Officer of NUP in the zone, Olusegun Abatan, said that the creation of the ministry would turn the fortunes of pensioners around in the country.
Abatan called on Tinubu to do more for pensioners when he assumed office as president.
“President Muhammadu Buhari has done quite a lot for pensioners. He really helped them and so we are appealing to Tinubu to please give the matter of pensioners serious attention.
“We want a separate ministry that will be solely addressing matters that have to do with pensioners under the administration of Tinubu,” he said.
Abatan alleged that governors of South-West states were owing pensioners in the zone huge sums as gratuities and pensions.
He urged all the governors in the zone to implement the consequential adjustment and the 35 per cent increment in pensions without further delay.
Abatan particularly cited Ogun, Ekiti and Osun states where he claimed that the gratuities of pensioners were paid last in 2012.
“They are owing arrears of pensions, gratuities and other entitlements, including gratuities and entitlements to the next of kin of some deceased pensioners.
“We want to appeal to our governors to step up their interests in the affairs of pensioners,” he said.
News
We’ll Defend PDP’s Mandate Secured During The Election In Rivers -Wike

Rivers State governor, Chief Nyesom Wike, says the Peoples Democratic Party (PDP) in the State will defend the mandate that was been given to all of its candidates in the 2023 general election.
The governor noted that soon the various election tribunals will commence sitting where the mandate will be challenged, but the PDP will stand in defence of its candidates to ensure that the mandate is not stolen.
Governor Wike gave the assurance when he spoke at a luncheon organised to celebrate the PDP candidates who won their election and have been presented with their Certificates of Return by the Independent National Electoral Commission.
Those honoured with the luncheon at the Banquet Hall of Government House in Port Harcourt on Wednesday were the Governor-elect, Sir Siminialayi Fubara, Deputy Governor-elect, Prof. Ngozi Odu and other elected Representatives of Rivers State to the National and Rivers State House of Assembly.
Governor Wike pointed to the fierce political battle that was experienced during the general election and that if not for God, the victory that PDP is celebrating today would have eluded it.
The Rivers State governor told those who have been elected to the National Assembly to support every cause that promotes national unity, while placing the interest of the State paramount at all times.
He explained the importance of working in tandem with the State on any cause, whether it is suiting to them or not, but because it is expedient in advancing the interest of the State.
Governor Wike pointed to some Rivers leaders who went to Abuja and betrayed the interest of the state. He said they have become the greatest losers and fallen out of relevance in the State.
The governor also urged the elected representatives to trend with caution and never use their elevated positions to undermine or antagonise existing leadership structure in their various local government areas.
He told them not to abandon those who have contributed sundry efforts to ensure that their emergence at the polls was successful.
Governor Wike scolded Hon. Nwanaka Okpokiri, the member representing Ahoada West State constituency, for working against the success of the PDP in the last general election, but failed.
In his speech, Rivers State Chairman of PDP, Ambassador Desmond Akawor, said there is massive celebration across the State over the victory of the party in the last general election.
He noted as astute the leadership governor Wike provided in leading the party in a fierce electoral battle that has produced youngest governor-elect in Nigeria, Sir Siminalayi Fubara.
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