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Buhari’s Re-Election ’ll Spell Doom -Secondus …As PDP Urges President To Resign Over Insecurity, Corruption …APC Has Failed Nigerians -Melaye

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The National Chairman of the Peoples Democratic Party, Prince Uche Secondus, says Nigeria will sink deeper into further crises if President Muhammadu Buhari is given another four-year term in 2019.
He said that all the promises made by Buhari that made Nigerians to vote him in 2015 had remained unfulfilled till today.
Apart from this, he said the President had divided the country along ethnic and religious lines with his alleged divisive style of governance since he assumed power in 205.
Secondus, who spoke in an interview with newsmen in Abuja, said majority of those who toiled day and night to get the President elected three years ago were regretting their action.
He said Buhari could have noticed the disaffection of Nigerians to the way he had been administering the country and that, this could be the reason he asked the governors elected on the platform of the All Progressives Congress not to rush him into taking decision on whether he would run in 2019 or not.
Secondus said, “The President may have noticed that Nigerians are eager to end his misrule and that’s why he told the governors of the APC to give him some time before he would make up his mind on 2019.
“The fact, however, is that, allowing President Muhammadu Buhari to rule for another four years as from 2019 will be disastrous for the country and its citizens.
“Buhari promised to fight corruption, he promised to fight insurgency and also revive the economy. That’s good.
“But is the fight against corruption working? Is he not shielding alleged corrupt people in his kitchen cabinet? Are we making progress in the fight against insurgency? Nobody is even talking about the economy because if we have remained where we were in 2015 when he assumed office, it would have been better.
Meanwhile, the Bayelsa State chapter of the Peoples Democratic Party (PDP) National Social Media Organisation has said Nigeria would be better off if the kindergarten President Muhammadu Buhari threw in the towel, having failed abysmally to uphold his Oath of Allegiance to protect the lives and property of all Nigerians as the chief security officer of the nation.
The statement is coming on the heels of an open acknowledgment by Buhari of the rising rate of insecurity in the land occasioned by rampant killings by armed Fulani herdsmen, endless bombings by Boko Haram and the spiralling web of public funds being “swallowed” by snakes, dragons and monkeys under the All Progressives Congress-led Federal Government, which claims to be fighting corruption.
In a statement in Yenagoa, the Bayelsa State capital, the state Coordinator of the social media group, Comrade Abeki Kokobaiye, commended Buhari for “the open confession of his failure”, adding that he should complement his inability to discharge the sacrosanct responsibility by turning in his resignation letter.
Abeki, who regretted that the president had continued to misappropriate billions of naira from the commonwealth of the people, said the recent report by Transparency International, which indicated that corruption in Nigeria had deepened under the present administration, was an open indictment of “a government that prides itself as an agent of change.
In another development, the lawmaker representing Kogi West Senatorial District, Senator Dino Melaye has taken a swipe at the ruling All Progressives Congress (APC) for failing to meet the expectations of Nigerians, many of whom he said, defied the odds to vote for Muhammadu Buhari as Nigeria’s President in the 2015 general elections.
Melaye who spoke after he was conferred with the Legislator of the Year 2017 at the Daily Asset Newspaper maiden annual awards and lecture in Abuja, also charged Nigerians to conquer fear by rising up to ask critical questions on governance and service delivery.
Prefacing his remarks with his usual coinage; “If you speak the truth, you die. If you lie, you die. I, Dino Melaye has decided to speak the truth and die,” the fiery Senator wooed the audience with his vitriolic against his own party, which he likened to the Public Complaint Commission, apparently due to its penchants for blaming past administrations for its inability to deliver on some of its electioneering campaign promises.
“The APC government has become Public Complaint Commission.
I say this without fear or favour. We have more complaints in the APC and even in the Presidency than service rendered. We cannot as a people continue like this. “The President said two days ago we should all embrace peace but I want to say without fear or favour that there can be no peace without justice.
There is hunger in the land, there is poverty in the land, and there is unemployment in the land. A lot of decision has not been taken; yet we say we want peace. The primary objective of government is the security and welfare of the people.
There is no security, there is no welfare,” he said. According to the federal lawmaker, “Nigeria is not only sick presently but equally suffers from regretful congenital abnormality. There is therefore a serious need for amelioration, palliation and correction.
The question is: are you going to be part of that correction? I want to say that in an unjust society, silence is a crime, and every one of us here today, is the reason why (sic) Nigeria is sick. “It is not about the leadership, it is the inability of the followership to check the leadership.
Today, Nigerians have become indolent, we are suffering and smiling. We are not reactionary. We are not asking questions and that is why we are where we are. “Democracy will continue to be government of the people by the people for the people but what we have today is greedocracy which is government of the greedy by the greedy and for the greedy, “he added..
Many of us are lackadaisical about the future. I delivered a lecture recently at the University of Lagos and some students from very wealthy homes, two of them said they didn’t care who the president of the country is and that it was none of their business because their parents were very successful.
I said to them that when the poor have nothing to eat, they will start eating the rich. “A time will come when it will be difficult to drive your expensive jeeps and cars on the streets.

A time will come when it would be difficult to switch on your generator because everywhere around you is dark. Will you be the only one having light? There was no kidnapping before, and kidnapping is seen as the redistribution of both ill-gotten and legitimate wealth.
People now take from the rich and they now appropriate to themselves,” he noted even as he urged the masses to be wary of the elites whom he accused of polarizing the rest of the populace.
“The elites have divided us using tribal sentiments. When you go to the hospital, there is a column for religion on your call card, a column for tribe and local government as if this will in any way facilitate your recovery. We have become too ethnic conscious.
I sponsored a bill that is about to go for a second reading. The bill is saying that we should abolish state of origin and in its place; we should have state of residence.
This is when we will have a true Nigeria when you will not need a Senator’s note to get job with the Central Bank of Nigeria, CBN or the Nigerian National Petroleum Corporation, NNPC,” he added. APC incapable of good leadership-Makarfi On his part, former Kaduna State governor and Chairman of the defunct National Caretaker Committee of the Peoples Democratic Party (PDP), Senator Ahmed Makarfi who bagged the Man of the Year 2017 award said the APC cannot provide the expected good leadership because the party is made up of strange political bedfellows.
While dedicating the prize to the entire PDP family, Makarfi promised Nigerians that the party will restore their hope and deliver on quality governance if given the opportunity again.
In a private chat with Vanguard, an elated Makarfi said the award would spur him to do more for Nigeria and her people.
“The award will surely encourage me to do much more. As the chairman of the occasion, Babangida Aliyu mentioned, APC is conglomeration of incompatible political interest groups which Senator Melaye re-echoed.
Therefore, they cannot provide good leadership,” he said. APC, not a political party-Aliyu Co-chairman of the occasion and former governor of Niger State, Babangida Aliyu also slammed the APC, saying it was never prepared for governance.
“Why is APC not doing very well? It is because it has not become a political party. It won election before becoming a political party. It is a combination of Action Congress of Nigeria (ACN), All Nigeria Peoples Party (ANPP), Congress for Progressive Change (CPC) and one-quarter of PDP,” said Aliyu who also lamented the lack of unity among leaders in the northern part of the country.
“Why is it that there is the problem of insecurity more in the North? Why is that we cannot speak with one voice?” he asked noting that while the government of President Buhari claimed to have defeated Boko Haram, herdsmen/farmers ‘clashes birthed leading to the death of many across the country.
Tambuwal, Ishaku, Abubakar, others honoured Also honoured at the event were the trio of Aminu Tambuwal, Darius Ishaku and Mohammed Abubakar, the governors of Sokoto, Taraba and Bauchi States respectively as Governor of the Year 2017. Other awardees included Nnamdi Okonkwo, Managing Director/CEO, Fidelity Bank PLC (Banker of the Year 2017); Luke Onofiok (Young Achiever of the Year 2017); Igho Charles Sanomi (Business Person of the Year 2017 and the Afe Babalola University, Ado-Ekiti (University of the Year 2017).

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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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