Politics
PDP Rues Lagos Gov’s N250bn Loan Request
The Lagos State chapter of the Peoples Democratic Party (PDP) has called on the state’s House of Assembly to summon Governor Babajide Sanwo-Olu to explain his assertion that the state will not be able to generate internal revenue for the remaining period of the year.
The PDP was reacting to the Governor’s letter to the Lagos State House of Assembly to approve a N250 billion loan for the state.
Sanwo-Olu in a recent letter to the lawmakers said the budgetary provisions for both recurrent and capital budget of Ministries, Departments and Agencies were not likely to be utilised before the end of the year and the sum of N34.050 billion could be re-ordered.
He added that the government was constrained by the lack of revenue for the remaining months of the year and, as a result, would not be in a position to propose a supplementary budget; hence, the recourse to re-ordering 2019 budget.
The state PDP, however, in a statement signed by its Publicity Secretary, Taofik Gani, said that the assertion that the state cannot generate additional revenue was false and misleading.
“We declare this assertion as very uninformed and deliberately to divert the state internally generated revenue (IGR). We have intelligence report that the state IGR is now around N60 to N70 billion every month, but that the actual collections are never made public. What the Lagos House of Assembly should rather do is to summon the Governor, and his Commissioner for Finance, to explain to Lagosians how the state would not have IGR for the remaining months in the year,” the party stated.
“The PDP states that the loan request must be opposed by Lagosians because the request is made under very unclear needs and, unless the Governor allows public defense of the loan request, we hold that 60 per cent of the sought loan is to be shared essentially to placate the chieftains of the APC.”
The PDP also called on the House of Assembly to reappraise revenue collection in the state to make Alpha Betta, the company that collects revenue on behalf of the state, account for every penny it collects on behalf of the state.
“Indeed, the time is now over due for the IGR collecting private company, Alpha Betta, to be reappraised and brought to account to Lagosians. Lagosians have long been shortchanged,” the PDP said.
It accused the Sanwo-Olu administration of needlessly trying to plunge the state into terminal economic misdirection with a loan it said is not meant to develop the state but to be shared among political associates.
“As it is, Lagos State is already indebted to over N2 trillion as local and foreign loans; whereas, there are indeed no projects to evidence such colossal debt. All the assumed developments in the state are pivoted by private investors, philanthropic individuals and donor organisations.
“Lagosians are at the lowest ebb of development relative to the colossal debt incurred and meant for developments. Now experiencing worst distress and economic hardship, the so called emergencies declared by Governor Sanwo-Olu have all turned out to be mere political statements compelled to feign concern. This is so as no evidence of immediate actions can be noticed,” Gani said in the party statement.
The party spokesman cautioned that any attempt by the House of Assembly to approve the loan request will be tantamount to the lawmakers declaring a vote of no confidence on itself.
Politics
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He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
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Politics
Makarfi Resigns As PDP BoT Secretary
Senator Makarfi’s resignation comes on the heels of the national convention that saw the emergence of the new Chairman of PDP, Dr Kabiru Tanimu Turaki (SAN).
In his letter of resignation, which was addressed to the PDP BoT Chairman, Senator Adolphus Wabara, and made available to journalists in Kaduna on Monday evening, the former governor said, “Chairman and Members of the Board of Trustees may recall that about two months ago I had resigned as Secretary of the Board and posted same on the Board’s WhatsApp platform.
“Mr Chairman, you may also recall that you personally urged me to stay on until after a convention that produced a Chairman.”
He added that the principal reason he initially tendered his resignation then “and now, was and is still my belief that the National Chairman of the Party and Secretary of the Board of Trustees should not come from the same geopolitical zone.
“Now that a chairman has emerged from the North West, where I come from, it’s necessary to give him full space to do the needful. Accordingly, I hereby formally resign as Secretary of the Board of Trustees of the Peoples Democratic Party with effect from today, November 17th, 2025.”
While commending the BoT Chairman for his support during his tenure as Secretary of the Board, he stressed, “I truly appreciate the very respectful relationship between us during my period as Secretary,” adding that, “I also appreciate all Board members for their support and the good relationship that prevailed during my period as Secretary.”
Meanwhile, Dr Turaki on Monday pledged to ensure that power returns to the Nigerian people, urging the judiciary to uphold the tenets of democracy.
Dr Turaki, while giving his acceptance speech after the swearing-in of new officers at the end of the Elective Convention of the PDP in Ibadan, assured that there will be “no more impunity, no more suppression of the will of Nigerians”.
The chairman appealed to the judiciary to uphold the principles of stare decision, abiding by the decisions of the Supreme Court, and not to “willingly or unwillingly put yourselves in a situation where, rightly or wrongly, it may be assumed, correctly or incorrectly, that you are part and parcel of the process to truncate Nigerian democracy.”
According to him, the new leadership of the party would be open to listening to the yearnings of members, with a view to aligning with their will, declaring that “No more monkey dey work, baboon dey chop,” adding that “if baboon wants to chop, baboon must be seated to work.”
He noted that the PDP has maintained its original name, motto and logo, unlike the other parties that started with it, making it a recognised brand anywhere in Nigeria.
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