Politics
Coronavirus: Atiku Wants Nigeria, Others To Seek Debt Forgiveness
Former Vice-President Atiku Abubakar on Tuesday raised alarm that Nigeria and other African countries had yet to see the worst of the effects of coronavirus pandemic.
He, therefore, urged Nigeria and other African countries to unite and seek debt forgiveness.
Atiku, in a statement, titled, ‘What Africa must do to mitigate the damaging effects of coronavirus,’ also called on Nigerian leaders to make sound economic decisions to save the country from economic strangulation.
He said, “Nigeria and other African nations are yet to see the worst of the effects of this scourge. That is why we should unite and seek debt forgiveness, as a direct consequence of the impact of this pandemic on our economies.”
He noted that before the novel coronavirus pandemic hit the globe, Nigeria spent 42 per cent of its earnings on debt servicing. Atiku cautioned that even if Nigeria devoted 100 per cent of its income to rebuilding the economy, it still would not be enough.
The ex-VP said, “Had we closed our ports of entry early, we would probably have had better reasons to be hopeful.
“Even when we are able to avoid a high human toll from this virus, we would not be able to escape a much higher economic toll. We may have a recession. The challenge right now must be to mitigate it since we cannot avoid it. Already, we see forced currency devaluations from the Cape to Cairo. These will no doubt lead to internal inflation, which will spell trouble for nations like Nigeria that have a high external dollar debt burden.”
According to him, the government of the President, Major-General Muhammadu Buhari (rtd.) lacks competent hands. He added that budgets for some agencies and institutions did not show sound economic decisions.
Politics
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
Mr Ojukwu, who recently returned to the interim National Working Committee led by Senator Esther Nenadi Usman, noted that the party had 34 elected members in the House of Representatives, eight Senators, and 80 members at the state Houses of Assembly after the 2023 general elections.
“Now we lost all of them,” he said. “I don’t think we have as many as five members in the National Assembly.”
The former national officer of the LP talked to journalists in Abuja and said he chose to join the caretaker committee led by Senator Nenadi-Usman because they are now the officially recognized leaders of the Party.
“I chose to work with the caretaker committee to help save the Labour Party, for the benefit of the party. I also want to use this chance to ask my colleagues at the national, state, and local government levels to come together and help rebuild our party.
“Another election is around the corner. We lost everything we have. They have left to other political parties. So I’ll reach out to all my friends in the other group to get together and work on making this party stronger again.
“The caretaker committee has formed a reconciliation committee. Let’s come together and talk so that we can restore the first opposition political party in Nigeria.”
Mr Ojukwu, who was part of the Julius Abure’s group, said there are no more factions in the LP.
He added, “There is a court ruling, and since it is valid, the right people are in the correct positions.”
He urged Barr Abure and others to drop the legal cases they have filed because they are not helping the party.
“Litigations are killing political parties”, he said. “They’ve seen many political parties disappear because of legal battles, and the Labor Party is losing support every day, which makes me feel sad.”
Mr Ojukwu said he did not think joining the Senator Nenadi-Usman’s NWC was a betrayal of the Abure group, describing himself as “the oxygen” of that faction.
“I’m with this group because of the verdict. But I never betrayed anybody. Rather, I was betrayed,” he added.
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