Politics
PDP Expresses Concern Over $1.2bn Loan From Brazil
The Peoples Democratic Party (PDP),has expressed concern over fresh plans by the Federal Government to secure an additional US$1.2 billion loan from the Brazilian government.
The party, in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja on Wednesday, said it was worrisome that government had such a plan in spite public outcry against the accumulation of loans from China and other foreign interests.
The Federal Government said it was seeking approval from the National Assembly for US$1.2 billion loan to address issues in the agriculture value chain.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this last Tuesday in Abuja when she appeared before the House of Representatives Committee on Finance to defend the ministry’s budget.
Ologbondiyan said that the loan would further weaken the nation and will be to the detriment of the poor masses and generations yet unborn.
He slammed the idea of using agricultural programmes as a justification for further accumulation of foreign loans, without clear terms and conditions.
The party further warned that the loan request, if approved by the National Assembly, “will exacerbate our nation’s debt burden, mortgage our agricultural sector, weaken our investment capacity and worsen our food security challenge.
“Our party invites Nigerians to note that with the US$1.2 billion (N459 billion) Brazilian loan, in addition to the N5.20 trillion borrowing already proposed in the 2021 budget, our nation’s debt burden will hit N36.2 trillion.
“This will plunge our economy into a devastating pitfall,” he said.
The PDP therefore urged the National Assembly to save the nation by being circumspect in handling the loan request in the national interest.
Ologbondiyan appealed to the Federal Government to rather look inwards and find ways to harness as well create wealth with the resources abounding in the country.
He said what Nigeria needed now is for government to be more innovative and resourceful in galvanising a productive economy.
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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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