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Nigeria Can’t Survive Another Four Years Of APC, PDP Warns

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4 years ago

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Chairman, Peoples Democratic Party (PDP) Governors’ Forum, Rt. Hon. Aminu Tambuwal, has described the ruling All Progressives Congress (APC) as a rickety vehicle that cannot take Nigeria to any destination.
Speaking at the PDP retreat in Abuja, yesterday, the Sokoto State governor accused the APC of destroying the nation’s economy.
Tambuwal said Nigeria cannot survive another four years under an APC-led Federal Government.
“Can Nigeria survive another four years of APC? The answer is a resounding NO. It is too frightening to contemplate,” he said.
The governor stated that it is time to rescue and rebuild Nigeria.
He said: “A rickety vehicle cannot take Nigeria to its destination as the nation with possibilities for greatness and progress. PDP is now once again a well-oiled, serviced vehicle that will midwife the Nigeria of our dreams.
“It is, indeed, time to Rescue and Rebuild Nigeria. Nigeria is in an urgent need for a surgical operation. Nigeria is in a permanent emergency.
“We all know what the problems are. They are man-made. And is, therefore, resolvable. It requires a focused, determined, knowledgeable and patriotic organisation of like minds to build the critical mass necessary for a great leap forward. Yes, it requires leadership, with vision and discipline.”
The former speaker of the House of Representatives stated that Nigeria is suffering from the crisis of governance.
According to him, “We suffer from a crisis of governance. The unity of Nigeria is facing unprecedented challenges. Life in Nigeria is increasingly becoming brutish and short as insecurity ravages the land. Poverty is the forte of the ordinary Nigerian. The health and education of our people has not improved.
“Our people are in want. The economy is in dire straits with the exchange rate now about N540 to a Dollar from the N150 to a Dollar when PDP left office. Prices of food stuff and essential commodities are unsustainable. Clearly beyond the reach of the average Nigerian.
“Between 35 to 40% of Nigerians are unemployed. And women and youths bear the main brunt. Bandits, kidnappers, terrorists are having a field day almost unchallenged. Our children are not safe even in their schools.
“Corruption still stalks the land. Nepotism, ethnic and religious bigotry reign supreme in today’s APC’s Nigeria. Our infrastructure is still comatose.
“Trust and hope in Nigeria is at its lowest. Our lamentations can go on, ad infinitum. But the test of leadership is the ability to solve problems. What solutions will PDP offer? What is the way forward?”
Tambuwal stated that the PDP is ready to change the fortunes of the country.
“Well, this is why we have gathered here, to brainstorm and offer policy options for Nigeria. We cannot only criticise; we must provide workable solutions and clear policy alternatives. This will be presented to the Nigerian people. A sharp contrast must be drawn with the ruling incompetent and rudderless APC administration.
“PDP has shown that it has learnt its lessons. It is ready for power in 2023 to provide hope where ineptitude currently exists.
“Where APC thrives in excuses, PDP will take responsibility. Where APC thrives in propaganda and deceit, PDP will be transparent with Nigerians. Whereas APC government thrives in insecurity, PDP will secure Nigeria. Whereas APC presides over Nigeria as the poverty capital of the world, PDP will make Nigeria prosperous. APC has wrecked our economy, but PDP will salvage it. Where APC focuses on selective anti-corruption fight, PDP will fight corruption with appropriate institutional reforms,” he said.
The governor stated that Nigeria must embrace restructuring to survive.
“It must restructure its polity, economy, security and ways of doing things. It must embrace relative autonomy and decentralisation of power. This will unleash the energies of our people, especially, the young. It is time to allow Nigeria blossom. It is doable with all hands on deck.
“We must embrace innovation and technology as a way of life. Technology will solve the youth unemployment time tomb. Technology will improve our agriculture, health, industralisation, education and indeed, it has implications and impacts on all facets of our lives. It is in this respect that we continue to condemn the twitter ban as a retrogressive action that should never have happened,” he said.

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RSG Ready For 2030 Digital Transformation

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6 days ago

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October 27, 2025

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The Permanent Secretary, Rivers State  Information and Communications Technology (ICT) Department, Mrs. Elizabeth Akani, has said the State Government was set to meet up the 2030 target of the Federal Government towards the actualization of digital economy.
Akani said this at the Rivers State Sensitization Workshops on The Adoption of Nigeria Start-up Act and National Digital Literacy framework (NDLF), in Port Harcourt, weekend.
She noted that the State was ready for both the adoption and domestication of the Act.
According to her, up to 90-95% preparation have been fully covered by the state in readiness to welcoming the digital economy Act.
“Stakeholders talked about adoption and domestication of the Act, it was fruitful. The draft has been sent to the government”, she said.
She also noted that the move was in line with the digital transformation plan of the state and the country at large.
The Convener, Start South, Mr. Uche Aniche, who made case for full ICT Ministry for the state, said such will command the needed growth in the system.
Aniche stated that until they attained the lofty height, all about Tech-knowledge and growth may not fall in place as expected.
Other tech-operators, such as the Code Garden Chief Executive Officer, Mr. Wilfred Wegwu, who welcomed the idea, said it must be done in the nearest future.
Wegwu noted that technology has taken over the world at present, adding that government at all levels needed to key into the system.
He also stated that the system play major roles in various spheres of life, including relationships and collaboration.
He also revealed that the system now was up to forth Industrial Revolution (4IR), according to global shift ranking.
It will be recalled that the State Government has recently ordered to construct ICT centres across the 23 Local Government Area of the state in order to meet up the yearnings of the technology world.
By: King Onunwor
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Industry Braces For Glut And Investor Demands

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1 month ago

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September 29, 2025

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The oil and gas industry is in for a tough year ahead, as it must balance financial discipline, shareholder returns, and long-term investments in the sustainability of the business—while navigating a hypothetical glut.
The warning comes from Wood Mackenzie, which said in a new report that the industry was faced with conflicting trends over the next year that would make decision-making challenging. Among these is an expectation that the market would tip into an oversupply, pressuring prices, while the demand outlook for oil over the long term brightens up, motivating more investments.
“Oil and gas companies are caught between competing pressures as they plan for 2026. Near-term price downside risks clash with the need to extend hydrocarbon portfolios into the next decade. Meanwhile, shareholder return of capital and balance sheet discipline will constrain reinvestment rates,” Wood Mackenzie’s senior vice president of corporate research, Tom Ellacott, said.
The executive added that investors would also influence decisions, as they continue to prioritize short-term returns over long-term investments. This last part, at least, is not unusual in the current investment environment across industries. It could, however, make life even more difficult for oil and gas companies for a while.
The glut that Wood Mackenzie analysts expect is the same glut that the International Energy Agency has been expecting for a while now. Yet that very same International Energy Agency earlier this month issued a warning on the longer-term security of global oil supply, saying the industry needed to step up investment in new production because natural depletion at mature fields was progressing faster than previously assumed.
Per the report, if the industry has to maintain current levels of oil and gas production, more than 45 million barrels per day of oil and around 2,000 billion cu m of natural gas would be needed in 2050 from new conventional fields. It’s worth noting that this is maintenance of current production levels, assuming demand will not rise, which is a risky assumption.
Even with projects ramping up and new ones approved for development and not yet in production, a large gap still exists “that would need to be filled by new conventional oil and gas projects to maintain production at current levels, although the amounts needed could be reduced if oil and gas demand were to come down,” the IEA said.
However, demand could just as well increase, heightening the degree of uncertainty in the industry and making long-term planning even more challenging—especially for companies with higher debt-to-equity ratios. Wood Mackenzie expects those with gearing of above 35% would prioritise resilience over long-term growth, while those with better debt positions would turn to divestments and asset acquisitions to improve the quality of their portfolio.
Share buybacks will also remain on the oil industry’s table as a favorite tool for making shareholders happy, although, Wood Mac notes, these tend to dry up when oil slips below $50 per barrel. Interestingly, the analytics company does not seem to factor into its analysis a scenario where prices might go up instead of down, especially now that President Trump has signaled he would be willing to step up pressure on Russia to bring a swifter end to the war in Ukraine.
If prices do rise, for whatever reason, including failure of the massive 3-million-bpd glut that the IEA predicted to materialize, then the immediate outlook for the oil and gas industry becomes different—but not too different. Companies have already demonstrated they would not return to their old ways of splurging when times were good and tightening belts when times were bad. They would likely stick to spending caution and shareholder return prioritization, regardless of prices.
By Irina Slav
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City Crime

ECN Commences 7MW Solar Power Project In AKTH

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1 month ago

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September 22, 2025

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As a landmark intervention designed to guarantee uninterrupted electricity supply, the Energy Commission of Nigeria (ECN), has commenced a 7MW solar power project at the Aminu Kano Teaching Hospital (AKTH)
The project is the outcome of ECN’s comprehensive energy audit and strategic planning, which exposed the unsustainable cost of diesel and the risks associated with AKTH’s dependence on the national grid.
Working in close collaboration with the Federal Ministry of Innovation, Science, and Technology under the coordinating leadership of Chief Uche Nnaji, the ECN planned and executed this critical project to secure the hospital’s energy future.
The Director – General, ECN, Dr. Mustapha Abullahi, said “the timing of this intervention could not be more crucial” recalling that only days ago, AKTH suffered prolonged power outages that tragically claimed lives in its Intensive Care Unit.
“That painful incident has strengthened our resolve. With this solar installation, we are ensuring that such tragedies are prevented in the future and that critical medical services can operate without fear of disruption”.
Abdullahi stated that the project is a clear demonstration of the Renewed Hope Agenda of President Bola Ahmed Tinubu in action and reflects ECN’s commitment to making Nigeria’s energy transition people-centered, where hospitals, schools, and other essential institutions thrive on reliable, clean, and sustainable power.
The ECN boss further reaffirmed ECN’s commitment to continued deployment of innovative energy solutions across the nation.
“This is not just about powering institutions; it is about saving lives, restoring confidence, and securing a brighter future for Nigerians”, he stated.
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