Connect with us

Politics

PDP To Invest In Oil, Telecom Business

Published

on

In a bid to generate more revenue ,the ruling People’s Democratic Party (PDP) is planning to invest in oil and telecommunication businesses.

This was part of the revenue generation and investments strategies of the party, which was prepared by its National Financial Secretary, Mr. Bolaji Anani.

Anani, in a memo entitled, “Revenue generations and investments” to the National Chairman of the party, Dr  Bamanga Tukur, said it would be easy for the party to get the needed concession and operator’s licence of an oil and telecommunication firms.

Anani wrote under the sub-head “Major Sectors,” in the memo and said, “With a high degree of anonymity, we can earn reasonable short and long term returns if the venture is properly structured.

“We should be able to get (the) needed concession and operator’s licence with some measure of ease.”

It was not clear those that the party were targeting as fronts in this regard.

The Tide gathered that,  the party was already talking to some known oil markers, especially those known to be its financiers.

Other areas where the party hopes to generate funds include real estate and the establishment of print and electronic media companies.

Anani further wrote, “The establishment of PDP Holding Company Ltd is to hold and negotiate the interests of the party in all investments and business arrangements.”

On loans, the party said it planned to “raise short, medium and long term loans from financial institutions to fund the party’s investments and programmes with minimum risk.”

Meanwhile, the party is expecting the sum of N140.97m as annual contributions of the Senate President, Senator David Mark; Speaker of the House of Representatives, Alhaji Aminu Tambuwal and other members of the National Assembly.

Each of the 71 senators produced by the party is expected to pay the sum of N45million  which represents five per cent deduction from their basic salaries. Mark and Tambuwal are expected to pay more because they earn more.

Continue Reading

Politics

Kwankwaso Agrees To Rejoin APC, Gives Terms, Conditions

Published

on

The 2023 presidential candidate of the New Nigeria People’s Party (NNPP), Sen. Rabiu Musa Kwankwaso, has given terms and conditions to rejoin the All Progressives Congress (APC).
Sen. Kwankwaso, while addressing a gathering at his Kano residence, said any political alliance must recognise and respect the interests of his party and political movement.

The former two-term governor went down memory lane to recall how they founded the APC but were used and dumped.

In his words, “…those calling on us to join APC, we have agreed to join the APC but on clear agreement that protects and respects the interest of my party, NNPP and my political movement, Kwankwasiyya. No state where you go that you don’t have NNPP and Kwankwasiyya. We have gubernatorial candidates, senatorial candidates and others.

“We are ready to join APC under strong conditions and promises. We will not allow anyone to use us and later dump us.

“We were among the founding fathers of the APC and endured significant persecution from various security agencies while challenging the previous administration.

“Yet when the party assumed power, we received no recognition or appreciation for our sacrifices, simply because we didn’t originate from their original faction.

“We are not in a hurry to leave the NNPP; we are enjoying and have peace of mind. But if some want a political alliance that would not disappoint us like in the past, we are open to an alliance. Even if it is the PDP that realised their mistakes, let’s enter an agreement that will be made public,” Sen. Kwankwaso stated.

Continue Reading

Politics

I Would Have Gotten Third Term If I Wanted – Obasanjo 

Published

on

Former President Olusegun Obasanjo has dismissed long-standing claims that he once sought to extend his tenure in office, insisting he never pursued a third term.

Speaking at the Democracy Dialogue organised by the Goodluck Jonathan Foundation in Accra, Ghana, Chief Obasanjo said there is no Nigerian, living or dead, who can truthfully claim he solicited support for a third term agenda.

“I’m not a fool. If I wanted a third term, I know how to go about it. And there is no Nigerian, dead or alive, that would say I called him and told him I wanted a third term,” the former president declared.

Chief Obasanjo argued that he had proven his ability to secure difficult national goals, citing Nigeria’s debt relief during his administration as a much greater challenge than any third term ambition.

“I keep telling them that if I could get debt relief, which was more difficult than getting a third term, then if I wanted a third term, I would have got it too,” he said.

He further cautioned against leaders who overstay in power, stressing that the belief in one’s indispensability is a “sin against God.”

On his part, former President Goodluck Jonathan said any leader who failed to perform would be voted out of office if proper elections were conducted.

Describing electoral manipulation as one of the biggest threats to democracy in Africa, he said unless stakeholders come together to rethink and reform democracy, it may collapse in Africa.

He added that leaders must commit to the kind of democracy that guarantees a great future for the children where their voices matter.

He said: “Democracy in Africa continent is going through a period of strain and risk collapse unless stakeholders came together to rethink and reform it. Electoral manipulation remains one of the biggest threats in Africa.

“We in Africa must begin to look at our democracy and rethink it in a way that works well for us and our people. One of the problems is our electoral system. People manipulate the process to remain in power by all means.

“If we had proper elections, a leader who fails to perform would be voted out. But in our case, people use the system to perpetuate themselves even when the people don’t want them.

“Our people want to enjoy their freedoms. They want their votes to count during elections. They want equitable representation and inclusivity. They want good education. Our people want security. They want access to good healthcare. They want jobs. They want dignity. When leaders fail to meet these basic needs, the people become disillusioned.”

The dialogue was also attended by the President of the ECOWAS Commission, Dr. Omar Touray, Bishop Matthew Hassan Kukah of the Sokoto diocese of Catholic Church among others who all stressed that democracy in Africa must go beyond elections to include accountability, service, and discipline.

 

Continue Reading

Politics

Rivers Assembly Resumes Sitting After Six-Month Suspension

Published

on

The Rivers State House of Assembly yesterday resumed plenary session after a six-month state of emergency imposed on the state by President Bola Tinubu elapsed on Wednesday midnight.

President Bola Tinubu had lifted the emergency rule on September 17, with the Governor of the state, Siminalayi Fubara, his deputy, Ngozi Odu, and members of the state assembly asked to resume duties on September 18.

The plenary was presided over by the Speaker of the House, Martins Amaewhule, at the conference hall located within the legislative quarters in Port Harcourt, the state capital.

The conference hall has served as the lawmakers’ temporary chamber since their official chamber at the assembly complex on Moscow Road was torched and later pulled down by the state government.

The outgone sole administrator of the state, Ibok-Ete Ibas, could not complete the reconstruction of the assembly complex as promised.

Recall that on March 18, President Bola Tinubu declared a state of emergency in Rivers following the prolonged political standoff between Fubara and members of the House of Assembly loyal to the Minister of the Federal Capital Territory, Nyesom Wike.

He subsequently suspended the governor, his deputy, Ngozi Odu, and lawmakers for six months and installed a sole administrator, Vice Admiral Ibok-Ete Ibas (rtd.), to manage the state’s affairs.

The decision sparked widespread controversy, with critics accusing the president of breaching the Constitution.

However, others hailed the move as a necessary and pragmatic step.

Continue Reading

Trending