NEWS
2023: Peter Obi promises to boost electricity, implement Diaspora voting
The Labour Party flag-bearer for the 2023 presidential election, Mr Peter Obi, has pledged to increase electricity generation, address the brain drain, and implement Diaspora voting, among others if elected.
Obi made the pledge on Sunday at Columbia University, New York while having a conversation on economic and government policy with Columbia’s Africa Business Club, Black Law Students Association, and the Nigerian Diaspora in New York.
This event is part of his “Good Governance Series: The role of Nigeria’s Diaspora” in the U.S., having visited five states, viz North Carolina, Texas, Washington DC, Atlanta and California.
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Obi said that South Africa which produces 50,000 megawatts of electricity had recently declared a state of emergency in the power sector for those who can generate below 100 megawatts without a licence.
“But Nigeria generates 4,000 megawatts of electricity but did not declare emergency in the power sector,’’ he said.
He told the gathering that he knew what to do and asked them to give him the opportunity to turn his plans and vision for Nigeria into reality.
“I don’t have solutions to all problems and leaders don’t, but I will consult when I need to consult,’’ he said.
The Presidential candidate said he would turn brain drain into brains in Nigeria, urging Nigerians in Diaspora to be investors instead of doing social welfare for people to eat and do burials.
On Diaspora voting, Obi said 2023 would be the last time Nigerians in the Diaspora would not vote, noting that if other countries in Africa can do it, Nigeria can also do it.
Speaking on the economy, he said Nigeria was blessed with rich land resources but lacked good leaders to harness the resources.
“The Netherlands generated 120 billion dollars in agricultural export in 2021 and Nigeria has a land mass bigger than the Netherlands but most states in Nigeria don’t contribute to the national purse but only take,’’ he said.
He lamented the rate of corruption in Nigeria, saying, “Corruption kills entrepreneurship, professionalism, and hard work.
“So, we must fight corruption through the President, his wife, and ministers by being honest.
He gave the example of the “Universal Basic Education Board (UBEB) fund where the money belongs to the Local Government Authorities (LGAs) but Federal Government gives the funds to States and States gives it to the LGs’’, Obi said.
He wondered why the money could not be given to LGAs directly from Federal Government and that going through the States reduced what got to LGAs.
Obi said he pushed for the funds to be given directly to LGAs during his tenure as Governor.
The candidate also wondered why the Federal Government could not dialogue with ASUU to call off the strike while the government could dialogue with bandits.
On borrowing, he said there was nothing wrong about borrowing but frowned at borrowing for consumption.
“We consumed what we borrowed and so it didn’t add to our growth. We should borrow for production. America and China borrow.
“All the G7 countries borrow so nothing wrong in debt but we should use debt to keep our economy growing,’’ he said.
In addition, he said the 2023 election would not be about right, saying, don’t vote for me because I am from the southeast. If you go to the North, it is not safer than the South.
“It will not be about religion; Muslims don’t buy bread cheaper than Christians.
“2023 election will not be about my turn; it’s not anybody’s turn. It is not a chieftaincy title; it’s about the election. It will not be about connection,’’ he said.
According to him, when people say Peter Obi does not have structure, let me tell you, the structure they are talking about is the structure of criminality, the structure of corruption; that is the structure I want to dismantle.
“2023 election will be about a character we can trust, competence, capacity, commitment to do the right thing.’’
Earlier, Obi had met with some Nigerians in Germany, Italy, and Canada over his presidential ambition and plans to move Nigeria into a better country.
He also visited the Vatican City in Rome, where he attended the ceremony where a Nigerian, Bishop Peter Okpaleke of Ekwulobia Diocese, was elevated to a Cardinal in the Catholic Church
Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.
In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.
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He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.
The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.
“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.
He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.
“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.
Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.
“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said
He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.
“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”
Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.
He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.
“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.
Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.
“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.
He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.
The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.
In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”
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The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.
Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.
The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.
With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.
Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.
The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.
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Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.
He urged the committee to carry out its assignment thoroughly and within the bounds of the law.
In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.
“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.
“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”
The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.
“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”
He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.
“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.
The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.
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