NEWS
Obi at Arewa House, says Nigeria’s Wealth resides in North
By John Danjuma
The Presidential Candidate of the Labour Party in the 2023 General elections, Peter Obi, has described the Northern Nigeria as the reservoir of the nation’s wealth, promising to give the region premium place in his administration.
This was contained in a statement issued from the Obi-Datti Media Campaign office.
Obi made his presentation titled ‘the unmet Needs of the North’ at the Arewa Joint Committee Interactive Session at the Arewa House Auditorium, Kaduna, on Monday.
He said the region is strategic to the development plans of Obi-Datti administration if elected President in 2023.
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“We shall pay as much attention to the development of the North as to the development of all other parts of the country; but with greater emphasis on the development of the Agricultural resources. The North remains where the biggest and sustainable wealth of this great Nation lies.”
The LP Candidate said that they intend to pursue aggressively policies, programmes and projects to enhance the productivity and competitiveness of all the sectors of the Nigerian economy.
And will in particular do the following in the North; “offer immediate and decisive long-lasting and permanent-effect resolution of all security challenges in the North; Ensure that farmers return to all farmlands for the 2023 farming Season. We will make Nigeria’s arable land in the North her new oil and gold.
And as part of our Marshall Plan for Education, “we will foster Federal intervention in education at all levels in the North and partnership with State Governments and international organizations in order to improve access to affordable and quality education at all levels; Ensure very adequate representation in government, equitable appointments especially in the Security and Economic Sectors; Incentivize the resuscitation of the moribund cotton and textile industries; and full exploration of the cattle economy value chain, notably the $75b global hide and skin economy.
He announced that Nigeria’s share of the global industry is envisaged to generate over $1bn by 2025; and his administration will ensure very generous deployment and allocation of economic and social projects and infrastructure in the North – with keen attention to Roads, Energy, Power, and Dams- and Solar energy from Sunlight.
Obi said that a new New Nigeria is possible and the Nigerian people want solutions to the many problems confronting them.
“But we must return to the dreams of our founding fathers to create an egalitarian society. The Nigeria we seek will be a United and Secure Nigeria that symbolises the spirit, letters, and exhorting ethos of our national anthem – “one nation bound in freedom, peace and unity” where “peace and justice shall reign.”
The former Anambra state Governor said that Obi-Datti ticket plans to offer Nigerians purposeful leadership with the fear of God and with all good conscience and intent. where the Constitution and the rule of law will always prevail.
Obi also told his audience that includes Northern Corporate and Political leadership that Nigeria situation got this bad because “Our leaders became selfish, myopic and stopped listening and caring for the common man. Bad leadership, divisive rhetoric, and impunity became the norm. Nigerians have suffered; they have lost jobs, and lost their farms and herds and their trust in our leaders. That narrative must change.”
The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.
In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’
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The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.
He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.
Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.
“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.
“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from
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.
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