Politics
Obasanjo Morally Squalid, Attacks Leaders Out Of Frustration – Garba Shehu
Garba Shehu, the Senior Special Assistant to President Muhammadu Buhari on Media & Publicity, has described former President Olusegun Obasanjo as a morally squalid individual who attacks leaders out of frustration.
In a letter, Mr. Obasanjo claimed that Mr. Buhari had dragged the country below its 1999 status.
Reacting, Mr. Shehu in a statement on Monday, said Mr. Obasanjo is so well known to all that no one needs to describe who he is.
His statement reads: “former President Obasanjo is so well known to all that no one needs to describe who he is.
“But, four things we will like to say:
“One is that he will not stop attacking President Muhammadu Buhari because the former President won’t stop being jealous of anyone who beats him to a new record in the nation’s development process.
“President Buhari is ahead of Chief Obasanjo in all fields of national development and to do that is cardinal sin to Obasanjo whose hallucinations tell him that he is the best ever to lead Nigeria and there will never be another one better than him.
“President Buhari just completed the world class edifice that is the Second Niger Bridge after three decades of failed promises. It is now awaiting commissioning.
“Obasanjo laid the sod for the bridge in his first term as elected President and work never started.
“When he sought re-election for his second term in office, he returned to the site to turn the sod for the bridge the second time. When the Obi of Onitsha, forthright and scholarly, reminded him that he had done this in the past, Obasanjo told the foremost Southeast traditional ruler that he was a liar, in the full presence of the Chiefs and Oracles in his palace.
“Obasanjo lied to the Southeast to get their votes. President Buhari didn’t get their votes but built the bridge because he believed it is the right thing to do.
“Two, President Buhari had been bagging awards and encomiums for trying to do that which the Constitution of the Federal Republic of Nigeria says a leader should do: serve one, or a maximum of two terms and go.
“President Buhari has been stating and restating that he will supervise a better election than the one that brought him to the office and to leave as and when due.
“Having tried tenure elongation and failed, Obasanjo’s fictitious mind must be telling him that he is the one under attack.
“But he is not on President Buhari’s radar because experience has shown, especially lately in West Africa where there have been at least three successful coups and many other failed attempts, that third term or tenure elongation is a recipe for political instability.
“Furthermore, the totality of African leaders appointed President Buhari the Anti-Corruption Champion of the continent.
“You can’t be an anti-corruption champion if “you meddled and bent the rules,” carrying the putrid responsibility of what happened to national assets in the name of privatization as documented by the Nigerian Senate in 2011.
“As an insight, the Aluminum Smelter Company of Nigeria, ALSCON, which was set up with $3.2 billion, was sold to a Russian firm, Russal, for a paltry $130million. Delta Steel, which was set up in 2005, at a cost of $1.5billion, was sold to Global Infrastructure for just $30million.
“ALSCON got back $120million for the dredging of the Imo River, which was never carried out.
“Three, which is linked to the one above is the growing profile of President Buhari as the Champion of Democracy not only at home and in the West African subregion but the African continent as whole.
“As President, Obasanjo destabilized internal democracy by orchestrating impeachment after impeachment of governors who were not compliant with his highly imperial administration.
“As we said sometime back, Mr. Obasanjo’s tenure, 1999-2007, represented the dark days of Nigeria’s democracy due to a slew of assaults on the constitution.
“The former president deployed federal machinery to remove governors Joshua Dariye, Rashidi Ladoja, Peter Obi, Chris Ngige and Ayo Fayose from office. They were the then governors of Plateau, Oyo, Anambra, Anambra and Ekiti, respectively, unjustly removed using the police and secret service under his control.
“Under him, a five-man legislature met at 6:00 am and “impeached” Governor Dariye in Plateau; 18 members out of 32 removed Governor Ladoja of Oyo from office; in Anambra, APGA’s Governor Obi was equally impeached at 5:00 a.m. by members who did not meet the two-thirds required by the constitution.
“Lawmaking powers of the Rivers State legislature were transferred to the federal parliament to punish Governor Amaechi for shifting his political alliance.
“Moreover, he damned the Supreme Court and unlawfully held back Lagos State revenues due from federal sources on account of his pettiness against Governor Bola Tinubu.
“On the other hand, in Washington a few weeks ago, the US President Joe Biden at a meeting with African Heads of States and Government described President Buhari as a champion of democracy and role model for the leaders of African states.
“Clearly, Obasanjo has become even more jealous by adopting a vengeful attitude.
“Four, to say that “frying pan to fire” is the situation in Nigeria at this time should be read to mean a personal experience to him and we know what that means.
” “Hell” for Obasanjo is when a President, any President that comes after him refuses to be his own puppet, to do as he wishes on all matters and at all times.
“He then keeps attacking out of frustration.
“Obasanjo’s vengeful attitude towards President Buhari is the height of selfishness and little short of moral squalor.”
Mr. Obasanjo, recently endorsed the Labour Party Presidential Candidate, Peter Obi, while ignoring the Presidential Candidate of the ruling All Progressives Congress (APC), Bola Tinubu despite being from the same region.
Politics
Nigeria’s Debt Service Ratio Falls To 65% As Tinubu Tackles Economic Woes
In an effort to reduce Nigeria’s debt burden and stabilize the economy, President Bola Tinubu announced on Monday that the country’s debt service-to-revenue ratio has fallen from 97 to 65 percent over the 17 months since he took office.
Speaking at the swearing-in ceremony for seven new ministers at the State House, Abuja, Tinubu emphasized the government’s progress in stabilizing the economy despite challenging conditions.
READ MORE: Ibadan Man On Why He Used 76 Women For Ritual, Ate Others
“For us, it was a challenge when the nation was servicing its debt with 97 percent of its revenue. It was nothing but the edge of the cliff,” Tinubu said.
“But today, I can report to you that we have brought that down to 65 percent, and we have never defaulted in meeting all obligations, both foreign and domestic.”
His remarks follow Afreximbank’s recent projection that Nigeria’s debt service-to-revenue ratio could reach 110.4 percent by 2024.
Afreximbank’s 2024 Nigeria Country Brief warned of a troubling upward trend in debt servicing, which could see the ratio surge from 33.8 percent in 2017 to a projected 110.4 percent next year.
However, with continued reforms, the report suggested the ratio might decline to 62.6 percent by 2025.
In the first nine months of 2023, debt servicing consumed 66.9 percent (₦5.79 trillion) of Nigeria’s total revenue, a slight improvement from 99.3 percent (₦4.23 trillion) during the same period in 2022.
Tinubu, while optimistic about economic recovery, acknowledged the ongoing struggles faced by Nigerians due to a sharp increase in the cost of living triggered by recent economic reforms.
“We have taken the bull by the horns,” the President asserted. “We have stopped the scavengers. We will fully put an end to the profiteers and smugglers of our resources across the country. We are not shirking our responsibility; we are confronting it head-on.”
He further expressed confidence that Nigeria was on a “good path” toward recovery, emphasizing that the government remains committed to re-engineering the economy.
He cited the introduction of a new minimum wage as one measure aimed at mitigating rising living costs.
Monday’s ceremony also saw the swearing-in of seven new ministers, part of a recent cabinet reshuffle.
In two batches, ministers including Idi Maiha (Livestock Development) and Dr Jumoke Oduwole (Industry, Trade, and Investment) took their oaths.
The reshuffle, which saw 10 ministers reassigned, five discharged, and seven new appointments confirmed by the Senate, reflects Tinubu’s stated commitment to reshaping his cabinet to meet Nigeria’s evolving challenges.
As the administration continues to implement reforms, President Tinubu emphasized a long-term vision for economic sustainability, not only for the current generation but also for future ones.
“Despite the challenges, we must undertake the job of re-engineering and retooling this country’s economic path,” he said.
Politics
Edo Deputy Gov, Omobayo Ordered To Court Over Refusal To Vacate Office
A Federal High Court in Abuja has mandated that Godwins Omobayo, the Deputy Governor of Edo State, appear in person on November 26, 2024, following allegations of contempt of court stemming from his failure to comply with a previous ruling.
Justice James Omotosho issued the order on Monday, asserting that Omobayo, described as the alleged contemnor, must be afforded a fair hearing in accordance with Section 36 of the 1999 Constitution (as amended).
READ MORE: Bobrisky Flees Nigeria Amid Legal Turmoil
The court action was initiated by Philip Shaibu, who was reinstated as Deputy Governor after the court invalidated his impeachment by the Edo State House of Assembly on July 17.
Justice Omotosho ruled that the impeachment proceedings lacked due process and that the grounds for Shaibu’s removal did not constitute gross misconduct.
Shaibu’s suit targets several parties, including the Inspector-General of Police and the Edo State House of Assembly, seeking enforcement of the court’s judgment and demanding that Omobayo vacate the deputy governorship position.
Omobayo assumed office on April 8, following Shaibu’s impeachment.
During the court proceedings, it was revealed that Omobayo was served legal documents but failed to appear.
In response, Shaibu’s attorney, Ayotunde Ogunleye, SAN, urged the court to compel Omobayo’s attendance, citing the need to uphold judicial authority.
In delivering his ruling, Justice Omotosho adjourned the case until November 26 for further proceedings.
He directed that hearing notices be served to the 1st, 2nd, 3rd, and 5th defendants involved in the charge.
“In the interest of justice and to provide the alleged contemnor with an opportunity to defend himself and receive a fair hearing, in accordance with Section 36 of the 1999 Constitution (as amended), I hereby order that the alleged contemnor appear in court in person on November 26, 2024,” the judge stated.
It is noteworthy that the current tenure of the state government is set to conclude on November 12.
Politics
Presidency Fires Back At Atiku
On the heels of the salvo fired by the presidential candidate of the Peoples Democratic Party (PDP) in Nigeria’s 2023 elections, Atiku Abubakar, signalling what might be a long-drawn hot exchange of words, the Presidency has made what it called ‘our initial response to Alhaji Atiku Abubakar’.
This was contained in a statement put out on micro-blogging site, X, Sunday by the Special Adviser to the President (Information and Strategy), Bayo Onanuga.
The former vice president had detailed the shortcomings of the President Bola Ahmed Tinubu administration, making efforts to detail what he would have done differently, that would have better results for Nigeria.
In a swift response, the Presidency countered that Atiku and his ideas “were rejected by Nigerians in the 2023 poll”, based on his antecedents.
The statement reads, “OUR INITIAL RESPONSE TO ALHAJI ATIKU ABUBAKAR
“We have just read a statement credited to former vice president Alhaji Atiku Abubakar, in which he tried to discredit President Bola Tinubu’s economic reform programmes while pushing his untested agenda as a better alternative.
“First, Alhaji Atiku’s ideas, which lacked details, were rejected by Nigerians in the 2023 poll.
“If he had won the election, we believe he would have plunged Nigeria into a worse situation or run a regime of cronyism.
“Abubakar lost the election partly because he vowed to sell the NNPC and other assets to his friends. Nigerians have not forgotten this, nor would they be comforted by Atiku’s antecedents when he ran the economy in the first term of President Olusegun Obasanjo’s government between 1999 and 2003.
“As vice president, Atiku supervised a questionable privatisation programme. He and his boss demonstrated a lack of faith in our educational system, and both went to establish their universities while they allowed ours to flounder.
“Talk is cheap. It is easy to pontificate and deride a rival’s programmes even when there are irrefutable indices that the economic reforms yield positives despite the temporary difficulties.
“Despite the futile attempt to hoodwink Nigerians again in his statement, it is gratifying that the former Vice President could not repudiate the economic reforms pursued by the Tinubu administration because they are the right things to do.
“His advocacy for a gradualist approach only showed that he was not in tune with the enormity of problems inherited by President Tinubu.
“It is so easy to paint a flowery to-do list. It is expected of an election loser.
“President Tinubu met a country facing several grave challenges. Fuel subsidies were siphoning away enormous resources we could ill afford, and there was criminal arbitrage in the forex market.
“No leader worth his name will allow these two economic disorders to persist without moving to end them surgically.
“While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been taken decades ago by Alhaji Abubakar and his boss when they had the opportunity.
“Alhaji Abubakar calls for empathy and a human face to reforms. We have no problem with this as it resonates well with our administration’s focus. President Tinubu has consistently emphasised the need for compassion and protection of the most vulnerable.
“The administration has prioritised social safety nets and targeted support for those affected by recent economic transitions.”