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Obi Considers Tinubu’s 2024 Fiscal Budget ‘Crazy’

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2023 Presidency: Obasanjo's Endorsement Of Peter Obi Worthless - APC Presidential Campaign Council

 

. . . Laments Frivolous Allocation Of Over N20bn For VP’s House

 

Presidential Candidate of the Labour Party in the 2023 elections, Peter Obi has put the proposed 2024 budget of the President Bola Ahmed Tinubu administration under the microscope, lamenting the crazy wastefulness enshrined therein.

Obi claimed that he was still studying the document, which is being hurriedly passed by the National Assembly, took to his verified X handle to express grave concerns that priorities were being misplaced.

He expressed firm conviction that something was fundamentally wrong with the way Nigeria was being led at the moment, drawing examples from the provision for housing the Vice President, Kashim Shettima Mustapha.

According to Obi, “I am compelled to ask: what is exactly wrong with us as a country?”

It beat Obi’s imagination why budgetary allocation for housing Mustapha would cover the cost of annual salaries for 3,000 professors, when Nigeria was in dire need of human capital development, healthcare, while grappling with unemployment and underemployment challenges.

He pointed out that Nigeria, “budgeted the sum of N20.5 billion for the housing of the Vice President,” while maintaining the status of “the world’s poverty capital”, yet “more people are falling into poverty”, at such speed that several “Nigerians not knowing where their next meal will come from”.

Obi pointed to the state of health facilities in Nigeria and level of unemployment and wondered what such a colossal amount could do in such critical areas.

He lamented “that 99.9% of Nigerians can only dream of living in the current residence of the Vice President,” while some even the in employment of the Federal Government are not being paid.

In his analyses, Obi noted that “the salary of a professor in a Nigerian university is about N400,000, which without removing tax is about N5 million a year.

“What we have budgeted for the housing of the Vice President who is already luxuriously housed is, therefore, the annual salary of about 3000 professors!”

He made examples of quality decisions made by past leaders like late Gen Murtala Mohammed, who turned down land allocated for his presidential mansion and ordered that it should be developed into the popular 1004 flats in the Victoria Island area of Lagos.

“We have had leaders that were exemplary in the past.

“Most Nigerians may not know that the popular 1004 flats in Lagos, was a land allocated for the building of a Presidential Mansion for the then Head of State, General Murtala Mohammed.

“He sternly turned down the offer and instructed that the land should be used to build blocks of flats for civil servants.

Below is the full text of what Obi wrote on X in a series of tweets.

Obi wrote, “Even as I am still studying the 2024 fiscal budget as presented to the National Assembly last week, I cannot wait as I am compelled to ask: what is exactly wrong with us as a country?

“I ask this question because it is hard for me to understand some of the recent happenings in our nation, in these critical times. The recent news about a budget provision of N15 billion for the construction of a new residence for the Vice President is both shocking and disheartening, considering the many important challenges facing our nation.

“Just recently in the Supplementary Budget, the sum of N2.5 billion was included for the renovation of the Vice President’s residence in Abuja, which means that he already has a residence.

“Again, during the budget presentation, I heard the sum of N3 billion was allocated for the renovation of the Vice President’s residence in Lagos.

“If we total all these sums, we would have budgeted the sum of N20.5 billion for the housing of the Vice President at this critical time when we are not just the world’s poverty capital, but more people are falling into poverty, with so many Nigerians not knowing where their next meal will come from.

“Our health facilities have collapsed, and unemployment is skyrocketing.

“I am convinced that 99.9% of Nigerians can only dream of living in the current residence of the Vice President. Several people employed in the universities are not being paid.

“Just to give an example, the salary of a professor in a Nigerian university is about N400,000, which without removing tax is about N5 million a year.

“What we have budgeted for the housing of the Vice President who is already luxuriously housed is, therefore, the annual salary of about 3000 professors! This is the finance needed to develop the much-needed human capital.

“The budget of N5 billion for student loans, which is yet to be disbursed is only a tiny percentage of the cost of the Vice President’s new home.

“We are projecting to use four times the amount for educating ALL Nigerian indigent students to house the Vice President, and we are being told there is nothing wrong with us.

“I am sure the major teaching hospitals in Nsukka, Lagos, Ibadan, and Zaria did not receive this much capital vote in the budget this year.

“We have had leaders that were exemplary in the past.

“Most Nigerians may not know that the popular 1004 flats in Lagos, was a land allocated for the building of a Presidential Mansion for the then Head of State, General Murtala Mohammed.

“He sternly turned down the offer and instructed that the land should be used to build blocks of flats for civil servants.

“That is the kind of sacrificial leadership worth emulating. Our leaders must therefore stop the recklessness and insensitivity to the plight of the masses.

“We need leaders who show compassion and are willing to sacrifice for common progress and development. Such compassionate and frugal leaders are critical in our journey to the New Nigeria. –PO”

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‘Oseni Rufai Helped Me, Not NiDCOM’ — Ekene Chukwuma on Return to Nigeria

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Nigerian national Ekene Chukwuma has said he returned to Nigeria with assistance linked to Oseni Rufai rather than the Nigerians in Diaspora Commission (NiDCOM), while renewing allegations against the commission’s chairperson, Abike Dabiri-Erewa, over his travel documents.

Chukwuma made the remarks in an interview in which he explained how he returned to Nigeria after spending months at a deportation camp in India.

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“My name is Kenneth Chukwu, from Enugu State,” he said, introducing himself before explaining how he returned to the country.

“I came back here with the assist of Osini Roufai, a good friend of him,” he said.

Chukwuma denied that NiDCOM facilitated his return, alleging that the commission had published false information about his case.

“NiDCOM made a lots of false, uh, news acquisition against me, which is still in Abike Dabiri handle in Twitter,” he said.

He also accused Dabiri-Erewa of sharing his expired international passport and a travel certificate he claimed was issued six months after he entered the detention camp.

“He also, she also posted my international passport that expired. He also, she also posted my TC that issued after 6 months,” he said.

His comments renew questions surrounding the handling of his case and the circumstances under which he obtained the documents needed to return to Nigeria.

Chukwuma’s detention in India previously sparked a public disagreement between ARISE News presenter Oseni Rufai and Dabiri-Erewa over NiDCOM’s response to reports of his situation.

Oseni raised concerns about Chukwuma’s detention and the commission’s handling of the case, while Dabiri-Erewa defended NiDCOM’s position and explained the process for submitting information to the commission.

NiDCOM subsequently issued its account of Chukwuma’s detention, stating that he had been arrested in India over a visa overstay and addressing the circumstances surrounding his travel documents.

The differing accounts prompted public debate about the commission’s response to Nigerians facing immigration difficulties abroad.

 

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‘Who Owns NNPC?’ Rufai Grills Olabode Sowunmi Over Fuel Subsidy

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Rufai Oseni has challenged political analyst Olabode Sowunmi over the Federal Government’s 30-day petrol discount, questioning whether the intervention amounts to a return of fuel subsidy despite claims that the discount is being borne by the Nigerian National Petroleum Company Limited (NNPC).

The exchange occurred during an edition of The Morning Show on Arise News, where Oseni questioned Sowunmi about the financial implications of the petrol discount and other measures introduced to cushion the impact of fuel prices.

Oseni argued that several elements of the government’s intervention could be regarded as forms of subsidy, insisting that NNPC’s ownership structure must be considered when determining who ultimately bears the cost.

SEE MORE: ‘Another Speech to Tell Us, It Is Well’ — Oseni Rufai Reacts to Tinubu’s Address

“No matter how you try to explain it away, a subsidy is a subsidy,” Oseni said.

He challenged the argument that the discount should not be classified as a government subsidy simply because NNPC was responsible for providing it.

“We’re talking like NNPC is not owned by [the government] and heavily equity-based by the Ministry of Finance Incorporated,” he said.

Oseni identified the 30-day discount, forward sales of crude oil to domestic refineries, a proposed price ceiling, the removal of road levies and the consideration of an excess-profit tax among the measures he believed could amount to different forms of subsidy.

He argued that forward sales of crude oil to domestic refineries, with increased volumes as production grows, could help shield petrol pump prices from fluctuations in the international market.

Oseni also questioned the proposed negotiation of a price ceiling of ₦1,350 on landing and ex-country costs, arguing that government intervention to moderate prices contradicted the principle of allowing market forces to determine them.

“You are not supposed to come in to do this. Let me go back to your words: forces of market supply and demand should do this, but you have now come in to do this. That’s another form of subsidies,” he said.

He further cited the removal of road levies and cooperation with state governments under new tax laws as part of the measures requiring scrutiny.

After listing the interventions, Oseni demanded that Sowunmi explain their financial implications and identify who would ultimately pay for the petrol discount.

“But tie this with the most important question, actually, that you skipped: How much will this cost NNPC, and who pays for it? Don’t evade that question. Tell us the cost item and how much, who will pay for it,” Oseni said.

Sowunmi Defends His Position

In his response, Sowunmi argued that a government subsidy should be determined by whether the government bears the difference between the total cost of a product and its selling price.

He explained that a subsidy occurs when the government assumes the financial burden created by the gap between the cost of a product and the price at which it is sold.

“In the case of the discount that has been announced, it is borne by NNPC. So that cannot be…” Sowunmi said before Oseni interrupted.

Oseni challenged the distinction, insisting that NNPC’s ownership made it necessary to establish whether the cost could ultimately be linked to the government.

“Wait, not—who owns NNPC? Please answer. No, no, a straight question, and you can go ahead. Who owns NNPC?” Oseni asked.

Sowunmi responded that he had been invited to contribute to the discussion and should be allowed to complete his explanation.

“You asked, you asked NNPC because you believe—you asked me a question because you believe I have something to say. You cannot—you cannot tell me how to talk, so just be…” he said.

Oseni subsequently repeated his question about NNPC’s ownership, prompting Sowunmi to urge him to exercise patience.

“Basically, you need to be a bit patient and just…” Sowunmi responded.

The available transcript ends during the exchange, with no further explanation of the financial arrangements or conclusion to the discussion provided.

 

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JUST IN: Amnesty Volunteer Lawrence Zongo Regains Freedom After 10 Days In Custody

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Anambra Governorship Election: Soldiers fire live bullets in Ihiala

Human rights defender and Amnesty International volunteer, Lawrence Zongo, has been released from the custody of the Nigerian Army in Jos, Plateau State, after spending 10 days in detention.

His release comes after Amnesty International and the Take-It-Back (TIB) Movement demanded his immediate release, raising concerns over his alleged incommunicado detention at the Nigerian Army’s 3 Division headquarters in Jos.

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“Zongo is out,” a source privy to the information said on Thursday.

Zongo was arrested on October 5 while visiting relatives receiving treatment at a military hospital within Maxwell Khobe Cantonment, Rukuba Barracks, the headquarters of the Army’s 3 Division.

He had reportedly gone to the facility to assist family members who were attacked by gunmen in Meyango, Bassa Local Government Area of Plateau State, on Sunday night.

Sources familiar with the incident said one of Zongo’s first cousins died from injuries sustained in the attack before he arrived at the hospital late Monday morning.

Following his arrest, sources alleged that Zongo was held without charge and denied access to his lawyers and family members.

Sources also claimed that he was wearing Ray-Ban Meta smart glasses when he visited the military facility, suggesting that this might have contributed to the soldiers’ decision to detain him. However, the claim had not been independently verified.

On October 8, Amnesty International raised the alarm over what it described as the arbitrary and incommunicado detention of its member, demanding that the military either release him immediately or hand him over to the appropriate civilian authorities.

The organisation said efforts to gain access to Zongo had been unsuccessful and called on the Army to clarify the circumstances surrounding his arrest and detention.

On October 13, the Take-It-Back Movement’s Plateau State chapter also demanded his release, alleging that he remained in military custody without a clear explanation.

The movement said its members and executive committee representatives had discussed the matter during an appearance on JayFM Jos, insisting that the military should disclose the offence Zongo was suspected of committing and provide evidence justifying his continued detention.

The group also called for respect for Zongo’s fundamental rights and urged the Army to follow established legal procedures if there were allegations against him.

His release comes after days of pressure from rights advocates and activists over the circumstances surrounding his arrest and detention.

The Nigerian Army’s reasons for detaining Zongo and the circumstances surrounding his release were not immediately available.

 

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