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Peter Obi Calls For Reflection, Reassessment Of Nigeria’s Future

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Labour Party’s presidential candidate for the 2023 elections, Peter Obi, has emphasized the need for Nigerians to re-evaluate their assumptions as a nation.

 

In a statement released yesterday, Obi expressed solidarity with those who reject the current deplorable state of the country and reiterated his belief in the possibility of a better Nigeria.

 

He urged the nation to engage in deep reflection, review their aspirations, and identify the causes of missed opportunities and disappointments.

 

Obi emphasized the critical juncture at which Nigeria finds itself and called for a collective effort to confront the reality of the nation’s challenges and find clear pathways to a brighter future.

 

Obi also addressed the conduct and outcome of the recent general elections, highlighting the concerns expressed by a majority of stakeholders regarding its shortcomings.

 

While awaiting the verdict of the election tribunal, he urged Nigerians to remain committed to the Nigerian ideal and expressed the importance of maintaining peace and lawfulness.

 

Obi stressed the significance of the judiciary in the democratic process and called for its independence and integrity to be upheld. He vehemently rejected the current state of the country, including the widespread mismanagement of Nigeria’s resources and the violation of crucial requirements for nationhood.

 

Obi reiterated his determination to work alongside fellow Nigerians to end the cycle of missed opportunities and restore hope for a better Nigeria.

 

Peter Obi further revealed his intention to present a case against Bola Tinubu, a prominent political figure, and former governor of Lagos State.

 

Obi stated that he has lined up 50 witnesses and requested seven weeks to present his case. In his statement released to mark the May 29, 2023, presidential inauguration in Abuja, Obi emphasized the need to uphold the rule of law and respect the democratic process.

 

He expressed his confidence in the judiciary’s ability to adjudicate the election cases and called on Nigerians to remain peaceful and law-abiding throughout the legal proceedings.

 

Obi also acknowledged the challenges he and his supporters might face in the coming months, anticipating efforts to tarnish his image and defame his character.

 

Nevertheless, he remained resolute in his commitment to a better Nigeria, expressing gratitude to his party members and the media for their support and calling on the media to continue guiding the public toward the promise of a new Nigeria.

Politics

US Election: Cardi B Expresses Nerves

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Grammy-winning rapper, Cardi B has shared her intense feelings about the upcoming U.S. presidential election, admitting that her nerves are so high she feels as though she’s running for president herself.

With the election only a day away, Cardi B took to X (formerly known as Twitter) to express her anticipation, telling her 36 million followers, “I don’t know why I’m so nervous for tomorrow. I feel like I’m running for president.”

The Bronx-born rapper and cultural icon recently made headlines for her passionate endorsement of Vice President Kamala Harris, the Democratic Party’s candidate, at a rally in Milwaukee, Wisconsin, on Friday. Speaking to a crowd of supporters, Cardi B gave a rousing speech, highlighting her concerns about the Republican Party’s candidate, former President Donald Trump. She criticized Trump’s stance on women’s rights, calling him “a hustler who is trying to hustle women out of their rights and hustle Americans out of their money.”

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The rapper, known for her outspoken political views, did not hold back, asserting that Trump is “selling more than watches and sneakers” and accusing him of promoting “bigotry, misogyny, division, chaos, and confusion.” Her words resonated with supporters, many of whom see Cardi B as a voice for younger voters who care about issues like women’s rights, racial equality, and social justice.

Addressing rumors circulating online, Cardi B also clarified that she was not paid to endorse Harris, dispelling speculation that financial incentives were behind her appearance at the rally. “I did this because I believe in the future that Kamala Harris stands for, not for any money,” she tweeted.

Cardi B has been vocal about her political stance throughout the election season, using her platform to encourage her fans to vote and make their voices heard. Her support for Harris has added significant star power to the Democratic campaign, especially among younger and minority voters. As the election approaches, her rally speech and social media statements have brought renewed attention to the high-stakes issues on the ballot.

With her passionate stance, Cardi B has become one of the most influential celebrity advocates in this election cycle, drawing both praise and criticism. As Americans prepare to vote, her message continues to reverberate across social media and beyond, emphasizing the rapper’s commitment to political engagement and advocacy for her beliefs.

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Nigeria’s Debt Service Ratio Falls To 65% As Tinubu Tackles Economic Woes

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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.

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“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.

 

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Edo Deputy Gov, Omobayo Ordered To Court Over Refusal To Vacate Office

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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).

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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.

 

 

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