Politics
APC Irresponsible, Doesn’t Deserve Re-election, Says Peter Obi’s LP

The Labour Party has discribed the re-election bid of the ruling All Progressives Congress as an attempt to further plunge Nigeria into the abyss of economic disaster.
It said Nigerians who have been on the receiving end of this corruption-ridden administration which has visited nothing but misery on the Nigerian populace, can ill afford to queue behind the APC that has failed on all indices of governance.
National Publicity Secretary of the Labour Party, Comrade Arabambi Abayomi, said this in Abuja, on Sunday.
He said it remains an undisputed fact that in the first four months of 2022 by the Buhari administration’s revelation through the Budget and Planning Ministry, the cost of debt servicing by “the same stealing Govt has surpassed its revenue in the 4 months under review.”
Abayomi further said, “Remarkably, the clueless and confused APC Govt spent a total of N4.2 trillion between January and April 2022 from the earmarked N17.32trillion for the whole year.
“In these same four months, a sum of N285bn was earned as oil revenue, this represents a shortfall of 60.9% of the prorated figure of N730.12bn, this is even in spite of the marked rally in crude oil prices in these four months when the Government unabashedly retarded APC Govt casually mentioned that oil production declined to let the oil revenue fall short of the projection.
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“It sounds very irritating, painful and annoying to keep hearing this dying and failed APC Govt repeatedly claiming that the untenable, questionable & unverifiable oil subsidy deductions were responsible with the twin criminal excuse of the inability to increase oil production was responsible for the failure at meeting the projected target of revenue growth in the 4 months.
“The dishonest and lying APC probably forgot that in 2021 it spent N4.22 trillion on debt servicing which was an increase of 29.3% over the sum of N3.27 trillion spent for the same purpose in 2020 while the revenue only increased by a marginal 9.3 % to N4.39 trillion revenue and in the last 16months APC led Buhari Administration has spent a whooping sum of N6.16trillion. “
He further noted that the Director-General of the Debt Management Office (DMO), Mrs Patience Oniha confirmed that Nigeria’s total public debt stock representing domestic and external debt stock profile as of March 2022, stood at N41. 60 trillion and N42.84TRN ($103.31billion as of June 30, 2022. “
This, he said, if divided by 200 million Nigerians including 50 million yet unborn totalling 250m population explicitly confirmed that every Nigerian as of June 30th 2022, is indebted to the tune of N170,000 naira each.
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Abayomi noted that it is worth putting on record that though its Presidential Candidate, Peter Obi has for a long at many forums held that the Govt’s borrowing must be at a statutory 5% of the previous year’s revenue but “the highly clueless and grossly incompetent APC confused and rudderless Government at every juncture ignored this wise counsel.“
The LP spokesperson enjoined Nigerians to demand the immediate resignation of the APC from the seat of Government now that it is not in doubt that it has finally ruined a substantial part of the future of Nigeria with its avoidable act of running the Country into insolvency.
He further said, “The growing cluelessness of the APC in its incompetent management of the Country’s economy is easily observed from the silly and unending oil subsidy deductions choreographed calculated scam
“One can simply ask how much it cost Dangote to establish the about to begin operation oil refinery was built at a cost of $15bn.
“The Pacific refinery in Ecuador cost $12bn with a capacity to refine 500,000 barrels per day (bpd).”
“AL ZOUR REFINERY in Kwait was built at a cost of $16bn with a production capacity of 615 ,000 barrels per day.
“ Compare the foregoing against Nigeria with two / three refineries and a refining average capacity of 1.2 million of crude oil per day, how comfortable are you fellow Citizens?
“Presently, these same thieves in Governance, APC are yet proposing #6.7 trillion to fund the carefully hidden agenda called a subsidy.
“In exchange the $6.7 trillion is equivalent to $15.6 bn This is against the 2023 Budget. However, what will blow your mind is that the Government is planning to yet borrow #11 trillion to support the 2023 Budget expenses.
READ ALSO: Peter Obi Identifies Areas Nigeria Must Tackle For Greater Economy
“LP has chosen to advise APC to immediately withdraw all it’s Candidates from the 2023 elections and safe itself the embarrassment of repeated public lies and falsehood that has become its main character in Government.“
Politics
Mass Defections: Ndume Predicts Implosion In APC

Former Senate Leader, Mohammed Ali Ndume, has raised the alarm over the wave of defections by governors and lawmakers from opposition parties to the ruling All Progressives Congress (APC), warning that the party may be courting an internal collapse if the trend continues unchecked.
Ndume, who represents Borno South in the Senate, spoke on Sunday night at the late Dr Nnamdi Azikiwe Annual Award Lecture, held at the NICON Luxury Hotel, Abuja, where he received the honour of Most Outstanding Legislator and Advocate of National Unity.
In a candid acceptance speech that drew murmurs from the audience, the outspoken lawmaker dismissed many of the defectors as political lightweights with little or no value to add to the governing party, insisting that the APC is becoming “overloaded” with “mostly empty cargo.”
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Checks by The Guardian revealed that the gale of defections accelerated within the last year, leaving the opposition parties badly depleted.
No fewer than five governors, including those of Delta, Bayelsa, Enugu and Taraba, have dumped their parties for the APC. Also awaited is the defection of the Plateau State governor.
Ndume, in a metaphor-laden address, warned that the rising influx poses structural danger to the ruling party.
READ ALSO:Why Bayelsa Gov Delayed Defection To APC
“I have warned that the APC is becoming overloaded. And when you overload a ship, especially with mostly empty cargo, it risks capsizing,” he declared.
Describing the defections as a coordinated assault on Nigeria’s democratisation, the organisation said it amounted to a calculated attack on political pluralism and a betrayal of voters’ mandate.
Politics
Oshiomhole Criticises Obaseki’s Govt, Scores Okpehbolo High

The Senator representing
Edo North District at the National Assembly, Adams Oshiomhole, has criticised the immediate past administration in the state over what he described as ground-breakings that yielded no meaningful projects, including the failed Gelegele Port and abandoned housing schemes.
The former governor of the state spoke while fielding questions from journalists over the weekend in Benin.
Oshiomhole also criticised the EdoBEST programme as “deceptive,” alleging that most schools lacked electricity or Wi-Fi to support its digital monitoring claims.
He further accused the past administration of neglecting public schools and reducing teacher numbers drastically.
Oshiomhole, who
sharply criticised the media for relying on what he described as political ancestors in the opposition, noted when asked questions on PDP: “You ( journalists ) had a meeting with PDP ancestors, because that party is politically dead. In this part of the world, when you are dead, you join the ancestors.
“So, did they speak to you from their graves? I answer questions from the living, not the dead. And I do not intend to join them anytime soon. So please, leave PDP out of it.
READ ALSO:Oshiomhole Criticised For ‘Eating Own Vomit’
“If you must ask me a question, then I also have the right to ask you a counter-question: What did the PDP accomplish in their first year?
“They performed numerous so-called groundbreakings—Gele-Gele Port that mysteriously shifted into Benin when it rained, housing estates, and many others.
“They broke the ground so much that Edo almost became an earthquake zone. Fortunately, God designed our soil well”, Oshiomhole added.
Assessing Governor Okpebholo’s performance in one year, Oshiomhole stated that the governor inherited a state abandoned for eight years but has already delivered visible and verifiable projects.
He pointed to the Ramat Park flyover project as a major intervention that will significantly reduce traffic congestion and improve economic productivity in Benin City.
He praised Okpebholo for rehabilitating long-abandoned schools and providing better learning environments, referencing images recently displayed by the governor during a public presentation.
The senator highlighted the revival of Ambrose Alli University (AAU), Ekpoma, which he said almost collapsed due to inadequate subvention under the past administration.
READ ALSO:Why Peter Obi Should Inform Okpebholo Before Visiting Edo – Oshiomhole
He commended Okpebholo for raising the institution’s monthly subvention to ₦500 million, resolving long-standing academic disruptions.
Oshiomhole also applauded the restoration of subvention to Edo University, Iyamho, increased from zero to ₦250 million monthly, describing it as a strategic investment in higher education.
He added that the governor has shown leadership by restoring peace to the traditional institution and resolving lingering tensions in the Benin Kingdom.
He maintained that Okpebholo’s one year in office has brought relief across the state, with major roads being reconstructed and abandoned institutions revived.
According to him, the governor’s humility, firm leadership and ability to hire and fire when necessary have restored discipline in government.
Oshiomhole said the governor has allowed his achievements to speak for him, noting that “action speaks louder than voice.
Speaking on his primary duty as a senator, Oshiomhole said that, although, senators come from specific districts, their legislative duties extend to the entire country.
READ ALSO:What Oshiomhole Said After Witnessing PDP’s Petition Hearing At Tribunal
He explained that all motions, bills and appropriations passed in the Senate must be designed with national application, adding that his focus has always been on contributing meaningfully to Nigeria’s development.
The former governor reiterated that during his 2023 senatorial campaign that his priority was federal intervention for Edo would be the rehabilitation of the Benin–Auchi–Okene Road.
Oshiomhole narrated how the road, once a smooth 90-minute journey from Iyamho to Benin, had deteriorated so badly that travellers sometimes spent seven hours or even slept on the route.
The Iyamho-born political tactician said the industrial expansion in Okpella, now a major cement hub hosting BUA and Dangote plants, had further increased the pressure on the highway.
“You will also recall that during my campaign, those who had time to listen would remember, because during elections, journalists are oversubscribed. I stated clearly that the most important federal project I wanted addressed was the Benin–Auchi–Okene road.
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“When I was growing up in Iyamho, it took about an hour and a half to get to Benin City. At one point, it began to take about seven hours, and if you were unlucky, you could even get trapped and sleep on that road. With the heavy movement of trucks, the situation became worse.
“This happened partly because of the industrial growth around Okpella. That axis has become the cement hub of Edo North, hosting production plants for Dangote and BUA.
“Moving these products around adds to the congestion. That is why, as soon as I got to the Senate, the very first motion I moved was on the Benin–Okpella–Okene road.
“Working with the then Senator Monday Okpebholo, now the Governor of Edo State, we mounted pressure on President Tinubu to think outside the box on how to fund and complete the road”, he said
Oshiomhole revealed that there was a heated exchange with the Minister of Works, Engr. David Umahi, during the 2024 budget defence when only ₦200 million was initially allocated to the major highway, insisting that the government had to treat the road as a priority.
Speaking on Tinubu’s administration, the Edo Senator said the state is benefiting from the Tinubu administration’s nationwide social protection programmes, though, he maintained that the state still requires increased federal presence.
Politics
BREAKING: Nigerian Senate Approves Tinubu’s N1.15tn Loan Request

The Nigerian Senate has approved the request of President Bola Tinubu to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.
This comes after the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.
According to the committee, the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.
The expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).
READ ALSO:Senate Uncovers $300bn Unaccounted Crude Oil Sales
In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.
Recall that President Tinubu had on November 4th requested the approval of the National Assembly for a fresh N1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.
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