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.
“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.
“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.“
Mob Attack Kogi INEC Headquarters
The Kogi State headquarters of the Independent National Electoral Commission located in Lokoja was on Wednesday morning attacked by a mob who barricaded all entrances to the office and prevented access to staff members to carry out routine duties.
However, it took the timely intervention of military officers to calm the situation.
This was disclosed in a statement titled “Siege on the INEC State Headquarters in Lokoja” signed by the state Resident Electoral Commissioner, Dr. Hale Longpet, and made available to our correspondent Wednesday evening.
“The siege also prevented attorneys representing Kogi Freezes State, LG Accounts parties involved in the recent off-cycle governorship election from inspecting documents/materials used in the election.
“The security agencies have assured us that they will maintain normalcy on our premises,” the statement partly read.
The commission promised all parties and litigants of its commitment to granting unimpeded access to all materials needed to prosecute their petitions.
Edo 2024: ‘It’s Youth O’clock’, Declares Eruaga, As He Joins LP Guber Race
Mr. Jacob Eruaga, a Labour Party (LP) governorship aspirant in the 2024 Edo State gubernatorial election has said it is high time the youths occupied the number one seat in the state.
Eruaga said this at the secretariat of the LP, Benin, where he formally declared his interest to contest the forthcoming governorship election.
According to him, having consulted with leaders of the party at his ward and local government levels, he decided to formally make his intention known to the State Working Committee.
The aspirant who said being a youth, his agendas are youths inclusive, appealed to them (youths) to join him in his bid to deliver the state from reoccurring old leaders.
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Eruaga added: “I want to use this opportunity to appeal to the youths to come out en-masse and support this project. Because it is ‘Youth O’clock ‘; It our time, and it is our time to do the right thing.
“Politics is not dirty, it is when you leave it for dirty people that it’s becomes dirty So, I am encouraging the youths to come out en-masse and support this project and key into it. Having the youths at my side, I believe I will clinch the ticket.”
Welcoming the aspirant to the state secretariat of the LP, Comrade Kelly Ogbaloi, state chairman of the party said: “We have advised him in our own characteristics that he should move to the wards and local governments to sensitise the people. Charity they say begins at home. We have, as well, advised him to try and speed his tentacles across the LGAs and wards.” (Sic)
Edo 2024: Ex-Rep Member, PDP Chieftain Dumps Party
A chieftain of the Peoples Democratic Party (PDP), in Edo State Mr. Sergius Ogun, has dumped the party.
Ogun, a former member of the House of Representatives, was one of the frontline aspirants for the next year’s governorship election in the state on the platform of the PDP.
The former two-term member of the green chamber, tendered his resignation from the party in a four-paragraph letter dated 23 November, 2023 and addressed to the ward 10 chairman of the party in Ugboha, Esan South-East local government area.
He was elected in 2015 to the Federal House of Representatives on the People’s Democratic Party (PDP) platform to represent the Esan North-East/Esan South-East Constituency.
He was a member of the House Committee on the Federal Capital Territory in Abuja.
Ogun cited “recent developments within the party”, which he said makes it difficult for him to continue to contribute to nation building, as reason for his resignation from the PDP.”
His resignation letter reads:
“I write to notify you of my resignation from the Peoples Democratic Party (POP)
effective Wednesday 22nd November 2023.
“I wish to express my profound gratitude to the party for the privilege given to me to serve in the Federal House of Representatives for two terms. It has been a great honour to contribute to nation building through the platform of the party. However, recent developments within the party has made my continuous participation and contribution to nation building untenable.
“I appreciate you personally for your leadership and extend my best wishes to the party in all future activities.”
The former federal lawmaker is yet to indicate his next destination, but, an insider in the PDP who did not want his name mentioned in print, suggested that Ogun might be heading to the Labour Party (LP), ahead of the party primaries early next year.
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