Connect with us

Politics

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

Published

on

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.

Advertisement

“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.

READ ALSO: Why INEC Omitted Our Lagos Candidates’ Names –LP

“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.

Advertisement

READ ALSO: 2023: Peter Obi Supporters March In Abuja

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).”

Advertisement

“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.“

Advertisement

Advertisement
Comments

Politics

Labour Party Reserves 2027 Presidential Ticket For Peter Obi

Published

on

By

…Oti Gets automatic ticket for Abia Guber

The Labour Party’s highest decision making body, the National Convention, has announced it has reserved its 2027 ticket for the party’s leader, Mr. Peter Obi.

In the same breath, the party also announced a right of first refusal for the Abia State Governor, Alex Oti, should he decide to seek reelection on the party’s platform.

This decision was contained in a Communique issued after the party’s National Convention, held in Nnewi, Anambra State, on Wednesday.

It was signed by the re-elected National Chairman of the party, Comrade Julius Abure, and National Secretary, Umar Faruk Ibrahim.

READ ALSO: Abure Re-elected Labour Party National Chairman; NLC Kicks

Advertisement

The communique read in part: “The Convention in session based on the antecedents of the Presidential candidate before, during and after the 2023 General Election recommend that the 2027 Presidential ticket of the party be solely reserved for His Excellency, Mr. Peter Gregory Obi, the National leader of the party.

“Furthermore, the Convention in session reviewed ongoing development and performance of its Governor in Abia state, His Excellency, Dr. Alex Otti and pass a vote of confidence on him and recommend the 2027 Abia state Gubernatorial ticket of the party be reserved for His Excellency, Dr. Alex Otti.”

Continue Reading

Politics

Edo Guber: 17 Parties Beat INEC Deadline For Candidates’ Nomination

Published

on

By

Seventeen out of 18 political parties who conducted primaries for the forthcoming Edo State Governorship Election have beaten the deadline for the nomination of their candidates on the special portal of the Independent National Electoral Commission (INEC).

INEC National Commissioner in charge of Information and Voter Education Committee, Sam Olumekun, disclosed this in a statement issued Tuesday in Abuja.

He said, “Following the conclusion of party primaries, 27 political parties have uploaded their candidates’ nomination forms for the Edo State Governorship Election by the deadline of 6 p.m. on March 24, 2024, when the dedicated portal automatically shut down.”

According to him, the personal particulars of the governorship candidates and their running mates will be published on Saturday, March 30, 2024, a week from the last date for the submission of nominations as provided in Section 29(3) of the Electoral Act 2022.

READ ALSO: Edo 2024: Igbinedion Breaks Silence On Obaseki’s Handling Of PDP, Party’s Choice Of Running Mate

Advertisement

The Commission shall publish the personal particulars by displaying copies of Form EC9 along with all academic credentials and other documents submitted by each candidate at the state headquarters and the 18 local government offices across Edo State.

“We appeal to Nigerians to scrutinise the documents. Any aspirant who participated in his/her party primaries with reasonable grounds to believe that the information provided by the candidate is false can challenge the nomination in a Federal High Court as provided in Section 29(5) of the Electoral Act 2022.

“The Edo State Governorship Election is scheduled to hold on Saturday, September 21, 2024,” he stated.

 

Advertisement
Continue Reading

Politics

JUST IN: PDP NWC Meets 36 State Chairmen, Stakeholders In Abuja

Published

on

By

The National Working Committee (NWC) of the People’s Democratic Party (PDP) is currently meeting with the 36 State party Chairmen.

The meeting is to discuss the state of the party as well as preparations to tackle the challenges ahead.

Acting National Chairman, Amb. Umar Damagum is chairing the meeting.

READ ALSO: Man Slumps, Dies During Fight In Kwara

Recall that on the 6th of December 2023, NWC ordered all party members with pending intra-party litigation’s to immediately withdraw their cases.

Advertisement

National Publicity Secretary of the party, Debo Ologunagba, after the meeting, explained that the directive was sequel to a thorough review of the state of the party.

Ologunagba said after the review, the NWC “Directed that all pending Intra-Party litigations across the country should be withdrawn forthwith.

READ ALSO: NIN: How To Correct Your Name, Date Of Birth, Others Using NIMC Mobile App

“This decision of the NWC is pursuant to the provision of Section 58 (1)(l) of the Constitution of the PDP as amended in 2017 and in line with the spirit of unity and reconciliation in the party.

“The NWC urges all party leaders, critical stakeholders and members across the country to remain united and continue to promote the values for which the PDP is known as a truly democratic party.

“Also, the NWC considered and approved the report of the Establishment Committee for the appointment of a substantive Director General of the People’s Democratic Institute, PDI”.

Advertisement

Continue Reading

Trending