Politics

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

Published

4 years ago

September 25, 2022

Editor

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.

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.“

Politics

Peter Obi Meets US Consul General, Hopes For Credible Polls In 2027

Published

6 hours ago

May 5, 2026

Editor

Chieftain of the Nigerian Democratic Congress, NDC, Peter Obi on Tuesday held a meeting with United States Consul General, Mr Rick Swart.

Obi made this known via his X handle.

He said “This morning, in Lagos, I met with the U.S. Consul General, Mr Rick Swart, where we discussed strengthening the bilateral relationship. We focused on promoting credible elections in Nigeria, ensuring they are free from interference, and fostering a space where all political parties, especially opposition parties can thrive, and contribute.

“We also discussed trade and business opportunities between our countries. Accompanying me to the meeting was Dr Adefolaseye Adebomi Adebayo.

“The discussion was very productive, and we are hopeful that, moving forward, Nigeria’s elections will be even more credible and transparent.”

Politics

BREAKING: 17 ADC Reps Follow Join NDC

Published

12 hours ago

May 5, 2026

Editor

About 17 African Democratic Congress, ADC, lawmakers in the House of Representatives have defected to the Nigerian Democratic Congress, NDC.

This was disclosed by Speaker Abass Tajudeen on the floor of the House on Tuesday.

Tajudeen also announced the defection of Leke Abejide from the ADC to the All Progressives Congress, APC.

Lawmakers who defected to the NDC include Yusuf Datti, Uchenna Okonkwo, Adamu Wakili, Thaddeus Attah, George Ozodinobi, Lilian Orogbu, Oluwaseyi Sowunmi, Peter Aniekwe, Mukhtar Zakari, George Oluwande and Munachim Umezuruike.

Others are Emeka Idu, Jesse Onuakalusi, Ifeanyi Uzokwe, Afam Ogene and Abdulhakeem Ado.

This comes barely a day after former presidential candidates Peter Obi and Rabiu Kwankwaso defected from the ADC to the NDC.

Obi and Kwankwaso have pledged to continue their pursuit for a better Nigeria in the NDC.

Politics

JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up

Published

1 day ago

May 4, 2026

Editor

A former presidential candidate, Peter Obi, has given reasons why he resigned from the African Democratic Congress, ADC, to join the Nigerian Democratic Congress, NDC, alongside a former governor of Kano State, Rabiu Kwankwaso.

In a long post on X on Monday, Obi insisted it was not out of anger or ambition.

Rather, he said the move is a continuation of the quest to build a new Nigeria.

Obi wrote: “Yesterday, I formally joined the Nigerian Democratic Congress (NDC), alongside my dear brother, Engr. Dr Rabiu Musa Kwankwaso, with one clear purpose: to continue the struggle for a new Nigeria built on justice, competence, accountability, and compassion for the ordinary Nigerian.

“As I stated yesterday, this decision was not made out of anger, personal ambition, or convenience. It came after deep reflection on the present condition of our nation and the urgent need to rescue Nigeria from the dangerous path it is currently heading.

“Over the years, I have remained steadfast in my conviction that politics should never be about individuals, positions, or personal gain. It must be about the people, especially the millions of Nigerians who today can no longer afford necessities, whose businesses are collapsing, whose children are losing hope, and whose future is becoming increasingly uncertain.

“I left the ADC for the same reason I left the Labour Party: the severe, orchestrated litigation and internal crises deliberately designed to ensure that I, alongside many other notable individuals, do not effectively participate in the electoral process. I sincerely appreciate and remain deeply grateful to the Leadership of ADC for the opportunity to work together in pursuit of a better Nigeria. I am particularly grateful to ADC Chairman Senator David Mark for his exceptional Leadership. I also deeply appreciate my Leader and elder brother YE, Atiku Abubakar, as well as other respected leaders within the party.

“As we join the NDC, I sincerely appeal to the Nigerian Government against the encouragement of unresolved litigations and the infusion of crises within political parties. Democracy must never become a weapon against the people. A healthy democracy thrives on strong institutions, credible alternatives, and the freedom of citizens to make choices without intimidation, manipulation, or fear. Opposition parties must not be weakened or destroyed, because when democracy loses balance, the people ultimately suffer.

“Nigeria today is passing through one of the most difficult periods in its history. Poverty is rising. Hunger is widespread. Insecurity continues to threaten lives and livelihoods. Businesses are shutting down daily. Our young people are becoming discouraged, and many citizens have lost faith in the system. At a time like this, leadership must be driven not by propaganda or division, but by competence, capacity, character, and compassion.

“Our decision to join the NDC is therefore not an abandonment of values, but a continuation of the same mission we have always stood for: building a Nigeria where leadership is about service, where public resources are managed responsibly, where institutions function independently, and where every Nigerian, regardless of tribe, religion, region, or social status, can live with dignity, security, and hope.

“I remain committed to working with all Nigerians of goodwill across political, ethnic, and religious lines. The task before us is bigger than any individual or political party. It is about the future of our children and the survival of our dear nation.

“I thank Nigerians, especially our youths and women, for remaining peaceful, resilient, and hopeful despite the enormous challenges confronting the country. I urge you not to lose faith in Nigeria. Nations do not change because people surrender to hopelessness; they change because people continue to believe, continue to sacrifice, and continue to stand for what is right.”