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Buhari Was Servicing Debt With 96% Nation’s Income – Oshiomhole

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Senator Adams Oshiomhole on Tuesday revealed that the President Bola Tinubu’s administration inherited an economy in which the nation’s national revenue was barely enough to service the debt burden, spending 96 percent of the income.

Senator Oshiomhole also said that there was no quick fix measure for the nation’s economy by the President Bola Tinubu’s administration because what he inherited was a precarious situation.

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The Senator representing Edo North Federal Constituency disclosed this after a meeting with the Vice President, Senator Kashim Shettima, at the Presidential Villa.

Oshiomhole, who said he paid a friendly visit to the Vice President, said he did not discuss the nation’s economic issues with him but claimed that the government was working.

READ ALSO: Uproar In Senate Over Oshiomhole’s Looting Comment

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According to him, “The issues of the economy is work in progress. There is no quick fix. The government inherited a terrible economic situation. The government inherited an economy in which our total national revenue was barely enough to service our debt burden, spending 96%, which is to say every N100k Nigerian earn, 96k is going to repay debts, to service debt. So, you have only 4k left to pay all the salaries. So, nothing can be worse.

“But they came determined that they will have to do business unusual; to arrest the drift; stabilize the economy and then begin to move forward. Some painful decisions are necessary.

“Already, the executive—the president and vice president—they’ve shown courage in terms of the decisions they have taken, a radical movement away from one in which if you are well connected you could make billions without adding value to one in which if you want to make money, you have to work. We move away from a situation where CBN can favour you and you become a billionaire; of which they can pauperize you and your business collapses.

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“Yes, it has created its own challenges, but I don’t know of any drug without side effect. Doctors will always tell you that every drug might cure your ailment but it will have a side effect. So, in taking it you have to do cost and benefit analysis.

READ ALSO: Assembly Poll: New Twist As Oshiomhole Speaks On Possible Impeachment Of Obaseki

“On the whole, I believe that the broad economic, specific macro economic policies that have been put in place so far both in terms of monetary policies and in terms of fiscal policies is the best way to start.

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“You remember just recently a Minister of Finance distanced herself from the monetary policies of a CBN Governor and they were not talking. If the hand and the leg are not walking in harmony, then there is no way you can get to your destination. So, I think we are in a better situation now.”

Continuing , he said, “But my plea to Nigerians is, when I say I will bail you out, I will fix a complicated system that is malfunctioning, I believe everyone knows that the more terrible the situation is, the more time I will require to take the right decision.

“Given the paucity of data and all the other basic infrastructure you need to take some quick decisions that are not pleasant but decision has to be taken.”

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LG Chairman Assures Corps Members Of Security Of Lives In Bauchi

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Mr Markus Lusa, the caretaker Chairman of Bogoro Local Government Area of Bauchi state has assured the corps members serving in the area of security of their lives and property.

He made the assurance on Thursday during a town hall meeting between the corps members and the Bogoro local government council stakeholders, organised by the National Youth Service Corps (NYSC) in the area.

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Lusa, who explained that the council was always partnering with all the security agencies in the area, added that the council was ready to partner with NYSC to better the lives of the corps members serving in the local government.

READ ALSO: NYSC Member Donates Chairs To Bauchi School

Represented by Mr Markus Nahemia, the Director, Administration and General Services, Bogoro LGA, Lusa urged the corps members to be patient as all their previous demands would be met in due time.

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Earlier, Mr David Dauda, Bogoro Local Government Inspector (LGI) of NYSC, enjoined the stakeholders in the area to encourage corps members by financing community development projects that would have a positive impact on the lives of the members of their host communities.

He appreciated the government and the people of Bogoro for being corps members friendly, adding that the LGA could best be described as a home away from home to Corps members.

READ ALSO: NYSC Fighting Against Gender Based Violence, Says DG

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In his remarks, Mr Saul Mamman, the Education Secretary, Bogoro Local Education Authority, said that assisting corps members to execute community development service projects would lead to greater social impact and sustainable change in the local communities.

Speaking on behalf of the corps members, the Corps Liaison Officer (CLO), Bogoro Local Government, Mr Daniel Obioma described the programme as apt and timely.

While commending the people of the area for being accommodating and hospitable to corps members, Obioma said that the event would assist them in discharging their duties effectively.

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Subsidy: CSO Threatens To Thwart Labour’s Oct 3 Planned Indefinite Strike

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A Civil Society Organisation, CSO, operating under the aegis of Civil Society and Workers Dialogue Forum (CSWDF), has expressed its disapproval of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC’s planned indefinite strike scheduled to commence on Tuesday, October 3, 2023.

The organisation described the proposed strike as sabotage and deliberate mischief, saying the union wasn’t sensitive to its part of dialogue with the Federal Government over the fuel subsidy removal impasse.

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Reacting to the planned strike in a statement jointly signed and issued on Thursday by the group’s convener, Abubakar Ibrahim and co-conveners, Bashir Faisal and Rafiu Shaibu, they assured of their support if the two workers’ unions decided to toe the path of nobility.

READ ALSO: Nigerian Prophet Makes Fresh Revelations About Kano, Ondo, Edo Politics

According to the CSO, the Nigeria Labour Congress fully agreed to the withdrawal of fuel subsidy, which they also earlier advocated for, adding that “having the subsidy that has been draining government for centuries removed, it should be supported by all stakeholders”.

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The group, having acknowledged the difficulty faced by Nigerians, explained that the Federal Government has made deft moves in rehabilitating the refineries to reduce the cost of petrol and gas importation.

It added that the recent distribution of palliative to the tune of N5 billion to each of the 36 states of the Federation and the Federal Capital Territory, FCT are part of mitigation measures until things normalise as no government anywhere in the world derives pleasure in the suffering of its people.

READ ALSO: Strike: How Labour Veterans Got NLC, TUC To Close Ranks

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“The wage increase of workers is being negotiated with NLC constituting membership of the committee, hence, we are appalled at what the proposed strike intended to achieve.

“As opposed to the past, the NLC has always been on the negotiation table before any decision was taken by this administration.

“We recalled that in June this year, the Union was in talks with the FG over fuel subsidy removal without carrying other stakeholders along, which we protested our exclusion.

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READ ALSO: DSS Establishes New Directorate, Appoints Afunaya As Pioneer Director

“Having agreed with President Bola Tinubu’s administration, only for the workers Union to recant and propose an indefinite strike is counter-productive and we will mobilise our members across the 36 States and FCT for anti-NLC protest.

“This statement should serve as official notice to the Director of State Service DSS, IGP and other security agencies, that we are going to mobilise to streets against NLC on 3rd October, 2023,” the CSO stressed.

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The group recalled that some states have purchased buses for public transportation and have also added funds to the federal government’s offer to them, insisting that the proposed strike was inappropriate.

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Nigerian Artistes In Strange Covenant With Devil – Nigerian Prophet

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The spiritual head of the Wisdom Church of Christ International, Prophet Bisi Olujobi, has said some Nigerian artistes have entered a strange covenant with the devil.

The Prophet said this in a statement he made available to DAILY POST on Thursday.

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According to him, the artistes, in the desperation to achieve stardom, seek favour from the devil.

However, he noted that these celebrities did not know that the devil would take something back for every favour received from him.

“The devil cannot give anything without taking something reasonable in return. That is the game of the devil which they (Nigerian artistes) fail to realize,” he disclosed.

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Olujobi called on Nigerian artistes and their African counterparts to return to God, who he described as the giver of all gifts.

READ ALSO: DSS Establishes New Directorate, Appoints Afunaya As Pioneer Director

The cleric said the strange covenant between the artistes and the devil would be the reason behind the untimely end of some of them in their prime.

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Nigerian artistes and their African counterparts have to return to God, the giver of all gifts, as many of them have entered into strange covenant that will eventually cut off their light at their peak,” he stressed.

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