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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.

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

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.

“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.

“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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JUST IN: Popular Gospel Singer Is Dead

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Popular Gospel singer Morenikeji Adeleke, also known as Egbin Orun, is dead.

Her colleague Esther Igbekele, confirmed the death in an Instagram post on Sunday.

The gospel singer expressed shock and sadness, sayin Egbin Orun departed suddenly without bidding farewell.

According to her, the two had recently spoken, unaware of the impending tragedy.

READ ALSO: How God Saved Me From Firing Squad – Gospel Artiste, Buchi

Igbekele praised Egbin Orun’s beauty, kindness, and strong support for her ministry.

She wrote, “I got home from my program to hear about this great loss.. Prophetess Morenikeji Egbin Orun you left without saying goodbye..

“We spoke together last week not knowing you are about to embark on a journey to the great beyond.. You are such a beautiful and kind hearted woman and a very good supporter of my ministry.

READ ALSO: Outrage As Kingsmen Flogged Anambra Man To Death [VIDEO]

“I am deeply saddened with your demise but God knows best. You will be greatly missed and your good deeds will continue to linger in our hearts.

“Ah Egbin Orun. Good night! Keep resting in the bosom of Christ.. Ah Gone too soon..Yeeee.”

The cause of her death remains undisclosed and no official statement has been issued.

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How God Saved Me From Firing Squad – Gospel Artiste, Buchi

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A popular gospel singer, Buchi Atuonwu, simply known as Buchi, has revealed how God saved him from firing squad.

During an interview on Channels Television’s Morning Brief program on Friday, Buchi said he and some other people were already lined up for execution by the firing squad.

He said despite not being religious, his desperation to be alive made him call on God and make a promise to dedicate his life to serving Him in exchange for his life if spared.

He narrated, “At a point in my life, we were laying up for execution. Indeed, the people who were to execute us were already kneeling, ready to fire. It is true that I called out to a God that I didn’t know, saying if you save me, I will serve you. Since we don’t have all the time, let me just say that He saved me from that firing squad.

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“Then I devoted my life to serving him. To see that my music is not empty and that it becomes an extension of a classroom for me having been a teacher in the university. The stage became an extension of the classroom. Who says musicians can not sing about GMOs, government policies, trends, events, and happenings that inform the quality of life of the people?”

Speaking on what influenced his choice of music, Buchi said his background and an intention to make a change after being spared from death were the factors responsible for his style of music.

I come from a peculiar background. Night club DJ and at the same time a university lecturer and transiting to the choir of a church having been involved in the campus confraternity, drug abuse, and youth violence amongst others.

“My kind of music has to be somewhat different. Influenced by that background and also with an intention to make a change, it led me to the kind of stories that you are referring to. Stories that manured the songs that I put out, such as gun running and violence,” he stated.

READ ALSO: Man Jumps Into Lagoon, Dies After Being Chased By Mob For Alleged Stealing

No relationship between reggae music and weed

Speaking on a controversial comment that every musician must use performance-enhanced drugs to perform at their best, Buchi said it is a narrative sold by people, adding that there is no relationship between reggae music and weed.

“It is a narrative sold by people interested in the matter. It’s like saying to watch a good movie, I need popcorn. yes, they go together, people buy it and do it. They practice it. It is also like saying to watch a good football match. I need a particular kind of drink with me.

“It is okay to sell your products and ideas but I don’t have to accept it absolutely because I know that I can watch a good movie without popcorn and I can also watch a good football game without the drinks in question. In the same way, there is no relationship between reggae music and weed.

READ ALSO: Lawyer Drags NERC, AGF, Minister Of Power To Court Over Electricity Tariff Hike

“Yes, I have been there, and now I am here. I know for sure that the substances that I took at that time did not enhance my performance. It is true that you have to be in a certain state of mind to give your best, but drugs don’t take you there. There are so many other things like deep thinking and concern for what you are that can take you there.”

In January, the music star refuted claims that his genre of music— reggae was connected to his past romance with marijuana.

His response followed criticisms from those who questioned the inspiration behind a book he published.
PUNCH

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UNIBEN Ex-deputy VC Is Dead

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A Former Deputy Vice-Chancellor (Academic) of the University of Benin, Edo State, Prof. Pius Iribhogbe, is dead.

Until his demise, Prof. Iribhogbe was also a consultant trauma surgeon, head of the Department of Surgery and coordinator of the School of Paramedics at the University of Benin Teaching Hospital.

The academic scholar passed on in Saudi Arabia.

UNIBEN’s Public Relations Officer, Dr Benedicta Ehanire, who confirmed the surgeon’s death said the school was yet to issue a statement.

 

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