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Edo APC Berates Obaseki’s Claim On Nation’s Economy
Published
3 years agoon
By
EditorDescribes Statement As ‘Kettle Calling Pot Black’
The Chairman, Caretaker Committee of the All Progressive Congress, APC, Edo State, Col David Imuse (Rtd) has described as “spurious, alarmist, untrue and wicked”, the allegation by Governor Godwin Obaseki that Nigerians will soon wake up like the South American country, Argentina.
Obaseki had last week alleged that the Federal Government printed about N60 billion to augment allocation shared to states in the month of March.
He went further to say that by December this year, the country’s total borrowing would be in excess of 15 to 16 trillion.
But reacting to Obaseki’s claim, Col Imuse, in a statement signed by the Edo APC Assistant Publicity Secretary, Victor Osehobo described as “laughable unwarranted and unfounded claims” by Obaseki, adding that the the situation is a classic case of the pot calling the kettle black.
READ ALSO: Edo: PDP, APC In Verbal War Over Latter’s ‘Contact/Strategy Committee’
The statement reads in part, “The true position is that under Governor Obaseki’s watch, the economy of Edo State is in dire straits with the Governor bereft of ideas about how to get it out, with a foreign debt of $300million and a domestic debt including loans from commercial banks, the capital market, and other doubtful sources, approaching N120billion as at March this year, for non-existent projects!”
The statement continues, “In the past seven months, Governor Obaseki has plunged Edo state into higher debts by taking more loans which has seen a 67 per cent increase in its debt profile. Edo state under Governor Obaseki has overtaken Rivers state as the state with the highest foreign and domestic debt in the South-South Nigeria, and is on a steady course to displace Lagos as Nigeria’s most indebted State.”
Col Imuse added that Edo State now spends more money servicing debts than on education, healthcare and infrastructure without a State Cabinet and an aged public service, whereas other states are working assiduously at reducing the debt burden on their citizens.
READ ALSO: Edo APC Flays Obaseki For Marking ‘100days In Office’ In Delta State
“Some state governments have embarked on the reduction of their domestic debts as of the end of September 2020 according to the Debt Management Office which lists Kogi state government as having reduced the state debt from a cumulative N132.5 billion it was as of December 31, 2019, to N73, 314,904,696.35“, Col Imuse added
Col Imuse said that the PDP Edo state government led by Governor Obaseki is right now holding tenaciously to straws, by personalizing his criticism of the Nigerian government, and urged the governor not to hide under the title of Investment Banker to earn cheap fame.
He admonished Governor Obaseki to, “use the fora created by the National Economic Council, the Nigerian Governors forum and the Nigerian Economic Summit, of which he is a member to offer useful ideas, if he has any, rather than singling himself out for paediatric applause, because the management of Nigeria’s economy is not just the responsibility of one person, but that of the Nigerian government, of which he is a part”.
“For the governor’s purile claims to hold water, which it cannot, it has to be backed with facts, not speaking blindly with a pocket of sycophants at his Benin office. Everybody today knows that since 2015 when APC came on the scene, Nigeria has been on the path of progress and things are definitely much better than how PDP left it.”
READ ALSO: Obaseki meets Oshiomhole, Says No Rift With Ex-APC Chair
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Man, 38 Escapes Assassination Attempt In Benin
Published
9 months agoon
July 22, 2023By
EditorBy Omokha Andrew
A 38-year-old activist, Innocent Omoruyi, narrowly escaped assassination in the early hours of Wednesday, July 19, 2023 as his residence at Obe Community,Sapele Road in Benin city was attacked by yet to be identified gun men.
The attack which eye witnesses say was viciously executed on Wednesday, July 19, 2023 bore the markings of a dreaded cult group terrorizing Benin City, the state capital.
The Obe, Sapale Road incident, it was learnt, happened soon after Omoruyi left the house to attend to matters of interest some few metres away from his home.
The assailants were said to have shot sporadically in their frustration as residents scampered for safety.
However, Omoruyi escaped unharmed.
One of the eye witnesses who craved anonymity said: “The felons apparently went for the kill, weilding guns and other dangerous weapons. “We are shocked that they didn’t see Innocent Omoruyi who was just some few metres away from home when they arrived”.
“How that happened, only God knows and it was obvious that it wasn’t his time to die yet and just before that not long ago his business place on Lagos Street, Benin City was burnt down in the middle of the night by unknown arsonists.
“This sequence of events is not ordinary. We know it’s politically motivated due to the role he played in the last general elections. He has been advised to go into hiding at the moment for his personal safety”, he concluded.
When contacted, the police Public Relations Officer Chidi Nwabuzor said he was yet to get any information as regards the latest incident. He promised to feed our correspondent with relevant details as soon as they become handy.
Our information source however revealed that the matter has already been incidented at the Love World Police station on Sapele Road, Benin city.
Business
Nigeria To Earn Over $4bn Revenue As FEC Okays Concession Of Abuja, Kano Airports
Published
11 months agoon
May 18, 2023By
EditorNigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano, to the Corporacion American Airport Consortium, a Luxembourg-based company.
James Odaudu, the Special Assistant on Public Affairs to the Minister of Aviation, disclosed this in a statement on Thursday.
According to him, the Council also approved that the Federal Ministry of Aviation would be renamed the Ministry of Aviation and Aerospace.
READ ALSO: ATMs To Be Upgraded For Loans Services As CBN Gives Banks Ultimatum…
The statement noted that the company would make combined upfront payments of $8.5 million for the concession of NAIA and MAKIA.
He added that the development would spur evidential growth within the Nigerian aviation industry.
“In alignment with the Aviation Roadmap, approved by Mr President on 18th October 2016, the Ministry of Aviation and Aerospace is delighted to inform all stakeholders, both local and international, and the media, that the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano has been approved by the Federal Executive Council,” the statement said.
READ ALSO: Peter Obi, LP Must Pay N1.5million To Access Documents – INEC
In December 2022 and January 2023, Corporacion American Airport Consortium was announced as the preferred bidder for the airport’s concession after scaling through a series of evaluations of technical and financial bids.
Nominal revenues mean income not adjusted for inflation and decreasing purchasing power.
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Russia Expelled From Council Of Europe Amid War With Ukraine
Published
2 years agoon
March 16, 2022By
EditorThe Council of Europe says it has expelled Russia with immediate effect after 26 years of membership because of the Ukraine war.
The Committee of Ministers took the decision in a special session, the rights body announced in the French city of Strasbourg on Wednesday.
Earlier, Russia had already declared its withdrawal from the Council of Europe after it had taken steps to exclude it.
On Tuesday evening, the Parliamentary Assembly of the Council of Europe voted unanimously in favour of Russia’s exclusion.
Russia joined the Council of Europe on Feb. 28, 1996.
Together with the formal notification of the withdrawal, the Secretary-General of the Council of Europe also received information from the Russian Federation on Tuesday about its intention to denounce the European Convention on Human Rights.
In a statement on Tuesday evening, the leaders of the Council of Europe once again condemned the Russian invasion of Ukraine.
READ ALSO: Ukraine: Horror As Russian Forces Shoot People Queuing For Bread
They expressed their solidarity with the Russian people, who continue to belong to the European family and share its values.
The body said it would continue to stand by Ukraine in the fight against the aggressor.
The Council of Europe monitors the observance of human rights in its 46 member states and is not part of the European Union.
The body reacted to the Russian invasion of Ukraine two weeks ago by suspending Russia’s membership, this decision was considered historic.
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