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SDP Presidential Candidate, Adebayo Promises To Clear Nigeria’s ₦77trn Debt In Three Budget Cycles

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The presidential candidate of Social Democratic Party (SDP), Prince Adewole Adebayo, has promised to clear the ₦77 trillion debt Nigeria is presently owing within three budget cycles.

According to him, he’s not afraid of inheriting the N77 trillion debt which would be left by the present government.

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Adebayo stated this in an online interview, telling Nigerians not to be worried about the failure by the President Muhammadu Buhari-led administration that hired “an unimaginative team to head the Central Bank of Nigeria and create debts rather than adequately managing the economy.”

Speaking further, he said he does not see liability in Nigeria as he prepares to activate the various assets of the nation to turn around the grim situation to one of international envy.

READ ALSO: SDP Presidential Candidate, Adebayo Takes Campaign To Edo North, Promises Seaport In Agenebode

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Adebayo told said that he decided to contest for the presidency of Nigeria because of the myriad of challenges facing the country, which, in his view, are no challenge at all given the huge assets which abound in the country.

In his words: “I knew these problems before I declared to run. In fact, if these problems were not there, I would not have taken an interest in running.

“When you have a debt profile that is put at N77 trillion, you are looking at the debt side, what about the asset side?

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“When I take my oath of office, I am not just inheriting the debt, I am inheriting 220 million people, I am inheriting entrepreneurs.

“Nigerians are so lively, highly energetic and ready to work. I am inheriting the largest gas reserve. I am inheriting a vast agricultural land.

“I mean everything, all other things, solid minerals and all other assets. so the debt is so small when compared to the assets that we have. So, what I will do is, look at the structure of our debt.

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“If I push our revenue up by 32 %, we will be fine but the window of pushing our revenue up is about 300 percent. And if I push down the wastage and the corruption by three-quarters 75% with some saving pockets here and there. And do some mop-up. I think that Nigerians would not even remember that we have a debt profile at all.

“We will retire the debts within three budgets, the debt will be insignificant and the people will get employment if I get 30 million jobs added to the workforce. The taxation on Pay As You Earn alone will wipe this debt off.

“If I get agriculture productivity in four belts in the country, lower Kebbi upper Niger, in Southern Kaduna Plateau axis, if I get agriculture in Oke-Ogun, part of South-West Nigeria and do Agriculture in Benue that will significantly deal with the problem.

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“I don’t worry about that. It is not the load that kills but how you carry it. So, these debts represent a deficit of imagination, a deficit of creativity, and a deficit of competence. Why I said so is not because I am in the mood to insult anybody.

“I said so because their original sin is not managing our revenue accruals very well because they didn’t manage revenue accruals due to three problems that they have created for themselves including the fact that they don’t have the competence to do an appraisal of revenue profile and capture all the revenue subheads and govern all the revenue sub-head prudently.

“Secondly, they are tardy in administration and supervision. So many leakages even within the one they captured.

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“Thirdly, they have collected campaign funding and other support from those who are benefiting from leakages and blind spots.

“So in order to keep their friends happy with them, the so-called political structures, they have created no-go areas. As a result of that, they are not able to capture enough revenue.

“Because they have hired an unpatriotic and unimaginative Governor of the Central Bank, so they’re able to create debts, like a drunken sailor and turned the apex bank into a casino. That is why they have all these crises.“

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Call For Unity Meeting Now, Edo Central PDP Chieftain Tells Obaseki

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A chieftain of the Peoples Democratic Party, PDP, in Edo Central Senatorial District, Chief Matthew Emiohe, has urged Governor Godwin Obaseki to go beyond declaration of ‘No victor, No Vanquished’ in the Edo PDP Supreme Court ruling, and reach out to the legacy members in order to ensure total victory for the party in the 2023 general elections.

Recall that the Appellate Court had Wednesday dismissed the legacy group’s appeal against the Obaseki-led faction and gave judgment in favour of Obaseki’s candidates.

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Emiohe, the Itohan of Esanland and one time former board member of the state-owned Ambrose Alli University, Ekpoma, insisted that it is imperative to go into the election as a strong and united PDP family.

He added that Edo Central hitherto remains a political stronghold of the PDP.

“What is expected now is for the governor to show leadership by calling for a meeting of both sides and unite everyone for the interest of the party. In Esanland, PDP has always dominated, so we cannot allow this to affect us as a party.

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READ ALSO: Edo Spent Over $150 Million On Erosion Control, Says Obaseki

“He should let the likes of Architect Mike Onolememen realise that there is still a future for him politically because what happened was an internal wrangling among brothers and that is why I feel the governor should reach out to the legacy PDP.

“ In my senatorial district, I have met with Senator Clifford Ordia to reach out to Mike Onolememen. In fairness to Ordia, he told us that if the Supreme Court judgment didn’t favour him, we should all work and vote for Onolememen because of the party,” he said.

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2023 Polls: How Division In APC Threatens Tinubu’s Victory

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The implementation of the Naira redesign policy and the resultant scarcity of the new notes appear to be tearing the ruling All Progressives Congress (APC) apart.

On Friday, a protest broke out in Oyo State capital, Ibadan, as people attacked banks and other locations. Earlier in the week, a protest also broke out in Benin City, Edo State, Enugu as well as other States.

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However, the biggest protest has been coming from within the ruling party, as Bola Tinubu, the presidential candidate of the party took the first salvo during a rally in Ogun State.

READ ALSO: Villa Elements: Lai Mohammed Knows Those I’m Referring To – El-Rufai

During the rally in Abeokuta, Tinubu said the redesigning of the Naira is directly targeted at his presidential ambition. He also maintained the same position in Ekiti State during the party’s rally.

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In the last 72 hours, Governor Nasir El-rufai of Kaduna State has been on media rounds— he has spoken to Channels TV, TVC, Arise TV and BBC. On each appearance, the message has been the same: some elements in the Villa are conspiring against Mr Tinubu.

Some of the comments by the Kaduna State governor fueled speculations that the “Villa Cabals” are backing Vice President Yemi Osinbajo, who contested against Tinubu but lost.

However, in subsequent interviews, El-rufai clarified that the VP is not part of the people sabotaging the party.

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“This is not the policy of our candidate (Bola Tinubu), this is the policy of fifth columnists. They want to bring us down, they want to bring this country down,” El-rufai had said during the interview on Channels TV.

Apart from El-rufai, other associates of Mr Tinubu also made some media rounds. Minister of Works and Housing, Babatunde Fashola was on Instagram Live discussing the campaign, while Ajuri Ngalale held nothing back during an interview.

Ngalale accused the CBN governor, Godwin Emefiele of presenting a poor policy direction to president Buhari.

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The outcome of the policy wasn’t what Emefiele initially presented to the President,” he said during an interview.

It would be recalled that the VP has also criticized the implementation of the policy.

Osinbajo, during a meeting with some players in the Fintech sector, said Nigerians are suffering the impact of the scarcity of the new notes.

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While applying pressure, some governors of the APC equally met with the president behind closed doors on Friday: however, the president insisted on seeing through the February 10 deadline. Shortly after the meeting, Emefiele also announced that there will be no further extension.

The no-extension stance of President Buhari and Emefiele appears to be consistent with the candidate of the Peoples Democratic Party, Atiku Abubakar, who asked the CBN not to extend the deadline beyond the fixed date.

Many within the ruling party are concerned that the impact of the policy may affect their chances at the polls considering how the PDP and New Nigeria Peoples Party (NNPP) are making a push into the Northwest.

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“Asiwaju is coming to terms with the impact of this policy on the election, therefore, he is pushing the Southwest base. The crowd in Osun was a statement, then Ekiti again. He is sending a message,” Ibrahim Gbadamosi, the coordinator of Asiwaju Grassroots Support told Daily Post.

“There is an uptick here, the fact the Asiwaju spoke up— he opened up the conversation around it. And look at it, the governors, particularly the Northern governors are solidly behind him. So there is no reason to be worried.

READ ALSO: JUST IN: Aso Rock ‘Elements’ Working Against Tinubu’s Victory – El-Rufai

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“We have six states in Southwest, we are optimistic of about five States in Northcentral, three States in Northeast and still strong in Northwest. In fact, we are pushing in States in Southsouth and Southeast.” He said.

Despite the optimism in the camp of the ruling party, many believe that the hardship associated with the swap of Naira may further weaken the chances of the ruling party.
DAILY POST

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Villa Elements: Lai Mohammed Knows Those I’m Referring To – El-Rufai

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The Governor of Kaduna State, Nasir El-Rufai has accused the Minister of Information and Culture, Lai Mohammed, of knowing the individual elements in the Villa that are working against the ruling All Progressives Congress, APC’s victory in the 2023 presidential election.

Recall that El-Rufai had earlier on Wednesday, alleged that some persons in the presidential Villa were working towards the failure of the party.

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Responding to him, the Information Minister while addressing the state house correspondents after the Federal Executive Council, FEC, meeting on Wednesday, noted that the Presidency is not aware of those in its fold working against the APC.

READ ALSO: 2023: Election Results Will Shock El-Rufai – Babachir Lawal

The Governor, however, on Thursday, in an interview on Arise TV, insisted that even Lai Mohammed knows the individuals he is referring to in the Villa.

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He said, ”Let me restate exactly what I said. What I said was that we are convinced that there are elements in the Villa that want APC to lose the elections, I did not say the Federal government. I did not say Asiwaju Bola Ahmed Tinubu. I said APC. So I don’t understand why the Federal government is responding to what I said because the Federal government is not part of it. I referred to elements in the Villa, and with the greatest respect, even Lai Mohammed knows who I am referring to.”

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