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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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Crisis Rocks Sokoto APC As Defunct CPC Bloc Alleges Marginalisation

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A fresh crisis is rocking the Sokoto State chapter of the All Progressives Congress (APC) as members of the defunct Congress for Progressive Change (CPC) have accused the party of sidelining them in appointments and decision-making.

Speaking at a CPC reunion meeting held on Saturday at Sokoto Guest Inn, the group’s leader, Hon. Ibrahim Magaji Gusau, alleged that despite forming a large segment of APC members in the state, they have been systematically marginalised.

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Gusau recalled that after the 2025 general elections, former President Muhammadu Buhari promised CPC loyalists ministerial slots, federal board chairmanships, and special assistant positions—commitments that, according to him, were never fulfilled.

READ ALSO:Group Demands Edo APC Secretary Resignation Over Alleged Marginalision

We played a crucial role in the formation and success of APC, yet our contributions have been ignored. If these grievances are not addressed, we may be left with no choice but to seek alternative political platforms ahead of 2027,” Gusau declared.

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The development has heightened internal tensions in the Sokoto APC, raising fears of a possible implosion as the 2027 elections approach.

Analysts say the crisis mirrors similar complaints from CPC loyalists across northern states, who feel increasingly alienated under the dominance of the defunct Action Congress of Nigeria (ACN) bloc since President Bola Ahmed Tinubu’s emergence.

READ ALSO:EFCC Releases Former Sokoto Gov Tambuwal

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In Sokoto, the situation is further complicated by the ongoing supremacy battle between Senator Aliyu Magatakarda Wamakko and Senator Ibrahim Lamido, a rivalry that has split the party into two factions.

Political observers warn that if left unresolved, the crisis could cost the APC its stronghold in the North-West. Stakeholders are now urging the party’s national chairman, Dr. Nentawe Yildwata, to intervene and reconcile aggrieved members.

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US Desperate To Remove You, Cleric Warns Tinubu

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The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned President Bola Ahmed Tinubu again regarding the vice president, Kashim Shettima, and his 2027 second-term ambition, while also stating that America is “desperate to remove” the president.

Primate Ayodele, in a statement signed by his media aide, Osho Oluwatosin, warned Tinubu not to drop Shettima as his running mate, noting that even if the VP offends the president, he should settle it for his own good.

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He explained that an attempt to bring another person on board would be a “huge minus” and would “destroy his chances and bring unnecessary enemies to him.”

“Dropping Shettima will cause trouble for you; those who want him out are your enemies who don’t want you to succeed. Anything that Shettima might have done, forget it, and let’s move the country forward,” the cleric advised.

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He continued; “If you remove Shettima, it’s a minus for you; don’t remove him if you still want to maintain your chances. There are things you need to settle between yourself and Shettima, settle with him and let him remain; if not, it will be a serious minus to your government.”

The cleric stated that Shettima is harmless to Tinubu, but that the president will still face challenges in the north, predicting that “the Emirs will gang up against you.”

He urged the president to “do extra work” because the “election won’t come by easily.”

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Primate Ayodele further revealed that America won’t support President Tinubu’s second-term ambition and will “do everything to see him removed from power.”

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He urged the president to avoid “self-inflicted problems by solving the issues of hunger and security.”

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“Also, make sure you sort out the issue of international communities, like I said, America isn’t your friend. America is desperate to remove you; they will do everything to see you out of power.”

He stated that there are people who can defeat Tinubu, and although none have openly shown interest yet, with the current situation on the ground, they will defeat the president if they contest.

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I am not in support of anyone. If anyone comes out to contest and can defeat you, I will tell you, but I have not seen it yet. However, you need to work very hard because if the person comes out with the situation on the ground, you will have issues.”

He concluded by reiterating that the true problems are not personnel, but the nation’s challenges.

Shettima isn’t your problem, but hunger in the country and other factors. If you don’t fix them, removing anybody from your government or adding anyone will not do you any good. You should also work on security, you can win terrorists, they are within Nigeria.”

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I’m Not Ready To Go Into The Gutters With Anyone – Makinde

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Oyo State Governor, Seyi Makinde, on Thursday, said he is not ready to “go low with anyone who decides to go into the gutters.”

He made this statement while addressing journalists shortly after the South-West zoning consultative summit of the Peoples Democratic Party, held in Lagos.

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He said, “Personally, when people go low or go into the gutters, I don’t go with them. Some people are now going into the gutters. We will reach out to them. That is democracy.

READ ALSO:Makinde, Wife Installed As Aare Omoluabi, Yeye Aare Omoluabi Of Akure Kingdom

I can disagree with people, but there shouldn’t be anything personal here. It should be about what we are giving to Nigerians because they are watching.”

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The governor added that despite challenges, recent elections had shown that the PDP remained a formidable force.

“In all our states, they showed last Saturday that PDP is not dead. In most other places of the 12 states, PDP came second. It is an indication to us that if we continue to work hard, we can reclaim the confidence of Nigerians,” he said.

When asked about discussions on zoning of the PDP presidential ticket to the South, Makinde said the party was not yet at that stage.

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READ ALSO:2027: Makinde For President Posters Flood Kano

We haven’t even gotten there. We need to have a party first before you start talking about presidential candidates. If we don’t have a party, anything you are trying to do will fall flat.

“Our efforts right now are directed towards having a vibrant and united PDP that Nigerians will be proud of and believe in again,” he said.

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Dignitaries at the meeting include the Chairman of PDP Board of Trustees, Adolphus Wabara, Chairman of the party’s National Zoning Committee and Bayelsa state governor, Douye Diri; Governors Ademola Adeleke of Osun state, Peter Mba of Enugu State, represented by his deputy, Ifeanyi Ossai; former Osun Governor, Olagunsoye Oyinlola; Bode George; and Monsurat Sunmonu.

Others were 12 of the 17 PDP National Assembly members and key stakeholders of the party from across the southern states.

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