Connect with us

Politics

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

Published

on

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.

Advertisement

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

Advertisement

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?

Advertisement

“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.

Advertisement

“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.

Advertisement

“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.

Advertisement

“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.“

Advertisement

Politics

ADC Will Take Over Aso Rock, Lagos Govt House In 2027 — Aregbesola

Published

on

The National Secretary of the African Democratic Congress (ADC), Ogbeni Rauf Aregbesola, has vowed that his party will unseat President Bola Tinubu and also take over Lagos state come 2027.

The former governor of Osun State made the pledge on Saturday, at an event where the leader of the Conscience Forum of the Labour Party (LP), Hon. Moshood Salvador, led members of the group to the African Democratic Congress (ADC).

Advertisement

The event which held in Lagos also marked the 25th anniversary of the Conscience Forum as a political group.

It had in attendance the National Secretary of the African Democratic Party, Ogbeni Rauf Aregbesola, leadership of the ADC in Lagos state, and wards and zonal leaders of the Conscience Forum from the 20 Local Government Areas and 37 LCDAs in the state.

READ ALSO:BREAKING: INEC Recognises David Mark-led ADC Leadership

Advertisement

Addressing the new members, Aregbesola commended the leadership, executives and members of the Conscience Forum while tasking them on the need to take over the seat of power in Abuja and Lagos in 2027 general elections.

He pledged that the ADC will produce the next president of the country while charging the new intakes not to relent in their efforts to changing Nigeria for the better.

He said, “I am happy to be a part of this gathering. I am also happy to receive you into the ADC folds. We are the only one that can make it difficult to take over wherever we are if the Conscience Forum, good looking people with highly cultured leadership can organized this kind of event to make a declaration for the ADC and follow the line enunciated by the leader, surely, Alausa is a sure ticket for all of us.

Advertisement

“With our resolve, it won’t be difficult at all to take over the seat of power. It’s a simple strategy of one getting ten and each of the ten will equally get ten. Its operation ten over ten. Once we are able to get this done, that’s the end of it. We will surely meet at the Aso Rock Villa and produce the next president of the country. Once again, I am happy to be here and we must not relax our efforts to change Nigeria.”

Speaking on the move to the ADC, Salvador said the problems confronting the Labour Party has shown that it is not a party for the future.

READ ALSO:Rhodes-Vivour Dumps Labour Party, Joins ADC

Advertisement

He said, “Today, we are marking the 25 anniversary of the Conscience Forum and at the same time, for a wise man or people of wisdom, we look back to what you’ve achieved and look forward to what we are aiming to become. Our members were in Labour Party and the problem of the Labour Party has shown that they have lost the future. Its no more a party of the future and that is why, we have to think of where next since we have the new wave and the formation of coalition of political party, for anyone that wants something good of its members, the best is to join the coalition.

“This is not just the ADC. The ADC being the symbol of the coalition and that is why Conscience Forum, being a political group with over 400, 000 members in Lagos will have to showcase our structure including our LGA and Ward officers and so on. This is necessary for them to know the size of the group they are taking in. We chose today being our 25th anniversary to declare for the ADC so that our members will now join the ADC at their various ward levels.”

Advertisement
Continue Reading

Politics

2027: Details Of Jonathan, Peter Obi Meeting Emerge

Published

on

Details have emerged regarding the recent closed-door meeting between former President Goodluck Jonathan and former presidential candidate Peter Obi.

The two leaders are reportedly discussing strategies for a unified front in the 2027 presidential election.

Advertisement

The meeting took place on Thursday, with Obi disclosing insights about the engagement on his Facebook and X accounts.

The meeting was a continuation of previous conversations between the two leaders over strategies for the 2027 race.

READ ALSO:2027: Jonathan, Obi Hold Closed-door Meeting

Advertisement

The National Coordinator of the OBIdient Movement, Dr Yunusa Tanko, confirmed this in a statement on Friday.

They (Jonathan and Obi) have been friends for a long time. The meeting was for them to fraternise and discuss how to rescue Nigeria.

“But for us in the OBIdient Movement, it would be great if Jonathan remains the respected statesman he is known for. He has done his best as President, he is respected, and this is the time for him to support his brother,” Tanko told Daily Trust.

Advertisement

READ ALSO:2027: Jonathan Opens Up On Eligibility To Run Again

Tanko further alleged that some politicians were plotting to use Jonathan against Obi but maintained that the Obidient Movement would not allow such a plan to succeed.

“We are aware of such moves, but we strongly believe they will not succeed.

Advertisement

“Many Nigerians believe the next president should come from the South, and for fairness, the South East should get the chance. Peter Obi is the ideal candidate,” he added.

 

Advertisement
Continue Reading

Politics

Tinubu’s Mandate Accomplished In Rivers — Ibas

Published

on

Rivers State Administrator, Vice Admiral Ibok-Ete Ekwe Ibas (retd.), has stated that the mandate given to him by President Bola Ahmed Tinubu has been “sufficiently achieved” with the restoration of democratic governance at the grassroots.

Ibas made the remark on Friday at Government House, Port Harcourt, during the presentation of the report on the recently concluded local government elections by the Rivers State Independent Electoral Commission (RSIEC).

Advertisement

He recalled that Tinubu, on March 18, 2025, directed him to stabilise the state, re-establish its institutions, and return Rivers to full democratic governance following his appointment as sole administrator.

According to him, the successful conduct of the polls and the swearing-in of elected chairmen and councillors across the 23 local government areas marked the fulfilment of that mandate.

READ ALSO:Rivers Women Walk Out On Ibas’ Wife, Chant ‘We Want Fubara’

Advertisement

Mr. President’s mandate to me was clear: to stabilise the state, create an enabling environment for the re-establishment of its institutions, and return Rivers State back to full democratic governance. With the successful conduct and swearing-in of local government chairmen and their councils, I believe we have decisively achieved the mandate that we were given,” Ibas stated.

He praised RSIEC for what he described as a credible and transparent election, noting that the exercise was free of harassment and voters freely expressed their choices.

Ibas added that the government would review the RSIEC report and issue a white paper in due course. He also commended his team, security agencies, and state officials for their contributions.

Advertisement

RSIEC Chairman, Dr Mike Odey, who presented the report earlier, described the election as a “historic achievement” for Rivers and the country. He stressed that it was organised, coordinated, and concluded within 30 days — an unprecedented record in Nigerian electoral history.

Advertisement
Continue Reading

Trending