Politics
SDP Presidential Candidate, Adebayo Promises To Clear Nigeria’s ₦77trn Debt In Three Budget Cycles
Published
3 years agoon
By
Editor
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.
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
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?
“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.
“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.
“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.
“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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Politics
Ekiti 2026: APC Aspirant Slams Oyebanji For Threatening Party Leaders
Published
10 hours agoon
August 24, 2025By
Editor
An All Progressives Congress aspirant in the 2026 governorship election, Kayode Ojo, on Sunday, tackled Ekiti State Governor, Biodun Oyebanji, for threatening party chairman in the local government area and wards not to entertain any other contender.
Ojo, who said that the governor’s waning popularity had pushed him to desperation, said, “This threat is not only ludicrous, but also vexatious and aptly demonstrates to all and sundry that the governor intends to turn the APC into his private fiefdom and family inheritance.”
The APC aspirant, represented by the Chairman, Consultative Forum of Kayode Ojo, Olukayode Oluyemo, who spoke at a press conference in Ado Ekiti on Sunday, expressed confidence that Ojo would win the party’s October 27, 2025 primary election despite alleged attacks and harassment from Oyebanji’s camp.
He restarted his determination to govern Ekiti State to redress what he called “the inexplicable stagnation ravaging Ekiti State despite the huge monthly allocation from the Federation Account as well as the state’s potential for development and growth.”
READ ALSO:Ekiti Govt Issues BEDC Seven-day Ultimatum Over Power Outage
He spoke in reaction to a statement credited to Oyebanji on Friday while receiving his APC expression of interest and nomination forms from a group within the Ekiti State University Alumni Association, which obtained the forms for him.
Oyebanji was quoted to have said, “I want to see the local government, I want to see the local government chairman and the ward chairman of APC that will open their doors and offices for these people. I want to know the party member that will receive them.”
But Ojo described the governor’s threat as a “violation of APC Constitution on the issue that members of the party are free to associate and to hold meetings with any aspirant in as much that they belong to the same party. We are members of APC, I don’t see why the governor is violating this constitutional provision.
“It is our party, so we are calling on the national executives of our party in Abuja to caution him so that he will not destroy APC.
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“The governor is as well violating the Nigerian constitution, which has made it very clear that everybody has the right to associate. Everybody has the right to switch, I mean to pick your candidates and hold meetings at anywhere as long as you are not holding the meeting to rob or to cause criminal activities.
“So Mr Governor of Ekiti State should trust softly, be a democrat, obey the constitution of Nigeria and obey the constitution of our party, APC”.
Oluyemo, who said that Ojo’s friends and supporters, who had provided cash for his nomination and expression of interest forms, disclosed that they would pick the forms at APC National Secretariat in Abuja on Monday.
He said that the group had been mobilising APC members ahead of the forthcoming primaries to enable Ojo pick the party ticket, saying, “The problem we have been having is attacks from the side of the government, which probably feels that there should not be any opposition.
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“We are not opposition members. We are members of the same party.
We only have our preferred aspirant, who we are backing to emerge as flagbearer.”
The group’s chairman, who alleged that Ojo’s supporters were being framed up and arrested for fictitious offences, called on police leadership in the state and at the federal level “to provide a level playing ground for all APC members to choose and follow their preferred aspirants preparatory to the party’s governorship primary election.”
He stated, “We equally plead with the leadership of APC in Ekiti State to eschew partisanship and embrace all governorship aspirants as one in the APC family.
READ ALSO:
“We also plead with President Bola Tinubu and the national leadership of our great party to caution Governor Oyebanji against ordering the arrest, harassment and maiming of APC members in Ekiti State. The forthcoming primary election is not a do-or-die affair,” he said.
Oluyemo urged supporters “to remain steadfast, law abiding and patriotic and unshakably loyal to the cause by stepping up mobilisation efforts across the 16 local government areas of the state without any fear as the day of liberation draws near”.

Benue State House of Assembly on Sunday elected Alfred Emberger as its new speaker.
The appointment came shortly after the resignation of the former speaker, Aondona Dajoh.
The new speaker is one of the four members suspended last Friday for attempting to remove the former speaker.
At the plenary session held on Sunday and presided over by the deputy speaker, Lami Danaldi-Ogenyi, the house resolved to lift the suspension on the four members.
READ ALSO: JUST IN: Benue Assembly Speaker Aondona Dajoh Resigns
The majority leader, Saater Tiseer, who said that the plenary was an emergency one, moved a motion for the lifting of the suspension on the four members and was seconded by Samuel Jiji of Logo state constituency.
The deputy speaker said, “Following the motion raised by the majority leader and supported by members of the house, this house has resolved to lift the suspension of the four members.”
After lifting the suspension, the four members were ushered into the chamber, and the nomination of the new speaker was announced.
A member representing the Makurdi South state constituency, Douglas Akyaa, moved a motion and nominated Emberger for the position of new speaker, seconded by Abu Umoru of the Apa state constituency.
READ ALSO:BREAKING: Benue Assembly Suspends Four Members For Attempting To Impeach Speaker
While there was no other nomination, the new speaker took the oath of office administered by the Clerk of the house, John Hwande
The new speaker, in his acceptance speech, commended the former speaker for his service and commitment to the progress of the house and the people of the state.
He further said, “To my esteemed colleagues, I assure you that this leadership will be anchored on inclusiveness, fairness and respect for diverse opinions.
“This house under my watch will work harmoniously with the executive and judiciary while maintaining our independence in line with the principle of separation of powers.”
Politics
JUST IN: Benue Assembly Speaker Aondona Dajoh Resigns
Published
12 hours agoon
August 24, 2025By
Editor
The Speaker of the Benue State House of Assembly, Aondona Dajoh, has resigned from his position.
According to Channels TV, the resignation is contained in a letter dated August 24, 2025, and titled “Resignation as the Speaker, Benue State House of Assembly.”
Dajoh said his decision was made in good faith and in the interest of the state.
“I write to resign my position as the Speaker, Benue State House of Assembly, effective today, August 24, 2025. This is done in good faith and in the best interest of the state. I want to appreciate my dear colleagues for the opportunity they gave me to be the first among equals,” the letter, personally signed by Dajoh, read in part.
READ ALSO: BREAKING: Benue Assembly Suspends Four Members For Attempting To Impeach Speaker
Dajoh, who represents Gboko West State Constituency, pledged to continue serving as a legislator.
“I pledge to remain committed to my duties as a legislator and representative of Gboko West State Constituency,” he added.
Details about who will replace Dajoh had not been released at the time of filing this report.
The House is expected to follow its standing orders to fill the vacancy and name a new speaker in line with legislative procedure.
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