Politics

Wike: What I Means By ‘I Owe You Nothing Statement,’ – Tinubu

Published

2 years ago

May 5, 2023

Editor

The President-elect, Asiwaju Bola Tinubu, has described as misleading, media reports of his response to Governor Nyesom Wike of Rivers State over request for refund of funds spent on building flyovers and federal roads in the state.

Tinubu had last Wednesday during the commissioning of Rumuokwuta-Rumuola flyover bridge, told Wike to lobby him to get refunds for the monies expended by the state on federal projects.

“On the demand you made for refund, I owe you nothing. It’s your road. You’re the one living on these roads. I commend your efforts. You have to lobby me to collect”, Tinubu had said.

Clarifying his response, the president-elect said Wike was in order against any shade of interpretation the public was giving to it.

“Whatever you say about owing or no owing, I’m very grateful to the man (Wike) who brought me here. He didn’t ask for personal commitment. He asked for a policy commitment that an incoming president has no authority to offer and approve.

“There can only be one President at a time. I cannot commit to expenditure on behalf of the outgoing President when my tenure has not started. Get educated, be informed, please,” Tinubu told Nigerians as he concluded his two day visit to Rivers State.

Procurement Act

Recall that Wike had drawn the attention of the federal government towards the need to amend its procurement law in order to end incessant abandonment of projects across the country.

He stressed that some of the flyovers were built on federal roads and the state should be refunded by the FG. He requested the incoming administration to consider a possible refund to the Rivers State.

“These projects are FG’s roads. We don’t want our people to suffer. I believe the Federal Government should say ‘let us refund these monies. I assure you, as you enter office and approve to pay these monies back, other states will also do same thing. So that (refund) is the first request we are making to you.”

N20m monthly for Law School
The Rivers governor also used the opportunity of commissioning the Magistrate Court complex to make a pledge of N20 million monthly stipend to the Nebo Graham Douglas Law School, a Federal Government facility, built by the state government.

He said: “When we handed over the Law School to the Council of Legal Education, the state government gave out N400m for the maintenance of the structures.

“We gave them property that they can use to make money to keep the school. We didn’t want a situation where they will say the federal government has not released money or the money they released is too small.

“I was told the other day that there was no light, there was no water. I can’t understand our system.”

The Governor attributed such attitude to the poor maintenance culture of the public sector in Nigeria, where nobody cares enough to maintain public property and charged state chief judge not to allow the newly constructed court complex to suffer such fate.

Governor Wike assured that financial provision would be made, which should cater to the maintenance needs of the complex for the first one year.

“As I am leaving office, in this one year, when I come here, I don’t want to see and hear that it is dilapidated or it has deteriorated, it will be unfair.

“So each month, you’ll get N20 million to maintain this place. So, we will give you one year (money) in advance so that you will keep this place well,” he said.

Politics

APC Defeats NNPP In Kano Re-run Election

Published

13 hours ago

August 17, 2025

Editor

The All Progressives Congress (APC) has defeated the New Nigeria Peoples Party (NNPP) in the Ghari/Tsanyawa supplementary re-run election in Kano State.

Announcing the result on Sunday, the Returning Officer, Prof. Muhammad Waziri of Bayero University, declared APC’s Garba Gwarmai winner with 31,472 votes, ahead of NNPP’s Yusuf Maigado, who polled 27,931 votes.

The supplementary election was conducted after the initial poll was declared inconclusive.

Hon. Gwarmai’s 3,541-vote lead marks a significant victory for the APC, further consolidating its political foothold in the state.

According to Tribune Online, the All Progressives Congress (APC), Kano State Chapter, had expressed concerns over alleged irregularities in the rerun elections for Ghari/Takai and Bagwai/Shanono Constituencies.

Politics

Obi Blames Tinubu For 70% Investment Crash

Published

1 day ago

August 16, 2025

Editor

The 2023 presidential candidate of the Labour Party, Peter Obi, has accused President Bola Tinubu’s administration of presiding over what he described as “a collapse in foreign direct investment.”

He blamed what he called “poor leadership, weak governance, and uncoordinated reforms” for the country’s economic woes.

Obi, in a statement shared on official X (formerly Twitter) handle on Friday, noted that going by fresh figures from the National Bureau of Statistics, FDI into Nigeria plunged by about 70 per cent in the first quarter of 2025, falling to $126.29m from $421.8m recorded in the last quarter of 2024.

“While the President, ministers, and other government officials continue their global galivanting in search of FDI, our poor performance in key governance indicators – such as rule of law, regulatory quality, government effectiveness, and voice and accountability – continues to prove that you cannot attract sustainable foreign investment with poor leadership and governance,” Obi wrote.

While noting that the country’s investment inflows were largely speculative, Obi said, “Of the total capital importation of about $5.64 bn in Q1 2025, FDI accounted for only about 2.24 per cent, compared to 8.2 per cent in Q4 2024.

“Disturbingly, about 90 per cent of the imported capital went into speculative money market instruments, with negligible impact on industrial growth or job creation, given the ease with which such ‘hot money’ can exit the economy.”

He argued the sharp drop in manufacturing inflows further underscored the lack of investor confidence in the country.

“Capital flows to the manufacturing sector declined by 32.1 per cent, falling to only $129.92 million in Q1 2025 from $191.92 million in the same quarter of 2023. There is no better confirmation of the lack of trust in this government, whose reforms remain uncoordinated and largely reactive,” he said.

The former Anambra State governor further compared the country’s performance with other African nations that recorded major gains.

“In 2024, while global FDI flows declined, Africa’s FDI rose by about 75 per cent to $97 billion,” he stated.

“Egypt alone attracted $46.58 billion. Ethiopia received $3.98 billion, Côte d’Ivoire $3.80 billion, Mozambique $3.55 billion, Uganda $3.30 billion, DR Congo $3.11 billion, South Africa $2.47 billion, Namibia $2.06 billion, Senegal $2.02 billion, Guinea $1.83 billion, and Morocco $1.64 billion.”

According to him, Nigeria has been left trailing far behind.

“Most disappointingly, our dear nation, the so-called ‘Giant of Africa,’ received only $1.08 billion – about one per cent of Africa’s total FDI – representing a decline of about 42 per cent from 2023. Worse still, after that 42 per cent drop between 2023 and 2024, FDI to Nigeria has further declined by 75 per cent between Q4 2024 and Q1 2025,” Obi lamented.

He warned that unless Nigeria fixed its governance problems, it would continue to lose investment to more stable African economies.

“We cannot achieve sustainable growth and development with ineffective leadership and a weak government,” he said.

Politics

By-election: Edo Deputy Gov Lauds Credible Process, Encourages Voters

Published

2 days ago

August 16, 2025

Editor

Edo State Deputy Governor, Dennis Idahosa, on Saturday commended the impressive turnout of voters in the ongoing by-election for the Ovia Federal Constituency seat in the House of Representatives.

Idahosa gave the commendation after casting his ballot at Unit 3, Old Education Board, Iguobazuwa West Ward, Ovia South-West Local Government Area.

He described the process as seamless, peaceful, and encouraging.

Edo Deputy Governor, Dennis Idahosa, on the queue at the Ovia Federal Constituency to cast his vote.

“I must commend the people for coming out in large numbers to vote. So far, everything is going well. We are expecting free, fair, and credible elections. Ovia people will be happy with the outcome. I am calling on more voters to come out and perform their civic duties.

“I just voted and I am going home while I wait for the result,” he said.

Meanwhile, at Okada West Ward Units 1, 4, and 6, voters were seen in long queues waiting to cast their ballots.