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‘World Bank Report Reveals Why Nigeria Needs Atiku’

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‘Against the backdrop of a bleak economic future for Nigeria painted by the World Bank recently, the Peoples Democratic Party Presidential Campaign Council has said the report justifies the need to have its candidate, Atiku Abubakar, elected president of the country to address the nation’s many challenges.

The PUNCH had quoted Alex Sienaert, World Bank’s lead economist for Nigeria, as saying that in 2023, debt servicing will gulp 123.4 per cent of the country’s total revenue.

Sienaert had stated this in a presentation titled ‘Nigeria Public Finance Review: Fiscal Adjustment for Better and Sustainable Development Results’ for the month of November.

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READ ALSO: 2023: Atiku, Tinubu Fight Dirty In Bid To Succeed Buhari

Borrowing more is not the solution: debt costs are rising rapidly, squeezing non-interest spending,” he said, adding that “debt servicing has surged over the past decade and is expected to continue increasing over the medium-term, crowding out productive spending.”

Responding in a statement to the presentation, spokesman of the campaign council, Senator Dino Melaye said, “The solution to the years of the locusts under APC is Atiku Abubakar, who worked under a team that brought great economic prosperity to Nigeria.

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“The APC presidential candidate is always eager to dissociate from Buhari, but he carries a DNA that is infused with the APC blood and water. What can he do differently? Besides, if he had a different solution he could have offered it to his failed party so as to pave a smooth way for his own emergence. Having ‘chilled’ with the big boys, he now wants to ‘chill’ alone.

“Nigerians should look forward to the termination of APC’s arrested development when Atiku/Okowa and the PDP return Nigeria to its winning ways. As President Obasanjo said in his famous aphorism, there is no need to reinforce failure.

“What the World Bank report has done is an economic advisory, which Nigerians have to take seriously by looking away from APC and embracing the People’s Democratic Party on February 25, 2023.”

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According to the statement, “the recent report by the World Bank, confirming the arrested development experienced under the All Progressives Congress administration since 2015 has more than any other indices, justified the imperative of stopping APC from doing further damage to Nigeria’s economy and social advancement in 2023.

“The APC inherited a healthy economy in 2015, just a year after Nigeria’s economy was re-based, and rated as the largest economy in Africa, ahead of South Africa. Rather than consolidate on the gains recorded by the PDP administration, Buhari and the APC embarked on unprecedented economic amateurism that has thrown Nigeria into one of the least performing economies in Africa. The APC has also thrown Nigeria into such a huge debt doldrum that it would take the country years of creative management to regain lost grounds.

“The APC which premised its campaign on change has succeeded in taking Nigeria back more than 10 years. While they accused their predecessors of corruption, they have now made corruption a state policy and the stench in the high corruption quotient of APC provokes deep revulsion.”

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The statement further read, “Nigerians will not forget the great prosperity under the PDP administrations. They can also not forget how the reversal of fortune under APC has brought Nigeria down from prosperity to poverty, resulting in the relegation of Nigerians to a nation of 133 million poor citizens.

“If only Nigerians understood what the APC meant by change! The prodigal son scores better when peered with the APC.

READ ALSO: Tinubu’s Spokesman, Onanuga Narrates How Atiku’s Convoy Almost Kill Him

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“Sadly, the poor performance of the APC is not limited to the economy. Insecurity has degenerated by a higher degree. Unemployment is at its worst. The energy crisis remains intractable and unaddressed.

“The Buhari administration and APC are now relying on the Department of State Services to make fuel available to Nigerians. The subsidy programme that came under heavy criticism by APC has not only been sustained but has become an indefensible and convoluted policy in which the supposed poor now pay higher for fuel than the obviously rich. While fuel sells for about N180 in the cities, the rural folks buy the same product at about N300-500 per litre.”

 

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IPF Commends Tompolo’s Commitment To Security In Delta, Nigeria

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Ijaw Publishers’ Forum (IPF) has commended High Chief Government Ekpemupolo, popularly known as Tompolo, for his remarkable commitment to improving security in Delta State, Niger Delta and Nigeria at large.

In a press statement by its national president, Comrade Ozobo Austin, the IPF described Tompolo’s gesture towards Delta Security Trust Fund as a demonstration of his firm commitment to promoting peace, security, and progress in the atate, Niger Delta and Nigeria.

The group’s leadership lauded Tompolo’s philanthropic efforts, which according to them, portrayed his dedication to the well-being and prosperity of the country.

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READ ALSO:IPF Wants NDDC MD Ogbuku, Others Probed

Recall that Tompolo promised continued support for the Delta State Security Trust Fund after making a handsome donation at the event held at the government house yesterday.

“The unprecedented donation and firm commitment to peace and security in the country by High Chief Tompolo are shining examples of his leadership and dedication to the development of Delta State, Niger Delta and Nigeria as a whole.

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“We commend him for his vision and generosity, and we urge others to follow his footsteps in supporting initiatives that promote peace and security in Delta State and Niger Delta region.

“High Chief Tompolo’s support will go a long way in enhancing security measures in Delta state and contributing meaningfully to the overall development of the country,” the statement reads.

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University Suspends Students’ Union Over Controversial ‘Gender Swap Day’

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The management of Taraba State University (TSU), Jalingo, has suspended the Students’ Union Government (SUG) indefinitely following allegations of misconduct during the recently concluded 2025 Students’ Week celebration.

The decision came after photos and videos from the event’s controversial “Gender Swap Day” surfaced online, sparking outrage from members of the university community and the general public. The university said the activities violated its values, dress code, and moral standards.

In a statement signed by the Vice-Chancellor, Professor Sunday Paul Bako, on Tuesday, October 14, 2025, the management described the incident as “regrettable and disappointing,” noting that some students’ actions were inconsistent with the institution’s core principles.

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READ ALSO:Nigerian-born Rwandan Varsity DVC Named Among World’s Top 2% Scientists

An emergency management meeting held on Monday, October 13 reviewed the incidents and blamed poor supervision and coordination by the current SUG leadership for the disorder that occurred during the week-long celebration.

As part of the resolutions reached, the SUG has been suspended indefinitely to pave the way for a complete restructuring of student leadership and representation. The university also announced plans to introduce a new framework promoting accountability, discipline, and inclusiveness among student leaders.

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Students who were involved in actions that misrepresented the university’s image will face disciplinary action,” the statement read.

READ ALSO:Tinubu Under Fire Over Presidential Pardon For Drug Offenders

Those whose behavior involved criminal acts have been arrested and will be handed over to law enforcement for further investigation.”

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In response, the SUG led by Victor Mishak Abednego, tendered an official apology to the university management, expressing regret over the embarrassment caused by the event and promising stricter adherence to university rules in future activities.

The university reaffirmed its commitment to academic excellence and moral integrity, warning that such conduct will not be tolerated in any future student-organized events.

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Fire Ravages Residential Building In Oyo

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Photo: File copy

Properties worth millions of naira have been destroyed in a fire incident that ravaged a residential building in Oyo, Oyo State.

The incident occurred at Aladota, Oke-Olola Area in Oyo around 9 am on Wednesday.

The chairman of the Oyo State Fire Service, Maroof Akinwande, confirmed the incident.

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READ ALSO:Edo Assembly Commission Questions Clerk Over Alleged Age Falsification

In a statement made available to DAILY POST on Wednesday, Akinwande said that officers of the agency were immediately mobilised to the scene once they were informed.

“The fire incident was as a result of a spark from electricity which ignited combustible materials and set the room ablaze. No casualty was recorded. The agency was able to save properties worth millions of naira,” he said.

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