Skip to main content

Nigeria Politics : Printing of N60bn by CBN, wake up call for Buhari, APC – PDP warns

 


The Peoples Democratic Party (PDP) has said the recent statement by the Edo State Governor, Godwin Obaseki over the printing of N60 billion by the federal government, which was shared for states is a wake-up call for President Muhammadu Buhari and his party, the All Progressives Congress, APC.

Governor Godwin Obaseki had in a statement on Thursday, advised the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed to rally Nigerians to stem the obvious fiscal slide facing the Country and take urgent steps to end the current monetary rascality to prevent the prevailing economic challenge from degenerating further.

Addressing newsmen in Benin City on Thursday, the Edo State Chairman of the People Democratic Party, PDP, Mr. Tony Aziegbemi, described Governor Obaseki’s statement as a wake-up call on Nigerians including President Muhammadu Buhari, the All Progressives Congress (APC)-led Federal Government.

He said it was a call to revert the rising national debt of N32 trillion, 18.17% inflation rate and 43% unemployment rate in Nigeria.

 

The PDP Chairman who predicted that doomsday lies ahead if the federal Government continue on the path of perfidy, citing over 85% recurrent expenditure and less than 15% capital expenditure in the 2021 budget, assured that Edo State has already developed an economic plan of action to mitigate any unforeseen contingency.

“We can’t continue to live on borrowing and printing of money while relying on unstable, fluctuating and uncertainty in the price of oil. No government can plan with these factors.

“Obaseki’s comment was to alert Nigerians and policymakers at all levels to begin to think how we can navigate out of the economic and financial crisis facing the country.

Aziegbemi also cleared the air on the implementation of policies by Obaseki in the areas of job creation, provision of infrastructure through prudent management of resources in the state.

“The administration under Obaseki will not play to the gallery, not just to please people but attend to the needs of all Edos”

“The people are the most important component in an ideal state he added.

Labels:

Comments

Post a Comment

https://saviournicodemus.blogspot.com

Popular posts from this blog

Nnamdi Kanu Sends Important Message To IPOB Members From Detention

    The detained leader of the proscribed Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, has sent an important message to his followers over the Biafra movement. The embattled separatist according to one of his brothers, Prince Kanu Meme, has asked his disciples to trust and comply with directives from the Directorate of State (DOS). Boasting his belief in the separatist movement’s administrative structure, Kanu said “I’m DOS and DOS is me”.  Naija News understands that the DOS, headed by diaspora-based Chika Edoziem has been contending with authority issues since Kanu’s arrest in Kenya in June 2021. It has been observed that IPOB is in disintegration following Nnamdi Kanu’s rearrest and detention. The present situation of the Biafran movement can be likened to that of sheep without a shepherd. However, Kanu in a conversation with his sib...
Post a Comment
Read more

IPOB: The Nigerian Civil War, commonly known as the Biafran War

  THE HISTORY OF BIAFRA AND NIGERIA WAR  Israel, Nigeria and the Biafra civil war    The Nigerian Civil War , commonly known as the Biafran War (6 July 1967 – 15 January 1970), was a war fought between the government of Nigeria and the secessionist state of Biafra. Biafra represented nationalist aspirations of the Igbo people, whose leadership felt they could no longer coexist with the Northern-dominated federal government. The conflict resulted from political, economic, ethnic, cultural and religious tensions which preceded Britain's formal decolonization of Nigeria from 1960 to 1963. Immediate causes of the war in 1966 included a military coup, a counter-coup and persecution of Igbo living in Northern Nigeria. Control over the lucrative oil production in the Niger Delta played a vital strategic role. Within a year, the Federal Government troops surrounded Biafra, capturing coastal oil facilities and the city of Port Harcourt. The blockade imp...
Post a Comment
Read more

Judge transfers Nnamdi Kanu’s motion to CJ for reassignment

Judge transfers Nnamdi Kanu’s motion to CJ   on   September 15, 2025 By   Matthew Atungwu   Justice   Musa Liman of the Federal High Court in Abuja, on Monday, sent back to the Chief Judge, CJ, a motion filed by Nnamdi Kanu,  leader of the proscribed Indigenous People of Biafra, IPOB, for reassignment.      Make money online with cheelee Kanu, in the motion ex-parte, is seeking an order of the court transferring him to Abuja National Hospital for urgent medical attention. Justice Liman, in a short ruling, made the order transferring the case file back to the CJ, following an application by Kanu’s counsel, Uchenna Njoku, SAN, considering the fact that the annual vacation of the court would be ending The Department of State Services (DSS) lawyer, Chief Adegboyega Awomolo, SAN, did not oppose Uchenna’s application. Earlier, upon resumed hearing in the case, the judge hinted that there was no time anymore for the vacation court to decide Ka...
Post a Comment
Read more