Headlines
2023: APC Set to Field Northern Presidential Candidate
There are strong indications that the All Progressives Congress may field a northern candidate that can compete with the Peoples Democratic Party if the opposition party picks its presidential standard-bearer from the North in 2023.
The PUNCH gathered on Monday that although the APC was interested in zoning its presidential ticket to the South, the outcome of the PDP’s presidential primary scheduled for May 28 and May 29 would determine its final decision.
It was also learnt that the chieftains of the party in the North had started shopping for a strong presidential candidate from the region if the PDP’s candidate is picked from the North.
The speculation that a northern candidate emerging at the presidential primary of the APC on May 30 have continued to rise due to the possibility of the opposition PDP to present a northern candidate.
Currently, the majority of the APC presidential aspirants including its national leader, Asiwaju Bola Tinubu; the Vice-President, Prof Yemi Osinbajo; the Minister of Transportation, Mr Rotimi Amaechi; the Ebonyi State Governor, Dr Dave Umahi and the Minister of Labour and Employment, Dr Chris Ngige, are from the South except a few like the Kogi State Governor, Yahaya Bello, who hails from the North-Central.
The APC’s National Chairman, Senator Abdullahi Adamu, had in an interview with State House correspondents on Friday, said the party had yet to zone its presidential ticket.
But a member of the party’s National Working Committee, who confided in one of our correspondents, said, “The presidential ticket can go anywhere. In fact, we will get a strong northern candidate that can defeat the PDP if it zones its presidency to the North.”
Efforts to reach the National Publicity Secretary of the APC, Felix Morka, were unsuccessful as he failed to answer the calls made to his phone.
But in an interview with the News Agency of Nigeria on Monday, a founding member of the APC, Mr Osita Okechukwu, confirmed the possibility of a northerner emerging at the party’s presidential primary.
He said the party was fine-tuning its strategies on the 12 million vote bank of the President, Major General Muhammadu Buhari (retd.).
The APC had in 2015 claimed that Buhari had strong support base in the core North, where 12 million voters, which the party referred to as the President’s 12 million vote bank, would always vote for him.
It added that the 12 million voters consistently supported him in 2007 and 2011. According to the party, the President won in 2015 with additional support from the South-West.
On Monday, Okechukwu said the APC had been watching with studied interest “the desperation of the PDP to prey on President Muhammadu Buhari’s 12 million vote bank.”
According to him, as a political party, the APC has to fine-tune its strategies for the general elections.
“They want to capture power by all means, indeed using Machiavellian tactics. We all know that PDP is famished, thirsty and desperate to win the Presidency in 2023. They loathe the loss of their slogan, ‘Share the Money’, through their absence from power at the centre for seven going to eight years.”
The Punch
US President Donald Trump has signed a federal spending bill, officially ending the longest government shutdown in American history.
The legislation, passed by the House of Representatives in a 222–209 vote, followed narrow approval in the Senate just two days earlier. The bill restores funding to federal agencies after 43 days of closure, bringing relief to millions of government employees and citizens affected by halted services.
Speaking after signing the measure on Wednesday night, Trump described the deal as a political victory, asserting that Democrats unnecessarily prolonged the shutdown.
“They didn’t want to do it the easy way. They had to do it the hard way, and they look very bad,” he said.
The temporary funding bill maintains government operations only through 30 January, creating a new deadline for lawmakers to negotiate a long-term budget solution.
As part of the agreement, Senate leaders committed to an early December vote on Obamacare subsidies, a key priority for Democrats during the shutdown standoff.
In addition to reopening federal offices, the bill provides full-year funding for the Department of Agriculture, military construction projects, and several legislative branch offices.
It also ensures retroactive pay for federal workers affected by the shutdown and allocates funding to the Supplemental Nutrition Assistance Program, SNAP, which helps about one in eight Americans access food.
The shutdown, which began in October, forced the suspension of many government services, leaving an estimated 1.4 million federal employees either furloughed or working without pay. It also disrupted food assistance programmes and caused widespread delays in domestic air travel.
With federal operations now resumed, attention in Washington has turned to whether Congress and the White House can reach a longer-term funding agreement before the new deadline at the end of January.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.
NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.
President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.
The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.
The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.
Implementation was slated to take effect on November 21, 2025.
The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.
While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.
Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.
In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.
“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.
Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.
The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.
The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.
This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).
In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.
President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.
