Headlines
PDP: Bode George Joins Calls for Ayu’s Resignation
A former deputy national chairman of the Peoples Democratic Party, Olabode George, has called for the resignation of the party’s National Chairman, Iyorchia Ayu, while making a case for the position to be filled by a southerner.
According to George, the present arrangement in the party which has the presidential and national chairman positions filled by persons from the north cannot continue to stand.
George, who spoke at a press conference in Lagos on Thursday, said Ayu’s refusal to resign sends a message to members of the PDP in the South that they don’t matter.
He said, “In May this year, we elected our presidential candidate in the person of Atiku Abubakar, setting aside the principle of rotation as enshrined in the constitution of our party in the interest of peace and unity of our party. Today, we are in a situation in which our National Chairman is from the same zone as our presidential candidate.
“Some people are insisting that there is nothing wrong with this present arrangement. Some have argued that this happened during Chief Olusegun Obasanjo’s administration, where the candidate and the national chairman were from the same zone.
“Let the truth be told, there are remarkable differences in the scenario then and now. Then we had the leader of the party who was then a sitting president from the South and the candidate was from the North.
“In addition, the National Chairman, Dr Ahmadu Ali, was then on his way out. Today we have no sitting President from our party in Aso Villa so, that argument falls flat. We need to stop playing games and being zombified.
“Let me summarise the genesis of the current crisis.
“As envisaged by the founding fathers of our party, there are six top positions in our Country: President, Vice President, Senate President, Speaker of the House of Representatives, Secretary to the Government of the Federation and National Chairman of the party.
“Presently we are not in government, therefore we only control three of these six positions namely: Presidential, Vice Presidential Candidates and National Chairman.
“I remember that Dr. Iyorchia Ayu said pointedly that if the Presidential Candidate emerges from the North, he would resign for a new National Chairman to emerge from another zone before the presidential campaign starts.
“The other three positions are futuristic. It is only when we win the elections that we will fill these positions namely: the Senate President, the Speaker and the Secretary to the Federal Government.
“As a result of the need to have inclusiveness, oneness and togetherness, it does not make any political sense for the Presidential Candidate and the National Chairman to come from the same zone. Now, we have a situation in which some elders are saying “it does not matter”. Can we go into the election with Alhaji Atiku Abubakar and Dr. Iyorchia Ayu, from the same zone, leading our National Campaign?
“This will be an affront, an impunity, and an insult to the electorate and party members from the South.
“Dr. Ayu promised openly, before the presidential primary in May, to resign, if the Presidential Candidate emerges from the North. So, why has he refused to honour his words? Why is he reneging? What is driving his reluctance not to resign?
“We are promising Nigerians that when we get to government, every tribe will have a say in government but now, how do we want Nigerians to trust us when we cannot fulfil a simple promise? Our National Chairman made a pledge and in such a short time he has broken the pledge.
Our party members from the South are now asking the following questions patently:
“Have we thrown our integrity to the dogs?
“How will Southern PDP leaders convince their electorate to vote for our candidate when there is no substantial National position in the Southwest?
“How can we go into the election season with this type of division and expect to win the February 25 presidential election?
“Unless we are united, unless we have fairness, equity and justice in our system, the party and the country are heading nowhere.
“I am not a soothsayer, but I have traversed the length and breadth of our country and have learnt so much politically. What I have predicted above will come to pass unless reason prevails and we apply the brake immediately.
“It was the same myopic and unpatriotic reasoning that led to the collapse of the First and Second Republics.
“My intervention is about the future of this country because what is good for the goose is good for the gander.”
The PDP chieftain wondered if the North would remain calm if the positions in question were filled by only Southerners.
The Punch
Headlines
Trump Signs Spending Bill to End Longest Government Shutdown
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.
Headlines
FG Halts Planned 15% Import Duty on Diesel, Petrol
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.
Headlines
Senate Approves Tinubu’s N1.15tr Domestic Loan Request to Fund 2025 Budget Deficit
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.






