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Yari Asks Governors to Get Ready for Recession, Draws Criticism

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The Chairman of the Nigeria Governors’ Forum, Abdulaziz Yari, has told the newly-elected governors to prepare for another cycle of possible economic recession by mid-2020.

The recession, according to Yari, who is also the Zamfara State governor, may not end until the third quarter of 2021.

Yari spoke in Abuja on Monday at the induction of new and returning governors which was organised by the NGF.

But the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry disagreed with Yari on the looming recession that he predicted.

They questioned the basis on which Yari based his prediction that the country might go into another cycle of recession from 2020 to mid-2021 on.

However, Yari told the new governors that their tenure might not be a smooth ride due to paucity of funds to execute projects and also pay salaries in their respective states.

He said, “As some of us are exiting as helmsmen of our various states, let me quickly remind the new and returning governors that it may not totally be a smooth ride.

“On our part, we made a lot of achievements in infrastructural development and provision of social services because we enjoyed a relatively high oil price of about $100 to $114 dollar per barrel between 2011 and the middle of 2014.

“However, by mid-2014, the price of crude oil, which is sadly the main driving force of government’s expenditure, dropped to $75 per barrel. It, therefore, became very difficult for many states to even pay salaries of their workers.

“This scenario is a wake-up call for all of you to come amply prepared to face this kind of challenge especially since we are expecting the possibility of another cycle of recession by mid-2020 and which may last up to third quarter of 2021.

“Your good spirit of stewardship will make you contain the situation should there be one.”

Yari, who has won election as a senator-elect, said as members of the National Economic Council, the new governors must work hand in hand to boost the economy in tandem with the global best practices.

He regretted that he and his colleagues had faced the challenge or managing state economies that he said “totally dependent on accruals from the Federation Account” rather than exploring what he called viable alternatives to run the economy.

He said for most of the states, Internally Generated Revenue was nothing to write home about.

“You must, therefore, look inward by boosting your revenue generation base and also utilise them effectively for the execution of projects that would touch the lives of your people,” he told the newly-elected governors.

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Adeleke Wins As Court Strikes Out Ineligibility Suit

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Justice Obiora Egwuatu of a Federal High Court in Abuja on Thursday struck out a suit seeking nullification of submission of name of Ademola Jackson Nurudeen Adeleke as the governorship candidate of the People’s Democratic Party in the recent July 16 election.

The judge struck down the suit on the ground that the plaintiff lacked locus standi to institute the case.

The plaintiff in the suit, Awoyemi Oluwatayo Lukman had dragged the Independent National Electoral Commission, PDP and Adeleke before the court seeking order to void and set aside the submission of Adeleke’s name to INEC on ground of alleged unlawful action.

The grouse of the plaintiff was that Adeleke’s name was hurriedly submitted by PDP on March 11 as against between March 14 to 18 as contained in the INEC guidelines.

Adeleke’s name having not been submitted within the period fixed by INEC, the plaintiff asked the court to declare the submission, illegal, unlawful, null and void and be set aside.

He claimed that INEC must be bound by its official guidelines and that anything done outside the guidelines is against the provisions of the Electoral Act 2022.

However, in his judgment, Justice Obiora Egwuatu struck out the suit on the ground that the said Awoyemi Oluwatayo Lukman lacked locus standi to have instituted the case.

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Falconets Beat Canada 3-1, Set to Meet Holland in Quarter Final

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Nigeria’s U-20 girls, Falconets, set a World Cup group stage perfect record for themselves after beating Canada 3-1 in Alajuela on Thursday morning to finish with a perfect nine points out of nine in Group C.

Head Coach, Chris Musa, said before the encounter that his girls would seek to win even as a quarter-final ticket was already in the bag, in order to sustain their winning mentality following hard-fought victories over France and Korea Republic.

That was exactly what the Falconets did.
Africa’s best team conceded their first goal of the competition in an accidental manner, following goalkeeper Omini Oyono’s poor management of a backpass from Jumoke Alani that granted Kala Novak a fortuitous goal in less than two minutes.

“It was great for us to come back from that setback, and also conceding first in the tournament. We showed character and spirit, and that would be huge for us going forward in the competition,” Musa said after the match.

Midfield impresario Esther Onyenezide, whose vicious curling shot earned all three points against Korea Republic to send the Falconets into the last eight on Monday morning, scored from the penalty spot in the 24th minute to pull the Falconets level. Defender Mia Pante had handled the ball from a Blessing Okpe shot in the box.

The Falconets looked composed and surefooted in the middle with the return of Deborah Abiodun, who sat out the encounter with the Koreans, and Chiamaka Okwuchukwu also played an inspired game after starting for the first time in the tournament. Her firm header from a Blessing Okpe cross in the 15th minute missed narrowly.

Onyenezide shot Nigeria ahead, also from the spot, in the 32nd minute minute, after Simi Awujo’s dangerous play against Mercy Idoko, as the latter went for a header from Rofiat Imuran’s inswinger, was penalised.

In the added time of first period, Idoko came close to scoring her first goal of the tournament, but her touch from another Imuran inswinger kissed the upright.

In the second half, the Falconets added pace and brilliant use of space to their game, and it was no surprise when Imuran, again with a visionary cross, set up substitute Chioma Olise for Nigeria’s third goal.

Their imperial campaign in the group stage earns the Falconets a quarter-final date with the Netherlands in Alajuela as from 1am on Monday (Nigeria time).

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Supporters Throng Obasanjo’s Residence As Tinubu Visits Former President

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Scores of supporters of the All Progressives Congress in Ogun State, Wednesday, stormed the residence of former President, Olusegun Obasanjo, in Abeokuta as the presidential candidate of the APC, Bola Tinubu visited the former President.

Tinubu arrived at the Penthouse of the Olusegun Obasanjo Presidential Library, Oke- Mosan, Abeokuta, the Ogun State capital, in his chopper at about 1:09pm in company of some party leaders.

He was received by Governor Dapo Abiodun, former Governor Gbenga Daniel, his predecessor, Segun Osoba, and other Ogun State government functionaries.

They have all gone into a meeting with the president.

The meeting was believed to be in connection with ambition of Tinubu in the coming elections.

Our correspondent reports that the duo had not been seen together since 2015 when he escorted the then APC candidate, the President, Major General Muhammadu Buhari (retd.), to Obasanjo’s residence.

He was also at the 78th birthday of the former President held at Abeokuta in March, 2015.

The two of them have since kept their distances as Obasanjo withdrew his support for Buhari and the APC, which he supported to power by tearing his card as a member of the Peoples Democratic Party.

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