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.
APC Chairman Confirms Party’s February 26 National Convention Date
Buni made the announcement on Tuesday at the National Progressive Women’s Conference in Abuja.
The chairman, who doubles as Yobe State governor said the women in the APC played a key role in the success of the party’s recent membership drive.
He said: “The party under my stewardship conducted membership registration and revalidation exercise. We found it expedient to constitute a special committee on women and youth before the commencement of the exercise. The roles you played made the membership registration and revalidation a huge success.
“Today, APC parades over 41 million registered members, asserting our position as Africa’s largest political party and of course, Nigeria’s leading political party. With these, we are confident of winning the 2023 general election with huge success.
“I want to use this opportunity to sincerely thank you for your support to the party, before during and after the exercise. I also look forward to your more support during the convention and indeed the general election.
“I’m proud to add that APC is the most women-friendly party in Nigeria. Let me also assure you that the party shall reciprocate this gesture by supporting women and youth in their political aspirations and realising their political dreams.
“We look forward to having more women contesting in the forthcoming national convention of the party from February 26, 2022, and the general election. Now as we approach the convention and move closer to the next general election, I wish to remind you of the progressive roles in supporting progressive-minded leaders, aspiring for various offices for the betterment of our country.”
Also speaking, Kayode Fayemi, Ekiti state governor, called for the support of the female members of the party ahead of the convention.
“Without our women, we have no future. We have no present or past. We have a duty and responsibility to improve on solidarity that we give the women of our country,” the governor said.
“We are not doing them a favour. If you have worked with women, they deliver. My women commissioners are the best commissioners.
“I have no doubt that this conference will give us a lot to chew on. We should make it a policy convention.”
I Won’t Support Tinubu’s Presidential Ambition – Ojudu
The Special Adviser to the President on Political Matters, Babafemi Ojudu, says he will not support the presidential ambition of All Progressives Congress leader, Bola Tinubu.
Ojudu further stated that contrary to reports, Tinubu did not make him successful as he was already an accomplished publisher before meeting the former Lagos State governor.
The former lawmaker said this in a statement titled, ‘Principled Political Choices are not Betrayal’.
Ojudu, who is leading the campaign for Vice-President Yemi Osinbajo to be the next President, said he would continue to follow his conscience.
He said, “The idea that everyone who has related with Tinubu and disagrees with him on this Presidential bid is a traitor and a betrayer is puerile. Many of us, his associates, were not made by him as you also want the world to believe.
“We were already made before meeting him and in the course of relating we gave one another a helping hand. As far back as 1992 when I came to know him I was already one of the editors of a popular news magazine with a good standing too in the civil society.”
Ojudu, who represented Ekiti Central Senatorial District between 2011 and 2015, said he could not in good conscience support Tinubu for the Presidency.
He stated that he would not be intimidated by those describing him as a traitor.
“On this matter of 2023 I wish him well but I cannot in good conscience give him my support or cast my vote for him in the coming primary. It is my right. I am above 60 years of age for God sake. I almost died seeking these inalienable democratic rights, held up in detention and severally tortured. Your god is not my god.
“Let no one think he can browbeat or blackmail me to do what does not go with my conscience or my ideals. Enough of your phone threats and embarrassment of my family members!” said Ojudu.
The Presidential aide recalled how he resigned after disobeying an order by his then employer, Chief MKO Abiola, to apologise to then Head of State, Gen. Ibrahim Babangida, for writing a story critical of his regime.
Ojudu revealed how human rights lawyer, Chief Gani Fawehinmi (SAN), also forced him to refund the money he invested in his newspaper after Ojudu decided to join Tinubu’s clique.
He said he also defied his father’s wishes by joining Chief Obafemi Awolowo’s Unity Party of Nigeria when his father was a member of the National Party of Nigeria in the Second Republic.
The veteran journalist said the story of his life has been about conviction and he would continue to follow his conscience as regards political decisions.
“At the conclusion of that struggle, Chief Fawehinmi insisted we sit out politics. Senator Bola Ahmed Tinubu disagreed with this notion, and I did as well. Against an obvious choice to blind loyalty, I went along with Senator Tinubu even serving severally in critical roles as he assumed the Governorship position. My actions angered Chief Gani so much he asked that I repay his investments. Guess what? I gladly did.”
“So if my principled stance against NPN, against IBB and against ‘siddon look’ was not betrayal of my father, Chief MKO Abiola and Chief Gani Fawehinmi respectively, why would my principled stance against our leader’s present ambition be?” he asked.
Court Orders DSS to Allow Nnamdi Kanu Change of Cloth, Adjoins Case to Wednesday
A Federal High Court sitting in Abuja, on Tuesday, adjourned further proceedings in the case against the detained leader of the Indigenous People of Biafra, Nnamdi Kanu, till Wednesday.
The adjournment followed Kanu’s complaints that the Federal Government failed to promptly serve him the fresh 15 amended charges it brought before the court.
Kanu, through his team of lawyers led by a Senior Advocate of Nigeria, Chief Mike Ozekhome, further accused the FG of denying him the necessary facility to defend the charge against him.
Ozekhome told the court that the amended charges were served on them barely 24 hours to the scheduled hearing.
“My Lord, the proposed amended charges were served on us yesterday (Monday) evening. As I speak to you, my lord, the defendant, who was just brought in, has not even seen the charges which he is being told to enter his plea.
“With due respect, that is not justice. It is ambushing. I know that the Administration of Criminal Justice Act allows the Federal Government to amend, but this is the sixth amendment they are making, and each time they do it, they serve us a day to the hearing, just to frustrate the trial,” Ozekhome added.