Connect with us

News

Gov. Wike Indirectly Working for APC – Rivers state PDP PCC

Published

on

Spread the love

By Iyojo Ameh

The PDP presidential campaign council Thursday, alleged that RiverGov. Wike Indirectly Working for APC – Rivers state PDP PCC
s State Governor Nyesome Wike is working for the candidate of the All Progressives Congress (APC), Bola Tinubu, in the February 25th presidential election.

The PDP Presidential Campaign Council (PCC) made this known in their response to Wike’s revocation of the Adokie Amasiaemeka Stadium, Igwurita Ali, Ikwerre Local Government Area, for use by the presidential candidate of the PDP.

According to the office, the presidential campaign train is scheduled to hold a rally at the venue on February 11, 2023. However, the state government, in a statement on Wednesday Feb. 1, announced the withdrawal of the earlier approval given to the former Vice-President.
Director General of the PDP PCC in Rivers state, Dr Abiye Sekibo, said in a letter dated February 1, 2023, and addressed to the PDP Governor that he (Wike) is working for Tinubu to win the February 25 presidential election.

Sekibo, a former Minister of Transport, alleged that wike had already directed members of his cabinet, local government chairmen, his aides and party executives at the various levels in the state to support Tinubu in the election.
“Our attention has been drawn to your letter with reference number MOS/C/409/S49/T/17 dated January 31, 2023, and addressed to His Excellency, Aminu Waziri Tambuwal, Director General of the PDP Presidential Campaign Council who has minuted the said letter to us for our reaction.
“You stated that credible intelligence available to the Government of Rivers State and recent developments now shows that our presidential campaign organisation is working in collaboration and cohort with a faction of the APC in River State led by Tonye Patrick Cole and that it is the intention of our campaign organisation to accommodate and share the approved facility for our campaign with the said faction of the APC.
“We wish to state as follows in reply: We completely deny your assertion as patently false and perverse, and we believe that our highly respected security agencies cannot furnish you with such untrue and unfounded lies.
“That the PDP Presidential Campaign Council has nothing whatsoever to do with the APC in Rivers State”, Sekibo said in the letter.
The PDP PCC said it is appalling and highly preposterous for Wike or anyone to assume that it was working with the nation’s ruling party to hold an event in the same venue jointly.
“We believe that the only reason for this cancellation is Your Excellency’s notice of our massive mobilisation and total acceptance of Waziri Atiku Abubakar as the next President of the Federal Republic of Nigeria by the people of River States.
“However we are rather aware by credible information reaching us that Your Excellency has directed all Local Government Council Chairman, Special Advisers, Commissioners, Party Executives at the state, local government, and ward levels, and all other appointees of yours to work for the APC presidential candidate Asiwaju Bola Ahmed Tunibu even though you have not dared to announce same to the people of Rivers State.
“Your general public utterances, innuendos and conduct have pointed to the fact that you are bent on frustrating and if possible, preventing the emergence of the PDP Presidential candidate, His Excellency, Atiku Abubakar, GCON, Waziri Adamawa, as the next President of the Federal Republic of Nigeria.”
The PCC further criticized Governor Wike for his involvement in forming the five aggrieved PDP governors called the G5, describing their move as ‘the height of anti-party activity.’
The campaign council stressed that it was surprising that Wike is now accusing the PDP leadership of hobnobbing with the APC faction in his state.

See also  Abbas congratulates Tinubu, Shettima on inauguration ...expresses hope of better Nigeria under new leaders
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business and Economy

Nigerian Minister laments low investment in Infrastructure

Published

on

Spread the love

By Iyojo Ameh

Minister of Budget and National Planning, Senator Atiku Bagudu on Friday said the country has not invested enough in infrastructural development.

According to him, several problems been encountered recently by Nigerian are as direct results of under- investment in several multi- dimension infrastructure.

The minister spoke at the National Assembly during an interactive session with the Senate committee on Appropriation under the chairmanship of Senator Olamilekan Adeola.

The minister was invited to provide insight into the N6.2 trillion supplementary appropriation approval for the 2024 budget by the National Assembly as requested by President Bola Tinubu.

Bagudu commended President Tinubu for the political will yo confront the infrastructure deficit by seeking the N3.2 trillion to fund the projects which include the Lagos – Calabar coastal highway, the Sokoto – Badagry highway and the Trans- Sahara highway.

He commended the President for his confidence that the projects when completed will increase economic activities and shore up the nation’s revenue base.

He added that the projects will encourage massive transformation apart from strengthening economic realities.

The minister while trying to douse the agitation of members of the committee on the fate of other deplorable roads and uncompleted roads projects in their various constituents said the federal government has not abandoned any of the ongoing projects.

See also  Just in: APC NEC Elects Ganduje National Chairman, Basiru As Secretary.

Bagudu categorically stated that the government is not giving priority attention to the innovative projects at the expense of other road projects.

He assured that the Federal Executive Council will continue to consider and give financial approval to other roads as funds are available.

The minister though did not give a detailed statement of the supplementary approval, gave a sectoral overview of both the N3.2 trillion of the Renewed Hope Infrastructure Projects and the N3 trillion increase in the recurrent component of the budget.

Chairman of the Senate Appropriation Committee, Senator Adeola the government has full capacity to finance the 2024 budget.

He , however implore the minister to make available to the committee a full detail and breakdown of the N6.2 trillion approval as soon as possible.

Continue Reading

Business and Economy

Economy : CBN announces indices on growth and stability …As Senate interfaces with the CBN Gov

Published

on

Spread the love

By Iyojo Ameh

The Central Bank of Nigeria on Friday in Abuja , rolled out indices , signaling improved growth and stability of the Nation’s economy.

This is as the apex bank through its Governor , Olayemi Cardoso , assured Nigerians of better days ahead .

Rolling out the growth and economic stability indices during statutory engagement with the Senate Committee on Banking , Insurance and other Financial Institutions , the CBN Governor said : ” The
spread between official and BDC rates has narrowed significantly from N162.62 in January to N47.22 in June 2024, indicating successful price discovery, increased market efficiency, and reduced arbitrage opportunities.

“The stock of external reserves increased to US$36.89 billion as of July 16, 2024, compared with US$33.22 billion at end-December 2023, driven largely by receipts from crude oil related taxes and third-party receipts.

” In Q1 2024, we maintained a current account surplus and saw improvements in our trade balance.

“Our external reserves level as at end-June 2024 can finance over 11 months of import of goods and services, or 14 months of goods only. This is significantly higher than the prescribed international benchmark of 3.0 months, indicating a strong buffer against external shocks.

“The banking sector remains robust and diverse, comprising twenty-six commercial banks, six merchant banks, and four non-interest banks. Key indicators such as capital adequacy, liquidity, and non-performing loan ratios all showed impressive improvements, underscoring the sector’s growing stability and resilience.

See also  NCWS canvasses support for a referendum for Biafran nation in Nigeria, to avoid break down of law and order

“The equity market has shown impressive performance, with the All-Share Index rising by 33.81 per cent and market capitalization expanding by 38.33 per cent from December 2023 to June 2024, reflecting growing investors’ confidence.

“While we are encouraged by these positive trends, the CBN remains vigilant and committed to implementing policies that support sustainable growth in our financial markets, while maintaining overall economic stability”

He added by assuring the committee members , that required measures and strategies , have been mapped out to confront emerging challenges .

“To combat inflation, we have implemented a comprehensive set of monetary policy measures. These include raising the policy rate by 750 basis points to 26.25 percent, increasing Cash Reserve Ratios, normalizing Open Market Operations as our primary liquidity management tool, and adopting Inflation Targeting as our new monetary policy framework.

“In the area of banking supervision, the CBN has taken decisive actions to ensure the safety, soundness, and resilience of the banking industry.

” Key measures include intervention in three banks, revocation of Heritage Bank’s license, increasing minimum capital requirements, and enhancing AML/CFT supervision.

” We also introduced new frameworks for Cash Reserve Requirements and cybersecurity and prohibited the use of foreign currency collaterals for local currency loans.

See also  Democracy Day: Leader hails Tinubu for women's inclusion in gov't

“We are in the process of reviewing the Bank’s micro and macroprudential guidelines to reinforce the resilience of financial institutions in Nigeria to withstand tightened conditions, thus creating a secure and attractive investment climate.

“We have signaled our plans to re-capitalize deposit money banks in Nigeria to improve capital inadequacy and their capacity to grow the economy.

“Our ultimate goal is to create a more stable, resilient, and efficient financial system that can better serve the Nigerian economy, while adhering to international best practices”, he said .

Earlier in his opening remarks , the Chairman of the Committee, Senator Adetokunbo Abiru said the overall purpose of the interaction , ” is to update the commiittee on efforts, activities, objectives and plans of the Bank with respect to monetary policy”

Continue Reading

General News

I’m not a power manipulator —senator Bamidele

Published

on

Spread the love

The Senator leader senator Opeyemi Bamidele has dispelled the campaign of calumny against him in some social media not the Citypost and office of the Leader of the Senate,

Senator Michael Opeyemi Bamidele in a statement from his media directorate says some individuals, either misconstrued the statutory role of the Majority Leader in a democracy or willfully distorted established legislative rules that charged the Majority Leader with the duty of leading the business of the Parliament, including government bills.

The statement reads in parts:

“Senator Bamidele is never a power manipulator, enemy of the people and an obstacle to national peace, as some reactionaries or agents of regressive forces have been peddling in the social media. As a political actor who enjoys vast public trust, he will never or can never act against the core and strategic interests of Nigeria and Nigerians at any level”

“Under Rule 23, the Senate Standing Orders, 2023 (as amended) specifically provides for the Office of the Leader of the Senate, who shall be a Senator duly nominated from the political party with the highest number of seats in the Senate. This is the global best practice, which is not peculiar to the Federal Republic of Nigeria, but also to all democracies worldwide”

See also  NCWS canvasses support for a referendum for Biafran nation in Nigeria, to avoid break down of law and order

“The rule further establishes that the Leader of the Senate shall (a) lead all government bills; (b) lead the business of the Senate; (c) manage the legislative schedule of the Senate; (d) liaise with Committee Chairmen and other functionaries of the Senate and (e) perform such duties as the President may assign to him.

Consistent with the Senate Standing Orders, 2023 (as amended), therefore, Senator Bamidele is under obligation to lead all government bills, a role he has been playing creditably. By implication, he is responsible for sponsoring and promoting government bills originating from the Executive Arm or its ministries, departments and agencies”

“In this light, Senator Bamidele has been able to manage the floor debate on government bills successfully; build consensus across political divides; mobilise support for government bills within the Senate and lead negotiations to gain broader support. Since his assumption of office on July 4, 2023, Senator Bamidele has equally deployed strategies in navigating the complex legislative procedures to advance government bills and coordinated closely with the Executive Arm to ensure that government bills reflect the administration’s policies and priorities”

“Like other principal officers of the Senate, the role of the Leader of the Senate is provided for in the Senate Standing Orders, 2023 (as amended). In Nigeria, particularly, this role has been pivotal in advancing the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR through the National Assembly. And he has played the role well through a combination of strategic planning, negotiation and leadership skills”

Continue Reading

Trending

Copyright © 2021 Forthright Reporters } Powered by ObajeSoft Inc