News
PDP Chides Buhari For Claiming NASS Achievements …Says APC Govt Full Of Lies …Tasks Fayemi To Account For N165bn Allocation

The Peoples Democratic Party (PDP) has lambasted the Presidency for appropriating the achievements of the National Assembly and listing them as those of President Muhammadu Buhari.
The main opposition party said the recent attempt by the Presidency to “ascribe credit to Buhari for the recent amendments to the constitution granting financial autonomy to state assemblies and judiciaries” was despicable.
The party stressed that neither the “Presidency nor the President himself, made any input in support of these amendments.”
A statement by PDP’s spokesperson, Kola Ologbondiyan alleged that the Buhari government was full of lies.
The statement reads, “Equally appalling is that the Presidency is still listing the passage of the “Not Too Young to Run” law as an achievement of the President even when he had no input whatsoever in the initiative.
“It is instructive to note that none of the amendments stem from any executive bill and that the Buhari Presidency has never initiated any programme to enhance the course of governance in our country in the last three years.
“Nigerians already know that the Buhari administration has not implemented a single project or programme in any part of the country in the last three years of governance, but always resorting to lies, blame passing, beguilments, deception and contrivance.
“Instead of seeking ways to mitigate the situation, Mr. President’s handlers are subjecting him to more public ridicule of commissioning projects executed by other leaders such as his embarrassing commissioning of a regular bus stop constructed by Lagos state and a water borehole in Jigawa while posturing for photo-ops to hoodwink Nigerians.
“In fact, this clear attempt by the Presidency to claim credit for the achievement of the National Assembly has further confirms PDP’s earlier alert to Nigerians of plans by the Presidency to dish out fictitious achievements and false performance indices to deceive Nigerians ahead of 2019 general election.”
PDP, however, commended the National Assembly and State Houses of Assembly for their resilience in “enhancing our democratic practice as consolidated by successive PDP administrations, despite the unrelenting assault on the institution of the legislature by the Buhari administration.”
The main opposition party said the presidency and “dysfunctional” All Progressives Congress (APC) should “end their proclivity for deception as such gimmicks cannot save them in 2019”.
Meanwhile, the Ekiti State chapter of the Peoples Democratic Party (PDP) Chairman, Barrister Gboyega Oguntuase has asked the All Progressives Congress (APC) candidate in the governorship poll, Dr Kayode Fayemi, to explain how he spent statutory allocations and other funds that accrued to his government between 2010 and 2014.
Oguntuase said documents from the Office of the Accountant General of the Federation, the National Bureau of Statistics, among others, show that Fayemi collected a total of N165billion as allocations, excluding regular funds from Excess Crude Account, grants, internally-generated revenues, among others, but Fayemi still took N25billion bond and N35billion commercial loans with nothing to show for the funds.
The PDP chairman, in a statement in Ado-Ekiti, yesterday, also said that the Ayodele Fayose-led administration had done creditably well despite the lean resources at its disposal.
“In 2011, Fayemi got N40.5billion as monthly statutory allocations. In 2012, he got N39.8billion. In 2013, he got N44.3billion and in 2014, he got N40.1billion. Whereas, the Fayose administration got N28.2billion in 2015, N18.8billion in 2016, and N25.6billion in 2017.
“Apart from the above monthly allocations, Fayemi still got regular funds from the Excess Crude Oil Account, IGR, among others. Despite what Fayemi got, he still borrowed N25billion from the Capital Market and took N31billion commercial loans. The question is, what did he do with the money? Nothing.
“The N25billion bond and commercial loans, through which he mortgaged the finances of our dear state for 20 years, were spent on nothing. He proposed an event centre, it was never completed. He said he would build a new Governor’s Office, he only scraped a parcel of land near the House of Assembly Complex and did nothing. His new Ojaba Market, for which he erected a billboard at the entrance of the palace of Ewi, never saw the light of the day.
“His flyover only existed in his tummy. He half-completed a state pavilion and squandered the state’s resources on frivolities. If he stopped at that it would have been better, but he went ahead to divert state funds”.
An example is the N850million given the state by the Universal Basic Education Commission (UBEC), Abuja which he diverted leading to the suspension of Ekiti State from the commission’s funding for years,” he said.
Oguntuase said in contrast to Fayemi’s waste of resources, the Fayose administration, in which Olusola is the deputy governor, had been prudent.
“The table of funds received by Fayemi and Fayose given above are public documents available in the offices of the NBS, OAGF and even on their websites. People can go there and access. Moreover, people can see what the Fayose administration has done with the meagre resources at its disposal.”
A new Governor’s Office, new High Court Complex, Adunni Olayinka Women Development Centre, a flyover have been built. A new Ojaba Market is almost completed. Roads in Emure, Ise, Efon, Ijero, Omuo, Afao, Ilawe, Ikere, Ikole etc have been dualised. Car Wash- Afao Road built, same for Dehead-Police Headquarters Road, among others.
“The teachers Fayemi planned to sack through a vindictive test have been motivated and our state now ranks first in public examinations in the federation. This is the good trend that Prof Kolapo Olusola will continue with when elected governor. Fayemi and the APC have nothing good to offer the people of the state,” he added.
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
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Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
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