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Shocking Revelation: Moghalu Accuses Nigeria’s Economy Of Being At ‘Wealth Machine’ For The Few

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Shocking Revelation: Moghalu Accuses Nigeria’s Economy Of Being At ‘Wealth Machine’ For The FewProfessor Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria (CBN), has criticized Nigeria’s economy for favoring only the wealthy while neglecting the poor. Moghalu’s comments highlight concerns over the recent dispute between Aliko Dangote, President of the Dangote Group, and the Nigerian National Petroleum Company Limited (NNPCL) regarding the Dangote Refinery. He argues that this situation underscores the government’s failure to create an economy that benefits all citizens.....KINDLY READ THE FULL STORY HERE▶

In a statement on his X handle, Moghalu expressed dismay at the pervasive influence of vested interests and corrupt ties between government officials and businesses, which he believes have led to economic failures. He stated, “The NNPCL and Aliko Dangote saga is a stark example of how successive Nigerian governments have failed to develop an economy that generates wealth for its people. Our economy seems designed to enrich a select few while the majority of Nigerians continue to suffer.”

Moghalu criticized the lack of effective economic policies that could support smaller businesses and foster a thriving economy akin to that of South Korea. He also condemned the government’s inability to create a fair and competitive business environment, which he believes stifles wealth creation and perpetuates corruption and incompetence.

The President of the Institute for Governance and Economic Transformation, Africa, warned that the ongoing issues surrounding the Dangote Refinery could deter foreign investors, further portraying Nigeria as a risky business environment. He called for more selfless and capable leaders to drive genuine economic progress, warning that without such leadership, the country’s economic prospects remain bleak.

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Breaking: INEC Confirms Soludo As Anambra State Governor Following Heated Election

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The Independent National Electoral Commission (INEC) has officially declared Governor Chukwuma Soludo the winner of the November 8 governorship election in Anambra State.....KINDLY READ THE FULL STORY HERE▶

According to INEC, Soludo, representing the All Progressives Grand Alliance (APGA), secured 422,664 votes, defeating his closest contender, Prince Nicholas Ukachukwu of the All Progressives Congress (APC), who garnered 99,445 votes. Paul Chukwuma of the Young People’s Party (YPP) came third with 37,753 votes, while Labour Party candidate Dr. George Moghalu trailed with 10,576 votes.

Prof. Edoba Omoregie, State Returning Officer and Vice Chancellor of the University of Benin, announced the results on Sunday morning, stating that Soludo emerged victorious after obtaining the highest number of valid votes.

“I certify that I am the Returning Officer for the Anambra State governorship election held on November 8, 2025. The election was keenly contested, and a winner has emerged as the candidate with the highest number of votes. Therefore, I declare Chukwuma Soludo of APGA duly elected as Governor of Anambra State,” Prof. Omoregie said.

The election recorded a total of 2,802,790 registered voters, with 598,229 accredited voters. A total of 595,298 votes were cast, including 11,244 rejected votes.

Overall Results at a Glance:

  • APGA – 422,664

  • APC – 99,445

  • YPP – 37,753

  • LP – 10,576

  • PDP – 1,401

  • ADC – 8,208

  • AAC – 292

  • Others – Various

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Soludo Clinches Landslide Victory In Anambra Governorship Election

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According to Nivo News, Professor Chukwuma Charles Soludo of the All Progressives Grand Alliance (APGA) has been officially declared the winner of the Anambra State governorship election. The incumbent governor triumphed over 15 other candidates, securing a decisive victory across all 21 local government areas of the state.....KINDLY READ THE FULL STORY HERE▶

Soludo maintained a commanding lead throughout the election, surpassing his closest rival, Nicholas Ukachukwu of the All Progressives Congress (APC), by a wide margin. The election, conducted in 5,720 polling units, reinforced APGA’s dominance in the state as Soludo performed strongly in both rural and urban centers, sweeping major party strongholds.

Soludo amassed a total of 422,664 votes, while Ukachukwu garnered 99,445 votes. The results from key local government areas highlighted the scale of Soludo’s victory, including Dunukofia (APGA 14,892; APC 3,284), Awka North (APGA 15,895; APC 3,661), and Anambra West (APGA 71,365; APC 16,595). Other parties, including the Labour Party (LP), People’s Democratic Party (PDP), Young Progressives Party (YPP), and African Democratic Congress (ADC), trailed significantly.

The election outcome cements Soludo’s position for another term in office, reflecting widespread voter support across Anambra State.


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Prince Sanusi Vows Full Rehabilitation Of FESTAC Roads, Boosts Local Employment

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Prince Lanre Sanusi, Chairman of Amuwo Odofin Local Government, has unveiled plans to establish a library, skill acquisition centre, and elders’ recreation facilities in the town. Land for the projects has already been secured along Sixth Avenue, marking the first initiative of its kind since the local government’s inception 48 years ago.....KINDLY READ THE FULL STORY HERE▶

During a quarterly meeting with the Residents Association of Festac Town, Prince Sanusi confirmed that he has gained the support of the Lagos State government to undertake a comprehensive reconstruction of Second and Seventh Avenue roads. Meanwhile, the Federal Roads Maintenance Agency (FERMA) will handle the rehabilitation of First and Fourth Avenue roads to ensure durable results.

The chairman further stated that ongoing temporary repairs on inner roads would soon be replaced with full-scale rehabilitation. Residents were encouraged to submit four project proposals from each of the five communities for budget consideration and implementation.

Prince Sanusi, who has received recognition from residents, particularly transporters, for revitalizing the town, urged patience as tangible improvements continue to unfold. Streets are now being swept daily, refuse cleared, and additional environmental sanitation staff have been employed alongside the rehabilitation of the council’s refuse collection vehicle.

He also called on youths to take advantage of the current employment opportunities as a stepping stone toward broader prospects, emphasizing that his mission is to restore the dignity of Amuwo Odofin. Stressing his commitment to serving the people rather than any political party, Prince Sanusi encouraged residents to offer genuine advice and requests directly to his office.

The meeting was sponsored by Community Two.


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