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Urgent Call for Fiscal Responsibility: Nigeria Must Respect Its Economic Limits
Urgent Call for Fiscal Responsibility: Nigeria Must Respect Its Economic Limits....KINDLY READ THE FULL STORY HERE▶
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has underscored the critical need for Nigeria to adhere to its fiscal limits in order to effectively tackle its economic challenges. Speaking on the second day of the National Summit of Fiscal Responsibility Agencies held in Abuja, Oyedele pointed out that Nigeria’s fiscal crisis stems not only from global influences but also from local policy inconsistencies, mistakes, and specific issues such as insecurity and inadequate project management.
Prioritizing Fiscal Governance
In his remarks, Oyedele emphasized the importance of prioritizing fiscal governance, which encompasses the effective management of finances, spending, and borrowing. He highlighted the necessity of coordinating policies both within the Federal Government and across sub-national levels, focusing on respecting fiscal limits and thresholds.
“You should not write into law that you cannot take a draft from the Central Bank of Nigeria beyond five percent of your last year’s revenue, and then go ahead and take more than 100 percent,” he stated, emphasizing the need for accountability in fiscal practices.
Acknowledging Economic Realities
Oyedele urged Nigerians to accept the harsh economic realities, describing the country as having very limited resources coupled with a significant level of wastefulness. “We have to accept the context. We have a poor country with very limited resources, and on top of that, it is a very wasteful country,” he noted.
He stressed that mere prayers will not suffice for national development; rather, sound economic decisions are essential. “You can’t develop a country by prayer. You need to make economic decisions. We need to hold the government to account,” he asserted.
Addressing Budget Concerns
The chairman also raised concerns about Nigeria’s relatively small budget size, which is less than a quarter of South Africa’s budget, and the nation’s heavy reliance on borrowing. He advocated for coordinated policy efforts and the transformation of the tax system to alleviate the burden on the impoverished segments of society.
“We are designing the tax system to shift the burden in a way that the poor people and the most vulnerable, and the small businesses, won’t carry the burden of taxes in Nigeria,” he explained.
A Vision for Investment and Growth
Oyedele concluded by reiterating that no economy can thrive without substantial investments. He called for a collective effort to ensure that Nigeria becomes a conducive environment for people to thrive. “We need to hold the government to account. We need to make Nigeria a conducive environment for people to thrive,” he said.
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‘We Drank Garri With Muddy Water’ – Kidnapped NYSC Member Recounts Ordeal.
One of the prospective members of the National Youth Service Corps (NYSC) rescued from kidnappers in Imo State has recounted the horrifying conditions they endured in captivity, revealing that their abductors beat them and forced them to survive on dry garri and dirty water in a forest.....KINDLY READ THE FULL STORY HERE▶
Speaking in an interview with the BBC, the victim disclosed that the kidnappers monitored conversations between captives and their families, assaulting them whenever they were displeased with anything said during the calls.
She was among 20 prospective corps members and another passenger abducted on October 1, 2026, while travelling from Ibadan, Oyo State, to orientation camps in Abia and Akwa Ibom states.
According to her account, the kidnappers allowed the victims to contact their relatives using a phone but subjected them to physical punishment if their conversations provoked the abductors.
She said, “We are given a phone to call our family, and if any family say anything they don’t want to hear or any rubbish that would make them angry, we will be beaten.
“That person will be beaten, used the gun, wood. Sometimes they use their hands to punch them, mostly the guys.”
Recounting the circumstances surrounding the abduction, the victim explained that their journey began at about 9 a.m., with the vehicle making several stops along the way.
She said the driver eventually stopped after reaching a stretch of road considered dangerous, and the passengers were advised to rest before continuing their journey.
The prospective corps member added that she had informed her family they would spend the night in a public place before going to sleep.
However, she said she woke up to find herself caught up in the abduction and could not understand how she had been taken to the forest where they were initially held.
“When I woke up, that was when the incident happened. I don’t know how we got to the forest where we were kept for some time,” she recounted.
The victim said the abductors later moved them further into the forest, where access to food and clean drinking water was severely limited.
Describing their living conditions, she revealed that the captives survived mainly on dry garri and muddy water, despite the poor quality of the water.
“What we are eating there is just garri. Like Igbo garri, dry garri with mud water. Very dirty water. I can’t even give my enemy that water. We don’t have a choice, we have to take it for survival,” she said.
She also described the emotional distress she experienced during captivity, explaining that the situation left her confused, frightened and unable to process what was happening.
“I can’t explain how I felt. I can’t even cry, I was just looking, I was lost. I don’t know what to do,” she said.
“It felt like it was a movie. I don’t believe that this is happening to me.”
The victim further disclosed that she feared she might not survive the ordeal before security operatives intervened.
She expressed gratitude to the government and security personnel, particularly operatives of the Department of State Services (DSS), whom she credited with helping to secure their release.
“The government, the DSS staff, we were rescued by them,” she stated.
The prospective corps members were abducted on October 1 when gunmen reportedly attacked two buses along the Owerri-Onitsha Road near Umunoha in Imo State.
They regained their freedom on October 7 following a coordinated security operation and were subsequently taken to a DSS medical facility in Owerri for treatment.
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‘I’m The Commander Of Field Operations’ – Wike Sends Strong Message Ahead Of 2027 Election
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has declared himself the commander of field operations for President Bola Tinubu’s re-election campaign in Abuja ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
reports that Wike made the declaration on Monday during a stakeholders’ meeting of the Rainbow Coalition in Abuja.
The meeting was attended by stakeholders from the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), including party chairmen, serving and former senators, National Assembly candidates, and political leaders from the FCT’s six area councils.
Speaking at the gathering, Wike announced plans for a joint mobilisation effort involving APC and PDP members to secure victory for Tinubu in the presidential election and support candidates of the ruling party contesting National Assembly seats in the FCT.
The minister urged participants to prioritise the coalition’s shared political objective over their individual party affiliations.
Wike said the stakeholders had reached a consensus on supporting Tinubu’s re-election bid, adding that he would coordinate political activities in both the FCT and Rivers State.
“For the presidency, all of us have agreed that it is Bola Ahmed Tinubu. I am going to coordinate the FCT and Rivers State. So you can imagine how important it is,” he said.
Emphasising his role in the FCT campaign, Wike added, “I am in charge of the FCT election. I am the commander of field operations as far as the FCT election is concerned.”
He further called on members of both parties to work together, insisting that political differences should not undermine their collective objective ahead of the polls.
“I want to let all of you know that we are going to work together. Nobody should say, ‘I am PDP’ or ‘I am APC.’ For the purpose of this election, we are together,” the minister stated.
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2027 Election: Pantami Reacts As INEC Removes His Name From Final Governorship List.
Former Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, has appealed to his supporters to remain calm following the omission of his name from the Independent National Electoral Commission’s (INEC) final list of candidates for the 2027 Gombe State governorship election.....KINDLY READ THE FULL STORY HERE▶
Pantami, who defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP) in May, was absent from the list published by INEC on Saturday.
In a statement shared on his social media platforms, the former minister’s camp described the development as a temporary electoral setback, assuring supporters that efforts were being made to resolve the issue.
The statement, signed by Professor Suleiman Mohammed Gombe, acknowledged the concerns raised by PDP members and supporters of the Pantamiyya Movement both within and outside Gombe State.
According to the statement, Pantami’s legal and liaison teams are engaging relevant PDP organs and INEC to secure compliance with a court order and address the omission within the period allowed by law.
The camp urged supporters to remain optimistic, stressing that the publication of the final list did not bring the matter to a conclusion.
“We are aware of the people working behind the scenes to frustrate good and responsible leadership in Gombe State,” the statement said.
Expressing confidence that the issue would be resolved, the camp encouraged supporters to sustain their mobilisation efforts and remain committed to the movement’s goal of serving humanity.
It also reaffirmed the unity between the PDP and the Pantamiyya Movement, stating that both remained committed to advancing the political aspirations of their supporters in Gombe State.
“No distraction will derail our course, in sha Allah,” the statement added.
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