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It’s Time To Stop Financial Indiscipline—Peter Obi Rebukes FG

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It’s Time To Stop Financial Indiscipline—Peter Obi Rebukes FG

Former presidential candidate of the Labour Party (LP), Peter Obi, has voiced strong criticism against what he terms as the financial indiscipline of the Nigerian government. Obi highlighted his concerns in a post on his X handle on Monday, drawing attention to the government’s questionable budget allocations amid critical educational deficits……..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

 

Obi pointed out the alarming statistics of Nigeria’s education sector: secondary school enrollment stands at 28%, starkly lower than the global average of 80%. Similarly, Nigeria’s tertiary school enrollment is less than 15%, compared to the global average of 55%. Despite these figures, the government has allocated significant funds for less critical areas. Specifically, Obi noted that N6 billion has been budgeted for the National Assembly car parks and N4 billion for recreational facilities, whereas only N1 billion has been approved for the construction of hostels in 12 tertiary institutions.

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In his post, Obi stated, “As the giant of Africa that we are, I remain concerned about our fiscal indiscipline as a nation. Imagine the situation in our education sector, where the global average of secondary school enrollment is above 80 per cent, while in Nigeria it is 28 per cent. The global average of tertiary school enrollment is above 55 per cent, while Nigeria is less than 15 per cent. Yet our budget for the National Assembly car parks is N6 billion. The budget for the National Assembly recreational facilities is N4 billion. Approved for the construction of hostels in 12 tertiary institutions is just N1 billion.”

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He emphasized the urgent need to stop financial indiscipline and to reallocate resources to critical areas that will foster human and national development. This call to action underscores the importance of prioritizing education and other vital sectors over less essential expenditures, aiming to improve Nigeria’s socio-economic standing.

Obi’s rebuke comes at a time when the nation grapples with various challenges, and his plea for financial discipline resonates with the need for a more prudent and impactful allocation of the country’s resources.

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“I Was Misled!” – Nafiu Bala Claims He Was Deceived Into ADC Handover Event.

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A new dimension has been added to the leadership crisis within the African Democratic Congress (ADC), as factional figure Nafiu Bala has accused former party national chairman Ralph Nwosu of allegedly deceiving him into attending a major party gathering.....KINDLY READ THE FULL STORY HERE▶

Speaking in an interview on AIT on Monday, Bala said he was invited under the impression that the meeting was a routine event meant to welcome new entrants into the party. However, he claimed he later discovered that the gathering was actually organised to unveil a new leadership structure reportedly headed by David Mark.

He explained that the true nature of the event only became clear after proceedings had already commenced, adding that it coincided with the resignation of Nwosu and the announcement of a new set of party executives.

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According to Bala, the development represented a significant turning point in the internal crisis within the ADC, noting that the emergence of a leadership bloc associated with David Mark and other figures deepened existing divisions in the party.

Bala alleged that he was initially told the event was a simple adoption of new members, but later realized it was a formal handover involving the new coalition leadership. He also said that on the same day, Nwosu announced his resignation while unveiling new party officials, including names such as David Mark and Rauf Aregbesola.

He added that the situation further escalated tensions within the party, as different factions continued to contest control of the ADC structure.

Following the event, Bala said he moved to address the developments through internal party channels, including convening consultations and a National Executive Council meeting about a week later.

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He further stated that after the consultations, he notified the Independent National Electoral Commission (INEC) of his position as deputy national chairman and declared himself acting national chairman of the party.

Bala also alleged that the crisis worsened after he discovered what he described as irregularities, including claims that his signature was forged on documents linked to the resignation of some party officials. He said the disputed documents were used to facilitate the emergence of a new leadership team.

He concluded by saying he had taken legal steps against the faction aligned with David Mark and also made his position public through media channels.

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Shock Defection: Senator Abbo Dumps ADC In Sudden Political Move.

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Former federal lawmaker, Ishaku Abbo, has officially left the African Democratic Congress (ADC) and is expected to announce his new political platform later this week.....KINDLY READ THE FULL STORY HERE▶

Abbo announced his departure on Monday morning, attributing the decision to the ongoing internal crisis within the ADC in Adamawa State. His exit comes just 48 hours after another major faction within the party, aligned with Senator Aishatu Dahiru Ahmed, also known as Binani, withdrew from the party.

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Reports indicate that the ADC in Adamawa has been experiencing deep divisions, with a bloc loyal to Binani recently announcing a mass resignation following a stakeholders’ meeting held at the residence of Hon. Mijiyewa Umaru Kugama.

In a communiqué issued after the meeting, the group, drawn from all three senatorial districts in the state, accused the party leadership of weakening internal democracy and violating key principles guiding party operations.

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They further argued that recent congresses conducted within the party were flawed and no longer reflected the will of members, describing the current structure in Adamawa as unacceptable and lacking legitimacy.

The developments highlight escalating tensions within the ADC in the state, as more prominent members continue to exit amid leadership disputes.

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Certificate Controversy: Ex-Minister Nnaji Moves To Settle UNN Dispute Out Of Court.

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Former Minister of Innovation, Science and Technology, Uche Nnaji, has begun moves to resolve out of court a legal case he filed against the University of Nigeria, Nsukka and other respondents over allegations surrounding his academic records.....KINDLY READ THE FULL STORY HERE▶

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