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N25trn debt: Atiku ignorant on economics, governance – BMO



The Buhari Media Organization (BMO) described the presidential candidate of the People Democratic Party (PDP) in the last election, Atiku Abubakar, as lacking basic knowledge of economics and governance.

The group reacted to a recent assertion by Atiku that President Muhammadu Buhari between 2015 and 2019 doubled Nigeria’s debt profile from N12 trillion to N24.9 trillion.

“Nigeria’s debt has more than doubled, from N12 trillion in 2015 to N24.9 trillion in 2019, however, we became the global headquarters of extreme poverty. “Irresponsible lending results in an unprecedented penalty,” Atiku said in a recent statement.

But in its response, the BMO said that Atiku’s comment on the country’s debt profile is a clear example of a person venturing into an issue beyond his level of payment.

This was announced in a statement signed by its president, Niyi Akinsiju, and the secretary, Cassidy Madueke, and made available to journalists in Abuja on Sunday.

BMO said it is obvious from the way Atiku jumped at a statement “Nigeria’s total public debt portfolio as of March 31, 2019”, published by the Office of Debt Management (DMO) of that Atiku only wanted political gains without completely digesting the document.

He regretted that Atiku, despite being a former vice president, allegedly lacked a basic understanding of economics and governance.

“We have seen the former vice president’s last position on the nation’s debt profile and how he tried to trivialize it to generate sentiment, but we are surprised that he does not know that a nation’s debt portfolio can not be discussed in isolation from Gross Domestic Product (GDP), especially in terms of national income and assets.

“People who understand basic economics would tell you that with 19% of GDP, loans from Nigeria are quite low compared to countries like South Africa, Brazil, Ghana and Angola, but Atiku Abubakar is opting to play in the gallery with the analysis of the beer tavern in flowery language.

“It is even far from the debt-to-GDP benchmark of 25 percent set by the Nigerian authorities.

“Another thing that the former vice president showed little understanding is the difference between the public debt and that of the federal government.

“The debt balance document indicated that the federal government owes N13.1 trillion at the national level, while the states and the FCT must N3.97 trillion, but this does not mean anything for an element of the opposition that should cling to any drop to be in the first pages “. Of the media.

“And just as the DMO said, and as the government has affirmed through Vice President Yemi Osinbajo even earlier, the debt balance has increased, but unlike what the PDP presidential candidate has yet to face with his Electoral loss wants Nigerians to believe, it has nothing to do with wasteful spending.

“A large part of the debt is linked to projects and Nigerians could easily see the impact of Sukuk bonds on the hundreds of kilometers of roads under construction or that are being rehabilitated. This is apart from the railway project at national level that is destined to affect all the states of the federation before the end of the second term of the President, “reads part of the BMO statement.

The group also said it found it ridiculous for Atiku to suggest that the Buhari administration used part of the debts in the Trader Moni scheme to pay salaries.

BMO said: “We know for sure that Nigeria has overcome the era in which it had to borrow to pay wages, as confirmed by former Finance Minister Ngozi Okonjo-Iweala in 2014. That was a period when the country was earning as much As a result of higher crude oil prices, an external debt of $ 63 billion (approximately N12.5 billion) was accumulated.

“It is instructive that Atiku has alluded to the relief of Nigeria’s debt in 2006 for which he secretly claimed his credit, but he also needs to be reminded, should he have forgotten, that Nigeria earned approximately N87 trillion between 1999 and 2015, however, his party left a stock of debt reaching almost $ 70 billion and a country with a large infrastructure deficit in which a government that is earning much less is working hard to achieve it.

“In fact, the country earned N51 trillion in the four-year period from 2010 to 2015, but Jonathan’s administration can not point to a 100-kilometer highway or a fully completed infrastructure project that was handed over to the Buhari government.

“And by attacking one of President Buhari’s social welfare plans, Tr


Buhari approves new appointment




President Muhammadu Buhari approved the appointment of Captain Musa Nuhu as the new Director-General of the Nigerian Civil Aviation Authority (NCAA).

Latest Nigeria newspaper report that It will replace Captain Muthar Usman. Until his appointment, Nuhu was the Permanent Representative of Nigeria to the International Civil Aviation Organization (ICAO).

He is an airline pilot, security expert, leading quality control auditor, and artificial intelligence expert. Nuhu has a master’s degree. Bachelor of Business in Aviation and was in the Presidential Air Fleet as Captain and security officer.

Latest Nigeria newspaper report that He also worked at Nigeria Airways, Aero Contractors and Petrowest, among other organizations.

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Declare state of emergency on education – CLO tells Gov Emmanuel




The Civil Liberties Organization, a chapter of the state of Akwa Ibom, has asked Governor Udom Emmanuel to declare a state of emergency in the state’s education sector.

The president of CLO in the state, Franklyn Isong, said this in his office in Uyo, the state capital while informing journalists as part of activities to commemorate World Teachers’ Day with the theme “Young teachers: the future of the profession.”

He said the need became necessary to stop the serious decomposition of infrastructure and insecurity in state public schools.

Isong criticized the content of the education presentation recently organized by the state government, describing it as “urbanized” and not with the intention of capturing the deep crisis that was shaking the sector in the state.

He said: “It is worrisome and sad that most public schools in some communities in Akwa Ibom state are in ruins, insecure and left to the destiny of the communities without government attention.

“All that is needed is for the Governor to take bold steps by declaring a state of emergency in the education sector to build more classroom blocks in rural and urban schools, provide good infrastructure such as science equipment, libraries, laboratories, as well as review the education curriculum to ensure a better and safe future for children in the state of Akwa Ibom. ”

He thanked the state government for tameing the right to basic education of the Akwa Ibom child in free and compulsory education and urged the state government to do what is necessary.

“The right to basic education of all Nigerian children, as enshrined in the Child Rights Act of 2003 in Article 15 (1), had been tamed under the Akwa Ibom State Child Rights Act, to ensure that every child in the State of Akwa Ibom the right to compulsory, free and qualitative basic education. ”

Isong added that; “In the Fundamental Principles and Directives of State Policy, as set out in Chapter 2, Section 13 of the Constitution of the Federal Republic of Nigeria of 1999 (as amended), the government has the responsibility to ensure that the education of Nigerian children be free and qualitative. ”

He also urged the government to address the numerous complaints of delays in the payment of pensions and unpaid tips to relatives of late elementary school teachers with delays in 1991 and to provide an improved social assistance package for teachers in public schools throughout the state.

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We will attack DSTV, MTN, Shoprite, Stanbic IBTC, others if they don’t leave Nigeria – Yoruba youths




After the xenophobic attacks against Nigerians and Nigerian companies in South Africa, the Oodua Youth Coalition, OYC, has granted South African companies and businesses seven ultimata to leave Nigeria.

Latest Nigeria newspaper report that the group president, Oluyi Akintade Tayo, the refusal of the interested parties to give in to the notice of resignation will mean death.

While expressing disappointment at the attitude of South Africans against Nigerians living and working in South Africa, particularly what they described as the continued silence of the South African government on development, the group emphasized that during the apartheid era, which was the time Difficult of In the rainbow country, Nigeria was firm with them.

The statement says: “Oodua Youth Coalition (OYC), the most crucial youth group in Nigeria that projects and protects the Yoruba nation in the country, is sad and angry because South Africans, with the support of the country’s authorities, are coordinating the looting and burning of Nigerian businesses and mutilations and murders of our brothers and fathers on earth.

“It is unfortunate that South Africa, which under the apartheid regime had the support and solidarity of the Nigerians and the government while the white supremacists reigned supreme, is now turning to inflict physical and psychological pain and injury to the people whose parents committed great harm.” part of wages and profits and the community to end the apartheid reign.

“The circulating video in which Mr. Bongani Mkongi, the Vice Minister of Police of South Africa, defended the attacks against Nigerians and other Africans confirmed our previous fear and doubts about the guilt of the South African authorities. It is disconcerting that the country whose former leader, the late Nelson Mandela, recognized Nigeria’s efforts to elevate the South African-led government, is expelling other Africans, mostly Nigerians, energetically and with shame.

“We have tolerated the excesses of these South Africans whose businesses have prospered in Nigeria without any physical and psychological attack. For months, the coalition has written several letters to the South African consulate in Nigeria requesting meetings to chart a way forward and find a lasting solution for these unfortunate and barbaric incidents that have still been ignored or have run into a brick wall.

“OYC, after an emergency meeting, has concluded plans to, as a matter of urgency, attack all South African companies and facilities in Nigeria, especially in the southwest region of the country. DSTV, MTN, SHOPRITE, STANBIC IBTC, and other outlets are our goals.

“Therefore, we give these South African companies a maximum of seven days to leave Nigeria or forget them, since our coalition, with other groups and comrades throughout the country, will attack them and burn them to ashes,” reads the notice.

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