Politics
Oshiomhole blames Buhari for naira collapse
Senator Adams Oshiomhole, representing Edo North Senatorial District, has said that the excessive printing of money by the Central Bank of Nigeria under the administration of former President Muhammadu Buhari through the Ways and Means policy crippled the naira.
Oshiomhole made this statement on Saturday at a Progressive Governors Forum’s Meeting and Interactive Session in Benin City, Edo State.
He blamed the policy for the eventual collapse of the Nigerian currency against the US dollar.
“We are coming from a country that was almost like Zimbabwe or Idi Amin’s Uganda, where he asked the Central Bank Governor to ‘go and print more money for us to share to the people’. And the Governor said, if we print more money, Uganda currency will be like a sheet of paper,” he said.
According to the former Edo State Governor and President of the Nigeria Labour Congress, NLC, to understand the root cause of the present cost of living and the exchange rate regime, you must trace and locate it in terms of the excessive amount of banknotes through the so-called Ways and Means which the past government created.
He said Nigeria was borrowing every day the way fish drinks water, stressing that it has become President Bola Tinubu’s burden to pay back those loans to guarantee the sovereignty of Nigeria.
Recall that the Senate in 2024 inaugurated an ad hoc committee to investigate the Ways and Means and the Anchor Borrowers Programme of the apex bank.
Ekwutosblog reports that the Ways and Means provision allows the Federal Government to borrow from the CBN if it needs emergency finance to fund delayed government expected cash receipts of fiscal deficits.
President Bola Tinubu has approved the constitution of the Nigerian side of the US-Nigeria Joint Working Group as part of steps to deepen collaboration in tackling security challenges in the country.
The composition of the Joint Working Group was part of the agreement reached during the recent trip to Washington, DC, by a high-level Nigerian delegation led by the National Security Adviser, Nuhu Ribadu.
Ribadu is to lead the Nigerian side of the Joint Working Group, supported by a multi-stakeholder team comprising senior officials from relevant government establishments.
Members of the Joint Working Group include the Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar, Minister of Defence, Mohammed Badaru Abubakar, Minister of Interior, Hon. Olubunmi Tunji-Ojo, Minister of Humanitarian Affairs, Dr Bernard M. Doro, Chief of Defence Staff, Gen. Olufemi Oluyede, Director-General of the National Intelligence Agency, Amb. Mohammed Mohammed and the Inspector General of the Nigeria Police Force, Mr Kayode Egbetokun.
Ms Idayat Hassan of the Office of the National Security Adviser (ONSA) and Mr Paul Alabi of the Embassy of Nigeria in the US will serve as the secretariat.
President Tinubu has urged members of the Joint Working Group to work assiduously with their US counterparts to ensure smooth operationalisation of all agreements across sectors.
Politics
AU, ECOWAS, and WAEF Condemn Guinea-Bissau Military Takeover, Demand Restoration of Democratic Order
Election-observation missions from the African Union (AU), the Economic Community of West African States (ECOWAS), and the West African Elders Forum (WAEF) have jointly condemned the military takeover in Guinea-Bissau, calling it a direct assault on the country’s democratic process.
In a strongly worded statement, the observer groups denounced the suspension of the presidential and legislative elections, which had been conducted peacefully on 23 November. They praised the citizens of Guinea-Bissau for their orderly participation and commended electoral officials and security personnel for maintaining professionalism throughout the vote.
The missions described the military intervention as a “blatant attempt to disrupt the democratic process,” noting that the takeover occurred while the nation awaited the official announcement of election results. With both leading presidential candidates having pledged to respect the final outcome, observers said the coup threatened to erode confidence in the country’s democratic institutions.
The joint statement also expressed deep concern over the detention of government and electoral officials by the military, urging their immediate release and the swift restoration of constitutional rule. The observers warned that halting the electoral process could reverse years of regional efforts to strengthen political stability and democratic norms in Guinea-Bissau.
Regional and international bodies are now intensifying calls for the reinstatement of civilian authority and the continuation of the electoral process, emphasising the need to safeguard the will of the people at a critical moment in the country’s political trajectory.
Politics
Nnamdi Kanu is in the prison, we should not get angry and it is not issue to use knives, gun or fighting ourselves in order to solve it- Bianca Odumegwu-Ojukwu
The Minister of State for Foreign Affairs, Mrs. Bianca Odumegwu Ojukwu, has urged the South-East people to use dialogue and peaceful means to address the recent imprisonment of Nnamdi Kanu
She added that the people of the South-East should emulate other zones and learn to solve their challenges “through dialogue and peaceful ways.”
Bianca Ojukwu made the remarks at the 14th edition of the Dim Chukwuemeka Odumegwu Ojukwu Memorial Day Celebration held at the Ojukwu Memorial Library, Owerri, Imo State, on Wednesday
She noted that although the court of first instance had sentenced Kanu to imprisonment, “all hope are not lost,” adding that through dialogue and peaceful methods, Nnamdi Kanu could be released from the Sokoto Correctional Centre.
The Ojukwu’s annual memorial day was instituted by Chief Ralph Uwazuruike, the founder of the Movement for the Sovereign State of Biafra (MASOB
The event is usually attended by Igbo people from the five South-East states and beyond.
During her address, Mrs. Ojukwu called for a minute of silence for the late BBC journalist, Mr. Frederick Forsyth, “who resigned her job to cover all things that happened during the 1967 to 1970 Biafra and Nigeria civil war.”
She said, “Nnamdi Kanu is in the prison, we should not get angry and it is not issue to use knives, gun or fighting ourselves in order to solve it”
“This coming Christmas, all of us should endeavour to meet with our National Assembly members and our governors, ask them the way forward to ensure that Kanu is freed from the prison”
“Also, all of us should come together, plan ourselves on how to use peaceful means to settle this matter, we should plan how to meet with President Bola Tinubu and amicably resolve this matter.”
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