Politics

THINK TANK: PETER OBI’S ECONOMIC ANALYSIS, SIMPLISTIC, SHOWS A PEDESTRIAN UNDERSTANDING OF THE NATIONAL ECONOMY

Published

12 months ago

April 3, 2025

The Independent Media and Policy Initiative (IMPI) has described recent comments by Peter Obi, the Labour Party presidential candidate in the 2023 election, on using money to drive economic productivity as not only simplistic but also hollow.

The policy group noted that Mr Obi’s position, which he canvassed in a recent TV interview, shows a pedestrian understanding of the national economy.

In a policy statement signed by its Chairman Dr Niyi Akinsiju, IMPI argued that economic productivity is not a stand-alone item that could be automatically fixed with a single-dose action.

It said: “We do not begrudge Mr Obi accusing the administration of President Bola Ahmed Tinubu of being ineffective in implementing economic policies. We consider his proposition of injecting money into productivity as the singular solution to Nigeria’s economic malaise in the first two years of this administration if he were to be the president, as manipulative and borne of a deficient understanding of historical issues that underline Nigeria’s economic trajectory.

“He claims his silver bullet proposition would lead to a more productive and sustainable economy. Coming from a former governor and one who had chaired the board of a commercial bank, we found this submission puzzling and, at the same time, vexatiously narrow.

“The fact is that productivity is not a stand-alone item in the universe of economic productivity. It is, by fact and praxis, made up of different components and value aggregation.

“Economic productivity, which implies the efficiency of an economy in producing goods and services, is influenced by human capital (education, skills), technology, physical capital (equipment), natural resources, and entrepreneurship.

“Driving economic productivity supposes an overall strategy to streamline these factors and generate the appropriate quantum of revenue to invest in them while considering the period it would take to gestate and impact the economic space.”

The policy group pointed at Nigeria’s economic challenges and wondered what the former Anambra state governor would have done differently from steps taken by the Tinubu administration.

“Since 2014, Nigeria has had to contend with challenges of low revenue exacerbated by policies that continuously erode productivity, such as fuel subsidies and multiple exchange rates.

“Despite the storm associated with the removal of fuel subsidies and the harmonisation of multiple foreign exchange windows, the Tinubu administration expressed a profound understanding of the national economy by conducting the equivalent of a surgical incision on the economy.

Tangential to this is the “injection of money into productivity” single-dose treatment of the nation’s economic malaise advocacy by Mr Obi.

“In an economy characterised by low revenue and huge accumulated debt as of the May 29, 2023 handover date, Mr Obi has left us wondering what exact policy options he would have deployed to achieve his “monetary injection into productivity” policy if he were President.

“To put it in context, we wonder how and what routes Mr Obi would wish to adopt in the first two years of his Presidency to accomplish his vaunted policy if he were in President Tinubu’s shoes.

“This is, more, in the face of a legacy of a fiscally constrained economy that manifests in a trifecta of headwinds witnessed from the second half of 2014 through to the disruptions occasioned by the 2020 Covid pandemic and the gross economic erosion recorded in the Covid era through to the post-Covid years to 2023 when the Tinubu administration, determinedly commenced the engineering of a paradigm change of the nation’s economic template.

“Against this background, we consider it somewhat perplexing that Mr Obi would criticise the Tinubu administration for ‘floating the naira in the absence of productivity while also increasing the country’s debt profile and the cost of debt servicing’ which, according to him, was above the budgetary allocation for critical sectors like health and education.

“We consider this sweeping averment on the character of Nigeria’s emerging economy under the Tinubu administration to be either the outcome of unbridled ignorance about the workings of an economy or a deliberate manipulation of facts and reality to exploit Nigerians’ base political sentiments,” the policy group said.

IMPI added that contrary to Obi’s claims, its analysis which aligns with that of the World Bank shows that there are enough pointers to the success of the ongoing economic reforms.

“Against Mr Obi’s merchant-minded, import-focused understanding of the depreciation of the naira as a consequence of floating the local currency and the diminished value of the naira relative to other currencies, data from the National Bureau of Statistics (NBS) show that Nigeria recorded in 2024 a total trade volume of N138 trillion or $89.9 billion, the highest in the country’s history, representing a 106% increase compared to the previous year.

“We also observe how the national economy is shifting from a low revenue-earning to an increasing capacity for high revenue generation, as shown in the quantum of revenue available to be shared among the three tiers of government by the Federation Accounts and Allocation Committee (FAAC).

“In 2024, Nigeria’s Federation Account received ₦15 trillion in revenue, with a 43% jump in disbursements to the Federal Government, states, and local government councils. In contrast, N10.143 trillion was received and shared among the tiers of government as statutory revenue allocations in 2023.

In this light, Mr Obi’s conjecture on economic issues shows a truly deficient comprehension of the dynamics of economics and their real-life application, it noted.

The policy group also questioned Obi’s understanding of the constitutional mandates of the tiers of government based on his position on the President taking responsibility for primary healthcare and basic education in Nigeria.

Politics

Declare Abaribe’s seat vacant, Abia APGA tells Senate

Published

3 days ago

March 20, 2026

Ekwutos Blog

March 20, 2026

The All Progressives Grand Alliance in Abia State has called on the Senate to declare the seat of the Senator representing Abia South, Enyinnaya Abaribe, vacant following his resignation from the party.

The party made the call on Thursday during a press briefing in Umuahia, where its leadership, led by a former member of the Abia State House of Assembly, Obinna Ichita, insisted that Abaribe voluntarily resigned from APGA and was not sacked, contrary to his claim at the Senate.

Ichita argued that Abaribe’s exit from the party that sponsored his election violates constitutional provisions, stressing that there was no leadership crisis within APGA to justify his defection.

“The senator resigned in his ward. He did so voluntarily, which is his right. However, if you leave the party that gave you the platform for another party when there is no leadership crisis, that seat must be declared vacant,” he said.

He further alleged that Abaribe misrepresented the circumstances of his exit by claiming he was sacked.

“The party has documentary evidence to show that Senator Abaribe was not sacked. He resigned three months after disciplinary measures were taken against him over actions the court did not consider appropriate,” Ichita added.

According to him, the mandate belongs to the people and the party, not the individual office holder.

“They gave him the mandate on the platform of APGA, not any other party. There was nothing like ADC when he was elected. He cannot take the mandate elsewhere without consulting the people who gave it to him,” he said.

Ichita maintained that the constitution is clear on defection, noting that any lawmaker who leaves a party without a valid internal crisis must vacate the seat.

“My message to Senator Abaribe is to honourably vacate the seat instead of waiting for the National Assembly to declare it vacant. That would amount to national embarrassment,” he added.

Also speaking, the APGA State Chairman, Sunday Onukwubiri, and the party’s Public Relations Officer, Chukwuemeka Nwokoro, reiterated that Abaribe had distanced himself from the party’s activities at various levels in the state.

They insisted that he neither holds dual membership nor was he expelled, maintaining that his resignation was voluntary.

“He was invited by the party but failed to appear and was subsequently suspended in line with the party’s constitution. Three months later, he resigned,” the officials said.

Reacting, Abaribe defended his position, insisting that he acted within his constitutional rights.

“When you are no longer a member of a party by virtue of being sent away, you have the fundamental right of association to join another party,” he said.

He argued that his indefinite suspension by APGA effectively amounted to expulsion.

“If a party places you on indefinite suspension for more than six months, what does that mean? It means you have been told to go elsewhere, and that is exactly what I did,” he stated.

The senator added that the proper constitutional procedure for removing him from office would be through a recall process by his constituents.

“If the people who elected me no longer want me, the right thing to do is to initiate a recall. That is the position of the law,” he said.

Politics

Tinubu’s Reforms May Be Challenging, but They’ve Boosted Nigeria’s Global Respect — Information Minister Mohammed Idris

Published

3 days ago

March 20, 2026

Ekwutos Blog

The Minister of Information and National Orientation, Mohammed Idris, has stated that Nigeria is receiving greater respect internationally under the leadership of President Bola Tinubu.

Speaking on Friday after attending Jumaat prayers at Yahaya Road Mosque in Kaduna, Mr Idris said, “Nigeria is indeed taking its rightful place. The country is respected more than ever before on the international scene. The reforms that the president has instituted, as challenging as they are, are meant for the benefit of all Nigerians.”

He urged Nigerians to stay calm as the government continues its efforts to restore security across the nation. Referring to the recent multiple b%mb att@cks in Maiduguri, Borno State, the minister assured that such incidents would not be allowed to recur.

“Indeed, our country is facing challenges, and the government is working tirelessly to ensure security throughout Nigeria. We have seen what has happened, particularly in Borno State. We pray to Allah to make this the last one, as the government is committed to preventing any repetition of such incidents,” he said.

Mr Idris also stressed the importance of citizens being prayerful and working together to address the country’s challenges. He encouraged both Muslims and non-Muslims to unite in the interest of Nigeria’s growth and development.

“This is a time for reflection for all Nigerians. We pray that everyone will consider this moment and recognize the need for unity, progress, and national development. All hands must be on deck for the unity of the country. As we earn respect internationally, we also hope and pray that unity will strengthen within our nation,” he added.

Politics

Imo APC Releases List of State, LGA, Ward Party Executive Committee Members

Published

3 days ago

March 20, 2026

Ekwutos Blog

By Dan Opara

Following the successful conduct of the Imo State APC Congress held in Owerri, Imo State, on March 3rd, 2026, the leadership of the party has officially released the list of victorious candidates who emerged from the exercise.

The announcement, made on Friday, March 20th, 2026, came 17 days after the Congress, as gathered by ThePressman Newspaper.

According to the released list, Chief Austin Onyedebelu emerged as the Imo State APC Chairman, while Arc. Allen Enwerem was elected as the State Deputy Chairman. Hon. Onyekachi Ibezim secured the position of State Secretary, alongside 33 other members who now constitute the State Party Executive Committee, including Ex-Officio members in Imo State.

In addition, the leadership of the ruling APC across the 27 Local Government Areas of Imo State has also been announced.

The Ward Party Executive Committee Members for the 305 wards are, however, yet to be fully confirmed.
Below is the comprehensive list of the All Progressives Congress State Executive Committee Members for Imo State, including their respective telephone numbers.

ALL PROGRESSIVES CONGRESS
STATE: IMO STATE EXECUTIVE COMMITTEE

State Chairman, Chief Austin Onyedebelu, 08033101685.

State Deputy Chairman, Arc. Allen Enwerem, 08036301966.

State Secretary, Hon. Onyekachi Ibezim, 08033416291.

State Assistant Secretary, Nzenwa Nwoju, 08037717167.

State Zonal Vice Chairman I, Hon. Frank Onyejiaka, 0803314564.

State Zonal Vice Chairman II, Justice Ogu, 08072079223.

State Zonal Vice Chairman III, Dan Chike Ogu, 08037894168.

State Legal Adviser, Barr. Onyeme Promise, 08061526970.

State Assistant Legal Adviser, Barr. Godwin N. Chukwukere, 08033310076.

State Treasurer, Dr. Ben Uwakem, 08033408703.

State Assistant Treasurer, Emenike Uzo, 08098048483.

State Financial Secretary, Rex Onyemara, 07060608457.

State Assistant Financial Secretary, Engr. Innocent Obidike, 08033288662

State Organizing Secretary, Okey Ezuruike, 08033411574.

State Assistant Organizing Secretary, Mrs. Tina Anya, 08068818358.

State Publicity Secretary, Onwuasoanya FCC Jones, 08064483254.

State Assistant Publicity Secretary, Ambrose Nwogwugwu, 08135047154.

State Welfare Secretary, Chinyere Ofurum Sandra, 08069738781.

State Assistant Welfare Secretary, Cecilia Okafor, 08032462478.

State Auditor, Hon. Dan Ikpeazu, 08033263444.

State Assistant Auditor, Hon. Charles Nnorom, 08164341068.

State Woman Leader, Mrs. Ify Obi, 08060850990.

State Assistant Woman Leader, Mrs. Egondu Ewelike, 08089134418.

State Youth Leader, Hon. Franklin Chukwuemeka, 08097123456.

State Assistant Youth Leader, Hon. Innocent Onwuemenyi.

State Special (PCL), Dr. Samuelson Emehibe, 0803902102.

State Senatorial Youth Leader I, Anele Joseph, 08037794751.

State Senatorial Youth Leader II, Chris Ike, 08036034727.

State Senatorial Youth Leader III, Ifeanyi Nwannenna, 08020988164.

State Senatorial Women Leader I, Mrs. Iheako O. Elizabeth.

State Senatorial Women Leader II, Lady Martina Okere, 08036689003.

State Senatorial Women Leader III, Mrs. Franca Onuoha.

State Ex Officio I, Henry Oguguo, 08035001354.

State Ex Officio II, Hon. Alban Amasiatu, 08060564561.

State Ex Officio III, Chukwuma Onyedindere, 08037756307.

State Ex Officio IV, Chief Monday Ikokwu, 08086803626.

Meanwhile, the leadership structure of the All Progressives Congress (APC) in Imo State has been duly constituted, with officials elected across the State, Local Government Area, and Ward levels, reflecting a comprehensive and well-organized party framework.

At the Local Government Area level, notable individuals have emerged as party chairmen in various LGAs.

In Owerri West LGA, Mr. Chikadibia Okpe, was elected as the APC Local Government Chairman.

Similarly, in Orlu LGA, Mr. Ejike Iberame, emerged as the duly elected Party Chairman, while in Oguta LGA, Mr. Obed Onyebuchi, was elected as the APC Chairman, alongside 24 LGA Party Chairmen, to further strengthening the party’s grassroots leadership.

These developments extend across other Local Government Areas and wards, where Party Chairmen and Ward Chairmen have also been elected to provide leadership and coordination at their respective levels.

The successful emergence of party executives at the State, LGA, and Ward levels underscores the APC’s commitment to internal democracy, effective organization, and sustained grassroots mobilization across Imo State.

The release of the list marks a significant step in consolidating the party’s structure across the state, as the newly elected executives are expected to steer the affairs of the APC in Imo State moving forward.