Politics

SDP’s Adebayo Faults Tinubu’s Economic Policies

Published

1 year ago

February 26, 2024

The 2023 presidential candidate of the Social Democratic Party (SDP), Adewole Adebayo, has faulted the economic policies of the President Bola Tinubu’s administration.

Adebayo, who was a guest on Channels Television’s Sunday Politics, said the method of the Tinubu government was not correct. “He (Tinubu) has the right team but what he wants to do is not correct,” he said.

According to the former SDP flag bearer, if he were to be Nigeria’s President, he won’t remove petrol subsidy from day one as President but would have approached the National Assembly to amend the 2023 Appropriation Act to allow subsidy for a while.

“These policies are not good, not because of the party that is announcing them but because they are not suitable to us,” he insisted.

Adebayo disagreed with Tinubu’s methodology but agreed that any of the presidential candidates in the last poll who adopted the policies of the incumbent would have gotten the same results evident in the country at the moment.

“It doesn’t matter whom you put there, this will be the outcome once you adopt these policies,” he said, while identifying the three major issues as cost of governance, the issue of subsidies and forex.

According to him, the reforms of the incumbent come with some benefits such as more income to the government and more income to the foreign exchange but the country was “not structurally prepared for the advertised benefits”

He also postulated that the gains of the policies were lesser to the pains, noting that the Tinubu government should be “less arrogant” to do the right thing to provide succor for suffering Nigerians.

Nigeria is battling rising inflation, food inflation, forex crisis, economic hardship and high cost of living occasioned by the removal of petrol subsidy, attracting protests in parts of the country.

Politics

BREAKING: Ex- Lagos guber candidate Jandor dumps PDP

Published

8 hours ago

March 3, 2025

Austin Ojomah

Dr. Olajide Adediran, popularly known as JANDOR, has dumped the Peoples Democratic Party (PDP).

The 2023 Lagos governorship candidate made the announcement on Monday during a press conference in Ikeja, Lagos.

While he did not disclose his next political move, JANDOR assured that he would make his intentions known in the coming months.

His departure from the PDP comes with the backing of his supporters across the 20 local governments and 37 Local Council Development Areas (LCDAs) of Lagos State.

Details to follow…

Politics

UPDATED: Present 2025 Budget in the next 48hrs, Rivers Assembly tells embattled Fubara

Published

9 hours ago

March 3, 2025

Naijablitznews

… Assembly insists on no account should Rivers people suffer

The Rivers State House of Assembly has given embattled Governor Siminalayi Fubara 48 hours to present the 2025 budget to the House.

Also, Fubara was encouraged to act fast and do the needful to stop unnecessary suffering by Rivers people over the stoppage of federal allocations to the state.

See details below:
The Rivers House of Assembly on the 3rd day of March 2025, amongst other matters deliberated on Judgements of
the Supreme Court in Suits numbers- SC/Cy/1174/2024 and sC/CV/1105/2024 delivered on the 28h day of
February 2025 and resolved as follows:

“That pursuant to the order of the Supreme Court in Suit no.: sc/CV/1174/2024 for the stoppage of
Statutory Federal allocations to the Rivers State Government and haltíng of spending from the
Consolidated Revenue Fund of Rivers State pending the passage of an Appropriation Bill, you are
requested to present the 2025 Appropriation Bill to the House in line with the provisions of the 1999
Constitution as amended.

“That the House expects you to present the 2025 Appropriation Bill within 48 hours.

“That since the Supreme Court in the judgement delivered in Suit no.: SC/CV/1105/20
0/2024 nullified the
Rivers State Local Government Elections of 5th October 2024 for non-compliance with the
Electoral Act among other reasons, the House would soon commence the process of amending the
Rivers State Local Government Law No. 5 of 2018 and the Rivers State Independent Electoral
Commission Law No. 2 of 2018 so that they can be in tandem with the Electoral Act and pave the way
for the commencement of plans for fresh Local Government elections in the State.

That your attention should be drawn to the provisions of the 1999 Constitution as amended; the Rivers
State Local Government (Amendment) Law, 2023 as well as the Judgement of the Supreme Court in
Suit No.: Sc/cv/343/2024 that prohibits the administration of Local Governments by HLGA’S or any
other persons other than democratically elected officials.

That the House would proceed on a 12- week recess as from Friday 7th March 2025 but Standing
Committees would be expected to continue statutory functions.

“Please be informed that our resolutions are geared towards a quick fix to the current financial quagmire
occasioned by the absence of an Appropriatíon Law for Rivers State.

“We do not want Rivers State people to
suffer.

“We, therefore, urge you to act fast and do the needful in the best interest of the good people of Rivers
State.