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Obi decries Nigeria’s economic decline, calls for urgent action
By Francesca Hangeior
The 2023 Labour Party Presidential Candidate, Peter Obi, has expressed deep concern over the country’s economic trajectory since 2015.
In a statement on Monday via X, Obi highlighted the contrast between Nigeria’s economic performance in the early years of its return to democracy and its current state.
“When Nigeria returned to democratic governance in 1999, it maintained an average GDP growth of about 6.72% for 16 years from 1999-2014,” Obi wrote.
However, he pointed out that this growth was not sustained, with GDP growth collapsing to 2.79% in 2015 and the economy slipping into recession in 2016.
He said, “In 2014, just before the inception of a new administration a year later, Nigeria had the biggest economy in Africa with a Gross Domestic Product of $568.5 billion and a GDP Per Capita of about $3,200.”
In contrast, he noted that by 2023, Nigeria had fallen to the 4th largest economy in Africa, with a GDP of $375 billion and a per capita of $1700.
Accordingly, the situation worsened in 2024, with the GDP further declining to an estimated $253 billion and per capita dropping to $1087.
This is according to data obtained from StatiSense, an AI data company specialising in financial report analysis, bank statement evaluation, and AI chatbot services.
Subsequently, the former governor expressed alarm at the current state of affairs, saying, “Today, poverty is pervasive and on the increase. Unemployment is rising. Food inflation has skyrocketed to over 43%. Foreign and local investors are losing faith in the future growth of our economy and are leaving in large numbers. Businesses are shutting down.”
Obi called for urgent action to prevent further economic collapse and move it from consumption to production as he criticised the current leadership.
Obi said, “Urgent actions need to be taken to salvage the nation from further economic collapse and move it from consumption to production.
“However, instead of concerning ourselves with all these challenges threatening our collective existence and finding ways to recreate an inclusive and sustainable economy, pull millions of people out of poverty, and return our nearly 20 million out-of-school children to schools, our leaders are more concerned with funding their selfish luxuries and individual lavishness, while throwing blames at others who are only committed to solving the nation’s problems.
“In the face of all these challenges, we the leaders should commit to inclusive and sustainable growth to end the hardship which has continued to burden our fellow Nigerians. Only through that can we achieve a peaceful and secure society.”
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Alleged adultery: Shari’a court clears Jigawa commissioner
The Upper Shari’a Court in Kano, presided over by Ibrahim Sarki Yola, has cleared Jigawa State’s Commissioner for Special Duties, Auwal Danladi Sankara, of allegations of committing adultery with a married woman.
Recall that the case was filed by Nasiru Buba, who accused Sankara of having an illicit affair with his wife, Tasleem Baba Nabegu.
While delivering his ruling, Sarki Yola stressed the need for holistic and cautious investigations by law enforcement and regulatory bodies like the Hisbah Commission, noting that allegations against prominent individuals must be handled with care to avoid unnecessary tarnishing of reputations.
The court also observed that the complainant and his legal representatives failed to appear to contest the Police findings.
“Following the investigation by the office of the Assistant Inspector General of Police, the report shows there is no evidence to prove that there was any illicit affair between Auwal Danladi Sankara and Tasleem Baba Nabegu.
“Since the complainant and his lawyers are not present to challenge the submission by the police, I have no choice but to strike out the case,” the judge stated.
Speaking on behalf of Sankara, his counsel, Barrister Sadam Suleiman, expressed satisfaction with the judgment.
“We have always maintained that our client is innocent. The court has affirmed this by clearing his name based on the police investigation,” Suleiman said.
Meanwhile, Rabiu Shu’aibu, counsel for Tasleem Baba Nabegu, indicated that his team might take further legal action against Nasiru Buba for defamation.
“We will discuss with our client to explore the possibility of filing a case against Nasiru Buba, as he has defamed her name,” Shu’aibu remarked.
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Court hears suit challenging Lagos-Calabar highway contract Jan 14
The Federal High Court in Lagos, on Monday, adjourned the hearing of the Lagos- Calabar Coastal Highway Project over environmental impact to January 14, 2025.
A former governorship candidate of the African Democratic Congress in Lagos State, Funsho Doherty, had dragged the Attorney General of the Federation, Bureau of Public Procurement and HiTech Construction company before the court over open competitive bidding.
He alleged that the Federal Ministry of Works violated the Public Procurement Act 2007 by awarding the first two phases of the highway to Hitech Construction through a single-source procurement process, bypassing the required open competitive bidding.
Doherty is accusing the Federal Ministry of Works of unlawfully awarding the highway’s first two sections to Hitech Construction without adhering to Nigeria’s public procurement laws.
In his originating summons, Doherty argued that the ministry’s decision bypassed the open competitive bidding process mandated by the Public Procurement Act 2007.
He claimed that the construction began without the required Environmental Impact Assessment, which breaches the Environmental Impact Assessment Act 1992.
The plaintiff is asking the court for a declaration that the award of the first two sections of the Lagos- Calabar Coastal Highway Project by the Federal Ministry of Works to the third defendant without subjecting same to open competitive bidding was unlawful and void, being in breach of the Public Procurement Act 2007.
He also asked the court for a declaration that the commencement of construction of the Lagos- Calabar Coastal Highway Project without first undertaking an Environmental Impact Assessment was unlawful and a breach of the Environmental Impact Assessment Act, 1992.
He further sought a declaration that the Federal Ministry of Environment and the second defendant failed in their statutory duties of ensuring compliance with the Environmental Impact Assessment Act and the Public Procurement Act.
Doherty asked the court for an order setting aside the award of the Lagos-Calabar Coastal Highway project to the third defendant.
“An order of court restraining the Federal Ministry of Works and the third defendant, by themselves or through their agents, from further construction of the Lagos-Calabar Coastal Highway until compliance with the Public Procurement Act and the Environmental Impact Assessment Act.
“An order of court directing the Federal Ministry of Works to subject all other sections of the Lagos-Calabar Coastal Highway project yet to be awarded to open competitive bidding as contemplated under the Public Procurement Act.”
When the case came up on Monday, the plaintiff’s counsel, D. D. Duru, informed the court that the matter was coming up for the first time.
He informed the court that the defendants had been served and had responded with counter-affidavits and a preliminary objection, making the matter ripe for hearing.
But the first and second defendants counsel, Abiodun Owonikoko (SAN), who announced his appearance for both defendants, was opposed by Duru, for representing the second defendant, arguing that the second defendant’s separate counsel should appear as it is an independent institution.
Owonikoko, in his reply, said the process referred to by the plaintiff’s counsel was only brought to his notice on Monday.
“The process referred to by my learned friend was only brought to my notice today.
“I asked if the counsel who filed the processes was in court but it appears he was not,” he said.
Owonikoko then asked that the process filed by the second defendant should be struck out.
Duru, in his response, said,” It will be improper for the SAN, to say he was instructed to ask for the striking out of the second defendant’s application.
“It is either the lawyer who signed the processes that come to withdraw or the SAN files for change of counsel.”
The third defendant’s counsel, Oyinkansola Badejo-Okunsanya, sought an extension of time.
She said the application was filed on November 15, 2024, adding that the application was supported by an 11-paragraph affidavit.
Badejo- Okunsanya, moved the application in terms, which the court granted.
Justice A. O. Owoeye adjourned the case till January 14, 2025, to regularise the processes and scheduled the hearing for January 27, 2025.
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