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Obi Condemns FG Plan To Purchase New Presidential Jets

Peter Obi

Labour Party 2023 Presidential Candidate, Peter Obi, has condemned the federal government’s decision to purchase new presidential jets despite the country’s worsening economic crisis.

Obi, a former governor of Anambra State, slammed the move as “extremely insensitive” to citizens’ struggles.

Obi’s statement comes at a time when the country is currently trending in the global media as facing its worst economic crisis, marked by high inflation, a falling currency, and widespread poverty.

The New York Times recently reported that “Nigeria is facing its worst economic crisis in decades, with skyrocketing inflation, a national currency in freefall and millions of people struggling to buy food.”

It added that only two years ago, Africa’s biggest economy, Nigeria, was projected to drop to fourth place this year. The pain is widespread. Unions strike to protest salaries of around $20 a month.

The presidency, however, defended its economic policies, stating that it inherited the crisis and has implemented reforms to restore confidence and stimulate growth.

Meanwhile, the presidency, reacting to the international media report, stated that the report reflected the typical predetermined, reductionist, derogatory, and denigrating way foreign media establishments reported African countries for several decades.

“Because of the misleading slant of the report, we need to clear up some misconceptions conveyed by the reporters as regards the economic policies of the Tinubu administration that came into power at the end of May 2023,” Bayo Onanuga, the Presidency spokesperson, stated.

“Most significant about the report was that it painted the dire experiences of some Nigerians amid the inflationary spiral of the last year and blamed it all on the policies of the new administration. The report, based on several interviews, is at best jaundiced, all gloom and doom, as it never mentioned the positive aspects in the same economy as well as the ameliorative policies being implemented by the central and state governments.

“To be sure, President Tinubu did not create the economic problems Nigeria faces today. He inherited them. As a respected economist in our country, once put it, Tinubu inherited a dead economy. The economy was bleeding and needed quick surgery to avoid being plunged into the abyss, as happened in Zimbabwe and Venezuela. This was the background to the policy direction taken by the government in May/June 2023: the abrogation of the fuel subsidy regime and the unification of the multiple exchange rates.”

Despite these justifications, Obi stated that the government’s priorities are misplaced, particularly with its plan to purchase new presidential jets, claiming that it “demonstrates extreme insensitivity to citizens’ struggles.”

The House of Representatives Committee on National Security and Intelligence had recently asked the federal government to immediately purchase new aeroplanes for the use of President Bola Tinubu and Vice President Kashim Shettima.

The Committee made the call in a report issued after its technical subcommittee conducted a hearing on the status and airworthiness of aircraft in the Presidential Air Fleet (PAF).

“The Committee is of the strong and informed opinion that considering the fragile structure of the Nigerian federation and recognising the dire consequences of any foreseen or unforeseen mishap that may arise as a result of technical/operational inadequacy of the Presidential Air Fleet, it is in the best interest of the country to procure two additional aircraft as recommended,” the report read in part.

“This will also prove to be most cost-efficient in the long run apart from the added advantage of providing a suitable, comfortable and safe carrier befitting of the status and responsibilities of the office of the president and vice president of the Federal Republic of Nigeria

Obi, however, added that, with rising insecurity, poverty, hunger, and homelessness, this decision highlights the disconnect between the government and the people. It is unacceptable and demands a more compassionate use of resources, prioritising citizens’ welfare.

He also called for an end to what he described as impunity, insensitivity, and shamelessness, urging the government to refocus on the needs of the people by prioritising education, healthcare, and poverty alleviation.

“It’s on record that our presidential jets have an average age of 12 years, purchased when most Nigerians could afford basic necessities. Now, as our country faces significant challenges, including a high debt profile, our citizens are in even greater need,” Obi said.

“Instead of adding to our luxuries, we should be focused on alleviating their suffering and finding solutions to their problems. For long, our bad leadership has made our priorities, as leaders, to be at variance to the needs of society, which is why we are headed now south, as a nation. To elucidate further, despite dropping down to the fourth-largest economy in Africa, with a GDP of $252 billion and a per capita income of $1,080, with huge debt burdens and borrowing to service debts, yet, we are spending $15 million for our Vice President’s residence, while the USA, the world’s largest economy with a GDP of $25 trillion, about 100 times our GDP, and a per capita income of $80,000, about 80 times ours, still houses their Vice President in Number 1 Observatory Circle, a house built over 100 years ago, and whose value is obviously less than the $15 million we are spending on our VP’s residence. A reputable real estate company, actually, reports that the US Vice President’s Official Residence is valued at about $7.5 million today.”

“While we had earlier refurbished the old VP residence with $2 million, the over 100 years old US Vice President’s house has only undergone widescale renovations twice, funded by taxpayer money; in 1993 and in 2021. Every new US VP is free to finance any minor refurbishing from his personal funds. It’s, therefore, time to stop this impunity, insensitivity, and shamelessness and refocus on the needs of our people. We must prioritize education, healthcare, and lifting our citizens out of poverty.

Let us work together to build a nation that truly serves its people, not just the interests of a few. Let’s rise to the challenge, and build this new Nigeria, which is now more possible than ever before.”

National

Presidency refutes Bloomberg’s claim on Nigeria’s debt payment

President Tinubu Promises Affordable Minimum Wage

The Presidency has refuted a report by Bloomberg claiming that Nigeria had delayed coupon payments on its savings bonds, affirming that all financial obligations are being met on schedule.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a post on his verified X handle, described the report as incorrect.

According to Onanuga, Finance Minister Wale Edun confirmed that Nigeria has sufficient liquidity to meet all its obligations and does not owe anyone at the moment.

He said Edun had affirmed that the country has enough funds to meet its financial commitments, with no outstanding payments.

According to him, Edun’s position was corroborated by Patience Oniha, Director General of the Debt Management Office (DMO).

Oniha said the Central Bank of Nigeria had processed all due payments as of September 19, with the payment due September 20 also being processed.

“Bloomberg is not correct with this report. Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, says that Nigeria does not owe anyone at the moment,” Onanuga said.

“We have enough liquidity to meet all our obligations. We do not have any outstanding payments.

“Director General of the Debt Management Office, Patience Oniha, also confirms that, as of September 19, the Central Bank of Nigeria has processed all due payments. The payment due today, September 20, is also being processed for payment.”

Specifically, Bloomberg’s report alleged that Nigerian authorities had failed to make timely coupon payments on two savings bonds, citing “system and processing issues” as the cause for the delay.

Bloomberg’s article claimed this was the second such delay in two months, involving coupon payments on two- and three-year debt sold in June, totaling ₦4.2 billion ($2.56 million).

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Rwanda becomes first African country to launch Mpox vaccine

mpox

Rwanda has launched Africa’s first mpox vaccination campaign, marking a crucial step in the continent’s fight against the disease.

As of Tuesday, 300 vaccine doses were administered to high-risk individuals in a border region near the Democratic Republic of Congo (DRC).

Jean Kaseya, Director-General of the Africa Centre for Disease Control (Africa CDC), confirmed the start of the campaign, emphasizing the urgency of controlling the outbreak.

“This outbreak must be stopped quickly,” Kaseya stated, while also highlighting the importance of local vaccine production.

“We are working closely with manufacturers and partners to ensure these vaccines are produced in Africa,” he added.

The Rwandan Ministry of Health prioritized health workers, cross-border traders, hospitality staff, and other high-risk groups in the initial phase of the rollout.

The DRC, the epicenter of the mpox outbreak in Africa, reported 2,912 new cases and 14 deaths in the past week, raising its total to 6,105 cases and 738 deaths since January.

The DRC is set to begin its vaccination campaign in early October, with 165,000 doses already delivered and more pledged by European countries.

Tedros Ghebreyesus, Director-General of the World Health Organization (WHO), called for global cooperation to contain the spread of mpox, stating on X (formerly Twitter), “International collaboration and support are needed to stop the virus.”

Other African countries, including Nigeria, have also received vaccine donations.

In August, the United States provided 10,000 mpox vaccine doses to Nigeria through USAID to support containment efforts.

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AFCON 2025: CAF picks date for Nigeria vs Libya clash

Super Eagles

The official dates for the Super Eagles’ 2025 Africa Cup of Nations qualifying matches against Libya have been confirmed, Wavenewsng can exclusively report.

The doubleheader is set for next month, with the Super Eagles hosting the Mediterranean Knights for the matchday three fixture at the Godswill Akpabio International Stadium in Uyo on Friday, October 11.

The return leg, a matchday four encounter, will take place in Tripoli four days later.

Nigeria currently leads Group D with four points from two matches, while Libya sits at the bottom of the group with one point from the same number of games.

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Edo Decides: Security tightened as guber election holds today

As electorate prepares to vote in the upcoming gubernatorial election to select a successor to outgoing Governor Godwin Obaseki, security measures have been significantly heightened across the state.

According to Journalist, voters have already begun arriving at their polling stations.

Security personnel, primarily from the Nigerian Army and police force, have set up roadblocks on several major streets and roads.

In Benin City, military operatives have blocked both sides of the road at Agho and Joromi junctions along Ekenwa Road, causing disruptions for motorists.

Similarly, Oba Market Road, as well as Ebiwe, Forestry, and Mission Road junctions, have been secured by the Army and police.Further roadblocks have been set up by military personnel at Sokponba junction, Sapele, and Airport Roads.

Armored Personnel Carriers (APCs) belonging to the Army are stationed at Akpakpava Road near the Central Bank of Nigeria.

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Over 120 young players take part in FIFA Talent Development Scheme

As part of its youth talent development program, the Nigeria Football Federation has successfully completed a two-week training program for the National U15 Boys, otherwise known as Future Eagles in Abuja.

This is in line with FIFA’s Talent Development Scheme (TDS) initiative aimed at creating a sustainable legacy for long-term talent development in the country.

Head of TDS delegation in Nigeria, Mr. Nasiru Jibril, a former Nigeria international, said the program is a welcome development which will serve as a pathway for every child within the ages of 12-15 to showcase themselves and be discovered.

With the main goal of the TDS project being to help raise the standards of national-team football around the world for both men and women, which is driven by FIFA’s desire for a long-term dedication to global talent development, Jibril said he is confident the program will form the major plank for supplies to our senior national teams in no distant time.

“Talent Development Scheme (TDS) is a project initiated by FIFA in all countries of the world to benefit places like Africa.

Presently, we are trying to go round and give every single child the opportunity to showcase their talent.

Players from the ages of 12, 13, and 14 are the ones we are bringing to this center so we can pick the best out of them and build them into a group where the national teams will be getting supplies from. From 2025, the U17 AFCON will become an annual project, and if there is no program like this, any country may struggle in assembling the best legs to represent her.

” Also speaking, Head Coach of Nigeria’s U15 national team, Mr Patrick Bassey said the process of recruitment has been transparent with merit as key factor, without any form of bias or sentiments.

“In the selection of the players, there has not been any sentiment; every player that was scouted and brought here has the talent, the skill and the commitment to the game.

I believe these players will be very useful to the nation in the long run.

” A total of 120 players divided into two batches were invited to camp for the first phase of the program, with 40 players to be selected for another schedule before the end of the year, according to Coach Bassey.

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I didn’t come to look for money, says Tinubu

President Bola Tinubu has declared to the National Assembly that he has no intention of exploiting his position for personal gain.

Tinubu says his administration is focused on delivering tangible results and making a positive difference in the nation’s infrastructure, food and energy security, education and long-term economic stability.

At a meeting with the Forum of Former Presiding Officers of the National Assembly, led by former Senate President Ken Nnamani, the President emphasized that he is not in office for personal gain but to serve the country.

”I didn’t come to look for money and exploit the situation; I came to work. I asked for the votes, and Nigerians gave them to me, ” the President, who was a former senator, told the meeting after a session of banters and handshakes with former parliamentary colleagues.

The meeting was attended by 16 former presiding officers, including former senate presidents, former speakers of the House of Representatives, former deputy senate presidents, and former deputy speakers of the House of Representatives.

The President acknowledged the support and encouragement from the Forum members, irrespective of party affiliations, and implored them to continue fostering unity and camaraderie to achieve national development goals.

Reflecting on the complex nature of legislative activities, constitutional reviews, and nation-building processes, the President expressed confidence that Nigeria can progress through collaboration and inclusiveness.

”Regardless of party differences of the past and difficulty of the present, you still believe in me and what we all plan for this country.

”I thank you very much; no one will do it better than us. I have travelled the world and seen how developed countries have done it for themselves through collaboration, inclusiveness and financial structure.

”Yes, there is hardship, but how did we get here? What did we do when we had very high crude production?”

“We neglected our communities; we neglected the goose that lays the golden eggs; we forgot even to give them a good standard of living.

”We forgot to educate our children. Go round and look at the dilapidated schools. The education environment must be decent enough for pupils to want to learn.

”We can complain from now till eternity that the school enrolment is low. But did we do anything to encourage the enrolment process? We must ask ourselves because it is a matter of conscience,” he said.

The President outlined his administration’s focus on addressing these challenges, including improving infrastructure, ensuring compliance with financial regulations, exploring alternative energy sources and providing energy security.

”We have come a long way, and I promise we must do our best,” he said.

He urged the former presiding officers to continue sharing their wealth of experience in nation-building and governance, noting that they were uniquely positioned to provide “clear interpretations of where we are” to Nigerians.

Senator Nnamani, who spoke on behalf of the delegation, expressed full support for President Tinubu’s administration and its efforts to address Nigeria’s pressing challenges.

He noted that the meeting was the president’s first official engagement with the group since his assumption of office. Nnamani congratulated the President.

”Mr President, history has never been the burden of one man alone, but some are called to meet a special share of its challenges.

”Though not of your creation, it has fallen onto you to end the pervasive insecurity across the nation, the economic downturn that has resulted in hunger and anger, infrastructural decay due to years of neglect and myriads of other national challenges.

”As difficult as these problems are, we believe that with your experience, you can face the difficulties and surmount them.

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