Borrowing
PDP raps President Buhari over performance claims
The Peoples Democratic Party, PDP, yesterday berated President Muhammadu Buhari over his stewardship in the past five years, saying he has failed to justify the confidence reposed in him by Nigerians. This is even as the party noted Mr. President’s “illusory self-assessment” has validated its position that “he has since abandoned governance for the luxury and pleasures of Aso Presidential villa, having lost sync with the reality of the devastation his incompetent administration has brought to our nation in the last five years.” In a statement signed by its spokesman, Kola Ologbondiyan, the PDP insisted “that every fair criticism of Buhari’s administration only reveals a litany of failures and a reversal of fortune for our country in the last five years,” adding that, “it is unfortunate tha...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
PDP: Nigerians fed up with President Buhari’s government
The Peoples Democratic Party (PDP), on Sunday, maintained that Nigerians have become fed up with the Muhammadu Buhari administration and are now rallying under the main opposition party. In a statement issued in Abuja by its national spokesman, Kola Ologbondiyan, the PDP described the recent attack on it by presidential spokesman, Garba Shehu, “as a feeble kick of a weak horse, in another failed attempt to beguile Nigerians.” Recall that the presidential spokesman had described the PDP as “a university of lies.” The PDP said it is not surprised that “the Buhari Presidency is rattled by the bitter truth that Nigerians are fed up with President Muhammadu Buhari as well as his All Progressives Congress (APC) and are rallying on our platform to rescue our nation from misrule.” The party noted:...
PDP: Nigerians fed up with President Buhari’s government
The Peoples Democratic Party (PDP), on Sunday, maintained that Nigerians have become fed up with the Muhammadu Buhari administration and are now rallying under the main opposition party. In a statement issued in Abuja by its national spokesman, Kola Ologbondiyan, the PDP described the recent attack on it by presidential spokesman, Garba Shehu, “as a feeble kick of a weak horse, in another failed attempt to beguile Nigerians.” Recall that the presidential spokesman had described the PDP as “a university of lies.” The PDP said it is not surprised that “the Buhari Presidency is rattled by the bitter truth that Nigerians are fed up with President Muhammadu Buhari as well as his All Progressives Congress (APC) and are rallying on our platform to rescue our nation from misrule.” The party noted:...
George Moghalu: Igbo presidency not by mouth
YouTube The Managing Director and Chief Executive Officer of National Inland Water Ways (NIWA), Chief George Moghalu has told the Igbo to widen their horizon to convince other ethnic nationalities, if a Nigerian president of Igbo extraction must be realized. The All Progressives Congress (APC) governorship aspirant for Anambra 2021 election, Chief Moghalu said this during an interactive session with journalists in Nnewi on Saturday. He noted that the Igbo known for work hard should apply same and traverse the width and breadth of Nigeria to garner support for the 2023 presidency project and not to sit down at one place nursing self-pity. He declared that power could only be taken, not given. “Since it’s a democratic dispensation where number matters, there is need for Ndigbo to sit down an...
Edo election: Comrade Oshiomhole borrowed recklessly – Governor Obaseki
Governor Godwin Obaseki has accused his predecessor, Adams Oshiomhole, of putting Edo State in debt through reckless borrowing. The governor made the allegation on Sunday, September 13, 2020, during the Edo Governorship debate organized by Channels Television. While answering a question about the debt profile of Edo state, Obaseki said the Oshiomhole-led administration was responsible for the state’s debt burden. He said, “Let me make some points very clear. What happened is that my predecessor in office borrowed recklessly and the Federal Government had to restructure all the debts that we have taken before I came into office. “These included a whole series of bank borrowings, borrowing to pay salaries. So, the Federal Government restructured outstanding obligations to Edo State, to the t...
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