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‘FG’s plan to borrow N11tr, spend N3.36tr on subsidy, gross insensitivity’ – S’East group

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Says excessive borrowings ‘ll plunge Nigeria into slavery

Coalition of South East Youth Leaders, COSEYL, has expressed shock over the alleged plan by President Muhammadu Buhari-led administation to borrow another N11 trillion to finance the 2023 budget.

The group said going for fresh loan would further worsen Nigeria’s economic woes as the monies borrowed before now have not been repaid by the Federal Government.

COSEYL described the move as a gross insensitivity and a confirmation that Buhari’s lacks the capacity to manage Nigeria’s challenges.

In a press statement issued by its President General, Goodluck Ibem, COSEYL, urged Nigerians to resist any further attempt by the current administration to enslave the country.

COSEYL argued that instead of plunging Nigeria into irredeemable debt, it would be better for the President to honourably resign if he felt overwhelmed by the complex challenges of the country.

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“It is truly worrisome that a man who knows within himself that he lacks what it takes to lead a country as big as Nigeria will not accept the truth and resign his position but will sit tight and be borrowing on daily basis to the detriment of the country.

“This excessive borrowing by Buhari confirms that he came to destroy our nation and what our forefathers fought so hard to achieve.

“Over two centuries after Wilberforce joined forces with Thomas Clarkson, Granile Harp, Charles Middleton and Hannah More to end slavery, Buhari is plotting to resume the illegal and inhuman trade through excessive borrowings.

“This excessive borrowings by the Buhari’s administration knowing fully well the implications if not repaid will put Nigerians into slavery.”

COSEYL called on Nigerians to wake to the sad economic implications of Buhari’s borrowing spree to avoid mortgaging the future of the unborn generations.

“We have pretended enough, and for too long. It is time for us to wake up and smell the coffee. We are in a bad shape as a country.

“At the rate we are borrowing, Nigeria is worse than a failed nation. Our dear country is in a deep mess. We should no longer be extenuating about the hopelessness of our situation brought upon us by President Buhari. The situation is really worrisome and scary.

“The Nigeria National Petroleum Corporation, NNPC, that is controlling and managing the major source of Nigeria’s revenue which is oil, has been living up to expectation under successive administrations in the past by remitting monies generated from the sale of oil to the federation account. But under President Buhari, no money is coming into the federation account from the NNPC.

“The Organization of the Petroleum Exporting Countries, OPEC, said Nigeria sold oil worth $206 billion US dollars from 2015 to 2019. After making such huge sales from oil alone, why the excessive borrowing on daily basis by President Buhari?”

COSEYL called for the resignation of NNPC boss for the failure of the corporation to remit revenue to the federation accounts.

“It’s time for the resignation of the Group Managing Director, GMD of NNPC and her activities properly screened and investigated by an impartial independent audit panel. The gross incompetence and corruption by the NNPC is one of the main reason for the excessive borrowings.

“We therefore call on the senate not to approve another borrowing but rather institute an impartial Independent Audit and Recovery Panel that will probe and investigate all the monies generated from NNPC, taxes and excise duties, contracts awarded, monies generated from Gold and other solid minerals, Abacha loots and other loots recovered by the government.”

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Obi donates N10 million to burnt hospital in Enugu

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Mr Peter Obi presenting a cheque of 10 Million Naira to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.
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Presidential candidate of the Nigeria Democratic Congress (NDC) in the forthcoming 2027 general election, Mr. Peter Obi, has donated N10 million to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.

The former Anambra State governor handed over the cheque for the donation to the hospital management team when he visited the hospital yesterday.

The hospital belongs to the Reverend Sisters of the Immaculate Heart of the Catholic Church.

Mr Peter Obi inspecting the burnt hospital

Addressing the hospital management team after inspecting parts of the burnt hospital, the NDC presidential candidate commended them for their efforts in contributing to healthcare delivery services.

Telling them that even though they might feel that they were not being appreciated for what they were doing, Obi, however, described healthcare delivery services and education as among the “most critical needs of society” and urged them not to relent in what they were doing.

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Accompanied during the visit by his Chief of Staff, Commissioner for Housing, as well as Special Adviser on Media when he was Anambra State governor, Prof. Stella Okunna, Prof. Patrick Obi, and Dr. Valentine Obienyem respectively, Obi assured the hospital management team that he would continue to support them.

Part of the hospital gutted by the inferno and inspected by Obi was the Children’s Ward.

Expressing gratitude on behalf of the hospital management, the Chief Medical Director of Immaculate Heart Hospital, Nkpor, Anambra State, Rev. Sister Dr. Maria Nkiruka Okafor, eulogised Obi for his sacrifices and selfless contributions to humanity.

Disclosing that Obi had already credited the hospital’s accountant with the N10 million donation and that he was even the person who called her to inform her that he had received the sad news of the inferno and promised to donate towards the renovation, Rev. Sister Okafor described him as a rare politician.

She prayed that God would grant him his ambition to become President of the country and enable him to achieve his desire to transform it.

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FG, Enugu State target direct China-Enugu Cargo flights by December – Keyamo

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Aviation Minister, Festus Keyamo
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The Federal Government and Enugu State Government are in talks to ensure the commencement of direct cargo flight operations between Enugu and Guangzhou, China, before the end of the year.

The Minister of Aviation and Aerospace Development, Barr Festus Keyamo, disclosed this in Lagos during the launch of the United Air’s newly acquired airplanes on Thursday.

The Minister added said the FG had affected a structural management overhaul at the Akanu Ibiam International Airport, also bringing the airport under a privately run operational framework.

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“One of our prides in the South is the Enugu International Airport. The Enugu governor approached Mr. President, noting that the airport was not maximising its economic potential under standard bureaucratic structures, and requested to bring in private investors to run it. Mr. President gave the green light.

“As I speak with you, Enugu is now fully privately owned and fully supported by state government, with the clear objective of also turning it into a dedicated cargo hub for the entire Southeast.”

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To this effect, therefore, Keyamo said that a high-level bilateral trade negotiations were ongoing with a view to securing direct logistics flights between China and the Southeast by the end of 2026.

“Just two days ago, the Enugu governor and I were actively negotiating the first direct cargo flight from Guangzhou, China, straight into Enugu.

“We are targeting December for the maiden flight. This will allow our Southeast merchants and traders in China to consolidate their goods into unified cargo accounts twice a week, flying straight into Enugu for seamless delivery to hubs like Onitsha and Aba,” he concluded.

It is recalled that Governor Mbah had in July 2025 launched Enugu Air, a state-owned airline, as part of the administration’s integrated blueprint for a modern, multimodal transport ecosystem and the vision to make Enugu a major aviation and logistics hub.

Since then, Enugu Air has grown its fleet from three at inception to six planes with plans to further increase it as it prepares to commence operations to regional destinations like Accra, Libreville, Abidjan in next few months and long haul flight operations to various destinations around the world by the end of the year.

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Retired Generals raise alarm over insecurity, say govt must be proactive

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Late Major General Rabe Abubakar (rtd)
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