
Politics
Payment of fuel subsidy is organised crime, says Obi
• LCCI president: Tinubu is next to address private sector in October
• Group accuses Oshiomhole of using Obi’s popularity to seek relevance
• LP candidate tells Nigerians to vote character, competence
• Okowa to Bode Goerge: Delta PDP intact, not in crisis
• Wabara meets Fintiri in Yola over Ayu
The presidential candidate of Labour Party, Peter Obi, on Monday, said government was behind oil theft in the country.
Obi, who was the guest speaker at the second in the series of Private Sector Economic Forum of the Lagos Chamber of Commerce and Industry (LCCI) for presidential candidates, asserted that it was impossible for an ordinary Nigerian to steal oil without the cooperation of government.
“Payment of oil subsidy as currently practiced in Nigeria is an organised crime. We need an aggressive production of local refining. Make resources available to ensure a private-sector led oil refining,” the former Anambra State governor advised the Federal Government.
The presidential candidate who made the remarks, while answering questions from panellists at the event, also reacted to a question on the issue of cost of governance. “I have allergies to waste,” he said, alleging that 50 per cent of the claimed subsidy being paid was ‘corruption’.
Speaking on challenges relating to high exchange rate, Obi, who said the problem was due to ‘physical recklessness’, stated that Nigeria needed to move away from being a ‘consumption to production nation’.

Another critical policy he identified to address exchange rate challenges was to stop ‘dollarisation’ of local oil transactions.
He insisted that there was need for an overhaul of the security architecture in the country, proposing multi-level policing from the federal to the community security system.
The LP presidential standard bearer, who stressed that tackling insecurity challenges was significant to economic growth, affirmed that once insecurity was adequately addressed, farmers would be able to go to farms, productions would increase and high rate of inflation would gradually reduce.
When asked how he was going to sustain institutional growth, Obi replied that he would ensure “certainty of policy”, as well as subjecting himself to public scrutiny and accountability.
On borrowing, Obi specified that there was nothing wrong in borrowing, but where the problem lied was when government borrowed to consume, stating that when borrowing is done to invest, the return would be prosperous and impact positively on both micro and macro economies.
He urged Nigerians not to vote him or any other candidate in the coming general elections based on tribe, religion or acclaimed right. Instead, he advised the electorate to vote based on trusted character, accountability and prosperous future for the country.
“Don’t vote for me because it’s my turn, Nigeria is nobody’s turn. This time, it’s the turn of Nigerians to take back their country. So, it’s not the turn of anybody. Don’t vote for anybody because of connections. Don’t believe what they say about their structure, it is the structure of criminality, corruption and looting. That is what we want to dismantle.
“What Nigeria needs is a leadership that is committed. They said 2023 election is the last bus stop, my appeal is that 2023 election should not be based on ethnicity. There is no place where poor people in Nigeria live a better life. They don’t buy bread cheaper in Kano, Maiduguri, Oyo or Onitsha.
“Poor Nigerians are suffering in every part of the country. There is nowhere in Nigeria where security is perfect, people today can’t go to Kaduna, by air, road or train out of fear. Katsina State is not safer than Oyo. Insecurity is everywhere in Nigeria. There is no tribe that has uninterrupted electricity or where unemployment is lower. The farmers in the North are not in the farm because of insecurity.
“Elections in 2023 will be based on the character we can trust. Show us your last office, where you have been to, let’s go and verify how you managed public resources,” he said.
He thanked the LCCI for giving him opportunity to speak to Nigerians, calling on Nigerians to hold him accountable on all his electoral promises, if elected into office.
Oil theft, debt burden, subsidy regime, foreign exchange, and other economic issues were core areas the forum expected each of the candidates to address ahead of the 2023 elections.
Last week Tuesday, presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, was the first to present his economic blueprint for post-2023. The ruling All Progressives Congress (APC)’s Asiwaju Bola Tinubu is expected next to have his turn at the Private Sector Economic Forum.
The LCCI, which has organised the event for the past 16 years, said it was interested in the economic agenda of each of the candidates aspiring to take over the leadership mantle at the end of President Muhammadu Buhari’s administration.
This, according to the LCCI President, Asiwaju Michael Olawale-Cole, will enhance the choices people make at the polls.
“Beyond economic management, we understand that countries rise or fall through leadership and governance. Nigerians have another opportunity to decide who leads them in the next four years from 2023-2027,” LCCI boss stated.
Olawale-Cole stressed that the Nigerian economy has been inundated with a myriad of problems, among which are oil theft, an unsustainable subsidy regime, insecurity and a foreign exchange crisis.
Despite these challenges, he affirmed that the prospects and future remain bright for the Nigerian economy.
“Nigeria is the largest economy on the African continent with an output in the region of almost half a trillion dollars in nominal terms. The country is also hugely endowed with human and natural resources.”
While announcing that the Chamber plans to host Tinubu next month, Olawale-Cole promised that the Chamber would consider hosting other notable presidential candidates, so that it would not be accused of being biased.
MEANWHILE, a civil society organisation, Conference of Civil Society for Peace and Good Governance Initiative (CCSFPGG), has taken a swipe at the statement credited to former APC national chairman, Adams Oshiomhole, to the effect that Obi failed to tackle insecurity in Anambra, while he held sway as governor of the state.
The former Edo governor, had while speaking during the youth conference of APC in Abuja, said: “For those of you who are social media warriors, there are issues here that you need to speak to. Go to Google and look at the first six months of Governor Obiano’s administration in Anambra.
“What you will find on YouTube is Governor Obiano demolishing houses of kidnappers and those who were then referred to as Bakassi Boys.
Who was the governor when Bakassi Boys developed and who solved the problem? So, if a man could not solve a security challenge in his own state, which requires courage, how can he convince you that he will solve security challenges all over Nigeria?”
But reacting to Oshiomhole’s statement, National Coordinator of CCSFPGG, Dr Oshioke Mathew Afegbu, described the APC chieftain as a failed politician, who was trying to get into prominence using Obi’s popularity, having not only been disgraced out of office as his party’s chairman, but also rejected by the people of his home state, Edo, when he tried to impose a governor on them in the last governorship election.
“Nigerians have not forgotten that few weeks ago, Oshiomhole, who was an ardent attacker of ex-President Goodluck Jonathan’s reelection bid, glaringly admitted in the face of teeming crowd in Abuja, that the APC government he helped to impose on Nigerians has failed in all ramifications and that the former President left a very good legacy for Nigeria than any other President in history. He said he had attacked him only because of political differences.
“For the records, Anambra provided security agencies with range of support, including provision of more than 500 security vehicles. Abubakar Mohammed, the former IG of Police, praised Anambra for not experiencing a bank heist in the final three years of Obi’s government due to the state’s amazing security development.
“Obi changed the local vigilante system such that neighbourhood watch organisations now collaborate with the police and are closely supervised.”
DELTA State governor, Ifeanyi Okowa, has cleared the air on the legal action within PDP in the state that has been misconstrued to be a destructive crisis among rank and file of the party.
Okowa said the former Deputy National Chairman of the party, Chief Bode George, entirely missed it to have said Delta as a key PDP stronghold was in crisis.
He expressed delight that Olorogun David Edevbie, who contested and came a distant second in the credible primary election of the party, sought redress over his grievance in a civilised manner in court.
He said the litigation against the winner, Sheriff Oborevwori, Speaker of the state’s House of Assembly, was on alleged certificate forgery and not against his defeat or the peaceful conduct of the primary election.
His Chief Press Secretary, Olise Ifeanjika, who reacted to questions on the outburst of George, yesterday, said the chieftain goofed.
He said: “What is going on in Delta PDP is the beauty of democracy in action. There is no crisis in Delta PDP. When the legal fireworks is over at the Supreme Court, all the party faithful will close ranks and work to deliver all their candidates to retain the state for PDP, which the state is known for since the advent of democracy in 1999.”
MEANWHILE, as the crisis ravaging PDP over insistence of Rivers State governor, Nyesom Wike, on the resignation of the national chairman of the party, Iyorchia Ayu, chairman, Board of Trustees (BoT), Aldophus Wabara, yesterday, arrived Yola and went into a marathon meeting with Adamawa State governor, Ahmadu Fintiri, to find a lasting solution to the crisis.
The PDP state chairman, Alhaji Abubakar Shehu, who confirmed the arrival of Wabara to The Guardian, said he was on his way to join the governor at the meeting.
Sources at the meeting disclosed that the BoT chairman has selected close allies of Wike to visit them and seek for their intervention.
Wabara will meet with the Benue State governor, Samuel Ortom, today, in Makurdi, in continuation of his search for solution. (The Guardian)
Photo: Chairman, Printing, Publishing and Allied Group, Lagos Chamber of Commerce and Industry (LCCI), Princess Layo Okeowo-Bakare (left); Principal Consultant of DRNL Consult Ltd UK, Mrs. Ronke Onadeko; President, LCCI, Dr. Michael Olawale-Cole, CON; 2023 presidential candidate of Labour Party, Peter Obi; Vice President, LCCI, Prince Abimbola Olashore and moderator of the event, Chairman, LCCI Economics and Statistics Committee, Dr. Ayo Teriba during the private sector forum on 2023 Presidential Election with Labour Party’s candidate at Commerce House, Victoria Island, Lagos…yesterday.
Politics
2027 Presidential Poll: NDC endorses Obi, names Kwankwaso running mate, vows to end insecurity
The Nigeria Democratic Congress (NDC) has officially endorsed former Anambra State governor and 2023 presidential candidate, Peter Gregory Obi, as its presidential candidate for the 2027 general election.
The affirmation took place at a special convention held in Abuja on Saturday, where party delegates and leaders ratified Obi as the party’s flagbearer.
The motion for his endorsement was moved by Senator Victor Umeh and seconded by former Deputy Senate President, Ovie Omo-Agege.
Moments after his endorsement, Obi announced former Kano State governor, Senator Rabiu Musa Kwankwaso, as his running mate, describing him as a genuine partner in governance rather than a ceremonial deputy.
In his acceptance speech, Obi thanked party leaders and supporters for the confidence reposed in him and reaffirmed his belief that “a New Nigeria is possible.”
“I humbly accept this responsibility as the presidential candidate of our party,” Obi declared.

He expressed gratitude to party leaders, including Senator Seriake Dickson, members of the National Working Committee, and supporters who travelled from across the country to witness the convention.
“This moment is bigger than my personal ambition,” Obi said.
“It concerns the soul of our nation and the future of our children. It is about restoring hope to millions of Nigerians who have endured hardship but remain committed to the promise of this country.”
Obi painted a grim picture of Nigeria’s current realities, citing insecurity, economic hardship, unemployment, and declining public confidence in governance.
“Families are anxious about their safety, parents fear for the future of their children, and talented young Nigerians increasingly doubt the possibility of opportunity in their own country,” he said.
“Businesses are struggling, communities are hurting, and many citizens have lost faith in governance. Yet, I stand here filled with hope and confidence in the resilience of our people because a New Nigeria is within reach.”
The NDC presidential candidate outlined key policy priorities for his proposed administration, including security, national unity, power supply, healthcare, education, and employment generation.
On youth unemployment and economic development, Obi stressed the need for urgent intervention.
“Our vast pool of talented youth remains significantly underemployed. The official unemployment figures do not reflect reality. The actual rates of unemployment and underemployment exceed 30 percent, while youth unemployment is above 40 percent — among the highest globally,” he said.
To address the challenge, Obi pledged support for micro, small and medium enterprises (MSMEs) through tax incentives, affordable credit, and improved access to financing in agriculture, manufacturing, entertainment, sports, and distribution sectors.
“These interventions will be measurable, transparent, and accountable,” he assured.
Addressing corruption and governance costs, Obi promised prudent and transparent management of public resources.
“Nigerians will witness a measurable reduction in corruption and the basic costs of governance,” he stated.
“Public funds will be managed with transparency, prudence, and accountability to ensure every naira delivers value to the people.”
He further pledged to strengthen democratic institutions and promote tolerance of political opposition.
“Democracy under our leadership will reflect true government of the people, by the people, and for the people — free from interference by the ruling party,” Obi said.
“We will cultivate a culture of respect for opposition parties and encourage constructive collaboration in governance.”
The endorsement of Obi and the emergence of an Obi-Kwankwaso ticket are expected to significantly shape Nigeria’s political landscape ahead of the 2027 presidential contest.
Politics
Turaki-led PDP outsmarts Wike, changes convention venue after police barricade, ratifies Jonathan as 2027 Presidential Candidate
The Turaki-led PDP changed the venue of its convention on Saturday and briskly ratified former president Goodluck Jonathan as its presidential candidate for the 2027 general election.
The move was after the group was barred by the police from accessing the A Class Hotel in Abuja, initially rented for its convention.
The event, which did not last more than 20 minutes, had an ally of Jonathan, Fred Agbedi, who received the certificate on behalf of the former president.
Other dignitaries present at the event included Prof Jerry Gana, Tanimu Turaki, Adolphus Wabara, and several others who are loyal to Turaki.
The police had used several of their vans to completely block the two access roads leading off from the Wuse and Maitama axis, into the premises of the previously rented event centre.
The blockage deprived access to both PDP members loyal to Turaki and other road users who have nothing to do with the planned convention

The development comes following Friday’s warning to hotels and event centres by the Minister of the Federal Capital Territory, Nyesom Wike, not to allow illegal political parties or organisations to use their resources for the sake of security in the FCT.
In response, the PDP, in a statement, accused Wike of attempting to halt its planned event.
According to the statement, the party said the management of A Class Event Centre informed it that pressure was being mounted on the venue to stop the gathering from taking place.
The PDP said it had already paid for the venue and fulfilled all conditions required for the programme.
The party also said security agencies had been notified of the convention scheduled for Saturday, May 30, 2026, in Wuse 2, Abuja.
The party insisted that the convention would proceed despite what it described as intimidation. (ChannelsTV)
Politics
NDC breached Electoral Act in FCT Senate ticket process – Aisha Yesufu
Activist Aisha Yesufu has accused the Nigeria Democratic Congress (NDC) of subverting the process for selecting the party’s Federal Capital Territory (FCT) senatorial candidate, saying she could not compromise her values in a process she described as unjust.
Yesufu made the allegation in a statement issued on Friday night, hours after announcing that the party would not be conducting primaries for the FCT Senate seat, effectively ending her bid for the ticket.
The activist had declared her intention to contest the race on May 6 after joining the NDC from the African Democratic Congress (ADC), saying her decision was inspired by the leadership experience she gained in her former party.
Her declaration came amid growing speculation that the party had already resolved to hand the FCT Senate ticket to another aspirant, Amanda Pam, who had been a member of the party before Yesufu joined.
Addressing supporters earlier on Friday, Yesufu urged them to remain calm and focus on the broader political objective ahead of the 2027 general election.
In a subsequent statement, however, she alleged that the process leading to the emergence of the party’s candidate was marred by injustice and violations of electoral guidelines.

“I understood what I was getting into. I knew that the quality of our politics has not yet risen to the occasion, that values-based candidates do not easily emerge by merit in a system built to resist them,” she said.
“But I made a decision going in: I would not compromise my values. I would stand for what is right. I did not leave advocacy to go into politics. I took advocacy into politics.”
Yesufu said she built her campaign on grassroots credibility and argued that the strength of her “SAY-Nation” movement altered the course of the party’s decision-making process.
According to her, the team became so formidable that the selection process “had to be taken out of the open and resolved through a clandestine affirmation behind closed doors.”
She further alleged that “what was billed as a primary was, in truth, a predetermined outcome dressed in procedural formalities”.
The activist claimed that the FCT senate primary process was repeatedly delayed, with venues changed at the last minute and party guidelines ignored.
“The delegate-based process was introduced to be conducted at a central location instead of direct primaries at Local Government headquarters,” she claimed.
“When the moment came, the contest was not decided by delegates in the open; it was affirmed in a closed room, away from the people whose voices it was supposed to reflect.”
She added that while the party may present the exercise as transparent, the events surrounding the process did not reflect fairness.
“The party may go on to release statements about the free and fair nature of the primary, but the facts that transpired, when weighed against conscience and the guidelines of the Electoral Act, do not reflect justice and fairness,” she said.
Explaining why she did not immediately challenge the outcome, Yesufu said she preferred to learn from the experience rather than become entangled in a lengthy grievance process.
“I ran to win. But when the process was subverted, I made a choice: I would not exhaust myself in a grievance process designed to wear people down. I chose instead to extract every lesson this experience had to offer,” she said.
“I now understand the architecture of the system in ways no textbook, no punditry, no amount of outside observation could ever teach.
“That knowledge is worth more than any petition I could have filed. I leave this process with something far more valuable than a ticket; I leave with clarity.”
Yesufu stressed that her account was limited to her experience in the FCT Senate contest and should not be interpreted as a reflection of events in other states.
Despite her criticisms, she maintained confidence in the party’s broader political role ahead of the 2027 elections.
“Despite its shortcomings, the NDC remains the only party that has given the best presidential candidate in the 2027 electoral cycle a platform to run,” she said.
The NDC had not issued an official response to the allegations as of the time of filing this report.Featured
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