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We Will Emerge Stronger If We Put Our Differences Aside – Peter Obi To Party Members

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Former presidential candidate of the Labour Party (LP) in the 2023 general election, Peter Obi has urged members of the party to put away their differences and work together in harmony.

The former Anambra governor made the call via his X account on Friday.

He stated that the party would emerge stronger if they were more united.

He stressed the need to move forward with a shared sense of purpose and vision.

Obi expressed confidence that the party would overcome the current crisis through open communication, empathy, and willingness to listen.

According to him, “We will successfully resolve our differences and emerge stronger and more united than ever. Our strength lies in greater unity for our common national good.

“I reiterate my earlier appeal for us to put aside our differences and work together in a spirit of harmony and mutual understanding.

CBN Interest Rate: Dangote’s Outcry Has Validated My Concerns – Peter Obi

Meanwhile, Peter Obi has stated that the recent outburst of billionaire businessman, Aliko Dangote has vindicated his earlier concerns about the negative effects of the monetary policy of the Federal Government.

Recall that Dangote had condemned the Central Bank of Nigeria’s (CBN) recent interest rate hike, which has approached nearly 30 percent.

He insisted that it is impossible for growth to happen with a 30 percent interest rate.

Weighing in on the matter, Obi argued that the country must urgently reverse the ugly trend.

He stated this via his X handle on Thursday.

The former Anambra State governor asserted that the development would hinder Nigeria’s movement from consumption to production, adding that it would also lead to further job loss.

Obi’s words, “Africa’s foremost entrepreneur and respected Nigerian businessman, Aliko Dangote’s recent outcry against the current interest rate of 30% underscores my earlier cry in February on the negative effects of the monetary policy of the present Federal Government.

“According to Dangote, no jobs will be created with such a high interest rate because there will be no growth in the economy. This has been my consistent position over time.

“In February this year, I argued against the decision of the Monetary Policy Committee to increase the MPR to 22.5% and the CRR to 45%, which, in my opinion, would further worsen the economic situation, as the increases would push interest rates on loans to above 30%, making it very difficult for manufacturers and MSMEs to borrow and repay.

“If Dangote, the richest person in Africa and foremost industrialist, can complain, then imagine the negative impacts of these policies on MSMEs, who are the engine of economic growth.

“To further understand the harsh economic environment that this monetary policy has exacerbated, the recent report from the Manufacturing Association of Nigeria (MAN) stated: ‘In 2023, 767 companies were shut down and 335 became distressed.

“The capacity utilization in the sector has declined to 56%; the interest rate is effectively above 30%; foreign exchange to import raw materials and production machines is scarce; inventory of unsold finished products has increased to N350 billion; and the real growth rate has dropped to 2.4%.

“These harsh economic policies, both on the monetary and fiscal sides, have continued to slow down our economic growth, drive multinationals out of the country, stifle our small businesses, and discourage the inflow of foreign direct investment.

“Again, I maintain that we must urgently reverse this ugly trend which is seriously resulting in further job losses, discouraging production in our nation, and has continued to hinder our movement from consumption to production.

“We need to reverse course and only initiate policies that can lead to growth and the birth of a new Nigeria.

“A New Nigeria is Possible.”

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POLITICS

PDP Disowns Ubolo As Member In Kogi

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The Peoples Democratic Party (PDP) has officially expelled Itodo Ubolo as a member of the party in the Ofu Local Government Area of Kogi State.

In a statement issued on Sunday by Hon. Isah Alhassan, who serves as the party’s chairman in Ofu Local Government and is acting on behalf of the ward chairmen, executive members, and key stakeholders of the party, it was announced that Ubolo is barred from being a member of the party.

Alhassan accused Ubolo of engaging in activities against the party before the 2023 November 11 gubernatorial election in Kogi State, highlighting that he acted independently to further his own interests while working for the Social Democratic Party (SDP).

He cautioned Ubolo to cease pretending to be a member of the PDP with the intention of gaining easy recognition in preparation for the upcoming party Congress in Kogi State.

According to him, “You have never been a consistent politician. A man who has changed four political parties within the space of four months.

“Don’t come with your co-travelers to disrupt the peace we are having in Ofu PDP since you and your unstable politicians left the party to join the All Progressive Grand Alliance, (APGA), Accord Party, APC and Social Democratic Party, (SDP) within four months.

“Just because of the recent Court of Appeal ruling affirming the election of Governor Usman Ododo as the winner of the November 11 Governorship election in Kogi State, you have now decided to move from SDP where you were made the Director General logistics and finance to start organizing PDP meetings in your hotel.

“You (Itodo Ubolo) and your co travelers are on a mission to disrupt our party’s upcoming Congress by fielding some of your members to purchase nomination forms to contest various positions across Kogi East.

“I Hon Isah Alhassan, the Divisional Chairman of Ofu Local Government and the entire Local Government Executives of our great party, PDP, say no to your plan.”

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‘You Have Become A Destructive Agent’ – Labour Party Directorate Blasts NLC Transition Committee

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The Labour Party (LP) Directorate on Mobilization and Integration has asserted that the Nigeria Labour Congress (NLC) National Transition Committee (NTC) has become a destructive agent seemingly working for the government.

World wide gist reports that the Directorate made this known while reacting to a statement purportedly released by the NLC NTC describing Julius Abure as the former National Chairman of the Labour Party.

The statement further directed party stakeholders to boycott the planned Congress organised by LP in Anambra, Imo, Delta and the Federal Capital Territory (FCT).

However, the LP Directorate, in a statement on Monday by its Director General, Marcel Ngogbehei, maintained that Abure remains the authentic National Chairman of the LP, confirmed by the Independent National Electoral Commission (INEC) and the party’s highest decision-making organ.

Ngogbehei described the purported statement by the NTC as childish, malicious and misleading, noting that the NLC does not have the authority to set up any transition committee for any party in the country.

He urged the LP stakeholders not to be distracted by the ill attitude of the NTC and to ensure that they fully attend the upcoming party congresses as announced by the Abure-led National Working Committee (NWC).

Ngogbehei also accused the NLC NTC of working with the government to demarket, weaken and prevent opposition parties like the Labour Party from holding the government accountable.

The LP Directorate added that NTC should engage the government to protect the interest of Nigerian workers and citizens rather than meddling in political affairs.

The statement read, “NTC has become a destructive agent seemingly working for the government to eliminate any perceived opposition structures in the country; the citizens are groaning under government policies that has left the Nigerian Workers more poorer; rather than the current NLC to learn from the Oshiomole years of courageous leadership and engage the Government to protect the interests of Nigerian workers and the citizens at large, they are busy meddling into political party affairs, attempting to demarket the only true opposition party in the country.” 

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Anyim’s Exit Will Not Sink PDP In Ebonyi – PDP Chieftains

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Peoples Democratic Party (PDP) chieftains have dismissed suggestions that the defection of Anyim Pius Anyim would affect the party’s chances in Ebonyi State.

The former Senate president and Secretary to the Government of the Federation, Anyim Pius, defected from the main opposition PDP to the ruling All Progressives Congress (APC).

PDP Former National Publicity Secretary, Kola Ologbondiyan and former PDP Acting National Secretary, Remi Akitoye, said the exit of Anyim would not affect the party or lead to the collapse of the main opposition.

In separate interviews with Independent Nigeria, the two former members of the PDP National Working Committee (NWC) said the next general election would make so many defectors regret their exit from the party.

PDP former spokesman, in reaction to Anyim’s exit impact on Ebonyi PDP and national party chances in elections, said, “Nobody can collapse PDP. Leaders who are dissatisfied can leave the party but that doesn’t amount to collapsing the party’s structure because the party exists in every polling unit.

“Like you know I’m not the spokesperson of the party. I think that what Anyim has done is honourable. If you think that you don’t have space in the environment, you take your leave.

“That is what he has done instead of staying there and fooling the people. It’s more honourable as far as I’m concerned.”

On his part, PDP’s former National Secretary said, “This is the time a lot of people are playing politics with bitterness.

“I think by next year politics will come to the forefront and things will settle. I’m sure a lot of people who have left now may wish to come back to PDP. Nobody will drive them away.

“Definitely by next year there will be a lot of returnees, that is politics and I believe that it’s good for our democracy at the moment.”

Akitoye said Ebonyi PDP would rise back to build. He said one person could not be dictating for the state’s PDP branch.

We cannot see it as a destruction. One person cannot be talking for the whole of Ebony State. If I decide to go to the APC I may even decide to say that I’ve brought 20 million people.

“I’m sure that within one or two days people from Ebonyi State will start reacting to the comment. They’ll say, no, let him go with his people, we’re still on ground,” Akitoye said.

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