Nigeria in deep financial crisis – Oshiomhole

“I don’t know if the Federal Government is broke, but I know there is a serious financial crisis and it is unprecedented in the history of this country. That, for the first time since 1999, allocations can no longer come as and when due to states is shocking.” With these words, Governor Adams Oshiomhole of Edo State painted a gloomy picture of the nation’s financial situation. He added: “I have been involved in trying to understand what the reasons are and I have not seen anything yet. Two years ago, it was about the kind of money we were spending on subsidy. In no time, following series of probes and enquiries by the National Assembly and by the Presidency, they have since discovered the kind of money they stole as regards subsidy, all the people that conspired with them and I believe the EFCC is dealing with that.

oil rig

Revenue formula: Oil communities seek 30% derivative fund, direct payment to communities

The Oil and Gas Producing Communities in Nigeria yesterday called for an upward review of the derivative fund to 30 per cent. They also made a strong case for direct payment of the fund to benefitting communities. The communities also demanded for the replacement of the Niger Delta Development Commission (NDDC) and its state equivalents with the National Derivative Fund Committee and State Implementation Committee to oversee the management of the fund. These were some of the recommendations at the Southwest zone public hearing on the review of revenue allocation formula in Ibadan, the Oyo State capital. The Ondo State Chapter of the Concerned Youth Advocacy Movement of Oil and Gas Communities of Nigeria presented grim details


Tukur must go, President must drop 2015 ambition, says Aliyu

Chairman of the Northern States Governors Forum (NSGF) and governor of Niger State, Muazu Babangida Aliyu, at the weekend said though there is a prevailing ceasefire between the Presidency and the G-7 governors, the latter have not traded off their conditions for a peaceful resolution of the Peoples Democratic Party (PDP) crisis. He spoke in Kaduna during the official commissioning of ‘Liberty Radio’. Aliyu said a ceasefire had only been declared to enable the party dialogue and see the possibility of amicable settlement of the matter. Aliyu who is one of the G-7 and a member of factional new PDP, noted that being men of honour and northerners who respect agreement, the northern governors who form the nucleus of the G-7 have accepted to honour the outcome of the September 17, 2013 meeting held at the Aso Villa with the President.


North not afraid of national confab – Arewa Leader •It’s a waste of time – Shehu Sani

Northern leaders on Saturday in Kaduna said that the region was not afraid of the National Conference, but that it would be an avenue to galvanize people to articulate their positions for future national development. Governor of Niger state and Chairman, Northern Governors Forum, Dr. Mu’azu Bababgida Aliyu, who spoke at the official commissioning ceremony of Liberty Radio 91.7FM station, Kaduna, appealed to all Northerners to participate fully in the dialogue. He added that the Sir Ahmadu Bello Memorial Foundation was organising a committee on behalf of Northern Governors to look at some of the issues that may come up for discussion at the conference. However, civil rights activist, Malam Shehu Sani said on the occasion that the National dialogue was a waste of time and a clear diversion from the nation’s problems.


World Igbo Day, Ohaneze Ndigbo and Parochial Interests

Annually, the Igbo-speaking people in Nigeria set aside 29th September to mark and commemorate the vision of its founding fathers. This year’s event took place at the Michael Okpara Square, Enugu which witnessed the presence and participation of seven states that comprises of Ohaneze Ndigbo. IFEANYI EZUGWU writes on the significance of the event while unraveling the primordial sentiments that marred the celebration.Historically, people are bounded to each other or group stemming from cultural affinity, tongue, tribe and tradition which distinguishes them from the larger society thus entrenching a deep rooted identity on them as an entity.Premised on the foregoing, the Igbo-speaking people in Nigeria came together in 1976 to establish the apex Igbo socio-cultural body, Ohaneze Ndigbo. Seven states coalesced to form the umbrella body. The sates are; Enugu, Imo, Rivers, Delta, Abia, Ebonyi and Anambra.