President Muhammadu Buhari has appealed to the opposition Peoples Democratic Party (PDP) to join hands…
Former President, Olusegun Obasanjo, has said Nigeria faces the risk of impending bankruptcy, over the continuous accumulation of debt by the government.
Obasanjo stated this while speaking as a keynote speaker at the ‘Why I am Alive’ campaign on Friday in Lagos.
According to him, the piling up debts would leave a burden for future generations, who would have to pay such loans.
Obasanjo said as at 2015, Nigeria’s total external debt was about $10.32bn. By March 2019, he claimed the country’s external debt had increased to $81.274bn.
“Such a situation talks about an impending bankruptcy. No entity can survive while devoting 50 per cent of its revenue to debt servicing.
“It has recently been pointed out that in 2018 that total debt servicing took over 60 per cent of government revenue.
“What’s more, we are not doing enough to address the fundamental, deep-seated and structural challenges that inhibit the expansion of our economy,” Obasanjo said.
Obasanjo added that to worsen matters, the current administration was currently seeking to add another $29.6bn loan to“our already overburdened debt portfolio.”
PDP Reacts To Dethronement of Sanusi As Emir of Kano
The Peoples Democratic Party (PDP) has called the dethronement of Emir Muhammad Sanusi II, by the Kano state government a huge political blunder.
The PDP in a statement by its National Publicity Secretary, Kola Ologbondiyan, stated that the timing of the action is worrisome.
The statement read: “The PDP however calls for calm and circumspection from all quarters, especially, given the security and political stability concerns in our nation.”
Recall that the State Government dethroned Muhammad Sanusi II over what it described as disrespect of lawful instructions from Governor Abdullahi Umar Ganduje of Kano State and other lawful authorities.
Just few hours after he was removed, a new Emir, Aminu Ado Bayero, was immediately appointed by the state government as the 15th Emir of Kano to replace Sanusi.
The Peoples Democratic Party further noted the deposition of Emir Muhammad Sanusi II by the Kano state government at a time that the nation is battling worsening insecurity challenges shows the insensitivity and poor appraisal of core national stability issues by the All Progressives Congress (APC) administration.
The PDP, however called for calm and circumspection from all quarters, especially, given the security and political stability concerns in the nation
Women Exchange Blows Over Toilet Roll As Coronavirus Causes Shortage
A video has surfaced online showing the moment three women physically assaulted each other over a pack of toilet rolls as Coronavirus causes shortage.
The incident, according to reports, happened in Australia as citizens of the country are stocking up on supplies just in case the worst happens and it is leading to altercations.
The video shows one of the women with a trolley stacked with packs of toilet rolls in a shopping centre and the other woman wanted only one pack but she wouldn’t agree.
As she also desperately needed some of the scarce product, she insisted to get one at all cost, resulting in an altercation and physical attacks.
The Australian police have charged the women over the fight.
More than 102 000 people have been infected and the death toll keeps increasing by the day.
Former President Obasanjo Speaks On Removal Of Sanusi As Emir of Kano
A former President, Olusegun Obasanjo has broken his silence following the dethronement of Sanusi as the Emir of Kano. Recall that Governor Abdullahi Ganduje-led governement on Monday dethroned Sanusi as Emir of Kano for being disrespectful to lawful authorities.
Reacting, Obasanjo in a statement he personally signed on Monday, said Sanusi’s dethronment was good and bad. According to him, the dethronment is good because Sanusi has paid the price.
The statement, which was shared by Senator Dino Melaye on Twitter reads, “I woke up this morning and after my morning exercise and meeting with my staff, I heard the sad and good news of your removal by the Executive Counicl of the Kano State Government.
“It is sad because it is underserved, it is good because you have paid the price. My prayer is that God should give you the fortitude and the courage to continue in the path that you have chosen for yourself in the best interest of our country and humanity.
“Please accept, Your Royal Highness the assurance of my highest consideration.”
Meanwhile, one of the sons of late Emir of Kano, Ado Bayero, Aminu Ado Bayero was immediatemy named as the 15th Fulani Emir of the state.