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Stop Accumulating Debts For Future Generations, Obasanjo Tells Buhari

Obasanjo

Stop accumulating debts for future generations, Obasanjo tells Buhari

Former President Olusegun Obasanjo, has warned President Muhammadu Buhari to stop taking external loans as his administration is accumulating debts for the future generations.

Obasanjo who spoke on Sunday at an event in South Africa, faulted the federal government’s plan to source fresh external loans, insisting that if the existing debts are left unserviced or unpaid, it might become a problem for successive governments.

He added that the “FG was accumulating debts for the next generation, which is a criminal act.”

While noting that borrowing is not in itself a problem, the former president said that the problem with such massive borrowing is when there are no specific plans or the capacity to pay back

“If you want to build a commercial house and you go and borrow money, and you have 50 percent of your own money, and you borrow 50 percent and in five years, you pay the 50 percent that you borrowed. That is a wise thing to do,” he said.

However, the former leader said borrowing for recurrent expenditure is the height of folly for any nation, or even as an individual.

“But if you have to go and borrow money for you to be able to feed yourself and your family, that is a stupid thing to do.

“So, if we are borrowing for recurrent expenditure, it is the height of folly. If we are borrowing for development that can pay for itself, that is understandable. Then the payment, how long will it take to pay itself?

“But we are borrowing and accumulating debt for the next generation and the next generation after them, it is criminal, to put it mildly. What are we borrowing for?”

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MFM Varsity Name Founder, Olukoya Professor

The General Overseer of Mountain of Fire and Miracles Ministries, Dr Daniel Olukoya, has been appointed by Mountain Top University, MTU as a professor of Biotechnology.

In a statement on Wednesday, the university said that the  appointment of Olukoya, who is also the university’s Chancellor, was a result of the positive consideration shown by a relevant review by the council and the assessments of his publications by some of the world’s best scholars in biotechnology.

The statement read, “This is the result of the positive consideration given by relevant review committees and the Council of the University following the assessments of his publications by some of the world’s best scholars in Biotechnology, each of whom found him to be eminently appointable as Professor of Biotechnology.

“It needs to be underscored that this appointment is indeed well-deserved by Prof. D. K. Olukoya, who is an epitome of all-around excellence.

“He also engaged himself as a distinguished researcher and exceptional geneticist at the Nigerian Institute of Medical Research between 1984 and 1998, during which he produced more than 70 scientific publications in the best local and international journals in the area of Microbiology and Biotechnology.

“He has also been cited more than a thousand times by scholars across the world.

“Not only has the new Professor of Biotechnology cut a niche for himself among eminent scholars in Microbiology and Biotechnology across the world, he has equally supervised many postgraduate students and continues to serve as a mentor and motivator to many Nigerian Microbiologists and Biotechnologists, many of whom have risen to professorial cadres in universities in and outside Nigeria.”

The statement added that Olukoya was severally offered the position in the 1990s by many universities, saying he chose to pursue his ministerial calling as directed by God.

 

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INEC Says 132, 626 Voters Cards Uncollected In Anambra

The Independent National Electoral Commission (INEC) has disclosed that 132,626 Permanent Voter Cards (PVC) are yet to be collected in Anambra State.

The commission added that it has relocated six local government area collection centres in the state, as a result of the insecurity ravaging most parts of the country.

The state’s Resident Electoral Commissioner (REC), Dr Queen Elizabeth Agwu, stated this on Wednesday, during a meeting with stakeholders at the state headquarters of the commission.

Agwu who addressed all the political parties representatives, traditional rulers and civil society groups said the local government areas where the relocation of collation centres took place include Ihiala, Nnewi South, Onitsha North, Orumba North, Awka North and Awka South.

She said:“The collection of PVCs has been extended to Saturdays and Sundays in Anambra State.

“We need enough security to carry out this function. If people fail to collect their PVC, they will be shortchanging themselves, and doing a disservice to the people of their area.

“The 2023 general elections will be free, fair and credible, not only in Anambra State but the entire country. We have done the necessary work, and we hope to deliver.”

She gave a breakdown of the figures of uncollected PVCs in most local government areas as follows:

Ayamelum – 1,960; Dunukofia – 6,222; Idemili South – 4’589; Anaocha – 885; Orumba South -6,656; Onitsha South – 12,274; Idemili North – 16,256; Aguata – 12675; Njikoka – 7,009; Ogbaru – 10,755 and Anambra East – 7,717.

Others are Nnewi South – 1,841; Awka North – 1,153; Anambra West – 1,387; Orumba North – 2,393; Oyi – 7,982; Onitsha North – 9,990; Ihiala – 4,058; Nnewi North – 8,700; Ekwusigo – 3,350 and Awka South – 4,971.

 

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Osun LP Guber Candidate, Lasun Rejoins PDP

Yusuf Lasun, a former deputy speaker of the house of representatives, has rejoined the Peoples Democratic Party (PDP).

The governor of Osun, Ademola Adeleke made the announcement on Wednesday at the PDP presidential rally in Osogbo, the Osun capital.

“The former deputy speaker has joined the PDP family. He used to be in PDP, but today, he has decided to come and join the PDP family,” the governor said.

Lasun, who was present at the rally, hailed supporters after a terse remark.

Lasun had contested the 2022 governorship election in Osun on the platform of the Labour Party (LP).

Adeleke came first in the election; Gboyega Oyetola of the APC placed second; Kehinde Atanda of the Action Democratic Party (ADP) came third; while Lasun came a distant fourth.

He was a member of the All Progressives Congress (APC) until February when he resigned from the party after losing the party’s governorship ticket.

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