Buhari, Jonathan, governors, Tinubu, others pay tribute to late Odumakin – Newstrends
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Buhari, Jonathan, governors, Tinubu, others pay tribute to late Odumakin

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President Muhammadu Buhari, ex-President Goodluck Jonathan, former Vice-President Atiku Abubakar, Asiwaju Bola Tinubu, governors and other prominent Nigerians in paying tribute to the spokesman for the Pan-Yoruba group, Afenifere, Mr Yinka Odumakin, who died on Saturday.

Buhari, in a condolence message signed by his Special Adviser on Media and Publicity, Mr Femi Adesina, described Odumakin as dutiful and a person of conviction.

Odumakin was President Buhari’s spokesperson when he ran for the 2011 presidential election on the platform of the defunct Congress for Progressive Change (CPC).

The President recalled Odumakin as “dutiful, and a person of conviction.”

He expressed sorrow at his demise “when he had a lot more to contribute to society and the nation at large.”

Buhari prayed God to “grant repose to the soul of the departed activist, and comfort all those who mourn him.”

Vice President Yemi Osinbajo also commiserated with the wife of the deceased, family and associates and prayed that the Lord will “comfort the family, and bless his memory always.”

Former President Goodluck Jonathan described the deceased as a great voice for equity and a courageous patriot.

“He was a great asset for just causes whose considerable contributions to the growth of civil society is not in doubt.

“He also acquitted himself as a seasoned journalist and columnist who promoted egalitarianism and social well-being, in his regular essays,” Jonathan said in a condolence message to the Odumakins.

He added, “Mr Odumakin exits this world with rich democratic credentials, having played active roles in the years of activism that birthed and stabilised civil rule in our country.”

Former Vice President Atiku Abubakar said the death of the human rights activist was a rude shock.

He said, “Much as our heart grieves over this unpleasant development, we must take solace in accepting it as an act of God and acknowledge the fact that Yinka lived a life of purpose in defence of the ordinary people of this country and to enthrone a better Nigeria.”

The Chief Edwin Clark-led Southern and Middle Belt Forum of Nigeria described Odumakin as a fearless and courageous nationalist.

The group in a condolence message signed by Chief Clark, National Leader; Prof. George Obiozor, President-General, Ohaneze Ndigbo; Dr. Pogu Bitrus, President-General, Middle Belt Forum; and Senator Emmanuel Ibok-Essien, National Chairman, Pan Niger Delta Forum (PANDEF) said the news of Odumakin’s demise came to them as a rude shock.

They said Odumakin was a backbone who in the past few years worked tirelessly to give the organisation both national and international visibility and recognition.

They said, “Although he was an Afenifere chieftain, his commitment to building a Nigerian state where fairness, equity and justice reigns was unparalleled.

“For Southern Nigerian and Middle Belt Forum, Yinka was a backbone who in the past few years worked tirelessly to give the organisation both national and international visibility and recognition. He also brought clarity and common understanding to the problems bedeviling our country, aimed at providing timely solutions to them.

“Yinka has etched his name in steel in the anal of Nigerian history. He will, therefore, be remembered by all citizens as one of our greatest citizens ever.”

Aare Ona Kakanfo of Yorubaland, Chief Gani Adams, called him a gem and a dependable ally.

He said, “We’ll all miss his voice. We’ll miss his commitment, we’ll miss is bravery because the late Yinka Odumakin’s fearless image loomed larger than what we can easily forget in a hurry.”

The Arewa Consultative Forum (ACF) said much as its own views were always in disagreement with those of the interest represented by the deceased, their differences were  “on principle and not personal.”

The ACF National Publicity Secretary, Emmanuel Yawe, said, “We had hoped that Odumakin would live long enough to work for and see the new day. His death today has robbed us of that opportunity.”

The Peoples Democratic Party (PDP) said, “The death of Odumakin is a huge loss to the nation and particularly the PDP, given his erudite contributions to national dialogue and relentless commitment towards the development of democratic ethos in our country.

“Odumakin was consistently focused in fighting for a nation in which the principles of equity, fairness and justice will thrive in every sphere of our national life.”

He lived a selfless life –Sanwo-Olu

Lagos State Governor Babajide Sanwo-Olu, said, “Odumakin was undoubtedly a great nationalist, passionate leader and champion of a true Nigeria that would work for every citizen.

“Odumakin as civil rights activist was selfless. He spent the greater part of his life in the service of humanity, particularly the emancipation of the Yoruba people, the development of the South West region in particular and the nation in general.

“He stood firmly behind the attainment of constitutional democracy and fiscal federalism as the basis for sustainable development and lifting the masses out of poverty.”

A nationalist who gave his all — Akeredolu

Governor Rotimi Akeredolu of Ondo State said, “His roles in the enthronement of popular democracy as well as his fiery advocacy for the rule of law remain undoubtedly legendary.

“We recall his fiery beginning in the struggle as the Publicity Secretary of Obafemi Awolowo University Student Union where he discharged his duties creditably.

“He represented a memorable era having participated actively in the passion and action for a better Nigeria in his lifetime. Those left behind will find great inspiration in Yinka’s legacies to continue with the struggle.”

Fayemi: He was a man of the people

Governor Kayode Fayemi of Ekiti State said, “This is a very sad day. The Yoruba and indeed Nigeria have lost an illustrious son, a voice for the voiceless, a fearless and dogged fighter, and a leader who loved and served his people passionately.

“For me, Yinka’s death is a personal loss. He was not just my comrade in the democratic struggle, he was a brother and a friend. He was firm in his conviction, focused and progressive-minded. Even when we disagreed, he was never disagreeable.

“Our thoughts and prayers are with Joe, his widow, members of his immediate family, associates, and the leadership of Afenifere, at this trying period. We pray that God grants him eternal rest and gives the family the fortitude to bear the irreparable loss.”

A dependable ally of the masses – Olurode

Lai Olurode, former National Commissioner of INEC and a professor of Sociology at the University of Lagos, said the passing Yinka Odumakin is a devastating loss to the progressive camp and to all lovers of a great and peaceful Nigeria.

He said the deceased was a dependable ally of the masses who was consistently committed to a great but restructured Nigeria.

Olurode said, “He was a dogged and committed fighter for causes that he believed in. And really, he was committed to fighting against whatever would rob off negatively on the masses, no matter their ethno-religious identity.”

He also said Odumakin was “unrelenting and consistent in the pursuit of truth. He had no permanent friend except in what is just, fair and right.

“The last time he was in touch with me was a couple of weeks back and in respect of the death of yet a greater Nigerian, Alh. Lateef kayode Jakande. He wanted some clarifications about LKJ’s unbelievably Spartan life, which I obliged him. May the soul of Odumakin rest in peace and may God be with his wife, Dr. Mrs. Joe Odumakin and the children he left behind.”

Pro-democracy Movement declares 7-day mourning

The Convener of the June 12 Pro-Democracy Movement of Nigeria, Olawale Okunniyi, announced a seven-day mourning for the loss of Odumakin.

Okunniyi said Yinka Odumakin was one the fiercest and most prolific comrades of the Pro-Democracy Movement in Nigeria, who fought the cause of a just and equitable Nigeria and therefore deserved to be immortalised by the Pro Democracy Movement.

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FG announces plans to borrow N13.8tn for 2025 budget

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FG announces plans to borrow N13.8tn for 2025 budget

ABUJA—THE Federal Executive Council (FEC) yesterday approved a budget proposal of N47.9 trillion for the 2025 fiscal year and borrowing of N13.8 trillion.

The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while briefing State House correspondents, at the end of the Council meeting, presided over by President Bola Tinubu at the Presidential Villa, Abuja.

The approval is part of the Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, for 2025-2027, by the Fiscal Responsibility Act of 2007.

The framework is expected to be submitted to the National Assembly as required by law, either on Friday or Monday.

Bagudu outlined several key parameters that will guide the 2025 budget based on economic projections and government priorities. These include a projected Gross Domestic Product (GDP) growth rate of 4.6% for 2025, an oil price benchmark of $75 per barrel and an exchange rate of N1.400 to $1.
Additionally, the government anticipates oil production at 2.06 million barrels per day.

In terms of fiscal strategy, the budget assumes that the government will borrow approximately N13.8 trillion — about 3.87% of the GDP — to fund key infrastructure projects and economic initiatives.

Bagudu emphasized that this borrowing is part of a strategic plan to balance government spending with sustainable debt management.

The Minister further noted that “the Nigerian economy is showing signs of resilience, with a 3.19% growth rate recorded in the second quarter of 2024.

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This growth is expected to continue through 2025, driven by efforts to tackle inflation and stabilize key economic sectors.”

Bagudu lists the aims of fiscal policies

He stressed that the Federal Government’s fiscal policies are aimed at strengthening economic resilience, continuing to address inflationary pressures, and providing more targeted support to drive long-term growth.

Bagudu also highlighted that the implementation of the 2024 budget was progressing well, with significant improvements in revenue collection and expenditure management, despite some delays in achieving pro-rated targets.

“Non-oil revenue streams, in particular, have performed better than initially expected, showing promising progress.

The N47.9 trillion proposed budget for 2025 includes various provisions, particularly in areas such as infrastructure development, social programs, and critical national projects.

Bagudu also revealed that for the first time, the government’s budget will include contributions to the development commissions that had recently been passed or were in the process of being passed by the National Assembly.

“These measures are designed to strengthen the country’s social and economic development at the grassroots level.”

He further noted that the federal government is committed to ensuring that the 2025 budget is passed and signed into law before December 2024, in order to create a predictable fiscal environment and adhere to the January-December budget circle that the administration aims to implement moving forward.

In addition to approving the 2025 budget, the FEC also endorsed the 2025-2027 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Papers, FSP, which outline the government’s long-term fiscal policies and strategies for achieving sustainable growth.

These documents will now be sent to the National Assembly for further review.

Bagudu emphasized that the MTEF and FSP provided the necessary roadmap for the government’s fiscal policy over the next three years, ensuring that public finances remained on a sound footing and that economic growth targets were met.

He expressed confidence that Nigeria’s economic trajectory was moving in the right direction, with positive growth recorded in key sectors.

He stressed that the government’s macroeconomic policies, particularly in the areas of market-driven pricing for petroleum products and foreign exchange, are contributing to the country’s overall economic stability.

“The fiscal efforts are on track, and we are confident that with these strategic investments and reforms, Nigeria will continue to make progress toward a more resilient and sustainable economy,” he declared.

Experts fault govt’s budget assumptions

Economy experts who spoke to Vanguard, however, faulted the budget assumptions, describing some of them as too aggressive.
In his comment, David Adonri, Analyst and Executive Vice Chairman at Highcap Securities Limited said : “One thing that bothers me is the failure of FGN to attach a report of the performance of the previous budget while seeking for approval of the new budget.

“Historical antecedents will let us know whether the assumptions underlying the new budget are reasonable.
“How will FGN finance the budget? Is it still a deficit budget like on previous occasions? There is nothing on ground to indicate that GDP growth rate of 4.6% is attainable in 2025.

“The omission of the forecast for inflation is questionable because the intended GDP growth may just be an inflationary growth which is akin to motion without movement.

“With Donald Trump’s agenda to release more fossil fuel from 2025, the crude oil price forecast may be misleading.

‘Finally, predicating the budget on a crude oil-driven economy shows that budgeting by FGN has not departed from past ruinous economic philosophy.

“It is too pedestrian for a country that should be inward-looking and focused on the mobilization of the idle factors of production in the country.”

On his part, Tunde Abidoye, Head of Equity Research FBNQest Securities Limited, said: “I think that some of the assumptions are a bit aggressive.

“The oil production benchmark of 2.06mbpd looks very ambitious given the current realized oil production level of around 1.3mbpd (ex-condensates), per NUPRC data.

“The exchange rate and GDP growth rate projections are also a bit optimistic given the current exchange rate is N1,650, and the strain on household wallets.

“However, although I think the oil price benchmark is realistic, there are potential downside risks arising from the anticipated ramp up of oil production by the US following President Trump’s victory at the polls.”
Also commenting, Clifford Egbomeade, Public Affairs Analyst/ Communications Expert, said: “The proposed 2025 budget of N47.9 trillion, based on a $75 oil benchmark, 2.06 mbd production, and 4.6% GDP growth, sets ambitious targets given Nigeria’s economic climate.

“The oil production target assumes steady output levels, which may be impacted by infrastructure limitations. Moreso, the projected 4.6% GDP growth may be optimistic, as Nigeria continues to face high inflation, currency pressures, and unemployment.

“The budget includes N9.22 trillion in new borrowing, raising concerns about fiscal sustainability given the nation’s current debt servicing load. “The assumed exchange rate of N1,400 per dollar suggests continued devaluation, which could intensify inflationary pressures. Achieving this budget will require effective fiscal reforms and greater economic diversification to meet revenue and growth targets.”

Dissecting the proposed budget, Port Harcourt-based energy analyst, Dr. Bala Zakka, said: “Oil market is very volatile and absolute caution should be taken in the process of taking the benchmark price for the 2025 budget.”

On output, he said: “The federal government said it is currently producing 1.8 million barrels per day, including condensate. Like in the case of price, adequate caution should also be taken here. I strongly believe that stakeholders, including the government and investors should work harder to further increase the nation’s capacity to produce oil and gas.”

“The Gross Domestic Product, GDP, is all about the production of goods and services in an economy. With constant power supply disruptions, it has not been possible for households and businesses to participate in the economy. It is very doubtful if they will be able to increase investment to produce goods and services in 2025.”

FG announces plans to borrow N13.8tn for 2025 budget

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Edo Gov Okpebholo freezes govt accounts, reverses ministry’s name

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Edo State Governor, Monday Okpebholo

Edo Gov Okpebholo freezes govt accounts, reverses ministry’s name

Edo State Governor, Monday Okpebholo, has directed the immediate freezing of all state-owned bank accounts.

In a statement issued on Thursday by his Chief Press Secretary, Fred Itua, the governor stated that the accounts would remain frozen until further notice.

He instructed commercial banks, ministries, departments, and agencies (MDAs) to comply with the order immediately or face severe consequences.

The statement reads: “All state bank accounts with commercial banks have been frozen. Commercial banks must comply with this order and ensure that not a single naira is withdrawn from government coffers until further notice.

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“Heads of Ministries, Departments, and Agencies must ensure full compliance without delay.

“Following necessary investigations and reconciliations, the governor will take appropriate action and decide on the way forward. For now, this order remains in effect.”

Okpebholo also directed relevant agencies to revert the name of the Ministry of Roads and Bridges to its previous title, the Ministry of Works, a change made during the Godwin Obaseki administration.

“It is odd to name a government institution the Ministry of Roads and Bridges, especially when not a single bridge was built by the previous administration — not even a pedestrian bridge.

“In the coming days, we will examine further actions taken by the previous administration and make decisions that serve the best interests of the state,” the statement added.

 

Edo Gov Okpebholo freezes govt accounts, reverses ministry’s name

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Israel-Palestinian conflict: Two-state solution is a deception, says Gumi

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Prominent Islamic scholar Dr. Ahmad Mahmud Gumi

Israel-Palestinian conflict: Two-state solution is a deception, says Gumi

Prominent Islamic scholar Dr. Ahmad Mahmud Gumi has criticized the widely discussed two-state solution for the Israel-Palestine conflict, calling it a “deception.”

His remarks followed a recent summit of the Organisation of Islamic Cooperation (OIC) in Riyadh, where President Bola Tinubu and other leaders condemned Israel’s actions in Gaza and urged an end to hostilities.

In an interview with Daily Trust at his Kaduna residence, Gumi argued, “This Two-State Solution is a deception. No Israeli will allow a Palestinian to survive, and Palestinians will never allow Israel to survive.

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The only solution is to dissolve the two states and create a democratically electable region.”

Gumi commended the OIC’s support for Palestine, noting that Muslims and Arabs worldwide increasingly see the treatment of Palestinians as “genocide” and accuse Israel of human rights abuses.

He also called for a return to the pre-1948 structure, where Palestinians, Jews, and Christians lived together, suggesting a single, inclusive state that allows peaceful coexistence.

“When I hear people talking about Two-State Solutions, I know they are just deceiving themselves,” Gumi added, advocating for a unified region where people of all faiths can live together, similar to the multi-faith coexistence seen in countries like the United States.

 

Israel-Palestinian conflict: Two-state solution is a deception, says Gumi

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