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Osun APC in disarray as Oyetola, Aregbesola battle for supremacy
The supremacy battle between the Governor of Osun State, Adegboyega Oyetola, and his predecessor, Rauf Aregbesola, minister of interior, over the control of the structure of the state chapter of the All Progressives Congress has assumed a dangerous dimension.
The party has split into two and both camps are flexing political muscles to gain popularity.
The Aregbesola camp is known as The Osun Progressives (TOP) while Oyetola’s camp is known as Ileri Oluwa. During his campaign in 2018, Oyetola used Ileri Oluwa as his identity. It has since become a movement.
Some members of the party loyal to Aregbesola said only members of the Ileri Oluwa movement got political appointments in Oyetola’s administration, while they were sidelined because of their relationship with the former governor. They alleged that any member who wants to benefit from Oyetola’s government must not be seen to support Aregbesola.
Being fully aware of the treatment meted to his followers, the minister was able to get political appointments for some of them at the federal level. At a point, those loyal to him were tagged ‘Abuja people’ while those loyal to Oyetola were seen as Osun-based.’ That was how the division started among the party members.
Political observers in the state said the rift between the two politicians could be dated back to the 2018 governorship election as Oyetola was not Aregbesola’s preferred candidate to take over from him despite the fact that he served as his chief of staff for eight years and they had a good relationship. Oyetola was, however, allegedly imposed on the party by a former governor of Lagos State, Asiwaju Bola Tinubu; and Aregbesola accepted because he could not say no to his directive. As a result of this, it was believed that the minister did not work hard for Oyetola’s victory during the election.
Also, it was said that Oyetola did not support the nomination of Aregbesola for the ministerial appointment, upturned some his policies and made efforts to curtail his dominance on the party. At that point, the crisis was becoming serious, but both sides pretended as if there was no problem.
The former acting national chairman of the party, Chief Bisi Akande, made efforts to reconcile the two political gladiators severally, to no avail. Eventually, the chairman of the party in the state, Prince Adegboyega Famodun and some executive members of the party became loyal to Oyetola, while the secretary, Alhaji Rasaq Salinsile and others pitched tent with Aregbesola.
The bubble eventually burst during the recent ward congresses of the party. While those loyal to the governor said they preferred a consensus arrangement, those in the minister’s camp insisted that there must be an election to determine their representatives at that level.
Consequently, those in Aregbesola’s camp alleged that the governor and the chairman of the party wanted to impose the consensus arrangement on them, saying it was designed to edge out the minister from the control of the party in the state.
To register their displeasure, some women and youths in the party staged a peaceful protest in major streets of Osogbo, the state capital, lamenting that the consensus arrangement would disenfranchise them. The protesters, led by Rasheed Raji, said the chairman of the electoral panel on the congress, Senator Gbenga Elegbeleye, connived with Governor Oyetola and Famodun to compromise the process in their favour.
But Elegbeleye, during a meeting with APC stakeholders at the Government House, debunked the allegation, saying he arrived Osogbo late due to a delay in flight from Abuja, as against the rumour that he refused to allow those in Aregbesola’s camp to obtain forms for the ward congress. He promised that the committee would do everything possible to champion transparency, accountability and fairness.
During that meeting, leaders of the party and political officeholders present supported consensus arrangement. Those who attended the meeting included Governor Oyetola, three former deputy governors, Senator Iyiola Omisore, Prince Sooko Adewoyin and Mrs Titi Laoye-Ponle, the senator representing Osun Central, Dr Basiru Ajibola; Speaker of the State House of Assembly, Timothy Owoeye and the state chairman of the party, Prince Famodun
Speaking during the meeting, Governor Oyetola said consensus was adopted to prevent rancour and appealed to members of the party in the state to conduct themselves peacefully during the process.
“Congress is a way of electing new officers of the party and it shouldn’t generate any crisis. The national leadership of the party asked us to adopt consensus to avoid rancour. The presence of all the stakeholders in this meeting shows that the party is formidable,” the governor said.
The chairman of the party also said, “As recommended by the national secretariat, we have adopted consensus in Osun for the purpose of the smooth running of the party. Things have been properly done. Our homework has been done properly. Our fathers and leaders have scrutinised the 332 wards we have in Osun. We have concluded the exercise.”
Senator Ajibola Basiru also affirmed his support for consensus but suggested that elections should be conducted in the wards where there were contenders so that everyone would be given equal opportunity.
On the day of the congress, names of consensus candidates were read and ratified across the state, but those in Aregbesola’s camp insisted on election, not consensus. As a way of seeking redress, the aggrieved members forwarded their petition to the Ambassador Obed Wadzain-led appeal committee, which was set up by the national body of the party.
During the sitting of the appeal committee at the party’s secretariat in Osogbo to meet the petitioners, there was pandemonium as thugs stormed the venue. Some people were injured during the attack. Both the Aregbesola and Oyetola camps accused each other of hiring the thugs to disrupt the process.
Worried over the development, Comrade Sunday Oriowo, who spoke on behalf of the Coalition of Osun Progressives Groups, an umbrella body of 15 groups in the state, urged the appeal committee to treat all petitions before it on merit.
Also, in a statement by his chief press secretary, Ismail Omipidan, the governor urged party members to allow peace to reign. He condemned what he called “unruly behaviour” by some aggrieved members of the party, saying no sane society would condone any act of lawlessness. He noted that the people of Osun were known for peace, and urged members of the party to avoid acts that could tarnish the image of the state. He further noted that political intolerance was injurious to the unity and collective peace of the state. While appealing for calm, the governor also said the government would not tolerate any act of criminality or violence in any part of the state under the guise of politics.
“I appeal to party members, especially those who have already filed petitions before the appeal committee over the conduct of the last ward congress to sheathe their swords and toe the line of peace and the law.
“Since the matter is already before the appeal committee, they should allow the process to run its full course. We are known for peace as a people. We should do all in our power to sustain that recognition in our collective interest,” the governor stated.
On their part, Aregbesola’s supporters said their lives were in danger as there were plans to assassinate their leaders. The chairman of the TOP, Reverend Lowo Adebiyi, said relevant security agencies had been informed about the assassination plot.
The secretary of the party also alleged that one of the leaders of the TOP, Mr Biyi Odunlade, a commissioner for youth and sport during Aregbesola’s tenure, escaped death by whiskers when gunmen attacked his house days after the ward congress.
Reacting to the claim of an assassination plot, the party’s director of publicity in the state, Mr Kunle Oyatomi, said Governor Oyetola and the chairman of the party were not known to be killers, and the APC is not a party of killers. He said those alleging threats to their lives should provide evidence. He also said the internal crisis in the party was not in anyone’s interest and appealed to all members to operate as one family.
-Saturday Trust
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FG announces plans to borrow N13.8tn for 2025 budget
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
News
Edo Gov Okpebholo freezes govt accounts, reverses ministry’s name
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
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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