News
Anger over killing of three Kaduna Greenfield varsity students
Nigerians have reacted with shock and anger to the killing of three of the students of Greenfield University, Kaduna kidnapped by bandits on Tuesday from the school.
The Kaduna State’s commissioner for Internal Security and Home Affairs, Samuel Aruwan, had in a statement yesterday morning, announced that the bandits shot dead three of the abducted students.
Former Presidential candidate of the Peoples Democratic Party (PDP) in the 2019 election, Atiku Abubakar; leader of the Yoruba pan socio-cultural group, Afenifere, Pa Ayo Adebanjo; the Peoples Democratic Party, two Senior Advocates of Nigeria – Mr Femi Falana and Mike Ozekhome, and the leadership of the Kaduna State chapter of the Christian Association of Nigeria expressed anger, sadness and disappointment in government’s failure to rescue the students before being killed by the criminal elements.
Atiku, who described the killing as heart-breaking, said it was time to allow governors to manage security in their states.
He said in his verified tweeter handle: “Heart-breaking to learn of the killing of three of the abducted students of Greenfield University, Kaduna. How long shall we continue to lose precious souls? May their families and friends be comforted. It is time states are granted constitutional roles in the management of security.”
Reacting to the murder of the students last night, the leader of Afenifere, Pa Ayo Adebanjo said it was regrettable that the security situation could break down so bad in a regime led by a retired army general.
He said, “It shows the extent to which security has broken down under General Muhammadu Buhari. It shows his incompetence and how far he is inefficient as a former commander.
“Each time we talk about him, Lai Mohammed will put up a propaganda saying everything is in order and Buhari is the best President that we have ever had.
“It is until they kill all of us that they will now know he should have left the place. Law and order have broken down in the country, there’s no doubt about that. The earlier people persuade Buhari to get out of the place the better for all of us.”
Adebanjo said the unhealthy security situation was a veritable reason for unending calls for restructuring of the country. “It all comes down to what I’ve been talking about -restructuring of the country. All the governors have no authority over the security of their states. They are all lame duck governors; I’ve been saying that all the time.”
He said the 1999 Constitution was forced on the nation by the military and that it must be replaced by a truly federal constitution, stating that with this new constitution, the governors could be held accountable.
“Right now, the governors have no control over the police in their area. Even right now, a man in his cabinet has been proven to be in collaboration and is one of the Imams of Boko Haram.”
PDP: Govt Must Do Everything to Apprehend Assailants
The Peoples Democratic Party (PDP) yesterday described as extremely wicked, the murder of the three students by gunmen.
The party asked the federal government to invoke every process permissible within the laws of the nation to apprehend the assailants, as well as secure the release of the remaining abducted students of Greenfield University.
In a statement by its National Publicity Secretary, Mr. Kola Ologbondiyan, PDP said, “Our party also demands an intensified action for the rescue of the abducted students of Federal College of Forestry Mechanisation, Afaka, Kaduna.”
The PDP lamented that the bleeding of the nation was approaching a Class IV haemorrhage and urged Buhari to allow for the rejigging of the security system to guarantee state and community policing in the country.
The PDP also charged Nigerians to remain at alert and provide useful information to security agencies at this critical moment.
Falana: No Sacrifice is too Much to Secure the Abducted Students
In his reaction, human rights lawyer and Senior Advocate of Nigeria Femi Falana said it was regretted that the government could not rescue the kidnapped students.
Speaking with one of our correspondents last night, Falana said government owes it a duty to protect the citizens. He also advised the Kaduna State Governor, Nasir El-Rufai to do everything possible to rescue the remaining students.
He said, “It was extremely painful and extremely sad to hear the tragic news of the brutal killing of three of the kidnapped students of Greenfield University Kaduna.
“Certainly, the government owes the responsibility to the parents and the society. This is not the time for the governor of the state to engage in grandstanding if school children and other people are kidnapped by criminal elements.
“The government owes it a duty to rescue them at whatever costs because the security of lives and property of everybody in Nigeria is guaranteed in the constitution.”
Falana said there was an urgent need for government at both the federal and state levels to invest heavily on modern security gadgets as a way of outsmarting the criminals, saying government should be able to learn from the way the United States government was able to rescue one of its citizens kidnapped in Nigeria, recently.
“A serious government would have liaised with the American government to ensure that kidnapping becomes a thing of the past,” the Senior Advocate stated.
Ozekhome: Nigerians Shouldn’t Be Surprised at The Turn Of Events
Another senior lawyer, Mike Ozekhome, (SAN) said he wasn’t disappointed at the floppy manner in which the federal government has been handling the issue of kidnappings in Nigeria, especially in the recent time.
In a short message to one of our correspondents last night, the fiery lawyer said Nigerians ought not to be surprised at the turn of things in the country, given the failure of the government to resolve previous kidnappings. He asked, “What were Nigerians expecting? Where is Leah Sharibu? Where are the Chibok girls abducted since April 2014?
“Has this government ever walked the talk in its vain glorious posturing against Boko Haram, armed banditry, herdsmen, kidnapping and other violent crimes across the board in Nigeria?
“Has Nigeria not been turned into a sprawling field of crimson and posing blood of innocent Nigerians?
“Can any Nigerian sleep with his two eyes closed? Are we not worse off security-wise today than we were in 2014?”
CAN: Kaduna Government Talks too Much
In his reaction, the Chairman of the Kaduna State Chapter of the Christian Association of Nigeria (CAN), Rev. Joseph Hayab said that the way forward to ending banditry, killings and abductions is for government to live up to its responsibility.
Hayab lamented that almost on a daily basis, people were being killed or abducted in Kaduna State, without the government doing much to bring the criminals to justice.
According to him, “The way forward to stop these killings is for our government to wake up and stop making noise. Our government is adding salt to injury. Our government is talking too much. Our government is using poor governanace.
“Everywhere in Kaduna is not safe. So, our government must stop insulting people and act responsibly. In Kaduna state, life is no longer useful. If they killed you, you would hear one funny statement from state government telling us that the governor expressed his condolences.
“Kaduna State people are tired of the governor’s condolences. They want to see these criminals tormenting them being arrested and brought to justice.”
In announcing the killing of the three students, the Kaduna State government said, “In an act of mindless evil and sheer wickedness, the armed bandits who kidnapped students of Greenfield University have shot dead three of the abducted students.
“The armed bandits on Tuesday night kidnapped an unspecified number of students at the institution located at Kasarami village off Kaduna-Abuja Road in Chikun LGA
“The remains of three students were found today (Friday), in Kwanan Bature village, a location close to the university and have been evacuated to a mortuary by the Commissioner, Internal Security and Home Affairs, and Force Commander, Operation Thunder Strike, Lt.Col. MH Abdullahi.
“Governor Nasir El-Rufai has condemned the killing of three students as sheer wickedness, inhumanity and an outright desecration of human lives by vile entities.”
The statement quoted the governor as saying that, “the armed bandits represent the worst of humankind and must be fought at all cost for the violent wickedness they represent”.
“Evil, the Governor further said, would not triumph over God-given humanity. He appealed to citizens to come together against the forces of darkness challenging national security and the very existence of the Nigerian State.
“The Governor, on behalf of the Government and people of Kaduna State sent deep condolences and empathy to the students’ families and the university community, as he prayed for the repose of their souls.
“The Government will keep citizens informed of further developments”, Aruwan said.
The statement was silent about the number of the students abducted.
-THISDAY
News
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
News
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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