Connect with us

News

Fuel subsidy a scam, Peter Obi, says he won’t spend $40bn as FG’s doing

Published

on

.

THE Presidential Candidate of the Labour Party, LP, Mr. Peter Obi has described the current fuel subsidy regime as a scam, saying he would offer an alternative, if elected.

Speaking yesterday during a live interview on Arise TV, the presidential candidate said petrol subsidy is not beneficial to the country’s economy, promising that he would not squander $40 billion on subsidy as currently being done by the All Progressives Congress, APC-led Federal Government.

Petrol subsidy payments gulped N1.27 trillion in the last five months, about 31 percent of the N4 trillion provision for the year. It eroded oil gains as Nigerian National Petroleum Company, NNPC, Limited failed to remit revenue to the federation account.

“We have spent over $40 billion on subsidy. Our total education expenditure in the past 10 years is about N8 trillion (about $20 billion on $400/$1). This is 50 percent of it,” Obi said.

Advertisement

“If we spent $20 billion on power, we would have been generating and distributing 20,000 megawatts of electricity today.

“It means subsidy alone would have solved a lot of issues in our education, health and power. If we have 20,000mw, we will be growing at more than 4 percent and add over $100 billion to our GDP.

“Within the same period, we have borrowed $90 billion, which we are servicing. With this, you could see total mismanagement of resources that could have changed the entire North… that vast land would have been huge farmland,” he said

On whether or not he would remove subsidy, Obi said: “We have to study and look at it critically. Yes and No, because I would remove it, but I have to offer them what would be equivalent to what we are removing.

“Yes, I am going to use the resources to do something that would benefit, but if I am not going to do that I am not going to remove it. You must be able to offer something in replacement for what you are going to do.

Advertisement

“I cannot spend $40 billion on subsidy and expend 50 percent of it on education and health even security. Are you saying [petrol] subsidy is more important than the security of lives and property?

“I have been saying subsidy is a scam, and I will continue to say it. There are so many scams all over the place, including the cost of governance.”

I prefer younger running mate, not old politicians

On his running mate, Obi said he prefers a younger and fresh politician.

According to him, a younger person who has “something to offer” to complement his ticket would be chosen instead of bringing “an old hand” who had been in government in the past.

Advertisement

The LP presidential candidate said although his running mate would be unveiled soon, he was yet to make a choice.

“We are talking to quite a number of people and Hakeem Baba-Ahmed is a capable hand. But I wish I can work with somebody who is younger.

“I prefer younger people who have a lot to offer rather than recycling old hands. I want a competent person and I am building a formidable team,” he said.

We’ll replicate my Anambra achievements on a larger scale

Asked when his manifesto would be released, Mr Obi said what he planned to do as president had been practiced during his time as governor of Anambra State, adding that he intends to replicate his achievements in Anambra on a large scale in Nigeria, if elected president.

Advertisement

“How can I hire professors to write or draft policy documents for me that I don’t even believe in? What I did in Anambra and what I achieved are what we will replicate on a larger scale. We want Nigeria to become the engine of production.

“I will assemble the type of people I had in Anambra State. I told them, from day one, if you agree with me in three meetings, you will go. I want those who can look into my face and say, Mr President, you are wrong,” the former governor added.

Vehicle drivers’ piloting Nigeria’s affairs

On Nigeria, Obi said Nigeria’s affairs were being piloted by ‘vehicle drivers’ instead of professional and certified pilots.

His words:  “Nigerians have consistently hired vehicle drivers instead of qualified pilots to pilot Nigeria’s affairs. My commitment is to let our campaign dwell on challenges in the country. There are a lot of problems besieging this country.

Advertisement

“This country will soon default on its debt servicing. This is what should be preoccupying us now. Universities have shut down and we are talking about who we’ll vote for. Let’s deal with the issues.

2023 won’t be based on ‘my turn’, ethnicity, religion

“This election will not be based on ‘my turn’, ethnicity, and religion. It will be based on a Nigerian agenda to save this Nigeria. Nigeria is in a coma, and it needs a specialist, and that is why I’m offering to save its life or it will die. I’m appealing to people to vote to save Nigeria, and to save Nigeria is to hire the best.”

He added that primitive considerations by Nigerians during electoral cycles had led Nigeria to the current quagmire, adding that in 2023 Nigerians must elect a capable candidate to pilot the country’s affairs.

He said: “Nigeria is in a coma and needs an expert to save it. I am appealing to Nigerians to vote for me as the best man for the job and not because of primitive consideration. I don’t want Nigerians to vote for me because I am from the South or on a regional basis. I want Nigerians to vote for me based on competence and what I can offer.”

Advertisement

Vanguad

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

METHODIST CHURCH HONOURS MONDAY DIAMOND ANI WITH “APOSTLE OF FAITH” AWARD

Published

on

The Methodist Church Nigeria has honoured the General Manager of the Enugu State Community and Social Development Agency (CSDA), Hon. Monday Diamond Ani, with the prestigious “Apostle of Faith Award” in recognition of his outstanding humanitarian services and contributions to community development.
The award was presented by the Methodist Diocese of Akegbe, Aninri and Awgu Archdiocese (AAA) under the leadership of Rt. Rev. C. Orji, the Methodist Bishop of AAA Diocese, Enugu.
According to the Church, the honour was bestowed on Hon. Ani in acknowledgment of his selfless commitment to community development, social welfare, and humanitarian service over the years. The Church noted that his contributions have transcended political considerations and have positively impacted countless lives across communities.
His consistent humanitarian interventions have earned him the popular title “Odoziobodo”, meaning “one who builds and restores communities.”
Hon. Ani is widely regarded as a passionate advocate for community service, driven by a desire to improve living standards and promote love, unity, and a sense of belonging among the people. His dedication reflects Christ’s teaching on the greatest commandment—love for God and love for one’s neighbour—placing service to humanity at the centre of purposeful living.
Due to his unavoidable absence, the award was received on his behalf and later presented to him at his office by Dr. Okechukwu Animba, Vice President (South-East) of the Senior Staff Association of Nigerian Universities (SSANU).
Responding to the honour, Hon. Ani expressed profound gratitude to Rt. Rev. C. Orji and the entire Methodist Diocese for recognising his humanitarian efforts. He prayed for God’s continued grace and strength to serve humanity and touch more lives through his work.
He also appreciated his principal, the Executive Governor of Enugu State, Dr. Peter Mbah, for appointing him to lead the CSDA, an agency charged with driving community interventions and sustainable development across the state.

Continue Reading

News

Controversial Enugu Centenary Land: Has A Daniel Truly Come to Judgment?

Published

on

When the Enugu State House of Assembly adopted the report of its Special Committee on Land Matters and Disputes in 2024, many observers described it as a watershed moment in the long-running controversy surrounding the Centenary City land in Amechi and Obeagu communities.
The report attracted national attention because it tackled a dispute that had generated numerous court cases, allegations of intimidation, destruction of property, community unrest, and claims involving some of the most influential figures in the state.
For many residents of Amechi and Obeagu, the Assembly’s intervention provided the first official platform where their grievances appeared to receive impartial consideration. The committee’s findings were widely commended for their detailed examination of the circumstances surrounding the acquisition and development of over 1,097 hectares of ancestral land.
At the heart of the controversy was the allegation that Private Estates International West Africa Limited (PEIWA), operating under a development agreement with the Enugu State Government, relied on questionable documents to assert rights over vast portions of land originally linked to a proposed university project initiated during the administration of former Anambra State Governor, Dr. Jim Nwobodo.
After reviewing submissions from the parties, the Assembly committee identified several inconsistencies in documents connected with the acquisition process. Among its findings were concerns regarding the authenticity of a survey plan purportedly prepared for the “Permanent Site of Enugu State University of Science and Technology” in 1985, despite the fact that Enugu State had not yet been created at that time.

Controversial Enugu Centenary Land: A Daniel Has Come To Judgement


The committee also questioned the authenticity of signatures and official endorsements appearing on key documents, including survey records, gazette notices, and correspondences allegedly executed on behalf of traditional authorities in Amechi and Obeagu communities.
Based on these findings, the committee concluded that the host communities had established that they were not properly carried along in the acquisition process and recommended dialogue, compensation, government intervention, and a comprehensive audit of lands developed under the Centenary City project.
At the time, many hailed the report as evidence that the legislature was willing to confront powerful interests in defence of justice and accountability.
Two years later, events appear to have given fresh significance to those findings.
Today, Kingsley Eze, Chamberlin Mbachu and Private Estates International (W.A.) Limited are facing criminal charges before the Federal High Court, Enugu, in connection with the alleged forgery of a survey plan linked to the disputed acquisition of ancestral lands in Amechi and Obeagu communities.
According to the charge sheet in Charge No. FHC/EN/CR/84/2025, the defendants are accused of conspiring to forge a survey plan titled “Permanent Site of Enugu State University of Science and Technology” purportedly dated 1985.
The prosecution alleges that the defendants knowingly made or uttered the survey plan as a genuine document despite its alleged falsity. The offences are said to be punishable under relevant provisions of the Miscellaneous Offences Act.
The criminal charges have drawn renewed attention to the conclusions reached by the Enugu State House of Assembly in 2024, particularly its observations regarding inconsistencies surrounding the same survey plan and related acquisition documents.
The developments have also prompted further advocacy from civil society organisations. The Rule of Law and Accountability Advocacy Centre (RULAAC) has called on the Inspector-General of Police to direct the Police Monitoring Unit to take over investigations and prosecutions connected with the dispute, investigate allegations of misconduct against certain police officers, and review criminal proceedings allegedly used for harassment and intimidation.
In a separate petition dated May 28, 2026, RULAAC also urged the Inspector-General of Police to intervene in two criminal cases pending before the Federal High Court, Enugu, citing repeated failures by law enforcement authorities to produce defendants for arraignment.
The cases include Charge No. FHC/EN/CR/84/2025, IGP v. Kingsley Eze & 2 Others, and Charge No. FHC/EN/CR/222/2024, IGP v. Alex Ifeadi & 2 Others.
As the criminal proceedings continue, many observers believe the matter has entered a decisive phase. The allegations that were once the subject of community petitions, legislative inquiries and public debate are now before a court of law for determination.
Whether the Assembly’s 2024 report marked the beginning of accountability or merely one chapter in a much longer struggle remains to be seen. What is clear, however, is that the issues raised by the Amechi and Obeagu communities have not faded away. Instead, they have evolved into a legal test that could shape public confidence in land administration, governance and the rule of law in Enugu State for years to come.
If the legislative findings, criminal investigations and court proceedings ultimately converge on the truth, then many residents may indeed conclude that, at long last, a Daniel has come to judgment.

Continue Reading

News

1966 Coup: Aguiyi-Ironsi family honours Fajuyi’s ‘supreme sacrifice’

Published

on

The family of the late former Head of State, Maj Gen Johnson Aguiyi-Ironsi, has paid tribute to the late Lt Col Adekunle Fajuyi, describing his death as a “supreme and heroic sacrifice” that remains one of the most defining symbols of loyalty and national unity in Nigeria’s history.

Son of the late head of state and former Minister of Defence, Chief Thomas Aguiyi-Ironsi, in a letter of remembrance and solidarity written on behalf of the Aguiyi-Ironsi family to the Fajuyi family, marking the 60th anniversary of his death, said July 29, 2026, will be a solemn occasion to honour a soldier they described as “a war hero who offered himself as a sacrificial lamb for the unity and integrity of the nation.”

The family recalled that Lt Col Fajuyi, then Military Governor of the Western Region, made the ultimate sacrifice in 1966 when mutinous soldiers abducted him alongside Maj Gen Aguiyi-Ironsi in Ibadan during the military counter-coup.

They stated that Fajuyi, in a defining moment of conscience, chose honour over personal safety and refused to abandon his guest and superior, a decision the family said reflected the highest ideals of loyalty, integrity, and military brotherhood.

According to the statement, his action transformed him into a national martyr whose legacy continued to inspire unity, courage, and selfless service.

Advertisement

The Aguiyi-Ironsi family also expressed sympathy with the Fajuyi family, acknowledging the enduring pain of their loss, while praying for continued strength, comfort, and peace.

It further appreciated Nigerians, institutions, and well-meaning individuals who had consistently honoured the memory of Fajuyi, describing such support as proof that “the sacrifice of a true patriot is never forgotten.”

The statement further stated, “He did not run. He did not hide. He chose to stand. In that sacrificial decision lay the essence of his greatness.”

The family called on government institutions, military authorities, and custodians of national memory to ensure sustained recognition and support for the Fajuyi family, stressing that his sacrifice remained a national responsibility to remember and honour.

It urged Nigerians to draw inspiration from his life and death, noting that his legacy continues to challenge the nation to uphold unity, courage, honour, and selfless service.

Advertisement

Fajuyi was killed on July 29, 1966, during the military counter-coup in Ibadan alongside Aguiyi-Ironsi.

Continue Reading

News

Anambra APP Celebrates Ugochinyere’s Emergence As Reps Minority Leader

Published

on

By Okey Maduforo Awka

The emergence of Chief Ikeagwuonu Ugochinyere as the Minority Leader of the Federal House of Representatives has been described as a vindication of the fact that the Action People’s Party (APP ) represents the collective interests of the Nigerian masses.

Recall that recently, Ugochinyere was elected as the Minority Leader of the party in a keenly contested election of the Federal House of Representatives.

According to a statement by the Chairman Anambra state chapter of the APP Chief Chijioke Okeke, Ugochinyere had been consistent in offering himself as the voice of the people and that of the voiceless.

“It did not come to us as a surprise that our great leader High Chief Ugochinyere became the Minority leader of the Federal House of Representatives because he has always been consistent and focus towards providing himself as the only vent for the masses at the Green Chambers”

Advertisement

“We know his pedegre as a politician as well as a leader and he has remained focus in ensuring that the voiceless are heard and this is also a vindication of our party’s unflinching desire to provide a veritable platform in a democratic process”

Okeke further stated that the fifth columnists who had attempted to deregister the party have been put to shame adding that the party shall continue to champion the interests of the Nigerian people.

“They made failed attempt at deregistering our great party but they lost sight of the fact that the APP is firmely rooted on ground and has all that it takes to drive the wishes and aspirations of the Nigerian populace and with this recent development our traducers have been put to shame and our party is on the path of further greatness “. Okeke noted .

Continue Reading

News

Rights Group Petitions IGP, Seeks Probe of Police Role in Controversial Enugu Land Disputes

Published

on

The Rule of Law and Accountability Advocacy Centre (RULAAC) has petitioned the Inspector-General of Police (IGP), IGP Olatunji Rilwan Disu, over alleged abuse of office and misuse of police powers by officers of the Enugu State Police Command in connection with a controversial land dispute involving Ostara Farms Limited and the Okpogho Community in Ezeagu Local Government Area of Enugu State.
In a petition dated May 29, 2026, and signed by its Executive Director, Okechukwu Nwanguma, RULAAC accused the Officer-in-Charge of the Directorate of Legal Services, Enugu State Police Command, and other officers of allegedly interfering in ongoing land litigation, intimidating community members, and using criminal proceedings to influence a dispute that is already before several courts.
According to the organisation, the controversy centres on an agreement through which Ostara Farms Limited allegedly acquired about 2,000 hectares of communal land from individuals said to be acting on behalf of the community for a consideration of N50 million.
RULAAC said a significant number of community members have challenged the transaction, alleging that the agreement was entered into under questionable circumstances and contains terms that unfairly favour the company.
The rights group noted that several lawsuits concerning ownership and control of the disputed land are currently pending before courts in Enugu State, including Suit Nos. A/24/2025, AWH/41/2022, E/299M/2025, A/58/2025, A/59/2025, A/60/2025 and A/61/2025.
Despite the ongoing litigation, RULAAC expressed concern that police authorities have increasingly become involved in the matter through criminal investigations and prosecutions.
The organisation alleged that criminal allegations arising from the burning of a company-owned caterpillar by unidentified persons were being used to target outspoken opponents of the land transaction.
According to the petition, rather than identifying those directly responsible for the incident, the company allegedly supplied names of community leaders and critics of the land deal who were subsequently treated as suspects.
“If true, such actions amount to an abuse of police processes and a dangerous weaponisation of criminal justice mechanisms to suppress dissent, intimidate citizens and gain advantage in a civil dispute,” the organisation stated.
RULAAC further linked the matter to an earlier land dispute involving Obeagu Awkunanaw and Amechi Uwani communities and Private Estates International West Africa Limited (PEIWA), noting that both companies are reportedly associated with businessman Kingsley Tobechukwu Eze.
The organisation recalled that concerns over police involvement in the PEIWA dispute had earlier been brought to the attention of the IGP and referred to the Police Monitoring Unit at Force Headquarters.
It also referenced reports that Kingsley Eze, Chamberlin Mbachu and Private Estates International (W.A.) Limited are facing criminal charges before the Federal High Court, Enugu, relating to the alleged forgery of a survey plan connected with the acquisition of ancestral lands in Enugu.
According to the charge sheet, the defendants were accused in Count I; “That you Kingsley Eze, Chamberlin Mbachu and Private Estates International (W.A.) Limited, sometimes in 2009 or thereabouts, at Amechi Awkunanaw, Enugu South Local Government Area of Enugu State, within the jurisdiction of this honourable court, did conspire among yourselves to commit a felony to wit: forgery of the Survey Plan titled “Permanent Site of Enugu State University of Science and Technology” of 1985 and thereby committed an offence contrary 3 (6) and punishable under Section 1 (2) (c) of the Miscellaneous Offences Act Cap M17, Laws of the Federation of Nigeria, 2004.”
COUNT II
“That you Kingsley Eze, Chamberlin Mbachu and Private Estates International (W.A.) Limited, sometimes in 2009 or thereabouts, at Amechi Awkunanaw, Enugu South Local Government Area of Enugu State, within the jurisdiction of this honourable court did make or utter the Survey Plan titled “Permanent Site of Enugu State University of Science and Technology” of 1985 knowing same to be false or with intent that it may in any way be used or acted upon as genuine and thereby committed an offence punishable under Section 1 (2) (c) of the Miscellaneous Offences Act…”
RULAAC also referred to findings reportedly contained in the Enugu State House of Assembly’s Special Committee Report on Land Matters and Disputes adopted in December 2024.
The organisation urged the IGP to direct the Police Monitoring Unit to immediately take over investigations and prosecutions arising from the Ostara Farms dispute, investigate allegations of misconduct against one CSP Justice Attah, the Officer-in-Charge, Directorate of Legal Services in Enugu, and review any criminal proceedings allegedly initiated for purposes of harassment or intimidation.
Meanwhile, in a separate petition dated May 28, 2026, the organisation called on the IGP to intervene in two criminal cases pending before the Federal High Court, Enugu, over the repeated failure of police authorities to produce defendants for arraignment.
The cases are Charge No. FHC/EN/CR/84/2025, IGP v. Kingsley Eze & 2 Others, and Charge No. FHC/EN/CR/222/2024, IGP v. Alex Ifeadi & 2 Others.
According to RULAAC, the charges were filed following investigations by the Force Intelligence Department (FID), Abuja, and the Force Criminal Investigation Department (FCID) Annex, Enugu, indicating that investigations had been completed and prosecution was ready to proceed.
The organisation, however, lamented that despite the filing of the charges, the defendants have repeatedly not been produced before the court for arraignment, resulting in prolonged delays.
RULAAC said the cases came up before the Federal High Court on May 20, 2026, where the court reportedly expressed concern over the inability of the prosecution to present the defendants for plea.
The rights group warned that the continued delays could lead to the cases being struck out for lack of diligent prosecution, thereby undermining public confidence in the criminal justice system.
It urged the IGP to direct the FCID Annex, Enugu, and the FID Abuja, through the Directorate of Legal Services, to ensure the production of the defendants on the next adjourned date of June 18, 2026, and facilitate diligent prosecution of the matters.
RULAAC maintained that its intervention was aimed at safeguarding the integrity of the justice system and ensuring that police powers are exercised impartially and in accordance with the rule of law.
Continue Reading
Advertisement

Trending