The governor of Ebonyi state, Dave Umahi, has revealed his intention to run for the presidency.
Mr Umahi disclosed this to State House correspondents after meeting behind closed doors with President Muhammadu Buhari on Tuesday.
Mr Umahi’s visit to the Villa comes barely 24 hours after the national leader of the All Progressives Congress, Bola Tinubu, met with Mr Buhari to notify him of his presidential ambition.
Mr Umahi defected from the Peoples Democratic Party (PDP) to the APC in November 2020. This decision was criticised by Egwu Chima, a party chieftain and former information commissioner in Ebonyi who said Mr Umahi’s defection to the APC was of no value to his new party.
At the time, Mr Buhari commended Mr Umahi’s defection, urging him to ignore criticisms that might come his way as a result of the move. The APC in Ebonyi had also said Mr Umahi had no plans to return to the PDP.
Simbard Ogbuatu, the state party spokesperson, had said in a statement that “Umahi has not, either in person, a representative or through a surrogate made and will never make any move to return to the ‘Social Club’ known as PDP.”
In January 2021, Peoples Gazette reported how Mr Umahi channeled state funds between 2011 and 2019 to Brass Engineering, which he owns and has chaired since 1993.
Based on bank records of the state, the report notes that Mr Umahi received more than N3.6 billion, when he began transferring state funds into Brass Engineering shortly after becoming deputy governor to Martin Elechi in 2011.
After the report was published, an aide to Mr Umahi called The Gazette office in Abuja, threatening to kill the online newspaper’s reporters. The audio recording of the phone call was uploaded to YouTube.
This action caught the attention of democracy and good governance advocacy group, Concerned Nigerians, which then wrote to the United States’ embassy in Nigeria asking for a visa ban on Mr Umahi and his family.
Mr Umahi is not a stranger to attacks on journalists. Reporters from the Vanguard and Sun had been brutalised over critical reports of his handling of the COVID-19 pandemic in his state.
Elections timeline will only be published after passage of Electoral Bill —INEC
The Independent National Electoral Commission (INEC) has disclosed that the timeline for the upcoming 2023 elections will be released only after the passage of the Electoral Bill, still under consideration at the National Assembly.
This was contained in a statement issued on Tuesday by the INEC Chairman, Prof. Mahmood Yakubu, at the first quarterly meeting with political parties for 2022 in Abuja.
Yakubu further noted that the Commission was optimistic about the passage of the Bill due to the assurance by President Muhammadu Buhari who charged the NASS to ensure the Bill was prioritised.
Read also: National Assembly to re-present, pass electoral bill Wednesday – Lawan
He said, “On the Electoral Amendment Bill currently before the National Assembly, the commission is encouraged by the Senate President’s assurance to give priority attention to the Bill when the National Assembly reconvenes from its recess today, and the commitment by the President to assent to the Bill as soon as the issue of mode of primaries by political parties is resolved.
“We are looking forward to a speedy passage of the Bill, which is crucial to our preparations for the forthcoming elections. As soon as it is signed into law, the commission will quickly release the Timetable and Schedule of Activities for the 2023 General Election which will be based on the new law”.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
The best levelling-up strategy is hiding in plain sight
It seems that no one knows what the government means by ‘levelling-up’. The White Paper explaining it has been delayed. And yet there is a clear strategy waiting to be embraced. It is an old one, called creating the conditions for growth. It is well known, yet it is being ignored as people look for something special and different.
There is a simple reason, backed up by research, that growth will deliver levelling-up. It is that the resources in the ‘behind’ regions are in greater supply. This is obviously the case, since this is why they need ‘levelling-up’. In our research on regional Britain we find clear evidence that higher demand provokes much faster rises in wages and prices in the ‘south’ than in the ‘north’, for this reason. This in turn implies that growth tends to favour the north. Infrastructure spending will then naturally gravitate to these parts since in practice it is demand-led by the usual cost-benefit analysis. One of the levelling-up fallacies going the rounds is that the north can be lifted up by differential infrastructure spending; yet this simply puts the cart before the horse.
The question then becomes how do we promote growth in the economy as a whole so that this levelling-up can also proceed. Again we know the answer well. It is through holding down tax rates, especially on entrepreneurs, and creating a permissive regulative environment in which the common law prevails preventing observable harm rather than the continental law philosophy of the EU in which possible harms are prevented in advance blanket intrusion.
Sadly, the government is not setting out this strategy for growth at all clearly or convincingly. It has paid lip service to the deregulative idea but there is no momentum behind its implementation; instead we hear constantly about how existing ‘standards’ will be upheld- which is code for doing nothing to alter existing regulations. As for taxes, we have heard plainly from the Chancellor’s last budget that even though he is in favour of low taxes, taxes will go up sharply- both on businesses and workers- and none will come down.
GMC guidance on fatigued doctors welcomed by MDU
Sleep deprived doctors concerned about patient safety
The reason given for this tax policy is the state of the public finances, namely the high ratio of public debt to GDP post-Covid. The Treasury and its ally, the OBR, lose no opportunity to stress the possible catastrophes that await us if we do not urgently limit public borrowing, now that the debt ratio has reached around 100% of GDP. Yet history tells us that we have never defaulted on our debts even though the ratio went well above 200% of GDP both after the Napoleonic wars and after WW2. Also after the first the high debt ratio did not stop Gladstone’s sharp cuts in our high tariff rates; nor after the second did it stop the Labour government’s expensive policies to build the welfare state.
In both cases it took many years to bring the debt ratios down again to low ‘safe’ levels; meanwhile policies were pursued to promote growth and stabilise the economy as well as possible. It is the role of public debt to allow these policies to proceed smoothly without needing to be stopped and restarted to ‘bring down debt’.
As for the various short term ‘fiscal rules’ that governments have announced since the financial crisis of 2008, they have been jettisoned, rightly, on a regular basis. They completely miss the point about the smoothing role of public debt, on which the only constraint is long term solvency- something that for the UK has never been in doubt; the technical condition for it is simply that the growth in real debt must be less than the real interest rate. With the current real interest rate negative, this condition is easily met.
So what is to be done? We need to see a coherent government economic strategy to promote growth through low taxes and growth-friendly regulation; this in turn will create levelling-up as the growth reaches the parts of the economy current policies cannot reach. As part of this strategy, the government needs to explain how this fits in with a long term plan to maintain solvency and keep the public finances solid. Of course there is no contradiction between a stable economy growing solidly and strong public finances gradually restoring the debt ratio to normal levels. But the government needs to get its courage up to restate this basic economic good sense.
Professor Patrick Minford is one of the UK’s leading macroeconomists and holds the chair of Applied Economics at Cardiff University.
I resign due to the tyrannic nature of the party, says PGF DG Lukman
The former Director-General of Progressive Governors’ Forum, Dr. Salihu Lukman has said that his decision to resign was as a result of the tyrannic posture of the leadership of the All Progressives Congress (APC).
He said following the announcement that the national convention of the party will hold on February 26, party leaders must ensure the new leadership of the party that will emerge at the Convention will be tolerant to criticism and be democratic.
Lukman, in a statement issued on Wednesday, said since the news filtered out on Monday about his resignation, many party leaders, friends, family members and well-wishers have reached out to him with words of support and encouragement.
He said, “I can confirm that it is true I have given my resignation to Forum Chairman, His Excellency Abubakar Atiku Bagudu. I restrained myself from making any public statement on the matter because I am still awaiting acceptance.
“It is true that my decision to resign from position is to enable me to continue with the campaign to return APC to its founding vision, which is to build a party that is not only democratic but oriented based on social democratic principles.”
The party chieftain revealed that the national leader of the party, Senator Bola Tinubu has urged him to continue his campaign to return APC to its founding vision.
He said following the news of his resignation, many party leaders and members called to express their worries, adding that one of the party leaders who honoured him with an invitation to meet him late on Tuesday was Tinubu.
He noted that Tinubu commended him for championing the campaigns to reform the party and expressed shock that some members of the Forum were intolerant to criticism.
Lukman said Tinubu argued that any party leader who would not accommodate critical opinion on fundamental issue such as respecting decisions and especially a matter as sensitive as organising the National Convention, which is the highest organ of the party, such a person is not a democrat and shouldn’t be associated with a party envisioned to be progressive, such as the APC.
“With these words, he encouraged me to continue with my campaign, which is what the party needs,” he said.
Lukman stressed that Tinubu declared his support to all decisions of President Buhari to ensure that the APC Convention is held in February 2022.
He added: “Since the buildup to the 2019 elections, internal contests in the APC began to degenerate, while some leaders became intolerant and conducted themselves almost as tyrants.”
Lukman pointed out that some party leaders in the bid to emerge as candidates of the party for offices became hostile, while the party campaign drifted to almost war situations in many instances.
He stressed that every campaign to get the leadership of the party to commence the process of internal reform was resisted.
Lukman added that organs of the party stopped meetings as required by the constitution, while views of party leaders became decisions of the party.
He, however, noted that President Muhammadu Buhari disagreed with what was going on in the party and supported the campaign for reform.
Lukman said without going into all the details, the inspiration to set up the current Caretaker Committee came from Buhari based on the expectation of ensuring that the drift in the party was arrested.
He stressed that this was expected to produce a new leadership, which should emerge at the party’s National Convention.
Lukman added, “Once the Caretaker Committee began to show signs of reluctance to organise the Convention, it should be a source of concern to all party members desirous of reform.”
Music3 days ago
MP3: Ant Clemons – Head Over Heels
Music2 days ago
MP3: Lady London Ft. Dub Aura – Lisa’s Story
Music3 days ago
MP3: Ant Clemons – Come With Me
Lifestyle2 days ago
Why you should add oats to your beauty regime
Nation2 days ago
MEMMCOL to train 4, 000 Nigerians on metre manufacturing
Music3 days ago
MP3: Ant Clemons – Stix & Stones
Sports3 days ago
Algeria stunned by ‘unfancied’ Equatorial Guinea
Music1 day ago
MP3: Troy Ave Ft. Trapboy Freddy – Why God Nadine