Good Morning Nigeria! Here’s what you need to know this Thursday morning ????. Enjoy!
1. The Peoples Democratic Party (PDP) following the signing of the N9.12 trillion 2018 Budget by President Muhammadu Buhari said that Mr. President lacks the capacity to implement the budget. According to the opposition party, the president’s submission that the 2018 budget will be difficult to implement is a clear admission that he lacks the capacity and competence to run a development-oriented economy. This was contained in a statement signed by the National Publicity Secretary of the PDP, Kola Ologbondiyan, in Abuja on Wednesday. President Buhari had noted that the budget would be difficult to implement following alleged alteration by the National Assembly, adding that he was compelled to sign the budget.
2. Ex-Governor Adams Oshiomhole of Edo State in a recent statement issued on Wednesday in Abuja said that he will ensure the supremacy of the ruling All Progressives Congress (APC) if elected as the National Chairman of the party at the forthcoming National Convention. Oshiomhole said this in an interactive session with APC young stakeholders at the Nation’s capital. He added that if elected, he would subject the president and other elected officers to the dictates of the party. “My hope is that, if by the special grace of God I become the APC National Chairman, we will need to be very clear about all these and other issues. Anyone elected on our platform, including the president will be expected to conduct government and governance in a way that promotes the core values of progressive governance,” he said.
3. Ahead of the trial of the embattled leader of the Islamic Movement of Nigeria (Shiites), Sheikh Ibraheem El- Zakzaky, major highways leading to the Federal High Court in Kaduna has been shut down by the Nigeria Police apparently over fear of protest by his followers. According to report, even journalists were barred from the court premises by heavily armed security men.
4. According to the Debt Management Office (DMO), Nigeria’s public debt rose by 4.5% to N22.7trillion in the first quarter of 2018 due to the increased domestic borrowing by state governments and increased foreign borrowing by the federal government. DMO said that; “the increase was accounted for largely by the increase in the Domestic Debts of States and the Federal Capital Territory (FCT), as well as, the $2.5billion Eurobond issued in February 2018 whose proceeds were still being deployed to redeem maturing Domestic Debt.”