NASRDA DG Flags Off Construction of Nigeria’s Geodetic VLBI Project

The Director General of the National Space Research and Development Agency (NASRDA), Dr. Mathew Olumide Adepoju has on Thursday performed the ground breaking ceremony of the Geodetic Very Long Baseline Interferometry (VLBI) project at the Center for Geodesy and Geodynamics, (CGG) Toro.

According to Dr Adepoju, the project is one of the milestone projects of President Bola Tinubu’s administration in the area of science and technology.

He described the project as a major effort at mitigating the adverse effects of natural hazards on the entire citizenry of Nigeria and safe guarding their property.

“I am particularly excited that it is during my tenure as the Director-General/Chief Executive of NASRDA that we are witnessing this epoch-making event,” he said. 

He explained that the choice of the location of the project was based on the fact that it is sited on a solid geological bedrock (Older Granites) that can serve as immobile belt on which the Very Long Baseline Interferometry (VLBI), Global Navigation Satellite System (GNSS), and Satellite Laser Ranging (SLR) can be situated.

The DG expressed the appreciation of the Government and people of Nigeria to the Government of the Peoples Republic of China through its partner, the Shanghai Astronomical Observatory for funding the project.

He said: “This project is as a result of the collaboration between the National Space Research and Development Agency (NASRDA) and the Shanghai Astronomical Observatory (SHAO), China. “This gesture by the Chinese government will go a long way in strengthening the already existing cordial relationship between our countries.”

He praised the Director of CGG, Dr Joseph Danasebe Dodo for his efforts and resilience in initiating the project and the staff of the Centre for Geodesy and Geodynamics in seeing to the realization of this dream conceived many years ago.

Speaking at the event, Dr. Dodo expressed joy at the realisation of the VLBI project while noting with gratitude the resilience and solidarity of the NASRDA boss in ensuring that the project comes to fruition.

The Project Manager of the Chinese International Telecommunication Construction Company (CITCC) Mr. Wu Jiyong appreciated the opportunity given to the company to execute the project while assuring the agency of a thorough job.

Dignitaries present at the epoch making occasion include Directors in the Agency, traditional rulers and Chiefs from Lame, Jama’a and Toro communities, local politicians, staff members and members of the host community.

This multi-million-dollar project is primarily aimed at deep space science which include satellite tracking, space missions, earth orientation parameters determination, national defense and monitoring of geodynamics phenomena such as earthquakes, volcanic eruption among others in Nigeria and the Sub-Saharan Africa.

The infrastructure will also contribute to the global network of Space Geodetic Systems for the understanding of the Global Reference Frame and Plate Tectonics. It is the first and only one in the Sub-Saharan Africa.

The benefits of the project when completed will include among others: the tracking of spacecraft for national defense, monitoring of space missions, monitoring of space weather and climate change, providing unambiguous earth orientation parameters, determination of orbit and location of satellites, monitoring of geodynamic events at regional and global scales, contribution to the global network of space geodetic systems and aid in the understanding of the global reference frame and Earth’s tectonic activities.

Nigerian Newspapers Daily Front Pages Review – November 15, 2024

Nigeria Times News brings you a daily summary of the major headlines in Nigeria’s national newspapers. Here are the key stories making waves on Friday, November 15, 2024:

The PUNCH

The spotlight is on the upcoming Ondo State governorship election, set for Saturday. Security agencies have intensified efforts to ensure a smooth and peaceful electoral process. The Defence Headquarters announced the deployment of additional troops to strategic border areas and known hotspots. This move aims to support the Nigeria Police Force in maintaining law and order throughout the election.

Vanguard

The Federal Executive Council (FEC) has approved a ₦47.9 trillion budget proposal for the 2025 fiscal year. Additionally, a borrowing plan of ₦13.8 trillion has been endorsed as part of the budget strategy. These developments suggest an ambitious financial plan as Nigeria prepares for the next fiscal year.

The Guardian

As part of its 2025 financial strategy, the Federal Government is considering acquiring an additional $2.2 billion debt, adding to the nation’s current financial obligations. This move is part of plans to fund the newly proposed ₦47.9 trillion budget. Minister of Budget and Economic Planning, Atiku Bagudu, shared that the Medium-term Expenditure Framework (MTEF) for 2025-2027 has been approved, setting the groundwork for next year’s spending.

Daily Trust

The Medium-Term Expenditure Framework (MTEF) for 2025-2027 has received approval from the Federal Executive Council, featuring a proposed budget of ₦47.9 trillion for the year 2025. This announcement came during a press briefing by Minister Atiku Bagudu following a meeting chaired by President Bola Ahmed Tinubu.


Conclusion

These headlines highlight key political and economic events shaping Nigeria’s landscape. From preparations for the Ondo governorship election to substantial budgetary discussions, the stories underscore the government’s focus on security, fiscal planning, and economic strategy as the country looks towards 2025.

Stay tuned for tomorrow’s review of Nigeria’s latest news and developments!

Fresh Naira Scarcity Hits Nigeria – Affected States and Causes

Fresh Cash Scarcity Hits Nigerian States – Key Areas Affected

Naira scarcity has resurfaced in several Nigerian states, despite increased supply efforts by the Central Bank of Nigeria (CBN). Over the past week, the shortage has been particularly severe in northern regions, affecting daily transactions and causing frustration among residents.

Affected States

The states grappling with significant cash shortages include:

  • Bauchi
  • Borno
  • Kaduna
  • Kano
  • Kebbi
  • Taraba
  • Some satellite towns in the Federal Capital Territory (FCT)

The cash shortage is impacting various sectors, causing a rise in transaction costs and disruptions to local economies.

Causes of the Cash Scarcity

  1. Increased Currency in Circulation
    According to recent data from the CBN, currency in circulation reached ₦4.14 trillion in August 2024, with ₦3.87 trillion outside the banking system. This is a sharp increase from ₦2.66 trillion in August 2023—a 55.8% Year-on-Year rise. Yet, despite this high circulation, access to cash remains problematic, especially in rural and northern regions.
  2. High Demand for Cash Transactions
    The scarcity is exacerbated by the strong preference for cash in agricultural transactions. Farmers and traders, especially in rural areas, often lack access to electronic payment systems, leading to high demand for physical cash. Recent reports indicate that many businessmen are purchasing grains in bulk, hoarding cash for these transactions, which strains the supply.
  3. Seasonal Transactions
    As Christmas approaches, transactions involving livestock, particularly goats, are increasing. These are predominantly cash-based, with animals transported from the North to the South for festive celebrations. This seasonal spike in cash demand is contributing to the overall shortage.

Impact on Local Transactions

  • POS Operators Struggle
    Many Point of Sale (POS) operators in affected states report difficulties in accessing cash from banks, forcing them to rely on traders and petrol stations. Charges have also risen due to the scarcity, with fees for a ₦50,000 withdrawal doubling from ₦500 to ₦1,000.
  • ATM and Banking Limitations
    ATM terminals in these states are either not dispensing cash or have significantly reduced limits, ranging from ₦20,000 to ₦50,000 per day. Banking halls are not faring much better, with limited cash available for over-the-counter transactions.

Response from Authorities

Attempts to get an official statement from bank officials and the CBN’s Acting Director of Corporate Communications, Hakama Sidi, were unsuccessful, as calls and messages went unanswered.

The current situation underscores persistent challenges in ensuring stable cash flow in Nigeria, despite official efforts to bolster currency supply. It remains to be seen how the CBN and other financial institutions will address the growing concerns as the holiday season approaches.

Stay tuned to Naija News for updates on the cash scarcity and other financial developments in Nigeria.

Wike Celebrates Fayose’s 64th Birthday, Praising His Honesty and Loyalty

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has extended heartfelt birthday wishes to Ayo Fayose, former Governor of Ekiti State, as he turns 64. In a statement released on Friday in Abuja by his Senior Special Assistant on Public Communications and New Media, Lere Olayinka, Wike commended Fayose for his straightforward nature and dedication to his beliefs.

A Dependable Friend and Influential Politician

Wike described Fayose as a “dependable ally” and a man who never hides where he stands on important issues, praising him for his honesty in the often unpredictable world of Nigerian politics. “Fayose has remained a reference point in Nigerian politics, and his impact on Ekiti State will always be remembered,” Wike remarked.

He also referred to Fayose as a “valuable friend and brother,” acknowledging his significant contributions to political discourse and governance in Nigeria. “At 64, Fayose’s life is a testament to God’s grace and a reminder of the ongoing need for service to our country,” Wike added.

Acknowledging Contributions to Nigerian Politics

Wike’s tribute highlighted Fayose’s long-standing influence in Nigerian politics, particularly in Ekiti State, where he served two terms as governor. According to Wike, Fayose’s direct and candid approach has left a lasting impression, making him a respected figure in political circles.

“I rejoice with my friend and brother, former Governor of Ekiti State, Peter Ayodele Fayose, Osokomole, on his attainment of 64 years on earth today, November 15, 2024,” Wike stated. He praised Fayose’s loyalty, declaring that the former governor’s contributions to Nigerian politics are both impactful and enduring.

A Wish for Continued Prosperity and Health

In his birthday message, Wike expressed hopes for Fayose’s continued success, good health, and fruitful days ahead. “It is my prayer that God will continue to make the days of our own Osokomole on earth fruitful, with immeasurable blessings and robust health,” Wike concluded.

The former Governor of Ekiti State, often known for his outspoken personality and willingness to address controversial topics, remains a prominent figure in Nigerian politics, admired by allies and even some critics for his unwavering positions.

Black Market Dollar to Naira Exchange Rate for 15th November 2024 and Upcoming Tax Reforms

Black Market Dollar to Naira Exchange Rate for 15th November 2024

Curious about today’s Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Here’s the latest update for 15th November 2024.

Today’s Black Market Exchange Rate

The exchange rate for Dollar to Naira in the Lagos Parallel Market shows that buyers are offering ₦1740 per Dollar, while sellers are setting the rate at ₦1745. These figures are based on information from sources within the Bureau De Change (BDC).

Please Note: The Central Bank of Nigeria (CBN) does not recognize parallel market rates. Individuals interested in Forex transactions are advised to contact their banks.

Summary of Exchange Rates

Dollar to NairaBuying RateSelling Rate
Black Market₦1740₦1745
CBN Rate₦1657₦1658

Disclaimer: Actual buying or selling prices may differ, as forex rates can vary depending on the source.


New Tax Reforms Under Tinubu’s Government

The Nigerian government, led by President Bola Ahmed Tinubu, is proposing a new tax system aimed at simplifying Nigeria’s tax landscape and reducing the burden of multiple taxes on individuals and businesses.

Key Changes in the Tax System

In a recent interview with Channels Television, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal and Tax Reforms, announced that the goal is to consolidate all existing taxes into a single-digit system. This would mean fewer than ten taxes within a specified period.

He explained that the reforms are designed to enhance cooperation between federal and state tax authorities, focusing on areas like data sharing, tax intelligence, and improving the skills of tax officials.

Oyedele’s Statements

“We aim to reduce all taxes to single digits by the end of the reforms. Our objective is to enable tax authorities to collect efficiently while allowing other government agencies to concentrate on their core duties, fostering an environment where the economy can thrive,” said Oyedele.

He also mentioned efforts to pass a comprehensive Nigerian Tax Administration Bill, which would streamline taxpayer registration, returns, assessments, and audits using advanced technology.

The Nigerian tax system, currently one of the most outdated globally, will undergo a transformation that could modernize tax practices and potentially drive economic growth.

Anti-Corruption Group Commend Agric Minister Over Reforms In Agric Sector


A group called Whistle Blowers Forum Against Corruption, WBFAC, Thursday, hailed the Minister of Agriculture and Food Security, Senator Abubakar Kyari, over his doggedness and commitment to food production.Speaking during a press conference held in Abuja, the National Coordinator, WBFAC, Dr. Olukayode Oladosu, described the Minister as a calm but focused goal-getter who is working assiduously to ensure Nigerians have access to affordable amidst the challenges saboteurs are posing to blackmail the President Tinubu-led administration.

According to Oladosu, the Agric Minister has come up with various policies to boost farmers’ productivity and profitability, and also has ensured there is strong synergy between State Governments and the Federal Government in line with the President Bola Ahmed Tinubu Renewed Hope Agenda.

The group which passed a vote of confidence on Senator Kyari, thanked President Tinubu reposing strong confidence on the Agric Minister, saying his efforts are yielding positive results.

He also pointed out that the Kyari-led Ministry of Agriculture and Food Security have attracted investors to the sector, and many programmes are ongoing to address hunger in the land, including collaborations.
Secure $134m AfDB loan facility to boos farmers’ productivity.

The Minister has been able to recently secure an African Development Bank, AfDB, $134 million loan facility to boost farmers’ seed and grain production. This was made known during the flag off of the 2024 National Dry Season Farming in Cross River State.

Injecting N309bn into economy in one year
“We are also aware that the Ministry of Agriculture and Food Security has been able within one year of the Tinubu-led administration injecting N309 billion into the economy, including job creation along various agricultural value chains.

Salvaging ginger farmers from impact of ginger blight
The Minister in his proactive nature has been able to salvage ginger farmers from the ravaging ginger blight epidemic by inaugurating the Ginger Blight Epidemic Control Task Force to intervene by proffering lasting solutions.

Implementation of NATIP
The Minister has demonstrated commitment to the implementation of the National Agricultural Technology and Innovation Plan, NATIP, which has been instrumental to technological advancements, and empowerment of smallholder farmers across the country.

Efforts on agric mechanization
The Minister has been able to ensure the facilitation of tractors and accessories to farmers across the country as he has engaged tractor manufacturing companies.

The group said: “We are aware of the giant strides of the Minister of Agriculture and Food Security, Senator Abubakar Kyari (CON) within one year of office, which makes him stand tall among his equals based on the doggedness and commitment he has demonstrated with the Minister of State for Agriculture and Food Security, Senator Aliyu Abdullahi.

“With our careful observation and critical assessment of the Minister of Agriculture and Food Security, there has been tremendous efforts to galvanize the food system in the country, and with this sheer commitment we have seen there is a lot of impact in food production.

“Therefore, we commend the Minister for a job well done to ensure food on the tables of Nigerians, and no doubt Mr President in our own words reappointed and retained him to lead the agricultural and food security sector.

“We assure the Minister of our support to ensure food security is achieved under his leadership, and being a grassroots organisation we will ensure real farmers are empowered with the support from the Federal Ministry of Agriculture and Food Security.

“We wish him well, and encourage him to improve on what he has achieved so far and touch more lives of Nigerian farmers and investors in the agricultural sector.”

Dollar to Naira Exchange Rate Today, November 14, 2024, and Future Projections for Nigeria’s Economy

Current Exchange Rates

On November 14, 2024, the Dollar to Naira exchange rate in Nigeria’s black market, often referred to as the parallel market or Aboki fx, is a point of focus for many. Below are the details of the latest rates for November 13:

  • Buying Rate: N1735
  • Selling Rate: N1745

These rates are sourced from Bureau De Change (BDC) operators in Lagos. It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals seeking foreign exchange to approach their banks.

CBN Exchange Rate

According to the CBN, the official rates for November 13 are as follows:

  • Buying Rate: N1687
  • Selling Rate: N1688

Exchange rates can vary depending on the source, so the actual rate for buying or selling forex may differ.

Future Outlook: Naira’s Potential Weakness

A recent report from BMI, a subsidiary of Fitch Solutions, projects a significant devaluation of the Naira in the coming years. The study suggests that by 2028, the Naira could fall to ₦1,993 per US dollar, a considerable drop from the rate of ₦306/$ seen in 2018.

The report, titled “Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market Growth,” emphasizes the potential consequences for Nigeria’s economy, particularly the pharmaceutical and medical device industries, which rely heavily on imports.

Implications for the Medical Sector

The study predicts that the continued decline of the Naira will result in:

  • Higher costs for imported medical devices, as over 95% of these devices are sourced internationally.
  • Reduced consumer purchasing power, limiting the ability of patients and health systems to afford essential medical technologies.
  • Potential disruption in high-demand areas like diagnostics, orthopaedics, and dental products.

However, the report also suggests a silver lining: a weaker Naira could boost the competitiveness of locally manufactured medical devices. This might foster growth in domestic production, despite ongoing challenges such as outdated technology, insufficient infrastructure, and a lack of skilled labor, even with government incentives.

The forecast underscores both the obstacles and opportunities that a devaluing Naira presents for Nigeria’s economy and healthcare sector.

Gathering consensus, strength to address challenges of times

By Liu Lingling, Li Yingqi, People’s Daily

The world today is experiencing disorder, slowing growth, uneven development, and a loss of focus in governance. There is an urgent need for all parties to demonstrate the wisdom to see the changes, the ability to deal with the changes, and the courage to make changes.

The 31st APEC Economic Leaders’ Meeting and the 19th G20 Summit, which will be held in Lima, Peru’s capital, and Rio de Janeiro, Brazil this month, will serve as important opportunities for all parties to work together to address challenges and promote sustainable development.

Chinese President Xi Jinping will attend the two important meetings upon invitation. He will expound on China’s policies and propositions on advancing Asia-Pacific cooperation, as well as China’s firm support for multilateralism, an open world economy, and sustainable development, contributingChinese wisdom and solutions to keeping Asia-Pacific cooperation in the right direction and pushing for the reform of the global governance system.

Themed “Empower. Include. Grow” and “Building a Just World and a Sustainable Planet,” the 31st APEC Economic Leaders’ Meeting and the 19th G20 Summit will mirror the reality of the times and make common voices.

The emergence and development of the APEC and the G20 reflect the evolving trends of world multipolarity and economic globalization.

In the world today, changes on a scale unseen in a century are unfolding at an accelerating pace. The world economy faces multiple risks and challenges.

Should the world uphold multilateralism or tread the path of unilateralism? Should it adhere to open cooperation or allow protectionism to rise? Faced with this crucial decision, the APEC and G20 must conform to the trend of the times, and build an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization.

All countries, regardless of their size and strength, are equal members of the international community, and multilateralism is key to coping with global challenges. The APEC and G20 should take the lead in promoting multilateralism, uphold the principles of extensive consultation and joint contribution for shared benefits, and steer global governance in a fairer and more equitable direction.

In September last year, the African Union officially became a member of the G20, which marked a significant step in the development of the G20 mechanism and reflected the reform direction of the global governance system.This has given more representation and a greater voice to developing countries in global governance, which is necessary to uphold justice and fairness,and maintain global stability.

Development is the “golden key” to solving global challenges. To this end, all parties should work together to advance trade and investment liberalization and facilitation, create a just, fair, and non-discriminatory trade and investment environment, oppose all forms of protectionism, and build more bridges of cooperation while pushing back against the “small yard, high fence”approaches and trade barriers.

To promote global development cooperation, the APEC and G20 should take a people-centered approach, drive the full implementation of the U.N 2030 Agenda for Sustainable Development, put development back on the international agenda as a central priority, and make regional and global development more equitable, effective and inclusive, so that no country will be left behind.

Facing a new wave of scientific and technological revolution and industrial transformation, global development is presented with new opportunities and challenges.

The APEC and G20 should join forces to unleash the potential for innovation-driven growth and draw up rules based on extensive participation and broad-based consensus to foster an enabling environment for innovation-driven development. As China accelerates high-quality development, innovation holds the key to China’s development prospects.

In the face of environmental challenges, all countries are in a community with destinies linked, and no country can stay immune. The APEC and G20 should follow a people-centered approach andfoster a sound environment to buttress sustainable economic and social development worldwide.

China remains as determined as ever to pursue green developmentthat prioritizes eco-environmental conservation. It stands ready to enrich global supply with high-quality green technologies and products, so as to make greater contributions to the global fight against climate change and the global transition toward green and low-carbon growth.

The Third Plenary Session of the 20th Central Committee of the Communist Party of China has outlined a grand blueprint for further deepening of reform comprehensively to advance Chinese modernization.

The positive momentum of China’s steady economic growth is injecting positive energy into global economic recovery. Looking ahead, China will remain firmly committed to advancing high-level opening up to continuously provide new development opportunities for countries around the world.

Facing common challenges, common needs, and common responsibilities, China will work together with all parties to push for the reform of the global governance system, gathering consensus and strength to address the challenges of the times.

To contribute greater efforts to world peace, development

By He Yin, People’s Daily

Chinese President Xi Jinping will attend the 31st APEC Economic Leaders’ Meeting in Lima and pay a state visit to Peruat the invitation of President of the Republic of Peru Dina Ercilia Boluarte Zegarra.

Xi will attend the 19th G20 Summit in Rio de Janeiro and pay a state visit to Brazil at the invitation of President of the Federative Republic of Brazil Luiz Inacio Lula da Silva.

Against the backdrop of a weak global economic recovery and a multitude of global challenges, Xi’s visit to Latin America will contribute Chinese wisdom and solutions to keeping to the correct direction of Asia-Pacific cooperation, promoting global development, and improving global governance. This visit will also inject new impetus into the development of China-Peru, China-Brazil, and China-Latin America relations.

APEC is the highest-level and most influential economic cooperation mechanism with the broadest range in the Asia-Pacific region. Since its establishment more than 30 years ago, it has turned the region into a powerhouse for world economic growth, an anchor of stability for global development, and a pacesetter for international cooperation.

Since 2013, Xi has attended or chaired the APEC Economic Leaders’ Meetings and delivered important speeches, panning the shared future of the people in the Asia-Pacific region.

Chinese philosophy and plans have made positive contributions to promoting stability and prosperity of the region, from building an Asia-Pacific community with a shared future to forging an Asia-Pacific partnership based on mutual trust, inclusiveness and win-win cooperation, and from the Asia-Pacific dream to building a comprehensively connected Asia-Pacific.

Currently, the world economy is facing various risks and challenges, and as a global growth engine, the Asia-Pacific region bears greater responsibilities in this era.

During Xi’s attendance at the 31st APEC Economic Leaders’ Meeting, he will deliver an important speech, introducing China’s significant measures to deepen reform and opening up, and elaborating on China’s policies to advance Asia-Pacific cooperation. These efforts will help foster more consensus in promoting regional economic integration and building an open world economy.

The G20 is a major forum for international economic cooperation. It shoulders the important mission of stabilizing the world economy and unlocking growth potential.Xi has attended or chaired G20 Summits multiple times, providing important guidance on addressing significant practical challenges in global development and on improving global economic governance.

In the world today, changes on a scale unseen in a century are unfolding at an accelerating pace, and the Global South is rising collectively. The G20, bearing new expectations and embracing new opportunities for development, should fulfill greater responsibilities.

Xi’s attendance at the 19th G20 Summit demonstrates China’s firm support for multilateralism and underscores China’s high regard for G20 cooperation. Xi will deliver an important speech focusing on the theme of “Building a Just World and a Sustainable Planet,” engage in in-depth exchanges with leaders of other countries, work with all relevant parties to promote positive outcomes in upholding multilateralism, building an open world economy and advancing sustainable development. This will send a clear signal to encourage all countries to work together to cope with challenges and achieve common prosperity.

Peru is one of the first Latin American countries to establish diplomatic relations and a comprehensive strategic partnership with the People’s Republic of China. It is also the first Latin American country to sign a package of free trade agreements with China. In recent years, with joint efforts from both sides, cooperation between China and Peru has yielded fruitful results in various fields.

China and Brazil, both major developing countries and key emerging markets, are like-minded good friends and partners that join hands and move forward together. Over the past 50 years since the two sides established diplomatic relations, China-Brazil relations have maintained stable development, contributing to the two countries’ own development and revitalization and playing an important role in maintaining world peace, stability, prosperity and development.

Xi’s state visits to Peru and Brazil will further solidify bilateral political mutual trust, deepen practical cooperation, promote cultural exchanges, strengthen multilateral collaboration, and elevate the comprehensive strategic partnerships between China and Peru, as well as between China and Brazil, to new heights.

In 2014, Xi proposed the building of a China-Latin American and Caribbean (LAC) community with a shared future during his visit to Brazil, which received widespread and positive responses from Latin American countries.

Over the past decade, continuous progress has been made in building a China-LAC community with a shared future and the China-LAC relationship has ushered in a new era characterized by equality, mutual benefit, innovation, openness and more benefits for the people.

As members of the Global South, China and Latin American countries have firmly upheld world peace, promoted common development, and actively contributed to improving global governance.

Xi’s visit this time will further consolidate the consensus on unity and cooperation between China and Latin America, and promote the building of a China-LAC community with a shared future and the modernization of the Global South.

Pooling wisdom and forming synergy, China is willing to work with all parties to promote the spirit of partnership and deepen cooperation in various fields, so as to advocate an equal and orderly multi-polar world and inclusive economic globalization that benefits all, and contribute greater efforts to world peace and development.

APC Youth Leaders Accuse Party Insiders of Targeting Yahaya Bello, El-Rufai for Political Reasons

The All Progressives Congress (APC) Youth Leaders Forum (AYLF) has voiced strong concerns over what they describe as politically motivated actions against former Governor Yahaya Bello by the Economic and Financial Crimes Commission (EFCC). In a statement released on Tuesday, the youth leaders claimed that certain influential figures within the APC are behind what they perceive as a campaign of persecution, driven by ambitions related to the 2027 elections.

Claims of Politically Driven Harassment

According to the APC youth leaders, Yahaya Bello, who played a key role in the party’s success, particularly in Kogi State, is allegedly being targeted by EFCC due to internal power struggles. The group suggested that some prominent party members, with an eye on future political positions, are using anti-corruption agencies to weaken those who were instrumental in recent electoral victories.

The AYLF, representing youth members from Nigeria’s 36 states and the Federal Capital Territory (FCT), claimed that the former Kogi State governor’s legal troubles are an effort to diminish his political influence. The youth leaders emphasized Bello’s compliance with legal processes, suggesting he has been “on the side of the law” throughout his ongoing case. They argued that those directing these efforts against him are ignoring other figures they believe to be more deserving of scrutiny if genuine anti-corruption efforts are the goal.

Impact of Internal Party Tensions

The youth forum also voiced concerns over the treatment of other key party figures, including former Governor Nasir El-Rufai of Kaduna. They believe that the current harassment of significant party contributors like Bello and El-Rufai could damage the APC’s unity, as these individuals were pivotal in securing electoral wins for the party, particularly in the recent presidential and governorship elections.

Call for a Return to Focused Leadership

The AYLF’s statement, signed by National President Alh Abdullahi Danbaba and National Secretary Dr. Chike Ihedioha, urged President Bola Tinubu to demonstrate strong leadership in this period of internal strife. They called for the President to address what they view as undue harassment driven by a “2027 agenda” and to ensure that political rivalries do not harm the party’s reputation and governance goals.

The youth leaders are advocating for the withdrawal of what they termed politically motivated corruption cases currently under the EFCC, Independent Corrupt Practices Commission (ICPC), and other anti-corruption bodies. They stressed that allowing these agencies to operate free from political influence would restore credibility to the anti-corruption efforts and maintain party unity.

Emphasis on Fairness in Anti-Corruption Efforts

The statement concluded with a plea for the EFCC to focus on genuine corruption cases rather than being influenced by internal party politics. The AYLF underscored the importance of recognizing and supporting those who have significantly contributed to the party’s growth, warning that failure to do so could lead to internal fractures that might impact the APC’s future success.

By highlighting the internal challenges within the ruling party, the APC youth leaders have brought attention to the broader issue of how political maneuvering can influence anti-corruption measures, a key area of public and political interest in Nigeria.