Gunmen Bomb Imo INEC Headquarters
By Chris Njoku
Heavily armed hoodlums on Monday bombed the Independent National Electoral Commission (INEC) headquarters along Owerri Port Harcourt road in Imo State, killing two policemen.
The gunmen threw grenades through the commission’s fence, destroying several offices and vehicles parked within the premises. However, the police stationed at the INEC office engaged the gunmen in a heavy shootout, leaving three of the gunmen wearing charms and Biafra camouflages dead. It was gathered that some of the policemen were critically wounded while several of the hoodlums sustained multiple bullet injuries before they fled towards Onitsha road. But police reports said the gunmen killed one policeman and injured one in the gun duel that lasted for an hour and kept the residents of Owerri, the state capital awake throughout the night. NEC public relations officer, Dr. Chinenye Chijioke-Osuji confirmed the attack to The Nation. INEC Head of Department, Voter Education and Publicity (VEP), Mrs. Emmanuella Opara, said some parts of INEC State office like the EPM(Election and Political Party Monitoring and Liason) building were completely burnt while the Accounts and Servicom depts were also torched…………….READ MORE
BREAKING: Defence Headquarters on Fire
By Adeola Bodunrin
A fire incident occurred on the second floor of the Defence Headquarters, Garki, Abuja on Monday afternoon. A statement by the Director, Defence Information, Major-General Jimmy Akpor, obtained by POLITICS NIGERIA, confirmed the development. “The incident has been brought under control with the combined effort of the military and Federal Fire Service personnel and resources. All personnel and civilian staff were also evacuated without injury or loss of life. “Accordingly, normalcy has returned. Investigation to determine the cause of the fire incident has commenced immediately. “We thank the Federal Fire Service and the entire public for the continued support and goodwill to the Armed Forces of Nigeria,” a statement by the Defence Headquarters reads……………READ MORE
Why I Deleted Tweets Condemning Deborah Samuel’s Murder for Blasphemy – Atiku
By Ripples Media
The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, on Sunday explained why he deleted the tweet condemning the murder of a second-year student of Shehu Shagari College of Education in Sokoto. Deborah Samuel. Deborah was lynched by a mob for alleged blasphemy in May. The former Vice President who condemned the heinous act on his Twitter handles later deleted the post to the chagrin of Nigerians. Abubakar’s decision generated reactions from Nigerians on social media with many berating him for exhibiting double-standard on the matter. Efforts by the PDP candidate to placate Nigerians on the matter had however fallen on deaf ears. Abubakar, who spoke at Channels Television’s town hall meeting in Abuja, said the removal of the tweet was not approved by him. The former Vice President insisted that he condemned the unlawful killing in his subsequent reactions. He said: “I have been asked this question several times, and the answer I always give is, I deleted the tweet because I didn’t approve it. I normally approve of every tweet. So I asked the tweet to be deleted because I didn’t approve it………..READ MORE
Debt Servicing to Gulp 123% of 2023 Revenue
By Sami Tunji
The World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new World Bank Lead Economist for Nigeria, Alex Sienaert, in November 2022, which was obtained by our correspondent. The document was entitled, ‘Nigeria Public Finance Review: Fiscal Adjustment for Better and Sustainable Development Results.’ The document projected that debt servicing would gulp 100.2 percent of Federal Government revenue by the end of 2022. This was a decline from the earlier projection in its October Africa’s Pulse report, which is a biannual analysis of the near-term macroeconomic outlook for the region, published during the World Bank/IMF Spring and Annual Meetings in April and October. In Africa’s Pulse report, the Washington-based bank said that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022. It described the public debt in Nigeria as concerning due to the rising debt service-to-revenue ratio. This was a decline from the earlier projection in its October Africa’s Pulse report, which is a biannual analysis of the near-term macroeconomic outlook for the region, published during the World Bank/IMF Spring and Annual Meetings in April and October. In Africa’s Pulse report, the Washington-based bank said that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022. It described the public debt in Nigeria as concerning due to the rising debt service-to-revenue ratio. However, the situation would be dire in 2023 as debt survival would exceed 118 percent of revenue reported in the first four months of 2022. In his presentation document, the World Bank’s lead economist for Nigeria noted that borrowing more money was not the solution for Nigeria. The document read, “Borrowing more is not the solution: debt costs are rising rapidly, squeezing non-interest spending………. READ MORE