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Peter Obi Calls for Government Use of Borrowed Funds for Job Creation and Living Standards

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cc: Peter Obi

Peter Obi, the 2023 Labour Party (LP) Presidential Candidate, has called on the Nigerian Government to utilize borrowed funds to create jobs and enhance the standard of living. Obi expressed concern over the government’s borrowing, which amounted to an alarming N121.86 billion in the first quarter. He emphasized that borrowing several trillion naira within just three months underscores the urgent need for careful and responsible financial management.

Posting on X, Obi wrote: “I have consistently maintained that borrowing is not inherently problematic, as long as it is utilized for productive purposes that drive economic growth and development.

“The recent report at the end of the first quarter indicates a significant increase in our government’s borrowing, reaching a staggering N121.86 trillion.

“This rapid accumulation of debt is alarming, and if this borrowing trend continues at the current rate, we can expect the total to surpass N150 trillion by the end of the year.

“If the borrowed funds are used for consumption or misallocated, we risk worsening our economic situation, perpetuating a cycle of debt and hindering our ability to achieve sustainable economic growth and development.

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“On the other hand, if the funds are channeled into productive endeavors such as infrastructure development, education, healthcare, and entrepreneurship, we can expect positive outcomes that benefit our economy and citizens in the long run. As I recall, the law governing borrowing is explicit, requiring detailed explanations of the intended use, timing, and other relevant parameters.

“It is essential to ensure that borrowed funds are allocated efficiently and effectively to drive economic growth, create jobs, and improve the standard of living of the majority of our citizens. I respectfully request accountability for the massive borrowings, which have burdened our nation’s future. For the sake of our children and unborn generations, transparency and good governance, a detailed breakdown of how these funds have been utilized and demonstrate their tangible impact on our country’s growth and development should be provided. In conclusion, I urge policymakers and stakeholders to exercise caution and prudence in managing our national debt, ensuring that borrowing is utilized for productive purposes that benefit our economy and citizens.

“By doing so, we can promote sustainable economic growth, development, and prosperity for all Nigerians for generations to come. Our future stability and prosperity depend on prudent management of resources. -P0”


 

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Police Arrest Suspected Child Trafficker in Imo, Rescue Three Stolen Children

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The Imo State Police Command’s Quick Intervention Team has arrested a suspected child trafficker, Mrs. Chinelo Onwuasonya, 36, and rescued three abducted children.

Onwuasonya, described as a notorious figure in child trafficking, was apprehended on Wednesday at Amajeke Park, Owerri, with the children she allegedly abducted from different locations in the state.

Commissioner of Police, Aboki Danjuma, praised the operation, stating that the children—Chinecherem Eze (3), Delight Eze (1), and Okeke Favour (3)—have been reunited with their families.

“This success highlights our commitment to protecting children and combating trafficking. We urge the public to report any suspicious activities,” Danjuma said, reaffirming the command’s dedication to eradicating child trafficking in Imo State.


 

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Florida Mother Arrested for Allegedly Drowning 14-Year-Old Daughter

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A 14-year-old girl, Giselle Glover, tragically lost her life after her mother, Kelsey Glover, 35, allegedly held her head underwater in a bathtub.

Osceola County Sheriff Marcos Lopez stated that deputies responded to an “armed disturbance” at the Poinciana home on Wednesday, November 20. Upon arrival, officers found Glover attempting to attack witnesses with a hammer after the incident.

Despite attempts to save Giselle, she was found unresponsive and pronounced dead at the hospital. Witnesses reported that they tried to intervene but were unsuccessful in stopping the attack.

Glover, who is being held without bail, faces charges of aggravated assault and battery, with additional charges pending. Authorities are investigating her motives, as she has been uncooperative so far.

Officials confirmed a prior domestic issue involving Glover, where she allegedly attacked her daughter’s father.

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IPOB Disowns Simon Ekpa Due to His Arrest And Calls for Focus on Biafra Struggle

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Photo source: Google

The Indigenous People of Biafra (IPOB) have urged their members to stay focused on their mission to achieve an independent Biafran state and remain calm amidst the arrest of Simon Ekpa, who describes himself as the Prime Minister of Biafra in Exile.

In a strong condemnation of Ekpa’s actions, IPOB emphasized that every crime has its consequences.

Emma Powerful, the group’s spokesperson, clarified that Simon Ekpa is not, and has never been, a member of IPOB. He accused Ekpa of using violence to destabilize the South-East region since 2021.

In a detailed statement, Powerful said, “Simon Ekpa has no affiliation with the global IPOB family or its leadership.

Despite false narratives claiming otherwise, he has never been registered as a member in Finland or any other part of the world.”

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Powerful reiterated that IPOB, under the leadership of Nnamdi Kanu, has consistently pursued a peaceful path toward achieving Biafra’s independence.

“Mazi Nnamdi Kanu founded IPOB as a non-violent movement dedicated to self-determination through a United Nations-supervised referendum.

Despite repeated provocations and violent crackdowns by the Nigerian government, we have remained steadfast in our peaceful approach for over two decades,” he explained.

Ekpa, however, has been accused of exploiting the Biafran cause for personal gain.

“Many innocent Biafrans, driven by their passion for the Biafran struggle, initially believed in Simon Ekpa’s rhetoric.

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Unfortunately, they later realized he was a destructive force, funded to undermine IPOB’s efforts.

He has recruited violent criminals under the guise of fighting for Biafra and formed the so-called Biafra Liberation Army, which has carried out atrocities in the Eastern region,” Powerful added.

Ekpa, who leads the self-proclaimed Biafra Government in Exile (BGIE), has been linked to violent activities that have harmed civilians.

Powerful accused both the Nigerian and Finnish governments of protecting Ekpa from accountability for his alleged crimes. Despite this, IPOB expressed confidence that justice would prevail.

The statement ended with a call for unity and focus: “We urge all IPOB members, Biafrans, and supporters of our cause to remain calm.

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Our objective remains the same—to restore Biafra’s sovereignty through peaceful means.

No amount of sabotage can deter us from this goal.”


 

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