News
Peter Obi Blasts Power Failures and Urges Leadership to Fix Nigeria’s Grid Crisis
Peter Obi, former governor of Anambra State and 2023 presidential candidate, has voiced his concerns about the recent collapse of Nigeria’s national grid.
In a scathing statement, Obi called the recurring grid failures a “national shame” and a clear sign of failed leadership.
For years, Nigerians have endured a power system that is unreliable, contributing to the slow growth of the economy and the hardships of daily life.
Obi highlighted that Nigeria’s power infrastructure, which produces less than 10,000 megawatts of electricity, pales in comparison to other African nations.
South Africa, which now holds the title of the largest economy on the continent with a GDP of about $400 billion, generates over 40,000 megawatts, despite having just 30% of Nigeria’s population.
Egypt, the second-largest economy with a GDP of about $350 billion, also generates more than 40,000 megawatts.
Even Algeria, with a GDP of $300 billion and only 20% of Nigeria’s population, surpasses Nigeria in electricity generation, producing over 50,000 megawatts.
This wide disparity in power generation, Obi argues, is not just about infrastructure.
It reflects a larger issue of poor governance and lack of vision by Nigeria’s leadership over the years.
He pointed out that the power crisis, among other factors, has caused Nigeria to drop from being the largest economy in Africa to the fourth, a sharp fall from its potential.
Obi’s comments come after yet another collapse of the national grid, plunging large parts of the country into darkness.
It’s a recurring problem that has persisted for decades, one that experts and citizens alike have described as frustrating and debilitating for the economy.
The frequent collapses expose the fragility of Nigeria’s electricity infrastructure and leave millions of small businesses and industries struggling to cope.
Obi mentioned how critical power is to small and medium enterprises (SMEs), which he described as the engine of job creation in Nigeria.
He noted that these SMEs are major contributors to the nation’s GDP, and without reliable electricity, their growth is stunted.
Obi’s message also touched on the broader failures of Nigeria’s leadership. He emphasized that for years, Nigerian governments have failed to prioritize the needs of the people.
The absence of consistent power supply is just one symptom of a governance deficit that affects many areas of development.
Obi stressed the need for urgent reforms, urging Nigerians to demand better governance.
In recent years, the country has faced numerous challenges, including high inflation, an unstable exchange rate, rising insecurity, and declining foreign investment.
The power crisis has only worsened these issues. Critics argue that successive governments, including the current administration led by President Bola Tinubu (Tpain), have not done enough to fix the broken system.
Despite promises and reforms, there has been little progress in improving electricity supply.
As South Africa, Egypt, and Algeria continue to outpace Nigeria in electricity generation, it raises questions about Nigeria’s leadership and policy direction.
Obi urged for a new approach that prioritizes measurable outcomes, such as power generation, education, and healthcare, rather than empty rhetoric.
He called for “urgent, comprehensive reform” to tackle the root causes of the problem and move Nigeria toward sustainable development.
In his closing remarks, Peter Obi expressed his belief that a new Nigeria is possible.
He has consistently championed good governance, transparency, and accountability as the foundation for national growth.
His vision for Nigeria, which he shared during his presidential campaign, remains centered on creating a country where every citizen can access the resources and opportunities needed to thrive.
As the conversation around Nigeria’s power crisis continues, many Nigerians hope for a lasting solution that will end the constant blackouts and put the country back on the path to economic growth.
Obi’s statement echoes the frustrations of millions of Nigerians who want a government that truly works for the people, prioritizes their well-being, and addresses the core issues holding the nation back.
News
“Faithful Soldier of Christ” – Damilola Bamiloye Honors Late Korede Are
Damilola Mike-Bamiloye, the son of the renowned Christian filmmaker and evangelist Mike Bamiloye, recently took to Instagram to pay tribute to his late mentor and father figure, Korede Are, whom he affectionately referred to as “Daddy Korede.”
In an emotional post, Damilola remembered him as a dedicated servant of God who sacrificed comfort, recognition, and even his own needs to further the gospel.
He expressed deep admiration, saying Daddy Korede tirelessly ensured that the word of God reached the most remote corners of the world.
Damilola, himself a notable figure in Christian entertainment, known for his work with Mount Zion Faith Ministries, mentioned how Daddy Korede embodied selflessness.
He described him as someone with a “heart of pure gold,” a man who lived with unwavering faith and integrity until his very last moments.
According to him, Daddy Korede didn’t seek fame or praise; instead, he remained committed to his calling, consistently honoring God with his gifts, passion, and humility.
As Damilola mourns, he also rejoices in Daddy Korede’s “glorious finish”—a life he says was celebrated by God Himself. Daddy Korede may have departed, but his legacy lives on, continuing to influence countless lives within the Christian community.
Business
CBN and Finance Ministry Share Concerns Over Investment and Securities Proposed Bill
Concerns have been raised by The Central Bank of Nigeria (CBN) and the Ministry of Finance, concerning the Investment and Securities Bill which was proposed. The bill aims to replace 2007 Act and to update capital market regulations.
The CBN representative, Dr Tukur at the National Assembly hearing, opposed to the granting of the Securities and Exchange Commission over the public companies.
The Finance Minster, Wale Edun also emphasize on the impact of the bill and the provision it will offer the SEC board members. However the SEC Director General defended the bill and stated it has a benefitting role in Nigeria’s capital market globally.
News
Kebbi Government Suspends Staff Members On Land Fraud Investigation
The Kebbi Sate Government suspends staff members from the Ministry of Lands and Housing who were involved in the illegal sales. Commissioner Muhammad Dangi-Juli speaks on operating a thorough investigation on the land fraud.
It was revealed that there are two suspects who are part of this fraud mishap, they were both arrested and will face the law. The other suspects are still being chased down, arrested suspects confessed and exposed their partners in the crime.
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