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2027: Nigerians Will Remember Jonathan’s Dismal Record in Office–Presidency

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By Modupe Gbadeyanka

The presidency has boasted that President Bola Tinubu is not rattled by the idea of bringing former President Goodluck Jonathan into the 2027 presidential race.

In a statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, it was emphasized that Mr Jonathan was free to attempt to return to Aso Rock in 2027.

It was noted that Mr Tinubu has transformed the economy in his two years in office, stating that he was not perturbed by “the desperation of the opposition ganging up against President Bola Tinubu despite his glaring giant economic strides.”

Recall that recently, a former Minister of Information and National Orientation, Mr Jerry Gana, said Mr Jonathan would be drafted into the 2007 presidential race.

In the statement, Mr Onanuga cautioned Mr Jonathan to be wary of the People’s Democratic Party (PDP) sugar-coated cheerleaders, saying “politicians of Jerry Gana’s ilk merely want to lure him into the race to satisfy their personal, political, religious, and ethnic interests. They will abandon him midstream, as they did in 2015, and leave Gentleman Jonathan in the lurch.”

“Don’t get us wrong: President Jonathan reserves the right to run if he wishes. It is his inalienable right to contest the presidency again. President Tinubu will wholeheartedly welcome him if he decides to enter the race. But Jonathan will have his date in the court of the land. Indeed, the jury will determine whether Jonathan, who was sworn in twice as president, satisfies the constitutional requirements and is eligible to contest the presidency and be sworn in, if successful, for a third term in office.

“Shorn of all those selfish considerations for which some PDP big guns find his candidacy appealing, President Jonathan will also have his encounter with the people as to whether he has anything new to offer after his disastrous six years, for which they voted him out in 2015.

“Let us remind ourselves about Jonathan’s record. We cannot forget in a hurry how his regime, devoid of any clear economic agenda, engaged in frivolous spending, ran the economy aground and put the country in dire straits. The nation’s economic downturn, which President Tinubu is working very hard to overcome, actually began under President Jonathan. The Jonathan administration severely damaged the economy, and all key indicators declined under his watch. Under him, the so-called business moguls allocated foreign exchange to import fuel, simply pocketing the dollars without importing anything. Some of those big men still have court cases on the issue today.

“Jonathan and his National Security Adviser, Col. Sambo Dasuki (rtd), freely distributed security funds to friends and cronies.

“In 2010, President Jonathan inherited a total of $66 billion, of which $46 billion was in foreign reserves and $20 billion in the noble-but-abused Excess Crude Account. By 2015, when the people democratically removed him from office, the foreign reserves had fallen below $30 billion, and the Excess Crude Account had been depleted to $2 billion, despite generating record revenue from crude oil sales that the country had never achieved in more than 25 years combined.

“It is on record that between 2010 and 2013, crude oil sold for an average of $100 per barrel. By December 2014, however, the Jonathan-led Federal Government could no longer pay salaries to Federal Civil Servants. At least 28 states across the country owed workers huge salary arrears.

“In contrast, President Tinubu has taken bold decisions over the last 28 months to reset the economy, removing the ruinous fuel subsidy and abolishing multiple exchange rates, which paved the way for arbitrage to flourish. The President has stabilised the economy in slightly over two years in office. In 2025 Q2, the Gross Domestic Product grew by 4.23%, the highest in four years, outpacing the 3.4% projected by the International Monetary Fund. Inflation decreased to 20.12% in August 2025, the lowest level in three years. The foreign reserves stand presently at $42. 03 billion. The Naira has virtually stabilised. Investor confidence in our economy has been restored, and investors are betting on Nigeria.

“In plain language, the nation has turned the corner. And our people have started reaping the gains of the bold reforms instituted by the Tinubu administration. Road infrastructure is being boosted. Old roads are being reconstructed while new ones, like the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Highway, among others, are springing up. The government is addressing security issues in some parts of the country.

“We can go on and on, reeling out the many macroeconomic gains of the Tinubu administration. However, the point is that the PDP and Jerry Gana’s co-travellers broke the economy; President Tinubu is fixing it.

“President Jonathan and others are welcome to the 2027 race. They broke the economy before, but millions of Nigerians, who will not easily forget the recent past, will not allow them to return and run it down again,” the statement noted.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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NMDPRA Shuts Down Two Petrol Stations in Ogun for Under-Dispensing

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By Adedapo Adesanya

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed two fuel stations in Ogun State engaging in under-dispensing of petroleum products and non-compliance with the Petroleum Industry Act of 2021.

Leading the enforcement team around the Akute-Ajuwon axis of the state, the Head of Distribution Systems Storage and Retailing Infrastructure, Mr Olufemi Adebowale, said the move became imperative in view of repeated breaches of regulatory requirements by the affected stations and the need to protect the rights of consumers from sharp practices.

According to him, the development is part of its ongoing efforts to enforce compliance with industry regulations, protect consumers from sharp practices, and ensure that petroleum marketers dispense the correct quantity of products across the state.

He explained that records available to the authority showed that the fuel stations have consistently violated regulatory compliance by under-dispensing petroleum products, illegally breaking official seals placed on the facility, and resuming operations without authorisation.

According to him, such actions amount to a violation of the Petroleum Industry Act 2023 and undermine efforts to protect consumers from exploitation.

“The Nigerian Midstream and Downstream Petroleum Regulatory Authority is carrying out a lawful enforcement on this facility. Our records have consistently shown that this company has been violating regulatory compliance.”

“It is high time we made it clear that they cannot continue to under-dispense products, deliberately remove our seals, and believe that nothing will happen; that is why we are here to enforce the provisions of the Petroleum Industry Act 2023 he said.

“When it comes to under-dispensing, they are cheating members of the public by not selling the correct quantity of fuel. Also, once a station is sealed, it has no authorisation to operate. But this station deliberately removed our seal and continued operations, which is against the law.”

Mr Adebowale disclosed that the authority has been monitoring the station’s activities since 2025, describing the violations as persistent despite several enforcement actions.

He revealed that the affected station had been sealed no fewer than six times within the period, but continued to remove the authority’s seals and ignore invitations extended by the regulator.

“From our records, this has been happening since last year. The station has also refused to honour our invitations. It has been sealed not less than six times, yet it keeps removing our seals and resuming operations.”

On the sanctions awaiting the operators, Adebowale said the authority had served the stations with enforcement notices, while the facilities would remain shut until all stipulated conditions are met.

He added that the NMDPRA management would also consider suspending the operating licence of the affected stations, while also sending a strong warning to any fuel station intending to go against the rules of PIA.

“That is against the rules. They do not have any right to operate until we authorise them to do so. This is a clear deviation from regulatory compliance. According to the Petroleum Industry Act (PIA), when this happens, we must carry out enforcement, and that is why we are here today.

​Beyond conducting this exercise, we are also using this opportunity to address the public through the media. As long as operators are doing the right thing, they have nothing to fear. However, for those going against compliance levels—whether through under-dispensing or direct violation of our seal—all necessary enforcement, penalties, and sanctions will be strictly applied against such offenders.”

“A letter has been served, the station has been completely shut down, and they must meet all the conditions, including payment of the applicable penalties. We are also looking at suspending the operating licence, subject to management’s approval,” he said, warning that any further attempt to tamper with the seals or resume operations illegally would attract criminal prosecution.

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NPA Introduces Phased Truck Entry to Ease Apapa Port Congestion

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Apapa Port Congestion

By Adedapo Adesanya

The Nigerian Ports Authority (NPA) says it has moved to reduce port gridlock by releasing trucks into Apapa and Tin Can ports in scheduled batches based on terminal demand, while enforcing strict rules against indiscriminate parking on port access roads.

The General Manager, Lagos Port Complex, Mr Debo Lawal, said the NPA management, led by Managing Director, Mr Abubakar Dantsoho, was committed to ending indiscriminate truck parking around the ports and aligning operations with global best practices.

He said the authority was working with Truck Transit Parks Limited (TTP) to regulate truck movement into terminals through a phased release system.

According to him, trucks will now be released in scheduled batches based on terminal demand, instead of allowing all approved trucks to enter the port corridor simultaneously.

“If a terminal requires 100 trucks, they will not all be released at once. They will come in batches to reduce pressure on the port access roads,” he said in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos.

Mr Lawal said a joint task force had been clearing Apapa and Tin Can port access roads since June 26, 2026, operating until about 8 pm daily to prevent indiscriminate parking.

He added that another clearance exercise would soon be conducted to sustain the gains and prevent a return to the persistent gridlock that previously characterised the port corridors.

The port manager, however, urged truck operators to support the initiative by exiting the port environment immediately after loading or offloading cargo.

He noted that some truck drivers still parked along access roads after completing port operations, despite repeated engagements by the authority.

“We engage truckers and their leadership every day, but enforcement will continue alongside sensitisation to ensure compliance,” he said.

On infrastructure, Mr Lawal said the federal government, through the NPA, had begun payment of the five per cent counterpart funding required for the 726 million dollar port rehabilitation project.

He disclosed that preliminary activities, including borehole drilling and site investigations, had been completed, while contractors were expected to mobilise to the site before the end of July.

According to him, a technical stakeholders’ meeting was held on July 7, while a broader stakeholders’ review was scheduled for July 13 to assess progress and address implementation gaps.

Mr Lawal said the rehabilitation project, alongside ongoing reforms, was aimed at reducing cargo clearance time, eliminating documentation bottlenecks and improving operational efficiency at the nation’s seaports.

He added that the National Single Window project was about 80 per cent completed, with a dedicated office already established near the port to improve inter-agency coordination.

According to him, the digital platform will integrate banks, the Nigeria Customs Service, shipping companies and other government agencies to improve efficiency, plug revenue leakages and enhance revenue collection.

Mr Lawal expressed confidence that improved digitisation, reduced human interference and more efficient truck management would strengthen Nigeria’s trade competitiveness and enhance operations at the Apapa and Tin Can ports.

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Pension Harmonisation to Restore Fairness for Retirees—PTAD

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PTAD

By Adedapo Adesanya

The Pension Transitional Arrangement Directorate (PTAD) has said the implementation of the Defined Benefit Scheme Pension Harmonisation is a reform meant to advance and enhance pension payment equity in the country.

The chief executive of PTAD, Mrs Tolulope Abiodun Odunaiya, said this initiative was a landmark reform designed to restore fairness, improve retirees’ welfare and strengthen confidence in the administration of the country’s legacy pension system.

The harmonisation exercise marks one of the most significant policy interventions in the Defined Benefit Scheme since PTAD was established in 2013 to take over the management of pensions under the old federal pension arrangement.

Unlike periodic pension increases that merely raise existing benefits by a percentage, she stressed that pension harmonisation was further than that by recomputing pensions using the latest approved salary structures that existed before the closure of the Defined Benefit Scheme.

She noted that the objective is to ensure that retirees who held similar positions and rendered comparable years of service receive equitable pension benefits regardless of their retirement dates.

The initiative comes against the backdrop of years of agitation by pensioners over historical disparities in pension computation.

She added that the PTAD’s harmonisation programme seeks to resolve that challenge by restoring parity within the system. According to her, pension harmonisation is the formal recomputation of pensions using approved salary structures applicable before the DBS cut-off date.

In practical terms, it ensures that pension outcomes are determined by rank, grade level and years of service rather than the year of retirement.

The Directorate believes the exercise will significantly improve social justice by correcting historical inequities that disadvantaged thousands of retirees.

The harmonisation applies primarily to pure Federal Government pensioners as well as eligible retirees under the Parastatals Pension Department (PaPD), Defunct and Transferred Agencies Pension Department (DTAPD), and the Education and Health Pension Department (TEHPD), particularly those who initially served under the Federal Government before their agencies were transferred to state governments.

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