Today's Headlines: Nigeria has failed Africa —Obasanjo, Labour Party rejects Tribunal Judgement
Nigeria has failed Africa — Obasanjo
Photo Credit: Vanguard
Former President Olusegun Obasanjo said Nigeria has failed the African continent specifically, and the world at large.
Obasanjo stated this in Abuja while giving the keynote address at the public presentation of the book titled, “Reclaiming the Jewel of Africa,” written by former Minister of Industry, Trade and Investment, who also served as Minister of Finance, Olusegun Aganga.
President Bola Tinubu, represented by his Special Adviser on Monetary Policy, Olawale Edun, unveiled the book.
Obasanjo said, “Over the last 63 years, we have not lived up to expectations. We have disappointed ourselves; we have disappointed Africa; we have disappointed the black race; and we have disappointed the world.”
He, however, added that “what Segun (Aganga) has tried to identify, itemise and recommend in his book is the way forward.
Labour Party rejects Presidential Election Petition Court Judgement
The Labour Party has rejected the judgment of the Presidential Election Petition Court upholding the declaration of Bola Tinubu of the All Progressives Congress, APC, as winner of the February 25, 2023 election.
National Publicity Secretary of the party, Obiora Ifoh, made the party’s position known in Abuja, shortly after the court announced its decision.
Ifoh said, “The Labour Party watched with dismay and trepidation the dismissal of petitions by the five-man panel of the Presidential Election Petition Court led by Justice Haruna Tsammani today and we reject the outcome of the judgment in its entirety because justice was not served and it did not reflect the law and the desire of the people.
“Nigerians were witnesses to the electoral robbery that took place on February 25, 2023, which was globally condemned but the Tribunal in its wisdom refused to accept the obvious.
FG hikes price of electricity meters
The Federal Government, on Wednesday, announced an increase in the prices of single-phase and three-phase pre-paid electricity meters, and declared that the price changes will take effect from September 6, 2023.
It announced this in an order released by the Nigerian Electricity Regulatory Commission with the number, NERC/2023/020, and jointly signed by the commission’s Chairman, Sanusi Garba, and its Commissioner, Legal, Licencing and Compliance, Dafe Akpeneye.
In the order, the FG stated that a single-phase meter would now cost N81,975.16k from the previous price of N58,661.69k, while the price of a three-phase meter was raised to N143,836.10k from N109,684.36k.
On why it increased the costs of the meters, the NERC said it was to ensure fair and reasonable pricing of meters to both Meter Asset Providers and end-user customers.
NLC ends two-day warning strike
The Nigeria Labour Congress (NLC) has announced an end to its two-day warning strike.
The union has now directed its members all over the country to resume work.
In a statement on Wednesday, NLC President, Joe Ajaero, claimed a significant stride was achieved.
Labour had embarked on a two-day nationwide strike on Tuesday and Wednesday, over unfulfilled agreements by the Federal Government on petrol subsidy removal.
The decision by the labour crippled economic and commercial activities in several states of the federation.
“We are pleased to report that, thanks to your resolute commitment, we have made significant strides in achieving the goals set during our National Executive Council (NEC) meeting, which prompted the initiation of this warning strike,” Ajaero said.
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