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‘Squandered Weatlh’: PDP Still Has Questions to Answer – Buhari

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President Muhammadu Buhari has said the Peoples Democratic Party (PDP) owes Nigerians explanations on how it expended the resources that accrued to the country from oil sales between 1999 and 2014.

Mr Buhari also described the 16 years of rule of the PDP as an era of “unprecedented, irresponsible expenditure”.

He said this during an audience with the leadership of organised labour comprising Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) led by the NLC president, Ayuba Wabba, who were on a congratulatory visit.

According to the president, the PDP has not been able to successfully explain to Nigerians what they did with the funds during the period they led the nation “as no tangible infrastructure was built”.

Mr Buhari, recalling the negotiations that led to the approval of the N30,000 minimum wage, said he had to ask the minister of labour and employment, Chris Ngige, to remind the workers what his administration met on ground and what it has been able to achieve with minimal resources.

“During your negotiation with the minister of labour and when he briefed us in council on N30,000 minimum wage, I gave an analogy of a mad woman, who went to fetch firewood but then she realised it was too heavy for her to carry, instead of reducing it, she added more,” he said.

According to the president, “we are struggling to survive as a nation. You (workers) knew what this country was earning between 2009 and 2015, you knew the state of infrastructure when we came in. God gave them (PDP) 16 years of unprecedented earnings. Multiply 2.1 million (barrels) by $100 by 16 years. I don’t think the PDP has been able to successfully explain to Nigerians what they did with that money.”

‘Where is the power?’

Mr Buhari said the opposition party spent $16 billion on power and Nigerians are asking: “where is the power?”

”I appealed to you through our mutual friend, the minister of labour, to tell you where we found the country, where we are, and what we have been able to do with the resources available to us,” he said .

“Oil production from 2.1 million barrels per day went down to half a million. The militants were unleashed on this administration, and yet as confirmed by your leader, we had to ensure pensioners who were dying collected their entitlements. So really, there was terrible management of this country in last 16 years and we are just trying to make up.”

Mr Buhari said he was looking forward to labour’s continued support.

“As we go to the polls this weekend, my prayer is that we also conduct elections in a non-violent manner,” he said.

Mr Buhari said the government will remain focused on its promises which remains security, economy and fighting corruption.

”I want to assure you that the next four years will be peaceful, prosperous and corruption free. I therefore look forward to receiving your proposals so that together we can achieve these goals,” he said.

Labour responds

Mr Wabba, in his remarks earlier assured Mr Buhari that the workers are partners in progress.

”Government and labour are primarily partners in progress. The success of government is linked to its workers. And the success of workers is linked to government,” he said.

The NLC president said one of the finest hours of labour with any president of the country was when Mr Buhari’s pressed states to pay salaries and pension.

“We all remember the special bailout, Paris club refund and budget support package you introduced to support state governments during the recession. Your directive during this intervention was state governments must offset accumulated arrears of salaries and pension liabilities. I remember your publicly and openly asked state governors, “how do you manage to sleep at night when the salaries of workers in your state are not paid?

“For us, that was one of the finest moments we have had with any President in this country…I can stand here today and say your intervention was the difference between life and death for many workers.”

Mr Wabba also commended the president for paying off the pension and accumulated entitlements of disengaged staff of Nigeria Airways and many other pensioners whose pension had been left to accumulating by successive governments.

The NLC president urged Mr Buhari to focus on job creation for unemployed youth, provision of affordable power across the country, reactivation and upgrading of the nation’s refineries and pipelines infrastructure, and continued diversification of the economy.

”Mr President should also focus on increased funding for agriculture research, upgrading of hospitals and academic institutions, revitalisation of the public service and revisit the tenure policy which has made the civil service top heavy resulting in indiscipline and stagnation,” he said.

The labour leader also appealed to the National Assembly to pass the National Minimum Wage Act, while also asking the President to thereafter sign it into law within the shortest possible time.

Other demands

Mr Wabba urged Buhari to inaugurate the Boards of National pension commission (PENCOM), National Insurance Fund Trust, the Micheal Imoudu, National Institute for Labour Studies and National Labour Advisory Council.

”These institutes are key pillars in Labour-government relations. The activation of the boards will surely ensure our successes to date are taken to the Next Level. Please be rest assured we are ready to do our bit,” he said.

The N30,000 minimum wage bill has passed the first and second readings at the Senate after President Buhari transmitted the draft legislation to the lawmakers.

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Why Tinubu Was Absent at Commissioning of Sanwo-Olu’s Projects in Lagos – Presidency

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The Presidency has come up with reasons behind President Bola Tinubu’s absent at the commissioning of Governor Babajide Sanwo-Olu’s projects in Lagos, on Wednesday.

Tinubu was noticeably absent at the scheduled project commissioning in Lagos, sparking public curiosity.

However, Sunday Dare, his Special Adviser on Public Communications and Orientation, has clarified the reason behind the last-minute development.

Speaking during an interview on Channels Television, Dare revealed that the President had to prioritise urgent national security matters over the event.
According to him, although Tinubu is currently in Lagos, he has been deeply engaged in high-level State duties, particularly ongoing security briefings tied to recent developments across the country.

“The president has been busy taking constant briefs and has to prioritise when it comes to state matters, especially security,” Dare stated.

He referenced rising security concerns, including recent unrest linked to incidents in Jos, noting that the President has been closely monitoring the situation and working directly with intelligence agencies.

Dare emphasised that Tinubu remains fully engaged behind the scenes, actively coordinating with security operatives and receiving continuous updates to address emerging threats.

The absence, he stressed, should not be seen as neglect of official duties but rather a reflection of the President’s focus on safeguarding national stability at a critical time.

Tinubu skipped the Lagos commissioning not out of disregard, but to handle pressing security issues demanding immediate presidential attention.

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Benin Republic 2026: Romuald Wadagni, The President in Waiting

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By Eric Elezuo

As the presidential election draws very close, one man stands taller than most of the candidates that would be on the ballot paper, or may have been on the ballot paper as far as the presidential election in Benin Republic is concerned. He is the hard working and most Indefatigable achiever, Monsieur Romuald Wadagni.

He us young, able and full of experience, having practiced positive and sincere politics for a very long in his young existence.

Wadagni comes across as the typical chip off the old block, when it comes to genuine leadership qualities and agenda. He has been tested, trusted and ready to take up the mantle of leadership towards providing genuineness and purposeful living condition for the people of Benin Republic.

In 10 consecutive years, since he was 39, Wadagni, has supervised the Finance and Economy ministry without blemish, and has received accolades from far and wide.

It is therefore not a fluke as the 49 years old, Romuald Wadagni was nominated as the ruling majority’s candidate for the upcoming presidential election in Benin.

Consequently, listed below are three things to know about him: 1:he has been the Minister of Finance for nearly 10 years. Romuald Wadagni was appointed Minister of Economy and Finance in April 2016. He was reappointed to the position in 2021 with the rank of Minister of State. He is considered one of the main architects of Benin’s economic recovery.

At the end of January 2025, he welcomed “average growth of more than 6.5% in recent years.” In 2018, Financial Afrik magazine ranked him among the 100 African personalities transforming the continent. In December 2024, the same media outlet named him “Best Finance Minister in Africa,” praising Benin’s macroeconomic stability in the face of international crises. 2: He is an expert in finance and accounting. Romuald Wadagni is a chartered accountant. After studying finance, private equity, and venture capital, he began his professional career in 1998 at Deloitte, one of the largest audit and consulting firms in the world.

At Deloitte, Romuald Wadagni rose through the ranks and successively held several positions of responsibility in France, the United States, and then in Francophone Africa. In 2012, at the age of 36, he became a partner at Deloitte. He later led the firm’s expansion across the African continent. After 17 years, he left the firm in April 2016 when he was appointed Minister of Economy and Finance of Benin.

He is the heir apparent of Patrice Talon. After two consecutive terms, President Patrice Talon, who can no longer run again, had promised to play an active role in choosing his successor. On August 31, 2025, he officially endorsed his Minister of Finance, Romuald Wadagni, as the candidate of the presidential majority.
This designation was confirmed in a joint statement by the Union Progressiste le Renouveau (UPR) and the Bloc Républicain (BR), the two main parties of the majority. On October 4, 2025, in Parakou, Romuald Wadagni and Mariam Chabi Talata, the current Vice President, were officially nominated during a major rally of the presidential majority. In his speech, the candidate minister promised to “consolidate the achievements” of his predecessor.

 

Prior to entering politics, Wadagni worked for the consulting firm Deloitte for 17 years. He was first appointed the minister of economy and finance on 7 April 2016, in the first Talon government, and subsequently reappointed in 2021 with the rank of senior minister.

Wadagni was born in Benin in 1976 in Lokossa, the eldest of five children. His father, Nestor Wadagni, a statistician and economist with a degree from ENSAE, had a career in the Beninese civil service before writing a thesis in fundamental mathematics after his retirement.From an early age, he took an interest in manual work and trained himself in bricklaying and mechanics.

After obtaining a scientific baccalaureate in Benin, he continued his studies in France. From 1995 to 1999, he studied at the École supérieure des affaires de Grenoble (ESA) where he obtained a master’s degree in finance, graduating top of his class. During his studies in Grenoble, he met a partner from Deloitte who identified his potential and recruited him into the consulting firm in 1998.Among honours attached to his ebullient services and achievements, are as follows:

In 2021, the financial newspaper Financial Afrik named Romuald Wadagni “Best African Minister of Economy and Finance”.

In 2024, the financial newspaper Financial Afrik named him “Finance Minister of the Year” for the 4th time in its ranking of “The 100 who are transforming Africa”.

ROMUALD WADAGNI AT A GLANCE 

Romuald Wadagni is Senior Minister in charge of Economy and Finance of Benin. He was appointed on April 7, 2016, in the first government of President Patrice Talon and reappointed to this position in May 2021.

Romuald Wadagni is a public accountant certified in France and the USA. He also holds a master’s degree in finance and has completed specialized training in private equity and venture capital.

Before being appointed Minister of Economy and Finance in 2016, Romuald Wadagni had a leading international experience within Deloitte. In France from 1998, then in the United States from 2003, he developed cutting-edge expertise in several fields, serving customers in various sectors of activity (Mining, TMT, Financial Sector, Public Sector, Retail) and various governments and donors.

Wadagni is a handful in service delivery, transformation and economic re-engineering. He is the best suited for the presidency of Benin Republic as election holds on Sunday, April 12, 2026

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ADC Raises Alarm over INEC’s Plot to Prevent Party from Fielding Candidates

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The African Democratic Congress (ADC) has revealed the deliberate administrative landmines being deployed by the Independent National Electoral Commission (INEC) to prevent the Party from fielding candidates in the upcoming elections.

In a statement signed by its National Publicity Secretary, Mallam Bolaji Abdullahi, the party stated that at the heart of this emerging crisis is INEC’s stated position that it will no longer receive any correspondence from the ADC pending the determination of a matter before the Federal High Court. On its face, this may appear procedural. In reality, it creates a direct and dangerous conflict with the clear timelines imposed by the Electoral Act (2026), which provides defined windows, including the mandatory 21-day notice period and subsequent submission requirements, within which political parties must complete critical electoral processes.

The full statement reads:

We are compelled to raise serious concerns about a developing situation that appears designed to prevent the African Democratic Congress (ADC) from fielding candidates in the upcoming elections. It is based on documentary evidence which we are now placing before the Nigerian public, including certified INEC records, attendance logs, monitoring reports, and excerpts from the Commission’s own sworn affidavit. Taken together, these documents establish a clear and consistent record of events.

INEC received formal notice of the July 29, 2025 National Executive Committee (NEC) meeting of the ADC. It deployed officials to monitor that meeting. It documented the proceedings and received formal reports from its field officers. Following this, INEC updated its internal records and uploaded the names of the new leadership, including Senator David Mark as National Chairman and Ogbeni Rauf Aregbesola as National Secretary.
These are not claims. They are facts contained in INEC’s own records.

In addition, the Commission’s sworn affidavit before the Federal High Court, in its response to Nafiu Bala Gombe on 12 September 2025, particularly in Clauses 14 to 19, affirms key legal principles: that the leadership transition had already been completed and recognized, that such internal party matters fall outside the scope of judicial interference, that completed acts cannot be reversed by injunction, and also recognizes the David Mark-led NWC.

Yet, despite this clear documentary trail, INEC has now taken the position that it will no longer receive any correspondence from the ADC pending the determination of a matter before the Federal High Court. This is where the contradiction becomes dangerous.

The Electoral Act imposes strict timelines on political parties, including the 21-day notice requirement and submission deadlines. INEC itself has fixed May 10 as the deadline for the submission of relevant documents. However, by refusing to receive communication from the ADC within this same period, the Commission is effectively preventing the Party from complying with the law.

In simple terms, INEC is effectively threatening that unless the courts deliver judgment on the ADC leadership issue by May 10, it will prevent the ADC from producing candidates.

This places the ADC in an impossible position and creates a clear pathway to artificial non-compliance, which can then be used to justify excluding the Party from fielding candidates. That is the landmine.

INEC has claimed that its April 1 decision was taken to avoid rendering the proceedings before the Federal High Court nugatory. The reality is the opposite. By intervening in a matter already before the court and issuing a pronouncement with clear legal and operational consequences, the Commission has itself undermined the very process it claims to protect.

What is even more concerning is that this position contradicts INEC’s own prior conduct and legal stance. The same Commission that monitored, documented, recognized, and swore to an affidavit confirming the ADC leadership is now acting in a way that contradicts its earlier position.
We therefore call on the Commission to immediately reverse this position, resume the acceptance of all lawful correspondence from the ADC, and uphold its constitutional responsibility to ensure a level playing field for all political parties.

We also call on Nigerians to be wary and remain vigilant about these dangerous machinations to subvert Nigeria’s democracy and impose a civilian dictatorship on the country.

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