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CDDN Reject NLC, Ajaero’s Attempt To Deceive Nigerians, Manipulate Public Sentiment

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The Citizens for Democratic Dividends in Nigeria (CDDN), completely reject the attempts by the Nigeria Labour Congress (NLC) and its President, Joe Ajaero to deceive Nigerians and manipulate public sentiment.

We consider their fraudulent claim of betrayal as an insult to the collective intelligence of Nigerians and a blatant attempt to exploit the genuine grievances of the people for personal gain.

The CDDN, ina statement by its Executive Director, Comrade Ahmad Musa Idris, rejects any maneuver by Ajaero or the NLC to drag Nigerians into covering up Ajaero’s alleged terrorism charges and his efforts to manipulate the truth.

Joe Ajaero’s recent statements, where he claims that the government betrayed the labor movement by failing to honour a supposed agreement on a ₦70,000 minimum wage without a corresponding increase in fuel prices, are nothing but a desperate ploy to garner sympathy and deflect attention from his own criminal charges.

CDDN recalls that NLC and Ajaero openly recently betrayed the Nigerian people when they were desperate for their salary increase without taking cognizance of the plight of millions of ordinary people.

Ajaero’s sudden outcry, after months of inaction, is not only sad but also a testament to his disregard for the true interests of the Nigerian people.

When Nigerians were facing unbearable hardship and called for nationwide protests, Ajaero and the NLC turned a blind eye. They refused to participate in the protests, prioritizing their minimum wage agreement over the suffering of millions of Nigerians.

Now, faced with accusations of treason and alleged involvement in a plot to overthrow the government, Ajaero seeks to drag the NLC and the Nigerian people into his personal legal battles. This is a clear attempt to use the labour movement as a shield to escape justice.

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The CDDN categorically states that Joe Ajaero must carry his cross alone. Nigerians will not be deceived by his tactics. It is evident that Ajaero is not acting in the best interests of the Nigerian people but is instead using their genuine grievances as a smokescreen to protect himself from prosecution.

The Nigeria Police’s accusation of treason against Ajaero is a serious matter that must be addressed in court, and the NLC should not be used as a pawn in this dangerous game by Ajaero whose interest and that of the downtrodden that need real salvation are in dissonance.

We urge all Nigerians to remain vigilant and not allow themselves to be manipulated by those who seek to exploit their struggles for personal gain. The CDDN will continue to stand for justice, transparency, and the true democratic dividends that every Nigerian deserves.

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Dangote Industries pledge to make Nigeria self-sufficient in cement, petroleum, others

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Dangote Industries Ltd. says it would ensure that Nigeria becomes self-sufficient in cement, agriculture, mining and petroleum production.

The Regional Sales Director, Southeast, Dangote Cement, Dr Abayomi Shittu stated this in an interview with the News Agency of Nigeria (NAN) in Enugu on Sunday at the ongoing 36th Enugu International Trade Fair.

“Dangote Industries Ltd. is into cement, sugar, salt, poly products, real estate, agriculture, logistics, telecommunications, steel, oil, and gas among other businesses.

“Three of its subsidiaries Dangote Cement Plc., Dangote Sugar Refinery Plc. and Dangote Salt, trading under the name of NASCON Allied Industries Plc. are listed on the Nigerian Stock Exchange.

“Our continuous efforts to innovate, create value and invest in Nigeria are borne out of our firm belief in the vast economic potential of Nigeria.

“Dangote Sugar Refinery, through its out-grower scheme, has provided jobs for thousands of farmers in its host communities.

“The coming of Dangote Fertiliser has to a great extent helped to change the face of agriculture in Nigeria while the Dangote Petroleum Refinery, will drive the development of ancillary industries.

“We recruit graduates of engineering and other technology-based courses and train them in many aspects of industrial operations,’’ Shittu said.

He noted that trade fairs organised by the Enugu Chamber of Commerce, Industries, Mines and Agriculture (ECCIMA) were unique because Enugu State had about the largest concentration of industries in the Southeast and South-South geopolitical zones.

He added that ECCIMA’s trade fairs remained avenues for industries to connect with customers in the Southeast and in the adjoining zones. (NAN)

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Nigeria’s Public Debt Rises 48% To N144.67trn In 2024

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Nigeria’s public debt rose by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024 from N97.34 trillion ($108.23 billion) in 2023.

The Debt Management Office (DMO) disclosed this in its latest public debt profile report.
The debt stock consists of external debt of N70.29 trillion ($45.78 billion) serviced with $4.66 million and domestic debt of N74.38 trillion ($48.44 billion).
The report showed that the country’s external debt increased by 83.89 per cent YoY from N38.22 trillion ($42.5 billion) in 2023.

Domestic debt also grew by 25.7 per cent YoY from N59.12 trillion ($65.73 billion) in 2023.
The report further indicated that the Federal Government’s domestic debt component rose by 32 per cent YoY to N70.41 trillion from N53.26 trillion in 2023.
But the domestic debt of states and the Federal Capital Territory declined YoY by 32 per cent to N3.97 trillion in 2024 from N5.86 trillion in 2023.

The rise in public debt can be attributed to fluctuating trends in exchange rates amidst changes in global economic conditions.

The sharp increase, particularly in external debt, highlights the nation’s vulnerability to exchange rate volatility and changes in global economic conditions.
With the continued depreciation of the naira, the cost of servicing foreign debt could escalate, adding pressure on the country’s financial resources.

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NNPCL Names New Senior Management Team

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The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight -man Senior Management Team.

The appointment followed the recent announcement followed the appointment of the Group Chief Executive Officer (GCEO) and Board of Directors.

Disclosing this in a statement on Friday, NNPCL Chief Corporate Communications Officer, Olufemi Soneye, said the appointments all take immediate effect.

“Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday,” he stated.

“The team which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power & New Energy.

“Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dangazau as Executive Vice President Downstream; Sophia Mbakwe as Executive Vice President Business Services; and Adesua Dozie, as Company Secretary & Chief Legal Officer. All appointments are with immediate effect.”

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