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I am not ready to dump APC – Kalu

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Orji Uzor Kalu

…..Says crisis in party will be resolved

 

Former Governor of Abia State, Dr Orji Uzor Kalu on Wednesday said he is not ready to defect from the ruling All Progressives Congress (APC), because it is not moral for politicians to move from one party to the other preparatory to every election circle.

He said people who are afraid of losing election in Abia State are responsible for spreading falsehood about loyalty to the APC.

Kalu, however spared a thought for the ongoing EFCC trail, affirming that he will challenge the “No Case Submission “, at the Court of Appeal.

He said he remains in the ruling party to deepen democracy, because only politicians who see politics as a do or die affair, that move from party to party

Speaking to reporters at a private terminal at the international wing of the Lagos Airport, Kalu described as ‘capital naked fallacy’, insinuations that he was returning to the People’s Democratic Party (PDP).

He however described the gale of defections from APC to PDP, as an unhealthy development that is though driven by choice, but not good for democracy.

Kalu said: “I am not leaving the APC. That is what l will call a capital naked fallacy; l am not going back to PDP. I left PDP  since 2006 and l have never been back, l have been a member of Progressives People’s Alliance  before l  joined APC when l found out that Nigeria has gone to two party systems. “Honestly going back to PDP is not really an option for me. I will rather go to my farm in Igbere and farm. I don’t think there is any truth in the rumour. It is just people who knew that they are already losing Abia because they no they will lose Abia with me standing.”

Kalu, however, spared a though for the gale of defections hitting the ruling party, saying the development calls for caution, by the leadership of the party.

He said “We are in trouble. Anybody saying APC is not in trouble is not saying the truth but we will come out of it,  but you see the President has remain like a true leader and father of all that he is, you have not seen him abuse  anybody. Defecting and not defecting is a question of choice.  We acknowledge we have a problem and we are going to fine-tune a strategy to resolve it.”

We are in trouble of political business because we are in political business and we are going to find political solutions to the myriad of political business we have at hand. Every trouble has solution and we are going to find solution to the problem we have now.

“It is the choice of the senate president to defect. You know we are all friends. He left PDP before to come to the APC. What l don’t like about the defection is that it shouldn’t be a recurring decimal whereby at any slightest thing, we jump to another political party.

“Saraki father was my father; l was like his first son. I cannot speak ill of him. He has made his decision and l cannot stop him that will not stop me from going to his house to eat food. The other day l was in Atiku’s house but l am a core supporter of Buhari. People are just playing politics as if it is a do or die affair. One thing is clear, by 2019, one person must win this presidency not two people.”

He said it is not moral to condemn the Senate President, Dr Bukola Saraki for defecting to the PDP, because the Chairman of the APC, Comrade Adams Oshiomhole is already addressing the issue.

Kalu said “I think Chairman Oshiomhole is looking at that and he will come out policy that we will present at the national executive committee of the party. The leadership of the party is looking at the present solution. Rome was not built in a day. PDP was a party formed barely 20 years ago and APC is just 3 years old so there must be fighting just like we saw in the early days of PDP up till 2006 we were fighting.

“People like me were deregistered from my pdp but l didn’t leave PDP, we were de-registered by Obasanjo, myself, Atiku,  Boni  Haruna and the and rest. It is a continuous thing but l want people to be patient, we would be able to get what we  are looking for but if not we wont get to our desired destination because political processes evolves over time. I keep  saying that in political development, the hardware is not the selling point, successes of any political development is  the software. The software means obeying the rule of law.”

Kalu, said the “No Case Submission “, will be addressed at a court of higher jurisdiction.

He said “You saw on Wednesday l lost the case of my no case submission in the court and l am not abusing the judge talk ill of the judge, that was the opinion of the judge and l am going to a higher court to seek appeal and even go to the Supreme court where l will seek the opinion of another jurist. This is what l preach to government, individuals, corporations that we must obey the rule of law. Unless everybody sees a lion from the same point that it is a lion. I want to advice that government at all levels and individuals should start obeying the court record. Once we obey the laws of the court and those of the land, we become freer.”

Kalu said his interest in running for the Abia North Senatorial Seat, under the platform of the APC, is to smoothen the relationship between the legislative and executive arms of government.

He said “My interest has always been to be relevant politically and what l am going to do for the people of Abia north and Nigeria generally. I am going to be a very strong voice in the senate by making a lot of difference like l did when l was in the House of Representatives, in the aborted Third Republic. I was the one who sponsored the bill that was passed into law for dual citizenship of Nigerians which was the only bill that Babangida signed as a president.

“I am going to also unfold a lot of things that will first come to my constituency in Abia north so that they will now know that they have a senator representing them; secondly the Abia people will know they have a voice of a vibrant senator and then Nigerians. I will work across board in the six geo-political zones to formulate policies on education, healthcare. Education remains the most important gift any government should give its citizens.

“I am also going to be formulating on agriculture. My duty is to work with the President and ensure a cordial working relationship with the executive and legislature. It is only when we have such relationship that progress is made. I employ today 9, 000 workers in Nigeria, l am going to bring my management skill to bear on the discharge of my duties.”

The former Abia State Governor, however lauded government on the proposed national carrier, Nigeria Air, describing it as one of the best decisions taken by the government.

He said “The government has done fantastically what l believe should be done. It should be replicated in the rail, waterways, shipping line and others. Govt. should just owe five percent. I must praise the minister of state for aviation and the people that put the structure that is making waves today. Those structures are solid ones and if they can maintain it, Nigeria Air will compete with other foreign carriers that dominate our airspace. I laud the good initiative for a country like Nigeria spending all our money on foreign airlines; it is good we have a strong dominant airline back up by government.

“Ethiopian airlines is still own by government. I maintain all my aircraft with them so l know that they are capable of doing. Government should not event stop at that, they should allow the private sector initiative to go into the new shipping line and others.

“Those criticizing it never knew that it is only true government that you can build a strong economy. It is only when government invests in economy manage by private sector that we can have moved forward.”

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Update :FG Unveils Additional 10 Steps to Reduce Impact of Rising Fuel Prices

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The Federal Government has announced ten new measures to reduce the pain Nigerians feel from high fuel prices. It insists, however, that none of them brings back the old fuel subsidy for everyone.

The measures were presented by the Federal Ministry of Finance at a press briefing on Thursday, 8 October 2026, titled “Fuel Prices and the Subsidy Question.” The government admitted its earlier steps fell short. According to the presentation, “These measures do not fully relieve the pressure households feel today, so the government is going further.”

The government described the new package as “Help that is targeted, temporary and affordable.” In plain terms, the help is meant for those who need it most, will not last forever, and is designed so that the country can pay for it.

Cheaper petrol and more cash support

The first measure is a discount on petrol sold at NNPC filling stations. The discount will last for the next 30 days, and public transporters, such as commercial bus and taxi operators, will get priority. The government hopes this will help keep transport fares from rising further.

The government also plans to increase cash transfers to vulnerable households. Small businesses will get cheaper loans, known as subsidised credit, to help them cope with higher running costs.

Steps to keep pump prices steady

To protect Nigerians from sudden jumps in world oil prices, the government will sell crude oil in advance to local refineries. This is expected as oil production rises and crude previously committed to other purposes becomes available. The presentation says this will shield “pump prices from global swings.” ShopAfrican Art

The government will also introduce what it calls price modulation. Under this plan, a negotiated limit of ₦1,350 per litre will apply to the ex-gantry price (the price at the depot) or the landing cost (the cost of bringing the fuel into the country). The limit will be reviewed every month, so it can change as conditions change.

A National Strategic Fuel Reserve will also be set up. Fuel from the reserve will be released “under published rules when disruption or hoarding threatens supply.” This means the government can step in when fuel becomes scarce or when marketers hold back products to push up prices.

Lowering the cost of transport and doing business

The government says part of what Nigerians pay for transport comes from illegal charges on the roads. It will work with state governments under the 2025 tax laws to rein in road taxes that push up fares.

It will also speed up the rollout of compressed natural gas (CNG) as a cheaper alternative to petrol, again working with the states. Transporters who benefit from cheaper fuel are expected to “pass savings on in lower fares” to passengers.

Other steps target the cost of goods and services more broadly. The government will cut regulatory costs, described as red tape, that “feed into the price of goods and services.” It will also ease traffic in cities to save fuel, and it will use NIPOST address codes to reduce the cost of moving goods from one place to another.

One measure has not yet been decided. The government is considering an excess profit tax on operators it says exploit consumers. If it goes ahead, the money raised will fund transport support and vouchers for low-income earners.

No return to blanket subsidy

The ministry ended the presentation with a clear message, “None of these measures restores a blanket subsidy.” The government is therefore not returning to the old system, where fuel was sold cheaply to everyone. It says its new approach will reach “the people who need help without putting the wider economy at risk.”

The announcement comes as many households as possible, and businesses struggle with the high cost of transport, food, and other goods linked to fuel prices. How much relief Nigerians feel will depend on how quickly and effectively these measures are carried out, and whether transporters and marketers pass the benefits on to consumers.

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Nigeria Emerges as Africa’s Biggest Climber in Investment Risk Ranking on Back of Tinubu’s Economic Reforms

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Nigeria has emerged as the biggest climber in Africa’s latest investment risk ranking, rising four places to eighth position as economic reforms implemented by President Bola Tinubu improved the country’s relative attractiveness to investors, a new report by Bloomberg has stated.

Nigeria overtook Rwanda, Tanzania, Kenya and Namibia in the 2026 Bloomberg Economics Investment Risk-O-Meter, which assesses the relative investability of 19 African economies.

Bloomberg, in the report released on Monday, said Nigeria’s improvement was driven by stronger performance in three of the five indicators used in the assessment: economic strength, fiscal strength and external vulnerability.

“Nigeria was the biggest climber in a ranking of Africa’s most investable markets, propelled by President Bola Tinubu’s economic reforms, according to the findings of the latest edition of An Investor’s Guide to Africa.

“The continent’s biggest oil producer and refiner rose four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, overtaking Rwanda, Tanzania, Kenya and Namibia as it improved in three of the five metrics assessed by the gauge: economic strength, fiscal strength and external vulnerability,” Bloomberg reported.

The development puts Nigeria among the biggest gainers on the continent, despite ongoing concerns about the country’s high public debt, cost of living, inflation, infrastructure deficit and foreign exchange pressures.

Mauritius emerged as the most investable African market in the latest ranking, while Botswana fell two places. South Africa, which topped the ranking in the previous edition, also dropped one place following a weaker economic growth outlook.

Nigeria’s improved position comes more than three years after Tinubu assumed office and embarked on a series of major economic reforms aimed at restructuring the country’s fiscal and monetary environment.

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Among the most significant measures were the removal of the petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs.

The Federal Government has repeatedly defended the reforms as necessary to address distortions that had weighed on public finances, discouraged investment and placed pressure on foreign exchange reserves.

However, the policies have also increased economic hardship for households and businesses, particularly through higher transport, food and energy costs. Despite the adjustment pains, Nigeria’s economy has continued to expand during the period under review.

Real Gross Domestic Product growth rose from 2.54 per cent in the third quarter of 2023 to 3.46 per cent in the fourth quarter of that year.

The economy subsequently grew by an average of 3.19 per cent in 2024 before accelerating to 3.85 per cent in 2025, its strongest annual performance within the period covered by the assessment.

Growth stood at 3.89 per cent in the first quarter of 2026, bringing the average quarterly growth between the third quarter of 2023 and the first quarter of 2026 to about 3.46 per cent.

The stronger growth performance has come alongside efforts by the government to increase revenue, reduce fiscal leakages and attract investment into critical sectors of the economy.

Nigeria’s improved position in the Bloomberg ranking, however, comes against the backdrop of a substantial increase in public debt.

Data from the Debt Management Office showed that Nigeria’s total public debt stood at N87.38tn as of June 30, 2023, shortly after Tinubu took office. By December 31, 2025, the figure had risen to N159.28tn. This represents an increase of N71.90tn, or about 82.3 per cent, in two and a half years.

The increase was driven by new borrowing, foreign exchange adjustments and the securitisation of certain legacy obligations, according to the DMO.

The development is significant for a country that has struggled for years to attract sufficient foreign capital because of concerns over exchange-rate instability, policy uncertainty, weak infrastructure, insecurity and limited fiscal space.

The reforms under the Tinubu administration have sought to address some of these constraints by allowing market forces a greater role in determining fuel prices, foreign exchange rates and electricity tariffs.

The foreign exchange reforms, in particular, were designed to reduce multiple exchange rates and improve transparency in the currency market, while the removal of the petrol subsidy was intended to reduce the government’s fiscal burden.

The electricity tariff reforms were also aimed at improving the financial viability of the power sector and encouraging investment by allowing electricity prices for some customer categories to better reflect supply costs.

Nigeria’s rise in the Bloomberg ranking therefore marks an improvement in its relative position among African investment destinations, even as investors continue to monitor the sustainability of its reforms, debt burden and economic growth.

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Update : Tinubu Expected Back in Abuja Today After Six-Day Stay in Lagos

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President Bola Ahmed Tinubu is expected back in Abuja this evening after concluding a six-day stay in Lagos, the Presidency announced on Monday.

The President will depart Lagos for the Federal Capital Territory after a visit during which he participated in activities marking Nigeria’s 66th Independence Day anniversary and held other engagements. SahelSecurity Report

Tinubu arrived in Lagos on Tuesday, September 29, following his annual holiday in London and Paris.

While in Lagos, the President addressed Nigerians on October 1 to mark the country’s 66th Independence Day anniversary.

Later that day, he attended the national premiere of MKO, a documentary chronicling the life, political struggle, and legacy of the late Chief Moshood Kashimawo Olawale Abiola, as well as the historic June 12 pro-democracy struggle.

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The premiere was held at the Wole Soyinka Centre for Culture and Creative Arts in Lagos.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the President’s return to Abuja in a State House statement issued on Monday.

“President Bola Ahmed Tinubu will depart Lagos for Abuja this evening after his six-day visit to the former seat of government,” Onanuga said.

 

 

 

 

 

 

 

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