Youth Party kicks as Nigeria records highest inflation rate in four years

Youth Party kicks as Nigeria records highest inflation rate in four years

…says APC, Buhari have failed Nigerians
The Youth Party has urged the federal government to step up efforts to tackle insecurity, review some of its monetary policies and take urgent measures towards reforming key sectors of the Nigerian economy so as to tackle rising inflation and alleviate the sufferings of Nigerians.

The Youth Party, in a statement by its Chair, Tomiwa Aladekomo, expressed disappointment over the mismanagement of the economy by the Federal Government which it noted has continued to drive inflation and unemployment, thereby inflicting pain and hardship on citizens.

The Party was reacting to the March 2021 Consumer Price Index/Inflation Report released by the National Bureau of Statistics (NBS) on Thursday. The data revealed that Nigeria’s inflation rate has continued to rise as the Consumer Price Index (CPI) which measures inflation increased to 18.17 per cent (year-on-year) in March; the highest reported in four years, since April 2017.

The Party noted that the new data from the NBS is a clear indication that the nation is heading towards a severe economic crisis under the President Muhammadu Buhari-led APC government.

Aladekomo, while charging the government to support macroeconomic policies that will drive growth he further called for a deliberate policy of investing in infrastructure, among others, to ease the means of doing business in the country.

Noting that the APC-led government has failed to deliver real dividends of democracy to citizens of the country, he added that all indices of social and economic development in the country, including the worsening security situation, were in the negative.

According to him, “While many Nigerians are struggling to stay alive, we continue to receive news of rising inflation with unemployment rate growing at frightening dimensions; insecurity is worsening, the cost of transportation has quadrupled, plus the continued decline in domestic and direct foreign investments, all due to the uncertainty created by Federal Government’s management of the socioeconomic issues.

“We must act now before the situation worsens.”

Covid-19 Vaccination- Nigeria Response.

Covid-19 Vaccination- Nigeria Response.

Covid-19 Vaccination- Nigeria Response.

As of 31 March 2021, the total number of confirmed cases was 162,891; discharged patients was 151648, and 2057 deaths in all the states, including the federal capital territories.

Before the COVID-19 pandemic, there was an established body of knowledge about coronaviruses’ structure and function, causing diseases like severe acute respiratory syndrome (SARS) and the Middle East respiratory syndrome (MERS) enabled accelerated development of various vaccine technologies during early 2020. On 10 January 2020, the SARS-CoV-2 genetic sequence data was shared through GISAID, and by 19 March, the global pharmaceutical industry announced a significant commitment to addressing COVID-19.
In Phase III trials, several COVID-19 vaccines have demonstrated efficacy as high as 95% in preventing symptomatic COVID-19 infections. As of April 2021, 13 vaccines were authorized by at least one national regulatory authority for public use: two RNA vaccines (the Pfizer–BioNTech vaccine and the Moderna vaccine), five conventional inactivated vaccines (BBIBP-CorV, CoronaVac, Covaxin, WIBP-CorV, and CoviVac), four viral vector vaccines (Sputnik V, the Oxford–AstraZeneca vaccine, Convidecia, and the Johnson & Johnson vaccine) and two protein subunit vaccines (EpiVacCorona and RBD-Dimer).

In total, as of March 2021, 308 vaccine candidates were in various stages of development, with 73 in clinical research, including 24 in Phase I trials, 33 in Phase III trials, and 16 in Phase III development.

In the light of this, many players in the COVID-19 vaccine market, the Federal Ministry of Health and its agencies, the National Primary Healthcare Development Agency, and the National Agency for Food and Drug Administration and Control, has assured that only WHO-approved COVID-19 vaccines will be introduced in the country. Also, depending on availability, it will inform the prioritization of the rolling out of vaccines.

On 2 March 2021, COVAX (Collaboration of WHO, UNICEF, Gavi, and CEPI) shipped in 3.94 million doses of the AstraZeneca/Oxford vaccine Abuja, manufactured by the Serum Institute of India. This was an effort by the COVAX team to deliver at least 2 billion doses of COVID-19 vaccines globally by the end of 2021.

This first batch of Covid 19 vaccine by Covax makes Nigeria the 3rd country in Africa to get the vaccine. It also came with a lot of congratulatory messages from different parts of the world. Tedros Adhanom Ghebreyesus, the World Health Organization Director-General, was among those hailing the jabs’ arrival in Nigeria.

Upon the vaccines’ arrival, though there were some logistics constraints, they shipped in batches to Nigeria’s National Agency for Food and Drug Administration and Control for final assessment and approval. The training was also organized for all health workers across the country on the vaccination exercise.

On 7 March, President Muhammad Buhari as the first citizen of Nigeria, received his first jab of the COVID 19 vaccination. This was in fulfillment with the rolling out phase of the vaccination exercise. The roll-out phase is as follows:

First Phase – Frontline workers and Strategic Leadership
Second Phase – Individuals between age 50 and above
Third Phase – Individuals between the ages of 18 and 49 with underlying health conditions like diabetes.
Last Phase- Individuals between the ages of 18 and 49 without any underlying health conditions.

The first step to getting vaccinated is to book an appointment with NPHCDA on their website.

But despite these outlined phases, it was observed that there is no restriction on who can register on the website.

The vaccination dates are issued without any check for eligibility of different population groups. With this approach, the different phases of the vaccination exercise seem not to be working.

Some centers listed on the website are not carried along with the program. Making the whole process of the vaccination exercise look like Nigeria is not delivering as they have said.

Although putting an end to this health crisis and achieving herd immunity might not take place until 2024, coupled with the surrounding issues on the vaccination, but there is great optimism that the effective measure put in place by the NCDC during the pandemic, if not abandoned, will prevent a third wave of the virus in Nigeria.

Suspend the NIN registration now. The lives of millions of Nigerians are at risk.

Suspend the NIN registration now. The lives of millions of Nigerians are at risk.

As hospitals are now being crowded with COVID-19 patients, government and citizens alike must avoid crowded places that could serve as super-spreaders of the virus.

 

The National Identity Card registration points across the country is a typical case in point. The crowds at those centres are not only worrying but could be potentially catastrophic as very little attention is being paid to social distancing and other precautionary measures.

 

If the government insists on the announced deadline for the registration, then it must seek ways of eliminating the red tapes and partnering with relevant institutions (or the private sector) that will bring registration points close to the doorsteps of most Nigerians.

 

This will make the process seamless and efficient – without mentioning the thousands of jobs that will be created.

 

However, if the government remains adamant in its approach, then it must suspend the registration until the coronavirus has been effectively contained. Our country can avert a major health crisis by applying a common-sense approach.

The Abia Local Government Elections was a sham. We demand a re-run.

The Abia Local Government Elections was a sham. We demand a re-run.

On Saturday 18 December 2020, elections were scheduled to elect local government chairpersons and counsellors across the 17 local governments in Abia state. The Youth Party was on the ballot with three credible candidates in Bende local government to compete for counsellorship seats in item ward A, D and Ajayi Ward A.

 

Unfortunately, the Abia State Independent Electoral Commission sabotaged the entire process. Election materials did not arrive until very late in the evening in most of the local governments. And when it did, the materials were either grossly inadequate or above the registered voters in the affected polling unit. Sadly, materials never arrived Bende local government where our candidates were supposed to compete.

 

Worth mentioning, also, was the dubious process of accreditation. None of our party agents witnessed the accreditation of voters using the official voters’ register. It was a chaotic exercise, fraught with irregularities and rigged in favour of the Peoples’ Democratic Party.

 

Not to mention the conflicting role played by men of the Nigeria Police some of whom were caught on tape intimidating innocent voters.

 

These anomalous situations deterred thousands of eligible voters from exercising their democratic right. The glaring incompetence of ABSIEC was aptly captured in a statement issued by Hon Benjamin Kalu, Chairman of the House Committee on Media and Public Affairs. He said “No polling unit in Bende local government area opened for accreditation. There were no voters register anywhere in the polling units. It wasn’t just that the election was rigged. In this case, there was no election.”

 

The Youth Party, therefore, demands that a fresh election is held. This time, however, the process must be devoid of manipulation and irregularities. The ABSIEC should seize the opportunity that a fresh election provides to not only redeem its image but to restore the confidence of the people in the electioneering process. If the Abia state government refuses to cancel this election, we will have no other option than to seek redress in court.

 

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Press Release – Ondo Election

The Youth Party is set to conduct its Primary Elections in preparation for the gubernatorial elections in Ondo State in line with the Electoral Act (2010) (as amended) and the Independent National Electoral Commission (INEC) guideline.

Here is to announce that the Youth Party’s National Executive Committee (NEC) has issued guidelines for the conduct of the Party’s primaries for the Gubernatorial Elections in Ondo State in conformity with the INEC Guidelines on the conduct of party primaries.

Furthermore, in compliance with the Electoral Act (2010) (as amended) and the Independent National Electoral Commission (INEC) guideline the Timetable and Schedule of activities for the conduct of the 2020 Governorship Primary Elections in Ondo is as follows:

 

  

S/N

          

ACTIVITIES

           

TIMELINE

1. Sale of Forms      13th July – 15th July, 2020 
2. Screening      16th July – 17th July, 2020
3. Appeals       18th July – 19th July, 2020
4. Governorship Primaries        

       20th July, 2020

5. Appeals arising  from Primaries         21st July, 2020

 

The Party has made Nomination and Expression of Interest Forms available at the National Secretariat and State Offices from 13th July – 15th July, 2020. 

Find below the fees for the Purchase of Forms:

S/N Position Expression of Interest Form Nomination Form
1. Governorship N100,000 N1,000,000

 

The Youth Party primaries guideline and further information are available on the Party’s website: VIEW HERE

Kindly note that the primaries as stated above will be conducted on the basis of One Member One Vote (OMOV); no delegates or super delegates. All party members are entitled to vote. Our Nomination Forms are affordable. Voting will be innovative and convenient as we are adopting electronic means: online and SMS. It will be secured, monitored by candidates and INEC, and secret as required by the law. The guidelines for the primaries are open and accessible for transparency. The members’ list/voters list for each constituency or elective position will be available to all aspirants without discrimination.

The Party is committed to expanding the democratic space by providing a level playing field for all aspirants on its platform. We encourage anyone who aspires to contest in a free and fair primaries to join the Party at www.youthpartyng.com/join-movement/. Likewise, persons interested in voting for a candidate of their choice in a party primaries without fear or favour, are encouraged to join the Party. The Party preaches transparent political leadership and followership that frowns at money politics, bribery, violence, ‘short termism’, repression and corruption.

 

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Press Release – Our Government is Broke

Our revenue to GDP ratio is disturbingly low. In the last decade, Nigeria’s Tax to GDP ratio has recorded its highest and lowest ratios at 9.6% in 2011 and 5.3% in 2016, currently at 8%. It is the second lowest in Africa and fourth lowest in the world.[3] South Africa is 29%, Ghana 18%, Egypt 15% and Kenya 18%[4]. The average Tax to GDP ratio for OECD countries is 34%.[5] According to the International Monetary Fund (IMF), evidence shows that at 3%-4% GDP ratio, Nigeria’s non-oil revenue have been one of the weakest worldwide, reflecting, weakness in revenue administration system and systemic non-compliance.

We cannot adequately fund our priorities – our police, our schools, our military and health. We need to raise government revenue capacity in order to address these urgent critical spending needs.

Consequently, Youth Party is constrained to release its revenue plan titled ‘Bold Revenue Plan for Nigeria’. The underlying philosophy of the plan is increasing our tax base, whilst reducing tax rates to attract investments and encourage tax compliance.  We intend to raise $US 30bn within 3years. Specifically, we are going to reduce our consolidated corporate tax from 34.5% to 22.5%; reduce the average oil tax to 70% onshore, 80% deep water, 25% frontier basin, 25% transitional to be competitive; restrict subsidy to public transport; reduce cost of governance by implementing the Oronsaye Report and the cost of running NASS; divest 20% of the 49% FGN equity in NLNG and 20% of FGN equity in Nigerian Petroleum Development Company Ltd (NPDC)  to raise $US19.5bn; increasing the revenue to GDP ratio of 8% to 14%; amongst others.

We intend to ring fence and dedicate to specific capital projects, through a trusted Sovereign Wealth Fund, the $US19.5bn expected to be raised from partial divestment of FGN’s equity in NLNG and NPDC, in order to rescue our broken critical public infrastructure and services,  in the following manner:

  1. Recruit, re-train and re-tool the Nigerian Police to improve the capacity to protect and secure lives and properties with at least $US 3bn;
  2. Build high speed rail lines connecting the 6 geo-political zones with $US 9bn;
  • Recruit, retrain and re-tool basic education Sector to the tune of $US 5bn
  1. Revamp our public health sector with $US 2.5bn;

 

You can download our Bold Revenue Plan on our Website here

We will be presenting our Plan to the public on Sunday, 22nd March, 2020, at the Civic Centre,  Lagos, at 4pm, prompt ,where experts would be discussing, sharing ideas, critiquing based on our plan. Most importantly, we will be seeking a consensus on the way forward in fixing our national revenue being a critical part of governance. This event is part of our efforts in discharging one of our fundamental objectives as a political party to develop policies to improve the lives of Nigerians. Our other fundamental objectives being a vehicle for winning political offices and serving as effective opposition to bad government policies/alternate government when not in power.

You can register for the event here  bit.ly/boldrevplan

Thank you

Download Press Release

Press Release – July 2019

The Youth Party is set to conduct its Primary Elections in preparation for the gubernatorial elections in Kogi and Bayelsa State in line with the Electoral Act (2010) (as amended) and the Independent National Electoral Commission (INEC) guideline.

Here is to announce that the Youth Party’s National Executive Committee (NEC) has issued guidelines for the conduct of the Party’s primaries for the Gubernatorial Elections in Kogi and Bayelsa State in conformity with the INEC Guidelines on the conduct of party primaries.

Furthermore, in compliance with the Electoral Act (2010) (as amended) and the Independent National Electoral Commission (INEC) guideline the Timetable and Schedule of activities for the conduct of the 2019 Governorship Primary Elections in Kogi and Bayelsa is as follows:

 

 

S/N

 

ACTIVITIES

 

TIMELINE

 

1.

 

Sale of Forms

 

15th July, 2019 – 12th August, 2019

 

2.

 

Screening

 

14th August – 25th  August, 2019

 

3.

 

Appeals

 

26th August – 31st  August 2019

 

4.

 

Governorship Primaries

 

 

2nd September

 

5.

 

Appeals arising  from Primaries

 

3rd September, 2019

 

The Party has made Nomination and Expression of Interest Forms available at the National Secretariat and State Offices from 15th July – 10th August, 2019.

Find below the fees for the Purchase of Forms:

S/N Position Expression of Interest Form Nomination Form
1. Governorship N100,000 N1,000,000

 

 

 

The Youth Party primaries guideline and further information are available on the Party’s website: www.youthpartyng.com.

Kindly note that the primaries as stated above will be conducted on the basis of One Member One Vote (OMOV); no delegates or super delegates. All party members are entitled to vote. Our Nomination Forms are affordable. Voting will be innovative and convenient as we are adopting electronic means: online and SMS. It will be secured, monitored by candidates and INEC, and secret as required by the law. The guidelines for the primaries are open and accessible for transparency. The members’ list/voters list for each constituency or elective position will be available to all aspirants without discrimination.

The Party is committed to expanding the democratic space by providing a level playing field for all aspirants on its platform. We encourage anyone who aspires to contest in a free and fair primaries to join the Party at www.youthpartyng.com/join-movement/. Likewise, persons interested in voting for a candidate of their choice in a party primaries without fear or favour, are encouraged to join the Party. The Party preaches transparent political leadership and followership that frowns at money politics, bribery, violence, ‘short termism’, repression and corruption.