The rituals that will define King Oyo’s burial and succession

The final farewell to Omukama Oyo Nyimba Kabamba Iguru Rukidi IV on Saturday, 12th September, will be governed not only by a Christian burial service, but also by a series of ancient Babiito rituals that will determine how the late king is laid to rest and how the next Omukama emerges.

The late Omukama Oyo 34, who died nearly 31 years after ascending the throne in 1995 on 12th September, will be buried at the Karambi Royal Tombs along the Fort Portal-Kasese Road, the traditional burial ground for Tooro’s kings.

Oyo will be the fourth King to be buried at Karambi Royal Tombs, with past kings including David Kyebambe Kasagama, Sir George David Kamurasi Rukidi III, Patrick Mathew Kaboyo Olimi II and now Omukama Oyo.

His burial will mark the end of his reign and, according to the Babiito clan, will also form part of the traditional process through which his successor is identified and protected ahead of enthronement.

Mr Moses Musinguzi, spokesperson for the Babiito clan and a member of the communication committee under the office of Omujwera Musuuga, says the burial will be conducted according to rituals that have been passed down through generations.

He says although a church service will be held at St John’s Cathedral in Fort Portal, the burial itself at the royal tombs will be guided primarily by traditional rituals.

‘The burial will be governed by rituals. It will not only be a church service. The church will play its part, but after the service, the body will be taken to Karambi Royal Tombs, where the traditional rituals will take place,’ Mr Musinguzi says.

From Karuziika Palace to Karambi

The late king’s body, which was returned to Karuziika Palace in Fort Portal on 4th September after his death abroad, has been inside the palace for nine days of mourning and traditional observances.

On the burial day, which will be the ninth day [Saturday] of mourning, the body will leave Karuziika Palace at 8:15 am and be taken to St John’s Cathedral for the church service, which, according to organisers, will begin at 9 am.

He said after the service, the procession will continue to Karambi Royal Tombs, where the body referred to traditionally as Omuguta, will be taken into the royal burial grounds known as Gasani.

Mr Musinguzi says the head of the ritualists, known as Omusuuna, will lead the traditional team responsible for the rituals at Karambi.

As the procession approaches the gate of Gasani [house], a carefully prescribed exchange will take place between Omusuuna and the person responsible for the royal tombs, also known as Katikiro of Gasani.

The nine calls at the royal gate

According to Mr Musinguzi, Omusuuna will call the name of the person in charge of the royal tombs and identify himself and request permission to enter with the body of the late king.

The call will be repeated nine times.

‘The Omusuuna, together with other ritualists, will come with the body of the King. When they reach the Gasani gate, he will call the name of the Prime Minister [Katikiro of Gasani], who takes charge of the royal tombs. He will introduce himself, but he will not respond nine times,’ Mr Musinguzi says.

He says Omusuuna will continue identifying himself and declaring that he has arrived with the body of Omukama Oyo and is seeking permission to enter Gasani for the burial.

Only on the ninth call will permission be granted.

The repeated use of nine is significant in Tooro’s traditional practices and will again feature prominently in the burial and succession rituals.

Church and tradition meet

The burial will also bring together Christian and traditional elements.

Mr Musinguzi says church leaders will enter Gasani and pray while the body is placed near the prepared grave, known as Iziba.

After the prayers, however, the clergy and members of the public will leave the area.

This will allow the ritualists to perform private ceremonies that, according to the Babiito, are not meant for public viewing.

‘The church leaders will be there. They will pray inside the Gasani as the body is near the grave. After that, they will leave and go back outside to allow the ritualists to perform other rituals which are not for the public,’ he says.

Inside the royal grave

The grave where Omukama Oyo will be laid to rest will already have been prepared before the burial ceremony.

Mr Musinguzi says the grave has two levels. The upper section measures approximately six feet by six feet, while the lower section is where the king’s body will be placed.

It is at this point, he says, that the burial ritual will also intersect with the succession of the Tooro throne.

After the clergy leaves, Mr Musinguzi says Omujwera Musuuga will bring the prince who is expected to succeed the late king. The prince will receive nine coffee beans from Omusuuna.

He will then place the beans into the grave one by one.

Mr Musinguzi says the act symbolises the prince participating in the burial of the king before assuming the throne.

‘At this stage, the church leaders will leave, and Musuuga will get the prince who will become the new king. He will be given nine coffee beans by Omusuuna, and he will put them in the grave one by one as a sign of burying the king,’ he says.

After this ritual, the prince and other members of the ceremony will leave the area, with only the ritualists remaining to perform ceremonies that are not open to the public.

The grave will later be covered by people selected for the task.

The burial that doubles as a succession ritual

The most significant part of the ceremony, according to Mr Musinguzi, is what happens to the prince after he participates in the burial.

He says the prince who performs the ritual burial will automatically become the new Omukama in the traditional sense, although the public enthronement will come later.

Immediately after leaving the royal tombs, Mr Musinguzi says Omujwera Musuuga will hand the new king-in-waiting to his maternal uncle.

The maternal uncle will take him to a private and undisclosed place where he will remain until the day of his coronation.

‘According to traditional rituals, Musuuga hands him over to his maternal uncle. He offers much protection because he is the king-in-waiting, and we don’t expect anything bad to happen to him because he is going to be enthroned,’ Mr Musinguzi says.

The protection is intended to shield the king-in-waiting during the sensitive period between the burial and the formal enthronement.

Mr Musinguzi says those who witness the prince being handed over to his maternal uncle will understand that he is the person destined to become the next Omukama.

But the Babiito will not hold a conventional press conference to announce the new king.

Nine more days before enthronement

Traditionally, the burial of a king, known as Okutabaza, is followed by another period of rituals and preparations before the new king is enthroned.

Mr Musinguzi says tradition provides for an additional nine days after the burial during which preparations for the enthronement are undertaken.

However, he says the Babiito may consider adjusting the timetable because the kingdom has already spent considerable time in mourning since Oyo’s death.

‘Traditionally, after the burial of the king, Okutabaza, they are supposed to spend an additional nine days preparing for the enthronement of the king. But the Babiito may decide to make changes because people have already spent many days mourning. Changes can be considered, and a new date for the coronation can be set,’ he says.

First meeting set to hasten conciliation

Thailand is ready for the first conciliation meeting with Cambodia, scheduled in Singapore from Monday to Wednesday.

Deputy Prime Minister and Foreign Affairs Minister Sihasak Phuangketkeow will lead the Thai delegation, with Ambassador Songchai Chaipatiyut serving as his deputy.

Representatives from the ministry and relevant agencies will also attend, including the Hydrographic Department and the Naval Operations Department of the Royal Thai Navy, as well as the Department of Mineral Fuels under the Energy Ministry.

The Foreign Affairs Ministry said the Thai delegation included people with specialised knowledge, experience and expertise relevant to the proceedings.

Both parties’ opening statements will be broadcast live on Sept 15, allowing the public to hear their respective positions in the conciliation proceedings.

The first meeting will also consider adopting the Rules of Procedure, which will establish the rules and framework for the Conciliation Commission’s work and guide subsequent meetings and related proceedings.

The ministry said Thailand, as a state party to the 1982 United Nations Convention on the Law of the Sea (UNCLOS), was ready to cooperate fully with and support the commission’s work under international law.

The conciliation process is expected to take about 12 months. Afterwards, the Conciliation Commission will issue a report containing its conclusions or recommendations.

The ministry stressed that the commission’s conclusions and recommendations would not be binding on Thailand or Cambodia.

The Foreign Affairs Ministry and relevant agencies said they would make every effort to protect Thailand’s national interests throughout the process.

Obafemi Martins announces youth tournament for Tinubu’s 2027 re-election

Former Super Eagles striker Obafemi Martins is set to stage a youth football tournament in support of President Bola Tinubu’s 2027 re-election campaign.

Martins, 41, announced the ‘Renewed Hope Youth Tournament’ during an interview with TVC, saying the competition would be held in November and feature teams representing Nigeria’s six geopolitical zones, alongside two or three additional teams.

The former Inter Milan forward said he would personally finance the tournament, describing it as an expression of support for Tinubu’s efforts and an initiative to create opportunities for Nigerian youths.

‘There’s a tournament that I’m doing for His Excellency Bola Ahmed Tinubu that I’m doing for his campaign, the Renewed Hope Youth Tournament, and I’m doing it with geopolitical zones, which is six, and I’m adding two to three more teams with it,’ Martins said.

He said the tournament was not only intended to support Tinubu’s re-election bid but also to provide opportunities for young Nigerians.

‘I’m just happy to do it for the president with all his hard work and all that. And that is not just for the president; it’s for the Nigerians and the Nigerian youth as well, how we can help them,’ he said.

Martins confirmed that he would fund the tournament himself and that it would take place in November.

‘Yes, I’m doing it in November,’ he said when asked whether he would finance the competition himself.

The announcement comes about two weeks after Martins expressed support for Tinubu’s son, Seyi Tinubu, becoming president of the Nigeria Football Federation (NFF) in the future.

CBN receives financing statements worth N2.55trn in Q1, up 629%

The number of financing statements registered in Nigeria rose by 53.9 percent in the first quarter of 2026 year-on-year, while the value attached to the registrations surged more than sevenfold, according to Central Bank of Nigeria (CBN) data collated from the National Collateral Registry.

A total of 27,170 financing statements were registered across financial institutions in the first quarter of 2026, up from 17,650 recorded in the corresponding period of 2025.

Financing statements are records of financing interests registered by creditors against debtors and can be associated with secured financing arrangements in which assets or other interests provide security for credit.

In simple terms, a financing statement is a record showing that a lender has provided financing to a borrower and has registered a claim over the assets securing the financing.

Microfinance banks accounted for the largest number of registrations during the first quarter of 2026, recording 22,977 statements, compared with 16,600 in the first quarter of 2025.

Deposit money banks recorded 2,870 registrations in the first quarter of 2026, up sharply from 272 a year earlier.

Finance houses recorded 566 registrations, compared with 155 in the corresponding period of 2025, while non-bank financial institutions recorded 757, up from 622.

Development finance institutions recorded no registrations in January and February but recorded one in March, compared with one registration during the entire first quarter of 2025.

The value of the financing statements increased far more sharply, rising to N2.55 trillion in the first quarter of 2026 from N350.58 billion a year earlier, a 628.8 percent increase.

The value of registrations was similarly concentrated among a few categories of creditors.

Gombe 2027: Tinka Receives Ex-APC Chieftain Masad Into ADC

The African Democratic Congress (ADC) governorship candidate in Gombe State, Bala Tinka, has received a former chieftain of the All Progressives Congress (APC) in the state, Hon. Adamu Abdullahi Masad, into the party.

Tinka welcomed Masad into the ADC on Thursday and expressed optimism about his contribution to the party ahead of the 2027 elections.

The governorship candidate described Masad, a member of Birin Bolawa Ward in Nafada Local Government Area, as a grassroots politician with experience in party administration.

Tinka said Masad’s decision to join the ADC reflected growing interest in the party ahead of the 2027 elections.

He assured the new member of equal opportunities, inclusivity and full participation in the activities of the ADC in Gombe State.

Masad previously served the APC in various capacities, including First Financial Secretary of APC Gombe State, Assistant Organising Secretary, Liaison Officer for Gombe North and Chairman of the party in Nafada Local Government Area.

He is currently serving as Senior Special Assistant, SSA II.

In his resignation letter dated September 7, 2026, addressed to the APC Ward Chairman of Bolawa Ward, Masad said his decision to leave the party followed consultations and his personal conviction about seeking a better future.

He, however, appreciated the APC leadership at the ward, local government and state levels for the support he received during his years of service.

338 MPs back 2027 budget bill, including 58 MPs from opposition Klatham

The government secured overwhelming support in the House for the 2027 budget bill, with 338 MPs voting in favour, including 58 MPs from the opposition Klatham Party of Capt Thamanat Prompow.

The House on Thursday night voted 338-144, with two abstentions, to approve the 2027 fiscal budget bill, worth 3.78 trillion baht.

The voting results showed that most of the 338 votes supporting the budget bill came largely from coalition parties.

All voting MPs from the Bhumjaithai Party, the core coalition party, supported the bill. However, seven MPs from the party did not cast votes, including party leader and Prime Minister Anutin Charnvirakul, who is on an overseas trip.

The other Bhumjaithai MPs whose votes were not recorded were Samerkan Thiangtham (Suphan Buri province), Deputy Interior Minister Jeseth Thaiseth (Uthai Thani), Digital Economy and Society (DES) Minister Chaichanok Chidchob and party-list MP Chaichanok Chidchob, Traithep Ngamkamol (Buri Ram), Deputy DES Minister Nan Boonthida Somchai (Ubon Ratchathani), Worasit Liangprasit (Satun) and Ms Sudacha Sangthansap (Chaiyaphum).

Pheu Thai MPs also voted unanimously in favour, as did MPs from the coalition Prachachart Party.

Despite reports of internal disagreements within Prachachart and repeated comments by party leader Pol Col Tawee Sodsong, a party-list MP, about the Senate collusion case, both the party and Pol Col Tawee voted in favour of the bill.

The United Thai Nation Party (UTN) also backed the bill, although the vote of party-list MP Chatchawal Kongudom was not recorded. The bill also received support from both Thai Sang Thai MPs.

The bill additionally received support from 56 of the 58 Klatham MPs, despite the party being in the opposition. No votes were recorded for party-list MP Narumon Pinyosinwat and Srisak Chingnawan of Sa Kaeo. Small parties also voted in favour of the bill.

The opposition parties, People’s Party, Democrat Party, Thai Ruam Phalang Party, Seri Ruam Thai Party and Thai Pakdee Party, voted against the bill in line with their respective party resolutions.

The exception was Suriya Wong-aree, a People’s Party MP for Udon Thani, who is regarded as a political defector, while votes were not recorded for Flg Off Thanadet Phengsuk, a Bangkok MP from the People’s Party, Amphon Pinasa, a Democrat Party party-list MP, Chaichana Detdecho, another Democrat Party party-list MP, and Narongchai Weerakul, an MP from Ubon Ratchathani representing the Thai Ruam Palang Party.

Klatham leader Capt Thamanat earlier signalled his party had not ruled out joining the government.

Speaking before the voting, Capt Thamanat said Klatham would support the 2027 budget bill because much of the spending plan had been developed when he previously served as a deputy prime minister.

Hamzat Promises Decentralised Government Services, Stronger Economic Development across Lagos

Lagos State Deputy Governor and All Progressives Congress (APC) Governorship Candidate, Dr. Kadri Obafemi Hamzat, has assured to build a more interconnected Lagos, decentralise government services, and develop the distinctive economic advantages of the five divisions of the state, namely: Ikeja, Badagry, Ikorodu, Lagos Island and Epe (IBILE).

Speaking on Thursday during an interview at IKD 106.1 FM titled ‘KOH Unscripted in Ikorodu,’ Hamzat said the growth of the State must be driven by a deliberate effort to harness the comparative advantages of each division, adding that his vision is to create a Lagos where residents would not have to travel to Alausa for services that could be provided within their respective divisions.

The Deputy Governor stated that strategic government presence in Ikorodu, Epe, and other divisions would bring governance closer to the people and make public services more accessible, elucidating that residents must have easier access to government services, efficient transportation, and other essential infrastructure closer to their communities.

‘We must decentralise Lagos. Alausa should not be the only place where people can access government services. We should have mini-secretariats in Ikorodu, Badagry, and Epe, so that perhaps 80 per cent of the services people need can be resolved within their divisions, while matters requiring further attention can be escalated to Alausa. Also, each division of the state needs to develop around its unique economic strengths, and the government must deliberately ‘plug into’ the opportunities available in different parts of Lagos,’ Hamzat said.

Furthermore, Hamzat identified Ikorodu’s potential in agriculture, food processing and transportation, promising to develop infrastructure around emerging institutions and economic activities in other divisions.

He emphasised the importance of organisation within the state, noting that reorganisation of local government administration must cover both physical and financial structures, with effective systems put in place to improve accountability, eliminate leakages and identify issues such as ghost workers.

The Deputy Governor further stressed the importance of planning Lagos as a borderless metropolitan city, noting that residents of neighbouring states also depend heavily on the State’s infrastructure and public services. He cited the example of Orile Agege General Hospital, where a significant proportion of patients come from outside Lagos, saying such realities must be taken into account in planning healthcare, transportation, water and other public infrastructure.

Hamzat assured stakeholders that the development of the State must remain inclusive, with the specific needs and opportunities of each division reflected in government planning.

While outlining plans for major transport interchanges within the state with connectivity between buses, rail and ferries, the Deputy Governor stated that such facilities would make it easier for residents in the hinterlands to move across the State and access economic opportunities. He added that Lagos, being a city blessed with water, must maximise its waterways alongside road and rail infrastructure to create a truly integrated transport system.

Hamzat further disclosed that 77 electric buses, including 30- and 40-seater models, were being introduced into the State’s transport system, stating that the use of electric vehicles would help reduce operating costs associated with diesel and petrol and could ultimately contribute to more affordable transportation for commuters.

He proposed a transport network that would connect strategic routes and terminals across the State, including Ikorodu, Badore, Victoria Island, Marina and other areas. At the same time, the expansion of rail and water transportation would provide residents with more options for daily commuting.

Speaking on healthcare, Hamzat said the growing population of the state required a corresponding expansion of healthcare infrastructure, highlighting that the Ikorodu General Hospital and other major hospitals in the State would be expanded to cope with increasing demand.

The Deputy Governor explained that such expansion would go beyond buildings to include providing adequate accommodation for doctors, nurses and other health workers, underscoring that healthcare facilities must be positioned to provide quality and accessible services to residents.

On water supply, he acknowledged the challenges confronting residents and explained that Lagos’ dependence on water sources located in neighbouring Ogun State required cooperation and compensation arrangements.

Hamzat noted that the completion of the Adiyan water project and associated pipeline infrastructure would significantly increase the State’s water supply capacity and extend access to millions more residents.

Speaking further, the Deputy Governor also called for greater citizen participation in the development of Lagos, emphasizing that the government alone could not build every institution or solve every problem. He cited that ‘Individuals and organisations in developed countries contribute to education and other areas of development. So we as citizens of this great nation must see ourselves as partners in building a better society,’ he concluded.

’Solar Beauty’ Jenny Maaño launches the EVE Project

In a strategic alignment, leaders from the transport, solar technology, and manufacturing sectors united in a signing ceremony that highlighted these stakeholders’ commitment to drive sustainable innovation and operational excellence across their respective industries.

On August 8, SunSmart Solar Power Technology Inc. advanced a new model for Philippine public transportation through the E.V.E. Electric Vehicle Ecosystem Project-a holistic electric vehicle ecosystem – designed to integrate electric vehicles, standalone solar energy, battery storage, smart charging, transport operations, digital technology and livelihood opportunities into one sustainable mobility platform.

Being developed through a cooperation framework among SunSmart Solar Power Technology Inc., Pasig Green City Transport and Multipurpose Cooperative (PGCTMC), and E-VOLUTION Transport Solutions Inc., the E.V.E. Project brings together integrated smart green energy solutions, innovative electric vehicle manufacturing technology and transport-cooperative operations.

Beauty queen, and environmental and humanitarian advocate Jenny Lin Granados Maaño, SunSmart co-founder and president, is the brain and principal visionary behind the E.V.E. Project.

‘E.V.E. was never intended to be simply an electric vehicle project or a charging-station project. It is a vision for a holistic ecosystem,’ said Maaño, the Noble Queen of the Universe 2024 Regality and Compassion. ‘It is not only about the electric vehicle, and it is not only about the charging station. It is about connecting the vehicle, renewable energy, smart technology, the transport cooperative, the driver, the commuter and every Filipino community into one sustainable system.’

WHAT MAKES E.V.E. A HOLISTIC ECOSYSTEM?

Maaño’s vision recognizes that the transition to electric public transportation cannot be achieved by focusing on vehicles alone: The vehicle needs energy. The energy needs infrastructure. The infrastructure needs intelligent management. The transport cooperative needs a sustainable operating model. The driver needs a viable livelihood. And the commuter needs safe, reliable and affordable transportation.

The E.V.E. Project, therefore, is designed to connect these elements into one holistic ecosystem.

At the center of E.V.E. is SunSamrt’s standalone E.V.E. Solar Hybrid Charging Station, designed to operate independently from and isolated from the main power distribution grid through renewable energy systems and battery-energy storage.

The company is responsible for the design, development, supply, installation and implementation of the E.V.E. Solar Hybrid Charging Stations, giving the E.V.E. Project one of its defining characteristics: energy independence.

‘The long-term vision is to establish energy-independent mobility hubs, where solar energy is generated and stored locally and then used to support electric public transportation,’ Maaño noted. ‘For transport cooperatives, the charging infrastructure can become part of their own renewable-energy ecosystem rather than simply another electrical load dependent on the conventional grid.’

LOWERING THE COST OF PUBLIC TRANSPORTATION

The E.V.E. Project also seeks to contribute to the long-term reduction of public transportation operating costs. Electric vehicles reduce dependence on gasoline and diesel, while locally generated solar energy can reduce dependence on conventional electricity sources.

By integrating these components into one holistic ecosystem, SunSmart believes that energy efficiency and renewable power can contribute to a more economically sustainable public transport operation.

‘The goal is not simply to replace a diesel or gasoline vehicle with an electric vehicle,’ Maaño said. ‘It is to create a holistic transport economy, where cleaner energy and lower operating costs can ultimately benefit both the transport worker and the commuting public.’

FROM PASIG CITY TO A NATIONWIDE HOLISTIC NETWORK

The cooperation framework among PGCTMC, SunSmart and E-volution provides a platform for the initial implementation of the E.V.E. concept.

‘But my vision extends far beyond one cooperative or one city. The long-term objective of the pioneering partnership is to partner with more transport cooperatives nationwide,’ Maaño said. ‘Each deployment can become part of a broader nationwide network of standalone smart solar EV charging and mobility hubs.’

THE BIGGER VISION

The E.V.E. Project represents a vision where technological modernization and economic empowerment move together.

‘The objective is not simply to introduce electric vehicles. It is to build a holistic ecosystem where: the sun powers the vehicle; renewable energy reduces dependence on the grid; lower energy costs help reduce transport operating costs,’ explained Maaño. ‘Transport cooperatives become clean-mobility hubs; drivers and transport workers gain new economic opportunities; and commuters can ultimately benefit from a cleaner and more affordable transport system.’

China’s economy faces new challenges: too much production, too little demand

One of the main problems with China’s economic growth in recent years has been the weakening of domestic consumption. For a long time, rapid income growth and a booming real estate market supported Chinese household spending. Now, the mechanism is working in the opposite direction. Falling house prices, slowing income growth and uncertainty about the economic future are pushing people to save more and spend less. The IMF also says that China’s long-term property crisis and weak consumer confidence are squeezing domestic demand.

The size of China’s economy makes this problem not just a domestic issue. China is the world’s second-largest economy and a major source of global industrial, energy and raw material demand. Therefore, Chinese households’ spending less in stores, restaurants, the car market and the service sector could also affect sales in other countries.

The scale of the problem is illustrated by current figures for China’s economy. Although the country’s economy grew by 5% in 2025, the IMF notes in its report that private domestic demand remains weak and that overall inflation in 2025 is expected to average 0%. In the second quarter of 2026, China’s economic growth weakened to 4.3%. In July, retail sales growth was only 0.6%. Industrial production increased by 4.5% over the same period.

An important contradiction arises here. Chinese factories continue to produce, but the domestic market does not accept all of these products at the same pace. As a result, companies are increasingly turning to foreign markets.

In August 2026, China’s exports increased by 25% in annual terms. Exports of high-tech products increased by 42.9%. In the same month, the trade surplus reached $ 119.1 billion. These figures show that China is trying to compensate for the weakness of domestic demand with foreign demand.

This process has two different consequences for the world economy.

The first result is negative. As China consumes less, it can buy fewer products and raw materials from foreign countries. This is especially important for countries that export oil, copper, iron ore and other industrial raw materials. The weakening of the real estate sector in the Chinese economy is already putting pressure on construction, investment and consumption. According to the IMF, a 20% reduction in the size of the real estate sector could lead to a 5-10% drop in total output over several years.

The oil market is not immune to this effect. China is one of the world’s largest oil importers. As economic activity, construction and consumption weaken, the growth rate of energy demand may also decrease. This could put additional pressure on oil prices. This channel is especially important for oil-exporting countries like Azerbaijan.

The second result is positive in a sense. When domestic demand in China is weak, manufacturers may try to sell their products at lower prices in foreign markets. This could lower the prices of a range of products, from cars to electronics and solar panels. Thus, cheap products of Chinese origin could reduce inflationary pressures for consumers in the US and Europe.

But this advantage also creates problems. The aggressive expansion of Chinese companies in foreign markets is increasing competition for US and European manufacturers. The rapid growth of Chinese exports has already intensified discussions in Europe and the US about industrial policy and trade restrictions.

The main point is this: weak consumption in China is a positive factor for global inflation, but a negative factor for world economic growth. Unless the income and wealth growth of the Chinese population accelerates again, it will be difficult for the world’s second-largest economy to support global demand as strongly as before.

Therefore, the key question in China’s future economic model is no longer just “How much can China produce?” The more important question is “How much is the Chinese population willing to consume?” For Beijing, unless the issue of reviving domestic demand is resolved, the country’s growing production capacity will increasingly be directed to foreign markets. This means cheaper products for the world, tougher trade competition, and weaker demand in some raw materials markets.

2027: I Am Still Open To Alliance – Peter Obi

The presidential candidate of the Nigeria Democratic Congress (NDC), Mr Peter Obi, has rekindled hopes for further talks of a coalition among opposition parties, saying the decision lies with the parties involved.

The opposition parties had, on August 31, met at a summit in Abuja under the auspices of the G-100 to deliberate further on the coalition proposal, which had been on the table even before the parties conducted their presidential primaries.

However, not much has been heard from the major players since the summit.

Obi used an interview on Arise TV on Thursday to shed more light on his position as one of the frontline candidates in the 2027 election.

Asked whether he would step down for Atiku Abubakar or accept the vice-presidential slot if an alliance was reached, Obi said the discussion had gone beyond individual candidates.

‘I’m a candidate, yes. My leader, Atiku, is a candidate of another party and I am a candidate for another party,’ Obi explained. ‘So, you are talking about two parties coming together; it is no longer him or me.’

Comparing potential political mergers to corporate acquisitions, Obi said party leaderships, rather than just the leading candidates, must structure any working agreement.

According to him, realignment requires formal consensus across party structures, not informal agreements between presidential contenders.

He said any viable opposition coalition must prioritise good governance, national security, job creation and economic productivity over the sharing of positions.

Obi served as Atiku’s running mate under the Peoples Democratic Party (PDP) in 2019 before both contested the 2023 presidential election on separate platforms.

Obi reiterated his readiness to participate in any strategic alignment aimed at tackling the country’s challenges, saying his ultimate goal remained to build a coalition capable of lifting Nigerians out of poverty and fixing public infrastructure.

‘I was not offered VP ticket’

The NDC presidential candidate also dismissed reports that he rejected an offer to serve as the running mate to Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC), ahead of the 2027 general elections.

Obi clarified that no such proposal had formally been extended to him, dismissing claims that he turned down a vice-presidential ticket.

‘I don’t know where that was said. I wasn’t even in a position where that was being offered, and I refused,’ Obi said during the interview.

Kwankwaso urges Atiku to quit 2027 presidential race

In another development, the Vice-Presidential Candidate of the Nigeria Democratic Congress (NDC), Senator Rabiu Musa Kwankwaso, has urged former Vice-President Atiku Abubakar to withdraw from the 2027 presidential race.

Kwankwaso made the call on Thursday while receiving members of the Fulani Farmers Association at his Abuja residence.

He said Atiku, who is the presidential candidate of the African Democratic Congress (ADC), should devote his energy to his traditional role as Wazirin Adamawa, citing his age and health concerns.

‘Go to the Wazirin of Adamawa’s house and tell him in Fulfulde that he needs to focus on his traditional title, given his age and health. If Allah grants us success, we will take good care of him. An apology should be offered to him,’ Kwankwaso told the delegation.

Atiku, who will turn 80 in 2027, had earlier admitted that the election could be his last attempt at the presidency.

‘Certainly yes, because the stakes are higher and I believe that will be my last outing,’ he said in April.

The former vice-president has made several unsuccessful bids for the presidency since the 1990s, contesting under different political platforms, including the Social Democratic Party, Action Congress and Peoples Democratic Party. In 2023, he contested under the PDP and lost to President Bola Tinubu of the All Progressives Congress (APC).

Atiku has advocated restructuring, economic liberalisation and private sector-driven growth.

Obi says ‘fuel subsidy savings wasted, national debt soaring’

In the same interview, the NDC presidential candidate launched a strong criticism of the administration of President Bola Tinubu, accusing the Federal Government of impoverishing Nigerians despite generating trillions of naira from the removal of the petrol subsidy.

The former Anambra State governor argued that although the subsidy regime had historically been plagued by corruption, the current administration had failed to deploy the resulting savings productively.

‘What we are having today is that we have impoverished ourselves because we removed subsidy and no gain is seen,’ Obi said. ‘Because the money we say we have borrowed, we borrowed more.’

Obi challenged the government’s accounting of the trillions of naira saved from the removal of the fuel subsidy, saying the funds should have been channelled into critical infrastructure and productive sectors such as agriculture and small businesses.

He promised to redirect subsidies away from consumption towards production, particularly farming, small and medium-sized enterprises (SMEs) and education, to stimulate economic growth in northern Nigeria.

He contrasted government spending choices, saying the construction of 25 cancer treatment centres across the country would cost about N100 billion, describing it as a fraction of the funds saved from subsidy removal that could have been invested in critical sectors.

Obi also criticised the government’s spending priorities, arguing that essential infrastructure had been neglected while luxury items, such as new presidential aircraft, were prioritised.

He stressed that as an oil-producing nation, Nigeria should stabilise local energy prices by ensuring a steady supply of crude oil to domestic refineries rather than allowing fuel prices to rise sharply.

Describing the Tinubu administration’s financial decisions as ‘reckless’, Obi questioned whether the President was fully in charge of state affairs, pointing to what he described as a lack of direct accountability to the public.

He pledged that, under his leadership, the government would freeze unnecessary capital projects, such as presidential estate expansions, and focus on fixing existing roads, schools and health facilities.

He also promised to spend all presidential vacations within Nigeria and personally oversee security responses on the ground rather than remain in Abuja during crises.

On national security, Obi advocated the immediate implementation of state police, stronger satellite surveillance technology and an absolute rejection of ransom payments to kidnappers.

He promised to complete a single four-year term if elected, arguing that four years would be sufficient to reverse the country’s current trajectory, restore economic stability and hand over a functioning nation to the next generation.