News
EU rescue talks fail as Netherlands blocks virus compromise

EU finance ministers failed on Wednesday to agree on a rescue plan to help hard hit member states face the coronavirus outbreak, after the Netherlands blocked the deal over bailout conditions.
“After 16 hours of discussions, we came close to a deal but we are not there yet. I suspended the Eurogroup and (we will) continue tomorrow Thursday,” said Eurogroup chief Mario Centeno.
Bickering EU finance ministers were unable to bridge differences on how to rebuild their economies after coronavirus, with a North versus South split that recalled the worst days of the eurozone debt crisis.
The European economy has been battered by the pandemic as national governments impose strict lockdowns that have closed businesses and put normal life on hold.
The ministers’ video conference dragged on from Tuesday into Wednesday, with Italy and Spain insisting on having no strings attached to the aid plan on the table.
With tensions running high, ministers put off an especially touchy discussion on a solidarity fund that would be paid for by European partners jointly borrowing money on the financial markets.
Sometimes called “coronabonds”, this proposal was firmly resisted by Germany and the Netherlands and ministers agreed to pass the idea over to EU leaders, who will meet later this month.
– ‘Sensible’ conditions –
Berlin and its allies insist that any European rescue should use the eurozone’s existing 410-billion-euro ($443-billion) bailout fund, as well as wait to see the effects of the massive monetary stimulus already unleashed by the European Central Bank.
Sources said the talks dragged on over how to use the European Stability Mechanism (ESM) bailout fund to help countries that need it, with the Dutch insisting that help could not come without some pledge for reform in return.
“Because of the current crisis we have to make an exception and the ESM can be used unconditionally to cover medical costs,” said Dutch Finance Minister Wopke Hoekstra.
“For the long term economic support we think it’s sensible to combine the use of the ESM with certain economic conditions,” he said.
Opting instead to issue bonds to raise the necessary funding would only “create more problems than solutions for the EU,” he added in a tweeted message.
ALSO READ:Private hospitals not allowed to treat COVID-19 – Abayomi
France and Germany, the eurozone’s most powerful states, said they had agreed on the terms of using the bailout fund, which could offer a total of up to 240 billion euros.
“With German Finance Miister Olaf Scholz, we call on all European states to rise to the exceptional challenges to reach an ambitious agreement,” France’s Bruno Le Maire said after the talks ended.
– No troika –
Entering the meeting, Italy said it would refuse recourse to the ESM, which was created in 2012 during the eurozone debt crisis when states like Greece no longer had access to borrowing on the markets.
ESM programmes come with strings attached for countries that use it — heavy conditions that Italy and Spain say they would refuse if other capitals were to try to impose them.
They fear having their public spending scrutinised by Brussels auditors, as happened to Greece and Portugal after their bailouts.
Northern countries insist that conditions can be kept to a minimum given the cause of the crisis, but that in the longer term a country would have to get their finances in order.
“In the end it was the Dutch who made excessive demands on conditionality,” an EU diplomat said.
“The Dutch were very tough. Without the Netherlands, we would have come to an agreement,” the diplomat added.
Whatever is eventually agreed by the ministers will then go to EU leaders.
Last month leaders met but failed to agree a bailout due to their differences and tasked the ministers to break the logjam.
Italy and Spain, backed then by France, wanted Brussels to back the idea of “coronabonds,” a shared debt instrument sold on the markets to raise money.
Also under discussion is a lending facility from the European Investment Bank for struggling small and medium-sized businesses, and a guarantee fund for certain national unemployment schemes to be run by the European Commission.
News
Oluwole Foundation Lifts 70 Branch Members Of C&S Church in Ilorin

Stephen Olufemi Oni, Ilorin
Barely a month after empowering no fewer than 70 members at the headquarters of the Cherubim and Seraphim Movement Church Worldwide in Ilorin, the Kwara State capital, the Oluwole Foundation has extended the noble gesture to 24 branches of the Church within Ilorin metropolis and Oke-Oyi.
In the new dispensation, the Oluwole Foundation provided material and financial support to additional 70 beneficiaries, costing the Foundation about N37m.
Fielding questions from journalists on the sideline of the programme, the Chairman of the Foundation, Pastor Moses Ademola Popoola, said the extension of the empowerment programme this year to the branches of the Church was in obedience to divine instruction and as a means to tackle poverty within the Church community.
“We have 62 branches under our Church, but this is the first time we are going beyond our headquarters. For now, we have covered 24 Churches and empowered 70 people, spending close to N37 million. This is not just charity; it’s also evangelism. Some people will not be converted through preaching but through welfare,” Pastor Popoola explained.
He urged beneficiaries to take the gesture seriously, work hard, and extend help to others, assuring the congregants of further expansion of the empowerment programme to cover more beneficiaries in the coming years.
“They should not see this as a national cake. Be prudent, save, grow your business, and from what you have, help someone else. That way, we help the family, society, and the nation,” he cautioned.
Pastor Popoola also called on other foundations, especially those owned by Christians, to carry out their work with sincerity, rather than for personal gain. “This service is first to God, then to society. When we help people genuinely, we reduce poverty, crime, and unemployment.”
The cleric, however, stressed the need for the government to prioritise agriculture and rural development in order to tackle poverty and unemployment ravaging the nation.
He added: “Every wealthy nation built its economy on agriculture. So, government should secure our farmlands, provide tractors, and support our farmers holistically. Let each region focus on its strength, like cocoa in the West and groundnut in the North. We must also develop rural areas with electricity, motorable roads, hospitals, and jobs to curb rural-urban migration.”
One of the beneficiaries, Mrs Janet Shaba, who expressed gratitude to the Oluwole Foundation for the kind gesture, promised that they would make judicious use of the items received.
End
News
Audu Ogbeh’s death a big loss for North Central: Kwara Gov

Stephen Olufemi Oni, Ilorin
Kwara State Governor AbdulRahman AbdulRazaq has expressed sadness over the death of former Minister of Agriculture and Rural Development, Chief Audu Ogbeh.
Governor AbdulRazaq said the death of Chief Audu Ogbeh is a big loss to the North Central Region, calling him a statesman, thoughts leader, and nationalist.
“Chief Audu Ogbeh was a dependable leader of our region. He earned the respect of all on account of his outstanding leadership and service to the nation at different times, especially during his time as Minister of Agriculture and Rural Development,” the Governor said in a statement on Sunday.
Governor AbdulRazaq has, however, sent his heartfelt condolences to the people and government of Benue State and to his family and associates.
He prayed to God to give the family the strength to bear the huge loss.
End
News
Ambode Declares Total Support for President Tinubu’s 2027 Re-Election Bid

• Dismisses claims of gubernatorial ambition under ADC.
Former Lagos State Governor, Mr. Akinwunmi Ambode, has publicly reaffirmed his unwavering loyalty to the All Progressives Congress (APC) and President Bola Ahmed Tinubu, pledging full commitment to the President’s 2027 re-election campaign.
In a strongly worded statement, Ambode dismissed recent speculations linking him to a governorship ambition under the African Democratic Congress (ADC), describing the reports as “false publications” aimed at causing distractions.
“I wish to publicly reaffirm my absolute and unshakable loyalty to the APC, the party under which I had the privilege of serving Lagos State as governor in 2015, and to President Bola Ahmed Tinubu, my leader, mentor, and a tireless champion for Nigeria’s progress,” Ambode said.
The former governor praised President Tinubu’s leadership style, describing him as a “proven achiever and result-oriented leader” whose administration has delivered significant reforms in pensions, student loan accessibility, youth empowerment, and national economic growth.
Highlighting key achievements of the Tinubu administration, Ambode pointed to the elimination of fuel scarcity, improved security measures, and policies designed to improve the lives of ordinary Nigerians.
“His focus, determination, and inclusive governance style are restoring hope and delivering tangible results. I am convinced that, given another four years, Nigerians will have even greater reason to celebrate,” Ambode stated.
He urged party faithful and Nigerians at large to ignore political distractions, pledging to work tirelessly to strengthen the APC and ensure President Tinubu’s victory in 2027.
“Let it be clear: I stand solidly with President Bola Ahmed Tinubu and the All Progressives Congress. We will work together to ensure victory in 2027 to continue delivering the dividends of democracy to all Nigerians,” Ambode concluded.
Ambode’s declaration comes amid growing political realignments ahead of the 2027 general elections, with the former governor making it clear that his political loyalty remains firmly with the APC and its leader.
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