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Peter Obi won’t give govs fuel subsidy money, return cabals like Atiku – NDC

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Nigeria Democratic Congress, NDC, Director of New Media and Strategic Communications, Theo Abu Agada, has said the party’s presidential candidate, Peter Obi, will not give funds accrued from fuel subsidy to state governors, as President Bola Tinubu’s administration is doing.
Agada also said that, unlike the African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, who is proposing a return of fuel subsidy, Obi will not bring back oil cabals that benefited from the regime.

In 2023, Tinubu ended the fuel subsidy regime during his presidential inauguration in Abuja.

A few weeks ago, Atiku sparked a debate when he proposed a return of fuel subsidy if elected president in 2027.

However, Agada said Obi would give Nigerians the funds from the fuel subsidy if elected president.

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Posting on X, Agada said the NDC’s presidential candidate would ensure that quality schools are built, quality healthcare is provided, and jobs are created with funds from the fuel subsidy regime.

He wrote:

“Sodiq, the presidential candidate of our party, Peter Obi, has, on different fora, made his position known on this fuel subsidy issue, and many of us have aligned with it.

“The fact that he has remained consistent in his conviction on how the subsidy should be managed is something for which he should be commended.

“Your candidate, Alhaji Atiku Abubakar, wanted the subsidy gone in 2023; what has changed?

“Well, for Peter Obi and many of us who have, since 2012, advocated for the removal of the subsidy and the deregulation of the downstream sector, the policy position has always been the transparent management of the subsidy regime.

“For our presidential candidate, he will not put the money in the pockets of the governors like Tinubu, and he will not bring back the oil cabals that were benefiting from the subsidy scam, as Atiku is proposing.

“We will put the money in the pockets of Nigerians and also channel the funds into building quality healthcare facilities, transport infrastructure, schools, and other programmes that will create jobs for Nigerians.

“Every logical person can see through the fake policy direction of your candidate on this. Instead of just keeping quiet and facing the APC, you are bringing us into this.”

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Osimhen Scores Again But Injury Scare Raises Fresh Concern For Super Eagles

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Super Eagles striker Victor Osimhen produced a mixed night for Galatasaray on Friday, scoring against İstanbul Başakşehir before being forced off with an injury that could raise concerns over his availability for Nigeria’s upcoming 2027 Africa Cup of Nations qualifiers.

Osimhen opened the scoring in the 17th minute with a stunning effort to put Galatasaray ahead.

Read Also: “My Injury Changed Everything” — Aiyegbeni Reveals How Achilles Blow Ruined Chelsea Move

However, his night was cut short after he appeared to suffer a problem following a challenge with Christopher Operi in the 23rd minute. The Nigerian striker continued briefly but later felt the problem again after making a run behind the defence and signalled that he could not continue.

Osimhen was eventually substituted in the 33rd minute, with Barış Alper Yılmaz coming on as his replacement.

Initial reports describe the problem as a suspected muscle/groin injury, but there is currently no confirmed diagnosis or recovery timeline. Osimhen himself reportedly admitted after the incident that he did not yet know whether the injury was serious.

The timing could be significant for Nigeria.

The Super Eagles are scheduled to begin their 2027 AFCON qualifying campaign against Madagascar on September 23, before travelling to face Guinea-Bissau on September 27.

That leaves Nigeria with just under three weeks before the Madagascar encounter, meaning Osimhen could still have time to recover if the injury proves minor. However, a significant muscle strain or tear could put his participation in doubt.

For now, Osimhen has not been ruled out of the Super Eagles’ upcoming matches, and his availability will depend on further medical examinations and his recovery over the coming days.

The immediate concern for Nigeria will therefore be the results of those assessments.

He scored a spectacular goal, but the biggest question tonight is whether Osimhen will be fit when Nigeria need him most.

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AI compute provider Nscale is looking for $3.5B in pre-IPO financing

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Nscale, a British AI infrastructure company founded just two years ago, has said it may go public as early as later this month. Ahead of that expected IPO, the company is reportedly in talks to raise an additional $3.5 billion.

Bloomberg reported Friday that the company is looking to sell $1.5 billion in convertible notes — a type of loan that can later convert into company stock — to a group of investors, while also seeking an additional $2 billion in financing from Nvidia.

Nvidia also participated in the firm’s Series B funding round in March, a $1.1 billion raise led by investment fund Aker. Nscale hailed its round as “the largest Series B in European history.” The company’s Series A round, in December of 2024, raised $155 million.

TechCrunch reached out to Nscale and Nvidia for comment.

AI infrastructure startups have seen immense growth amid the current era of AI enthusiasm, wherein compute has become a competitive currency.

Nscale recently signed a large deal with Anthropic worth approximately $45 billion. Earlier this week, reports emerged that Nscale had been telling potential investors that it has approximately $103 billion in revenue following the deal. That figure isn’t current sales; it’s a projection based on signed customer leases, according to The Information.

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