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Atiku Criticizes Tinubu’s Policies And Says Rising Costs Are Hurting Nigerians

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Photo source: Google

Atiku Abubakar, the Peoples Democratic Party’s (PDP) presidential candidate in the 2023 election, has criticized President Bola Tinubu’s economic policies, claiming they are placing significant strain on Nigerians.

Atiku’s statement was issued through his Special Assistant on Public Communication, Phrank Shaibu.

On Sunday, Bayo Onanuga, a spokesperson for Tinubu, accused Atiku of harboring envy following his election loss.

Shaibu responded, dismissing Onanuga’s comments as baseless, emphasizing that Atiku is far from jealous of Tinubu’s policies, which he claims are only worsening life for Nigerians.

In a strong statement, Shaibu said, “Atiku jealous of Tinubu inflicting pain on Nigerians? Hell no.

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Wickedness is an exclusive preserve of T-Pain.”

Atiku mentioned the government’s failure to implement its own economic promises.

He cited Tinubu’s July 8, 2024 announcement, where the President pledged a 150-day suspension on import duties for essential items like food.

However, more than 120 days later, Atiku pointed out that the policy has yet to be executed, even as Nigerians grapple with skyrocketing prices.

Food inflation, which now stands at over 40%, is one of the highest seen in decades, worsening living conditions and putting essential goods out of reach for many.

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He further criticized Tinubu’s administration for what he described as a “brazen disregard” for its own policies, particularly the finance ministry’s delay in formalizing the import duty waiver through an official gazette.

This delay, Atiku argues, shows the incompetence and disorganization in Tinubu’s government.

He added that rather than focus on much-needed governance, the administration is more interested in verbally attacking political opponents like himself and Peter Obi.

He claimed that the administration is even using questionable court actions to create disarray in the opposition.

Atiku also questioned Tinubu’s preparedness for office, calling his administration a series of “policy flip-flops” that have harmed rather than helped Nigerians.

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One of his biggest criticisms was Tinubu’s abrupt removal of the petrol subsidy, which Atiku said was done without planning for any support measures to ease the transition for Nigerians.

He noted that the President’s compressed natural gas (CNG) initiative, intended as an alternative, has so far stalled due to inadequate gas infrastructure across most states.

And this is leading to rising transportation costs that further increase food prices.

Atiku also questioned Tinubu’s economic planning in light of his mid-term expenditure framework, which projects an exchange rate of N700 to $1 by 2024 and N650 to $1 by 2025.

Atiku urged Tinubu to dismiss his economic advisers, whom he accused of unrealistic planning and deceiving Nigerians by promoting a foreign exchange reserve of $40 billion, when the net reserve is allegedly much less.

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Nigeria’s Foreign Debt Servicing Costs Jump 39.7% to $3.57 Billion in 2024

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In the first nine months of 2024, Nigeria spent $3.57 billion on foreign debt servicing—a 39.7% increase from the $2.56 billion spent during the same period in 2023, according to a Central Bank of Nigeria (CBN) report.

The highest monthly payment in 2024 was recorded in May, at $854.36 million, surpassing 2023’s peak of $641.69 million in July.

January saw a 389% increase compared to the previous year, while May’s payments rose by 286.52%. Although slight decreases occurred in June and July, September’s servicing costs were 17.49% higher than in 2023.

Amid rising debt payments, Nigeria’s total public debt reached N134 trillion in Q2 2024, up 10% from Q1.


 

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NYSC Confirms Registration Date for Batch C, Stream 1, 2024

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The National Youth Service Corps (NYSC), releases confirmed date for the registration of Batch C Stream I, 2024. The registration will commence from the 14th of November, 2024. Although the duration of days or how long the portal will be opened have not yet been stated.

Here is the photo released on their official social media page on Instagram:


 

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Edo State Government Approves Removal of Executive Boards, Agencies, and Parastatals

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The Edo State Government approves of the removal of Executive boards, agencies and parastatals in the state’s public service. This information was confirmed on Wednesday and released in the Chief Press Secretary, Fred Itua, statement.

Itua shared that the state governor has ordered the appointees to turn over their government properties to the public officer.

“It is hereby announced for the information of the general public that the Governor of Edo State, Senator Monday Okpebholo, has approved the dissolution of the executives of all boards, agencies, and parastatals in the Edo State Public Service, with immediate effect.””


 

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