News
Atiku Slams Government’s Fuel Policy And Calls Out T-pain
Former Vice President of Nigeria, Abubakar Atiku, has expressed deep concerns over the handling of the fuel subsidy removal by the current administration, blaming it for the ongoing economic crisis in the country.
In a strongly worded statement, Atiku criticized what he called the “haphazard and disingenuous approach” of the government, which he believes is exacerbating the country’s already dire economic situation.
According to Atiku, the mismanagement of fuel subsidy policies has contributed significantly to the inflation rate that is steadily climbing, with no signs of relief in sight.
He explained that this continuous rise in inflation is further eroding the purchasing power of Nigerians, leaving many citizens struggling to meet their basic needs.
Atiku stressed that this hardship is threatening the material well-being of millions across the nation, particularly those in the lower-income brackets.
He expressed particular concern over the apparent lack of action from key figures in the administration, pointing out that T-pain, a government official, has remained silent on the matter.
Atiku noted that while the public suffers from the economic strain, those in power seem undisturbed by the ongoing challenges, which he described as a disturbing trend in leadership.
The former Vice President’s remarks come at a time when the country is grappling with a host of economic challenges, largely fueled by the global oil market’s volatility and the internal decisions on fuel subsidy.
The removal of subsidies has led to a sharp increase in the cost of petrol, which in turn has had a cascading effect on the cost of goods and services, leaving many Nigerians in a precarious financial situation.
This criticism is not the first time Atiku has voiced his dissatisfaction with the government’s handling of economic policies.
Known for being an outspoken figure on national issues, Atiku has consistently called for reforms and better governance to alleviate the suffering of Nigerians.
Many see his recent statements as a direct indictment of President Bola Tinubu’s administration, which has been under pressure to address the economic fallout since it came into office.
Experts have weighed in on Atiku’s statements, with some agreeing that the fuel subsidy removal was rushed and poorly implemented.
They argue that while the removal was necessary for the long-term health of the economy, the government’s failure to provide adequate palliative measures to cushion the blow has worsened the situation for average Nigerians.
Atiku, who has previously run for the office of president, remains a central figure in Nigeria’s political landscape.
His comments have sparked widespread discussions, with some supporting his critique of the government and others calling for more constructive dialogue on how to navigate the economic challenges ahead.
News
FAAN to Shut Down Power in Terminal 2 of Murtala Muhammed Airport On Saturday
The Federal Airports Authority of Nigeria (FAAN), has announced power shut down in International Terminal 2 of the Murtala Muhammed International Airport, Lagos. The power shut down will be between 1am and 4:30 am on 16th Saturday of November.
According to the Director of Public Affairs and Consumer Protection, Obiageli Orah, the power shut down will only cause minimal disruption to flight operations. The director also apologises for any inconvenience in might cause to the passengers and stakeholders.
News
Former CBN Departmental Director Urges Regional Food Specialization In Nigeria
Former Director of the Budgetary Department, Central Bank of Nigeria, (CBN), Dr Titus Okunrounmu, advises the federal government to ensure the geopolitical zones specialise in a particular food item.
He gave this statement during an interview with NAN on Friday in Ota. He states that this approach will help the country manage inflation and reduce it.
“If the governments in the six geopolitical zones specialise in the production of one food item, automatically, inflation rate would be reduced to the minimised level.” In addition, Nigerians need to embark on farming to stem the prices of goods and services, which is reflected in the inflation figure.”
News
Supreme Court Dismisses States’ Challenge Against EFCC Act
The Supreme Court has dismissed a lawsuit filed by Attorneys General of several states seeking to abolish the Economic and Financial Crimes Commission (EFCC) Act.
The suit, initially brought by Attorneys General from 16 states, aimed to challenge the legal establishment of the anti-graft agency. Over time, some states, including Anambra, Ebonyi, and Adamawa, withdrew from the case, while others, such as Imo, Bauchi, and Osun, joined as co-plaintiffs during the October 22 hearing.
The apex court subsequently struck out the suits of the withdrawing states and dismissed the broader case, upholding the EFCC Act.
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