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Naira Redesign Policy to Frustrate Tinubu – Akeredolu Alleges



The Ondo State Governor, Rotimi Akeredolu, has said the naira redesign and swap policy was targeted at truncating Saturday’s presidential and national assembly elections.

He added that the policy was also targeted at the All Progressives Congress presidential candidate, Bola Tinubu, to ensure he lost the election.

The governor stated this at the state broadcast aired on electronic media outfits in the state on Thursday morning, barely 48 hours to the election.

According to him, the cash swap policy of the APC-led government and the alleged artificial scarcity of fuel “are both lethal injections deliberately administered to de-market the APC government, create an uncontrollable crisis in the nation and finally frustrate the 2023 general elections.”

He said, “The goal is to truncate the election and deny the country the service of a true patriot, an endowed visionary with a proven record of character, knowledge, leadership and performance.

“It is also an attempt to abuse the principle of the rotational presidency by denying a section of this country its legitimate right thereby fuelling ethnic disaffection and creating a grave constitutional crisis in the country.

”Recall that in the course of these circumstances, I have offered clear and unequivocal statements as our stand on this dangerous and unfortunate adventure.

“To say the least, it is a dagger drawn at the heart of the ruling APC on the eve of the elections in order to destroy it and the governments it controls at the federal and state levels. As the nation trudges on, our resolve to deepen democracy and good governance must remain unflinching and abiding.

“Despite the desperate efforts by selfish and subversive elements within the government, to destroy the multiparty politics in Nigeria, the dividends of good governance brought to the people by the APC remain indelible in the recent history of our state in particular and the nation in general.

“The central purpose (of the naira swap policy) is to frustrate his ( Tinubu’) popularity and renowned acceptability across all tribes and religions in this country. The goal is to truncate the election and deny the country the service of a true patriot, an endowed visionary with a proven record of character, knowledge, leadership and performance.

“It is also an attempt to abuse the principle of the rotational presidency by denying a section of this country its legitimate right thereby fuelling ethnic disaffection and creating a grave constitutional crisis in the country.”

While calling on the people of the state to vote for the presidential and other candidates of the APC in Saturday’s election, Akeredolu assured that Tinubu, if elected, would tackle many challenges facing the country and the state in particular.

“As your governor, my duty to you at this time of great confusion and frustration is therefore to provide you with a clear vision of the path of redemption and hope. It is to charge you all to shake off the artificial frustration and the temporary barriers on your way to choosing a president who represents hope and assured brighter days ahead.

“My message to you is that despite all the well-planned intrigues to deny you of your democratic rights and the future and prosperity of your offsprings, which Asiwaju Bola Ahmed Tinubu represents, I urge you to troop out massively and vote for the APC on Saturday.

“This is the time to separate the past from the future. For us in Ondo State, this is our time to vote for a president who identifies with our challenges and who would help us to actualize our ongoing plan for the establishment of Ondo Deep Sea Port and massive industrial revolution, tackle youth unemployment, achieve our dream of state police to solve our insecurity problem and ensure human capacity development. It is time to set a new flag and make Nigeria great,” the governor added.

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Economic Hardship: Sanwo-Olu Slashes Transport by 25%, Approves 3-Day Work Week




Lagos State governor, Babajide Sanwo-Olu, has announced a 25 per cent slash in transport fares for government-owned transport schemes.

Sanwo-Olu, who made this announcement during a live media chat tagged: ‘Sanwo Speaks,’ on Thursday, said that civil servants from levels 1–14 will begin to work three days a week as part of measures to ease the economic challenges.

He explained that the forum was meant to intimate residents of measures adopted to reduce the economic burden on Lagosians.

The governor noted that workers in the teaching sector will, however, maintain the five-day-a-week work schedule, while the government will ensure additional transportation support for them.

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Hardship Caused by APC under Buhari, Reason Tinubu’s Unable to Speak Out, Says Gbenga Daniel




The Senator representing Ogun East senatorial district, Otunba Gbenga Daniel, has expressed his wish that President Bola Tinubu should speak on the already failed economy he inherited from former President Muhammadu Buhari, detailing the efforts he has put in to strengthen the economy since assuming office.

Senator Daniel added that Tinubu has refrained from speaking because the same party he is standing for, was largely responsible for the misdeeds in the past.

The former Governor of Ogun State noted that Tinubu could not talk about the realities at the moment, pleading with Nigerians to persevere and show understanding and cooperation with the present administration as it remains committed to a more prosperous nation.

He further appealed to Nigerians to encourage the president, emphasising that he has done a lot in salvaging the country.

Daniel, who admitted hardship in the country, hinted that the menace was caused by the past government but hoped for better days.

“Our President Bola Ahmed Tinubu has done a lot. I wish he could talk now but he can’t talk because this is the same party he stood for, so he can’t; but from what I know we just have to praise his courage. We know things are very difficult but we need to encourage Mr. President, we urge our people to be patient, by the special grace of God everything will be alright.”

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Atiku’s Aide Accuses Tinubu’s Govt of Diverting Funds Through Fake Petrol Subsidy




Phrank Shaibu, a Special Assistant on Public Communication to former Vice President Atiku Abubakar, has alleged that the refusal of the Federal government to react to recent reports on the return of petrol subsidy shows that public funds have started going into private pockets.

Shaibu made the allegation through a statement while reacting to reports by the International Monetary Fund (IMF) that the Nigerian government has begun paying petrol subsidy again.

According to media reports, monthly subsidy payment is nearly N1 trillion, far in excess of exceeds the amount paid monthly by the President Muhammadu Buhari administration.

Reacting to the allegation, Shaibu said it has become clear that one of the reasons the Nigerian National Petroleum Company Limited has not been paying the required amount of money into the government’s account is because monies are being diverted under an opaque and secret subsidy regime.

He alleged: “Tinubu has been boasting at every economic forum that he deserves to be in the Guinness Book of records for removing petrol subsidy.

“He even said before ringing the closing bell at NASDAQ in New York last September that the ‘corrupt subsidy’ regime and FX issues had been resolved.

“But as every other thing relating to Tinubu, this has turned out to be another lie from the pit of hell. Currently, the exchange rate based on what the Central Bank of Nigeria recommended to the Nigeria Customs Service is N1515/$1.

“Hence diesel price is now over N1,200 but petrol is still selling for between N600 and N700.

“Nigeria is the only country in the world where such disparity between diesel and petrol exists. It has become obvious that petrol subsidy has returned through the backdoor.

“With the return of petrol subsidy, oil marketers have opted out and that is why the NNPC has returned to being the sole importer of petrol once more and has the temerity to be announcing that it will not increase petrol cost regardless of the international price of crude oil and the exchange rate.

“To be clear, petrol subsidy in itself is not a bad thing when it is done transparently.”

Shaibu added: “Former CBN Governor, Lamido Sanusi, expressed shock last month that NNPC was still not remitting FX into government’s accounts.

“It is now obvious why this has been happening. Subsidy has returned but it is now being done in a corrupt and secret manner as funds are now being diverted into private pockets even worse than under Buhari. This is the Tinubu Lagos legacy from Lagos State.”

Shaibu said it was disappointing that the Finance Minister, Wale Edun; and CBN Governor, Yemi Cardoso, who both claimed to have gotten their appointments based on their expertise had failed to speak up but had continued to cover up the petrol subsidy.

He also alleged that the Tinubu government had continued to frustrate the takeoff of the Dangote refinery which would have at least reduced Nigeria’s FX demands.

“The media reported last week that lingering regulatory approvals have stalled Dangote Petrochemical Refinery’s plan to release aviation fuel (Jet A1) and diesel for sale in the Nigerian market.

“At the same time, Dangote refinery has been struggling to get the needed crude oil and has decided to import from the United States while the NNPC which has no business with monetary policy, committed Nigeria’s crude oil for a $3.3 billion Afreximbank loan ostensibly to stabilise the naira.

“It is obvious that Tinubu and his so-called economic team are quacks, charlatans who put their personal interest ahead of that of the country. With such Lilliputians at the helm of affairs, Nigeria’s economic woes are about to go from bad to worse,” Shaibu added.

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