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Tinubu: Hitting Ground Running or Supervising Hardship?

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By Eric Elezuo

In 30 days that President Bola Tinubu has been in power, a lot of water has passed under the bridge. While the loyalists and supporters of the president believe that he has taken steps in the right direction, the generality of the Nigerian population are groaning in what many described as consciously inflicted hardship.

The Tinubu administration kicked off on May 29, 2023, with a blanket removal of subsidy on petroleum products; a move many analysts believed has been the pivot through which all other counter effects have emanated.

During his inauguration speech, Tinubu noted that “fuel subsidy is gone”, bringing an end to what a section of Nigerians agree was the only lifeline enjoyed by the public from any government. They argued that with its removal, and without any tangible fall back or palliative, it means the Tinubu administration has removed the only connection between the people and the government of the day in terms of cushioning effect of economic meltdown.

However, Tinubu had insisted that subsidy was a fraud enjoyed by only the rich at the detriment of the poor, and must be removed, the level of protestations from the public notwithstanding. He added that he was only a mouthpiece to the subsidy removal, as the process was not captured in the 2023 budget, which was the ground work work the immediate past government of Muhammadu Buhari.

“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

“We shall, instead, re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions,” he said.

The payment of subsidy on petroleum products, everyone agreed, has, however, threatened the nation’s fiscal position and impacted the government’s ability to fund developmental projects across the nation, but what is in contention is the timing of the removal as it has adversely affected the already impoverished population rather than ameliotating their hardship.

A cross section of Nigerians, including organised labour vis a vis the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), the former presidential candidates of the Labour Party, Mr. Peter Obi and Peoples Democratic Party (PDP), Atiku Abubakar among many other influential Nigerians, have reasoned that though the removal was a necessity, its method of introduction by the Tinubu government was not people-friendly. They argued that measures could have been laid bare to cushion the effects before its removal.

But in defence, Tinubu, in his first broadcast to the nation, to commemorate June 12 Democracy Day, said though he recognised the sufferings Nigerians were going through, the removal of fuel subsidy was necessary to save the country from going under. He promised to give succour through a combination of reliefs in different sectors of the economy.

“I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements. Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country. For your trust and belief in us, I assure you that your sacrifice shall not be in vain. The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities that will improve the quality of lives,” the president said.

But the amid the severe and biting pains, Nigerians are worried that the sacrifice Tinubu and his government called for is only being borne by the people while the government and officials still live large and in visible opulence.

The suspicion Nigerians had of the administration further heightened when news hit the media space that Tinubu has approved 114 per cent salary increment for himself, the Vice president, political office holders, members of the legislature and judicial officers. The story was however, denied by the presidency.

“We state, without any equivocation, that President Bola Tinubu has not approved any salary increase, and no such proposal has been brought before him for consideration,” a statement signed by the Special Adviser to the President on Special Duties, Communication and Strategy, Dele Alake, read. The statement blamed enemies of the administration for the false narrative, saying that it was “contrived to create ill-will for the new administration, slow down the upward momentum and massive goodwill the Tinubu-led administration is currently enjoying among Nigerians as a result of its fast-paced, dynamic and progressive policies.”

Other draconian or anti-people policy that has made media rounds, but denied by the administration, include increase in electricity tariff and supposed hike of petrol price to N700.

A cross section of Nigerians, who bared their minds to the The Boss, said there’s no smoke without fire, adding that most of these things begin as a rumour, then denied, and later resurrect to become the norm.

With the notion that it was moving on fast-paced, dynamic lane, having sacked, arrested and detained the Central Bank Governor, Mr. Godwin Emefiele and the Economic and Financial Crimes Commission (EFCC) chairman, Abdulrasheed Bawa, Tinubu had dished out policies that have further reduced the purchasing power of the naira, and enlisted the ordinary Nigerian in the lowest wrung of the poverty index. With the prices of food items, services and transportation hitting the roof, the masses are just left to wonder what line of ‘sacrifice’ the Tinubu government will come up with next in the guise of making things better. He had installed Folashodun Shonubi, a deputy governor in charge of operations in place of Emefiele.

Making good his promise of a “thorough house-cleaning” of the CBN during his inauguration, Tinubu, on June 14, through the CBN, announced the unification of all segments of the foreign exchange (FX) market, replacing the old regime of multiple exchange rate “windows” for different purposes with, in effect, a market rate.

African Business reported that naira immediately fell 36% against the dollar on the official market. The liberalisation of the market signalled the removal of some of the restrictions on the foreign exchange rate in the official market.

Tinubu’s wand wave led to the jumping of Nigeria’s stock market to its highest level in 15. The index of the Nigerian Stock Exchange soared 4% higher on the day to a closing price of 58,164 points, sending stocks’ year-to-date gains to 13.5%. The stock market continued its rally after the CBN liberalised the market, with market capitalisation climbing 3.26% to reach N32.7 trillion on 15 June, demonstrating the increased value of listed companies on the stock exchange.

The number of deals executed on 14 June showed a 15% increase compared to the previous trading period, with volume of trade rising by 9.28% to show increased market participation and increased liquidity, according to African Business.

But stakeholders across labour and traditional commerce have asked how the measures have affected the standard of living of the average Nigerian. The answer is farfetched as prices continue to reduce Nigerians to second class citizens, making families remain continually unsure of where and how the next meal (if any) will come.

But Tinubu seems optimistic, and while being hosted by the Lagos State governor, Babajide Sanwo-Olu, reiterated that his policies, as harsh as they seem at the moment, will in the long run, benefit Nigerians.

“We will work together in an open door policy that will bring Nigeria from the brinks back to a resilient economy; be ready.

“You governors, I know what I am going to do from Monday, Tuesday, up. I want us to be partners so that we can rescue our country and make it whole again.

“We shall receive the joy of giving, the joy of perseverance, the joy of resilience and endurance. You will see the reward. For this country is going to be prosperous for us.

“I am happy that the legislature, the executive arms of government are here. I appreciate it and I will continue to appreciate it more when we work together to dissect the possible economic prospects of our nation in favour of our children,” Tinubu said.

Meanwhile, operators within the downstream oil and gas sector have said the federal government has raked in N400 billion due to fuel subsidy removal in the last 30 days. This was disclosed in an interview with Daily Post by Chinedu Okonkwo, National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN). That was a cheering news as that is the amount Group Managing Director of Nigeria National Petroleum Corporation Limited, Mele Kyari, claimed Nigeria spends on subsidy every month.

A socio-economic analyst, who spoke with The Boss of the basis of anonymity, informed that “most Nigerians, especially the market men and women are not interested in the bogus figures being paraded by the administration; they want to take a bus and pay affordable price, they want to go market buy food items without breaking the bank. Anything other than that, will mean an extension of the disastrous eight years of Buhari.”

With one month gone, the tangible things Nigerians have witnessed are the sack and arrest of Emefiele and Bawa; sack of service chiefs and their replacements.

“That is not an achievement,” the analyst said.

Nigerians are looking forward to better days ahead as the hardship bites harder.

Tinubu was inaugurated as the 16th Nigerian leader, on May 29, 2023, having defeated the duo of Atiku Abubakar of the PDP and Peter Obi of the LP with what observers noted as the smallest number of winning votes since 1999.

However, Atiku and Obi are in court challenging the emergence of Tinubu as president, praying the judiciary to ‘do the right thing’.

The 180 days judicial window for the litigation, which will terminate in October, will put paid to the contention of who won the election.

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LP: Nenadi Usman Floors Julius Abure at Appeal Court

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The Court of Appeal in Abuja has dismissed the appeal filed by Julius Abure challenging the legitimacy of the Nenadi Usman-led leadership of the Labour Party (LP).

A three-member panel of the appellate court, in a Tuesday judgment, unanimously affirmed the January 21 judgment by Justice Peter Lifu of the Federal High Court in Abuja, which upheld the legitimacy of the 29-member caretaker committee of the LP, led by Senator Usman.

In the lead judgment delivered by Justice Oyejoju Oyewumi, which Justices Abba Mohammed and Eberechi Nyesom-Wike agreed with, the appellate court held that the earlier Supreme Court judgment conclusively settled the leadership dispute within the LP by nullifying the convention that purportedly returned Abure as National Chairman.

Justice Lifu had, in the January 21 judgment, relied on an April 4, 2025, decision of the Supreme Court, which held that Abure’s tenure as the party’s National Chairman had expired. The judgment directed the Independent National Electoral Commission (INEC) to recognize Senator Usman and other members of her committee as the legitimate leaders of the party, to the exclusion of all others.

The court further held that the lower court had the power under Section 251 of the Constitution to compel a statutory Federal government agency to perform its functions when it ordered INEC to recognize Senator Nenadi Usman as the National Chairman of the Labour Party.

It was equally agreed with the trial court that constituting the LP’s caretaker committee, headed by Usman, was a doctrine of necessity required to provide leadership in the party when a vacuum appeared to exist.

The court faulted Abure’s claim that the trial court denied him a fair hearing and accused him of abusing the court process.

The court also accused Abure of forum shopping by appearing before the Nasarawa State High Court in a case already decided by the Supreme Court, and of persisting in the claim the party’s leadership despite the apex court’s clear and unambiguous pronouncement.

It held that the appeal, marked: CA/ABJ/CV/255/2026, was devoid of merit and constituted an abuse of court process.

“On the whole, I agree with the decision and conclusion of the trial court as the same, being in accordance with the Constitution,” Justice Oyewumi held, adding that the lower court reached a reasonable conclusion that the Court of Appeal cannot fault.

While dismissing the appeal, the court awarded him costs of N10 million for wasting the court’s time on an issue that had already been conclusively determined.

Earlier, the court held that Nenadi Usman, as a juristic person, had the right to file the case before the trial court, and that the trial court had jurisdiction to hear and determine the case.

The court also rejected Abure’s allegation that the lower court denied him a fair hearing, noting that the claim lacked any basis.

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Tinubu Sacks Edun, Appoints Oyedele As Finance Minister

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President Bola Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council (FEC).

According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.

A statement signed by the Special Adviser, Media and Publicity to the Secretary to the Government of the Federation, Yomi Odunuga, on Tuesday evening, said Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy.

“He has been directed to hand over to Mr. Taiwo Oyedele, who is now to take over as Minister of Finance and Coordinating Minister of the Economy. Oyedele was formerly a Minister of State in the ministry.

“Also Mr. Muttaqha Rabe Darma (PhD.) has been named as the ministerial nominee and minister-designate for the Housing and Urban Development Ministry,” Odunuga stated.

The memo also directed Dangiwa to hand over to the Minister of State in the ministry pending Darma’s confirmation.

The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”

Explaining the President’s decision, Odunuga quoted Akume as saying: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”

He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).

The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.

The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”

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Tinubu, Victim of Historical Amnesia – Atiku

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By Eric Elezuo

True to political permutations, the National Convention of the opposition African Democratic Congress (ADC) amid Independent National Electoral Commission (INEC) derecognition and leadership litigation, set a chain reaction in the political space, including a former Vice President and one of the leaders of the ADC, Alhaji Atiku Abubakar, berating President Bola Tinubu as lacking a good knowledge of history.

Against all odds, the party went ahead on April 14, to host a Convention, where over 3000 delegates attended, and where the leadership of Senator David Mark and Ogbeni Rauf Aregbesola as National Chairman and National Secretary respectively were ratified.

Since the April 14 event, the ruling All Progressives Congress (APC) has reacted in a manner political stakeholders and analysts categorized as panicky with statements from the presidency, and President Bola Tinubu himself. Though these responses were tagged correctional of ill-made utterances by ADC chieftains, observers have however said they portray comments by a team faced with an ultimately new challenge.

At the convention, the secretary of the ADC, Aregbesola, had dismissed Tinubu’s administration and his renewed hope policy as a scam. He lambasted the administration as a government of “scammers”, urging Nigerians to block it from retaining power in 2027.

“If allowed, this regime will continue to chant renewed hope till eternity. We have a duty to stop these scammers from retaining power,” Aregbesola said.

The former vice president followed up the convention statements, accusing Tinubu’s presidency of attempting to subvert democratic principles and silence opposition voices ahead of the 2027 elections, a position that further set the ruling party on edge, eliciting tons of reactions.

Beyond Presidential spokesman, Bayo Onanuga’s criticism of Aregbesola for failing to reflect on his own record before attacking his “former boss and benefactor”, Tinubu himself made remarks against the person’s of the leaders of the ADC and their convention, calling it ‘street convention’.

“Unfortunately, Aregbesola did not undertake any honest self-reflection on his own record in public office — as governor or as Minister of Interior,” Onanuga stated in his statement.

He alleged that Aregbesola’s tenure as governor of Osun State was marked by hardship and poor economic management.

“His eight years as governor of Osun State were characterised by unmitigated hardship for the people. Under his half-baked socialist policies, civil servants went unpaid for months, and those who were paid received only a fraction of their salaries,” Onanuga said.

Tinubu, on his part, while hosting the Hope Renewal Ambassadors, took a swipe at some opposition figures, especially Atiku, ridiculing and questioning their records for criticising his administration, and saying that many of them have held strategic positions in the past without delivering lasting results.

He boldly retorted that “If you look at one of them, no one without history among them – no one without history. The head was the chairman of the privatisation council of Nigeria in this country one time.

“He privatised the steel industry in Delta. Is it working today? No. Is anything they privatised working today? They want to privatise another man’s political party. That one says no.”

Responding therefore, the former Vice President launched a fierce counterattack on Tinubu, accusing him of hypocrisy, historical distortion, and political desperation.

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku described the President’s remarks as a “reckless tirade” that reflects “a troubling pattern of hypocrisy and historical amnesia.”

The statement began with “Atiku Abubakar’s attention has been drawn to the latest reckless tirade by President Bola Ahmed Tinubu—a performance that exposes not just desperation, but a troubling pattern of hypocrisy and historical amnesia.”

Atiku expressed surprise that a leader facing persistent scrutiny over his own credentials would attempt to discredit others with what he described as well-documented records of public service.

On the issue of privatisation, Atiku’s camp argued that Tinubu’s criticism does not stand up to scrutiny, noting that the President had previously opposed reforms he now appears to be implementing.

The statement maintained that Atiku had long advocated the privatisation of the Nigerian National Petroleum Corporation (NNPC) and the sale of refineries to credible private investors—a position it claimed Tinubu resisted at the time.

It, however, alleged that the current administration is now overseeing a system that has effectively commercialised the national oil company “without transparency, clear valuation, or accountability.”

“This is not reform; it is privatisation without accountability,” the statement said.

Defending Atiku’s economic legacy, the statement cited several companies as examples of the success of the privatisation programme he supervised, including Oando Plc (formerly Unipetrol), Conoil Plc, African Petroleum (now Ardova Plc), Indorama Eleme Petrochemicals, Benue Cement Company, and Transcorp Hilton Abuja.

The statement also took a swipe at the President’s intellectual posture, suggesting that his comments reflect a failure to engage with documented history on Nigeria’s economic reforms.

“It is not our fault that the President does not and cannot read,” the statement said, while also referencing past controversies surrounding Tinubu’s academic records.

It added that Tinubu’s remarks could only have been made in disregard of publicly available records and credible accounts of the privatisation process.

“You cannot oppose reform when it demands courage and then execute a shadow version of it in power,” the statement added.

Atiku’s camp further criticised the tone of the President’s remarks, arguing that resorting to mockery reflects a deeper leadership concern.

“The President’s attempt to reduce a serious economic legacy to ridicule underscores a leadership more comfortable with insults than with facts,” it stated.

The statement also highlighted the current economic situation in the country, pointing to rising cost of living, inflation, and insecurity as evidence of policy failure.

“Across the country, families are skipping meals, businesses are shutting down, and citizens are struggling under the weight of inflation and declining purchasing power. What has been presented as reform has translated into hardship without relief,” it said.

The statement concluded by asserting that Atiku’s record remains “clear, documented, and defensible,” while noting that unresolved public concerns about the President’s background persist.

“A leader who has not fully addressed questions about his own background should exercise restraint before casting aspersions on others,” it added.

The statement ended with a cautionary note: “Nigerians are watching.”

While the ADC is fighting for their life, and an opportunity to feature on the ballot during the 2027 general elections, and APC solidifying their grip on the political space, the atmosphere still exudes evidence of palpable tension. The APC maintains that they are on homerun to victory, ADC counters that nothing will save the ruling party from being defeated in the coming elections.

But as it stands today, both parties are locked in battle of wits recreating the tension and bad blood that was the hallmark of the 2015, and to a large extent, the 2023 elections.

But on April 22, the Supreme Court will rule on the leadership of the ADC; this will set the motion to the credibility of the ADC to participate in the 2027 election.

But fears pervade the political terrain as Tinubu made veiled reference to the judiciary while mocking Atiku and other leaders of the ADC.

“We cannot submit to the disobedience of unlawful orders in court. We must embrace the judiciary, whether it favours us or it doesn’t, we submit to this principle of democracy, separation of powers and understanding of the dynamics of it and the nation that Nigeria is,” Tinubu had said, insinuating that the ADC had gone against the judiciary.

The coming week will determine in totality the direction the 2027 situation will take.

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