Connect with us

Headline

Again, Atiku Faults Tinubu’s Economic Policies, Says Initiatives Are Arbitrary, Chaotic

Published

on

A former Vice President and presidential candidate of the Peoples Democratic Party (PDP), in the 2023 presidential elections, Atiku Abubakar, has again faulted the economic policies of President Bola Tinubu, saying they are adding hardship to Nigerians.

This is contained in a statement the former Vice President signed himself.

He condemned the 2024 budget as another “business-as-usual exercise, bereft of concrete ideas and actions that would support Nigeria’s journey toward economic transformation.”

Atiku, who contested Tinubu’s electoral victory in the tribunal up to the Supreme Court, maintained that every initiative that has emanated from the administration remains literally uninformed, arbitrary, and chaotic.

Atiku’s statement is presented in full:

STATEMENT BY H.E ATIKU ABUBAKAR ON CURRENT ECONOMIC CHALLENGES

The performance of the economy has, in recent weeks and months, been a subject of intense discourse among Nigerian citizens at home and abroad. Nigerians are gravely concerned, and rightly so, that Tinubu’s poor response to Nigeria’s economic challenges is setting the stage for a prolonged and deeper domestic economic crisis.

His economic policies, drawn from a so-called renewed hope agenda, are ironically dashing hopes, creating pain, and causing despair. The private sector is shrinking by the day as small businesses are emasculated, and as Multi-National Companies, confused and weary of the economy, leave Nigeria in droves. The intense cost of living pressures has created more misery for the poor in towns and villages. There is HUNGER IN THE LAND as basic commodities, including BREAD, are becoming out of reach of the average Nigerians.

His 2024 budget is a business-as-usual exercise, bereft of concrete ideas and actions that would support Nigeria’s journey toward economic transformation. Consisting largely of wasteful expenditures to cater to a bloated Federal Government, Budget 2024 will not facilitate growth and is incapable of empowering our citizens to earn a living and live a decent life.

BAT has shown no capacity to deal with the adverse and disastrous impact on the people and on businesses, of the new subsidy regime, and the new foreign exchange policy, which provides for a free-floating exchange rate. His initiatives are literally uninformed, arbitrary, and chaotic. BAT’s palliatives are too mean, pitiable, and contemptuous of the poor. He seems truly lost, bewildered, and overwhelmed.

To mask their failures, BAT and his political appointees are busy blaming his predecessor in office for bequeathing a ‘dead’ economy. This is an all too familiar game popularized by former President Buhari while in office. It reinforces what we already know: that BAT came into office unprepared.

Tinubu and his economic management team must swallow their pride, admit their missteps and failures, and follow those who know the terrain. They must act fast before the economy sinks deeper into the abyss.

The question is, will they? -AA

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headline

UK Orders Airspace Restrictions, Road Closures for Tinubu’s State Visit

Published

on

By

Authorities in the United Kingdom (UK) have announced temporary airspace restrictions and road closures in Windsor ahead of President Bola Tinubu’s State visit to the country.

Britain’s monarch, King Charles III, will host Tinubu and First Lady Oluremi Tinubu at Windsor Castle on March 18 and 19, 2026.

State visits represent the highest level of diplomatic engagement hosted by the British monarch.

According to Thames Valley Police, extensive security measures will be implemented in Windsor during Tinubu’s state visit, including an expanded airspace exclusion zone and a large-scale policing operation.

The castle already operates under a permanent airspace restriction, but authorities said the exclusion zone will be extended on March 18 between 07:00 and 23:59 GMT.

Police warned that anyone who breaches the restriction will “likely” face arrest.

Security operations will involve search teams, armed units, mounted officers, and road policing officers. Neighbourhood officers and Project Servator teams will also conduct patrols across the town to deter and detect criminal activity while engaging with the public.

Officials added that Windsor’s extensive CCTV network and hostile vehicle mitigation barriers will also be used as part of security arrangements.

Ch Supt Adrian Hall of the joint operations unit said:

“As a force, we have a vast amount of experience in policing royal events in Windsor, and significant planning and preparation have gone into this event.

“We will ensure everyone attending the state visit, including dignitaries, spectators, and members of the public, are kept safe to enjoy the historic occasion.”

Authorities said several road closures and parking restrictions will begin on March 17 ahead of Tinubu’s State visit, warning that motorists may experience temporary disruption on roads in and around Windsor.

Some footways and pedestrian crossings in the town centre will also close periodically between 09:30 and 12:30 on March 17 and 18 for a ceremonial procession.

Continue Reading

Headline

False and Misleading: Senator Ireti Kingibe Not Suspended, Says ADC

Published

on

By

The African Democratic Congress, ADC, has dismissed reports that Senator Ireti Kingibe has been suspended from the party, describing the claims as false and misleading.

Kingibe currently represents the Federal Capital Territory in the Senate.

In a statement issued on Thursday, the party’s National Publicity Secretary, Bolaji Abdullahi, said the ADC is not aware of any decision to suspend the senator and urged the public to ignore the circulating reports.

Abdullahi emphasized that the party has well-defined constitutional procedures for handling allegations involving its members.

“The African Democratic Congress is unaware of any suspension of Senator Ireti Kingibe, the distinguished Senator representing the Federal Capital Territory,” he said.

He added that as a law-abiding political party, the ADC follows established internal mechanisms when dealing with issues concerning its members rather than addressing such matters through media statements.

“As a law-abiding political party, the ADC has clear constitutional procedures for addressing any allegations involving its members. Such matters are handled through established internal mechanisms, not through press statements,” Abdullahi stated.

The party therefore called on the public and media organizations to disregard the reports of Kingibe’s alleged suspension.

“We therefore urge the public and the media to disregard the reports suggesting that Senator Ireti Kingibe has been suspended by the party, as they are false and misleading,” the statement added.

Continue Reading

Headline

Tambuwal Finally Dumps PDP, Defects to ADC

Published

on

By

Former Governor Aminu Tambuwal has announced his defection from the Peoples Democratic Party to the African Democratic Congress.

Mr Tambuwal, who announced his defection in an official letter addressed to his PDP ward chairman on Wednesday, said the move was driven by the party’s unresolved crisis.

“I write to formally tender my resignation as a member of the Peoples Democratic Party (PDP), effective from today,” the letter stated.

Mr Tambuwal stated that the party’s persistent internal crisis, leadership disagreements, and divisions at various levels made it difficult for him to continue his active participation and commitment as a member.

“The ongoing conflicts have, unfortunately, worsened the unity and direction that once defined the party,” the former Sokoto governor stated.

Meanwhile, in a statement on X on Thursday, Mr Tambuwal said he had officially joined the ADC with his associates and supporters.

“I am convinced that this decision is guided by my belief that Nigeria needs a stronger political platform built on integrity, accountability, inclusiveness, and a clear commitment to national development.

“I remain fully committed to the service of our country and to the ideals of democracy, justice, and national unity,” the former governor stated.

Continue Reading

Trending