Connect with us

Featured

Economic Challenges: Presidency Lacks Credible Defence for Tinubu’s Failures by Paul Ibe

Published

on

…Atiku offered better policy options to Tinubu’s morbid prescriptions

The Presidential Spokesman, Bayo Onanuga, failed to provide a credible defence of Bola Tinubu’s failures in tackling the economic challenges facing the country. In his characteristic manner, he resorts to insults and name-calling. He demonstrates ignorance of the happenings around him – as he denies, for example, that Bola Tinubu’s policies are creating excruciating pain and causing despair. We wish to respond to him as follows.

Point 1: Did Atiku Abubakar offer any better policy options in his run for the presidency?

Yes, he did. His living prescriptions contrast sharply with Bola Tinubu’s morbid policies. Atiku’s policy document, My Covenant With Nigerians, offers a clearly defined and robust roadmap for the socio-political and economic transformation of Nigeria. On the economy, the policy document outlines the challenges we face and our vision to get the economy on its feet and create prosperity.

If Bayo desires, he can have a copy for free!

Point 2: That all the major presidential candidates supported withdrawal of subsidy on PMS.

But so, what? Even if all the major candidates agreed that the fuel subsidy regime must end and that the multiple exchange rates must be fixed, this would not translate into endorsing Bola Tinubu’s failures in implementation. The truth is that unlike Atiku, Bola Tinubu did not understand the reforms he embarked upon and had no idea what steps to take to mitigate their negative impact.

As a leader with foresight, Atiku anticipated that the withdrawal of subsidy and the unification of exchange rates could, in the absence of fundamental interventions, impact negatively on micro and small enterprises in the informal sector. He anticipated that such policies could elevate the levels of vulnerability and deprivation of poor families. including the youth and adults with no incomes.

The former Vice President, therefore, pledged to support Nigeria’s businesses by creating an Economic Stimulus Fund with an initial investment capacity of approximately US$10 billion to prioritize support to MSMEs across all the economic sectors, as they offer the greatest opportunities for achieving inclusive growth. The Fund was designed to make it easier for Nigeria’s 60 million micro and small enterprises to navigate the stormy seas in the aftermath of the withdrawal of subsidy on PMS.

In contrast, Bola Tinubu offered a paltry N125 billion to help the MSMEs, which at today’s exchange rate is no more than US100 million. Of course, Bayo Onanuga is aware that the pledge is yet to be redeemed by the president.

Atiku also pledged to implement a robust social investment programme to support the poor and vulnerable with CCTs. Atiku’s support to the poor and vulnerable would include prioritized actions to address the challenges of displacement and the sufferings of IDPs across the country.

In contrast, the funds for Tinubu’s CCT were cornered by his officials in the Ministry of Humanitarian Affairs.

Alongside the Economic Stimulus Fund, Atiku pledged to launch a uniquely designed skills-to-job programme that would target all categories of youth, including graduates, early school leavers as well as the massive numbers of uneducated youth who are currently not in education, employment, or training.

As a leader of vision, Atiku was ready for the potential fallout of his policies. Bola Tinubu was clearly not ready. It was only after he unleashed his morbid reforms that he started groping in the dark, looking for solutions. We all recall that in October 2023, the Financial Times of London rebuked Bola Tinubu for announcing plans without ideas for how to implement them.

Point 3: Is the private sector not overburdened by Bola Tinubu’s failure to address the aftermath of his policies?

Would Bayo Onanuga deny that Unilever, GlaxoSmithKline (GSK), Procter & Gamble (P&G), Sanofi-Aventi Nigeria, Bolt Food, Equinor etc had exited Nigeria citing reasons including foreign exchange complexities, security concerns, and high operational costs?

Bayo Onanuga must be living in a dream world outside the shores of Nigeria.

Point 4: Is Bayo denying that cost-of-living pressures have intensified since May 2023?

He needs to read the official statistics from the National Bureau of Statistics: The annual inflation rate reached a nearly 30-year high of 28.9% in December 2023, up from 28.2% in November.

Would Bayo Onanuga deny that food prices, which constitute a significant portion of the Consumer Price Index (CPI) basket, soared to 33.9% in December, the highest level since August 2005? Would he also deny that in many states of the federation, citizens have blocked roads in protest? Just yesterday morning (Monday, February 5), it was reported that hundreds of residents of Minna in Niger State blocked major roads to protest hunger and the high cost of living in the country.

Only failed leaders play the ostrich and live in self-denial.

Point 5: The Presidency’s response is full of lamentations and resorted to blame game. It is a familiar road travelled by the ruling party!

It has become fashionable for every APC-led government to blame others, especially the opposition and external factors for Nigeria’s economic woes. Now, Tinubu is elevating the blame game to the NEXT LEVEL as he accuses his own party of lacklustre performance.

The evidence, however, is overwhelming. Tinubu’s under-performance is largely attributable to leadership failures in the management of the economy. The failure of leadership by the APC-led government is staring every Nigerian in the face as the country’s economic, social, political, and security challenges persist and assume frightening dimensions.

An unprepared leadership such as Bola Tinubu’s fails to anticipate impending crisis and is always slow to react.

Continue Reading
Click to comment

Leave a Reply

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

Featured

Vote Buying, Low Turnout Mar FCT Polls – Yiaga Africa

Published

on

By

A civil society organization, Yiaga Africa, has released its preliminary report on the 2026 Federal Capital Area Council Elections held on Saturday.

The civic group reported that vote buying was witnessed at various polling units in the election.

The Independent National Electoral Commission (INEC) conducted elections for the position of chairman in the six area councils of the FCT, as well as for 62 councillorship seats.

Yiaga Africa said it deployed trained and duly accredited roving observers to systematically monitor the conduct of the elections.

It said that its observers were deployed by 7:30am and covered polling units across the sixty-two wards of the FCT, with their mandate including observing key aspects of the voting process, including opening procedures, accreditation, voting, and counting.

Yiaga Africa said it observed that the election was conducted in a largely peaceful atmosphere, adding that voters who presented themselves at polling units were afforded the opportunity to exercise their franchise without widespread disruption but added that notwithstanding this enabling environment, voter turnout was generally low, with most polling units recording poor turnout.

It said that logistical challenges adversely affected the timely commencement of polling, particularly in the Abuja Municipal Area Council, AMAC, where delays in the deployment of personnel and materials contributed to late opening in several locations.

It added that the relocation of certain polling units coupled with inadequate and untimely communication of these changes to voters generated confusion and may have resulted in voter disenfranchisement saying that such administrative lapses have significant implications for electoral access and public

On its preliminary findings, the election watch agency said: “Yiaga Africa observers reported a delayed commencement of polling in several polling units, primarily attributable to logistical inefficiencies and, in some instances, election security–related challenges.

“As of 9:00 a.m., set-up activities were still ongoing in the majority of polling units observed, indicating that essential preparatory procedures had not been completed within the timeframe prescribed by electoral guidelines.

“In the Abuja Municipal Area Council (AMAC), particularly in Wuse and Gwarinpa wards, several polling units opened significantly behind schedule. Observers noted that polling officials were still arranging materials and organizing the voting environment as at 9:00 a.m., with accreditation and voting commencing only after 10:00 a.m. On average, across the sampled polling units observed, accreditation and voting began at approximately 10:00 a.m.

“Consistent with the Commission’s guidelines, critical election materials including the Bimodal Voter Accreditation System (BVAS) devices and the voter register—were deployed in the polling units observed.

“However, in Polling Unit 004, Wuse Ward, Zone 2 Primary School, the voter register was not initially available and was only produced after observers raised concerns and voters objected. In addition, essential voting materials were absent in certain locations. Voting cubicles were not observed in PU002 (Ward 09), PU006 (Ward 01), and PU012 (Ward 10) in Abaji Area Council. Furthermore, an ink pad required for the voting process was reportedly missing in one polling unit observed.

“Observers reported instances in which voters were reassigned to newly created polling units without prior or adequate notification. While Yiaga Africa acknowledges INEC’s efforts to notify affected voters via SMS, many of these messages were delivered on Election Day, with some received hours after polling had already commenced. The lack of timely and effective communication generated confusion at several polling locations, as numerous voters spent over an hour attempting to ascertain their designated polling units.

“In multiple instances, this administrative shortcoming contributed to congestion and
overcrowding, thereby undermining orderly queue management and potentially
discouraging voter participation.

“The observation further revealed significant disparities in voter distribution within the same polling locations. Such pronounced imbalances raise serious concerns regarding the coherence, and reliability of the Commission’s polling unit expansion and voter redistribution framework.

“Closing of Polling Unit before the official 2:30pm: Observers reported some polling
units closing the polling process before the official 2:30pm close time. While some
polling units experienced poor voter participation, the guideline requires the polling unit to remain open until 2:30pm or the last person on the queue votes.

“Security Deployment and Observer Access: Yiaga Africa observed heavy security deployment in certain locations, which, in some instances, impeded the movement of accredited election observers and restricted access to polling units. Observers further noted that the heightened security presence created barriers for citizens attempting to
access polling units to exercise their right to vote.

“Vote buying: The persistent menace of vote buying once again manifested during the election. Yiaga Africa observers documented incidents of vote buying at polling units, underscoring the continued vulnerability of the electoral process to monetary inducement.

“Despite prior assurances and directives issued by INEC to security agencies to identify and apprehend both vote buyers and sellers, these illicit practices reportedly continued in several locations.”

DailyPost

Continue Reading

Featured

I’m Proud of You, Osinbajo Tells Abia Gov Alex Otti

Published

on

By

Former Vice President Yemi Osinbajo has applauded Governor Alex Otti of Abia State for what he described as purposeful, people-centered leadership that is repositioning Abia State for sustainable growth and prosperity.

Speaking during his visit to the governor in his office on Wednesday, February 18, which coincided with Otti’s birthday, Osinbajo expressed deep appreciation for the governor’s hospitality and outstanding performance in office, noting that the true essence of public service is making meaningful differences on the lives of the people.

“I am extremely proud of the work you have done so far, you have lived up to expectations – not only to the people but also to your friends and associates. In the short time I have been here, I have seen tangible evidence of progress.” The former Vice President stated.

Prof. Osinbajo particularly commended Governor Otti’s bold social welfare reforms, including assenting into law, the Senior Citizens’ Law.

He described the initiatives as exemplary and deeply rooted in compassion and social responsibility, emphasising that the world’s most successful welfare systems are built on care for the vulnerable.

He also lauded the extensive road infrastructure renewal and improved connectivity across the State, describing the projects as visible symbols of purposeful and results-driven leadership. While reflecting on the demands of leadership, Prof. Osinbajo noted that while many aspire for public office, true distinction lies in delivery.

“Sometimes you wonder whether, after all the efforts to get into office, leaders are able to fulfill their promises. But in your case, you have done not just what you promised, but even more. You have made public service worthwhile,” Prof. Osinbajo added.

He prayed for renewed strength, wisdom, and divine favour for Governor Otti as he continues the work of transformation in Abia State.

In his response, Otti warmly welcomed Osinbajo, describing him as a brother, friend, and mentor, whose visit was deeply appreciated.

The governor clarified that the gathering was not a planned birthday celebration but just marking the day, noting that he rarely celebrate such occasions publicly, especially while serving in public office.

He expressed gratitude to well-wishers who came voluntarily and emphasised his preference for modesty and focus on service.

Otti thanked God for the progress recorded within 32 months in office, describing the administration’s achievements as modest but impactful.

He reiterated that governance must remain centered on the welfare and security of the people.

“Governance is about the people their welfare, their safety, and their peace of mind. If you enter office for any other reason, you miss the essence of leadership,” Governor Otti stated.

He recalled decisive actions taken in the administration’s first month, when some local governments were under the control of non-state actors. The governor said that firm intervention restored order and ensured that communities once inaccessible are now safe and open to residents.

Governor Otti also commended security agencies for their round-the-clock dedication, acknowledging their sacrifices in maintaining peace and stability across the state.

“We are grateful to the men and women who stay awake so that our people can sleep in peace,” Otti stated.

Earlier, the Secretary to the State Government, Dr. Emmanuel Meribole, on behalf of the State Executive Council, extended warm birthday wishes to the governor, praying for continued strength and fruitful years ahead.

Continue Reading

Featured

Gunmen Invade Ondo Palace, Kill Monarch in Failed Abduction Attempt

Published

on

By

Suspected armed bandits have killed a traditional ruler, Oba Kehinde Falodun, the Alagamo of Agamo community, during a violent assault on his palace in Akure North Local Government Area of Ondo State.

The attackers, reportedly about 10 in number, were said to have stormed the monarch’s residence on Wednesday evening in what residents described as an attempted abduction of the royal father and members of his household.

According to the Olori (Queen), who narrowly escaped, the gunmen initially attempted to whisk the monarch away but encountered resistance before the situation escalated.

“The bandits just came and started shooting. They were about 10. Three stayed at the entrance while others came inside. I ran into the bush. They shot at me, but it did not affect me,” she said.

She added that when the kidnappers failed to subdue the monarch, they resorted to violence.

“They kept dragging my husband, and I kept shouting for help. Later, they hit something on his head and stomach. He has been killed,” she said.

Confirming the incident on Thursday, spokesman for the Nigeria Police Force in Ondo State, DSP Abayomi Jimoh, said the command received distress information around 7:50 pm from a community leader.

He said about six armed men invaded the palace, forcefully took the monarch from his compound, and fled.

“The victim was later found a few metres away with gunshot wounds. He was confirmed dead at the scene,” Jimoh stated.

He disclosed that the Divisional Police Officer, alongside tactical teams, immediately mobilised officers and local security groups, including Amotekun Corps, hunters, and Atuluse vigilantes, to comb nearby bushes in search of the attackers.

According to him, surveillance has been intensified across the area while efforts continue to track and apprehend the suspects.

“The Command assures residents that no stone will be left unturned in bringing those responsible to justice,” he added.

Meanwhile, elders and traditional chiefs in Agamo have condemned the killing, describing the late monarch as a peace-loving leader who played a major role in resolving disputes and promoting development in the community.

A community leader, who asked not to be named, said the attack has created fear and a leadership vacuum.

“This is a painful loss to us. Kabiyesi was very close to the people. We appeal to government and security agencies to act fast and ensure those behind this are arrested,” he said.

The incident adds to growing security concerns in the state, where kidnappings, attacks on farmers, and assaults on rural communities have increased in recent months.

Continue Reading

Trending