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

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…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.

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70th Birthday: Davido Gifts Timi of Ede Brand New Luxurious GAC Car

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Renowned musician and pop star, David Adeleke, also known as Davido, has presented a brand-new GAC GS8 4WD car to HRM Oba Munirudeen Adesola Lawal, the Timi of Ede, in celebration of his 70th birthday.

The luxurious vehicle was presented at an eleborate ceremony by the Chief of Staff, Alhaji Kazeem Akinleye, on behalf of Davido.

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Meet Nigeria Customs National Public Relations Officer, ACC Abdullahi Maiwada

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They come as ready as they are prepared. They are the efficiency of paramilitary and security endeavours. They secure border integrity. They are the Nigeria Customs Service, and one man is at the forefront of projecting their hard earned glorious image. He is Assistant Comptroller of Police Abdullahi Aliyu Maiwada.

In December 2024, Maiwada, who is the National Spokesman of the Nigeria Customs Service (NCS) was elevated to office Assistant Comptroller of Customs. His promotion was a consequence of efficiency, doggedness, hard work and ability to exhibit all the qualities of one with an eye to details.

Maiwada was among many officers who benefitted from the recent promotion by the Customs board.

His trajectory in the Service and beyond, is captured as follows:

A prolific image manager, AC Maiwada was born on January 12, 1987 in Katsina State.

He attended his primary and secondary school education in Bayero University Kano.

He holds a Bachelor of Science Degree in Education/Geography and a Master’s Degree in Environmental Management from Bayero University Kano.

He also holds a Bachelor’s Degree and Master’s Degree in mass communication from Crescent University Abeokuta. He is currently a Doctorate Researcher specialising in Internal Communication at the University of Abuja.

AC Maiwada was enlisted into the Nigeria Customs Service as Cadet ASC II in 2011. He had a long stint as the Zonal Public Relations Officer Zone ‘B’ Headquarters, Public Relations Officer Ogun Command (now Ogun I & II Area Commands).

AC Maiwada was deployed to Headquarters in 2020 as the pioneer Liaison Officer of Nigeria Customs Broadcasting Network and later deputised the immediate past National Public Relations Officer from January 2022 to February 2023. He was appointed substantive spokesperson of NCS in April 2023, a position he holds to date.

To fully embrace the service of Public Relations and its dynamics, AC Abdullahi Maiwada is a Member of the Nigerian Institute of Public Relations (NIPR) and a member of the African Public Relations Association (APRA).

He also holds full membership with the Association of Communication Scholars and Professionals of Nigeria (ACSPN), the African Council for Communication Education (ACCE), and the Association of Media and Communication Researchers of Nigeria (AMCRON).

He has attended numerous courses relating to Customs Operations, Trade Facilitation, Public Relations, Strategic Communication, and Leadership.

As a consummate and seasoned Officer, he is a recipient of the 2020 World Customs Organisation (WCO) meritorious award. He recently bagged the Best Spokesperson of the Year award organised by Image Merchant Limited.

Under his watch, the Public Relations Unit recently received the WCO Meritorious Award during the 2024 International Customs Day Celebration (ICD). He also received the 2024 Best Spokesperson Award from the Nigerian Institute of Public Relations.

He has several published conceptual and empirical papers relating to Public Relations in Customs and other areas in the field of communication.

He is happily married with three kids.

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Glo Partners Samsung to Offer Customers the Exclusive Galaxy S-25

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Digital solutions company, Globacom, has teamed up with Samsung, world’s leading manufacturer of electronic devices, to bring a new offer to Glo subscribers. This tantalising deal allows Glo customers to pre-order the highly sought-after Samsung Galaxy S-25 smartphone and enjoy unique benefits.

Samsung Electronics unveiled its newest flagship smartphones: the Galaxy S25 series which comes with cutting-edge advancements in artificial intelligence (AI) and was designed to elevate user experience and set new standards in the industry on January 22, 2025.

The pre-ordering exercise kicked off on January 22 and closes on February 18, 2025 at Gloworld shops across the country. It gives customers the opportunity to select from the Galaxy S25 lineup, including the S25 Ultra, the top-tier and most sophisticated model, as well as the S25+ and the standard S25. They, however, come with different processors and storage options.

Customers who pre-order the Galaxy S25 or S25+ will receive complimentary gifts, including a Buds FE, a suit cover, and Samsung Care, while those opting for the Galaxy S25 Ultra, will receive a free Buds 3, a standing grip case, and Samsung Care.

Globacom is also delighting customers who purchase any model from the Galaxy S25 series with 18GB bonus data for 6 months under smartphone festival data plans, while they can also secure their pre-order at any Gloworld shop with an advance payment of ₦500,000. Pre-ordered phones will be delivered to customers from February 19 onwards.

“We are thrilled to bring this offer to our subscribers, who will enjoy unparalleled benefits, including innovative packaging. This partnership with Samsung reinforces our commitment to providing value-added services that cater to the evolving needs of our customers”.

The company advises other phone lovers who are yet to pre-order the new device to visit any Gloworld outlet close to them and join the list of the new owners of the Samsung S-25 phone before the expiry date.

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