Nigerians blast Tinubu as Atiku berates president over fluctuation of Naira, poverty - Newstrends
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Nigerians blast Tinubu as Atiku berates president over fluctuation of Naira, poverty

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Asiwaju Bola Ahmed Tinubu and Alhaji Atiku Abubakar

Nigerians blast Tinubu as Atiku berates president over fluctuation of Naira, poverty

Alhaji Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, PDP, in the recently held general election, has berated President Bola Tinubu over the “currency fluctuation and poverty” facing the country.

Atiku, in a statement posted on his X page on Sunday, berated Tinubu for “cluelessness” in solving the “foreign exchange crisis and the problem of economic downturn, among others,”  stating that the president has failed to “showcase any concrete policy steps that his administration is taking to contain the crises.”

Atiku further stated that “the wrong policies of the Tinubu administration continue to cause untold pain and distress to the economy.”

His statement reads, “At a meeting called at his instance on Thursday to address the foreign exchange crisis and the problem of economic downturn, among others, Bola Tinubu failed, yet again, to showcase any concrete policy steps that his administration is taking to contain the crises of currency fluctuation and poverty that face the country.

“Rather, he told the country and experts who have been offering ideas on how to resolve the crisis that he and his team should not be distracted and allowed time to continue cooking their cocktail that has brought untold hardship to the people of Nigeria.

“I don’t agree with that. The wrong policies of the Tinubu administration continue to cause untold pain and distress to the economy, and the rest of us cannot keep quiet when the government has demonstrated sufficient poverty of ideas to redeem the situation.

“If the government will not hold on to their usual hubris, there are ways that the country can walk out of the current crisis.

“After a careful assessment of the state of our economy during the twilights of the last administration, I knew full well that the economy of the country was heading for the ditch and came up with several policy prescriptions that would rescue the country from getting into the mess that we are currently in.

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“Those ideas, encapsulated in my policy document titled My Covenant with Nigerians, made the following prescriptions:

“I had signed on to a commitment to reform the operation of the foreign exchange market. Specifically, there was a commitment to eliminate multiple exchange rate windows. The system only served to enrich opportunists, rent-seekers, middlemen, arbitrageurs, and fraudsters.

“A fixed exchange rate system would be out of the question. First, it would not be in line with our philosophy of running an open, private sector-friendly economy.

“Secondly, operating a successful fixed-exchange rate system would require sufficient FX reserves to defend the domestic currency at all times. But as is well known, Nigeria’s major challenge is the persistent FX illiquidity occasioned by limited foreign exchange inflows to the country.

“Without sufficient FX reserves, confidence in the Nigerian economy will remain low, and the naira will remain under pressure.

“The economy will have no firepower to support its currency. Besides, a fixed exchange rate system is akin to running a subsidy regime!

“On the other hand, given Nigeria’s underlying economic conditions, adopting a floating exchange rate system would be an overkill.

“We would have encouraged the Central Bank of Nigeria to adopt a gradualist approach to FX management.

“A managed floating system would have been a preferred option. In simple terms, in such a system, the naira may fluctuate daily, but the CBN will step in to control and stabilize its value.

“Such control will be exercised judiciously and responsibly, especially to curtail speculative activities.”

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Atiku, who gave reasons for the control, noted that “Nigeria has insufficient, unstable, and precarious foreign reserves to support a free-floating rate regime. Nigeria’s reserves did not have enough foreign exchange that could be sold freely at fair market prices during crises.

“Nigeria is not earning enough US dollars from its sales of crude oil because its production of oil has been declining. And,

“Nigeria is not attracting foreign investment in appreciable quantities.

“These are enough reasons for Nigeria to seek to have greater control of the market, at least in the short to medium term when convergence is expected to be achieved.”

Furthermore, he slammed the president’s FX policy, noting that the policy was hurriedly put together without proper plans and consultations with stakeholders. The government failed to anticipate or downplay the potential and real negative consequences of its actions.”

Reacting to Atiku’s statement, Nwafresh on X noted that Tinubu was ill-prepared to become Nigeria’s president.

He noted that “everybody knows that Tinubu just wants to answer the title President of the Federal Republic of Nigeria’ and that’s all.

“He came with little to nothing in terms of policies or plans. He’ll end up as the worst president in the history of Nigeria.”

For Queen Bee, she stated that “Tinubu is a punishment upon Nigeria.

“The name Tinubu should be the newest addition to the English Lexicon, meaning agony, pain, and suffering.

“It should also mean corruption, crimes, and criminalities.”

Gathy argued that “Tinubu is just there because of entitlement and personal aggrandizement. He has no plans. I hope you (Atiku) and Peter Obi can come together to alleviate our suffering.”

Calling Tinubu’s FX policy “a recipe for disaster,”  Shafii Hamidu noted that the Nigerian leader is “cooking up cocktails of hardship and poverty while telling us to trust the process.”

While Sheikh Abdullah opined that “Tinubu has nothing to offer; his administration is a total failure,” Ukula Titus argued that “Tinubu’s regime will not do anything positive that will favor Nigerians, believe me.

“His 4 years are already a waste. For instance, what was his manifesto? Nothing.

“He said it’s his turn. He wasn’t coming to fix any problems but to add more problems to Nigerians.”

Nigerians blast Tinubu as Atiku berates president over fluctuation of Naira, poverty

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INEC Warns ADC Against Holding Convention Without Supervision

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Chairman of the Independent National Electoral Commission (INEC), Joash Amupitan
Chairman of the Independent National Electoral Commission (INEC), Joash Amupitan

INEC Warns ADC Against Holding Convention Without Supervision

The Independent National Electoral Commission (INEC) has cautioned the African Democratic Congress (ADC) against proceeding with its planned congresses and national convention without proper supervision and in defiance of an existing court order.

Chairman Joash Amupitan issued the warning during an interview on Arise TV on Friday, after the ADC insisted on going ahead with its convention despite INEC’s derecognition of the leadership faction linked to David Mark and Rauf Aregbesola.

Amupitan stressed that INEC’s actions were guided by legal considerations, particularly a subsisting court order restraining the ADC from taking steps that could undermine ongoing legal proceedings. “Don’t do anything. Don’t take any step that will render any proceeding before the court nugatory,” he said.

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He explained that the ADC’s plan to conduct congresses and a national convention is already part of a pending legal process, with motions related to the activities yet to be determined by the court. Ignoring the court’s directive, he warned, could result in invalidated elections or nullified internal party decisions, citing precedents in Zamfara and Plateau states where failure to comply with court orders affected electoral outcomes.

Amupitan highlighted the risks of repeating past mistakes, stressing that while the ADC is free to act as it chooses, INEC would not risk supervising illegal or unauthorized party activities. He reinforced the importance of adhering to the Electoral Act and judicial directives to ensure that party events are legally recognised and free from future challenges.

The INEC Chairman’s warning comes amid heightened tension within the ADC, with the faction led by David Mark facing derecognition and ongoing litigation over the party’s legitimate leadership. Analysts note that the statement underscores INEC’s commitment to rule of law, legal compliance, and internal party democracy, especially as Nigeria approaches the 2027 general elections.

INEC Warns ADC Against Holding Convention Without Supervision

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Presidency Clarifies Why Tinubu Met Plateau Victims Only at Airport

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President Bola Ahmed Tinubu with victims of palm Sunday Attack in Plateau State
President Bola Ahmed Tinubu with victims of palm Sunday Attack in Plateau State

Presidency Clarifies Why Tinubu Met Plateau Victims Only at Airport

The Presidency has clarified why President Bola Tinubu did not leave the airport during his recent visit to Jos, amid public criticism. Officials said the decision was driven by tight scheduling, logistical constraints, and aviation safety concerns.

President Tinubu visited Jos North Local Government Area, where he met with families of victims killed in the Angwan Rukuba attack. Speaking to the bereaved, he said, “You have no light at the airport, and I have to fly back within the next 10 minutes. To the victims, there’s nothing I can give you, whether it’s money in millions, but console you and promise you that this experience will not repeat itself.”

The visit was attended by political supporters, traditional rulers, security operatives, and other stakeholders. However, Tinubu’s airport-only engagement drew criticism, with some accusing him of insensitivity toward grieving families.

In response, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, explained that Tinubu’s schedule on Thursday included receiving Chadian President Mahamat Idriss Déby Itno at the Presidential Villa before traveling to Iperu in Ogun State. Following a security briefing by Plateau Governor Caleb Mutfwang, the Ogun trip was canceled, and an emergency visit to Jos was arranged overnight.

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Officials said logistical challenges made a town visit impractical. The airport runway does not support night flights, and the road distance from the airport to Jos township is about 40 minutes. These factors made it unfeasible for the President to visit the conflict site, meet victims in town, and return to the airport safely before dusk.

To ensure engagement, representatives of affected communities were brought to a hall adjoining the airport, allowing Tinubu to meet directly with victims, local leaders, and security officials. Among attendees were the Minister of Defence, the Chief of Army Staff, and the Inspector General of Police, who had visited Rukuba to assess security operations.

During the meeting, the President consoled victims, listened to their concerns, and assured justice would be delivered. He also promised the deployment of 5,000 AI-enabled surveillance cameras to monitor the city and enhance the identification and arrest of troublemakers. Furthermore, he invited community leaders to Abuja for additional talks on long-term solutions to recurring violence in Plateau State.

The Presidency described the visit as a strategic, high-level engagement aimed at addressing the root causes of conflict, rather than a symbolic gesture. Officials emphasized that Tinubu’s approach prioritized safety, efficiency, and direct interaction with key stakeholders while adhering to flight and logistical constraints.

Despite the criticisms, the televised meeting was seen as reassuring by residents, signaling the President’s commitment to peace, security, and community-driven solutions in Plateau State.

Presidency Clarifies Why Tinubu Met Plateau Victims Only at Airport

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Heavy Security Deployed at INEC Headquarters Abuja Amid Planned ADC Protest

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Heavy Security Deployed at INEC Headquarters Abuja

Heavy Security Deployed at INEC Headquarters Abuja Amid Planned ADC Protest

Armed security forces on Thursday surrounded the Independent National Electoral Commission (INEC) headquarters in Abuja as tensions escalated over a planned protest by supporters of the African Democratic Congress (ADC). The move comes amid a deepening leadership crisis within the party, which has split into rival factions, prompting agitation and nationwide attention.

Eyewitnesses reported a strong presence of Nigeria Army personnel, with armoured vehicles stationed at strategic points around the INEC complex in the Maitama district. The Nigeria Police Force, Department of State Services (DSS), and Nigeria Security and Civil Defence Corps (NSCDC) also reinforced security, restricting movement and monitoring activities closely to prevent potential clashes.

The heightened security follows INEC’s decision to remove the names of Senator David Mark and former Osun State Governor Rauf Aregbesola as National Chairman and National Secretary of the ADC from its official portal. The commission said this action complied with preservatory orders issued by the Court of Appeal, directing all parties to maintain the status quo until the Federal High Court delivers a final judgment.

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The ADC dispute has created two competing camps: one backing David Mark and the other supporting Nafiu Bala Gombe as acting chairman. Both sides have sent conflicting communications to INEC, further complicating the situation and sparking the threat of protests at the commission’s headquarters.

“The names of the current National Working Committee members led by Senator David Mark… would be removed from the INEC portal pursuant to the order of the Court of Appeal to maintain the status quo ante bellum,” INEC stated, clarifying that it would suspend recognition of any faction until judicial resolution.

Supporters of the ADC have accused INEC of bias and interference in the party’s internal affairs. Civil society groups and political commentators have urged restraint and neutrality from the electoral commission to prevent further escalation of tensions.

Security operatives set up checkpoints and roadblocks around INEC headquarters, with armed personnel maintaining a visible presence. The deployment is viewed as a preventive measure to avert potential clashes or breakdown of law and order while the legal dispute unfolds.

Political observers note that the heavy security presence at INEC highlights the growing intersection of party politics and public order in Nigeria, as the ADC leadership tussle remains unresolved and could influence upcoming electoral processes.

Heavy Security Deployed at INEC Headquarters Abuja Amid Planned ADC Protest

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