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 uncovers plan to disrupt Edo elections using ESSN operatives

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INEC Chairman, Prof. Mahmood Yakubu

INEC uncovers plan to disrupt Edo elections using ESSN operatives

Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has revealed plans to use members of the Edo State Security Network (ESSN) to disrupt the September 21 governorship elections.

He stated this on Thursday during his appearance before the National Assembly’s Joint Committee on Electoral Matters.

Prof. Yakubu also expressed worries about the security of lives and property during the upcoming off-cycle elections in Edo and Ondo states.

He noted not only the strain on state resources but also the issue of incumbency being exploited by governors to the disadvantage of opposition parties and their candidates.

Speaking specifically on Edo elections Prof. Yakubu said despite the challenge of flooding, there is also the issue of security.

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He alleged that there was available information on the alleged deployment of operatives of the Edo State Security Network ESSN to curse commotion during the September 21 polls.

While outlining the activities for the two elections, the INEC boss said submission of all polling agents will be done 30 days before the respective elections.

He also said 17 candidates would be contesting the governorship position in both states with Edo fielding the only female candidate in the entire polls.

INEC uncovers plan to disrupt Edo elections using ESSN operatives

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Again, Tinubu says govt won’t tolerate destructive protests

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President Bola Ahmed Tinubu

Again, Tinubu says govt won’t tolerate destructive protests

President Bola Tinubu emphasized the importance of balancing democratic freedoms with public safety on Thursday.

While acknowledging the right to peaceful protest, he made it clear that his administration will not permit demonstrations that escalate into violence, destruction, or harm to individuals or property.

This statement was made during a ceremony at the Presidential Villa in Abuja, where he received credentials from the newly appointed US Ambassador, Richard Mills Jr.

The President’s media adviser, Ajuri Ngelale, shared this exchange in a statement that underscored Tinubu’s commitment to preserving democratic norms and institutions.

Tinubu said this on the backdrop of growing calls for nationwide protests against economic hardship, scheduled for August 1, 2024.

The President said, “During the military era, we made our voices heard against dictatorship, and I was part of the group that engaged in peaceful protests without resorting to the destruction of property.

“We have worked hard to ensure 25 years of unbroken democracy and I will continue to maintain this democracy.”

He also described Nigeria-US relations as “rich,” committing to uphold democracy.

“Our relationship with America is rich. We believe in democracy and freedom. Some of your predecessors worked hard during our transition to democracy, and we remember the likes of Ambassador Howard Jeter.

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“We look forward to Nigeria and the United States continuously working to expand cooperation on shared goals and democratic values,” he said.

Tinubu welcomed the U.S. State Department’s acknowledgement of Nigeria’s strategic role on the continent as Africa’s largest democracy, calling on the U.S. government to pay more attention to Africa.

He said, “Nigeria is ready to play its role as the largest democracy in Africa that is worthy of emulation to other African countries, but we need more U.S. partnership on the continent that is beneficial to both sides.

“We believe in freedom, and we are providing the leadership to make Nigeria’s economy grow.”

On his part, Mills affirmed the U.S. support for Nigeria’s democracy and pledged support for bigger roles for Nigeria in the international arena.

“Nigeria is crucial to the United States because we share democratic values, and we are ready to give you all the support.

“I am here to make sure that the relationship blossoms both on democracy and the economic side,” Mills said.

The Ambassador also expressed the United States’ commitment to expanding cooperation with Nigeria on cybercrimes, announcing the establishment of a special office at the Embassy to work closely with the Economic and Financial Crimes Commission.

Earlier, President Tinubu also received Letters of Credence from the High Commissioner of Malaysia to Nigeria, Aiyub Bin Omar, and the High Commissioner of Botswana, Ms. Phild Nani Kereng.

He told the High Commissioner of Malaysia that Nigeria would work towards improving the balance of trade between the two countries.

“Diversification of the economy is uppermost on my Renewed Hope Agenda for Nigeria.

“We must look at how we can improve the balance of trade with Malaysia,” the President said.

Tinubu also acknowledged that many Nigerian students find studying in Malaysia attractive, adding that Nigeria looks forward to their contributions to the development of critical sectors of the economy, such as agriculture and ICT.

The Malaysian High Commissioner said that ahead of the 50th anniversary of the establishment of bilateral relations in 2025, Malaysia is looking forward to strengthening relations with Nigeria.

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“We are pleased with our cooperation in the areas of education. We are also keen on working with Nigerian partners in the financial services sector,” the High Commissioner said.

In his audience with the Botswana High Commissioner, the President expressed Nigeria’s readiness to develop robust cultural and economic cooperation with the Southern African country.

Acknowledging Botswana’s progress on livestock development, the President said he had received a briefing from a committee established to create a ministry of livestock development in Nigeria.

“The committee is at work, and their report will be ready in the next two weeks. Africa’s solution is in our hands. Nobody will help us if we do not help ourselves,” Tinubu said.

He described President Mokgweetsi Masisi of Botswana as a good friend and extended his appreciation to the Botswana President for attending his inauguration.

Kereng said Botswana is committed to being a leader in the production of livestock vaccines and is prepared to partner with Nigeria in this area.

She expressed admiration for Nigerian arts, entertainment, and culture, adding that young people from Botswana had a lot to learn from Nigeria’s youth-driven creative economy.

“My coming to Nigeria fulfils my President’s vision of improved relations with Nigeria, and I will work very hard to achieve these objectives,” said Kereng.

The protests, organised under the hashtag ‘#EndBadGovernancein Nigeria,’ have gained significant traction on social media, with no group officially claiming responsibility.

Again, Tinubu says govt won’t tolerate destructive protests

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MURIC demands ban on movie portraying women in Niqab as criminals

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MURIC’s Executive Director, Professor Ishaq Akintola

MURIC demands ban on movie portraying women in Niqab as criminals

The Muslim Rights Concern (MURIC) has condemned an upcoming movie featuring Nancy Isime and other actresses wearing purdah (Niqab) and brandishing weapons, describing it as “satanic” and “Islamophobic.”

The group claims the film portrays Muslim women as criminals and incites the public against them.

The statement read: “An extremely anti-Muslim film has been released into the Nigerian movie industry. The upcoming film, which was recently unveiled by Nancy Isime, shows women in purdah brandishing dangerous weapons and robbing banks. It is Islamophobia taken to the highest level. This film is satanic, repugnant, and provocative.

“It is aimed at portraying Muslim women as criminals with a violent proclivity. The film is capable of inciting the public against Muslim women. It may also expose Muslims in general to public ridicule and opprobrium.

“We believe that the film is the handiwork of Muslim-haters and part of the plot to stop Muslim women from wearing hijab and niqab. The plot was hatched a long time ago, and its execution began in the schools. This plot was boldly and diligently confronted in Nigerian courts by Muslims until the highest court in the land made a pronouncement on it. This Satanic film is the latest effort in the war against hijab”.

MURIC’s Executive Director, Professor Ishaq Akintola, called for the National Film and Video Censors Board to investigate and ban the movie, warning that it could spark violence and ridicule against Muslims.

“To Nigerian Muslims who have inundated our communication channels with video clips, voice notes, and other types of messages, we have this to say: please remain calm and peaceful. You have spoken loud and clear.

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“We have received your messages and action is being taken right now. Our religion brought a message of hope and peace to the world. We will not allow anyone to paint our women, our mothers, our wives, our daughters and sisters in the colours of Shaytan. Be good ambassadors of Islam. Don’t take the law into your hands. Allow the authorities to take necessary action,” he added.

The movie poster sparked outrage among the Muslim community, with many expressing offense at the depiction of women wearing hijab and face veils in a bank robbery scene.

Some have threatened to file a complaint with Meta, seeking action against the account responsible for sharing the “Islamophobic content.”

Reacting, one Latifat Adewunmi Jumah, with a Facebook handle, Laj Fingers, expressed her dissatisfaction over the offensive posts, saying, “The niqab/hijab is not an armed robbery attire! The niqab/hijab is not an attire for concealing identity. If you needed to conceal your identity for a perfect robbery role, you could have used a nose mask or wear a mask. Why wear Islamic attire? I find this offensive. Something needs to be done to stop these people. Niqab/Hijab is not a costume, neither is it a joke”.

Another Facebook user, who identified as Alfa Shehu, commented, “And one of our brothers from Ilorin is kuku in the movie with them. Hypocrites! It is these same people who will turn around tomorrow and say women in Niqab are doing this and doing that. Awon alarun opolo gbogbo. Anything for clouts and monetisation.”

MURIC demands ban on movie portraying women in Niqab as criminals

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