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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Nigeria records another nationwide blackout as grid collapses

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Nigeria records another nationwide blackout as grid collapses

Nigeria was again plunged into total darkness for hours on Sunday after national grid collapsed for the second time in less than one month.

Many homes and businesses were left without power supply, extending to Monday morning.
This came about a week after the controversial review of Band A power consumers increasing electricity tariff from N68 to N225/kw.
Data supplied by the National System Operator, a semi-autonomous unit in the Transmission Company of Nigeria showed that the grid collapsed around 3am.
The Transmission Company of Nigeria battled to restore the grid as supply later rose to 250MW, with Abuja and Lagos Disco having the highest load of 80MW, Ibadan Disco with 50MW, and Benin Disco with 40MW.

Nigeria generates an average of 4,000MW of electricity for estimated 200 million citizens across the country.

The grid continues to record incessant collapses due to gas supply constraints, transmission infrastructure vandalism, and liquidity crises, among others.

Latest data from the Independent System Operator, an arm of the TCN, showed that only one electricity generation company, Ibom Power, was active as of Monday morning.

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The national grid collapse was confirmed by the Jos Electricity Distribution Company.

The Head, Corporate Affairs, JEDC, Dr Friday Elijah, said in a notice to customers, “The current outage being experienced within our franchise states is a result of a loss of power supply from the national grid.

“The loss of power supply from the national grid occurred in the early hours at about 0242hours of today, Monday, April 15, 2024, hence the loss of power supply on all our feeders.”

Elijah, however, expressed hope that the grid would be restored for normal power supply to electricity consumers.

On February 5, 2024, power generation on the national grid crashed to 59.9 MW around 12 p.m. on February 4, 2024, as the country’s grid witnessed a nationwide collapse.

The report stated that data obtained from the Federal Ministry of Power showed that electricity generation on the grid plunged from 2,658.75 MW at 11 a.m. to 59.9 MW by noon on February 4, 2024, as power distributors lost supply from the grid.

This led to widespread blackouts across the country, as power distribution companies blamed it on the collapse of the grid managed by the Transmission Company of Nigeria, an agency of the Federal Government.

National grid collapses again as Nigerians suffer blackout

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Bobrisky’s male organ intact, says NCoS official

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Bobrisky

Bobrisky’s male organ intact, says NCoS official

Controversial crossdresser, Idris Okuneye, aka Bobrisky, who was handed a six-month prison sentence over naira abuse, currently shares the same cell with male inmates at the Ikoyi Custodial Centre.

A top official in the facility who spoke to our correspondent on the condition of anonymity, as he was not authorised to speak on the matter, said the crossdresser was examined at the point of admission.

According to the official, the outcome of the examination revealed that the convict had no realignment of gender or genital organs.

“Bobrisky was perceived as an ordinary detainee and underwent a thorough examination, which revealed no evidence of gender or genital organ realignment. His male biological characteristics remained unchanged.

The source said that, “Bobrisky made a public declaration that he was a male and court proceedings are public records. Every inmate brought into a facility during admission is examined.  He was equally examined and no realignment of gender or genital organ was discovered. The male biological features were the same.

“After that, a cell was allocated to him, and he had a certain number of inmates with him. A bed space was also allotted to him. It is just like a boarding house where your housemaster will issue you your personal belongings.”

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The source added that the convicted crossdresser had been observing the rules and procedures obtained in the facility.

“When it is time for class, he attends. When it is time for food, he will go and get his portion. The same goes with prep and light out. He observes all these without preference. He has been going about his business just like other inmates since he was brought in here.”

While making a clarification on the claims that Bobrisky was being protected against abuse, the official noted that the facility frowned against any form of abuse by a fellow inmate.

“He is not getting any five-star treatment and is not being protected from anybody. He follows the same rules and regulations just like every other inmate. Single cells of isolation cells are to prevent outbreaks of communicable diseases. In a male prison, homosexuality is outlawed and it is a grievous offence. Sodomy or homosexuality, is frowned upon here in the custodial centre. So any inmate that tries to violate him will face the law.”

When contacted, the spokesperson for the Lagos State Command of the NCS, Rotimi Oladokun, declined to speak on the matter.

“I have no comment,” he said.

Recall, Justice Abimbola Awogboro of the Federal High Court in Lagos, while sentencing the convict, on Friday, April 12, 2024, said the judgment would be a deterrent to others who are found abusing and mutilating the naira.

Bobrisky who was taken into the Custodial Centre after the judgement was said to have been treated equally like other inmates.

Bobrisky’s male organ intact, says NCoS official

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El-Rufai’s ally, Aisha, arrested over Facebook post

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El-Rufai’s ally, Aisha, arrested over Facebook post

Aisha Galadima, a female politician and member of the All Progressives Congress (APC) in Kaduna State, was reportedly arrested on Sunday by security agents believed to be operatives of the Department of State Services (DSS).

The arrest was said to be related to a negative social media post about the state governor, Uba Sani.

According to sources, Galadima criticised Sani’s last comment against the former governor of the state, Nasir El-Rufai in a post on her Facebook page.

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A neighbour said she was arrested in her community in the Tudun Wada area of Kaduna on Sunday afternoon, and another friend stated that Galadima’s phone was switched off after the arrest.

However, the Chief Press Secretary to the governor, Muhammad Lawal Shehu, said he was not aware of the arrest and directed inquiries about the matter to the DSS for further clarification.

“I’m not aware that a woman was arrested for posting a negative comment against His Excellency. In any case, you should direct your enquiries to the DSS, not the Kaduna State Government,” he said.

El-Rufai’s ally, Aisha, arrested over Facebook post

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