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THEPLEDGE BIG STORY: Will Tinubu’s Outburst Against Buhari’s Govt Jeopardise His Ambition?

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By Augustine Akhilomen

 

With few days to the Presidential election, there appears to be fracas within the ruling All Progressives Congress (APC) camp, after the party’s Presidential candidate, Asiwaju Bola Tinubu, went on a second tirade at the Moshood Kashimawo Abiola stadium in Abeokuta, Ogun state capital last Wednesday.

This time around, Tinubu hinted that the hardships occasioned by fuel scarcity, the naira redesign policy and the debts incurred by the government are meant to dim his chances in the 2023 election.

Recall that Nigerians are grappling with months-long fuel scarcity that has impacted life and businesses, compounding the already bad state of livelihood in the country.

Besides that, the CBN announced the redesign of naira notes and new cashless policy late last year, a set of monetary policies that has pitted the apex bank governor against politicians. The central bank gave a January 31 deadline to phase out the old naira notes, a decision which has been extended to February 10.

The stage and location of Tinubu’s outburst are symbolic as it brings back the memory of MKO Abiola who was denied the apex political seat in Nigeria. Like Abiola, Tinubu is running a same-faith ticket with the running mate being a person from the northeastern extraction.

Tinubu made the damning allegations at a stadium named after MKO Abiola and like the Epetedo declaration, Tinubu’s tirade was meant to unsettle the holders of power. At the Abeokuta rally, Asiwaju Bola Ahmed Tinubu chastised major players in the Buhari administration, while charging at the same time, the voters to support him en masse during the polls.

Tinubu said the developments are deliberate attempts by mischief makers to cause disaffection among the citizenry towards the APC. He said the naira redesign is part of the conspiracies and mischief from certain elements within the corridors of power, who want to frustrate the citizenry.

“They don’t want this election to be held. They want to sabotage it (elections). Will you allow them?” Tinubu asked the teeming supporters at the rally, to which they responded “No.”

“Even if they said there is no fuel, we will trek to vote. They have a lot of mischiefs; they could say there is no fuel. They have been scheming to create a fuel crisis, but forget about it.

“Relax, I, Asiwaju, have told you that the issue of fuel supply will be permanently addressed. Whoever wants to eat the honey embedded in a mountain won’t worry about the axe. Is that not so? And if you want to eat palm kernel, you would bring stone and use it to break it, then the kernel will come out. It’s not easy to…

“Let them increase the price of fuel, only they know where they have hoarded fuel, they hoarded money, they hoarded naira; we will go and vote and we will win. Even if they changed the ink on Naira notes. Whatever their plans, they will come to nought. We are going to win. Those in the PDP will lose (won ma lule).

“I am homeboy, I have come here, you will not be put to shame, we will take over the government from them, the traitors who wanted to contest with us. They had no experience.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax. They don’t want this election to be held, they want to scuttle it. Will you allow them?”

However, Tinubu’s outburst has been described as an attack on President Muhammadu Buhari, who doubles as the petroleum minister. Buhari, who has failed to solve the lingering fuel scarcity challenge, has repeatedly said that the CBN governor Godwin Emefiele, has his backing in his policies.

Responding to Tinubu’s allegations, the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, said the APC candidate is frustrated that he would not be able to induce voters with money due to the CBN’s policy.

In a statement by his Special Assistant, Public Communication Phrank Shaibu, Atiku said Tinubu is pained that the CBN’s cashless policy and currency redesign would curb vote buying and enhance the credibility of next month’s election.

“Even though the CBN policy affects all 18 political parties, Tinubu is the only one frustrated because his plan to deploy bullion vans and bribe poor voters and security agents on the day of election has failed woefully.

“Also frustrated by President Muhammadu Buhari’s unwillingness to attend some of his insipid rallies, Tinubu launched an attack against the President who doubles as the Minister of Petroleum.

“It is funny that Tinubu is just commenting over the fuel scarcity which started in different parts of the country as far back as February 2022. In Lagos, where Tinubu claims to be the landlord, the state has been witnessing fuel queues since last November. It is therefore dubious of Tinubu to try to extricate himself from the failures of his party because elections are 30 days away,” Shaibu said.


He added that Tinubu is making spurious statements because he knows he wouldn’t win, which makes him paranoid.



“Tinubu’s paranoia is clearly getting the best of him. He has gone from attacking the leader of his own party to Igbos and northerners all because he believes they are not supporting his failed Presidential ambition.

“For a man who claimed to have single handedly made Buhari President, it is funny that he is now running from pillar to post all in a bid to save what is left of his failed campaign”.


In the same vein, one of the spokespersons of the Atiku/Okowa Campaign Organisation, Kola Ologbondiyan, in a statement, said it was strange that Tinubu wanted the world to believe that his caustic remarks against Buhari were intended for Atiku and the PDP, when neither Atiku nor PDP was involved in the monetary policies or the failure to arrest the horrifically unending fuel crisis.

He noted that Tinubu also knew that Buhari approved the redesigning of the naira and that issues of distribution of the naira notes were vested in the APC-controlled federal government and not the PDP, even as he pointed out that it was clear that Tinubu’s verbal assaults against Buhari was the “official position of his confused, disoriented and disorganised campaign organisation.”

Continuing, he said, “The Campaign says it is indeed pathetic that in less than 24 hours after Tinubu stood on the public stage at his Presidential Rally in Abeokuta, Ogun State, to accuse the Buhari administration of creating fuel scarcity and redesigning the naira to scuttle the 2023 election, he is turning around to blame the Peoples Democratic Party (PDP) for his woes.

“It is important to remind Asiwaju Tinubu that in accusing the ‘powers that be’ of creating fuel scarcity and hoarding the naira to truncate the election, he knew that President Buhari is the Minister of Petroleum Resources and that all agencies of government in charge of prospecting and distribution of petroleum resources are under his (Buhari) office.

Meanwhile, the Presidential Campaign Council (PCC) of the All Progressives Congress (APC),yesterday, said its candidate, Bola Tinubu, did not mention, blame or accuse President Muhammadu Buhari of being responsible for the current challenges in the country

Director, Media and Publicity, APC PCC, Bayo Onanuga, in a statement, said Nigerians should no longer be in doubt about those working in cahoots with fifth columnists in the system to inflict avoidable pains on the hapless people for political end.

“For the record, Asiwaju Tinubu during the APC campaign rally at Abeokuta on Wednesday, in his statement, did not mention, blame or accuse President Muhammadu Buhari for the current challenges in the country.

“The CBN officials, including Governor Godwin Emefiele have said many times that enough new Naira notes have been supplied to the banks, yet, our people complain that they have not been able to get the new notes. In recent days, many ATMs are either not working or when working they are dispensing the old notes, just a few days to the January 31 deadline.”

“Our presidential candidate only re-echoed what is well-known and acknowledged, even by President Buhari himself at different fora. That there are fifth columnists in and outside of government, who often throw spanners in the works against good intentions and programmes of the government.”

Many observers believed that the latest outburst made by the former Lagos governor may have a direct impact in terms of the support he was supposed to get from President Muhammadu Buhari. Some are indeed of the opinion that it would surely work against him at the polls.

Even so, Kaduna State governor, Nasir El Rufai’s on Wednesday’s Channel TV’s Sunrise Programme, re-echoed what Tinubu said, that some elements in Nigeria’s Presidential Villa are working against Bola Tinubu. The governor said those individual elements are hiding behind President Muhammadu Buhari’s desire to do what he thinks is right.


His words: “I believe there are elements in the Villa that want us to lose the election because they didn’t get their way; they had their candidate. Their candidate did not win the primaries. They are trying to get us to lose the election, and they are hiding behind the president’s desire to do what he thinks is right. I will give two examples: this petroleum subsidy, which is costing the country trillions of Naira, was something that we all agreed would be removed. In fact, I had a discussion with the president and showed him why it had to go. Because how can you have a capital budget of N200b for federal roads and then spend N2 Trillion on petroleum subsidy? This was a conversation I had with the president in 2021 when the subsidy thing started rising. He was convinced. We left. It changed. Everyone in the government agreed, and it changed.

“The second example I will give is this currency redesign. You have to understand the president. People are blaming the Governor of the Central Bank for the currency redesign, but No. You have to go back and look at the first outing of Buhari as president. He did this; the Buhari, Idiagbon regime changed our currency and did it in secrecy with a view to catching those that are stashing away illicit funds. It is a very good intention. The president has his right. But doing it at this time within the allotted time does not make any political or economic sense.”

Observers are however of the view that even though there are people within the APC working against the ambition of the presidential candidate, Tinubu should have handled it maturely so as not to fall into their trap. Not a few people were of the opinion that it was a wrong move for Tinubu to be openly accusing his own party for sabotaging him. “He should have been more circumspect and pragmatic in handling it”, says Tunde Ajayi, a lawyer.

Ajayi said knowing full well the influence of an incumbent president, there should have been a better way of letting the party leaders know that his campaign is being sabotaged. “The APC candidate is now in a dicey situation. He has to use all his political skills to navigate through this difficult time and remaining days of the campaign”, Ajayi said.

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Economic Reforms: The Worse Is Behind Us, Says Oyodele

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The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has assured Nigerians that the ongoing economic reforms by the Bola Ahmed administration are beginning to yield good results.

Oyedele gave the assurance in his speech while enlightening the audience on the benefits of the ongoing reforms on The Platform organised by the Covenant Nation on Saturday.

He emphasised that removing petrol subsidies is the best decision Nigeria could ever make.

“Removing subsidies is the best decision we made as a country. And we can now say that for once, subsidy is gone.

“We were living on window-dressed realities. If you look back to about two years ago, naira exchange rate was N450 depending on who you asked. But was our exchange rate really N450? If you wanted to buy petrol, it was under N200 per litre, but was it really under N200 per litre? “There wasnt band A at the time. Electricity was what time at the time, but was that really the price? A country can afford to sell petrol at N200 per litre if you can afford it. But there is everything wrong if you can not afford it.

“I am a parent and will like to send my kids to school. If I can afford a school of N200 million her term, no problem. But if I cannot, they will do just first term and wont be able to continue their education. Maybe they should go to a school of N200, 000 per term.

“So, Nigeria was doing worse than it ought to, and then we had this sense of “our economy was not doing great”. We thought thsat our economy is the largest in Africa.

“Our GDP was around N450 million dollars. We thought our per capita income is about $2, 000 per person but it was not up to that.

“Nigeria used all its revenue to service debts. We were not paying debts back o. we were just servicing it. In order what, everything other thing we did, from paying salaries to fighting Boko Haram, we were just borrowing.

“When Nigeria borrowed, we borrowed high digits and those were the funds we were using to run the economy and service debts.

“If anybody was not losing his sleep with just that alone, then, he must be from another planet. The outcome of what was happening was predictable. It was a Sri Lanka happening to us. It was a Venezuela.

“Their countries were that- you would hold money and you wouldn’t be able to get fuel to buy. There was a tile in Sri Lanka that you couldn’t drive your car everyday of the week because there was no fuel.

“Our GDP growth rate was very low. Over the past ten years less than 10 per cent. If you do it in real time, it was negative.

He explained that the Nigerian government had resorted to printing of money to spend, which according to him was the worst any country could ever do.

“Ways and Means was high. We were printing money to spend. We couldn’t borrow abroad because they said lending us was risky. We didn’t have cash flow. And the capacity to borrow locally was low. So we were printing money to spend, and that is even dangerous.

“We printed close to N40 trillion naira plus interest. And we were surprised there was inflation. Nigerians don’t realise that the invisible controls the visible. And that is because the removal of subsidies is not seen physically. It is not something you can touch.

“Even some airlines stopped flying to Nigeria because of the backlog of FX debt to foreign airlines.

He advised Nigerians to have a positive outlook on the country.

“There is nothing wrong with Nigeria. But maybe there is something wrong with the people ruling Nigeria.

“In America, people get killed every day by gunmen. But have you ever heard Americans say “May America never happen to you?’

Let’s stop saying “May Nigeria never happen to you’. Maybe we can turn it into “May Nigeria work for me”

“Going by available data, I personally believe that the worst is behind us, he said.

Since assuming office in May 2023, President Tinubu has implemented a number of reforms such as the removal of fuel subsidies and introduction of the controversial tax bills.

The removal of fuel subsidies has since spiralled into increase in prices of goods and services.

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Petrol Pump Price Hits ₦1,150 As Dangote Refinery Increases Cost

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The pump prices of Premium Motor Spirit, popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners.

Dealers confirmed that PMS prices would continue to rise since the major component in fuel production, crude oil, has been on the upward swing lately.

The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, earlier alluded to this when he pointed out that petrol prices might soon rise if the cost of crude oil continued to increase.

“The crude price rose to $80 per barrel today (Thursday). Without exchange rate improvements, PMS prices will increase in the coming weeks,” Osifo stated in Lagos.

On Friday, there was an upward adjustment in the price of petrol produced by the Dangote Petrochemical Refinery.

The $20bn plant raised its PMS from N899/litre to N955/litre at its loading gantry.

The refinery, in an email statement sent to its customers and obtained by one of our correspondents, said its refined products would now be priced at the new cost.


It noted that marketers buying between two million and 4.99 million litres would now buy at N955/litre, while five million litres and above would buy at N950/litre.

The amount marks an increase of N55.5 or 6.17 per cent from N899.50/litre announced as a holiday discount for Nigerians last December.

This adjustment applies to all stock balances yet to be lifted by the stated time, while pending stock as of the effective time will also be repriced at the updated rates.

The statement added that the new price regime took effect from 5:30pm on Friday.

The notice, titled, ‘Communication on PMS Price Review’, read, “Dear esteemed customer, Trust this email finds you well.

“Kindly be advised that effective from 5:30 pm today (Friday), an upward adjustment has been implemented on the gantry price of Premium Motor Spirit. Quantity Previous Price (NGN/Litre): 2 million-9.99 million – N899.50; 10 million litres & above – N895.

“Quantity New Price (NGN/ Litre): 2 million – 4.99 million – N955; 5 million litres & above – N950.


“Please note that all stock balances yet to be lifted as of the above-stated time are to be repriced at the new reviewed prices. We shall communicate with customers on their revised volumes based on the reviewed prices, in due course.”

The price increase sparked widespread effects on the downstream petroleum sector, particularly private depots and retail markets.

Findings showed that private depots, despite having old stocks, increased their loading costs to N970 in Lagos and N1,000 in Calabar.

A breakdown analysing petrol price movements at loading depots after the announcement of the new price showed that Sahara depot increased its loading price by N20 to N970/litre from N950/litre on Thursday.

Pinnacle Depot increased its price to N970 from N921, while Wosbab Depot made a similar change to N965 from the N940 it sold a litre of petrol on Thursday.

NIPCO increased its loading costs by N30 to N980 from N950 on Thursday.

Also, a private depot, Rainoil, increased its loading costs to N970 from N950. A private depot, Alkanes, in Calabar, asked retailers to pay N1,000/litre to receive products.


Zone 4 and Mainland depots increased their loading costs to N1,005/litre from N985, which sold products on Thursday.

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Ogun Govt Mulls Signing Death Warrants Of Condemned Criminals

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The Ogun State Government is considering signing the death warrants of condemned criminals sentenced by competent courts to serve as a deterrent to those who may want to commit heinous crimes in the state.

The State Attorney General and Commissioner for Justice, Oluwasina Ogungbade (SAN), disclosed this on Friday after a scheduled visit to inmates and facilities at the Ibara Correctional Centre in the state capital.

Ogungbade, who was conducted around by officers of the Centre, expressed concern over the increase in criminal activities like ritual killings, kidnapping, cultism, and other heinous crimes in recent times in the state.

According to him, the state government is ready to take the bull by the horns by implementing the law through signing the death warrants.

He observed that despite the proactive measures put in place by security agencies in tackling crimes, there appears to be an upsurge, particularly in ritual killings, adding that the government had identified the wrong perception that there would be no repercussions when some of these crimes are committed as the root cause.

“I can tell you that we are looking seriously at a means of sending a message that Ogun State is not a place where you can come and commit such serious crimes and get away with it,” he said.

“The law as of today, for example, states that a murder case attracts the death penalty and some other offences. But if you look at it nationally, for a long time, there has been reluctance on the part of governments across the states, particularly since the advent of democratic rule, to sign death warrants. But I assure you that at this time, we are looking very seriously at following the law to its letter.

“It is part of the duty of the governor to sign death warrants, and I am certain that when he took that oath of office, he took it knowing full well the responsibilities that come with it. He is a governor who upholds the rule of law, so I can assure you that in deserving cases, he will not shy away from that constitutional duty.

“Though I may not give a timeline, I can only say that in deserving cases, which we are looking at, it will happen.”

He said that the government would not be reckless about this, rather it would be highly responsive and responsible.

“If somebody has gone through the process of a fair trial and has made use of all his appeals, we will begin to look seriously at implementing those judgments, hoping that it will serve as a deterrent to those who still intend to carry out such crimes. But in doing so, I can assure you that we will be systematic about it; we will not be reckless about it,” he assured.

He said the present administration has done a lot in terms of granting amnesty to those condemned to death by turning their death sentences into life imprisonment, reducing life imprisonment to a fixed term of imprisonment, as well as allowing punishment to serve as a deterrent.

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