Headline
‘Tinubu Obviously Unprepared For Office’, Atiku Slams Presidency
By Augustine Akhilomen
…Says President’s Approach To Governance Is Killing Nigerians
The former presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has insisted that President Bola Tinubu’s abysmal performance in the last 18 months had made it clear to all Nigerians that he came into office unprepared, hence the many policy flip flops that have so far characterized his tenure.
He made this known in a statement issued on Monday by his Special Assistant on Public Communication, Phrank Shaibu, where he faulted the Presidency’s claim on Sunday, that he’s jealous of Tinubu becoming president.
Atiku however, Tinubu to make hay while the sun shines as Nigerians had grown tired of his administration.
He said the President has just barely two years left in office and he should focus on improving the lives of the people
“On July 8, 2024, Tinubu announced that import duty on essential goods like food would be lifted for 150 days. But over 120 days later, the policy is yet to take off, while Nigerians continue to die daily due to increasing costs, including food inflation, which now exceeds 40%, the highest in decades.
“The brazen disobedience to a government policy by Tinubu’s appointees and the failure of the finance ministry to issue a gazette after over four months reflects the fatuousness, inanity and the incompetence that characterizes the Tinubu administration.
“Sadly, rather than focus on governance, they are preoccupied with verbally assaulting their opponents – Atiku Abubakar and Peter Obi – while using compromised courts to foster crisis in the opposition. What a shame!”
“Tinubu was obviously unprepared for office. He acts first and thinks of the consequences afterwards. This was why he announced an abrupt removal of petrol subsidy without any cushions. After seeing the effect, he then hurriedly decided to push a CNG initiative, which even he and his ministers have not embraced, hence their refusal to use it.
“The CNG initiative has so far failed to fully kick off because of a lack of gas infrastructure in most states. The result is that transport costs continue to soar along with prices of food.
“In his mid-term expenditure framework, he projected the exchange rate at N700/$1 in 2024 and N650/$1 by 2025. Rather than sack his economic advisers, he continues to live in a fool’s paradise, deceiving Nigerians about the FX reserve of $40bn when, in fact, the net reserves are less than 20% of that. Let the CBN release its financial statements of 2023 if he is sure of his achievements.”
“Even on the economy, he put his kinsmen in every key position beginning from Finance Minister, Trade and Investment, CBN, Customs and FIRS. Even President Muhammadu Buhari was not this brazen.
“Unlike Tinubu, Atiku is not a bigot. He has also not refunded money to the United States for alleged drugs trafficking.
“Despite a huge revenue challenge, Tinubu commits over $13bn to the controversial Lagos-Calabar coastal highway, rendering scores of Lagos residents homeless just to please his associates while other pressing matters are starved of funds.”
“It is ludicrous to claim that Atiku is jealous of Tinubu. Hell no, Atiku cannot be jealous of Tinubu inflicting pains on Nigerians. Wickedness is an exclusive preserve of Tinubu and no compassionate leader who truly cares about the wellbeing of Nigerians should be jealous of what is an exclusive preserve of T-Pain”.
The former Vice President added, “It is disheartening that during the last protests, some frustrated young Nigerians were waving Russian flags and calling on the military to take over. God forbid we return to those dark days, but leaders must not push their citizens to a point where citizens choose fire over frying pan.
“Nigeria is currently the worst performing currency in Africa and is now the 5th largest economy on the continent, falling from first when the failure called APC took over in 2015. Most Nigerians are at their wits’ end, not knowing where their next meal will come from. This should be Tinubu’s biggest concern instead of fiddling while the country burns.”
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Headline
They never trended negative stories about Peter Obi – Presidency accuses Arise TV
Daniel Bwala, a spokesperson for President Bola Tinubu, has accused Arise Television of exhibiting preferential treatment for the presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi.
Bwala, in a post on his X handle on Monday, said the station’s presenters often express strong opinions about other political candidates but adopt.a different approach when discussing Obi.
He claimed that the tone of discussions about the former Anambra State governor appeared like advisers offering counsel to their principal.
“Is anyone watching Arise News morning show gossip trending? They have strong opinion on all the candidates, but when it came to Peter Obi, what they have is advice,” Bwala wrote.
“Even the tone of their voices when talking about Peter Obi is like surrogates advising their principal.”
The presidential spokesman further alleged that the television station had not aired any trending reports considered adverse to Obi since he became a presidential candidate.
“I dare to say that they never had any so-called stories trending adverse to Peter Obi since Obi has been on the ballot,” he added.
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Headline
‘Ridiculous Idea,’ NELFUND Dismisses Claims Of Favouring Children Of APC Members
…Says Demand For Student Loans Has Been Overwhelming
The Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has dismissed claims that the Federal Government’s student loan scheme favours children whose parents are members of the All Progressives Congress (APC).
Sawyerr described the allegation as a “completely ridiculous idea”, arguing that the electronic application process makes it impossible for NELFUND to determine or favour beneficiaries based on political affiliation.
“I have not heard this allegation, but I can tell you that it’s a completely ridiculous idea that the administration of Bola Tinubu is focused on trying to fund people who support the party. We are talking about students; many of them are yet to vote, some of them are going to be voting for the first time, [and] many of them are not party members.
“How, in any event, do we determine who is a party member and who isn’t? Even if you are running a manual process, how do you do that? You can’t. It’s unlikely to yield you any result,” Sawyerr said during an interview on Channels Television’s Sunday Politics programme.
He said the loan application process was designed around objective eligibility criteria, adding that applicants must apply electronically and provide information such as their names and matriculation numbers.
“It is a process you have to apply for this loan electronically. If you don’t have a name, you can’t apply for this loan. You provide your matriculation number; you have to be in a public institution,” he said.
The NELFUND MD added that the scheme’s system does not discriminate based on personal characteristics, religion or ethnicity.
“We have a system that is focused on people who are Nigerians and meet the standard. The system doesn’t recognise your gender. There is no bias in the system at the front end or the back end.
“This is a system that doesn’t care whether you are of one tribe or the other. This system does not have a view or an opinion on whether you are a Christian, a Muslim, or an African traditional religionist; it doesn’t want to know,” he said.
Sawyerr also said demand for the student loan had been “overwhelming”, describing the scheme as a lifeline for students struggling to finance their education.
He revealed that NELFUND had disbursed ₦162 billion in upkeep allowances, while the scheme had contributed to a reported 20 per cent reduction in student dropout rates.
Weighing in on repayment, Sawyerr said beneficiaries would repay the loans based on their ability to pay. He also said funds reportedly recovered by the Economic and Financial Crimes Commission (EFCC) for the scheme had not yet been received by NELFUND.
The student loan scheme was established under the Student Loans Act signed into law by President Tinubu in April 2024. It provides interest-free financial support to eligible Nigerian students in public tertiary institutions.
The scheme covers approved institutional charges and upkeep allowances, with repayment scheduled to begin two years after completion of the National Youth Service Corps programme.
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Headline
2027: Trump supports my fuel subsidy plan – Atiku
The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, on Sunday declared that President Donald Trump of the United States, US, is backing his proposed policy on the restoration of fuel subsidy.
Atiku had pledged to return the subsidy on fuel if elected as the President of Nigeria in 2027.
He made this known in a statement by his spokesman, Phrank Shaibu tagged, ‘Atiku boasts of stakeholders, Trump support on fuel subsidy’.
Parts of the statement read: “This is why my Production Subsidy is about putting money back into people’s pockets. Support what we produce and refine here, increase supply, monitor the price and make sure Nigerians feel the benefit at the pump.
“CORAN is saying support domestic production. America understands the importance of supporting strategic energy production.
“Yet Tinubu attacks relief for ordinary Nigerians while his government understands perfectly well how to grant waivers, incentives and concessions to multinational oil companies and businesses close to his administration.
“So why does intervention suddenly become bad economics when ordinary Nigerians are meant to benefit?”
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