Politics
Tinubu Has Nothing New To Offer Nigerians – Ex-minister
A chieftain of the Peoples Democratic Party in Akwa Ibom State and former Minister of Lands, Housing and Urban Development, Nduese Essien, has said the presidential candidate of the All Progressives Congress in the 2023 presidential election, Bola Tinubu, has nothing new to offer after his party could not fulfill its promises to the country.
He said Tinubu’s promise that his administration will make the Naira at par with the US Dollar is a mere campaign gimmick which cannot fly, adding that APC flag bearer has no such magic wand to turn the Naira around to equate in value with the Dollar.
Essien said, “Tinubu made this kind of promise in 2015 when he was campaigning for Muhammadu Buhari, and seven years down the line, he couldn’t show the president how to appreciate the Naira.
“Why then should anybody with knowledge of how the global economy works, believe him?
“That’s how it started in 2014, leading to the opposition against President Goodluck Jonathan on how the Naira will be at par with the USA Dollar if Buhari is voted to power”, Chief Essien said, adding that Tinubu’s claim is unrealistic, given the fact that he may likely follow the economic path of Buhari, if voted into power.
The former House of Representatives member, who chaired the South South caucus of the National Assembly from 1999 to 2003 castigated the administration of President Muhammadu Buhari, in which Tinubu is co-traveller, for the abysmal depreciation of the Naira from where they met it at 150 to present day value of 610 to a dollar.
“Why has Tinubu failed to assist President Buhari in arresting the steady fall of the Naira against other international currencies but waiting until he becomes President in 2023 before he miraculously intervened?” Essien queried.
He added, “International currencies are not manipulated the way Bola Tinubu surreptitiously took the Mobil Producing Nigeria Unlimited Headquarters to Lagos away from its area of operations to the detriment of the Oil Producing Areas and has continued to sustain its maintenance there despite all the protests from the rest of the country and in keeping with international best practice.
“Tinubu cannot be trusted because as the leader of the All Progressive Congress, the party has failed the country in all its campaign promises, he has nothing new to offer the nation.”
Chief Essien called on Nigerians of voting age to make use of the extension given by INEC on registration for PVC, to be part of the leadership recruitment process.
The Tide source reports that Prof. Akinoso was elected alongside 38 other executive members of the party at the congress held on Saturday.
Other executive members are Dr Abiola Olaonipekun, who emerged as Secretary, Alhaja Latifah Latifu, Women Leader and Mr A. Adeleke, elected as Youth Leader.
It was learnt that the congress, which took place at the Obafemi Awolowo Stadium, Oke Ado in Ibadan, was attended by representatives of the Independent National Electoral Commission (INEC), the Police, other security agencies and prominent members of the party.
The election was supervised by electoral committee members, among whom were Prince Diran Odeyemi, who served as Chairman, Hon. Awoniyi Tolulope, Mr Babatunde Gbadamosi, Queen Stepheine Oyechere, Alhaji Yusuf Abidakun, Mr Olumide Aguda and Dr Phillips Adeniyi, who served as Secretary.
Prof. Akinoso, in his inaugural address, urged members of the party to set aside intra-party differences.
He advised them to concentrate their resources on the promotion of the party, saying, “The primary responsibilities of party executive members are to coordinate party activities, ensure harmony among members, and ensure party victory during general elections.
“Our immediate assignments are to key into INEC released 2027 general election time-tables. As directed by the National Caretaker Committee of PDP, our party e-membership registration starts next week. We must be fully involved and do a membership drive.
“A political party is only relevant and benefits its members if it wins the election. This is our goal. We should set aside intra-party differences; concentrate our resources towards the promotion of the party. We will make necessary consultations and dialogue to actualise this”.
President Tinubu disclosed this during an interfaith breaking of fast with senior journalists and media executives at the Presidential Villa in Abuja on Saturday.
He also disclosed that his administration had opened up on the principles of true federalism to the extent that local governments now get direct allocation from the Federal Government.
“There’s no morning that I ever leave my house without going through the newspapers. It’s an addiction. I read all of you.
“It might not be in full detail, but headline, the one that would hit me and the ones that won’t.
“At the beginning of this administration, I was just a little bit stubborn, looking at opportunities to correct things and make life more easier for the downtrodden.
“We’ve opened up the principle of federalism to the extent that local governments are now getting their money, but how they use it is in your hands. So, don’t bombard me alone,” President Tinubu said.
The ruling party said the ADC had turned criticism of the APC-led administration into its operating manifesto instead of presenting concrete solutions to Nigeria’s economic challenges.
In a statement issued on Saturday by the APC National Publicity Secretary, Mr Felix Morka, the party dismissed the ADC’s interpretation of a report presented at a policy dialogue organised by Agora Policy which suggested that the country’s poverty rate had risen from 49 per cent to 63 per cent.
Mr Morka said the opposition party’s reaction to the report as a “damning verdict” on the government’s economic policies reflected either ignorance of economic realities or deliberate political mischief.
“The African Democratic Congress’ attempt to spin a recent report presented at the Agora Policy dialogue indicating a rise of poverty rate of 63 per cent from 49 per cent as a damning verdict on this administration’s economic policies speaks either to its shocking ignorance of economic policy or its wilful blindness to the justification for, and transformative impacts of, ongoing economic reforms,” he said.
The APC spokesman noted that the report itself recognised the necessity of reforms aimed at correcting long-standing structural distortions in the economy.
According to him, the ADC had failed to present any credible alternative policy direction for Nigerians.
“Clearly, the ADC does not recognise itself as a political party. The ADC has not articulated a single alternative policy position or prescription of benefit to Nigerians. Condemning the APC and its policies has become its operating manifesto,” Mr Morka said.
He explained that major economic decisions taken by President Bola Tinubu, including the removal of fuel subsidy and the unification of multiple foreign exchange windows, were necessary steps to rescue the country’s economy from collapse.
Mr Morka said the subsidy regime had for years placed a heavy burden on public finances, consuming trillions of naira annually while encouraging corruption, fuel smuggling and inefficiencies in the system.
He added that the reforms had helped redirect national resources to key sectors such as infrastructure, healthcare, education and social development.
The APC spokesman acknowledged that economic reforms often come with short-term hardship but stressed that the measures were essential to build a stronger and more resilient economy.
“Economic reform is never cost-free anywhere in the world. The transient hardship experienced by Nigerians was an inevitable cost of reforms meant to build and guarantee a better future for all Nigerians,” he said.
Mr Morka maintained that the country’s economic outlook was already improving, citing recent growth figures and stronger external reserves.
“Our economy has rebounded and is expanding steadily. The country’s Gross Domestic Product grew by 4.4 per cent last year and is projected to expand by 5.5 per cent this fiscal year, with foreign reserves now exceeding $50 billion,” he stated.
He also pointed to government initiatives designed to cushion the effects of economic adjustments on citizens, including cash transfer programmes, student loan schemes and the rollout of compressed natural gas (CNG) initiatives to reduce transportation costs.
Mr Morka reaffirmed that the APC-led administration would remain focused on rebuilding the economy and expanding social investments to support vulnerable Nigerians.