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Implementation Of New Naira Policy Is Anti-People, Wike Tells Buhari …Insists Cabal In Presidency Backing Atiku
Rivers State Governor, Chief Nyesom Wike, has advised President Muhammadu Buhari to reconsider the manner with which the currency redesign policy is being implemented because it is anti-people.
Governor Wike maintained that those who recommended this apparently anti-people monetary policy do not love the President and are bent on tarnishing his legacies.
The governor stated this at the Comprehensive Secondary School field, Ibaka Town, Okrika Island, during the Rivers State Peoples Democratic Party (PDP) Campaign Flag-off Rally for Okrika Local Government Area, last Friday.
Governor Wike, in a statement by his Special Assistant on Media, Kelvin Ebiri, urged President Buhari to take a critical look at the socio-economic chaos and hardship that the exercise has caused, and revisit the policy in order to curb the pains of Nigerians.
According to him, “This policy is anti-people. The new Naira note is not there. Even though I have money in my account, I cannot get N10,000. I cannot go and buy fuel. Who is losing? Is it not the masses? Is it not the people?”
He advised the President to stop listening to those who advise him on this monetary policy under the guise that it will curb vote buying, saying those advisors do not mean well for Nigerians and cannot feel their sufferings.
Governor Wike also dismissed the claim that the policy is being implemented to fight politicians and corruption, and wondered if such goals can be achieved within the remaining three months of President Buhari’s administration.
“You’re merely fighting against the poor people. Mr President, I know the pressure, but please since two of us are going the same time, this policy, it has nothing to fight corruption at all. It has nothing to fight politicians.
“This policy is aimed to suffer the people who elected us to govern over them. Our business is not to make the people to suffer. We all know how to fight corruption. We all know how to fight politicians. This particular one, it does not come in at all”, he insisted.
Governor Wike expressed dismay that people were prevented from accessing money lodged in their bank accounts while small scale commercial activities were grounded for lack of cash.
According to him, there is reduced cash flow in circulation and even the redesigned Naira notes are hardly available to the citizenry.
“I know Mr President has good intention, but there are these people who believe they know more than everybody, they go and put the country in total chaos and that is what we are suffering now”, Wike said.
He stressed the futility of presenting credit cards to pay for food items bought from an elderly woman who depends on daily sales to raise money in the rural areas with prevailing illiteracy.
According to the governor, there is no where in the world where such currency change has been done conclusively within six months.
He said, “I have never seen anywhere in this world where you change money within six months and say no more use of old money. It doesn’t work. It takes time and you have to prepare. Look at our economy, look at the rural areas, the level of illiteracy in the country.”
Governor Wike urged President Buhari to avert aggravating the security challenge across the country and pushing Nigerians deeper into economic hardship.
“Can you imagine the problem you’re causing for us. As we are here, the level of insecurity will increase. We can’t get security agencies money any longer for them to use and pay those who are in the field. Even the CIA they carry cash for operation. Even NIA, they carry cash for operation. But here, we can’t even give our security One Million Naira.”
Speaking further, Governor Wike said recent events had vindicated him over his initial public statement that the PDP presidential candidate and his supporters boasted that they do not need the G-5 governors to win election because they had been assured of victory by a cabal in the presidency.
“I said they have been given assurance, but this election is not going to be based on that cabal assurance. It is on the people’s assurance”, he said.
Governor Wike, however, insisted that any party that does not need Rivers State will lose the election.
According to him, “whether you like it or not, you must need Rivers State. If you don’t need Rivers State you must fail. If you say you don’t want us, you’ll fail. There is no two ways about it.”
Soliciting votes for the PDP governorship candidate in the state, Sir Siminialayi Fubara and other PDP candidates, Governor Wike urged the people to vote overwhelmingly for the PDP.
He disclosed that the contract for the Okrika sandfilling project has been re-awarded because the former contractor who is their son has failed to finish the project.
Governor Wike also announced the upgrading to first class traditional stool status, confirmation and recognition of King Nelson Atubo Oputibeya as the Amanyanabo of Koniju.
Sir Fubara, in his address, said his administration, when elected as governor, would work to sustain the existing peace in Okrika, complete any ongoing project it may inherit, and provide more development projects to them.
Rivers State Chairman of the PDP, Ambassador Desmond Akawor, who presented the party’s flags to the various candidates in the area, urged Okrika people to vote massively for the party’s candidates.
Speaking on behalf of other candidates, the Rivers East Senatorial candidate, Chief Allwell Onyesoh, thanked the leadership and members of the party for the privilege given to them to fly the party’s flag, pledging that they will provide quality representation when elected.
Earlier, Governor Wike had inaugurated a 100-Bed Mother and Child Hospital in Okrika, which was built under the auspices of the Sustainable Development Goals (SDGs) in the office of the presidency.
The project was nominated and attracted to the area by Hon. Bright Gogo, the House of Representatives member for Okrika and Ogu/Bolo federal constituency.
While commending Princess Adejoke Adefulire, the Senior Special Assistants on SDGs to President Buhari, for ensuring the building and equipping of the hospital, Governor Wike noted that Hon. Gogo has distinguished himself for attracting and realising the project in his constituency unlike other federal lawmakers from the state who attracted no projects.
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Fubara Dissolves Rivers Executive Council
Rivers State Governor, Sir Siminialayi Fubara, has dissolved the State Executive Council.
The governor announced the cabinet dissolution yesterday in a statement titled ‘Government Special Announcement’, signed by his new Chief Press Secretary, Onwuka Nzeshi.
Governor Fubara directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
He thanked the outgoing members of the State Executive Council for their service and wished them the best in their future endeavours.
The three-paragraph special announcement read, “His Excellency, Sir Siminalayi Fubara, GSSRS, Governor of Rivers State, has dissolved the State Executive Council.
“His Excellency, the Governor, has therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
“His Excellency further expresses his deepest appreciation to the outgoing members of the Executive Council wishing them the best in their future endeavours.”
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INEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
The Independent National Electoral Commission (INEC) yesterday told the National Assembly that it requires N873.78bn to conduct the 2027 general elections, even as it seeks N171bn to fund its operations in the 2026 fiscal year.
INEC Chairman, Prof Joash Amupitan, made the disclosure while presenting the commission’s 2026 budget proposal and the projected cost for the 2027 general elections before the National Assembly Joint Committee on Electoral Matters in Abuja.
According to Amupitan, the N873.78bn election budget covers the full conduct of national polls in 2027.
An additional N171bn is needed to support INEC’s routine activities in 2026, including bye-elections and off-season elections, the commission stated.
The INEC boss said the proposed election budget does not include a fresh request from the National Youth Service Corps seeking increased allowances for corps members engaged as ad-hoc staff during elections.
He explained that, although the details of specific line items were not exhaustively presented, the almost N1tn election budget is structured across five major components.
“N379.75bn is for operational costs, N92.32bn for administrative costs, N209.21bn for technological costs, N154.91bn for election capital costs and N42.61bn for miscellaneous expenses,” Amupitan said.
The INEC chief noted that the budget was prepared “in line with Section 3(3) of the Electoral Act 2022, which mandates the Commission to prepare its election budget at least one year before the general election.”
On the 2026 fiscal year, Amupitan disclosed that the Ministry of Finance provided an envelope of N140bn, stressing, however, that “INEC is proposing a total expenditure of N171bn.”
The breakdown includes N109bn for personnel costs, N18.7bn for overheads, N42.63bn for election-related activities and N1.4bn for capital expenditure.
He argued that the envelope budgeting system is not suitable for the Commission’s operations, noting that INEC’s activities often require urgent and flexible funding.
Amupitan also identified the lack of a dedicated communications network as a major operational challenge, adding that if the commission develops its own network infrastructure, Nigerians would be in a better position to hold it accountable for any technical glitches.
Speaking at the session, Senator Adams Oshiomhole (APC, Edo North) said external agencies should not dictate the budgeting framework for INEC, given the unique and sensitive nature of its mandate.
He advocated that the envelope budgeting model should be set aside.
He urged the National Assembly to work with INEC’s financial proposal to avoid future instances of possible underfunding.
In the same vein, a member of the House of Representatives from Edo State, Billy Osawaru, called for INEC’s budget to be placed on first-line charge as provided in the Constitution, with funds released in full and on time to enable the Commission to plan early enough for the 2027 general election.
The Joint Committee approved a motion recommending the one-time release of the Commission’s annual budget.
The committee also said it would consider the NYSC’s request for about N32bn to increase allowances for corps members to N125,000 each when engaged for election duties.
The Chairman of the Senate Committee on INEC, Senator Simon Along, assured that the National Assembly would work closely with the Commission to ensure it receives the necessary support for the successful conduct of the 2027 general elections.
Similarly, the Chairman of the House Committee on Electoral Matters, Bayo Balogun, also pledged legislative support, warning INEC to be careful about promises it might be unable to keep.
He recalled that during the 2023 general election, INEC made strong assurances about uploading results to the INEC Result Viewing portal, creating the impression that results could be monitored in real time.
“iREV was not even in the Electoral Act; it was only in INEC regulations. So, be careful how you make promises,” Balogun warned.
The N873.78bn proposed by INEC for next year’s general election is a significant increase from the N313.4bn released to the Commission by the Federal Government for the conduct of the 2023 general election.
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Tinubu Mourns Literary Icon, Biodun Jeyifo
President Bola Tinubu yesterday expressed grief over the death of a former President of the Academic Staff Union of Universities and one of Africa’s foremost literary scholars, Professor Emeritus Biodun Jeyifo.
Jeyifo passed away on Wednesday, drawing tributes from across Nigeria and the global academic community.
In a condolence message to the family, friends, and associates of the late scholar, Tinubu in a statement by his spokesperson, Bayo Onanuga, described Jeyifo as a towering intellectual whose contributions to African literature, postcolonial studies, and cultural theory left an enduring legacy.
He noted that the late professor would be sorely missed for his incisive criticism and masterful interpretations of the works of Nobel laureate, Professor Wole Soyinka.
The President also recalled Jeyifo’s leadership of ASUU, praising the temperance, foresight, and wisdom he brought to the union over the years.
Tinubu said Jeyifo played a key role in shaping negotiation frameworks with the government aimed at improving working conditions for university staff and enhancing the learning environment in Nigerian universities.
According to the President, Professor Jeyifo’s longstanding advocacy for academic freedom and social justice will continue to inspire generations.
He added that the late scholar’s influence extended beyond academia into political and cultural journalism, where he served as a mentor to numerous scholars, writers, and activists.
Tinubu condoled with ASUU, the Nigerian Academy of Letters, the Wole Soyinka Centre for Investigative Journalism, the University of Ibadan, Obafemi Awolowo University, Oberlin University, Cornell University, and Harvard University—institutions where Jeyifo studied, taught, or made significant scholarly contributions.
“Nigeria and the global academic community have lost a towering figure and outstanding global citizen,” the President said.
“Professor Biodun Jeyifo was an intellectual giant who dedicated his entire life to knowledge production and the promotion of human dignity. I share a strong personal relationship with him. His contributions to literary and cultural advancement and to society at large will be missed.”
Jeyifo was widely regarded as one of Africa’s most influential literary critics and public intellectuals. Among several honours, he received the prestigious W.E.B. Du Bois Medal in 2019.
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