Politics
Tinubu Vows To Repair Inherited ‘Bad Economy’
The Federal Government, on Monday, said it inherited a bad economy with an unacceptable high rate of unemployment.
The government also assured Nigerians that the administration of President Bola Tinubu will not rely on borrowing and that he had pledged to be transparent, honest and accountable to the people.
Meanwhile, the President has promised to create about 50 million jobs through the Ministry of Trade and Investment.
At the end of the inaugural Federal Executive Council, FEC, meeting presided over by President Bola Tinubu at the Council Chamber, Presidential Villa, Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, told journalists that the Tinubu administration met a very bad economy with inflation rate at 24 percent.
Asked to describe the kind of economy the government met on ground, he said: “Per capital has fallen steadily, inflation is at 24 percent, unemployment is high; you know they are rebasing the way in which it’s calculated.
“Either way, it is high and youth unemployment is even unacceptably high. These are the key metrics that we have met.”
Asked to be specific on the the kind of economy the Tinubu administration met on ground, the Minister said, “We met a bad economy and the promise of Mr. President is to make it better.”
He also said that the Federal Government is not in a position to borrow money at this time, adding that the emphasis is on how to create a macro-economic environment where both local and foreign investors will invest and increase production.
On her part, the Minister of Trade and Investment, Dr. Doris Anite, said that the President has to create 50 million jobs.
Meanwhile, President Tinubu has given the cabinet members a marching order to marshal the revival of the economy and make life more bearable for the people.
The marching order was given at the council meeting where “Roadmap for the economy” presented by the Minister of Finance and Coordinating Minister for the Economy was considered.
Edun said the council agreed that the economy is not where it should be.
He said FEC examined eight priority areas and identified targets to deliver in the next three years.
He affirmed that President Tinubu had charged the ministers to roll out policies and programmes to turn around the economy.
Politics
Don’t Risk Your Legacy, Citizen Begs Jonathan Against 2027 Presidential Race
In a letter titled, “An Open Letter to Former President Goodluck Jonathan,” the observer said Dr Jonathan should be careful not to allow himself to be drawn into partisan calculations driven by ambition rather than national interest.
He cautioned the former president against allowing himself to be used by what he described as desperate political interests.
“I believe this is the time to protect the good name and legacy you have built over the years. You should not allow yourself to be used by desperate political elements who may be more interested in their own ambitions than in the future of Nigeria,” the letter read.
The Social Commentator further warned Dr Jonathan to be wary of those advocating for his comeback, claiming many of them were previously opposed to his administration.
“Many of those calling for your return today were your antagonists, those who frustrated your government back then. You should be careful not to become a pawn in a game designed by others or else they will stain your white with their ‘roforofo’,” he said.
He maintained that Dr Jonathan’s legacy remains defined by his decision to concede defeat in 2015, which he described as a landmark moment in Nigeria’s democratic history.
“Your legacy was built through years of public service and your decision to put the country’s peace above personal ambition at a critical moment in Nigeria’s history. That legacy should not be put at risk because of the desperation of a few politicians,” he added.
Mr Adenuga also alleged that some of the promoters of Dr Jonathan’s return have lost credibility in the public space.
“The truth is that some of the people pushing you to contest have already damaged their own reputations. They should not be allowed to stain your legacy with their soiled hands. What they could not achieve on their own should not be pursued through your name and goodwill,” he stressed.
He concluded by urging the former president to remain above political manoeuvring and protect his place in history.
“History has been kind to you. Preserve that honour and remain above the political games of those who want to use your name for their own purposes,” he wrote.
Recall that former President Goodluck Jonathan recently emerged as the presidential candidate of the Kabiru Turaki-led Interim National Working Committee of the Peoples Democratic Party (PDP) following a special convention held in Abuja, where delegates ratified his nomination ahead of the 2027 general elections.
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