fbpx
Wednesday, January 22, 2025
2.2 C
Tallinn

Tinubu’s Economic Policies Causing Hardship for Nigerians — Atiku

ABUJA — Former Vice President Atiku Abubakar has criticized President Bola Tinubu’s administration, describing it as “incompetent” and “unprepared” in tackling Nigeria’s economic challenges. Atiku, who was the Peoples Democratic Party (PDP) presidential candidate in the 2023 election, stated on Monday that he “cannot be jealous” of Tinubu’s administration, given its policies which he claims are worsening the plight of Nigerians.

In a statement by his Special Assistant on Public Communication, Phrank Shaibu, Atiku lamented the rising cost of living, highlighting that food inflation has surged past 40%, a record high in recent decades.

“On July 8, 2024, Tinubu announced that import duties on essential goods like food would be lifted for 150 days,” Atiku said. “Yet, over 120 days later, the policy is yet to take effect, leaving Nigerians to struggle with skyrocketing prices. This reflects the fatuousness, inanity, and incompetence that characterizes the Tinubu administration.”

Atiku further accused Tinubu’s government of “policy flip-flops” and lack of preparedness. “Tinubu was clearly unprepared for office. He acts first and thinks of the consequences later,” Atiku argued, referencing the removal of the petrol subsidy without adequate measures to cushion the impact.

He also criticized the administration’s handling of the Compressed Natural Gas (CNG) initiative, which he said has failed to lower transportation costs due to inadequate infrastructure. “Transport costs keep rising, along with food prices,” he noted.

The former Vice President condemned the government’s “politicization of security,” citing appointments of Tinubu’s associates to key economic and security roles. “Even on the economy, he put his kinsmen in every critical position from finance to customs,” Atiku said, calling Tinubu’s approach “more brazen” than that of his predecessor, Muhammadu Buhari.

Atiku also expressed concern over the emergence of a new terror group, Lakurawa, and urged the government to prioritize national security and economic stability.

He concluded by pointing out that Nigeria’s currency has become the “worst performing in Africa,” and urged the President to focus on governance, warning, “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.”

Hot this week

German central bank warns that economy remains ‘listless’

Agency Report - Frankfurt  - Germany's economic weakness and stagnation will...

Prince Harry Settles Lawsuit with Rupert Murdoch’s NGN Over Unlawful Info Gathering

Agency Report - Prince Harry settled his lawsuit against Rupert...

U.S. Withdrawal from WHO May Impact Nigeria’s Health Sector, Stakeholders Warn

Agency Report - Health experts and stakeholders in Nigeria have...

Mercedes-Benz E-Class Named Safest Car of 2024 by Euro NCAP

STUTTGART, Germany (CHATNEWSTV) — The Mercedes-Benz E-Class has been...

Leverkusen to use defeat to Atletico as experience for next games

Agency Report - Berlin  - Bayern Leverkusen coach Xabi Alonso...

Latest

German central bank warns that economy remains ‘listless’

Agency Report - Frankfurt  - Germany's economic weakness and stagnation will...

Prince Harry Settles Lawsuit with Rupert Murdoch’s NGN Over Unlawful Info Gathering

Agency Report - Prince Harry settled his lawsuit against Rupert...

U.S. Withdrawal from WHO May Impact Nigeria’s Health Sector, Stakeholders Warn

Agency Report - Health experts and stakeholders in Nigeria have...

Mercedes-Benz E-Class Named Safest Car of 2024 by Euro NCAP

STUTTGART, Germany (CHATNEWSTV) — The Mercedes-Benz E-Class has been...

Leverkusen to use defeat to Atletico as experience for next games

Agency Report - Berlin  - Bayern Leverkusen coach Xabi Alonso...

Marco Rubio Outlines Priorities for Second Trump Administration’s State Department

WASHINGTON (CHATNEWSTV) — Secretary of State Marco Rubio on...

Borussia Dortmund sacks with coach Sahin

Agency Report - Dusseldorf  - Borussia Dortmund have parted ways with...

Ukraine war drives German arms exports to new record

Agency Report - Berlin  – Permits issued by the German government...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Far-right AfD in German state of Saxony is an extremist group — Court

Agency Report - The Alternative for Germany (AfD) party organization in the eastern German state of Saxony can be designated as a known far-right extremist...

Leading German Parties To Cut Taxes For High Earners — Study

Agency Report - Berlin  - Financial reforms touted by the frontrunners in Germany's upcoming parliamentary election will primarily benefit higher-income earners, according to the new study published...

Germany’s The Left to agree on election manifesto with focus on rent

Germany's The Left is set to agree on its manifesto at a conference in Berlin on Saturday. Germany's The Left, a hard-left descendant of the...

Appeal Court reaffirms Abure as LP National Chairman

Agency Report - The Court of Appeal in Abuja, on Friday, reaffirmed Julius Abure as the National Chairman of the Labour Party, LP. The three-member panel,...

Far-right party AfD candidacy may have consequences for federal police officers

Agency Report - Politics is not always a private matter for civil servants. Membership of an extremist party can set alarm bells ringing. What happens...

Ukraine aid package row hurts Berlin’s image — Baerbock

Agency Report - German Foreign Minister Annalena Baerbock said an ongoing domestic political dispute over an aid package for Ukraine has left its mark on...

Obasa, Three Lawmakers Absent as Lagos Assembly Appoints New Principal Officers

Agency Report - The Lagos State House of Assembly has named four new principal officers following the impeachment of the former Speaker, Mudashiru Obasa, on...

Igbo Entrepreneurs Caution Primate Ayodele, Says Seyi Tinubu Is the Best Choice for Governor

Igbo Entrepreneurs Caution Primate Ayodele, Says Seyi Tinubu Is the Best Choice for Governor The hope of Ndigbo in Lagos was rekindled on Thursday as...

Germany’s Scholz under fire over funding for Ukraine aid package

Agency Report German opposition lawmakers on Thursday accused Chancellor Olaf Scholz of dirty campaign tactics over his demand for additional borrowing to finance an aid...