News

Why Tinubu’s One Year Rule Hasn’t Produced Fruits — Atiku

Published

1 year ago

May 28, 2024

The presidential candidate of the Peoples Democratic Party (PDP), in the 2023 general elections, Atiku Abubakar, has said President Ahmed Tinubu’s one year rule hasn’t produced tangible results because he unleashed reforms without an implementation plan.

Atiku said this in an article he made public on Tuesday.

He recalled that “On May 29, 2023, President Bola Tinubu raised the hopes of Nigerians with his pledge to ‘remodel our economy to bring about growth and development through job creation, food security and an end of extreme poverty.”

He explained that since making this pronouncement, Tinubu has also spoken about growing the economy at double-digit rates to US$1 trillion in six years, ending misery, and bringing immediate relief to Nigeria’s cost-of-living crisis.

According to the former Vice President noted that on listening to this, Nigerians must have breathed a sigh of relief after their experience with ex-President Buhari’s 8 years of economic misadventure.

He, however, said, “Tinubu laid out no plans for the ‘remodeling’ of the economy but soon embarked on a cocktail of policies to achieve it.

“In May 2023, he eliminated PMS subsidies, and a month later, the CBN implemented a new foreign exchange policy that unified the multiple official FX windows into a single official market.

“More policies followed in rapid succession: the tightening of monetary policy to reduce Naira liquidity, a hike in monetary policy rates, the introduction of cost-reflective electricity tariff, and a cybersecurity tax.

“Predictably, 12 months on, Tinubu’s pledge of growing the economy and ending misery remains unfulfilled.

“His actions or inactions have significantly worsened Nigeria’s macroeconomic stability. Nigeria remains a struggling economy and is more fragile today than it was a year ago.

“Indeed, all the economic ills – joblessness, poverty, and misery – which defined the Buhari-led administration have only exacerbated.

“Africa’s leading economy has slipped to the 4th position lagging behind Algeria, Egypt, and South Africa. Citizens’ hopes have been dashed (and not renewed contrary to the propaganda of the administration) as Nigeria’s economic woes have multiplied.”

Giving an analysis of how he thinks Nigeria got to this sorry state, Atiku said, “In my press statement on the state of our economy, earlier this year, I expressed my concerns about the downside risks of unleashing reforms without sequencing;

“…without any ideas on how to implement them; and without any regards to their potential and real devastating consequences. Implementing policies without proper planning and a clear destination is nothing other than trial-and-error economics.

“My concerns have not diminished. I will focus on just four areas to underscore those downside risks associated with Tinubu’s reform measures and their dire consequences on Nigeria’s medium to long-term growth and development.

“First, President Tinubu’s policies do not create prosperity. Instead, they pauperize the poor and bankrupt the rich.

“They spare no one. Nigerian citizens, the majority of whom are poor, are going through the worst cost-of-living crisis since the infamous structural adjustment programme of the 1980s.

“The annual inflation rate at 33.69% is the highest in nearly 3 decades. Food prices are unbearably higher than what ordinary citizens can afford as food inflation soared to 40.53% in April, the highest in more than 15 years.”

He further said, “Nigerian citizens have to pay 114% more for a bag of rice, 107% more for a bag of flour, and 150% more in transport fares relative to May 2023. Today, in some locations, motorists are paying 305% more for a litre of fuel.

“Yet, on a minimum wage of the equivalent of US$23 per month, Nigerian workers are among the lowest wage earners in the world. Tinubu had the ‘courage’ to remove subsidy on PMS;

“…and impose additional taxes on his people but lacks the compassion to raise the minimum wage or implement a social investment programme that would reduce the levels of vulnerability, and deprivation of workers and their families.

“Second, President Tinubu’s policies create a hostile environment for businesses, big or small. The private sector is overwhelmed by Tinubu’s dismal policies and overburdened by his failure to address the policy fallouts.

“The manufacturing sector, which holds the key to higher incomes, jobs, and economic growth, has been bogged down by rising input prices, higher energy and borrowing costs, and exchange rate complexities.

“For example, since 2023, the average price of diesel has doubled to N1,600 per litre. Electricity tariff has recently been increased by 250% from N68/Kwh to N206/Kwh.

“As reported by the Guardian (13 May 2024), in Q1 of 2024, energy prices were up by 70%, costing manufacturers N290 billion.

“Since May 2023, corporate Nigeria has lost more than a dozen enterprises to other countries. Unilever, GlaxoSmithKline (GSK), Procter & Gamble (P&G), Sanofi-Aventi Nigeria, Bolt Food, Equinor, among others had exited Nigeria citing reasons including foreign exchange complexities, security concerns, and high operational costs.

“According to the Nigeria Employers’ Consultative Association (NECA), nearly 20,000 jobs may have been lost due to the departure of 15 multinational companies from Nigeria.

“Those enterprises that remain are struggling to survive. Vanguard Newspaper (20 May, 2024) reported a significant rise – to nearly 30% – in unsold goods in the warehouses of manufacturers of fast-moving consumer goods, occasioned by the rising cost of living and declining purchasing power of the citizens.

“According to the Guardian, manufacturers reported in Q1 a 10% drop in capacity utilization, a 10% drop in production, a 5% drop in investment, and more than 7% drop in sales.

“The Daily Trust (1 May, 2024) quoted Dangote lamenting that nearly 97% of manufacturing concerns in Nigeria will be unable to pay dividends this year.

“In an economy with high rates of unemployment, a declining manufacturing sector cannot be an option.

“Third, President Tinubu’s foreign exchange policies have not had any positive impact on Nigeria’s foreign trade balance, contrary to policy expectations.

“In particular, the free-float and the resulting devaluation of the Naira has not resulted in an appreciable improvement in Nigeria’s trade balance.

“Devaluation has not enhanced the competitiveness of local producers and has had no positive impact on exports of goods, primary or manufactured. In Q4 of 2023, for example, while imports surged 163.1%, exports rose at a slower 99.6%, indicating a huge foreign trade deficit.

“Similarly, in Q1 of 2024, Nigeria recorded a trade deficit of $7.5 billion, with exports value of $12.7 billion and import value of US$14 billion. Overall, the trade deficit as a percentage of GDP increased by 0.83% from 0.05% in May 2023 to 0.88% in May 2024.

“Fourth, President Tinubu’s policies have failed to attract foreign investments into the country despite all the posturing and media hype by the President’s men.

“Exchange rate unification and free float of the Naira have not led to higher capital inflows (whether Foreign Direct Investment or Foreign Portfolio Investments), again contrary to policy expectations.

“ Indeed, FDI inflows declined by 26.8%, from US5.33 billion in May 2023 to US$3.9 billion in May 2024. It is not difficult to understand why: FDI is about TRUST.

“It is about the investing world trusting the leadership of a country to act and deliver on promises made. Investors come when the right policies are designed and delivered timely and efficiently by public institutions.”

News

Congress Newspaper @4: X-Raying The Evolution Of Media In Ijaw Nation

Published

3 hours ago

July 11, 2025

Editor

By Joseph Kanjo

When Congress Newspaper/Online TV was launched four years ago, profit wasn’t the priority. “We weren’t looking at making money,” said Comrade Austin Ozobo, Managing Director of Congress Newspaper and a notable rights activist.

“I was in government as a Senior Special Assistant (SSA), and the salary wasn’t much. But I needed a platform where my voice—and the voices of like-minded individuals, especially my people—could be heard. So, I floated it. But today, things have changed. The profits are coming naturally,” he added.

These remarks came during my phone conversation with Comrade Ozobo, just days ahead of Congress Newspaper’s fourth anniversary celebration on July 10, 2025.

A well-known advocate for the rights of the Ijaw people and president of the Ijaw People’s Development Initiative (IPDI), Ozobo emphasized that his primary motivation was to amplify marginalized voices—especially those of his people. He reflected a sentiment similar to that of British musician and activist Peter Gabriel, who once said, “Those of us who have the eyes and ears of the media have a responsibility to amplify the voices of the voiceless.”

Fifteen years ago, it would have been difficult to count more than a handful of media outlets—whether big or small—owned or managed by individuals Ijaw from the Ijaw extraction.

Despite the many challenges faced by the Ijaw people, particularly due to the complex terrain they inhabit, their voices were largely absent from national conversations.

But today, that narrative has changed—thanks in part to the rise of online media. Now, there are numerous media outlets owned and managed by Ijaw sons and daughters, both in digital and print formats.

These platforms—each with its own mission and vision—nonetheless share a common thread: they give a voice to the people of the creeks, from whose experiences they often draw inspiration.

Some notable Ijaw-owned indigenous media platforms include:
GbaramatuVoice, Ijaw Voice, Ijaw Heritage TV, Arogbe Ibe Reporters, Iduwini Voice, Ogulagha Vanguards, and Egbema Voice.

In addition, several media outlets with broader or foreign-sounding names are also run by Ijaw professionals, including:
Info Daily, The Liberator, Coastal Times, Penglobal, Focal Point Reports, Dailynews Report, Waffi TV, Niger Delta Mirror, Niger Delta Herald, Daily Watch, and Mangrovepen.

Congress Newspaper/TV, though relatively new, has firmly established itself among these platforms as a consistent voice advocating for the Ijaw cause and broader Niger Delta interests.

Some may argue that media organizations should be neutral and unbiased. While this principle remains fundamental to ethical journalism, one cannot ignore the impact of ownership. Around the world, media ownership often shapes editorial direction, intentionally or not.

During his welcome address at the fourth anniversary celebration, Comrade Ozobo reiterated the newspaper’s founding vision: to provide not just information, but empowerment for Niger Delta communities.

“Our mission has always been to champion the voices that often go unheard and to shine a light on the issues that matter most to our people,” he said.

“We believe in the power of ethical journalism, and we remain committed to being a steadfast voice for justice, equity, and truth.”

Ozobo’s words speak to a broader truth: in media, ownership matters. And when that ownership is rooted in community-driven passion and purpose—as it is with Congress Newspaper—it becomes a powerful vehicle for social change.

As Congress Newspaper marks its fourth year, it stands not just as a media outlet, but as a movement—one that continues to reshape the media landscape in the Ijaw nation and beyond.

Joseph Ebi Kanjo is a practising journalist and Managing Editor of INFO DAILY.
editor@infodailyng.com

News

Supreme Court: Jubilant Supporters Stunned, Locked Out Of Edo Govt House [PHOTOS]

Published

8 hours ago

July 11, 2025

Editor

Jubilant supporters of Governor Monday Okpebholo Edo State, were on Friday disappointed as they were locked out from the Edo State Government House, Benin City.

The order not to allow anyone to access the government house was reportedly from an order from above.

The supporters, which included market women and members of the All Progressives Congress (APC), had gathered at the Benin Airport about 7am, to give the governor a rousing welcome.

The gathering followed Okpebholo’s triumph at the 2024 governorship election legal dispute at the Supreme Court in the nation’s capital, Abuja.

Okpebholo, whose aircraft touched down at the Benin Airport at about 12.40pm was welcomed by the supporters amid jubilation.

The supporters, many of whom were not mobile, proceeded on foot in a road procession with governor Okpebholo’s motorcades- chanting solidarity songs.

The procession, which lasted for about an hour, terminated at the Edo State Government House where the supporters were informed by security operatives that only Very Important Personalities (VIPs) would be allowed into the government house for refreshments.

The bewildered supporters took turns to lament the development, with many raining insults on the authorities.

One of the supporters who identified herself as Mrs. Ebosele Omogiate said: “In the worst moments of ex-governor Godwin Obaseki, supporters and members were not shabbily treated like this.

“They have won now and have decided to build a wall around themselves,” she added.

“I left my house before 7am for the airport and stood under the sun for hours before the arrival of the governor.

“We engaged on a road show with him to the government house, only for us to be shut out. This treatment melted on us is unfair,” another supporter added.

Earlier, addressing the crowd, Governor Okpebholo thanked God for his victory at the Supreme Court.

He promised that in the next two years, Edo people will know that they have a governor.

News

OPINION: BAT Rejects Trump’s Amazing Offer

Published

13 hours ago

July 11, 2025

Editor

Tunde Odesola

The presidential convoy spread out on the Third Mainland Bridge like a cloud of bats on seasonal migration. Sirens screamed. Lights flashed. The convoy of vehicles unfolds like the hail of light produced when the welder’s electrode kisses a metal, shraaaah! shraaaah! E plenty like iná wédà to fóká síbè.

As an insect enthusiast with particular love for beekeeping (cockroaches and bedbugs not included, please), I know that bees, ants and wasps have no kings, but queens, who guard-bees protect with their lives. However, termites have kings and queens, both of whom soldier termites protect with their last blood.

Be they bees, ants, wasps or termites, I love watching the life of cooperation, protection, order and hard work among insects. I love their guards’ provision of security for all and sundry, unlike the guards in this presidential convoy, whose only duty is the protection of the President, his family and bootlickers.

Measuring 11.8 kilometres, the Third Mainland Bridge, a massive masterpiece of concrete and steel work stretching over the Lagos Lagoon, was started in 1975 by the General Yakubu Gowon military administration, and continued by General Murtala Mohammed’s six-month government, before President Shehu Shagari stepped into the picture and did his bit. However, it was General Ibrahim Babangida who took credit for the bridge construction because he ensured its completion in 1990.

If the charismatic Babangida didn’t annul the June 12, 1993 presidential election won by Chief MKO Abiola, he almost certainly would have been preferred by Nigerians to shed his military khaki for the agbada of politics, instead of the less gifted and dour General Muhammadu Buhari, who later got the presidency on fake promises.

Regrettably, Babangida apparently lost political goodwill, honour, peace of mind and two terms of civilian presidency to the June 12 annulment. Little did Nigerians know that the official name of the Third Mainland Bridge is Ibrahim Babangida Bridge, but nobody remembers that; people only remember the abortion of June 12. The things men do, live with them.

It was on this Ibrahim Babangida Bridge that the presidential convoy set out en route to the airport. Jesu! Not even the president of the richest and most powerful nation on earth, Donald Trump, has such a long motorcade. From my vantage point, I counted the number of vehicles in the convoy. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 15, 20, 30, 40…Ha! Kilode? Is the president japaing? Probably to make counting difficult, the outriders zigzagged and crisscrossed. So, I stopped at 40-something.

But in the middle of the armoured pack, I saw three Rolls-Royce Phantoms, three Cadillac Escalades, three Mercedes-Benzes, three Cybertrucks and three state-of-the-art buses. None of the cars in the convoy was assembled in Nigeria, despite the government’s avowed propaganda about patronising Made-in-Nigeria goods; not even the wash towels used for cleaning the vehicles were made in Nigeria, nor the foot mats.

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Everywhere was on lockdown: air, land and sea – forcing the sun to hide behind the clouds, and birds vacated the air while the poor man’s movement was put on hold by those he voted for. Only the convoy moved. I yawned inside a Lagos BRT vehicle, wondering why the big men’s movement should stop the movement of citizens on the opposite side of the bridge.

This was when the window of one of the three buses opened, and I glimpsed Nigeria’s most recognisable cap, with its trademark chain symbol, the chain of oppression.

“Haa! Bàba Bàbá ni o! Olowo Eko ni ooo!” a youngster hawking alcoholic drinks and bottled water in traffic shrieked. “It’s the BAT, King BAT, the Lord of Lagos!” a hawker of plantain chips screamed, jumping, “I saw him! I saw him! Baba smiled and waved at me! Baba waved at me! The Asiwaju of the Universe waved at me!” A cripple, who begs in traffic, hissed and shook his head, “Una dey praise those who chain una? Ok o, make una kontiniu, una never see anything.”

The heat in the BRT was stifling, and sweat poured from skin pores. Thoughts of Nigeria flooded my mind. Since I was born and now that I am getting old, I have never seen Nigeria changeth (for good).

Inside the armoured bus, seated at the feet of the Lord of Lagos were members of his innermost circle – Noisome Winke, IdanFemi Gbabiamila, Baba Chief AdeBC, Jide-Olu, and Natasha coveter, Chief Dogswill Akpabi.

In the fleeting moment when the Lord of Lagos let down his window, I saw his gaze travel beyond the hailing roadside traders, resting on the 13-storey Senate Building of the University of Lagos, across the lagoon. I saw desire lit up in his eyes. “My name will suit the university more than its current name. What is UNILAG? Why not UNIBAT?

Winke, the ultimate bootlicker and mind reader, will not miss the opportunity to massage the ego of the Lord of Lagos. Though he cleared his throat, the frog in it would not keep silent. “Jide-Olu, don’t you think you should name UNILAG and this world’s best bridge after our personal Lord and Saviour?” Jide-Olu smiled, “No, Winke. UNILAG and the Third Mainland Bridge do not belong to the state. They belong to the centre, which is headed by our Lord and Saviour.”

Sounding more like a masquerader battling stomach upset during a market show, Winke said, “Uhmm, it doesn’t matter, you can start the call from your end – that our leader deserves the university to be renamed after him. Or does he not?” Jide-Olu, “Why not, if not? In fact, I suggest we should call on the National Assembly to name all federal universities and polytechnics after our leader. That way, the nation will save money.”

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Lord of Lagos: What do you think about these suggestions, Natasha, oh sorry, I mean, Akpabi?

Akpabi: (Smiles like a child eating ice cream, his special Ibibio accent booming loud and clear) Ha, you are our òká o. And, as our òká, iris not too much if we name Nigeria after you, I swear. Nigerians cannot reyect it. On Monday, the yoint session will rook at how we are going to do it, so that the opposition and Nigeria Rabour Congress will not begin their wahala.”

Lord of Lagos: Baba AdeBC, what do you think?

Baba AdeBC: Well, it’s not a bad idea for Nigeria to show gratefulness to her messiah and defender. I think it’s a good idea. (Baba AdeBC beams his trademark smile, which is as lifeless as the beach foam left behind on the shore by the roaring ocean)

Idanfemi: Your Excellency, you have a phone call from the US President, sir.

Lord of Lagos: Oh, connect me, Idanfemi.

Trump: How’re you doing, BAT?

Lord of Lagos: I’m doing great, Donald. Thank you. How’re you and your wonderful family?

Trump: We’re fine, and thanks for asking. Hey BAT, can I pick your brain real quick?

Lord of Lagos: Ha! No oooo; leave my brain alone o. Please, don’t pick it. My brain is old already. Ma se erekere iwo arakunrin yi. When you know you need Nigerian brains, why did you restrict your visa to three-month single entry? If you want millions of Nigerian brains, you open your borders for 24 hours and see.

Trump: No, you’re getting me wrong. I don’t mean to pick your brain literally, I mean to ask for your knowledge and advice on some issues.

Lord of Lagos: Oh, I see. Fear don catch me. I don’t want anything to touch this my political brain o.

Trump: Exactly what I’m saying! That your political brain is what I want to pick. I just saw your convoy on CNN! How do you afford such a large convoy and retinue of sycophants?

Lord of Lagos: That’s not for me to worry. The state takes care of that.

Trump: OMG! You mean the state bears the brunt of all that drain on taxpayers’ money? Are you kidding me!? I think it’s better to be president of your shithole than be president of America, seriously.

Lord of Lagos: You have come with this shithole thing again, Donald? You’re not serious.

Trump: Can you believe that as president, I pay for the food my family and I eat, I pay for drinks and clothes. I pay for private parties when I host them, I pay for gifts when I buy them for foreign dignitaries, I cover my vacation accommodations, and I pay for private events hosted outside the White House. Additionally, I pay for general household items like toilet paper, toothpaste, and garbage bags. Do you know that Bill Clinton incurred $16 million in debt for legal and personal investigation fees, which he paid over time?

Lord of Lagos: (Bursts into laughter) And you say you’re prezdent? Hahahahah! You’re prezdent indeed. Hahahaha! Yes, you’re the most powerful prezdent on earth, but are you the most indulged? Certainly, no! You’re just an administrative paper prezdent, I’m the ultimate ruler.

Trump: I wish we could trade places.

Lord of Lagos: Ha, trade places ke? No ooo! Let me be prezdent of this shithole, you continue to be prezdent of your superpower country. Stay with your democracy. I’ll stay with my empire. I don’t want to be Prezdent of America. I don’t wan die in prison, please.

Email: tundeodes2003@yahoo.com

Facebook: @Tunde Odesola

X: @Tunde_Odesolap