Bola Tinubu

By Sabiu Abdullahi

Former President Olusegun Obasanjo has criticised President Bola Tinubu’s economic reforms, arguing that the sharp depreciation of the naira has significantly reduced Nigerians’ purchasing power and worsened poverty.

Obasanjo made the remarks on Wednesday at the Financial Times Africa Summit 2026 in London, United Kingdom, where he faulted the administration’s decision to devalue the naira in 2023.

He argued that the currency’s decline had impoverished Nigerians, citing the movement of the exchange rate from about N500 to the dollar to N1,500.

The former president said, “We do not live in isolation as a country. We interact with the rest of the world. And overnight, you devalue the currency by 300 per cent. The naira went from N500 to a dollar to N1,500 to a dollar. What that meant was that every Nigerian is made poor by 300 per cent.”

Obasanjo said the situation had made Nigeria “the poverty capital of the world,” referring to the country’s large population of people living in poverty.

“You cannot say to me that that is good for Nigeria. You cannot say to me that that is good for us in any sense,” he noted.

He also questioned calls for the Tinubu administration to be given more time to implement its economic policies, saying he had yet to see meaningful improvement in the economy.

“For the economy, I don’t see anything getting better. What policies are you seeing through? You impoverish your people, and you want to see impoverishment through?” he remarked.

Obasanjo further maintained that the policies introduced by the administration were “not in the best interest of Nigerians,” adding, “Nobody can deny that.”

On petrol subsidy removal, the former president acknowledged the importance of fuel to economic activities but argued that corruption associated with the subsidy system should have been addressed first.

He said a country facing severe economic difficulties must “curb corruption, wastefulness and unnecessary luxury and produce.”

Figures cited in the report show that before the Central Bank of Nigeria unified the exchange-rate windows on June 14, 2023, the official naira-to-dollar rate stood at approximately N460.80. By October 19, the official rate had weakened to about N1,333.54, while the currency reached a low of approximately N1,607.05 in early May 2025.

Meanwhile, the National Bureau of Statistics reported that headline inflation fell to 14.63 per cent in September from 20.98 per cent a year earlier. Food inflation, however, stood at 19.59 per cent, while Nigeria’s real Gross Domestic Product grew by 4.43 per cent in the second quarter.

Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele said on August 19 that the removal of the petrol subsidy saved the government N15.8 trillion between June 2023 and December 2025.

Efforts to obtain the Presidency’s response to Obasanjo’s criticism were unsuccessful, as Bayo Onanuga, the President’s Special Adviser on Information and Strategy, could not be reached.

By Sabiu Abdullahi

A youth political support group in Cross River State, the Evidence Group, has endorsed President Bola Tinubu and Governor Bassey Otu for a second term ahead of the 2027 general elections.

The endorsement was announced on Friday during the unveiling of the group in Ogoja Local Government Area, where its Ogoja working committee was also inaugurated.

The group said it planned to mobilise grassroots support for Tinubu, Otu and other candidates of the All Progressives Congress (APC) across the state.

Speaking at the event, the group’s Director-General, Eyoma Bassey, said its mobilisation drive would cover campuses, villages, wards and polling units.

“The group is a youth based support group that rallies support for Mr President, our Governor and the APC candidates. With this initiative, we are going to different campuses, villages, wards and polling units to mobilize people to vote for the APC.”

Bassey directed the newly inaugurated committee to begin mobilisation at ward and polling-unit levels. He added that the group’s structures would require approval from its central leadership before they could be publicly announced.

He said the organisation would also promote the achievements of the Tinubu and Otu administrations as part of its campaign for their re-election.

“This gathering demonstrates the readiness of Cross River youths to mobilise support for the APC-led administration at both the state and federal levels. Therefore, we will remain proactive in selling the achievements of both President Tinubu and Governor Otu administrations to the people”, the DG said.

The group’s Ogoja Coordinator, Jude Fingha, said the chapter was prepared to work towards the APC’s victory in the 2027 elections.

He disclosed that the group had adopted the slogan “5 over 5” as part of its drive to secure electoral victories for the party’s candidates at different levels in the state.

Fingha described the initiative as an effort to mobilise support for the current administrations and urged young people to participate peacefully in politics without resorting to violence or intolerance.

“The entire purpose is to galvanise support once again and bring back the governor and others who are in line back to office by 2027,” he said.

The group’s Director of Women Mobilisation, Precious Bessong, called on women to take an active role in encouraging their families and communities to support the APC.

Bessong argued that empowering women benefits families and the wider society, urging them to promote continuity in government.

The endorsement forms part of early political mobilisation ahead of the 2027 elections, as parties and support groups begin efforts to build grassroots backing for their preferred candidates.

By Abdullahi Mukhtar Algasgaini

President Bola Ahmed Tinubu will depart Lagos for Abuja this evening, ending a six-day visit to Nigeria’s former seat of government.

Tinubu arrived in Lagos on Tuesday, September 29, after spending his annual vacation in London and Paris.

While in Lagos, the President addressed the nation on October 1 to mark Nigeria’s 66th Independence Day anniversary. Later that day, he attended the National Premiere of MKO, a documentary on the life, political struggle and enduring legacy of the late Chief Moshood Kashimawo Abiola and the historic June 12 pro-democracy struggle. The event was held at the Wole Soyinka Centre for Culture and Creative Arts.

On Sunday, President Tinubu visited the Oba of Lagos, Oba Rilwan Babatunde Akiolu, at his Iga Iduganran Palace on Lagos Island.

The President’s return to Abuja was announced in a statement by Bayo Onanuga, Special Adviser to the President (Information & Strategy).

By Sabiu Abdullahi

Eight members of the Zamfara State House of Assembly have resigned from the All Progressives Congress (APC), citing worsening insecurity, alleged injustice and the failure to pay their salaries and allowances.

The lawmakers announced their decision in a statement on Sunday, accusing the party and the state administration of failing to adequately address security challenges affecting residents across the state.

Those who resigned are Aliyu Kagara, representing Talata Mafara South; Ibrahim Bakura, representing Bakura; Faruk Dosara, representing Maradun I; and Bashir Masama, representing Bukkuyum North.

Others are Muktaru Kaura, representing Kaura North; Nasiru Abdullahi, representing Maru North; Bashar Bello, representing Bungudu West; and Bashar Aliyu, representing Gummi I.

The lawmakers also cited what they described as a worsening welfare situation affecting them and their constituents.

Kagara said the lawmakers had gone 32 months without receiving salaries, allowances and other entitlements.

“This is our 32 months without salary, allowances and other entitlements as honourable members and the people of Zamfara; the ball is in their court,” he said.

He added, “Whether they enjoy what is happening or not, they are in the best position to take action, and they need not be told.”

Kagara also accused the administration of Governor Dauda Lawal of failing to adequately address insecurity, particularly in rural communities.

“What we are challenging Governor Lawal’s administration about is even worse now compared to previous times, so we have seen no reason to continue remaining in the APC,” he said.

“Our constituents in rural areas who voted us into power to address their security concerns were not being given any attention.”

However, the APC said it had not received official copies of the lawmakers’ resignation letters.

The party’s Publicity Secretary in Zamfara, Ibrahim Birnin-Magaji, said the APC had only seen the letters on social media and was awaiting official communication through the lawmakers’ respective political wards and local government executives.

“We are still waiting for their correspondence from their respective political wards after reaching their local government executives, which would later be forwarded to us,” Birnin-Magaji told Daily Trust.

The APC spokesperson added, “We all saw it on social media platforms, but whenever we receive the copies officially, we would communicate with you on our stand.”

According to Birnin-Magaji, the party was not aware of any grievances from the lawmakers before the resignation letters emerged.

The lawmakers were reportedly suspended by the APC before their resignation over allegations that they attempted to remove the Speaker of the state House of Assembly about a year ago.

By Uzair Adam

President Bola Ahmed Tinubu has outlined what he described as key economic achievements recorded since the beginning of his administration, saying Nigeria has reached a new phase of economic recovery and growth.

Speaking during his Independence Day broadcast on Thursday, the President said recent indicators showed signs of improvement in the nation’s economy, citing growth of over four per cent in 2026 driven by both oil and non-oil sectors.

Tinubu also highlighted reductions in oil theft, a decline in inflation from previous highs, improved foreign reserves and stability in the foreign exchange market.

According to him, Nigeria generated more than six billion dollars in non-oil export earnings in 2025, which he described as the highest figure ever recorded by the country.

“These are not idle claims,” the President said, adding that international organisations, development partners, journalists and civil society groups had acknowledged Nigeria’s improving economic resilience.

Tinubu declared that the period of emergency economic reforms had ended, noting that the government had laid a solid foundation for future growth.

“The emergency treatment is over. The foundation has been repaired,” he said.

He explained that the administration’s next priority would be ensuring that economic growth translates into better living conditions for Nigerians through affordable food, reliable electricity, improved transportation, easier access to credit and more employment opportunities.

The President said government policies would focus on lowering production and transport costs, expanding agricultural activities through mechanisation and improving critical infrastructure such as roads, rail lines, ports and storage facilities.

He also pledged support for industrial development through increased gas supply to industries, revival of factories, expansion of digital infrastructure and improved financing for businesses.

Tinubu acknowledged the economic challenges facing many Nigerians, including rising costs of food, education, healthcare and transportation, but assured citizens that social intervention programmes would continue alongside long-term development efforts.

“Our objective is not to manage poverty more efficiently. We will defeat it,” he said.

The President added that Nigeria had moved into what he described as a new era of prosperity and called on citizens to remain hopeful and work collectively towards national progress.

By Uzair Adam

President Bola Ahmed Tinubu has outlined what he described as key economic achievements recorded since the beginning of his administration, saying Nigeria has reached a new phase of economic recovery and growth.

Speaking during his Independence Day broadcast on Thursday, the President said recent indicators showed signs of improvement in the nation’s economy, citing growth of over four per cent in 2026 driven by both oil and non-oil sectors.

Tinubu also highlighted reductions in oil theft, a decline in inflation from previous highs, improved foreign reserves and stability in the foreign exchange market.

According to him, Nigeria generated more than six billion dollars in non-oil export earnings in 2025, which he described as the highest figure ever recorded by the country.

“These are not idle claims,” the President said, adding that international organisations, development partners, journalists and civil society groups had acknowledged Nigeria’s improving economic resilience.

Tinubu declared that the period of emergency economic reforms had ended, noting that the government had laid a solid foundation for future growth.

“The emergency treatment is over. The foundation has been repaired,” he said.

He explained that the administration’s next priority would be ensuring that economic growth translates into better living conditions for Nigerians through affordable food, reliable electricity, improved transportation, easier access to credit and more employment opportunities.

The President said government policies would focus on lowering production and transport costs, expanding agricultural activities through mechanisation and improving critical infrastructure such as roads, rail lines, ports and storage facilities.

He also pledged support for industrial development through increased gas supply to industries, revival of factories, expansion of digital infrastructure and improved financing for businesses.

Tinubu acknowledged the economic challenges facing many Nigerians, including rising costs of food, education, healthcare and transportation, but assured citizens that social intervention programmes would continue alongside long-term development efforts.

“Our objective is not to manage poverty more efficiently. We will defeat it,” he said.

The President added that Nigeria had moved into what he described as a new era of prosperity and called on citizens to remain hopeful and work collectively towards national progress.

By Abdullahi Mukhtar Algasgaini

Energy policy expert Izielen Agbon claims the Tinubu government intends to reduce federal ownership of the Nigerian National Petroleum Company Limited to a minority 35% stake shortly after the 2027 general election, warning it would effectively privatise the nation’s oil resources.

Speaking at a webinar organised by the Alliance on Surviving COVID-19 and Beyond (ASCAB) and chaired by human rights lawyer Femi Falana (SAN), Agbon said the alleged plan dates back to 2023 and would see the government’s controlling stake in NNPCL transferred to private investors once electoral pressure has passed.

“The Tinubu government is planning to sell the shares of NNPCL immediately after the election,” Agbon said. “The plan they made in 2023 was that after the election, before 2030, they are going to sell the shares of NNPCL to private investors… so that the government will only own 35% of the shares.”

He described the intended model as one already applied to Nigeria LNG (NLNG), where international oil companies hold a 51% majority stake. “They call it the energy model,” he said. “They claim that the Nigerian liquefied gas model is sufficient because the government owns less than 50%.”

Agbon outlined NNPCL’s current ownership structure under the Petroleum Industry Act (PIA), with 50% held by the Ministry of Finance Incorporated and 50% by the Ministry of Petroleum Resources, a portfolio held by the President. He said the company is presently “100% owned by the Nigerian government.”

He warned that selling shares to private hands would amount to privatising the nation’s resources, given NNPCL’s statutory role in managing government oil revenues. “If you control NNPCL and the law says NNPCL is the one in charge of all our government resources, then you actually have access to our government resources,” he said. “That will be very, very terrible for us. Because we will have no government-owned oil-producing company, no government-owned refinery… Anything belonging to NNPCL will be privatized.”

Agbon alleged that opacity has shielded similar arrangements from scrutiny, pointing to NLNG as a precedent. “Nobody hears about all this corruption with our LNG because it’s run by private sector business,” he said.

Falana, responding to the presentation, said the alleged plan was not new but should be elevated as a campaign issue ahead of the 2027 election. He also disputed aspects of the NLNG comparison, stating that Nigeria owns 49% of NLNG shares while IOCs hold 51%.

He added that while 95% of NLNG’s staff are Nigerians, dividend accounting has remained contentious. “The federal government, or rather the NNPC, collects the dividends on behalf of Nigeria. It has always stolen. That money is not paid into the federal account,” Falana alleged, citing NEITI’s repeated position that the funds ought to be paid into the federation account.

Falana said NLNG has made about $49 billion in dividends, with only about $22 billion reaching the federal government.

Agbon called for the matter to be forced onto candidates ahead of the 2027 election, alongside demands for lower petrol prices and a higher minimum wage. “There is a need for us to stop and use this opportunity, not only to fight to sell lower petrol prices, but to fight them to increase minimum wage, and to fight them to say you cannot sell the shares of NNPCL,” he said.

He described the company’s assets as the inheritance of the Nigerian people. “It’s not for sale. People are just elected to be leaders for four years, at maximum eight years. You cannot sell the whole house because you’ve been elected to serve the people for eight years.”

By Sabiu Abdullahi

African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has accused President Bola Tinubu’s administration of worsening poverty and economic hardship in Nigeria.

Atiku said he would continue to challenge the policies of the Tinubu administration, arguing that they had reduced Nigerians’ purchasing power.

The former vice-president made the remarks in a statement issued by his media aide, Phrank Shaibu, amid an ongoing political dispute over criticism of the President.

Atiku said: “A President who can inflict this much pain on Nigerians should be able to survive hearing his own name.

“If Tinubu feels disrespected by being called his own name, he should imagine how Nigerians feel after being stripped of their purchasing power, crushed by inflation and instructed to endure hardship while those in power live extravagantly at public expense.

“Respect for the presidency cannot be demanded through intimidation. It must be earned through competent leadership, compassion and results.

“And he certainly does not have to wait for the campaign trail before demanding relief for millions of Nigerians whom Tinubu’s policies have pushed into poverty.

“Opposition is not seasonal. Accountability does not observe an electoral timetable.

“If Tinubu’s government can impose hardship every day, Atiku has the right to challenge it every day.

“Only people insulated from hardship by public funds could describe the daily misery of millions as “transient discomfort.”

“For the hungry child, this is not discomfort. For the bankrupt trader, this is not reform. For the unemployed graduate, this is not a foundation. It is failure.

“Tinubu removed the petrol subsidy without a coherent plan to protect Nigerians from the consequences.”

The former vice-president’s comments come amid continuing political exchanges between the Tinubu administration and opposition figures over the impact of the government’s economic reforms.

Atiku is expected to contest the 2027 presidential election on the ADC platform, while the Tinubu administration has maintained that its economic reforms are intended to address structural problems and place the economy on a stronger footing.

By Abdullahi Mukhtar Algasgaini

President Bola Ahmed Tinubu on Friday ordered a full and transparent investigation into the deaths of suspected illegal miners detained by the Nigeria Security and Civil Defence Corps (NSCDC) after enforcement operations around Lt. Gen. Mohammed Inuwa Wushishi Estate in Minna, Niger State.

Tinubu, in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, said the life of every Nigerian matters and that no citizen should lose his life in government custody due to negligence, abuse, inhumane treatment or dereliction of duty.

He expressed deep concern over the reported deaths, describing the development as a grave matter requiring urgent investigation and accountability.

“While the Federal Government would continue to combat illegal mining and other criminal activities across the country, enforcement operations must be conducted strictly within the law and with full respect for the dignity and fundamental rights of every person in custody,” the President said.

He added that suspicion of illegal mining does not remove a person’s right to life, dignity and humane treatment while in government custody.

“Government will not tolerate mass deaths arising from official negligence, dereliction of duty or failure by public officials to protect the lives placed under their care,” Tinubu said.

He directed that any official found to have contributed to the deaths through action, abuse or negligence must be arrested and prosecuted in accordance with the law. “There must be accountability,” he said.

The President directed relevant authorities to ensure the investigation is comprehensive, transparent and unhindered, covering the circumstances of the arrests, the condition of the detainees when taken into custody, the conditions under which they were detained, the number of persons held, the medical attention provided and the events leading to their deaths.

He also said the suspension of officers is only an administrative step and must not substitute for a proper determination of criminal responsibility where evidence warrants prosecution.

Tinubu directed the Ministry of Interior and the NSCDC leadership to cooperate fully with all relevant investigative authorities and ensure that no officer interferes with the process or attempts to frustrate the establishment of the truth.

He extended condolences to the families of the deceased and prayed for the repose of their souls. He also appealed for calm among affected families and communities, assuring them that the Federal Government would pursue the truth and take appropriate action based on credible evidence.

“We must never allow the pursuit of one form of illegality to create another. The government must enforce the law firmly, but it must also obey the law. The sanctity of human life is non-negotiable,” he said.

By Sabiu Abdullahi

The Independent National Electoral Commission, INEC, has released the final list of 18 presidential candidates and their running mates for the January 2027 presidential election.

The list, titled “Presidential and National Assembly Elections for Jan, 2027 – Presidential Final List of Candidates”, was signed by the commission’s Secretary, Rose Oriaran-Anthony.

Among the major contenders listed by the electoral commission are Atiku Abubakar of the African Democratic Congress, ADC; President Bola Tinubu of the All Progressives Congress, APC; Peter Obi of the Nigeria Democratic Congress, NDC; and Omoyele Sowore of the African Action Congress, AAC.

Atiku is paired with former Minister of Transportation, Rotimi Amaechi, as his running mate, while Tinubu will contest alongside Vice-President Kashim Shettima.

Obi’s running mate is former Kano State Governor, Rabiu Kwankwaso, while Sowore is paired with Haruna Magashi.

Other candidates on the list include Rufai Omo-Aje of the Action Alliance, AA; Abbas-Bin Aliyu of the Action Democratic Party, ADP; Yusuf Kabiru of the Allied Peoples Party, APP; Seyi Makinde of the Allied Peoples Movement, APM; and Adenuga Sunday of the Boot Party, BP.

The commission also listed Adebisi Olusoji of the Democratic Leadership Alliance, DLA; Sunday Okereke of the Labour Party, LP; Ada Okwori of the National Democratic Party, NDP; and Nkem Okereke of the National Rescue Movement, NRM.

Former Delta State Governor, Donald Duke, will represent the Peoples Redemption Party, PRP, while Adewole Adebayo is the presidential candidate of the Social Democratic Party, SDP.

The remaining candidates are Peter Agada of the Young Progressives Party, YPP, and Daniel Nwanyanwu of the Zenith Labour Party, ZLP.

The final document provides details about the candidates and their running mates, including their ages, gender and academic qualifications.

INEC has fixed January 16, 2027, for the presidential and National Assembly elections.

The governorship and state Houses of Assembly elections are scheduled for February 6, 2027.