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Tinubu’s economic reforms are yielding fruits- Minister of Information, Mohammed Idris, says

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1 year ago

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The Federal Government says the economic reforms of President Tinubu are yielding results. In a statement released on Friday February 23, the Minister of Information and National Orientation, Mohammed Idris, said reforms such as the removal of fuel subsidy as well as the unification of the foreign exchange rate are yielding results.

 

He pointed out that the removal of fuel subsidy has led to the drop of petrol importation by fifty percent. He also mentioned that following the removal of fuel subsidy, monthly receipts by States from the Federal Accounts Allocation Committee (FAAC) have surged, giving governments at all levels billions of Naira in extra headroom to deliver the dividends of democracy to Nigerians.

 

‘’It is heartwarming to note that we are starting to see the results. Indeed, the naira is stabilizing, and the foreign exchange market is seeing a surge of inflows. The latest NBS figures show that capital importation into Nigeria rose by over 66 percent in Q4 2023, compared with the preceding quarter. The CBN Governor has also highlighted the fact that $1.8 billion flowed into the forex market last week, on the back of the new reforms.”

Idris pointed out that sadly, as with any effort to reform and sanitise a system entrenched in long-term malpractice, the CBN’s efforts have been met with ferocious resistance from speculators and other unscrupulous players within and outside the country, who profit from dysfunction and opacity.

‘’To tackle this, regulatory and enforcement agencies of government have been working round the clock in the past few days, joining forces to address these efforts at undermining the reforms. That strategic alliance has led to the intelligence-led identification, investigation and sanctioning of individuals and organizations involved in illegal activities and sabotage within the forex market.

Relevant regulatory and security agencies have been directed to remain vigilant to ensure that malpractices capable of undermining our currency are averted and that those engaged in these acts are brought to book. The government will not allow its efforts to be jeopardised. The emerging stability of the naira is in the interest of all Nigerians.” he said

Idris added that Nigerians should be rest assured that the government will continue to take further steps to stabilize the naira and safeguard our economy.

‘’We will continue to seek the patience and understanding of Nigerians as we push through these difficult times, into a season of abundant benefits and truly renewed Hope. As the President never fails to emphasize, these headwinds we are facing are only temporary, and, collectively, we will surely overcome. The President and his team are and will remain resolutely committed and focused on the task of bringing immediate relief and enduring prosperity to all Nigerians.” he said

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Politics

This is an abuse of power, Soludo cannot hold democracy hostage in Anambra by imposing illegal and undemocratic fee of N50m for campaign billboard advert— Moghalu Campaign organization ‎

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4 minutes ago

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June 14, 2025

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‎Governorship candidate in the upcoming Anambra state election, Chief George Moghalu of the Labour Party and his campaign organizers described the N50m advert levy imposed on candidates contesting the election as extortion.
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‎In a statement released on Thursday, the campaign organisation said it rejected the decision. According to the statement signed by Dr. Ikenna Agu, Director, Media and Publicity “The George Moghalu Campaign Organisation (GMCO) condemns in the strongest possible terms the outrageous and undemocratic imposition of a N50 million campaign billboard fee by the Anambra State Signage and Advertisement Agency (ANSAA), under the directive of Governor Charles Soludo’s administration.
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‎”This illegal directive is nothing short of a well-calculated attempt to muzzle opposition voices, entrench tyranny, and commercialize our democracy to serve the narrow interests of the ruling party”
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‎”The action by ANSAA, which demands an extortionist N50 million from each of the 16 governorship candidates before they can legally advertise their campaigns, is a shameful assault on the fundamental democratic principles of fairness, inclusivity, and equal opportunity”
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‎”This illegal levy is a direct attack on our democracy and must be resisted by all well-meaning Anambrarians and lovers of freedom”
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‎”Let it be made clear: Governor Soludo and his agents cannot use state power to gag other candidates. They cannot use financial roadblocks to eliminate competition. They cannot hold democracy hostage in Anambra”
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‎They demanded for the immediate reversal of what they tagged “oppressive directive” stating that If the Soludo government has any respect for democratic values, it should allow all candidates to access campaign infrastructure on an equal and affordable basis, as guaranteed under the electoral laws and the constitution of the Federal Republic of Nigeria.
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‎The George Moghalu Campaign Organisation called on INEC and the Advertising Regulatory Council of Nigeria (ARCON), civil society organisations, and the international community to intervene swiftly and hold Governor Soludo’s government accountable for what they see as an “abuse of power”
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PRESIDENT TINUBU RESCUED NIGERIA’S ECONOMY FROM THE TIPPING POINT—- Gov Chukwuma Soludo

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6 hours ago

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June 13, 2025

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Governor Chukwuma Soludo of Anambra State has declared that President Bola Tinubu’s administration salvaged Nigeria’s public finances from the brink of collapse.

In an address delivered on June 12 at The Platform Nigeria, hosted by Pastor Poju Oyemade and The Covenant Nation, Governor Soludo praised President Tinubu’s economic reforms. He called for a nationwide ethical and ideological rebirth to drive sustainable national development.

Speaking on the theme “Rebuilding Our Nation,” Soludo urged political parties across the country to unite along ideological lines as a first step toward a new, issue-based political culture.

“The audacious structural reforms embarked upon by the current administration of HE Bola Ahmed Tinubu have rescued the economy from the tipping point.”

 

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Politics

Peter Obi manipulative liar, playing Yahoo Plus on Nigerians – Reno Omokri

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6 hours ago

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June 13, 2025

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Former presidential aide, Reno Omokri, on Friday described ex-Labour Party presidential candidate, Peter Obi, as a liar who uses fake figures to manipulate Nigerians.

Omokri said Obi relied on the ignorance of Nigerians regarding facts to “play Yahoo Plus” on them.

He was reacting to Obi’s claim that President Bola Tinubu’s administration has borrowed more than previous governments.

Reacting, Omokri described Obi’s assertion as part of a long string of falsehoods attributed to his name.

Posting on X, Omokri wrote:
“Yesterday, during his Democracy Day address, Peter Obi, ever the manipulator, used the Naira equivalent of our total public debt to deceive Nigerians and make it seem as though President Bola Tinubu had increased our debt. Actually, Peter Obi lied, and when he lies, he speaks his native language.

“Yes, in Naira terms, our total public debt looks as if it has increased. That is because the floatation of the Naira by President Bola Tinubu and the withdrawal of the $1.5 billion used to subsidise the Naira monthly by the Buhari regime made the Naira drop from between N450 to N550 to $1, to about N1565 today.

“Peter Obi knows this. But he is a liar and manipulator, who counts on your ignorance of the fact to play Yahoo Plus on you.”

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