Abuja
Presidency: Two Years Insufficient To Judge Tinubu’s Administration
Presidency: Two Years Insufficient To Judge Tinubu’s Administration
Presidency: Two years insufficient to judge Tinubu’s administration. According to him, many companies are now investing and producing in Nigeria.
Bayo Onanuga, special adviser on media and information strategy to President Bola Tinubu, says Nigerians will soon experience a reduction in the cost of living, as the effects of the administration’s economic reforms start to materialise
Speaking to journalists in Lagos on Sunday, Mr Onanuga stated that the positive effects of Mr Tinubu’s policies would soon be felt across all segments of the nation.
Mr Onanuga highlighted that Mr Tinubu had not only introduced progressive reforms but had also tackled challenges that previous administrations avoided.
He added that two years is an insufficient yardstick to fully measure the administration’s achievements, noting that policy experts typically assess the impact of policies over a period of 10 years to 12 years.
“The President’s years in office began with clear policy directions and implementation.
“A lot of reforms have taken place across sectors. The president has laid down many fundamentals that would ensure growth,” he stated.
He acknowledged that while the positives of the president’s actions over the past two years were gradually trickling down, a significant paradigm shift had occurred in the economy, addressing many pre-existing problems.
Mr Onanuga, while referring to the situation before the subsidy removal, said, “There was no fuel. Many stations were saying no fuel, no fuel.
“What was happening at that time was that the NNPC had reached the bottom point. It had no money to import fuel, it claimed that it was owing suppliers about six billion dollars and the government was owing it about four trillion dollars. So, it could not import any more.”
Addressing concerns about borrowing, Mr Onanuga clarified that it is a common practice globally, with even countries like the U.S. engaging in it.
Tinubu Government
“Nigeria has abundant resources that we are harnessing, but not as much readily available money as people might think,” he explained.
He stressed that borrowed funds were not squandered but rather used for their intended purposes, citing large-scale projects like the coastal roads that necessitate external financing due to their immense benefits.
Regarding currency devaluation, Mr Onanuga explained that it is a universal economic principle, citing instances where even the UK and the U.S. have resorted to it.
“Even UK and the U.S. at some point devalued. These are economic principles that are universal and cannot be changed because it is Nigeria,” he asserted.
He added that the government had made tough decisions and simultaneously created opportunities through infrastructure development, noting that many ongoing road constructions were not initially part of the budget.
Mr Onanuga further stated that Nigeria had seen an increase in production and a rise in disposable income.
He pointed to companies like Nestle and Nigerian Breweries, which initially faced challenges but were now sourcing materials locally and reporting profits.
“This economy has opened up opportunities in many forms for Nigerians. Those who can really exploit it. And they are making money,” he emphasised, giving examples of individuals making profits from exporting agricultural products like cocoa and even Zobo.
According to him, many companies are now investing and producing in Nigeria, and these positive shifts will soon become evident and tangible for all Nigerians.
Mr Onanuga stressed the importance of public understanding of the economic context, saying, “We don’t do our people any good when we keep on pushing stories of gloom and doom without allowing them to see the truth, without allowing them to see the context, and without allowing them to know that there’s actually light at the end of the tunnel.”
FCTA Confirms Antivenom Stock, Warns Negligent Hospitals, Gives Emergency Lines
FCTA confirms antivenom stock, warns negligent hospitals, gives emergency lines. The FCTA said all public hFCTA confirms antivenom stock, warns negligent hospitals, gives emergency linesospitals have sufficient antivenom after singer Ifunanya Nwangene’s death at FMC Jabi. Dr. Adedolapo Fasawe warned facilities to follow protocols or face sanctions, stressing that early treatment is critical.
FCTA
The territory has added 12 ambulances, improved ICUs, and centralized antivenom storage.
Residents are urged to use emergency lines 090157892931 or 090157892932.
FCT Police Warn NLC Against Planned Abuja Protest, Say Proscribed Groups Plot To Hijack
FCT Police warn NLC against planned Abuja protest, say proscribed groups plot to hijack. The Federal Capital Territory (FCT) police command has warned the Nigeria Labour Congress (NLC) against its planned protest scheduled for Tuesday in Abuja, the nation’s capital.
The NLC leadership had fixed February 3 for a solidarity rally along with members of the Trade Union Congress of Nigeria and the Joint Union Action Committee (JUAC) at the Federal Capital Development Authority (FCDA) secretariat in Garki Area 11.
The NLC declared that the rally is to publicly affirm that “an injury to one is an injury to all”, adding that the Nigerian labour movement will not abandon its members.
On January 24, the labour body declared support for the indefinite strike by workers of the Federal Capital Territory Administration (FCTA), describing the action as “necessary and heroic” in response to alleged violation of workers’ rights.
In a statement, Joe Ajaero, NLC president, said the labour union stood “in very strong solidarity” with FCTA workers under the aegis of JUAC.
Ajaero described the strike as “a necessary and heroic response to a vicious cocktail of neoliberal attacks, gross administrative impunity, and a systematic violation of the fundamental rights of workers by the FCTA management and its political leadership”.
However, in a statement on Monday, Josephine Adeh, FCT police spokesperson, said the command respects the constitutional right to peaceful assembly, but noted that intelligence reports indicate “plans by proscribed groups and other non-state actors to infiltrate and hijack the protest, posing a risk to public peace and safety”.
Adeh said in the interest of public safety, the organisers should consider rescheduling the protest to prevent any breakdown of law and order and to protect lives, property, and the rights of other residents.
Police
“The Command remains committed to safeguarding all lawful activities and urges residents to continue cooperating with security agencies to keep the FCT peaceful and secure,” the statement reads.
Meanwhile, the national industrial court has reportedly issued an interim order restraining the NLC, TUC and JUAC from embarking on the planned protest.
The court had earlier ordered workers on the payroll of the FCT administration to suspend the strike.
Emmanuel Subilim, the presiding judge, held that although the matter before the court amounted to a trade dispute, the defendants’ right to embark on industrial action was not absolute.
Akwa Ibom Indigenes Protest RMAFC Meeting, Warn Against Tampering With State’s Oil Wells
Akwa Ibom indigenes protest RMAFC meeting, warn against tampering with State’s Oil Wells. Akwa Ibom indigenes resident in Abuja on Tuesday stormed the venue of a meeting of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), where the Inter-Agency Technical Committee (IATC) on Disputed/New Oil Wells was sitting, to protest what they described as attempts to reopen a matter already settled by the Supreme Court.
The protesters cautioned that no individual or agency should tamper with Akwa Ibom State’s 76 oil wells, stressing that the ownership of the wells was conclusively determined in favour of the state by the Supreme Court in 2012.
They insisted that any move to revisit the issue through administrative or technical processes would amount to a disregard for the authority of the apex court and could undermine peace in the Niger Delta region.
Akwa Ibom State was formally represented at the IATC meeting by a high-powered delegation comprising leading legal practitioners, government officials and technocrats. Members of the delegation included Paul Usoro, SAN; Assam Assam, SAN; the Attorney-General and Commissioner for Justice, Uko Udom, SAN; Uwemedimo Nwoko, SAN; Emmanuel Enoidem, SAN; and a former Attorney-General of Akwa Ibom State.
Akwa Ibom Indigenes Protest RMAFC Meeting
Also on the state’s delegation were the Commissioner for Finance, Mr Emem Bob, Former Attorney General and Commissioner Justice, Barr. Ekpenyong Ntekim; the Commissioner for Information, Dr. Aniekan Umanah; Honourable Member representing Ikot Ekpene Federal Constituency, Dr Patrick Umoh, among others.
The delegation is expected to present Akwa Ibom State’s position before the committee, reiterating that the Supreme Court judgment remains final and binding, and urging all relevant federal agencies to respect and uphold the ruling.
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