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Atiku blasts President Tinubu over economic policies, says Lagos-Calabar Coastal Road done purely because of Tinubu’s business relationship with Gilbert Chagour.

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In a statement released by Atiku’s media adviser, Paul Ibe, on Sunday, Atiku alleged that the Coastal Highway project is being expedited solely due to the business ties between President Tinubu and Gilbert Chagoury, the owner of Hitech, the contractor responsible for the highway project.

– Atiku said the contract was granted in violation of procurement regulations.

– Atiku disclosed that the involvement of President Bola Tinubu’s son and his associates on the boards of companies belonging to Gilbert Chagoury presents a clear conflict of interest.

– Atiku also claimed that Tinubu’s son, Seyi Tinubu, is a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, which manufactures ceramic tiles and sanitary towels.

– Atiku added that instead of enhancing the ease of doing business, the Tinubu government had allegedly demonstrated to the global community that his business endeavours and those of his family would consistently take precedence over national interests.

– Atiku claimed that project that is being done with more than $13bn was awarded without competitive bidding.

– Atiku also claimed that the ‘so-called’ Badagry-Sokoto highway would be awarded similarly at an enormous cost to taxpayers purely because Tinubu has put his interest ahead of the Nigerian people.

– Atiku said the demolition of tourist and recreational facilities and other properties within the Oniru corridor, including parts of Landmark, without ample notice, is one of the reasons foreign direct investments continue to elude the country.

– Atiku said that in more orderly environments, establishments like Landmark would have been provided with a minimum of two years’ notice to facilitate proper planning.

– The former PDP presidential candidate mocked Tinubu who has been globetrotting in search of foreign direct investments. Atiku said Tinubu claims to have secured over $30 billion from various companies, but none has been forthcoming.

Rather, all manufacturing firms have been posting heavy losses while some are exiting due to his poorly implemented exchange rate unification policy with even Aliko Dangote describing it as a huge mess at the recent annual general meeting of Dangote Sugar Refinery.

– Atiku also added that the awarding of the Lagos-Calabar coastal highway was rushed.

He said the environmental impact assessment report was not even completed and the right of way for the 700 km stretch of the highway project was not secured.

– Atiku said the project was converted from a PPP to a government-funded project within the twinkle of an eye.

– Atiku also revealed that the N500m that was approved by the National Assembly for the project was ignored, while over N1tn was released by Tinubu’s administration without approval from the National Assembly.

 

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Politics

House Approves 2025-2027 MTEF

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November 27, 2024

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House Approves 2025-2027 MTEF
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The House of Representatives has passed the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2025 to 2027 as submitted by President Bola Tinubu.

This followed the consideration and approval of the recommendations of the Joint Committee on Finance and National Planning which laid its report at Wednesday’s plenary.

The House adopted the projected oil benchmark prices pegged at 75 dollars per barrel for 2025, as well as 76.2 dollars and 75.3 dollars per barrel for 2026 and 2027.

Domestic Crude Oil Production Projections for 2025 is put at 2.06 million barrels per day representing a significant increase from 1.78 million barrels per day in the current year.

GDP growth rate is projected at 4.6, 4.4 and 5.5 percent for 2025 to 2027, respectively, while the projected exchange rate is pegged at 1,400 Naira to the US Dollar for years 2025, 2026 and 2027

The MTEF projections aim towards a realistic and sustainable foundation for Nigeria’s budget planning over the next three years.

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Politics

President Bola Tinubu has departed Abuja for Paris on a state visit in honour of an invitation from President Emmanuel Macron.

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7 hours ago

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November 27, 2024

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President Bola Tinubu has departed Abuja for Paris on a state visit in honour of an invitation from President Emmanuel Macron.
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The president is on the trip alongside first lady, Oluremi.

They were seen off by top government functionaries led by secretary to the government of the federation, George Akume, chief of staff, Femi Gbajabiamila.

The presidential zero-one-one air plane took off at about twenty minutes past eleven this Wednesday morning.

A statement by the presidential adviser on information and strategy, Bayo Onanuga reveals that, the Nigerian leader’s three-day visit, which will focus on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, promises significant benefits for Nigeria.

President Tinubu and his wife, are expected to be received on Thursday at the French military museum, Les Invalides and Palais de l’Élysée, by the host president, Macron and his spouse, Brigitte, for initial ceremonies that will dovetail into bilateral meetings.

The two presidents are also to harmonise positions on stimulating more interest in exchange programmes that focus on skill development for youths and improving their competencies in automation, entrepreneurship, innovation, and leadership.

Both leaders will witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.

Wife of the host president, Brigitte and Nigeria’s First Lady are also scheduled to discuss the Renewed Hope Initiative and the interest for empowering women, children, and the most vulnerable in Nigeria.

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Politics

PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS

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9 hours ago

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November 27, 2024

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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS
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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS

President Bola Ahmed Tinubu has approved the appointment of Jami’u Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters.

A statement by Segun Imohiosen, Director, Information & Public Relations Office the
Secretary to the Government of
the Federation says the appointment takes effect from 14th of this month. It adds that the appointment is in line with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended.

It notes that until the appointment, Jami’u served as the Special Assistant to the President on Special Duties in the Office of the Vice President.

President Tinubu tasks the appointee to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new assignment.

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