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2019 presidency: Atiku is my friend – Tinubu issues statement ahead of Saturday poll

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The National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has admitted that presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, is his friend.

However, in a long statement forwarded to DAILY POST, Tinubu made it clear that he was backing APC’s candidate, President Muhammadu Buhari, to win Saturday’s election.

The former Lagos state Governor also went on to pick holes in Atiku’s economic plans for Nigeria, but praised the achievements of the incumbent government.

“The future is uncertain until we enter it. February 16 is Election Day and on that day Nigeria shall step into its future. How you vote on that day will determine whether we walk into the future in a manner that guides our subsequent steps toward the national greatness that calls to us or will we walk into it backwards as if feebly trying to reinvent the past.

“One road leads to a certain replay of the economic injustices of the past. It is a road well-worn with familiar pitfalls and setbacks built into the very nature of it. The other road provides the truest, brightest chance for us to enter into our hopeful future but only if we are brave enough to believe in our capacity to improve our nation.

“This election is more than a contest between two men, President Muhammadu Buhari and former VP Atiku Abubakar, for that one exalted chair. The election is nothing less than a historic encounter pitting one vision and version of our future against another.

“Since walking backwards has never appeared to me as an efficient or responsible way for a person to proceed, let alone for a nation to surmount the difficult obstacles that nations must overcome, I cannot find much good in the policies and programs announced by the PDP.
Former VP Atiku misappropriated his eight previous years in high office. His occupancy of high office was best characterized by low deeds. Self-enrichment occurred at lightning speed but social welfare moves slower than a dousing snail.

“Just a few weeks ago, Atiku offered his vision of the economy when he said that enriching his friends would be an appropriate objective of any government he led. At best, patronage is a regrettable and necessary reality of politics that should be severely curtailed. But Atiku goes in the opposite direction. He bypasses patronage to brazenly elevate the much greater evil of cronyism from the shadows to make it the central plank of his national economic policy.

“Look, I have made no attempts to hide my friendship with Atiku. We were friends before this election and hopefully we will be friends after February 16 when he goes into retirement. Despite our friendship, I must say the type of enrichment of friends he envisions does not recommend itself to me. It is unjust and impoverishes all but a handful of Nigerians. I want no part of such enrichment for my love of Nigeria and its people is far greater and deeper than my friendship with Atiku. For the good of Nigeria and even the good of Atiku himself, we do well to send him into retirement on Saturday.

“Here I must relate a comment a friend recently made that shows the wide difference between the two parties and their presidential candidates. My friend observed that if you make a deal with President Buhari, you can always be sure of his intention to follow through. Do the same with Atiku, he said, and prepare yourself for disappointment.
Atiku is not alone in his disregard for the common man. Such disregard is the true brand name of the PDP and its powerful, rich allies.

“Several weeks ago during a television interview, Atiku’s Chief Economic Advisor Chike Obi intimated a strong preference to discontinue the social welfare payments the Buhari government established for the poorest of the nation’s poor. Obi’s rationale was that the nation could not afford to offer even this modest safety net. While in Obi’s eyes a nation possessed of the abundant material wealth of Nigeria could ill afford to give its poorest citizens enough naira merely to survive, Obi’s boss was reveling that he would further enrich already wealthy cronies. Obi was completely wrong that the nation does not have sufficient resources while his boss was utterly wrong in how he would use that abundance to fatten the wallets of his friends while leaving the pockets of the masses lean and empty.

“Perhaps, we should also send Obi into retirement along with his boss come February 16. Perhaps together they might manage to discover the place where they might learn compassion for the common man.

“Just this week, Atedo Peterside, a banker prominent in PDP circles, published a bewildering lament professing he could not understand why, even in his latest polls, President Buhari maintained a marked lead over Atiku. In essence, Peterside was griping that the people are not wise enough to make up their own economic minds. They would be better off if they allowed him to substitute his judgment for theirs.

“Peterside’s article was written with the desperate yet arrogant frenzy of those who fear their unjust economic privilege is swiftly unraveling. They fiercely clutch to their position yet the castle they have built in the clouds is crumbling into dust then to vanish into vapor. The clock now tolls midnight on their system economic elitism.

“His answer to our economic challenges was to shrink and restrain government from being the active catalyst toward a diversified economy that assured broadly-shared prosperity through the just allocation of wealth and reward according to sweat and toil put forth by the Nigerian people. He proposed an economy that essentially was a free-for-all. If the past has taught anything, is that such an economic free-for-all is never free for most.

“It is merely a license for the powerful and wealthy to do as they might while the poor and modest endure what they must.

“Like Atiku, this PDP banker advocates an economy that gives free vent to the wealthy. The freedom enjoyed by the wealthy is paid for by a heavy tax on the wages and work of the average person. Essentially, the PDP seeks an economy that provides the welfare of riches to the powerful while telling the average man that there is not enough money to go around to build an economy that will ensure he can take care of his basic needs.

“They seek an unfair, unjust and unequal Nigeria. Their definition of Nigeria is a nation run by the greedy, for the profit of the rich, at the command of the mighty.

“In this, the PDP is involved neck-deep in the greatest political swindle of this generation. Their real slogan should be “more for the rich, nothing for the rest!”

“Only then will they be telling the plain truth about themselves.

“Our objective must be no less than to remake Nigeria into a great nation. This is a lofty goal but we should not be afraid of lofty aspirations. Only by reaching upward can we pull ourselves from where we are that we grow closer to what we should become.

“The world economy is in rapid flux. To progress we need to establish a new economic model suitable to this dynamic future. Our vision is the opposite of theirs.

“Unlike the PDP, we, the APC, are anchored to the proposition that every Nigerian is entitled to equal access and sufficient economic opportunity so that he may use his talents, skills and committed exertion to carve for himself and his loved ones the decent and good life every human being seeks.

“Yes, the rich and wealthy are entitled to the full enjoyment of the fruits of their exertions and enterprise. But so is the common man. The ordinary person is not to be shortchanged of the fair dividends of his honest sweat and diligent labor simply because he may be poor or because the powerful wealthy want more.

“We believe government can spur the economy toward full employment of labour and our national resources during those times the private sector is not strong enough to shoulder this responsibility alone. Government is the agent of the people to further reform our political economy such that the light of shared prosperity, social tolerance and collective purpose shall forever shine across our national landscape and never be extinguished.

“Because of the APC’s concerns for the struggles of the average person, we launched beneficial social welfare programs such as the school feeding program, Trader-Moni and N-Power.

“As such, we have made progress caring for our most needy and vulnerable through these and other innovative and unprecedented policies. These programs are of the type all great nations do for their citizens.

“However, the APC is not satisfied by what has been accomplished. What has been done is but the opening phase of a more ambitious undertaking. We have just begun to fight poverty and reform this economy on the scale required.

“Though we have helped millions, several million more need to end poverty’s stranglehold on their lives. We must expand the scope and reach of our social welfare programs to encompass those other people who have been denied access to the productive economy through no fault of their own.

“Additionally, we must put idle hands to work to build a modern infrastructure that will energize agricultural output in rural areas and foster labour-intensive industrialization in our growing cities.

“Our objective shall be more and decent jobs on the farms and in the factories. Like no Nigerian government before, I believe the second administration of President Buhari shall dedicate itself to changing the very structure of our economy for the better.

“We must amend our national economic architecture to unlock the full potential of our people and our land. To me, this is the core mandate of government for and of the people.

“Throughout the campaign, we have talked about taking Nigeria to the Next Level. To me, this Next Level is informed by forging a New Partnership between government and the governed in order to create a more just, more prosperous economy for all.

“The essence of this partnership is that government will provide each and every Nigerian either the modern public infrastructure or the targeted public assistance needed to build a better life for themselves and their loved ones.

“The beginning of this New Partnership are already taking shape. As stated before, we have initiated a first phase of social welfare programs.

“Additionally, the availability of fuel last December shows President Buhari has solved the perennial problem of year-end fuel crises that plagued all governments before his.

“The Southwest has always been at the vanguard of progressive governance in Nigeria. Today should be no exception to this historic role we have played. I ask the people of the Southwest to join the APC so that we attain the Next Level by implementing this bold and good NEW PARTNERSHIP built on the following pillars:

1. POWER:
We have made more progress in this area in 4 years than the PDP did in 16. Still, our work remains unfulfilled until we can bring light to all Nigerians when they need it, at costs they can well afford.

I believe the second Buhari administration will work to increase electricity generation, transmission and distribution by 5000 MW within the next 4 years.

Under the spirit of true federalism, greater latitude will be provided states in their efforts to build and attract investment for their own power generation initiatives.

We shall push to end the practice of billing people for electricity they never received. This practice is a vestige of the past that should not accompany us into the future. A person should only be charged for the power used.

2. INFRASTRUCTURE:
Government should put a national infrastructural plan into action. First, we must commit ourselves to a national highway system linking our major cities and towns, our centres of commerce, with each other.

Travel times and costs will dramatically reduce. Farmers will bring more food to market quicker and more cheaply, reducing food costs. Traffic safety will be enhanced. The private sector will save millions of dollars which can be redirected to investment and job creation. More importantly, thousands of lives will be saved.

And hundreds of thousands of young Nigerians will find jobs on these projects.

Water catchment and retention systems in strategic locations should also be built to end the destructive cycles of flood and drought affecting many areas.

3. INDUSTRIALIZATION:
A national industrial plan aimed at bringing labour-intensive light industries to our cities to provide meaningful employment for our growing urban population should be implemented. To increase our GDP and wisely position the economy for the future, we must increase the percentage that manufacturing contributes to that GDP.

We should focus on strategic industries such as textiles, food processing, automobiles, consumer appliance and machine assembly, communications and manufacture of goods important to the bulk of domestic consumers.

This will require bold and comprehensive tax reform to encourage business investment. We shall help strategic businesses by ensuring inexpensive access to the infrastructure required for their profitability.

We must work with the Central Bank to bring lower interest rates to this sector.

4. AGRICULTURE:
I believe the government will work with the states and private sector to develop low-tech but efficient irrigation systems to reclaim more land for cultivation.

Commodity boards should be established to provide minimum prices for strategic crops so that farmers will be assured a decent income for their hard labour.

We need a national strategic food reserve. This will enable government to moderate food prices to aid the average person when harvests are lean and to prevent wastage when harvests are plentiful.

5. HOUSING:
To provide adequate housing for more people, government should integrate under one roof the numerous residential housing and mortgage programs now existing.

This integrated recapitalized home mortgage institution will deepen the mortgage market by provide direct loans to homeowners and by guaranteeing qualified loans made by private banks.

5. SOCIAL SECURITY:
In the spirit of the social programs inaugurated during the president’s first term, I fully support efforts during his second term toward establishing a government-run social security system for the elderly. Such programs are central and humane aspects of the governments of all great nations. We shall be no exception to this good rule.

This system shall not be intended to abolish the private pension system. The two systems will complement each other so that no elderly person is left unattended during his or her waning years.

The plan I just outlined is a brave step into our proper future. I ask that you have the courage not to be tempted to return to the past as the PDP wishes.

“I believe Nigeria is better than this.

“If we act wisely yet boldly, no Nigerian should fear what tomorrow will bring.

“Election Day comes near. Let it be that dramatic moment where we showed the courage to vote for our larger, more excellent future instead of voting to recede into the shadows of the past as Atiku desires.

“Let us continue to fashion a Nigeria that serves all its people, not just Atiku and his band of revellers. In this, we must face the future not turn our back to it. Great possibilities await but we must grab them.

“Through this new partnership, let the Southwest once again rally around the banner of progressive governance for the benefit of all people, young and old, educated and not, the wealthy and the modest. This is the future we must enter. This is the future the APC champions. This is future you must choose on Election Day. Vote for yourselves by voting for President Buhari.

“In the exercise of our civic duty at this historic and important moment, I ask that you conduct yourself with utmost tolerance and in equal peace toward both political ally and political opponent. Let us show the world that we know the true meaning of democracy. On Election Day let not an angry hand be raised against any Nigerian. No matter our political differences, let us remember we are of one land and of the same national family. This election shall be free and fair and conducted without the arm of violence. For this is as Nigeria and our democratic exercise must be to achieve the excellent destination intended for us,” the full statement read.

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Tegbe clarifies: No 3-month promise on power grid, outlines realistic reform timeline

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The Minister-designate for Power, Joseph Olasunkanmi Tegbe, has firmly clarified that he never promised to fix Nigeria’s national electricity grid within three months, describing such claims circulating in sections of the media as a misrepresentation of his Senate screening remarks.

A statement issued  after his appearance before the Senate stressed that Tegbe was deliberate and cautious in his presentation, avoiding unrealistic timelines while outlining a structured reform pathway for the power sector.

According to the clarification, Tegbe explained that while Nigerians can expect early signs of progress, particularly in grid stabilisation within his first 100 days in office, comprehensive reforms will be guided strictly by technical assessments, stakeholder consultations, and sector realities.

He noted that critical challenges such as gas supply constraints, metering gaps, infrastructure decay, and commercial inefficiencies require coordinated interventions that cannot be resolved through arbitrary timelines.

“My commitment to this distinguished chamber and to Nigerians is clear: we will deliver visible and measurable improvement in the power sector,” Tegbe stated during the screening.
He assured that his focus would include stabilising the national grid, modernising transmission and distribution infrastructure, strengthening commercial frameworks, and enforcing accountability across the electricity value chain.

On tariff policy, the minister-designate reaffirmed that reforms would be carefully designed to balance sustainability with social protection, ensuring that vulnerable households are shielded while also restoring investor confidence in the sector.

The statement further emphasised that Tegbe’s approach reflects discipline, technical understanding, and a reform-minded agenda aimed at delivering lasting solutions rather than short-term political promises.

It added that he remains open to responsible media engagement and constructive clarification where necessary, noting that accurate reporting is essential to public understanding of ongoing efforts to reposition Nigeria’s power sector.

Tegbe reaffirmed his readiness to lead a transparent, results-driven reform process anchored on accountability, realism, and measurable progress.

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Yoruba Heritage Festival Honouring Ogedengbe Begins July 29

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A grand cultural renaissance celebrating the enduring legacy of legendary Yoruba war hero and statesman, Ogedengbe Agbogungboro, will take centre stage as the 2026 edition of Ogedengbe Fiesta holds from July 29 to 31 across Osun State and Ekiti State.

The three-day heritage festival, unveiled by organisers on Wednesday, is themed, “Ogedengbe Agbogungboro Legacy: Leadership, Security, and Statecraft for Modern Governance in Nigeria.”

The event is designed to preserve Yoruba cultural heritage, deepen historical consciousness, promote tourism and stimulate national conversations on leadership, peacebuilding and governance.

According to the organisers, the fiesta will commence with traditional homage at Atorin and heritage excursions to notable Kiriji War historical sites in Imesi-Ile, where participants will relive significant moments in Yoruba military and political history.

The programme will also feature guided visits to the historic Ogedengbe Cave, Ibu Latoosa Site and the Yoruba Peace Treaty Grove, all regarded as symbolic monuments of Yoruba resilience, diplomacy and unity.

As part of activities lined up for the celebration, participants will tour the gardens of renowned legal icon and elder statesman, Afe Babalola, in Okemesi-Ekiti.

The organisers further disclosed that a Legacy Awards and Hall of Fame Investiture ceremony would hold in Ilesa to honour individuals who have contributed immensely to the promotion of Yoruba culture, leadership and community development.

A distinguished personality lecture in honour of Aare Afe Babalola, SAN, OFR, CON, and Arole Fabunmi of Okemesi-Ekiti is also expected to headline the event, with scholars, traditional rulers, cultural enthusiasts and public intellectuals billed to discuss pathways to strengthening governance and security through indigenous values and historical lessons.

The organisers noted that all activities would commence daily by 11am, adding that the festival would serve as a rallying point for lovers of Yoruba culture, history and tourism across Nigeria and beyond.

They described the fiesta as not only a celebration of the heroic exploits of Ogedengbe Agbogungboro, but also a strategic platform to inspire a new generation of leaders through the ideals of courage, unity, patriotism and visionary leadership.

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No Return to Fuel Subsidy, FG Insists Amid Rising Hardship

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Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele

The Federal Government on Tuesday ruled out any plan to reinstate fuel subsidy despite worsening economic hardship and mounting public pressure.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, stated this in Paris, France, during a meeting with global investors alongside President Bola Tinubu.

Oyedele said the government would also not introduce price controls, stressing that market forces remain the preferred mechanism for determining petrol prices.

“We will not bring back fuel subsidy because it creates distortions for the economy, and we won’t introduce price control because we believe in the market,” he said.

The minister argued that the subsidy regime had long undermined economic efficiency, adding that emerging global energy shifts, including developments in Iran, present fresh investment opportunities for Nigeria.

The removal of petrol subsidy in May 2023 triggered a steep rise in inflation, worsening the country’s cost-of-living crisis.

Nigeria’s headline inflation climbed from 22.41 per cent in May 2023 to 34.19 per cent by June 2024 — its highest level in nearly two decades — driven by surging fuel, food, and transportation costs.
Food inflation further accelerated, exceeding 39 per cent by October 2024, while transport fares soared by nearly 300 per cent, compounded by currency devaluation.

Despite the economic strain, Tinubu defended the policy, saying it had stabilised the foreign exchange market.

“Subsidy that was a burden to the entire country was removed, and ever since we have achieved FX stability,” the President said, according to his Special Assistant on Social Media, Dada Olusegun.

In a related statement, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, said the administration’s reforms were aimed at eliminating structural distortions, strengthening macroeconomic stability, and laying the foundation for inclusive growth.

He added that the government remained committed to fiscal discipline and transparency.

Highlighting economic progress, Oyedele disclosed that Nigeria recorded an 11.2 per cent growth in Gross Domestic Product in dollar terms in 2025, describing it as a major step towards the country’s ambition of building a $1tn economy by 2030.

He also pledged that the government would begin publishing quarterly financial reports to enhance accountability and public trust.

Also speaking, the Director-General of the Debt Management Office, Patience Oniha, assured investors of Nigeria’s commitment to prudent borrowing and sustainable debt management.

The Federal Government has continued to defend its reform agenda despite growing public discontent, insisting that the long-term gains will outweigh the current economic pains.

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