Browsing: Atiku Abubakar

Tension is growing in the PDP over the perception that Wike, a serving Minister in the Bola Tinubu’s All Progressives Congress (APC) government, is rumoured to remain in the PDP, allegedly to have control of its National Working Committee (NWC), while he works against it during the 2027 presidential election.

“It is an arbitrary order capable of undermining the operational independence of the NNPCL. By this order, Mr. President has wrested control of the finances of the NNPCL and donated the same to the Federal Ministry of Finance and the Central Bank of Nigeria. This is an unprecedented act, without any legal or ethical basis. It is also a violation of the principle of due process in public administration”

Former Nigerian Vice President Atiku Abubakar, has told President Bola Tinubu to note that basic commodities, including a simple stapple – bread, are becoming out of reach for average Nigerians. He says Tinubu’s “economic policies, drawn from a so-called renewed hope agenda, are ironically dashing hopes, creating pain and causing despair.”

According to him, “it is inconceivable for the Federal Government to take a loan of $3.3 billion with an interest rate that is not more than 12 per cent, but with estimated repayment amounting to $12 billion”, adding that it is also that “Nigeria’s current Barrels Produced Daily (BPD) is 1.38 million, and according to the Project Gazelle deal, Nigeria is to supply 90,000 Barrels of its daily production, starting from 2024 till it is up to 164.25 million barrels for the repayment of the loan.”