{"id":309040,"date":"2024-02-06T13:24:06","date_gmt":"2024-02-06T12:24:06","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=309040"},"modified":"2024-02-06T13:24:06","modified_gmt":"2024-02-06T12:24:06","slug":"atiku-presidency-failed-to-provide-credible-defence-for-tinubus-failure","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/02\/06\/atiku-presidency-failed-to-provide-credible-defence-for-tinubus-failure\/","title":{"rendered":"Atiku: Presidency Failed To Provide Credible Defence For Tinubu\u2019s Failure"},"content":{"rendered":"<ul>\n<li><strong>Onanuga said Atiku took up the new role due to his failure to achieve his life-long ambition of ruling Nigeria.\u00a0\u00a0<\/strong><\/li>\n<li><strong>Criticized Presidential Spokesman Bayo Onanuga for failing to defend Bola Tinubu&#8217;s economic struggles, stating that his spokesman, Paul Ibe, failed to provide a credible defense.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><br \/>\n<hr \/>\n<p>Atiku Abubakar, former vice-president, on Tuesday accused the Presidency of failing to provide a credible defence for what he described as President Bola Tinubu\u2019s failure to tackle Nigeria\u2019s economic challenges.<\/p>\n<p>Atiku insisted that he offered better policy options during the 2023 presidential campaign when compared to Tinubu\u2019s \u201cmorbid prescriptions.\u201d<\/p>\n<p>He was reacting to Tinubu\u2019s Special Adviser on Information and Strategy, Bayo Onanuga\u2019s remark accusing him of carving a niche as the \u201copposition-in-chief\u201d to the President and the current government.<\/p>\n<p>Onanuga said <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/02\/04\/your-policies-leaving-nigerians-miserable-hopeless-causing-agony-despair-atiku-blasts-tinubu\/\">Atiku<\/a> took up the new role due to his failure to achieve his life-long ambition of ruling Nigeria.<\/p>\n<p>Reacting, Atiku said Onanuga demonstrated ignorance of the happenings around him.<\/p>\n<p>In a statement signed by his spokesman, Paul Ibe, Atiku said: \u201cThe Presidential Spokesman, Bayo Onanuga, failed to provide a credible defence of Bola Tinubu\u2019s failures in tackling the economic challenges facing the country.<\/p>\n<p>\u201cIn his characteristic manner, he resorts to insults and name-calling. He demonstrates ignorance of the happenings around him \u2013 as he denies, for example, that Bola Tinubu\u2019s policies are creating excruciating pain and causing despair. We wish to respond to him as follows.<\/p>\n<p>\u201cPoint 1: Did Atiku Abubakar offer any better policy options in his run for the presidency?<\/p>\n<p>\u201cYes, he did. His living prescriptions contrast sharply with Bola Tinubu\u2019s morbid policies. Atiku\u2019s policy document, My Covenant With Nigerians, offers a clearly defined and robust roadmap for the socio-political and economic transformation of Nigeria. On the economy, the policy document outlines the challenges we face and our vision to get the economy on its feet and create prosperity. If Bayo desires, he can have a copy for free!<\/p>\n<p>\u201cPoint 2: That all the major presidential candidates supported the withdrawal of subsidy on PMS.<\/p>\n<p>\u201cBut so, what? Even if all the major candidates agreed that the fuel subsidy regime must end and that the multiple exchange rates must be fixed, this would not translate into endorsing Bola Tinubu\u2019s failures in implementation. The truth is that unlike Atiku, Bola Tinubu did not understand the reforms he embarked upon and had no idea what steps to take to mitigate their negative impact.<\/p>\n<p>\u201cAs a leader with foresight, Atiku anticipated that the withdrawal of subsidy and the unification of exchange rates could, in the absence of fundamental interventions, impact negatively on micro and small enterprises in the informal sector. He anticipated that such policies could elevate the levels of vulnerability and deprivation of poor families. including the youth and adults with no income.<\/p>\n<p>\u201cThe former Vice President, therefore, pledged to support Nigeria\u2019s businesses by creating an Economic Stimulus Fund with an initial investment capacity of approximately US$10 billion to prioritize support to MSMEs across all the economic sectors, as they offer the greatest opportunities for achieving inclusive growth. The Fund was designed to make it easier for Nigeria\u2019s 60 million micro and small enterprises to navigate the stormy seas in the aftermath of the withdrawal of subsidy on PMS.<\/p>\n<p>\u201cIn contrast, Bola Tinubu offered a paltry N125 billion to help the MSMEs, which at today\u2019s exchange rate is no more than US100 million. Of course, Bayo Onanuga is aware that the pledge is yet to be redeemed by the president.<\/p>\n<p>\u201cAtiku also pledged to implement a robust social investment programme to support the poor and vulnerable with CCTs. Atiku\u2019s support to the poor and vulnerable would include prioritized actions to address the challenges of displacement and the sufferings of IDPs across the country.<\/p>\n<p>\u201cIn contrast, the funds for Tinubu\u2019s CCT were cornered by his officials in the Ministry of Humanitarian Affairs.<\/p>\n<p>\u201cAlongside the Economic Stimulus Fund, Atiku pledged to launch a uniquely designed skills-to-job programme that would target all categories of youth, including graduates, early school leavers as well as the massive numbers of uneducated youth who are currently not in education, employment, or training.<\/p>\n<p>\u201cAs a leader of vision, Atiku was ready for the potential fallout of his policies. Bola Tinubu was clearly not ready. It was only after he unleashed his morbid reforms that he started groping in the dark, looking for solutions. We all recall that in October 2023, the Financial Times of London rebuked Bola Tinubu for announcing plans without ideas for how to implement them.<\/p>\n<p>\u201cPoint 3: Is the private sector not overburdened by Bola Tinubu\u2019s failure to address the aftermath of his policies?<\/p>\n<p>\u201cWould Bayo Onanuga deny that Unilever, GlaxoSmithKline (GSK), Procter &amp; Gamble (P&amp;G), Sanofi-Aventi Nigeria, Bolt Food, Equinor etc had exited Nigeria citing reasons including foreign exchange complexities, security concerns, and high operational costs? Bayo Onanuga must be living in a dream world outside the shores of Nigeria.<\/p>\n<p>\u201cPoint 4: Is Bayo denying that cost-of-living pressures have intensified since May 2023?<\/p>\n<p>\u201cHe needs to read the official statistics from the National Bureau of Statistics: The annual inflation rate reached a nearly 30-year high of 28.9% in December 2023, up from 28.2% in November.<\/p>\n<p>\u201cWould Bayo Onanuga deny that food prices, which constitute a significant portion of the Consumer Price Index (CPI) basket, soared to 33.9% in December, the highest level since August 2005? Would he also deny that in many states of the federation, citizens have blocked roads in protest? Just yesterday morning (Monday, February 5), it was reported that hundreds of residents of Minna in Niger State blocked major roads to protest hunger and the high cost of living in the country. Only failed leaders play the ostrich and live in self-denial.<\/p>\n<p>\u201cPoint 5: The Presidency\u2019s response is full of lamentations and resorts to blame game. It is a familiar road travelled by the ruling party!<\/p>\n<p>\u201cIt has become fashionable for every APC-led government to blame others, especially the opposition and external factors for Nigeria\u2019s economic woes. Now, Tinubu is elevating the blame game to the NEXT LEVEL as he accuses his own party of lacklustre performance.<\/p>\n<p>\u201cThe evidence, however, is overwhelming. Tinubu\u2019s under-performance is largely attributable to leadership failures in the management of the economy. The failure of leadership by the APC-led government is staring every Nigerian in the face as the country\u2019s economic, social, political, and security challenges persist and assume frightening dimensions. An unprepared leadership such as Bola Tinubu\u2019s fails to anticipate impending crisis and is always slow to react.\u201d<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Onanuga said Atiku took up the new role due to his failure to achieve his life-long ambition of ruling Nigeria.\u00a0\u00a0 Criticized Presidential Spokesman Bayo Onanuga for failing to defend Bola Tinubu&#8217;s economic struggles, stating that his spokesman, Paul Ibe, failed to provide a credible defense.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":275970,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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