Former Vice-President Alhaji Atiku Abubakar has seemingly found a new pastime – positioning himself as the opposition-in-chief to President Bola Ahmed Tinubu’s administration, but his foray into opposition has however lacked the substance and depth expected of a seasoned politician. That was the position of Mr. Bayo Onanuga, Special Adviser (Information and Strategy) to the President of Nigeria.
Mr. Onanuga dismissed Atiku’s comments in his recent critique of President Tinubu’s economic policies on Sunday as uninformed and lacking constructive alternatives. He accused Atiku of hypocrisy, and highlighted the absence of a distinct economic reform agenda during his presidential bid that differed significantly from the ongoing efforts by the Tinubu administration.
The presidential spokesman claims that the crux of the disagreement between President Tinubu and Atiku revolves around the sale of NNPC Limited and other national assets. He added that while Atiku reportedly supported the idea to benefit his associates, President Tinubu opted for immediate removal of the fuel subsidy and the harmonization of exchange rates, aiming to streamline the economic system.
The statement from President Tinubu’s camp defended the administration’s stance on economic reforms and emphasized the inevitability of enduring short-term pains in order to enjoy long-term gains. It challenged Atiku to present tangible policy alternatives rather than resorting to political rhetoric.
Contrary to Atiku’s claims, the statement refutes assertions that the private sector is shrinking or that multinational companies are leaving Nigeria in “droves.” It cites cost-of-living indices to argue that Nigerians still enjoy one of the lowest living costs in Africa.
President Tinubu’s economic team is portrayed as vigorously working to harmonize exchange rates, eradicate arbitrage, and set the stage for a prosperous future. The government’s commitment to comprehensive fiscal and tax policy reforms is highlighted as a driving force behind economic recovery and growth.
The statement defends President Tinubu’s economic track record, pointing to commendations from reputable local and international agencies. The Nigerian Stock Exchange’s outperformance, based on actual profits rather than speculative bubbles, is presented as evidence of the administration’s positive impact on the economy.
While Atiku is criticized for offering what is perceived as baseless criticism, President Tinubu is portrayed as a leader focused on solving economic and security challenges. The ongoing nation-building initiatives under President Tinubu’s guidance are positioned as unstoppable, despite the complaints from Atiku and his allies.
As the political landscape evolves, the clash between Atiku and President Tinubu sets the stage for a dynamic interplay of ideas and policies. Stay tuned for further updates on this unfolding political drama.
