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I saw this movie on RUMBLE AND I LOVE IT AND CAN'T STOP https://t.co/umm71yWBCn TITLE: VDM AND AIG.I SWEAR YOU WANT TO MISSED THIS
I saw this movie on RUMBLE AND I LOVE IT AND CAN'T STOP https://t.co/umm71yWBCn TITLE: VDM AND AIG.I SWEAR YOU WANT TO MISSED THIS
STATEHOUSE PRESS STATEMENT
FACTS, NOT FEAR: A POINT-BY-POINT RESPONSE TO ATIKU ABUBAKAR ON NIGERIA'S REFORM JOURNEY
Politics thrives on disagreement. Democracy demands it. But disagreements must be rooted in facts, not frozen snapshots of history. When yesterday's data are presented as today's reality, the public deserves context.
Former Vice President Atiku Abubakar, in his typical pastime, has accused the administration of President Bola Ahmed Tinubu of fiscal recklessness, citing excess borrowing in the 2024 budget, questioning the removal of fuel subsidy, criticising tax reforms, concocting an oil windfall of N7.98 trillion, and suggesting that Nigeria is drifting economically.
His concerns, though misplaced, deserve a response—not because criticisms should be silenced - but because Nigerians should have a fuller picture of where the country is today. Here are the real issues Atiku and his courtiers should apprise themselves of:
A Debate Anchored in 2024 Cannot Explain Nigeria in 2026
Perhaps the first observation is chronological. It is curious that in the middle of 2026, the opposition's principal economic argument remains anchored to developments in the 2024 fiscal year. Economies are dynamic. Reforms are processes, not events. Judging a reform programme solely by its earliest and most painful phase is like judging chemotherapy by the nausea it induces while ignoring the remission it seeks to achieve.
The Nigerian economy that underwent painful adjustment in 2024 has evolved considerably. Following the exchange-rate reset, Nigeria's dollar-denominated GDP fell to about $253 billion, reflecting the immediate effect of currency realignment. Since then, figures from statistics bodies and multilateral agencies like the IMF indicate that it has recovered significantly to approximately $377 billion, representing an increase of roughly 49 per cent from that post-adjustment trough. Likewise, Naira GDP has expanded from about ₦314 trillion in 2024 to around ₦530 trillion, a 69% increase reflecting both higher economic activity and price changes. These figures should continue to be assessed alongside real GDP growth, inflation, and household welfare. They do illustrate that the economy did not remain frozen at its most difficult moment.
The reforms were never advertised as painless. They were presented as necessary structural adjustments intended to correct long-standing distortions, including distortions created in the Obasanjo-Atiku years, 1999-2007.
Borrowing Must Be Judged Alongside Economic Capacity
On the matter of Nigeria’s debts, it is important to ask a broader question: What is Nigeria’s capacity to sustain her debt? For debt, in itself, is not the defining measure of fiscal health. What matters are the size of the economy; our revenue-generating capacity; debt servicing costs; the purposes for which funds are borrowed; and whether borrowed resources finance productive investments or recurrent consumption. Nigeria’s debts have been acquired for productive, long-term infrastructural and investment purposes – according to the law.
Nigeria's debt-to-GDP ratio remains relatively modest (at barely 40%) compared with many peer economies and advanced countries (South Africa (85%), Egypt (80%), Ghana (60%), Kenya (75%), USA (130%), UK (110%), China (300% - unofficially), even though debt-service pressures have historically been significant. Still, the Tinubu Administration has seen a reduction in the debt service-to-revenue ratio, from a high of nearly 100% in December 2022 to less than 60% today. This is a remarkable achievement that shows that Nigeria’s revenue efficiency has improved, while debt management remains conservative and astute. All the same, the more meaningful question is whether borrowing finances investments that expand productive capacity and future revenues, rather than merely postponing difficult choices.
Where Did the Subsidy Savings Go?
For decades, economists across ideological divides criticised Nigeria's fuel subsidy as fiscally costly and poorly targeted. Even before the current administration, several international institutions had argued that the subsidy consumed resources that could otherwise support development. Nigerians suffered over the years as a vast proportion of our resources were deployed to pay fuel-subsidy merchants. An idea that was mooted in the early 1970s, when Nigeria saw her first oil boom in the aftermath of the Yom Kippur War, had become toxic and a drainpipe on the economy. It must be said that the government in which Alhaji Atiku was Vice President waded through that toxic phenomenon, and never did the needful. The current administration deserves commendation for being able to get rid of something that has become a lodestone around the neck of our collective patrimony.
The visible consequence of subsidy removal has been the sharp improvement in revenues accruing to states and local governments through the Federation Account. Higher statutory allocations have expanded fiscal space at the subnational level, enabling many states to increase spending on roads, schools, hospitals, salaries, pensions, and social programmes. Independent assessments, including those from the World Bank, have noted improvements in public revenues and subnational capital spending, which is another word for infrastructural development, following major fiscal reforms. This means that President Tinubu has tactically placed more responsibility for socioeconomic development on states and local governments, while providing requisite funding. This is true federalism and a bold statement on the much-vaunted subject of economic restructuring – another important issue gallantly avoided by the government in which Alhaji Atiku served and wielded great influence.
The Tax Reforms: Progressive, Not Punitive
Another of Atiku’s uninformed criticisms suggests that the Tinubu administration chose to tax Nigerians more. This is blatantly false, and the statement is an attempt to deceive and dissemble.
The objective of the tax reforms is not merely to increase collections but to create a broader, more equitable tax system. The reforms are intended to reduce the burden on many low-income earners (people earning N1 million per annum and below) and small businesses (with turnover of N100 million and below) while strengthening compliance among higher-income individuals and profitable enterprises – many of whom had avoided or evaded taxes under the cover of informality for decades. The underlying principle is that those with greater capacity should bear a larger share of the tax burden, while micro-enterprises and vulnerable households receive greater protection. Nigerians understand that to have a fine, working nation, we all must contribute to her prosperity. And we are on course.
Health: From Infrastructure to Access
Over the past three years, the Federal Government, working with states, has expanded efforts to rehabilitate and upgrade primary healthcare facilities, strengthen tertiary hospitals, improve access to essential medicines, and broaden maternal and child health interventions.
The administration has also publicised initiatives aimed at reducing the financial barriers to maternal care, including programmes that support access to caesarean sections for eligible indigent mothers through public facilities. Over 100 facilities across Nigeria provide free caesarean operations for indigent mothers. Thousands of women across the country, from Sokoto to Port Harcourt, have benefited. Three world-class cancer centres are operational in Kubwa, Enugu and Katsina, while cancer centres in 13 states have been expanded. As at April 2026, over 3,000 Primary Healthcare Centres have been revitalised, upgraded, and refurbished, while over 78,000 frontline workers have been retrained in 3 years. This is verifiable information, and no mean feat.
Education: Investing in Human Capital
Federal and state governments have undertaken school rehabilitation, investments in technical and vocational education, digital learning initiatives, and expanded access to tertiary education finance in the last 3 years. Specifically, over 11,000 projects have been embarked upon by the Universal Basic Education Commission, with collaboration from the federal and state governments. This can be regarded as one of the boldest moves in the history of Nigeria to reposition education at primary and secondary levels.
Among the flagship initiatives is the Nigerian Education Loan Fund (NELFUND), which has enabled hundreds of thousands of students to access loans for tuition and upkeep, reducing financial barriers to higher education. Over 1.64 million students have benefited across the country, with NELFUND disbursing over N303 billion through 300 higher institutions. Again, another unprecedented initiative touching lives positively. All over social media, Nigerians can see how relieved and jubilant Nigerian students have become. Add to this the fact that President Tinubu has seen to an end to strikes by university lecturers, such that a four-year programme does not go beyond four years, a great relief to students and parents.
Infrastructure: Building for Tomorrow
Nigeria's infrastructure agenda continues across transport, energy, and public works, with ongoing projects in federal highways and bridges, rail modernisation, inland dry ports and logistics, power transmission and distribution, airport redevelopment, gas infrastructure, housing, and digital connectivity. Many state governments have simultaneously accelerated road construction, urban renewal, healthcare, and education projects, aided by stronger fiscal inflows. The cumulative effect is an increase in public investment aimed at reducing logistics costs and supporting private-sector growth, the triggers for the 49% leap in GDP since 2024 (in Dollar terms), and a 69% leap in Naira terms. There is a lot more to come.
Nigeria is certainly not over-borrowed
The unvarnished truth is that Nigeria's revenue-to-GDP ratio is still ranked among the lowest globally, limiting the government's ability to fund public services without borrowing.
Recent reforms have started to improve revenue mobilisation, broaden the tax base, reduce leakages, and strengthen public financial management. Certainly, improvements in revenue collection are helping reduce fiscal vulnerabilities. But this is a process that has commenced. Viewed from this angle, it is evident that President Tinubu has taken the Nigerian economy down a path of unprecedented reinvention and rejuvenation.
The debt debate should, therefore, examine not only how much Nigeria borrows but also whether the country's capacity to generate and manage revenue continues to improve. At a mere 40% debt-to-GDP ratio and less than 60% debt service-to-revenue ratio (improving), the argument of overborrowing is alarmist and does not stick.
Oil Windfall? Atiku and his handlers reveal analytical deficiency
There is no such windfall of N7.98 trillion. Any incremental revenue from higher oil prices is reflected in the monthly FAAC figures. While the average price for the half-year 2026 for Brent is around $90 compared to the $64.85 benchmark, the average daily production fell short at about 1.6m bpd compared to the forecast of 1.84m bpd. The production shortfall partly offset the price premium. In addition, some crude volume had been pledged for loans used to pay for the wasteful subsidy in the past, which the President was bold enough to remove, stopping the bleeding but not immediately translating into available revenue.
The convenient mistake many analysts make is to multiply the oil price by the daily crude production volume to determine revenue to the government. Such analyses ignore the cost of production, the share of crude belonging to the oil-producing companies and the impact of crude sale contracts such as forward contracts designed to hedge against price volatility.
Atiku will do well to show the workings for his N7.98 trillion oil windfall.
Conclusion: For Nigeria, Forward Ever!
History rarely remembers governments for the popularity of their decisions in the moment. It remembers whether those decisions ultimately strengthened or weakened the nation.
President Tinubu's administration has chosen to dismantle several long-standing policy distortions that previous governments acknowledged but often deferred. The reforms have carried undeniable costs, and legitimate questions remain about implementation, inflation, and social protection. Yet describing the entire programme as "financial recklessness" overlooks the broader context of structural change, fiscal rebalancing, and efforts to improve macroeconomic stability.
A mature national conversation should move beyond slogans. It should assess reforms against measurable outcomes rather than isolated episodes. We welcome elevated discourses that examine the philosophical underpinnings of President Tinubu’s approach to the economy, not pedestrianism. Nigerians need elevated standards of living, which requires immediate sacrifices. But indeed, the worst is over, as the effects of the necessary economic chemotherapy were more severe in 2023 and 2024. All economic watchers are aware that in November 2025, inflation rates in Nigeria fell to 14.4%. Because of the disruption caused by the Middle East War, the rate shot up to 15.91%. But it has begun another descent as economic analysts project that inflation will trend towards 12% by the end of the year.
As part of measures to bring relief to Nigerians severely impacted by the economic reforms, the Federal Government recently launched the ward-centric NG-CARES, HOPE and SOLID programmes worth more than $3 billion to strengthen primary healthcare, basic education, and support for vulnerable communities. This is in addition to the Humanitarian Ministry’s cash transfers to 15 million vulnerable households, helping to lift them out of extreme poverty.
Nigeria's economy is not yet where it aspires to be. But neither is it where it stood at the height of its structural distortions or in the bygone years of fiscal waste and slackness. The fundamental reforms will continue to expand opportunity, strengthen institutions, and deliver tangible improvements in the lives of Nigerians. That is the focus of President Tinubu. All else is an attempt by political carpetbaggers to gain attention.
Bayo Onanuga
Special Adviser to the President
(Information and Strategy)
August 2, 2026
Tinubu might not see what is coming 2027 presidential election because it was only those bishops that tell tinubu the truth.tinubu thought the country is doing well because of those numbers you mentioned but reality is what matters na statistics of Nigeria GDP,,For atiku nigerians don't trust him anymore with the mistake he did has vice president back then ,so tinubu don't have to rigg to win atiku,but peter obi will get more votes than atiku, and if it free and fair peter obi will win.despite having all the governors Nigerians suffering has gotten to a point it has never gotten to before..though tinubu is doing his best even buhari borrowed a lot of money that tinubu had service the loan and pay some to enable him borrow more,but tinubu is trying to fulfill his promise on power sector light is steady in many part of Nigeria and these is a bad news for atiku because atiku benefits from importation of Generators,that why atiku is lashing out like a wounded lion.trying to get tinubu to us congress,oga bayo is only doing his job which he was appointed for and I think he is doing a good job.but the only problem is that tinubu has a weak point which it was only those bishops that told him.even though he was not too happy about it,those bishop are not political at all there only tell every president the reality and not those statistics of numbers.but tinubu has to address these and to able reduce hardship in the country and crime rate.if tinubu can do it then free and fair tinubu will win. Which is fuel subsidy,ATIKU said he will bring it back peterobi said he will too because fuel prices control everything in every country, once the fuel prices is down then every thing else comes down transportation,food and gas etc.fuel is the heart of every https://t.co/ORrh1x8Lqw every president wants it cheaper.bring back fuel subsidy and reform the fuel subsidy look into it get the EFCC to make sure corruption is wipe out of the policy,many Nigerian will not want to vote tinubu 2027 because of fuel subsidy removal that cost hardship and inflation Nigeria has never experienced before that why this election Nigerians will in masses vote peter obi.and oga bayo should not only be the president spoke man but he should have the courage to tell tinubu to bring back fuel subsidy, before 2027 ,not costal road , infrastructure,he is trying on security, and power, even though he in herited the insecurity i will say he has been working on insecurity terrorist take time to be completely wiped out.not roads that is built for years and after THIER tenure,yes many state governor will win under APC , because the governors are only working for them self , tinubu can introduce state fuel subsidy.has in western word in US.let governors pay fuel subsidy for thier state. the presidential election many nigerians is waiting for and Nigeria knows RIGGING is going to happen that why there want to use kano doctrine were will get US to the election, direct from white House not embassy. Rep moore in Congress said it,that Nigeria election Has always been rig so these time it not Eu elections observers .but trump will be send US delegation,then Nigerian voices will be heard if any rigging happens, Nigerians plan not to go to court these time, becuz there know Inec and the court position., don't forget trump was a victim of rig election he believed for the several years he was contesting election and lost Democrat has been rigging the election that why he is changing the voting process in us oga bayo sir those bishops who visited mr president it the same way there visit Jonathan there don't support peter obi has you said,during Jonathan there were the only people who told Jonathan about not doing enough to tackle the insecurity in the country Jonathan listen, even during buhari there visited and told BUHARI about the challenges the country is facing buhari listen too, same has obasanjo.
@MikeJohnson @JDVance Trump should not negotiate with Iran regime because there are not united so if one group say yes the other group will say no,now there are already denying that there didn't called trump for negotiations,
@MikeJohnson @JDVance And if the US announce it, if he is alive the people who knows about it will be force to show his were about
@MikeJohnson @JDVance This is advantage for the US and Israelis because right now the only thing still making them believe and still fight it because there lied to IRANNIANs mojtapha KHAMENIE is alive and he send letters,which can be written by anyone
Mojtapha death should be announced by the CIA and MOSSAD, and IRANNIANs will be force to ask the hardliners to show a prove and not written https://t.co/1lhroZ0K5c will see the truth will come out, and if the CIA and MOSSAD announce his death the regime will fall immediately because the in fighting will be stronger than now and IRANNIANs will no longer listen to the rest of the regime,order
Which Lindsey Graham was alive he will have advice trump to finish the job once and for all with the isrealis already 80percent of the regime is falling already so with little more strikes the regime will fall, and don't let anyone decieve you mojtapha KHAMENIE died along with his father.but Iran hardliners know telling IRANNIANs about it means the regime has fallen, so there lied to IRANNIANs that he is still alive by writing letters,if he was the one written those letters irgc will not break cease fire, because anything the supreme leader say in Iran is final.but you see them divided Abas argchi and galibuf and the president are in different camp why the hardliners and the irgc and the imams it divided into three,if the supreme leader was the one sending those letters the regime will not be divided,CIA should know the level of the bombing there is no way anyone can survive in that building, and don't forget iran regime don't like announcing THIER leaders death, if you notice it was the us and Israel that always announced the death of THIER leaders first but the state propaganda channel still deny it, now there have opportunity to hide mojtapha KHAMENIE death without isreal or us finding out first.there will continue to hide it and keep writing letters, Iran is not like other countries that demand to see THIER leader if he is not seen for two days ,
Negotiations is not the right way to solve a regime that is already weaken instead you are given them enough time to rebuild and re armed and there continues to hang protesters each day , trump should end the regime to save IRANNIANs life already the regime is already fallen just little more effort with the isrealis will end it,if not Iran will take revenge on the us even after trump leave office and continue building nuclear program,I just feel sad for when ever Iran international post people that are been hang to death daily all young students
That is how democrat talk that isreal drag US into the war,you are listen to Democrats and CNN so you only talk like them.but let me tell you something trump with the help of CIA knows what Iran is building in THIER country, every US president had tried to stop Iran before trump came and took the decision,if Iran was never a threat then why has every us president tried to end THIER nuclear program which there refused
@RamahSikuk43856 @CNN Isreal fight in five frontwar and since you are anti isreal I will not argue with you
You are cnn listener and anti America and trump so I don't need to argue with those who listen to fake news,but let me tell you,the same bases you said it destroyed are the same bases the US is still using to strike Iran, when you hear about military bases it not an estate or large building or many houses,bases are easy to build in less than a week,yes I agree US bases was struck in all Arab countries but there already moved MANY of the military asset out of the bases so it only the house in the bases that was struck, Iran knows attacking bases are normal in any war but the war ship there promise to sank there still not able to sank it, KHAMENIE promise trump that instead it was Iran war ship that got sank, and what do you mean by defeat have you visited Iran and see how Iran is destroyed can you count the numbers of soldiers that are dead in Iran and all THIER leaders, isreal and us doesn't tarket civilians because IRANNIANs beg for help because the regime members killed thousands of them trump promises them revenge for THIER killers which he did by killing KHAMENIE and the rest
You are not updated with what is happening, so don't want insult or argument, isreal has always supported by trump before there fight any war it the way these two countries have been working together for decades,if trump don't give green light to netayahaw he can't go ahead ,the last year 12 days war isreal and Iran everyone see what isreal did to Iran, even the start of the war many of the regime members eliminated it was isreal,now Iran called for talk immediately Israel join to finish the job with the US
Please take a look at these man he might be related to you,he is some one brother and he may be father and someone uncle don't scroll pass without looking at his face ,he seems to be in excess highness in matter of urgency thank you.follow,like and comment
Please take a look at these man he might be related to you,he is some one brother and he may be father and someone uncle don't scroll pass without looking at his face ,he seems to be in excess highness in matter of urgency thank you.follow,like and comment
@CENTCOM Trump has half the strike again Iran use gulf allies to stop trump every time isreal is joining us in the fight Putin might have given them the delay tactics on trump
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