Since his defeat in the last election, former Vice President Atiku Abubakar has shown more interest in undermining President Bola Ahmed Tinubu than in addressing his party’s implosion, according to Bayo Onanuga, Special Adviser to the President on Information and Strategy.
Onanuga suggested that Atiku is envious of Tinubu’s position, an office he has unsuccessfully sought six times.
“It is perplexing that he would elevate his untested, hypothetical proposal, which Nigerians soundly rejected during the 2023 Presidential Election, and seek to present it as a superior alternative to the multi-faceted reform programmes implemented by the Tinubu administration,” Onanuga stated.
He added that Atiku must acknowledge that merely repackaging his plan will not resolve the social and economic challenges left by the People’s Democratic Party (PDP) after 16 years in power.
Onanuga criticized Atiku’s economic analysis, describing it as a significant misunderstanding of Nigeria’s realities. “His narrative, ‘What We Would Have Done Differently,’ indicates an inability to engage with the pressing economic realities being revitalized under President Tinubu’s leadership,” he said.
Onanuga questioned the reforms Atiku would propose at the onset of his hypothetical presidency. “While he suggests a consultation period upon assuming office, the reality is that the Nigerian economy requires immediate and decisive action. A leader must be prepared to tackle challenges from Day One, as President Tinubu has done,” he emphasized.
Atiku’s accusation that President Tinubu “stole his presidency” exposed his sense of entitlement and disconnect from the electorate, Onanuga argued. “The truth is that Tinubu rightfully won the presidency, a position Atiku was simply unqualified for due to his arrogance, insensitivity to Nigeria’s diversity, and the decision to disregard his party’s power rotation arrangement,” he added.
Onanuga highlighted the urgent need for action in the Nigerian economy, which was in dire need of immediate intervention. “The Tinubu administration came prepared with a firm action plan to address the shortcomings that persisted during President Olusegun Obasanjo’s time when Atiku was vice president,” he noted.
Speculating on the potential impact of Atiku’s proposed lengthy town hall and Village Square meetings, Onanuga suggested that such an approach would have been detrimental to Nigeria’s economy. “The country needed a proactive leader such as Tinubu, who immediately set to work on addressing economic challenges,” he said.
Onanuga dismissed Atiku’s critiques of Tinubu’s presidency as harebrained propositions devoid of realistic alternatives. He pointed out the decades of mismanaged economy inherited by the current administration, including exorbitant subsidy expenditures. “As of mid-2023, the landing cost of fuel was between N500 and N600, while it was sold nationwide at an average of N200,” he explained.
Onanuga emphasized the importance of engaging with urgent realities rather than conjuring imaginary scenarios. “The estimated N5.4 trillion savings from subsidy removal in 2024 are being actively directed toward infrastructure development and social intervention programmes,” he stated.
He also highlighted the significant increase in revenue generation under the Tinubu administration. “Without factoring in oil sales, revenue proceeds generated by the Federal Inland Revenue Service almost doubled in the first half of 2024,” Onanuga noted.
Atiku’s proposal to privatize the four government-owned refineries was criticized for lacking originality. “In 2007, investors were only willing to offer $160 million for 51% equity in the Port Harcourt Refinery,” Onanuga recalled.
Onanuga accused Atiku of overseeing the sale of the nation’s assets to private individuals and cronies at low prices during his tenure as vice president. “Today, most public enterprises Atiku sold have been stripped and become dead assets,” he said.
He praised the Tinubu administration’s approach to revitalizing refineries while supporting modular refineries and the Dangote Refinery. “This approach will guarantee domestic production and stabilize retail prices by reducing foreign exchange challenges,” Onanuga explained.
Regarding Atiku’s allegations of corruption within the NNPC, Onanuga argued that the fuel subsidy had historically been the leading corruption enabler. “President Tinubu’s removal of this subsidy eliminated the most significant incentive for corruption within the NNPC,” he stated.
Onanuga criticized Atiku’s suggestion of phased-out subsidy removal as an outdated approach. “Rather than pushing for unrealistic timelines, Atiku should recognize the necessity of President Tinubu’s bold reforms,” he said.
He urges Atiku to abandon his politics of distraction and focus on constructive discourse. “President Tinubu remains focused on leading Nigeria toward a prosperous future and addressing our nation’s real challenges,” Onanuga affirmed.
