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Atiku Fires Back at the Presidency: “767 Factories Shut, 335 Others in Distress Under Tinubu”

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By Yusuf Danjuma Yunusa

Former Vice-President Atiku Abubakar has accused the Tinubu administration of presiding over an increasingly hostile business environment, alleging that 767 factories had shut down while another 335 were operating under severe distress.

Mr Atiku said the closures and difficulties facing manufacturers contradicted the Federal Government’s claims that its economic reforms were restoring growth and improving the business environment.

The former vice-president, who is the presidential candidate of the African Democratic Congress, ADC, stated this in a response to the Presidency’s defence of President Bola Tinubu’s economic record.

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Mr Atiku said the government’s claims of economic prosperity existed largely in official statements and had not been reflected in the experiences of businesses and ordinary Nigerians.

He said the administration was celebrating Gross Domestic Product, GDP, growth and other macroeconomic indicators while manufacturers, small businesses and households faced rising operating costs and declining purchasing power.

“The Presidency proudly announced that Nigeria’s GDP has increased significantly since the exchange-rate adjustment. We ask a simple question: Has the purchasing power of the average Nigerian increased?” Mr Atiku said.

“Are manufacturers paying less for energy? Have small businesses become more profitable? The answer, tragically, is no.”

He said the closure of hundreds of factories and the distress faced by many others reflected the pressure created by high energy costs, multiple taxes, expensive logistics, rising electricity tariffs and weak consumer demand.

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Mr Atiku argued that government policies could not be described as successful if they increased public revenue while reducing the productive capacity of the economy.

“Government cannot tax its way into prosperity while simultaneously shrinking the productive capacity of the economy,” he said.

“Manufacturers are battling record energy costs. Small businesses face multiple taxes, rising electricity tariffs, escalating logistics expenses and declining consumer demand.”

The former vice-president said tax reforms should be designed to encourage production, create jobs and expand the tax base rather than place additional pressure on struggling businesses.

“A tax reform that expands government revenue while ordinary citizens become poorer cannot honestly be described as progressive,” he said.

He added that successful tax systems were built on productivity and economic growth, not by extracting more revenue from businesses and households already facing financial pressure.

Mr Atiku also questioned the government’s borrowing policy, saying the debate should not focus solely on Nigeria’s debt-to-GDP ratio but on the economic value generated by borrowed funds.

“No serious economist argues that borrowing is inherently wrong. Nations borrow. The real question is this: what has Nigeria obtained in return for the unprecedented debts accumulated under this administration?” he asked.

He said Nigerians had a right to demand evidence that borrowed funds were being used to improve infrastructure, create jobs, strengthen public services and raise living standards.

Mr Atiku noted that businesses continued to spend heavily on alternative sources of electricity, while high logistics costs and poor infrastructure remained major obstacles to production.

“After record borrowing and record budgets, businesses are still forced to spend enormous sums generating their own electricity,” he said.

“Logistics costs remain among the highest in Africa. Manufacturers continue to struggle under crushing operating costs, while many roads remain in deplorable condition.”

The former vice-president said infrastructure should be assessed by its economic impact rather than the number of projects announced or commissioned by the government.

“Every administration announces projects. Nigerians are interested in completed projects that reduce the cost of doing business, improve mobility, guarantee stable electricity and stimulate economic growth,” he said.

Mr Atiku also challenged the Presidency’s explanation concerning crude-backed financing arrangements, arguing that the government had admitted that future oil earnings had been committed in ways that limited the country’s ability to benefit from favourable crude oil prices.

He said Nigerians deserved full disclosure on the terms of such arrangements, including the volume of crude committed, repayment conditions, funds received and projects financed.

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ADC Accuses Kaduna Govt of Sealing Arewa House to Block Atiku’s Northern Stakeholders’ Meeting

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has raised the alarm over the closure of Arewa House, which was set to host a meeting of its presidential candidate, Atiku Abubakar, with Northern stakeholders.

In a statement on Wednesday, Phrank Shaibu, spokesperson for the ADC presidential campaign council, said, “My campaign team had proposed Arewa House as the venue for our consultation with stakeholders on Thursday and, today, the APC government decided to seal the building.”

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But the ADC said, “We will not be intimidated,” condemning the sealing off.

The statement described the move as “a troubling pattern”.

“During our campaign flag-off in Sokoto, the APC government also tried to frustrate us. The people stood firm, and their will prevailed. Now, as Atiku prepares to consult stakeholders at Arewa House, the venue has been sealed”.

“We hold President Bola Tinubu and the APC politically responsible for this pattern of obstruction. An outgoing president and a ruling party should respect democratic competition, not use public authority to impede the opposition, restrict political consultation or weaken Nigerians’ right to choose,” the statement said.

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NASWDEN backs FG’s move to license, regulate scrap business, raises alarm over attack on members

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The National President, National Association of Scrap and Waste Dealers Employers of Nigeria (NASWDEN), Alhaji Fatai Ogunwale, has expressed the support of the association for the Federal Government’s Proposed licencing and regulations of Scrap business.

A statement made available to the News Agency of Nigeria (NAN) by its National President, Alhaji Fatai Ogunwale, on Tuesday, stated that the move was also to curb theft and vandalism in the country.Read Daily News

In a Two-Day stakeholders meeting in Lagos, the Federal Government under the supervision of the Federal Ministry of Steel Development, had moved to regulate Scrap industry business and operation in Nigeria.

The theme of the event is “Validation of the proposed Scrap metal Collection, Trading, Recycling and Regulations 2026”.

According to the President of the association, the move was targeted at those who engaged themselves in illegally stealing of metals and vandalism of critical infrastructure including electricity cables, railways components and manhole covers amongst others.

He expressed gratitude to the Federal Government for the initiative and warned against double taxation scrap metal dealers carrying scraps to end users or rolling mills across the country.

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Ogunwale also called on the Federal Government to eradicate touts on our expressways who harrass NASWDEN members ,extort them while going about thier legitimate scrap business.

The President also informed stakeholders that NASWDEN had earlier launched anti Vandalism and currently working with security agencies to protect critical national infrastructure and the nation’s assets.

According to him, the move also involved the issuing of loading inspection confirmation clearance papers to members to check theft and vandalism by criminals parading themselves as scrap dealers.

In his remarks, the Minister of Steel Development, Shuiabu Audu, stated that the framework would establish an organised transparent scrap metal value chain in the country.

The Minister was represented by the Director of Metallurgical Raw Metal Development and Investment Promotion in the ministry, Mr Ime Eprikpo.

“The proposed Scrap metal collection, trading, recycling and regulations 2026, are also expected to improve the supply of the locally sourced raw materials to steal manufacturing companies.

As well as to formalise the activities of scrap dealers and strengthen environment and occupational safety standards, ”he added

I’m his remarks, the Deputy National President of NASWDEN, Comrade Aminu Hassan Soja called on the Federal Government to as a matter of urgency, tackle the issue of alleged attacks on its members by one Uche Ogbu Luke.

According to Soja, Luke is an impostor who allegedly uses armed thugs to intimidate and extort scrap dealers along highways across the South-East and South-South regions of the country.

” We call on the federal government tomurgently intervene and put an end to the activities of one Uche Ogbu Luke, whom he describes as an impostor allegedly using armed thugs to intimidate and extort scrap dealers along highways across the South-East and South-South regions of the country,” he alleged.

He urged the relevant security agencies to “investigate the allegations, apprehend those involved and protect innocent scrap dealers from harassment, intimidation and unlawful extortion”.

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ASUU Declares Strike at Zamfara State University

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The Academic Staff Union of Universities (ASUU), Zamfara State University branch, has declared an indefinite strike over what it described as the failure of the university management and relevant authorities to address its longstanding demands concerning staff welfare, salaries, promotions and working conditions.

The branch chairman, Comrade Anas Abubakar Dogo, announced the decision in a statement, explaining that the industrial action would commence at midnight on November 11, 2026.

Dogo said the decision followed the expiration of an initial two-week ultimatum issued to the university management, which was subsequently extended by another three weeks, bringing the total period of the ultimatum to five weeks.

According to him, the union had also embarked on a one-week warning strike in an effort to compel the authorities to address its grievances, but the failure to resolve the outstanding issues had left the branch with no option but to proceed with an indefinite strike.

The ASUU chairman listed several challenges confronting the university, including the absence of official student accommodation, inadequate staff housing, poor remuneration and the non-implementation of the Federal Government-ASUU agreement.

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He lamented that students of the institution had no official university hostel, while members of staff were also without adequate accommodation, describing the situation as a major challenge to the effective administration and development of the university.

Dogo further accused the university authorities of failing to implement the Federal Government-ASUU agreement in its entirety, including the payment of outstanding arrears owed to academic staff.

The union also expressed dissatisfaction over the non-payment of promotion arrears, noting that the failure to implement staff promotions and their accompanying financial benefits had continued to undermine the morale of lecturers.

On staffing, the ASUU chairman raised concerns over the shortage of academic personnel, disclosing that some departments had only one tenured academic staff member, while others had none.

He warned that the situation was affecting the university’s academic capacity and could undermine the quality of teaching, research and other academic activities.

The union also described Zamfara State University as a training ground for academic staff, alleging that many lecturers were leaving the institution for other universities where better remuneration and improved working conditions were available.

Dogo disclosed that many academic staff members earned monthly salaries ranging from N96,000 to N120,000, a situation he said was inadequate and had contributed to the institution’s difficulty in retaining qualified lecturers.

He consequently demanded the full implementation of the Federal Government-ASUU agreement in all its provisions, including the settlement of all outstanding arrears.

The union also demanded the implementation of staff promotions and the payment of all accumulated promotion arrears.

The ASUU chairman stated that all academic activities on the university campus would remain suspended throughout the period of the industrial action.

He urged the relevant authorities to address the union’s demands to facilitate a resolution of the dispute and ensure the resumption of academic activities.

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