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High Inflation Not Caused By Buhari – Presidency

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The Presidency has responded to allegations linking the rise in inflation to the Muhammadu Buhari administration.

 

According to Malam Garba Shehu, the President’s spokesman, high inflation is a global issue that affects every nation due to the worldwide economic downturn and the impact of the COVID-19 pandemic.

 

This statement comes as a clarification from the Presidency amidst media reports suggesting a direct connection between the current administration and the increase in inflation.

 

Shehu said ”These days, the media house is at its best when it comes to twisting politically sensitive facts to suit its preconceived notions.

 

”In one of its highest fallacies, the paper this morning is tying the rise of inflation to its 17-year high to the person of the President, Muhammadu Buhari who leaves office in exactly two weeks from this day.

 

”Anybody who promotes this kind of thinking is telling the whole world that they either don’t know what is happening all over the world or they are not paying attention to the facts.”

 

The Presidential aide further elaborated on the reasons behind the rise in inflation. He explained that the COVID-19 lockdown played a significant role in boosting inflation worldwide, causing a major disruption in manufacturing and supply chains that had severe impacts on national economies.

 

As a result, the prices of goods were affected, leading to an increase in their market prices.

 

“Considering that Nigeria relies heavily on imports for essential products like petroleum, cooking oils, fertilizers, crop chemicals, and others, international price fluctuations significantly impact local prices.

 

”The government, unless it chooses to disregard the principles of free trade, has limited maneuverability in this regard,” he added.

 

Shehu further observed that France, which enjoyed a stable average inflationary regime of 4.1 percent from 1960-2022 is today reporting price increases of up to 1,080.36 per cent.

 

According to him, at 10.1 percent, UK inflation is at a 41-year high. Ghana’s inflation rate has hit a two-decade high of 54.1 per cent before a recent decrease.

 

”Turkey’s rate is 45 per cent, Pakistan has also reported an alarming high inflation rate comparable to countries with similar profiles.”

 

He maintained that the war in Ukraine had since translated into a rocketing in foodstuff prices leading to fear of famine in many countries.

 

”While Nigeria’s reported inflation rate of 22 per cent is undoubtedly high and worrisome, it would be incorrect to suggest that the Buhari administration is not making efforts to address the volatile global cost of living crisis,” he added.

 

Shehu emphasized that the administration has consistently placed a high priority on controlling inflation and remains committed to doing so.

Politics

2027: ‘We’ll Win Before 2pm’ – Abia Labour Party Makes Bold Election Prediction

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The Chairman of the Labour Party (LP) in Abia State, Peter Azubuike, has expressed confidence that the party will record a landslide victory in the 2027 general elections, declaring that it would emerge victorious “before 2 p.m.” if the Independent National Electoral Commission (INEC) were to conduct an election today.

Azubuike made the assertion on Monday while addressing journalists at the party’s state secretariat in Umuahia, the Abia State capital.

According to him, the Labour Party has overcome its internal challenges and is now fully united and mobilised ahead of the next general elections.

ALSO READ: JUST IN: Labour Party Bars Northerners, Zones 2027 Presidential Ticket to South

He maintained that the party remains the strongest political force at the grassroots in Abia, pointing to its current political representation across the state as evidence of its popularity.

“If INEC conducts an election today, we will win before 2 p.m. because we are the only political party with a strong grassroots presence. We have 184 councillors, 17 local government chairmen, and 20 members of the Abia State House of Assembly. That is evidence of our widespread acceptance and grassroots support,” Azubuike said.

The LP chairman also defended the party’s adoption of the direct primary system for selecting candidates ahead of the 2027 elections, describing it as a transparent process that promotes fairness and reduces internal disputes.

He dismissed reports suggesting that only one nomination form was sold in some constituencies, insisting that several aspirants contested for party tickets in different areas.

“It is not true that only one form was sold. In several constituencies, multiple aspirants purchased forms. In fact, not all sitting lawmakers secured the ticket. A clear example is the Osisioma/Obingwa/Ugwunagbo Federal Constituency, where the incumbent did not get the return ticket,” he stated.

Azubuike said the party had continued to strengthen its structures from the ward level to the state level and remained optimistic of another overwhelming victory in 2027.

He further stated that the faction of the Labour Party led by Senator Nenadi Usman is the one recognised by INEC, adding that the leadership had already been granted access to the electoral body’s portal for uploading candidates.

The party, he added, remains committed to internal democracy, grassroots mobilisation and effective leadership as preparations intensify for the 2027 general elections.

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2027: We’re Not Afraid of Peter Obi, He Can’t Beat Tinubu in Lagos Again — Sunday Dare

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Nigeria has the best cyclists in Africa - Sunday Dare

Special Adviser to President Bola Tinubu on Media and Public Communications, Sunday Dare, has dismissed claims that the presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, poses any serious political threat to the Tinubu administration ahead of the 2027 general elections.

Speaking during an interview on Mic On Podcast on Saturday, Dare insisted that the Federal Government remains focused on governance rather than political distractions, arguing that its achievements have strengthened its chances of securing another mandate.

ALSO READ: AAC Senatorial Candidate Chioma Ifemeludike Withdraws from 2027 Race

According to him, the administration is confident in its performance and has no reason to fear Obi’s growing political profile.

“This government is not afraid of Peter Obi. At one point, he may have been considered a threat, but today, he is no longer one because we are standing on the solid foundation of our performance,” Dare said.

He maintained that the Tinubu administration has taken deliberate steps to confront Nigeria’s economic and social challenges through policy reforms and strategic interventions.

“We have carefully studied the country’s problems and continue to roll out policies and programmes aimed at addressing them. We also have tangible achievements to show Nigerians,” he added.

Dare also took a swipe at Obi’s public engagements, criticizing his style of responding to national issues and suggesting that some of his interviews fail to provide direct answers to important questions.

“Peter Obi is not a nightmare to this government. If anything, some of his reactions are unnecessarily pedantic. Sometimes you listen to him respond to questions, and instead of giving clear answers, he goes around in circles in a way that leaves many people confused,” he stated.

On the prospects of the 2027 presidential election, Dare expressed confidence that Obi would be unable to repeat his 2023 feat in Lagos, where the former Labour Party presidential candidate defeated Tinubu during the presidential poll.

“Peter Obi defeated President Tinubu in Lagos in 2023, but this is a different political season. He will not defeat Tinubu in Lagos again,” Dare declared.

The comments come amid increasing political conversations over the 2027 general election, with opposition figures intensifying consultations while the ruling administration continues to defend its record in office.

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Osun Violence: APC Breaks Silence, Denies Role in Killings

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The All Progressives Congress (APC) in Osun State has denied allegations linking the party and its governorship candidate, Alhaji Bola Oyebamiji, to the recent wave of political violence rocking the state ahead of the August 15 governorship election.

Speaking in Osogbo on Sunday, APC chieftain and former lawmaker, Olatunbosun Oyintiloye, described the accusations as politically motivated, alleging that some desperate individuals were attempting to damage the party’s reputation for personal and electoral gains.

ALSO READ: Oyo APC Rejects LG Election, Says Makinde Wants to Rule by Proxy After Exit

He maintained that the APC has no connection with any individual or group involved in violence, intimidation, or attacks while claiming to represent the party.

Oyintiloye said the APC remains guided by the Omoluabi philosophy, which promotes integrity, discipline, honesty, justice, accountability, compassion, and selfless service, stressing that violence has never been part of the party’s political culture.

He condemned the recent killings in the state, insisting that no political contest or ambition should result in the loss of innocent lives.

According to him, the party completely rejects violence, lawlessness, and bloodshed in any form, adding that those behind the attacks should immediately abandon such acts because elections should never be decided through fear or violence.

The APC leader further stated that the party does not require intimidation or bloodshed to secure victory at the polls, expressing confidence that it can earn the people’s mandate through peaceful democratic participation.

He also dissociated the APC from anyone using the party’s name to commit criminal acts, warning that such individuals were acting for their own interests and not on behalf of the party.

Oyintiloye reaffirmed that the APC believes in the rule of law, peaceful coexistence, credible elections, and the constitutional right of citizens to freely choose their leaders without intimidation.

He appealed to party supporters, political stakeholders, security agencies, and residents of the state to remain calm, obey the law, and support ongoing investigations into the recent violence.

The APC chieftain also urged security agencies to ensure that those responsible for the killings and other criminal acts are identified and prosecuted, while calling on all political actors to place the peace, unity, and development of Osun State above partisan interests.

He expressed sympathy to families who lost loved ones during the violence and prayed for strength and comfort for those affected by the tragic incidents.

The renewed appeal comes amid rising political tension in Osun State, where a series of violent attacks have claimed several lives as campaigns intensify ahead of the August 15 governorship election.

The Osun State Police Command has, however, assured residents that security operatives are working to restore calm and bring the perpetrators to justice.

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