Politics
High Inflation Not Caused By Buhari – Presidency
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.
A Political Adviser to President Bola Tinubu, Ibrahim Kabiru Masari, has dismissed former Vice President Atiku Abubakar’s ambition to contest the 2027 presidential election, describing it as a joke.
Masari made the remark while addressing members of the Jigawa State Academics Forum.
SEE MORE: ‘A Nation Cannot Escape the Bill’ — Atiku Questions Tinubu’s Third UNGA Absence
According to him, Atiku’s political ambition would not be achieved through what he described as desperation, insisting that the former vice president was aware of the situation.
“Even Atiku himself knows he is just joking and kidding,” Masari said.
The presidential aide also described the All Progressives Congress (APC) as the dominant political party in the country and framed the 2027 election as a choice between continuing the Tinubu administration’s programmes and returning to the opposition.
Masari highlighted infrastructure development, economic diversification, security and poverty reduction as areas the Tinubu administration was prioritising.
He also commended the Jigawa State Academics Forum for endorsing President Tinubu and Governor Umar Namadi for another term.
On education, Masari said the Federal Government was giving the sector priority, adding that the university academic calendar had stabilised and students were benefiting from federal student loans.
His comments come as political parties and opposition figures intensify preparations for the 2027 general election.
Nasarawa State Governor, Abdullahi Sule, has said the Independent National Electoral Commission (INEC) should be questioned if there were any irregularities in the conduct of the 2023 presidential election.
Sule made the remarks during an appearance on Mic On Podcast, hosted by Seun Okinbaloye, an Arise TV anchor, while responding to questions about allegations surrounding the 2023 presidential election and INEC’s handling of the process.
The governor noted that INEC was the body that conducted and declared the election, saying: “INEC declared that I won the election in 2023. INEC that determined the election.”
SEE ALSO: 2027: Tinubu Has Done Enough Good To Win Re-Election — Gov Sule
Speaking about claims that both Labour Party’s Peter Obi and former Vice President Atiku Abubakar believed they won the 2023 presidential election, Sule questioned how the APC could have manipulated the election against both candidates.
He said: “So who won the election between Peter Obi and Atiku? Take President Asiwaju out. So who now rigged each other between the PDP and then the Labour Party? Because you are saying that Peter Obi said he won, Atiku said he won—”
On concerns over glitches on INEC’s Result Viewing (IReV) portal during the presidential election and allegations that “something fishy” may have happened, Sule said INEC should provide answers if there were any irregularities.
He stated: “Well, if something fishy went down, it is INEC herself that would be asked that question.”
Sule also referred to subsequent elections conducted under the current INEC leadership, including the Osun and Anambra governorship elections.
According to him, APC lost the Osun election without similar complaints, while the All Progressives Grand Alliance (APGA) won in Anambra.
He said: “You know, and so far, all the elections… he held the election in Osun, and they didn’t say there was anything wrong with that one, because APC lost. We had an election in Anambra, there was no problem about that one, because APGA won.”
“You know, so it is anywhere APC won now that there is a problem. It doesn’t… life doesn’t work that way.” the governor added.
Human rights lawyer and lead counsel to the Indigenous People of Biafra (IPOB), Ifeanyi Ejiofor, has urged President Bola Ahmed Tinubu to take preventive measures to protect former Anambra State governor and 2027 presidential candidate Peter Obi.
Ejiofor raised concerns over Obi’s safety ahead of the 2027 general elections, warning that any harm to the presidential candidate could have serious consequences for Nigeria’s political and democratic environment.
READ MORE: 2027: Peter Obi ‘Unfit’ To Govern Nigeria — Onanuga Declares
In a statement issued in Abuja, Ejiofor said Obi’s recent expression of concern about his personal safety should not be dismissed as ordinary political rhetoric.
He said when a presidential candidate publicly expresses uncertainty about his safety ahead of an election, the appropriate response should be “vigilance, sober inquiry and preventive action.”
“Nothing must happen to Obi,” Ejiofor said, calling on Tinubu to act now to protect the former Anambra governor and the democratic space.
The lawyer also cited recent developments surrounding the 2027 political season, including Obi’s complaints about difficulties faced by opposition politicians campaigning in some states and the controversy surrounding the obstruction of his convoy during a visit to Benue State.
According to Ejiofor, the circumstances require greater attention from government institutions, security agencies, political parties and other stakeholders.
He warned that if anything happened to Obi, the consequences could extend beyond the individual and potentially affect Nigeria’s already delicate electoral environment.
“If anything should happen to Peter Obi—God forbid!—the consequences would extend far beyond the individual concerned,” he said, describing the possible consequences as “disastrous and devastating.”
Ejiofor urged the Federal Government, security agencies, the Independent National Electoral Commission (INEC), political parties and state authorities to ensure that presidential candidates can campaign peacefully and that voters can freely hear competing political views.
He also called for political disagreements to be settled through the ballot and the law rather than intimidation, coercion or violence.
“Prevention is wiser than mourning,” Ejiofor said, stressing that Nigeria should not wait for a tragedy before taking steps to address concerns surrounding the 2027 political environment.
He further appealed for an electoral atmosphere where every legitimate contestant can campaign, political parties can organise peacefully and citizens can freely listen to and support candidates of their choice.
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