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The Weakening Naira; Tinubu’s Criticism.
Naira Weakens, Tinubu Criticism.
A Tail of a Bloated Capacity.
Naira Weakens to N995/$ Amidst Economic Concerns: Tinubu Faces Criticism
By Peretengboro
September 23, 2023.
Abuja, Nigeria – The Nigerian Naira has taken a significant hit in the foreign exchange market, weakening to a concerning rate of N995 against the US dollar. This depreciation in the value of the Naira has sent shockwaves through the Nigerian economy, prompting criticism, concerns, and even an unusual promise of an award.
The sharp devaluation of the Naira is being attributed to a combination of economic factors and uncertainties. Nigeria, like many other countries, has grappled with economic challenges in recent years, including inflation, fiscal deficits, and the global impact of the COVID-19 pandemic. However, one name has been prominently associated with this recent decline – Bola Ahmed Tinubu.
Tinubu, a self-acclaimed economist, prominent politician, former governor of Lagos State and President of the Federal Republic of Nigeria, has been widely criticized for his role in the country’s economic management. Critics argue that his policies, or lack thereof, have contributed to the deteriorating economic conditions. They cite a lack of clear economic strategies and leadership as key factors behind the Naira’s freefall.
In a surprising turn of events, a group known as the “Naira Watchers” has promised to award Tinubu should the Naira reach the symbolic threshold of N1000/$. The group, composed of economists, financial analysts, and concerned citizens, has been closely monitoring the Naira’s performance and believes that such an award could serve as a wake-up call for Tinubu to address the economic challenges facing the nation.
The promise of an award has sparked a heated debate in the Nigerian political and economic arena. Supporters of Tinubu argue that the economic challenges facing the country are not his responsibility and that broader economic factors are at play. However, his critics insist that as the first successful businessman to become President of the country, much was expected him and hence, he should bear the bulk of the responsibility.
Economic experts are calling for urgent measures to stabilize the Naira and restore confidence in the economy. They emphasize the need for a comprehensive economic plan that addresses inflation, trade imbalances, and fiscal discipline. It remains to be seen whether President Tinubu will respond to these calls with concrete policies and actions.
In the coming weeks, all eyes will be on the Naira’s performance in the foreign exchange market. As it approaches an All-time height of N1000/$ mark, the debate over its causes and potential solutions will continue to dominate TV and print news headlines. Nigeria’s economic future hangs in the balance, and the nation awaits decisive action to address its economic challenges.
By Favour Bibaikefie
Tomorrow, Friday, May 16, 2025, the Ijaw Youth Council (IYC), Western Zone — covering Delta, Edo, and Ondo states led by Comrade Nicholas Igarama — will solemnly mark the 57th anniversary of Boro Day at Chief Tunde Smooth Playground, NPA Warri, Delta State. The event will feature a dynamic procession through the streets of Warri, followed by an insightful symposium aimed at celebrating and reflecting on the enduring legacy of Ijaw fallen hero, Major Isaac Adaka Boro.
Major Isaac Adaka Boro remains one of the most iconic figures in the history of the Niger Delta and the Ijaw nation. Born in 1938 in the Niger Delta region, Major Boro was a Nigerian nationalist, soldier, and activist who passionately championed the rights of his people long before Biafra Republic causes.
In February 1966, Major Boro declared the Niger Delta Republic — a bold and unprecedented move — in an effort to free the Niger Delta region from the exploitation and marginalization of the Niger Delta region by the Nigerian federal government in collution with multinational oil companies. Though short-lived, this declaration sparked a significant movement for self-determination, environmental justice, and economic fairness in the oil-rich region.
Boro’s armed struggle, sacrifices, and calls for equity continue to inspire generations of Ijaws and Niger Delta activists fighting for justice, resource control, and political representation.
Major Boro, who died in combat on March 9, 1968, remains a revered Niger Delta nationalist and freedom fighter.
The 2025 Boro Day Commemoration
This year’s Boro Day celebration in Warri will bring together Ijaw youths, community leaders, cultural groups, and sympathizers from across Delta, Edo, and Ondo states to honor Major Boro’s memory. The procession will wind through key parts of Warri, symbolizing unity and resilience among the Ijaw people.
Following the procession, a symposium will convene at Chief Tunde Smooth Playground, where distinguished speakers and historians will share insights on Major Boro’s impact and the ongoing struggle for the Niger Delta’s development and recognition.
While the Warri event is the focal point for the Western Zone, Ijaws worldwide will also hold events commemorating Major Boro’s sacrifice and vision, demonstrating the far-reaching influence of his legacy.
* Tompolo doesn’t spray money; he cannot be held accountable for actions of unknown individuals – Ozobo, IPDI
A leading Niger Delta activist Comrade Ozobo Austin who doubles as the National president of the Ijaw People’s Development Initiative (IPDI), has come forward to exonerate High Chief Government Ekpemupolo, widely known as Tompolo, from the recent allegations of monetary abuse levied by the Economic and Financial Crime Commission (EFCC).
The Niger Delta activist emphasized that there is no concrete evidence supporting the claims presented in the controversial and manipulative viral video that Tompolo sprayed money. He asserted that it is unjust to hold Tompolo responsible for the misdeeds of others.
Comrade Ozobo further alleged that the EFCC has been misled by individuals involved in oil theft and by naive Nigerians whose motives are grounded in envy and jealousy.
He said Tompolo who has great respect for the country’s laws will not condescend low to abuse the law, adding that it would have been better for EFCC to have looked for the unknown individuals responsible for the abuse of the naira in the viral video than dragging the innocent man to disrepute.
The Niger Delta advocate warned mischief makers to invest their time into a meaningful ventures and pursue responsible causes rather than making propaganda against the innocent Tompolo.
He emphasised that Tompolo would not respond to social media critics and unschooled individuals who take joy in manipulating fellow brothers.
Ozobo urged EFCC to be a noble organization and not to allow evil men and unscrupulous social media influencers to instigate them into commenting on unnecessary issues that were capable of threatening the fragile peace of Niger Delta.
News
Burutu LGA Chairman, Commissioner for Housing Inspect Burial Venue of Late Chief Pa Edwin Clark in Kiagbodo
By Peter Ziakegha, May 10, 2025
Kiagbodo, Burutu_The Executive Chairman of Burutu Local Government Area, Hon. Dr. Julius Takeme, in company of the Delta State Commissioner for Housing and Chairman of the Burial Venue Committee, Rt. Hon. Godknows Angele, on Friday inspected the ongoing preparations at the burial venue of the late elder statesman, Chief Pa Edwin Clark, in Kiagbodo.
The visit was aimed at assessing the state of readiness of key facilities and ensuring that arrangements are in place for a dignified and well organised ceremony. The duo expressed satisfaction with the progress of work so far.
Among the areas inspected were the main burial arena, the church slated for the final funeral rites, and the designated parking space for invited dignitaries. Workers were observed mounting canopies, setting up chairs, and grading roadways to ease access to the venue.
Speaking during the inspection, Dr. Takeme lauded the coordination and commitment of the central planning committee. He assured that all logistics would be completed in good time to honour the legacy of the late Chief Pa Edwin Clark.
Preparations are in top gear as the community, the planning committee and the local government get set to host dignitaries and mourners from across the country for the final rites of the respected leader.