News
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 Divine Perezide
Abuja, Nigeria – July 2, 2025
A major political realignment is underway in Nigeria as leading opposition figures have formally adopted the African Democratic Congress (ADC) as the platform to challenge President Bola Ahmed Tinubu in the 2027 general elections.
The unveiling ceremony, which took place at the prestigious Shehu Musa Yar’Adua Centre in Abuja, drew a crowd of influential politicians and political observers. Amongst those in attendance were former Vice President Atiku Abubakar, former Anambra State Governor and Labour Party presidential candidate, Mr. Peter Obi, former Kaduna State Governor, Nasir El-Rufai, and former Rivers State Governor and Minister for Transport, Rt. Hon. Chibuike Rotimi Amaechi.
Also present was the former National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun, along with other notable figures from across Nigeria’s political spectrum.
The event marked the formal endorsement of the ADC by a coalition of opposition leaders who are seeking to consolidate forces in a bid to mount serious challenge to the ruling All Progressives Congress (APC) and President Tinubu in the upcoming 2027 polls.
Sources close to the coalition disclosed that discussions are already underway to restructure the leadership of the ADC to reflect the interests and participation of the newly joined political heavyweights. The move is aimed creating a united front capable of galvanising nationwide support and offering a credible alternative to the current administration.
Speaking at the gathering, coalition members emphasized the urgent need to rescue Nigeria from what they describe as deepening economic hardship, rising insecurity, and declining public trust in governance.
“The time has come for patriotic Nigerians to rise above party lines and work together to restore hope and accountability in our nation,” one of the leaders said.
The formation of this alliance signals the beginning of what could be a heated political season, with the opposition setting the tone early for what promises to be a fiercely contested Presidential race in 2027.
Moredetails regarding the coalition’s leadership structure, policy agenda, and campaign roadmap are expected to be unveiled in the coming weeks.
News
HON. NEGERESE, OTHER POLITICAL LEADERS PAY CONDOLENCES TO LATE PA. MITIN, REGENT OF OPOROMOR KINGDOM
By Divine Perezide
Yenagoa, Bayelsa State – July 2, 2025
Prominent political leaders of Ekeremor extraction and beyond paid a Condolence Visit to the family of Late Chief Mitin Tamaraumienye, the revered Regent of Oporomor Kingdom, who passed away recently.
Leading the delegation was Hon. Berry Negerese, the leader of the ‘Wind of Progress’ political movement, who described the late regent as a custodian of history, peace, tradition, unity, and a political pillar in Ekeremor and Ijaw nation at large. The visit took place in Yenagoa, the Bayelsa State capital, where family members and sympathisers gathered to honour the life and legacy of the departed patriarc.
Among others was Hon. John Alla, the Bayelsa State Commissioner for Tourism Development, Barr. Japan Udoji, State Coordinator of the Wind of Progress Movement; Hon. Victor K. Ebiyekon, Secretary of the forum; and Capt. Joshua J. Oropere, Chairman of the EA Host Communities Development Trust, Petroleum Industry Act (PIA) board.
The delegation offered heartfelt condolences to the bereaved family, acknowledging Chief Tamaraumienye’s role as a father and in preserving the cultural heritage of and traditional authority of Oporomor kingdom. They also commended his contributions to the peace and development of Ndoro community and beyond.
Ina brief remark during the visit, Barr. Udoji expressed, “The passing of Chief Tamaraumienye is not only a loss to his immediate family but also to the entire Ekeremor Local Government Area, and Ijaw Nation. He was a symbol of truth, courage, and wisdom.”
The condolence visit ended with prayers for strength and comfort for the family, and tributes echoing the profound impact the late regent had on the socio-cultural and socio-political landscape of not just Ekeremor Local Government Area but Bayelsa State and Ijaw Nation at large.
Meanwhile, burial arrangements are yet to be announced by the family as of press time.
(c) IduwiniVoice
By DivinePerezide, June 30, 2025
Tuomo, Burutu _ Peace has been fully restored to Tuomo community following recent tensions surrounding the Amananawei election, as residents warmly welcomed the Executive Chairman of Burutu Local Government Area, Hon. Dr. Julius Takeme, during a visit to the community on Monday.
Dr. Takeme’s visit was characterized with widespread jubilation, as community members, particularly women carrying placards with various inscriptions: “Tuomo People Thank Burutu LGA Chairman” , “Governor Sheriff Oborevwori, We Thank You” and others in appreciation of the swift intervention by the two authorities.
Addressing the residents, Dr. Takeme reaffirmed his commitment to maintaining law and order, emphasizing that, as the Chief Security Officer of the LGA, he would not allow any individual or group to undermine peace and security. He condemned the actions of those who took the law into their hands by intimidating, assaulting and detaining innocent persons in their local cells.
“The era of using power to intimidate or oppress people is over. The law is supreme and binding on all,” Dr. Takeme stated, urging residents to remain calm and go about their normal activities without fear.
The Council Chairman also called on the Tuomo Community Chairman, Mr. Edonyaibo Morentei Warebi, to ensure inclusive leadership and uphold the constitution guiding the community’s affairs. Similarly, he advised the newly elected Amananawei, Chief Arebebe Ebiyemi, whose election was held on June 11, 2025 to foster peace and unity in his leadership.
Dr. Takeme commended the Nigerian Police Force for her professionalism in restoring peace to the area, particularly the Burutu Area Commander, ACP Redengha Timpa, who was always on ground personally during the intervention.
In appreciation, the community leaders and residents praised Dr. Takeme for his dedication through the exhaustive expending of time, energy, finances by paying countless visits to Tuomo, ensuring the prevalence of peace and justice. The Community Chairman, Mr. Warebi, assured the Council Boss that every member of the community would be carried along and vehemently stressed that this would be a time for reconciliation, not division.
Chief Arebebe Ebiyemi also expressed gratitude for the Chairman’s leadership and support for the people of Tuomo.
As part of his visit, Dr. Takeme announced the approval of the reconstruction of the Tuomo link road, a news that sparked off spontaneous celebration, singing, and dancing among the residents.
With calm fully restored and development projects on the horizon, the people had had a renewed hope for a peaceful and united future where justice would continue to prevail and be sustained.