Politics
Naira Redesign: Lagos Assembly Commends NASS
– Says Nigerians are suffering, economy in danger
The Naira redesign policy of the Central Bank of Nigeria (CBN) has brought mass suffering on the citizens of the country while the economy is in danger, the Lagos State House of Assembly has lamented.
The lawmakers further noted that even though the policy was a good one, its timing was wrong as it had further thrown the country into economic chaos which could become difficult to resolve if urgent steps are not taken.
The CBN had announced a 10-day extension of the deadline for currency swap at the weekend, but at a sitting presided over by Speaker Mudashiru Obasa on Tuesday, the lawmakers urged the CBN to extend the deadline for currency swap as the policy had not helped the country.
Dr. Obasa noted that the concern of the lawmakers had to do with the pains, anguish and anger spreading among Nigerians over their inability to access the new currency.
“Economists have said most times you cannot use new currency to control inflation, it doesn’t achieve the purpose most times,” Obasa said adding that the intention of the policy as claimed by CBN had been defeated owing to the various complaints from experts and people across the country.
The Speaker said the CBN should have engaged stakeholders while citizens should have been adequately carried along rather than an ‘over-night’ policy by the CBN.
“There are people in the rural areas. It is obvious that the additional 10 days is not even going to be enough.
“The idea is a good one but the way it is being implemented will have an adverse effect on the people.
“We need to commend the National Assembly for showing quality representation and prompt action to intervene for an extension of the deadline.”
The Speaker said that in other countries, old currencies are not discarded in a rush, but allowed to gradually fade out of the system.
Hon. Rotimi Olowo, the lawmaker representing Somolu Constituency 1 who moved the motion, sought for an extension of the deadline till July 2023 in line with the resolution of the National Assembly, while noting the suffering the policy had brought on Nigerians.
Olowo complained about the unavailability of the new notes and the effect on the people, including small business owners and those in rural areas.
Contributing to the motion, Hon. Saka Solaja, chairman of the House committee on public account for state, argued that financial policies are not implemented the way the CBN had gone about the Naira redesign.
“We see videos of people beating themselves mercilessly at ATMs, yet there is no money,” he lamented while supporting the call for an extension of the deadline by the CBN.
On his part, Hon. Richard Kasunmu (Ikeja II) argued that the timing of the policy was not right, especially as the country was still grappling with challenges of effective internet connectivity.
He recalled how he spent five hours a day earlier trying to make an electronic transfer of ₦55,000 to resolve an emergency situation.
“We should be looking at the larger Nigerian people. If we want to survive the Nigerian economy, this should not be a good time for such policy,” he said.
While Hon. Victor Akande (Ojo 1), argued that Emefiele breached a part of the CBN Act concerning the policy, Hon. Setonji David noted: “All over the world, CBN governors are economists, not bankers like Emefiele.
“Our people are suffering and the money can’t be found at the ATMs. If you go to the ATMs, you would see how people are struggling,” he lamented.
The motion was passed by the Speaker after a voice vote of all the members at the sitting.
Politics
ADC’s Aisha Yesufu Issues Public Apology For Listing Yemi Adamolekun Without Consent
Prominent activist and African Democratic Congress (ADC) member Aisha Yesufu has issued a public apology to governance advocate Yemi Adamolekun following a controversy over her inclusion in the party’s Wise Men and Women Policy and Manifesto Committee.
The issue emerged on Wednesday after Adamolekun, former executive director of Enough is Enough Nigeria, expressed surprise on social media at seeing her name listed among members of the ADC committee.
Tagging Yesufu and ADC spokesperson Bolaji Abdullahi, Adamolekun questioned the party’s process in a blunt post on X.
“ADC! ADC! ADC! How many times did I call you? This is not how to build credibility o! Please show me evidence of when I joined your party! Na wa….” she wrote.
Responding the same day, Abdullahi said the committee was designed to be expert-driven rather than strictly partisan.
“It is important to point out that not everyone on the ADC Policy and Manifesto Committee is a member of the ADC. Many are not even politicians,” he said.
He added, “This is because the ADC believes that the task of developing workable public policies for the benefit of all Nigerians should not be left to politicians alone.”
Abdullahi maintained that the party had followed due process.
He said the ADC had undergone a “vetting process” and “took all necessary measures to ensure that everyone recommended to serve on this important committee was duly notified and had given their consent.”
Despite the disagreement, he expressed hope that Adamolekun would still participate, citing her “vast experience – even though she is not a member of our party.”
However, reacting on Friday, Yesufu, a member of the party’s Revalidation, Mobilisation and Registration Committee, acknowledged the error and apologised publicly.
She wrote, “This is inexcusable, and on behalf of my party, accept my apologies for this mix-up. We do not take you and your need to have a better Nigeria for granted.”
Yesufu admitted the process was flawed.
“Like you rightly pointed out, you ought to have been informed and your consent gotten before your name is published.
“This is well noted, and going forward we will continue to ensure due diligence,” she said.
She added, “Thank you for calling our attention to this. We can only get better when we get such feedback and improve accordingly.
“The work to rebuilding Nigeria is enormous, and in our eagerness to start off, we must never forget due process and diligence.”
Yesufu also extended an apology to others affected by the publication.
“For anyone that was also not contacted and consent gotten before publication, kindly accept my apologies for the mix-up,” she said.
Politics
Atiku’s Son Gives Thumbs Up To Tinubu’s Economic Policies, Backs Another Term
Abba Atiku Abubakar, son of former Vice President Atiku Abubakar, has attributed his support for President Bola Ahmed Tinubu’s re-election bid to what he described as the administration’s innovative and business-friendly economic policies.
He said President Tinubu’s economic initiatives are more favourable to businesses than those of previous administrations, adding that the reforms have reshaped his political alignment ahead of the 2027 general elections.
Abba made the remarks during a solidarity visit to the leadership of the City Boy Movement (CBM) in Abuja on Monday evening, where he led members of the Haske Atiku Organisation, now rebranded as the Haske Tinubu Organisation.
He recalled that he formally defected to the All Progressives Congress (APC) on January 15, collecting his membership card at Gwadabwa Ward in Yola North Local Government Area of Adamawa State, where he publicly pledged support for Tinubu’s second-term ambition.
According to him, his decision to back the president was driven by admiration for the economic policies introduced since 2023, which he believes are positioning the country for stronger private-sector growth and investment.
According to him, “This administration has introduced policies that have every Nigerian in mind. If anyone says this government is not doing well, I will tell them they are lying,” he said. “I believe that if given another term, the government will do even more because it is focused.”
He explained that his long-standing experience in business has given him a clear perspective on economic governance in Nigeria.
“Since the return of democratic rule in 1999, I have been in business, and I am still in business today. The economic policies of Mr. President are favourable—not just to businesses, but to Nigerians in general, who are already benefiting from these reforms,” he stated.
He also explained that his decision to join the APC and align with the City Boy Movement was motivated by his passion for the Tinubu-led administration and his desire to serve.
“My joining the APC and the City Boy Movement is based on my belief in this administration. I also intend to use this platform to serve the people of Adamawa at the National Assembly level. Mr. President has made youth inclusion in politics a reality,” Abubakar added.
The Director General of the City Boy Movement, Mr. Oluwatosin Shoga reaffirmed President Tinubu’s commitment to youth participation in governance and leadership.
He noted that one of CBM’s core strategic mandates is to ensure that young Nigerians are deliberately positioned for leadership roles while encouraging greater youth involvement in the political process.
Abba’s delegation was received by the Director General of CBM, Mr. Shoga, and the National Coordinator, Mr. Favour Abayomi.
Politics
Oriyomi Hamzat Formally Joins 2027 Oyo Governorship Race Under Accord Party
Popular Ibadan-based broadcaster and founder of Agidigbo 88.7 FM, Alhaji Oriyomi Hamzat has officially declared his intention to run for the 2027 Oyo State governorship under the Accord Party.
In a public declaration, Hamzat stated, “I am publicly declaring today that in 2027.
“I will not campaign for anyone or mobilise crowds for anyone.
“I will contest in the gubernatorial election under the Accord Party.”
The announcement signals Hamzat’s full commitment to his own political ambitions, stepping away from backing other candidates as he positions himself for the Oyo State governorship race.
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