Former Vice President and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has voiced sharp criticism against President Bola Tinubu’s administration, accusing it of attempting to obscure economic realities through statistical manipulation and "creative accounting."
Through a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku challenged recent declarations by Finance Minister Taiwo Oyedele.
Atiku argued that government borrowing from the Central Bank of Nigeria (CBN) surged by N17.39 trillion between May 2025 and May 2026—a 77.6 percent increase.
He further questioned the source of funding for the Nigerian Education Loan Fund (NELFUND), citing official statements that the fund received N50 billion directly from recovered Economic and Financial Crimes Commission (EFCC) assets.
In response, the Presidency released a point-by-point rebuttal authored by Bayo Onanuga, Special Adviser to the President on Information and Strategy.
The Presidency dismissed Atiku's analysis as being anchored on outdated 2024 economic figures and ignoring subsequent recovery indicators.
Onanuga defended the administration's fiscal reforms, pointing out that over 1.64 million students have benefited from NELFUND with more than N303 billion disbursed through 300 higher education institutions.
"No amount of lying with statistics could shield the administration from what he described as its worsening economic record... Nigerians deserve honesty, not creative accounting." — Phrank Shaibu, SSA on Public Communication to Atiku Abubakar
#AtikuAbubakar #Presidency #TinubuReforms #NigeriaEconomy #NELFUND #ADC #CBN
Published by Qubes Magazine
Founder & Editor-in-Chief: Okwudili Onyido
Stay informed and ahead with breaking news, entertainment, and exclusive updates from Qubes Magazine—your trusted source for digital journalism.
Contact: info@qubesmagazine.com.ng
© 2026 Qubes Magazine. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten, or redistributed in whole or in part without prior express written permission from the publisher.
Post a Comment