{"id":12626,"date":"2026-11-08T18:31:37","date_gmt":"2026-11-08T18:31:37","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/08\/makinde-campaign-to-tinubu-you-weakened-naira-stop-claiming-credit-for-recovery\/"},"modified":"2026-11-08T18:31:37","modified_gmt":"2026-11-08T18:31:37","slug":"makinde-campaign-to-tinubu-you-weakened-naira-stop-claiming-credit-for-recovery","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/08\/makinde-campaign-to-tinubu-you-weakened-naira-stop-claiming-credit-for-recovery\/","title":{"rendered":"Makinde campaign to Tinubu: You weakened Naira, stop claiming credit for recovery"},"content":{"rendered":"
\"Seyi<\/p>\n

By Luminous Jannamike<\/p>\n

ABUJA \u2013 The Makinde-Daura Presidential Campaign Organisation has accused President Bola Tinubu of taking credit for the recovery of the naira after presiding over its depreciation through what it described as poorly managed economic reforms.<\/p>\n

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The organisation said Nigerians were yet to recover from the effects of the currency\u2019s depreciation and rising cost of living, insisting that an improved exchange rate meant little while millions struggled to afford food, medication and other basic necessities.<\/p>\n

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In a statement by its Director of Strategic Communications, Richard Nnanna Ihediwa, the organisation described Tinubu\u2019s claim that Nigerians would have needed wheelbarrows to purchase ordinary food items without his intervention as a distortion of the country\u2019s economic experience.<\/p>\n

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\u201cMr President, you cannot preside over the destruction of the purchasing power of our national currency and turn around to seek public applause,\u201d Ihediwa said.<\/p>\n

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Recalling the exchange rate when Tinubu assumed office on May 29, 2023, the organisation said he inherited an official rate of approximately N461 to the dollar, but his removal of petrol subsidy and unification of foreign exchange windows contributed to the naira\u2019s subsequent depreciation to nearly N2,000 to the dollar.<\/p>\n

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It also faulted the President\u2019s description of an exchange rate of N1,340 to the dollar as \u2018pocketable\u2019, arguing that the figure did not reflect the financial reality of ordinary Nigerians.<\/p>\n

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\u201cThe real test of economic recovery is whether Nigerians can afford to live better, not simply whether the naira can exchange for more dollars now than when he plunged it into the abyss,\u201d the organisation argued.<\/p>\n

Questioning the human cost of the economic hardship, Ihediwa asked: \u201cDoes President Tinubu have any empathy towards thousands of Nigerians who lost their lives because they could not afford life-saving food and medications under his administration?\u201d<\/p>\n

The organisation further cited poverty, a $2.3 trillion infrastructure deficit and public debt of N166.7 trillion as evidence of what it described as the administration\u2019s poor economic record.<\/p>\n

\u201cA President seeking re-election must defend his actual record, not campaign on falsehood and imaginary heroism,\u201d it said.<\/p>\n

Turning to the 2027 election, the organisation presented the RESET Nigeria Agenda of the Allied Peoples Movement (APM) presidential candidate, Seyi Makinde, as an alternative to the Tinubu administration\u2019s economic policies.<\/p>\n

Anchored on the principles of \u2018Stop the Loss, Recover Value and Build Systems That Prevent Failures\u2019, the agenda, according to the organisation, seeks to make citizens\u2019 welfare the measure of economic recovery.<\/p>\n

\u201cUnder the RESET Nigeria Agenda, rising oil revenues must translate into better living conditions, not merely larger government borrowing,\u201d it said.<\/p>\n

The organisation said the proposed programme would prioritise affordable energy, reliable electricity, domestic refining, agricultural security, manufacturing, investment and job creation.<\/p>\n

Ihediwa urged Tinubu to acknowledge what the organisation described as his administration\u2019s failure.<\/p>\n

The post Makinde campaign to Tinubu: You weakened Naira, stop claiming credit for recovery<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n

Source: <\/p>\n

Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"

By Luminous Jannamike ABUJA \u2013 The Makinde-Daura Presidential Campaign Organisation has accused President Bola Tinubu of taking credit for the recovery of the naira after presiding over its depreciation through… <\/p>\n","protected":false},"author":1,"featured_media":12627,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-12626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/12626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=12626"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/12626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/12627"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=12626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=12626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=12626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}