Former Vice President Atiku Abubakar launched a forceful critique of President Bola Tinubu on Friday, issuing the statement through his Senior Special Assistant on Public Communication, Phrank Shaibu. The African Democratic Congress chieftain accused the president's reforms of distorting Nigeria's reform history and labelled Tinubu's recent comments a "reckless tirade" that reveals "a troubling pattern of hypocrisy and historical amnesia."
Atiku warned that "Across the country, families are skipping meals, businesses are shutting their doors, and hardworking citizens are watching their incomes evaporate under the weight of relentless inflation and a collapsing purchasing power. The cost of living has become unbearable, insecurity continues to stalk communities, and hope is steadily giving way to despair." He added that the policies "bite harder each day while offering no clear path to recovery."
The former vice‑president rejected Tinubu's stance on privatisation, arguing that the current administration is overseeing a "commercialisation of the national oil company in opacity—without clear valuation, without transparency, and with lingering questions about who truly benefits." He declared, "This is not reform; it is privatisation without accountability."
Atiku cited Oando Plc (formerly Unipetrol), Conoil Plc, African Petroleum (now Ardova Plc), Indorama Eleme Petrochemicals, Benue Cement Company and Transcorp Hilton Abuja as examples of successful privatisation under his watch. He also questioned Tinubu's education, noting the president's claim of attending a Lagos school two years before its founding and a disputed Chicago State University degree, and referenced Mallam Nasir El‑Rufai's book The Accidental Public Servant as a record of past privatisation efforts.
Atiku Abubakar bluntly asserts that President Bola Tinubu's economic agenda has become "privatisation without accountability." He links the president's policies to families skipping meals, shops closing and wages eroding under soaring inflation. For ordinary Nigerians this translates into daily hardship and a bleak outlook, with the cost of living described as unbearable.
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