Politics tamfitronics
The Presidency accused Atiku of hypocrisy and execrable politics over his claims of struggle of passion in opposition to President Tinubu.
In step with Atiku, the mission is awarded to Hitech, owned by Gilbert Chagoury, who he described as “President Tinubu’s ally and enterprise partner”.
He moreover claimed the award of the contract to Hitech constitutes a struggle of passion for the reason that President’s son, Seyi, is a director on the board of CDK Built-in Industries, a subsidiary of the Chagoury Neighborhood, which is moreover the father or mother firm of Hitech.
Nonetheless the Special Adviser to the President on Knowledge and Approach, Bayo Onanuga, described Atiku’s accusation as “fun” and “odd”.
His advise reads: “We found it odd that Alhaji Atiku might perhaps perhaps accuse President Tinubu of struggle of passion in the award of Lagos-Calabar Coastal toll road to Hitech Construction Firm which he claimed is owned by Chagoury family for the reason that President’s son, Seyi Tinubu, sits on the board of CDK, a tiles manufacturing firm, basically based entirely in Sagamu, Ogun Remark.
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“Nigerians must quiet, by now, be nicely conversant in Atiku’s hypocrisy on many nationwide concerns.
“Is it no longer fun that the worn Vice President, a man who overtly acknowledged he formed Intels Nigeria with an Italian businessman when he used to be serving in the Nigeria Customs Provider, a transparent breach of extant public carrier rules, is now the one accusing somebody else of struggle of passion?
“When he used to be Vice President of Nigeria between 1999 and 2007, he maintained his enterprise hyperlinks with Intels that obtained valuable port concession deals.
“Became once this no longer an abuse of negate of work, a flagrant violation of his oath, that a firm where he used to be a co-proprietor obtained valuable authorities contracts and concessions when he used to be vice chairman?
“As Chairman of the Nationwide Council on Privatisation, he accredited sales of over 145 negate-owned enterprises to his known pals and pals and overtly acknowledged all the procedure through his failed advertising and marketing campaign for the presidency final year that he would elevate out the similar if elected.
“It’s a ways critical to negate clearly that Seyi Tinubu is a 38-year-worn adult who has a magnificent to encourage out enterprise and pursue his enterprise interests in Nigeria and wherever in the sphere, all the procedure through the limits of the legislation.
“The truth that his father is now the President of Nigeria doesn’t disqualify Seyi from pursuing unswerving enterprise interests.
“For the facts, Seyi joined the Board of Directors of CDK in 2018, more than six years prior to now.
“He is representing the fervour of an investor firm, whereby he has passion.
“He is no longer a board member on account of his father is a chum of the Chagourys.
“Knowledge about owners and shareholders of CDK is a matter of public story that would perhaps be overtly accessed from the procure pages of the Company Affairs Commission and CDK’s.
“Atiku and his proxy did no longer need moderately-known journal to recycle originate-supply data to invent a unsuitable argument.
“The Chairman of CDK and the finest shareholder of the firm is revered Frequent TY Danjuma (rtd).
“The Chagourys are minority shareholders in the firm, and easiest one member of the clan is on its 5-man board.
“We wonder how Seyi’s membership of the board of CDK conflicts with Hitech Construction Firm’s work on the Lagos-Calabar Coastal superhighway.
“Alhaji Atiku has been waging an unrelenting war in opposition to this all-critical and transformative mission for no justifiable reasons other than execrable politics.
“Atiku is conscious of that its huge success and other projects to be unfurled, such because the Badagry-Sokoto superhighway, will seemingly be a critical enhance for President Tinubu and lastly upend his perennial presidential ambition.”
The Presidency accused Atiku of politicising the verbalize.
The advise provides: “If no longer blinded by political ailing-will, Alhaji Atiku is conscious of that the magnificent thing for him to encourage out is to applaud President Tinubu for the ambitious and fearless Lagos-Calabar Toll road, which used to be accredited by the Federal Government Council.
“It’s a ways critical to remind Alhaji Atiku that infrastructural projects such because the Lagos-Calabar Coastal Toll road are primitive to galvanise the financial system.
“In the US, President Joe Biden has primitive his $2 trillion bi-partisan infrastructure deal to revamp decaying American infrastructure and inject lifestyles into the US financial system.
“How can an elder statesman be waging a advertising and marketing campaign of calumny in opposition to the financial fortunes and prosperity of a nation he desires to manipulate or searching to mosey a mission that can elevate prosperity to nine coastal states and the nation in well-liked?”
Reacting to yet any other controversy raised by the worn Vice President, the Presidency acknowledged the Tinubu Administration had attracted over $20 billion in investments within its first year, contrary to claims by Alhaji Atiku Abubakar.
“Contrary to Atiku’s snort, the Tinubu administration, within its first year, has attracted over $20 billion into the financial system.
“While President Tinubu used to be in Fresh Delhi, India for the G20 Summit final year August, Indian enterprise leaders committed over $14 billion in original investments. An limitless segment of this sum is already in the nation.
“In an unmistakable vote of confidence in the financial reforms being done by the Tinubu administration, in a foreign country investment in Nigeria’s stock market has ballooned, from N18.12 billion in Q1 2023 to N93.37 billion in Q1 2024, an prolong of 415 per cent.
“The final time Nigeria saw one of these stage of investment used to be in the first quarter of 2019, when N97.6 billion used to be invested.
“The market, since Tinubu came to vitality, has broken data and created more wealth for the investors.
“For the period of President Tinubu’s present outing to The Netherlands, the High Minister, Mark Rutte, announced a recent $ 250 million investment by Dutch companies in Nigeria.
“Various sectors of the financial system, severely telecoms, manufacturing, solid minerals, oil and gasoline, e-commerce, and fintech, are attracting original International Dispute Investments from discerning investors who know Nigeria is a lawful market for bountiful returns.
“That Nigeria’s financial system is being reclassified by the IMF because the fourth greatest in Africa is veteran data. This took negate on account of of the devaluation of the Naira and President Tinubu’s decided effort to location the financial system on the path of sustainable growth.
“Underneath the innovative, bold, creative, and modern management of President Tinubu, Nigeria will leap encourage to where it rightfully belongs as Africa’s greatest market and greatest financial system.
“The Tinubu administration targets a $1 trillion financial system in the following couple of years, with fearless financial programmes and severe infrastructure projects in key sectors.
“With income rising in trillions and the creation of the Renewed Hope Infrastructure Fund, which is poised to raise over N20 trillion this year alone, we construct no longer have any doubt that the $ 1 trillion financial system is realisable.”
