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Nigeria’s economy stabilises, as oil production hits 1.7 MBPD, FAAC up by 60% – Presidency.

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…Says ADC danced on Buhari’s grave for relevance – Presidency

The Presidency on Saturday, condemned criticism by the African Democratic Congress (ADC), accusing Tinubu’s administration of mismanaging the economy and using the opportunity of late President Muhammadu Buhari’s death and burial to score cheap political gains, adding that the economy has stabilised, with oil production now at 1.7 million barrels per day and Federation Account Allocation rise by 60%, under the current administration

Sunday Dare, the special adviser to the president on media and public communication, stated this in response to the criticisms by the ADC, adding that rather, the ADC ” danced on late President Muhammadu Buhari’s burial for relevance”.

He disclosed that the criticism by the ADC,  regarding former President Buhari’s state burial is nothing but an opportunistic exercise in manufactured outrage “a laughable tantrum by a poorly amalgamated political contraption desperately clutching at straws for relevance it will never attain.”

Read also: Tinubu using Buhari’s death to whitewash his ‘battered public image’ = ADC

The presidency noted that the “ADC — in its pitiful, stuttering attempts at reinvention — has embarrassed itself with hollow, attention-seeking criticisms and press releases. A party still grappling with an identity crisis presumes lecturing the President of the Federal Republic on governance, decorum, and public accountability. How utterly ridiculous?”

Presidency, which reeled out the achievements of the Tinubu administration, said the Naira stabilised while the exchange rates harmonised and oil production is currently up to 1.7MBPD.

According to Dare ” FAAC allocations increased by over 60%,  31 states, once crippled by debt, are now paying salaries, pensions, and contractors and Naira decoupled from oil market volatility, regaining resilience.”

” Electricity restored to long-neglected communities. Infrastructure delivered: Ogbia-Nembe Road, Lagos-Calabar Coastal Highway, Sokoto-Badagry Road, and NELFUND: About 400,000 students benefit from the historic loan scheme.

Others include ” the establishment of “Regional Commissions were established to drive balanced development nationwide.”

Presidency also recalled the establishment of the Consumer Credit Scheme, describing it as ” a first, laying the foundation for a credit-based economy and attacking corruption at its root”

“These are not press statements. These are results. Tangible, measurable, and ongoing. That is leadership.

Read also: Nigeria’s current account balance to slow on weaker oil production

“What does the ADC offer Nigerians beyond sanctimonious whining? Absolutely nothing. If the ADC spent merely half the time it uses on press releases to handle issues from its disenchanted members, the party wouldn’t grapple with many legal problems.

He noted that the party is consumed by internal squabbles, facing multiple court cases over its very existence, and reduced to issuing these baseless attacks to cling to the fringes of relevance. Are these strange bedfellows, ones to be taken seriously?

“Let it be said without equivocation: Nigerians are not fooled. No press statement — however venomous — can erase the facts of progress. President Tinubu honoured Buhari with dignity in death and continues to honour his legacy through hard work, not hollow words.

“Governance continues, Nigeria is stable, and President Tinubu remains focused on delivering the Renewed Hope Agenda, not on dignifying the desperate antics of political scavengers.”

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