
Former Vice President Atiku Abubakar has criticised President Bola Tinubu's touted rise in FAAC allocations, calling it a 'money illusion'. According to Atiku, the nominal increase masks a 40% fall in the naira's dollar value, weakened purchasing power, and about ₦5.3 trillion in state debt, challenging the administration's claims of economic progress for states and citizens.
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Former Vice President Atiku Abubakar has accused President Bola Tinubu's administration of creating an illusion of economic prosperity by celebrating rising naira-denominated revenues. According to a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Nigerians are simultaneously facing currency depreciation, inflation, declining purchasing power and mounting public debt. Atiku argued that bigger naira revenue figures mask reduced real economic value for ordinary citizens.
Leadership (NG)·September 9, 2026 at 6:14 PM
Former Vice President Atiku Abubakar has urged Nigeria's Federal Government to explain the real impact of rising Federation Account Allocation Committee (FAAC) disbursements, arguing that higher naira figures should be weighed against currency value, inflation, and state obligations. According to Tribune Online, Atiku made the call on Wednesday through his Senior Special Assistant on Public Communication, Phrank Shaibu, questioning whether the increased allocations translate into genuine benefits for citizens.
Tribune Online (NG)·September 9, 2026 at 7:11 PM
Former Vice President Atiku Abubakar has described President Bola Tinubu's Federation Account Allocation Committee (FAAC) revenue boom as a scam, arguing it has delivered no tangible value to Nigerians. According to a statement issued by his spokesperson, Phrank Shaibu, and shared on X on Wednesday, Atiku said the much-celebrated FAAC boom has not translated into improved living standards for citizens despite increased allocations to government tiers.
Daily Post (NG)·September 9, 2026 at 7:57 PM
Atiku Abubakar, the presidential candidate of the African Democratic Congress (ADC), has called on the Nigerian federal government to clarify the whereabouts of what he terms the 'missing' two percent of the country's GDP, following a disclosure from the International Monetary Fund (IMF).
Naija News·July 5, 2026 at 2:37 AM
Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC), has criticised President Bola Tinubu's economic policies, describing the recent flight of foreign portfolio investments from Nigeria as a "vote of no confidence" in the administration's economic management. According to Leadership newspaper, Atiku made the remarks in a statement issued on Tuesday by his Senior Special Assistant, blaming the government's handling of the economy for the investor exodus.
Leadership (NG)·September 8, 2026 at 10:47 PM
Former Vice President Atiku Abubakar has criticised President Bola Tinubu's economic management, describing a reported N266 billion net outflow of foreign portfolio investment as a vote of no confidence in the administration. In a statement issued by his media team on Tuesday, Atiku said the capital flight exposed a confidence crisis in Nigeria's economy, according to the Daily Post. The remarks add to ongoing political debate over the country's economic direction under Tinubu.
Daily Post (NG)·September 9, 2026 at 10:40 AM