Sign in Subscribe
Tinubu, Bola

Nigeria's Leadership Crisis: Wike, Atiku, Buhari, and Suswam Weigh In on Governance, Debt, and the Future

Strategic Insights

— 2 min read

Nigeria is currently grappling with a multifaceted leadership crisis as prominent figures, including Minister of the Federal Capital Territory (FCT), Nyesom Wike, Former Vice President Atiku Abubakar, and Former President Muhammadu Buhari, weigh in on governance, debt, and the future of the country.

Wike has signaled an impending hike in ground rent in Abuja, citing the refusal of property owners to pay taxes as his greatest challenge in office. The Minister of Education, Tunji Alausa, has urged WAEC candidates to shun malpractice and work hard to excel in life. Buhari's absence at ECOWAS' 50th anniversary was due to a medical checkup in the UK, and Atiku has accused the Tinubu administration of plunging Nigeria into a debt crisis, warning of long-term consequences for the country's future.

Suswam, a former Benue State governor, has described the Peoples Democratic Party (PDP) as being in an intensive care unit, with internal strife threatening its very existence.

Key Takeaways:

  • Minister of the FCT, Nyesom Wike, has signaled an impending hike in ground rent in Abuja due to the refusal of property owners to pay taxes.
  • The FCT Administration has revoked over 4700 properties for not paying ground rent, amounting to over N6 billion.
  • Former Vice President Atiku Abubakar has accused the Tinubu administration of plunging Nigeria into a debt crisis, warning of long-term consequences for the country's future.
  • The debt burden has ballooned by 1,048 per cent under the APC-led administration since 2015, from N12.6 trillion to N144.7 trillion.
  • The PAS has criticized the FCT Administration's action, describing it as unprofessional and an affront to democracy.
  • President Bola Ahmed Tinubu intervened by approving a 14-day grace period for the affected property owners to pay their debts.
  • Education Minister, Tunji Alausa, has urged WAEC candidates to avoid malpractice and work hard to excel in life.
  • Alausa stated that the new Computer-Based Test (CBT) system would minimize fraud and make it extremely difficult for anyone to hack.
  • Former President Muhammadu Buhari explained his absence at ECOWAS' 50th anniversary due to a medical checkup in the UK.
  • Buhari lauded ECOWAS' achievements and praised its founding fathers, including General Yakubu Gowon.

Statistics:

  • Over 4700 properties have been revoked in Abuja for not paying ground rent, amounting to over N6 billion.
  • The public debt has ballooned by 1,048 per cent under the APC-led administration since 2015, from N12.6 trillion to N144.7 trillion.
  • The debt burden has exceeded 50 per cent of Nigeria's GDP.
  • The debt-service-to-revenue ratio is over 130 per cent, meaning the government now spends more on repaying loans than it earns.

Sources:

  • Weekend Trust
  • Channels Television's Politics Today
  • The People's Democratic Party (PDP)
  • The All Progressives Congress (APC)

Read more