News Agency of Nigeria
‎ ‎Jonathan’s dismal record will be his obstacle in 2027— Presidency ‎

‎ ‎Jonathan’s dismal record will be his obstacle in 2027— Presidency ‎

By Muhyideen Jimoh

‎The Presidency has declared that former President Goodluck Jonathan’s “disastrous” tenure in office will be a major obstacle if he chooses to contest the 2027 presidential election.

‎Presidential Spokesperson, Mr Bayo Onanuga, made this known in a strongly worded statement on Monday in Abuja, reacting to claims by former Information Minister, Jerry Gana that Jonathan would run under the PDP in 2027.

‎Onanuga dismissed Gana’s comments as “delusional,” arguing that Nigerians will remember Jonathan’s dismal record in office, stressing that the former President cannot stage a comeback after 12 years to defeat President Bola Tinubu.

‎“The march towards the 2027 elections is prematurely foisted on the nation by the desperation of the opposition ganging up against President Bola Tinubu despite his glaring giant economic strides.”

‎“One recent statement that stands out in its absurdity, is that of Prof. Jerry Gana, a former Minister of Information and National Orientation, moving to draft former President Goodluck Jonathan into the 2027 presidential race.

‎“He affirmed that the former president would contest the coming election on the platform of the discredited PDP, which bequeathed a legacy of economic ruins, after 16 years of bad governance.”

‎“Gana even deluded himself, asserting that the former President would defeat President Tinubu to reclaim power after 12 years.”

‎Onanuga noted the courts may need to rule on Jonathan’s eligibility, given he was sworn in twice as president and could face constitutional hurdles seeking a third term.

‎He warned Jonathan against being misled by “sugar-coated” PDP loyalists like Gana, saying their motives were selfish, ethnic, religious, and political—not patriotic.

‎Onanuga claimed Jonathan would be abandoned by the same political elite mid-race, just as in 2015, leaving him politically stranded again.

‎He acknowledged Jonathan’s constitutional right to run but stressed that Tinubu would welcome the challenge while trusting the legal system to decide eligibility.

‎The presidency took aim at Jonathan’s legacy, painting a grim picture of his time in office and accusing him of economic mismanagement and weak governance.

‎“Let us remind ourselves about Jonathan’s record. We cannot forget in a hurry how his regime, devoid of any clear economic agenda, engaged in frivolous spending, ran the economy aground and put the country in dire straits.”

‎“The nation’s economic downturn, which President Tinubu is working very hard to overcome, actually began under President Jonathan.”

‎“The Jonathan administration severely damaged the economy, and all key indicators declined under his watch.”

‎“Under him, the so-called business moguls allocated foreign exchange to import fuel, simply pocketing the dollars without importing anything. Some of those big men still have court cases on the issue today.”

‎The presidency also alleged massive corruption during Jonathan’s time, particularly in security spending, citing his former National Security Adviser, Col. Sambo Dasuki (rtd).

‎“In 2010, President Jonathan inherited a total of $66 billion, of which $46 billion was in foreign reserves and $20 billion in the noble-but-abused Excess Crude Account.”

‎“By 2015, when the people democratically removed him from office, the foreign reserves had fallen below $30 billion, and the Excess Crude Account had been depleted to $2 billion, despite generating record revenue from crude oil sales that the country had never achieved in more than 25 years combined.”

‎The presidency added that from 2010 to 2013, crude oil sold for an average of $100 per barrel, yet by 2014, the government struggled to pay workers.

‎“By December 2014, however, the Jonathan-led Federal Government could no longer pay salaries to Federal Civil Servants. At least 28 states across the country owed workers huge salary arrears.”

‎In contrast, Onanuga said Tinubu had taken bold decisions to stabilise the economy in less than 30 months through subsidy removal and exchange rate unification.

‎“The President has stabilised the economy in slightly over two years in office. In 2025 Q2, the Gross Domestic Product grew by 4.23%, the highest in four years, outpacing the 3.4% projected by the International Monetary Fund.”

‎“Inflation decreased to 20.12% in August 2025, the lowest level in three years. The foreign reserves stand presently at $42.03 billion. The Naira has virtually stabilised. Investor confidence in our economy has been restored, and investors are betting on Nigeria.”

‎The presidency also highlighted Tinubu’s achievements in infrastructure and efforts to curb insecurity across the country.

‎Onanuga said the opposition is free to contest, but Nigerians will decide based on past records.

‎“President Jonathan and others are welcome to the 2027 race. They broke the economy before, but millions of Nigerians, who will not easily forget the recent past, will not allow them to return and run it down again.”(NAN) (www nannews.ng)

‎Edited by Sadiya Hamza

Tinubu’s reforms will ease cost of living soon – Onanuga

Tinubu’s reforms will ease cost of living soon – Onanuga

 

 

 

By Chioma Ugboma

 

 

 

Mr Bayo Onanuga,  Mr Bayo Onanuga, Special Adviser Information and Strategy to President Bola Tinubu, says Nigerians will soon experience a reduction in the cost of living, as the effects of the administration’s economic reforms start to materialise

 

Speaking to newsmen in Lagos on Sunday, Onanuga stated that the positive effects of President Tinubu’s policies would soon be felt across all segments of the nation.

 

Onanuga highlighted that President Tinubu had not only introduced progressive reforms but had also tackled challenges that previous administrations avoided.

 

He added that two years is an insufficient yardstick to fully measure the administration’s achievements, noting that policy experts typically assess the impact of policies over a period of 10 years to 12 years.

 

“The President’s years in office began with clear policy directions and implementation.

 

“A lot of reforms have taken place across sectors.

The President has laid down many fundamentals that would ensure growth,” he stated.

 

He acknowledged that while the positives of the President’s actions over the past two years were gradually trickling down, a significant paradigm shift had occurred in the economy, addressing many pre-existing problems.

 

Onanuga, while referring to the situation before the subsidy removal, said, “There was no fuel. Many stations were saying no fuel, no fuel.

 

“What was happening at that time was that the NNPC had reached the bottom point. It had no money to import fuel, it claimed that it was owing suppliers about six billion dollars and the government was owing it about four trillion dollars. So, it could not import any more.”

 

Addressing concerns about borrowing, Onanuga clarified that it is a common practice globally, with even countries like the U.S. engaging in it.

 

“Nigeria has abundant resources that we are harnessing, but not as much readily available money as people might think,” he explained.

 

He stressed that borrowed funds were not squandered but rather used for their intended purposes, citing large-scale projects like the coastal roads that necessitate external financing due to their immense benefits.

 

Regarding currency devaluation, Onanuga explained that it is a universal economic principle, citing instances where even the UK and the U.S. have resorted to it.

 

“Even UK and the U.S at some point devalued. These are economic principles that are universal and cannot be changed because it is Nigeria,” he asserted.

 

He added that the government had made tough decisions and simultaneously created opportunities through infrastructure development, noting that many ongoing road constructions were not initially part of the budget.

 

Onanuga further stated that Nigeria had seen an increase in production and a rise in disposable income.

 

He pointed to companies like Nestle and Nigerian Breweries, which initially faced challenges but were now sourcing materials locally and reporting profits.

 

“This economy has opened up opportunities in many forms for Nigerians. Those who can really exploit it. And they are making money,” he emphasised, giving examples of individuals making profits from exporting agricultural products like cocoa and even zobo.

 

According to him, many companies are now investing and producing in Nigeria, and these positive shifts will soon become evident and tangible for all Nigerians.

 

Onanuga stressed the importance of public understanding of the economic context, saying, “We don’t do our people any good when we keep on pushing stories of gloom and doom without allowing them to see the truth, without allowing them to see the context, and without allowing them to know that there’s actually light at the end of the tunnel.” (NAN)

 

Edited by Olawunmi Ashafa

X
Welcome to NAN
Need help? Choose an option below and let me be your assistant.
Email SubscriptionSite SearchSend Us Email