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Onanuga schools Atiku over Lagos-Calabar highway, Chagoury family link

The controversy surrounding the Lagos-Calabar Coastal Highway continues, with the Special Adviser to the President on Information and Strategy, Bayo Onanuga, criticizing former Vice President Atiku Abubakar for allegedly distorting facts to score political points.

Onanuga accused Atiku of developing a reputation for manipulating facts to discredit the current administration.

He stated that Atiku’s claims on several issues need to be corrected to prevent the public from being misled.

Onanuga insisted that Atiku’s actions were driven by a self-serving objective of discrediting the government, rather than working towards the unity and economic well-being of the country.

The President Bola Tinubu-led administration believes that all patriotic Nigerians, regardless of political differences, should work together to promote national unity and economic prosperity, rather than undermining the government’s efforts to attract local and foreign investments, according to Daily Post.

By correcting Atiku’s distorted facts, Onanuga aimed to promote a more informed public discourse and support the government’s efforts to develop the country’s economy.

He said, “Contrary to Atiku’s claim, the Tinubu administration, within its first year, has attracted over $20 billion into the economy. While President Tinubu was in New Delhi, India for G20 Summit last year August, Indian business leaders committed over $14 billion in new investments. A substantial part of this sum is already in the country.

“In an unmistakable vote of confidence in the economic reforms being executed by the Tinubu administration, foreign investment in Nigeria’s stock market has ballooned, from N18.12 billion in Q1 2023 to N93.37 billion in Q1 2024, an increase of 415%. The last time Nigeria saw such level of investment was in the first quarter of 2019, when N97.6 billion was invested. The market, since Tinubu came to power, has broken records and created more wealth for the investors.

“During President Tinubu’s recent trip to The Netherlands, the Prime Minister, Mark Rutte, announced a fresh $ 250 million investment by Dutch businesses in Nigeria.

“Different sectors of the economy, especially telecoms, manufacturing, solid minerals, oil and gas, e-commerce, and fintech, are attracting new Foreign Direct Investments from discerning investors who know Nigeria is a good market for bountiful returns.

“We found it strange that Alhaji Atiku could accuse President Tinubu of conflict of interest in the award of Lagos-Calabar Coastal highway to Hitech Construction Company, which he claimed is owned by Chagoury family because the President’s son, Seyi Tinubu, sits on the board of CDK, a tiles manufacturing company, based in Sagamu, Ogun State.”

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