Wednesday, July 22, 2026

Jega, Onaiyekan say Buhari, CBN’s ill-timed policies ‘poisoning’ Nigeria’s economy, politics 

“The political, social and economic environment in the country is being poisoned by ill-timed policy measures such as the naira redesign policy.”

• February 16, 2023
Attahiru Jega and Cardinal John Onaiyekan
Attahiru Jega and Cardinal John Onaiyekan

Cardinal John Onaiyekan, Attahiru Jega, Martin Agwai and others have called for peaceful and credible elections slated for February 25 and March 11 but noted that President Muhammadu Buhari and CBN’s ill-timed policies are “poisoning” Nigeria’s economy and politics.

They explained this in a statement co-signed by other members of the Nigerian Working Group on Peacebuilding and Governance, a coalition of eminent Nigerians. Others are Fatima Balla, Nguyan Feese, Jibrin Ibrahim, Usman Bugaje, Aisha Murtala Muhammed-Oyebode and Chris Kwaja.

“The political, social and economic environment in the country is being poisoned by ill-timed policy measures such as the naira redesign policy and rising tension between the Presidency, the central bank and state governors,” they explained. “While the cash crunch is crippling the economy and increasing hardship, we are concerned about the dangers posed by the anti-social and anti-democratic actions of some of the political actors.”

According to the group, the 2023 elections will allow Nigeria to make remarkable progress towards strengthening and consolidating its democracy.

“Our nation is preparing for one of the most monumental markers of any democracy on February 25. We will exercise our rights and responsibilities as citizens to choose our next president, governors and legislators. The members of the working group on peacebuilding and governance in Nigeria, composed of civic and religious leaders, wish to lend our voices to this important, exciting and naturally tension-filled period,” noted the group.

It added, “Our country has made remarkable progress toward strengthening and consolidating our democracy and this year marks 24 years since the restoration of democratic, multiparty constitutional rule in Nigeria. We can be proud also that just as in 2015, we achieved the country’s first-ever peaceful presidential transition from an incumbent to an opposition candidate.”

The concerned Nigerians explained that the elections also “provide yet another opportunity for a peaceful transition of power through a credible process.”

The group, however, expressed concerns about worrying signs that major challenges still plagued the democratic culture of Nigeria, stating that there are significant signs that many in the political class still deploy violence and purveying fake, hate and dangerous messages.

They said the culture of vote buying remained a significant threat to the ability of Nigerians to vote for credible and competent candidates despite the ongoing currency change crisis, which might make citizens even more vulnerable to inducement.

The group urged Nigerians to be more determined to defend their rights to a free, fair and credible election, calling on all election stakeholders to remain vigilant in ensuring peaceful and credible electoral outcomes determined by citizens.

They also urged election stakeholders to ensure that the elections were held per the applicable laws, rules and regulations and based on common respect for every citizen’s humanity and the country’s democracy.

They added that the Independent National Electoral Commission (INEC), political parties and their supporters and the Nigeria security forces had a special responsibility in the period leading up to the elections, during and after.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

United States President Donald Trump

World

U.S. judge orders Trump to release financial records sought by BBC

A court has ordered Mr Trump to produce the financial documents the BBC requested as part of the legal proceedings in his $10 billion defamation suit.

illegal refining sites

Economy

Navy uncovers nine illegal refineries in Rivers

Five newly excavated pits, prepared for imminent use, were also found and neutralised before they could become operational.

Cannabis

States

Alleged drug trafficker nabbed with 28 bags of cannabis in Katsina

The police command in Katsina arrested a 37-year-old suspected drug trafficker and recovered 28 bags of suspected cannabis from him.

Atiku Abubakar, Bola Tinubu and Peter Obi

Politics

Rigged 2027 presidential election could spell doom for Nigeria: Sam Amadi

“A rigged election in 2027 could be the trigger for a very devastating outcome for the country,’’ Sam Amadi warned.

Gombe governor Yahaya Inuwa

Politics

Gov Yahaya commends Ashaka Cement’s contributions to development of Gombe

Governor Inuwa Yahaya commended Ashaka Cement for its contributions to Gombe’s socio-economic development and industrial growth.

UNN building

Education

COREN inducts 250 UNN engineering graduates

The Council for the Regulation of Engineering in Nigeria on Tuesday inducted the maiden 250 graduates of the Faculty of Engineering, University of Nigeria Nsukka (UNN).