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I’ve Rescued Nigeria from Bankruptcy, Tinubu Tells Nigerian Community in Saint Lucia
President Bola Tinubu says his administration has rescued the Nigerian economy from bankruptcy.
Tinubu said this during a meeting on Wednesday in Saint Lucia. The meeting was organised by The Nigerians in Diaspora Commission Chairman, Abike Dabiri-Erewa. It involved various Nigerian professionals and students living in Saint Lucia.
According to a statement stated by Bayo Onanuga the President’s Special Adviser (Information and Strategy), Tinubu said, “We inherited a country that was near bankruptcy. But we have been able to rescue the economy. Nigeria has recovered. We have made the smuggling of our oil unattractive. We have stopped chasing forex papers at the Central Bank of Nigeria.”
Tinubu admitted that Nigeria’s per capita income is low, but said his administration was working to improve it.
The Nigerian leader also said that, based on what his hosts told him, Nigerians in Saint Lucia have demonstrated good character. He urged them to continue to be good ambassadors of Nigeria.
He said: “My plea to you all: continue to be of good behaviour, don’t break the law.”
Sharing his experience as a student in the United States five decades ago, President Tinubu urged the Saint Lucian Nigerians to remain focused and work hard.
“Life is about working hard, being consistent, he said.. “For the professionals living here, our government will not abandon you. But you must work hard. It is our job to help you succeed.”
The NIDCOM chairman, on her own part, said Nigeria is proud of what Nigerians contributed to Saint Lucia and hoped they would remember home.
The statement said Smart Okeudili Duah, President of Nigerians in Diaspora Organisation, NIDO, informed the Nigerian leader of some of the problems Nigerians are encountering, particularly the cost of a work permit, which is $2,500 yearly.
He also urged the President to establish a diplomatic presence in Saint Lucia as urgently as possible, a plan President Tinubu has already committed to.
Onanuga’s statement further noted that Father Festus Iwuagwu, a Nigerian priest resident in Saint Lucia, said the high turnout at the meeting indicated Nigerians’ love and respect for President Tinubu.
Doctor Olugbemisola Ogunlusi, who moved to Saint Lucia after graduating as a paediatrician at Obafemi Awolowo University in Ile-Ife, said she was happy President Tinubu visited Saint Lucia.
In the statement stared by Onanuga, it was said Ogunlusi and her husband migrated to the country 19 years ago and raised children who are medical doctors. However, her husband returned home and appointed the chief medical director of one of the new federal medical centres.
“Since you arrived, you have propagated Nigeria more than ever thought”, she told President Tinubu. She wished President Tinubu a safe journey home.
The Nigerians, the statement said, gifted the President a portrait in his image, made by Doris, a medical student and artist.
World-renowned boxer Anthony Joshua on Monday survived a ghastly road accident in Makun, Ogun State.
Eyewitnesses report that the incident occurred along a busy highway of the Lagos-Ibadan expressway.
The vehicle carrying Joshua, a Lexus Jeep with the number plate, KRD 850 HN, reportedly collided with a stationary truck under circumstances that are still being investigated.
Joshua reportedly sustained minor injuries, while two persons were said to have died on the spot.
Former Vice President Atiku Abubakar has cautioned that any attempt to hurriedly re‑gazette Nigeria’s new tax laws could undermine parliamentary oversight and set a dangerous constitutional precedent.
Atiku’s warning follows public scrutiny over reports that the Tax Reform Acts signed by President Bola Tinubu differ from the versions passed by the National Assembly. Lawmakers, including Abdussamad Dasuki, raised concerns that the alterations could pose serious legal and constitutional risks, noting that they were not backed by any constitutional framework.
In a statement on X, Atiku said the directive to re-gazette the Acts effectively confirms “that the gazetted version of the Tinubu Tax Act does not reflect what was duly passed by the National Assembly,” calling it “a grave constitutional issue.”
He emphasized that under Section 58 of the 1999 Constitution, a bill only becomes law after passage by both chambers, presidential assent, and gazetting.
“Gazetting is merely an administrative act of publication. It does not create, amend, or validate a law,” Atiku said, adding that any post-passage insertion, deletion, or modification without legislative approval constitutes forgery rather than a clerical error.
Atiku further warned that rushing a re-gazetting while legislative investigations are ongoing “undermines parliamentary oversight and sets a dangerous precedent,” stressing that the only lawful approach is “fresh legislative consideration, re-passage by both chambers, fresh presidential assent, and proper gazetting.”
The former vice president clarified that his position is not opposition to tax reform but a defence of constitutional order.
“This is a defence of the integrity of the legislative process and a rejection of any attempt to normalise constitutional breaches through procedural shortcuts,” he said.
The Federal government has denied wrongdoing, insisting the laws will take effect as scheduled on January 1, 2026, while the National Assembly has directed the issuance of Certified True Copies of the Acts to ensure clarity and accuracy.
Barring unforeseen circumstances, the Labour Party (LP) Presidential Candidate in the 2023 elections, Mr. Peter Obi, is set to formally join the African Democratic Congress (ADC) on December 31, 2025.
The development would put to rest months of speculation about where the former Governor of Anambra State would pitch his tent in the coming elections.
Reports claim that Obi would be defecting with serving senators and other lawmakers elected on the platform of the LP, as well as remnants of the Peoples’ Democratic Party (PDP) in the South East region.
Specifically, Obi would be defecting alongside the Senator representing Anambra Central, Victor Umeh; that of Anambra North, Tony Nwoye; Abia South, Enyinnaya Abaribe; PDP chieftain Ben Obi; and members of the Obidient movement in the region.
It is not clear if the Abia State governor, Alex Otti, is part of the planned movement to the ADC.
The governor was recently approached by the PDP to join the party and re-contest his current position in 2027.
Further reports quoted Obi’s spokesperson, Valentine Obienyem, as confirming the planned defection of his boss to the ADC.
“Yes, it is true,” he reportedly said on Sunday.
Senator Umeh said the event would hold in Enugu, adding that it would involve all Obi’s supporters across the South East region.
“They will come from Abia, Anambra, Ebonyi and Imo states to join those in Enugu, where this exercise will hold on 31st December,” he reportedly added.
Sources hinted that Obi, who has not hidden his intention to appear on the ballot in 2027, would contest the presidential ticket of the ADC.
On his part, Chief Chekwas Okorie, reportedly said that the expected formal defection of Obi to the ADC is a healthy development that could reshape the thinking and permutations of the 2027 general elections.
“I imagine that he would be defecting along with most of his associates and followers. I believe that a fortified and strong ADC will add value to the opposition and assuage the general fear of a possible one-party option to Nigerians come 2027. The APC, ADC and possibly the PDP locking horns in the 2027 democratic encounter promises a vibrant and robust electioneering campaign that will provide Nigerians the required options to make informed choices in electing their preferred leaders at all levels. I imagine that the APC leadership will return to the drawing table to map out the strategy to confront the emerging challenge. Nigerians are in interesting times,” Okorie stated.
National President of Njiko Igbo Forum (NIF), Rev Okechukwu Obioha, vouched support for Obi to ensure he reaches the pinnacle of his political career. He, however, cautioned that the ADC should not compromise merit and integrity in the choice of its presidential candidate, stressing that Obi remains the “hope for the restoration of the country on the path of greatness.”
