2027 Election: "Desperate for Power," Presidency Tackles ADC Coalition in Fresh Message
- Ahead of the 2027 election, some opposition leaders aligned under the ADC in their bid to democratically unseat President Bola Ahmed Tinubu
- The presidency said these politicians are "desperate for power", slamming for them habitually downplaying Tinubu's purported achievements
- According to Bayo Onanuga's analysis, the All-Share Index (ASI) has gained massively since President Tinubu assumed office in May 2023
Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering politics, elections, and governance in Nigeria.
FCT, Abuja - The presidency on Tuesday, August 12, subtly some "politicians desperate for power" for downplaying President Bola Tinubu's "achievements".
In a post by Bayo Onanuga, one of the three presidential aides, the presidency asserted that "we must acknowledge the positive transformation taking place in the economy".
Source: Twitter
Legit.ng reports that the subtle jibe by Onanuga comes as opposition figures unite under the umbrella of the African Democratic Congress (ADC) coalition.
Onanuga, via his verified X (formerly Twitter) account, stated that his principal has brought "unprecedented prosperity" to investors at the Nigerian Exchange Limited (NGX).
He wrote:
"When President Bola Ahmed Tinubu took office on 29 May 2023, the All Share Index at the Nigerian Exchange was 52,973.88 points. The market capitalisation was N28.845 trillion.
"Today (Tuesday, August 12, 2025), the stock market valuation has soared to unprecedented heights.
"The benchmark All-Share Index (NGX-ASI) closed on Tuesday at 146,055.89 points, bringing year-to-date returns to 41.90%. Market capitalisation edged up to ₦92.40 trillion from ₦92.33 trillion in the prior session.
"Compared to the market position in 2023, there has been an increase of over 300 per cent in the market capitalisation in the Tinubu era. Companies such as Nestle, Presco, Okomu Oil, Dangote Cement, Bua Cement, Bua Foods, MTN, Guinness, WAPCO, Nigerian Breweries, NAHCO, GTB, First Holdco, Zenith, Stanbic, UBA, Wema, and Fidelity Bank have all experienced phenomenal gains in market valuation."
He continued:
"Local and foreign investors are benefiting from the robust market performance, a direct result of the far-reaching reforms and policies introduced by the Tinubu administration to revitalise the Nigerian economy."
Onanuga concluded:
"While some politicians desperate for power have always downplayed these achievements, we must acknowledge the positive transformation taking place in the economy. The truth is that under President Tinubu’s leadership, the Nigerian stock market is thriving, heralding a new era of prosperity and opportunity for all Nigerians stockholders."
Read more 2027 election:
- 2027 election: Did Afenifere endorse ADC coalition? Yoruba group breaks silence
- 2027 election: Has Buhari's ex-appointee Mustapha dumped APC for ADC coalition? Fact emerges
2027 election: Obi’s vow triggers pushback
Earlier, Legit.ng reported that the one-term presidency vow by one of the ADC coalition leaders, Peter Obi, stirred controversy among northern political stakeholders.
Commenting on former governor Obi’s affirmation, Salihu Muhammad Danlami, the speaker of Arewa Youth Assembly, said northern Nigeria cannot accept Obi’s one-term promise.
For Salihu Tanko Yakasai, former media aide to Abdullahi Ganduje during the latter's time as governor of Kano state, he explained that Obi cannot be trusted.
Source: Legit.ng
