Genuine Motive Behind Tinubu’s Swift Award of Lagos-Calabar Coastal Road Contract to Chagoury Group – Atiku

Atiku Abubakar accused President Bola Tinubu of hastily awarding the Lagos-Calabar coastal highway project to Chagoury Group due to his son Seyi’s involvement with the company, as per a statement released by his media adviser, Paul Ibe.

Atiku highlighted the conflict of interest and breach of procurement regulations in this decision, urging Tinubu to prioritize attracting genuine investors over resorting to propaganda tactics.

Citing a report from Africa Intelligence News Agency, Atiku pointed out the official business association between Seyi and Chagoury, emphasizing that the Chagoury Group has been the primary beneficiary of Tinubu’s favoritism.

Atiku criticized the lack of competitive bidding and the exorbitant cost of the project, labeling it a misuse of taxpayer funds driven by Tinubu’s personal interests rather than the welfare of the Nigerian people.

Atiku highlighted that the lack of proper notification regarding the demolition of key facilities along the Oniru corridor has hindered foreign direct investment in the country. He emphasized that the actions of the Tinubu administration have not only failed to improve the business environment but have also showcased a prioritization of personal interests over national welfare.

Furthermore, Atiku pointed out that despite claims of securing substantial foreign investments, reality paints a different picture with no tangible results. The mismanagement of economic policies, such as the exchange rate unification, has led to significant losses for manufacturing companies, with even prominent figures like Aliko Dangote criticizing the situation.

The shift from a PPP to a government-funded project for the Lagos-Calabar coastal highway, without proper assessments and approvals, reflects a rushed decision-making process under Tinubu’s leadership. Atiku criticized the lack of transparency and adherence to protocols, highlighting the need for a more structured and investor-friendly approach to development projects in the country.