Presidency dismisses Atiku's N7.98trn oil windfall claim, demands evidence

The presidency has dismissed former Vice-President Atiku Abubakar’s claim that the federal government earned a N7.98 trillion oil windfall under the current administration, asking him to provide evidence to support the allegation.

In a statement issued on Sunday, Bayo Onanuga, special adviser on information and strategy to the president, described Atiku’s economic analysis “deficient” and challenged the former vice-president to substantiate his claims.

The presidency’s rebuttal follows Atiku’s recent criticism of the federal government’s continued domestic borrowing despite what he described as “higher-than-expected” oil revenues.

In an earlier statement issued by Phrank Shaibu, his senior special assistant on public communication, Atiku said President Bola Tinubu administration’s economic management was “contradictory, opaque, and bereft of fiscal discipline”.