N266bn net outflow exposes confidence crisis as Nigeria’s economy bleeds under Tinubu – Atiku

Former Vice President, Atiku Abubakar, has described the monolithic formation of overseas portfolio concern from Nigeria arsenic yet different damning ballot of nary assurance successful the economical absorption of President Bola Tinubu.

In a connection by his media squad on Tuesday, Atiku said the N266 cardinal nett outflow exposed a assurance situation successful Nigeria’s system nether Tinubu.

According to Atiku, the latest Nigerian Exchange information should occupation each Nigerian due to the fact that superior does not perceive to authorities propaganda astir economical performance.

Citing the latest information from the National Bureau of Statistics, Atiku said that successful July 2026 alone, overseas investors brought N13.36 cardinal into the Nigerian equities marketplace but pulled retired N779.43 billion, leaving a staggering nett outflow of N266.07 billion.

“Foreign outflows exceeded inflows successful each azygous period during the period. The nett outflow is astir 11.7 times the N22.68 cardinal recorded successful the corresponding play of 2023.

“This is not simply an concern statistic. It is simply a assurance verdict connected the Tinubu economy.

“Imagi...