Olusegun Obasanjo, Nigeria’s former president, has accused President Bola Ahmed Tinubu of promoting poverty among Nigerians by implementing several of his initiatives wrongly.
The erstwhile nation’s leader position is coming against the backdrop of Tinubu’s one year anniversary in office.
According to a Daily Trust story published on Sunday, Obasanjo remarked that President Tinubu’s administration has yet to figure out how to handle the country’s economy in a way that will attract investors and encourage them to begin investing.
Obasanjo mentioned three key decisions made by President Bola Tinubu in a statement sent by his media assistant, Kehinde Akinyemi, in Abeokuta, Ogun State’s capital. He noted that two of the measures had resulted in poverty for Nigerians and the national economy. …CONTINUE READING
The withdrawal of the fuel subsidy, the exchange rate, and his handling of the military coup in the Niger Republic, he claimed, are the three decisions.
He said, “Today, the government has taken three decisions, two of which are necessary but wrongly implemented and have led to the impoverization of the economy and Nigerians. These are removal of subsidy, closing the gap between black market and official rates of exchange, and the third is dealing with a military coup in Niger Republic.”
According to the former President, hard work and sweat are the only ways to advance the economy. He claimed that the economy defies military instructions and that, with proper management, the general public would see light at the end of the tunnel within the next two years.
He added, “It requires a change of characteristics, attributes and attitude by the leadership at all levels to gain the confidence and trust of investors who have alternatives.”
