The All Progressives Congress (APC) has criticized former President Olusegun Obasanjo following his negative remarks about President Bola Tinubu and his administration....For More CONTINUE THE FULL READING▶▶
On May 26, Obasanjo stated that President Tinubu’s policies on fuel subsidies and the exchange rate have severely impacted the Nigerian economy.
In a statement regarding Tinubu’s performance, Obasanjo said that the current government’s policies, which were “wrongly implemented,” are driving foreign investors away from Nigeria. He observed that “the present administration has not found the right approach to manage the economy to foster confidence and trust, which are essential for investors to start coming in.”
“Today, the government has made three decisions, two of which are necessary but were poorly executed, leading to the impoverishment of the economy and Nigerians. These are the removal of the subsidy, narrowing the gap between the black market and official exchange rates, and the third is dealing with a military coup in the Niger Republic,” he said.
Responding to Obasanjo’s comments, the APC National Director, Bala Ibrahim, suggested that the former head of state is “suffering from old age syndrome and should not be taken seriously,” labeling him a habitual critic.
Ibrahim claimed that Obasanjo believes he is the only one who truly cares for the country. “He thinks he is the best and that every other leader is bad. This attitude is not befitting of a statesman. No one has a monopoly on knowledge or leadership style,” he said.
“As a Nigerian and someone who respects Obasanjo, I believe that senility is setting in. Obasanjo is beginning to show the symptoms,” adding that “Ever since he lost the bid for a third term in office, he has consistently criticized every subsequent government.”
Ibrahim also mentioned that Obasanjo’s criticism of the current government is not an isolated case. “President Bola Tinubu is not the first to be targeted by Obasanjo. Both Buhari and Jonathan were also subjected to his critiques. Obasanjo himself did not perform better when he was in charge. In fact, he oversaw the fragmentation of the Nigerian economy.”
“How can he criticize someone who is striving to improve the economy? I am not a spokesperson for Tinubu, but I am aware that the party has discussed him. I firmly believe that Obasanjo has made a mistake, as he often does,” he concluded.
Reports indicate that after Tinubu took office on May 29, 2023, the country experienced a drastic shift as inflation hit an all-time high in Nigeria’s history.
Furthermore, fuel prices soared from N250 to N600 and currently fluctuate between N800 and N1000 per liter. The cost of transportation has increased by over 700 percent. The exchange rate escalated from N350 to $1 to N1540 to $1 within the first year of his administration.…Continue The Full Reading.>’.
