Former President Olusegun Obasanjo has criticized the administration of President Bola Tinubu over the poor implementation of the removal of subsidy from petroleum products and the floating naira. Speaking at a colloquium tagged “Nigeria’s Development: Navigating the Way Out of the Current Economic Crisis and Insecurity,” Obasanjo emphasized the necessity of these policies but slammed their implementation.
Obasanjo highlighted that these decisions were necessary but were wrongly implemented, resulting in the impoverishment of the Nigerian economy and its people. He also condemned Nigeria’s handling of the military coup in the Republic of Niger.
During his address at the Paul Alaje Colloquium, themed ‘Nigeria’s Development: Navigating the Way Out of the Current Economic Crisis and Insecurity’ in Lagos, Obasanjo stressed the need for a comprehensive, long-term economic agenda to address the nation’s challenges. He lamented the lack of coherent policies, corruption, and greed among government officials, attributing the country’s economic woes to these factors.
Obasanjo cited the persistent fuel scarcity as evidence of the government’s failure to implement effective solutions, underscoring the urgency for a strategic and sustainable approach to steer Nigeria out of its current economic crisis and insecurity.
The former president’s critique reflects growing concerns over the governance and economic management under President Bola Tinubu’s administration. The impact of these policies on the Nigerian people and the broader economy has spurred discussions and raised alarm about the need for effective and well-implemented measures to address the country’s economic challenges.
As Nigeria grapples with economic hardships and insecurity, Obasanjo’s outspoken condemnation of the administration’s policies serves as a reminder of the urgency to reassess and reform the implementation of key economic decisions to mitigate the adverse effects on the country’s population and foster sustainable development.
