Presidency Counters Atiku’s Economic Critique
The Nigerian Presidency has rebutted former Vice President Atiku Abubakar’s recent comments on President Bola Tinubu’s economic approach, arguing that gradual reforms, as proposed by Atiku, would fail to address Nigeria’s economic challenges. The Presidency claims that Tinubu’s proactive policies, including subsidy removal and forex unification, are essential steps that Atiku previously overlooked.
Atiku’s Recommendations Unnecessary, Says Presidency
Special Adviser on Information and Strategy, Bayo Onanuga, dismissed Atiku’s gradual reform proposal as insufficient. He argued that Atiku, alongside former President Olusegun Obasanjo, had opportunities to implement these reforms but chose not to. “President Tinubu is addressing these issues with a decisiveness lacking in prior administrations,” Onanuga stated.
Impact of Tinubu’s Reforms on Nigerians
The policies introduced by Tinubu, though challenging, are seen by the Presidency as necessary adjustments to stabilise the economy. Nigerians continue to experience rising costs in food, transportation, and essential services, but the Presidency insists these sacrifices are temporary and will ultimately benefit the country. Onanuga described the reforms as steps needed for sustainable economic health.
Atiku’s Past Policies Come Under Scrutiny
Onanuga also criticised Atiku’s tenure as Vice President, recalling controversial privatisation efforts and missed reform opportunities that allegedly weakened Nigeria’s economy. He accused Atiku of prioritising cronyism over national interest and asserted that Nigerians had already rejected Atiku’s vision in the 2023 election.
Think Tank Backs Tinubu’s Reforms
The Independent Media and Policy Initiative (IMPI) supported Tinubu’s decisions, comparing Nigeria’s situation to Venezuela’s economic struggles. IMPI Chairman Dr Niyi Akinsiju stated that decades of poor economic policies had forced Nigeria to confront harsh reforms. According to Akinsiju, Tinubu’s policies are essential to prevent further economic decline.
A New Economic Direction for Nigeria
As Tinubu’s reforms unfold, the Presidency emphasises that these steps, though initially painful, aim to establish a more resilient economy. The administration pledges continued support for vulnerable citizens and believes that Nigeria will see long-term benefits from the current economic strategy.
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