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Adebayo Tells Tinubu to Stop Blaming Inherited Problems and Focus on Fixing the Economy
Adewole Adebayo, the 2023 presidential candidate for the Social Democratic Party (SDP), has urged President Bola Tinubu to stop referring to the challenges he inherited and to focus on the actions he has taken since assuming office.
Adebayo pointed out that the issues Tinubu claims to have encountered were the same ones he spoke about during his campaign, which ultimately led to his victory in the 2023 election.
During his appearance on Channels Television’s Sunday Politics, Adebayo criticized the President for not prioritizing economic stabilization before implementing certain policies, such as the controversial removal of the petroleum subsidy.
He argued that these decisions contributed to skyrocketing inflation, which has further strained Nigeria’s economy.
According to Adebayo, the government’s inability to manage inflation and stabilize the exchange rate is a significant failure of the current administration.
He emphasized that when a leader steps into office, they should be prepared for the existing challenges. He noted that if a change of leadership were to happen in 2027, the incoming president would already have an idea of the issues they would inherit.
Adebayo also acknowledged Tinubu’s sincerity but expressed concern about his approach. He pointed out that while Tinubu’s desire to reform the country’s fiscal policies and reduce government spending was understandable, the method used to remove the fuel subsidy was flawed.
By removing the subsidy abruptly, the government caused a ripple effect, increasing costs and inflation, while failing to address Nigeria’s most pressing problems, including unemployment and foreign exchange management.
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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