President Tinubu Lacks Capacity to Rescue Nigeria, Atiku Talks Tough

President Tinubu Lacks Capacity to Rescue Nigeria, Atiku Talks Tough
Atiku Abubakar
Nigeria Former Vice President and 2023 presidential candidate of the People's Democratic Party (PDP), Atiku Abubakar, has released another statement belittling the economic policies embarked on by the administration of President Bola Ahmed Tinubu of the Federal Republic of Nigeria.

Atiku, in his statement, condemned President Tinubu's economic policies and capped it up with an insight that President Tinubu lacks the capacity to revamp the Nigerian economy.

He accused President Tinubu of not being prepared for the Offices he is occupying, encouraging him "to swallow his pride and follow those that know the terrain."

Atiku insisted that President Tinubu's economic policies have caused more hardships for the residents leaving many companies with no option but to wind up while small-scale industries are being killed.

He said: "The economy's performance has, in recent weeks and months, been a subject of intense discourse among Nigerian citizens at home and abroad. Nigerians are gravely concerned, and rightly so, that Tinubu’s poor response to Nigeria’s economic challenges is setting the stage for a prolonged and deeper domestic economic crisis.

"His economic policies, drawn from a so-called renewed hope agenda, are ironically dashing hopes, creating pain and causing despair. The private sector is shrinking by the day as small businesses are emasculated and as Multi-National Companies, confused and weary of the economy, leave Nigeria in droves. The intense cost of living pressures has created more misery for the poor in towns and villages. There is HUNGER IN THE LAND as basic commodities, including BREAD, are becoming out of reach for average Nigerians.

"His 2024 budget is a business-as-usual exercise, bereft of concrete ideas and actions that would support Nigeria's journey toward economic transformation—consisting mainly of wasteful expenditures to cater to a bloated Federal Government. Budget 2024 will not facilitate growth and cannot empower our citizens to earn a living and live a decent life.

"[Bola Ahmed Tinubu] BAT has shown no capacity to deal with the adverse and disastrous impact of the new subsidy regime on the people and businesses and the new foreign exchange policy, which provides for a free-floating exchange rate. His initiatives are literally uninformed, arbitrary, and chaotic. BAT’s palliatives are too mean, pitiable, and contemptuous of the poor. He seems genuinely lost, bewildered, and overwhelmed.

"To mask their failures, BAT and his political appointees are busy blaming his predecessor in office for bequeathing a ‘dead’ economy. This is a familiar game popularised by former President Buhari while in office. It reinforces what we already know: that BAT came into office unprepared.

"Tinubu and his economic management team must swallow their pride, admit their missteps and failures, and follow those who know the terrain. They must act fast before the economy sinks deeper into the abyss.

"The question is, will they? Atiku asks.

Category: World-News
Tag: President Tinubu Lacks Capacity to Rescue Nigeria Atiku Talks Tough
Written by Author (author)
Published 2/5/2024 12:04:09 PM

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